Topic: Stellar Lumens [XLM] creator explains his tiffs with Ripple [XRP] b4 quitting (Read 154 times)
March 29, 2018, 11:20:10 AM
Strange to hear such things from one of the creators of most centralized crypto coin;) Imho XLM is much the saim as XRP but all this covered by clever words)
March 29, 2018, 11:04:37 AM
Total supply of XLM is 103.8 billion, there are 18.5 billion in circulation and it is not a mineable coin.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
New XLM coins are generated every day. It's part of the code. I think it's +2% annually. So, nobody holds 85 Billion XLM, they currently are non existant.
That is not true, the new coins are on top of the 100 billion that were made in 2014:
Quote
https://www.stellar.org/lumens
In 2014 the Stellar network launched with 100 billion stellars, the original name of the network’s native asset.
In 2014 the Stellar network launched with 100 billion stellars, the original name of the network’s native asset.
So who holds 85 billion XLMs? How is this decentralized?
March 29, 2018, 06:29:53 AM
Total supply of XLM is 103.8 billion, there are 18.5 billion in circulation and it is not a mineable coin.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
New XLM coins are generated every day. It's part of the code. I think it's +2% annually. So, nobody holds 85 Billion XLM, they currently are non existant.
March 29, 2018, 06:05:54 AM
Total supply of XLM is 103.8 billion, there are 18.5 billion in circulation and it is not a mineable coin.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
I think XLM themselves own that, they plan on giving lots of those coins away for free to poor africans.
March 29, 2018, 05:54:12 AM
Total supply of XLM is 103.8 billion, there are 18.5 billion in circulation and it is not a mineable coin.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
Who holds 85 billion XLMs?
The answer is needed to determine the level of XLM decentralization.
March 29, 2018, 05:27:39 AM
Well isn't ripple trying to aim for making bank transactions super fast and little fees? Doesn't seem like they aren't aiming for decentralization and instead want to work for banks.
I think they still have plans much like IOTA to decentralize.
March 29, 2018, 04:36:53 AM
Well isn't ripple trying to aim for making bank transactions super fast and little fees? Doesn't seem like they aren't aiming for decentralization and instead want to work for banks.
March 29, 2018, 12:38:19 AM
https://bitcoinwarrior.net/2018/03/stellar-lumens-xlm-creator-explains-his-tiffs-with-ripple-xrp-before-quitting-it/
Quote
The co-founder of Ripple and creator of Mt. Gox exchange which was sold in 2011, Jed McCaleb explains why he parted ways with Ripple. He claims that a decentralized network is necessary for a cryptocurrency to be successful in the long run. He split off from Ripple and formed Stellar later in 2014.
According to him, a centralized financial payment system will be no better than PayPal or Swift. He told CNBC’s “Fast Money” on Friday that decentralization creates a path for network growth and ubiquity.
During the same, he also expressed his beliefs stating:
“SIMILAR TO THE INTERNET, THE REAL VISION IS THAT YOU HAVE A NETWORK THAT ANYONE CAN PARTICIPATE IN. THERE IS NO SINGLE CENTRAL ENTITY THAT CAN DECIDE ABOUT STARTING THE CHARGING. THIS WAY WE CAN ACTUALLY GROW AND REACH UBIQUITY. THAT’S THE KEY THING TO TASTE SUCCESS WITH THESE THINGS.”
Jed has been a pioneer on many fronts in the crypto and blockchain world. He blasted Rippled while he explained the reasons for quitting there and starting his own in the same year. After disagreements about his views on how Ripple should operate, he waved goodbye forever only for the betterment of his own. At one point, he was frustrated with Ripple as he saw it lacked vital decentralization.
He expressed regarding this earlier:
“IT’S VERY HARD TO RUN NODES OUTSIDE OF RIPPLE LABS. THE TEAM IS RUNNING THE MAJORITY OF THE NODES, WHICH SHOULD BE CONCERNING FOR PEOPLE.”
The discussion extended turning towards his current project, Stellar where he explained the importance of maintaining nonprofit status in a crypto company. This is what the Stellar Foundation follows when compared to the non-profit origin of the internet.
Stellar Lumens is currently trading at $0.223 and has been increasing considerably recently. XLM is ranked 8th among the largest cryptocurrencies by a market capital which is worth $4 billion. The transaction time is less than 5 seconds which is way faster than the crypto leader Bitcoin, Jed noted.
Paulo, a Stellar Lumens investor and Jed’s follower says:
“JED IS AN EXAMPLE OF DETERMINATION AND PASSION. YOU HAVE BEEN INSPIRING ME WITH YOUR WORK AND THE WAY YOU KEEP YOURSELF MOTIVATED IS TRULY COMMENDABLE. WE ARE SURE STELLAR WILL GROW BIGGER AND KEEP GETTING BETTER IN THE COMING DAYS. GOOD LUCK BUDDY, WE ARE WITH YOU.”
The post Stellar Lumens [XLM] creator explains his tiffs with Ripple [XRP] before quitting it appeared first on AMBCrypto.
According to him, a centralized financial payment system will be no better than PayPal or Swift. He told CNBC’s “Fast Money” on Friday that decentralization creates a path for network growth and ubiquity.
During the same, he also expressed his beliefs stating:
“SIMILAR TO THE INTERNET, THE REAL VISION IS THAT YOU HAVE A NETWORK THAT ANYONE CAN PARTICIPATE IN. THERE IS NO SINGLE CENTRAL ENTITY THAT CAN DECIDE ABOUT STARTING THE CHARGING. THIS WAY WE CAN ACTUALLY GROW AND REACH UBIQUITY. THAT’S THE KEY THING TO TASTE SUCCESS WITH THESE THINGS.”
Jed has been a pioneer on many fronts in the crypto and blockchain world. He blasted Rippled while he explained the reasons for quitting there and starting his own in the same year. After disagreements about his views on how Ripple should operate, he waved goodbye forever only for the betterment of his own. At one point, he was frustrated with Ripple as he saw it lacked vital decentralization.
He expressed regarding this earlier:
“IT’S VERY HARD TO RUN NODES OUTSIDE OF RIPPLE LABS. THE TEAM IS RUNNING THE MAJORITY OF THE NODES, WHICH SHOULD BE CONCERNING FOR PEOPLE.”
The discussion extended turning towards his current project, Stellar where he explained the importance of maintaining nonprofit status in a crypto company. This is what the Stellar Foundation follows when compared to the non-profit origin of the internet.
Stellar Lumens is currently trading at $0.223 and has been increasing considerably recently. XLM is ranked 8th among the largest cryptocurrencies by a market capital which is worth $4 billion. The transaction time is less than 5 seconds which is way faster than the crypto leader Bitcoin, Jed noted.
Paulo, a Stellar Lumens investor and Jed’s follower says:
“JED IS AN EXAMPLE OF DETERMINATION AND PASSION. YOU HAVE BEEN INSPIRING ME WITH YOUR WORK AND THE WAY YOU KEEP YOURSELF MOTIVATED IS TRULY COMMENDABLE. WE ARE SURE STELLAR WILL GROW BIGGER AND KEEP GETTING BETTER IN THE COMING DAYS. GOOD LUCK BUDDY, WE ARE WITH YOU.”
The post Stellar Lumens [XLM] creator explains his tiffs with Ripple [XRP] before quitting it appeared first on AMBCrypto.
Stellar is now in a tight knitted partnership with IBM, and also a part of the massive NEO-ecosystem.
Follow this whole series by BlockChainBrad breaking it down: https://www.youtube.com/watch?v=Tb4movhMWi4
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