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RE: Why Stellar Lumens (XLM/STR) is One of My Favorite Crypto Currencies
Stellar is centralized like Ripple... They have usage but not my cup of tea...
Stellar is centralized like Ripple... They have usage but not my cup of tea...
Yeah, I know they are not quite as decentralized as they could be and plan to be in the future once the demand is there, as I understand it, but certainly not like Ripple anymore, which is owned by a group of corporate banks who tightly control it. Jed has said they have modified the code quite a lot from when he forked it off of ripple, which he also co-founded and left to essentially make it more decentralized by making it a non-profit foundation. Their board of directors is spread out across many sectors. I think their focus to play sort of a middleman between the crypto world and the traditional financial system has a lot of merit though, along with being faster and cheaper than any other I know of. Of course we are still early in this whole new technological revolution and only time will tell how it all plays out. I just feel like the pros far outweigh the cons to give Stellar a real chance at ending up one of the real crypto success stories when it is all said and done. All the best