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2018 Stellar roadmap

stellar.org

141–150 of 154 posts

Re: 2018 Stellar roadmap

#141

Earlier quoted context omitted.

>> For every big winner, there's some family who had a dad who mortgaged their house and lost it all. That's silly. Just look at the growth in the total crypto market cap over the last few years (or even over the last six months) and it's clear that this can't be true. The vast majority of people who have been involved are way ahead.

> The vast majority of people who have been involved are way ahead. Strong disagree :( Cryptocurrency investment is speculation in a zero-sum game. Every dollar someone pulls out of the system in profit required someone else to put a dollar in. All those people who sold bitcoin at $19k could do so because there were buyers. Every single one of those buyers lost. Cryptocurrencies are not shares in a corporation or bon…

That's assuming the coins have no ongoing value which may not be the case.

Re: 2018 Stellar roadmap

#142

Earlier quoted context omitted.

orrrrr they legitimately see it as a viable transnational currency which could ensure their own growth as a company. I doubt Stripe cashes those coins in, their interest is commercial, not financial

If they felt that way they'd just contribute to Bitcoin.

One does not just 'contribute' to Bitcoin.

Re: 2018 Stellar roadmap

#143

Earlier quoted context omitted.

> 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

i don't think LN has had a chance to make any impact yet and segwit's adoption could be better though it does help. main reason for the drop imo is the end of the hype cycle: https://trends.google.com/trends/explore?q=bitcoin Edit: typo

Fair enough, you may be right.

Re: 2018 Stellar roadmap

#144
post #136
post #133

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…

There's a blog entry from them with a few points https://www.stellar.org/blog/Q1-2018-stellar-and-state-of-cr... I think: 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."

If it supports 1000tps on a blockchain, then there must be some centralization nodes, in which case, it is just another Dash equivalent.

Centralization defeats the purpose of crypto in my opinion.

Re: 2018 Stellar roadmap

#145
post #133

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…

Formatted so it's readable on mobile: > 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—associ…

Thanks. I had thought there was some way to format quotes, but after looking at the HN formatting doc [1] I see I was mistaken and I used the styling intended for code formatting.

[1] - https://news.ycombinator.com/formatdoc

Re: 2018 Stellar roadmap

#148
post #40

Two days ago, Stripe announced they were dropping Bitcoin. And now Stellar (A Stripe-seeded company) announces their 2018 plans. Good job on the guy that saw it coming in HN comments ! Note: I'm not bashing Stellar, I'm actually a big fan. : https://news.ycombinator.com/item?id=16216329

In 2014, Stripe gave Stellar a $3 million loan in exchange for 2 billion lumens, which is now worth around $2 billion. They still have those lumens. I wonder why they would drop bitcoin support and start pushing Stellar...

Ah, that answers my question as to whether Stellar is a blockchain structured to be a Ponzi-Pyramid scheme..

Re: 2018 Stellar roadmap

#149
post #136

Earlier quoted context omitted.

There's a blog entry from them with a few points https://www.stellar.org/blog/Q1-2018-stellar-and-state-of-cr... I think: 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."

If it supports 1000tps on a blockchain, then there must be some centralization nodes, in which case, it is just another Dash equivalent. Centralization defeats the purpose of crypto in my opinion.

As far as I can tell it's not centralized. It runs faster than bitcoin or ethereum because they do not have proof of work and don't spend time doing hashes. Instead every 4 second or so all the servers put out their version of the new block and the 'consensus' is chosen. I think - I'm new to this.

Re: 2018 Stellar roadmap

#150
post #133

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…

It is the same as the Ripple network and XRP. XRP or lumens are the native currency of the network. Every other asset traded is an IOU.

You can represent any asset or balance as an IOU. Your bank account is USD/Bank-of-america for example.

So the idea behind Stellar and Ripple is that you can represent and trade IOU's. But the intermediate without an IOU is the native currency of the network.

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