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RE: Signatum - Getting voted to novaexchange, come see what all the hubbub is about!
"The market will have moderators to protect from illegal posts, and will ban with extreme prejudice anyone looking to scam or sell illegal items via the market."
That would be horrible if they did that. The point of selling and buying anonymously is for trading illegal products and services. Safex has no moderators and has it's own anonymous blockchain, Signatum has to at least be able to compete with them if they want to be in the top 100.
appreciate the opinion, but being anonymous has nothing to do with being illegal. That is what SIGT is hoping to show the world. Anonymity doesn't equal illegality. Plus, would SIGT want to risk the whole project being shut down because of illegal items on the market? I think that's what safex is risking by doing that. If people think that a whole project can't be shut down, they likely need to re-think that, because I disagree. Especially if the project allows viewing of IP addresses of nodes. I haven't fully looked into safex, but I don't believe that being an illegal-focused market, will provide the coin with ability to be within the top 100. There will be more and more regulations coming down, and more and more the authorities will figure out what people are doing, know how to stop them, and IMO they will. Eventually.
We've seen what happens to almost every illegal market, and does it matter that the markets are hosted on tor and anonymous? No, it doesn't. They can and will figure out what is going on, then the markets will be shut down, and the people involved will be come after.
If you believe that safex will somehow avoid this, then by all means, do whatever you like there, but me personally, if that is how they are going to run their market, I would stay FAR away from it. Because it would mean that you're hosting a part of the market, not just using it... So that would make you liable as part of the infrastructure of said market. Which IMO is not a good thing.
Also, something that may not be realized yet with SIGT, is that the market is just a very small portion of the overall with the project, and as more comes to fruition, more shall be understood with what I mean by this. But yea, the market is not made to be an anon/illegal market, it is made to be a legit market with more privacy and easier to use worldwide than eBay.
SIGT will have many more things that come along in the near future that will show people what its focus really is. THEN people will realize that the market doesn't have all that much bearing on what will happen overall. Even if the market doesn't get popular for over a year, it doesn't matter, as there will be other portions of the project that will be able to propel it into the top 100 or beyond.
You just raised another concern by saying eventually authorities will be able to figure out how to get into private coins like signatum. That gives me the feeling youre eventually saying theyre going to be able to hack into your coin, and they'll be able to pull up all the transactions, even those made off your signatum market. I really want this coin to be the end all for private coins, I dont want a more secure coin to come out in a few years, because then signatum will go back down. I hope your other projects youre going to add will make signatum even more secure than it already is. Someone told me the market will be open source, so hopefully someone in another country can set it up and allow people to trade illegal things like Safex. The big mistake with Safex is they show their names and faces, but hopefully signatum will be better because some anonymous people from countries with more relaxed laws can set up a secondary signatum market for illegal things.