17:42 <_Sam--> moriarty, are you in charge of this program?

17:42 <_Sam--> 100 billion XLM has already been pre-mined. The Stellar Development Foundation (SDF) is supposed to oversee the distribution of the 95 billion lumens (95%). The distribution will happen like this:

17:42 <_Sam--> 50% to be given in small increments to as many people as possible over 10 years. Wider the distribution, more decentralized the system.

17:42 <_Sam--> i'd like to volunteer to be part of the 50%

17:52 <moriarty> _Sam--, lol no

17:52 <moriarty> do you have any idea why stellar went up?

17:55 <_Sam--> probably because it went down?

17:57 <taner> this was just another pump and dump

17:57 <taner> im expecting 3 cent soon

17:58 <_Sam--> are xlm transaction fees burned like xrp?

17:58 <taner> nope, they are redistributed in the form of interest rate

17:59 <_Sam--> ty, and who gets the "interest"? nodes?

18:00 <taner> we all do

18:00 <taner> just need to sign up in a pool

18:04 <_Sam--> thanks i have a lot to learn

18:05 <taner> I did a yard sale

18:05 <taner> sold some stuff for xlm

18:10 <_Sam--> cool what did you sell?

18:28 <taner> ball pump and a g shock watch

18:28 <taner> still got 3 more g shocks to sell