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Don't forget to mention that their consensus algorithm simply doesn't work. That's why they made it 100% centralized "temporarily" (without even asking, so appa
by oafitupa 12y ago
Don't forget to mention that their consensus algorithm simply doesn't work. That's why they made it 100% centralized "temporarily" (without even asking, so apparently it was 100% centralized even before that). They themselves said exactly that in a blog post. Also, the creator of Ripple dumped all his coins before joining Stellar.
- Adlai 12y agoHere's the Stellar team's blog post about this. While there's no attempt to conceal this, it's also not being spelled out clearly enough: the Ripple/Stellar "consensus" model is a centralized and does NOT provide the guarantees which Proof-of-Work does in Bitcoin. https://www.stellar.org/blog/safety_liveness_and_fault_tolerance_consensus_choice/ https://www.stellar.org/blog/safety_liveness_and_fault_toler...