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Stellar

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391–400 of 486 posts

Re: Stellar

#391

Post by muneeb »

olouv wrote: post #362

The password recovery scheme is so poorly designed, that's borderline scary: You can't use the recovery code sent by email after registration without validating your email first (but since you have the code, your email is obviously valid)... which requires you to login (but if you don't have your password, well, you can't log in)... Great!... one lost account for me.

+1, the recovery code shouldn't go out in plain text email. Also, I picked a weak password just to quickly make an account and I can't seem to change it, hmmm.

Re: Stellar

#392

Post by oluckyman »

rjsamson wrote: post #172

I posted this on the support forum as well, but myself and at least one other user have had this problem: I created an account, but it timed out and never took me to the next page, however I received the two confirmation emails (including the pw recovery code). When I try to log in though, I get invalid username or password, and the password recovery code is useless. So it looks like it's possible to create an accoun…

Same issue for me.

Re: Stellar

#393

Post by ianburrell »

ericb wrote: post #103

I get what bitcoin is. Can someone help me with what stellar is, and why it is better than, or a complement to, bitcoin or the traditional system?

Stellar (and Ripple) are distributed ledger and exchange. The big difference from Bitcoin is that it records credits from gateways in multiple currencies. It can transfer money in regular currencies and exchange different currencies.

The other big difference is that consistency is not maintained by mining but with consensus between trusted servers. This makes theoretically scale to larger volumes and better latency while not being fully distributed.

The Bitcoin cryptocurrency people hate it because it uses fiat currencies and is more centralized. Most people will probably prefer Stellar since it can interface with existing bank accounts and monetary systems. It can be complement to Bitcoin as it can act as a distributed exchange.

Re: Stellar

#394

Post by wyager »

gdb wrote: post #388
wyager wrote: post #387

Earlier quoted context omitted.

>The Stellar Foundation will actually control relatively little. The creation of new stellars, for example, will be done in a fully distributed fashion It's not fully distributed. All the decision-making nodes are controlled by Stellar. Just because there is stake-based voting involved does not mean the underlying system is distributed.

Maybe I'm misunderstanding your objection, but you can actually run your own stellard, which is a first-class member of the network: https://github.com/stellar/stellard . The Foundation runs a public stellard for convenience, but you're under no obligation to use it. The client and wallet powering launch.stellar.org are similarly open-source, and can be hooked up to your local stellard.

Stellar is a fork of Ripple. It is not a decentralized system, in the sense that, if you want to use any given currency (such as stellars), you must trust a number of centralized, trusted nodes. This is Ripple's/Stellar's "solution" to the double-spend problem.

Re: Stellar

#396

Post by joeyspn »

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. Apparently they intend to comply with KYC regulations really early...

Re: Stellar

#398

Post by wyager »

dmix wrote: post #319
joyce wrote: post #190

Earlier quoted context omitted.

Great question - here are the two key items: - Stellar is a nonprofit. No one owns it. The board and advisors represent a diverse group of people in tech, finance, nonprofit and academia to encourage cross-pollination of ideas. The board is also required to expand to 5 members by year-end. - Almost all the stellars will be given away for free (95%) because the goal is to educate and provide access to digital currency…

So this is pseudo-decentralized in the same way CA certificates or domain names are? I thought we were trying to move away from that model after Bitcoin made it possible to.

> I thought we were trying to move away from that model after Bitcoin made it possible to.

"We" doesn't include people trying to make money off shitty pump-and-dump altcoins, unfortunately.

Re: Stellar

#399

Post by dmix »

wyager wrote: post #398
dmix wrote: post #319

Earlier quoted context omitted.

So this is pseudo-decentralized in the same way CA certificates or domain names are? I thought we were trying to move away from that model after Bitcoin made it possible to.

> I thought we were trying to move away from that model after Bitcoin made it possible to. "We" doesn't include people trying to make money off shitty pump-and-dump altcoins, unfortunately.

The only thing preventing Stellar from being an immediate pump-and-dump scheme is a 5 year mandate clause:

https://news.ycombinator.com/item?id=8116051

Ripple's XRP value plummeted after one of the founders of Ripple, and now founder of Steller, sold off his holdings within 2 weeks. I hope someone can explain to me how this is better than a decentralized variant?

Re: Stellar

#400

Post by ryan-c »

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.)

Well, since everyone else is asking, my username is ryanc, and I don't have a Facebook account.
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