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.

The founding organization owns 85% of the total market cap of a coin? That should be raising red flags for everyone involved.

There is no valid reason for the vast majority of what is supposedly a currency to be owned by the company that created it. Imagine if PayPal launched but required everyone to transact in fractional shares of PayPal to get anything done. Oh and by the way, those shares are majority owned by the founders, but they’ll sell you some so you can send them to your friends.

This is ridiculous.

The majority of the MobileCoins are available for purchase for non-us persons at https://www.buymobilecoin.com right now.

The slashdot effect triggered Cloudflare’s DDoS protection and is returning errors for that page.

No, this is just what happens when you try to hit the page from a US IP address.

Why are you blocking the US?