Anybody have any experience with mobilecoin? What is the use case for it? Seems kind of pointless and a lot more tedious than just a bank transfer. Why does signal include crypto nonsense in their app (I like crypto, but just can’t see any reason why it should be integrated in the app). I’m sad that signal does not have support for 3rd party open source clients that could remove such features. Why not add support for monero instead?

  • shortwavesurfer@lemmy.zipEnglish
    102·
    7 months ago

    Mobile coin is a useless fork of Monero. If they had any sense whatsoever, they would have just put a Monero wallet into the app instead of that crap.

  • jet@hackertalks.comEnglish
    6·
    7 months ago

    MOB is monero in rust with proof of stake. It’s a centralized coin, antithetical to federation… Just like signal.

    Right now it’s trading at 0.50$, but I’m sure the signal foundation made a bunch of money with the hype and sell off.

    I do believe someone honestly thought it was a good idea, central control, revokable, a crypto governments will like… But coming from the signal foundation it shows what their mental model really is.

    I did buy some to use, there is no use for it.

      • jet@hackertalks.comEnglish
        21·
        7 months ago

        centralization invites central control and observation…

        imagine if talking to the people around you required you calling a central phone depot first before being connected to the person next to you… its not necessarily less secure, but there are more opportunities and the risk surface is greater.