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Stellar Federation Address | Federated Finance (developers.stellar.org)

submitted 1 year ago by ori@lemmy.sdf.org to c/fediverse@lemmy.world

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What do people think about incorporating a Stellar address that is unique to your federated account with your chosen insurance.

This would allow for people to send/receive stable coins such as circles USDC. I feel the stellar network would complement Lemmy or Mastodon quite well.

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[-] Marsupial@quokk.au 13 points 1 year ago

Hard pass on all cryptoshit.

[-] ori@lemmy.sdf.org 1 points 1 year ago

That's fair. Although I think it could be implemented without effecting your Lemmy experience. It would just allow people to send payment to a person's federated account. Collecting or transfering this payment could be done "off-app" through conventional wallet apps.

[-] norgur@discuss.tchncs.de 2 points 1 year ago

So there would not be any integration at all, just the ability to use your @ adress instead of an email address without any use to the instances themselves or any benefit to what the fediverse is? Why?

[-] ori@lemmy.sdf.org 1 points 1 year ago* (last edited 1 year ago)

I'm no authority on this subject. It's just the first instance of federation I read about before Limmey etc.

I believe there would be some integration from Limmey, to generate the keypair along with the user account. It could be up to 3rd party apps if they if they wanted to utilise this and allow for account management from the app. Or none at all and Lemmy could just allow for exporting your private key to use elsewhere.

As for why, I guess you don't have a great rationale. It just seems like a progression to me. If people are communicating with each other in this manner, why not allow for payment. A person could always share a public key, PayPal or bank details if they wished. This way would just be undoubtedly linked to the person you were considering paying.

[-] nitrolife@rekabu.ru 4 points 1 year ago

Or none at all and Lemmy could just allow for exporting your private key to use elsewhere.

That mean that user AND server administrator will control user wallet. You think that a great idea when anyone, anywhere can create instance? I think this will lead to centralization.

Cryptocurrency, like any financial transactions, requires serious security. Much more serious than the servers deployed for posting memes can provide. There is no need to combine incompatible things.

[-] ori@lemmy.sdf.org 1 points 1 year ago

That mean that user AND server administrator will control user wallet.

Well, if this were the case I guess it's not a great idea at all!

[-] mizu6079@lemmy.world 6 points 1 year ago

Please keep the Blockchain crypto bro stuff out of the Fediverse thank you very much

[-] norgur@discuss.tchncs.de 5 points 1 year ago

What would the benefit of some Blockchain coin be in the fediverse?

[-] ori@lemmy.sdf.org -2 points 1 year ago

It would just be a means of sending/recieving payments from your account.

[-] ryathal@sh.itjust.works 1 points 1 year ago

The only use case for crypto is facilitating illegal activity, so I'll pass on it ever being a feature.

[-] ori@lemmy.sdf.org 1 points 1 year ago

I disagree with this, I mean you can donate to the creator of Lemmy using crypto if you wanted.

It's cool though, it appears that this is a really unwelcome suggestion here 😅

[-] thatcasualgamingguy@lemmy.nerdcore.social 1 points 1 year ago

Personally I don't like the whole crypto coins scene much but if you're interested in an open social network with ties to crypto, have a look a nostr.

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