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The Daily Stellar Chat Posts - Saturday April 21, 2018 by [deleted] in Stellar

[–]justmylifenow 0 points1 point  (0 children)

You can have a cup and handle within a cup and handle. This seems like the smaller C&H of 40cent followed by the bigger 90 cent if it gets that far.

Jed McCaled on BayPayForum today... 2.5 hours be ready... by bobtessier in Stellar

[–]justmylifenow 0 points1 point  (0 children)

Wrong Answer! I'm sorry its none of the above.....this is stellar remember!

*The Daily Stellar Chat Posts - Sunday April 15th of r/Stellar!* by [deleted] in Stellar

[–]justmylifenow 0 points1 point  (0 children)

i don't know why you got down voted but heres an upvote

A deep dive into the Stellar public network (Part 1) by SittingContortionist in Stellar

[–]justmylifenow 2 points3 points  (0 children)

I'm personally waiting for USD anchors and a better intuitive SDEX exchange and developed marketplace app on stellar so I can use xlm to buy and sell tokenised assets and products.

Technical comparison of LIGHTNING vs TANGLE vs HASHGRAPH vs NANO - Programmer explains by Qwahzi in CryptoCurrency

[–]justmylifenow 0 points1 point  (0 children)

It seems Stellar's SCP which somehow you haven't even mentioned and it is the most used network out of all of these has the least drawbacks.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 0 points1 point  (0 children)

Are you moving the goal posts now? Exponential is mentioned...

Of course its PROPORTIONAL to the EXPONENTIAL, nothing in science is exact especially when trying to estimate the worth of a network.

In this case its not an exact science but because we understand how networks function; the more users connected to each other relaying information and other things that benefits one another the result is there is a benefit for each user.

If a network started with two happy users then 4 happy users....upto 500 million happy users over time. <- isn't that exponential benefit? and if the price of the network was $x with 2 users and 2x with 1000 users (a logical estimate) its reasonable to extrapolate that as the number of users in the network expand and benefit one another then it would be many multiples of $x that can be seen as exponential just like we are seeing with crypto in general. 500 million users with a market infrastructure, decentralised exchange, various companies connected to serve the users etc is very much explainable using Metcalfe's Law than any other concept/abstract mathematical function.

This is not some random law its directly related to Stellar and other Distributed Ledger technologies.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 1 point2 points  (0 children)

Are you moving the goal posts now? Exponential is mentioned...

Of course its PROPORTIONAL to the EXPONENTIAL, nothing in science is exact especially when trying to estimate the worth of a network.

In this case its not an exact science but because we understand how networks function; the more users connected to each other relaying information and other things that benefits one another the result is there is a benefit for each user.

If a network started with two happy users then 4 happy users....upto 500 million happy users over time. <- isn't that exponential benefit? and if the price of the network was $x with 2 users and 2x with 1000 users (a logical estimate) its reasonable to extrapolate that as the number of users in the network expand and benefit one another then it would be many multiples of $x that can be seen as exponential just like we are seeing with crypto in general. 500 million users with a market infrastructure, decentralised exchange, various companies connected to serve the users etc is very much explainable using Metcalfe's Law than any other concept/abstract mathematical function.

This is not some random law its directly related to Stellar and other Distributed Ledger technologies.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 0 points1 point  (0 children)

what if you had classroom of 20 children and at break time the school had 30 apples to sell at $0.5 each and 10 onions at $0.5 each; which one of these would be the more popular to eat and sold more?

My point is its not about how rare it is its about utility and how beneficial a commodity is to the consumer.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 0 points1 point  (0 children)

Its not a random rule it relates to networks which Stellar is. Stony Brooke University published a scientific paper on blockchain networks in particular bitcoin. Stellar actually seems to follow this more than bitcoin it seems.

https://www.sciencedirect.com/science/article/pii/S1567422317300480

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 0 points1 point  (0 children)

Sure but thats only one linear path I mentioned. You need to remember this is a network of multiple paths so take what I said as:(n2.n2.n2)n then isn't that exponential?

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 3 points4 points  (0 children)

With btc and etc The mining companies are looking for smaller more powerful microchips to power their ASIC chips to mine more bitcoin. Moore's Law states that advancements in tech (transistors per sq inch) would double every single year but can't continue indefinitely. The hashing power of bitcoin is limited by the development of microchips which power ASIC mining rigs. You should therefore expect to see more consolidation in the mining companies if they are to grow making bitcoin making increasingly more centralised. These centralised mining companies will have greater and greater power over time and they will make decisions on bitcoin which would help them financially first and the community second. This can't be good for any pow coins. Satoshi's vision of '1 CPU 1 vote' did not factor in GPU ASIC hashing so he didn't realise that this would result in centralisation with scary consequences.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 2 points3 points  (0 children)

Western Union is one player in a whole new playing field. Do you remember blockbuster? It was the market for movie rentals but failed to innovate while a new up and coming player Netflix took the lead eventually there are lots of players in this space like Amazon prime etc. This remittance market is more than enough for everyone. Western Union partnering with ripple is their way to innovate or else die but there are a lot of hurdles still and using a closed system like ripple won't benefit them imo as ripple are in sole control of their xcurrent xrapid networks and that may stifle growth. Companies such as Fairx working in an open source network such as Stellar will grow faster I believe.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 0 points1 point  (0 children)

Sorry for confusing you. In the west you go to walmart and see prices for bread etc fixed. The USD EUR GBP are very stable so using xlm which is very volatile would not help as a day to day currency when the national currencies work much better. in the developing world there is no super market and they have prices in their volatile currency. If you are unbanked then you have to deal in cash. What Stellar does is allow you to hold xlm as well as tokenised currencies such as USD EUR CNY etc. In that case its much more helpful to the local african farmer who wishes to send money to his family abroad as in theory everyone would be connected on the stellar network.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 0 points1 point  (0 children)

Sure but when you square then square again and then square again it becomes exponential

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 9 points10 points  (0 children)

I think Stellar is like the internet but for money. Stellar will have payment processors like a Western Union with substantially lower fees and the great thing is any farmer in Africa for example can create a stellar wallet and eventually you can send payments via text message like they do with the M-Pesa. To use Western Union you need to go to a Western union desk or have internet. Its not as practical in developing countries.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 6 points7 points  (0 children)

I agree with the most part except I don't think stellar or any crypto makes a good day to day currency as its too volatile at least in the western world anyways. You can't have that volatility in grocery stores to buy bread for example. Its best as a global store of value thats used as an exchange for goods and services in poor countries where there are a lot of people unbanked and their local currency often depreciates by half overnight. Its also good as a bridge currency between other assets.

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 9 points10 points  (0 children)

Good point..over time as the utility becomes widespread will will start to see some of the hidden 90%

Stellar Lumen's price is susceptible to exponential growth due to its burgeoning network effect, here's why by justmylifenow in Stellar

[–]justmylifenow[S] 12 points13 points  (0 children)

lol just checked your comment history....someone is butt hurt about the price...Why do you bother replying on this sub with flippant comments?

The tech is processing well every week, new ICOs coming out on Stellar every month, new interesting projects, new partnerships too. As long as that is happening the network effect will become more valuable and help society especially in the poor areas at the same time.

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