this post was submitted on 05 Dec 2024
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The Signal messenger and protocol.

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Mobilecoin (lemmy.zip)
submitted 7 months ago* (last edited 7 months ago) by anonvurr@lemmy.zip to c/signal@lemmy.ml
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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?

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[–] shortwavesurfer@lemmy.zip 8 points 7 months ago (1 children)

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.

[–] LWD@lemm.ee -1 points 7 months ago* (last edited 2 weeks ago) (1 children)

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[–] jet@hackertalks.com -2 points 7 months ago (1 children)

Why try to start a beef from a old thread?

[–] LWD@lemm.ee 1 points 7 months ago* (last edited 2 weeks ago) (1 children)

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[–] jet@hackertalks.com -1 points 7 months ago* (last edited 7 months ago) (2 children)

https://en.wikipedia.org/wiki/MobileCoin

MobileCoin's mechanics build on Stellar (for consensus) and Monero (for privacy), using CryptoNote alongside zero-knowledge proofs to hide details of users' transactions.[2]

It's a fork of the protocol written in rust, and with proof of stake.

You don't need to actively badger individual users for a discussion that didn't satisfy you from 2 months ago, it doesn't look good and it makes lemmy acrimonious. It's petty.

[–] pedroapero@lemmy.ml 2 points 6 months ago* (last edited 6 months ago)

"a fork of the protocol" does not make any sense. Do you even know what forking means?

[–] LWD@lemm.ee 1 points 7 months ago* (last edited 2 weeks ago) (1 children)

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[–] jet@hackertalks.com 1 points 7 months ago (1 children)

The Wikipedia article and quote I gave you above

[–] LWD@lemm.ee 0 points 7 months ago* (last edited 2 weeks ago) (1 children)

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[–] jet@hackertalks.com 1 points 7 months ago (1 children)

Based on and fork can be used interchangeably in English, this is what the wiki article clearly says.

If you want the full chain of pedantry: They forked the project, then refactored it into rust, then changed the protocol to include proof of stake based on steller.

[–] LWD@lemm.ee 0 points 7 months ago* (last edited 2 weeks ago)

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[–] sic_semper_tyrannis@lemmy.today 7 points 7 months ago

I'm using the Molly client and don't see any reference to mobilecoin

[–] jet@hackertalks.com 6 points 7 months ago* (last edited 7 months ago) (1 children)

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.

[–] LWD@lemm.ee 1 points 7 months ago* (last edited 2 weeks ago) (1 children)

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[–] jet@hackertalks.com 1 points 7 months ago (1 children)

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.

[–] LWD@lemm.ee 1 points 7 months ago* (last edited 2 weeks ago)

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[–] SweetCitrusBuzz@beehaw.org 4 points 7 months ago

I guess they thought it was more 'private' than a bank transfer

[–] LWD@lemm.ee 2 points 7 months ago* (last edited 2 weeks ago)

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