Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

1. MobileCoin premines 250m coins

2. Moxie gets paid for being on their advisory board

3. Moxie directs his non-profit to integrate MobileCoin in secret

4. MobileCoin offers 1/5 of their premine for sale.

5. Signal announcement spikes price to $60

How accurate is this?

via: https://twitter.com/lrvick/status/1379536536459431937



> 3. Moxie directs his non-profit to integrate MobileCoin in secret

The fact that Moxie is collaborating with MobileCoin has been known for years.

EDIT: See links in https://news.ycombinator.com/item?id=26718488


But not the fact that it's going to be directly integrated into Signal. The CEO of MobileCoin is in here saying that he started it as a way to fund Signal, which from what I can tell, wasn't public knowledge until today. So he gets to monopolize a currency that was mostly worthless, knowing that it would be directly integrated into a popular application, greatly increasing its value. If that's not a scam, I don't know what is.


They also strongly de-emphasized any connection, saying he was only an advisor. Now it's paid CTO and that funding signal with it was the plan all along...

Super dishonest and untrustworthy.


(... and also kept the server closed source for a year to conceal the integration, it appears)


> But not the fact that it's going to be directly integrated into Signal

To be honest, that was exactly the impression that I got back then. So to me, yesterday's announcement was no surprise at all. Whether I like it, is a different matter.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: