I was, however, worried that this valuable service was going to eventually shut down, due to a lack of funding. For the reasons outlined by the OP, I am not worried about Keybase stealing my secrets. Personally, I am happy that Zoom bought Keybase. I think that Zoom will use its newly found financial resources along with Keybase's strong technology to take revenue away from these incumbents. Each of the 3 companies I mentioned above has higher sales than Zoom, yet none of them sports a market capitalization as high as Zoom's. Corporations are happy to pay for chat/messaging/video conferencing/version control/secure cloud storage/version control. How can they do that? I think one avenue to growth, is to compete more broadly with companies like Slack, DocuSign, or Atlassian, by actively promoting the Keybase product as a paid subscription to corporate teams. In the coming months, Zoom will be required to show very strong revenue growth, even as demand for video conferencing cools off a bit post-COVID. While companies like Microsoft, Apple, Facebook, Google, or Amazon all have a market cap to sales ratios of 10 or below, Zoom's is at 80. Its market capitalization/sales ratio is the second-highest among all US stocks with sales above $100mm. Zoom is a company that - relative to its revenue size - has a very high stock market valuation, thanks to its relevance during the pandemic. But I hope/believe that there's a second part to the rationale, which is the tremendous revenue opportunity that Keybase represents. Zoom definitely needs to build up its privacy chops, and I think that is part of the rationale for buying Keybase. Like him, I don't believe that Zoom is out to subvert the privacy of Keybase. I love the service, and I love the opportunity it represents. Like the OP I am relatively new to Keybase. But why buy e2e technology and engineers if you don't want to use it? And if it's a concern, we should have our backups ready to move. Keybase has publicly said they will give us fair warning. Only if Zoom removes the e2e encryption do we have anything to worry about. I think Zoom wants to improve their image, and Keybase's technology makes it indisputably possible. And it's possible that they will begin incorporating Keybase's technology in such a way as to make me feel more secure about using Zoom for video conference as opposed to say Google Meet. Unlike Google or Facebook, Zoom won't be able to mine my private data, or expose it to their employees. Personally, I'm seeing this as a net positive for Zoom, to the point where I'm likely to buy zoom stock this week, rather than a negative for Keybase. Instead selling the large positive userbase as a reason for corporations to pay for the subscription, just like Google does with Gmail and GSuite. Probably, just like every other cloud company out there, they won't even charge us. I'd be fine shelling out the minimal amounts they'd require to maintain my storage. I love Keybase storage, and not because it's free. But there's no reason at present to make the effort. I'm keeping privately encrypted backups of all my data and can move somewhere else if necessary. Even before this acquisition, you should be keeping a backup of all your important data just in case anything happens. However unlikely, it's possible that someone could take over all your public accounts and request that your account be reset. To be fair, that's not really a new problem. Our biggest threat is that Zoom may decide to stop offering or delete our free storage. Neither Zoom nor Keybase has access to our private data or crypto wallets and that won't change without public changes to the clients. But the reasons I became so enthralled by keybase have not changed. I'm a relative newbie to keybase, just weeks before the zoom acquisition.
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