[ANN][XLM] Stellar - Decentralized trading platform

[hobbes]

At first I was very interested in Stellar with Jed's reputation of disruption. But the Facebook involvement in the inital giveaway spoiled it for me. And now again? 

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[EvaStellar]

At first I was very interested in Stellar with Jed's reputation of disruption. But the Facebook involvement in the inital giveaway spoiled it for me. And now again? 

We understand this kind of sucks, but as a U.S. entity we do have to comply with local regulation.

If you're uncomfortable with giving us your Facebook data (again, totally understandable) you can still go through an exchange instead. 

[wiked1]

We’re Giving Away 3 Billion Lumens to Bitcoin Holders

(an announcement from Stellar.org cofounder and CTO Jed McCaleb)

When we were designing Stellar, Bitcoin acted as a profound inspiration. The Bitcoin network was the first to show that it's possible for a group of untrusted parties to agree on a common database, and the Bitcoin community still influences our understanding of this technology's impact.  

With all that in mind, Stellar.org has reserved 19% of the initial lumens—a total of 19 billion lumens—for people who hold bitcoin. On July 5th we’ll make available these lumens to any bitcoin holder who wants them.

How will it work?
We'll give away the 19 billion lumens in several rounds. The first round will consist of 3 billion lumens.

Read about the full details here.


Hope to see you on July 5th!

tldr the rich get richer and 3 billion lumens get dumped in July. also exchanges that do not participate might get in trouble if a lot of people suddenly withdraw their BTC.

19 billion premined crap tokens will be given away not 3 billion

[target]

Received the  news t o my inbox lately about a new dev that joined to STRS dev but i'm surprise what they've come up this  time.  not something users here are used to.
I use to have a lot of STRs but the coin prove to be one of the shit. Can't believe you guys still have the guts but yeah, okay, maybe. XLM really?

[EvaStellar]

19 billion premined crap tokens will be given away not 3 billion

19 billion total, 3 billion for the initial round.

[PilotofBTC]

Seems like you've designed it so that stellar.org gets the bulk of the coins.

The calculation should be a percent of BTC that are used to claim Lumens is what should be used, not the percentage of the total BTC population. I expect less than 10% of BTC will be used to claim Lumen which means stellar.org will get 90% of the 3 billion.

[EvaStellar]

Seems like you've designed it so that stellar.org gets the bulk of the coins.

The calculation should be a percent of BTC that are used to claim Lumens is what should be used, not the percentage of the total BTC population. I expect less than 10% of BTC will be used to claim Lumen which means stellar.org will get 90% of the 3 billion.

We'll have to see how the initial round goes. that's one reason we're doing it in multiple rounds rather than all at once. The method may change on the next one.

[Nxtblg]

bought 20,000 lumens (stellar) from poloniex

Ouch. Prolly shouldnt take trade advice from a forum.

Yeah, it did get whacked.

[sri.bima]

We’re Giving Away 3 Billion Lumens to Bitcoin Holders

(an announcement from Stellar.org cofounder and CTO Jed McCaleb)

When we were designing Stellar, Bitcoin acted as a profound inspiration. The Bitcoin network was the first to show that it's possible for a group of untrusted parties to agree on a common database, and the Bitcoin community still influences our understanding of this technology's impact.  

With all that in mind, Stellar.org has reserved 19% of the initial lumens—a total of 19 billion lumens—for people who hold bitcoin. On July 5th we’ll make available these lumens to any bitcoin holder who wants them.

How will it work?
We'll give away the 19 billion lumens in several rounds. The first round will consist of 3 billion lumens.

Read about the full details here.


Hope to see you on July 5th!

This is very good news, it means stellar always update feature. Renamed Lumens, solid team, an active community.

Good Jobs Lumens-Stellar Team !

[PilotofBTC]

Seems like you've designed it so that stellar.org gets the bulk of the coins.

The calculation should be a percent of BTC that are used to claim Lumens is what should be used, not the percentage of the total BTC population. I expect less than 10% of BTC will be used to claim Lumen which means stellar.org will get 90% of the 3 billion.

Yeah let's complain about free stuff 

You're welcome to consider it a complaint. What are forums for if not to discuss issues.

[baggy23]

Are there any improvements since the Ripple / Stellar fight? What is the roadmap @stellar? Why is Stellar better than Ripple? Any new tech or just a new project after he dropped Ripple to make some more money?
I am not shure why I should trust this project after the big Ripple armajeddon dumping event? This jed guy is making thousends of $ with dumping his XRP every day, he is hurting the average joe's pocket. I mean yeah it's hes right to do this, because he was the founder of Ripple. But a lot of people lost much cash, and now this rich guy is coming with the initiative to make the rich bitcoin holders even richer? I don't get it. And what about the promised XRP compensation? (Which I either way can not participate because I had my XRP on justcoin and dumped about 200,000 there (which is alot of money for normal people))

[jed]

Tons of improvements.
Safer with a solid consensus mechanism: https://www.stellar.org/developers/learn/concepts/scp.html
Much more scalable.
Much easier to develop against as it uses a normal SQL DB to store state and the API is very good now.
Now has multisig and smart contract features: https://www.stellar.org/blog/multisig-and-simple-contracts-stellar/  http://jedmccaleb.com/blog/bitcoin-lightning-stellar/

I'd make your decision based on looking at the code and the paper and how the system works rather than from rumors and innuendo spread about me.  

[EvaStellar]

Is there a (simple) way of closing a stellar account and be able to send to another account the 20 XLM deposit?

You can use the Account Merge operation to do this.

If you aren't a coder, or if you'd prefer a quick process of executing the operation, you can use the Stellar Laboratory.

1) Build the transaction. You'll need to enter your pubic key for the Source Account and fetch the transaction sequence number. Enter the new wallet's public key in the Destination field.

2) Sign the transaction: copy the XDR code at the bottom of the page and import it in the transaction signer. Sign it with your secret key of the original account.

3) Submit the transaction: paste your transaction enveloped (signed) into Post Transaction. Click submit and confirm that the transaction goes through.

Hope this helps, and feel free to follow up or DM me if you have any questions.

Sorry for the DIY process;  In order to stay focused on our core mission and encourage community ownership of the ecosystem, we aren't significantly developing the account viewer. Instead, we’ll continue to improve open-source developer tools so that participants in the ecosystem can build a variety of new services

[EvaStellar]

Big news for Stellar! Deloitte is using the Stellar network to power cross-border transactions

Here's a live demo of Deloitte's Stellar-powered software here.

 

[EvaStellar]

Thought some people here might want to see our new roadmap for Stellar.org. It has all our strategy, goals, and programs for the next year, and our three phases of development.

Focus on Nigeria: Roadmap to a Stellar Future

[wiked1]

Yes XLM/STR/STELLAR will do well in nigeria.Many nigerian princes waiting to buy this

[EvaStellar]

On the Stellar laboratory / transaction builder, what is the purpose of the inflation operation?

https://www.stellar.org/laboratory/#?network=public

The Stellar distributed network has a built-in, fixed, nominal inflation mechanism. New lumens are added to the network at the rate of 1% each year. Each week, the protocol distributes these lumens to any account that gets over .05% of the "votes" from other accounts in the network.

The inflation operation lets you "vote."

More info:
https://www.stellar.org/developers/learn/concepts/inflation.html

[EvaStellar]

On the Stellar laboratory / transaction builder, what is the purpose of the inflation operation?

https://www.stellar.org/laboratory/#?network=public

The Stellar distributed network has a built-in, fixed, nominal inflation mechanism. New lumens are added to the network at the rate of 1% each year. Each week, the protocol distributes these lumens to any account that gets over .05% of the "votes" from other accounts in the network.

The inflation operation lets you "vote."

More info:
https://www.stellar.org/developers/learn/concepts/inflation.html

Are the 0.05% votes based on all the lumens in existence (around 100 billions) ?

They're based on all lumens in existence, including the lumens already generated from previous inflation rounds (compound, not simple)

[Blake Birk]

Stellar Partnership with Deloitte

http://bankinnovation.net/2016/05/deloitte-taps-blockchain-startups-to-build-new-core-banking-system/

Deloitte: For those who don't know

https://en.wikipedia.org/wiki/Deloitte

Deloitte Touche Tohmatsu Limited /dəˈlɔɪt ˈtuːʃ toʊˈmɑːtsuː/, commonly referred to as Deloitte, is a multinational professional services firm headquartered in New York City in the United States.[5]

Deloitte is one of the "Big Four" and the second largest professional services network in the world by revenue and the largest by the number of professionals. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 225,400 professionals globally.[6] In FY 2015, earned a record $35.2 billion USD in revenues.[4]

As per reports in 2012, Deloitte had the largest number of clients amongst FTSE 250 companies in the UK[7] and in 2015, Deloitte currently has the highest market share in auditing among the top 500 companies in India.[8][9]

Deloitte has been ranked number one by market share in consulting by Gartner,[10] and for the fourth consecutive year, Kennedy Consulting Research and Advisory ranks Deloitte number one in both global consulting and management consulting based on aggregate revenue.[11] In 2016, Fortune magazine ranked Deloitte as one of the 100 Best Companies to Work For[12] and Bloomberg Business has consistently named Deloitte as the best place to launch a career.[13]


The partnership with Stellar, a non-profit organization dedicated to facilitating cross-border payments, is part of a pilot initiated in Nigeria that aims to reduce the cost and the time of cross-border payments, Jed McCaleb, co-founder of Stellar, told Bank Innovation.

Deloitte is building an entirely new system, and Stellar is a payment rail. A big part of the cross border stuff is that there is a lot of friction between parties. But there shouldn’t be. Just like you are able to send an email from a Google domain to a Yahoo domain, we are aiming to do the same with payments. There’s a lot of stuff today out there utilizing this technology [blockchain] at various degrees of solidness. Some of it doesn’t work, some of it is solid. With this partnership, you can start using Stellar tomorrow.

Together with Stellar, Deloitte developed a mobile app, which can make cross-border payments “as easy as Venmo,” Piscini said. The solution reduces the cost of transfers by up to 40%, and completes the transaction in about five seconds, the company said. Here’s a quick look at the Stellar/Deloitte app.

https://www.youtube.com/watch?v=Qy-X8ECvIik&feature=youtu.be

[jed]

Article about an event we did in Nigeria: https://techpoint.ng/2016/06/17/stellar-state-nigeria-next-generation-banking/