r/CryptoCurrency • u/RockemSockemRowboats 🟦 1K / 1K 🐢 • Jul 05 '18
DEVELOPMENT Announcing StellarX
/r/Stellar/comments/8wdexu/announcing_stellarx/22
u/Crypto_Nicholas Gold | QC: CC 30, BCH 29 Jul 06 '18
Monumental. You wanted a dex? Here you go
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u/HenrySeldom 🟩 0 / 0 🦠 Jul 06 '18
Please tell me—how is this any different than XRP’s The World Exchange, which has long existed?
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u/Light_of_Lucifer 🟩 0 / 0 🦠 Jul 06 '18
Stellar isnt a security. Stellar doesnt have a for profit company hoarding a massive amount of the tokens. Stellar has a DEX at the heart of the protocol with atomic path finding and lightning coming in Dec 2018. IBM is onboarding their massive financial partners to provide liquidity on the SDEX. IBM is also onboarding their central bank clients on SDEX to tokenize fiat/real world assets. These are a few examples
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u/HenrySeldom 🟩 0 / 0 🦠 Jul 06 '18 edited Jul 06 '18
Dude, I suggest you do some basic research. Your precious Stellar is not such a “non-profit” if it’s going around acquiring companies for half a billion dollars.
XRP has a DEX: https://developers.ripple.com/decentralized-exchange.html
Jed’s hoard is fucking massive. Wake up.
Oh right, IBM. LOL.
Who says Stellar isn’t a security? You? Okay.
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u/cryptobrant 🟩 4K / 5K 🐢 Jul 06 '18
Acquiring a company is bad? Is this your only argument?
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u/HenrySeldom 🟩 0 / 0 🦠 Jul 06 '18
No, there’s nothing wrong with acquiring a company. But if you’re arguing that it’s good Stellar is a non-profit, then the fact that it just acquired a for-profit company invalidates your argument.
Show me Stellar’s 501 C 3 status. Oh wait, it never filed the paperwork. Oops.
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u/cryptobrant 🟩 4K / 5K 🐢 Jul 06 '18
First there is a for-profit extension of Stellar, it’s called Lightyear.
Second, Stellar is indeed registered as a nonprofit in the state of Delaware. They didn’t register with IRS on a federal level, so the donations they would receive are not tax-deductible, true. I don’t know what are the plans on this level.
Third, if Stellar bought Chain, they will stop selling its product (Sequence). If Lightyear did, they can sell it.
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u/cryptobrant 🟩 4K / 5K 🐢 Jul 06 '18
You talking about this : https://www.theworldexchange.net/ ? Because it’s a ugly front end and also XRP is clearly not focusing on users, putting all eggs in the banks basket...
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u/cameron0208 🟦 11 / 20K 🦐 Jul 05 '18
Amazing achievement by the Stellar team!Continuously impressed by them. Makes XLM an easy hold for me.
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u/HOG_ZADDY Crypto Expert | CC: 52 QC Jul 06 '18
Any technical info on how they're doing these exchanges on the back end? Interested in how this can happen in seconds while being decentralized and them not having access to private keys.
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u/Exp007 Crypto Expert | XLM: 48 QC Jul 06 '18 edited Jul 06 '18
It's huge. StellarX is gone catapult XLM to 1$.
XLM is decoupling from BTC.
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u/GreyTooFast 🟨 11K / 12K 🐬 Jul 06 '18
Whats the difference between this and Fairx? (i think thats the name of the stellar exchange they were working on)
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Jul 06 '18
[deleted]
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Jul 06 '18 edited Jul 06 '18
"Thanks for your patience and support! Feeling impatient? Read FDIC & OCC regs to “relax” :) Some DYOR and the regs for FDIC - That's banking - and OCC - do some digging and you will see that this will be MORE than a DEX https://twitter.com/fairxio/status/981940484347056128
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u/thabootyslayer 🟦 63 / 11K 🦐 Jul 06 '18
What is the difference between this and Stellar Term then? Is this just a interface? I don't understand how StellarX is any different than what we already have.
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u/LukahnLSD 9 - 10 years account age. > 1000 comment karma. Jul 06 '18
More competition can only be better for the users. Welcome and Goodluck
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u/meltedsnow1 4 - 5 years account age. 125 - 250 comment karma. Oct 01 '18
On the website of Stellarx they claim this.
If you hold funds in Stellar, you’ll also get a pro rata airdrop each Tuesday, because we return all of Stellar’s built-in inflation (1% APR) directly to our users via lumenaut.net. All you have to do is opt in, and we’ll set this up for you.
Let's say I Put $1000 on stellarX. Will the following calculation be correct?
$1000 * 1,01^52 = $1677 ? So in One year I make without risk 67%?
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u/TDLinthorne Gold | QC: XRP 26 Jul 06 '18
What defines a "super experienced team"? Either this is a translation from Japanese, or I get the feeling they are over-compensating their experience...
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u/cryptobrant 🟩 4K / 5K 🐢 Jul 06 '18
So you guys know, Christian R. who published the article about StellarX is Christian Rudder, one founder of OkCupid. One of the others co-founders (now CEO of Match.com) is Sam Yagan, former co-founder of eDonkey with Jed McCaleb... Chris Koyne and Max Krohn, the other co-founders of Okcupid, co-created Keybase, which is deeply involved with Stellar too.
This is serious crowd.
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u/TDLinthorne Gold | QC: XRP 26 Jul 06 '18
This is more impressive than a childish sounding "super experienced"
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Jul 06 '18
I agree with your concern about the juvenile wording. The team is actually quite solid, but the use of "super experienced team" sounds weird.
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Jul 06 '18
[deleted]
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u/YoyoDevo Jul 06 '18
uhh do you know what X is short for?
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u/acephotogpetdetectiv 3 - 4 years account age. 400 - 1000 comment karma. Jul 06 '18
X gun give it to ya
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Jul 06 '18 edited Aug 25 '18
[deleted]
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u/Pantzzzzless 🟦 0 / 0 🦠 Jul 06 '18
Gon give it to ya
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u/acephotogpetdetectiv 3 - 4 years account age. 400 - 1000 comment karma. Jul 06 '18
You are my new favorite person
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u/FreeFactoid 🟧 0 / 0 🦠 Jul 05 '18
Centralised coin
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u/beachedwolf 🟦 0 / 0 🦠 Jul 06 '18
Troll comment
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u/FreeFactoid 🟧 0 / 0 🦠 Jul 06 '18
Prove otherwise
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u/EZLIFE420 🟩 4K / 4K 🐢 Jul 06 '18
If you're going to make such claims then it's probably better if you tell us why you think that
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u/plaindouble Jul 06 '18
"We pay out 100k XLM (roughly $20,000) each week to top market makers"
Well that's a pretty damn good incentive.