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Keybase and Stellar is live for everyone

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Re: Keybase and Stellar is live for everyone

#61

Post by tgb »

thanatos_dem wrote: post #44
icelancer wrote: post #41

I won't repost my entire comment here, but I noted in 2017 on Hacker News some pretty shady stuff going on with Stellar/XLM and their customer support team / developers. You can read the entire account here: https://news.ycombinator.com/item?id=15935583#15936174 It starts with this: --- I was given 6000 XLM and I left it in their official wallet for years. On May 12th, 2017 I wrote them an email asking why my wallet,…

Yup... I was part of one of the first XLM grants. I saved my credentials and stopped paying attention until recently when I tried to go to my account. There was some sort of wallet migration needed due to a security issue, and it needed to be done years ago, so it’s all just gone now. Stellar, like the rest of the cryptocurrencies, can go die in a fire as far as I’m concerned.

Are you sure? I migrated mine last year and it worked.

Re: Keybase and Stellar is live for everyone

#62

Post by Aeolun »

thanatos_dem wrote: post #44
icelancer wrote: post #41

I won't repost my entire comment here, but I noted in 2017 on Hacker News some pretty shady stuff going on with Stellar/XLM and their customer support team / developers. You can read the entire account here: https://news.ycombinator.com/item?id=15935583#15936174 It starts with this: --- I was given 6000 XLM and I left it in their official wallet for years. On May 12th, 2017 I wrote them an email asking why my wallet,…

Yup... I was part of one of the first XLM grants. I saved my credentials and stopped paying attention until recently when I tried to go to my account. There was some sort of wallet migration needed due to a security issue, and it needed to be done years ago, so it’s all just gone now. Stellar, like the rest of the cryptocurrencies, can go die in a fire as far as I’m concerned.

Ah, I tried just now. As I was waiting for this to become slightly more useful. Seems my account has also disintegrated (I can actually log in, but the XML, or stellars) are gone.

Re: Keybase and Stellar is live for everyone

#63

Post by mmcclure »

Aeolun wrote: post #60
ricardobeat wrote: post #54

Earlier quoted context omitted.

So you're angry that the virtual money you got as a handout, from a system in early development, was lost four years later after you failed to act on an upgrade announced months in advance. Sounds fair.

I don’t know about you, but the bank cannot arbitrarily decide that my money is gone because I didn’t deign to respond to them within a certain time period. The moment the bank starts doing that it’s not a bank any more, it’s a scam.

Brushing aside the "giveaway" aspect of the parent comment, banks decide that money is gone (or inaccessible) because actors didn't respond within "reasonable timeframes" pretty frequently. For example:

- Banks are not legally obligated to honor checks older than 6 months

- Dormant accounts where the bank is unable to contact the account owner have their balances transferred to the state (State Seizure)

The latter probably makes a little more sense in this case since you could (depending on the issuer) just request another check from the source.

Re: Keybase and Stellar is live for everyone

#66

Post by qqn »

astrolince wrote: post #51
gumby wrote: post #29

Earlier quoted context omitted.

> 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…

Of course you don't understand, because you don't need them, you can't understand freedom of expression if you never had anything to say, you can't understand privacy if you never had anything to hide, if you were living in a country like mine, Argentina, you would understand immediately the incredibly useful thing that Bitcoin is. I have a Swiss bank in my pocket, in a country that steals all your savings every ten…

Thanks for sharing this. From my first payments in crypto I immediately felt something huge had shifted in the world, exactly what you're talking about here. I hope you and yours are safe and secure.

Re: Keybase and Stellar is live for everyone

#67

Post by rickycook »

phyzome wrote: post #59
astrolince wrote: post #51

Earlier quoted context omitted.

Of course you don't understand, because you don't need them, you can't understand freedom of expression if you never had anything to say, you can't understand privacy if you never had anything to hide, if you were living in a country like mine, Argentina, you would understand immediately the incredibly useful thing that Bitcoin is. I have a Swiss bank in my pocket, in a country that steals all your savings every ten…

It sounds like Stellar would be a bad fit for your use-case, then, even while Bitcoin is useful.

why is that? you can still interact with the stellar network with just xlm->xlm; you don’t have to pass it through and anchor to pay in some fiat-backed token

Re: Keybase and Stellar is live for everyone

#68

Post by RustyRussell »

drawnwren wrote: post #49
xur17 wrote: post #25

Earlier quoted context omitted.

* 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 withou…

I agree that crypto could be valuable. But, (1) the lightning network has been repeatedly attacked as unworkable trash and (2) there needs to be a reason to make crypto transactions other than drugs or vaguely crypto-anarchist philosophy. (b) Tether's recent scandal has made all stable coins fairly suspect. (d) The makerdao system has some pretty serious problems. High liquidation rates and skyrocketing fees both com…

> (1) the lightning network has been repeatedly attacked as unworkable trash

[ Disclosure: I work on the lightning specification and one of the implementations ]

I'm sure it has been attacked (because "cryptos, bro"), I'm disappointed that it made you dismiss it.

FWIW, I switched from Linux Kernel development to developing Lightning after almost 20 years: I find it ambitious, high-potential and fascinating, as well as challenging.

Re: Keybase and Stellar is live for everyone

#69

Post by [deleted] »

icelancer wrote: post #41

I won't repost my entire comment here, but I noted in 2017 on Hacker News some pretty shady stuff going on with Stellar/XLM and their customer support team / developers. You can read the entire account here: https://news.ycombinator.com/item?id=15935583#15936174 It starts with this: --- I was given 6000 XLM and I left it in their official wallet for years. On May 12th, 2017 I wrote them an email asking why my wallet,…

[deleted]

Re: Keybase and Stellar is live for everyone

#70

Post by shakna »

vermilingua wrote: post #57
drawnwren wrote: post #49

Earlier quoted context omitted.

I agree that crypto could be valuable. But, (1) the lightning network has been repeatedly attacked as unworkable trash and (2) there needs to be a reason to make crypto transactions other than drugs or vaguely crypto-anarchist philosophy. (b) Tether's recent scandal has made all stable coins fairly suspect. (d) The makerdao system has some pretty serious problems. High liquidation rates and skyrocketing fees both com…

As to point (2), I think this keybase/stellar integration is the solution to the problem that crypto has been looking for. If I want to give a friend money, I can hand them cash, but I have to be in the same room as them. I can transfer that cash in other ways, but I need to trust the middlemen. I can also use a bank to send them money, but I have to know their details, which are sensitive information. I can use one…

> I can also use a bank to send them money, but I have to know their details, which are sensitive information.

PayID [0] was standardised in Australia a while back, standardising what the banks were already doing. At least here, knowing someone's details is something from the past.

A PayID can _only_ receive.

A PayID is a number - not necessarily a phone number you own, but many people opted for that route, but keep the same number even if their phone number does change.

A PayID does reveal the name of the account holder.

Transfer happens as part of Instant Payments, so at it's longest it'll take 60 seconds to arrive in an account, but usually within 2.

PayID is also integrated into Apply Pay and Google's offering.

... Is this still an unsolved thing overseas? I've had instant transfers to friends without knowing their banking details for nearly a decade.

[0] https://payid.com.au/

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