Re: Stellar launches - Ripple-like decentralized ledger

My theory is that Ripple have realised that they will not get wide spread
support given that their intermediary currency is mostly held by themselves.
i.e. They invented a network that will make them rich if everyone starts to
use it.

My hope is that the change of heart is because those involved in Stellar
genuinely want to use the technology for good.

By the way they don't hide the fact that they have history with Ripple (see
Jed McCaleb's entry on the team page) or their indirect support of Ripple
(see the Bitcoin Program under their mandate).

The Bitcoin program is very interesting reading. (
https://www.stellar.org/about/mandate/#Bitcoin_program)
As I understand it they are encouraging people to buy Bitcoin over the next
6 months and donate their XRP to charities for the best return on whatever
XRP they had on 24 May.




On 31 July 2014 21:51, Manu Sporny <msporny@digitalbazaar.com> wrote:

> On 07/31/2014 03:11 PM, John Packel wrote:
> > Not a fork but a new project/company (non-profit, apparently). McCaleb
> > was a founder of Ripple's precursor and then left after a dispute with
> > the other founders. Several press stories about it last year.
>
> If it's not a fork, then why are all the main contributors to Ripple the
> main contributors to Stellar? Look at the frequency and magnitude of
> commits by author between stellard and rippled:
>
> https://github.com/stellar/stellard/graphs/contributors
> https://github.com/ripple/rippled/graphs/contributors
>
> I get that the code base is now managed by a non-profit and that the
> disbursement model is different than Ripple, but other than that, it
> looks like it's basically the Ripple protocol (even most of the codebase
> is shared).
>
> >From where I sit, and this is just conjecture again, it looks like Jed
> (or this new organization) is trying to resolve the long-standing
> "private entities own a significant amount of the pre-mined currency"
> criticism.
>
> -- manu
>
> --
> Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
> Founder/CEO - Digital Bazaar, Inc.
> blog: High-Stakes Credentials and Web Login
> http://manu.sporny.org/2014/identity-credentials/
>
>