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Stellar

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Re: Stellar

#401

Post by fiatjaf »

jxf wrote: post #175

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…

Well, I don't know who is Jed or Jeb, but the original Ripple was started by Ryan Fugger[1].

The original Ripple was a much more loose unfinished idea for a much more reliable solid decentralized means-of-trade. It wasn't even a currency, only a protocol, a scheme, a nice good thing[2]. Then this bad Ripple came and got the name from him and he accepted their proposal, maybe because he thought his project was dead, but in the minds of the people who thought about it it will never die!

[1]: https://classic.ripplepay.com/

[2]: https://groups.google.com/forum/#!forum/rippleusers

Re: Stellar

#402

Post by mkaziz »

pbhjpbhj wrote: post #366
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.

Same here .. why does a currency exchange need access to my FB friends and photos? For all I know the whole thing has been set up as a ruse to show that idiot tech-heads will give away their ID and family photos for "magic beans" in the form of potentially worthless private currency. Of course I'm happy to beg for "money" .. so you're still reading gdb, please give me some stellar (username: pbhj). Thanks!

It was the photo's that did it for me. Basic profile info, I can accept. Photo's, no.

Re: Stellar

#403

Post by gdb »

wyager wrote: post #394
gdb wrote: post #388

Earlier quoted context omitted.

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.

Here's a related (though not completely equivalent) thread on Reddit that I think does a good job of framing this topic: http://www.reddit.com/r/Bitcoin/comments/2c910w/stripe_gets_....

Re: Stellar

#404

Post by byproxy »

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.)

"ochoa" wouldn't mind some stellar sans Facebook account.

Re: Stellar

#405

Post by leshow »

murbard2 wrote: post #336
oafitupa wrote: post #249

Earlier quoted context omitted.

No this is not Bitcoin-like. It's premined and requires trust. Besides, it's just a fork of Ripple, which has already failed after being dumped by its creator. http://i.imgur.com/DvyNzY3.jpg Oh but it has integration with Facebook, so I guess that changes everything! /s

Bitcoin also requires trust, specifically the trust that miners will not collude to double spend. There is also nothing fundamental about the idea of issuing coins as a reward for mining. It's just one possibility among many, there's nothing intrinsically "fair" about it.

In Bitcoin, you trust the way the network as defined by the code has been set up, not the miners specifically.

In this situation you have the code to audit but you also have to trust the Stellar Foundation... I have to trust they are telling me the truth about how they are distributing the currency, that they won't sell their shares early, that these 3 people heading the foundation are going to act in my interests, etc.

What if the Stellar Foundation dissolves in a month? What happens to the currency?

Re: Stellar

#406

Post by RoboTeddy »

xmodem wrote: post #263

> Each week, the network will identify the winners. The winners are the 50 top voted for accounts that also received at last 1.5% of the vote. If no account has over 1.5% of the vote, then the top 50 accounts voted for are considered the winners. That week’s new stellars are then distributed pro-rata to the winners. So does this mean that if one account has 5% of the vote and all remaining accounts have under 1.5%, t…

As I read it, yes. But other account holders would have an incentive to band together in order to surpass 1.5% (or even 5%).

I wonder if it'll be possible to vote for an account that promises to immediately distribute new Stellar back to its voters. If so, newly-created Stellar may always end up being distributed in proportion to the Stellar wealth distribution.

Re: Stellar

#408

Post by andrewchambers »

poweribo wrote: post #278
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. signed but stopped when i saw connect to fb. no thanks.

its a fb account for 5000 stellar, this is just to stop people spamming new accounts.

You don't need to get the 5000 stellar.

Re: Stellar

#409

Post by funkyy »

desireco42 wrote: post #253

Feel 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)

Yeah, send it to username funkyygames as well - anyone wants 1,000 let me know! I cant find anyone to send this to.
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