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Stellar

stripe.com

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Re: Stellar

#301

Post by [deleted] »

JoshTriplett wrote: post #94
joyce wrote: post #17

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?

[deleted]

Re: Stellar

#303

Post by rydo »

gdb wrote: post #275
spacefight wrote: post #273

Earlier quoted context omitted.

The signup with FB to get 5000 stellars pushed me off. Why should I give a totally new non-profit organisation access to my FB profile? I guess most of the devs here know, what that mean in terms of privacy.

Yep, for sure. The goal is to get stellars into the hands of as many people as possible, and so moving beyond just FB is definitely a priority. (If you want, I'd be happy to send you a few stellar to play with in the meanwhile.)

I've got the same problem as some other users here, my FB account was flagged as spam -- not that surprising since I don't use it, but it's annoying.

Re: Stellar

#304

Post by philipDS »

deckar01 wrote: post #300
philipDS wrote: post #289

Very interesting. I always thought of Ripple as semi-scam, but I can see Stellar become a thing (be huge, actually), backed by Stripe and hopefully others soon enough. Question.. how is the password used to decrypt the secret key? Which encryption algorithm is used? Can anyone technically explain?

Stellar dev here. Thanks for the encouragement. We use scrypt to derive a key from your username and password. The key is used to encrypt your secret data with 256bit AES in GCM mode. You can check out the implementation here: https://github.com/stellar/stellar-client/blob/master/app/sc...

Thanks! Gonna have a look at it now - seems like an interesting authentication scheme :)

Re: Stellar

#305

Post by chockablock »

flowless wrote: post #256
lnanek2 wrote: post #204

Pretty 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.

You don't have to connect with FB to create an account.

Re: Stellar

#308

Post by gdb »

techtivist wrote: post #296

It seems to me Stellar (the organization) will be "the Central Bank" a la Bank for International Settlements at the global level or Federal Reserve for Stellar (the cryptocurrency). This is what makes me uncomfortable. The biggest point about cryptocurrencies is that they are not centralized. In that sense Stellar seems a lot worse than regular currency. With a regular currency, at least the respective Central Bank o…

The Stellar Foundation will actually control relatively little. The creation of new stellars, for example, will be done in a fully distributed fashion: https://www.stellar.org/about/mandate/#Stellar_creation.

To clarify, of the total 5% reserved for operations, ownership is currently:

- 2% to Stripe (the majority of which we're going to auction off to other companies, with net profits being returned to the foundation) - 2.5% to employees (https://www.stellar.org/about/governance/#Employee_Compensat...), vesting over four years

As needed, the organization will also hold open auctions to raise funds from its remaining pool of stellars (https://www.stellar.org/about/mandate/#Continued_funding_of_...), which will conveniently distribute the stellars further.

Note also there's a five-year lockup for the founders: https://www.stellar.org/about/mandate/#Stellar_distribution.

Are there actions you're worried that the organization might be able to take given this?

Re: Stellar

#310

Post by ingenieroariel »

gdb wrote: post #275
spacefight wrote: post #273

Earlier quoted context omitted.

The signup with FB to get 5000 stellars pushed me off. Why should I give a totally new non-profit organisation access to my FB profile? I guess most of the devs here know, what that mean in terms of privacy.

Yep, for sure. The goal is to get stellars into the hands of as many people as possible, and so moving beyond just FB is definitely a priority. (If you want, I'd be happy to send you a few stellar to play with in the meanwhile.)

Can I also get some stellar? Same username here and there. Thanks in advance.
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