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Keybase is now supported by the Stellar Development Foundation

keybase.io

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Re: Keybase is now supported by the Stellar Development Foundation

#31

Post by [deleted] »

staplers wrote: post #22
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,…

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.

[deleted]

Re: Keybase is now supported by the Stellar Development Foundation

#32

Post by [deleted] »

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…

[deleted]

Re: Keybase is now supported by the Stellar Development Foundation

#33

Post by pythonaut_16 »

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…

Google wasn't the first search engine. Facebook wasn't the first social media site.

Keybase is the first product/software of its kind (as far as what I've seen)

Maybe Keybase will be wildly successful. Maybe someone else will come along and build upon what they've started.

Either way, I'm excited to see its continued development, and if this partnership helps fund them and keep them developing the concept, then even better.

Re: Keybase is now supported by the Stellar Development Foundation

#34

Post by Karunamon »

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…

To put it bluntly, this seems like your own irrational biases against a technology than any real issue. Having a crypto wallet tied to an identity management service does make perfect sense because of the reasons detailed in the article.

Where is this risk you speak of? Can you articulate it in any way? "Flogging"? Not anymore than they're flogging Hacker News or Facebook or Reddit by having an ID verification hook into them (complete with corporate logos!)

Hell, they already let you add Bitcoin (that thing that's only ever supposedly used for scams and drugs if the cynics are to be believed) and ZCash addresses for verification.

If the people you recommended Keybase to weren't turned off by having those front and center, it's likely they won't be turned off by this either. Take a deep breath.

Re: Keybase is now supported by the Stellar Development Foundation

#36

Post by [deleted] »

pjc50 wrote: post #15
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?

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.

[deleted]

Re: Keybase is now supported by the Stellar Development Foundation

#39

Post by nickdandakis »

eropple wrote: post #30
talawahdotnet wrote: post #26

Earlier quoted context omitted.

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.

I understand what they are doing. 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 righ…

There's nothing wrong with reverting a recommendation. Sounds like you have a great explanation for why you would revert your own recommendation, as well. Just like every other startup in the world, Keybase doesn't "owe" anything to you and might make business decisions that affect your own.

Re: Keybase is now supported by the Stellar Development Foundation

#40

Post by stellarcomment1 »

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…

Clumsily putting cryptocurrency features in their app will look bad, I agree. Hopefully it won't be "jammed in" and in-your-face: just another feature among many (besides, doesn't it make sense to manage your keys for things, including cryptocurrencies or any other application, on something called keybase?)

But I think for the average platform, taking money from cryptocurrency foundations is a lot better than taking VC money. This was seen recently with the Matrix funding by Status token. Cryptocurrency goals usually need the platform to be open: just having a big integration with your token or cryptocurrency system can be a massive boost to your ecosystem. On the other hand, VC goals eventually require the platform to be closed off to milk all their users with actual "monetization plays" like Slack has recently done.

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