31–40 of 106 posts
At this point, I am at a complete loss to understand what it is that Keybase is, or is doing. A pity, because it started so well, as a way to manage my online identity.
At this point, I am at a complete loss to understand what it is that Keybase is, or is doing. A pity, because it started so well, as a way to manage my online identity.
Everyone likes free money, but I'm not sure if this will be a net plus for them or not, it comes with a lot of overhead in multiple areas, and I hope they realize that with this post.
1) install Keybase: https://keybase.io/download
2) add your device
3) in the app, go to devices (second to last item in the nav) and add two paper keys
4) click on your avatar (top of nav) and select "View profile"
5) click "Prove your [GitHub, Hackernews]" and follow the steps (HN might take a while to update, took about 2 mins for me)
6) now you should be able to join the drop
Earlier quoted context omitted.
Why would anyone back a cryptocurrency whose operator can simply whisk new coins into existence?
This is different from US dollars how?
A new cryptocurrency is just a database with some private keys shared remotely.
I'm confused by the stellar sign-up terms. "6. WE ARE UNABLE TO HELP DISTRIBUTE SDF LUMENS TO USERS IN CERTAIN COUNTRIES. By activating this wallet you agree you're not in Cuba, Iran, North Korea, Syria, Sudan, Crimea, or any other country or region subject to sanctions by OFAC; further you agree you're not a non-resident alien of the United States." So this is only open to people living in the USA or people with som…
It's actually pretty scary giving out money (in any form) to international peoples potentially sanctioned by OFAC. Making it their problem through an EULA is an interesting strategy.
Earlier quoted context omitted.
I don't see any details on this in my keybase, it's a big confusing to say something has already happened and I'm wondering if I was included or not... I've verified my HN and GitHub. Perhaps it's still being rolled out, can't complain :)
I had to fully quit the app and launch it again before the "airdrop" button appeared. Still unsure myself about the first airdrop. I used my account regularly, was able to join the airdrop so meet all the criteria, but havne't had any Lumens added to my wallet.
At this point, I am at a complete loss to understand what it is that Keybase is, or is doing. A pity, because it started so well, as a way to manage my online identity.
I appreciate the free money, but is their goal to get me to use this cryptocurrency?
When I first saw this I just assumed it was some sort of spam/scam. What's the rationale for giving away money here? Is it purely Keybase/Stellar marketing? How is Keybase planning on making money?
They aren't giving away money. They are creating these coins out of thin air. The only way anyone is losing money is possibly by deflating the value of existing coins by creating more supply. That these coins are worth anything at all was sort of luck by being early in the race. The top 10 - 20 coins don't seem to change much. These airdrops were an expectation from the start. The first coins from this organization w…
As far as I understand it, that's not the case here, however. These coins were already in existence held by Stellar, who is now giving them away. I.e. no coins being printed.
I see airdrops regularly, and this is the first one I have not dismissed as a waste of time and attention right away. Unless they mess it up somehow, I think this is a great move by Stellar - I think the people using Keybase (especially combined with GH/HN) are exactly the early-adopters-power-users they want to extend adoption to.