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Simplex is also going down the crypto drain, they're starting their own coin.
by HNisCIS 10mo ago
Simplex is also going down the crypto drain, they're starting their own coin.
- irusensei 10mo agoDidn't knew. Do you have a source on that? Can't see any mention of coins in their blog. Are you maybe referring to the crypto exchange with the same name that normally appears on top of google searches?
- thayne 10mo agoI would guess they are referring to https://simplex.chat/vouchers/ https://simplex.chat/vouchers/ Not exactly making their own "coin", but definitely involved with cryptocurrency, and if I understand correctly, the vouchers themselves involve blockchain.
- epoberezkin 10mo agoThat is untrue. We do not plan any coins. We plain a private payment mechanism for the servers that will utilize blockchain for valid reasons - we call it Community Vouchers. But they are not coins, they are service credits that cannot be created out of nothing (as coins) and cannot be sold - they can only be used to pay for the servers. It's covered here: https://simplex.chat/vouchers https://simplex.chat/vouchers Whitepaper on that design will be published in early 2026. Disclaimer: I designed SimpleX network
- wkat4242 10mo agoHmm that's still very 'crypto'. I understand that servers need to be paid for but that's why I run my own matrix server. So I pay for that and for the users on it. Much nicer than having to trust another party to run them.
- adamthegoalie 10mo agoWhat’s wrong with being “very ‘crypto’” when you use a real use case crypto can solve?
- j45 10mo agoFeels like a use of a ledger technology where everyone is a stranger in a way that isn't a credit and debit system in a relational databse.
- chaps 10mo ago"Buy Community Vouchers. Initially you would pay with a stablecoin (USDT/USDC). " You're literally requiring people to buy specific cryptocurrencies to buy your community vouchers.