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2018 Stellar roadmap

stellar.org

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Re: 2018 Stellar roadmap

#91

Post by specialist »

adbachman wrote: post #84
BrazeBeefNoodle wrote: post #72

Earlier quoted context omitted.

>> 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.

> The vast majority of people who have been involved are way ahead. Strong disagree :( Cryptocurrency investment is speculation in a zero-sum game. Every dollar someone pulls out of the system in profit required someone else to put a dollar in. All those people who sold bitcoin at $19k could do so because there were buyers. Every single one of those buyers lost. Cryptocurrencies are not shares in a corporation or bon…

I'm stuck on the revelation that the stock markets high valuations was driven by cartel money needing a place to park.

I now assume every bubble serves a similar purpose.

Knowing that, a person smarter and braver than me could be skimming off some of those narco dollars.

Re: 2018 Stellar roadmap

#92

Post by bringtheaction »

empath75 wrote: post #76
donquichotte wrote: post #75

Earlier quoted context omitted.

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.

> digital things can't have value because they aren't real

That's basically what you are saying.

Here's the thing though. Crypto currencies can have lots of uses. And even "simple" ones "only" made for payment like XLM and XRB have a value when they let me transact fast and cheaply.

I look forward to a future where my money is mine. Where no bank can arbitrarily decide to FREEZE MY FUNDS that I have LOANED TO THEM. The banking system is broken. Sure it gives us some nice things in return like fraud protection. But increasingly I begin to wonder whether the advantages of trad-banks are worth giving them control over my money, and increasingly the answer seems to me to be no.

Re: 2018 Stellar roadmap

#93

Post by bpicolo »

bobcostas55 wrote: post #81
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.

XLM trades > $600 million daily, if you spread out those $2b over a couple of weeks the impact wouldn't be that big.

That's a lot of bots trading back and forth, though. Different to actually try to sell a crap ton of newly circulating currency. Not to mention that transactions are traceable, so people would immediately know that Stripe is selling

Re: 2018 Stellar roadmap

#94

Post by aaronmarks »

bushido wrote: post #52
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...

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…

Doesn't say the net profits from "any sale" go to the Stellar Foundation, only the net profits from the "auction [of] a majority of [their] stellars." Presumably they could sell for profit their 1 billion stellars for profit without violating this pledge.

Re: 2018 Stellar roadmap

#95

Post by mahesh_rm »

terhechte wrote: post #48
otp124 wrote: post #35

Earlier quoted context omitted.

Same here; recovery code doesn't work. I reached out to them with no response. Not very promising that they couldn't even migrate early adopters over safely.

Same problem here :-(

Same problem here. I have been promised that it will be solved.

Re: 2018 Stellar roadmap

#96

Post by wmf »

BrazeBeefNoodle wrote: post #72
aaron-lebo wrote: post #62

Earlier quoted context omitted.

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.

People are way ahead on paper, but for them to realize their gains would require a whole lot of other people to buy in. When we look back ten years from now it's possible that only a minority of people will have profited.

Re: 2018 Stellar roadmap

#97

Post by tonyjin »

slig wrote: post #4

From few days ago: "PSA: Check your inbox for email from stellar.org, you may be sitting on $ " - https://news.ycombinator.com/item?id=16109292

Sweet! Found ~6k XLM :) Title of the email is "Stellars to get you started".

Re: 2018 Stellar roadmap

#98

Post by riku_iki »

desireco42 wrote: post #42

I am pretty happy with my Lumens. I got them during the initial airdrop and then later I got more. I followed on and off what is happening and Stellar really looks promising to me. Transactions go very quickly, api is decent and fairly easy to work with. As far as Coinbase, I don't think they are very good in handling things, BitcoinCash didn't go well. It would make sense for them to support Stellar, but who knows w…

The biggest problem for me, which prevents me from commiting to stellar is that they have just 2 engineers in Poland on Linkedin. Comparing to Ethereum Foundation it sounds like a joke. Where are those engineers who support infrastructure?

Re: 2018 Stellar roadmap

#99

Post by SimbaOnSteroids »

watoc wrote: post #87
BrazeBeefNoodle wrote: post #73

Earlier quoted context omitted.

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.

That's because a lot of current crypto holders are potential future losers. If you settle all crypto in USD today, most people will be left with close to 0.

This is exactly why I pulled my initial plus 150%. I figured if the bubble pops tomorrow I'm still up.

Re: 2018 Stellar roadmap

#100

Post by [deleted] »

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.

[deleted]
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