Here we have an nonprofit app that has succesfully broken into a major consumer market, and because of their ambitions to break up another cartel, and this is bad ?
Lets take a stab at understanding the authors complaints.
Author states users are smart and "we make the majority of users". Going beyond the entitlement of that statement, author can feel betrayed, but for signal to succeed it needs to keep iterating and address the consumer market.
Author may not need fast/cheap payments. But what about the rest of the world including the underbanked?
Author may fret about asymetry of info around transactions. However, will author think about the users of cash app and the million others that democratized stock trading ? Users have spoken and they prefer something, over nothing.
The article is unfortunately reeking of elitism. Sour grapes because a 3rd party will make money off an excellent application. I say keep an open mind.
This is the best thing that could happen to the world. Someone has the guts to finally take on currency, and has the potential to succeed. Yes it not perfect. Yes some will make money and signal may be able cover for their forever loan. Thats good.
The project has been a great endeavor since the days of redphone / textsecure. Project is still open sourced and nonprofit.
Signal is the future of privacy and security of the masses. As recently as 2019 that was still not clear.
Its time to cheer, not to dump.