Keybase is now a wire transmitter.
Just without KYC/AML.
Yet.
Keybase and Stellar is live for everyone
21–30 of 84 posts
Re: Keybase and Stellar is live for everyone
#22I'm not convinced that association with cryptocurrency does much to give the appearance of credibility, trustworthiness and stability to keybase.io I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. I guess it depends on what the corporate goals of keybase.io are - I think it was identity management or something rather being a crypto player. edit: I should…
> I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. This is unnecessary bias, though. If you look past the drama, cryptocurrency is a powerful and useful invention.
If something is primarily used for scams, it's a perfectly reasonable heuristic to associate it with scams.
I understand why Keybase is doing this (the attraction of cryptocurrency is profound, and not just because there's so much money being thrown around), but it not do anything for their credibility.
Re: Keybase and Stellar is live for everyone
#23Earlier quoted context omitted.
> I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. I'm sorry to hear that. There is a lot of scammy behavior in the space, but there is also a lot of interesting work going on. It just turns out that the shitty people speak the loudest, so they're the ones you hear about, rather than all of the people heads down working hard on interesting problems. I do…
The defense is to point out some genuinely useful work going on in the space that doesn't revolve around speculation.
How about pure development work to build tools that can be used to experiment with and build atop decentralized technologies such as IPFS and Ethereum blockchain, etc.?
Re: Keybase and Stellar is live for everyone
#24As a relatively long-time Keybase user, I went in and set up my Stellar wallet on my phone. There does not appear to be any way to fund this wallet, though. Reading the comments here, I guess I'd have to buy Stellar on some other exchange and ... transfer it to my wallet? (So I'd have a wallet on an exchange, and a wallet on Keybase?)
This is not good UX.
Re: Keybase and Stellar is live for everyone
#25Earlier quoted context omitted.
> I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. I'm sorry to hear that. There is a lot of scammy behavior in the space, but there is also a lot of interesting work going on. It just turns out that the shitty people speak the loudest, so they're the ones you hear about, rather than all of the people heads down working hard on interesting problems. I do…
The defense is to point out some genuinely useful work going on in the space that doesn't revolve around speculation.
* Bitcoin's lightning network
* Stable coins (Dai, USDC, etc)
* What Keybase just built (much easier way to manage keys for wallets)
* Makerdao's decentralized loan system
The first 2 enable you to transfer value over the internet in a cheap and non-revokable way (internet cash). The third one simplifies wallet management for the first two. The last one opens up a bunch of new opportunities for borrowing money without having to trust your counterparty. All of this enables people to transfer value without any middlemen.
And separate from this, projects like IPFS / Filecoin (if they actually work) would let you store data without using a centralized third party.
Re: Keybase and Stellar is live for everyone
#26Exciting news! Can't wait to start using it!
Re: Keybase and Stellar is live for everyone
#27Earlier quoted context omitted.
> I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. I'm sorry to hear that. There is a lot of scammy behavior in the space, but there is also a lot of interesting work going on. It just turns out that the shitty people speak the loudest, so they're the ones you hear about, rather than all of the people heads down working hard on interesting problems. I do…
The defense is to point out some genuinely useful work going on in the space that doesn't revolve around speculation.
I would add to that some explanation as to why the proposed decentralization of custody, control and leverage inherent in any cryptocurrency proposition should be expected to remain stable indefinitely rather than collapse into a conventional, de facto centralized model under the inexorable pressure of competition to derive profit from such a system
Re: Keybase and Stellar is live for everyone
#28If I have a good understanding of how the bitcoin protocol works, and is well versed in cryptography, does anyone have a tip on what to read to understand about the Stellar protocol? Just some quick Googling on my phone led me down cryptobro low quality content, unsurprisingly. EDIT: And also, this implementation looks really neat, congrats! It made me excited about crypto currency again!
This video does a good job explaining the stellar consensus protocol https://www.youtube.com/watch?v=X3Gj2nQZCNM
Re: Keybase and Stellar is live for everyone
#29I'm not convinced that association with cryptocurrency does much to give the appearance of credibility, trustworthiness and stability to keybase.io I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. I guess it depends on what the corporate goals of keybase.io are - I think it was identity management or something rather being a crypto player. edit: I should…
> I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. This is unnecessary bias, though. If you look past the drama, cryptocurrency is a powerful and useful invention.
> cryptocurrency is a powerful and useful invention.
Can you explain? Intellectually interesting? No question. But powerful or useful (I consider them synonyms)? I'd like to see some actual examples.
This is genuine curiosity, not snark. I'm on the board of a blockchain startup who has a legitimate application for a blockchain -- an aspirin. But this application could have been done 20 years ago if there hadn't been patent issues for hash chains. And while the engineers are enthusiastic to do a coin nobody can explain why someone else would want to buy one, except in the hope that someone someday would pay more for it.
I've seen a few vaguely interesting applications cor crypto currencies, but they are all been at best 'vitamins'. I've yet to see an 'aspirin'.
Re: Keybase and Stellar is live for everyone
#30I'm not convinced that association with cryptocurrency does much to give the appearance of credibility, trustworthiness and stability to keybase.io I associate crypto with shonk, which puts keybase.io in the "this is a crypto thing? Hmmm.... shonky." category. I guess it depends on what the corporate goals of keybase.io are - I think it was identity management or something rather being a crypto player. edit: I should…
I realize the word “shonk” in Australia is used without any ethnic meaning, but in some places it does have and can be offensive.
I point this out not to be a busybody or to take offense, but just mention it for anyone else who might have thought “that’s some interesting slang” and start using it