The fact that someone is doing something new shouldnt be considered a scam...
But they are not doing something new. This whole "chuck another algo in" act isn't new, it was being done three years ago on numerous copy-pasta coins which were being launched every other minute.
Wouldnt be Ethereum a profitable enough coin to create asics for?
No because Ethereum has always had the goal of switching to PoS at some point. No hardware manufacturer would take the risk of developing and manufacturing an ASIC for it.
The fact that you need to attack other users ( calling them nobbs, scammers, bots, etc )
Those terms aren't used as ad-hominem, they are used as factual labels to describe actual things.
1. The people perpetuating this scam are scammers
2. The people perpetuating this scam are obviously using trading bots to create fake volume
3. The only people falling for this are newbies to cryptocurrencies, otherwise known as 'noobs'.
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...
Which part of the fact that you can cheaply buy white-label scripts and code to create these things sounds like these people must be legit because they 'created' these things?
1. Zero innovation
2. Absurd hype about utterly pointless 'ASIC resistant' algo for mere 100-day PoW phase
3. Whitepaper which contains nothing of substance other than hyping the pointless algo
4. Insanely high trading volumes for a coin with zero innovation or tech
5. A forum thread with numerous sock-puppet shill accounts which routinely post 'inside information' encouraging people to buy into this nonsense coin
If it looks like a duck...
Well if its not something new, and you say it was done 3 years ago, I wasnt around at the time so i cant tell... But if could please name me a few and give me some references soo i can research about it i would deeply apreciate it, soo i can investigate and get to my own conclusions...
Regarding the Ethereum point, i was going to ask you were exacly did they mentioned on their whitepaper any POS consensus mechanism ( because i have never found any reference for that in the whitepaper ), but i think we will get off topic...
Those terms aren't used as ad-hominem, they are used as factual labels to describe actual things.
1. The people perpetuating this scam are scammers
2. The people perpetuating this scam are obviously using trading bots to create fake volume
3. The only people falling for this are newbies to cryptocurrencies, otherwise known as 'noobs'.
Again this is your opinion based on NO EVIDENCE AT ALL...
Which part of the fact that you can cheaply buy white-label scripts and code to create these things sounds like these people must be legit because they 'created' these things?
1. Zero innovation
2. Absurd hype about utterly pointless 'ASIC resistant' algo for mere 100-day PoW phase
3. Whitepaper which contains nothing of substance other than hyping the pointless algo
4. Insanely high trading volumes for a coin with zero innovation or tech
5. A forum thread with numerous sock-puppet shill accounts which routinely post 'inside information' encouraging people to buy into this nonsense coin
If it looks like a duck...
1. Can you please show me a coin before Signatum using these hashing functions?
2. Has far has i remember ( and aparently i have been around on this thread longer then you ), there was never a hype about anything related to asics... There was YES related to the development beeing done ( Market PLace and Web Wallet ) and speculation regarding the short POW time...
3. Again i have to say i agree with you... The whitepaper does NOT reflect in any way the work done so far on the coin...
4. Is that a scam evidence? So your telling me just because there is a big volume on a certain coin that has to be fake volume? How can you even say something like that knowingly you cant prove it?
5. Again with such a high number of users coming in everyday from the last maybe 1 year until now, how can you tell they are shills? Again its your opinion with no evidence... I respect but i dont have to accept your opinion based on no evidence has true...
" If it looks like a duck... " It could also be a swan...