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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: 0.197s | 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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1. m463 ◴[07 Apr 21 16:10 UTC] No.26726961[source]▶
> and has been fairly distributed from the start.

except for that giant cache of untouched (so far) bitcoins from the start.

> Blockchain analysts estimate that Nakamoto had mined about one million bitcoins before disappearing in 2010

https://en.wikipedia.org/wiki/Bitcoin#Creation