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Author Topic: [PUMP AND DUMP] Signatum is just another clonecoin scam targeting naive noobs  (Read 4124 times)
cryptodevil
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September 22, 2017, 08:00:38 AM
 #1

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.
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It was launched in July off the back of claimed technical innovation:
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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:
Very detailed info about Signatum & mining written by user Dan Jensen
Link: http://cryptovore.com/2017/07/19/how-to-mine-signatum-sigt

WhoIs: Cryptovore.com
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Domain Name: CRYPTOVORE.COM
Registry Domain ID: 2131504319_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL: www.publicdomainregistry.com
Updated 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#clientTransferProhibited
Registry 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:
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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
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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.


Warning! Multiple ICO scams being launched through bot-posting forum threads, bought/hacked accounts and fake team profiles
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cryptodevil
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September 22, 2017, 08:00:48 AM
 #2

Apparently one of the 'dev team' for this scam is looking for someone to sell them a bitcointalk account that has to be at least older than the date of when his shitcoin was launched:
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Because there's nothing suspicious about what he might want that particular requirement for, right?

I'll give you a hint, it won't be for anything honest.

Update with today's repost of his quest for buying a forum account so he can do something fraudulent with it:
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Update with a reference example of the type of sock-puppet shill account operated by the scammers all through this thread to pump the coin:
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C'mon guys.. sell sell sell, let me keep getting these cheap coins and return a huge profit Cheesy
Just funny how ppl get scared and sell out cheap Cheesy  more for us I guess >.<

It actually looks like some ppl is artificially trying to dump the prices by inputting smaller and smaller sales orders to dump the prices and get ppl scared to the sell at these cheap prices. I'm not complaining Cheesy

Hehehe, Believe me mate.. If I had more money to invest at the moment I would definitely buy more coins. it will skyrocket pretty within very short time.
It won't be this low for long thou Smiley
Just look at the graphs, the price of the coin shows every sign to flatten out and then swing back up now.

The spiraling downward price was caused of false rumors and people dumping, The price will be at least double within very short time.



Warning! Multiple ICO scams being launched through bot-posting forum threads, bought/hacked accounts and fake team profiles
project earth
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September 22, 2017, 08:09:02 AM
 #3

ok,we now can discuss here, with all those sites,and blogs,this is a marketing move by one of the team member (crowetic or whatever,dont remember his "internet" name) he called himself a signatum leader at that time,then pumped signatum with a lot of 'info positive' moves,than spread FUD tryed to take control over coin,and dumped it to the ground.
(sorry for my english)

you worry about a lot of fake accounts defending Signatum,but you dont worry about FUDsters that have a lot of fake accounts and do FUD there,you can call a new member BOT,but FUDster with 3-4 accounts with almost same names is normal.

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September 22, 2017, 08:18:07 AM
 #4

you dont worry about FUDsters that have a lot of fake accounts and do FUD there,you can call a new member BOT,but FUDster with 3-4 accounts with almost same names is normal.

Sure, because every time a shitcoin thread is exposed for being the shitcoin the fanbois and shills scream "FUD!!!1!11!!!".

The points I raised are valid and proven, this coin has absolutely nothing of value going for it, yet it has been hyped and promoted with bullshit 'inside info' claims repeatedly posted throughout its thread and has an artificially high trading volume.

This is all so very old as far as cryptocurrency scams go. If you can't accept that you are either suffering from serious sunk-cost fallacious reasoning or you're part of the scam.


Warning! Multiple ICO scams being launched through bot-posting forum threads, bought/hacked accounts and fake team profiles
TeenHunkSuperStar
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September 22, 2017, 08:22:22 AM
 #5

Lol....scam or not I made a small fortune mining it when it first came out. I still hold a good amount in case it ever matures into something worth having. Holding pays off 90% of the time, even if it's a dead end project.
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September 22, 2017, 08:22:47 AM
 #6

Here is a link to the interview that the Signatum Team doesn't want you to hear. It is their current DEV "the Doctor" talking about how he helped manipulate another shitcoin.  

https://www.youtube.com/watch?v=T-mhEI2BF24&feature=youtu.be


Very detailed info about Signatum & mining written by user Dan Jensen

In this interview you will notice that "The Doctor" will refer to this "user" as "part of the development team right from the beginning".

https://www.youtube.com/watch?v=T-mhEI2BF24&feature=youtu.be

Lol....scam or not I made a small fortune mining it when it first came out. I still hold a good amount in case it ever matures into something worth having. Holding pays off 90% of the time, even if it's a dead end project.

Scamcoins are like a pyramid scheme or a ponzi scheme - at the end there are "bagholders" - this means that the value that is being traded will eventually end up having no value. The last person is the "bagholder" - they will loose everything. By promoting and trading a scamcoin you will eventually dupe the "bagholder". Unsuspecting newbies are often recruited to promote the coin. They will really believe in what they are doing - but their inexperience and nonobjective view based on getting only one side of the story makes them ideal pawns.

Listen to the interview and see if you still think this isn't run by scammers.

https://www.youtube.com/watch?v=T-mhEI2BF24&feature=youtu.be

The more money investors have sunk into a shitcoin, the more they will defend it. Not only to rationally increase their wealth, but to preserve the illusion.
cryptodevil
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September 22, 2017, 08:32:29 AM
 #7

Holding pays off 90% of the time, even if it's a dead end project.

No it doesn't, what an utterly arbitrary claim to make and one that clonecoin scammers rely on people to believe so they can keep encouraging them to hodl because...[insert future moon reason here]. All the while they're offloading their shitcoin for bitcoin to any sucker they can con.


Warning! Multiple ICO scams being launched through bot-posting forum threads, bought/hacked accounts and fake team profiles
project earth
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September 22, 2017, 08:34:11 AM
 #8

you dont worry about FUDsters that have a lot of fake accounts and do FUD there,you can call a new member BOT,but FUDster with 3-4 accounts with almost same names is normal.

Sure, because every time a shitcoin thread is exposed for being the shitcoin the fanbois and shills scream "FUD!!!1!11!!!".

The points I raised are valid and proven, this coin has absolutely nothing of value going for it, yet it has been hyped and promoted with bullshit 'inside info' claims repeatedly posted throughout its thread and has an artificially high trading volume.

This is all so very old as far as cryptocurrency scams go. If you can't accept that you are either suffering from serious sunk-cost fallacious reasoning or you're part of the scam.



I can not agree with you , you cant check IP and computer personal code ,to say that user is really having a lot of accounts,you cant put negative rating to newbie,just because its new account,everyone can have his own opinion,you and me also,Signatum is always on top not because ones that defend it,but because of FUDsters,because people reply to them,if you check signatum topic well,there is a very low activity when there is no FUDsters,topic is on top just only because FUD. I do not defend signatum,for me its just another coin to make money,and I already did it. If it will have future ill be happy,because ill keep small amount of coins left,If not,i really wont care,because there is a lot of coins that were good,and forgotten now.

now lest talk a little about signatum devs and you,you act same like them,with all those"shit,bot,and a lot of shittalk" if you take a part in this forum to judge people,be POLITE,because i dont like how DOC speak(i dont write a lot about it to not spread FUD) ,i think he as main dev with all his "shit gay burn" do most damage to coin reputation ,i can talk like that ,because I am simple user,you cant,because you are like "policeman" he cant,because he is FACE of his product,and when he talk like that,i see not face but other part of body that sit on toilet,same apply to you. (sorry for my english)

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September 22, 2017, 08:36:40 AM
 #9

@cryptodevil Thank you so much for the warning! Really appreciate the work you have done!

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September 22, 2017, 08:39:54 AM
 #10

Why are you saying this?

I mean, yeah, it may pump/dump. That doesn't mean it is a scam.

The only thing i can see is that you are trying to lower the price.

But, in case i am wrong and you really this SIGT it's a scam:

Did you see how big Signatum community is?

Why don't you go to Discord chat and talk with devs and staff? They are almost 24/7.

What a childish guy...
cryptodevil
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September 22, 2017, 08:42:18 AM
 #11

I mean, yeah, it may pump/dump. That doesn't mean it is a scam.

SMH.

A pump-and-dump is, by definition, a scam predicated on creating fake substance for, and interest in, a project for which there is nothing of value whatsoever in order to sell it to the gullible in exchange for their bitcoins.


Warning! Multiple ICO scams being launched through bot-posting forum threads, bought/hacked accounts and fake team profiles
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September 22, 2017, 08:42:31 AM
 #12

Holding pays off 90% of the time, even if it's a dead end project.

No it doesn't, what an utterly arbitrary claim to make and one that clonecoin scammers rely on people to believe so they can keep encouraging them to hodl because...[insert future moon reason here]. All the while they're offloading their shitcoin for bitcoin to any sucker they can con.



Okay, mister Judge. You were afraid to answer my post in oficial Signatum topic, i will repost it here.

You dont know anything about coin, you didnt even know about existing of sigt before it was listed on yobit. 95% of all coins is pump and dump for profit - what is wrong with it Huh

And the last, for example, 3 days ago i bought some sigt to buy new GPU card at sigt market place and it was very profitable (https://signatum.store/). Also great that it has escrow service.

You are not the 1st who try to start panic sell of sigt and will be no last. If you want to help the crypto world purge from scam - attack crowetic and co (or is it you?).

WTF are talking about ?

Is it a crime to have a newbie account ?

I use a bitcointalk.org as a heart of the all new altcoins ANN to search new coins to increase my profit. And almost never type messages here. To talking about crypto i have other forums. IS THIS FACT make my cryptbot/scammer/whatever u say ? I think it's nonsense, isnt it?

Obvious fact. This legendary man dont know anything about Signatum project to judge it, and here is my points why:

1. All the people, who mine signatum from the begining knows, that DEV team dont use bitcointalk at all. They are all in the discord and telegramm. The information in the 1st post is old and dev doesnt care.

2. 43 btc is a shitty low volume for sigt. Signatum got 800btc for 1 day and about 100-150 btc for a week. Of cause, this volume was made by speculations and bots - but this is how big exchanges works to make profit, there is nothing about coin itslef. All the "fake" volume in the exhanges is about exhanges itself or professional traders woth a much numbers of trading bot.

3. You are speaking something about 100day pow and asic-resistance, but the real asic-resistance is a Skunk algo actually, one more fail from your side. It's resistance cs of combining 4 different algos together.

4. It could be a scam, if dev team got any premine, while they dont. Research the first 1k blocks history of transaction and you will admit it.

5. Signatum have no purpose ? Another lie. Sigt got marketplace, willl have a masternodes, will have a signatum pay. Dev team stick to the road map.

Atleast this 5 facts make Signatum 10 times more better coin than all the shitcoins for PoW, witch was released last 2 months. And i can say it, because i read all the new ANN's on btct every fuc*ing day (beside ico, its scam^^).

So please, have a respect to people. If you want to make a FUD - do it like a professional. Prepare information, read the hystory, think about your strategy. From now you looks just like a clown, no offense.

P.S. If you try to minus my karma i will type a long post to moderators of bitcointalk with all the arguments i have to bann your account for FUD.

Best regards.
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September 22, 2017, 08:49:22 AM
 #13

Here is a link to the interview that the Signatum Team doesn't want you to hear. It is their current DEV "the Doctor" talking about how he helped manipulate another shitcoin.  https://www.youtube.com/watch?v=T-mhEI2BF24&feature=youtu.be


Every coin created is only for MONEY,not for all that bright future,man think is make Dev`s rich,one devs put a lot of work to make them rich,other less,i dont like Doc ,as I said because he is Face of his product,but acts like an ASS,but every coin is made for only thing,profit.

A lot of coins (big projects) even have a marketing team,that work with your mind,to make coin rise and make you invest in it,buy it.

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September 22, 2017, 08:50:24 AM
 #14

I mean, yeah, it may pump/dump. That doesn't mean it is a scam.

SMH.

A pump-and-dump is, by definition, a scam predicated on creating fake substance for, and interest in, a project for which there is nothing of value whatsoever in order to sell it to the gullible in exchange for their bitcoins.



Rofl, better make another 500+ Scam threads for all the other shitcoins that get pumped daily.
cryptodevil
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September 22, 2017, 08:55:35 AM
 #15

You dont know anything about coin, you didnt even know about existing of sigt before it was listed on yobit. 95% of all coins is pump and dump for profit - what is wrong with it Huh

Admitting they are pump-and-dump scams is not justification for them.

The rest of your 'facts' are utter bollocks, that is why I didn't bother answering to them.
1. All the people, who mine signatum from the begining knows, that DEV team dont use bitcointalk at all. They are all in the discord and telegramm. The information in the 1st post is old and dev doesnt care.
Doesn't change the fact of the project being a pump-and-dump scam with fake 'industry interest' and fake exchange volume for a coin with zero technical value promoting itself as 'innovative'.

2. 43 btc is a shitty low volume for sigt. Signatum got 800btc for 1 day and about 100-150 btc for a week. Of cause, this volume was made by speculations and bots - but this is how big exchanges works to make profit, there is nothing about coin itslef. All the "fake" volume in the exhanges is about exhanges itself or professional traders woth a much numbers of trading bot.
So you admit the trading volume is fake but think that's perfectly fine because...reasons.

It's still fraudulent misrepresentation for financial gain.

3. You are speaking something about 100day pow and asic-resistance, but the real asic-resistance is a Skunk algo actually, one more fail from your side. It's resistance cs of combining 4 different algos together.
It doesn't matter if it is combining 1000 algos together, 'ASIC resistance' in a 'new algo combination' for a 100-day PoW is irrelevant when there are already plenty of algorithms available to use for which ASICs do not exist. There is NO VALUE to this 'feature'. What is so hard to understand?

4. It could be a scam, if dev team got any premine, while they dont. Research the first 1k blocks history of transaction and you will admit it.

The devs mined the shit out of this coin and set about creating fake volume and fake forum posts pretending there was real industry interest in this coin. That is the scam, selling their bags of shitcoin for bitcoin! Nobody with half a brain in this industry would consider this 'innovative' coin to have any innovation of value whatsoever, they are lying to you!

5. Signatum have no purpose ? Another lie. Sigt got marketplace, willl have a masternodes, will have a signatum pay. Dev team stick to the road map.
FFS man, do some research! Every other clone-a-coin scam buys white-label marketplace and web-wallet code that they simply stick their logo on! It costs next to nothing to do and is not evidence of utility in any way whatsoever. As for 'masternodes', they are simply another way for the market-manipulating 'devs' to con you all into buying coins from them, or hodling the ones you have mined instead of selling them, in the hope you'll get a 'masternode' of some future-value for a coin which lacks ANY value.


You are being conned, grow up and accept it.


Warning! Multiple ICO scams being launched through bot-posting forum threads, bought/hacked accounts and fake team profiles
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September 22, 2017, 08:57:39 AM
 #16

its your personal opinion without any facts, Signatum has a pretty huge community and its still growing.

with all you spamposts you only make yourself more ridiculous

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September 22, 2017, 09:01:11 AM
 #17

https://bitcointalk.org/index.php?topic=1909415.0   you are the real scammer fucking cunt
project earth
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September 22, 2017, 09:03:06 AM
 #18

I mean, yeah, it may pump/dump. That doesn't mean it is a scam.

SMH.

A pump-and-dump is, by definition, a scam predicated on creating fake substance for, and interest in, a project for which there is nothing of value whatsoever in order to sell it to the gullible in exchange for their bitcoins.



Rofl, better make another 500+ Scam threads for all the other shitcoins that get pumped daily.

If you are here,and this topic is already created,lets talk about this coin,because everyone know that there is a lot of shit coins,but topic created about this coin,so we have option,protect it by facts,or leave project.

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September 22, 2017, 09:06:12 AM
 #19

its your personal opinion without any facts, Signatum has a pretty huge community and its still growing.

with all you spamposts you only make yourself more ridiculous


Naive newbie or scammer account? Because you also appear to be into that other bullshit coin the SIGT scammers promoted on their cryptovore.com website:

Dear Friends,

First of all apology  for delay in reply as every team member is very busy and we couldnt spare time to respond you. We have decided to finish every part of development before time.

Good news, We are very close to finish up the things and update as and when the final testing is over.

There are Little changes in the project therefore the publication of white paper has not been released yet.  


We are coming with a very big announcement of Virta Unique Coin, This is going to create new benchmarks in the Crypto Currency world.

The investors who have shown their faith on our project and holds VUC will enjoy the big profit very soon. We personally recommend not to sell VUC  for next 6 months. This is going to be very huge in fact beyond imagination.

Stay tuned....




sounds great, any sneak preview?

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September 22, 2017, 09:06:32 AM
 #20

I follow this coin from begin, I already made my money,and I have own picture of it, i wont tell now good or bad,because its only what i think,time will show. But its a fact that there is price manipulating,only question,by who...

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