> Why not?
Because the price of small cap coins is insanely volatile, and even more subject to manipulation than cryptocurrencies in general. Mobilecoin's price changed by 1000% over the course of a couple weeks last month.
Because the price of small cap coins is insanely volatile, and even more subject to manipulation than cryptocurrencies in general. Mobilecoin's price changed by 1000% over the course of a couple weeks last month.
It's not even really used right now, it's hard to tell how much it reflects what will happen later.
With a centralized cryptocurrency there's a lot they could do to make it less volatile, and it's still to be seen what will happen in practice. It's a hard problem, but I don't think we can easily conclude that they will fail, or that a better solution already exists.
The future volatility of MobileCoin is to be seen. Past performance is not indicative of future performance and whatnot.
Wether they should have used a test net, MobileCoin should have only released a limited portion of the coins or whatnot is another question entirely.