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The mobile coin pumpup powered by the nonprofit Signal Foundation was weird. They got the coin up to $60 from something like $3. This starts to be another hus
by onphonenow 5y ago
The mobile coin pumpup powered by the nonprofit Signal Foundation was weird.
They got the coin up to $60 from something like $3.
This starts to be another hustle (and with the money folks can make exploiting a nonprofit in this way no surprise really).
Normally the nonprofit would own the asset it is improving in this situation or get a BIG cut of the upside for leveraging an asset like the Signal network (just as any crypto coin company would).
In this case it all seemed very very shady.
My guess is someone wants to cash out somewhere on using the nonprofit to pump things up perhaps? I'd pay attention to what they are doing in the crypto space recently to see if there are any correlated activities
- tasha0663 5y agoYeah, I hate to get all tinfoil, but something smells off. MobileCoin patent: https://patents.google.com/patent/US20200184467A1/en https://patents.google.com/patent/US20200184467A1/en One of the men listed on there was the subject of a wild gossip thread that had to be deleted here recently. One is the MobileCoin CEO. The other is dead.
- hammyhavoc 5y agoCare to explain more? Maybe an archive.org link?
- cosmojg 5y agoWell, there's this: https://news.ycombinator.com/item?id=29816098 https://news.ycombinator.com/item?id=29816098
- ignoramous 5y ago
- onphonenow 5y agoGoodness - that's a lot more wild then I thought it would be. But there is something about nonprofit pumping a crypto which may benefit directors of the nonprofit that strikes me as weird with signal.
- niij 5y agoYikes, I've never seen a HN thread with active censorship.. [name redacted]. Pretty wild thread.
- boeingUH60 5y agoDamn. That’s the wildest thread I’ve encountered on HN.
- distalx 5y ago
- ARandomerDude 5y ago> had to be deleted I think you mean "was censored."