[ANN] Signatum - New Algorithm - Fair Launch - No Premine

[TMacLaughlin]

Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake? 

This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue. 

if interest is paid hourly, as has been stated, it must be recorded on the block chain.

If I am reading the main.h correctly then the maximum space for transactions is 100000 bytes per block. 

From Bitcoin an outgoing transaction is about 34 bytes.  I am assuming Signatum is similar.

So a max of roughly 3,000 transactions per minute or 180,000 per hour

5% interest compounded hourly is 0.00000570

In order to collect the minimum amount of 0.00000001 hourly an account needs to stake 0.00175439 Sig.

Minimum Stat required to create 180000 interest bearing accounts. 
2116  = 315.7902 transfered + 1800 (Tx Fees)

Since it looks like a single wallet can stake multiple accounts wouldn't this be a trivial script and $200 to kill the chain with interest transactions? 

[gurumeditation]

Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake? 

This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue. 

if interest is paid hourly, as has been stated, it must be recorded on the block chain.

If I am reading the main.h correctly then the maximum space for transactions is 100000 bytes per block. 

From Bitcoin an outgoing transaction is about 34 bytes.  I am assuming Signatum is similar.

So a max of roughly 3,000 transactions per minute or 180,000 per hour

5% interest compounded hourly is 0.00000570

In order to collect the minimum amount of 0.00000001 hourly an account needs to stake 0.00175439 Sig.

Minimum Stat required to create 180000 interest bearing accounts. 
2116  = 315.7902 transfered + 1800 (Tx Fees)

Since it looks like a single wallet can stake multiple accounts wouldn't this be a trivial script and $200 to kill the chain with interest transactions? 

Not sure interest will be paid hourly, where did you read that ?

[TMacLaughlin]

Would it be possible for someone with 2116 Sig to kill the block chain when it gets to proof of stake?  

This is not my area of expertise, but if my numbers are within 4-5 orders of magnitude this is a critical issue.  

if interest is paid hourly, as has been stated, it must be recorded on the block chain.

Not sure interest will be paid hourly, where did you read that ?

I believe I read it somewhere on here.  Page 10 of the white paper actually says it is paid every 5 minutes.  

A 5 minute payout would be 0.0000004756 so 0.02102608 Sig per wallet, but you would only need 15,000.  15,000 * 0.02102608 + 150 = 465.3912

Main.cpp sets

Code:

nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8)

From what I can tell it simplifies to "nCoinAge * 13689"  All the math is e-8, but if nCoinAge is the mature coins and it runs every 5 minutes then this is a 1400% return.  

Hopefully I am wrong.  

Edit: Fixed exponential.

[habeas_corpus]

Draining! Urgently sell! The price will fall to 300sat.

OMG, Jesus Chris, better do what this guy says. Quick! The coin is dying and we will probably loose everything in the next 16 seconds. I can feel the vital signs fading. The room suddenly got colder and the presence of supernatural is in the air. Sell, sell, sell! LOL

/sarcasm

Are you sure?
The stats on the website whentosell says 24 seconds.  Why is there a discrepancy?

[CoinMin3r]

Draining! Urgently sell! The price will fall to 300sat.

OMG, Jesus Chris, better do what this guy says. Quick! The coin is dying and we will probably loose everything in the next 16 seconds. I can feel the vital signs fading. The room suddenly got colder and the presence of supernatural is in the air. Sell, sell, sell! LOL

/sarcasm

Are you sure?
The stats on the website whentosell says 24 seconds.  Why is there a discrepancy?

Don't fall into this fudding trap.They are just looking for the weak hand and targeting them as their prey with those FUD.

[corrado25]

Bittrex when ? )

[oisilener1982]

Bittrex when ? )

Most likely Never. The volume @ cryptopia is Low and the Price is only @ 1400 Sat

SIGT almost have 800 BTC volume at cryptopia but now we have 37 BTC volume per day because of the Crow

[IntelligentIdiot]

Those doomsayers are looking for ways to devalue the  coin. They would not succeed. They are trying to find ways to make value of coin so low they could mass buy it.

[Alastord]

Those doomsayers are looking for ways to devalue the  coin. They would not succeed. They are trying to find ways to make value of coin so low they could mass buy it.

500 Sat and go Pump!

[yunihuni]

That coin never go to the moon. Wake up guys.

[suilow1991]

That coin never go to the moon. Wake up guys.

yea yea, we here like to dream. So what, bite me
we don't need you to tell us whether or not the coin will go to moon, and also teach us what to do.

[manti93]

That coin never go to the moon. Wake up guys.

Nie pójdzie na księżyc ale pójdzie na słonce !

[abdulmad]

Those doomsayers are looking for ways to devalue the  coin. They would not succeed. They are trying to find ways to make value of coin so low they could mass buy it.

Pretty much, old trick in the book, spread FUD and hoping the price tank because of mass dump. Its been trading ok over the weekend,  not so many wild swings as before so probably showing signs of a bit of stability.

[el3f]

https://m.youtube.com/watch?v=sOUL3tsrvV0&feature=youtu.be

[harvw]

https://m.youtube.com/watch?v=sOUL3tsrvV0&feature=youtu.be

Liking this project more and more....

[SH777]

the thing is miners don't sell their coin they just holding it for the future that is why very low volume

[CoinratZ]

Major dump going on. Time to buy more.

[jootn2kx]

Major dump going on. Time to buy more.

Maybe better price to buy in around 600 - 800 satoshi or even lower

[JayyCee]

Signatum - where shopping becomes a problem.

This is what i see on the main page ( page 1 ) and also on the youtube video. Does anyone else think that's bad placement of wording? Its like saying your'e gonna have a problem with using the site? Shouldnt it say " Signatum - Shopping made easier " or something ? thats a much better slogan. Even if its not meant to be a slogan, it comes accross as one. Despite this good job devs.

[Hazcat]

anyone able to help with mining here.  Im trying to set up one of my rigs to mine sigt but this is what im getting

http://prntscr.com/gb4asx

Any ideas?

RX580s