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Et Tu, Signal?

stephendiehl.com

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Re: Et Tu, Signal?

#321

Post by sigg3 »

tluyben2 wrote: post #89

Would you pay for it if they just asked money? I use Threema and I paid for it, but most people simply refuse that (even at that price), so the others don't even try it. So how are companies supposed to make money? The usual ways; get larger and larger investor rounds and then get out (resign and sell shares for personal reasons or whatever) or sell the company before it all collapses. Not sure if that or tokensales…

I would pay. I currently pay for some open source projects I enjoy, and donate to Wikipedia and Archive.org whenever they ask for it. I buy Linux games I never get to play. It's important to spread the love when you can.

Most people are not aware of what project they use and that they're not for-profit.

I used to work for an ISP, and people could pay for the WiFi hotspot feature (on phones they owned). People paid when they needed it.

Signal is pretty big, I think, so why couldn't it ask for donations? And possibly get some extra love from eg. The Linux foundation..?

Re: Et Tu, Signal?

#322

Post by alphachloride »

He says:

> So many of us have spent significant time and social capital moving our friends and family away from the exploitative data siphon platforms that Facebook et al offer, and on to Signal

And then he says:

> Signal users are overwhelmingly tech savvy consumers

I find it hard to believe that both of these can be true at once. If the second statement is true, then the time spent moving friends and family was wasted. If the second statement is true, people won't actually use MobileCoin currency if they are skeptical.

Re: Et Tu, Signal?

#324

Post by josh2600 »

jpxw wrote: post #316
josh2600 wrote: post #293

Earlier quoted context omitted.

A few things: 1) tx settlement time is ~3 seconds on mobilecoin, p99 latency right now with single block finality. Eth and Btc are great but they aren’t that fast (for payments speed really matters). 2) with respect to privacy, the key innovation of MobileCoin is that when all of the systems are operational, there is no transaction graph stored in the ledger. The links between transactions are known only to the count…

Why not use an existing currency which solves the problems you highlight, like Nano?

Nano doesn’t solve privacy to the degree we were excited about. Again, fast + privacy protecting is really hard to achieve, particularly if you care about fast tx recovery on a mobile device.

Re: Et Tu, Signal?

#325

Post by nikolay »

screamingninja wrote: post #251
knorker wrote: post #243

Very much a betrayal. Signal has an image of "for the weak against abuse by the strong". Cryptocurrency is "I'll sell my grandmother and everyone I know for money. HODL YOLO!", which is not exactly compatible. And it's not just disappointing, it's also dragging the to-the-core corrupt world of these people into Signal. This is making Signal lose the moral high ground, making it that much easier to drag its name throu…

> Cryptocurrency is "I'll sell my grandmother and everyone I know for money. HODL YOLO!" How do you conclude that?

Everybody with a brain knows. Are we all tired of the HODLers who parrot the same mantras in secret hopes to wake up millionaires one day when their crapto makes it big and their bits they bought saving money from not eating lunch can buy them a house finally?

Re: Et Tu, Signal?

#326

Post by Imnimo »

josh2600 wrote: post #311
chelmzy wrote: post #309

Earlier quoted context omitted.

What percentage of the coins does MobileCoin and its founders/early investors currently hold? Seems your early investors certainly have a large chunk https://threader.app/thread/1335948142022311936

MobileCoin has made over 50% of the coins available for purchase. We are currently figuring out how to give away coins while remaining regulatory compliant.

Kinda seems like the sort of thing you would have figured out ahead of time...

Re: Et Tu, Signal?

#327

Post by driverdan »

josh2600 wrote: post #275

Good Morning, I am the CEO of MobileCoin. A few points: 1) I started MobileCoin to fund Signal. That’s it. I believe that a world with a well-funded signal is a better place. In order for signal to compete in the 21st century with messaging apps around the world they need a payment story. MobileCoin is the only thing ever built that is both privacy protecting and fast that meets the standards of data retention signal…

> In order for signal to compete in the 21st century with messaging apps around the world they need a payment story.

What is a "payment story" and why do messaging apps need it? Signal should be secure SMS with a better UI, nothing more.

Re: Et Tu, Signal?

#329

Post by deft »

josh2600 wrote: post #306
joosters wrote: post #301

Earlier quoted context omitted.

2) MobileCoin Inc. intends to maintain an extreme minority of the coins once the dust settles. a.k.a. we intend to sell all of our vast stacks of pre-mined coins onto gullible users. This is exactly how a pump and dump scam works.

To be clear, we want to get the coins into the hands of users so they can buy things with them. Doing so in a legally compliant fashion is non-trivial. Looking at what happened with key base and stellar, a simple airdrop to users of the system doesn’t necessarily result in utilization or economic development. There are multiple different things to consider here: 1) regulatory, 2) economic system design, 3) usability,…

This isn't addressing the parent comment at all. Does the trust plan to market dump coins on their users?
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