Keybase is now supported by the Stellar Development Foundation
21–30 of 170 posts
Re: Keybase is now supported by the Stellar Development Foundation
#22Blog 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,…
I've been convinced by Mazières and the Stellar team
As someone who's been in the cryptocurrency space for a long time I can guarantee you got swindled. Countless investors I have seen move to centralized "blockchains" due to buzzword powerpoint presentations and floating_nodes.jpg bootstrap landing pages.This is no different than what current financial institutions do other than a new UI.
Re: Keybase is now supported by the Stellar Development Foundation
#23Earlier 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…
Re: Keybase is now supported by the Stellar Development Foundation
#24Earlier quoted context omitted.
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
#25Earlier quoted context omitted.
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.
If they wanted to build some whateverthing that leverages Keybase for identity? Sure, go nuts, I think it's silly but it's not my time. But injecting it "into their apps"? No. These are tools for production, for me, and were developed with certain explicit and implicit promises. I see cryptocoin junk being shoved into production tools as a break of those promises.
Re: Keybase is now supported by the Stellar Development Foundation
#26Earlier 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…
This really is about Keybase bringing expertise with identity to the table and it makes a lot of sense for the two teams to work together. The currency side of things is still going to be handled by Stellar as far as I can tell.
Re: Keybase is now supported by the Stellar Development Foundation
#27Blog 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,…
Your justification for the Th/s being an issue for electricity consumption is one I have seen bounced around a bunch but other than the justification of the environment there are other issues. But, the idea of cryptocurrencies is that without some kind of artificial scarcity you will have other incentives. If you are really concerned about electricity consumption what about using a ledger technology that is designed…
Stellar does not use proof of work.
> Also, why are you seeking more funding in the first place?
AFAIK Keybase are a for-profit private company.
Re: Keybase is now supported by the Stellar Development Foundation
#28Earlier quoted context omitted.
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
#29Earlier 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?
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.
It seems less like you're being given a free piece of asbestos and more like you're being given tongs for holding some asbestos if you choose. Allowing one technology to work with another is different than marrying two technologies in an inseparable way.
Re: Keybase is now supported by the Stellar Development Foundation
#30Earlier quoted context omitted.
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…
I could maybe see your concern if Keybase were announcing an ICO for their own token, but that is not what this is. This really is about Keybase bringing expertise with identity to the table and it makes a lot of sense for the two teams to work together. The currency side of things is still going to be handled by Stellar as far as I can tell.
Here's how normal people look at something like this. It's not "oh, but they're just facilitating," it's "why is there cryptocoin crap in this thing we use for work?". Then it's "Ed, why is this thing you recommended and spoke so highly about doing this? Are they cryptomining on our computers now?". Then, even after an explanation, they're probably still suspicious and probably right to still be suspicious because the cryptocurrency universe is, by normal and sane people, still viewed as a scammer's paradise. (To be clear: is this entirely justified? No, and I think there are decent people trying to make a go of it. But there's plenty of dirt going on and people should be suspicious until it's proven otherwise.)
I don't want this on my computers. But, more than that, I don't want my clients thinking that I am a party to shady business because of the tools I recommend that they use.