251–260 of 665 posts
SCRT network is a similar project that uses SGX but supports smart contacts so they could have a Maker like pegged token.
Why not use GNU Taler, if you insist on integrating a irrelevant payment mechanism?
Super sad that they didn't choose Monero.
> ‘Mechanics of MobileCoin: First Edition’ is an adaptation of ‘Zero to Monero: Second Edition’, published in April 2020.
[1] https://github.com/UkoeHB/Mechanics-of-MobileCoin/blob/maste...
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> Is there a limit to how many shares a company can issue? No, a board can technically issue shares unto infinity. There is no guarantee of scarcity, no guarantee they will not raise more money. The scarce asset is the company , not the shares. Yes, they can issue more shares, but those shares still represent the same company plus the new investment money raised by raising the shares. They're not creating more compan…
It doesn't matter if it represents the company because the thing that shareholders care about is how much $ each share represents. This is why a stock will tank when a company talks about diluting their existing shares by creating new shares out of thin air. What you're talking about would be more akin to a stock split.
If a company sells 100,000 shares at a dollar each, the company is now worth $100,000 more because they now have another $100,000 on their balance sheet. No value is lost in this process.
> This is why a stock will tank when a company talks about diluting their existing shares by creating new shares out of thin air.
Companies can't just declare that more shares exist and dilute away shareholders like you said. They either issue them as stock based compensation, which is an expense, or they sell the shares to buyers, which means money goes toward their bottom line.
There were rumors in late January that Signal was looking into Mobilecoin but that seems unrelated, and I'm not sure I buy a short-squeeze scenario as mentioned on Twitter.
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Mastodon, Matrix and others suffer that issue greatly. You can't really run single-user instances without running a gigantic installation, when a minimal implementation of their protocols should have no footprint to speak of.
Dendrite is that minimal implementation to make single user instances cheap.
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It doesn't matter if it represents the company because the thing that shareholders care about is how much $ each share represents. This is why a stock will tank when a company talks about diluting their existing shares by creating new shares out of thin air. What you're talking about would be more akin to a stock split.
When a company sells more shares, they money they raise from selling those shares contributes to the value of the company. If a company sells 100,000 shares at a dollar each, the company is now worth $100,000 more because they now have another $100,000 on their balance sheet. No value is lost in this process. > This is why a stock will tank when a company talks about diluting their existing shares by creating new sha…
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> Is there a limit to how many shares a company can issue? No, a board can technically issue shares unto infinity. There is no guarantee of scarcity, no guarantee they will not raise more money. The scarce asset is the company , not the shares. Yes, they can issue more shares, but those shares still represent the same company plus the new investment money raised by raising the shares. They're not creating more compan…
> but those shares still represent the same company plus the new investment money raised by raising the shares. No. Your shares were _diluted_ by the company issuing new shares. Now your 100 shares are worth half as much. Shares have predicted forward value embedded in their valuation. When you buy a share, you're betting that company will continue to grow. If it's having to raise money and issue new stock, odds are…
That's not correct. A company sells shares in exchange for cash. That cash is owned by the company, which is represented by the shares.
Companies can't simply dilute away their shareholders like you're suggesting. The money raised by selling shares doesn't simply disappear.
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...
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Looks like it depends on SGX, so basically delegates trust to Intel. Bitcoin doesn't depend on trusting anyone.
SGX is only used for an extra layer of privacy, beyond what any other currency offers. SGX is not used for the security of the currency. This criticism has been answered countless times.