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2018 Stellar roadmap

stellar.org

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Re: 2018 Stellar roadmap

#71

Post by sjs382 »

rememberlenny wrote: post #46
bkolobara wrote: post #10

As many developers visit HN I will use this opportunity to advertise the Stellar Build challenge[1]. I participated in the past and it's great. Especially to build some fun side projects, learn about distributed ledgers and earn a bit of money. [1]: https://www.stellar.org/lumens/build/

You can make well over a few thousand dollars for learning about crypto and working on a interesting side-project. I agree to this. If you are interested in getting involved with building a crypto project, but can't justify the time: check this out. Stellar runs a monthly give away of Stellar coins for submissions by developers. They set out a overall vision of projects, and reward a certain designated amount of coin…

The build challenges are quarterly, not monthly.

Re: 2018 Stellar roadmap

#72

Post by BrazeBeefNoodle »

aaron-lebo wrote: post #62
tzakrajs wrote: post #51

Earlier quoted context omitted.

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.

Don't feel bad. I made and lost 30k speculating on dumb stuff like Mazacoin and Auroracoin. I avoided looking up any numbers for a long time, but my non-tech friend asked me the other day what it would have been worth. If I had invested 20k of that in the Ethereum presale, it would be worth 30 to 40 million dollars (or would have been when the market was high). Could kick yourself for stuff like that (I read the init…

>> For every big winner, there's some family who had a dad who mortgaged their house and lost it all.

That's silly. Just look at the growth in the total crypto market cap over the last few years (or even over the last six months) and it's clear that this can't be true.

The vast majority of people who have been involved are way ahead.

Re: 2018 Stellar roadmap

#73

Post by BrazeBeefNoodle »

AceJohnny2 wrote: post #63
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.

It's all speculation. There are tons of markets out there seeing similar inflation, though the geek crowd only focuses on the cryptocurrencies. Like all speculation, for every winner there are hundreds of losers, and hindsight is 20/20 but it's impossible to reasonably predict the future outcome. Don't worry about it :)

I think, given the extreme bullishness of this area over the past few years, the opposite is more likely true: for every loser there are hundreds of winners.

Re: 2018 Stellar roadmap

#74

Post by vanadium »

cstrat wrote: post #54
ledbettj wrote: post #37

Earlier quoted context omitted.

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)

Litecoin's supported on Coinbase, if that's the route someone wants to take.

Re: 2018 Stellar roadmap

#75

Post by donquichotte »

AceJohnny2 wrote: post #61
nileshtrivedi wrote: post #45

Earlier quoted context omitted.

> 2 billion lumens, which is now worth around $2 billion That's a bit exaggerated. Lumens are currently trading at $0.58 and such a big sale would have a high impact cost too.

Indeed, this is my biggest issue with all the market-cap numbers we keep seeing. The market-cap is a made-up number calculated by (current_price x num_tokens). Except that current_price isn't fixed and the buying and selling will change it. You aren't selling to an infinite buyer market either, so you can't just sell everything at once to extract that value in one go.

I agree that this is problematic, but aren't companies valued the same way? I.e. num_shares x share_price? Similar issues apply there.

Re: 2018 Stellar roadmap

#76

Post by empath75 »

donquichotte wrote: post #75
AceJohnny2 wrote: post #61

Earlier quoted context omitted.

Indeed, this is my biggest issue with all the market-cap numbers we keep seeing. The market-cap is a made-up number calculated by (current_price x num_tokens). Except that current_price isn't fixed and the buying and selling will change it. You aren't selling to an infinite buyer market either, so you can't just sell everything at once to extract that value in one go.

I agree that this is problematic, but aren't companies valued the same way? I.e. num_shares x share_price? Similar issues apply there.

except amazon stock represents ownership of a corporation with assets that have value.

Re: 2018 Stellar roadmap

#77

Post by sjs382 »

fiatjaf wrote: post #68

Lightning on Stellar? I don't understand why this is desirable.

I think it's a matter of quickly setting up and closing an off-chain ledger, rather than supporting more transactions or keeping transaction costs low. Privacy could be a reason to do this, but I'm sure there are other reasons, too.

Re: 2018 Stellar roadmap

#78

Post by [deleted] »

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

[deleted]

Re: 2018 Stellar roadmap

#79

Post by oliyoung »

brndnmtthws wrote: post #3

Convenient timing to pump this coin. Seems like Stripe is getting their ducks in a row so they can cash in on their altcoin.

orrrrr they legitimately see it as a viable transnational currency which could ensure their own growth as a company.

I doubt Stripe cashes those coins in, their interest is commercial, not financial

Re: 2018 Stellar roadmap

#80

Post by benatkin »

donquichotte wrote: post #75
AceJohnny2 wrote: post #61

Earlier quoted context omitted.

Indeed, this is my biggest issue with all the market-cap numbers we keep seeing. The market-cap is a made-up number calculated by (current_price x num_tokens). Except that current_price isn't fixed and the buying and selling will change it. You aren't selling to an infinite buyer market either, so you can't just sell everything at once to extract that value in one go.

I agree that this is problematic, but aren't companies valued the same way? I.e. num_shares x share_price? Similar issues apply there.

Yeah, they are, and in the 90s DotCom boom I remember seeing it prominently mentioned that the value of Jerry Yang's shares in Yahoo! was "on paper".
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