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…
2018 Stellar roadmap
141–150 of 154 posts
Re: 2018 Stellar roadmap
#142Earlier quoted context omitted.
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
If they felt that way they'd just contribute to Bitcoin.
Re: 2018 Stellar roadmap
#143Earlier quoted context omitted.
> 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
i don't think LN has had a chance to make any impact yet and segwit's adoption could be better though it does help. main reason for the drop imo is the end of the hype cycle: https://trends.google.com/trends/explore?q=bitcoin Edit: typo
Re: 2018 Stellar roadmap
#144I recently started looking into Lumens and can't figure out the value proposition of the token. AFAIK the stellar network purports to be a place where you can do peer to peer exchanges of currencies, with Lumens being one of them, but on the stellar website they say things like: > Why does the Stellar network need a native asset? > The Stellar network offers all of the innovative features of a shared public ledger on…
There's a blog entry from them with a few points https://www.stellar.org/blog/Q1-2018-stellar-and-state-of-cr... I think: Transaction charges Transaction time Solid and reliable unlike IOTA Good developer ecosystem Good platform for ICOs "Stellar supports over 1,000 transactions per second compared to Ethereum’s 7 token transaction per second."
Centralization defeats the purpose of crypto in my opinion.
Re: 2018 Stellar roadmap
#145I recently started looking into Lumens and can't figure out the value proposition of the token. AFAIK the stellar network purports to be a place where you can do peer to peer exchanges of currencies, with Lumens being one of them, but on the stellar website they say things like: > Why does the Stellar network need a native asset? > The Stellar network offers all of the innovative features of a shared public ledger on…
Formatted so it's readable on mobile: > Why does the Stellar network need a native asset? > The Stellar network offers all of the innovative features of a shared public ledger on a distributed database—often referred to as blockchain technology. The Stellar network’s built-in currency, the lumen, serves two purposes: > First, lumens play a small anti-spam role. > Each transaction has a minor fee—0.00001 lumens—associ…
Re: 2018 Stellar roadmap
#146Re: 2018 Stellar roadmap
#147Isn't stellar's consensus still the 'consensus' of one node owned by the company due to the fact that the design is totally broken?
Re: 2018 Stellar roadmap
#148Two 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...
Re: 2018 Stellar roadmap
#149Earlier quoted context omitted.
There's a blog entry from them with a few points https://www.stellar.org/blog/Q1-2018-stellar-and-state-of-cr... I think: Transaction charges Transaction time Solid and reliable unlike IOTA Good developer ecosystem Good platform for ICOs "Stellar supports over 1,000 transactions per second compared to Ethereum’s 7 token transaction per second."
If it supports 1000tps on a blockchain, then there must be some centralization nodes, in which case, it is just another Dash equivalent. Centralization defeats the purpose of crypto in my opinion.
Re: 2018 Stellar roadmap
#150I recently started looking into Lumens and can't figure out the value proposition of the token. AFAIK the stellar network purports to be a place where you can do peer to peer exchanges of currencies, with Lumens being one of them, but on the stellar website they say things like: > Why does the Stellar network need a native asset? > The Stellar network offers all of the innovative features of a shared public ledger on…
You can represent any asset or balance as an IOU. Your bank account is USD/Bank-of-america for example.
So the idea behind Stellar and Ripple is that you can represent and trade IOU's. But the intermediate without an IOU is the native currency of the network.