Topic: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - page 116. (Read 823858 times)

But they are not doing something new. This whole "chuck another algo in" act isn't new, it was being done three years ago on numerous copy-pasta coins which were being launched every other minute.

No because Ethereum has always had the goal of switching to PoS at some point. No hardware manufacturer would take the risk of developing and manufacturing an ASIC for it.

Those terms aren't used as ad-hominem, they are used as factual labels to describe actual things.
1. The people perpetuating this scam are scammers
2. The people perpetuating this scam are obviously using trading bots to create fake volume
3. The only people falling for this are newbies to cryptocurrencies, otherwise known as 'noobs'.

Which part of the fact that you can cheaply buy white-label scripts and code to create these things sounds like these people must be legit because they 'created' these things?

1. Zero innovation
2. Absurd hype about utterly pointless 'ASIC resistant' algo for mere 100-day PoW phase
3. Whitepaper which contains nothing of substance other than hyping the pointless algo
4. Insanely high trading volumes for a coin with zero innovation or tech
5. A forum thread with numerous sock-puppet shill accounts which routinely post 'inside information' encouraging people to buy into this nonsense coin

If it looks like a duck...

Hello Sir.

I have started cryptocurrency investing for more than three months now and checking out the forums here and there including this one (for over a month).  After a careful decision, I have decided to include this as my privacy coin as part of my diversification portfolio. 

I was just surprised that the community is large for a low marketcap of $5m.  There are 1642 members on Telegram and Discord has hundreds.

The reason for the 100-day PoW is to prevent ASICs from monopolizing the mining/distribution of the coin prior to becoming PoS.  The main intention is to have this as a distributed coin as possible.  If a coin goes PoS immediately, whales can swoop it up like in many ICOs.  If the coin is PoW but is of a longer time, whales can swoop as well through buying/using ASICs.  The intention is that hobbyist miners can have a piece of the action.  Whales may still be possible but they will be lesser in number and scope.

As for the use cases for the coin, the devs have also created a running Signatum Store (in Beta).  You can check it out here at http://signatum.store.  In the long run, more people will use this store for their own purposes. 

As Charles Hoskinson of ETH/ETC said, "The value of a coin comes from its community, not the technology."  I have to agree.  Bitcoin itself has lots of things to work on and does not have the best technology, but it is the one most used by the global community and its market value does reflect it.   

I appreciate and the warning to the Bitcointalk community regarding SIGT is definitely noted. 

Nonetheless, I have decided that this is my privacy coin of choice based on the risk-reward tradeoff that I am willing to take.  If the price tanks and I lose all my money here, no problem.

To any other newbies out there, please note that you have to invest in several coins and not put majority or all in one coin including SIGT.  I am willing to lose my thousands of Dollars here if necessary.  Note that this is not financial advice and I am not your financial advisor.

Thank you very much.

Well your right it might not benefit this coin in particular but sure does benefit the whole crypto space, that is a continuous experiment and nobody knows what will the end result be...

The fact that someone is doing something new shouldnt be considered a scam... I know what Asic resistant means, soo you are implying that asics could be built easely for this algo if it becomes profitable enough, am i right? I have another question for you... Wouldnt be Ethereum a profitable enough coin to create asics for? its been around how long without it? The fact that you imply that argument has a scam makes no sense at all to me... ( even if both algos use different hardware resources )

Until now the only tangible criticism i heard from you is the whitepaper that in fact could be more up to date with all the development done so far...

The fact that you need to attack other users ( calling them nobbs, scammers, bots, etc ) has a way to convey your only real criticism about the whitepaper is very limited from you...

Regarding the fact that the code was bought or not ( your the one implying it so im assuming you have done this multiple times in the past ), i dont see many coins that after 2 months of existance have such real aplications for them, not even arguing the potencial use cases of every coin, the fact is that Signatum has built aplications for their coin and to me that is a good sign that they want to keep working and improving their use cases...

To summarize, the only real criticism, and i have to agree with you, is that the whitepaper needs to be improved to match the work beeing put into this coin until today... The rest of your points its seems to me your holding to words and semantics in order " prove " your scam accusations...Nothing more...

And the whole threatening people with negative ratings, just to prove the insubstantial evidence you have delivered, of the coin being a scam, is pure mindlessness. Who is this guy kim jong un? I hope it is clear to many of the community, that this is nothing more than bullying tactics to force a weak argument across the table.

You are aware that acting in such a manner, already means you have lost, as you could not bring forward a solid case without reprisal, in the form of threats.

Okay kid, you've said your piece. You've clearly demonstrated you have no argument. We 'have been warned' now - thanks for the PSA. Now get on your way. The price has been going up the whole time you've been spreading FUD so it's clearly not working.

Also, stop saying these new accounts are spreading FUD with fake interest in SIGT. Do you not know what FUD means? Your responses are so childish that nobody can possibly take you seriously. I tried to ask you if you had any actual real facts to support this being a scam - you clearly don't. BYE!

You are being conned if the 'dev team' are promoting the coin off the back of a bullshit feature which is utterly irrelevant to this coin and have manipulated both the market through ridiculously high volume for a coin with zero innovation or tech and also fooled the community into believing it is a legitimate coin of size and scope so they can offload their bags of shitcoin for bitcoin.

This isn't the first shitcoin scam and it unfortunately won't be the last.

Yeah and I’m a scammer on a bot account. My programmer is so ingenious he’s made my AI be able to answer you specifically crypto.

Well in all fairness nobody is being conned, as you say "ASIC-resistant actually means? It is simply down to whether the component parts of a dedicated ASIC mining device for that algorithm would be sufficiently profitable to assemble and produce to mine a coin efficiently"

As POS is 100 days then the answer to this is no, subsequently defining by a marketing standard, that yes the coin is ASIC-resistance.

Sir i watch you latest post more than 10 pages and i must say you do a really bad work because you don't warn people in all other real scam or shitcoin threads....there are many victims they need your help!!! so go bro and help them now you are finsih here!

98% alt coins are scam in this case
why you so focused on signatum?

I think im being ignored here ... dont i have neg. trust for me its only:

Scammer account for the Signatum shitcoin, matching the usual post history of only Signatum thread!

So what if other coins were to use that algo? That doesn't benefit this coin.

Do you understand what ASIC-resistant actually means? It is simply down to whether the component parts of a dedicated ASIC mining device for that algorithm would be sufficiently profitable to assemble and produce to mine a coin efficiently. If a full-time PoW coin has a very large market-cap and high value for a sustained period of time then market forces dictate than an ASIC miner will ultimately be produced for that algo.

In any event, it is irrelevant, my point is that the whitepaper, which is absent ANYTHING of substance, is almost entirely dedicated to talking up the ASIC resistance as its innovative tech when it is only going to have a 100-day PoW period. There is absolutely no reason for its brief PoW algo to be the mainstay of it supposed tech.

That is where you and every other FOMO-suffering noob are being conned.

As for:
So what? Cut-and-paste 'features' of most other shitcoin scams.

Most of the code for these things is simply bought for a few bucks and re-skinned.

The dog barks the caravan moves on  

I Think it’s about time we get his account banned. All he is doing is posting negative ratings on everyone for absolutely no reason other than his being a complete jackass. I’ll be sending info to do so and you should all do the same. It can’t be ignored that all he does is post ratings for people he disagrees with

dito

Not just a tool, but Legendary tool  

I am afraid the community would need solid irrefutable evidence that this is a scam coin, not just opinions based on previous coin similarities, or surmising circumstances that can not be tested.  

You should open a separate thread with a compiled list of accounts that need to be neg. rated. I wouldn't have noticed this case, but apparently some shill account of this project neg. rated me suddenly which spiked my interest.

I can't believe that an intelligent being would say something like this, considering its inherent stupidity, unless you were being paid (aka a shill) to do so.

WTF are talking about ?

Is it a crime to have a newbie account ?

I use a bitcointalk.org as a heart of the all new altcoins ANN to search new coins to increase my profit. And almost never type messages here. To talking about crypto i have other forums. IS THIS FACT make my cryptbot/scammer/whatever u say ? I think it's nonsense, isnt it?

Obvious fact. This legendary man dont know anything about Signatum project to judge it, and here is my points why:

1. All the people, who mine signatum from the begining knows, that DEV team dont use bitcointalk at all. They are all in the discord and telegramm. The information in the 1st post is old and dev doesnt care.

2. 43 btc is a shitty low volume for sigt. Signatum got 800btc for 1 day and about 100-150 btc for a week. Of cause, this volume was made by speculations and bots - but this is how big exchanges works to make profit, there is nothing about coin itself. All the "fake" volume on the exchanges is about exchanges itself or professional traders with a much numbers of trading bot.

3. You are speaking something about 100day pow and asic-resistance, but the real asic-resistance is a Skunk algo actually, one more fail from your side. It's resistance cs of combining 4 different algos together.

4. It could be a scam, if dev team got any premine, while they dont. Research the first 1k blocks history of transaction and you will admit it.

5. Signatum have no purpose ? Another lie. Sigt got marketplace, willl have a masternodes, will have a signatum pay. Dev team stick to the road map.

Atleast this 5 facts make Signatum 10 times more better coin than all the shitcoins for PoW, witch was released last 2 months. And i can say it, because i read all the new ANN's on btct every fuc*ing day (beside ico, its scam^^).

So please, have a respect to people. If you want to make a FUD - do it like a professional. Prepare information, read the history, think about your strategy. From now you looks just like a clown, no offense.

P.S. If you try to minus my karma i will type a long post to moderators of bitcointalk with all the arguments i have to bann your account for FUD.

Best regards.