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They begin by describing what I had in mind when they said "Signal will integrate payments": some kind of framework for existing wallets/exchanges to send info
by Thorentis 6y ago
They begin by describing what I had in mind when they said "Signal will integrate payments": some kind of framework for existing wallets/exchanges to send info via Signal that enables transactions to take place. QR codes that are "auto scanned" (like paper wallets that can be swiped), or something else entirely. I thought they would focus on building this framework, making it available to the crypto community, and then seeing what happens.
Instead, they are still pushing their own coin, which has been heavily criticised for many reasons. They mention in the article that many cryptos have been nothing but "asset speculation" for a while. Well then why did the Mobile Coin creators premine so many coins? If they don't want to speculate on the value of their coin, why not just release it into the wild from Day 1? Every crypto founder cannot escape the FOMO of the Bitcoin era. They all wish they had made it big like some of the early lucky Bitcoin adopters, and no amount of grandstanding, or tech speak is going to convince me otherwise about any crypto founder.
- EMM_386 6y ago> They all wish they had made it big like some of the early lucky Bitcoin adopters, and no amount of grandstanding, or tech speak is going to convince me otherwise about any crypto founder If you do the math on the 80% ownership of coins, total coins, the ridiculous price ramp that occurred before this was even announced, and the current price ... some people did "make it big". Very big. https://coinmarketcap.com/currencies/mobilecoin/ https://coinmarketcap.com/currencies/mobilecoin/
- qqii 6y agoThere's a difference between how many Mobile Coin premined (all of them) and how many they currently own, aren't available for sale and was sold for partners at what price. Unfortunately their CEO has made no comment about this distribution or why they chose this as their coin distribution strategy. The topic is nuanced but it is very suspect they didn't select a more fair strategy.