241–250 of 486 posts
Agh, the Stellar client requires a Facebook login to get a share of the initial batch. :/
I don't have a facebook account so that's an automatic rejection for me :-/
I'll revisit this once they add some other alternatives.
"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 st…
Hope we can integrate with Stellar as soon as possible.
Tried signing up but after a minute of waiting I was told my username was already taken. Then, I received an email saying I successfully signed up (with that same username), with a broken link to "forums.stellar.org". Managed to visit "forum.stellar.org" without an issue. I think you may have launched a little soon... EDIT: now unable to log in with my username and password combination.
Earlier quoted context omitted.
Hi, I work at Stellar. The FB auth is the first of several methods to receive stellars so we will add more methods soon. Also, mining obviously has many benefits, but it's still limited to people who are highly technical and/or who have money to spend. We wanted to provide much broader access to digital currency, and so stellars will be given away for free at the click of a button. To encourage transparency, anyone c…
Without the inclusion of mining and the incentives to establish a mining infrastructure, how do you intend to provide safe decentralized verification of transactions?
I 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…
"If so, then doesn't it have all the same problems and concerns as Ripple?" Correct. Like Ripple, Stellar requires special (and dangerous) trust in certain nodes. For example, gateways ( https://www.stellar.org/blog/introducing-stellar/#gateways ) have to be trusted by the Stellar network as they send messages like "a user deposited 100 USD via a bank wire transfer, so please accept this digital representation of 100…
This means there needs to emerge a good system for users to decide which gateways to trust, but a malicious gateway can only directly harm the users who have decided to trust it.
The beauty of this model is anyone can become a gateway at any time. See for example the gist linked at the end of the Stellar blog post: https://gist.github.com/thejollyrogers/b114b5a98fa11a5a4ad0 — becoming a gateway is just two API calls.
This is a Bitcoin-like, distributed, secure payment system WITH a federated protocol for gateways/exchanges. A federated exchange network allows anyone to participate, similar to email servers. But since trust is so much more important in this case, I think that network effects will result in a relatively small set of gateways that anyone will actually interact with.
http://i.imgur.com/DvyNzY3.jpg
Oh but it has integration with Facebook, so I guess that changes everything! /s
