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MobileCoin has raised $30M for private mobile payments

techcrunch.com

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Re: MobileCoin has raised $30M for private mobile payments

#11

Post by sebleon »

deft wrote: post #7

Mobilecoin is a token powered by a stellar smart contract. I don't care if Moxie or god himself is the lead of the project, because it's incredibly limited in scope (actually stellar advertises that as a feature of their smart contract platform) I doubt it will succeed. And no, a fancy mobile UI is not worth $30mil. Before someone replies with a quote from the whitepaper about what it /will/ do, don't bother. Until i…

> because it's incredibly limited in scope (...) I doubt it will succeed.

What is the correct amount of scope to ensure success? I'm curious what's the logic behind your comment and negative predictions.

Re: MobileCoin has raised $30M for private mobile payments

#13

Post by RIMR »

sebleon wrote: post #11
deft wrote: post #7

Mobilecoin is a token powered by a stellar smart contract. I don't care if Moxie or god himself is the lead of the project, because it's incredibly limited in scope (actually stellar advertises that as a feature of their smart contract platform) I doubt it will succeed. And no, a fancy mobile UI is not worth $30mil. Before someone replies with a quote from the whitepaper about what it /will/ do, don't bother. Until i…

> because it's incredibly limited in scope (...) I doubt it will succeed. What is the correct amount of scope to ensure success? I'm curious what's the logic behind your comment and negative predictions.

I would say that being legitimately innovative and not exactly like every other ICO with hollow promises would be where I draw the line.

Re: MobileCoin has raised $30M for private mobile payments

#16

Post by ghayes »

deft wrote: post #7

Mobilecoin is a token powered by a stellar smart contract. I don't care if Moxie or god himself is the lead of the project, because it's incredibly limited in scope (actually stellar advertises that as a feature of their smart contract platform) I doubt it will succeed. And no, a fancy mobile UI is not worth $30mil. Before someone replies with a quote from the whitepaper about what it /will/ do, don't bother. Until i…

> I don't care if Moxie or god himself is the lead of the project

> Until it's released I doubt any and all claims from the team.

It's fine for you to have your opinion, but understand that you aren't meaningfully contributing to the conversation with statements like the ones above. Other people, obviously, will have different viewpoints, and it's best that we can talk on the merits of the arguments.

Re: MobileCoin has raised $30M for private mobile payments

#17

Post by darpa_escapee »

ghayes wrote: post #16
deft wrote: post #7

Mobilecoin is a token powered by a stellar smart contract. I don't care if Moxie or god himself is the lead of the project, because it's incredibly limited in scope (actually stellar advertises that as a feature of their smart contract platform) I doubt it will succeed. And no, a fancy mobile UI is not worth $30mil. Before someone replies with a quote from the whitepaper about what it /will/ do, don't bother. Until i…

> I don't care if Moxie or god himself is the lead of the project > Until it's released I doubt any and all claims from the team. It's fine for you to have your opinion, but understand that you aren't meaningfully contributing to the conversation with statements like the ones above. Other people, obviously, will have different viewpoints, and it's best that we can talk on the merits of the arguments.

A voice of (reasoned) doubt in a sea of unwavering optimism and praise is a contribution. HN tends towards the latter. See: Sharing economy, autonomous vehicles, Musk-related anything, smart contracts, etc

Re: MobileCoin has raised $30M for private mobile payments

#19

Post by wskinner »

marknadal wrote: post #10

I was talking to Moxie's cofounder, Joshua Goldbard, the other month about this. They strongly depend upon secure enclaves to achieve it. It seems like a rather clever use of DMCA related technology, potentially backfiring in the DMCA's face if it is extended to other use cases. However, using secure enclaves seems like chasing a fading rainbow. The tech doesn't work without trusting the enclave, yet if we trust it,…

Care to share what claims you were skeptical about?

Re: MobileCoin has raised $30M for private mobile payments

#20

Post by armenarmen »

gataca wrote: post #8
rms wrote: post #6

Earlier quoted context omitted.

Pessimistically, they won't. Optimistically, they solve consumer micropayments by allowing the unbanked to send and store money via WhatsApp.

Ok, that makes a lot of sense for the unbanked. I personally don’t know many people who are unbanked but maybe that number will grow in the future? I’m just trying to think about explaining this to some friends and why they should do this. Totally anonymous/private transactions between parties not having to use a bank?

From what I understand, the unbanked are really more of a thing in the developing world. The same crowd that'd be receiving micro loans were they looking to start small business in say rural Myanmar
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