/biz/ - Business & Finance

>>6525926
okay let's seriously talk privacy coins. What about CLOAK?

Hi biz, I recently decided to sell a coin at a loss. I didn't lose much, overall I'm still up. Anyway, I'm thinking about reinvesting in a privacy coin I first heard about over a month ago, that I think has truly great promise.

The only thing is that the trading volume is incredibly low. Less than 20 BTC on bittrex. It's also at the lowest it's been in over a month right now. I want to buy, but it's kind of an impulse decision. No idea if it will go up or not, but this coin is definitely better than verge. Again though, not sure it would ever compete with Monero.

I'd like to hear your thoughts. This is a great time for buying. Pic related

>>5227508
CLOAK

Very low market cap right now, something like 110 BTC, up from 90 yesterday, up from 50 the day before.

It is a privacy coin, like Monero or Verge and the like, but it works in a different way and is also environmentally friendly because it uses Proof of Stake instead of Proof of Work.

Basically when you send a payment through it, that payment is routed (and concealed) by at least 5 or 6 other "cloakers" who have cloak coin. They also get a small payout for cloaking others payments, so it makes sense to hold it since it pays out in dividends, literally.

As of this weekend their code is being audited by Cognosec. Should everything go smoothly once Cognosec gives the green light this coin could moon hard and do a 2x or 3x. I just got in recently, and the coin has held steady. Despite bitcoins drop of over $1000 today this coin has held it's value

>>5213190
Everyone knows CLOAK is the real privacy coin and is rising faster than Monero

"ENIGMA is a trustless-Anonymous protocol. ENIGMA allows users on the CloakCoin network to transmit Cloak anonymously to each other. Transaction requests are scrambled between various open wallets and because the Cloakcoin network has no masternodes, Cloaks are sent without the need to 'trust' masternode operators, each open wallet within the Cloak network acts has a node. PoSA3 transactions are ‘cloaked’ by other users on the network, who receive a reward for their assistance (1,8% of the transaction value, is shared among participants). The other users provide inputs and outputs to the PoSA transaction making it impossible to determine the true source and destination of the cloak transfer."

oh yeah and unlike bitcoin it is environmentally friendly as well, promote adoption en masse by mainstream society. Bitcoin being bad for the environment is the only card left the media and establishment can play

>>5211544

Proof of Stake is where it's at. Look into CLOAK. Fully anonymous security coin that is also environmentally friendly. Small market cap, coin can only increase in value. DYOR and google it, some are saying it's about to break out right now:

https://twitter.com/tranman1411/status/942917415586865152

https://twitter.com/MituuToyo/status/942999250618802176