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

[Crate Mayne]

So forgive the naive question... But what is the point of the whole privacy aspect, when in the end you'll be shipping a product to a name and an address? Is the whole selling point simply the fact that you can launder money into goods through the marketplace? Or what am I missing here?

While great to see the marketplace up and running, think I'm still in the camp of people that was glad to have cashed out near the tops (4500, then 1900 other day). Might start mining/trading again if I see price action reflect marketplace launch, but just not really convinced the coin is anything more than proof of concept and initial hype. I'm also mining with AMD, so it's much easier for me to decide to walk away from mining this coin haha.

[pr0ximus]

So forgive the naive question... But what is the point of the whole privacy aspect, when in the end you'll be shipping a product to a name and an address? Is the whole selling point simply the fact that you can launder money through the marketplace? Or what am I missing here?

This applies to every e-commerce service out there. How else can a product be sent or received. Speaking about privacy in signatum, the official site says "The Signatum project offers full anonymity to users as a free selected service by offering completely anonymous nodes that do not track or forward origin IP addresses while utilizing TOR exit nodes to protect themselves. The websites and block chain explorers do not keep track of access logs (they have been disabled)". So there you go.  

[HEvangelista]

I like to ask, on this marketplace website. Can I sell digital goods even if I only own a signatum wallet and I don't have any signatum in my wallet? Maybe a stupid question but I would  like to clarify this. I will visit the site later on to chehk and most likely to participate.

[SunStruck]

I like to ask, on this marketplace website. Can I sell digital goods even if I only own a signatum wallet and I don't have any signatum in my wallet? Maybe a stupid question but I would  like to clarify this. I will visit the site later on to chehk and most likely to participate.

Yes and Yes , welcome aboard

[noobmining]

Nice job on the Marketplace. browsing as i type 

[altfinance]

Among the other altcoins, is there a similar market like the SIGT market?

[sketron1]

So forgive the naive question... But what is the point of the whole privacy aspect, when in the end you'll be shipping a product to a name and an address? Is the whole selling point simply the fact that you can launder money through the marketplace? Or what am I missing here?

This applies to every e-commerce service out there. How else can a product be sent or received. Speaking about privacy in signatum, the official site says "The Signatum project offers full anonymity to users as a free selected service by offering completely anonymous nodes that do not track or forward origin IP addresses while utilizing TOR exit nodes to protect themselves. The websites and block chain explorers do not keep track of access logs (they have been disabled)". So there you go.  

Dark web sites where goods are bought/sold go about this by using encryption for all messages which include sensitive information.  There are many tools out there for this type of thing.  One such tool that comes to mind is gpg4usb, but there are many.  A site would only need to provide the option of communication via encryption.  This is most conveniently done by a buyer/seller having a public encryption key so the party encrypting the message can make it only readable by the other party for which the public key is assigned (decrypted using their private key).

[sketron1]

I don't think it's been realized by the community the gravity of the situation now.  Case in point, I just sold a laptop earlier this week for $750.  Ebay took their cut, then paypal took theirs.  In the end I'll get less than $700 out of the sale.  This site eliminates those two middle-men and replaces them with the 0.15% fee paid by the buyer (stated on Marketplace homepage).  Depending on how quickly the devs can spruce up the site and add more functionality, as well as how far ahead of other cryptocurrencies they can remain, this could be huge!!

I just did a 30 second search for other marketplaces and Coinsen came up.  They accept multiple coins, but I see a whopping 7% seller fee plus a 1% withdraw plus miner fee.  That's right up there with Ebay+Paypal fees.

Also, nothing would stop an open-minded entrepreneur from starting a Tor site such as "Signatum Dark-Marketplace" that could easily replace all the others on the dark web.  The privacy is already built into SIGT like Bitcoin never was so a coin tumbler (and associated fees) would not be needed.  Methinks the future is bright (or "dark") for SIGT, I'm holding all my coins no matter what now.

[IntelligentIdiot]

If the eventual goal of the marketplace site is to eliminate these middle men, how can we assure that the exchange of goods will be fine and not met with any possibility of being duped or scammed? Sorry I am new to crypto marketplaces but is there something similar to an escrow for these kind of market websites? You know to prevent from being scammed on both the merchant and the consumer side.

[SunStruck]

Once the sigt marketplace will go out of beta , it will have escrow (thats where the fee is used for).

[Crate Mayne]

^^ They do use escrow for it.

And then to continue on with the question I had that got a few answers (thank you)... Why have the marketplace be tied to a coin though? As in I understand why a coin is used, just like why Sia uses a coin (decentralization)...

But wouldn't the marketplace find itself stuck with the same problem Sia has for its sellers (hosters), where because coins are volatile the seller might have listed their laptop at $750 (in whatever amount SIGT that equals), but then get less than they expected in the end?

You might list at $750 worth of SIGT, but if coin crashes 30%, that's a lot of money out the window that you didn't expect to have happen when you finally sold the item.

So is there in place (or plans to implement) some kind of auto scaling list price?

Sorry if that question potentially has an easy answer as I didn't dig too deeply into checking out the marketplace yet. But that's just the glaring issue with these type of fiat linked cryptos.

[sketron1]

Currency volatility was an issue on these other sites as well, although it's somewhat extreme with SIGT at the moment due to its being so new.  I'm sure once the volatility decreases and/or the value steadily increases it won't be so much an issue.  Sites that used BTC had sellers adjust prices manually add they didn't have any automated corrections.

That's definitely an interesting idea though. The market could even provide the seller an option of price corrected listings or "brave the market" listings where one could win or lose depending on how the coin value changes.

[Crate Mayne]

Currency volatility was an issue on these other sites as well, although it's somewhat extreme with SIGT at the moment due to its being so new.  I'm sure once the volatility decreases and/or the value steadily increases it won't be so much an issue.  Sites that used BTC had sellers adjust prices manually add they didn't have any automated corrections.

That's definitely an interesting idea though. The market could even provide the seller an option of price corrected listings or "brave the market" listings where one could win or lose depending on how the coin value changes.

No doubt, thanks. Yeah that's just the big hurdle to mass adoption for these type of things. Like enterprises don't want to throw money at Sia not knowing what the hell they are actually paying, and hosters also don't want to host for well below what they actually expected. They need one more layer of development where there's some type of actual currency pegged to it. All fine and dandy to actually pay with the coins, but it has to be a "I pay X amount and my $ just convert into coin as I sign the contract".

So same goes for SIGT. Sure some would gladly like to spin the roulette wheel with the listings... But me personally, and I'm sure plenty others, wouldn't be game to gamble what price we sell at and therefore never even bother thinking of using it. I'd like to know if the coin shits the bed in value, my listing could be changed or updated on the fly. Not worry about some hawks trying to capitalize on a nosediving coin and then swoop in to buy. Ebay has buy it now listings and minimum bid listings for a reason. But yep, we can all agree eBay blows haha.

[HUNTERxp]

Is it possible to recover password on the market?
Seems, there is no function for that.

[Trofo]

Just browsed trough the marketplace a bit. It looks nice. Let us see where the price of SIG will go now. I sold a little yesterday thinking marketplace only comes out next week and expecting price drop over the weekend. Managed to buy back with only 2% loss

Shame there is nothing for me to buy at the marketplace to test it a little.
I would consider buying the SSD which posted one of our members but I could not live farther from USA

[jp1981]

There is no movement on GitHub. What are the devs doing?

[lucifercipher]

There is no movement on GitHub. What are the devs doing?

There is checkpoint update if you look at the source. Are you expecting the marketplace source to go up? If yeah then wait for it. Its still beta.

[CoinratZ]

That market place is awesome! Great work! Sticking to the roadmap

[DADIBLAND]

It is impossible to exceed the price 2000 SAT Even in the future
 
The market is drowning in selling

[int64]

Great news. i miss my chance to buy more when price was very low.