Topic: New Bitcoin challenger launches (Read 1257 times)
I still think its funny that Facebook went ahead and integrated sending fiat through their messenger system and completely sidestepped cryptocurrency.
Ah, yeah, I remember this one. One year later and still wouldn't touch it with someone else's bargepole. 
lol yes i was lucky to dodge this one. Wouldn't touch it with someone else's bargepole. It's going to end up the same way Ripple did. They can give it away for free all they like because it's worthless, heh. Even if they offered to pay me to take it I'd probably have to think about it.
Ah, yeah, I remember this one. One year later and still wouldn't touch it with someone else's bargepole.
Wouldn't touch it with someone else's bargepole. It's going to end up the same way Ripple did. They can give it away for free all they like because it's worthless, heh. Even if they offered to pay me to take it I'd probably have to think about it.
I already commented on this, and it seems as though it just vanished. {Are we moderated, without us knowing it?}
I will not sell my bitcoin soul for this. Why the #@$$%#% do you need a coin to identify you? {Facebook}?
I will not sell my bitcoin soul for this. Why the #@$$%#% do you need a coin to identify you? {Facebook}?
It isn't required to use Stellar that you have to have Facebook, it is a free giveaway that you can take advantage of or not. Lots of sites do this including sites that involve bitcoin.
It was a free giveaway, but sadly they started rejecting any and all Facebook accounts that anyone tried to sign up with. The amount they gave away rapidly dwindled to next to nothing. I don't think anyone has got anything from the giveaway for a long time now. They promised to give away a certain amount each year but I think they'll break that promise and there will be no more giveaways this year.
On this day in history... 1 year ago.
I bought and sold Stellars for a small loss, didn't play around with it much.
The irony is you can now send regular fiat through Facebook messager but you can't send any sort of crypto... That's kind of lame. Crypto is totally ripe for Facebook as a mode of exchange.
I bought and sold Stellars for a small loss, didn't play around with it much.
The irony is you can now send regular fiat through Facebook messager but you can't send any sort of crypto... That's kind of lame. Crypto is totally ripe for Facebook as a mode of exchange.
The whole idea of automatically converting between different currencies when sending money seems pretty interesting. But the fact that I haven't heard of the company before now makes me a bit suspicious.
I already commented on this, and it seems as though it just vanished. {Are we moderated, without us knowing it?}
I will not sell my bitcoin soul for this. Why the #@$$%#% do you need a coin to identify you? {Facebook}?
I will not sell my bitcoin soul for this. Why the #@$$%#% do you need a coin to identify you? {Facebook}?
It isn't required to use Stellar that you have to have Facebook, it is a free giveaway that you can take advantage of or not. Lots of sites do this including sites that involve bitcoin.
I already commented on this, and it seems as though it just vanished. {Are we moderated, without us knowing it?}
I will not sell my bitcoin soul for this. Why the #@$$%#% do you need a coin to identify you? {Facebook}?
I will not sell my bitcoin soul for this. Why the #@$$%#% do you need a coin to identify you? {Facebook}?
They are giving away Stellar @ Stellar.org
Sign up there and you can get quite a bit of free coins(I think around 2,200) I will also make a deal with you, if you send me 1,000 coins(You get 1,000 coins sent back to you from stellar) I will send you 500 of them back as well, so you will get 500 for doing nothing:)
Sign up there and you can get quite a bit of free coins(I think around 2,200) I will also make a deal with you, if you send me 1,000 coins(You get 1,000 coins sent back to you from stellar) I will send you 500 of them back as well, so you will get 500 for doing nothing:)
Wouldn't touch it with someone else's bargepole. It's going to end up the same way Ripple did. They can give it away for free all they like because it's worthless, heh. Even if they offered to pay me to take it I'd probably have to think about it.
have you guys tried stellar already? was it good?
yea its a bit like budweiser, but tastes better
Quote
where to sell stellars?
price per stellar?
how to get stellars?
i am confused
price per stellar?
how to get stellars?
i am confused
they're given away for free on facebook. purely because people in the bitcoin community are getting smart to the ripple scam, McCaleb is now trying out a fresh group of noobs that don't know better
have you guys tried stellar already? was it good?
where to sell stellars?
price per stellar?
how to get stellars?
i am confused
price per stellar?
how to get stellars?
i am confused
It has some potential
the service does have potential, once people realise that stella/ripples are not a currency to be traded, but free postal stamps used to help move transactions from A-B. just a shame that its being advertised as a bitcoin like monetary system where infact its just a gateway, much like localbitcoins
It has some potential
Except it's really just a Ripple altcoin and thus roughly as much of a challenge to Bitcoin than Ripple is. Still, Ripple's got its first altcoin. It's a pretty big rite of passage in its own right.
ripple is not an altcoin as it has no blockchain. its an SQL database.. it is not a crypto currency just a plain old digital currency. and yea stella is just a clone.
why do people not understand that ripples and stella are worthless pieces of junk that hold no asset value.
Except it's really just a Ripple altcoin and thus roughly as much of a challenge to Bitcoin than Ripple is. Still, Ripple's got its first altcoin. It's a pretty big rite of passage in its own right.
Meet Stellar, a new digital currency and payments networked backed by Stripe.
Stripe is diving into digital currency in a big way.
The San Francisco-based startup, whose technology lets businesses accept online payments, helped introduce a new Bitcoin-like currency on Thursday called “stellar,” as well as a payments network that lets users send any kind of traditional and digital currency including U.S. dollars, pesos, euros and Bitcoins. People will be able to send one kind of currency across the globe and have it automatically converted into another — a sort of all-inclusive online money exchange.
At first, Stellar will be given away for free as a way to introduce more people to the nascent world of digital money, or so-called “crypto-currency.” It’s also a sure-fire way to get stellar to as many people as quickly as possible.
Stellar was developed by the Stellar Development Foundation, a non-profit created by Stripe CEO Patrick Collison and Ripple co-founder Jed McCaleb plus $3 million in initial funding from Stripe. The foundation’s board and advisors boast impressive names like ex-PayPal executive Keith Rabois, YCombinator partner Sam Altman, AngelList cofounder Naval Ravikant and Automattic CEO Matt Mullenweg, among others.
Collison had been kicking around the idea of an agnostic online payments network since 2011, shortly after he and brother John began working on the technology for Stripe. “Even before Stripe launched, we were thinking about what crypto-currencies mean for Stripe and in particular, how we can take advantage of them in order to accomplish the things we want to do,” Collison explained to Fortune earlier this week. Collision has talked over the years of wanting to make online payments universal and ubiquitous, and he felt crypto-currencies dovetailed with that vision.
So several months ago, Collison began brainstorming with McCaleb, who had helped build Ripple, a Bitcoin rival. “We were having these conversations, and it was so clear what Stripe thought should exist, and what he thought should exist, and they almost precisely [matched up],” Collison recalled. “So it made sense to decide to do something together.”
Collison and McCaleb agreed that establishing a non-profit separate from Stripe to be in control of developing Stellar was the best strategy. “We felt the basic parts shouldn’t be controlled by one single entity,” said Collison. They also decided to give away the majority of stellar currency for free: half of the 95 billion stellar coins will be given to people who sign up via Facebook FB -0.40% , for instance.
Many questions remain about Stellar, not the least of which includes whether the currency will achieve any sort of significant value — something that will depend on how much it’s used — and whether the network it flows through takes off. Collison readily admits it will take time for their so-called “experimental research project” to take hold, if it does at all.
Look no further than Bitcoin’s own slow, growth for proof of that. Although the cryptocurrency has earned countless headlines since January 2009 — the culmination being Newsweek’s March cover story — in reality, Bitcoin’s user base remains lower-than-expected: Over 1.2 million as of this January, by some estimates. But what Bitcoin has sparked is a serious conversation about the way money can and should be processed online, to the point where even more traditional services like PayPal have said they are closely following Bitcoin.
With some of Silicon Valley’s brightest at the helm, Stellar has just as good a chance as any current crypto-currency perhaps to be, well, stellar.
SOURCE "http://fortune.com/2014/07/31/stripe-launches-bitcoin-challenger-gives-it-away-for-free/"
Stripe is diving into digital currency in a big way.
The San Francisco-based startup, whose technology lets businesses accept online payments, helped introduce a new Bitcoin-like currency on Thursday called “stellar,” as well as a payments network that lets users send any kind of traditional and digital currency including U.S. dollars, pesos, euros and Bitcoins. People will be able to send one kind of currency across the globe and have it automatically converted into another — a sort of all-inclusive online money exchange.
At first, Stellar will be given away for free as a way to introduce more people to the nascent world of digital money, or so-called “crypto-currency.” It’s also a sure-fire way to get stellar to as many people as quickly as possible.
Stellar was developed by the Stellar Development Foundation, a non-profit created by Stripe CEO Patrick Collison and Ripple co-founder Jed McCaleb plus $3 million in initial funding from Stripe. The foundation’s board and advisors boast impressive names like ex-PayPal executive Keith Rabois, YCombinator partner Sam Altman, AngelList cofounder Naval Ravikant and Automattic CEO Matt Mullenweg, among others.
Collison had been kicking around the idea of an agnostic online payments network since 2011, shortly after he and brother John began working on the technology for Stripe. “Even before Stripe launched, we were thinking about what crypto-currencies mean for Stripe and in particular, how we can take advantage of them in order to accomplish the things we want to do,” Collison explained to Fortune earlier this week. Collision has talked over the years of wanting to make online payments universal and ubiquitous, and he felt crypto-currencies dovetailed with that vision.
So several months ago, Collison began brainstorming with McCaleb, who had helped build Ripple, a Bitcoin rival. “We were having these conversations, and it was so clear what Stripe thought should exist, and what he thought should exist, and they almost precisely [matched up],” Collison recalled. “So it made sense to decide to do something together.”
Collison and McCaleb agreed that establishing a non-profit separate from Stripe to be in control of developing Stellar was the best strategy. “We felt the basic parts shouldn’t be controlled by one single entity,” said Collison. They also decided to give away the majority of stellar currency for free: half of the 95 billion stellar coins will be given to people who sign up via Facebook FB -0.40% , for instance.
Many questions remain about Stellar, not the least of which includes whether the currency will achieve any sort of significant value — something that will depend on how much it’s used — and whether the network it flows through takes off. Collison readily admits it will take time for their so-called “experimental research project” to take hold, if it does at all.
Look no further than Bitcoin’s own slow, growth for proof of that. Although the cryptocurrency has earned countless headlines since January 2009 — the culmination being Newsweek’s March cover story — in reality, Bitcoin’s user base remains lower-than-expected: Over 1.2 million as of this January, by some estimates. But what Bitcoin has sparked is a serious conversation about the way money can and should be processed online, to the point where even more traditional services like PayPal have said they are closely following Bitcoin.
With some of Silicon Valley’s brightest at the helm, Stellar has just as good a chance as any current crypto-currency perhaps to be, well, stellar.
SOURCE "http://fortune.com/2014/07/31/stripe-launches-bitcoin-challenger-gives-it-away-for-free/"
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