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Hi, I work at Stellar. The FB auth is the first of several methods to receive stellars so we will add more methods soon. Also, mining obviously has many benefi

by joyce 12y ago

Hi, I work at Stellar. The FB auth is the first of several methods to receive stellars so we will add more methods soon. Also, mining obviously has many benefits, but it's still limited to people who are highly technical and/or who have money to spend. We wanted to provide much broader access to digital currency, and so stellars will be given away for free at the click of a button. To encourage transparency, anyone can see how many stellars have been given away here: https://www.stellar.org/stats/ https://www.stellar.org/stats/

webignition 12y ago
What other methods are you looking to introduce and when might they be an option? I created a Stellar account but am in the minority of people who don't have a Facebook account and was a little disappointed.
kylebrown 12y ago
Hi Joyce, would you ask your bf Jed where his MtGox profits are? Its known that Jed sold MtGox to Mark Karpeles, and had access to a privileged account which allowed him to audit the total trading volume (and collect his agreed profit share).
JoshTriplett 12y ago
Without the inclusion of mining and the incentives to establish a mining infrastructure, how do you intend to provide safe decentralized verification of transactions?
- deleted 12y ago
  [deleted]
- vbuterin 12y ago
  Ripple consensus.
  - makomk 12y ago
    Which isn't all that decentralized. The only nodes that participate in the consensus are a handful of "trusted" nodes run by - well, in this case I don't think we know yet, but the Stellar foundation gets to pick who can run them. Those nodes get to decide which transactions are accepted, what fees are charged, the money creation policies, etc.
  - wyager 12y ago
    So it's not actually decentralized to any meaningful degree? Awesome.
    - joeyspn 12y ago
      It is distributed, not decentralized...
- deleted 12y ago
  [deleted]
- gdb 12y ago
  The system currently uses the same consensus algorithm as Ripple. However, one thing David Mazières is currently spearheading is development of a provably-correct version of consensus. (I think it's very important that whatever primitives you're building on have solid theoretical foundations, and I'm pretty excited to see the infrastructure improvements Stellar is going to introduce there.)

by joyce 12y ago

webignition 12y ago

What other methods are you looking to introduce and when might they be an option? I created a Stellar account but am in the minority of people who don't have a Facebook account and was a little disappointed.

kylebrown 12y ago

Hi Joyce, would you ask your bf Jed where his MtGox profits are? Its known that Jed sold MtGox to Mark Karpeles, and had access to a privileged account which allowed him to audit the total trading volume (and collect his agreed profit share).

JoshTriplett 12y ago

Without the inclusion of mining and the incentives to establish a mining infrastructure, how do you intend to provide safe decentralized verification of transactions?

deleted 12y ago
[deleted]
vbuterin 12y ago
Ripple consensus.
- makomk 12y ago
  Which isn't all that decentralized. The only nodes that participate in the consensus are a handful of "trusted" nodes run by - well, in this case I don't think we know yet, but the Stellar foundation gets to pick who can run them. Those nodes get to decide which transactions are accepted, what fees are charged, the money creation policies, etc.
- wyager 12y ago
  So it's not actually decentralized to any meaningful degree? Awesome.
  - joeyspn 12y ago
    It is distributed, not decentralized...
deleted 12y ago
[deleted]
gdb 12y ago
The system currently uses the same consensus algorithm as Ripple. However, one thing David Mazières is currently spearheading is development of a provably-correct version of consensus. (I think it's very important that whatever primitives you're building on have solid theoretical foundations, and I'm pretty excited to see the infrastructure improvements Stellar is going to introduce there.)