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Why so? Moxie helped design MobileCoin. Besides, his recent post on web3 lays it bare what he thinks of it. MobileCoin, in time, I hope grows up to be a credib
by ignoramous 5y ago
Why so? Moxie helped design MobileCoin. Besides, his recent post on web3 lays it bare what he thinks of it.
MobileCoin, in time, I hope grows up to be a credible alternative to Facebook's USDP (Diem), like how Signal is to WhatsApp. I don't think its inclusion a head-scratcher at all. If anything, I hope it serves its purpose well, and isn't unfairly regulated to oblivion.
- phgn 5y agoI got the impression that his web3 post [0] only talks about token incentives, DAOs and other decentralisation for decentralisation's sake. There's no mention of MobileCoin, which I gather he just sees as tool to facilitate anonymous payments (it's a token on top of Stellar). [0] https://moxie.org/2022/01/07/web3-first-impressions.html https://moxie.org/2022/01/07/web3-first-impressions.html
- gojomo 5y agoThough MobileCoin may have borrowed a consensus mechanism from Stellar, I've seen no indication that it's a token on the Stellar chain.
- phgn 5y agoYou're right, sorry I have misread this then. According to Wikipedia, MobileCoin uses its own blockchain based on mechanics from Stellar and Monero [0]. That also makes a lot more sense technically, and explains the supposed 4 years of development [1]. [0] https://en.wikipedia.org/wiki/MobileCoin https://en.wikipedia.org/wiki/MobileCoin [1] https://news.ycombinator.com/item?id=26726246 https://news.ycombinator.com/item?id=26726246