I just hope that moxie's replacement is someone with as strong a reputation for fighting for the principles at stake and the ability to defend them. How many people could have written the Cellebrite blog post? Probably not many. The hidden pressures on Signal staff must be enormous, as likely the the world's single most valuable surveillance target.
Adding MobileCoin to Signal really changed my perceptions about just how principled the Signal foundation really is. I have a lot of respect for much of Moxie’s work, but the MobileCoin thing is still a head-scratcher.
Why so? Moxie helped design MobileCoin. Besides, his recent post on web3 lays it bare what he thinks of it.
MobileCoin, in time, I hope grows up to be a credible alternative to Facebook's USDP (Diem), like how Signal is to WhatsApp. I don't think its inclusion a head-scratcher at all. If anything, I hope it serves its purpose well, and isn't unfairly regulated to oblivion.
I got the impression that his web3 post [0] only talks about token incentives, DAOs and other decentralisation for decentralisation's sake. There's no mention of MobileCoin, which I gather he just sees as tool to facilitate anonymous payments (it's a token on top of Stellar).
You're right, sorry I have misread this then. According to Wikipedia, MobileCoin uses its own blockchain based on mechanics from Stellar and Monero [0]. That also makes a lot more sense technically, and explains the supposed 4 years of development [1].
I balk at any mention of crypto as a rule (since the landscape is so saturated with hucksters) but I have to assume it is to provide a functionality similar to WhatsApp Pay, Venmo and whatever WeChat has.
Those in app type payments are a huge part of message app usage in some parts of the world where I am sure Signal would like to increase uptake.
Mobilecoin is a quasi-security and not a stablecoin. The price went 5X in the days before Signal announced that they have built MobileCoin integration (in secret).
In a way, crypto has given non-profits a way to take profits out to personal accounts.
I hate most of the cryptocurrency-bs, but mobilecoin seems to have been designed carefully to avoid most of the objectional aspects of blockchain stuff.
He sold an earlier company to Twitter, pretty sure he already is "rich" (most of us here are, comparatively).
I'd like to think about Moxie as the most honourable person in all of this. Leaving the CEO role could be a sign that he doesn't agree with everything that's going on.
I'm also very skeptical of all things crypto but you did mention principles and I think there is an angle of mobile coin that is clearly ideological and very much fits into Moxie's reputation.
That is to take the transfer of money away from old and large institutions.
The lure if getting rich by creating your own money is irresistible and thus corrosive. Even the most principled person will have difficulty ferreting out all the wats it undermines that integrity.
Meanwhile bitcoin serves that same purpose and much mire efficiently with lightning.
> I just hope that moxie's replacement is someone with as strong a reputation for fighting for the principles at stake and the ability to defend them
Yes, and who has a better reputation for fighting for principles than Brian Acton, one of the guys who made Whatsapp and subsequently sold it to the most morally correct company in the world: Facebook.
Acton has had an interesting road since selling WhatsApp to Facebook. That includes leaving Facebook with $850 million USD in shares on the table for leaving early and telling people to delete their Facebook accounts. Looking at what he's done tells the story of someone who learned many lessons since he sold WhatsApp.
> That includes leaving Facebook with $850 million USD in shares on the table for leaving early and telling people to delete their Facebook accounts.
Honestly this action was one of the things that really made me like Acton. It was more than words. Granted, he already had a few billion dollars at that point -- and I'm under the opinion that $2bn isn't much different from $1bn (except bragging rights) (current work 2.8bn[0]) -- but it shows that money isn't his (only) motivating factor. It is also pretty hard to tell people to leave something you built.
i wonder if Acton figured that WhatsApp might lose to competitors and privacy-focused people would migrate to a new app anyways, and he could do more good with almost $1 billion.
There are two types of people in the world: those who sell their start ups for 16 billion, and those that dont have startups people are willing to pay 16 billion for.
I am very doubtful that very many people here would turn down that sort of money if given the opportunity. Its very easy to wax poetic about virtue when nobody is trying to tempt you.
> I am very doubtful that very many people here would turn down that sort of money if given the opportunity. Its very easy to wax poetic about virtue when nobody is trying to tempt you.
Indeed, not a lot of people would be able to turn that down. Moxie? That's one of them, that I like to believe they would though.
I mean, he walked away from $800 million in Facebook stock because his belief in privacy wouldn't allow him to continue working on WhatsApp, post-acquisition. I think that speaks louder than selling WhatsApp in the first place.
What he's been trying to do can also be interpreted as spending a few tens of millions here and there to generate PR with the goal of whitewashing his treachery when he sold out his WhatsApp userbase to Zuck and the most privacy invasive company on the planet...
I'm reminded of the old gag:
Would you sleep with me for a million dollars?
Yes, of course!
Would you sleep with me for one dollar?
What kind of woman do you think I am?
We've already established that, now we're just haggling over the price.
Acton already whored himself out to Zuck for $19billion. We've established what kind of person he is.
It would be awfully hard to turn down nineteen billion dollars for the sale. The social ills caused by Facebook were also a little less undeniable in 2014.
Since the sale he has criticized the hell out of Facebook, too.
Sure, he isn't a martyr. But there are way way way worse behaviors in the valley.
This is my biggest concern. Hopefully the replacement will truly care about user privacy and have the balls to fight for it, even if it means going up against large (governmental) organizations.
