from Hacker News

Keybase and Stellar Partner on XLM Airdrop Worth $118M

by jqueryin on 9/9/19, 5:00 PM with 92 comments

  • by pixelperfect on 9/9/19, 7:04 PM

    This is an interesting/generous giveaway...

    I'm not sure what to think about XLM. On the one hand, I am very pessimistic about all altcoins, but on the other, I am impressed with Stripe, Keybase, and the teams behind those products.

  • by jwr on 9/9/19, 7:54 PM

    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.

  • by tawm on 9/9/19, 8:11 PM

    How to join the drop:

    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

  • by SilasX on 9/9/19, 8:59 PM

    Sorry to be the pedant here, but this isn't the correct use of "airdrop", or at least, not how it's commonly used in the cryptocurrency community.

    And airdrop typically refers to a fork that someone starts of an existing cryptocurrency, but keeps the same global ledger (blockchain or equivalent) up to a certain date. At that date/time, anyone who held the cryptocurrency at the time is treated as having that same amount in the new fork.

    Hence why it's called an "airdrop": from the perspective of existing users, it feels like someone just dumped some freebies on you.

    This is not an airdrop, in that meaning. It's just a regular giveaway.

    (With that said, this finally gave me the kick in the pants to sign up for Keybase. I initially ignored it because, well, I don't hold any XLM or have the software for it set up, why would I benefit from an airdrop? Glad I read the fine print.)

  • by skybrian on 9/9/19, 6:24 PM

    Previous topic that got flagged for some reason:

    https://news.ycombinator.com/item?id=20919736

  • by gavreh on 9/9/19, 7:16 PM

  • by sliken on 9/11/19, 11:01 PM

    Seems like increased popularity is impacting keybase.

    My client is now getting:

    Error: ERROR CODE 218 - internal chat storage error: readBlock: failed to decrypt block: 1 in method chat.1.local.getThreadNonblock at new s (file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:561326) at file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:561922 at u (file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:561961) at file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:1242674 at file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:3018547 at e._call (file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:2580383) at file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:2580523 at s (file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:2580163) at e._fulfill (file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:2580493) at s (file:///opt/keybase/resources/app/desktop/dist/main.bundle.js:1:2579694)

  • by t0mbstone on 9/9/19, 9:54 PM

    The funny thing is that it seems that the amount of XLM you get (according to https://keybase.io/a/i/r/d/r/o/p/spacedrop2019) is related to the number of people who sign up.

    It appears that the amount of airdrop money is being divided equally amongst all the people who sign up. So in a round-about way, after you have signed up, you are actually incentivized to not spread the news.

    As it stands right now, if nobody else signs up, I will receive over $19,000 XLM (roughly $1136 USD).

    So yeah. Nobody else sign up for this, please!

  • by EdTsft on 9/9/19, 6:14 PM

    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 some sort of non-alien legal status in the USA who are not currently residing in the list of banned countries? Seems odd to ban a specific list of countries, and then on top of that ban almost everyone who is not in the USA.

  • by shauifly on 9/19/19, 4:59 PM

    I join keybase and github and hacker news to be able to join and get stellar but didnt allow me.. i dont know what happened but i was qualified cos i joined sept 9.. can someone help me about it.. it was lagging that time i guess theres a lot of people registering that time..

  • by nickik on 9/9/19, 9:27 PM

    I think Keybase is great but I'm not really much interested in the Crypto Currency stuff. I would much rather they focus on good authentication services, there is so much great things you can do with what they have now.

  • by 3JPLW on 9/9/19, 6:29 PM

    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?

  • by dummy on 9/13/19, 11:39 AM

    I am excited about this XLM Airdrop. On the one hand the reputation of cryptocurrencies and in particular XLM will increase. And on the other hand, Keybase also creates real life use cases for the cryptopcurrencies, away from Crypto exchanges.

  • by Angelofanarchy on 9/12/19, 11:23 AM

    Great news and great partnership, being here in 2019 is exciting. Everything is evolving and the blockchain is a wise choice to take. Good work to everybody on Keybase and Stellar, of course to HN too, keep going guys!

  • by StavrosK on 9/9/19, 6:05 PM

    This happened? So even though I have a Keybase account that I use regularly, because I didn't click "join the airdrop", I missed this month's giveaway?

  • by killjoywashere on 9/12/19, 9:53 AM

    What's the going rate for alpaca socks?

  • by Slinkydu on 9/11/19, 5:37 PM

    Hello, i just want to ask. i just created and keybase account. that was before sept 9. does this mean i don't get any airdrop? not even for the next month or so?

  • by hmhrex on 9/9/19, 8:48 PM

    Could this potentially dilute the worth of XLM?

  • by cryptono on 9/12/19, 5:42 AM

    very great sir

  • by mpascale00 on 9/9/19, 7:47 PM

    I appreciate the free money, but is their goal to get me to use this cryptocurrency?

  • by Grrr222 on 9/17/19, 2:08 PM

    New to Keybase & Hacker News.Seems legit and a good tool to start learning the ins and outs.

  • by griss2823 on 9/15/19, 3:03 AM

    Quisiera hacer una pregunta yo soy nueva en keybase pero si ya tenia cuenta en GitHub antes del 9 que quiere decir que estoy en la primera ronda?

  • by dondryder on 9/9/19, 8:07 PM

    Didn't Stellar recently do a similar airdrop with Blockchain wallet? Seems a contrived way to increase adoption/use of xlm...

  • by hashtagjohnt on 9/9/19, 8:54 PM

    I can't believe this is actually in the terms of service:

    7. YOU AGREE TO HELP SPREAD THE WORD. You vow to lean about Stellar by visiting https://stellar.org and by testing Stellar-in-Keybase, simply by sending Lumens to people you care about, or at least your enemies' enemies. You will aim to encourage 5 people to join Keybase for its Stellar features.

    I legitimately might not sign up now.