Signal adds a payments feature with a privacy-focused cryptocurrency

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.

Bitcoin rates worse than North Korea in terms of wealth distribution as measured by the Gini coefficient. [1]

[1] https://blog.dshr.org/2018/10/gini-coefficients-of-cryptocur...

All calculations of this sort are fatally flawed because they assume all the coins in one address are owned by one person. That would be like calculating the US Gini coefficient assuming that all bank accounts are owned by the CEO of the bank.

Who shares a bitcoin wallet or operates one like a bank? If anything the opposite is more likely, several bitcoin wallets belong to single individuals, probably in particular for some of the high net worth ones in an attempt to obfuscate ownership, which if anything, understates how concentrated it is.