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"Marlinspike notes, however, that neither he nor Signal own any MobileCoins." https://www.wired.com/story/signal-mobilecoin-payments-messaging-cryptocurrency/ h

• RL_Quine 6y ago
  > "Moxie, as an individual, is a paid technical advisor to MobileCoin" https://news.ycombinator.com/item?id=26715013 https://news.ycombinator.com/item?id=26715013 This seems incompatible with the spirit of the quote in the article.
  • hiq 6y ago
    That's significant in this space, because it implies that he does not benefit directly[0] from speculation on MOB, and so has less incentives to get involved in a pump and dump. What I would still like to see for more transparency: - legal commitment from the Signal Foundation that no employee owns any MOB - disclosure of money transfers between MobileCoin and any Signal Foundation employee Maybe some of this information could already be extracted given the statuses of the entities involved? [0]: he benefits indirectly because if MobileCoin stays up, he'll probably stay as a technical advisor
  • mfsch 6y ago
    The article says “Marlinspike has served as a paid technical adviser for the project since its inception” in the same paragraph, so I would say the article is quite clear on the financial relationship.
• maclured 6y ago
  Yet. There are a couple of trivial ways they could end up with loads of coins and this statement could still be true as of the date of the quote.
• EMM_386 6y ago
  Are we talking about both Signals, or just the non-profit Foundation here? What about the LLC? https://en.wikipedia.org/wiki/Signal_Foundation https://en.wikipedia.org/wiki/Signal_Foundation
• ascorbic 6y ago
  But does he own any shares or options in MobileCoin Inc?