Rumors say that David Schwartz plans to quit Ripple labs for Stellar !

TaunSew

hero member

Activity: 756

Merit: 506

So they lied about David Schwartz to hype up the price? Lips sealed

Stellar is a fork of Ripple. As well who cares about a free $10? Locking up a coin until you get millions of users means 94.9% of this coin will be locked up for decades (big if) while the only tradeable coins will be Stripe's and Stellar's and then the crumbs from the direct signup crowd. That means this coin will be heavily manipulated like Marine Coan and Solar Coin.

That means Stellar is worse than Ripple, imho. The entire rhetoric in Stellar HQ is that if we make this coin for free then millions of people will come our way and make us rich. I don't see it happening because, to be frank, crypto currencies are still a niche hobby and Bitcoin only has 1 to 2 million users.

Where's Stellar going to get their millions of new users? Ditto. If I wanted to buy Stellar then I'ld instead buy Ripple, they'll always be a step ahead of Stellar as Stellar is a fork.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: fifivotch on August 04, 2014, 06:01:12 PM

First question What's your thoughts about what's happening ?

I know Stripe's CEO, Patrick Collison. I think their $3 million investment into Ripple technology is a huge validation of the work Ripple Labs has done.

Quote

And second question in case of proposition from Jed, will you consider it ?

I think my wife would have a problem with that.

hypostatization

sr. member

Activity: 350

Merit: 250

Quote from: vijayjolly on August 04, 2014, 06:04:56 PM

What is this all Stellar project suddenly arise.

A Ripple fork. Here is a technical comparison: stellard vs rippled

STR (the internal currency) is inflationary, similar to the USD, but at a fixed rate of 1% annually. A novel aspect of its design provides the wealthy disproportionate control of the economy, emulating the spirit of traditional non-crypto economies. Inflation is governed by 'votes' that determine who should receive the newly created STR. Anyone is able to vote, but the weight of votes are determined by the wealth of the voter.

At the moment, non-crypto payments provider Stripe controls 2% of all STR, in return for $3M of seed money. Founders and employees of the (non-profit?) Stellar organization have the next largest share held by entities other than the org itself, as far as I am aware.

Stellar has been successful in new account creation, due in part to innovative usage of Mechanical Turk by its user community.

Here is a marketing page for more information on Stellar.

vijayjolly

newbie

Activity: 22

Merit: 0

Quote from: JoelKatz on August 04, 2014, 05:48:03 PM

There is no truth to this rumor whatsoever. I have not been approached by anyone from Stellar. I have no plans to leave Ripple Labs. I firmly believe that Ripple Labs is on the right track.

That said, the article contains some of the nicest things anyone has ever said about me, so thanks for that, I guess.

What is this all Stellar project suddenly arise.

fifivotch

member

Activity: 70

Merit: 10

@JoelKatz thanks for your enlightenment,
First question What's your thoughts about what's happening ?
And second question in case of proposition from Jed, will you consider it ?

Thank you very much

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

There is no truth to this rumor whatsoever. I have not been approached by anyone from Stellar. I have no plans to leave Ripple Labs. I firmly believe that Ripple Labs is on the right track.

That said, the article contains some of the nicest things anyone has ever said about me, so thanks for that, I guess.

hypostatization

sr. member

Activity: 350

Merit: 250

Unlikely, based on his public comments.

Here is David Schwartz on the pre-Stellar Jed/Jesse situation:

Quote

This is David Schwartz, JoelKatz on the Bitcoin forums. I first became involved in what became Ripple Labs when Jed McCaleb hired me to investigate if a distributed agreement protocol could solve the double spend problem without a central authority. Jed and I met Jesse Powell at a burrito shop in Berkeley and convinced him to become the first investor.

Chris Larsen co-founded the company with Jed, taking on the operating role of CEO. With Chris at the helm, Ripple Labs has grown to a team of more than 50 people, pursuing a shared vision to make the Ripple protocol an open, decentralized, payment system by building utility and liquidity. Today, I'm Chief Cryptographer at Ripple Labs and a member of the Board of Directors.

We knew we would face a number of challenges, from the technical to the regulatory, but nobody could have expected the destructive behavior we've seen these past few days. Jesse's assertion that Chris was and is unwilling to give back his founders' stake to Ripple Labs is completely untrue. Arthur posted on the issue yesterday. I trust that the community has the judgment to see who is building and who is scorching the Earth.

As he is an active forum member on bitcointalk.org---I am hoping that he may answer for himself.

Are you able to cite any sources?

Am I reading correctly that 'Stellar Doge' is the sole source of the rumor?

fifivotch

member

Activity: 70

Merit: 10

I'm ok with you
i'll try to buy some Stellar, yesterday they were at 1BTC ~ 380K STR Undecided

and i didn't bought damn

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

The guys?
Don't know. Rock Stars, in Crypto.
You'll have them around in every successful IT project.
At a certain point they become obsolete and usually leave with the ugliest noise they can make.
Mostly for the better of the venture.

The coin?
BUY!!!

fifivotch

member

Activity: 70

Merit: 10

What do you think about this guys http://bit.ly/1mfD7RV ?

Kindly

Topic: Rumors say that David Schwartz plans to quit Ripple labs for Stellar ! (Read 3654 times)