Cloak coin, the rise of the ninja

Did you see Cloakcoin and it's recent rise in price, not to mention Market Cap?

No?

Well we can’t say it was due to its state of the art encryption, techs and support for Raspberry Pi…. Or can we?

Moving from approximately a $5M market cap on June 4th to 48,756,500 as of yesterday.

Recently Clif High from halfpasthuman.com reviewed Cloak in one of his paid analyses. If you do not know who he is, get ready for a woo woo train that will lead you down a road going, “damn that makes sense”. Clif noted movements in his research of Cloak which are to be seen this year.

One must ask, while our beloved BTC and ETH alike were both hemorrhaging like a werewolf shot by a silver bullet, how in the hell did this currency, or more so technology not only retain value but rocket for days?

In recent news we have all seen the legislation warnings and committees being formed to research blockchain technologies. People getting arrested for “money changing” to an exchange in Florida supposedly supporting money laundering.

Whether an interesting twist of fate or a self fulfilling prophecy of Clif High’s report it may just be the ninja like encryption that made those few jump ship.

$BTC falling drastically over the past weekend had most of us distraught and worrying over our portfolios. Fear, questions, concerns and plenty of "REEEEEEEEE” were had on every stream, article or thread relating to Crypto. A Massive exit in the market occurred for a number of reasons. Meanwhile, some folks stayed in the market. Some smarter than others pulled a $USDT or $NBT shunt to weather the storm. While others looked to Cloak for security in an uncertain market.

Why?

Next to Bitcoin’s decentralized nature another often touted bonus is the anonymity. Sadly, it is not anonymous. A technology like BTC where someone can figuratively walk into your accountant's office or the store you purchased an item in, authorities can literally find every transaction you have ever completed on the block-chain. They just need an address as all transactions are stored in the chain.

People are beginning to get worried. And understandably. Will this feared tech called block-chain be legally taken from the hands of its owners just like Gold and silver was due to Franklin D Roosevelt's Order 6102. Or is this just the movement into better technologies for illustrious Silk Road users and laundering which are quite likely the founders of popularity and original use cases for $BTC. Let’s face it, people love porn, drugs and other peoples shit.

Either way, in a burgeoning economy that even Bill Gates says is worth more than gold, I’m not leaving.

Sources/References:

https://www.cloakcoin.com/en/

https://coinmarketcap.com/currencies/cloakcoin/historical-data/

http://www.businessinsider.com/how-to-remain-anonymous-while-using-bitcoin-security-tumbler-mixing-laundering-cybersecurity-kevin-mitnick-2017-5

https://en.wikipedia.org/wiki/Executive_Order_6102

https://www.entrepreneur.com/article/238103

Pardon the unformatted dust, we are building here!

Be Safe and Crypto on