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Offline G1ng3rBr34dM4n

Stellar (decentralized gateway)
« on: August 01, 2014, 01:57:27 PM »

Has anyone else come across Stellar? stellar.org

It appears to be something of a decentralized escrow service??

What do you guys think about it?

Offline lucky331

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Re: Stellar (decentralized gateway)
« Reply #1 on: August 01, 2014, 02:03:43 PM »
it's a ripple fork with better distribution.  if you want to learn more about stellar, i suggest reading the ripple primer here:  https://ripple.com/ripple_primer.pdf

stellar is basically a copy/pasted ripple with some tweaks. 

Offline mf-tzo

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Re: Stellar (decentralized gateway)
« Reply #2 on: August 01, 2014, 03:20:11 PM »
I think that stellar will kill ripple very shortly.. Distribution will be much better, non profit, donations, Jed can simply exchange all his remaining xrp for stellars by donating the xrps. Brilliant !!

Offline lucky331

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Re: Stellar (decentralized gateway)
« Reply #3 on: August 01, 2014, 03:25:53 PM »
or he could continue holding them for leverage against ripple labs.

Offline santaclause102

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Re: Stellar (decentralized gateway)
« Reply #4 on: August 01, 2014, 03:41:21 PM »
it's a ripple fork with better distribution.  if you want to learn more about stellar, i suggest reading the ripple primer here:  https://ripple.com/ripple_primer.pdf

stellar is basically a copy/pasted ripple with some tweaks.

I ripple completely open source yet?

Offline lucky331

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Re: Stellar (decentralized gateway)
« Reply #5 on: August 01, 2014, 03:54:17 PM »
it's a ripple fork with better distribution.  if you want to learn more about stellar, i suggest reading the ripple primer here:  https://ripple.com/ripple_primer.pdf

stellar is basically a copy/pasted ripple with some tweaks.

I ripple completely open source yet?

yes it is.

Offline CLains

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Re: Stellar (decentralized gateway)
« Reply #6 on: August 01, 2014, 03:58:13 PM »
100 billion stellar was created in the genesis block and more will be generated at a fixed rate of 1% per year
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Offline CLains

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Re: Stellar (decentralized gateway)
« Reply #7 on: August 01, 2014, 03:59:32 PM »
This 1% is allocated weekly to the top fifty accounts voted to receive such a distribution by the community. The foundation’s hope for these inflationary funds is that “holders will use the inflation-generated stellars to enable novel business models or to fund causes they support".
« Last Edit: August 01, 2014, 04:04:10 PM by CLains »
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Offline kokojie

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Re: Stellar (decentralized gateway)
« Reply #8 on: August 01, 2014, 04:07:28 PM »
I think that stellar will kill ripple very shortly.. Distribution will be much better, non profit, donations, Jed can simply exchange all his remaining xrp for stellars by donating the xrps. Brilliant !!

I'm surprised Ripple hasn't died out, being a centralized system with 98% "pre-mine" for the founders

Offline lucky331

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Re: Stellar (decentralized gateway)
« Reply #9 on: August 01, 2014, 04:15:11 PM »
I think that stellar will kill ripple very shortly.. Distribution will be much better, non profit, donations, Jed can simply exchange all his remaining xrp for stellars by donating the xrps. Brilliant !!

I'm surprised Ripple hasn't died out, being a centralized system with 98% "pre-mine" for the founders

ripple labs is actually developing some good stuff like their implementation of smart contracts via codius:  http://codius.org

as for their distribution of xrp, yeah, it's not good if you want to gain adoption. they are going for banks and big financial institutions instead of consumers.

is for being centralized, again yes.  but ripple is supposed to be a distributed network, but due to ripple labs controlling most, if not, all of the validating nodes, it is centralized. 

i thought they would have already figured out how and who to add as 3rd party validators in their network by now. 

Offline santaclause102

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Re: Stellar (decentralized gateway)
« Reply #10 on: August 01, 2014, 05:25:00 PM »
it's a ripple fork with better distribution.  if you want to learn more about stellar, i suggest reading the ripple primer here:  https://ripple.com/ripple_primer.pdf

stellar is basically a copy/pasted ripple with some tweaks.
What a second. How does the stelar project select who is on the unique node list? That unique node list is at the heart of Ripple.
If it is not Proof of stake but a unique node list style centralized system it doesn't matter at all what the distribution of tokens is in terms of network security. Matters a bit maybe for network effect but that is not a major factor in my opinion as Ripple does heavy marketing to compensate for that.
Where am I wrong?
« Last Edit: August 01, 2014, 05:26:52 PM by delulo »

Offline tonyk

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Re: Stellar (decentralized gateway)
« Reply #11 on: August 01, 2014, 05:57:55 PM »

Good ideas, easily doable in a DAC combining ME and bitUSD.

We don’t have gateways, but we will need them for USD to bitUSD exchange anyway. Hopefully by that time, the exchanges will have started doing the gateway job for bitUSD already.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline santaclause102

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Re: Stellar (decentralized gateway)
« Reply #12 on: August 01, 2014, 06:10:12 PM »

Good ideas, easily doable in a DAC combining ME and bitUSD.

We don’t have gateways, but we will need them for USD to bitUSD exchange anyway. Hopefully by that time, the exchanges will have started doing the gateway job for bitUSD already.
Can you expand on how that would work exactly?
Edit (making the question more clear): A gateway introduces an IOU dollar via Bitshares ME (the gateway operator is back it) and then?
« Last Edit: August 01, 2014, 06:23:44 PM by delulo »

Offline tonyk

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Re: Stellar (decentralized gateway)
« Reply #13 on: August 01, 2014, 06:14:48 PM »

Good ideas, easily doable in a DAC combining ME and bitUSD.

We don’t have gateways, but we will need them for USD to bitUSD exchange anyway. Hopefully by that time, the exchanges will have started doing the gateway job for bitUSD already.
Can you expand on how that would work exactly?
A gateway introduces a IOU dollar he is backing via BTS ME and then?

1st. On the bit USD part -  bitUSD/bitEUR/bitCNY are not IOUs. In this thread Simeon  explains how he sees it. I have mostly the same thing in mind:
https://bitsharestalk.org/index.php?topic=6384.msg85082#msg85082

2nd ME is for the exchange as in Stellar's exchange.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline santaclause102

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Re: Stellar (decentralized gateway)
« Reply #14 on: August 01, 2014, 06:20:23 PM »

Quote
bitUSD/bitEUR/bitCNY are not IOUs
That is self evident. And ME could create IOUs like ripple/stellar. Nothing new there.

I just wondered how you want want to....
Quote
combining ME and bitUSD
?
« Last Edit: August 01, 2014, 06:22:06 PM by delulo »

 

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