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Signal adds a payments feature with a privacy-focused cryptocurrency

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544 points josh2600 | 1 comments | 06 Apr 21 16:23 UTC | HN request time: 0.215s | source
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Geee ◴[06 Apr 21 18:14 UTC] No.26715348[source]▶
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.
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rOOb85 ◴[06 Apr 21 20:52 UTC] No.26717253[source]▶
Can you post your source for these claims?
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1. Geee ◴[06 Apr 21 21:01 UTC] No.26717342[source]▶
It's in the whitepaper. There are 250 million coins in total, and 37.5 million were sold in the ICO. I couldn't find any information on further distribution or monetary policy, so I assume the founders still hold them.