Topic: Stellar - page 42. (Read 521248 times)

not too sure about this new protocol but it should be seconds. When I transferred with their old system it took about 10-30 seconds...

http://www.coindesk.com/stellar-founder-jed-mccaleb-new-protocol/

What is the latency (block confirmation time)?

It just got bought  

Date                                     Price                       Total STR                   Total BTC
2015-04-12 02:52:05   Buy      0.00001219            13839285.29092780   168.70088769


gone now...10...9...8...7...6...5...4...3...2...1....LIFT OFF!!!

Someone who doesn't care if that wall drives the price down, he just want to get rid of his 200BTC worth of Stellars.

he means to use = sign... i think they are arrows not greater than 

Who has the big sell wall on Poloniex?

SELL Price                         STR                           BTC
0.00001219                  16200000.00000000   197.47800000

https://poloniex.com/exchange#btc_str

Bitcoin has an official foundation, but it has run out of money. Will Ripple foundation not have this problem? Can it draw funds from the premine?

Because Ripple was pre-mined it is a scam? Wow some people are ignorant.

Yes I got some Ripple left and right, but the consensus is good.

Have an official foundation control the coin.

Member scams are so 2011. How many foundation scam did we have? How many foundation 'dumps' did we have?

Most people here are totally lost in what crypto is and it's purpose... Payments from A to B with low cost and fast. BAM there you got it.

While Stellar for me (also invested) is just another alt, Ripple is more (opened a new office the other day).

From all the coins, even Google Ventures and many reputable investors stepped in.

Critism > Good
Bogus talk > not good

another pre-mined POS scamcoin

lets see how much the initial bagholders make this time

Again, we'll see...  I am open to both possibilities.  If it works, good.  If not, oh well...

But it doesn't mean it won't work just because some random internet post said so.

And who's Professor Bitcorn?  rofl!

Just because a professor built it does not mean it will work well. Professor Bitcorn is a professor but his prediction of bitcoin's price was hopelessly wrong.

It does! I'm out...

It's the same security model that Ripple was initially advertised to have, but which didn't actually work in practice. The mechanism and conditions appear to be slightly different, and the requirements actually (somewhat) defined, but the fundamental concern remains.

I pointed out back in 2013 that the result of the OpenCoin Ripple model would either result in centralization or a total failure of consensus; and pushed them to formalize their requirements and to specify a procedure that might actually cause them to be met.  They didn't. When Ripple was deployed the outcome was centralization, and when they repeated the experiment with Stellar the system spontaneously failed.

Just as with ripple back in 2013 the new Stellar proposal is unable to answer the basic questions about how we can know or guarantee anything about the security of the system.  Mazieres and Vitalik describe it as leaving it up to the market and think it will work out. I think it would better be described as leaving security up to chance. And the chances don't look good: leaving it up to the users to ensure a safe and decentralized topology has already failed in practice with a highly similar system _twice_.

I pay attention to these things because I hope to see useful things invented and deployed (for their own sake, and so I can use them in my own project); I also pay attention because I'm concerned about blow-back. _Currently_ people are free to do what they want, here there is tremendous information asymmetry and a host of incentives which are at odds with the public interest (including the fact that the few people like me who can clearly see the problems, have every incentive to say nothing at all; much less enough to be anything but a reed in the wind against a massively funded PR effort); and these efforts raise problems across several domains of law.  The result may well be some crazy efforts to regulate the space as a result, which would harm everyone.

When exactly?

Yeah...  We'll see.  The new protocol goes online soon.

With his algorithm—dubbed federated byzantine agreement—Mazières builds trust in a very different way. In short, he knits together a large trusted network from smaller trusted networks. In joining the network, you connect to people you know and trust. They, in turn, connect to machines they trust. And so on. If the system can show that none of the small quorums are separated from the rest, then we can all trust the larger whole. “As an individual, I choose users that I can trust and those users do the same,” Boneh explains. “If we can achieve that combinatorial property, we can achieve consensus.”

http://www.wired.com/2015/04/stanford-prof-builds-algorithm-internet-money/

Sounds like bullshit!

Anything can happen.  Even shitcoins could go up more than 300%. 

What was that?  STR a shitcoin???

Then it could go up 300% then... 

Interesting discussion between gmaxwell and David Mazières:
https://news.ycombinator.com/item?id=9341687

Stellar has build a new consensus algorithm:
https://www.stellar.org/galaxy/

It seems that it isn't any more a fork of ripple.

http://www.wired.com/2015/04/stanford-prof-builds-algorithm-internet-money/

I would sell STR and buy at lower price. 300% increase is not going to happen I guess, Lots of people waiting to dump when price goes up.

But what if STR surges up 300% without dropping?