Topic: Stellar - page 51. (Read 521267 times)
20% giveaway is just horrible. Prices will surely tank then.
Lets see how the giveaway goes.
Currently the distribution of Stellar is even worse than that of Ripple. Unless they distribute most of the held share there is no reason to choose Stellar over Ripple. We would do better to wait for another fork which distributed well.
Currently the distribution of Stellar is even worse than that of Ripple. Unless they distribute most of the held share there is no reason to choose Stellar over Ripple. We would do better to wait for another fork which distributed well.
I know what you mean but yeah lets give it some time and see how it goes. One point is true, there are opportunities to be made trading these things in the short term even if they eventually fail.
Personally i love ripple and stellar and always have. ripple trading system is looking very nice these days.
STR BTC giveaway details will be announced soon
Lets see how the giveaway goes.
Currently the distribution of Stellar is even worse than that of Ripple. Unless they distribute most of the held share there is no reason to choose Stellar over Ripple. We would do better to wait for another fork which distributed well.
Currently the distribution of Stellar is even worse than that of Ripple. Unless they distribute most of the held share there is no reason to choose Stellar over Ripple. We would do better to wait for another fork which distributed well.
Stellar giveaway,how to get that
downward pressure will begin again very soon with the giveaway...it lasts 2 months starting in January 
https://www.stellar.org/stats/
Total stellars 100,458,735,729
stellars given away 1,553,760,675
The amount of stellars given away is still only 1%+, there's a huge chance that the price will keep going up
stellars given away 1,553,760,675
stellars that will be given away from Jan/Feb 2015 (bitcoin give away): 20% of total stellars or 20,000,000,000
The supply is about to increase massively...about 1500% increase infact. most of those people will not hold it but sell. there is a huge chance the price will drop significantly now
Yes a massive dump will be quite possible.
downward pressure will begin again very soon with the giveaway...it lasts 2 months starting in January
https://www.stellar.org/stats/
Total stellars 100,458,735,729
stellars given away 1,553,760,675
The amount of stellars given away is still only 1%+, there's a huge chance that the price will keep going up
downward pressure will begin again very soon with the giveaway...it lasts 2 months starting in January
https://www.stellar.org/stats/
Total stellars 100,458,735,729
stellars given away 1,553,760,675
The amount of stellars given away is still only 1%+, there's a huge chance that the price will keep going up
stellars given away 1,553,760,675
stellars that will be given away from Jan/Feb 2015 (bitcoin give away): 20% of total stellars or 20,000,000,000
The supply is about to increase massively...about 1500% increase infact. most of those people will not hold it but sell. there is a huge chance the price will drop significantly now
downward pressure will begin again very soon with the giveaway...it lasts 2 months starting in January
https://www.stellar.org/stats/
Total stellars 100,458,735,729
stellars given away 1,553,760,675
The amount of stellars given away is still only 1%+, there's a huge chance that the price will keep going up
downward pressure will begin again very soon with the giveaway...it lasts 2 months starting in January
Let me guess, any unclaimed stellars under the bitcoin program a go back into the operational fund.....
nope. it will be given away nevertheless. check out their mandate at stellar.org.
Let me guess, any unclaimed stellars under the bitcoin program a go back into the operational fund.....
STR is heating up, I predict we're going back up to 2k by the end of the week...
I keep holding my STR till next year
I keep holding my STR till next year
Quote
Bitcoin program
20% of the initial stellars are set aside to be distributed to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders).
We will take a snapshot of the bitcoin blockchain at a particular date and will set up a claim page that will allow bitcoin holders to receive their pro-rata share of the stellars reserved under this program by verifying they control their address from that blockchain snapshot. For example, a user owning .001% of the bitcoins in the blockchain snapshot would receive .001% of the stellars set aside for bitcoin holders under this program, or 190,000 stellars.
For bitcoin holders, distribution will begin within 6 months after Stellar is open to the public. The Foundation will maintain this claim site for at least 3 months.
20% of the initial stellars are set aside to be distributed to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders).
We will take a snapshot of the bitcoin blockchain at a particular date and will set up a claim page that will allow bitcoin holders to receive their pro-rata share of the stellars reserved under this program by verifying they control their address from that blockchain snapshot. For example, a user owning .001% of the bitcoins in the blockchain snapshot would receive .001% of the stellars set aside for bitcoin holders under this program, or 190,000 stellars.
For bitcoin holders, distribution will begin within 6 months after Stellar is open to the public. The Foundation will maintain this claim site for at least 3 months.
https://www.stellar.org/about/mandate/
Let me get this straight:
1. If a bitcoin holder wants to buy STR now, they shouldn't bother, they will get STR anyway. If they buy STR now, they will lose their free STR later and worse, the STR they buy now will be devalued by those getting free STR and dumping them.
2. Exchanges will end up with free STR and the actual owners of the BTC held by those exchanges won't see a single STR.
3. Satoshi could claim most of the 19% giveaway
Please tell me someone has thought this through and I'm being completely clueless about the carnage that is about to happen.
edit
looks like others think the price will collapse for an extended period
https://stellartalk.org/topic/6490-bitcoin-program-and-stellar-price/
Hi, I have a couple of questions.
Regarding the XRP and BTC giveaway of 20% of str coins planning to happen before 31 january 2015, when I am right.
1. What happens to unclaimed coins?
2. Being a substantial holder of STR, I am really afraid for a big proce drop after the giveaway, is this a legitimate concern?
Curious to know your ideas?
Regarding the XRP and BTC giveaway of 20% of str coins planning to happen before 31 january 2015, when I am right.
1. What happens to unclaimed coins?
2. Being a substantial holder of STR, I am really afraid for a big proce drop after the giveaway, is this a legitimate concern?
Curious to know your ideas?
1. Not too sure about that. I would guess the foundation will keep them and find another way to distribute them.
2. Most of the people expect a sharp price drop after the giveaway (which is possible). But I have also learned that the majority is almost always wrong.
I agree, funny thing is, when everyone is afraid of a pricedrop and because of that not buying at the moment, the opposite could be true. Very probable, might be to see a bottom just before the 20% giveaway.
Be afraid. Be very afraid.
People get paid early at Christmas, and they also spend far too much. The need to liquidate to get some funds will be widespread.
Hi, I have a couple of questions.
Regarding the XRP and BTC giveaway of 20% of str coins planning to happen before 31 january 2015, when I am right.
1. What happens to unclaimed coins?
2. Being a substantial holder of STR, I am really afraid for a big proce drop after the giveaway, is this a legitimate concern?
Curious to know your ideas?
Regarding the XRP and BTC giveaway of 20% of str coins planning to happen before 31 january 2015, when I am right.
1. What happens to unclaimed coins?
2. Being a substantial holder of STR, I am really afraid for a big proce drop after the giveaway, is this a legitimate concern?
Curious to know your ideas?
1. Not too sure about that. I would guess the foundation will keep them and find another way to distribute them.
2. Most of the people expect a sharp price drop after the giveaway (which is possible). But I have also learned that the majority is almost always wrong.
I agree, funny thing is, when everyone is afraid of a pricedrop and because of that not buying at the moment, the opposite could be true. Very probable, might be to see a bottom just before the 20% giveaway.
Warning: There's a phishing site. Here's the link: http://launch-stellar.co.nf/#/login → DO NOT ENTER YOUR PASSWORD IN THIS LINK! Check the link every time you are logging into your wallet..
Hi, I have a couple of questions.
Regarding the XRP and BTC giveaway of 20% of str coins planning to happen before 31 january 2015, when I am right.
1. What happens to unclaimed coins?
2. Being a substantial holder of STR, I am really afraid for a big proce drop after the giveaway, is this a legitimate concern?
Curious to know your ideas?
Regarding the XRP and BTC giveaway of 20% of str coins planning to happen before 31 january 2015, when I am right.
1. What happens to unclaimed coins?
2. Being a substantial holder of STR, I am really afraid for a big proce drop after the giveaway, is this a legitimate concern?
Curious to know your ideas?
As this is not the main Stellar thread, I hope you don't mind if I ask a few questions, some of which might be difficult, some just plain noobish to the Stellar approach.
I have been to a few meetings with bankers that made their living moving money for Wal-Mart into China to pay for goods. As you may know WalMart buys a significant proportion of its goods from China so it transacts $billions through the banking system. WalMart move so much money they can do so almost at cost.
Stellar is not really for big businesses. It does make sense for the majority of the market, the SME banking system and possibly the remittances market. Big businesses might be interested if it means they can trust Stellar and remove their cost of maintaining their own networks, but that carries various risks including regulatory risks.
But why isn't Stellar subject to regulations?
The only way I can think it would avoid being a regulated entity is if Stellar is a payment gateway where funds are never at risk. Clearly the recent forks demonstrate that funds might be at risk. If there is a chance that trusted funds might not make it to the other end of a transaction then Stellar needs to be regulated and not in just one jurisdiction but in every country that connects through Stellar. Surely?
What makes you think Stellar is not subject to regulations?I have been to a few meetings with bankers that made their living moving money for Wal-Mart into China to pay for goods. As you may know WalMart buys a significant proportion of its goods from China so it transacts $billions through the banking system. WalMart move so much money they can do so almost at cost.
Stellar is not really for big businesses. It does make sense for the majority of the market, the SME banking system and possibly the remittances market. Big businesses might be interested if it means they can trust Stellar and remove their cost of maintaining their own networks, but that carries various risks including regulatory risks.
But why isn't Stellar subject to regulations?
The only way I can think it would avoid being a regulated entity is if Stellar is a payment gateway where funds are never at risk. Clearly the recent forks demonstrate that funds might be at risk. If there is a chance that trusted funds might not make it to the other end of a transaction then Stellar needs to be regulated and not in just one jurisdiction but in every country that connects through Stellar. Surely?
Nothing stands out in their T&Cs
https://www.stellar.org/terms-of-service/
edit
Ripple doesn't seem to be regulated, but it looks like Ripple is thinking about the need to be regulated.
https://ripple.com/bitlicense-how-ripple-labs-approaches-regulations/
As this is not the main Stellar thread, I hope you don't mind if I ask a few questions, some of which might be difficult, some just plain noobish to the Stellar approach.
I have been to a few meetings with bankers that made their living moving money for Wal-Mart into China to pay for goods. As you may know WalMart buys a significant proportion of its goods from China so it transacts $billions through the banking system. WalMart move so much money they can do so almost at cost.
Stellar is not really for big businesses. It does make sense for the majority of the market, the SME banking system and possibly the remittances market. Big businesses might be interested if it means they can trust Stellar and remove their cost of maintaining their own networks, but that carries various risks including regulatory risks.
But why isn't Stellar subject to regulations?
The only way I can think it would avoid being a regulated entity is if Stellar is a payment gateway where funds are never at risk. Clearly the recent forks demonstrate that funds might be at risk. If there is a chance that trusted funds might not make it to the other end of a transaction then Stellar needs to be regulated and not in just one jurisdiction but in every country that connects through Stellar. Surely?
What makes you think Stellar is not subject to regulations? I have been to a few meetings with bankers that made their living moving money for Wal-Mart into China to pay for goods. As you may know WalMart buys a significant proportion of its goods from China so it transacts $billions through the banking system. WalMart move so much money they can do so almost at cost.
Stellar is not really for big businesses. It does make sense for the majority of the market, the SME banking system and possibly the remittances market. Big businesses might be interested if it means they can trust Stellar and remove their cost of maintaining their own networks, but that carries various risks including regulatory risks.
But why isn't Stellar subject to regulations?
The only way I can think it would avoid being a regulated entity is if Stellar is a payment gateway where funds are never at risk. Clearly the recent forks demonstrate that funds might be at risk. If there is a chance that trusted funds might not make it to the other end of a transaction then Stellar needs to be regulated and not in just one jurisdiction but in every country that connects through Stellar. Surely?
Jump to: