Matt Odell on Stellar

a photo of crypto expert reviewer Matt Odell

Matt Odell is the co-founder of CoinPrices, a site that delivers news and analysis on cryptocurrencies.

expert reviewed cryptocurrency Stellar logo

Stellar is a cryptocurrency founded in early 2014 by Jed McCaleb and Joyce Kim. Stellar is a fork of XRP that is focused on connecting banks, payment systems, and people.

Finance and payments Decentralized exchange

Stellar reviews by Matt Odell

πŸ”‘ 0 positive | πŸ’© 2 negative

2018

  • πŸ’©

    Why is Stellar a shitcoin?

    - 1. Too centralized to ever be truly censorship resistant.

    - 2. Will probably be regulated into obsolescence eventually.

    - 3. Airdrop required KYC.

    - (4) Centralized tokens running on your chain don't add value, they can switch chains relatively easily.

    2018-12-22 | Full Review

  • πŸ’©

    Stellar famously brags about distributing 20% of Stellar to Bitcoin holders but required us to tie our Bitcoin addresses to our identities to claim them. They also blocked all U.S. users from participating through a FB-based KYC method, if I recall correctly. Stellar is a joke.

    *yawn* Stellar is a joke.

    2018-11-06 | Full Review

More Matt Odell reviews

Compare Matt Odell's Stellar reviews with other coins.

πŸ’©

The incentives seem broken. If Nano is successful, then the representative nodes are going to cost a lot of $$ to run, and they don't get paid. As a result, I think the network will remain centralized.

2018-06-12 | Full Review

By flagging/freezing the stolen funds, the NEM Foundation has proven what many of us have suspected for awhile now: NEM is way more centralized than it appears at first glance.

With so much control over the network, the NEM Foundation is now a target for regulators.

2018-01-29 | Full Review

πŸ’©

some chains are setup in a way that either intentionally or indirectly create an incentive to game the gini coefficient.

Mostly PoS & MN chains. Dash for instance requires you to split up funds in 1000 dash chunks to run MNs. Makes rich list look way more distributed.

2018-09-28 | Full Review

See all Matt Odell reviewsβ€”>

More Stellar reviews

Compare Matt Odell's Stellar reviews with other expert reviews of Stellar.

πŸ’©

Stellar didn't understand most of the Ripple tech they took. Their ledger forked when they violated the constraints of the consensus protocol.

2018-02-11 | Full Review

πŸ”‘

[Stellar's] perspective is serving smart assets and decentralized exchanges. They've spent more time on the layers of the settlement, leading to a fast and diverse set of financial applications that can be built on top of XLM.

2018-01-06 | Full Review

πŸ”‘

The biggest competitors for LTC and BCH? Stellar and RaiBlocks. These coins were architected for payments that provide low / zero fees, high throughput, and fast confirmation. They provide these solutions today, and there are no hidden tricks like subsidizing transactions.

2018-01-01 | Full Review

See all Stellar reviewsβ€”>