Re:WallStreetBets members adopt 3,500 gorillas in six days
by dieortin on Thursday March 18, 2021 @09:57AM
(#26502711)
Stellar is centralized though, so it completely misses the point.
Re:WallStreetBets members adopt 3,500 gorillas in six days
by doomslice on Thursday March 18, 2021 @10:31AM
(#26503089)
Anyone can participate in consensus, but you do have to be trusted by someone else who already participates in the trusted consensus, so you're right that it's not completely decentralized (but is also not strictly centralized either).
Here's a current visualization of how many participants there are: https://stellarbeat.io/
It is also insanely cheap (like $1... and even that is just "held" in the account and can be released later) to "mint" a new coin and thus is practically perfect for NFTs.
It's seen as sort of a joke in the crypto world by those who are only trying to make a buck (price of XLM, used for paying transaction fees, is relatively stable compared to others) but I think it's one of the few cryptos out there that has a chance of making a real difference in the world long term.