IJCH - Inside JaiChai's Head (meaning: My warped, personal opinions and musings)
From the Author
Salutations. I am JaiChai. And if I haven't had the pleasure to make your acquaintance, it's always nice to meet a fellow Steemian.
(IJCH) Stellar - From Ripple Fork To Ripple Contender (The State Of Cryptocurrency Report)
Many years ago, I was a moderator on XRPTalk when Jed McCaleb had to send me XRP to prove he wasn't a poser trying to cash in on the McCaleb legend.
Jed McCaleb is an American programmer known for creating the peer-to-peer technologies eDonkey and Overnet.
He founded the company Ripple in 2011, which he left in 2013, and went on to develop Stellar in 2014. In January of 2018 McCaleb's Ripple token ownership were worth $20 billion, which would put him at 40th place in Forbes' list of world's richest people.
(https://en.m.wikipedia.org/wiki/Jed_McCaleb)
Jed also created Mt.Gox and then sold it to French developer Mark Karpelés (who quickly mismanaged it into the ground and will always go down in cryptocurrency history as the man responsible for the first, biggest bitcoin hack/theft ever).
Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan. Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange.
In February 2014, Mt. Gox suspended trading, closed its website and exchange service, and filed for bankruptcy protection from creditors.In April 2014, the company began liquidation proceedings.
(https://en.m.wikipedia.org/wiki/Mt._Gox)
Jed and Ripple Corporation began having disagreements about the future of XRP and subsequently split apart.
Immediately thereafter, Jed created Stellar and airdropped thousands of people (including myself) a generous amount of their tokens called Stellar Lumens (Symbol: XLM).
Since Jed forked Ripple and then created Stellar, it was just a matter of time for Stellar to enter the list of the Top Cryptocurrency Elite - and rival Ripple.
Why I Support Stellar - A Short, But Impressive List
Here's a short list of why I've supported Stellar from the beginning:
- >1,000 tps.
- <4.96 seconds transaction time
- <$0.00001 transaction fees
- Smart Contracts
- Ever-Increasing Partner Base (including IBM)
- Hardware Support (Ledger Nano)
- Proven ICO Platform (Mobius and Smartlands)
- DApp Migrations (Kik, SatoshiPay and more)
As Dan Larimer says, "No new crypto survives first contact with the Market."
Stellar's proven protocol has been live on the market for over two years and grows more robust with every upgrade.
Stellar - The State Of Cryptocurrency Report
Stellar's "State Of Cryptocurrency Report" is a great read. It is both insightful and funny; definitely not in the "TLDR" (Too Long, Didn't Read) category.
See it here:
By JaiChai
Thanks for stopping by.
About the Author
JaiChai has been in the Disruptive Technology, Computer Science and Cryptocurrency spaces for many years. He is an enigma, regarded by his cohorts as sarcastic, funny, intuitive, but most of all - elusive. He’s known for randomly submitting philosophical and contrarian posts on several diverse forums.
When asked about his vanishing acts, he says, "I’m just somebody who enjoys being nobody because I look like everybody. Besides, time checking things off my 'bucket list’ - sans notoriety - is time well spent.”
If you enjoyed my post, kindly: Upvote, Follow, Comment and Resteem.
Your article if full of information that is very useful, I appreciate and thank you for taking the time to share this information, and being an active part of the community!💎
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@cryptododge42,
You are very welcome.
Thank you for visiting and commenting.
Upvoted your comment and following you now.
May you and yours be well and enjoy life today.
Namaste,
JaiChai
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I appreciate it😊
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Great writing. I'm holding a bunch of XLM too.
Please take a look at https://credits.com If they pull off what they attempt they'd kill both XRP and XLM. They had some great ideas on their medium blog too. The only concern is the team itself. The rest of things are top notch.
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Just applied for ICO whitelisting with credits.com.
Thanx, man!
JaiChai
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Happy to help!
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@vimukthi,
Thanks.
I'll check it out.
Namaste, my friend.
JaiChai
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Stellar is the first coin I bought. Great article btw ;)
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@doctorcro,
Thanks for dropping by and of course, your kind praise.
Upvoted your comment and following you now.
May you and yours be well and love life today.
Namaste,
JaiChai
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I didnt realize stellar was a fork or ripple.. i think im going to read the whitepaper now.. i wish i would've gotten in on it a year ago :/ better late than never right!
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@moderndayhippie,
Thanks so much for visiting and commenting.
Here's the .pdf about Stellar's consensus mechanism:
https://www.stellar.org/papers/stellar-consensus-protocol.pdf
May you and yours be well and love life today.
Namaste,
JaiChai
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That you are holding Stellar I understand, hell I haven't even sold all of my lummens! But you actively supporting it doesn't feel right JC.... Jed's actions towards Ripple and XRP holders (like yourself?) don't spell out good karma for me to be honest.
Also Stellar being non-profit and focussing on the developing world... And than partnering with IBM to increase the speed of global payments is a bit confusing for me.
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@originalworks
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@steem-untalented
#untalented
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This post has received a 0.09 % upvote from @drotto thanks to: @banjo.
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