Dev, could you explain it in more detail how does this "anonymous via exchange" work?
If you don't want go into the technical details, that's fine. But could you at least use plain English and a few examples to articulate how it works?
It sounds like you are using exchange sites as mixers.
But who decides which sites will be the mixers? 1: The Dev, 2: the exchange sites themselves, or 3: the network itself?
If 1, so DEV has the ability to choose who get to be an mixer?
If 2, so what makes an exchange site different than other individuals, they are all just bunch of coin addresses, plus anyone can open up a website to make it an "exchange".
If 3(the best), how does the network differentiate which address is an exchange?
Regardless 1,2,or 3, this model is solely based on the trust of the exchange sites that they will do the coin mixing/forwarding process correctly, honestly, and promptly.
This is VERY BAD for the coin because the survival and prosperity relies on the functionalities of various exchange sites, which we all know can open and close overnight, not to mention DDoS, and all other security or functionality issues.
Even only reputable and large exchange sites are selected as mixers, there is no guarantee they will function and honest forever.
I think the anon feature needs to be built into the coin and have the network enforcing itself, otherwise there could be huge amount of potential issues, issues that can kill the coin overnight.
How CLOAK prevent this?
Good questions.
Full details will be laid out for everybody to analyse (as much as they like) tomorrow evening night time at European time zone.
