Topic: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - page 121. (Read 823858 times)

Hmmm, deluded fanboi or scammer account?

Why would I be posting about the obvious signs that this is yet-another-shitcoin scam? Perhaps because it is and perhaps because I am trying to save some people from losing any more of their bitcoin to these scumbags.

EVERYTHING about this coin, from the ridiculous and utterly useless 'ASIC resistant' algo,  the vapid whitepaper-that-isn't-actually-a-whitepaper to the insanely artificially high trading volume on YoBit, scream that it is just-another-shitcoin-scam.

Oh should I? Because the amount of work I've been putting in exposing other scams these past months means my absence from this particular shitcoin thread is an indication I want to buycheapcoinznomnomnom™? LOL, because that's so totally not exactly the sort of crap accusation that's always posted when these shitcoins are outed as scams.

I only came to this thread because somebody alerted me to it and it did not take long to recognise it as being exactly the same as all the other shitcoin threads I busted back in 2014/15. Check my post history from then.

In fact the only thing missing from this thread is all the 'MOOOOOON' Gifs and dumb-ass 'Weak Hands will lose out' trading memes that used to be popular in them. Often in an attempt to bury the posts which were exposing the fact it was a scam.

If you don't like the coin then why bother entering the relating thread just to slate it? It doesn't make sense unless you have another motive 

All of this negative activity which started 2 weeks before POS is targeted attempts to lower the price and all I can do is hate/and be thankful for those trolls at the same time.
I follow/mine/buy Signatum from the day 1 and believe in this coin very much.

Keep on tolling please, but you will be supporting when the POS hits

That's what I was thinking. I've been going through some of the older pages of this thread trying to find a common theme among them which normally indicates a shit-posting bot (or person) responsible for keeping the thread growing and on the first page of the Altcoin ANN forum.

So far I've seen one very common aspect which is that, while I've yet to find the usual single account shit-poster example, there are a lot of different accounts which routinely post in this and a few other shitcoin threads, as well as GPU mining threads.

But, then, it could just be gullible rig-owners who think they're on to the next big thing with these coins.

If you think its scam coin, then why didn't you say that much earlier? This thread was pretty much active for these 2 months, and Legendary guy should have found it much faster.
Saying those kind of stuff just right before the PoS phase starts, it looks like you just want to buy coin cheaper

The value place on this coin will only be determined by the market
 If we can get this on high volume exchange and then spread it around all other smaller exchanges, the demand and supply may Indirectly push us towards very interesting development and who knows may be real World use.

I have idea for this coin commercial:
Signatum - coin of the noob!

There is one word which doesn't fit at all in this coin thread: professional

Yet it's been one of the most profitable to mine. If people believe it has value then it has value. People may just want to have it for the hell of it. Look at Monacoin, for example. It's still exchanging and all it has going for it is a cat meme.

https://www.coindesk.com/why-japan-fell-love-monacoin-cat-meme-cryptocurrency/

I'm still not sure if they're real people (but very technically ignorant), or bots.
Cause every-time you see someone praise The Great Doc or Future Tech Signatum in this thread - their account always has around 50 posts (+/-10).
If the coin is 2 months old - that means 1 praising post per day per bot (or a hired or brainwashed copy-paster, which doesn't differ much from a bot anyway)

Fuck, so you're saying all these pages are from posts made by actual victims of this shitcoin scam? It's worse than I thought then.

Seriously, you're all being conned. There is NOTHING to separate this coin from any other and that whitepaper is a joke, filled with a great big nothing-burger of an irrelevance concerning the PoW algo.

I thought the ICO scene was bad, but this sort of shitcoin project is clearly rampant for targeting noobs through FOMO and technical ignorance.

Doc seems to care alot about the community. He knows that he needs us as much as we need him.

Too bad we don't have the conversations from the Cryptopia side. I imagine a lot of cursing and angry words could be heard there.  It looks like Doc was more concerned about coins being returned to their owners than anything else. It wasn't about him.

cryptodevil, thank you for your reply!

I found a good arcticle for masternodes and thats why I deleted my post: https://www.investitin.com/masternode/

I like the 100 days, it gives a decent amount of time for people to mine it. It could go on "forever" with lower block values, but for the environment this is a good solution.

Now if this coin will be one of the most popular in one year, or just end up as a low volume pump and dump time will show. At current prices i would say it is a good risk/reward.
Alot depends on the development going forward, and the community interest.

I could do a shit ICO which had no purpose other than trading, but if it were embraced by a big community it would still hold alot of value.


Edit: The legendary badge gives you some respect but alot of people will disagree with your opinion. Lets just hope this can turn out to a civilized and interesting discussion

Edit 2: You got a good point about the ASIC resistance.

There are many many coins popping up each day, and for me too the first snake in the grass is PoW that is reduced to a few measly days (quick shitcoin flip) or a premine that makes your head spin. Signatum too, I wont participate in it. No matter the future, it started shit, so whatever it becomes in its core it can never become great.

It's another way to con you into buying the coin so you run a 'Masternode' wallet when the network is on PoS which usually does something like transaction mixing in return for rewards, but you need to have a minimum balance of coins to run one, hence it being the go-to for shitcoin scams to get people to buy their shitcoin from the, again, laughably obvious, fake volume pumped market on Yobit.

Come on you numpties, wake up! Don't keep throwing your bitcoin at this!


[EDIT]
Oh! Now that is interesting, a post being made which is deleted shortly afterwards. 'papi92' is bot-posting to keep this thread active with fake posts. LOOOOOOOOL!

Yeah, you're fucked.

Oh wow! I have not seen one of these for a long time.

In cryptocurrency terms this is a real blast-from-the-past given the preference for bullshit ICOs these day!

What we have here is what is known as a shitcoin and I cannot believe people still fall for this nonsense.


Ladies, gentlemen and others, please be upstanding for the single most laughably obvious absurdity of this entire project:
https://signatum.io/

The ENTIRE premise of this ridiculous shitshow is the hype surrounding how this 'revolutionary' algorithm offers strong ASIC resistance. But the PoW period is only 100 days! Who the fuck would care about building an ASIC to mine this? The 'devs' could just as easily have picked any of the legitimate algorithms for which ASICS do not exist.

100 days of PoW!

The whitepaper consists of paragraph after paragraph of talk about this coin's PoW algo and NOTHING else of any difference to EVERY other fucking clone-a-coin cryptocurrency out there. It isn't even a technical whitepaper, it is just rambling hand-wavy bollocks!

That you are even arguing over who said or did what from this con-artist 'dev team' would be hilarious if it weren't for the truth that most of you will have lost a substantial amount of your own funds in this fraud.


Jesus Fucking Christ, I am genuinely shocked that this old-school style of crypto scam is still being run and people are still falling for it.
SMH.

The Doc is hot headed, thats for sure. A passionate man, who cares about his coin. That leads to some unfortunate formulations, but is also a good drive for the development.
In the Discord meeting i got a good impression of him, i just dont like that the developers dont hold a decent amount of coin.

And for all the moon talk bs. Well sigt is not going to the moon. I got some coins which will, but sigt is going to the Pluto!  

This conversation looks very strange for me. I have some doubts about devs now