Stellar

[digit]

Yup, just think about this:
A lot of people, that mostly doesn't understand cryptocurrencies, are going to get some XXX coins (Stellars)
They have probably heard that "someone" has become rich with this kind of shit (Bitcoin)
They will find they their Stellars value is no more than $10 o likely.

How many of them will want to sell their Stellars just to get only $10!?
My guess is that they will start to hoard them ...

correct, or even they will buy more, if 100,000 facebook users buy 20 usd worth.. thats like 2000 btcs.

or they can buy btc, wait 6 months, and claim 2000 BTC worth of Stellar for FREE and keep all their BTC.  
20% of the total Stellar has been put aside to be given away to btc holders that claim it, based on a snapshot of the blockchain at an unspecified point in time and their proof of address ownership  
If you want some better start using a wallet and not keep all your coins on an exchange (Stellar has no way to determine if the address owners are individuals or exchanges)

Bitcoin program
20% of the initial stellars are set aside to be distributed to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders).

We will take a snapshot of the bitcoin blockchain at a particular date and will set up a claim page that will allow bitcoin holders to receive their pro-rata share of the stellars reserved under this program by verifying they control their address from that blockchain snapshot. For example, a user owning .001% of the bitcoins in the blockchain snapshot would receive .001% of the stellars set aside for bitcoin holders under this program, or 190,000 stellars.

For bitcoin holders, distribution will begin within 6 months after Stellar is open to the public. The Foundation will maintain this claim site for at least 3 months.

they should explain this better....I don't get it (ok, i must say I just woke up lol)

my example in btc is incorrect, the amount of btc you hold in your wallet addresses will represent a percentage of the entire amount of bitcoins in existence, take as a percentage they will give you the percentage of the 20 Billion Stellar they have put aside for Bitcoin holders who claim.  Of course not everyone will claim and many will miss out because they dont even use a bitcoin wallet and instead keep their bitcoins on webwallets or exchanges which means they miss out.  
So there will still be likely billions of stellar that will remain unclaimed after the 3 months period they allow for it, its unlikely they will destroy them so what remains of the 20% will go back to Stellar group who as someone else mentioned currently control  ~94% of the 100 Billion Stellar that exist right now.  They likely already playing the markets to pump the price and have allowed people with multiple accounts to accumulate large amounts on the first day with fake accounts (200,000+ facebook accounts, does any exchange even have half or a quarter that number of users?) and are now able to sell 10k-50k chunks of stellar at ridiculous prices (first day every account could claim 6000 free stellars).

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[arieq]

Who do I talk to if I still have not recieved the 3500 Stellar since 4 days a go?

No need to talk to anyone, just wait and be patient, I registered 3 days ago and got my 3500 about 2 hours ago. You will see claim button after loggin in when they have sent yours.

[Ejaculation]

do we receive any stellars after the initial 1000 and when?

They said 3500 "later" but it's been 3 days for me and still nothing. Don't expect 3500 for awhile.

[zhinkk]

Is there a nice compiled list or something comparing this and XRP? What is the difference?

[DannyElfman]

Is there a nice compiled list or something comparing this and XRP? What is the difference?

There is no "guide" or list or something. But they posted many things on their Github. Google should yield good results

[DannyElfman]

I just dont get the hate on STR, imo its better than a coin IPO'd on vaporwares (cof Ethereum cof)

Aheem ?? Did you see a software of STR? Because I sure didn't. All I know is, that STR could be a centralised ledger system.

Or do you run a client?

[redsn0w]

Check this :

https://stellartalk.org/topic/941-stellar-explorer/

[HostFat]

Explorer and live transactions:
https://graph.coinexgateway.com/
http://spolu.github.io/stellar-ledger/

https://stellartalk.org/topic/1010-a-look-at-stellars-first-week/

I wanted to post a snapshot of Stellar's first week for everyone, so here it is!

Traffic

We launched at 9 am Pacific time on Thursday, July 31. At 9 am today, just one week later, our Facebook auth count stands at over 240,000 people. In our mandate, which we determined pre-launch, our goal was to fund a minimum of 10,000 people in the first month, and 180,000 people total by the end of the fourth month. We ended up reaching the former goal in the first day, and now the latter goal in the first week. This level of response seriously exceeded our predictions, and we want to thank everyone (and especially those who invited their friends and family to sign up!) for that.

We'd expected that we'd have a launch day traffic spike and then a lull, but instead our launch day traffic (56,000 uniques) has been increasingly surpassed (147,000 uniques yesterday). 50% of our traffic comes from repeat visitors, and it's been exciting to see this forum, Stellartalk, be created by community members and grow to almost 2000 users. Two channels have particularly pushed in new users at a very high rate: Mechanical Turk (after people saw this blog post) and viral growth in Southeast Asia amongst early adopters.
 
Adapting to the growth
 
The unexpected Mechanical Turk-ing caused consumers to learn about Stellar earlier than we had planned and led to virality sooner than we were prepared for. Unfortunately, all this additional traffic caused our Facebook giveaway to have some scaling issues, which we believe we've addressed (though please be patient if load spikes cause issues in the future — we are as excited for you to have your stellar as you are!).

The signup rate continued to increase, but we wanted to make sure we could handle the growth. So at approximately 10am PST on Sunday, we activated the waitlist we'd built pre-launch. New signups were placed on a queue rather than receiving initial stellars. Yet this still did not slow down the signups and within a few hours, the waitlist had over 17,000 people.

Since launch, we made a few adjustments with the goal of 1) stabilizing the rate of new stellars entering the market and 2) providing people immediate access to some stellars for education. These adjustments included:

• Staggering the stellar reward amount into two parts, an immediate portion and one to be rewarded later. (Saturday)[/*]
  
• Turning off the waitlist but keeping the staggered payout (Sunday night)[/*]
  
• Adjusting the stellar reward amount to *approximately $10 (Monday morning)[/*]
  

• Total potential reward went from 7000 stellars (approx. $18 USD at time of posting) to 4500 stellars (approximately $11.70 at time of posting).[/*]
  
• Upgraded our database server and removed a bad web server that was responsible for intermittent errors (Tuesday morning)[/*]
  
• Preparing the distribution for the staggered payout of stellars (by end of the week)[/*]
  

Those changes have stabilized our technical issues and allowed us to continue to operate the giveway. But providing uninterrupted access to stellars to people in conjunction with some kind of educational outreach and something for them to do with stellars has proven to be a difficult challenge.
 
Towards the future
 
In our mandate, we stated:
 

“Once these monthly limits have been reached, people may be placed on a waitlist and be admitted into the program as more space is available. Every day we will take people off the wait list and add them to the system. We believe that Stellar is most useful when groups of interconnected people are using the system. With this in mind, we may let people in out of order based on certain criteria such as geographic region, availability of tools in localized languages or number of friends in the system.”

We will now activate the waitlist again. People will be let off waitlist per the factors listed above: availability of in-language educational material, tools and local gateways, and an invite system we'll be releasing soon. To ensure reasonable distribution, they'll be given a number of stellar (still targeting $10) depending on when they're taken off the wait list, not when they're added to it.

Our goal from the start has been to provide digital currency education. Our early growth in Southeast Asia reminds us we need to focus on adding more global scope to the open source developer community and our educational outreach. To that end, we will prioritize translating some of our content into local languages. Having grown up in a bilingual home, I know how important language accessibility is and want to make sure it stays a priority.

Over the next few weeks, we will be experimenting with different ways to keep the giveaway stable and to make sure we are achieving our goals of providing educational content alongside the giveaway. No digital currency has ever had this kind of open distribution, and we are learning every day. Thank you for being part of this with us.
 
Be stellar ~~

[DannyElfman]

It is truely impressive when looking at the numbers of stellars. Lets hope this developement also helps bitcoin. Kind of like many people learned about doge first but then realized BTC is the true deal!

[HostFat]

It is truely impressive when looking at the numbers of stellars. Lets hope this developement also helps bitcoin. Kind of like many people learned about doge first but then realized BTC is the true deal!

Yep, and as I said this method should be used also to spread the next pre-mined alt-coins

[instacalm]

Aheem ?? Did you see a software of STR? Because I sure didn't. All I know is, that STR could be a centralised ledger system.

Or do you run a client?

https://github.com/stellar/stellar-client

[rz20]

Are we going to get other verification method instead of facebook?

[fred930]

How do the settings work in the online stellar wallet?

There is a toggle button next to something like "password recovery". If we toggle this to off, does it mean the recovery code can no longer recover a pasword or account?

[mr_random]

Interesting. Reading now...

[wizzardTim]

What if some dark hacker makes a bot to create fb accounts,emails and simulates autoclicks?

Then all this becomes injustice, he could get hundred of thousands stellars

[conteaza]

What if some dark hacker makes a bot to create fb accounts,emails and simulates autoclicks?

Then all this becomes injustice, he could get hundred of thousands stellars

Facebook account must be at least 2 or 3 months old..

[iluvbitcoins]

What if some dark hacker makes a bot to create fb accounts,emails and simulates autoclicks?

Then all this becomes injustice, he could get hundred of thousands stellars

the person you're describing is a programmer not a hacker

[rugrats]

What if some dark hacker makes a bot to create fb accounts,emails and simulates autoclicks?

Then all this becomes injustice, he could get hundred of thousands stellars

the person you're describing is a programmer not a hacker

The person you're describing is an internet marketer.  
However, the big fishes may not see Stellar as lucrative enough to bother.
The smaller fishes might, but I think they would rather just sell it off rather than spend time filling forms, verifying their FBs and emails, swapping IPs, flushing cookies and histories and keeping track daily of the staggered reward.

[conteaza]

What if some dark hacker makes a bot to create fb accounts,emails and simulates autoclicks?

Then all this becomes injustice, he could get hundred of thousands stellars

Facebook account must be at least 2 or 3 months old..

which good blackhat hackers have access to thousands of

I know but the method with "autoclicker" will not work 

[maddi]

i registered 3 days ago but no sign of waiting the 3500 coins..
the
http://gyazo.com/7a4574841c4174b8f128abd42687f8da

only crossed out the "you connected your facebook" ... but the other had like you are on the waiting list ....


it means i iwill not receive anything?