Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Keybase is now supported by the Stellar Development Foundation

keybase.io

Post reply on HN
Print view View original

51–60 of 170 posts

Re: Keybase is now supported by the Stellar Development Foundation

#51

Post by beaner »

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,…

Regarding electricity consumption, what do you think of the argument that mining is so competitive that it can only be profitable by subsidized electricity, and that electricity is only subsidized when the local jurisdiction is creating more of it than it needs anyway? In other words, mining doesn't actually create new demand for electricity, it just soaks up the remainder already available.

Re: Keybase is now supported by the Stellar Development Foundation

#52

Post by fusiongyro »

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?

Before integrating a cryptocurrency, the incentive for someone to try and hack my account is "gee, maybe they have interesting encrypted files."

Re: Keybase is now supported by the Stellar Development Foundation

#53

Post by fullsage »

This post is very oblique in a way that makes me suspicious.

1. Is Keybase still a for-profit corporation?

2. No actual technology is announced here. Is the purpose of this post to announce funding? If so, how much funding is it and what are the conditions under which it is provided?

3. How is Stellar compatible with privacy? Keybase mentions MobileCoin in this blog post, but they are only using Stellar's consensus protocol, not the full Stellar protocol. I think that is because Stellar isn't private. What is Keybase doing to solve that if they are using the Stellar network?

Re: Keybase is now supported by the Stellar Development Foundation

#54

Post by blocked_again »

You get a sense of positivity by just going through the stellar website and documentation (eerily similar to Stripe). It is beautifully designed and easy to understand. Kind of gives the feeling that they are in it for the long run unlike many other get rich quick Ponzi cryptocurrencies out there.

Re: Keybase is now supported by the Stellar Development Foundation

#55

Post by ordinaryradical »

diakritikal wrote: post #50
ordinaryradical wrote: post #42

Earlier quoted context omitted.

I don’t understand this comment. It doesn’t seem to address any of the key technical points behind the Stellar project as it is actively used today, but instead tries to imply that the foundation is some group of fly-by-night scammers that have won over keybase by nothing more than a twinkle in their eye. My impression was that Lumens seemed to be solving one of the legitimate problems of the world—the inefficiency o…

It's possible more than one system could replace SWIFT, but why would it be Stellar/Lumens who are still in the gate with their fork when Ripple/XRP seem to be already round the first bend with seemingly very large momentum in terms of interest, trials and actual production use by financial institutions?

Yes, but perhaps your framework for approaching this is a little too old school?

When SWIFT was devised, the idea of having a singular system for resolving these transactions not only made sense but was (probably?) technically necessary. I think given where we are today, multiple competing protocols, each with their own advantages, may be viable.

Lastly, for finance, consumer choice is valuable: I like being able to Venmo my friends, autodeposit my landlord, slow mail my bills, and Apple Pay my retail purchases. I don’t send money overseas but I could imagine a similar bifurcation of solutions in this space, all with their own advantages.

Re: Keybase is now supported by the Stellar Development Foundation

#56

Post by krastanov »

eropple wrote: post #45
baker_miller wrote: post #16

Earlier quoted context omitted.

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 o…

Maybe it would be helpful to consider what it means to have a crypto wallet (because that's the likely endpoint here, otherwise why would they have to partner with Stellar?) on production servers. Consider explaining to a client that, no, it's totally fine, it doesn't do anything. I promise. Doable, I'll grant you. Consider explaining that to an auditor . No, nobody can ever compromise this, nobody could use this for…

Given that the protocol is open and the app code is available, I imagine there will be plenty of cli clients that just do not implement the currency stuff. Or at least I hope so, given that I share the above concern.

Re: Keybase is now supported by the Stellar Development Foundation

#57

Post by rrggrr »

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…

Gosh, really unfair to Keybase. From the moment I became aware of Keybase I've been thinking about where and when would be the nexus with cryptocurrency and smart contracts. Keybase does a nice job of relieving pain for me and my business and until proven otherwise I give them the benefit of the doubt.

Re: Keybase is now supported by the Stellar Development Foundation

#58

Post by lalaland1125 »

beaner wrote: post #51
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,…

Regarding electricity consumption, what do you think of the argument that mining is so competitive that it can only be profitable by subsidized electricity, and that electricity is only subsidized when the local jurisdiction is creating more of it than it needs anyway? In other words, mining doesn't actually create new demand for electricity, it just soaks up the remainder already available.

There is no such thing as "excess electricity". If that power wasn't being wasted on useless cryptocurrencies, then we could have used it for useful purposes, such as processing aluminum.

Re: Keybase is now supported by the Stellar Development Foundation

#60

Post by vpupkin2017 »

Coins without prooof of work are as “decentralized” as facebook is - it is run as as distributed app but controlled by founder whales via “trusted” gateways/witnesses. PayPal integration would be as good as stellar here. To the other hand keybase is a centralized for profit authority e.g. facebook Of identities so it is a match.
Post reply on HN