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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

#151

Post by johnson00 »

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…

This is an interesting comment as I’m not sure what the goal was aside from wanting to vent to the internet.

For a moment, I put myself in the shoes of Keybase and thought “how would I respond if a user felt this way?”. I would probably reply with a respectful something like “I’m sorry you feel this way but here’s why we are doing this”, but behind all of that, I probably wouldn’t care that much. You just insulted my vision, so why would I want you as a user? You gave me money, but you clearly didn’t trust me enough with it. Is that my fault?

Re: Keybase is now supported by the Stellar Development Foundation

#152

Post by wyager »

cyphar wrote: post #132
wyager wrote: post #128

Earlier quoted context omitted.

The Energy Waste Fallacy: https://github.com/libbitcoin/libbitcoin/wiki/Energy-Waste-F...

That argument makes no sense to me. It essentially boils down to "people can choose whatever level of security they want, so given that they chose the current level of security that must be the most energy efficient -- and since merchants have to pay for this system they always choose the cheapest fees which must therefore mean they choose the miner with the cheapest energy source". I'm not sure what this argument is…

I’m not going to spend a bunch of time reading this particular whitepaper, but not one of the three proof-of-capacity “mining” systems I’ve looked at are Sybil resistant and decentralized.

Re: Keybase is now supported by the Stellar Development Foundation

#153

Post by CryptoPunk »

sethgecko wrote: post #146
CryptoPunk wrote: post #144

>>We think Stellar can fulfill Bitcoin's original goal of fast, cheap, worldwide payments. Stellar will not remain fast, cheap and global. It has counterparty risk in the form of the trusted third parties that form its consensus nodes. These TTPs will censor transactions and introduce costly registration requirements for the same reason traditional fintech companies do: to comply with the demands of regulatory agenci…

Only the third party issued tokens have counterparty risk i.e you trust the issuer to redeem them somehow. Is that different than an ethereum ERC20 token? The native asset itself (XLM) has no counterparty risk. > The only networks capable of providing fast, cheap, worldwide payments are decentralized protocols without trusted third party intermediaries, like Bitcoin (Bitcoin Cash) and Ethereum. IMO it is a trade off…

XLM and everything else on a ledger like Stellar's has counterparty risk, because consensus on these types of ledgers is established by a set of trusted third parties. The TTPs are counterparties, and if they fail, the ledger fails.

>>IMO it is a trade off between degree of trust and scalability.

In my opinion, the right approach to managing this trade-off is to build more centralized platforms on top of the decentralized base layer. That way they have a highly immutable/trustworthy base layer they can all interact on.

An example of this approach is the POA Network, which uses a set of US public notaries to run high throughput validator nodes for a permissioned instance of Ethereum. This permissioned ledger is a side chain of the Ethereum main chain, which can interoperate with it, and has the advantage of being able to scale to 1000s of transactions per second. One could envision multiple trusted or semi-trusted ledgers operating on top of a decentralized ledger that acts as the settlement layer.

Re: Keybase is now supported by the Stellar Development Foundation

#154

Post by snowwrestler »

cbhl wrote: post #91
panarky wrote: post #68

Earlier quoted context omitted.

If a hydroelectric power station produces 30 TWh per year, but demand including aluminum smelters is only 20 TWh, then there's 10 TWh excess. This is use-it-or-lose-it. Should they just allow the river to flow and bypass the turbines?

Hydroelectric is one of the oldest electrical storage systems there is -- you can store more electricity as gravitational energy by pumping the water back uphill, and then letting it flow back down during peak times. There's a reason why hydroelectric plants and dams go together.

Very few dams have the capacity to pump water back uphill.

And they don't need it, because power-generating dams are generally only built in places that provide lots of downstream flow naturally, like the U.S. Pacific Northwest, or in places where a reservoir is already desired for other reasons (typically drinking water, navigation, and/or flood control).

Dams have the capacity to route downstream flow around some turbines to lower their generating capacity. It's not really accurate to think of that routed water as "wasted capacity," because that water would flow naturally even if the dam wasn't there.

Re: Keybase is now supported by the Stellar Development Foundation

#155

Post by SZJX »

Sorry if this question is a bit stupid but could somebody enlighten me on why Keybase seem to regard Monero quite poorly? From what I've heard it seems that its anonimity is more trusted than that of Zcash at least, and both it and Zcash are proof-of-work coins anyways. Is it simply because they already had Zcash, so they'd rather not put something similar in there?

Re: Keybase is now supported by the Stellar Development Foundation

#157

Post by acct1771 »

extrapickles wrote: post #122
oldgun wrote: post #85

Earlier quoted context omitted.

Easy there. Don't you think your prejudice against cryptocurrency is clouding your judgement here? Keybase is an identity tool and it makes every sense for it to make a wallet. Also, you provided no reasons that being involved in cryptocurrency will undermine keybase's security. Do you think?

The main problem is that dealing with money has all sorts of legal implications for businesses. By adding cryptocurrency to a communication/identity client, a jurisdiction will probably classify your business as a money transmitter, financial institution, and/or stock broker. After reclassifying your business, they then fine you into the stone age for not registering and following all of the laws associated with that…

US Judge has ruled cryptocurrencies are commodities, not money.

Granted, that's just the US, but..

Re: Keybase is now supported by the Stellar Development Foundation

#158

Post by acct1771 »

bluecalm wrote: post #147
lallysingh wrote: post #76

Earlier quoted context omitted.

I don't understand why you're upset (genuinely, I don't understand) about them adding new features. Are existing features reduced or worsened in some way I don't understand?

Let's say you recommended Slack and your company started using it. Then Slack adds PornHub integration. Wouldn't you be upset? Would you say: "just don't use it"?

Uh...yes? Do you have any idea how many integrations Slack has?

Re: Keybase is now supported by the Stellar Development Foundation

#159

Post by typomatic »

jsutton wrote: post #88
typomatic wrote: post #69

Earlier quoted context omitted.

If 1Pass added an optional bitcoin-browser miner, would that make you feel better about its security? What if it partnered up with BonziBuddy and pinged you during the installer? Just simple choices, they don't affect the security profile at all.

There's an obvious difference between putting mining software or other malware into product, versus adding support for a major blockchain platform.

Well, unless you, like me, think that blockchain is malware.
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