As stellar’s Lumen Foundation warns, the Stellar network could be “fully unusable” in just 2 years – giving investors a bad case of FOMO. Can this decentralized platform really hold up to the competition?
What is FOMO?
Fear of missing out is a common motivator in investing, and it can be a powerful force for good. In some cases, FOMO can help investors make wise decisions, as it can encourage them to invest in opportunities that they might not have otherwise considered.
What is Stellar?
Stellar is a digital asset and payment network founded by Jed McCaleb in 2012. Stellar facilitates cross-border payments and provides low fees. Lumens are the native currency of the Stellar network and are used to pay for transactions and services. The Lumen Foundation has warned that the Stellar network could be “fully unusable” in just 2 years. Despite this warning, Stellar continues to grow in popularity and has attracted major financial backers, including Ripple, IBM, and BBVA.
What are lumens?
Lumens are a type of cryptocurrency. They are used to purchase goods and services on the Stellar network and as a form of payment on other digital platforms. As lumens lose value, investors may be concerned about their investment. However, the Lumen Foundation has warned that the Stellar network could be “fully unusable” in just 2 years.
What is the Lumen Foundation’s warning?
The Lumen Foundation has issued a warning that the Stellar network could be “fully unusable” in just 2 years. This is a concerning development because it could mean that investors who are interested in stellars will miss out on potential upside.
The Lumen Foundation’s warning was issued back in November of 2018. At the time, they indicated that the value of stellar’s lumens had been declining rapidly and that the network could be “fully unusable” within the next 2 years. Since then, the value of lumens has continued to decline, and their warning appears to be coming true.
Although the warning is concerning, it does not indicate whether or not the Stellar network will actually be “fully unusable” in just 2 years. In fact, the network may still be relatively functional at this point. However, if the value of lumens continues to decline, it appears that the Lumen Foundation’s warning may eventually become a reality.
What is the Stellar network’s status?
Since its inception, the Stellar network has made significant progress. In just over two years, the network has grown to include more than 2,000 nodes and over 100,000 accounts. Additionally, the Lumen Foundation has warned that the network could be “fully unusable” in just 2 years, but this does not appear to be a concern for investors.
The growth of the Stellar network is impressive, but it is not without its challenges. For example, the network is still developing and there are some kinks that need to be worked out. However, these issues tend to be minor compared to the network’s many advantages.
One of Stellar’s biggest assets is its scalability. Unlike traditional currencies, which are limited by how many can be created, Stellar can handle a high level of transactions. This makes it ideal for use in a wide variety of applications, including financial services and ecommerce platforms.
While the Stellar network is still under development, there is no doubt that it has a bright future. Investors should keep an eye on it as it continues to improve and grow in popularity.
The conclusion of the article is that investors may be prone to feeling the “fear of missing out” when it comes to stellar lumens, as the value of the lumens has been steadily decreasing. However, the article does not indicate whether or not this is actually a concern for investors.