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Title: Mining Stellar(XLM)?? Post by: crst on December 28, 2017, 06:45:00 PM Hey, guys, it's there any possibility to mine Stellar(XLM) at this point?? If yes, how?
Title: Re: Mining Stellar(XLM)?? Post by: beezoonours on December 28, 2017, 06:53:12 PM You can't, 100% premine: It's tokens.
Title: Re: Mining Stellar(XLM)?? Post by: pbuva on December 28, 2017, 06:54:45 PM No, it is not. This currency does not work this way, it's the same as RIPPLE.
Both had all their currency created at start. Title: Re: Mining Stellar(XLM)?? Post by: crst on December 28, 2017, 06:57:06 PM No, it is not. This currency does not work this way, it's the same as RIPPLE. uhm but then what's the point of buying it if the owner can just CREATE the amount of coins/??? Why won't he just grant him 100000k coins and be done with it?Both had all their currency created at start. Title: Re: Mining Stellar(XLM)?? Post by: beezoonours on December 28, 2017, 07:04:48 PM Because it would lower the valuation of each token ? You're close with you count anyway ;)
100B XLM created initially BTW most token based CC are this way, smart contract often have loopholes like this (Think CEO/CFO Access). Quote Coin Distribution Since the Stellar network doesn't use mining, all the coins exist when the network starts. The majority of these are held by the non-profit Stellar.org. Stellar.org is distributing the coins in the following way:
You can see the distribution to date here. Title: Re: Mining Stellar(XLM)?? Post by: damNmad on December 28, 2017, 07:30:34 PM No, it is not. This currency does not work this way, it's the same as RIPPLE. uhm but then what's the point of buying it if the owner can just CREATE the amount of coins/??? Why won't he just grant him 100000k coins and be done with it?Both had all their currency created at start. Well, like @beezoonours said it would lower the value, value of the coin/token goes up/down based on the number of transaction on exchanges (mainly based on number of people buying the product). Good price can be achieved by the best decentralised coin/token. If he just grants himself a 100000k coins it would give him nothing but those coins to himself!! Many loop holes in the contract might just ruin its popularity too, see how many Ethereum based tokens alive after that AIRDROP storm happened in past two months. Title: Re: Mining Stellar(XLM)?? Post by: crst on December 28, 2017, 07:50:51 PM No, it is not. This currency does not work this way, it's the same as RIPPLE. uhm but then what's the point of buying it if the owner can just CREATE the amount of coins/??? Why won't he just grant him 100000k coins and be done with it?Both had all their currency created at start. Well, like @beezoonours said it would lower the value, value of the coin/token goes up/down based on the number of transaction on exchanges (mainly based on number of people buying the product). Good price can be achieved by the best decentralised coin/token. If he just grants himself a 100000k coins it would give him nothing but those coins to himself!! Many loop holes in the contract might just ruin its popularity too, see how many Ethereum based tokens alive after that AIRDROP storm happened in past two months. so from a perspective of a investor, if both coins were worth 1$, in which one would you invest? Title: Re: Mining Stellar(XLM)?? Post by: rizkyfebrian213xx on December 29, 2017, 12:34:03 AM not every token can earned with mining bro
mark my sentences Title: Re: Mining Stellar(XLM)?? Post by: Starbury182 on December 29, 2017, 01:29:33 AM I think its at a much better price point at the moment, but XLM needs to differentiate itself somehow cuz ripple has substantially grown in popularity
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