News for hackers. Stuff that matters.

A comment on 2018 Stellar roadmap. Parent comment

Re:2018 Stellar roadmap by bushido on Thursday January 25, 2018 @04:04PM (#16234656)
Per Stripe's original announcement[0] in 2014 – the net profits from any sale go back to the Stellar Foundation:

>> When the opportunity arose to help Stellar, we enthusiastically agreed. A couple of months ago, Stripe contributed $3M to help get the project going. In return, we received 2% of the stellars. However, the project is not run by Stripe. We just believe that a system with properties like Stellar's should exist in the world, and we heartily encourage anyone interested to participate in its development. We're going to auction a majority of our stellars to other interested companies, with any net profits being returned to the Stellar Foundation

[0] https://stripe.com/blog/stellar

[ Parent | on HN ]
Re:2018 Stellar roadmap by aaronmarks on Thursday January 25, 2018 @07:10PM (#16235994)
Doesn't say the net profits from "any sale" go to the Stellar Foundation, only the net profits from the "auction [of] a majority of [their] stellars." Presumably they could sell for profit their 1 billion stellars for profit without violating this pledge.
[ Parent | on HN ]