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This kind of looks like a re-branding of Ripple. Ripple had a lot of image issues after one of the founders quit accusing the company of unethical behavior. Kind of unfortunate that Stripe would through their weight behind Ripple in any way.

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Yeah, the image issues were unfortunate -- but the tech is good, and Jed and David have a lot of promising ideas about how to make it even better. Jed and Joyce have been scrupulous about being fair and transparent in how the Stellar Foundation is structured. There's more about this (including governance documents) at https://www.stellar.org/about/.

I'm actually more excited about David joining this effort (and entering the cryptocurrency space) than anything else. Stellar, also, looks promising (-:

The founder that quit is the one who founded Stellar.

He is also the one who dumped 9 billion XRP after that argument.

To put this in some perspective, 9 billion XRP is from what I can tell slightly more than the total amount in circulation prior to him dumping all his. It was fairly damaging to Ripple overall and anyone holding XRP lost quite a bit from it.

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