601–610 of 965 posts
It results in decisions like this:
1. MobileCoin premines 250m coins
2. Moxie is paid for being on their board
3. Moxie directs non-profit Signal to integrate MobileCoin
4. MobileCoin offers 50% of their premine for sale.
5. Signal/Mobilecoin news spikes price to $60
This is why we need decentralization.
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I expect messages to disappear when I turn on disappearing messages and not when I don’t turn them on. But yes, I agree it’s not the right choice for me and many others who want to have full ownership over our data, and they should make that clear in advance.
> But yes, I agree it’s not the right choice for me and many others who want to have full ownership over our data, The whole point of Signal is you have full ownership of your data. You said you can transfer the data to another device, right? I get that inability to export cleanly is an annoying bug, but technically you have full control over your data the whole time. It seems to me that it's easier to guarantee no o…
It’s somewhat puzzling that Signal doesn’t let me donate with Mobilecoin.
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The small ISP/phone/cable company I worked for in high school had a data center. Maybe 20 racks. It was pretty damn reliable (old-school phone infra techs knew how to make shit stay “online”). I guarantee it wasn’t above the single-digit millions to build, inflation adjusted.
That example of your small telecom company isn't really relevant here, is it? Signal needs to work well for people around the world.
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Ah ok I didn't know those still existed. In fact even the named checks are long gone here in Europe lol.
Oh yeah, I have an old checkbook that I've had since like 2010 because the only ones I've ever used are for random landlords. Otherwise it's literally easier to get a cashier's check, which you can (in America) do at any bank or grocery store. Note that some are free and some aren't, so check beforehand. I don't think these will ever really go away tbh
Nobody would accept a check here anyway as they're not guaranteed. These days I pay with my watch or phone everywhere (Samsung Pay). I don't even use the chip on my card anymore. And payments between people happen digitally too (a system called Bizum here in Spain).
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That doesn't mean they were actually profitable at those rates though. They could have been in growth hacking mode with venture backing.
They were well-known for not doing that, though.
There must have been some kind of venture backing because there was no money coming in at all from users for a long time.
I just donated $10 to Signal. Here's how to do so on iPhone in less than a minute: 1. Open Signal and click on your user icon in the upper left. 2. Go to "Settings" --> "Donate to Signal". 3. Click "Donate", select your donation options, and pay with Apple Pay.
Does this entail a 30% cut to Apple/Google?
Didn't they do some sort of cryptocurrency thing. How is that going? edit: it was called MobileCoin right edit2: they do https://support.signal.org/hc/en-us/articles/360057625692-In... is that generating any revenue?
I have held off donating to signal so far exactly because there is no clarity around this token, why it was even added to signal and who profited from that.
I don't think they ever confirmed that this was why they stopped updating, or did a postmortem on how poorly that launch went. I vaguely recall there was also an unexplained spike in MobileCoin trading shortly before the public launch that looked quite a bit like insider trading, though right now the stories I can turn up about it here are about similarly disconcerting and unexplained issues in its provenance: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...
It's hard to take this fundraising plea seriously when this financial disaster is never even mentioned. I hope I've just missed whatever Signal has done to try to repair trust after the, but the fact that they haven't even removed it from the app is not promising. Can anyone share updates?
For instance, 1.3$ million per year for storage??? Apparently, they have 40 million users, so 1 MB per user (seems reasonable for Signal) means 40TB. You can buy a 4TB SSD for $200, which means you need $2000 one-time for 1MB per user.
How they get from $2000 to 1.3$ million is a mystery.
As for SMS registration, if they are spending 6 million, maybe they should find some way of doing it for free, e.g. Google might be offering it with Firebase, Twitter used to have it, etc. It's not great for privacy, but if they care about that they should just stop using phone numbers.
Routing video calls through a server to obscure IP address seems totally pointless while you are revealing the phone number anyway. And again there might be a way to do this for free, e.g. perhaps using one of free WebRTC STUN/TURN servers that e.g. Google seems to run.
As for bandwidth, a very conservative estimate seems 100 MB per month for each of 40 million users, giving 4 PB per month (though I guess the real usage is 1/10 that at most). Hetzner charges $1/TB, so that gives $4000 per month or $40k per year, overestimated.
Again a mystery how they get from $40k per month to $2.7 million.
Maybe the problem is that they use AWS/GCP/Azure/etc.? They have to be real idiots to use them since everyone knows they are insanely overpriced and should never be used unless a large corporation or deep-pocketed investors are footing the bills or they is no other possible solution.
Perhaps they need to consider stopping dumping money down the drain before asking for donations.