Logged Conversation (all times UTC)
[03:16] <stellar-slack> Hi @joyce , do you have a plan to give each MIT undergrad 100$-Worth of XLM ?
[03:20] <sacarlson> @lab I thought it was up the the holders of STR or XLM to decide what the inflation money went to. if you have assets you have a vote.
[03:20] <stellar-slack> if stellar-core network is ready in production before the beginning of the new term
[03:21] <stellar-slack> @sacarlson : there was 50B XLM for directly signing up for the world.
[03:22] <sacarlson> "directly signing up" what does that mean?
[03:23] <sacarlson> and "was" as there are none yet ?
[03:23] <stellar-slack> if you register a account in stellar, you was given some STR.
[03:24] <stellar-slack> the giveaway was paused.
[03:24] <sacarlson> yes
[03:24] <sacarlson> now you can get free testnet STR to play with
[03:25] <stellar-slack> 1.6B STR was distributed, and 48.4B was hold
[03:25] <sacarlson> I guess they didn't specify a time frame?
[03:26] <stellar-slack> roughly in four years.
[03:26] <sacarlson> and it's been how long?
[03:27] <sacarlson> maybe not enuf people are pointing there inflation parameters to anything?
[03:28] <sacarlson> maybe no one has organized groups to have addresses that we can point the inflation address to?
[03:28] <sacarlson> what do you want me to point my votes to as an address in STR?
[03:28] <stellar-slack> I'm suggesting giving 100$-worth XLM to each new account is registered with @mit.edu email.
[03:29] <sacarlson> ok and how would they organize that as to pointing an inflation address at?
[03:30] <stellar-slack> inflation is not practical in months
[03:30] <sacarlson> and who would trust that the person that they send the acumulated funds gives them to mit.edu
[03:30] <stellar-slack> because the high threshold to be a valid inflation pool
[03:30] <sacarlson> well then you have alot of work ahead of you with only months
[03:31] <sacarlson> you should have started it early
[03:32] <sacarlson> when you have an address and show me your white paper and claims, I'll take a look and maybe point my inflation at it
[03:32] <stellar-slack> I suppose the giveaway is organized by SDF team
[03:32] <sacarlson> stop telling others to do it. it's up to you
[03:33] <sacarlson> maybe that is separate money?
[03:33] <sacarlson> as you might have noticed STR is in deflation mode so by flooding more of it on the market at this time would just reduce the price
[03:33] <stellar-slack> the fund is from "Direct signup program" instead of any inflation pool.
[03:34] <sacarlson> well they are also responsible to stabalize the price of STR so maybe they have to hold for that
[03:34] <stellar-slack> the STR for "Direct signup program" HAS to be distributed
[03:35] <stellar-slack> so we are talking about to do it better
[03:35] <sacarlson> "HAS to" them strong words
[03:36] <sacarlson> I guess the STR belongs to them so they can do with them as they please
[03:37] <stellar-slack> yes, the distribution model is in SDF's mandate they announced in the first day of stellar.
[03:37] <sacarlson> but I am giving away 30 STR for the first 20 people that test my P2P poker system, so don't say we didn't give you something
[03:39] <stellar-slack> 1.6B was distributed and most was distributed to farmers.
[03:40] <sacarlson> https://github.com/sacarlson/pokerth_accounting/wiki has info on the new Stellar P2P poker system for the offer above
[03:42] <stellar-slack> promising project.
[03:45] <sacarlson> we did better than give you free STR we give you FREE unregulated poker. people all over the world pay Billions of USD today to play poker now you have it for free
[03:48] <stellar-slack> winner of game will gain worthless points?
[03:49] <sacarlson> @lab yes by default we test with worthless currency that is traded over Stelar testnet
[03:49] <sacarlson> the currency is called CHP
[03:50] <sacarlson> however there are settings on the configs that allow you to point to real Stellar or Ripple assets if you want to test that out
[03:51] <stellar-slack> I see. if CHP is traded in fiat currency, it will be regulated
[03:51] <stellar-slack> if CHP is traded in STR/XLM, you should care about the distribution model
[03:51] <sacarlson> yes it may be. or you could just point at USD or BTC
[03:51] <sacarlson> as the pot to play with
[03:52] <stellar-slack> bad distribution model will loose users
[03:52] <sacarlson> at this point we plan to keep CHP worthless only used as a way to keep score on pokerth that plays now on a ranking system with no money
[03:53] <sacarlson> it will always be wothless to those that don't want to play in real money
[03:53] <sacarlson> for those that want to play in real assets they will have to choose what asset they want to play
[03:54] <sacarlson> The present distribution model for CHP is you get 100,000 CHP for a registered user name on poker-hero.com
[03:55] <sacarlson> you can look at the Stellar open accounting data and see who won what money from who and when
[20:14] <stellar-slack> @lab hello! Would it be okay if I dm you?
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