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Author Topic: How is stellar not a scam?  (Read 5472 times)
TaunSew
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August 05, 2014, 01:10:46 AM
Last edit: August 05, 2014, 02:01:07 AM by TaunSew
 #1

Let's look at the facts

- Wants to distribute to millions of people (meanwhile Bitcoin only has 1 to 2 million people.  Freebies of $10 and obscure advertisement won't be enough to attract those users)

- 94.9% lockup.  If only thousands or tens of thousands sign up for Stellar then 94.9%+ of the total coin supply is locked up.  It's bloated capitalization like Ripple's 97% premine and Aurora before the air drop.

- That means the tradeable coins consist of the 3% developer premine and the 2% venture capitalist premine..  while the rest are literal crumbs.   That means they control 99.8% of the tradeable coins (it is worse than Ripple) and can manipulate prices.

Forget about the $3 million venture capitalist.  It's a Ripple Fork and the $3 million is no different than Maidsafe and other ponzi schemes ran by wealthy investors who think throwing bags of money at a coin will attract subsequent bags of money.

Forget about the 'free' Stellar..  who cares about a free $10 when these people own 99.8% of tradeable coins.  You make your $10 (flip for $100 if lucky), while they pocket $100 million by selling on the exchanges.  Fair distribution indeed.   Cheesy

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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From Above
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August 05, 2014, 01:14:04 AM
 #2

+1 fucking scam shit crap by paypal and wallstreet suckers

~CfA~

hypostatization
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August 05, 2014, 01:52:13 AM
 #3

Not to mention the inflation tax that has been added to give the wealthiest users a network advantage.

xrptalk.org :: setup a wallet + trade all currencies :: gateway reviews @ coinist.co :: deposit to buy xrp @ snapswap [now supporting PayPal withdrawls + instant ACH transfer deposits]
CrossCoin Ventures startup accelerator - offering XRP funding up to $50,000 USD equivalent
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August 05, 2014, 03:56:49 AM
 #4

82,681 Facebook auths

257,135,400 stellars given away

yes, it's a scam  Roll Eyes
TaunSew
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August 05, 2014, 04:47:03 AM
 #5

82,681 Facebook auths

257,135,400 stellars given away

yes, it's a scam  Roll Eyes


Fake facebook accounts, even verified, is easy.

BTW 257 million between 82,000 sockpuppet Facebook accounts while Stripe + Stellar team gets 5 billion coins just for forking ripple and slapping a reskinned wallet on it.  Best scam in 2014.


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
TaunSew
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August 05, 2014, 05:02:20 AM
 #6

BTW someone on their forum said they have 24 million Stellar.  I thought it was 'fair distribution', guy said he got them all through his Facebook accounts.

I can write computer scripts to spam commands on all sorts of websites and I have no clue what I am doing with my scripts either.  Professional hackers obsessed all have thousands of verified Facebook accounts by now.


BTW - Stellar has 5 billion coins while public has 300 million.  You made them all instant millionaires.  Best scam in 2014.  Ripple  and founder repackaged itself into a new name and are now richer.  Crypto currencies is the best form of charity.   Cool

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
kutaka
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August 17, 2014, 10:43:26 PM
 #7

This is a hardcore scamcoin:D
percocet
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August 18, 2014, 02:21:25 PM
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BTW someone on their forum said they have 24 million Stellar.  I thought it was 'fair distribution', guy said he got them all through his Facebook accounts.


I doubt that is true as they were giving away 5,000 Stellar to each approved Facebook application. So this user would have to have had 4,800 FB accounts and applied for Stellar from each one of them. Yeah right.
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August 18, 2014, 03:02:01 PM
 #9

Ripple, Stellar, Nxt all the same scam shit, creator controls more than 90% of coins and so has full control of price
Who in his right mind pays money for something the seller got for free or very cheap.
Its the old fool looking for bigger fool system, buying in the hope of not being the last in line
TrailingComet
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August 18, 2014, 04:06:20 PM
 #10

More recent sign ups only got 100 stellars or less
Note that any btc owners that do not sign for their pro data stellar allocations, will result in those stellars going into the stellar foundation op fund

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August 10, 2016, 07:39:59 AM
 #11

Ripple, Stellar, Nxt all the same scam shit, creator controls more than 90% of coins and so has full control of price
Who in his right mind pays money for something the seller got for free or very cheap.
Its the old fool looking for bigger fool system, buying in the hope of not being the last in line

This is why we need warn people of this shitcoin when they want test the Altcoin scene

well you forgot, etherium is the most controlled coin

NXT have very bright future, specially when after releasing ARDOR, it is the only blockchain service for rent
look at the news, every media and company discussing blockchain

while on stellar
stellar is micropayments, it is suppose to be cheap, but not always cheap
if you compare bitcoin or etherium, it is WAY to expensive for african or most asian country, not to mention the transaction fee is FAR higher that using banks for local transfer, and in aftica most of the coin is unreachable
this is where the stellar take part, as a local transfer, because there is no transaction fee
also very affordable to poor and emerging country, cant argue it looks garbage to big country and economic powerful like US and europe



here take a look
Quote
get STELLAR coin INCOME simply by posting, blogging, and invite others
only at Stellar Forum www.mystellar.org (look at promotion)

stellar is a finance with mission to help fight poverty
who knows oneday 1XLM will worth 1usd, or even as high as bitcoin..
bitcoin also was worth 0usd at 22jun2010

stellar forum www.mystellar.org

cryptodd88
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November 06, 2017, 05:33:16 PM
 #12

Now, all of you come back here and slap yourself hard, but very hard Wink
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