Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine
by
Epicyclic
on 21/09/2017, 12:43:04 UTC
Your number 1 claim is that the only feature been hyped on this "shitcoin" is the asic proff capability wich in your eyes is a smoke screen for the hype... Well i have some questions... Isnt it true? Isnt this algo Asic resistant? Lets say all the other possible future coins that use this algo will benefit from that or no?

So what if other coins were to use that algo? That doesn't benefit this coin.

Do you understand what ASIC-resistant actually means? It is simply down to whether the component parts of a dedicated ASIC mining device for that algorithm would be sufficiently profitable to assemble and produce to mine a coin efficiently. If a full-time PoW coin has a very large market-cap and high value for a sustained period of time then market forces dictate than an ASIC miner will ultimately be produced for that algo.

In any event, it is irrelevant, my point is that the whitepaper, which is absent ANYTHING of substance, is almost entirely dedicated to talking up the ASIC resistance as its innovative tech when it is only going to have a 100-day PoW period. There is absolutely no reason for its brief PoW algo to be the mainstay of it supposed tech.

That is where you and every other FOMO-suffering noob are being conned.

As for:
Regarding this point 1 i think you are forgetting a couple important things... Marketplace and Webwallet both are live in beta version so people can use it and see it...
So what? Cut-and-paste 'features' of most other shitcoin scams.

Most of the code for these things is simply bought for a few bucks and re-skinned.


Well in all fairness nobody is being conned, as you say "ASIC-resistant actually means? It is simply down to whether the component parts of a dedicated ASIC mining device for that algorithm would be sufficiently profitable to assemble and produce to mine a coin efficiently"

As POS is 100 days then the answer to this is no, subsequently defining by a marketing standard, that yes the coin is ASIC-resistance.