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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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[-] 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.