Stellar.

[Thekool1s]

Hi i have questions about stellar.

1) How did the price of stellar got settled? Like rightnow its 0.004 per 1000 stellar
2) It will be a perfect scam to make a coin like stellar, keep tons for myself and when the hyip or price rises sell all of it?

Don't you think its a scam? It would cost the maker about like 2 BTC at max to make the coins and now if he as 25% of total amount he can get tons of btc?

[byt411]

1) Supply and demand.
2) Yes, you are correct. It's the same with Ripple, it's just a huge premined coin.

[Lauda]

It's pretty much a copy of Ripple, nothing new and it will just earn a ton of money to the inventor.
BTW this is not a Bitcoin discussion.

[Thekool1s]

BTW this is not a Bitcoin discussion.

Opps my bad. Sorry posted in wrong section. Can i move to other place

[byt411]

It's pretty much a copy of Ripple, nothing new and it will just earn a ton of money to the inventor.
BTW this is not a Bitcoin discussion.

Yeah. But everyone sees it's a piece of crap, a piece of highly premined crap, so it won't gain value.

0.004 per 1000? but where its being traded?

Everywhere. Reddit, the Altcoin Marketplace, everywhere.

[Lauda]

BTW this is not a Bitcoin discussion.

Opps my bad. Sorry posted in wrong section. Can i move to other place

I've reported it so it should be moved soon don't worry about it.
The price of it is decided like the price of any other coin, simple supply and demand. As far as trading goes it is accepted on 2-3 exchanges (if I'm correct).

[TaunSew]

Total supply is 100 billion
Only around 280 million according to Mrvega (who is a moderator on their forum) has been distributed so far.

So in a nutshell it's a 99.72% premine and they have 94% control of current tradeable stellar (5 billion coins for themselves plus the 280 they issued so far = 95% of coins that can be put on an exchange).

Then the remaining 6% of coins are largely owned by early birds, people with tons of fake facebook and speculators, et cetera.  On their forum they already have people bragging about owning millions and tens of millions of stellar (most it one way or another coming from fake facebook accounts pre-verification requirement).

 So yes I would consider this coin to be a scam.  It's all capitalization manipuilation like Aurora coin pre-air drop, Marine Coin and Solar coin.  Very easy to manipulate a coin when you have 94% control of current tradeable coins.

 Really Stellar is a repackaged Ripple founded by a Ripple developer.  If you think it's a new company then you would probably enjoy the 'real wrestling' on WWE, a 8 year old thinks it real but an adult shouldn't.

Stellar is really just capitalizing on the 'egalitarian fad' that you see in upcoming 2.0 coins so they forked Ripple and tried to pass off the egalitarian rhetoric.

The problem is, while Stellar might be 'free', it's far from being fair distribution as Stellar owns 99.72% premine and 94% of current tradeable coins.  While they used to give out thousands of stellar, now it's down to $10 and a lot of people are reporting they don't even get the full $10 anymore!

BTW Ripple pulled the same junk.  Ripple promised to distribute its' coins but it never did.  Neither will Stellar.  They wouldn't kill off their own money machine.

Looks like Bitcointalk just made a whole bunch of instant millionaires in California.  All they had to do was copy Ripple, give it a reskin and a rebrand and pesto - easy several million.

[TheBullOfWallStreet]

Looks like Bitcointalk just made a whole bunch of instant millionaires in California.  All they had to do was copy Ripple, give it a reskin and a rebrand and pesto - easy several million.

stellar marketcap is not even a full 1m yet

doesn't matter because those guys have access to 5% of all coins. (5 billion!)

[byt411]

Total supply is 100 billion
Only around 280 million according to Mrvega (who is a moderator on their forum) has been distributed so far.

So in a nutshell it's a 99.72% premine and they have 94% control of current tradeable stellar (5 billion coins for themselves plus the 280 they issued so far = 95% of coins that can be put on an exchange).

Then the remaining 6% of coins are largely owned by early birds, people with tons of fake facebook and speculators, et cetera.  On their forum they already have people bragging about owning millions and tens of millions of stellar (most it one way or another coming from fake facebook accounts pre-verification requirement).

 So yes I would consider this coin to be a scam.  It's all capitalization manipuilation like Aurora coin pre-air drop, Marine Coin and Solar coin.  Very easy to manipulate a coin when you have 94% control of current tradeable coins.

 Really Stellar is a repackaged Ripple founded by a Ripple developer.  If you think it's a new company then you would probably enjoy the 'real wrestling' on WWE, a 8 year old thinks it real but an adult shouldn't.

Stellar is really just capitalizing on the 'egalitarian fad' that you see in upcoming 2.0 coins so they forked Ripple and tried to pass off the egalitarian rhetoric.

The problem is, while Stellar might be 'free', it's far from being fair distribution as Stellar owns 99.72% premine and 94% of current tradeable coins.  While they used to give out thousands of stellar, now it's down to $10 and a lot of people are reporting they don't even get the full $10 anymore!

BTW Ripple pulled the same junk.  Ripple promised to distribute its' coins but it never did.  Neither will Stellar.  They wouldn't kill off their own money machine.

Looks like Bitcointalk just made a whole bunch of instant millionaires in California.  All they had to do was copy Ripple, give it a reskin and a rebrand and pesto - easy several million.

It isn't even a proper method for a digital currency. It's worse than Auroracoin and Solarcoin and all that, because all you need is an FB account, and one can make one easily. Anyone can use bots to create hundreds and claim hundreds of Stellar-Crap. Ripple is dying, and they quickly created another scheme to absorb money.
What a bunch of evil geniuses.

[UrsaMajorisBeta]

Total supply is 100 billion
Only around 280 million according to Mrvega (who is a moderator on their forum) has been distributed so far.

So in a nutshell it's a 99.72% premine and they have 94% control of current tradeable stellar (5 billion coins for themselves plus the 280 they issued so far = 95% of coins that can be put on an exchange).

Then the remaining 6% of coins are largely owned by early birds, people with tons of fake facebook and speculators, et cetera.  On their forum they already have people bragging about owning millions and tens of millions of stellar (most it one way or another coming from fake facebook accounts pre-verification requirement).

 So yes I would consider this coin to be a scam.  It's all capitalization manipuilation like Aurora coin pre-air drop, Marine Coin and Solar coin.  Very easy to manipulate a coin when you have 94% control of current tradeable coins.

 Really Stellar is a repackaged Ripple founded by a Ripple developer.  If you think it's a new company then you would probably enjoy the 'real wrestling' on WWE, a 8 year old thinks it real but an adult shouldn't.

Stellar is really just capitalizing on the 'egalitarian fad' that you see in upcoming 2.0 coins so they forked Ripple and tried to pass off the egalitarian rhetoric.

The problem is, while Stellar might be 'free', it's far from being fair distribution as Stellar owns 99.72% premine and 94% of current tradeable coins.  While they used to give out thousands of stellar, now it's down to $10 and a lot of people are reporting they don't even get the full $10 anymore!

BTW Ripple pulled the same junk.  Ripple promised to distribute its' coins but it never did.  Neither will Stellar.  They wouldn't kill off their own money machine.

Looks like Bitcointalk just made a whole bunch of instant millionaires in California.  All they had to do was copy Ripple, give it a reskin and a rebrand and pesto - easy several million.

It isn't even a proper method for a digital currency. It's worse than Auroracoin and Solarcoin and all that, because all you need is an FB account, and one can make one easily. Anyone can use bots to create hundreds and claim hundreds of Stellar-Crap. Ripple is dying, and they quickly created another scheme to absorb money.
What a bunch of evil geniuses.

Go try it. Only verified accounts apply. Stop the fud if you are uninformed well.

[Lauda]

Go try it. Only verified accounts apply. Stop the fud if you are uninformed well.

You're the one who is uninformed and have no idea what you're talking about.
There are people who said that their fake account actually got confirmed but the real one didn't (can't find the quote right now). I have also tested it with my second account and it has worked. There is always a way.

[HostFat]

TaunSew is copy/pasting the same fud everywhere, are you the new TradeFortress scammer?

[byt411]

Total supply is 100 billion
Only around 280 million according to Mrvega (who is a moderator on their forum) has been distributed so far.

So in a nutshell it's a 99.72% premine and they have 94% control of current tradeable stellar (5 billion coins for themselves plus the 280 they issued so far = 95% of coins that can be put on an exchange).

Then the remaining 6% of coins are largely owned by early birds, people with tons of fake facebook and speculators, et cetera.  On their forum they already have people bragging about owning millions and tens of millions of stellar (most it one way or another coming from fake facebook accounts pre-verification requirement).

 So yes I would consider this coin to be a scam.  It's all capitalization manipuilation like Aurora coin pre-air drop, Marine Coin and Solar coin.  Very easy to manipulate a coin when you have 94% control of current tradeable coins.

 Really Stellar is a repackaged Ripple founded by a Ripple developer.  If you think it's a new company then you would probably enjoy the 'real wrestling' on WWE, a 8 year old thinks it real but an adult shouldn't.

Stellar is really just capitalizing on the 'egalitarian fad' that you see in upcoming 2.0 coins so they forked Ripple and tried to pass off the egalitarian rhetoric.

The problem is, while Stellar might be 'free', it's far from being fair distribution as Stellar owns 99.72% premine and 94% of current tradeable coins.  While they used to give out thousands of stellar, now it's down to $10 and a lot of people are reporting they don't even get the full $10 anymore!

BTW Ripple pulled the same junk.  Ripple promised to distribute its' coins but it never did.  Neither will Stellar.  They wouldn't kill off their own money machine.

Looks like Bitcointalk just made a whole bunch of instant millionaires in California.  All they had to do was copy Ripple, give it a reskin and a rebrand and pesto - easy several million.

It isn't even a proper method for a digital currency. It's worse than Auroracoin and Solarcoin and all that, because all you need is an FB account, and one can make one easily. Anyone can use bots to create hundreds and claim hundreds of Stellar-Crap. Ripple is dying, and they quickly created another scheme to absorb money.
What a bunch of evil geniuses.

Go try it. Only verified accounts apply. Stop the fud if you are uninformed well.

I have no idea. I just tried it, and I can't even find the connect to Facebook thing lol.

TaunSew is copy/pasting the same fud everywhere, are you the new TradeFortress scammer?

What he is saying is correct, Ripple and Stellar are premined and given to the "developers", which allows them to dump it currency once it reaches a high value.
TaunSew isn't scamming anyone, he's expressing his opinion.