We Tried Signal's MobileCoin So You Never Have To...
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- Опубліковано 17 гру 2023
- After uproar over MobileCoin, we decided to see if there was something, anything, to Signal's cryptocurrency. (as general fans of Signal) We didn't really get anywhere....
Forum thread: discuss.techlore.tech/t/mobil...
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#signal #mobilecoin #techlore - Наука та технологія
Has anyone actually used this before?! If so please share!
Dear @techlore, I've recently asked my VPN provider why they are using (as most VPN providers are!!) the third party provider M247 LTd for hosting and the highly likely scenario that the 'actors' have this company on the radar as its the most widely used hosting provider and therefore, particularly in the UK is highly likely to have DPI boxes downstream on the exit nodes. They did initially come back with quite a poor response but when questioned further have shut up shop and will not answer any further questions. I pointed out that M247 Ltd is UK registered and therefore even connecting to other EU countries they would ultimately would have to comply to UK data retention laws. Could you guys not challenge VPNs this question why they are using third party providers, reg in UK, subject to UK anti-privacy laws, the highly likely DPI boxes on exit nodes..list goes on.
I tried to set this up like you did on several occasions last year and earlier this year. Same results. Seems to have never worked in the US.
i tried to talk to you guys about Qortal, but you said anything cryptorelated was just tech bros who want to get rich and sip margaritas on the beach. this is your own fault for purposely staying biased against a whole section of technology, and now you don't know how it works...
@@quickmythril2398 its not their fault that something doesn't work.
@@bowlerhatfromspace haha imagine actually using twitter to communicate. i'm not spamming anything. i rarely use it, and that was for testing some random promotions. anyway the fact that you just assume it's all hype nonsense shows you can't be bothered to do any real research, just like this channel. i will admit most of what calls itself "web3" is garbage, but the point is that there are real useful powerful technologies being developed to provide solutions for people, but they are being supressed and corrupted by greed and misdirection.
They could have literally integrated Monero
Christine and Karl would disapprove 😅
Moxxie doesn't like federated
Seems like the molly dev has been working on integrating Monero forever
Remember when snapchat was popular and literally every company started taping on stories into their apps?
If feels like there should be more in this comment?
@@fiverZThey’re referencing the fact that Signal tacked on stories when they were popular just like they did with crypto. They seem to chase trends for some reason sometimes. I personally don’t hate the stories just because it makes it easier to get people to switch from snapchat, but still the point stands.
@@Nebula-qq8sg Is it still worth it? My GF asked me about snapchat alts for her parents, but said they stopped using Signal because it was somehow a pain when ever it got updates?
Signals quantum encryption, and anti hacking code has made all purchasing of MOB coin an actual bounty hunt...see who can actually buy 1 MOB coin first😂
I got it !😂😎
The fact that you can’t trade it anymore makes it a scam. Imagine having trusted signal with money. It would be gone now.
Uk here. Never used it. Seams stupid they remove sms but not mobile coin. Even PayPal is far better
No PayPal is really bad. They can fine you $2500 for misinformation on social media. Also they rip you off with exchange rate fees. They are criminals. Pffft...PayPal Lol
Two Techlore videos in one day? wow!! 🤩
Stop trying to promote your personal channel!
@@henry-fisher no u
Thank you! As a less techy contact, i won't bother trying,! A pity tho , hopefully they'll make it easier in time
"kyc trying to use mobilecoin? nah bro, it kys trying to use mobilecoin" - henry probably
Back to back videos?? LETS GOOOO
thanks guys as always appreciate the video
Excellent video 👍 Thank you 💜
so non-kyc or kyc doesn't work with MOB?
coin market cap shows many exchanges offering mob
some of them are effectively non-kyc too, pretty sure the sec would have a solid case against them though
It's literally tradable on Binance, I don't know why you're messing around with all of these apps and websites when it's listed on major exchanges
Poor TutaNota at the end
Their name is too goofy. A no go.LOL
KYC sure sounds like KYS because that's basically what you're doing giving your personal details.
Not Meredith's fault they came up with this, but why drop SMS support and keep this in an undead state
9:03 👀
Bitcoins price is managed by mining. Mobile coin manages the price by making it impossible to buy . That's a unique way to regulate the price....
Damn. Even Telegram's TON, with all the issues Telegram has, is much better.
Monero, BTC and cash/debit. What else do we need.
None of this
And Dash
zcash
LBRY / odysee had a reasonable potential to work out, before SEC decided to kill it and destroy the investment of those investors it was "protecting". Blaming them for LBC being worthless now is a pretty bad take, and a bad comparison to mobilecoin which was absolutely redundant and thus worthless from the start.
Even before the SEC there was no *reasonable* way to withdraw LBRY to any reputable exchange in the US. So actually no, it's the same issue as MOB. Not all of us want to invest in a currency and sit on it for years, but actually want to put the money to work right away.
@@techlore Even there SEC was the issue. It's unfortunate but I can't seem to be able to elaborate in a reply / reply always gets deleted.
I'll try pieces of the original comment and see what sticks (thanks yt):
Now your options are decentralized exchanges (I like bisq, popular ones are coinex, hotbit) or some non-US exchange. If it would be worth your time, you can sell it there for monero or bitcoin and sell that for usd elsewhere. Unfortunately LBC is nearly worthless now and I don't see LBRY rebounding from this situation.
There was a reasonable way before the SEC lawsuit - and it was one of the reasons for the lawsuit itself. TLDR: - LBC market was too small for exchanges to list lbc so LBRY openly decided to "actively control LBC price volatility" (be market maker) and LBC got listed on bitrex. SEC called it manipulation so LBRY stopped and LBC got delisted everywhere in the US because the SEC lawsuit made it "radioactive" for US exchanges.
Now most of it finally got trough yt censorship, sorry for the grammatical mistakes. Unfortunately I wasn't able to link any articles.
A real success considering this coin probably bankrupted FTX.
They should just adopt bitcoin w/ lightning like any sane company would.
Arcblock is better than btc heck so is xlm and trx
or just real freaking money
@@10-voltBitcoin is real money.
Bitcoin w/ lightning is not sane.
wow super disappointing honestly
I've completely given up on Signal...
Meh
My brain hurts from the stupidity of this whole MobileCoin thing 😂
Lmao j.e.s.u.s I knew I deleted signal for what seems now like innumerable reasons
Use Molly, it's Signal without all this crap
Do you have any other alternative? You don't.
Both of us still use signal. Just turn off the MC wallet in your settings and it’ll never pop up.
Just use Molly, the foss fork of Signal. Signal is dead
It depends on Signal servers. It's a Signal fork, doesn't it have mobilecoin integrated in app as well?
Who the fuq uses safari? 😂
Crypto sucks anyway. Unless youre rich maybe.
I'm disappointed in the shade you threw at LBRY/Odysee. They were trying to build something great, and in my opinion did build something great, if imperfect. Mistakes were made, but what they accomplished despite the SEC crippling them was impressive. Considering the SEC drove LBRY Inc into bankruptcy as they fought for the sake of all cryptocurrency projects originating from the United States, those jabs were kinda low blows. It's like punching a defenseless kitten - what did LBRY do to you to deserve that?
Honestly I like their idea of staking for video uploads, The idea of A crypto that represents storage directly, is A neat way to make A digital resource when compared with the usual Liquidity method most currency uses to transfer value.
Obviously you can still exchange them like any other currency, but the balance between permanent data and allowing some data to be lost once its no longer being compensated for.
My biggest fear with this approach when LBRY first launched was that inflation or other fluctuations in price would cause the amount of coins staked for the back catalogue of videos to be not enough to justify its value in bandwidth, meaning videos would either need to accumulate more coins to not be deleted, or the miners find out that the data they are getting paid to store isn't worth it.
Im glad neither of these things have happened.
@@nullvoid3545 Unless I am mistaken, I think you have some misunderstandings about how LBC could be used. I'll try to explain as best I can, but while the LBRY website is still around there are some FAQs you can browse with more info.
On LBRY/Odysee, data storage was never compensated. It was always voluntarily provided by peers. I think there was a hope that eventually a separate project (Filecoin just for an example) would eventually establish a scalable method for decentralized data that would also have high enough performance that they could integrate, but that never actually happened.
What LBRY/Odysee set out to do was to decentralize publishing. The way the Blockchain worked was more analogous to a tracker in the BitTorrent network. The Blockchain stored metadata about videos, but peers actually hosted and served the video data to other peers. Since Odysee was a company, they in effect became the largest "peer" to host data on the LBRY network. At their own expense (because there is not actually any method to compensate peers for hosting data for the network), they accumulated hosting space in order to facilitate the growth of Odysee as a platform. If Odysee the company is fully shut down at some point in the future post bankruptcy proceedings, LBRY network will lose its largest host (or "seed" in BitTorrent terms) and only the videos that other peers are seeding (again, at their expense) will continue to be viewable. If there are videos without sufficient "seeds", the metadata will still be in the Blockchain ("tracker") but the actual video data will be lost.
So what did LBC tokens do? Well, there were three main purposes. Firstly, they were to incentivise the Miners whom would be securing the Blockchain, and growing the "tracker" which held the video metadata for peers. Then software front ends, like LBRY TV and Odysee would interface with that Blockchain, providing a way for end users to publish, discover and view catalogued content, and download the video data from other peers. In order to provide a way to boost discoverability of content on those front ends without being completely reliant on algorithms and advertising dollars, "staking" was introduced. Any user that thought content was awesome, whether they were the creator themselves or just a viewer, could "stake" LBC in order to boost the prominence of that video content in the search results of the front end software. This did not actually provide any direct reward/compensation to the users who staked LBC (you did not earn yield), nor to the video publisher (the staked LBC did not become theirs, the user who staked it could reclaim it at any point). But publishers who put out good content, and whose users staked some LBC on a regular basis, would be more prominent in the platform, and would benefit in that way. And the third and final use, was that it could be used as a method of payment, you could actually "tip" content publishers and other users directly. When paying content creators, the payment would go directly to them (LBRY/Odysee would not take a cut) so that they would retain the full earnings, rather than on platforms such as UA-cam or Rumble where tips were split between the content creator and the platform provider. And the creators could then take those tips and either exchange them for another currency, or use them to stake on their videos to improve discoverability.
As for inflation, LBC token emissions had fairly high inflation to start, and remain high, but have a smooth emissions curve baked in, similar to Monero's smooth emissions curve, instead of "halvings". I think the current inflation rate is a little over 5% at this time, but it's continually falling little by little.
They should have just used BCH
bcash is trending to zero
02:00 Why are cryptocurrencies stoopid? To me saying things like that is actually stoopid... 😂😂😂
anyone watchin this in 2025?
If you guys knew how awful the dollar is you’d appreciate cryptocurrencies (particularly bitcoin) a lot more. Dollars feel frictionless if they want it to feel that way to the user because you’re not actually touching the base layer of the money. All you see is a nice front end and then it takes days for them to actually get around to moving your money IF they decide to let you.
✌️
so your argument is that other businesses use slick presentations of checkouts to reduce figurative friction from the process of sending money, (and that's a bad thing?) and keep a buyer disassociated from the money they are spending by not reminding them of the money they currently have in their wallet, and in the end, they take too long in transferring it, therefore Signal should use this niche brand of crypto no-one trades, make it less frictionless (??) and remind you how much you have stuck in this wallet you seldom use?
I know crypto is better for privacy, I wish it was more popular for that reason, but this ain't it.
@@cediviannareeda4305 No, I think Signal should support Bitcoin lightning. The US dollar is printed to fund wars, that’s not the case with Bitcoin. There’s a lot of reasons to use Bitcoin but not funding wars is a big one.
@@bowlerhatfromspace not all "cryptocoins" are the same. many projects are nothing but money grabs, but not all of them. it just takes some looking to find the useful ones.
SHUM: Should Have Used Monero :D
i can't trust any app require phone number