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Topic: Stellar - page 27. (Read 521267 times)

sr. member
Activity: 433
Merit: 250
BTG CEO
July 18, 2016, 12:49:35 AM
M28MmickT: If I don't think that XRP is going to be worth much long term why do you think I should be obligated to hold on to it? I didn't start selling right when I left ripple (when I was the most angry) I gave them a year to see if things would look better but to me it still seemed like the company wouldn't last long term so it was time to sell. Of course it is impossible for me to be totally objective but I was trying to make a rational choice. But I really don't think it was emotionally driven decision which is what I think you are implying when you say it was childish.

We have done several auctions of lumens which is similar to a crowdsale. SDF is currently selling some of its lumens on kraken right now to pay for our operations. So anyone can go be an early adopter, get lumens and help SDF.

>And for the end, don't look for someone to build apps on your platform
This isn't our platform. This is owned by the world. It will be built by you guys. It is all open source and an open protocol much like bitcoin. If Stellar is going to work other people need to get involved. I think there are a lot of people out there that are dissatisfied with how money and payments work and Stellar can greatly improve things and democratize/decentralize these concentrations of power. This technology can be very liberating and empowering but it does take a community of people to contribute to it.


Thanks for your answers, at the end I believe Stellar has more future than Ripple but distribution needs to improve or make a difference from what is Ripple already, and regarding the sale of XRPs yes, but the part people thought was emotionally driven was the sale announcement not the sale act itself.

Best regards.
jed
full member
Activity: 182
Merit: 107
Jed McCaleb
July 18, 2016, 12:38:17 AM
most of the unclaimed lumens are going toward people building things: https://www.stellar.org/blog/build-challenge/


cryptoadoption: Oh mean the distribution is centralized. Yeah this is true. but it is temporary and everything else, the network and the code and the ecosystem is decentralized.
legendary
Activity: 3122
Merit: 1492
July 18, 2016, 12:00:45 AM
"October 5, 2016: The first round of the lumen giveaway to bitcoin holders will conclude. If there are unclaimed lumens, they’ll go to Stellar.org’s operational fund.

Due to regulatory restrictions, this program is closed to residents of the U.S. states of New York, Georgia, New Hampshire, and Connecticut as well as the nations of Iran, Cuba, North Korea, and other countries subject to sanctions by the United States. These restrictions are subject to change to account for changes in regulatory posture."

Why will the unclaimed lumens go to Stellar.org? Why just not touch it and leave it be if no wants it. I believe Stellar.org is getting short in funds and must find a way to get lumens without making it look bad on their side.
newbie
Activity: 37
Merit: 0
July 17, 2016, 10:08:38 PM
cryptoadoption: what part of Stellar do you think is not decentralized?

You started as a Ripple fork. Lumen distribution remains horrible and is to a large degree centrally controlled.

Your regulatory compliance efforts will ensure Stellar will never be completely decentralized. For example:

"October 5, 2016: The first round of the lumen giveaway to bitcoin holders will conclude. If there are unclaimed lumens, they’ll go to Stellar.org’s operational fund.

Due to regulatory restrictions, this program is closed to residents of the U.S. states of New York, Georgia, New Hampshire, and Connecticut as well as the nations of Iran, Cuba, North Korea, and other countries subject to sanctions by the United States. These restrictions are subject to change to account for changes in regulatory posture."

https://www.stellar.org/developers/guides/compliance-protocol.html

Perhaps what you offer will have some value to banks and corporations. Just please don't pretend that Stellar is decentralized.
jed
full member
Activity: 182
Merit: 107
Jed McCaleb
July 17, 2016, 09:30:34 PM
cryptoadoption: what part of Stellar do you think is not decentralized?
newbie
Activity: 37
Merit: 0
July 17, 2016, 08:47:42 PM
Stellar sucks for the same reason as Ripple, it is not decentralized
legendary
Activity: 1662
Merit: 1050
July 15, 2016, 12:47:55 PM
^^WTF is this? Bitcoin holders need to hand over their verified Facebook account details to you or verify themselves at participating exchanges to get claim Stellar? I mean, what kinda moronic honey-trap Stellar network is trying to become?
I guess, a better option would be allowing bitcoin holders to sign a message through their private key and claim Stellar. Something similar is possible for CLAM.

This isn't our platform. This is owned by the world. It will be built by you guys. It is all open source and an open protocol much like bitcoin. If Stellar is going to work other people need to get involved. I think there are a lot of people out there that are dissatisfied with how money and payments work and Stellar can greatly improve things and democratize/decentralize these concentrations of power. This technology can be very liberating and empowering but it does take a community of people to contribute to it.
I think, if u can rope in dooglus to allow Lumens to be used in Just-Dice alongside CLAM, it would be a great exposure for Stellar and will have a great +ve impact on price.
member
Activity: 144
Merit: 17
July 15, 2016, 12:37:10 PM
From: https://www.stellar.org/blog/bitcoin-claim-lumens/

Quote
If you’re not using an exchange, then law requires us to ensure you’re not on the U.S. sanctions list or located in any of the restricted jurisdictions listed above. We’re using Facebook account verification to complete this check.

We know this kind of sucks. Privacy is a top concern for the Bitcoin ecosystem. Stellar.org won’t use your Facebook data for any other purposes and will never post to your account. If you’d rather not share your Facebook information, you can still go through a participating exchange.

^^WTF is this? Bitcoin holders need to hand over their verified Facebook account details to you or verify themselves at participating exchanges to get claim Stellar? I mean, what kinda moronic honey-trap Stellar network is trying to become?
jed
full member
Activity: 182
Merit: 107
Jed McCaleb
July 15, 2016, 12:04:33 PM
M28MmickT: If I don't think that XRP is going to be worth much long term why do you think I should be obligated to hold on to it? I didn't start selling right when I left ripple (when I was the most angry) I gave them a year to see if things would look better but to me it still seemed like the company wouldn't last long term so it was time to sell. Of course it is impossible for me to be totally objective but I was trying to make a rational choice. But I really don't think it was emotionally driven decision which is what I think you are implying when you say it was childish.

We have done several auctions of lumens which is similar to a crowdsale. SDF is currently selling some of its lumens on kraken right now to pay for our operations. So anyone can go be an early adopter, get lumens and help SDF.

>And for the end, don't look for someone to build apps on your platform
This isn't our platform. This is owned by the world. It will be built by you guys. It is all open source and an open protocol much like bitcoin. If Stellar is going to work other people need to get involved. I think there are a lot of people out there that are dissatisfied with how money and payments work and Stellar can greatly improve things and democratize/decentralize these concentrations of power. This technology can be very liberating and empowering but it does take a community of people to contribute to it.
legendary
Activity: 1190
Merit: 1002
July 15, 2016, 11:58:38 AM
X-ray and klintay: this is why we also have this program for most of the unclaimed lumens: https://www.stellar.org/blog/build-challenge/
If you build a project on stellar you can get *a lot* of lumens
Now what is lumen ? Is it something different from XLM, which is represented here - http://coinmarketcap.com/currencies/stellar/ ? Moreover, can these be collected anytime in future against previous bitcoin holdings ?

Lumen is XLM, previously called stellar or STR

You can claim your free lumens till October 5th.

Quote
October 5, 2016: The first round of the lumen giveaway to bitcoin holders will conclude. If there are unclaimed lumens, they’ll go to Stellar.org’s operational fund.

https://www.stellar.org/blog/bitcoin-claim-lumens/

Where is claim page ?? Cant find it..
legendary
Activity: 2786
Merit: 1031
July 15, 2016, 09:26:12 AM
X-ray and klintay: this is why we also have this program for most of the unclaimed lumens: https://www.stellar.org/blog/build-challenge/
If you build a project on stellar you can get *a lot* of lumens
Now what is lumen ? Is it something different from XLM, which is represented here - http://coinmarketcap.com/currencies/stellar/ ? Moreover, can these be collected anytime in future against previous bitcoin holdings ?

Lumen is XLM, previously called stellar or STR

You can claim your free lumens till October 5th.

Quote
October 5, 2016: The first round of the lumen giveaway to bitcoin holders will conclude. If there are unclaimed lumens, they’ll go to Stellar.org’s operational fund.

https://www.stellar.org/blog/bitcoin-claim-lumens/
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
July 15, 2016, 06:07:27 AM
X-ray and klintay: this is why we also have this program for most of the unclaimed lumens: https://www.stellar.org/blog/build-challenge/
If you build a project on stellar you can get *a lot* of lumens
Now what is lumen ? Is it something different from XLM, which is represented here - http://coinmarketcap.com/currencies/stellar/ ? Moreover, can these be collected anytime in future against previous bitcoin holdings ?
sr. member
Activity: 433
Merit: 250
BTG CEO
July 15, 2016, 05:44:46 AM
Jdj1727: "So, just so I understand...On July 4th, 3 billion more STR/XLM will be hitting BTC wallets/exchanges?"
No July 5th is when we are starting the lumen giveaway to bitcoin holders. The lumens go out as people claim them. We will see how many people claim them and how long it takes but it will be at the very least over the course of weeks.

electronicash: "is there really something laid for STR holders?"
Yeah tons of things going on. Check out blog for the latest updates: https://www.stellar.org/blog/


M28MmickT: Stellar has no mining so it isn't really a premine. The currency all exists when the network starts. Details about how the lumens will be distributed are here: https://www.stellar.org/about/mandate/  
> "You should give away at least 80% of your coins if you want this project to have real success."
we are giving away 95% of the lumens so I agree with you.


btctube: "scares me to death. anyone could guess who owns that account?"
What account?






Thankyou for responding me, it speaks well of a Dev, now continuing the questions what about the ripple dump? ,
I did not say it was bad to announce it, what is bad was the dump itself, you already had made alot before it because at first months price was 5k/ BTC , it semmed like you wanted to destroy the project with that action rather than taking "your profit" and that was because of internal disputes common users doesnt care at all.

That action was very inmature, people had no fault on your internal disputes, not even banks do that when they change their owner.

And regarding the premine, I believe you should had made a crowdsale with stellar to get better and fast distribution instead of doing the same than with ripple, your mode of distribution take years to get it well distributed without people holding amounts capable of crashing the price to 0 at any moment, if you still have billions why dont you make a crowdsale now? Looks less fishy than your way of distribution.

And for the end, don't look for someone to build apps on your platform, why dont you better build them yourself and your hired staff you have 3 millions USD from Stripe. Have a nice day Mr. Mccaleb
legendary
Activity: 1148
Merit: 1048
July 13, 2016, 10:41:29 AM
It's a nice gesture but it's not currently easy for people to 'claim' Lumens. Plenty of people want to claim but depending on which wallet software they use have to track down their addresses, figure out which wallet supports signatures, import into that wallet and then sign each one individually. It's cumbersome and not sure why it has to be 'that' cumbersome.

(Note: Some people can't even claim Lumens at all because of their wallet-type, ex. coinbase, circle, and other wallets that don't support signatures). I just can't help but feel there were more efficient ways to do this than this method which wants to target bitcoin holders specifically and that this was a way for the company to 'get' lumens, knowing that plenty of people wouldn't be able to claim by default giving it to stellar.

Also it doesn't worth it, it's something like 30 cents for every bitcoin, the majority of us don't even have one bitcoin, plus doesn't seem fair, an institution trying to help the 3rd world just giving more money to people who already have a lot of money.

Clams distribution was way better.

I never followed up on this, the redemption at least, as I specifically wasn't holding a ton of coin during the 'airdrop' and didn't move.my coins to new addresses with a key I wouldn't mind sharing. So this amounted to 30 cents per Bitcoin? This doesn't seem like anyone got too many of these then, I understand why the price didn't react.
jed
full member
Activity: 182
Merit: 107
Jed McCaleb
July 13, 2016, 10:37:35 AM
X-ray and klintay: this is why we also have this program for most of the unclaimed lumens: https://www.stellar.org/blog/build-challenge/
If you build a project on stellar you can get *a lot* of lumens
legendary
Activity: 1775
Merit: 1032
Value will be measured in sats
July 13, 2016, 07:29:22 AM
It's a nice gesture but it's not currently easy for people to 'claim' Lumens. Plenty of people want to claim but depending on which wallet software they use have to track down their addresses, figure out which wallet supports signatures, import into that wallet and then sign each one individually. It's cumbersome and not sure why it has to be 'that' cumbersome.

(Note: Some people can't even claim Lumens at all because of their wallet-type, ex. coinbase, circle, and other wallets that don't support signatures). I just can't help but feel there were more efficient ways to do this than this method which wants to target bitcoin holders specifically and that this was a way for the company to 'get' lumens, knowing that plenty of people wouldn't be able to claim by default giving it to stellar.

In their defense they did announce it months ago.
But yes it was so wrong how they spread it. It would be better to
Total BTC amount claimed / Total Stellar Give Away

Instead of
Total BTC/Total Claim / Total Stellar Give Away

Now 90% of those 3 billion coins goes to... Them.
i could agree with this, why the heck people who owning 10btc only get 1,911.72 lumens which is only .0000649% of total lumens,and even worst with those who own only a little bit,maybe this giveaway only specialized for the rich,and i can't even sure the lumens will be claimed more than 3% of total

Its true...I am not even going to bother redeeming...
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
July 13, 2016, 07:11:13 AM
It's a nice gesture but it's not currently easy for people to 'claim' Lumens. Plenty of people want to claim but depending on which wallet software they use have to track down their addresses, figure out which wallet supports signatures, import into that wallet and then sign each one individually. It's cumbersome and not sure why it has to be 'that' cumbersome.

(Note: Some people can't even claim Lumens at all because of their wallet-type, ex. coinbase, circle, and other wallets that don't support signatures). I just can't help but feel there were more efficient ways to do this than this method which wants to target bitcoin holders specifically and that this was a way for the company to 'get' lumens, knowing that plenty of people wouldn't be able to claim by default giving it to stellar.

In their defense they did announce it months ago.
But yes it was so wrong how they spread it. It would be better to
Total BTC amount claimed / Total Stellar Give Away

Instead of
Total BTC/Total Claim / Total Stellar Give Away

Now 90% of those 3 billion coins goes to... Them.
i could agree with this, why the heck people who owning 10btc only get 1,911.72 lumens which is only .0000649% of total lumens,and even worst with those who own only a little bit,maybe this giveaway only specialized for the rich,and i can't even sure the lumens will be claimed more than 3% of total
sr. member
Activity: 338
Merit: 250
July 13, 2016, 06:43:42 AM
I have a small amount of BTC with Polo. But sadly Polo has not yet integrated with lumens  yet. So noone of us who hold BTC in Polo wont be able to claim it.

Does anyone know whether Bittrex or any other exchange has integrated lumens giveaway yet?

Polo is participating in the giveaway, but I'm not sure when they will be disbursing the coins. Bittrex has yet to confirm that they are participating. Your best bet is probably just to wait on Polo.
full member
Activity: 122
Merit: 100
July 13, 2016, 06:41:01 AM
I have a small amount of BTC with Polo. But sadly Polo has not yet integrated with lumens  yet. So noone of us who hold BTC in Polo wont be able to claim it.

Does anyone know whether Bittrex or any other exchange has integrated lumens giveaway yet?
hero member
Activity: 616
Merit: 500
July 11, 2016, 06:55:36 AM
I earning with stellar 0.1 btc a 2 years ago,that is my best opinion with altcoins Smiley
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