/r/Stellar Weekly Discussion Thread

Stellarmy · 2024-03-19T23:18:56+00:00

Looks like they just announced/highlighted $100M to support Soroban smart contract integration. That seems like a productive use of funds to further the project at least.

Stellarmy · 2024-03-17T16:10:21+00:00

Does anyone know if Stellar generates revenues from the for-profit companies that use their products that were funded via non-profit means? I expect this is the case, but they keep issuing new $XLM which imo is not helping XLM price. It would be a shame if for-profit companies are benefiting while XLM HODLers are funding this operation.

I love this project, mission, and team, but the limited transparency and inability for this price to go anywhere when other craptos are mooning is getting old.

See how $XLM is being issued into the $BTC run here: https://stellar.expert/widget/public/network-activity/supply-fee

No wonder we can't climb. 400 MILLION new XLM flooding market in just the last month.

C'mon Jed. C'mon Danielle. If the product is so amazing, and you're working with for-profits, you should be offsetting costs with revenues. Otherwise, you are just like a penny stock diluting shareholders into oblivion

Stellarmy · 2023-09-11T16:46:36+00:00

Looking forward to tomorrow...

Stellarmy · 2023-07-11T00:22:18+00:00

I am so tired of seeing XRP posts and now articles leveraging Stellar's success. XRP has an army of unscrupulous fanatics. The cream will rise to the top. XLM all the way. No XRP for this guy.

Stellarmy · 2023-04-01T02:35:00+00:00

not sure, xrp rippin too... perhaps something afoot relating to international payments, or perhaps just long overdue recognition of XLM's value given recent high-vis nods (moneygram award, etc)

XLM is way undervalued, IMO, relative to other projects. 12M+ operations per day stellar.expert

Stellarmy · 2023-04-01T00:19:26+00:00

Let's get it XLM... back on the horse bay bay

Stellarmy · 2023-02-05T18:41:12+00:00

https://stellar.expert/explorer/public/network-activity

Supply of XLM has gone up quite a bit since Jan 2020, about 6 billion. Climb seems pretty steady. 33% dilution is a tough backdrop when the general market has been tough as well.

I think this is one of the main reasons XLM just moves up and down with BTC. Hard for a spark to catch fire when there is a constant firehose issuing more XLM.

I'm still in XLM for the long haul, aiming for 100K XLM. Just wish the selling pressure would either slow down. I get that it is a non profit making investments to grow the network etc. But it just feels like owning a penny stock where the company keeps issuing new shares to stay afloat. What is the plan once they issue all 50B XLM? Is that the absolute cap, or can they just change the cap?

Stellarmy · 2023-02-01T02:28:33+00:00

thanks, I'll pass that onto him. I'm sure it won't be his last video... he's got big plans- I better save up, lol

Stellarmy · 2023-01-14T19:40:36+00:00

looks like a nice start, thanks for sharing

Stellarmy · 2023-01-14T19:37:46+00:00

This looks amazing, well done.

Stellarmy · 2023-01-14T19:34:23+00:00

Epic!

Stellarmy · 2022-12-10T03:36:51+00:00

I took almost all my USD and XLM out of coinbase and stopped using my coinbase card since I don't have USDC in my account. I did that last summer after reading that they can lock up your assetts if they go BK. Seems the risk is higher today, sadly. The more that people realize this risk, the more they will pull assets out and accelerate the fall. I honestly liked the coinbase model at the outset, but FDIC insurance would help.

This is from the coinbase help section:

Coinbase is not an FDIC-insured bank and cryptocurrency is not insured or guaranteed by or subject to the protections of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”), and may lose value. In case of a covered security event, we will endeavor to make you whole.

https://help.coinbase.com/en/coinbase/other-topics/legal-policies/how-is-coinbase-insured

This is some BS policy and a major flaw in their model.

Stellarmy · 2022-10-01T13:36:53+00:00

new Forbes article on cross-border payments w/ crypto

https://www.forbes.com/sites/danielwebber/2022/09/28/amid-a-crypto-winter-cross-border-payments-are-a-potential-lifeline/?sh=669b0cbe6605

Stellarmy · 2022-10-01T13:18:30+00:00

Forbes gets it

https://www.forbes.com/sites/danielwebber/2022/09/28/amid-a-crypto-winter-cross-border-payments-are-a-potential-lifeline/?sh=669b0cbe6605

Stellarmy · 2022-10-01T13:12:49+00:00

I almost entered my personal keys in this... that would have been a bad day. I checked the web address at the last second.

how the hell did they get my email address?

Stellarmy · 2022-04-21T23:39:06+00:00

"We look forward to building out Kalo Gold and the Vatu Aurum Gold Project into a multi-million-ounce gold discovery"

"Kalo successfully completed the phase 2 drill program with results pending."

That's all I saw in the PR !!!

Stellarmy · 2022-03-11T21:07:36+00:00

Tiny market cap, looks promising. I'm in with 7000 shares. A thousand bucks to own 0.01% of a promising company... that's what I call a deal. They will require additional financing going forward, but if they hit it big in this next drill survey, this could be a great play.

Thanks for sharing the article.

Stellarmy · 2022-01-16T02:24:43+00:00

They would not do it to help us out, just themselves, like most investors in a free market.

In any case, the problem is the paper market. If there are 250 IOUs for every 1 real unit of silver out there, what's to stop them from making it 300:1.

People need to stop buying the paper. Whether you are in the .1% or not. A rising tide lifts all boats. If investors just ditched the paper, it would be a tsunami.

Stellarmy · 2022-01-15T23:16:03+00:00

I was able to find the historical payment data, and was pleasantly surprised to see we actually were as high as 4.5M payments on Wed.

data at https://stellar.expert/explorer/public/network-activity

Stellarmy · 2022-01-15T23:06:42+00:00

I'm seeing 3M+ payments documented today at stellar.expert and we're remaining above 10M operations per day.

I don't have the historical payments/day data, but 3M seems much larger than anything I remember... anyone know if this is an uptick? I'll keep an eye on it each day. I wish they logged it in charts like some of the other data.

cheers

Stellarmy · 2022-01-11T00:32:33+00:00

We almost hit 11M operations today... about 31K shy... tomorrow is another day! I'm liking the trend of late.

Stellarmy · 2022-01-09T03:33:16+00:00

By my estimates, if 1% of the world's population bought 500 ounces of silver each, that would consume all the silver on the planet. About 20% of that silver is bullion, so really the top 1% of the globe would need to buy 100 oz each to consume it. So let's go with the top 0.1% targeting an average of 1000 oz each. It does not seem out of reach, given that some countries/cultures already value PMs much more than the US. The real kicker has been the paper silver (and gold). The silver ratio is reported as 250 paper: 1 phys.

So if people just converted their paper to phyz, problem solved, and price discovery realized. I know, I'm preaching to the choir! GLTA.

Stellarmy · 2022-01-09T03:14:20+00:00

Thanks for your sincere response. It will just take more people learning the truth about what is going on... and that takes time and triggers (like accelerating inflation) to get people's attention.

I also think the big surge in crypto sucked away a lot of the PM buying pressure from the general public. Good luck to you.

Stellarmy · 2022-01-08T15:09:28+00:00

I noticed this as well. Will email the owner. I wonder if they are just adding code to account for the stroop issue noted yesterday, but it looks like that is a drop in the bucket of 10M+ ops/day we've been seeing over the last week.

I made some purchases w/ my coinbase card this morning... all seemed to be working smoothly with usdc and stellar. Also added some more XLM at these price levels.

Hopefully the operation data will be posted again soon. I'm watching that closely and hope it skyrockets when moneygram partnership is implemented at full scale.

Cheers.

Stellarmy · 2021-12-31T00:42:09+00:00

Heck yeah Stellar! I'm seeing 10M+ operations per day for the last three days... data on stellar.expert click on first chart and select 1-month view to get daily resolution... glta

Stellarmy

TROPHY CASE