The scam is to create a new altcoin, give most of the altcoin supply to the founders, then try to force as many people as possible to use the altcoin by deploying it as part of something popular like Signal.
Now if anyone wants to use Signal’s money transfer feature, they have to buy MOB. The CEO of MobileCoin was in the threads yesterday pushing the website where they were selling MOB.
They don’t really care about transferring money. They just want to sell MobileCoin and pump up the price by making it look useful.
There is absolutely no reason to not use Ethereum for this, or at worst ERC-20 coin.
If their implementation of a secure, fast, mobile cryptocurrency works and is accepted mainstream as a way to send money anonymously and securely then why shouldn't they make a dime off it? They'll have to sell their shares eventually. Everyone always does.
Don't get the hate here. I'll likely never use it, but they're trying something, and if it works let them get paid for it.