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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

#151

Post by 627467 »

ornornor wrote: post #105
rvz wrote: post #97

So when Keybase added Stellar support for payments, this was met with lots of hostility and disappointment, such as 'cryptocoin bullshit' [0] or 'Yeah, I am not going to use any product associated with anything cryptocurrency. Just smells bad. [1] Now the same thing has happened on Signal; HN's favourite messaging app. So why is this met with warm welcoming arms especially when they are also going into cryptocurrenci…

Maybe because people trust the signal project more than keybase (which sold out to zoom, of all companies)

Would only make sense if keybase incorporating stellar occured after acquisition and not before (as it actually happened)

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#152

Post by rOOb85 »

Geee wrote: post #83

There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed. With current price ($65), they're worth $14B already. This makes the project a scam and impossible for it to work as a reliable money that holds value. Bitcoin had no pre-mine and has been fairly distributed from the start.

Can you post your source for these claims?

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#153

Post by justupvoting »

matheusmoreira wrote: post #138
raspyberr wrote: post #131

Super sad that they didn't choose Monero.

That was my first thought as well. Why didn't they pick Monero? I don't see how any other coin could be better.

Only thing I can think of off the top of my head is optics (most of the installed userbase for signal has probably only ever heard of monero in a negative light).

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#154

Post by lottin »

Geee wrote: post #83

There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed. With current price ($65), they're worth $14B already. This makes the project a scam and impossible for it to work as a reliable money that holds value. Bitcoin had no pre-mine and has been fairly distributed from the start.

Bitcoin rates worse than North Korea in terms of wealth distribution as measured by the Gini coefficient. [1]

[1] https://blog.dshr.org/2018/10/gini-coefficients-of-cryptocur...

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#155

Post by Andrew_nenakhov »

leetcrew wrote: post #145
edent wrote: post #9

The UK already has faster payments in all major banks. I can send and receive money instantly from app or Web. Will yours be as fast as that? The UK has a problem with authorised push payment fraud. Banks can recover funds which have been sent as a result of phishing / fraud. How can I reverse a payment on your platform if it was fraudulent? The UK also has receiver verification. If I try to send to an account and it…

> How do you stop harassers sending unwanted money? idk, but this sounds like a great problem to have.

Not really. Someone steals money, sends them to you, your are having lots of trouble proving you are not an accomplice. If you are a government official, you can be framed as receiving a bribe.

In russia government can send your organisation money from abroad via an agent and then shut you down as a 'foreign agent'.

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#156

Post by slenk »

josh2600 wrote: post #57
RL_Quine wrote: post #43

Earlier quoted context omitted.

Moxie Marlinspike is listed as an advisor for MobileCoin, was this not a paid position?

Moxie != Signal. Moxie, as an individual, is a paid technical advisor to MobileCoin but the reality is that we could never pay Moxie what his time is worth. I am thankful that he has chosen to help make this project a reality.

Unfortunately, Moxie is Signal because he won't let anyone else (open-source clients) connect to the Signal servers OR run their own.

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#158

Post by [deleted] »

tradertef wrote: post #123
Geee wrote: post #83

There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed. With current price ($65), they're worth $14B already. This makes the project a scam and impossible for it to work as a reliable money that holds value. Bitcoin had no pre-mine and has been fairly distributed from the start.

Thanks. Honestly, not surprising..

[deleted]

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#159

Post by marcinzm »

rOOb85 wrote: post #152
Geee wrote: post #83

There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed. With current price ($65), they're worth $14B already. This makes the project a scam and impossible for it to work as a reliable money that holds value. Bitcoin had no pre-mine and has been fairly distributed from the start.

Can you post your source for these claims?

Their own white paper (no longer hosted on their site it seems) says they created 250 million tokens and pre-sold 37.5 million.

https://mixin.one/assets/MobileCoin-Whitepaper-EN_FINAL.pdf

Re: Signal adds a payments feature with a privacy-focused cryptocurrency

#160

Post by orph »

Geee wrote: post #83

There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed. With current price ($65), they're worth $14B already. This makes the project a scam and impossible for it to work as a reliable money that holds value. Bitcoin had no pre-mine and has been fairly distributed from the start.

Even UK-only release in Signal means more people with cryptocurrency wallets than all other cryptocurrencies combined.
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