New Bitcoin challenger launches (It's not another Coin)

Communities Science, Engineering, & Security
1

Well from what I could gather, it's a new form of currency "like" Bitcoin but it's not another "coin" cryptocurrency.

The new currency is backed up by San Francisco start-up Stellar Development Foundation with it's board consisting of PayPal co-founder Keith Rabois, YCombinator partner Sam Altman, AngelList cofounder Naval Ravikant and Automattic CEO Matt Mullenweg and various others.

At first when I read the headline I was like, oh no, not another coin!, but this seems different but at the same time I see it more as a Western Union challenger rather than a Bitcoin challenger. I don't know, I'm an idiot.

What are your thought on this Oh Wise Individuals of The TekSyndicate Realm

http://fortune.com/2014/07/31/stripe-launches-bitcoin-challenger-gives-it-away-for-free/

https://stripe.com




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There is nothing in the article about what this new currency can do technological wise. They call it a Bitcoin challenger for no reason, only because some of the founders are semi-famous. The world already has Bitcoin and doesn't need anything else... especially if it's just a clone of Bitcoin with a different name, trying to copy the success - and not being open source (as far as I can tell).

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True, I really don't see it as a Bitcoin Challenger but rather a western union alternative