Stellar

[Watoshi-Dimobuto]

AFAIK they said they would cover operating expenses by selling coins but how's that any different from a non-profit charity where the owner can write themselves any salary (even in the millions) they want?  It's not.  Just using the term "non-profit" is enough to set red flags about their intentions.  Non-profit in the United States in the majority of cases is a way to get around taxation obligations and has nothing to do with actual charity.

So what's the matter?
I'm sure that they like money, so they will try to get the highest price to sell less Stellars as they can.

It's like saying that this will be a "5 years open source scam", and they will be doing only "marketing" and nothing else for all this time.

It seems quite difficult to me, but anyway, the cryptocurrency world is always new


Just to remember that Jed could simply maintain his XRP stack (that was higher than his Stellar stack), and waiting for the spread of Ripple in the world just by standing on his sofà.
Is he prefering to risk all his XRPs for opening a new risky scam?  

So sure it can be a big failure, but not a scam.

I think he already dump all his xrp by the time he launched stellar.

https://bitcointalk.org/index.php?topic=620550.0
http://crypt.la/2014/06/08/ripple-co-founder-jed-mccaleb-begun-ripple-firesale/

[1713951605]

1713951605

[1713951605]

1713951605

[wangxin]

who can send me some stellar,thanks.  https://launch.stellar.org; ID:wangxin

[TaunSew]

AFAIK they said they would cover operating expenses by selling coins but how's that any different from a non-profit charity where the owner can write themselves any salary (even in the millions) they want?  It's not.  Just using the term "non-profit" is enough to set red flags about their intentions.  Non-profit in the United States in the majority of cases is a way to get around taxation obligations and has nothing to do with actual charity.

So what's the matter?
I'm sure that they like money, so they will try to get the highest price to sell less Stellars as they can.

It's like saying that this will be a "5 years open source scam", and they will be doing only "marketing" and nothing else for all this time.

It seems quite difficult to me, but anyway, the cryptocurrency world is always new


Just to remember that Jed could simply maintain his XRP stack (that was higher than his Stellar stack), and waiting for the spread of Ripple in the world just by standing on his sofà.
Is he prefering to risk all his XRPs for opening a new risky scam?  

So sure it can be a big failure, but not a scam.

I think he already dump all his xrp by the time he launched stellar.

https://bitcointalk.org/index.php?topic=620550.0
http://crypt.la/2014/06/08/ripple-co-founder-jed-mccaleb-begun-ripple-firesale/

I don't think there's enough volume to dump the amount of coins he had in Ripple.  Regardless, he made millions off Ripple and he'll be making millions off stellar.  He's definitely a snake oil salesmen of crypto currencies.  "Come and look and try my stellar!  Oh and did I mention it was 'free'?!"

[bbit]

This is much easier then Ripple. Ripple is clunky.
You can find me on stellar  under  ID: stellardonations          

Comparison: Ripple Vs. Stellar

[Watoshi-Dimobuto]

AFAIK they said they would cover operating expenses by selling coins but how's that any different from a non-profit charity where the owner can write themselves any salary (even in the millions) they want?  It's not.  Just using the term "non-profit" is enough to set red flags about their intentions.  Non-profit in the United States in the majority of cases is a way to get around taxation obligations and has nothing to do with actual charity.

So what's the matter?
I'm sure that they like money, so they will try to get the highest price to sell less Stellars as they can.

It's like saying that this will be a "5 years open source scam", and they will be doing only "marketing" and nothing else for all this time.

It seems quite difficult to me, but anyway, the cryptocurrency world is always new


Just to remember that Jed could simply maintain his XRP stack (that was higher than his Stellar stack), and waiting for the spread of Ripple in the world just by standing on his sofà.
Is he prefering to risk all his XRPs for opening a new risky scam?  

So sure it can be a big failure, but not a scam.

I think he already dump all his xrp by the time he launched stellar.

https://bitcointalk.org/index.php?topic=620550.0
http://crypt.la/2014/06/08/ripple-co-founder-jed-mccaleb-begun-ripple-firesale/

I don't think there's enough volume to dump the amount of coins he had in Ripple.  Regardless, he made millions off Ripple and he'll be making millions off stellar.  He's definitely a snake oil salesmen of crypto currencies.  "Come and look and try my stellar!  Oh and did I mention it was 'free'?!"

He could have sold most of it privately. He started selling in May that is enough time to sell all his ripples.

[HostFat]

can someone please make stellar dice? 

http://www.stellardice.pw/

[Benjig]

Well people is getting molested because the queue of "tomorrow you will receive the stellars" never comes to reality, and also in just 3 days the giveaway come from 5k to 2 k and some guys are getting now only 1 k or 500..
very poor management.. thats why the price cant go below 150 k

[HostFat]

Well people is getting molested because the queue of "tomorrow you will receive the stellars" never comes to reality, and also in just 3 days the giveaway come from 5k to 2 k and some guys are getting now only 1 k or 500..
very poor management.. thats why the price cant go below 150 k

It's seems that they are processing by now. (few seconds ago)
And also it isn't true that people that entered before are getting less.
If you entered while the Stellar were 7000, than you are getting all of them.

Confirmation:
https://bitcointalk.org/index.php?topic=723652.msg8191533#msg8191533

[mrvegad]

Updates from Stellar HQ

August 4, 2014
As planned, the stellar distribution amounts will now adjust to market prices starting today. The distribution amount for each person is approximately $10 so that we can reach as many folks as possible. NOTE: Everyone who is wait listed will receive the stellar amount in effect at the time they signed up, not the time they are taken off wait list.

 

Also, to reiterate a change from yesterday, the stellar amount distributed on sign up is now staggered so that everyone who signs up receives some of their stellars now and the remainder later. This change was implemented so that we can keep the distribution running in a stable and scalable manner. Thanks everyone!

 

 

August 3, 2014 #2

Good news - we are starting to let in people again. Folks who were waitlisted today: thank you for your patience! Our systems aren't totally automated yet so, the wait list stellars will likely all be distributed by EOD tomorrow. Keep an eye out for an email letting you know your stellars have arrived.

Also, we plan on rolling out a system where the stellar rewards will be adjusted per market rates some time this week (hopefully tomorrow as well) so that everyone gets about $10-$20. But if you are already on the wait list before that feature is release, you will still receive the full stellar 5000 reward that was in effect at launch.

https://stellartalk.org/topic/83-stellar-updates/

[str4wm4n]

can one issue their own IOU's and create their own gateways with stellar? how come there are no order books like there was in ripple?

[Professor James Moriarty]

 Well I have receieved my 5k after about 3 days , which could be understandable because they must be going through awful a lot of these Will use whole of my families facebook accounts to get some

[edmundduke]

Well i got an email about an hour ago: You received your Stellar!
Opened my account, guess what, it was empty.

[FFrost]

Why is my account waiting?

[Watoshi-Dimobuto]

Well i got an email about an hour ago: You received your Stellar!
Opened my account, guess what, it was empty.

Try opening again it should be there.

[Amph]

it need a better exchange for sure

one is always overloaded the other have a 100ks fee, a steal

[edmundduke]

Well i got an email about an hour ago: You received your Stellar!
Opened my account, guess what, it was empty.

Try opening again it should be there.

Nope, still only 50.
Checked my gf's account also, same, got an email but nothing on the account.

[virtfund]

It took me around 2 1/2 days to get the stellar sent to my account. (And they sent extra, maybe because I had to wait longer than normal?  )

[erikspoon]

same here got the email but no stellar

[TaunSew]

99.7% premine.  No more stellar being sent out.   Stellar / Stripe controls 94.3% of all tradeable stellar.  Remaining 5.7% of tradeable stellar is owned by early birds of which many were hackers who had thousands of facebook accounts (verification was only added later) and then speculating buyers.  There's guys on their forum bragging about already having 20+ million of Stellar.


Look past the "free" and this coin is just a scam.   The "free" thing works just like Aurora coin's air drop, it's just bloated capitalization to lure in suckers.

Stellar is founded by a Ripple founder.  Do you really think he left Ripple?  Looks like Ripple just rebranded itself and created fake drama (like in WWE wrestling) as a way to relaunch and take advantage of the "fair distribution" fad that started earlier this year.  

The problem is the legitimate fair distribution coins are more fair than Stellar but Ripple-Stellar is riding on the image of it being "fair" (when it is not).  Stellar owns 94.3% of all tradeable Stellar at the moment and is still sitting on that 99.7% premine and will be for a veeeeerrryyyy loooonnnnggg tiiiimmmeee.  

[virtfund]

99.7% premine.  No more stellar being sent out.   Stellar / Stripe controls 94.3% of all tradeable stellar.  Remaining 5.7% of tradeable stellar is owned by early birds of which many were hackers who had thousands of facebook accounts (verification was only added later) and then speculating buyers.  There's guys on their forum bragging about already having 20+ million of Stellar.


Look past the "free" and this coin is just a scam.   The "free" thing works just like Aurora coin's air drop, it's just bloated capitalization to lure in suckers.

Stellar is founded by a Ripple founder.  Do you really think he left Ripple?  Looks like Ripple just rebranded itself and created fake drama (like in WWE wrestling) as a way to relaunch and take advantage of the "fair distribution" fad that started earlier this year. 

The problem is the legitimate fair distribution coins are more fair than Stellar but Ripple-Stellar is riding on the image of it being "fair" (when it is not).  Stellar owns 94.3% of all tradeable Stellar at the moment and is still sitting on that 99.7% premine and will be for a veeeeerrryyyy loooonnnnggg tiiiimmmeee. 

As the Stellar Foundation has said, the reason Stellar is not immediately appearing in wallets after facebook verification is an attempt to dissuade people from creating and logging multiple accounts for the extra Stellar. It is eventually delivered. I got mine 2 1/2 days later. Be patient.