[mmmmmbop]

Signal introduced its MobileCoin integration in 2021. It was completely pre-mined, with the majority of coins distributed to its founders and investors. Moxie sold out his reputation with that disingenuous cash grab.

Now, three years later, Telegram is following in Signal's footsteps with another shitty crypto integration. I don't know the details of that one, but I wouldn't be surprised to learn that its another cash grab.

[geekpowa]

Mobilecoin doesn’t use mining

Their stated design goal was to create an actual usable payments system; not a speculative asset .

Edit : Urrgh got that wrong . Fixed distribution of coins and yes the founders control most of them

[fauigerzigerk]

The problem is that it's still a taxable asset and therefore gives the authorities a legitimate reason to look into people's Signal data.

Any privacy protections for speech are unlikely to apply to financial transactions anywhere in the world.

This is a disastrous mistake.