Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Signatum - New Algorithm - Fair Launch - No Premine
by
SlowGrowth
on 21/09/2017, 12:59:47 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 your right it might not benefit this coin in particular but sure does benefit the whole crypto space, that is a continuous experiment and nobody knows what will the end result be...

The fact that someone is doing something new shouldnt be considered a scam... I know what Asic resistant means, soo you are implying that asics could be built easely for this algo if it becomes profitable enough, am i right? I have another question for you... Wouldnt be Ethereum a profitable enough coin to create asics for? its been around how long without it? The fact that you imply that argument has a scam makes no sense at all to me... ( even if both algos use different hardware resources )

Until now the only tangible criticism i heard from you is the whitepaper that in fact could be more up to date with all the development done so far...

The fact that you need to attack other users ( calling them nobbs, scammers, bots, etc ) has a way to convey your only real criticism about the whitepaper is very limited from you...

Regarding the fact that the code was bought or not ( your the one implying it so im assuming you have done this multiple times in the past ), i dont see many coins that after 2 months of existance have such real aplications for them, not even arguing the potencial use cases of every coin, the fact is that Signatum has built aplications for their coin and to me that is a good sign that they want to keep working and improving their use cases...

To summarize, the only real criticism, and i have to agree with you, is that the whitepaper needs to be improved to match the work beeing put into this coin until today... The rest of your points its seems to me your holding to words and semantics in order " prove " your scam accusations...Nothing more...