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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: 0.202s | 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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CynicusRex ◴[06 Apr 21 21:05 UTC] No.26717384[source]▶
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.
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1. olah_1 ◴[06 Apr 21 21:15 UTC] No.26717475[source]▶
The gold and oil rushes weren't "fair" either. Fortune favors the bold, I guess. I was salty for a long time about bitcoin early buyers being filthy rich now. My saltiness clouded my vision of the real value there. Granted, I think there are better solutions than bitcoin now, but I respect it.