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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
by 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 agoThe 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 agoThe 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.