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Could somebody point me to what's going on with Signal?

@gabek@mastodon.social Signal added a peer payments feature utilizing MobileCoin (a proof-of-stake cryptocurrency). Folks are worried that integrating financial transactions into the app makes Signal a bigger target for regulators.

Another prominent fear is of a fork in the MobileCoin blockchain due to its proof-of-stake model.

@gabek

Signal has decided to integrate a new cryptocurrency that focuses on privacy.

Moxie (the author of Signal) is invested in the cryptocurrency company, so the optics are bad.

And there are people who never liked him/Signal anyway because it doesn't federate and he's not in favor of reproducible builds.

The more nuanced part is that adding financial transactions could be very useful. Money is useful to move around.

But moving money invites more govt scrutiny to Signal as a platform.

@gabek

My take...

Currency is complex. I have a lot of thoughts on it, many of which are too nuanced for 500 characters, but I think transferring units of work is very important. Working with/on Spritely taught me that.

At the same time, when you move from fiat currency to govt backed currency, things get complicated.

And I have strong aversion the whole cryptocurrency as an investment thing.

So why shine such a bright light on Signal when it's so fragile to begin with.

@emacsen @gabek Yeah it seems like Moxie is living in his own world, advising on this product's board and hanging in those circles, and doesn't realize how this looks in the world outside.

Alternatively, fedi and free software circles is the bubble and the world outside is ecstatic at finally getting user-friendly Moxie-approved anonymous transactions.

@clacke @gabek

I don't agree. The challenge is more what the goal of Signal is.

Is it just messaging, or is he trying to feature compete with the proprietary world, where payment via messenger is common.

I also think the people in Free Software who don't like Signal at all are ignoring how popular it is. It's a huge success story for crypto and for a massively scaled project.

I disagree with this move, but only because of the legal scrutiny it will bring onto Signal.

@emacsen @clacke @gabek I literally had no idea that proprietary messengers have money transfer features until now. Copying what they do for its own sake seems very misguided IMO. I can't say I've ever even considered that a communication application should have anything to do with transferring currency.

@be Same, I had no idea people were transferring money over messaging apps.

@emacsen @clacke @gabek I do agree that the cranks who hate Signal are oblivious to why it is popular.

@gabek what about Signal?
I use smoke signals and Morse code

@gabek

For me that has been going on for a long time.
The devs have been acting very suspicious whenever someone mentioned fdroid. Also the public repository is no longer up to date. It is effectively closed source now.
@gabek

Also they completely ignored the comments that fdroid has a reproducible build system in use. While at the same time promoting the google Appstore as the only secure way to distribute their software.

Only after a lot of pressure they set up a manual download.

I would not be surprised if the Appstore version was never exactly build from the public repository.
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