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Signal adds a payments feature with a privacy-focused cryptocurrency

(www.wired.com)
544 points josh2600 | 5 comments | 06 Apr 21 16:23 UTC | HN request time: 1.47s | source
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raspyberr ◴[06 Apr 21 20:28 UTC] No.26716994[source]▶
Super sad that they didn't choose Monero.
replies(5): >>26717040 #>>26717101 #>>26717512 #>>26718100 #>>26718787 #
1. matheusmoreira ◴[06 Apr 21 20:37 UTC] No.26717101[source]▶
That was my first thought as well. Why didn't they pick Monero? I don't see how any other coin could be better.
replies(3): >>26717262 #>>26717505 #>>26717701 #
2. justupvoting ◴[06 Apr 21 20:53 UTC] No.26717262[source]▶
Only thing I can think of off the top of my head is optics (most of the installed userbase for signal has probably only ever heard of monero in a negative light).
3. wjntzf ◴[06 Apr 21 21:17 UTC] No.26717505[source]▶
No near-instant confirmation, maybe. At first glance not a big problem for users, but can run you into a lot of problems
replies(1): >>26718828 #
4. PragmaticPulp ◴[06 Apr 21 21:38 UTC] No.26717701[source]▶
Using an established cryptocurrency doesn’t provide a good way for them to profit.

MobileCoin is pre-mined and the majority of coins are held by founders and the MobileCoin organization. They want to sell you coins, so partnering with Signal to force you to buy their coins to transact on the app gives them a revenue stream.

If they simply added Monero, they wouldn’t be able to sell you coins.

5. qqii ◴[06 Apr 21 23:51 UTC] No.26718828[source]▶
That's not a problem if you accept transactions in the mempool.