Entry Submitted by Logan B at 9:47 PM ET on January 21, 2023
Captain Kyle just quoted from the first sentence of the Stellar.org home page. After reading through the whole site sure you can make a digital version of a USD and send it to anyone anywhere but there is no mention of USN or USTN. XRP is not on the Stellar network but Ripple. No mention of it being backed by anything. XLM is the Stellar digital currency but no mention of it being backed by anything either. XLMG was a gold-backed digital currency but it does not seem to be available or if it is they have no more currency to offer.
There is a long list of digital currencies that are truly gold-backed as offered as a digital token representation of a gram or ounce of actual gold stored in a vault somewhere. The only one that you may have heard of is Tether.
This is really upsetting. I would think that if XLM was actually commodity backed by something they would be very proud of that. There is no mention on the site that Stellar has anything to do with Starlink, the QFS or Elon Musk. FinX was supposed to be the QFS gold-backed token that Stellar was to adopt a couple of years ago but that just died.
Is this just all one big lie. There is absolutely no proof to back any of the claims made by Dr. Ward’s QFS team or the White Hats. None. The Stellar network claims to be nothing more than it is. Just another bitcoin type network that needs to be done away with.
I don’t know what else to say. Really bummed out now.
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