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"The network has been initialized with a supply of 100 billion stellars. 5% will be used to fund operations of the nonprofit (its spending, including employee c

"The network has been initialized with a supply of 100 billion stellars. 5% will be used to fund operations of the nonprofit (its spending, including employee compensation, will be public), and the remaining 95% of the stellars will be distributed for free as quickly as we can manage." IIRC Ripple's founders (including Jed) kept about 20% of XRP, and Ripple Labs kept about 25%, so only 5% is a lot better, but it's still a very centralized solution to distribution. I do like that they're distributing 20% of the Stellars to BTC (and XRP) holders, though: https://www.stellar.org/about/mandate/#Bitcoin_program https://www.stellar.org/about/mandate/#Bitcoin_program

gdb 12y ago
We hope that it'll end up being considerably more even than Bitcoin distribution. One note is that of the 5%, 2% is currently held by Stripe. We're going to auction off most of our Stellars, and return the proceeds to the Foundation. The Foundation is also being transparent about where the remaining stellars are going, namely: 2.5% to existing employees (https://www.stellar.org/about/governance/#Employee_Compensation https://www.stellar.org/about/governance/#Employee_Compensat...), and over time it'll distribute more stellars in order to raise funds (https://www.stellar.org/about/mandate/#Continued_funding_of_the_foundation_and_auction https://www.stellar.org/about/mandate/#Continued_funding_of_...). But, yes, solving the distribution question is a hard problem :-).
- simonebrunozzi 12y ago
  I think it would be wise to let people invest now in order to acquire stellars later on - assuming more funding would be welcome by the foundation.
danoprey 12y ago
We wish Stellar all the best and it's certainly a huge improvement on Ripple Labs, but we're also working on a (not directly competitive, but related) project http://hyperledger.com/ http://hyperledger.com/ without any native currency or pre-allocation at all. Hope we can integrate with Stellar as soon as possible.
- joyce 12y ago
  Great - shoot me an email (joyce@stellar) and happy to help!

gdb 12y ago

We hope that it'll end up being considerably more even than Bitcoin distribution. One note is that of the 5%, 2% is currently held by Stripe. We're going to auction off most of our Stellars, and return the proceeds to the Foundation. The Foundation is also being transparent about where the remaining stellars are going, namely: 2.5% to existing employees (https://www.stellar.org/about/governance/#Employee_Compensation https://www.stellar.org/about/governance/#Employee_Compensat...), and over time it'll distribute more stellars in order to raise funds (https://www.stellar.org/about/mandate/#Continued_funding_of_the_foundation_and_auction https://www.stellar.org/about/mandate/#Continued_funding_of_...). But, yes, solving the distribution question is a hard problem :-).

simonebrunozzi 12y ago
I think it would be wise to let people invest now in order to acquire stellars later on - assuming more funding would be welcome by the foundation.

danoprey 12y ago

We wish Stellar all the best and it's certainly a huge improvement on Ripple Labs, but we're also working on a (not directly competitive, but related) project http://hyperledger.com/ http://hyperledger.com/ without any native currency or pre-allocation at all. Hope we can integrate with Stellar as soon as possible.

joyce 12y ago
Great - shoot me an email (joyce@stellar) and happy to help!