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General Discussion / Re: bter hacked and lost 50m nxt
« on: August 15, 2014, 02:39:11 pm »
the question is, can you even withdraw BTSX from BTER? i have been waiting for like an hour now.
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Many have been strong proponents of the large sharedrop type approaches that Stellar is attempting https://www.stellar.org/about/mandate/#Stellar_distribution
There has also been a lot of media hype and press around their launch and they also 'supposedly' got a $3 million injection for only 2% equity so they have some funds to work with.
They also have Jed McCaleb as a board member and co-founder of Dogecoin, Jackson Palmer as an advisor, among others, so if any team is capable of pulling this strategy off, it's probably these guys, https://www.stellar.org/about/
So now we have a front row seat to the type of sharedrop strategy some have been advocating.
Personally I'm not a fan of these approaches, but it's worth keeping an eye on, because if they succeed then we can learn things and apply them in future DAC's.
Sharedrops are fine but you also need a compelling product. What about the Stellar technology would make people hold onto the shares? What is the utility?
I think the obvious answer is to crush the sharedrop level. They have created some momentum but I agree it will be short lived.I won't invest in them but it is very cool to watch. Think they can break the top ten market cap by the end of NEXT month?
I doubt it. I think in the past, the way these sharedrops looked like they had a bit of promise was by Coinmarketcap listing the total supply of coins that would be released after all sharedrops and multiplying the shareprice like that. (So Ripple and Auroracoin had ludicrous valuations at a point.)
It looks like cmc.com is wise to that and is getting an accurate supply now though.
(I think Stellars only hope is to pretend (Scam) they have given away half a billion more but don't put them on the market or really crush the level of sharedrop they were originally intending.)
Their doesn't seem to be any revelations of tech here just some interesting marketing tactics. I do think they have created a short term cash cow. But it's life will be very short lived.
I think it will work.I am not a fan of huge air drops but no one can deny freebies of any kind get you noticed.
I have been looking but cant seem to find what is the current $ value of there airdrop?
I saw this on BTTQuoteThey just created a demand for it, by giving out only 125 stellar now.
Initially they gave out 6900 stellar, for any new account(who would link fb and their emails), and created a distribution.
Now they give 125, creating a shortage, so there is a demand, and prices increase. They can now easily sell their premined stellar at high prices.
https://bitcointalk.org/index.php?topic=733999.msg8295491#msg8295491
I don't know if that's part of the initial startegy, but that's a big drop, giving away 7000 to giving away 125. ( A 98% drop!) Maybe they're learning the hard way about giving away money for free but I'm not sure.
So I think if that's right in $ terms they're down to giving away $0.5
Many have been strong proponents of the large sharedrop type approaches that Stellar is attempting https://www.stellar.org/about/mandate/#Stellar_distribution
There has also been a lot of media hype and press around their launch and they also 'supposedly' got a $3 million injection for only 2% equity so they have some funds to work with.
They also have Jed McCaleb as a board member and co-founder of Dogecoin, Jackson Palmer as an advisor, among others, so if any team is capable of pulling this strategy off, it's probably these guys, https://www.stellar.org/about/
So now we have a front row seat to the type of sharedrop strategy some have been advocating.
Personally I'm not a fan of these approaches, but it's worth keeping an eye on, because if they succeed then we can learn things and apply them in future DAC's.
Do you know if they have any plans here?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.pdfWhat 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.
stellar is basically a copy/pasted ripple with some tweaks.
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?
yes. until ripple and ripple-like systems figure out how to add independent 3rd party validators, it is centralized.
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.pdfWhat 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.
stellar is basically a copy/pasted ripple with some tweaks.
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?