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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: 0.216s | 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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bigiain ◴[06 Apr 21 22:59 UTC] No.26718428[source]▶
> Bitcoin had no pre-mine

/me glances at the great big pile of Satoshi coins...

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gruez ◴[06 Apr 21 23:19 UTC] No.26718571[source]▶
large stash =/= premine
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neolog ◴[07 Apr 21 00:03 UTC] No.26718904[source]▶
What's the difference in practice?
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1. gruez ◴[07 Apr 21 00:13 UTC] No.26718982[source]▶
That moves the goalposts from "did satoshi premine?" a question with a well-defined criteria, to something more vague like "is bitcoin fairly distributed?", which opens a can of worms regarding what "fair" means.