josh2600

19 ms·

1. 181.▲
   by josh2600 6y ago

   I am going to do an AMA over at r/signal on Tuesday at 10am; please save questions for over there as I have to get back to work. I'll say this: the punchline here, as I'm sure you're aware, is that there are limitations
2. 182.▲
   by josh2600 6y ago

   The MobileCoin Foundation only publishes software, the nodes decide whether they want to run that software or not. Ultimately all of the nodes can run whatever code they want and call it MobileCoin if they can agree upon it. The governance
3. 183.▲
   by josh2600 6y ago

   Out of an abundance of caution and advice from our counsel. The regulatory landscape in the United States is complicated. It is hard to predict what is and what is not ok. We tend to be far more conservative than other players in the space.
4. 184.▲
   by josh2600 6y ago

   The pre-mine has to do with using stellar consensus protocol. Basically if you don't have staking or mining (which I personally believe are detrimental to the longevity of these networks) then you end up with a pre-mine. Essentially al
5. 185.▲
   by josh2600 6y ago

   Do you have a design proposal for such a system?
6. 186.▲
   by josh2600 6y ago

   We designed it to scale to 1B users. I can grab someone from eng to give the exact numbers but it'll be a long time before we have issues with storage.
7. 187.▲
   by josh2600 6y ago

   Monero isn't fast enough and doesn't support transaction recovery (it also has probabilistic linkage which MobileCoin doesn't due to our use of secure enclaves). We spent almost 18 months building MobileCoin Fog to solve the
8. 188.▲
   by josh2600 6y ago

   Yes the problem with Grin is that it allows perfect input/output linkage (see: https://github.com/mimblewimble/docs/wiki/Grin-Privacy-Prime... under information leakage). Grin also doesn't meet our
9. 189.▲
   by josh2600 6y ago

   We don't vet node operators. Node operators each individually choose who to peer with in a liquid democracy. Anyone can peer with anyone else; consensus is an emergent property of the graph.
10. 190.▲
    by josh2600 6y ago

    This is not a stablecoin. MobileCoin has plans around stablecoins in short order that will allow users to transparently get back to stability on their transactions, but those aren't available on day 1.
11. 191.▲
    by josh2600 6y ago

    This is hard because we don't have any control over the price of the coin whatsoever :(. We don't sign any listing agreements or do market making or pay exchanges anything to list. We literally haven't done anything except pu
12. 192.▲
    by josh2600 6y ago

    We've tested MobileCoin at ~100 transactions per second right now using low core count boxes. We suspect we can scale to 10,000/second on the existing tech stack by throwing bigger boxes at it AND doing some performance tuning. SC
13. 193.▲
    by josh2600 6y ago

    https://github.com/UkoeHB/Mechanics-of-MobileCoin/blob/maste... << This document has an extensive explanation of the consensus mechanisms and the attestation/enclave mechanisms in their respective
14. 194.▲
    by josh2600 6y ago

    I'm not sure what you mean by dump. MobileCoin plans to reinvest coin proceeds into the ecosystem to help foster economic development. We also plan to give away coins once we figure out how to do so in a regulatory-compliant fashion. M
15. 195.▲
    by josh2600 6y ago

    I can assure you that we have the best minds in the regulatory and legal worlds thinking about this and there just isn't a lot of regulatory clarity. If you had told me that 4 years after I started MobileCoin we still wouldn't hav
16. 196.▲
    by josh2600 6y ago

    Unfortunately cryptocurrency regulations are anything but clear and obvious. This is a new frontier and operating with an abundance of caution is of paramount importance. We respect the hard work all of the regulators are doing trying to fi
17. 197.▲
    by josh2600 6y ago

    Nano doesn’t solve privacy to the degree we were excited about. Again, fast + privacy protecting is really hard to achieve, particularly if you care about fast tx recovery on a mobile device.
18. 198.▲
    by josh2600 6y ago

    Then we build services for users to help them use MobileCoin for commerce. The goal is to make a real decentralized payments network.
19. 199.▲
    by josh2600 6y ago

    I can’t speak for signal but I don’t expect them to ever scan a driver’s license or passport.
20. 200.▲
    by josh2600 6y ago

    MobileCoin has made over 50% of the coins available for purchase. We are currently figuring out how to give away coins while remaining regulatory compliant.
21. 201.▲
    by josh2600 6y ago

    To be clear, we want to get the coins into the hands of users so they can buy things with them. Doing so in a legally compliant fashion is non-trivial. Looking at what happened with key base and stellar, a simple airdrop to users of the sys
22. 202.▲
    by josh2600 6y ago

    A few things: 1) tx settlement time is ~3 seconds on mobilecoin, p99 latency right now with single block finality. Eth and Btc are great but they aren’t that fast (for payments speed really matters). 2) with respect to privacy, the key inno
23. 203.▲
    by josh2600 6y ago

    Good Morning, I am the CEO of MobileCoin. A few points: 1) I started MobileCoin to fund Signal. That’s it. I believe that a world with a well-funded signal is a better place. In order for signal to compete in the 21st century with messaging
24. 204.▲
    by josh2600 6y ago

    1) MobileCoin will build a payments ecosystem around the protocol. 2) I have to check with the lawyers on whether we can disclose exact amounts, but our intention is to own a small minority of coins over the long term. We want the supply to
25. 205.▲
    by josh2600 6y ago

    I don't run anything related to the protocol. The protocol governed by the MobileCoin Foundation, an independent board of directors. The foundation makes recommendations about how the network might behave, but ultimately it's up t
26. 206.▲
    by josh2600 6y ago

    Yes, this originally was a child comment to the thread where I identified myself as the MobileCoin CEO. Dang merged two threads and this got separated from the top-level comment.
27. 207.▲
    by josh2600 6y ago

    No, this is just what happens when you try to hit the page from a US IP address.
28. 208.▲
    by josh2600 6y ago

    This whitepaper is not the whitepaper I wrote back in 2017. We took that down because it was ultimately not the design we implemented. The full system design can be found here: https://github.com/UkoeHB/Mechanics-of-Mob
29. 209.▲
    by josh2600 6y ago

    The majority of the MobileCoins are available for purchase for non-us persons at https://www.buymobilecoin.com right now.
30. 210.▲
    by josh2600 6y ago

    This occurs when you try to access it from a US-IP.