[yankput]

Didn't they do some sort of cryptocurrency thing. How is that going?

edit: it was called MobileCoin right

edit2: they do

https://support.signal.org/hc/en-us/articles/360057625692-In...

is that generating any revenue?

[asymmetric]

I have held off donating to signal so far exactly because there is no clarity around this token, why it was even added to signal and who profited from that.

[pushcx]

And they stopped updating the server code repo for a year, apparently to hide the launch of this token: https://news.ycombinator.com/item?id=26725915

I don't think they ever confirmed that this was why they stopped updating, or did a postmortem on how poorly that launch went. I vaguely recall there was also an unexplained spike in MobileCoin trading shortly before the public launch that looked quite a bit like insider trading, though right now the stories I can turn up about it here are about similarly disconcerting and unexplained issues in its provenance: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...

It's hard to take this fundraising plea seriously when this financial disaster is never even mentioned. I hope I've just missed whatever Signal has done to try to repair trust after the, but the fact that they haven't even removed it from the app is not promising. Can anyone share updates?

[MagicMoonlight]

Yeah how can I trust the security of an app which is engaging in potential financial fraud. Like ffs, if your whole thing is trust and principles, don't start fucking around with things for personal financial gain.

[jmprspret]

Probably not much at all. Thankfully they didn't shove it down user's throats - its kinda hidden behind a setting. I guess if they did push it harder to users it may have generated more revenue, at the cost of users who won't put up with cryptocurrency rubbish.