God, that cryptocurrency scam. If ever there was a clear message screaming "we have no idea how to turn this into something profitable/sustainable," that was it.
The truth is that sharing money in the same way we share messages and images (i.e. chat) is a good idea, and in my opinion is absolutely inevitable.
Now we don't have to do that via cryptocurrency, but the reason we don't already have it in the west is because it's a coordination problem, and there are entrenched interests that won't care about giving the user a good experience until forced to by competition. Cryptocurrency lets you avoid that problem, and given that it is entirely around managing keys, it's a very natural fit for KeyBase.
I thought the integration into keybase chat was genius, and the user experience of transferring money in that way was much better than anything traditional banking has ever offered me.
The truth is that sharing money in the same way we share messages and images (i.e. chat) is a good idea, and in my opinion is absolutely inevitable.
Now we don't have to do that via cryptocurrency, but the reason we don't already have it in the west is because it's a coordination problem, and there are entrenched interests that won't care about giving the user a good experience until forced to by competition. Cryptocurrency lets you avoid that problem, and given that it is entirely around managing keys, it's a very natural fit for KeyBase.
I thought the integration into keybase chat was genius, and the user experience of transferring money in that way was much better than anything traditional banking has ever offered me.