Who does this scam accusation concern?The 'SIGT' Signatum coin project.Why is it considered a scam?Because it bears all the usual hallmarks of every other shitcoin pump and dump operation that has gone before, from forum accounts routinely posting false claims of 'insider news' about major industry interest, to insanely high trading volumes on YoBit exchange which are abnormal for a coin lacking in any useful tech or innovation.
It was launched in July off the back of claimed technical innovation:
But the only feature it apparently has is a supposedly 'ASIC resistant' algorithm which, as any person knowledgeable in cryptocurrency would know, is only relevant for coins which are pure Proof-of-Work (PoW) based. This coin, however, has but a 100-day period of PoW before it is due to switch to Proof-of-Stake (PoS), which means the entire basis for its claims towards innovation are utterly irrelevant.
Its 'whitepaper' is devoid of anything of substance, bar for the repeated reference to said 'ASIC resistant' algorithm and is, clearly, merely designed to fool those new to this field into believing it to be a coin with technical and potential value.
In its OP it also attempts to claim that a 'user' (not a 'team member') has written an article on it, in an attempt to imply again industry interest which doesn't exist. That 'user', however, and their website, is simply just another layer of the fraud:
WhoIs: Cryptovore.com
Domain Name: CRYPTOVORE.COM
Registry Domain ID: 2131504319_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL:
www.publicdomainregistry.comUpdated Date: 2017-06-07T09:00:01Z
Creation Date: 2017-06-07T08:59:59Z
Registrar Registration Expiration Date: 2018-06-07T08:59:59Z
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com
Registrar IANA ID: 303
Domain Status: clientTransferProhibited
https://icann.org/epp#clientTransferProhibitedRegistry Registrant ID: Not Available From Registry
Registrant Name: Domain Admin
Registrant Organization:
Privacy Protect, LLC (PrivacyProtect.org)
So a private domain sets up a blog only a few weeks before this shitcoin launches and advises how to mine this coin as well as posting 'exploratory' analysis of just why this coin is totes legit and should be mined/bought:
Don't forget to note how this is from a 'user', right?
Very detailed info about Signatum & mining written by user Dan Jensen
But of course it is actually from one of the 'dev team' as nobody outside of scammers and noobs would give this bullshit 'innovative' coin a passing glance
Its
ANN thread Is currently being swamped by scammer sock-puppet accounts attempting to bury this information exposing it as an obvious pump-and-dump scam, which of course simply serves to prove it is not a legitimate project.
Avoid at all costs and, more importantly, learn to spot the signs of these scams, they aren't exactly subtle but newbie FOMO and inexperience means that these scumbags are often able to fool many into parting with their bitcoin to buy or mine-and-hold these useless coins.
At some point (last night) I almost believed in your words in signatum announcement that this is scam and nearly transferred half of my mined coins to be sold in YoBit.
Luckily you spam like a 10 year old with three + accounts and it clearly suggests that you are not a clever or trusted person and most likely have health problem. Everybody can speculate and that is what you are doing. You do not provide any evidence at all, just your opinion based on paranoia?
Why you are confusing people ? Did somebody pay you to do it? If you have a health condition you should check it out, because sitting by PC all day and spreading fud will not make it better..
Few days ago I was reading a post with a headline "London Socialite Missing For Almost Two Years Found Sleeping Rough In Milan"
Poor woman had a health condition called
"schizoaffective disorder". I think you should have your brain checked out - just in case you image yourself as a crypto policeman. Here is copy paste from that post as evidence that you most likely have mental problems:
"....begun to suffer from schizoaffective disorder in her mid-20s and was cared for by her parents until they both died five years ago. It adds that Lak would often refuse her medication in the belief it was poisoning her.
Signs of her illness apparently began to manifest in 2011 when she opened a new Facebook profile calling herself Princess Ariane Lak.
She claimed to be a descendant of the Iranian royal dynasty the Qajar Monarchy and the Royal Highness of Caucasia and a Frank Princess to Europe with millions of followers worldwide.
Mental Health charity Mind lists some of the symptoms of schizoaffective disorder as delusions that one is very powerful and has special insight, divine experiences or magic powers. The Royal College of Psychiatrists adds sufferers can experience episodes that are combinations of both psychotic and bipolar symptoms.
According to the NHS, it may occur just once in a persons life, or come and go and be triggered by stress."
Hope this will open your mind to treatment
