http://boxmining.com/stellar-lumens-nutshell/ - The Stellar Network promises fast confirmation times (3-6 seconds) with minimal fees (0.00001 lumens). This is achieved using the a consensus protocol called "Stellar Consesus Protocol" (SCP) which is not based on proof of work (unlike Bitcoin). This video explains the basics of the Stellar Network and Stellar Lumens (XLM).
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From what I can tell... Stellar (especially since being picked up by IBM and Maersk) is highly likely going to be the top dog from international commerce... If you visit the hyperledger site, you will also notice the extensive laundry list of other supporting banks/corporations throughout America/Europe and China<<< This is a big deal!
Most notably the fact that Deuche Bank and The Bank of England (Central Banks) have interests in the success of Hyperledger and, by default Stellar Lumens. I have seen a few people commenting in various forums saying that Lumens (coins) are not necessary for this project and that is simply nt true. Lumens seem to be en route to becoming a coin that will be used to conduct large-scale international commerce... This will also likely become an entirely new platform making it easy to conduct transactions, launch ICOs and do these things without the necessity for mining (potentially).
To say the least... I stongly believe XLM is wildly under valued at $00.29USD.
Stellar web interface is a joke ! no support, memo information is sketchy to say the least, lots of people have lost coins just by not putting in the correct memo information, there are four different types of memo's that no one talks about, the wallet needs coins to work And The List Goes On !
skippy813 hahahah do you even read bro?
Stellar's website has all the information needed. If you want some fancy stellar website, do check out lumenaut website! It's also about Stellar. Then, please read about memo once you are in there. Most of the time, it's only exchanges that require memo. If I would send you lumens, it's up to me or your Stellar wallet provider to send you a memo. There's nothing confusing here. Just read. DYOR. Plus a 1 xlm to activate a stellar wallet? Is that much? Hahahaha. Also, there is a Telegram wallet for stellar that doesn't require you a balance to activate xlm. You can send 1 or 2 or any amount, and it's already activated. That's called papayabot wallet.
Stellar lumens gets more love than it deserves. I've been trying to convince myself to buy some XLM and every time i go do some research it doesn't appeal to me at all. There's no way this is as secure as bitcoin. Only reason to invest is because people believe the hype train will raise the price regardless of how good XLM is. I'm tired of seeing "But banks". Neither of these are strong enough arguments to get my on board.
if they don't need to use the stellar token then no point investing in the stellar coin. Its worthless only the ecosystem has value. Same thing with ripple. The banks already said they only interested in the ecosystem not the coin they want to use fiat on it and bloomberg confirmed they can do that. xrp and stellar are worthless coins.
Thanks man for this informative video! I have been hearing about stellar off and on for the last few months. I am just now starting to really research it. Good overview here. Keep it up! #stellar #lumens #xlm
Stellar Lumens is shady thing, private nodes runs by someone, for sure is enterprise mechanism. Personally i don't trust this perspective. Andreas Antonoupols explains this sort of ledgers better than i and each one must to see his videos about closed blockchains. Andreas says that this type of consensus is new Cartel which eliminates "Clearing House" that means total control over our money and not decentralization (main purpose of Bitcoin).
Being a trustless system is just as important as being a decentralized system. The whole point is you can trust the system itself and not have to trust people. There will be bad actors, that is just how human nature works. Which is why Stellar Lumens will ultimately fail.
I was a xrp believer for a long time, but not anymore. I see the use of the network but there isnt any real token value, i would love for it to be but its not. Theres much better opportunities for this year both short and longterm. I see xrp at 200b at the end of the year.
I was selling my Cardano today to get into IOTA. The problem was to move the money from Bittrex to Bitfinex. So I used Bitcoin Gold as it had the lowest fees. What a clusterfuck of piece of shitcoin! It took hours and hours, and the block explorer didn't work either, so I had no idea when the shit-gold would arrive. But I managed to get it to Bitfinex (and then Bitfinex was not working for some hour....) in time to buy IOTA before the raise to almost $4.
Compare this shit with transferring XLM: It transferred from Bittrex to Kraken before I managed to look at the other tab, and it cost $0.002 (raising to $0.003 now, I guess...). When people realize how awesome Stellar is, I think that Litecoin, Dash, Bitcoin X and similar coins will have a problem. They just can't compete.
Bitcoin University Your fundamental economics is shoddy and in need of some logic. Nobody can say for certain right now what supply of a crypto means for the future because we don't know what the demand is and therefore we have no market equilibrium for what we actually value any crypto. The only thing driving prices right now are speculation. The world of currencies is changing as I type and the evaluations we place on them the same. Nobody thought bitcoin would be 2k or 5k or 10k so please don't say this isn't possible for any other coin by repeating someone else's illogical statement disregarding the demand side of supply.
Centralization and Decentralization is a sliding scale depending on how many people are voting. If everyone had a vote then it would be 100% decentralized. As Bitcoin miners become large company clusters, it becomes less distributed and therefore more centralized, ...but overall still quite decentralized. Ripple is very centralized and Dash is in the middle.
so in order to use the network you need 20 coins? amazing. do a quick math: how many people are living on this planet, if any of the has to just own 20 per person in order to use the network how much will we need? also consider there are always differences in wealth or account amounts name it as you wish, but this key point and the questionable distribution (9 billion out of 100???) are making this token/coin for me pretty much worthless.
No it is trash. Maybe good for corporations and banks, but not a solution for decentralizing the economy. It is not trustless, therefore it is trash. Only truly decentralized and trustless cryptocurrencies will be relevant in the future.
The list of countries of suspended accounts matches all the non central bank/moneylender controlled countries (that have not succumbed to debt enslavement... ref: John Perkins. Economic Hitman......"Coup to come" countries... KYC should be KYCountry.? Bittrex is US based so is beholden to Fed /Gov control policies. Anyone who has signed up through KYC is on the banker list.... Makes me wonder who is behind crypto to start with.... basically Crypto boom = Bernanki helicopter money for the economies...
The Decentralized, Smart Contract applications specifically. (Ethereum,Cardano, EOS, etc...). These four seem to share a common end-goal service, however they are each jockeying their way towards becoming the premier or better service. I really believe that only one will win, but predicting ‘whose going to win’ is anyone’s guess. Competition in the marketplace is “good,” but this is subjective. This is a bit like Google, Yahoo, Ask Jeeves, etc. all competing to be the internet search engine, however we all know who the winner is today. The decentralized smart contract service is most likely going to endure the same fate. I enjoy these “coins” as a short-medium term speculative investor standpoint, however in the long term, I am skeptical. I like Bitcoin and Litecoin because they are not “at war” with each other, nor are they out to supplant another crypto project (besides, arguably, the banking system).
William Savage dismantle each other from what exactly? World supremacy? Market space? The crypto world? Once you figure out which it is exactly then ask yourself is this even possible. Then realize that we have always lived in a world with multiple currencies. The us dollar was not invented to compete with gold.
No one is trying to build a tower. Everyone trying to dismantle each other… this is not a recipe for success in the long term. Outside of the opportunistic speculative investor there is no objective benefit… fluctuations in market caps are the only measures of “rank” been Dapps and SCs
Junk? IBM isn't junk so the fact they partnered with them shouldn't be ignored. I'm in no way promoting/supporting it but to call it junk is a bit harsh imo. IBM have a market cap of about 137billion. More than bitcoin lol
Stellar is rock stable and as a sender, you don't have to do a proof-of-work. IOTA hasn't gotten their new wallets and the Tangle really started yet, and Binance and Bitfinex don't handle IOTA withdrawals at the moment.
On the other hand, I'm not sure how far Stellar scales, and then there is also Raiblocks that is sort of a PoS blockchain-Tangle. Raiblocks is better than Stellar, but Stellar seems good enough.
And then you have privacy coins like Verge and Cloakcoin that also are PoS and fast. Zcash? Monero is an expensive PoW-coin though, so I don't see that working out in the long run.
They didn't fail at making their protocol, it actually works very well. The code found I believe was just there to trap people who were trying to copy iota code.
Lets not forget that coins like monero also has ground breaking bugs early on and is still doing fine now. Iota has a much bigger potential than monero so you can only imagine the market cap in a year from now.
denis black Better? Totally different use'case. Not really comparable in any way.
Especially since we now know that Iota attempted to create a proprietary cryptographic protocol and failed in the process. Thus placing their entire platform in a state of unknown vulnerability, which has already been found to be exploitable.
Insightful video as usual! Thanks Boxmining, caught that $XRP slip up at 2:57 with a nice smirk. Ripples on your mind, might as well do a video on that too since updated news is continually being released. Do you believe that Coinbase may potentially place Ripple on its exchange?
Buy Stellar (XLM) on Binance: https://www.binance.com/?ref=10192887
For more information on Stellar check out http://boxmining.com/stellar-lumens-nutshell/
Stellar Website - https://www.stellar.org/
Stellar Key Features - https://bitcointalk.org/index.php?topic=1428573.0
Original Whitepaper - https://www.stellar.org/papers/stellar-consensus-protocol.pdf
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