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Do you have reason to believe MobileCoin scales any better than any other open blockchain protocol? I doubt it. Also, payments with free floating crypto like M
by anonporridge 5y ago
Do you have reason to believe MobileCoin scales any better than any other open blockchain protocol? I doubt it.
Also, payments with free floating crypto like MobileCoin and bitcoin really isn't practical in most of the western world, due to the requirements of capital gains tax reporting, not to mention the instability of the price.
MobileCoin is seriously behind the ball on this, even though it's a problem being actively solved on bitcoin's lightning network, https://seekingalpha.com/article/4459757-biggest-bitcoin-development-you-should-know-is-strike https://seekingalpha.com/article/4459757-biggest-bitcoin-dev...
- fauigerzigerk 5y agoThat’s right and I stopped using Signal for that reason. Tax authorities have every right to look into any account that facilitates transactions in taxable assets (even just to confirm that no transactions have taken place) I have nothing in principle against crypto currencies and I am very much in favour of strong privacy for personal communication, but mixing the two is obviously contradictory. It completely defeats the purpose of Signal.
- davidgerard 5y agoalso, MobileCoin is a permissioned blockchain with four nodes. It's the embodiment of "it's just a slow database."
- anonporridge 5y agoDo you have a source for this?
- davidgerard 5y agohttps://web.archive.org/web/20210408011945/https://www.mobilecoin.foundation/foundation-trusted-nodes https://web.archive.org/web/20210408011945/https://www.mobil... That was as of last April, the page has now been removed.