Earlier quoted context omitted.
Why another altcoin and not simply ETH or BTC? You state privacy and performance: could you be more specific?
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…
Given that setting up the "systems" requires a huge effort, I assume that the architecture assumes a single central entity is running all these core systems, right? If yes, does the system rely on these core components to be up? If yes, how does it not rely on a central authority?
Another aspect I don't yet understand: Traditional cryptocurrencies solve the distributed consensus problem through mechanisms like proof-of-work or proof-of-stake. What does MobileCoin use as a consensus mechanism?