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Offline yellowecho

Stellar
« on: August 11, 2014, 04:05:51 PM »

https://www.stellar.org/blog/introducing-stellar/

Can we have a discussion about the pros and cons of Stellar?  It's recent release seems to be moderately successful and I believe it utilizes a Ripple-style consensus so it has the potential to scale like BTSX.  From what I've read, it seems like it uses 'credits' similar to colored coins rather than being truly fungible like bitUSD and other Bitshares digital assets.  Thoughts?
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Offline jamesc

Re: Stellar
« Reply #1 on: August 11, 2014, 04:52:05 PM »
It looks like they use trusted gateways to hold a balance:
"You need to trust the gateways you use, but you don't need to trust the other participants in the network."

Stellar looks like a step in the right direction.  You link is talking about trading real money for virtual assets.  Bitshares is about backing virtual assets with another virtual asset.  Bitshares, with input from traders betting long and short, will help fix the backed virtual asset to a real-world asset price.

You might use Stellar to get in and out of traditional money but Bitshares to store its value as virtual assets.

Offline xeroc

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Re: Stellar
« Reply #2 on: August 11, 2014, 05:06:38 PM »
It looks like they use trusted gateways to hold a balance:
"You need to trust the gateways you use, but you don't need to trust the other participants in the network."
Further, it seems the codebase IS basically Ripple!
From
https://stellartalk.org/topic/31-stellard-vs-rippled/

Quote
Modifications

So what are these code modifications and do they make a big difference to how
likely Stellar is to succeed? Let’s have a look at the significant commits
which have occurred since the fork attempt began on April 24th 2014. We’ll
disregard all of the obvious “rename ripple=>stellar” alterations.

    Account ids begin with a g is a fairly straightforward change to the base58 alphabet for encoding account ids and other Stellar types. The main result is that all account ids begin the letter “g”, rather than an “r”. Why “g”? Who knows.

    Add InflationDest field is perhaps the most revolutionary change. The idea is that each account gets to nominate another account which, each week receives a share of 0.019% of all the STR in existence, perhaps as a result of continued good stewardship of the network and supporting codebase. The field is optional. The formula is here and then revised here and here and here. Two new fields FeePool and InflationSeq are added to the LedgerHeader.

    Accounts can be deleted means that a user can consolidate his/her STR back into a single account from multiple accounts. Trustlines must first be removed.

    Clean up old unimplemented data structures, such as Nickname and GeneratorMap.

    Bootstrapping from a centralised peer provider is removed.

    A switch to ed25519 from P256 for creating and verifying signatures is implemented.

    Expose wallet_public to anyone and rename to create_keys. This is a security risk as someone could fake a response on a server and be in possession of your secret.

    Rename some API calls and change the default min_ledger for some calls.

    Remove EmailHash, WalletLocator, WalletSize, MessageKey and Domain fields from AccountRoot serialization format and the flag PasswordSpent

    A painful merge of the main rippled codebase.

    Some surprising lack of familiarity with a key data structure in the codebase.
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Offline xeroc

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Re: Stellar
« Reply #3 on: August 11, 2014, 05:08:48 PM »
Whait what?
https://stellartalk.org/topic/31-stellard-vs-rippled/
Quote
What is obvious from the team of three developers working on the C++ codebase is that there is not a deep understanding of what is going on in the internals, at least not yet.

I suddenly feel much more confidence in BM,toast,vikram (theses are already three) + the other devs you can see from the gihub repo :)
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Offline mrbildo

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Re: Stellar
« Reply #4 on: August 31, 2014, 04:30:19 AM »
Distribution for Stellar is its main selling point if you ask me.

Offline fuzzy

Re: Stellar
« Reply #5 on: September 09, 2014, 01:42:30 PM »
Distribution for Stellar is its main selling point if you ask me.

That was the main selling point for me too.  Their campaign was(is) something to behold...I'd like to see Invictus "Invest" a portion of AGS funds by giving someone like Stellar a swap of some PTS (perhaps 5%) for Stellar (to get the 10/10 PTS AGS sharedrop of Stellar) so both projects have mutual interest in one another.  Call them TradeDrops.  It would enable bitsharesx to get quickly into the hands of people who are highly connected through social media, starting to cut the path toward broader adoption in the interfaces offered by these platforms.  Stellar would get...well just look what they would get for the good lord's sake.   
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Offline Crossover

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Re: Stellar
« Reply #6 on: November 28, 2014, 08:29:49 PM »
Why Jed McCaleb started Stellar?
as all know, Jed McCaleb was the founder of MtGox, when he started RippleLabs he had some vision in mind for Ripple, what is it?
its quite clear. he wanted to make Ripple as main engine for all gateways around the globe, BTC-e, Bitstamp, Kraken etc..
ripple for gateways is like Wordpress for blogging. Cheap and flexible solution,
now what about Stellar?

I think he wanted to make competitor for Ripple, two soultions in single hands is more efficient than make a bet on a one winner!

we (i mean Stan and BM, this whole project run by visioners) should start another project (Galaxyshares  :D) like Jed to control the whole new industry by ourselves. ;)
.
« Last Edit: November 28, 2014, 08:42:24 PM by Crossover »

 

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