663 karma · joined March 18, 2009
https://angel.co/joycekim
With the growth of the Internet and the open-source movement, we, the tech industry, understand why open protocols and technology are crucial to providing access and opportunity to more people. I am a big believer in for-profit companies too, but there are certain things in tech that should be executed with a more philanthropic bent. When asked why Stellar.org is nonprofit, decentralized and open-source, we reply, "Can you imagine if the Internet had been owned by a for-profit company?
The thesis of Parker's post in the WSJ really struck a chord with me. There is a unique role that technologists can to play in philanthropy. We understand infrastructure and we should be funding the big tech bets that the world needs. Our industry is full of the unreasonable optimists - let's take that optimism and invest in an unbelievable future:)
And thanks for the kind words - in our view, to handle the last mile problem, we need to build things to be accessible and as modular as possible which will hopefully make things much easier for developers everywhere. By bringing down the barriers of use of the code base, we will hopefully see more developers building things for their local communities and starting to fill in the gaps in the last mile. Goal: let a thousand flowers bloom!
We know it’s part of our jobs to make these ideas understandable. That way more people can join the dialogue and think of ways this infrastructure can be used to build services for their communities, which may be really far from the nearest computer science program. So we decided to add a lighter approach in hopes of making it fun for people to learn.
We do not have the ability nor do we want the ability to control other people's nodes.
Since Stellar only launched 4 months ago, the number nodes in the network was still small. In the future, when the network is on the new consensus system and able to run safely in a truly decentralized, then it would be up to individual nodes to decide what to do.
Hope that clarifies things.
In addition, Graydon Hoare (creator of Rust) has also joined the Stellar team from Mozilla. Now that Stellar supports over 2.3 million wallets, making it the largest implementation of this system, we have found certain scaling limitations of the core tech. Graydon is one of the developers spearheading efforts to make Stellar capable of scaling well beyond its current limitations.
Once these two efforts are complete in a few months, I think you will feel much more comfortable with the robustness of the Stellar protocol.
- https://www.stellar.org/blog/introducing-stellar/
- https://stripe.com/blog/stellar
Thanks!
- Stellar is a nonprofit. No one owns it. The board and advisors represent a diverse group of people in tech, finance, nonprofit and academia to encourage cross-pollination of ideas. The board is also required to expand to 5 members by year-end.
- Almost all the stellars will be given away for free (95%) because the goal is to educate and provide access to digital currency/financial services. This is really good for cryptocurrency as a whole because it provides access to a huge segment of the world that would not have access to digital currency otherwise.
This should all help the effort be open and transparent.
Also, mining obviously has many benefits, but it's still limited to people who are highly technical and/or who have money to spend. We wanted to provide much broader access to digital currency, and so stellars will be given away for free at the click of a button.
To encourage transparency, anyone can see how many stellars have been given away here: https://www.stellar.org/stats/
Also, anyone can create an account/wallet without even registering your email. FB auth is only for the giveaway.
The Innocence Project still has a huge backlog of cases. Legal cases are incredibly long and expensive. A single DNA test costs thousands of dollars. Donations mean everything here. Thank you.