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544 points josh2600 | 1 comments | | HN request time: 0.198s | source
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Geee ◴[] 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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MichaelMoser123 ◴[] No.26720601[source]
look at the chart: https://coinmarketcap.com/currencies/mobilecoin/

the integration with signal made the valuation of mobilecoint jump from around zero to 65$. I hope the signal team got some mobilecoins in return for the favor.

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1. Hbruz0 ◴[] No.26723133[source]
Wtf is that dip to $33 ?