Bitcoin Forum

I am just wondering why facebook giveaway?

They gave out a lot!! of coins to people with facebook accounts, is Stellar in someway related to facebook. Did the guy who made facebook had some friends make this coin?

If they wanted to get a word out to social sites why not include twitter or any other website for that matter. People who were aware of the STR-BTC and cryptocurrency in general took advantage of this and asked their friends and family and colleagues to sign-up and send them the coins.

I know a guy who had like 50 accounts and made a full bitcoin yesterday, right before they tightened up the facebook verify process. How this helped Stellar I just don't understand.

Thoughts.. ???

The distribution method, using facebook accounts isn't fair at all but the coin is their, the devs can do what they want :)

If you cant get people to sign up on facebook so you can steal their personal info by providing a "service", then you gotta offer money for their signup so you can steal their personal info >_>

So you think the whole thing was to steal people's info from facebook?

Maybe they can glean some $$ value from people's data. Seems like quite a lot of user data.

In reality, it's a very large network, and they are hoping that by reaching out to FB users, that Stellar could go viral. Unlikely, but possible.

funny thing is that they gave me stellar with my fake account on facebook but not with the real one lmao

If you find a better way and it isn't easily cheated, you are welcome to suggest it to them ;)

It was before the update or after it? they should have improved the fb check.

I found this.....

Source :https://www.stellar.org/about/mandate/#Direct_signup_program (https://www.stellar.org/about/mandate/#Direct_signup_program)

"We will set up a website where anyone can come and register. We will also make reasonable best effort to screen out fraudulent accounts or people with multiple Facebook accounts. Once the direct signup program has commenced, the Foundation will begin work on alternative channels for distribution of stellars, including SMS and other online channels, in order to allow more people access without having to have a Facebook account".

it's hard to distribution freely. i can't get stellar through my facebook account.

That's exactly what happened to some people I know, they had genuine old accounts and they weren't able to get any stellar. What's even unfair they gave out like 7000 per account at first and they halved it. And now don't know what algos they're using but it's almost impossible to get a facebook account verified no matter how genuine it is and they have also removed verify email thing too.

And due to this some of the people have ended up having huge amounts of stellar and some don't even have 1000.

This is like ripple 2.0. The same creator only different name.

So, let it be STERIPPLE ;D

How come ? Are not they accepting only verified FB profiles from beginning ?

He hadn't 50 accounts, he just asked 50 and more people to send him the Stellars for 1/2$.

I am wary of facebook, and haven't given my mobile number to them. Turns out this means I won't get the distrbution.

Screw Stellar.

Haha, I asked my cousin to sign-up and when they asked him to verify, he was like "I am not giving my phone number to facebook dude"  :D

So did anybody received the rest of the stellars that were promised during fb registration?

I been waiting for 2 days still did not receive anything. Look likes they have unlimited "tomorrow".

This is a scam.  They want millions of users but any sane person with a brain knows that Bitcoin only has 1-2 million users and the individual alternates have far less.  So what you end up with is Stripe getting 3%, Stellar gets 2% and the thousands or tens of thousands who bother who use Stellar get crumbs.

That means Stellar and Stripe control 99%+ of tradeable volume and can manipulate prices all they want with ease.  This is just Ripple / Marine Coin / Stellar 2.0 (well technically it's a fork so it's just a 1.0).

They admit 100 billion supply on one article I read so that's 5 billion coins they can dump at any time, while you only get 1000 for signing up (lmfao!).  Fair distribution indeed!  By the time you flip $10 into $200 they've made $100+ million.



The thing I found funny is that Stripes put $3 million into a Ripple fork but then again it wasn't their money but money from fund groups.  Unless your a dolt who thinks every 25 year old from Ireland have a spare $3 million in their pocket.

Beats me, there's huge fund groups in the United States with hundreds of billions of dollars (some of them have a stake in that $400 trillion derivative bubble) and they throw money at extreme high risk projects all the time.  Nothing to look at.  Move along.  A lot of those fund companies probably spend more than $3 million just on taxi fares at just one office among several.

I hear ya and maybe this is why they used facebook, they wanted to create a hype and so far they have succeeded coz the price keeps going up and up, even on the thai exchange its selling pretty high and the people who sold these 2 days back are now buying them back at a higher price because they think it will go much higher.

Nothing, been waiting for 2 days but my account is still zero. They promised to distribute STR for members in wait list today, let's see how far that goes

Where's the wait list? Can we see which members are on it?

https://www.stellar.org/stats/
But you can't see your position.
Anyway, Jed said that now it's kinda manual, they are going to make it automatic probably by the end of the day.

just got 7,000 on my other account i verified last night

How did you get 7000, they said they are only giving 1000 stellars now.

Again ::)
They said that you will get the amount of stellar that were set at the time of registration.

Ha!.. another example of unfair distribution, there are people waiting to get their stellar who have verified 2 days back and still haven't gotten their share.

They don't care about your measly 500 - 5000 stellar.  The dev team plus stripe people get 5 billion coins to dump themselves.  All it is is a fork of Ripple with a reskinned wallet. This is the best scam ever.  Instant millionaires if they're not ones already.

Facebook is a great marketing vehicle. They might want access to make posts, like for example, when you send money, for promotion (like venmo). No new practices for a normal business here. The saddens me though. I felt Stellar's direction was more "open source" and less Ripple, and doing this is a total Ripple move.
 :-\

It's the exact sample as Ripple and is founded by its' founder.  They discovered that there weren't enough schmucks to buy their premine for Ripple so they repackaged Ripple under a new name and now they're calling it "free".  It's two legs belonging to the same body.


Problem is they won't get millions of users, only tens of thousands.  They have 5 billion coins to dump / manipulate prices with while the public only has like 300 million.  They can sit the price to anything they want with ease due to all the hype-tards emptying out their wallets.

You guys made Ripple rich all over again.   :)  

So, all this is to increase the demand and the price in the market and once they is serious demand in the market they will start dumping and make 100% profit?  ???

It's what Ripple did in the very beginning.  They gave out huge amounts in the beginning (for almost next to free) and then reigned any promise on distributing their coin to the masses.  Ripple has a huge capitalization but only a mere fraction of it is traded.  

Right now are getting word that Stellar isn't even honoring its' $10 claim anymore, they've been sending people amounts worth less than $10 (even less than $5 as I have read elsewhere).

99.7% of Stellar has yet to be distributed.  They control 94.3% of trading Stellar.  Then the 5.7% that isn't owned by them, most of that is owned by people with tons of fake facebook accounts (verification was only added later) or guys who are speculating buy (on Stellar forum one guy is bragging about 24 million that he has).

Sending out 300-1000 stellar right now to people who were waitlisted days ago is a joke, lol.

Meanwhile Stripe investors have 2 billion coins they can dump at any time, likewise 3 billion for Stellar (this is the 5 billion I am referring to but Stripe owns 2 and Stellar owns 3.  This is like the left hand not knowing what the right hand is doing, either of them can crash Stellar to spite the other).

Wow, nice plan and so far it is working very well, everyone is going bizarre over stellar.

I accidentally added dollar signs to those figures but still given Stellar's growth this has been easy tens of millions for them.

This could be the start of venture capitalists coming into the alternate currency scene pumping in millions into their own scam coin projects.

I didn't know about fair or unfair at this point, but i wanna say thank you so much stellar, i got 0.4 Btc from this free giveaway, i am not really worry with my fb, i have several fb accounts.

Of-course you don't  :D, it was easier at first and a lot of people like you who had lot of accounts really had fun making free money. But due to this now people with real genuine accounts are not getting any, which is a shame.

I haven't even received the rest of the stellar which were promised and it's been more than 2 days.

I can't agree more than that. And only facebook why not twitter or any other shitty social media site  ???

They are using facebook because it is the largest database of identity as mentioned on the front page of the site.

"Registration for the initial direct signup program will be done via Facebook. We are using Facebook as our initial login methodology because it is the largest database of identity, and our goal is to reach as many people as possible with our educational programs before running out of funds. Therefore, we need a system that allows us to screen out duplicate or spam accounts.

We will set up a website where anyone can come and register. We will also make reasonable best effort to screen out fraudulent accounts or people with multiple Facebook accounts. Once the direct signup program has commenced, the Foundation will begin work on alternative channels for distribution of stellars, including SMS and other online channels, in order to allow more people access without having to have a Facebook account."

I did not trust these newbies saying "send BTC here"  ::)

It's obvious that they don't really care that much. They were trying to create an illusion of a (fake) distribution. It's so easy to cheat with FB accounts. The important thing for them is to earn as much as possible on the sell-off.

What they could have done to avoid cheating?
I think they have chosen the easiest and safest way, but maybe not the best.

Yeah, but actually I only use 3 Fb accounts, and the rest of the stellar i got from posted giveaway offer on bitcoin community on Fb.
I said, i will buy their stellar with bitcoin, all of them didn't know that stellar can be exchanged in justcoin with high price.  ;D
 

Sorry to hear that, hope you'll get your stellar soon.  ;D

Is the giveaway still taking place?  If it is please post a link to the directions to quality.  If thier is a chance get some free coins to hold I'll bite...

You have to register here for the free coins : https://launch.stellar.org/#/login
The main thread : https://bitcointalk.org/index.php?topic=719019.0

Go over to https://launch.stellar.org/#/register and choose username and password, after you login you will have to verify your Facebook account by clicking on "Get your first stellar by loggin in your Facebook account", do that and verify your email and then send your stellar to someone you know or me if you like (let me know and I'll send you my stellar username) and you will receive stellar from stellar foundation. And that's it.

The amount of stellar you receive for each step might have changed, so I don't know how much you will get. Also, their algorithms will check your fb account, and all the steps I mentioned above will happen after you successfully complete the first step which is verify your fb account.

Edit: Still haven't received the stellar promised at fb verification. And I doubt I'll be receiving them anymore.