Re: Stellar launches - Ripple-like decentralized ledger

On 1 August 2014 at 16:19, Adrian Hope-Bailie <adrian@hopebailie.com> wrote:

> 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).
>

For those that have been following this work, there has been a new
development together with an announcement on Jed's blog

http://jedmccaleb.com/blog/my-settlement-victory-with-ripple/


>
> 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/
>>
>>
>