So, after reading the whitepaper I realize that the anonymity of this coin is solely in the hands of the developer. Not only that, but the traffic of every transaction goes through a machine the developer owns. Someone please correct me if I'm wrong.
Lol.
That is hilarious.
Anonymous... except you have to trust one single point of potential absolute failure?
Peer to peer... except once again as long as single point of potential failure doesn't in fact fail (or belong to NSA or some other entity who might find this useful).
People are actually buying this? If anyone can tell me any reason except for "I want to make some money", please let me know!
Yes, from the PDF it says,
API nodes will be load balanced and DDOS protected which will be operated by the CLOAK development team.
At this moment the CLOAK development team will be operating the mixer engines.
This way there is a usable system in live production and they can build upon that. In the future things can and will change and the price may never be this low again. Worth a risk. Just like some other coins are worth the risk.
