News for hackers. Stuff that matters.

A comment on Signal adds a payments feature with a privacy-focused cryptocurrency. Parent comment

Re:Signal adds a payments feature with a privacy-focused cry... by wjntzf on Tuesday April 06, 2021 @05:20PM (#26717529)
The project is brand-new, what do you expect? In any case, the end-game is to use MOB for the transaction and instantly convert to fiat, so volatility would not be of concern to the end-user
[ Parent | on HN ]
Re:Signal adds a payments feature with a privacy-focused cry... by Jommi on Tuesday April 06, 2021 @06:00PM (#26717907)
" the end game is to make the user buy a house, sell the house to the other user, and make that user sell the house into fiat, it's that simple!"
[ Parent | on HN ]
Re:Signal adds a payments feature with a privacy-focused cry... by qqii on Tuesday April 06, 2021 @07:32PM (#26718667)
How would that be any more private as every transaction can be deduced by the on/off ramp.
[ Parent | on HN ]
Re:Signal adds a payments feature with a privacy-focused cry... by runeks on Wednesday April 07, 2021 @03:54AM (#26721635)
Exactly. Inside MobileCoin, transaction amounts are disguised. But if every MobileCoin transaction is preceded and succeeded by conversion into national currency at a centralized exchange (to whom you are not anonymous) then using MobileCoin becomes completely pointless.
[ Parent | on HN ]
Re:Signal adds a payments feature with a privacy-focused cry... by fX0rObfoMN4 on Wednesday April 07, 2021 @09:35AM (#26724693)
Why wouldn't they design it as a stable coin?
[ Parent | on HN ]