Stellar (XLM) General

[Anonymous No.10970221]

Not Dropping as bad Edition

https://www.stellar.org/
https://twitter.com/StellarOrg

Stellar Network Information
https://dashboard.stellar.org/
https://stellar.expert
https://github.com/stellar

Current Price: $0.19 (3100 sat)
ATH: $0.93 (5945 sat) on January 4th, 2018
Current CMC Ranking: #6

What’s happening?

> IBM WORLD WIRE - https://www.ibm.com/blockchain/solutions/world-wire
>Stellar just surpassed 1 million accounts
>COINBASE LISTING - Currently Pending
>STRONGHOLD USD - IBM building Stellar dependent “stablecoin” pegged to USD (beta)
>http://www.Fairx.io (Pending trading site)
>http://www.StellarX.com (Beta Released!)
>http://www.Stellarterm.com (Stellar Decentralized Exchange)
>http://www.Stellarport.io (Stellar Decentralized Exchange)

Benefits of Stellar:

>ICOs and smart-contracts. Not turing-complete like ETH, but far easier to use
>faster than all other networks (lightning set for 12/1/18)
>decentralized (in governance, coin distribution and validation)
>anyone can run a node
>war chest for developers and worldwide distribution
>transaction cost = effectively $0.00001
>strongly backed by IBM, Tempo
>Stellar just purchased Blockchain startup Chain for $500 million USD
>Stellar Consensus Protocol: 1000s tx/s (global scale) tested. 10ks possible
>1% annual inflation distributed weekly to those who own XLM (https://lumenaut.net/))
>compatible with ledger (https://www.stellar.org/account-viewer/#!/))
>LOBSTR mobile wallet for IOS and Android (https://lobstr.co/#start-section))

Popular ICOs on Stellar:
>Mobius (MOBI)
>Smartlands (SLT)
>Sureremit (RMT)

What’s the bottom line?
>Stellar is a fast, cheap and simple cryptocurrency that can function well for both fintech and everyday people. Stellar is ready to go right now.

Recent:
>Lumenaut Letter #30 - https://mailchi.mp/e42e60cdfddc/ibm-world-wire
>Stellar vs Ethereum ICO - https://blog.stellarx.com/the-great-filter-why-you-shouldnt-ico-on-ethereum/

[Anonymous No.10970289]

Ahhhhh

[Anonymous No.10970356]

>>10970289

this doesnt really work when bitcoin dropped 20% today

[Anonymous No.10970419]

1.2 million accounts boys

[Anonymous No.10970426]

>>10970356

Stellar did pretty well and dropped about the same at BTC

[Anonymous No.10970685]

Full disclosure - I hold a significant amount of XLM

I got in right at the initial IBM announcement last year and I've held ever since. I saw my investment go from about $8k last year up to over $100k back down to about $40k currently. Here is my assessment and why I continue to hold. I may be totally off in the long term and may regret it but I've been in the green the whole year.

Pros:

Overall Stellar is a great idea, XLM is a great coin. What the organization is doing is a long term play at positioning itself to run financial transactions world wide, be it remittances, assets, currency transactions, etc. The network is pretty fast, transactions happen 3-5 seconds, with lightning and other upgrades, the transaction load will probably be not too far behind Visa's (Stellar with upgrades 10-15k, maybe 20k transactions per second, Visa ~ 24k/second.) Overall the network at peak only takes $315k worth of liquidity to run.

Cons:
-Long term inflation without burning coins

[Anonymous No.10970720]

Now it's still early for a lot of coins, and I think the novelty and the pumps for projects that really don't deserve it will continue (at least another 2-3) years. Now the irony behind Stellar/XLM is that in order for it to be the world's financial transaction backbone, the cost of usership needs to be so low per transaction to incentivize people to use it. Stellar's price point for transactions (0.00001 XLM per transaction) is so insanely low, while needing to exist to counteract potential networking spamming, if crypto/blockchain is the future of financial transactions, Stellar will likely be the primary network used. The problem for coin holders is that in order see sick returns on our investment, the coin needs to also be a store of value, which in the long term might make it not attractive to use as a medium of exchange. At first estimation, it would seem that a cryptocurrency could only be one of two things to be useful; either a mode of transaction where the price of the coin is so low and the number of coins is so high (i.e. inflationary) that it attracts people to use it, or in the case of Bitcoin, a store of value, something finite where the price increases because of limited supply (i.e. digital gold).

However...the reason I still hold, calculating the value will increase, is twofold.

Short to medium term: There is a shit ton of good news lined up about Stellar/XLM. IBM, being added to Coinbase, StellarX, being used by banks irl for money transmission in South Pacific, remmitance industry in Africa, purchasing of Chain with $500M worth of XLM, etc.

All of this news will translate into hype in the short to mid term, which will translate to pumping, just like the IBM announcement last year.

[Anonymous No.10970760]

The second reason, more long term, with the caveat that I may or may not continue to hold: network manipulation, market makers, and liquidity. I think in the long term if Stellar/XLM is adopted as the backbone of the world's financial sector in the cryptosphere, while the minimum cost on transactions exists to stop spamming, larger players will invest in XLM to have more of a controlling stake in transactions. Larger players that buy into this network will buy up XLM, and make the cost of XLM competitive in terms of wanting to use the network. Banks, companies, pension funds, even world governments will buy XLM, either to sell it at various price points to organizations that want to process transactions on the network, like prepaid cell phone minutes, or they may even give them away for free as part of agreements. Either way, I think the scarcity needed to increase the price of XLM, irrespective of inflation, will occur, assuming Stellar is widely adopted as a network. Beyond that there are other smaller reasons in my mind like asset tokenaziation occuring more on the Stellar network, more ICOs in the long run being offered on the Stellar network, and other projects.

[Anonymous No.10970772]

>>10970685
>$40k xlm is "significant"
ok wagie

[Anonymous No.10970793]

>>10970685
>>10970720
>>10970760

Very nice.

[Anonymous No.10970794]

>>10970685
>Long term inflation without burning coins
kinda need the inflation if we want to be a legit economy 10 years down the road

if we do have a bullrun, then it's going to be bigger than the last, and with that, you get a crazy return regardless since Stellar is a dope coin and it's destined to be in the top 5 sooner or later

[Anonymous No.10970827]

>>10970772

More than most holders of XLM. Also fuck you, I didn't say significant dollar amount, I said significant amount of XLM. Stellar is one of a number of coins I hold.

[Anonymous No.10970837]

>>10970772

That's not bad at all.


You'll never make more than $40k in a year NEET scum

[Anonymous No.10970848]

>>10970794

It already has been a few times in the last 30 days.

https://cryptstorm.com/stellar-lumens-xlm-surpasses-eos-as-the-5th-most-important-cryptocurrency/

[Anonymous No.10970974]

E X C I T E D

[Anonymous No.10971040]

I have 50k, its all I have. I am so sick of being a wage slave. Fuuuucccckkkkkkkkkkk
>tfw my passive income is only $1.80 a week.

[Anonymous No.10971042]

>>10970848
heh, the second it's known to the world which big names are jumping on the Stellar wagon, you'll have countless exchanges and whales using XLM for arbitrage cash and the volume will sky rocket

[Anonymous No.10971139]

>>10970221
I'm fucking buying this shit like crazy on this dip. 3000 sats support is diamond tier

[Anonymous No.10971146]

I'm a huge fan of tokenized assets. I think it's the best use case of crypto. I think XLM is positioning itself to be the standard for that. While ETH can handle more complicated contracts.

[Anonymous No.10971196]

>>10971146
Best part is, the Stellar team and their code just keeps getting better and better every year

[Anonymous No.10972044]

>>10970221
yo OP you should add the following to your posts to BTFO the nigger fudders that come up every time you post your Stellar General.

https://www.stellar.org/blog/stellar-security-guide-protect-scammers/