Any news on Stellar?

[worldinacoin]

Stellar looks promising but after the initial launch, no more news on it, anyone know how are they doing?

[1ofthemany]

I'm not sure when they were looking promising. STR facebook giveaway campaign was abused really bad by the far eastern bot farmers. They were able to fork their network by heavily modifying the ripple-consensus code. They're attempting to launch a new consensus algorithm as soon as possible. In the meantime they are running a single validator node. They got caught selling STR via auction to their family members while giving a false impression of significant outside interest towards their protocol.

A clusterfuck since the beginning. To me it seems like they're dying.

[ðºÞæ]

Available supply 4,837,356,606 STR, not a single one has been added for months
  Total supply 100,000,000,000 STR a few bagholders be standing and waiting forever to be picked up on this one.

[NorrisK]

It still has a huge marketcap..

Launch was very badly abused with many free coins going to the same persons.

They are dying as much as most mediocre alts.

[culuuton]

Plan is:

1) turn network live
2) run servers on both old and new network
3) allow people to switch via API
4) build client for new network
5) allow people to switch via the client
6) at some point they will stop running old servers

[Dire]

Always wonder about Stellar. Their lead guy is being sued by Ripple who he used to work for, as it was suggested he ripped stuff from them... or at least was developing Stellar on company time and on their computers.

I always thought either Ripple or Stellar would get somewhere with the banks and so on and maybe reach a decent value that way, but hoping either of their prices move up much is about as likely as man taking to the skies before the Wright brothers invention.

In the case of Stellar it's a pity, as they seemed to have a less corporate outlook than Ripple.

[jwinterm]

In the case of Stellar it's a pity, as they seemed to have a less corporate outlook than Ripple.

They seem to have a less corporate outlook, but as far as I can tell it's just subterfuge. The "non-profit" Stellar Foundation doesn't really mean anything: 

Stellar Development Corporation filed with the Delaware secretary of state as a “non-profit non-stock corporation” on July 2, 2014. This means no shareholders or members have rights to receive the company’s assets or profits. It is a self-declaration, not a judicial or administrative determination.

Even as a self-declaration, it means almost nothing. Delaware does not have additional laws or requirements for non-profit corporations. In New York, for example, there is a Not-for-Profit Corporation Law. In New York, you have to earn not-for-profit status, registering and reporting to the Attorney General’s Charities Bureau, which has conducted many high-profile investigations. (In New York, educational non-profits also have to file for approval from the Department of Education.) None of that exists in Delaware. You just file a certificate of incorporation as a non-stock corporation. But that declaration means nothing—it’s the IRS that will determine whether Stellar is a non-profit, not Stellar itself.

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

[Dire]

In the case of Stellar it's a pity, as they seemed to have a less corporate outlook than Ripple.

They seem to have a less corporate outlook, but as far as I can tell it's just subterfuge. The "non-profit" Stellar Foundation doesn't really mean anything: 

Stellar Development Corporation filed with the Delaware secretary of state as a “non-profit non-stock corporation” on July 2, 2014. This means no shareholders or members have rights to receive the company’s assets or profits. It is a self-declaration, not a judicial or administrative determination.

Even as a self-declaration, it means almost nothing. Delaware does not have additional laws or requirements for non-profit corporations. In New York, for example, there is a Not-for-Profit Corporation Law. In New York, you have to earn not-for-profit status, registering and reporting to the Attorney General’s Charities Bureau, which has conducted many high-profile investigations. (In New York, educational non-profits also have to file for approval from the Department of Education.) None of that exists in Delaware. You just file a certificate of incorporation as a non-stock corporation. But that declaration means nothing—it’s the IRS that will determine whether Stellar is a non-profit, not Stellar itself.

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

Ya, I don't especially doubt it. Stating your a non-profit in a place that has virtually no laws to uphold it certainly makes it virtually void, as you've pointed out.

I just wonder if Ripple or Stellar will ever get anywhere. Sometimes it seems as if they are just waiting for some kind of nod from up above and then they'll kick into action in view of a rising demand/price.

Thanks for that article link!

[Cboy]

Stellar looks promising but after the initial launch, no more news on it, anyone know how are they doing?

Just check their site or subreddit. Btw it's common for altcoins to have lot of discussion in their launch and after some months no one mentions them.

[Shinpako09]

I saw stellar back when the btc price is about $400 or something but after a month or more I didnt hear a news about stellar..Not a long term I guess.

[favdesu]

I wonder how they're going to distribute stellar in the future. the facebook thing did not work at all and was cheated

[san2ok]

Stellar looks promising but after the initial launch, no more news on it, anyone know how are they doing?

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https://www.mystellar.org


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bitcoin also was worth 0usd at 22jun2010

stellar forum www.mystellar.org