Stripe paid $3000000 for 2000000000 stellars @$0.0015. He's paying up to $2 for 5000 stellars @$0.0004. So the MT are selling it at a 25% of the Stripe price.
IF stellar is a success, hoarding can be a good idea. But if this has a fate similar to to Auroracoin (also heavily premined, handed out for free to everybody) the price may drop 20 fold: http://en.wikipedia.org/wiki/Auroracoin
Comments
Stripe paid $3000000 for 2000000000 stellars @$0.0015. He's paying up to $2 for 5000 stellars @$0.0004. So the MT are selling it at a 25% of the Stripe price.
IF stellar is a success, hoarding can be a good idea. But if this has a fate similar to to Auroracoin (also heavily premined, handed out for free to everybody) the price may drop 20 fold: http://en.wikipedia.org/wiki/Auroracoin
And it will. There's nothing revolutionary about Stellar. It's a fork of Ripple (the founders of which already cashed out).
Instead of inventing yet another premined coin Stripe should have integrated Ripple.
They should have integrated Bitcoin.
Yeah, they should have.