https://www.forbes.com/sites/jasonbloomberg/2018/02/17/teleg...
To make this more tangible, doing an ICO means a prosecutor can personally threaten anyone on the team with violating securities laws. That's a stupid risk to take if you know, as an organization, you're going to fight the U.S. government in court one day.
I think Filecoin did something similar.
> MobileCoin is designed so that a mobile messaging application like WhatsApp, Facebook Messenger, or Signal could integrate with a MobileCoin wallet.
Pretty sure we're gonna see a separate product that works with IM apps when installed simultaneously.
By the way, were you actually associated with Mt. Gox or is that account name just for kicks?
> We believe there is an opportunity to act in the public interest and make a meaningful contribution to society by building sustainable technology that respects users and does not rely on the commoditization of personal data.
If they treat a big chunk of that as an endowment and go after more funding every few years to top off the coffers, they could live on that kind of money for ages.
No, I'm not kidding. Look at Telegram. Who would've thought an open source project would ever get close to a billion dollars in funding?
I don't want Signal to wither away or forever remain a niche chat application because of lack of funding, especially if Moxie one day decides he wants to pursue some other dreams of his and doesn't have time to deal with Signal anymore.