There seems to be a session bug. I have to log in again every time I refresh the page. Of course, the page is updated automatically so the refresh is probably unnecessary, but the session bug is still there. :)
Stellar
201–210 of 486 posts
Re: Stellar
#202There seems to be a session bug. I have to log in again every time I refresh the page. Of course, the page is updated automatically so the refresh is probably unnecessary, but the session bug is still there. :)
It's actually not a bug -- it's because the client never sends the password to the server. (It decrypts your wallet locally.)
Re: Stellar
#203Ok, so now they're promising me my free stellars "tomorrow".
Which is fine in one way - feel free to take your time handing me my free stuff. On the other hand, it doesn't give me much faith they can scale to the mass market...
Re: Stellar
#204Pretty strange how Stellar is paying people to sign up with Facebook. Facebook is very centralized. These modern currencies are very decentralized. I don't mind myself, but it seems like paying someone to sign up with the enemy...
Re: Stellar
#205"The network has been initialized with a supply of 100 billion stellars. 5% will be used to fund operations of the nonprofit (its spending, including employee compensation, will be public), and the remaining 95% of the stellars will be distributed for free as quickly as we can manage."
IIRC Ripple's founders (including Jed) kept about 20% of XRP, and Ripple Labs kept about 25%, so only 5% is a lot better, but it's still a very centralized solution to distribution.
I do like that they're distributing 20% of the Stellars to BTC (and XRP) holders, though: https://www.stellar.org/about/mandate/#Bitcoin_program
Re: Stellar
#206This kind of looks like a re-branding of Ripple. Ripple had a lot of image issues after one of the founders quit accusing the company of unethical behavior. Kind of unfortunate that Stripe would through their weight behind Ripple in any way.
Yeah, the image issues were unfortunate -- but the tech is good, and Jed and David have a lot of promising ideas about how to make it even better. Jed and Joyce have been scrupulous about being fair and transparent in how the Stellar Foundation is structured. There's more about this (including governance documents) at https://www.stellar.org/about/.
Re: Stellar
#207I'm anxious to try it out, but don't have a Facebook account needed to get the seed currency.
Re: Stellar
#208I was able to successfully sign up and get 5,000 STR, so that worked for me at least. But then I started looking a little deeper into the blog post. > Development is led by Jed McCaleb and Dr. David Mazieres in collaboration with a small team of others. (The technology is based on the open-source Ripple project, originally created by Jed a few years ago.) So, is Stellar fundamentally the same thing as and/or a fork o…
Patrick Collison here. I think that Stellar's governance is going to be one of its strong suits. (And something that we thought was lacking in other efforts.) Stellar is a nonprofit organization and will have public financials and governance documents. It will also hold just 5% of the stellars -- 95% is being given away as quickly as possible. The board is composed of Jed, Keith Rabois, and me. A number of other advi…
The 5% number seems a little strange to me. The post also said there are 1% more Stellars every year. So that is the same as the ruling central organization giving itself infinite money. I guess the 5% is kind of vanity metric to make people feel safe without much meaning.
Re: Stellar
#209Re: Stellar
#210Earlier quoted context omitted.
A better way to phrase what you just did: Maybe the values are stored as a float? But that would be silly, so there must be a better reason.
From FAQs: To prevent spam, each transaction burns 10 microstellars (that is, 0.00001 stellars).
Where do the 10 microstellars go? Are they actually destroyed?