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

[coreshift]

But wouldn't the SIGT you just bought need to be deposited into your wallet? Or the SIGT you just sold be withdrawn from it and put in someone else's?

No fi that was true you wouldn't be able to sell them right after you buy. You'd have to wait for the confirmations in your wallet before the exchange would let you sell again

IDK the details. But exchanges can't work the way you're describing

Why would they need to wait for confirmations for transactions between the wallets they control? They can choose whatever number of confirmations they like before they credit or debit you. They know there won't be any problems with the blockchain accepting the transactions. But you're right in that there's more going on that maybe someone else can explain.

[altfinance]

After a couple of hours, I thought the price would go back down again. It seems to be holding at the moment above 1k sats. Let's see what happens.

[mycryptostats]

But wouldn't the SIGT you just bought need to be deposited into your wallet? Or the SIGT you just sold be withdrawn from it and put in someone else's?

No fi that was true you wouldn't be able to sell them right after you buy. You'd have to wait for the confirmations in your wallet before the exchange would let you sell again

IDK the details. But exchanges can't work the way you're describing

Why would they need to wait for confirmations for transactions between the wallets they control? They can choose whatever number of confirmations they like before they credit or debit you. They know there won't be any problems with the blockchain accepting the transactions. But you're right in that there's more going on that maybe someone else can explain.

As far as I know an exchange uses their own internal ledger to know who owns what and the exchange "owes" you those coins.
I know that ETH for example is a smart contract wallet that is generated. When it arrives it is transfered to the exchanges main ETH wallet that holds all the coins for all users. The unique wallet ID generated is just so they know who sent the coins so they can maintain their own ledger. After that the coins are collected into a single wallet.
When you withdraw funds it is taken from this main account.

https://mycryptostats.com

[BellicoseBenny]

But wouldn't the SIGT you just bought need to be deposited into your wallet? Or the SIGT you just sold be withdrawn from it and put in someone else's?

No fi that was true you wouldn't be able to sell them right after you buy. You'd have to wait for the confirmations in your wallet before the exchange would let you sell again

IDK the details. But exchanges can't work the way you're describing

Why would they need to wait for confirmations for transactions between the wallets they control? They can choose whatever number of confirmations they like before they credit or debit you. They know there won't be any problems with the blockchain accepting the transactions. But you're right in that there's more going on that maybe someone else can explain.

Uhhh these wallet problems should show you they don't know that for sure

They could do it that way, again i don't know.

But I would say that's obviously inferior to just crediting and debiting it as you suggested. Makes no sense to have all the coins on the exchange in separate wallets for each account.

Edit - and the transaction fees. . . makes no sense

[mycryptostats]

But wouldn't the SIGT you just bought need to be deposited into your wallet? Or the SIGT you just sold be withdrawn from it and put in someone else's?

No fi that was true you wouldn't be able to sell them right after you buy. You'd have to wait for the confirmations in your wallet before the exchange would let you sell again

IDK the details. But exchanges can't work the way you're describing

Why would they need to wait for confirmations for transactions between the wallets they control? They can choose whatever number of confirmations they like before they credit or debit you. They know there won't be any problems with the blockchain accepting the transactions. But you're right in that there's more going on that maybe someone else can explain.

Uhhh these wallet problems should show you they don't know that for sure

They could do it that way, again i don't know.

But I would say that's obviously inferior to just crediting and debiting it as you suggested. Makes no sense to have all the coins on the exchange in separate wallets for each account.

Edit - and the transaction fees. . . makes no sense

Yes agreed, the transaction fees are probably the biggest factor to avoid operating this way. Didn't think about that.

https://mycryptostats.com

[coreshift]

But wouldn't the SIGT you just bought need to be deposited into your wallet? Or the SIGT you just sold be withdrawn from it and put in someone else's?

No fi that was true you wouldn't be able to sell them right after you buy. You'd have to wait for the confirmations in your wallet before the exchange would let you sell again

IDK the details. But exchanges can't work the way you're describing

Why would they need to wait for confirmations for transactions between the wallets they control? They can choose whatever number of confirmations they like before they credit or debit you. They know there won't be any problems with the blockchain accepting the transactions. But you're right in that there's more going on that maybe someone else can explain.

As far as I know an exchange uses their own internal ledger to know who owns what and the exchange "owes" you those coins.
I know that ETH for example is a smart contract wallet that is generated. When it arrives it is transfered to the exchanges main ETH wallet that holds all the coins for all users. The unique wallet ID generated is just so they know who sent the coins so they can maintain their own ledger. After that the coins are collected into a single wallet.
When you withdraw funds it is taken from this main account.

https://mycryptostats.com

That makes sense. But what, exactly, needs to be rebuilt and resynced if the unique wallet ID's are just transitory addresses & there's an internal ledger for a single "communal" wallet? Maybe I'm just overthinking it.

EDIT: I guess they're rebuilding and resyncing their "communal" wallet (and all the addresses) while maintaining the ledger of internal transactions. It's not about users' wallets at all. Took me a while to wrap my head around it.

[Igorillo]

bitcoin-down, Signatum-up!
 

[beni1107]

Inspiration for devs to keep on the good work! FUCK YEAH!

[cryptobaht]

Well if what Cryptopia guys are saying about sigt wallet is true it'll be last drop for me. So far we have a "marketplace" that looks as if it was drawn by a drunk amateur student and is totally not functional, buggy web wallet that works only occasionally and now this. All questions to devs are answered in standard "fuck off, it's beta" manner by doc. And nothing that's done for the coin by community members is getting any reward from doc and his team. More and more looks like some kind of a sigt's witnesses club.

[e6ug]

Well if what Cryptopia guys are saying about sigt wallet is true it'll be last drop for me. So far we have a "marketplace" that looks as if it was drawn by a drunk amateur student and is totally not functional, buggy web wallet that works only occasionally and now this. All questions to devs are answered in standard "fuck off, it's beta" manner by doc. And nothing that's done for the coin by community members is getting any reward from doc and his team. More and more looks like some kind of a sigt's witnesses club.

can always tell when someone bought high and sold low 

[Mercedes]

It's nice to see the SIGT price rise again.For all the people who have been complaining about SIGT and not seeing the future of the coin, once you have made some profit, you can sell all the COINS but i will trust sign ,and will hold a long term.

[project earth]

where are our market "experts"

[Halcyon Days]

Glad to see, the coin on the rise. Let's see how it goes from here.

Is there any comment by the devs regarding the following quote? If so, this issue has to be resolved as soon as possible.

Can we get a answer from the DEV's on WTF is going on with Cryptopia, this is total horse shit. This it hold coins captive what gives them the right to hold our coins!

The following quote is from (un)official cryptopia thread

https://bitcointalk.org/index.php?topic=1669443.msg21913121#msg21913121

@dodopool - We've been working with the SIGT team to deal with these problems which are with SIGT and not with Cryptopia. The SIGT wallet wasn't designed to work on an enterprise level and so it has major problems no matter what kind of hardware we put on it. You're right that your wallet with a few addresses and a handful of transactions will sync in a manner of hours. But if you have tens of thousands addresses with over a million inputs and you're wallet was involved in up to 50 transactions per block since it was listed... then it's a slightly different story. Since 2 of the 3 wallets that were importing our keys have corrupted their leveldbs, we're assuming plan A isn't going to work. Plan B is to gonna be to import the keys a few hundred at a time so we can consolidate the inputs back into our hot wallet so that users can withdraw and we can delist.

did you try asking yobit how they solved this? or novaexchange?

these problems which are with SIGT and not with Cryptopia

I am fairly certain when it works on other exchanges and not cryptopia, it is a problem with your excange

[altfinance]

Well if what Cryptopia guys are saying about sigt wallet is true it'll be last drop for me. So far we have a "marketplace" that looks as if it was drawn by a drunk amateur student and is totally not functional, buggy web wallet that works only occasionally and now this. All questions to devs are answered in standard "fuck off, it's beta" manner by doc. And nothing that's done for the coin by community members is getting any reward from doc and his team. More and more looks like some kind of a sigt's witnesses club.

I've been logging regularly in the SIGT Telegram and Discord channel. I saw Doc answering questions when asked nicely. He answers furiously to obvious assholes and fudders. Yes, the web wallet is beta, as they clearly stated when it was test launched. You expect it to be bug free? Duh? If you are a community member and you volunteered for a task, why would you expect a reward? Unless you don't know the meaning of a volunteer.

You're just wasting your time. Just sell your coins and get out. It's obvious you don't believe in the devs, SIGT community and the coin's potential.

[org0x004]

What happened to Yobit? Blockfolio shows 3501sat a few hours ago! And this change didn't reflect in cryptopia....

[Boriss]

Anyone know the reason for the massiv Price increase past hours?

Massive increase?
U didnt see nothing yet.



Winter is coming.... POS time

[Sulfurath]

I believe it would be in Cryptopia's interest to make accounts or wallets holding SIGT, stakable to retain their clients, since Yobit are on the scene and probably more soon.

[ivan44]

Can it be transferred SGT Cryptopia>Yobit?

[thienthanb]

Can it be transferred SGT Cryptopia>Yobit?

Now that is impossible

[Kennedy]

Can it be transferred SGT Cryptopia>Yobit?

Now that is impossible

i think Cryptopia and Yobit are too small ,i didn't want to trading there , hold my sign in my wallet ,watting for bitrrex or polo