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

Just read through the steemit post, and I am happy that I didnt panick and still hold all my coins from the start =)

BIG THINGS INC!

https://steemit.com/cryptocurrency/@cr0wetic/signatum-getting-voted-to-novaexchange-come-see-what-all-the-hubbub-is-about#@oxygenius/re-cr0wetic-signatum-getting-voted-to-novaexchange-come-see-what-all-the-hubbub-is-about-20170813t112015123z

How is it big things if theyre planning on moderating their market? Safex is anonymous and doesnt moderate their users selling/buying activity. Sigt are going to need to compete with Safex if they want to be a top coin, which means they shouldn't moderate what people buy and sell on their market.

How are they even going to define "illegal" different things are illegal in different countries. What if someone from europe was selling flavored cigarrettes to someone in U.S.? thats illegal in one country and not in the other.

Very good point, laws apply to a territory. the main issue with blockchain projects is the legal compliance, looking forward to see how they manage that.

could one way be to implement legal codes in the blockchain through smart contracts Huh

I wonder if there is something out there like a "law blockchain" where national legal codes are implemented as a reference to make sure international transactions comply with the laws of the corresponding countries Huh

Even if they had something like that, people can just trade through a VPN of a country that doesn't criminalize what they want to buy or sell. The simple solution is to forget about the laws, let people be responsible for themselves, we don't need daddy government monitoring our victimless actions.