Keybase is now supported by the Stellar Development Foundation • Hacker News Board

Re: Keybase is now supported by the Stellar Development Foundation

#11

Post by tgb » Thu, Mar 08, 2018, 4:00 PM UTC

> And traditional banking, with its branches and offices and free dog treats, uses even more electricity than Bitcoin.

Isn't this disingenuous, to say the least? First, traditional banking uses more (for now) but also performs orders of magnitude more transactions. I'd be surprised if banking used more per transaction. Secondly, a bank does a lot of things that Bitcoin doesn't even try to do. I can walk into my local bank and get quarters for me laundry, Euros for my trip, a loan for my house, set up a retirement savings account and get advice on what to do with it, request help if I've been defrauded, and probably a lot more I haven't ever considered.

Re: Keybase is now supported by the Stellar Development Foundation

#12

Post by shivpat » Thu, Mar 08, 2018, 4:04 PM UTC

malgorithms wrote: post #2

Blog author from Keybase here. Always game for a Hacker News discussion! There's a subtle point I cut from my post for simplicity reasons, but which feels perfect for HN. I've been convinced by Mazières and the Stellar team that the classic "blockchain" works great for native tokens but is extremely dangerous for anything with counterparty redemption. For example, imagine the shitshow after a truly contentious fork,…

Why won't keybase address requests for Monero?

Re: Keybase is now supported by the Stellar Development Foundation

#13

Post by StavrosK » Thu, Mar 08, 2018, 4:07 PM UTC

eropple wrote: post #8

Last time Keybase came up I made sure to post about how great using it is and that I am super-duper enthused about Keybase. I entreated 'malgorithms to let me give him money for Keybase. And I have recommended Keybase to a ton of people and a bunch of my clients, using it in a bunch of workflows. Now those people and those clients are going to have cryptocoin bullshit stuffed into a work tool? Thanks, Chris. You're d…

Why are you disappointed if Keybase includes a wallet or a way to send people Lumens? Can you not just not use it?

Re: Keybase is now supported by the Stellar Development Foundation

#14

Post by eropple » Thu, Mar 08, 2018, 4:11 PM UTC

StavrosK wrote: post #13

eropple wrote: post #8

Last time Keybase came up I made sure to post about how great using it is and that I am super-duper enthused about Keybase. I entreated 'malgorithms to let me give him money for Keybase. And I have recommended Keybase to a ton of people and a bunch of my clients, using it in a bunch of workflows. Now those people and those clients are going to have cryptocoin bullshit stuffed into a work tool? Thanks, Chris. You're d…

Why are you disappointed if Keybase includes a wallet or a way to send people Lumens? Can you not just not use it?

I recommended Keybase to people as a security tool. This isn't security. There is no reason for cryptocurrency bullshit to exist in tools I rely upon. There is no reason for cryptocurrency bullshit to exist things that I use in production capacities.

It is the pure addition of risk to my operations and my clients' operations and offers nothing to me except a ding to my reputation, because I now look like an asshole because a security tool I recommended and spoke highly of is now going to be flogging funbux.

Re: Keybase is now supported by the Stellar Development Foundation

#15

Post by pjc50 » Thu, Mar 08, 2018, 4:12 PM UTC

StavrosK wrote: post #13

eropple wrote: post #8

Last time Keybase came up I made sure to post about how great using it is and that I am super-duper enthused about Keybase. I entreated 'malgorithms to let me give him money for Keybase. And I have recommended Keybase to a ton of people and a bunch of my clients, using it in a bunch of workflows. Now those people and those clients are going to have cryptocoin bullshit stuffed into a work tool? Thanks, Chris. You're d…

Why are you disappointed if Keybase includes a wallet or a way to send people Lumens? Can you not just not use it?

Because cryptocurrency has a very high potential for propagating failures or legal risks. It's like being given a free piece of asbestos with your sandwich.

It's also prone to reputational risks; basically everyone who hears about cryptocurrency almost immediately either loves it or hates it.

Re: Keybase is now supported by the Stellar Development Foundation

#16

Post by baker_miller » Thu, Mar 08, 2018, 4:14 PM UTC

eropple wrote: post #8

Last time Keybase came up I made sure to post about how great using it is and that I am super-duper enthused about Keybase. I entreated 'malgorithms to let me give him money for Keybase. And I have recommended Keybase to a ton of people and a bunch of my clients, using it in a bunch of workflows. Now those people and those clients are going to have cryptocoin bullshit stuffed into a work tool? Thanks, Chris. You're d…

Harsh. Nothing about this post implies a monetization play. The whole point of Keybase is identity verification. How is it not a natural evolution for them to explore trusted cross-border, multicurrency transactions?

That's not to say you even have to use a payments feature if it's integrated into the primary Keybase application. You don't have to verify ownership of a domain or register a Bitcoin address, but both of them are options in Keybase right now.

Re: Keybase is now supported by the Stellar Development Foundation

#17

Post by jerguismi » Thu, Mar 08, 2018, 4:14 PM UTC

bkolobara wrote: post #9

I first heard about Stellar from Patrick's (patio11) Harry Potter post around 3 years ago: Harry Potter And The Cryptocurrency of Stars[1]. I have been following Stellar closely since then and am also running one of the biggest Stellar communities. It's one of the rear cryptocurrency and "blockchain" technologies that actually make sense to me. They have a simple structure: you are able to issue assets/tokens on the…

You know what is even better? A SQL database. Very simple and you can do almost anything with it. Also very proven technology.

Re: Keybase is now supported by the Stellar Development Foundation

#18

Post by leonsmith » Thu, Mar 08, 2018, 4:16 PM UTC

jerguismi wrote: post #17

bkolobara wrote: post #9

I first heard about Stellar from Patrick's (patio11) Harry Potter post around 3 years ago: Harry Potter And The Cryptocurrency of Stars[1]. I have been following Stellar closely since then and am also running one of the biggest Stellar communities. It's one of the rear cryptocurrency and "blockchain" technologies that actually make sense to me. They have a simple structure: you are able to issue assets/tokens on the…

You know what is even better? A SQL database. Very simple and you can do almost anything with it. Also very proven technology.

Stellar is a postgres database under the hood and its just the stellar concensus protocol (SCP) that determins which queries/transaction to apply to your database in tandem with all the other nodes

Re: Keybase is now supported by the Stellar Development Foundation

#19

Post by jeffthemaximum » Thu, Mar 08, 2018, 4:17 PM UTC

eropple wrote: post #14

StavrosK wrote: post #13

Earlier quoted context omitted.

Why are you disappointed if Keybase includes a wallet or a way to send people Lumens? Can you not just not use it?

I recommended Keybase to people as a security tool. This isn't security. There is no reason for cryptocurrency bullshit to exist in tools I rely upon. There is no reason for cryptocurrency bullshit to exist things that I use in production capacities. It is the pure addition of risk to my operations and my clients' operations and offers nothing to me except a ding to my reputation, because I now look like an asshole b…

Keybase is also an identity tool, and I see value in having proof of identity when making crypto transactions.

Re: Keybase is now supported by the Stellar Development Foundation

#20

Post by oelmekki » Thu, Mar 08, 2018, 4:18 PM UTC

The thing I love the most about Stellar is how its founders want it to become "the SMTP of payment". It's kind of amazing we still haven't such kind of protocol widely available, and have to rely on private companies like Paypal, Stripe or any bank's IPN to send money on the internet, decades after its creation.