Hey, it is not that easy for anyone to takeover your network. This is possible though but its got nothing to do with CryptoWi or WiC and is a problem with Wi-Fi technology in itself. Even if you do not use the app, your network can still be hacked since everything online is imminently hack-able. That said, there is no practical incentive for someone to hack your network and do nasty things since it will be much easier for him/her to just use some free WiFi network from Starbucks or McDonalds or somewhere.
Giving your password is a way to earn WiC by opting to rent your WiFi voluntarily. If you are not comfortable with that, you could just use the app to rent WiFi from other people. It is not mandatory to upload your passwords.
I think it would be very uncomfortable for conscious people to let a stranger into your private network. I believe that privacy and safety was main reason for cryptocurrencies to be developed and this project is going the opposite direction. Sorry, but my privacy is not worth 100 of coin that has no real value yet. Also, like it was mentioned already, it's not difficult to find free to use hot-spot, so why trouble myself to go trough complicated process of exchanging fiat money to bitcoin and then from bitcoin to wic, because it's the only way to buy your coins, right? Who is the target for this app then? There is plenty of careless people that will buy your service without giving it a thought, but is this what you are looking for? Are you gonna use the app? I don't want you to think that i am all negative or trying to spread FUD. These are just my concerns and i want things to be clear as i'm always careful when looking for potential investments. I hope there will be clear statement about the risk involved in sharing wi-fi password included in your privacy policy.
For the end... Let's not be so serious all the time. I have a good one for you:
A man received the following text from his neighbour:
“I am so sorry Bob. I’ve been riddled with guilt and I have to confess. I
have been getting onto your wife, day and night, when you’re not around. In
fact, more than you. I’m not getting any at home, but that’s no excuse.
I can no longer live with the guilt and I hope you will accept my sincerest
apology with my promise that it won’t happen again”.
Bob, anguished and betrayed, went into his bedroom, grabbed his gun, and
without a word, shot his wife.
A few moments later, a second text came in:
Damn Autospelling…I meant “WiFi”, not “Wife”.
its an important point, its like renting your personal email out. Wifi is cheap and most people have unlimited 4g anyway. The real issue is if someone uses your internet for a crime, kiddie porn, drugs whatever then you will be a suspect along with them. Plus they can probably access your computer if they have your wireless thats why people suggest you don't use public place wireless as people can nick your info.