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Woah so MobileCoin implements everything Monero has but with the Stellar/Ripple consensus model and uses intel SGX coprocessor? That’s kind of interesting, che
by vmception 6y ago
Woah so MobileCoin implements everything Monero has but with the Stellar/Ripple consensus model and uses intel SGX coprocessor?
That’s kind of interesting, cheap fast transactions, not proof of work, and only the validators have the SGX burden (Secret network does something like this with SGX for private-ish smart contract execution)
So we dont like the premine and the forced integration and pump, which is meh to me, everything is premined these days I cant care much about that.
I’m actually surprised it has some cool technology involved, most “privacy” coins dont pass the smell test and with a name like MobileCoin I just assumed the worst, but I still have to laugh that the purchasers had to do KYC then.
Oh crypto.
Its pretty clear that they omit some information to give people less to disagree with. They pump it and sell, thats going to happen. I don’t care much about that either, speculators are going to get sold into, that’s not even controversial.
The Signal forced integration is grimy.
I still wish there was a stable privacy coin. USDC and DAI on Tornado.cash is okay, but too few inputs to mix with. Mobilecoin doesnt solve that, just another volatile asset.
- DyslexicAtheist 6y agoSignal used SGX already before MobileCoin (for their contacts). "SGX is a pile of hacks in a trenchcoat pretending to be a secure enclave" --- paraphrasing the only correct summary of this technology.
- vmception 6y agoI'm fine with all of those realities for this use case.
- qqii 6y agoPerhaps you'd be interested in TUSD on SCRT[0] (or any bridged stablecoin) that can be wrapped in SNIP-20[1]. As far as I know this is as private as you'll get when it comes to a stablecoin. Partisia[2] (currently in beta) and Tari[3] could provide something similar. [0] https://scrt.network/blog/secret-network-ecosystem-update-january-2021 https://scrt.network/blog/secret-network-ecosystem-update-ja... [1] https://github.com/SecretFoundation/SNIPs/blob/master/SNIP-20.md https://github.com/SecretFoundation/SNIPs/blob/master/SNIP-2... [2] https://partisiablockchain.com/#/ https://partisiablockchain.com/#/ [3] https://www.tari.com/ https://www.tari.com/
- vmception 6y agoI was just laughing the other day on how tari is still vaporware
- vmception 6y agoYeah I’ll do some tests on bridged Secret assets I think by being SNIP-20 they would hide the amounts by nature of the private smart contract execution but would still show the sending address, perhaps the receiving address would be hidden as well due to the private smart contract execution. I haven't used it yet because I havent acquired any SCRT for the transaction fees on that blockchain, but any variable should be hidden for a smart contract (of which tokens are), while the initiating address writing to the blockchain would by visible for consensus purposes and state management. I’ll give it a whirl.