So is this testing only available in the UK?
If so, maybe make that more clear or prominent?
Signal adds a payments feature with a privacy-focused cryptocurrency
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Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#12This is garbage, and shouldn't be part of Signal.
Everything on the internet is being corrupted with adding cryptocurrency scams where they absolutely don't belong, it turns Signal from an obvious recommendation into something that makes me hesitate. There's something to be said for focusing on doing one thing well, and that doesn't mean turning a communication platform into a kitchen sink.
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#13The technology is cool, but I don't really know if I want KYC regulatory risk in my encrypted messaging client. I just want italics.
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#14Earlier quoted context omitted.
We use a modified version of the Stellar Consensus Protocol that we reimplemented from scratch using Rust. https://github.com/UkoeHB/Mechanics-of-MobileCoin/blob/maste... << Page 81 is where you want to go.
Were there things that you didn't like about Stellar? Or did you modify it to fit a different use case? (thanks for answering questions!)
We wanted more guarantees around safety. Stellar isn't written in Rust and Rust has some very nice safety properties that we felt were valuable enough for a full-on rewrite. We also wanted to be able to hand-tune the performance of the system, and the only way we could really get to that level of control was to do it ourselves.
Finally, we wanted to perform consensus on encrypted values so that the nodes wouldn't be able to censor transactions.
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#15Wow, a cryptocurrency that's also dependent on Intel™ SGX®!
What wonders will Intel's Signal subdivision offer next?
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#16Hi! I'm the CEO of MobileCoin. If anyone has any questions please feel free to ask here. We've been working on this project for four years and it has been a labor of love. There's a lot of new technology here. We exist in a highly regulated space so it's possible some questions will require reaching out to lawyers to make sure we answer them in a way that's compliant so please don't feel offended if a response takes…
The Oblivious RAM implementation is incredible
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#17The technology is cool, but I don't really know if I want KYC regulatory risk in my encrypted messaging client. I just want italics.
I don't think Signal has any plans to scan your driver's license. What they've built is a non-custodial wallet (IE, they can't help you if you lose your keys, and they have no ability to authorize or deny a payment on your behalf).
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#18What are the KYC requirements? I'm going to assume that it's none, since it's privacy focused
Does KYC apply to all transactions or only to purchase of currency?
Because I can get bank notes from an ATM and pay anyone in cash without having an intermediary verify my identity when money changes hands.
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#19How much did MobileCoin pay for inclusion in Signal?
Re: Signal adds a payments feature with a privacy-focused cryptocurrency
#20I am incredibly disappointed in the Signal team. I don't want cryptocurrencies (or even any payments!) in my primary text app. Crypto/blockchain is fine, but if I want to use it I'll download a different app.
I'm finding this announcement creates some uncertainty in my head about Signal's long-term future.