In the example I put forward the fuel is the 1% transaction fee that converts the crypto to cash in the debit card. $500 is the maximum purchase on Crypterium? That's very bad, because people like buying laptops, cars, houses, and repairs that cost much more than $500.

I just thought of an ICO that can end Crypterium and Litepay.

1- There will be a prepaid debit card.

2- Someone from a tax free nation sends funds to the prepaid debit card when you send them crypto.

3- There is a 1% fee for that transaction. 0.5% goes to the token holders, and 0.5% goes to the person from the tax free nation sending cash.

This should all be decentralized and no one knows whose receiving and whose sending.

If an individual sends $100,000 to someone's bank account in exchange for 8 BTC, won't the bank report it to the IRS. Is there a way for a user to receive fiat anonymously?

Can you buy and sell crypto with fiat anonymously? Can you buy 1000 CNX with your fiat debit card, or transfer 7K from your bank account to the cryptonex platform? Can this be done anonymously since it is decentralized?

Yobit only has a small amount of Sigt left. Pretty soon it will be very hard to find and it will make the price go up. It's anonymous and it stakes, not much more work needs to be done. The wallet is the only problem which can be fixed.

On discord someone brought up Navcoin being better for anonymity than Sigt, does anyone know if that's true?

You wont be able to mine signatum after a few weeks anyway, is there anything else that makes signatum better? Stealth rewards 20% pos annually.

I read about a coin named stealthcoin that seems almost identical to signatum, but stealthcoin has a 20% yearly pos reward. Are they the same?

They said they'll have moderators to ban any illegal posts. But I dont see the point in them doing that, because people will just go to ebay or amazon if they wanted to be monitored. The use of a private crypto in a monitored market doesnt make sense.

I dont see the point of having a market for a privacy coin if it's going to be monitored for selling illegal things, might as well buy from amazon or ebay if I wanted to be monitored..

Thanks, good luck for you too. All the crazy things happening are a perfect storm for crypto, we are the few fortunate ones who were able to capitalize on this opportunity.

Phew, that's a relief. This coin is going to be killing it then. I sold my Safex, Verge, and cloak for Sigt.

Check out Crowetic's article he wrote on steemit.

Here's the post:

https://steemit.com/cryptocurrency/@cr0wetic/signatum-getting-voted-to-novaexchange-come-see-what-all-the-hubbub-is-about#@oxygenius/re-cr0wetic-signatum-getting-voted-to-novaexchange-come-see-what-all-the-hubbub-is-about-20170813t112015123z

Here's the concerning quote:

"The market will have moderators to protect from illegal posts, and will ban with extreme prejudice anyone looking to scam or sell illegal items via the market.

SIGT may be an anon-privacy-focused coin, but that does NOT mean it supports illegal activity. We are merely protecting the privacy of our users, allowing them their right to privacy."

The whole point of anonymous currency is to do illegal trades with it, so they're screwing it up by monitoring the market place. They should do what Safex will do and let an escrow and verified reviews and ratings help users avoid scams.

I knew Sigt was the most secure, the only thing that's annoying is theyre planning on monitoring their marketplace for "illegal" sales. Safex doesn't monitor anything, if Sigt didn't monitor their market place I'd be 99% certain they'd make the top 10 coins. If they make masternodes too then it might be able to compete with BTC and Eth.

They were arrested because they left a trail or didn't use Tor properly. There isn't anyone who got caught that took all the right precautions.

Even if they had something like that, people can just trade through a VPN of a country that doesn't criminalize what they want to buy or sell. The simple solution is to forget about the laws, let people be responsible for themselves, we don't need daddy government monitoring our victimless actions.

That's why an escrow and seller/buyer verified ratings and reviews should be used to prevent scams. Moderating "illegal" things means they will micromanage even legit transactions. Safex is anonymous and has no moderators, so if Sigt wants to compete with the chili blockchain market place, then they need to get rid of moderators.

@coiner, they shouldn't moderate what people buy and sell at all, regardless if it's illegal or not. To prevent scams they should only use an escrow and verified buyer/seller ratings.

How is it big things if theyre planning on moderating their market? Safex is anonymous and doesnt moderate their users selling/buying activity. Sigt are going to need to compete with Safex if they want to be a top coin, which means they shouldn't moderate what people buy and sell on their market.

Yeah, screw Putin if he's trying to take down Tor. Check out Crowetic's post on steemit. He says theyre planning on moderating the market and ban people for selling illegal stuff. They should do what safex does and make an escrow and buyer/seller ratings, then leave moderators out of it. Here is the post on steemit:

https://steemit.com/cryptocurrency/@cr0wetic/signatum-getting-voted-to-novaexchange-come-see-what-all-the-hubbub-is-about#@oxygenius/re-cr0wetic-signatum-getting-voted-to-novaexchange-come-see-what-all-the-hubbub-is-about-20170813t112015123z