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2018 Stellar roadmap

stellar.org

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Re: 2018 Stellar roadmap

#81

Post by bobcostas55 »

nileshtrivedi wrote: post #45
solean wrote: post #40

Earlier quoted context omitted.

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...

> 2 billion lumens, which is now worth around $2 billion That's a bit exaggerated. Lumens are currently trading at $0.58 and such a big sale would have a high impact cost too.

XLM trades > $600 million daily, if you spread out those $2b over a couple of weeks the impact wouldn't be that big.

Re: 2018 Stellar roadmap

#82

Post by specialist »

BrazeBeefNoodle wrote: post #72
aaron-lebo wrote: post #62

Earlier quoted context omitted.

Don't feel bad. I made and lost 30k speculating on dumb stuff like Mazacoin and Auroracoin. I avoided looking up any numbers for a long time, but my non-tech friend asked me the other day what it would have been worth. If I had invested 20k of that in the Ethereum presale, it would be worth 30 to 40 million dollars (or would have been when the market was high). Could kick yourself for stuff like that (I read the init…

>> 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.

I now wonder if there are any surveys of first mover advantage in pyramid schemes, ponzi schemes, bubbles.

SOME ONE made one a fortune during the tulip mania. Right?

Re: 2018 Stellar roadmap

#83

Post by TomK32 »

tzakrajs wrote: post #51
jakobegger wrote: post #47

Earlier quoted context omitted.

And here‘s the problem with cryptocurrencies: They might have all kinds of use cases, but people just see a quick way to get rich.

I agree with you in general but in my case, Bitcoin had already experienced several booms and I was aware of the crypto-[mb]illionaires back then. Either way, if I would've jumped on the "get rich" bandwagon, I might actually be today.

How many actual $$$ millionaires are there really? With old currencies in old-fashioned off-shore bank-accounts? After all, it's still the govt controlled currencies that buy you houses, supercars and tropical islands. /s

Re: 2018 Stellar roadmap

#84

Post by adbachman »

BrazeBeefNoodle wrote: post #72
aaron-lebo wrote: post #62

Earlier quoted context omitted.

Don't feel bad. I made and lost 30k speculating on dumb stuff like Mazacoin and Auroracoin. I avoided looking up any numbers for a long time, but my non-tech friend asked me the other day what it would have been worth. If I had invested 20k of that in the Ethereum presale, it would be worth 30 to 40 million dollars (or would have been when the market was high). Could kick yourself for stuff like that (I read the init…

>> 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 bonds or any sort of interest or dividend producing financial instrument. Even the ICOs that claim to be so only work when new money is coming in. To get a (real) dollar out of the system, someone else has to put a dollar in. To get more money out of the system than you put in, someone else has to pay. For that person to get more money out, more people have to come in after them and pay. The top of the pyramid gets paid, the bottom is left holding the bag.

The only growth in market cap is new money flowing into the system. Once enough decides to flow out, the gig is up and the whole thing tanks.

Re: 2018 Stellar roadmap

#85

Post by erdo »

I don't think anyone mentioned this link yet but it has a lot of interesting bits about the stellar story and why it was forked from ripple:

http://observer.com/2015/02/the-race-to-replace-bitcoin/

I think their distribution of coins might be a problem for them in future (see how the Facebook scheme was totally scammed in the article)

Re: 2018 Stellar roadmap

#86

Post by wyldfire »

sjs382 wrote: post #66
wyldfire wrote: post #60

Earlier quoted context omitted.

It's a private beta. What's the basis for trusting the peer nodes?

Crap. I'll reproduce the answer here, then: > Tl;dr: Stellar’s protocol (SCP) uses a decentralized state propagation where each node commits to a value if every node it deems trustworthy agrees while Ripple uses a supermajority vote (80%) among all validating nodes. Stellar achieves better decentralization than Ripple > A pretty old, but still relevant discussion on the bitcoin stack exchange [ https://bitcoin.stacke…

> every node it deems trustworthy

How does it find trustworthy nodes? Is the trust delegated to the node operator? So web-of-trust?

Re: 2018 Stellar roadmap

#87

Post by watoc »

BrazeBeefNoodle wrote: post #73
AceJohnny2 wrote: post #63

Earlier quoted context omitted.

It's all speculation. There are tons of markets out there seeing similar inflation, though the geek crowd only focuses on the cryptocurrencies. Like all speculation, for every winner there are hundreds of losers, and hindsight is 20/20 but it's impossible to reasonably predict the future outcome. Don't worry about it :)

I think, given the extreme bullishness of this area over the past few years, the opposite is more likely true: for every loser there are hundreds of winners.

That's because a lot of current crypto holders are potential future losers. If you settle all crypto in USD today, most people will be left with close to 0.

Re: 2018 Stellar roadmap

#88

Post by brndnmtthws »

oliyoung wrote: post #79
brndnmtthws wrote: post #3

Convenient timing to pump this coin. Seems like Stripe is getting their ducks in a row so they can cash in on their altcoin.

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.

Re: 2018 Stellar roadmap

#89

Post by sjs382 »

wyldfire wrote: post #86
sjs382 wrote: post #66

Earlier quoted context omitted.

Crap. I'll reproduce the answer here, then: > Tl;dr: Stellar’s protocol (SCP) uses a decentralized state propagation where each node commits to a value if every node it deems trustworthy agrees while Ripple uses a supermajority vote (80%) among all validating nodes. Stellar achieves better decentralization than Ripple > A pretty old, but still relevant discussion on the bitcoin stack exchange [ https://bitcoin.stacke…

> every node it deems trustworthy How does it find trustworthy nodes? Is the trust delegated to the node operator? So web-of-trust?

Yes, trust is delegated by the node operator.
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