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.
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.
All of it kind of slow and something you can't pay for to expand limits, so you can't rely on it as a company or for your own personal use.
Currently I use it to store my personal dot files and share it with my work laptop.
I find it
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
If I see four checkmarks and "Register inside the Keybase app" what am I missing? Do I just need to make sure I have a stellar wallet, or is there something else?
I'm using the Keybase app for MacOS and don't see any indication that I have joined the drop, or prompts which mention it.
The "register" call-to-action button just sends you to https://keybase.io/download which has a link at the top, " News: the Keybase Stellar Space Drop " that sends you right back to the same page as referenced in the post.
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.)
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)
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!
> The Finest of Fine Print
> No individual recipient will get more than $500 USD worth of Lumens.
Otherwise - it´s free money.
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.
Going by this [1] definition of nonresident alien, I am not a citizen of the USA so I'm an alien, and I don't live in the USA so I'm a non-resident alien.
[1] https://www.irs.gov/individuals/international-taxpayers/dete...
How is Keybase planning on making money?
These airdrops were an expectation from the start. The first coins from this organization were also airdropped and they have done other airdrops since.
I'm not a guru in this space, but I believe the idea for Stellar was to be more of a utility coin as opposed to a store of value.
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.
Perhaps it's still being rolled out, can't complain :)
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.
