Sigt is a scam?

Fucking kek bonsai coin.

>announces no premine
>premines blocks for "bounty"
This was the second sigt fork after guy coin couldn't even establish a network.

lol look at this pathetic ANN thread

bitcointalk.org/index.php?topic=2063736.20

wow, sigt is already so successful that it has copy cat coins
nosigts forever gonna be stuck on earth

fuck

By the way, somebody might want to ask the devs how the instamined at 32k block reward when it's supposed to be 2500.

explorer.signatum.io/address/BQ752BbGthNAzvM7u8mZpFm5EKMmD6erPL

Page 3
Also, you guys might want to go through the rich list wallets and you might find out that the top wallets aren't really different people.

This coin is smoke and mirrors.

more ridiculous FUD. don't even know how to address accusations with no proof.

>proof in the post
>BUT WHERE IS THE PROOFS
I hope that you enjoy losing all of your money to Pajeet.

Dude just look at the wallets yourself. That wallet is shady af. If block rewards are 2500 how did that one get a block reward of 32500. On top of that, that particular wallet has ties to at least 3 other wallets on the rich list

>hurr durr the rich list wallets all belong to the same person, hurrrr
yeah, lots of proof there.

Drumroll when bittrex and the "marketplace" doesn't happen, and the devs isn't anywhere to be seen on discord.

Don't say I didn't warn you imbeciles

>it's a scam cuz i said so

no proof in the post. just pure conjecture. keep bullshitting tho, its quite entertaining

He typed, while sweating bullets.

Can you click a link? Cause the proof is right there on the blockchain. He is asking a question. But go ahead and follow blindly on a coin that won't even show the lead developers face. Now why would they not show it. Hmmmmmmmmmm

Hopefully I'm wrong and people don't lose their money, but at the same time I do hope that I'm right so everyone that says FUD gets royally fucked by the devs

>frantically hitting f5 to reply to anyone that calls you out
relax user

>he only has one monitor
>he doesn't have 4chanx
these are the people who shill Signatum on Veeky Forums, folks.

>frantically hitting f5 in the hopes SIGT won't drop further

There is no proof. Just numbers for some random wallet. You claiming the numbers to be something without any actual proof, just assmad conjecture, is so fucking hilarious that I cant even

Keep trying

>Hopefully I'm wrong
So you dont actually know if you are right or not. Okay, cool
kys

Then please explain the 32500 block reward. I'll wait

Here we see the bagholder in its natural habitat. Please don't feed it.

>he treats fudding as a job

That is correct. I did my own research looking at the transactions. It raises a lot of red flags.

I have no problem admitting if I'm wrong, but I suggest you do your own research and raise the questions to the devs as well.

Whats there to explain? A transaction of a measly 32k coins? You are acting as if the devs premined (oh wait, instamined is the term you created) two million of them

Seriously, kys

Also, if your response is "kys" then I hope you won't have to resort to taking your own advice if my research does indeed come out to be true... food for thought

Purple means mined faggot. It's not like someone sent him 32500. It was mined on the same block. Go to every other purple transaction on the blockchain. They are all 2500. Except that one

because the 32k coin transaction is pink on the blockchain explorer, somehow there is a nefarious scheme afoot.

You can't even read a block explorer for a coin you are shilling this hard?
Pink means coins created. Green is transaction received. Red is sent.

Dumbass.

How would you explain that? I've reviewed the code and it doesn't look like 32.5k blocks should be possible.... yet there it is.

A transaction that represents .05% of the amount of sigt in circulation is considered a red flag to you?
Some top level research youve done there. Im sure the devs failing to answer your stupid questions about a 32k transaction in some random wallet is the ultimate proof something shady is going on!

Fuck if I knew. I would love an explanation. But the anons defending it can't give one reason.

We also looked into the code and couldn't find the specific reason for such a coin reward, but as you say, there it is.

Except it's part of a group of wallets that have sent large transactions between themselves that are part of the rich list. Is it the same person? Who fucking knows. But if you can't see this as a red flag then keep holding those bags user. I hope you aren't the next digicuck

What is your intellectual reasoning behind the instamined transaction of 32k in a wallet that's on the rich list which is also connected to multiple other wallets on the rich list?

Please explain my lord almighty one

so what are you saying? that they instamined 20 million coins and then for shits and giggles just generated 32k coins as well? for all you know it's just a harmless bug on the block explorer.

lol no logical explanation yet besides kys, bullshit, FUD, fake news, etc...

The anons making accusations cant give one thing to back up their conjecture you mean

>look at this single number, 32k means devs premined 10% of all the coins!

random question why does it show on the signatum explorer i've sent 999 siggies too an address, but it doesn't show up on my transcation history of my wallet?

explorer.signatum.io/address/BPrDDYkpnXtFsV1RVhLyrCWADrAppfXH1c

on the 3rd page.

>Who fucking knows
Obviously not you. Keep fudding.

>What is your intellectual reasoning behind the transaction of 32k in a wallet
Nothing. Its entirely irrelevant. Keep fudding.

No logical proof behind their conjecture other than "prove me wrong you cant!"
Seriously. you should consider kys'ing yourself. Keep fudding.

>yfw you realize the devs in discord don't even know how the coin works

Oh i forgot to mention i've never sent anyone 999 siggies.

He's not a dev and i know this dude... the fuck he didn't even start mining this til the 6th day.

eatbatterys isn't a dev, idiot.

Batterys is not dev / he helped with website. I wonder if it is a blockchain explorer deal. Looking @ child transactions for that txid shows 13 separate 2500 tx for newly mined blocks. Wonder if it got consolidated somehow?

my thoughts exactly. it's just a harmless block explorer bug. there is nothing to see here.

But that's not how blocks work.

the block explorer is simply showing something incorrectly, is all.

>32k transaction in random wallet means devs premined/instamined/whatever 10% of it
>posting linkedin and reddit accounts of random dude that has nothing to do with dev team, claiming him to be a developer
>posting discord screencaps of random guy that has nothing to do with dev team, claiming him to be a developer
the fuck is wrong with fudders.

they simply are jealous of the amazing progress SIGT has had as a 2 week old coin. they want to destroy it because it makes them feel better about their own lack of achievement in their pathetic lives.

This is the TX hash for the 32.5k purple addition: explorer.signatum.io/tx/3bb6c1535542905a392ec080b2fc62fc67cc642c5a7ce464dc4324c4a0098c5f

There are 13 blocks of 2500 plus another chunk of coins in that hash.

Their links are:

1: explorer.signatum.io/tx/b8485b8f6c4773f9a2fc8cf4111d23ce4ea910d7579b1b85a2f5b3bce58e4bff

2: explorer.signatum.io/tx/e72b8c2ab4382db9288b0e01e348dfd863318d9ea08cc83c52d492ce634f83ed

3: explorer.signatum.io/tx/01f16a4f4dd2b2130038d18eff4b720e25f588d8f663638353040cafdefd71fe

4: explorer.signatum.io/tx/a1ad5e9c88de3e01595b8689ddee1301024f90621f94a2d42e8c1f5ec97fcfd4

5: explorer.signatum.io/tx/b5c19ca3bf6e800a737dd67c362f673e6b635538b712eda816b46db44a935ddc

6: explorer.signatum.io/tx/bfcc5738ccd87c3ad080dcdd3cb843affc50538af7d7852c470c83b647695299

7: explorer.signatum.io/tx/aea6a3f8f5bc418e45079b77806a9f054cb81880e7672b11a10e9ae42396d3c5

8: explorer.signatum.io/tx/938e7ef205ac9849c777e34907f47b6c7693c29d52cf6844738c13b7260aa381

9: explorer.signatum.io/tx/241af864041edc41b071595223a097d91f411c10a7aafbf84893cb67bcc4208c

10: explorer.signatum.io/tx/44d5f8dc88768966b329c3d2eac71ea72a2ca062bec2b4e28e2565e6e54a697b

11: explorer.signatum.io/tx/52b55dea777f2955de86180529be0f5d18a82e4b0aae112276347b80160fd060

12: explorer.signatum.io/tx/0ad0d895491f2e85c8735697a03adb0f1fe35f36314b2ab871c6d6459f712c79

13: explorer.signatum.io/tx/2b550a2763ece9366c40e6753427767b455656d652a4af9ddc0cf4975496d758

Looks like each of the 32.5k coins were mined in separate blocks. Not all mined in one block.

Nigga I made decent money on this coin. I had a shit ton that I dumped today. On the discord some dude was asking about a transaction he never made, sigt stolen out of his official wallet and a mods answer was shit happens. Does this sound like the secure coin they are touting it to be?

and there you go. mystery solved.

lol my ass any of the happened in the discord. screenshot or gtfo.

I've been saying this for a while but no one really cares. They claim it's for "fairness" so people can CPU mine before GPU miners come in.

In the case of the clone, since they're just copy/pasting and a GPU miner already exists, then yes, it is basically guaranteed to be instamine.

Also the dev didn't make it a secret, it's literally in the SIGT announcement

...

Is that the mika from monacoin?

looks to me like SerfyWerfy is being very helpful and looking at what has happened to that gentleman's wallet.

honestly when will you FUDers give up? this is not a scam. it is a very young coin. of course there will be little bugs and issues. but it's not a grand pajeet conspiracy to steal thousands of BTC. For God's sake, take a chill pill.

This is not the place for rational discussion
Not the place at all

>explorer.signatum.io/
Even with CPU miners the first 1000 blocks went fast -

18th Jul 2017 21:30:23 to 18th Jul 2017 21:54:52 for blocks 1 - 1000
18th Jul 2017 21:54:53 to 19th Jul 2017 12:59:33 for blocks 1001 - 2000
19th Jul 2017 13:02:23 to 20th Jul 2017 06:18:09 for blocks 2001 - 3000

Still, the ANN was posted on July 18, 2017, 09:29:38 PM and there was a delay of about a minute before mining started. A number of Bitcointalk members replied to the Ann within the first 1000 blocks and said they were mining.

There was immediate mining activity for SIGT and the devs may have (I hope they did, to keep them engaged and invested) begun mining shortly after posting the ANN. There wasn't a pre-mine and no-one started mining before the ANN posted. Worst-case, the developers got all of the first 1000 blocks (doubtful) and they are sitting on around 2% of the total PoW supply.

Hope you kids enjoy getting RaptorFucked.

Yeah I was saying it might have been somewhat premined, but nobody gave a shit and I didn't care to look at the timestamps.

scroll up he posted pictures in this thread about iit also.

People already pointed out the wallets the instamine was sent to, too.

But the people defending it or ignoring it are just dumbfuck bagholders who bought at 3-4k despite everyone pointing out the coin had no purpose whatsoever and pretended that hashpower would give it value.

github.com/signatumd/source/blob/0ab61eb9a5dd74d6f43bae3d6883c64e2eb21023/src/hash.h

The raptor.fuck function is added as a mixer into the algo to enhance ASIC resistance during the PoW phase:

#ifndef BITCOIN_HASH_H
#define BITCOIN_HASH_H

#include "uint256.h"
#include "serialize.h"

#include
#include

#include "obj/skunkhash/sph_skein.h"
#include "obj/skunkhash/sph_cubehash.h"
#include "obj/skunkhash/sph_fugue.h"
#include "obj/skunkhash/sph_gost.h"
#include "obj/skunkhash/raptor.h"

#ifndef QT_NO_DEBUG
#include
#endif

Wallet was probably not the real one.

there was no "instamine". this is just FUD.

Objectively incorrect.

If asking reasonable questions on a coin is fud then man just keep throwing shit at the wall. Eventually one will stick for you mate

...

There was no insta-mine. See my post: I'm all for constructive criticism (Moon Man is usually worthwhile for this), but you're straight posting FUD.

I don't feel sorry for the stupid motherfuckers that bought this coin at 4,500 SAT before there was a road map, a whitepaper, or any real idea of where the coin was going. Speculate on something and risk getting burned. We'll see if any of them bag-hold for long enough to get un-fucked, but - honestly - what were they thinking in the first place?

I would expect a PoW coin to retail at its opportunity cost which would roughly be value of ETH or ZEC mineable in the same period / number of units mined. That's what we are generally seeing with SIGT now. Anything over the opportunity cost that isn't justified by features is fluff and will bleed off.

cram it dude. there was an early mine of very little difficulty at a time when ANYONE could have also mined. how many times does this have to be explained?

moon man IS usually very constructive. but somehow, for some reason, SIGT triggers him.

Because it's a shitcoin with pajeet devs.

>first 1000 blocks were mined within 24 minutes.

Yeah I'm sure hundreds of people flocked to download the SIGT miner and start IMMEDIATELY.

I lost respect for SIGT holders. Still haven't posted FUD though, just facts. However no matter what coin it is, retards think their cult is better than anyone else's and start coming out of the woodwork to start shilling. SIGT isn't special, just dumber cultists than most coins for some reason.

1000 blocks in 24 minutes fits the definition of instamine for me.

Depends on what fits that criteria for you. Chances are very few people other than the dev got those 1000 blocks. Most ICOs set aside far more so it's not a big deal, but saying it's NOT an instamine doesn't seem correct to me unless you bend the definition a bit.

I didn't check the wallets it was sent to, I just looked at the posted timestamps. Doesn't matter what the purpose is or who mined it, the time spam fits what I consider an instamine. Others might not care, if it was actually distributed to users.

FALSE ALARM..

im zombie.

non of my siggies weren't stolen.

no I'm zombie

Happy for you bro

I'm the real zombie. Thank you for the siggies

im selling my SIGT here, tradesatoshi.com/Exchange/?market=SIGT_BTC
sell sigt and buy CACA

>1000 blocks in 24 minutes fits the definition of instamine for me.
well that's ridiculous, moon man. 24 minutes is not instant. period.

The earlier pages are filled with questions like how do I cpu/gpu mine.

While people were waiting for the wallet to sync (which only had a single node at the time) the dev already got the wallet synced and miners ready.

It's a slippery slope. Instamine isn't premine. But the code was modified from denarius to favor instamine.

I started mining at block 800. Thats because I was experienced in mining already.

Then what do you call a premine? Just sounds like semantics bullshit to me.

so the devs should have had more than one node available???
you know maybe SIGT's launch was just too much for some in the crypto community to handle. maybe the way they launched the coin assumes a certain level of maturity that some people just don't have here.

>premine and mining after public release are the same, its just semantics
lmao what. stupid tripfag

>a near-negligible amount of time for the first 1000 blocks isn't practically the same as a premine

I don't care what you call it, retard. The net effect is the same. One is just less disingenuous than the other.

>stops responding
kek

The last time I joined any coin launches were back in 2013, the golden age of shitcoins. Back then the devs would release a wallet or an encrypted wallet before the launch to get everyone ready. They would announce the actual time of the launch. Kinda like icos nowadays.