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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

#391

Post by Spivak »

blackearl wrote: post #314
PragmaticPulp wrote: post #261

Earlier quoted context omitted.

> Value is lost to existing shareholders who have the value of their shares diluted. You're confusing percentage dilution with absolute diluation. The shares represent the value of the company. The value of the company has increased by the amount of money raised. Each share represents a lower percentage of the company, but this is offset by the fact that the value of the company has increased by the amount of money r…

You continue to make a 1:1 assumption. Dilution can cause the stock to go down because of FUD of financial health. It can go up because of strong leadership and optimistic futures. It's not occurring in a vacuum where $1 is 1 share and +$1 to company worth.

Yes but a company doing something that causes the market to value shares less isn’t dilution. The fact that you know how the market will respond to companies raising capital by issuing new shares doesn’t change the legality of it.

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

#392

Post by thinkmassive »

Interesting that the terms "keybase" "steller" "lumens" haven't showed up once on this page yet, considering how similar this seems to what Keybase did by integrating Stellar Lumens, and going downhill from there.

Hopefully Matrix/Element continues on their current path and doesn't ruin their chat protocol/client by pushing some altcoin onto their userbase.

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

#393

Post by crtasm »

reader_mode wrote: post #337
sequoia wrote: post #219

Earlier quoted context omitted.

> Early in Signal's development they would add privacy features. Lately they have been adding social features. This is intentional and relates to Signal's growth in the past few years. It's not "a hacker tool for nerds" it's "a friendly, easy to use chat app with stickers & voice messages (also strong encryption)." IRC does one thing and does it well, and barely anyone uses it. The "clean technical vision" story isn'…

> a friendly, easy to use chat app with stickers & voice messages (also strong encryption). Except it's not, strong encryption and privacy emphasis goes against easy to use. I recently got my family to switch to Telegram (because I like the interface) - my sister works in an environment where she has to have a separate work phone without a camera and everything synced up out of the box, history, etc. Brother lost his…

I don't disagree that Telegram storing everything on their servers is very convenient, but:

> you don't even sync between active devices

I use Signal on a phone and a laptop, switching between the two frequently throughout the day and see the same conversations on both. (Edit: I realised you probably meant multiple phones, yes I see that's not yet supported.)

>and you can forget about having old conversations on a new device.

There's been a manual, secure transfer process between Android devices for years. More recently they've added an easy OTA transfer process for Android->Android, or iOS->iOS.

Here's the iOS announcement: https://signal.org/blog/ios-device-transfer/

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

#394

Post by olah_1 »

Forbo wrote: post #207
olah_1 wrote: post #140

Earlier quoted context omitted.

This is either the mandela effect (I know for a fact that the server was stuck on "April 2020" for at least 6 months), or Signal intentionally hid development and then revealed it all when they realized it was bad PR.

I saw that not too long ago myself. Purely speculation here, but perhaps they opted not to publish any commits until they had a chance to have their MobileCoin implementation audited? Just wish they had been more forthcoming about why they were not pushing commits.

How could they pump the coin overnight if they were forthcoming about their roadmap?

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

#395

Post by robjan »

This reminds me of when Keybase integrated Stellar Lumens. It was never the same again.

If they really must integrate crypto with the main app I'd rather they used a stablecoin since a highly volatile cryptoasset isn't very useful. Also, I can't be bothered with the tax implications.

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

#396

Post by ALittleLight »

blackearl wrote: post #314
PragmaticPulp wrote: post #261

Earlier quoted context omitted.

> Value is lost to existing shareholders who have the value of their shares diluted. You're confusing percentage dilution with absolute diluation. The shares represent the value of the company. The value of the company has increased by the amount of money raised. Each share represents a lower percentage of the company, but this is offset by the fact that the value of the company has increased by the amount of money r…

You continue to make a 1:1 assumption. Dilution can cause the stock to go down because of FUD of financial health. It can go up because of strong leadership and optimistic futures. It's not occurring in a vacuum where $1 is 1 share and +$1 to company worth.

But raising money might also cause the stock to go up, right? More investment signals confidence and planned growth. More people may want to buy in.

Issuing new shares is not always a good move and sometimes it might cause investors to lose money and percentage ownership, but sometimes it might be a good move and result in investors gaining money (though still getting their ownership diluted).

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

#397

Post by challengly »

bilal4hmed wrote: post #103

With Signal not releasing their server code and now this, I regret using and asking a good chunk of my base to move to Signal.

Same. It's extremely concerning. Where's the transparency? If the backend has been compromised and turned into a honeypot, how would we know?

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

#398

Post by CryptoPunk »

CynicusRex wrote: post #166
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.

No “pre-mine” doesn't mean fairly distributed. Bitcoin is a multi-level marketing pyramid scheme as well. Early adopters mine or buy large proportions at negligible prices while late adopters mine or buy negligible proportions at large prices.

By that definition, any stock or collectible is a "multi-level marketing pyramid scheme". A multi-level marketing or pyramid scheme is not defined as anything where early adopters might have purchased it at a lower price than later adopters.

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

#399

Post by kokx »

rOOb85 wrote: post #212
tradertef wrote: post #124

Earlier quoted context omitted.

They hold majority.. Geee 1 hour ago | unvote [–] 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.

I haven't seen any sources to back that up. Just that one comment claiming those facts.

On the other hand, these comments are only met with responses indicating that the source for that is an old whitepaper without any more information. While the person replying is the MobileCoin CEO. So they at least try to embellish the current situation in some way. Which doesn't tell me much good.

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

#400

Post by CryptoPunk »

PragmaticPulp wrote: post #201
anonporridge wrote: post #178

Earlier quoted context omitted.

By this definition, every company stock is a multi-level marketing pyramid scheme. In fact, company stock is WAY worse, because the majority of people are legally prohibited from investing in private companies unless they're an accredited investor (already rich). So, only rich people (other than founders and early employees) are allowed to buy in at super low prices before handing off the bag to the public.

This is incorrect. Stock represents actual ownership of a scarce resource (a company). That company would have value whether or not it was explicitly sold as a stock. The value doesn’t come from the stock. Cryptocurrency removes the underlying asset and simply sells shares of artificial scarcity. It’s only as valuable as what people decide to trade it at, because it doesn’t represent ownership of anything other than…

>>This is incorrect. Stock represents actual ownership of a scarce resource (a company).

He's referring to the grandparent comment's definition, not yours. The GP's definition is:

>>Early adopters mine or buy large proportions at negligible prices while late adopters mine or buy negligible proportions at large prices.

By that definition, anything that goes up in value is a "multi-level marketing pyramid scheme".

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