431–440 of 486 posts
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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…
I'm not sure anyone in a high profile position can guarantee exclusion from being criticized. Having said that, I don't think it's fair to come in here an parrot some vague negative statement and then use it to question their motives. If you've got a specific beef with him, then you should just say what you mean instead of saying something that only serves to lay blame without rational. 95% of the coin is being given…
I think I was very specific in the OP and the WSJ reference.
But to spell it out: Jed McCaleb is a cofounder of MtGox and Ripple. MtGox collapsed, is defunct, and is under investigation by multiple governments and regulatory agencies. Ripple dropped 40% in one day when Jed liquidated.
I don't think it's unreasonable to wonder whether Jed is the right person to be on the board of a new digital currency, given the track record at the last two organizations.
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…
It's funny to me that even though I doubt Stellar will be more than a flash in the pan (due to the reasons you mention and what they imply) I'm still willing to give up privacy for the shot that 5000 STR might buy me a sandwich one day.
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Yup, obviously a fork of Ripple. While at Ripple, Jed acqui-hired his gf Joyce (SimpleHoney). Then MtGox blew up (Jed still had his profit-sharing agreement with MtGox from his sale to Mark Karpeles). Then Jed announced he was going to dump his 9 billion XRPs ("fyi, XRP dump incoming") because he didn't like the direction his co-founder Chris was taking Ripple. Then he launches Stellar, the XRP clone. Didn't even bot…
I have my own documentation of what I would consider to be Jed's dubious history as a trustworthy part of the digital currency world. Having been one of the early miners of BTC when it was under 25 cents and then an eager proponent of Ripple at its inception I feel disgusted and betrayed by the behavior of two particular people: Jed and Mark Karpeles. And yes, they deserve to be mentioned in the same breath. I was on…
"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 hope that it'll end up being considerably more even than Bitcoin distribution. One note is that of the 5%, 2% is currently held by Stripe. We're going to auction off most of our Stellars, and return the proceeds to the Foundation. The Foundation is also being transparent about where the remaining stellars are going, namely: 2.5% to existing employees ( https://www.stellar.org/about/governance/#Employee_Compensat..…
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?
I received 4000+1000=5,000 Stellar. I sent 1,000 to another user. I have 3,999 Stellar remaining. What happened to my extra Stellar?
Take a look at https://www.stellar.org/faq/#_What_are_the_fees_for_a_transa... . The short answer is that each transaction burns 10 microstellar, and they haven't smoothed out all of the display issues in the hosted client yet, hence the surprise.
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…
For what it's worth, I signed up and connected Facebook and got 0 STR. Something broke, but now they have all my FB data so that's fun. It's funny to me that even though I doubt Stellar will be more than a flash in the pan (due to the reasons you mention and what they imply) I'm still willing to give up privacy for the shot that 5000 STR might buy me a sandwich one day.
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Would be interested in trying this, but can't obtain any yet due to (intentional) lack of Facebook account. Happy to pay it forward in the inevitable HN article when they launch non-Facebook mechanisms. Username: JoshTriplett
Enjoy! :)