Topic: | STRATIS | The first blockchain developed for businesses |Full POS - page 742. (Read 1891114 times)

Why this is huge? Is the Ledger Wallet very famous liks coinbase or bitbay? If yes, it gonna be huge. Congrats Stratis team.

This is huge! Stratis is the Future!

From Chris Trew, CEO,

Quick update on Ledger Wallet:

They have successfully integrated Stratis into their Ledger wallet offering. A test transaction was sent and received successfully.  You can see one of the Commits below. I believe we will see it pulled into the main repo in a matter of days.

https://github.com/LedgerHQ/ledger-wallet-chrome/commit/4fc98a02379ca7875590914c0b3b2742ef56284e

We will have a number of branded Stratis ledger wallets. We are also in discussions in regards to a fully branded package, Device, box, instruction manual etc

I'm not sure but logic tells me that the fact there are hardware wallets being made for Stratis means Strat tokens are going to be pretty pretty valuable in the near future. This shit is primed for another bull run

What possible incentive do they have to even bother with the existing chain?  Think about that.  That logic applies to all of the other open source platforms that these scammers are shilling.  Why use an existing chain when it's open source?  Answer that question.  You can't.  

lol @ the consistent FUDsters that come to legitimate projects in a futile attempt to discredit the work just to get cheaper coins.  This dev team has completed more in 6 months than most teams do in a year with more funds and more people.  The dedication of the team, and you FUDsters, shows this will be a project to watch in 2017.

Here's a quote regarding that question from the unofficial Stratis AMA on reddit:

“The first principle of Stratis is to make things easier on the business customers that they are targeting. So, if you are a company who decides they need a blockchain, or a blockchain app, you may not know anything about how to securely set up a blockchain, or what coin software to clone. Furthermore, you may have no idea what to do if there is a bug in your blockchain code. So you have a barrier to entry: you need to find and hire blockchain developers. Because this is a new field, you are going to have difficulty finding developers who are experienced in blockchain development in your area, and the ones you do find may be very expensive to hire. However, you probably as a company have some general c# developers that can understand basic bank account style operations - checking balance, sending money, receiving money.

Now, once you have chosen your blockchain software, you have to set up servers that run the software, and if they are insecure, someone could mess with your blockchain. If you build a blockchain that is mission critical, say a decentralized clearing house between two fintech companies, then this could have economic consequences if your blockchain setup has a security problem.
So given these risks and costs, it is appealing to have a product that promises to be secure and easy. Now you just pay some money and the blockchain is created for you with Stratis, and your developers can focus on building the application that uses the blockchain.
And yes, if you use Stratis, you'll have some example code that does some things that you need, and whenever Stratis releases new features, your sidechain will be able to pull those code changes in. So you let Stratis worry about developing new chain features and security of the blockchain, and you focus on your apps.”




Again I quote a reply from the AMA which answers a question similar to yours:

"The main purpose of Stratis is to make it easy for businesses to use the blockchain. The plan for this is to (1) use C# language, which is dominant in businesses, instead of c++ like bitcoin (2) make it so that businesses don't have to handle the details of setting up a blockchain because they can do it on a simple website (3) provide consultancy support, so that businesses have experts to turn to for help.

When they are successful at getting businesses to use the platform, the business will need to purchase Stratis to give value to the side chains that they want to create.
So right now there is a total of around 98 million Stratis in circulation. If a company wants to have a side chain with 1 million tokens on it, they need to have 1 million Stratis, they lock it, and these tokens are moved to the side chain. If the side chain remains running permanently, these tokens will be out of circulation permanently.
So, the point I am making is that the more businesses that create side chains, the less stratis there will be in circulation, which would create a scarcity effect.

This might result in a situation where every time a new business deal with Stratis and a new company is announced, the price of Stratis spikes in expectation of increased scarcity.
If you consider where the money is, alt coin investors is a small amount of money, but business deals can be a large amount of money, measuring in millions of dollars for technology based solutions."

If you want to read more from the AMA here is the link:

https://www.reddit.com/r/stratisplatform/comments/5fdmr4/ama_stratis_questions_and_answers_about_stratis/

Yes it's a thing in crypto ppl don't talk about, the difference is we now have devs that have been in the space for years, that have learned A LOT. Ppl called any coin that doesn't make them $$ a scam, some simply don't make it some get FUDed into obscurity some bite off more than they can chew, some are run by kids.

Personally I think this one has a really good chance, at minimum they will be doing beta for large companies very soon then why not re-asses from that information.

Yes it's a thing in crypto ppl don't talk about, the difference is we now have devs that have been in the space for years, that have learned A LOT. Ppl called any coin that doesn't make them $$ a scam, some simply don't make it some get FUDed into obscurity some bite off more than they can chew, some are run by kids.

Personally I think this one has a really good chance, at minimum they will be doing beta for large companies very soon then why not re-asses from that information.

It is so that lots of coins are scams and most turn out to be nothing. There have been thousands of failures.  Sometimes there are new ideas that people come forward with and try to put it in a coin and even if such a coin fails there is a bit that can be used elsewhere even if it is just an idea or a trigger.

we literally had this discussion scam_exposer like pages worth on page 474-476

How does the value of this coin increase?  What is this coin actually used for other than raising funds to pay themselves to develop the Stratis platform?  
Can anyone explain why this coin will be worth more tomorrow.  As I understand it this is an open source project and the chain this coin is on is just a bitcoin clone incorporating none of the technology that is said to be developed.  
Once this is finished https://github.com/stratisproject/StratisBitcoinFullNode what is the purpose of this coin?  It's obvious that this coin was merely a vehicle to raise funds and now is just like any other coin that people speculate on.  Even a completed project brings no actual value or use for this coin.  If it does please explain how.