Topic: [ANN] Signatum - New Algorithm - Fair Launch - No Premine - page 473. (Read 823878 times)

you may not be aware that some of the largest coins around have significant pre-mines (e.g. ETH...) some even have 20% of all of the generated coins being given to a single wallet. i think the more alarming things with SIGT are that the developer announced it with a 5minute block time however the ANN was modified to say 2 minute block time, all through this the block time has been 1 minute and continues to be 1 minute. there was also almost zero difficulty on the first 1000 blocks which were mined in under 30 minutes:
./signatumd getblockbynumber 1 | grep time
    "time" : 1500413423
Tuesday, July 18, 2017 9:30:23 PM GMT

Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine
July 18, 2017, 09:31:17 PM GMT

as you can see he started mining before he posted the ANN

at the exact second of ANN was block 28:
signatumd@vps01:~$ ./signatumd getblockbynumber 28 |grep time
    "time" : 1500413477

these 28 blocks were mined by these addresess:

so somehow 28 different people mined 28 different blocks before the ANN was announced, i'm not sure how that works, the wallet/miner was not even publicly available until the fair launch as far as i was aware and even then you have to have some time for people to get & set it up

./signatumd getblockbynumber 1000 | grep time
    "time" : 1500414892
Tuesday, July 18, 2017 9:54:52 PM GMT

1469 seconds (24 minutes) to mine the first 1000 blocks, and then difficulty kicked in. still fast to mine at that point but you get the point

well yes that skunkhash is the name for the algorithms combo, just like tribus is the name for the three algo combo of 80b jh 64b keccak/echo which is used in denarius, but the ANN lists Raptor along with all the other algos and there is also a raptor.h file in the source along with the other algos that contains only one function declaration called RaptorFuck() - however raptor.c where the actual function would exist isn't there, and otherwise the declaration file would be incomplete for an algo as it's missing some pretty large amount of code to be called an algo - it just looks weird is all, but I am interested to know what the Raptor algo is (if there is one) since it could be an interesting new algo that nobody knows about


well, a 137.5m supply in september this year for SIGT to a 7 million supply in 2020 for DNR, it's only the algorithms which are strikingly similar, but i'm open to input from the developer, that's why i asked - in order for SIGT to have a 20k sat at completion of PoW it would be 20000sat*137500000sigt/100000000sat per btc = 27500 BTC or roughly 71.5M in it.. not entirely impossible but I really do wonder how far the coin gets

A smooth transition from GetNextTargetRequired to DGWv3 was programmatically implemented to allow CPU miners to also have a chance to mine. People are used to hidden catches so much that even when something fair comes along, they will try to find something in it. Lets assume that even someone has taken major chunk from those first 1000 blocks, it's just not few people but lots of them

You missed a key difference:  denarius is a premine scam =) SIGT has no premine. It could be a 1:1 carbon copy of denarius and be superior due to no premine.

~$ for i in {1..28}; do  ./signatumd gettransaction `./signatumd getblockbynumber $i | grep -A1 tx | grep -v tx | cut -d'"' -f2` | grep addresses -A1 | grep -v addresses; done | uniq -c
      1                     "BHDYCrezNnyRLunrSNSWiXUfTGp2C4TwDx"
      1                     "BLuoeSCzKtxJMtqn1TPm2KkDe1GSeD9tBS"
      1                     "BRk5B9PniouGgjbV6MH4Z4TV1tftmTMkV2"
      1                     "BP86J2EiQDyxS1u5icYHUu1yeYxV5RLPGy"
      1                     "BM8ezxZXdco98H8MUq3DV85ATrR6sXTr3Y"
      1                     "BCfueb2YDmCnx5GLvQuyw3bAD5Fu8ra6Ku"
      1                     "BEHDjtAUYNEPf7nfKCs7zLdRyEukHpDEFX"
      1                     "B5SEFG3z2dWN6zqCYJSGkuDAhWWKwkHrAd"
      1                     "BCyMvRsxSiBBGRdJMDvqyNWvy1rR9GU59F"
      1                     "BCb5LzchA6j3zLNGQGNUhbauvPij6CQgjg"
      1                     "BAsfEFibmAqF1whTxB4JYnMGVf6DbuSrms"
      1                     "BHRhvRG15PpuyP238DLPQxmcy8BjsRS1f6"
      1                     "B9numoPpMBHsFWpgjheHDmEc6sxaWeXZ3m"
      1                     "BFYVJDpMWM46F5ow5V7v8SCB5HwPBbbmaG"
      1                     "BGdPdwwQg4ZwjDMaoNDrucohRF8niE89uK"
      1                     "BKMhqS5Zk54XSPssefZkbRxDT4a1pcJAff"
      1                     "BAzxT7qtwo4j9GGEfvXBJqmh5VYg2Uzttv"
      1                     "BCQjiRqPDd8qkjMjt8LDFmF92gqpWTVMkm"
      1                     "BDGk8TtBvBs14rvYoSK5FVLYNcvr9bbKcC"
      1                     "BRYv5sxSqFeFAQn3uKb3LN3JDdavWz6y7x"
      1                     "BTAam9gbFafXMcZorZhJA9VHJgFmp8jmgk"
      1                     "B9CPh1jumowejgqd6gjEZmarjLemeDMupD"
      1                     "BScL4spZQ1dHYVkyNvtD7VdwdGoLcb7Htx"
      1                     "BTLE88u15RsVFqnX71Grx8iim4hYrMwhvT"
      1                     "BK14NJTsCFzg6pV6qWai4zy2oT8dPLyD6J"
      1                     "BEqZeYk3c5UERJ5HRfgZPkhbZmfcbeA2br"
      1                     "BL86ffKbYHEt43pGvaWsEWpJBVxJCMHMyw"
      1                     "BHDfU4Jd3iQjd7R3kGXCfdwj3ENpaUuYQk"

I wouldn't pretend to know anything about algorithms, but is "skunkhash raptor" not just a name for the combination of algorithms?  As opposed to it being the literal names of three separate algorithms?

I didn't rush. I bought at 400 sat and mined days ago because this coin was fairly launched and I don't care what codebase it's based on if it's so efficient and was launched in such a way to make it the crypto community's token as opposed to the developer's token.

I don't think it is a derivative of Denarius algo. But that's the developer's to speak on, I'm simply saying the community obviously prefers one method of launching: fair, no premine, and open with the community instead of launching it after you mined it. DNR is 20k sat, so SIGT should be right there with it if you believe they're so identical.

Uhmm.. sorry but there's nothing Fair and clean about the launch, the difficulty and block time was artificially set to very low values for the first 1000 blocks and the first "normal" miners got in after block 1000... So your artificial instamine brought you about 3.5m coins already...

My friend should think well and do not rush

There hasn't been a fair and clean coin launched in months with no catch so it was necessary to have something like Signatum. Everybody deserves a fair share so that is why it exists