IMO Signal/Moxie "advises" this project, so to me this seems like their way of cashing out (I'm assuming they hold the majority of coins), given that Signal itself is a not-for-profit organization. At least that's what I'd do if I were Moxie.
Geee 1 hour ago | unvote [–]
There are 250 million units of mobilecoin, and majority of them are owned by the founders. Only 37.5 million have been distributed. With current price ($65), they're worth $14B already. This makes the project a scam and impossible for it to work as a reliable money that holds value. Bitcoin had no pre-mine and has been fairly distributed from the start.