Cloak Update - These are the words from our developer

in #cloakcoin7 years ago

Dear Cloak Community,


We are aware that most of you are waiting for the public release of the code this September, as we announced it lately. After correspondence with the Developers it is impossible to keep to this schedule due to the complexity of the code. We jumped the gun, and we sincerely apologize for this. There is no advantage for the community and ourselves to rush, just to keep the schedule. This phase is very critical for the CLOAK Project and its future. Please understand that we are as fully committed as ever to the success of this project, especially since we are so close to the goal. This is a temporary speedbump.

These are the words from our developer:

I am still working on the changes to Enigma. They are significant and mentally taxing, but must be completed before open sourcing to mitigate against attacks to Enigma. I've seen 'open source in september' mentioned a lot. That is not going to happen. I'm aiming to get this pushed out as soon aspossible and hope to have it up and running sometime in October. This is not a hard date that I am committed to though, and I'd advise against doing any PR on the back of that atm. Once I have successfully tested the new Enigma system on the 'devnet' developer network, I will provide some further technical details of the changes and how they work. Doing this before I have successfully tested the system is a bad idea though as things may need to change or be tweaked during development.In terms of things that can be done that are of real use in taking the project forward, Cloak desperately needs some new testnet nodes set up for the new release. As I've said previously, Enigma will be locked to testnet only for this initial release to enable the community (and external entities) to study the source and look for bugs/exploits. I suggested that a 'bug bounty' scheme be run after open sourcing, to kickstart this process. I will not be setting up or running this side of things, but I will assist you with advice where I can. There is also a distinct lack of documentation for the project (build instructions for the various platforms etc), so concentrating on this ahead of new PR would be sensible as it's not something I will have time to take care of. I have my hands more than full getting the new wallet release ready.

This was the current update from our developer. We apologize for the delay, but again, quality is better than quantity.
We want the best for the Cloak Community and the Cloak Project. A clean and well written code is the base for further success. In the meantime the development of the new CloakCoin-Website and the new CloakWiki areprogressing nicely. The website will be published before the end of September 2017. Besides that we are busy expanding the existing roadmap with tasks for new features which are planned to be implemented after the code is opensourced.

Last but not least we are proud to tell you that CLOAK has been listed on https://www.coinswitch.co which is an Indian exchange.
We are about to enter the very interesting Indian Cryptomarket!

Peace & Love,

Team Cloak

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Thank you for updating all us Cloakers!

Kinda-newbie question: wouldn't sharing the code there (via open source release) enable someone out there to essentially copy the code and make their own privacy coin (and diluting one of Cloak's unique advantages?)

Indeed it could. However there is the first to market principle. I wouldn't worry about competetion in the general sense. There are trillions of dollars worth of wealth that will be seeking valid forms of re-monetization. Be glad you're in at the early stage. Be glad we have a developer who's interested enough to assist with open sourcing the code and who's taken a justifiable position about the Enigma code.

I think it's really important to seek the motivations of the developer and work to be in allignment with things that support his desires so that the project may blossom.

well put Joe!

Good points in this article. I fully understand what you're talking about. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. This means markets will be as irrational as this big group of uneducated investors. Do you know this interesting site? https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc. On: https://www.coincheckup.com/coins/CloakCoin#analysis For the CloakCoin Indepth analysis

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