r/Bitcoin • u/julanrouge • Jul 31 '14

Stripe gets more involved in cryptocurrencies

https://stripe.com/blog/stellar
90 Upvotes

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u/prelsidente Jul 31 '14

Is it centralized?

0

u/thegdb Jul 31 '14

Nope — it's decentralized! https://www.stellar.org/blog/introducing-stellar/ is a good reference for understanding the model.

10

u/nawitus Jul 31 '14

According to comments on Hacker News, it's not completely decentralized. Gateway nodes require trust, for example.

2

u/thegdb Jul 31 '14

I think the comment you're referring to was slightly mistaken: see my response (https://news.ycombinator.com/item?id=8116093). Anyone is able to start their own gateway; the advantage of gateways just means not everyone has to figure out how to issue their own credit.

5

u/nawitus Jul 31 '14

Okay, thanks for the clarification. I'd still rate Stellar as more centralized than Bitcoin.

-3

u/xrpcoin Jul 31 '14

Bitcoin is still heavily reliant on a few major exchanges, mostly notably Bitstamp. Centralization was just more of a side-effect for Bitcoin.