'Bad Blood' Between Ripple and Stellar Aired in Tell-All Report
This article has been updated with new critiques of the New York Observer report. TheNew York Observer has published a near 15,000-word story that takes a detailed look at the alleged historical "bad blood" between decentralized payment network startups Ripple Labs and Stellar, and the impact of this relationship on events in the wider bitcoin ecosystem. "The interpersonal story of Stellar and Ripple Labs is emblematic of the turmoil roiling the entire industry," the article, penned by Michael Craig, reads. "It has everything: sex, huge money, fraud, genius, betrayal, international....
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Apparently, there are some very angry feelings between payment network startups Ripple and Stellar, and the New York Observer has published a 15,000 word article spilling all the juicy details. Apparently, Ripple and Stellar were going out for quite some time. They were thought to be the cutest couple by all of their friends, and their families were sure an engagement was imminent, but then it turned out that Stellar was cheating on Ripple with a bitcoin mining operation all this time. Ripple discovered the sensual love letter hidden in a closet and decided to confront Stellar a week....
A recent unintended ledger fork in the Stellar network led to a temporary disruption of its transaction system and a broader debate about the integrity of the Ripple consensus protocol. The debate began on 5th December, when Stellar Development Foundation (SDF) executive director Joyce Kim published a blog post outlining a fork in the Stellar network that the company attributed to problems within the Ripple consensus protocol. Both Ripple Labs and Stellar use the open-source protocol to provide competing transaction networks that allow fiat money to be sent over the blockchain. The....
Although it has yet to overtake Ripple, Jed McCaleb's Stellar has performed respectably in its first several months. The payment gateway's native currency has consistently remained in the top-twenty on the market cap charts. However, the stellar price has not been living up to its name over the past couple weeks. Also read: Stellar Price Rises Despite Bitcion Price Drop. Stellar Price Reaches Three-Week Low. On October 9, the stellar price fell to 662 satoshis, which marked a three-week low for Ripple co-founder Jed McCaleb's latest altcoin project. As recently as September 29, the stellar....
Update: Stellar's Jed McCaleb has issued a statement on the issue. While he does not deny that the code has been changed since its fork from Ripple, he does maintain that the Ripple protocol could be at risk. The "TL;DR" version he posted can be found at the bottom of this article, along with the full version here. The remainder of the article, saving for the quote at the end, is in its original form. A failure in its consensus system has caused a hard fork of the Stellar network, forcing its creators to switch to a centralized system while it awaits an upgrade. In the meantime, Stellar....
Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched. McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs. The new platform is a decentralized gateway for digital currency to fiat currency transfers, The Wall Street Journal reports. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called 'stellar'. McCaleb's announcement follows months of rumors about....