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MobileCoin also needs some amount of money to operate, some of which will come from the sale of coins, but our balance sheet of coins is quite limited. We would prefer to minimize those sales as much as possible.
Does that answer your question?
The crypto world is full of scams and misinformation. Technical people are unlikely to trust the coin if transparency and oversight stay so vague.
Scanning through this discussion, quite a few red flags have been raised by users. I assume your intentions are good at the outset. But when the money comes rolling in, even the most pure plans can be corrupted.
Sell your token at overinflated prices (in a similar way as other ICO scams) and funnel money into pockets of whoever is running this specific scam, with some minor amounts put toward claimed goals.
Thank you for helping me to understand what you're looking for; we will go back to our counsel and ask them for more advice with this in mind.
Form your post above RE selling coins at inflated prices to the public, you said “This is hard because we don’t control the price” Umm, you could give away the coins. You claimed that Stellar gave away coins but the coins didn’t end up being used by end users. How does selling the coins at hyper-inflated prices to end-users change this? Why will they use the coins if they are sold them vs given they?
It would be great to know the timing, amounts and prices of coins that have been sold to either investors or the public.
Your reputation and Signals are hanging on a thread here. We’d all appreciate some transparency.
How many coins will Mobilecoin sell and over what time period? You and Mobilecoin currently control about 212.5M coins which is $8.5 Billion created out of thin air. The price was recently inflated with a suspiciously perfect timed short squeeze, likely orchestrated by one of your investors looking to pump their bags.
