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Thanks to you and the others who responded with information. Looks like some of the claims I highlighted above cannot be sourced at all, and others can only be

Thanks to you and the others who responded with information. Looks like some of the claims I highlighted above cannot be sourced at all, and others can only be sourced to a whitepaper that the developers are distancing themselves from. So... Yeah, being downvoted and flagged really showed me, I guess.

marcinzm 6y ago
When massive amounts of money are involved than a cynical take is the right take. The burden on proof is on the company to show that they are working in good faith not for everyone to assume they are working in good faith. Hiding things, denying association with things and avoiding questions should not be taken as a good faith effort but rather as proof of bad faith. I think we've had enough crypto scams by now to no longer be naively optimistic about them. edit: You can see in this very thread the CEO use every weasel words way of avoiding directly answering how many coins they currently hold. A very simple question which is always answered in a way which doesn't answer it.
- tom_mellior 6y ago
  I didn't mean to suggest that everything is fine with MobileCoin! Quite the contrary, it appears to be a complete shitshow. But in ways that are different from what the featured article claimed. I'm very much opposed to Stephen Diehl's default approach of "everything to do with cryptocurrency is a scam, because I say so". Many things (probably including MobileCoin) are scams, but proper sources are still needed, and it's good to keep factual criticism separate from vague allusions to unnamed exchanges in some Caribbean country or another.
  - marcinzm 6y ago
    The issue is that by the time you have found enough proper sources, especially with the scammers actively making it harder, the scam will have been done with and paid out to the scammers. So the only logical approach I feel is to assume it's a scam unless those involved put the effort into proving otherwise.
    - tom_mellior 6y ago
      The author has obviously "found enough proper sources" because they were able to quote the figure about the issuers controlling 85% of the supply etc. It's really not too much to ask to link to the place where they read this.

marcinzm 6y ago

When massive amounts of money are involved than a cynical take is the right take. The burden on proof is on the company to show that they are working in good faith not for everyone to assume they are working in good faith. Hiding things, denying association with things and avoiding questions should not be taken as a good faith effort but rather as proof of bad faith. I think we've had enough crypto scams by now to no longer be naively optimistic about them. edit: You can see in this very thread the CEO use every weasel words way of avoiding directly answering how many coins they currently hold. A very simple question which is always answered in a way which doesn't answer it.

tom_mellior 6y ago
I didn't mean to suggest that everything is fine with MobileCoin! Quite the contrary, it appears to be a complete shitshow. But in ways that are different from what the featured article claimed. I'm very much opposed to Stephen Diehl's default approach of "everything to do with cryptocurrency is a scam, because I say so". Many things (probably including MobileCoin) are scams, but proper sources are still needed, and it's good to keep factual criticism separate from vague allusions to unnamed exchanges in some Caribbean country or another.
- marcinzm 6y ago
  The issue is that by the time you have found enough proper sources, especially with the scammers actively making it harder, the scam will have been done with and paid out to the scammers. So the only logical approach I feel is to assume it's a scam unless those involved put the effort into proving otherwise.
  - tom_mellior 6y ago
    The author has obviously "found enough proper sources" because they were able to quote the figure about the issuers controlling 85% of the supply etc. It's really not too much to ask to link to the place where they read this.