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2018 Stellar roadmap

stellar.org

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Re: 2018 Stellar roadmap

#51

Post by tzakrajs »

jakobegger wrote: post #47
tzakrajs wrote: post #29

Earlier quoted context omitted.

I feel really stupid. Back in 2015, their lead scientist David Mazières explained Stellar consensus protocol inside the Gates computer science building at Stanford to a small group of people back when Lumens were worthless. I was in that group of people and I completely missed the boat.

And here‘s the problem with cryptocurrencies: They might have all kinds of use cases, but people just see a quick way to get rich.

I agree with you in general but in my case, Bitcoin had already experienced several booms and I was aware of the crypto-[mb]illionaires back then. Either way, if I would've jumped on the "get rich" bandwagon, I might actually be today.

Re: 2018 Stellar roadmap

#52

Post by bushido »

solean wrote: post #40
yohann305 wrote: post #23

Two days ago, Stripe announced they were dropping Bitcoin. And now Stellar (A Stripe-seeded company) announces their 2018 plans. Good job on the guy that saw it coming in HN comments ! Note: I'm not bashing Stellar, I'm actually a big fan. : https://news.ycombinator.com/item?id=16216329

In 2014, Stripe gave Stellar a $3 million loan in exchange for 2 billion lumens, which is now worth around $2 billion. They still have those lumens. I wonder why they would drop bitcoin support and start pushing Stellar...

Per Stripe's original announcement[0] in 2014 – the net profits from any sale go back to the Stellar Foundation:

>> When the opportunity arose to help Stellar, we enthusiastically agreed. A couple of months ago, Stripe contributed $3M to help get the project going. In return, we received 2% of the stellars. However, the project is not run by Stripe. We just believe that a system with properties like Stellar's should exist in the world, and we heartily encourage anyone interested to participate in its development. We're going to auction a majority of our stellars to other interested companies, with any net profits being returned to the Stellar Foundation

[0] https://stripe.com/blog/stellar

Re: 2018 Stellar roadmap

#53

Post by zerostar07 »

sonoffett wrote: post #49
stale2002 wrote: post #43

Earlier quoted context omitted.

They dropped Bitcoin because transaction fees are really high, and the bitcoin core team has no intention of solving the problem. Maybe in 18 months, when the mythical lightning network gets released they will add it back. But not now.

You do realize that there are literally people buying coffee in meatspace today using lightning? https://twitter.com/alexbosworth/status/955870434230132736

is it being used to transfer funds from one exchange to the other? because tbh that seems to be the #1 utility of cryptocoins at the moment.

Re: 2018 Stellar roadmap

#54

Post by cstrat »

ledbettj wrote: post #37
tgb wrote: post #24

Earlier quoted context omitted.

Thanks for this. Now what do I do, though? I'd rather not mess this up. I can log in to launch.stellar.org and can "upgrade" to lumens. Do I do that? My goal is to sell them for USD.

The process I followed was: * create an account on binance.com * transfer the stellars there, making sure to follow the instructions about the MEMO_TEXT. * convert the lumens into bitcoin * transfer the bitcoin to coinbase * sell it. There is probably a more optimized or less expensive way to accomplish this, but this was the easiest way for me, and binance did not require a social security number or photo id like so…

I always use Ripple or Litecoin for transfers, much quicker and much lower fees. (I don't use Coinbase though, not sure whats supported there)

Re: 2018 Stellar roadmap

#55

Post by wyldfire »

stale2002 wrote: post #43
solean wrote: post #40

Earlier quoted context omitted.

In 2014, Stripe gave Stellar a $3 million loan in exchange for 2 billion lumens, which is now worth around $2 billion. They still have those lumens. I wonder why they would drop bitcoin support and start pushing Stellar...

They dropped Bitcoin because transaction fees are really high, and the bitcoin core team has no intention of solving the problem. Maybe in 18 months, when the mythical lightning network gets released they will add it back. But not now.

> no intention of solving the problem.

I was starting to grow pretty concerned but clearly segwit and LN have made enough progress that fees have dropped to ~10sat/byte. [1] That is dirt cheap.

[1] https://bitcoinfees.earn.com

Re: 2018 Stellar roadmap

#57

Post by sjs382 »

wyldfire wrote: post #56

After scouring the website for a bit I can't make head nor tail of this. Since it sounds like a fork of Ripple, it's very much centralized, right?

It was initially a fork of Ripple but has since been rewritten. Stellar is more decentralized, because each node decides which others to trust. In the Ripple network, certain nodes have been blessed as "validating nodes".

There's a Stellar StackExchange question which goes into the differences a bit more: https://stellar.stackexchange.com/a/57/9

Re: 2018 Stellar roadmap

#58

Post by wmf »

tzakrajs wrote: post #29
yohann305 wrote: post #23

Two days ago, Stripe announced they were dropping Bitcoin. And now Stellar (A Stripe-seeded company) announces their 2018 plans. Good job on the guy that saw it coming in HN comments ! Note: I'm not bashing Stellar, I'm actually a big fan. : https://news.ycombinator.com/item?id=16216329

I feel really stupid. Back in 2015, their lead scientist David Mazières explained Stellar consensus protocol inside the Gates computer science building at Stanford to a small group of people back when Lumens were worthless. I was in that group of people and I completely missed the boat.

The price has nothing to do with the science. Otherwise, why didn't it explode back in 2015 when SCP was released?

Re: 2018 Stellar roadmap

#59

Post by kylehotchkiss »

conanbatt wrote: post #36
oh_sigh wrote: post #5

My coins that I had since 2014 were 'corrupted', and unrecoverable, even though the only thing I have is the exact code that the stellar website and email sent me. Great stuff!

Heh, remembered they existed because of the hype on it now. Turns out I had the 5000 signup stellar coins lying around. Easiest 2700 bucks I ever made. Who the hell is buying these things.

I made $2900, didn't even know it was a currency back in 2014 when I signed up

Re: 2018 Stellar roadmap

#60

Post by wyldfire »

sjs382 wrote: post #57
wyldfire wrote: post #56

After scouring the website for a bit I can't make head nor tail of this. Since it sounds like a fork of Ripple, it's very much centralized, right?

It was initially a fork of Ripple but has since been rewritten. Stellar is more decentralized, because each node decides which others to trust. In the Ripple network, certain nodes have been blessed as "validating nodes". There's a Stellar StackExchange question which goes into the differences a bit more: https://stellar.stackexchange.com/a/57/9

It's a private beta. What's the basis for trusting the peer nodes?
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