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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: 0.02s | 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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orph ◴[06 Apr 21 21:01 UTC] No.26717334[source]▶
Even UK-only release in Signal means more people with cryptocurrency wallets than all other cryptocurrencies combined.
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qertoip ◴[06 Apr 21 21:24 UTC] No.26717566[source]▶
MobileCoin is not a cryptocurrency.
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otoburb ◴[06 Apr 21 21:32 UTC] No.26717645[source]▶
The Wired article that the CEO of Mobilecoin is implicitly endorsing in this thread specifically categorizes Mobilecoin as a cryptocurrency. At least, it doesn’t seem to be a distinction worth splitting hairs about (yet).
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qertoip ◴[07 Apr 21 09:38 UTC] No.26722395[source]▶
I don't give a shit about Wired categorization. MobileCoin is a company. It has a fucking CEO. Cryptocurrency is by definition decentralized.
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1. xorcist ◴[07 Apr 21 11:36 UTC] No.26723352[source]▶
That particular ship has sailed. Much like people calling cryptocurrency "crypto", it's windmills all the way.