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inBitweTrust
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July 31, 2014, 10:01:50 PM |
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50% of the total will be distributed to people who sign up for an account verified by cellphone 25% will be distributed by other nonprofits focused on financial inclusion. 20% will be given to current Bitcoin and Ripple holders—two systems that Stellar owes a lot to. 5% will be used to pay nonprofit stellars admin costs and development fixed 1% annual rate inflation will be awarded to top 50 accounts with participatory budgeting allocated to causes the consensus supports. 5% admin is somewhat fair IMHO..... do you believe there should be no money set aside for devs? I don't understand what the scam is .... just collect your free tokens and than use them to exchange bitcoin for fiat and vice versa for free.
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jonald_fyookball (OP)
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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July 31, 2014, 10:05:11 PM |
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50% of the total will be distributed to people who sign up for an account verified by cellphone 25% will be distributed by other nonprofits focused on financial inclusion. 20% will be given to current Bitcoin and Ripple holders—two systems that Stellar owes a lot to. 5% will be used to pay nonprofit stellars admin costs and development 5% admin is somewhat fair IMHO..... do you believe there should be no money set aside for devs? thats up to the people who put in the money... I think the whole project is unnecessary.
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inBitweTrust
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July 31, 2014, 10:10:06 PM |
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thats up to the people who put in the money... I think the whole project is unnecessary.
You think decentralized exchanges are unnecessary?
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jonald_fyookball (OP)
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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July 31, 2014, 10:12:32 PM |
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thats up to the people who put in the money... I think the whole project is unnecessary.
You think decentralized exchanges are unnecessary? thats not what it is.
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inBitweTrust
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July 31, 2014, 10:15:36 PM |
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thats up to the people who put in the money... I think the whole project is unnecessary.
You think decentralized exchanges are unnecessary? thats not what it is. Since it’s a distributed and open network, anyone is able to start their own gateway, and to take their pick of gateways to trust. How is that not decentralized? Seems like NXt/Ripple with a much fairer distribution model. Not as secure as bitcoin, but ..... hmmm... why not just Bitcoin with oracles? Perhaps this is superfluous?
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franky1
Legendary
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Activity: 4228
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July 31, 2014, 10:48:18 PM |
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i had load of ripples in my account.. i deemed them worthless anyways, but i found that they routinely wipe peoples accounts.. that was last year before the sell off,
for me ripples was never a currency and NO ONE should treat them as such. the best description of ripples or 'ether' or stella is to think of them as postage stamps that sit on the outside and used only to ensure the currency (bank notes in an envelope) gets to its destination. not to be thought of as a currency to trade. but as a simple stamp to use.
and they are not a blockchain that is there permenantly, they are just a SQL database.. again worthless, no true ownership
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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July 31, 2014, 10:51:22 PM |
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Is ripple gone already?
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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July 31, 2014, 11:08:59 PM |
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well ... they try ... and they crash. commun world.
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inBitweTrust
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July 31, 2014, 11:14:47 PM |
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Is ripple gone already?
Still has a 43 million dollar market cap ... but with this announcement I'm sure Ripple prices are going to crash. I am not sure how I feel about Stellar at this point in time till I read the yet to be released whitepaper but it sure is a hell of a lot better than Ripple based upon the info thus far.
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keithers
Legendary
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This is the land of wolves now & you're not a wolf
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July 31, 2014, 11:30:47 PM |
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I think the project is a pretty good idea from what I have read so far (which is not that much). His name got dragged through the mud because the of the whole Gox thing, but that really didn't involve him since he sold, right?
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Lauda
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Terminated.
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July 31, 2014, 11:33:30 PM |
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I think the project is a pretty good idea from what I have read so far (which is not that much). His name got dragged through the mud because the of the whole Gox thing, but that really didn't involve him since he sold, right?
It is, but another currency isn't. He will probably repeat his steps and dumb his holdings when the time comes.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 01, 2014, 12:41:55 AM |
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Is ripple gone already?
Still has a 43 million dollar market cap ... but with this announcement I'm sure Ripple prices are going to crash. I am not sure how I feel about Stellar at this point in time till I read the yet to be released whitepaper but it sure is a hell of a lot better than Ripple based upon the info thus far. Interesting, I didn't think it would make it for several reasons. I saw them set up a table at one of the Bitcoin conferences and thought it was pretty cheesy piggybacking like that. TradeFortress supported it and I never trusted him. Joel Katz always kind of creeped me out and he worked on Ripple. He hasn't done anything wrong that I know about but he kind of looks like one of one of those guys you would see hanging out on a Starbucks sofa, laying down and waiting to look up girls skirts. lol
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jonald_fyookball (OP)
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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August 01, 2014, 01:01:22 AM |
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thats up to the people who put in the money... I think the whole project is unnecessary.
You think decentralized exchanges are unnecessary? thats not what it is. Since it’s a distributed and open network, anyone is able to start their own gateway, and to take their pick of gateways to trust. How is that not decentralized? Seems like NXt/Ripple with a much fairer distribution model. Not as secure as bitcoin, but ..... hmmm... why not just Bitcoin with oracles? Perhaps this is superfluous? there's really no such thing as a true decentralized exchange when it comes to fiat. But if you're going to make an open protocol, why not just build the protocol, why do we need "stellar tokens" -- to pay the devs?
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Elwar
Legendary
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Viva Ut Vivas
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August 01, 2014, 01:27:27 AM |
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People not even close to being as humble or smart as Satoshi trying to be Satoshi.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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kingama
Member
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August 01, 2014, 06:08:50 AM |
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I still respect Jed but wish he'd stop trying to eliminate proof-of-work and stick with Bitcoin. There's plenty for him to do and what does he think are the chances he'll invent another decentralized system that even comes close to touching Bitcoin in impact?
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AliceWonder
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August 01, 2014, 06:11:30 AM |
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People not even close to being as humble or smart as Satoshi trying to be Satoshi.
QFT
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SomethingElse
Full Member
Offline
Activity: 210
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Looking for the next big thing
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August 01, 2014, 06:34:55 AM |
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i had load of ripples in my account.. i deemed them worthless anyways, but i found that they routinely wipe peoples accounts.. that was last year before the sell off,
for me ripples was never a currency and NO ONE should treat them as such. the best description of ripples or 'ether' or stella is to think of them as postage stamps that sit on the outside and used only to ensure the currency (bank notes in an envelope) gets to its destination. not to be thought of as a currency to trade. but as a simple stamp to use.
and they are not a blockchain that is there permenantly, they are just a SQL database.. again worthless, no true ownership
+1 It's not money. It's a platform with a tax that let's others exchange money. I heard NXT just released a mostly trustless distributed exchange. Only a few coins now but in the future any coin will be traded with any other coin directly with no worry a middleman can steal your cash. That's better then Ripple or this new project, but still for assets without blockchains, I guess gateways and trust are needed.
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NEM
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maurya78
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August 01, 2014, 07:44:22 AM |
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Yeah, it's been a real clusterfuck since Jed pulled the trigger Mismanaged beginning to end I thought Ripple had some potential initially, sad
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Gleb Gamow
In memoriam
VIP
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August 01, 2014, 09:01:41 AM |
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The next coin will be a PoSB (Proof of Stellar Burn).
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Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
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August 01, 2014, 09:29:59 AM |
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Is ripple gone already?
Still has a 43 million dollar market cap ... but with this announcement I'm sure Ripple prices are going to crash. I am not sure how I feel about Stellar at this point in time till I read the yet to be released whitepaper but it sure is a hell of a lot better than Ripple based upon the info thus far. Interesting, I didn't think it would make it for several reasons. I saw them set up a table at one of the Bitcoin conferences and thought it was pretty cheesy piggybacking like that. TradeFortress supported it and I never trusted him. Joel Katz always kind of creeped me out and he worked on Ripple. He hasn't done anything wrong that I know about but he kind of looks like one of one of those guys you would see hanging out on a Starbucks sofa, laying down and waiting to look up girls skirts. lol I can only image you referring to me as a troll/gnome behind my back, you bald-headed fart.
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Gleb Gamow
In memoriam
VIP
Legendary
Offline
Activity: 1428
Merit: 1145
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August 01, 2014, 09:32:40 AM |
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i had load of ripples in my account.. i deemed them worthless anyways, but i found that they routinely wipe peoples accounts.. that was last year before the sell off,
for me ripples was never a currency and NO ONE should treat them as such. the best description of ripples or 'ether' or stella is to think of them as postage stamps that sit on the outside and used only to ensure the currency (bank notes in an envelope) gets to its destination. not to be thought of as a currency to trade. but as a simple stamp to use.
and they are not a blockchain that is there permenantly, they are just a SQL database.. again worthless, no true ownership
+1 It's not money. It's a platform with a tax that let's others exchange money. I heard NXT just released a mostly trustless distributed exchange. Only a few coins now but in the future any coin will be traded with any other coin directly with no worry a middleman can steal your cash. That's better then Ripple or this new project, but still for assets without blockchains, I guess gateways and trust are needed. I gotta seriously look into this NXT thingie for a project I'm working on. BTW, I went ahead and registered CoinProLite for shits & giggles. I think I can seriously use it as a utility for the almost guaranteed distribution I have in mind.
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 01, 2014, 02:51:23 PM |
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Is ripple gone already?
Still has a 43 million dollar market cap ... but with this announcement I'm sure Ripple prices are going to crash. I am not sure how I feel about Stellar at this point in time till I read the yet to be released whitepaper but it sure is a hell of a lot better than Ripple based upon the info thus far. Interesting, I didn't think it would make it for several reasons. I saw them set up a table at one of the Bitcoin conferences and thought it was pretty cheesy piggybacking like that. TradeFortress supported it and I never trusted him. Joel Katz always kind of creeped me out and he worked on Ripple. He hasn't done anything wrong that I know about but he kind of looks like one of one of those guys you would see hanging out on a Starbucks sofa, laying down and waiting to look up girls skirts. lol I can only image you referring to me as a troll/gnome behind my back, you bald-headed fart. Face it Bruno, at our age we both look like garden gnomes. Except we're not quite as cute.
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🏰 TradeFortress 🏰
Bitcoin Veteran
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Activity: 1316
Merit: 1043
👻
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August 01, 2014, 02:54:50 PM |
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thats up to the people who put in the money... I think the whole project is unnecessary.
You think decentralized exchanges are unnecessary? thats not what it is. Since it’s a distributed and open network, anyone is able to start their own gateway, and to take their pick of gateways to trust. How is that not decentralized? Seems like NXt/Ripple with a much fairer distribution model. Not as secure as bitcoin, but ..... hmmm... why not just Bitcoin with oracles? Perhaps this is superfluous? Distributed =/= decentralized. Ripple or Stellar are not decentralized, as their consensus algorithm does not resolve the Byzantines Generals Problem. The distribution of Stellar is far more fair than the distribution of Ripple however. [PS: Who registered stellarscam.org? ]
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DooMAD
Legendary
Offline
Activity: 3794
Merit: 3143
Leave no FUD unchallenged
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August 01, 2014, 05:51:55 PM |
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Glad I stayed clear of ripple and I'll be staying clear of this as well. I wouldn't call either a scam, but at the same time they're just not very good solutions. These "gateways" just sound like mini-exchanges and rife for abuse from whoever is running them.
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. .HUGE. | | | | | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . CASINO & SPORTSBOOK ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | |
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HostFat
Staff
Legendary
Offline
Activity: 4242
Merit: 1203
I support freedom of choice
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August 01, 2014, 06:10:58 PM |
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The gateway IS an exchange, it's an exchange connected to the Ripple (or Stellar) network. Do you know a secret? Bitstamp is a Ripple gateway! There is no more trust that you give to a gateway than a common exchange.
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Este Nuno
Legendary
Offline
Activity: 826
Merit: 1000
amarha
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August 01, 2014, 06:20:59 PM |
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Is ripple gone already?
Still has a 43 million dollar market cap ... but with this announcement I'm sure Ripple prices are going to crash. I am not sure how I feel about Stellar at this point in time till I read the yet to be released whitepaper but it sure is a hell of a lot better than Ripple based upon the info thus far. Interesting, I didn't think it would make it for several reasons. I saw them set up a table at one of the Bitcoin conferences and thought it was pretty cheesy piggybacking like that. TradeFortress supported it and I never trusted him. Joel Katz always kind of creeped me out and he worked on Ripple. He hasn't done anything wrong that I know about but he kind of looks like one of one of those guys you would see hanging out on a Starbucks sofa, laying down and waiting to look up girls skirts. lol Woah, you must not have been paying too much attention to Ripple back then. Tradefortress was actually the biggest Ripple detractor by far. He paid people many BTC to edit their posts if they were on the first page of Ripple's giveaway thread to say something along the lines of "RIPPLE IS A SCAM" ect ect. Also paid people to put that in their sigs. And he also ran a literal scam where he issued 'Tradefortress' BTC backed by nothing on Ripple where at least one person lost 1 BTC. That being said I totally don't blame you for completely ignoring all that nonsense that went on during that time.
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inBitweTrust
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August 01, 2014, 07:32:52 PM |
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thats up to the people who put in the money... I think the whole project is unnecessary.
You think decentralized exchanges are unnecessary? thats not what it is. Since it’s a distributed and open network, anyone is able to start their own gateway, and to take their pick of gateways to trust. How is that not decentralized? Seems like NXt/Ripple with a much fairer distribution model. Not as secure as bitcoin, but ..... hmmm... why not just Bitcoin with oracles? Perhaps this is superfluous? Distributed =/= decentralized. Ripple or Stellar are not decentralized, as their consensus algorithm does not resolve the Byzantines Generals Problem. The distribution of Stellar is far more fair than the distribution of Ripple however. [PS: Who registered stellarscam.org? ] AGREED , i Stand corrected.
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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August 01, 2014, 07:33:21 PM |
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Is ripple gone already?
Still has a 43 million dollar market cap ... but with this announcement I'm sure Ripple prices are going to crash. I am not sure how I feel about Stellar at this point in time till I read the yet to be released whitepaper but it sure is a hell of a lot better than Ripple based upon the info thus far. Interesting, I didn't think it would make it for several reasons. I saw them set up a table at one of the Bitcoin conferences and thought it was pretty cheesy piggybacking like that. TradeFortress supported it and I never trusted him. Joel Katz always kind of creeped me out and he worked on Ripple. He hasn't done anything wrong that I know about but he kind of looks like one of one of those guys you would see hanging out on a Starbucks sofa, laying down and waiting to look up girls skirts. lol Woah, you must not have been paying too much attention to Ripple back then. Tradefortress was actually the biggest Ripple detractor by far. He paid people many BTC to edit their posts if they were on the first page of Ripple's giveaway thread to say something along the lines of "RIPPLE IS A SCAM" ect ect. Also paid people to put that in their sigs. And he also ran a literal scam where he issued 'Tradefortress' BTC backed by nothing on Ripple where at least one person lost 1 BTC. That being said I totally don't blame you for completely ignoring all that nonsense that went on during that time. Really! Well then I guess ripple is ok. LOL Your right, I just skimmed a few ripple threads and saw him posting heavily in them so I thought he was a supporter. I guess his propaganda efforts had the opposite effect. Something was always smelled fishy about TradeFortress so I just developed a general dislike for him. Ripple always seemed like backwards logic to me and counter to what I got into Bitcoin for in the first place. I dismissed it pretty quickly though without doing much research. That whole IOU trust thing put me off. The reason I use Bitcoin and protect myself is because I don't trust any of you fuckers. ROFL
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Pente
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August 01, 2014, 08:25:42 PM |
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You can open up an account at New Account at Stellar and get 5000 free Stellars for hooking up to your Facebook. Just be sure to test it by sending some Stellars to this address: ghxe5YBPwoLtehA6H5riRp815gowxRGaVQ
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cdog
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August 01, 2014, 09:15:28 PM |
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Joel Katz always kind of creeped me out and he worked on Ripple. He hasn't done anything wrong that I know about but he kind of looks like one of one of those guys you would see hanging out on a Starbucks sofa, laying down and waiting to look up girls skirts. lol
OK, I lol'd
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galbros
Legendary
Offline
Activity: 1022
Merit: 1000
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August 01, 2014, 11:44:40 PM |
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You can open up an account at New Account at Stellar and get 5000 free Stellars for hooking up to your Facebook. Exactly this, Stella seems to be a reboot of Ripple with the initial giveaway done via Facebook rather than bitcointalk. Also, I think for the record, Tradefortress always hated ripple and even paid people to call it a scam, at least until the inputs.io "hack." I haven't lost any respect for Jed. He seems a well intended guy who got disillusioned with Ripple, told them to bugger off, and is trying to do a better mousetrap. It just looks exactly the same as the current mousetrap...
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