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2018 Stellar roadmap

stellar.org

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Re: 2018 Stellar roadmap

#101

Post by StavrosK »

jcousins wrote: post #38
EastSmith wrote: post #31

Earlier quoted context omitted.

Ha! Found the email, recovered the account and found 125.899988 lumens. Wonder what I did with the rest? Not sure if they were 6000, or 500 or something else.

It was 6000 in the original airdrop, and after that there was an airdrop against bitcoin addresses in a proportional fashion (only if you chose to claim them, if i am recalling correctly.)

There was one where you signed up with Facebook and got 5k too. I got quite a chunk of change by getting all my friends to log me in with their accounts.

Re: 2018 Stellar roadmap

#102

Post by StavrosK »

conanbatt wrote: post #67
kylehotchkiss wrote: post #59

Earlier quoted context omitted.

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

2900?? are you telling me I lost 200 dollars early selling?? Time to buy 50k worth now!

I think he means you lost it late selling. It was higher a few weeks ago.

Re: 2018 Stellar roadmap

#103

Post by achompas »

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.

Volume is not the whole market story.

Re: 2018 Stellar roadmap

#104

Post by greyman »

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…

> All those people who sold bitcoin at $19k could do so because there were buyers. Every single one of those buyers lost.

Only if they sold. Otherwise they might just wait until the price climbs back.

Re: 2018 Stellar roadmap

#105

Post by rememberlenny »

sjs382 wrote: post #71
rememberlenny wrote: post #46

Earlier quoted context omitted.

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.

You are completely right. Thanks for correcting.

Re: 2018 Stellar roadmap

#106

Post by alasdair_ »

I signed up for stellar when it was first announced and have about $1000 of stellar. Despite a whole bunch of emails, I'm still unable to access my account.

Anyone know who else I could contact?

Re: 2018 Stellar roadmap

#107

Post by aslkdjaslkdj »

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.

A company is valued in terms of the currency in it's stock exchange. A company in US has it's market cap in USD and a Japanese company has it's market cap in JPY. If you want to calculate the market cap in USD for a Japenese company, you have to use an exchange rate.

Now since cryptos are currencies themselves, it makes no sense of talking about a market cap. The market cap of stellar is the number of stellar available.

The market cap of a real currency like USD is the money supply. The money supply has probably a couple dozen different definitions depending on how you want to look at it and the fungibility of different representation of money. (Eg does it really make sense to consider burned bitcoin or satoshi's supposedly "never moving" bitcoin as part of the "money supply")

https://en.wikipedia.org/wiki/Money_supply#United_States

There is a reason forex market economists/analysts don't talk about the "market cap" of the Japanese Yen or market cap of the British pound.

There is also the whole intrinsic value of a company part. People buy stock because they believe the company is worth more than other people do. They (except for minor exceptions in the case of small investors) judge the companies future ability to generate profits and cash to decide on whether the buy or sell the stock. People buy crypto on pure speculation that other people will buy crypto in the future.

Re: 2018 Stellar roadmap

#108

Post by dustingetz »

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…

great comment BUT real world finance works like that too except USA keeps its currency in demand by forcing international trade especially oil to be settled in USD and invading countries who resist. Macro voices podcast went into that in super depth https://www.macrovoices.com/podcast-transcripts/341-anatomy-...

Re: 2018 Stellar roadmap

#109

Post by pedalpete »

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.

But Amazon's value is not based on it's assets. What is the value of AWS? Is it the physical servers and data-centers? Or is it the knowledge and systems which make it all operational.

If you can accept the later is where the real value is, eventually you're going to get to the point where you see the REAL value is in putting these pieces together into a system where a customer can exchange $$ for the value being created.

Then look at somebody like Stripe, and say, they make all the $$ just facilitating the exchange of $$ online.

Now, all of a sudden these other crypto services that enable the exchange of $$ don't seem so out there or do they?

Re: 2018 Stellar roadmap

#110

Post by CryptoPunk »

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?

Yes it's centralized by any reasonable definition of the term. You rely on a set of trusted third parties to establish consensus on the ledger's state.
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