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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 fX0rObfoMN4 on Wednesday April 07, 2021 @09:14AM (#26724400)
That is because there is no mining. A proof of stake coin would also use electricity but MobileCoin doesn't even do that.
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Re:Signal adds a payments feature with a privacy-focused cry... by woobilicious on Thursday April 08, 2021 @12:13AM (#26735012)
PoS and MobileCoin validator nodes use about the same amount of electricity.

I'm not a fan of PoS because it looks like a ponzie scheme (unless it's done like eth where initial distribution is done via mining)

This is actually worse than PoS, because PoS uses standard public key cryptographic to validate ownership of coin in the chain to stake, it at least in theory can achieve "trustless" validation.

This on the other hand is just a shitty attempt to outsource database maintenance to untrusted 3rd parties, using SGX, while forcing them to pay for S3 hosting because they can't implement a DHT to do proper decentralized file transfers.

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