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.
The Signal messenger and protocol.
deleted by creator
Why try to start a beef from a old thread?
deleted by creator
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.
"a fork of the protocol" does not make any sense. Do you even know what forking means?
deleted by creator
The Wikipedia article and quote I gave you above
deleted by creator
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.
deleted by creator
I'm using the Molly client and don't see any reference to mobilecoin
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.
deleted by creator
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.
deleted by creator
I guess they thought it was more 'private' than a bank transfer
deleted by creator