RE: Why Stellar Lumens (XLM/STR) is One of My Favorite Crypto Currencies
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