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Keybase and Stellar is live for everyone

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Re: Keybase and Stellar is live for everyone

#31

Post by StavrosK »

andyburke wrote: post #24

As 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.

It's like any other currency. If you wanted to buy GBP, you'd have to go to an exchange and transfer them to your bank, which had to support GBP for your account.

Sure, it would be better UX if they could charge you some USD and give you Lumens, but I don't think it's worse than obtaining any other currency.

Re: Keybase and Stellar is live for everyone

#32

Post by mirimir »

feanaro wrote: post #16
andrewstuart wrote: post #12

I'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.

Yes!

Me, I associate the Internet with "shonk". And people, fundamentally, although AI could do it too.

Also, I hate the term "crypto". Crypto is a general term. As you say, it's "cryptocurrency". Just because most people are ignorant and meme-driven, there's no excuse to post like that here.

But whatever. Cryptocurrencies, as anyone who's been following them for more than a decade or two knows, are about money that's not controlled by governments, which can be used on the Internet, and which can be exchanged anonymously.

Re: Keybase and Stellar is live for everyone

#33

Post by flatline »

andyburke wrote: post #24

As 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.

Keep in mind that the purchase of crypto in the US could be a taxable event, and the sell or transfer of it almost certainly is. I would look very closely at the Keybase/Stellar reporting tools and your tax situation to assess the impact before diving into the crypto pool, especially for casual, near-term transactions like this facilitates.

Re: Keybase and Stellar is live for everyone

#34

Post by btown »

gumby wrote: post #29
feanaro wrote: post #16

Earlier quoted context omitted.

> 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…

Are there any resources describing the patent issues for hash chains? Have patents expired, or does cryptocurrency somehow work around them?

Re: Keybase and Stellar is live for everyone

#35

Post by caprese »

andrewstuart wrote: post #12

I'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…

so weird that we live in two totally different worlds, this was a completely benign announcement to me, but to you all of this cognitive dissonance has flooded your mind

what I saw: Hm Stellar has a Development Fund, and people within Keybase' engineering team that wanted cryptocurrency security to be easier so less people get scammed

what you saw: questionable corporate goals because things involving cryptocurrency involve people getting scammed

fascinating, to say the least, it is a perspective.

Re: Keybase and Stellar is live for everyone

#36

Post by twohearted »

andrewstuart wrote: post #12

I'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…

from TFA: "One year ago, we announced that Keybase is supported by the Stellar Development Foundation."

Don't have to look much farther for motives. However, may I suggest a slight amendment to your statement and thinking:

The association with keybase.io does much to give the appearance of credibility, trustworthiness and stability to cryptocurrency.

Re: Keybase and Stellar is live for everyone

#37

Post by drexlspivey »

Stellar is a pretty cool platform. Here are some features:

Any node can issue tokens pretty easily. Tokens are basically IOUs and come with counterparty risk. For example you want to issue tokens for carbon emission trading, you can do that with a few lines of code but people have to trust you to redeem them for whatever they are worth at the end. The only asset that comes without counterparty risk is the native asset XLM.

It uses the Stellar consensus protocol (not proof of work) with a new ledger being closed every 3-5 seconds. SCP favors safety over liveness (no progress until consensus is reached)

Stellar has a decentralized exchange built-in in the protocol layer. That means that market orders are p2p messages and are part of consensus for each new ledger.

Re: Keybase and Stellar is live for everyone

#38

Post by ericflo »

api wrote: post #20
xur17 wrote: post #15

Earlier 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 have a bunch of data backed up on the Sia file storage marketplace. Works fine for that purpose for me today.

Re: Keybase and Stellar is live for everyone

#39

Post by seibelj »

drexlspivey wrote: post #37

Stellar is a pretty cool platform. Here are some features: Any node can issue tokens pretty easily. Tokens are basically IOUs and come with counterparty risk. For example you want to issue tokens for carbon emission trading, you can do that with a few lines of code but people have to trust you to redeem them for whatever they are worth at the end. The only asset that comes without counterparty risk is the native asse…

My biggest problem with Stellar (and Ripple, which it was forked from) is that it's a centralized blockchain. Transactions are public, but you cannot become a block-producing node (validator). This allows censorship if they do not like the person proposing transactions, or the transaction itself, and could rollback if they wanted.

I'm a much bigger fan of Cosmos and (future) PoS Ethereum, which is permissionless to become a block producer - you just need to acquire enough stake.

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