Stellar - page 119. | Bitcointalksearch.org

TwinWinNerD

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Quote from: instacalm on August 04, 2014, 05:11:01 PM

Quote from: str4wm4n on August 04, 2014, 05:10:22 PM

still 75,145 Facebook auths is pretty impressive in my opinion

+1

Quote from: TwinWinNerD on August 04, 2014, 05:07:48 PM

Also, don't underestimate the huuuge amount of fake accounts. Some guys already had >2000000 2 days ago.

It has been on YCombinator's front page for 2 days and promoted by Stripe: https://news.ycombinator.com/item?id=8114901

That's a lot of publicity and attracts a huge userbase. Not saying there are no fake accounts. One would have to buy phone-verified FB accounts combined with a lot of manual work to make large amounts of Stellar that way, though.

No doubt, just saying that 75000 accounts =/= 75000 people. I'd bet 1/3 atleast is fake.

Also there are FB account "bot"-nets that are used for upvoting and liking on FB. Those can claim those stakes too. (I have no verified phone and was able to claim)

TwinWinNerD

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Quote from: profitofthegods on August 04, 2014, 05:15:41 PM

Quote from: TwinWinNerD on August 04, 2014, 04:54:27 PM

Quote from: instacalm on August 04, 2014, 04:52:21 PM

Quote from: TwinWinNerD on August 04, 2014, 04:51:59 PM

You realize, that all Stellars will be distributed?

yes

Just making sure, because your argumentation was seriously flawed. But if you know realize what will eventually happen and how much money will be needed to hold current evaluation of 1 Stellar, then go for it!

The market cap issue is interesting, because you don't actually need money coming in for this, you only need current owners to not sell for any less. If STR is distributed very widely to lots of people who all have a small amount, then even at a very high price many people may think they will hold onto them just to see what happens rather than selling, because just $10 or whatever is not such a huge temptation for them to cash out.

That logic is also faulty. The Bitcoin Airdrop distribution will give users $100s of free stellars. In total XX$ millions will be distributed with the current valuation.

Magic8Ball

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Quote from: profitofthegods on August 04, 2014, 05:15:41 PM

Quote from: TwinWinNerD on August 04, 2014, 04:54:27 PM

Quote from: instacalm on August 04, 2014, 04:52:21 PM

Quote from: TwinWinNerD on August 04, 2014, 04:51:59 PM

You realize, that all Stellars will be distributed?

yes

Just making sure, because your argumentation was seriously flawed. But if you know realize what will eventually happen and how much money will be needed to hold current evaluation of 1 Stellar, then go for it!

The market cap issue is interesting, because you don't actually need money coming in for this, you only need current owners to not sell for any less. If STR is distributed very widely to lots of people who all have a small amount, then even at a very high price many people may think they will hold onto them just to see what happens rather than selling, because just $10 or whatever is not such a huge temptation for them to cash out.

Lots are getting for free, so once price starts dropping they will make a beeline. After all its free money, why not just get it before the hype dies.

Its being held up now by the hype, its going to collapse soon.

profitofthegods

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Quote from: TwinWinNerD on August 04, 2014, 04:54:27 PM

Quote from: instacalm on August 04, 2014, 04:52:21 PM

Quote from: TwinWinNerD on August 04, 2014, 04:51:59 PM

You realize, that all Stellars will be distributed?

yes

Just making sure, because your argumentation was seriously flawed. But if you know realize what will eventually happen and how much money will be needed to hold current evaluation of 1 Stellar, then go for it!

The market cap issue is interesting, because you don't actually need money coming in for this, you only need current owners to not sell for any less. If STR is distributed very widely to lots of people who all have a small amount, then even at a very high price many people may think they will hold onto them just to see what happens rather than selling, because just $10 or whatever is not such a huge temptation for them to cash out.

redsn0w

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#Free market

Quote from: str4wm4n on August 04, 2014, 05:10:22 PM

Quote from: TwinWinNerD on August 04, 2014, 05:07:48 PM

Also, don't underestimate the huuuge amount of fake accounts. Some guys already had >2000000 2 days ago.

still 75,145 Facebook auths is pretty damn impressive in my opinion

All of these account in less than a week, it is a record Roll Eyes

instacalm

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Quote from: str4wm4n on August 04, 2014, 05:10:22 PM

still 75,145 Facebook auths is pretty impressive in my opinion

+1

Quote from: TwinWinNerD on August 04, 2014, 05:07:48 PM

Also, don't underestimate the huuuge amount of fake accounts. Some guys already had >2000000 2 days ago.

It has been on YCombinator's front page for 2 days and promoted by Stripe: https://news.ycombinator.com/item?id=8114901

That's a lot of publicity and attracts a huge userbase. Not saying there are no fake accounts. One would have to buy phone-verified FB accounts combined with a lot of manual work to make large amounts of Stellar that way, though.

edit: it is also on http://thenextweb.com/insider/2014/08/01/stellar-open-source-solution-international-money-transfers-currency/ etc.

str4wm4n

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Quote from: TwinWinNerD on August 04, 2014, 05:07:48 PM

Also, don't underestimate the huuuge amount of fake accounts. Some guys already had >2000000 2 days ago.

still 75,145 Facebook auths is pretty damn impressive in my opinion

TwinWinNerD

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Also, don't underestimate the huuuge amount of fake accounts. Some guys already had >2000000 2 days ago.

vijayjolly

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I heard they reduced the giveaway.

instacalm

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Quote from: alani123 on August 04, 2014, 04:56:13 PM

Let's see how long it lasts and where it'll go.

All I said was that there's lots of space (for its price) to grow . I did not say it would hold its value up to its full distribution.

At current rate of 0.0000058 and BTC price, all 100,076,310,224 Stellars would sum up to ~340'991'530$, approx 4.42% of Bitcoin's market cap.

The rate it is distributing at is remarkable. Probably lots of people with FB accounts attracted to some free virtual currency. Perhaps a large chunk of them are not even into Bitcoin.

alani123

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Quote from: instacalm on August 04, 2014, 04:48:23 PM

Quote from: Magic8Ball on August 04, 2014, 04:47:00 PM

The supply is huge so prices will collapse anyway. Might get a few then if it shows any promise.

Current market cap:

249,737,500¹ * ~0.0000058 = ~1448 BTC = only ~847'208$.

Lots of space to grow.

You think so? I don't. At the moment it's only the hype that keeps the price up there.

People are dumping BTC into stellar because they get promises and think it has potential. It's shouldn't be that big at the moment by no means. At the moment it's nothing more than some units distributed through a central website for free to people that sign up with a facebook account. I say god bless stellar's marketing. Let's see how long it lasts and where it'll go. And I'm not 100% negative about it's future. It sounds somewhat interesting indeed. I just think that it's too early. Maybe there will be a quite big price drop after the first buy in hype.

TwinWinNerD

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Quote from: instacalm on August 04, 2014, 04:52:21 PM

Quote from: TwinWinNerD on August 04, 2014, 04:51:59 PM

You realize, that all Stellars will be distributed?

yes

Just making sure, because your argumentation was seriously flawed. But if you know realize what will eventually happen and how much money will be needed to hold current evaluation of 1 Stellar, then go for it!

instacalm

hero member

Activity: 798

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Quote from: TwinWinNerD on August 04, 2014, 04:51:59 PM

You realize, that all Stellars will be distributed?

yes

TwinWinNerD

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Quote from: instacalm on August 04, 2014, 04:48:23 PM

Quote from: Magic8Ball on August 04, 2014, 04:47:00 PM

The supply is huge so prices will collapse anyway. Might get a few then if it shows any promise.

Current market cap:

249,737,500¹ * ~0.0000058 = ~1448 BTC = only ~847'208$.

Lots of space to grow.

You realize, that all Stellars will be distributed?

If there is a company and only 0.1% are traded, then its market cap is not price*0.1%*total amount of shares, but price*total amount of shares.

In this case, it is 100% expected that all 100 Bln will move onto the market, so the 250m number is just sand in the wind.

instacalm

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Quote from: Magic8Ball on August 04, 2014, 04:47:00 PM

The supply is huge so prices will collapse anyway. Might get a few then if it shows any promise.

Marketcap as of posting:

249,737,500 (https://www.stellar.org/stats) * ~0.0000058 = ~1448 BTC = ~847'208$.

Lots of space to grow. Wink

Magic8Ball

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I am not giving up my phone number. I will see if I can get in other ways.

The supply is huge so prices will collapse anyway. Might get a few then if it shows any promise.

redsn0w

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#Free market

Quote from: instacalm on August 04, 2014, 04:20:48 PM

Quote from: randayh on August 04, 2014, 04:17:06 PM

I will send $1 per every 1000 Stellar to your paypal address. You will need to PM me your paypal address.

1000 stellar cost about 0.00539 BTC = 3,17$ at current market price

yes now the price is 3 $ - 3,50 $ for 1000 stellar! You're too late!

instacalm

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Quote from: randayh on August 04, 2014, 04:17:06 PM

I will send $1 per every 1000 Stellar to your paypal address. You will need to PM me your paypal address.

1000 stellar cost about 0.00539 BTC = 3,17$ at current market price

randayh

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If you signup and then authenticate with your facebook account. They will give you 4000 Free Stellar coins.

If you send the stellars to me at address gUYGMtmNB9ne5d9QDSycb39fB5VGc9sSEg

I will send $1 per every 1000 Stellar to your paypal address. You will need to PM me your paypal address.

instacalm

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Quote from: Marbit on August 04, 2014, 03:45:16 PM

So, I signed up 1-2 days ago and got wait-listed, have not received. Will I get the full amount? Or is it cut down to 2250 or whatever?

Hi Marbit, see here:

Quote from: HostFat on August 04, 2014, 02:20:42 PM

Quote from: FFrost on August 04, 2014, 02:15:10 PM

6000 stellars? Only received 2250 what's going on?

https://forum.stellar.org/t/stellar-updates/1026

Quote

August 4, 2014
As planned, the stellar distribution amounts will now adjust to market prices starting today. The distribution amount for each person is approximately $10 so that we can reach as many folks as possible. NOTE: Everyone who is wait listed will receive the stellar amount in effect at the time they signed up, not the time they are taken off wait list.

Also, to reiterate a change from yesterday, the stellar amount distributed on sign up is now staggered so that everyone who signs up receives some of their stellars now and the remainder later. This change was implemented so that we can keep the distribution running in a stable and scalable manner. Thanks everyone!

Topic: Stellar - page 119. (Read 521267 times)