131–140 of 154 posts
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Thank you for this comment. I checked my email, found out I had 40K, and cashed out half. We live in strange times.
Congrats! Curious why you got 40k though? I thought everyone received 6k.
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These are common misconceptions from speculators. 1. Crypto-assets like Bitcoin/Ethereum/Steller/Ripple, etc, are created simply by typing some numbers into a piece of software. There's no underlying value, it's a number in a database. 2. Stocks have measurable value, https://en.wikipedia.org/wiki/Price%E2%80%93earnings_ratio 3. Anytime someone sells a Bitcoin or whatevercoin it requires a buyer. Similar to baseball…
How long do you think Amazon's stock price would stay high if no new investors could be found? Don't dig too deep into what separates stocks and government issued fiat currency from pyramid schemes or what you find will trouble you. In many ways, crypto is the safer of the two. A finite amount of bitcoin will be created, can you say the same for the US dollar? My view is that everything is a pyramid scheme from the f…
If, in your hypothetical example, the reason there were no buyers was completely unrelated to the performance of Amazon as a company
And the price of Amazons stocks dropped enough, eventually it would reach a point where Amazon would start buying its stocks back as it would be financially nonsensical to not do so
AFAIK the stellar network purports to be a place where you can do peer to peer exchanges of currencies, with Lumens being one of them, but on the stellar website they say things like:
> Why does the Stellar network need a native asset?
> The Stellar network offers all of the innovative features of a shared public ledger on a distributed database—often referred to as blockchain technology. The Stellar network’s built-in currency, the lumen, serves two purposes:
>
> First, lumens play a small anti-spam role.
> Each transaction has a minor fee—0.00001 lumens—associated with it. This fee prevents users with malicious intentions from flooding the network (otherwise known as a DoS attack). Lumens work as a security token, mitigating DoS attacks that attempt to generate large numbers of transactions or consume large amounts of space in the ledger.
>
> Similarly, the Stellar network requires all accounts to hold a minimum balance of 20 lumens. This requirement ensures that accounts are authentic, which helps the network maintain a seamless flow of transactions.
>
> Second, lumens may facilitate multi-currency transactions.
>
> Lumens sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the lumen and each currency involved.
> You may choose to purchase lumens as a supporter of the Stellar.org mission.
I recently started looking into Lumens and can't figure out the value proposition of the token. AFAIK the stellar network purports to be a place where you can do peer to peer exchanges of currencies, with Lumens being one of them, but on the stellar website they say things like: > Why does the Stellar network need a native asset? > The Stellar network offers all of the innovative features of a shared public ledger on…
> Why does the Stellar network need a native asset?
> The Stellar network offers all of the innovative features of a shared public ledger on a distributed database—often referred to as blockchain technology. The Stellar network’s built-in currency, the lumen, serves two purposes:
> First, lumens play a small anti-spam role.
> Each transaction has a minor fee—0.00001 lumens—associated with it. This fee prevents users with malicious intentions from flooding the network (otherwise known as a DoS attack). Lumens work as a security token, mitigating DoS attacks that attempt to generate large numbers of transactions or consume large amounts of space in the ledger.
> Similarly, the Stellar network requires all accounts to hold a minimum balance of 20 lumens. This requirement ensures that accounts are authentic, which helps the network maintain a seamless flow of transactions.
> Second, lumens may facilitate multi-currency transactions.
> Lumens sometimes facilitate trades between pairs of currencies between which there is not a large direct market, acting as a bridge. This function is possible when there is a liquid market between the lumen and each currency involved.
> You may choose to purchase lumens as a supporter of the Stellar.org mission.
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They dropped Bitcoin because transaction fees are really high, and the bitcoin core team has no intention of solving the problem. Maybe in 18 months, when the mythical lightning network gets released they will add it back. But not now.
> no intention of solving the problem. I was starting to grow pretty concerned but clearly segwit and LN have made enough progress that fees have dropped to ~10sat/byte. [1] That is dirt cheap. [1] https://bitcoinfees.earn.com
main reason for the drop imo is the end of the hype cycle: https://trends.google.com/trends/explore?q=bitcoin
Edit: typo
I recently started looking into Lumens and can't figure out the value proposition of the token. AFAIK the stellar network purports to be a place where you can do peer to peer exchanges of currencies, with Lumens being one of them, but on the stellar website they say things like: > Why does the Stellar network need a native asset? > The Stellar network offers all of the innovative features of a shared public ledger on…
Transaction charges Transaction time Solid and reliable unlike IOTA
Good developer ecosystem
Good platform for ICOs
"Stellar supports over 1,000 transactions per second compared to Ethereum’s 7 token transaction per second."
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except amazon stock represents ownership of a corporation with assets that have value.
> digital things can't have value because they aren't real That's basically what you are saying. Here's the thing though. Crypto currencies can have lots of uses. And even "simple" ones "only" made for payment like XLM and XRB have a value when they let me transact fast and cheaply. I look forward to a future where my money is mine. Where no bank can arbitrarily decide to FREEZE MY FUNDS that I have LOANED TO THEM. T…
I don't think he's saying that at all. Google is pretty digital but has value because it has millions of paying customers. With things like dogecoin the value proposition is more questionable.
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Indeed, this is my biggest issue with all the market-cap numbers we keep seeing. The market-cap is a made-up number calculated by (current_price x num_tokens). Except that current_price isn't fixed and the buying and selling will change it. You aren't selling to an infinite buyer market either, so you can't just sell everything at once to extract that value in one go.
I agree that this is problematic, but aren't companies valued the same way? I.e. num_shares x share_price? Similar issues apply there.
I am pretty happy with my Lumens. I got them during the initial airdrop and then later I got more. I followed on and off what is happening and Stellar really looks promising to me. Transactions go very quickly, api is decent and fairly easy to work with. As far as Coinbase, I don't think they are very good in handling things, BitcoinCash didn't go well. It would make sense for them to support Stellar, but who knows w…
The biggest problem for me, which prevents me from commiting to stellar is that they have just 2 engineers in Poland on Linkedin. Comparing to Ethereum Foundation it sounds like a joke. Where are those engineers who support infrastructure?