Quote from: rugrats on August 12, 2014, 01:57:27 PM

Quote from: 177sis on August 12, 2014, 08:08:31 AM

many posts here,Jed have done a good job!

As it is now, I am not even certain we should call Stellar a cryptocurrency.

It is a token under the absolute centralized control of a private organization. Adopters have to trust a third party to manage the distribution and network. This is entirely at odds to Satoshi's vision of a trustless, decentralized, peer-to-peer cryptocurrency.

Stellar Foundation and by extension, Stellar, is centralized, bureaucratic and authoritarian, just like the Federal Reserve. Unlike the Federal Reserve, however, there is no one empowered to audit their performance. Adopters have to trust them to make decisions on their behalf.

For all intents and purpose, in my humble opinion, Stellar is closer to Linden Dollars that it is to Bitcoin.

Yes. you are right and you should be certain Wink

Stellar is a payment gateway and the managing entity wants to earn by charging fees. But they have to pretend to be cryptocurrency, because they need internal currency with some (manipulated) value.

I'm sorry the bubble popped so early. Maybe we can see another one. People are stupid enough. Actually the price bubbles bring some hype (on the positive side for Stellar) but mostly they are extremely harmful for the distribution of stellars, people getting less and less and feel cheated