gdb

23 ms·

181.
by gdb 12y ago
> Let's say I have $10,000 in a Wells Fargo checking account. Tomorrow, they add support for Stellar. How does that play out in the protocol? Should I trust them for the full $10k in my Stellar client? Some intermediate value? Why?
182.
by gdb 12y ago
Yep, that's right — certainly for the most popular currencies/issuers, in any case. I wouldn't be surprised if there's always a long tail of lower-traffic currencies which lean heavily on exchanging to stellar.
183.
The Stellar object model(gdb.svbtle.com)
68 points by gdb 12y ago|18 comments
184.
by gdb 12y ago
Note that Everett was paying Mechanical Turks to auth their legitimate/existing Facebook accounts — not to go and fill out a bunch of captchas to farm new ones.
185.
by gdb 12y ago
Mechanical Turk, I believe: https://twitter.com/thegdb/status/495656012343300097 . There's a decent exchange rate: more than a dollar per account.
186.
by gdb 12y ago
Yeah, the plan is definitely to expand beyond Facebook in the medium term. It was just the fastest (though an imperfect) way of getting started and getting stellars into the hands of as many people as possible, as quickly as possible. See a
187.
by gdb 12y ago
He's not gaming it.
188.
by gdb 12y ago
Nah, just that the stellarfoundation bot checks that you're Facebook-authed before sending over your 1,000 stellar bonus.
189.
by gdb 12y ago
No, that doesn't actually work (just double checked to make sure). Would be a clever hole though :).
190.
by gdb 12y ago
The person here is not affiliated with the project. (That @stellar.org is their federated payment address, which is assigned to anyone who signs up for an account.) We've talked with the user, and it sounds like this is not in fact a c
191.
by gdb 12y ago
Stripe. We're hiring engineers in San Francisco and remotely within US timezones. REMOTE and H1B welcome. We're making there be more online commerce by making payments (and building an online business generally) way easier. This r
192.
by gdb 12y ago
Here's a related (though not completely equivalent) thread on Reddit that I think does a good job of framing this topic: http://www.reddit.com/r/Bitcoin/comments/2c910w/stripe_gets_... .
193.
by gdb 12y ago
Maybe I'm misunderstanding your objection, but you can actually run your own stellard, which is a first-class member of the network: https://github.com/stellar/stellard . The Foundation runs a public stellard for c
194.
by gdb 12y ago
Well, the main design is that people will use this for real-world currencies. If people are interested in starting to issue fake ones with arbitrary names, it's probably worth raising with the developers! They're hanging around in
195.
by gdb 12y ago
Ah, so certainly malicious JS code could misbehave and gain access to your account. But this is true also for someone publishing a desktop client — in practice, people aren't going to check the code going into each release, any more th
196.
by gdb 12y ago
You can indeed issue fake currencies. The only technical limitation is that currencies are (as it stands) limited to 3 letters. Note that your friend would only be able to trade your fake currency to someone who is willing to trust you, so
197.
by gdb 12y ago
Stellar is built to be a bridge from the physical one to the digital one. There certainly are tradeoffs there, particularly that the kinds of trust relationships needed for your life today have direct analogues. But, as I mentioned in http
198.
by 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 primiti
199.
by gdb 12y ago
Take a look at https://www.stellar.org/faq/#_What_are_the_fees_for_a_transa... . The short answer is that each transaction burns 10 microstellar, and they haven't smoothed out all of the display issues in the hoste
200.
by gdb 12y ago
Yep, some should be on their way shortly.
201.
by gdb 12y ago
Oof, that's annoying. We probably can't tell the age on your account. If you send me your stellar username, I'll send some stellars over.
202.
by gdb 12y ago
The same way as everyone else — OAuth'd with Facebook :).
203.
by gdb 12y ago
In your settings, you can turn off recovery for this reason. The plan is to move quickly to two-factor.
204.
by gdb 12y ago
Well, the real worst case is probably that the Earth gets hit by a coronal mass ejection and takes down all electronics: http://bit.ly/1qO25PH :). But more seriously, a gateway you trust going under is indeed a risk. That
205.
by gdb 12y ago
The Stellar Foundation will actually control relatively little. The creation of new stellars, for example, will be done in a fully distributed fashion: https://www.stellar.org/about/mandate/#Stellar_creation . To c
206.
by gdb 12y ago
We definitely want to expand beyond Facebook for distribution as quickly we can. We'd love to hear — do you have any suggestions for the best way of doing distribution within China?
207.
by gdb 12y ago
We chose to help fund Stellar because we were very impressed with their mission and their thoughtful approach to how to get cryptocurrency into the hands of as many people as possible. I think we all would have preferred a route that didn&#
208.
by gdb 12y ago
Shazam! You have stellars.
209.
by gdb 12y ago
Yep! That's where the stellar comes in. It's something that everyone the network can accept and requires no trust. So as long as someone is willing to convert your gateway's credit to stellar (and worst case, your gateway s
210.
by gdb 12y ago
The reference client being in-browser is a very deliberate choice: most users aren't going to download a client to play around with a new currency. It's certainly our hope that people will start building non-browser clients, and b

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