Who has access to these keys? I mean in a team where everyone would have access to the funds it could mean that only one weak chain link is needed to compromise all funds deposited. Maybe it was already answered though i don't remember it.
Me (founder and lead developer) and system administrator (co-founder) are the only whom have access to all servers, not just to the one which does run wallets. In case the number of developers (in its strict meaning) grows, we anyway won't allow access to other, at least to the "staking" server.
I'm not so much in staking but wouldn't that mean that whales could feel they are treated unfair and would leave staisybit to stake on their own to get the full reward?
Your point could be right, but I would like to give you some food for thought:
- 1) difference for whales won't be much, or anyway won't be enough to make them feel that is better to stake on their computers, in particular for those coins which have max_age set (the most ones, and 100% of the most relevant ones)
- 2) staking reward is only one of the benefits of this service, you don't have to forget: a) no need to keep home PC running 24/7, which often ends up in more costs (for bills) then value generated (in particular for those coins which haven't absurd stake rates, indeed all currencies we are serving at the moment have very low interest rate); b) the convenience of having your coins in just 2 clicks , no need to deal with wallet updates, connections, etc, etc c) we'll offer many others service in a near future, we are just setting up some start-up things and entering into the market, but many things will be added, like, for example, the mobile application (in a certain sense, this is the first time we see a wallet on a mobile phone, with no blockchain but which is able to stake.....) or the exchange feature (between altcoins but with bitcoin too).
- 3) in case the whale cares only about reward, well... he will anyway get benefits from: a) fishes' coins..yeah, many fishes = one more whale, their coins will increase rewards of everyone; b) 24/7/365 running wallet, actually not achievable on an Home PC; c) our coin control script.. we provide a different coin control script to each coin, customized depending on its PoS engine. Goals of our coin control: increase number of block generated and increase block rewards. Realistically not achievable by a "normal" user.
- 4) last (and least) is a hope: one of Staisybit's main goal is to act as bridge between altcoin developers and real life crypto-services. We bet on daily adoption and many efforts will be focused in bring new people in crypto. If this happen, coins will get advantages mainly regarding market data (e.g. value), so .. guess who will enjoy the increased price ...
Let me know what you think and feel free to ask more.
Cheers
