So why no two factor auth right off the bat?
Stellar
251–260 of 486 posts
Re: Stellar
#252Can anyone give an insight to why they decided to have the stellars pre mined? Wouldn't that make stellars not valuable...
Yep, just another premined coin to the list, and as it turns out it's a fork of Ripple. Everyone here should read this comment: https://news.ycombinator.com/item?id=8115272
There is absolutely nothing wrong with premining, if it is done honestly and transparently and especially if your coin is using a consensus algorithm that has no need for regular mining in the first place. Let's evaluate the fairness of the distribution model on its merits. This one is quasi-centralized (relying on Facebook accounts), but I predict it will be among the most egalitarian.
Re: Stellar
#253Feel free to send me 1000 stellar in step 4 of the signup process. Username zeljko. Comment so I can give you some good karma. Thank you! (btw credit to corey for coming up with this)
Re: Stellar
#254I 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…
Switching between currencies, especially paper currencies, requires trust unless you're physically handing over money. I have full control over my bitcoins, but if I want dollars, I need to trust Bitstamp and my bank, or Stellar and my gateway.
Anyone can be a gateway, so Stripe can't prevent others from succeeding. The only barrier to entry to becoming a successful gateway is earning the trust of the folks transacting on the network.
Re: Stellar
#255"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…
We wish Stellar all the best and it's certainly a huge improvement on Ripple Labs, but we're also working on a (not directly competitive, but related) project http://hyperledger.com/ without any native currency or pre-allocation at all. Hope we can integrate with Stellar as soon as possible.
Great - shoot me an email (joyce@stellar) and happy to help!
Re: Stellar
#256Pretty 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...
+1. I won't use a service that forces me to connect with some 3d party.
Re: Stellar
#257Earlier quoted context omitted.
Thanks for responding, Patrick. I appreciate you engaging in discussion on this matter. I'm not sure that this actually answers my questions, though. You seem to have more or less restated what I said without specifically addressing anything. For instance, I said, "Jed is also on the Stellar board, too, one of only three members -- and so wields a considerable amount of influence." Then you said that "the board is co…
> For instance, I said, "Jed is also on the Stellar board, too, one of only three members -- and so wields a considerable amount of influence." Then you said that "the board is composed of Jed, Keith Rabois, and me". Sorry, mostly I was just alluding to the fact that most of the board is composed of external members. > In any case, I'm more interested in hearing about how Stellar is or isn't like Ripple. Is it essent…
How can you ensure that a financial network is impartial?
Re: Stellar
#258The Stellar.org post is here: https://news.ycombinator.com/item?id=8114871
No stripe.com URL boost = you'll have to work the hard way.
Whoa. There is absolutely no stripe.com URL boost, or any other kind of URL boost.
The stellar.org post set off HN's voting ring detector.
Edit: I (perhaps mistakenly) assumed the parent meant that HN itself was boosting certain URLs, as opposed to, say, name-recognition by users. The latter kind of thing is no doubt a factor.
Re: Stellar
#2590.625% will be granted to employees for 4 years. Does this mean they won't be paid after 4 years? Also can you elaborate on how the 0.625% will be divided between developers & founders?
Re: Stellar
#260Pretty 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...
Its not strange at all, otherwise it would be too easy to create a bunch of email accounts and "mine" stellar with them. With Facebook they have account history, number of friends, activity, etc as proof of validity. Its not a perfect measure but its much better than just allowing arbitrary email signups.