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What are the implications here for the Stellar project and Stellar Lumens? They seem like an awfully similar use case.
by venantius 6y ago
What are the implications here for the Stellar project and Stellar Lumens? They seem like an awfully similar use case.
- nomad543 6y agoAll altcoins have similar use cases. For the SEC, it's not the use case, it's about whether coins were sold in ICO-like deals. Stellar didn't promote any ICOs. Coins like Ethereum are way more at risk to be the target of SEC investigations.
- qertoip 6y agoYou are correct.
- andruby 6y agoFrom what I remember Stellar started as a fork of XRP by Jed McCaleb, who also created XRP. As I understand it, technically it has evolved a lot since then, so I don't know how much of the concept is still shared with Ripple. As for what this SEC lawsuit would mean to them, your guess is as good as mine. The price of XLM has dropped a little [0] and actually tracks XRP reasonably closely [1]. [0] https://www.cryptocompare.com/coins/xlm/overview/BTC https://www.cryptocompare.com/coins/xlm/overview/BTC [1] https://www.cryptocompare.com/coins/xrp/overview/BTC https://www.cryptocompare.com/coins/xrp/overview/BTC
- RamshackleJ 6y ago2021, the year when shitcoins, scamcoins and ponzicoins have their comeuppance.
- ccortes 6y agoI think they are on a better position since they are a non-profit and they don't have token sales afaik. But I can't really tell since I'm not familiar with american laws.