Quote from: nsummy on November 25, 2017, 08:18:18 PM

Quote from: Chromexnet on November 25, 2017, 05:51:58 PM

Quote from: nsummy on November 25, 2017, 07:55:32 AM

I'm finally catching up on the last few days posts and this shit is golden! I hate to take credit for debunking this scam, but it seems like my posts caused people to finally look into this scam. Really the best part of this all are the people who defended this coin after my posts, and now they are suddenly silent after the terms of the coin swap have been changed. I'm sure the devs made a killing on the SIGT run though! And to add insult to injury, the swap information is still not in the announcement! This is the first time I have ever seen github used as a a platform to announce coin information over a website or forum. In the end though, I'm glad that the people mining this quickly saw the scam, and the idiots still holding sigt got fucked. Trusting any venture that is related to sigt would be like buying a new currency created by Nicolas Maduro

Oh please, you were complaining about Straks mining not being profitable because of the Sigt swap. In fact your exact words were:

Quote from: nsummy on November 24, 2017, 01:01:27 AM

LOL coming from someone with -4 trust. The fact that you can buy another coin for a swap cheaper than mining shows how unfair this coin is. If its cheaper to buy another coin who is going to mine it? If its not mined, how does the blockchain move? A coin swap in this case literally serves no purpose other than to pad the wallet of bagholders. Say what you want, but certainly the devs are holding a significant amount of SIGT. And if they are not, they are complete fucking idiots, because this coin will never be more valuable than 4x the value of SIGT, which is essentially worthless. Imagine what would happen to the value of the American dollar if the government announced that it would start exchanging $1 for 4 Venezuelan Bolivars.

Now after the latest announcement the situation has changed; it became clear that the coins from Sigt swap will not immediately flood the Straks market. That's a good sign for Straks and means the value of Straks can go much higher. It also means the profitability of mining is much better. In essence you got what you asked. But you're still here complaining. Huh

Btw, the swap information is present in the annoucement since yesterday, see update UPDATE - 24th November.

I was also surprised by the latest announcement. It means people who own Sigt can't immediately get their money back. Six years is a long time to wait. I can understand many people are upset because of that. I agree the devs should have clarified the details of the swap sooner. Then again, people assumed a swap means an instant swap. I admit I was one of them and did profitability calculations based on it. However, I still think you can make profit by buying Sigt. You can think it's like an investment to an ASIC miner. An ASIC miner has a fixed upfront cost and in return you get specific coins back each month until the ASIC miner becomes outdated. In the same way you can now buy Sigt coins (upfront cost) and in return get Straks coins back each month for six years. The profitability depends on how much you pay for Sigt and what's the value of Straks in the future.

Yet the devs would have done nothing if I hadn't brought this to everyone's attention. They got caught red handed and had to make a change. It really doesn't matter what time period the swap happens over, this coin was dead on arrival. Its been exposed as nothing more than a pump for SIGT. And once the devs get all of this sigt, what is stopping them from just selling it back on the exchange? Too many red flags with this coin. Important and basic information is missing from the bitcointalk announcement. Missing from their website, missing from facebook missing from Twitter. We are forced to get our info from the Signatum 2.0 thread, github or discord.

And yes you are right, there is a link to the swap change in the 2ND post, not the first. The ironic thing is that there is still no mention of the original swap. Its like they are giving updates on non-existent information.

Yes, I'm sure the devs were forced to come up with this plan in just a few hours after your speculation. Roll Eyes

It's not like it takes any time to prepare all the materials, tables, graphs, execution plan, bot info, etc.

FYI, the swapped Sigt coins will be burned. That's also mentioned in the swap information if you had bothered to read it. So no, the devs can't sell it back to exchange. And what original swap - this is the original swap! The only things that were mentioned is that there's going to be a swap, ratio is 4:1 and full details will be given later. People made assumptions about the swap (me included) that turned out to be incorrect.