(1) Requires administrator privileges to launch on first run, to install a "Helper Tool". The app does not explain what this tool does, where it lives, nor does the Keybase website.
(2) Installs a login (startup) item without asking permission, so Keybase will auto-launch on every boot.
(3) Installs a Finder Favorite in your Finder sidebar, without asking permission.
(4) Installs /usr/local/bin/keybase without asking permission.
(5) Installs /Library/PrivilegedHelperTools/keybase.Helper without asking permission.
(6) Installs /Library/LaunchDaemons/keybase.Helper.plist without asking permission.
(7) Installs ~/Library/LaunchAgents/keybase.* (3 files) without asking permission.
(8) Runs permanently in your menu bar, even if you quit the main app.
These things may all have good reasons and be benign, but they are too shady for me, so I deleted the app and all the files listed above. Apologies to the devs.