Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine
by
cryptodevil
on 21/09/2017, 07:31:36 UTC
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/
Quote
Signatum features the new SkunkHash Raptor algorithm that enables strong ASIC-resistance during the proof of work phase

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.