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Yes, I've read that. I find it a stretch to draw that conclusion though, as if it's some back door deal for funding. For all the criticisms of cryptocurrency (

Yes, I've read that. I find it a stretch to draw that conclusion though, as if it's some back door deal for funding. For all the criticisms of cryptocurrency (and I have many...), I don't particularly see anything on MobileCoin's work that indicates the usual shady cryptocurrency stuff. I'm not sure it belongs in Signal, but I do think this stuff can be evaluated without people starting conspiracy theories.

freeone3000 6y ago
It's literally a quid pro quo? What conspiracy theory do you need here?
- Klonoar 6y ago
  I don't see how it's a quid pro quo for someone like Moxie, with his background, to advise a project for years and then work with them to integrate it given the alignment with regards to privacy initiatives. I find it conspiracy-theory in nature to assume otherwise; I think it could've been handled better from a server source code side but I don't really see why this has to be an assumed bad faith thing.
  - tsimionescu 6y ago
    It's quid pro quo to include an obscure scam coin out of the blue into an entirely unrelated product, with a public promise from the scam club owners to donate their money to your business. The fact the the owner of signal had already been associated with MobileCoin for a long time makes it worse, not better.
    - Klonoar 6y ago
      ...no, the fact that the founder of Signal advised it for years indicates it's not an "obscure scam coin" from out of the blue. If Signal had built this themselves, in house, nobody would bat an eye. You're stretching hard here.
      - tsimionescu 6y ago
        Signal including a cryptocoin came completely out of the blue (well, apparently there were rumors, but that doesn't mean it was an expected change). MobileCoin is also deeply suspicious in its mining model, and is not some well known coin.
hn8788 6y ago
The CEO said: > I love Signal and I started MobileCoin to help fund their work. I don't see how it's a conspiracy theory that this is a backdoor way of funding Signal when the CEO literally says that MobileCoin was created as a way to fund Signal.
- Klonoar 6y ago
  Yeah, I don't really see anything particularly wrong with that. I'd be more bothered by it if Signal wasn't a nonprofit. Is it potentially a bad business model? Yeah. Is it necessarily some backdoor funding deal? I dunno, I don't really buy it.
marcinzm 6y ago
It's not a conspiracy when it's all out in the open. Calling things you don't like a conspiracy theory to discredit them is a poor form of argument. A bunch of decently well of people decided to do a few handshake deals to make each other a whole bunch of money. That's how most of the world rolls so this is simply par for course.
- Klonoar 6y ago
  >It's not a conspiracy when it's all out in the open. Calling things you don't like a conspiracy theory to discredit them is a poor form of argument. This statement would work better if that's what I was doing, but I'm not. You (and nobody else) on this thread knows for sure what's going on there, and if Moxie's been advising MobileCoin for years I don't see how it falls under a handshake deal. There is nothing to indicate that he, or Signal, are directly profiting from this, other than some MobileCoin people saying they want to donate to Signal (which is a good thing - I'm really not bothered by that particular point).
- stjohnswarts 6y ago
  If the owners of MobileCoin own 85% of existing coins which at current rates is valued at $14 billion, you actually expect they're not in this to liquidate their coin for that $14 billion if they can snooker people into using it?

freeone3000 6y ago

It's literally a quid pro quo? What conspiracy theory do you need here?

Klonoar 6y ago
I don't see how it's a quid pro quo for someone like Moxie, with his background, to advise a project for years and then work with them to integrate it given the alignment with regards to privacy initiatives. I find it conspiracy-theory in nature to assume otherwise; I think it could've been handled better from a server source code side but I don't really see why this has to be an assumed bad faith thing.
- tsimionescu 6y ago
  It's quid pro quo to include an obscure scam coin out of the blue into an entirely unrelated product, with a public promise from the scam club owners to donate their money to your business. The fact the the owner of signal had already been associated with MobileCoin for a long time makes it worse, not better.
  - Klonoar 6y ago
    ...no, the fact that the founder of Signal advised it for years indicates it's not an "obscure scam coin" from out of the blue. If Signal had built this themselves, in house, nobody would bat an eye. You're stretching hard here.
    - tsimionescu 6y ago
      Signal including a cryptocoin came completely out of the blue (well, apparently there were rumors, but that doesn't mean it was an expected change). MobileCoin is also deeply suspicious in its mining model, and is not some well known coin.

hn8788 6y ago

The CEO said: > I love Signal and I started MobileCoin to help fund their work. I don't see how it's a conspiracy theory that this is a backdoor way of funding Signal when the CEO literally says that MobileCoin was created as a way to fund Signal.

Klonoar 6y ago
Yeah, I don't really see anything particularly wrong with that. I'd be more bothered by it if Signal wasn't a nonprofit. Is it potentially a bad business model? Yeah. Is it necessarily some backdoor funding deal? I dunno, I don't really buy it.

marcinzm 6y ago

It's not a conspiracy when it's all out in the open. Calling things you don't like a conspiracy theory to discredit them is a poor form of argument. A bunch of decently well of people decided to do a few handshake deals to make each other a whole bunch of money. That's how most of the world rolls so this is simply par for course.

Klonoar 6y ago
>It's not a conspiracy when it's all out in the open. Calling things you don't like a conspiracy theory to discredit them is a poor form of argument. This statement would work better if that's what I was doing, but I'm not. You (and nobody else) on this thread knows for sure what's going on there, and if Moxie's been advising MobileCoin for years I don't see how it falls under a handshake deal. There is nothing to indicate that he, or Signal, are directly profiting from this, other than some MobileCoin people saying they want to donate to Signal (which is a good thing - I'm really not bothered by that particular point).
stjohnswarts 6y ago
If the owners of MobileCoin own 85% of existing coins which at current rates is valued at $14 billion, you actually expect they're not in this to liquidate their coin for that $14 billion if they can snooker people into using it?