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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: 0.233s | source
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raspyberr ◴[06 Apr 21 20:28 UTC] No.26716994[source]▶
Super sad that they didn't choose Monero.
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AfouToPatisa ◴[06 Apr 21 21:18 UTC] No.26717512[source]▶
Multiple reasons why MOB over monero but I will state only the most practical one, using the stellar consensus a tx takes 3-5sec. With monero that's more like 1-2mins if Im not mistaken which is a big no-no for the usecase of instant mobile private payments. Fees are also super low w/ mob (0.01)

TLDR: UX

replies(1): >>26718184 #
selsta ◴[06 Apr 21 22:29 UTC] No.26718184[source]▶
XMR transaction can show up instantly once they are in the mempool, a user does not have to wait for a confirmation to see a transaction. Obviously there are uses where you want to wait for confirmations, but for the use case of sending money to friends it isn't necessary.

Fees are also in a similar range (0.01).

replies(1): >>26720776 #
1. AfouToPatisa ◴[07 Apr 21 05:01 UTC] No.26720776[source]▶
Using 0-conf is restricting usage to "friends only" which is a tiny subset of who you may want to send money too so I think you've already answered this.

Also moxie replied in his twitter about why not monero stating they wanted a "non custodial" integration, not sure what he means but you can ask him.