>I don't see how Telegram is any different to say, Signal. It may have better apps, UX, features and more which that alone makes it a compelling competitor
You have answered your own question there. Humans naturally chose paths that they find convenient, not necessarily safest or otherwise "better" paths.
I don't see how Telegram is any different to say, Signal. It may have better apps, UX, features and more which that alone makes it a compelling competitor but its optional E2EE support is quite damning.
The great thing about regulations is that it stops such suspicious projects like TON dead in their tracks. After the ICO madness in 2017, unregistered ICOs have become illegal and TON fell in that category.
But who knows, maybe when the terrorists, extremists, scammers and fraudsters realise that Telegram is not E2EE by default or layman terms 'not secure', perhaps they would run to Signal and chat amongst themselves about using a private untraceable cryptocurrency like MobileCoin to fund and plan their operations. [0] [1].
[0] https://www.theverge.com/22249391/signal-app-abuse-messaging...
[1] https://foreignpolicy.com/2021/03/13/telegram-signal-apps-ri...