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Signal adds a payments feature with a privacy-focused cryptocurrency

(www.wired.com)
544 points josh2600 | 3 comments | 06 Apr 21 16:23 UTC | HN request time: 0s | source
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edsimpson ◴[06 Apr 21 17:03 UTC] No.26714401[source]▶
MobileCoin looks fantastic! Seems to solve the major pain points of Bitcoin: fast transactions, low transaction fees, private and no massive environmental impact with mining. Any ETA on when this will come to the USA?
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hhjj ◴[06 Apr 21 17:49 UTC] No.26715052[source]▶
Looks like it depends on SGX, so basically delegates trust to Intel. Bitcoin doesn't depend on trusting anyone.
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1. crystaln ◴[06 Apr 21 18:04 UTC] No.26715232[source]▶
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.
replies(2): >>26717207 #>>26718166 #
2. sudosysgen ◴[06 Apr 21 20:48 UTC] No.26717207[source]▶
Many cryptos offer forward secrecy and completely opaque ledgers without any reliance on SGX.
3. hhjj ◴[06 Apr 21 22:28 UTC] No.26718166[source]▶
Why does the FAQ 2. say i have to run consensus-service with intel SGX to participate with other validation nodes ? Doesn't that imply the consensus is dependent on SGX ?