Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine

http://imgur.com/a/8Hxff

main dev posting his topia balance (not cold storage) RIGHT BEFORE halving and disappearing from discord since then. the dump started immediately after that. he's not replying on discord since then.

bbye sigt?

even if he completely bailed out, his would be 1/70th of the volume of today's trading. not sure if it's enough to trigger such a massive crash.

most likely, it was caused by people taking their profits from idiots who were screaming "to the moon" all over the place.

with no pre-mine, meaning no free coin for the dev, chances are he acquired his the same way everyone else has - mined them, or bought them. he also has a right to sell, some or all of it, if he wishes - just like everyone else.

so, this means nothing... at least to me.

Considering first 1k blocks were 1.6sec block time I wouldn't particularly say 'same way everyone else has' ;p

This was actually my concern, even if there's no free coin for the dev, he and everyone else who was there from the start obviously have a shit tonne more of coins than the rest of the community as the block times were extremely fast. As far as right to sell those coins goes, I guess that's a grey area as far as I'm concerned. Ofc you have the 'right' but you're also gonna affect the coins credibility with moves like that. I personally sold my stash that I got at 600 sats at 2400 sats so I can't complain. I just had high hopes of this going 10k+ easily and was pretty happy that I spotted a coin with good potential right from it's infancy.