2. Moxie is paid for being on their board
3. Moxie directs non-profit Signal to integrate MobileCoin
4. MobileCoin offers 50% of their premine for sale.
5. Signal/Mobilecoin news spikes price to $60
6. Moxie steps down as CEO of Signal but remains on board
7. Mobilecoin price today is $0.09
8. Moxie is no longer involved at Signal
This is why we need decentralization.
That's an interesting interpretation. I read it as 'all cryptocurrencies are scams'.
Things like money and messaging are too important to a functioning society to allow any single party to control.
We need -actually- decentralized money and -actually- decentralized communication.
MobileCoin and Signal are neither and the results are predictable.
"Actually decentralized" has a lot of problems, especially with things like spam and scams (see also: usenet). Federation makes sure no single party has too much power, and yet allows one to have usable systems.
Sure cryptocurrency is not as widely accepted online or in person locally as US dollars, but it is far easier to spend those same places than my Euros which actually meets your definition of money.
A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.Sounded very much like a inner circle backroom deal kind of moment.
Guess they figured it out!