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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: 0.211s | 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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guidingtunnel ◴[06 Apr 21 23:04 UTC] No.26718469[source]▶
> Bitcoin had no pre-mine and has been fairly distributed from the start.

Except for that small initial 1 million that stayed with Adam

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1. gruez ◴[06 Apr 21 23:13 UTC] No.26718525[source]▶
That's not what pre-mine means. As for "fairly", that's debatable because it's unclear what "fair" means. Should everyone on earth get the same amount? That would be the most "fair". How would the logistics of that work, for a cryptocurrency? What about all the people born after 2009?