kbfs is pretty sick but I mainly use it for my git signing key :)
mike@snake:/keybase/public/mickeyc$ time ls
index.html
real 0m1.156s
user 0m0.000s
sys 0m0.000s
mike@snake
The current client is not a syncing client like Dropbox/ownCloud, it's a network fs client.I don't know if the slowness is due to the requirement to access the network, or the crypto, or whatever, but it will remain a toy unless they do something about it.
I understand it's very much a beta though, so that's ok.