31–40 of 54 posts
It makes a lot of sense for this coin to be on Stellar network. It is fast and cheap, and they can actually create their own coin whenever they like and treat current ones as tokens. I think this is smart move and much better then creating on Ethereum because of speed and price that goes along with it and often is not mentioned. My 2c. Or 2 satoshis
Can someone explain why the average user would prefer this over using venmo?
Street-level drug dealers would love secure and anonymous mobile payment platform for b2c and b2b settlements.
If cash were invented today, it would be illegal. For most small payments if not large transfers, in the USA consumers actually have the right to transact anonymously. Tracking micropayments publicly forever on a blockchain seems like a step backwards. Being able to track large transfers on a blockchain is one of the benefits of living in the world where the Byzantine General's Problem has been solved.
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…
Your github led me to https://turtlecoin.lol/ which makes your point and undermines it at the same time. Turtlecoin launched with an incremental and a catchy name and no ICO and on the surface sounds like it achieves a lot of what Mobilecoin attempts to. Ultimately though, Turtlecoin is a parameter tweak and relaunch of existing coins that doesn't solve the core problem of consumer payments. Mobilecoin is at least at…
Edit (because this comment was down voted and flagged): Parent's HN profile says they are 'running' Crypto Lotus. Crunchbase lists only one General Partner at Crypto Lotus [1]. That same partner's LinkedIn lists them as a founder of Mobilecoin [2]. At a minimum the parent has a strong financial relationship with Mobilecoin and is probably the founder. HN generally frowns on not disclosing a relationship like that in threads about companies.
1 - https://www.crunchbase.com/organization/crypto-lotus 2 - https://www.linkedin.com/in/joshuagoldbard
Can someone explain why the average user would prefer this over using venmo?
Pessimistically, they won't. Optimistically, they solve consumer micropayments by allowing the unbanked to send and store money via WhatsApp.
If it's an ICO - how does that work, exactly? People buy some amount of the coin at a valuation, and then they'll be able to use it later once the actual application comes out?
Earlier quoted context omitted.
Your github led me to https://turtlecoin.lol/ which makes your point and undermines it at the same time. Turtlecoin launched with an incremental and a catchy name and no ICO and on the surface sounds like it achieves a lot of what Mobilecoin attempts to. Ultimately though, Turtlecoin is a parameter tweak and relaunch of existing coins that doesn't solve the core problem of consumer payments. Mobilecoin is at least at…
You probably should have started with, "Hi, I'm a/(the?) founder of Mobilecoin." Edit (because this comment was down voted and flagged): Parent's HN profile says they are 'running' Crypto Lotus. Crunchbase lists only one General Partner at Crypto Lotus [1]. That same partner's LinkedIn lists them as a founder of Mobilecoin [2]. At a minimum the parent has a strong financial relationship with Mobilecoin and is probabl…
Can someone explain why the average user would prefer this over using venmo?
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…
By this attitude, you would have failed to correctly value the potential of early Amazon (because "an online bookstore is not worth $X.")
One of the core principles of YC is that the value of an early-stage company mostly depends on the founders, not the initial idea (as it can change.)