←back to thread

Signal adds a payments feature with a privacy-focused cryptocurrency

(www.wired.com)
544 points josh2600 | 1 comments | 06 Apr 21 16:23 UTC | HN request time: 0.194s | source
Show context
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.
replies(15): >>26716669 #>>26717253 #>>26717289 #>>26717334 #>>26717384 #>>26717443 #>>26717846 #>>26717892 #>>26718428 #>>26718433 #>>26718469 #>>26720601 #>>26721205 #>>26726961 #>>26727388 #
1. ChainOfFools ◴[06 Apr 21 23:00 UTC] No.26718433[source]▶
> There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed.

more of the same cryptocurrency themes:

1. decentralization for Thee and not for Me

2. regulated by math.... aaand the developers' / founders enormous, unaccountable and unilateral leverage over liquidity.