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This is semi-unrelated, and I've kind of lost hope of cryptocurrencies ever achieving popularity (since all everyone seems to do with them is speculate), but I
by StavrosK 7y ago
This is semi-unrelated, and I've kind of lost hope of cryptocurrencies ever achieving popularity (since all everyone seems to do with them is speculate), but I recently came across a page explaining Stellar and it seems to me like it's the best of all worlds (decentralized, fast confirmations, inflationary, no mining, etc).
Does anyone know what the downsides are? I haven't been able to find any posted anywhere, but I don't trust something until I've seen the cons, so I'm wondering if anyone here has looked into it.
- woah 7y agoThe whole network got taken down a couple months ago when a server run by the Stellar company crashed. Not very decentralized. https://cointelegraph.com/news/stellar-node-outage-causes-two-hour-complete-transaction-freeze https://cointelegraph.com/news/stellar-node-outage-causes-tw...
- StavrosK 7y agoOh wow, that's terrible. Yeah, that's not decentralized at all, too bad... EDIT: It looks like it can be decentralized, just nobody is running any nodes apart from the foundation. I wonder if that's because there isn't enough incentive, or that people just don't trust them. Either way, it's bad.
- JaleDarvis 7y agoCheck out Hashgraph