Stellar

[bitrev]

Because Ripple was pre-mined it is a scam? Wow some people are ignorant.

Yes I got some Ripple left and right, but the consensus is good.

Have an official foundation control the coin.

Member scams are so 2011. How many foundation scam did we have? How many foundation 'dumps' did we have?

Most people here are totally lost in what crypto is and it's purpose... Payments from A to B with low cost and fast. BAM there you got it.

While Stellar for me (also invested) is just another alt, Ripple is more (opened a new office the other day).

From all the coins, even Google Ventures and many reputable investors stepped in.

Critism > Good
Bogus talk > not good

[1714685822]

1714685822

[BitmoreCoin]

Because Ripple was pre-mined it is a scam? Wow some people are ignorant.

Yes I got some Ripple left and right, but the consensus is good.

Have an official foundation control the coin.

Bitcoin has an official foundation, but it has run out of money. Will Ripple foundation not have this problem? Can it draw funds from the premine?

[klintay]

Critism > Good
Bogus talk > not good

I must admit it has been a while since I went to school.

But these equations are saying:

Critism is more than Good

Bogus talk is more than not good

Is that correct understood? 

he means to use = sign... i think they are arrows not greater than 

Who has the big sell wall on Poloniex?

SELL Price                         STR                           BTC
0.00001219                  16200000.00000000   197.47800000

https://poloniex.com/exchange#btc_str

[itod]

Who has the big sell wall on Poloniex?

SELL Price                         STR                           BTC
0.00001219                  16200000.00000000   197.47800000

https://poloniex.com/exchange#btc_str

Someone who doesn't care if that wall drives the price down, he just want to get rid of his 200BTC worth of Stellars.

[klintay]

Who has the big sell wall on Poloniex?

SELL Price                         STR                           BTC
0.00001219                  16200000.00000000   197.47800000

https://poloniex.com/exchange#btc_str

Someone who doesn't care if that wall drives the price down, he just want to get rid of his 200BTC worth of Stellars.

It just got bought  

Date                                     Price                       Total STR                   Total BTC
2015-04-12 02:52:05   Buy      0.00001219            13839285.29092780   168.70088769


gone now...10...9...8...7...6...5...4...3...2...1....LIFT OFF!!!

[CLains]

From the beginning, we were trying to design [Stellar] to be able to reach hundreds of millions of accounts, thousands of transactions. So we’ve stress tested to 100 million accounts and a few hundred transactions per second, and its holding up under those loads.

http://www.coindesk.com/stellar-founder-jed-mccaleb-new-protocol/

What is the latency (block confirmation time)?

[klintay]

From the beginning, we were trying to design [Stellar] to be able to reach hundreds of millions of accounts, thousands of transactions. So we’ve stress tested to 100 million accounts and a few hundred transactions per second, and its holding up under those loads.

http://www.coindesk.com/stellar-founder-jed-mccaleb-new-protocol/

What is the latency (block confirmation time)?

not too sure about this new protocol but it should be seconds. When I transferred with their old system it took about 10-30 seconds...

[1ofthemany]

Stellar Development Foundation crew seem to be bunch of screw ups, who blame others for their own mistakes. Just look at their previous ripple consensus algorithm. SDF modifies it, the modification causes a network fork, then they blame RL for creating an unsafe consensus algo.

I have hard time trusting anything SDF says. Track record speaks louder than a thousand words.

This Stellartalk-discussion shows why SDF isn't really the most trustworthy crew around. Read the whole thread.

[Eamorr]

Agree wholeheartedly. They are good at UI gloss, but under the hood lies a Frankenstein codebase. They are also lagging hugely when it comes to leading, innovating, networking and doing deals with the big fish. But yes, the track record of these guys doesn't give me any confidence.

[coins101]

It's the same security model that Ripple was initially advertised to have, but which didn't actually work in practice. The mechanism and conditions appear to be slightly different, and the requirements actually (somewhat) defined, but the fundamental concern remains.

I pointed out back in 2013 that the result of the OpenCoin Ripple model would either result in centralization or a total failure of consensus; and pushed them to formalize their requirements and to specify a procedure that might actually cause them to be met.  They didn't. When Ripple was deployed the outcome was centralization, and when they repeated the experiment with Stellar the system spontaneously failed.

Just as with ripple back in 2013 the new Stellar proposal is unable to answer the basic questions about how we can know or guarantee anything about the security of the system.  Mazieres and Vitalik describe it as leaving it up to the market and think it will work out. I think it would better be described as leaving security up to chance. And the chances don't look good: leaving it up to the users to ensure a safe and decentralized topology has already failed in practice with a highly similar system _twice_.

I pay attention to these things because I hope to see useful things invented and deployed (for their own sake, and so I can use them in my own project); I also pay attention because I'm concerned about blow-back. _Currently_ people are free to do what they want, here there is tremendous information asymmetry and a host of incentives which are at odds with the public interest (including the fact that the few people like me who can clearly see the problems, have every incentive to say nothing at all; much less enough to be anything but a reed in the wind against a massively funded PR effort); and these efforts raise problems across several domains of law.  The result may well be some crazy efforts to regulate the space as a result, which would harm everyone.

I've been watching and waiting. nullc seems to = gmaxwell:

https://news.ycombinator.com/item?id=9342348

Time to move on.

[tokeweed]

It's the same security model that Ripple was initially advertised to have, but which didn't actually work in practice. The mechanism and conditions appear to be slightly different, and the requirements actually (somewhat) defined, but the fundamental concern remains.

I pointed out back in 2013 that the result of the OpenCoin Ripple model would either result in centralization or a total failure of consensus; and pushed them to formalize their requirements and to specify a procedure that might actually cause them to be met.  They didn't. When Ripple was deployed the outcome was centralization, and when they repeated the experiment with Stellar the system spontaneously failed.

Just as with ripple back in 2013 the new Stellar proposal is unable to answer the basic questions about how we can know or guarantee anything about the security of the system.  Mazieres and Vitalik describe it as leaving it up to the market and think it will work out. I think it would better be described as leaving security up to chance. And the chances don't look good: leaving it up to the users to ensure a safe and decentralized topology has already failed in practice with a highly similar system _twice_.

I pay attention to these things because I hope to see useful things invented and deployed (for their own sake, and so I can use them in my own project); I also pay attention because I'm concerned about blow-back. _Currently_ people are free to do what they want, here there is tremendous information asymmetry and a host of incentives which are at odds with the public interest (including the fact that the few people like me who can clearly see the problems, have every incentive to say nothing at all; much less enough to be anything but a reed in the wind against a massively funded PR effort); and these efforts raise problems across several domains of law.  The result may well be some crazy efforts to regulate the space as a result, which would harm everyone.

I've been watching and waiting. nullc seems to = gmaxwell:

https://news.ycombinator.com/item?id=9342348

Time to move on.

TLDR version?  Too technical for me wee brain.

[coins101]

It's the same security model that Ripple was initially advertised to have, but which didn't actually work in practice. The mechanism and conditions appear to be slightly different, and the requirements actually (somewhat) defined, but the fundamental concern remains.

I pointed out back in 2013 that the result of the OpenCoin Ripple model would either result in centralization or a total failure of consensus; and pushed them to formalize their requirements and to specify a procedure that might actually cause them to be met.  They didn't. When Ripple was deployed the outcome was centralization, and when they repeated the experiment with Stellar the system spontaneously failed.

Just as with ripple back in 2013 the new Stellar proposal is unable to answer the basic questions about how we can know or guarantee anything about the security of the system.  Mazieres and Vitalik describe it as leaving it up to the market and think it will work out. I think it would better be described as leaving security up to chance. And the chances don't look good: leaving it up to the users to ensure a safe and decentralized topology has already failed in practice with a highly similar system _twice_.

I pay attention to these things because I hope to see useful things invented and deployed (for their own sake, and so I can use them in my own project); I also pay attention because I'm concerned about blow-back. _Currently_ people are free to do what they want, here there is tremendous information asymmetry and a host of incentives which are at odds with the public interest (including the fact that the few people like me who can clearly see the problems, have every incentive to say nothing at all; much less enough to be anything but a reed in the wind against a massively funded PR effort); and these efforts raise problems across several domains of law.  The result may well be some crazy efforts to regulate the space as a result, which would harm everyone.

I've been watching and waiting. nullc seems to = gmaxwell:

https://news.ycombinator.com/item?id=9342348

Time to move on.

TLDR version?  Too technical for me wee brain.

"It isn't clear to me why the authors believe that the system is fit for cryptocurrency use when it cannot guarantee eventual agreement about _all_ of the state."

[JoelKatz]

"It isn't clear to me why the authors believe that the system is fit for cryptocurrency use when it cannot guarantee eventual agreement about _all_ of the state."

You are trapped in a room, you have two choices:

1) You can keep flipping a coin until it comes up heads.  When it comes up heads, you can leave.

2) You can flip 100 coins at once until they all come up heads. You can leave when all 100 coins come up heads at once or in two weeks.

Which would you prefer? Option 2 can guarantee you will eventually leave. Option 1 cannot. So option 2 must be better, right?

Blockchains can't guarantee that anyone will ever find a block. Is that a problem? No.

What you can guarantee is interesting from a theoretical standpoint. But what really matters for practical purposes is what actually happens.

Note: I edited this post to add the word "No" after "Is that a problem?" for clarity. My point, of course, is that it's not a problem at all.

[Hyperjacked]

You guys got some buzz today on cryptsy chat...I'm goin to look into your project!

[klintay]

You guys got some buzz today on cryptsy chat...I'm goin to look into your project!

care to elaborate?

[tokeweed]

You guys got some buzz today on cryptsy chat...I'm goin to look into your project!

care to elaborate?

They're probably going to have an STR/BTC market.

[kinnu]

what is the current value of stellars in bitcoins or dollors I have some stellars. Will the value of stellar increase in future?

[monsterdoge]

what is the current value of stellars in bitcoins or dollors I have some stellars. Will the value of stellar increase in future?

how much stellar you have man?

[pedrog]

what is the current value of stellars in bitcoins or dollors I have some stellars. Will the value of stellar increase in future?

You can check here: http://www.stellarvalue.org/

Currently, 5000 STR = 13.69908 USD = 0.05925 BTC.

[bitbaby]

Are Stellar invites still worth anything?

I have one sitting in my account.