How can you ensure that a financial network is impartial?
You can't, that's why bitcoin is build by trust on an algorithm, not on humans.
> If a distributed financial network is going to succeed, I believe that it has to be run by an impartial organization.
Re:Stellar
by spacefight on Thursday July 31, 2014 @03:08PM
(#8116277)
Why should there inflation be built-in at all? Or prohibited at all?
Sorry, mostly I was just alluding to the fact that most of the board is composed of external members.
> In any case, I'm more interested in hearing about how Stellar is or isn't like Ripple. Is it essentially the same technology with a different governance structure on top of it? If not, in what way(s) is it different?
There are technical differences (like the inflation), and they'll diverge more over time, but I think the technical differences are of secondary importance relative to the issues around coin distribution and governance. If a distributed financial network is going to succeed, I believe that it has to be run by an impartial organization.