Let's continue our detective story of the sudden appearance of the anonymous Mobilecoin from Signal.
Interesting fact: Mobilecoin is a centralized copy of Monero (XMR), and it’s 100% pre-mined. A 100% premine coin was created in one minute and developers and early investors have access to all coins. 100% of the coin supply was created in 16 outlets, which can be distributed however the original founders like.
Further, even more interesting. Since Signal has announced its integration with this “anonymous” coin, $MOB has gained more than 450% in price, and today it has grown by another 20% in the last 24 hours.
$MOB is currently trading at $56.3 per coin on FTX Exchange, which is the most active $MOB market. Well, good. It would seem that there is nothing wrong with that, $MOB holders are delighted that their coin would gain great popularity. The process is natural.
But the biggest secret of this story is that Moxie Marlinspike, the current CEO of Signal, is actually the founder and CTO of Mobilecoin. While the CEO of Mobilecoin denies this, the documents suggest otherwise.
A few more things about MobileCoin:
Such public cynicism has not existed on the crypto market for a long time.
I removed the Signal app from my phone, and I hope you do the same.
By the way, another interesting fact: according to Moxie Marlinspike’s passport he has a real name and it's Matthew Rosenfeld, a pirate of the 21st century.
But he's not Jack Sparrow.