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Question: Please choose the coin-swap mechanic you prefer. For further details regarding the logic please read the most recent update (30th October). The option that receives the most votes by Saturday the 4th November, will be the one applied to the swap.
* You get ONE coin on the new blockchain for every FOUR Signatum V1 coins you swap to the new blockchain. All Signatum V1 coins received during the swap, will be burned.
* You get ONE coin on the new blockchain for every TWENTY Signatum V1 coins you swap to the new blockchain. You will then get to keep your Signatum V1 coins in the process too and are free to trade them afterwards. Hence no coins will be burned.

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Author Topic: [ANN] Signatum 2.0  (Read 102071 times)
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hqthief
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October 26, 2017, 07:43:25 PM
 #281

I have a very simple question, I'd like to know what the community has to say about this.

Wouldn't it be a sign of good intentions on devs' part just to let people keep their original signatums during the swap process?

(btw Please don't tell me to wait for the swap announcement, there is no point in arguing the swap after things are already set in stone. )

I hope my question is not judged unnecessary, hostile, fud etc.
gurumeditation
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October 26, 2017, 08:12:33 PM
Last edit: October 26, 2017, 08:23:36 PM by gurumeditation
 #282

I have a very simple question, I'd like to know what the community has to say about this.

Wouldn't it be a sign of good intentions on devs' part just to let people keep their original signatums during the swap process?

(btw Please don't tell me to wait for the swap announcement, there is no point in arguing the swap after things are already set in stone. )

I hope my question is not judged unnecessary, hostile, fud etc.
Imo it is not an unncessary or hostile or whatever question...
I'm pretty sure it can be discussed.
But the question is : what will be the point to keep a useless dead currency ? Let ignorant people buy a dead coin just to let you dump and limit your loss ?
It is pretty clear that the original devs have abandoned the coin. If nobody has access to the core, I don't see any benefit to keep the chain alive.
If anyone can prove doc and gab have plans to develop the coin in the future, so yes, you should be able to keep your coins. But obviously it is not the case.
Better finish with all the drama and shit and make a clean new start. It will not be signatum, it sounds more like a new coin to me (different algo, PoW, masternode, different supply and goals...), but a new coin that cares about signatum holders. I am fine with it.

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hqthief
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October 26, 2017, 08:32:57 PM
 #283

I have a very simple question, I'd like to know what the community has to say about this.

Wouldn't it be a sign of good intentions on devs' part just to let people keep their original signatums during the swap process?

(btw Please don't tell me to wait for the swap announcement, there is no point in arguing the swap after things are already set in stone. )

I hope my question is not judged unnecessary, hostile, fud etc.
Imo it is not an unncessary or hostile or whatever question...
I'm pretty sure it can be discussed.
But the question is : what will be the point to keep a useless dead currency ? Let people buy a dead coin just to let you dump and limit your loss ?
It is pretty clear that the original devs have abandoned the coin. If nobody has access to the core, I don't see any benefit to keep the chain alive.
If anyone can prove doc and gab have plans to develop the coin in the future, so yes, you should be able to keep your coins. But obviously it is not the case.
Better finish with all the drama and shit and make a new clean start. It will not be signatum, it sounds more like a new coin to me (different algo, PoW, masternode, different supply and goals...), but a new coin that care about signatum holders. I am fine with it.

I don't understand how this coin cares for signatum owners. If the old owners won't be able to double dip, how can they be considered cared about?

And as of now, signatum 1.0 still has a 182 satoshi value to it, you can buy it, sell it, convert it to btc, eth whatever you want. So anyone without any prior signatum, can come now, and accumulate sigt at a very low price, at a fraction of what we believers and holders bought, and get the same 4:1 ratio conversion. This is no different than a premined coin sale, or an ICO.

I fail to see any serious priority given to previous signatum owners. The only privilege we get is we don't have to open a new account at yobit to buy sigt for the swap, since we already have an account and sigts in our wallet.

The new sigt 2.0 dev team were also devs of 1.0. They have some form of responsibility for those who expected to see doc back, as it was stated officially that he would be back multiple times in the old discord. I know they were fooled aswell, but still, they do have and obviously feel some responsibility for it, as they state in their announcement for 2.0.

While this is a well thought-out and warm mutual feeling between us and them, they fail to prove that in their action. Because more CAN be done, let us keep 1.0. If you are true to your word, 1.0 has no chance to live while 2.0 exists, and maybe we can dump some of our 1.0's and make a little extra, a small gift for those who held for long.

And as an added extra, this is a very powerful proof that the devs of 2.0 are in for the long haul.

I have been blocked in the discord channel for these very same views. Let's see what happens here.
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October 26, 2017, 09:38:13 PM
 #284

however if there is an Bitcoin Fork every Bitcoin holder gets coins for free and there is no swap   Cool

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October 26, 2017, 10:31:22 PM
 #285

o Boy, there is just too much Drama around sigt,
this seems like a never ending Story.. ive had a good read on the Website,
thanks for all the Information, sadly its all Drama and no Innovation.

lets look into the future.. im ready to swap

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October 27, 2017, 01:12:33 AM
 #286

how to swop it ?

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October 27, 2017, 06:54:46 AM
 #287

Any chance to swap old signatum coins to new signatum 2.0?
peteris-apse
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October 27, 2017, 08:07:00 AM
Last edit: October 27, 2017, 08:40:36 AM by peteris-apse
 #288

Is it okay here?
I download Wallet, but I can not synchronize.
Can I create a conf file? Where can I learn about nodes?

go to signatum.org and read the news the wallet is not syncing because the signatum 1.0 developer
is gone.

create a conf file and wallet synchronize
addnode=104.197.159.83
addnode=104.197.145.21
addnode=104.197.80.61
addnode=146.148.55.27
addnode=162.222.176.74
addnode=104.154.95.6
addnode=104.154.94.55
addnode=104.154.76.142
addnode=104.211.186.5
addnode=52.172.209.58
addnode=52.174.102.46
addnode=52.187.13.149
addnode=54.175.225.242
addnode=122.129.64.13
addnode=122.129.64.14
addnode=122.129.64.15
addnode=122.129.64.16
addnode=203.128.6.219
addnode=104.154.193.236
addnode=104.198.232.113
addnode=104.199.11.56
addnode=130.211.127.202
addnode=35.184.49.142
addnode=35.189.14.132
addnode=35.185.18.85
addnode=35.184.121.184
addnode=45.77.51.253
addnode=45.32.102.240
addnode=35.184.49.142
addnode=35.189.14.132
addnode=35.185.18.85
addnode=35.184.121.184
addnode=45.32.102.240
addnode=45.77.51.253
addnode=52.172.209.58
addnode=52.174.102.46
addnode=52.187.13.149
addnode=54.175.225.242
addnode=104.154.94.55
addnode=104.154.95.6
addnode=104.154.76.142
addnode=104.154.193.236
addnode=104.197.80.61
addnode=104.197.159.83
addnode=104.197.145.21
addnode=104.198.232.113
addnode=104.199.11.56
addnode=104.211.186.5
addnode=122.129.64.13
addnode=122.129.64.14
addnode=122.129.64.15
addnode=122.129.64.16
addnode=130.211.127.202
addnode=146.148.55.27
addnode=162.222.176.74
addnode=203.128.6.219
addnode=45.76.92.227

could someone add details here? what filename? where to put that file? which wallet to use now? i am using right now v1.0.0.0-g32a928e which seems to work. but that one downloaded from here https://signatum.org/download/original-qt-wallet/ does not sync.

OK - i did following. i copied roaming signatum folder to another computer. launched v1.0.0.0-g32a928e downloaded from https://signatum.org/download/original-qt-wallet/ (tho versions are same - design is not). and it seems it works.

there are both wallets side by side
https://www.dropbox.com/s/qt4tdz91hmjxw64/signatum-wallets.jpg?dl=0
oup59
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October 27, 2017, 08:33:19 AM
 #289

Any chance to swap old signatum coins to new signatum 2.0?


That will be the process of swapping.Not mandatory but suggested I guess. Unless you believe SIGT 1.0 will have value. When it is ready. Will be announced.
Ayers
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October 27, 2017, 08:41:05 AM
 #290

Any chance to swap old signatum coins to new signatum 2.0?


That will be the process of swapping.Not mandatory but suggested I guess. Unless you believe SIGT 1.0 will have value. When it is ready. Will be announced.

when this swap will be handled exactly? and on what exchange? cryptopia or novaexchange?

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October 27, 2017, 10:06:21 AM
 #291

Is it okay here?
I download Wallet, but I can not synchronize.
Can I create a conf file? Where can I learn about nodes?

go to signatum.org and read the news the wallet is not syncing because the signatum 1.0 developer
is gone.

create a conf file and wallet synchronize
addnode=104.197.159.83
addnode=104.197.145.21
addnode=104.197.80.61
addnode=146.148.55.27
addnode=162.222.176.74
addnode=104.154.95.6
addnode=104.154.94.55
addnode=104.154.76.142
addnode=104.211.186.5
addnode=52.172.209.58
addnode=52.174.102.46
addnode=52.187.13.149
addnode=54.175.225.242
addnode=122.129.64.13
addnode=122.129.64.14
addnode=122.129.64.15
addnode=122.129.64.16
addnode=203.128.6.219
addnode=104.154.193.236
addnode=104.198.232.113
addnode=104.199.11.56
addnode=130.211.127.202
addnode=35.184.49.142
addnode=35.189.14.132
addnode=35.185.18.85
addnode=35.184.121.184
addnode=45.77.51.253
addnode=45.32.102.240
addnode=35.184.49.142
addnode=35.189.14.132
addnode=35.185.18.85
addnode=35.184.121.184
addnode=45.32.102.240
addnode=45.77.51.253
addnode=52.172.209.58
addnode=52.174.102.46
addnode=52.187.13.149
addnode=54.175.225.242
addnode=104.154.94.55
addnode=104.154.95.6
addnode=104.154.76.142
addnode=104.154.193.236
addnode=104.197.80.61
addnode=104.197.159.83
addnode=104.197.145.21
addnode=104.198.232.113
addnode=104.199.11.56
addnode=104.211.186.5
addnode=122.129.64.13
addnode=122.129.64.14
addnode=122.129.64.15
addnode=122.129.64.16
addnode=130.211.127.202
addnode=146.148.55.27
addnode=162.222.176.74
addnode=203.128.6.219
addnode=45.76.92.227

could someone add details here? what filename? where to put that file? which wallet to use now? i am using right now v1.0.0.0-g32a928e which seems to work. but that one downloaded from here https://signatum.org/download/original-qt-wallet/ does not sync.

OK - i did following. i copied roaming signatum folder to another computer. launched v1.0.0.0-g32a928e downloaded from https://signatum.org/download/original-qt-wallet/ (tho versions are same - design is not). and it seems it works.

there are both wallets side by side
https://www.dropbox.com/s/qt4tdz91hmjxw64/signatum-wallets.jpg?dl=0

create "signatum.conf" file in notepad, with node list in it and put into data folder (where is file wallet.dat)
rogermayers
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October 27, 2017, 11:03:24 AM
 #292

Any chance to swap old signatum coins to new signatum 2.0?


That will be the process of swapping.Not mandatory but suggested I guess. Unless you believe SIGT 1.0 will have value. When it is ready. Will be announced.

when this swap will be handled exactly? and on what exchange? cryptopia or novaexchange?

go to discord and ask the devs, but around 29 nov
that has been said
beph
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October 27, 2017, 11:28:18 AM
 #293

I don't understand how this coin cares for signatum owners. If the old owners won't be able to double dip, how can they be considered cared about?

The team has absolutely no obligation to even implement a swap.

And as of now, signatum 1.0 still has a 182 satoshi value to it, you can buy it, sell it, convert it to btc, eth whatever you want. So anyone without any prior signatum, can come now, and accumulate sigt at a very low price, at a fraction of what we believers and holders bought, and get the same 4:1 ratio conversion. This is no different than a premined coin sale, or an ICO.

It has been confirmed that ALL the original nodes (hard-coded into the wallet) are down. If the current team didn't add their own nodes, the chain would be dead right now, essentially.  You couldn't even sync your wallet, let alone transfer funds to sell them. The definition of a dead coin.

It is unfortunate that the price is what it is, and as of yet we haven't seen many large buys. The overall sentiment on future outlook is still negative.

I fail to see any serious priority given to previous signatum owners. The only privilege we get is we don't have to open a new account at yobit to buy sigt for the swap, since we already have an account and sigts in our wallet.

What is the alternative? Let the chain die and everyone loses their entire investment? You are lamenting about things the community or the current devs had no control over. It is facetious, at best, to expect preferential treatment for being an 'old' holder. It is NOT fair, but there's nothing that could have been done differently.

The new sigt 2.0 dev team were also devs of 1.0. They have some form of responsibility for those who expected to see doc back, as it was stated officially that he would be back multiple times in the old discord. I know they were fooled aswell, but still, they do have and obviously feel some responsibility for it, as they state in their announcement for 2.0.

Given the amount of whining and incessant shrieking many in the community project to the team (which has been, may I remind you, paid $0 for their efforts thus far), it's a wonder they're doing this at all. They could just as easily have decided to drop the whole thing, and create a new coin, no swaps involved.

While this is a well thought-out and warm mutual feeling between us and them, they fail to prove that in their action. Because more CAN be done, let us keep 1.0. If you are true to your word, 1.0 has no chance to live while 2.0 exists, and maybe we can dump some of our 1.0's and make a little extra, a small gift for those who held for long.

Let me just repeat myself one more time, just to drive the point home.

This is a curated list of dead coins: http://deadcoins.com/

Dead coins have no value. They cannot be exchanged, transferred, traded in any meaningful way.

It's probably where sigt v1 might end up very soon. Why would you want to 'keep' your dead coins? Are you a hoarder?

You don't get to 'keep' anything. At that point it's dead as a parrot. To paraphrase the great Monty Python:

Quote
'E's not pinin'! 'E's passed on! This coin is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is transactions processes are now 'istory! 'E's off the twig! 'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisible!! THIS IS AN EX-COIN!!


The ONLY ways you can get some value out of your dead coins is:

1. someone forks the chain

Why would they do that, though, when anyone can just start a new chain without whining and entitled holders feeling they have a right to decide everything about the direction of the project?

2. someone creates a new chain and allows you to swap

This is an act of pure altruism. Again, why give people free coins when you can just control the entire supply much easier starting from square 1? And no dealing with any holder BS?
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October 27, 2017, 12:09:35 PM
 #294

I don't understand how this coin cares for signatum owners. If the old owners won't be able to double dip, how can they be considered cared about?

The team has absolutely no obligation to even implement a swap.

And as of now, signatum 1.0 still has a 182 satoshi value to it, you can buy it, sell it, convert it to btc, eth whatever you want. So anyone without any prior signatum, can come now, and accumulate sigt at a very low price, at a fraction of what we believers and holders bought, and get the same 4:1 ratio conversion. This is no different than a premined coin sale, or an ICO.

It has been confirmed that ALL the original nodes (hard-coded into the wallet) are down. If the current team didn't add their own nodes, the chain would be dead right now, essentially.  You couldn't even sync your wallet, let alone transfer funds to sell them. The definition of a dead coin.

It is unfortunate that the price is what it is, and as of yet we haven't seen many large buys. The overall sentiment on future outlook is still negative.

I fail to see any serious priority given to previous signatum owners. The only privilege we get is we don't have to open a new account at yobit to buy sigt for the swap, since we already have an account and sigts in our wallet.

What is the alternative? Let the chain die and everyone loses their entire investment? You are lamenting about things the community or the current devs had no control over. It is facetious, at best, to expect preferential treatment for being an 'old' holder. It is NOT fair, but there's nothing that could have been done differently.

The new sigt 2.0 dev team were also devs of 1.0. They have some form of responsibility for those who expected to see doc back, as it was stated officially that he would be back multiple times in the old discord. I know they were fooled aswell, but still, they do have and obviously feel some responsibility for it, as they state in their announcement for 2.0.

Given the amount of whining and incessant shrieking many in the community project to the team (which has been, may I remind you, paid $0 for their efforts thus far), it's a wonder they're doing this at all. They could just as easily have decided to drop the whole thing, and create a new coin, no swaps involved.

While this is a well thought-out and warm mutual feeling between us and them, they fail to prove that in their action. Because more CAN be done, let us keep 1.0. If you are true to your word, 1.0 has no chance to live while 2.0 exists, and maybe we can dump some of our 1.0's and make a little extra, a small gift for those who held for long.

Let me just repeat myself one more time, just to drive the point home.

This is a curated list of dead coins: http://deadcoins.com/

Dead coins have no value. They cannot be exchanged, transferred, traded in any meaningful way.

It's probably where sigt v1 might end up very soon. Why would you want to 'keep' your dead coins? Are you a hoarder?

You don't get to 'keep' anything. At that point it's dead as a parrot. To paraphrase the great Monty Python:

Quote
'E's not pinin'! 'E's passed on! This coin is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is transactions processes are now 'istory! 'E's off the twig! 'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisible!! THIS IS AN EX-COIN!!


The ONLY ways you can get some value out of your dead coins is:

1. someone forks the chain

Why would they do that, though, when anyone can just start a new chain without whining and entitled holders feeling they have a right to decide everything about the direction of the project?

2. someone creates a new chain and allows you to swap

This is an act of pure altruism. Again, why give people free coins when you can just control the entire supply much easier starting from square 1? And no dealing with any holder BS?

It's not a wonder they are trying to implement this swap because they didn't get paid. Their names were on the dev list for a suspected scam coin. They might have incentive to clear their names of any doubt if attached.

Theoretically, could they keep the v1 nodes online and then let sigt v1 stay on yobit, then sell the acquired v1 during the swap for a gain? Not saying they might do it. I'm saying could they do it? Yes they could, if they were bad people.

I don't believe them to be scammers. I believe they tried to do their best with v1. But my opinion has no weight. Public must believe them. And for the public, and the trader who has no info about how blockchains might work, this swap might look suspicious after all.

To win back those who might be skeptical, wouldn't it be better for the devs to let people keep v1 during the swap, then kill the nodes. This would clear any doubt there might occur.

Whenever I bring this up, I'm told "if you don't like it, don't swap it."

So instead of clearing the doubts on this swap by letting people hold on to their worthless v1s, they choose to contend with criticism and "whining and incessant shrieking" from the community, as you put it. Why ?

And answering a question from the community by calling it offensive, unnecessary, whining, or saying "don't swap if you don't like it", instead of explaining what will be done with the acquired v1s, is inconsistent with the transparency principles promised on the v2 website.
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October 27, 2017, 12:20:06 PM
 #295

I don't understand how this coin cares for signatum owners. If the old owners won't be able to double dip, how can they be considered cared about?

The team has absolutely no obligation to even implement a swap.

And as of now, signatum 1.0 still has a 182 satoshi value to it, you can buy it, sell it, convert it to btc, eth whatever you want. So anyone without any prior signatum, can come now, and accumulate sigt at a very low price, at a fraction of what we believers and holders bought, and get the same 4:1 ratio conversion. This is no different than a premined coin sale, or an ICO.

It has been confirmed that ALL the original nodes (hard-coded into the wallet) are down. If the current team didn't add their own nodes, the chain would be dead right now, essentially.  You couldn't even sync your wallet, let alone transfer funds to sell them. The definition of a dead coin.

It is unfortunate that the price is what it is, and as of yet we haven't seen many large buys. The overall sentiment on future outlook is still negative.

I fail to see any serious priority given to previous signatum owners. The only privilege we get is we don't have to open a new account at yobit to buy sigt for the swap, since we already have an account and sigts in our wallet.

What is the alternative? Let the chain die and everyone loses their entire investment? You are lamenting about things the community or the current devs had no control over. It is facetious, at best, to expect preferential treatment for being an 'old' holder. It is NOT fair, but there's nothing that could have been done differently.

The new sigt 2.0 dev team were also devs of 1.0. They have some form of responsibility for those who expected to see doc back, as it was stated officially that he would be back multiple times in the old discord. I know they were fooled aswell, but still, they do have and obviously feel some responsibility for it, as they state in their announcement for 2.0.

Given the amount of whining and incessant shrieking many in the community project to the team (which has been, may I remind you, paid $0 for their efforts thus far), it's a wonder they're doing this at all. They could just as easily have decided to drop the whole thing, and create a new coin, no swaps involved.

While this is a well thought-out and warm mutual feeling between us and them, they fail to prove that in their action. Because more CAN be done, let us keep 1.0. If you are true to your word, 1.0 has no chance to live while 2.0 exists, and maybe we can dump some of our 1.0's and make a little extra, a small gift for those who held for long.

Let me just repeat myself one more time, just to drive the point home.

This is a curated list of dead coins: http://deadcoins.com/

Dead coins have no value. They cannot be exchanged, transferred, traded in any meaningful way.

It's probably where sigt v1 might end up very soon. Why would you want to 'keep' your dead coins? Are you a hoarder?

You don't get to 'keep' anything. At that point it's dead as a parrot. To paraphrase the great Monty Python:

Quote
'E's not pinin'! 'E's passed on! This coin is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is transactions processes are now 'istory! 'E's off the twig! 'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisible!! THIS IS AN EX-COIN!!


The ONLY ways you can get some value out of your dead coins is:

1. someone forks the chain

Why would they do that, though, when anyone can just start a new chain without whining and entitled holders feeling they have a right to decide everything about the direction of the project?

2. someone creates a new chain and allows you to swap

This is an act of pure altruism. Again, why give people free coins when you can just control the entire supply much easier starting from square 1? And no dealing with any holder BS?

It's not a wonder they are trying to implement this swap because they didn't get paid. Their names were on the dev list for a suspected scam coin. They might have incentive to clear their names of any doubt if attached.

Theoretically, could they keep the v1 nodes online and then let sigt v1 stay on yobit, then sell the acquired v1 during the swap for a gain? Not saying they might do it. I'm saying could they do it? Yes they could, if they were bad people.

I don't believe them to be scammers. I believe they tried to do their best with v1. But my opinion has no weight. Public must believe them. And for the public, and the trader who has no info about how blockchains might work, this swap might look suspicious after all.

To win back those who might be skeptical, wouldn't it be better for the devs to let people keep v1 during the swap, then kill the nodes. This would clear any doubt there might occur.

Whenever I bring this up, I'm told "if you don't like it, don't swap it."

So instead of clearing the doubts on this swap by letting people hold on to their worthless v1s, they choose to contend with criticism and "whining and incessant shrieking" from the community, as you put it. Why ?

And answering a question from the community by calling it offensive, unnecessary, whining, or saying "don't swap if you don't like it", instead of explaining what will be done with the acquired v1s, is inconsistent with the transparency principles promised on the v2 website.


One of the better posts ive seen from newbie account. You got some good points. But as the they are still working on the details we dont actually know if we will get to keep sigt V1. But they need to have control over the swap and one way to do that is if we send it in.
Id like to keep it, cause then i could sell it. But that would leave someone with a useless devless coin after i sold. So when we look at it like that it would be best if coins got burned.

At the same time, trust is not very high atm. So keeping the coins could be good for current holders. I will swap anyway as i want the coin with theese devs.
vandung_quangtri
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October 27, 2017, 01:39:28 PM
 #296

Will Signatum 2.0 be survived for a long time? Really hope that new developer team can help OldSignatum's owners get out of that mess which created by The Doc and SignatumD. Thanks
rakec
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October 27, 2017, 01:40:37 PM
 #297

Waiting for good news Smiley
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October 27, 2017, 02:05:09 PM
 #298


Signatum will have to do long journey before it gains the trust back. hope it recovers.
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October 27, 2017, 02:06:26 PM
 #299

the most popular altcoin in history.

TBH, I'd say that honor belongs to the Paycoin fiasco...
Agree.
Can anyone tell me why You keep deleting my posts? I've asked some questions and raised some concerns. I expected answer and got deleted. Lol.
No FUD, just asking.
That behavior put you in line with old devs...

This is the exact reason certain people cried for a moderated forum, so ANYONE with a valid, but different opinion can be silenced. All this does it bring a false sense of security when no one can question what anyone is doing with this, or any other coin for that matter.  All I said was sigt was doomed and the Devs should create a new coin and my post gets deleted
Same here, asked how many sigt devs are holding in stash. It's bad question/FUD spreading ? Probably answer is Wink
***
To refer back to your question concerning the quantity that will be held by the foundation team, this is currently defined as 20% above the 34,375,000 coins that will be swapped. Additionally to that 8 percentage points has been allocated to the treasury fund for exchange listing fees and business development. All these details are fully transparent on the website - nothing on this has been hidden away.
***
Regarding the website: Please see the Roadmap, because this is just a placeholder for the announcement we just made. There is a new website on its way.

ANY coins that are NOT claimed in the swap will be air-dropped to the community regularly AND some will be given to the treasury fund (to be dedicated to business development, operational costs and exchange listing fees).
Well I can read, I understand that new development team will take 20% premine of top of amount that would be for swap. My question that was deleted before is: How much of coins premined for swap will go to development team because of stash they hold of in current SIGT.
I don't want to spread any F&D there is only U that could be easily answered and get rid of.
Why I ask such question? Because current SIGT dev team did a lot of things wrong. They stole from users, lied in face and by end admitted that they scamed people.
Well, because of relaunching PoW supply could spread across new miners, but if in the end dev team end up holding 50% of CS that just won't be fair for anyone to join SIGT2.0 - In fact it'd be just way of getting money back at cost of new community members.
After shutdown of all explorers now situation about current Richlist etc. is even messier.
Reposting because I'm really curious about answer. Just question get flooded  Wink

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October 27, 2017, 02:57:00 PM
 #300

I don't understand how this coin cares for signatum owners. If the old owners won't be able to double dip, how can they be considered cared about?

The team has absolutely no obligation to even implement a swap.

And as of now, signatum 1.0 still has a 182 satoshi value to it, you can buy it, sell it, convert it to btc, eth whatever you want. So anyone without any prior signatum, can come now, and accumulate sigt at a very low price, at a fraction of what we believers and holders bought, and get the same 4:1 ratio conversion. This is no different than a premined coin sale, or an ICO.

It has been confirmed that ALL the original nodes (hard-coded into the wallet) are down. If the current team didn't add their own nodes, the chain would be dead right now, essentially.  You couldn't even sync your wallet, let alone transfer funds to sell them. The definition of a dead coin.

It is unfortunate that the price is what it is, and as of yet we haven't seen many large buys. The overall sentiment on future outlook is still negative.

I fail to see any serious priority given to previous signatum owners. The only privilege we get is we don't have to open a new account at yobit to buy sigt for the swap, since we already have an account and sigts in our wallet.

What is the alternative? Let the chain die and everyone loses their entire investment? You are lamenting about things the community or the current devs had no control over. It is facetious, at best, to expect preferential treatment for being an 'old' holder. It is NOT fair, but there's nothing that could have been done differently.

The new sigt 2.0 dev team were also devs of 1.0. They have some form of responsibility for those who expected to see doc back, as it was stated officially that he would be back multiple times in the old discord. I know they were fooled aswell, but still, they do have and obviously feel some responsibility for it, as they state in their announcement for 2.0.

Given the amount of whining and incessant shrieking many in the community project to the team (which has been, may I remind you, paid $0 for their efforts thus far), it's a wonder they're doing this at all. They could just as easily have decided to drop the whole thing, and create a new coin, no swaps involved.

While this is a well thought-out and warm mutual feeling between us and them, they fail to prove that in their action. Because more CAN be done, let us keep 1.0. If you are true to your word, 1.0 has no chance to live while 2.0 exists, and maybe we can dump some of our 1.0's and make a little extra, a small gift for those who held for long.

Let me just repeat myself one more time, just to drive the point home.

This is a curated list of dead coins: http://deadcoins.com/

Dead coins have no value. They cannot be exchanged, transferred, traded in any meaningful way.

It's probably where sigt v1 might end up very soon. Why would you want to 'keep' your dead coins? Are you a hoarder?

You don't get to 'keep' anything. At that point it's dead as a parrot. To paraphrase the great Monty Python:

Quote
'E's not pinin'! 'E's passed on! This coin is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is transactions processes are now 'istory! 'E's off the twig! 'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisible!! THIS IS AN EX-COIN!!


The ONLY ways you can get some value out of your dead coins is:

1. someone forks the chain

Why would they do that, though, when anyone can just start a new chain without whining and entitled holders feeling they have a right to decide everything about the direction of the project?

2. someone creates a new chain and allows you to swap

This is an act of pure altruism. Again, why give people free coins when you can just control the entire supply much easier starting from square 1? And no dealing with any holder BS?

It's not a wonder they are trying to implement this swap because they didn't get paid. Their names were on the dev list for a suspected scam coin. They might have incentive to clear their names of any doubt if attached.

Theoretically, could they keep the v1 nodes online and then let sigt v1 stay on yobit, then sell the acquired v1 during the swap for a gain? Not saying they might do it. I'm saying could they do it? Yes they could, if they were bad people.

I don't believe them to be scammers. I believe they tried to do their best with v1. But my opinion has no weight. Public must believe them. And for the public, and the trader who has no info about how blockchains might work, this swap might look suspicious after all.

To win back those who might be skeptical, wouldn't it be better for the devs to let people keep v1 during the swap, then kill the nodes. This would clear any doubt there might occur.

Whenever I bring this up, I'm told "if you don't like it, don't swap it."

So instead of clearing the doubts on this swap by letting people hold on to their worthless v1s, they choose to contend with criticism and "whining and incessant shrieking" from the community, as you put it. Why ?

And answering a question from the community by calling it offensive, unnecessary, whining, or saying "don't swap if you don't like it", instead of explaining what will be done with the acquired v1s, is inconsistent with the transparency principles promised on the v2 website.


One of the better posts ive seen from newbie account. You got some good points. But as the they are still working on the details we dont actually know if we will get to keep sigt V1. But they need to have control over the swap and one way to do that is if we send it in.
Id like to keep it, cause then i could sell it. But that would leave someone with a useless devless coin after i sold. So when we look at it like that it would be best if coins got burned.

At the same time, trust is not very high atm. So keeping the coins could be good for current holders. I will swap anyway as i want the coin with theese devs.

If they announce they will burn the coins, I have absolutely zero objections. But I'd rather we do these somewhat unflattering discussions before an announcement is made. This way, the devs might see different opinions of different people, thus have the necessary feedback to prepare a better swap deal, so it can be widely adopted.
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