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Stellar

stripe.com

411–420 of 486 posts

Re: Stellar

#412
> Stellar is a decentralized protocol

Stellar has a central authority that can mint new stellars. That is not decentralized. Bold-faced lie.

Re: Stellar

#414
post #403
post #394

Earlier quoted context omitted.

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_... .

Specifically, "Apart from that, block signers synchronize through the Consensus algorithm which is a semi-trusted model."

Emphasis on "semi-trusted", i.e. "not worth shit from a decentralization standpoint".

Re: Stellar

#415
post #267

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...

I hear you. It's a temporary measure: https://www.stellar.org/faq/#_Why_do_I_need_to_authenticate_... . Basically, it was an easy (but imperfect) way to start. We'd certainly love suggestions for other channels to distribute stellars.

Hello, I tried signing up but kept getting the error message "Oops Please verify your facebook account and try again" I typed in my correct facebook user and password. Not sure why it is not working correctly. Please advise. If you can send me some stellars to play with meanwhile my user name is uprun478 Thanks

Re: Stellar

#417
I got this message when signing up with my Facebook account (which I only use for signing in to services, not to connect with people, which may be why I got it):

Oops! Our spam detection checks say your Facebook account isn't eligible. If you are a legitimate user, we apologize and are improving our detection algorithms. And we will release new ways to grab stellars soon, so please check back.

Is there any way to prove that my account is legitimate? Maybe my Github account, where I manage a somewhat popular open-source project, Min (http://minfwk.com) My username both on Github, HN and Stellar is owenversteeg. This seems like an interesting idea, and I'd like to play around with it.

Re: Stellar

#419

Earlier quoted context omitted.

> The beauty of this model is anyone can become a gateway at any time. If this takes off, then you could use this to build the killer "spot me $5" app. A few weeks ago when some friends were describing the spreadsheet they used to track who owes what to who, I proposed a micro-virtual currency limited to just the circle of friends that all trust each other, whereby exchanging the virtual currency you can transfer deb…

Thinking about this a bit more, there is one flaw with using it to track debts among a circle of friends, which is that any of those friends could then turn around and trade the USD-stellar I issued them to someone else, who doesn't realize that they shouldn't actually trust me for it. Using a fake currency as a proxy for USD would work here, but of course fake currencies have their own problem which is everyone has…

> Thinking about this a bit more, there is one flaw with using it to track debts among a circle of friends, which is that any of those friends could then turn around and trade the USD-stellar I issued them to someone else, who doesn't realize that they shouldn't actually trust me for it.

Unless this is totally different than Ripple, this can't happen unless there's a trust pathway between the recipient and you.

Re: Stellar

#420
I'm also having issues with FB but would love to have some stellars. Acct name is jsouza, thanks!
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