3 ms·

This is getting ridiculous. So much patchwork and overcomplications show how unfit for the real world Bitcoin is. Just drop Bitcoin for Stellar and problem solv

by kolev 12y ago

This is getting ridiculous. So much patchwork and overcomplications show how unfit for the real world Bitcoin is. Just drop Bitcoin for Stellar and problem solved. But, wait, all that vested interest and money in Bitcoin keeps people stick to Bitcoin and reject anything else.

eric_bullington 12y ago
Patchwork??! This uses the original scripting implementation that Satoshi built. It's just one of many possible applications of it. New applications are exactly why a (non-Turing complete) scripting language was included in the protocol -- so people could extend the Bitcoin to new areas. You may not like Bitcoin, but calling the use of a feature that was built by the original developer to support one of the earliest aspired uses of Bitcoin "patchwork" is pretty unfounded. And regarding Stellar, I'm a big fan of the Ripple technology, but very cautious about the entities behind both Ripple and Stellar. Just like Stellar, Ripple started out with promises of distributing the vast majority of the coins around the world, and yet 2-3 years out this still hasn't happened. The fact is -- unlike Bitcoin's -- Stellar's and Ripple's distribution model is highly centralized and thus potentially undependable.
- kolev 12y ago
  It's patchwork as doing all this is not intuitive, it needs to be explained, spec'd out, needs examples and requires a learning curve. I'm fine with the entities behind Stellar and totally not fine with the shady, questionable, and faceless ones behind Bitcoin! The only character I cared about within Ripple is now with Stellar - Jed McCaleb. Last thing - the distribution is not Ripple's fault, it's the uselessness of cryptos for the 99% of the population, which is leading the imminent crash and burn across the board!
SkyMarshal 12y ago
Ripple/Stellar is even more of a patchwork than Bitcoin. At least Bitcoin was created by a cohort of folks well-versed in the computer science of consensus and has some rigor behind it, Ripple is just a hacked up scheme with a (flawed) "whitepaper" as marketing. Same with Stealar unless David Mazieres makes some significant changes to it.
- joyce 12y ago
  Joyce from Stellar here. Prof. David Mazieres is creating a new provably-correct version of the consensus system and will be publishing a white paper that will be in line with his normal, rigorous academic standards. In addition, Graydon Hoare (creator of Rust) has also joined the Stellar team from Mozilla. Now that Stellar supports over 2.3 million wallets, making it the largest implementation of this system, we have found certain scaling limitations of the core tech. Graydon is one of the developers spearheading efforts to make Stellar capable of scaling well beyond its current limitations. Once these two efforts are complete in a few months, I think you will feel much more comfortable with the robustness of the Stellar protocol.
  - SkyMarshal 12y ago
    +1 for David, +1 for anyone from the Rust team, looking forward to seeing the outcome.
  - kolev 12y ago
    Stellar running on Rust soon?!

by kolev 12y ago

eric_bullington 12y ago

Patchwork??! This uses the original scripting implementation that Satoshi built. It's just one of many possible applications of it. New applications are exactly why a (non-Turing complete) scripting language was included in the protocol -- so people could extend the Bitcoin to new areas. You may not like Bitcoin, but calling the use of a feature that was built by the original developer to support one of the earliest aspired uses of Bitcoin "patchwork" is pretty unfounded. And regarding Stellar, I'm a big fan of the Ripple technology, but very cautious about the entities behind both Ripple and Stellar. Just like Stellar, Ripple started out with promises of distributing the vast majority of the coins around the world, and yet 2-3 years out this still hasn't happened. The fact is -- unlike Bitcoin's -- Stellar's and Ripple's distribution model is highly centralized and thus potentially undependable.

kolev 12y ago
It's patchwork as doing all this is not intuitive, it needs to be explained, spec'd out, needs examples and requires a learning curve. I'm fine with the entities behind Stellar and totally not fine with the shady, questionable, and faceless ones behind Bitcoin! The only character I cared about within Ripple is now with Stellar - Jed McCaleb. Last thing - the distribution is not Ripple's fault, it's the uselessness of cryptos for the 99% of the population, which is leading the imminent crash and burn across the board!

SkyMarshal 12y ago

Ripple/Stellar is even more of a patchwork than Bitcoin. At least Bitcoin was created by a cohort of folks well-versed in the computer science of consensus and has some rigor behind it, Ripple is just a hacked up scheme with a (flawed) "whitepaper" as marketing. Same with Stealar unless David Mazieres makes some significant changes to it.

joyce 12y ago
Joyce from Stellar here. Prof. David Mazieres is creating a new provably-correct version of the consensus system and will be publishing a white paper that will be in line with his normal, rigorous academic standards. In addition, Graydon Hoare (creator of Rust) has also joined the Stellar team from Mozilla. Now that Stellar supports over 2.3 million wallets, making it the largest implementation of this system, we have found certain scaling limitations of the core tech. Graydon is one of the developers spearheading efforts to make Stellar capable of scaling well beyond its current limitations. Once these two efforts are complete in a few months, I think you will feel much more comfortable with the robustness of the Stellar protocol.
- SkyMarshal 12y ago
  +1 for David, +1 for anyone from the Rust team, looking forward to seeing the outcome.
- kolev 12y ago
  Stellar running on Rust soon?!