Ethereum is a bet that 1) Sharding will arrive in time. 2) Proof of stake holds up against state actors. 3) Flaws that lead to this summers Parity hacks can be overcome. No idea why people recommend this coin at current price level. Awful Risk/Reward
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Well the protocol is cool. But on a social level that kind of wealth consolidation would never be permitted.
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I thought Ripples consensus mechanism failed in Stellar this past summer? Stellar had to created a new version of PBFT. Stellar's validators being chosen buy the community is a novel feature as well. Either one being treated as money by the market blows my mind though.
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Stellar didn't understand most of the Ripple tech they took. Their ledger forked when they violated the constraints of the consensus protocol. The same thing would happen if you used PoW and had only two mining pools of equal power that disconnected from each other. 1/2
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The only time they ever mentioned all the tech they copied from Ripple was when they broke it and blamed it on the tech. Their conduct in their early days (and not just this one thing), IMO, should never be forgotten. 2/2
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David, now that is interesting. I wasn't aware of the backstory. I'll keep it in mind going forward, thank you.
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You're welcome. For the record, I'm not at all bitter. ;)
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Stellar is Still a good coin to hold
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If all you care about is making money and don't care about principles or anything like that, there have definitely been times when I thought Stellar was likely to go up based on pure technical analysis. 1/2
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