Ninjastic
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Post
Topic
Board Speculation (Altcoins)
Re: Stellar Lumens [XLM] creator explains his tiffs with Ripple [XRP] b4 quitting
by
arsics
on 29/03/2018, 15:04:37 UTC
Quote from: Neelix on March 29, 2018, 10:29:53 AM
Quote from: arsics on March 29, 2018, 09:54:12 AM
Total supply of XLM is 103.8 billion, there are 18.5 billion in circulation and it is not a mineable coin.

Who holds 85 billion XLMs?

The answer is needed to determine the level of XLM decentralization.

New XLM coins are generated every day. It's part of the code. I think it's +2% annually. So, nobody holds 85 Billion XLM, they currently are non existant.

That is not true, the new coins are on top of the 100 billion that were made in 2014:

Quote
https://www.stellar.org/lumens
In 2014 the Stellar network launched with 100 billion stellars, the original name of the network’s native asset.

So who holds 85 billion XLMs? How is this decentralized?