well.. i like to see interested guys ..
Before reply to your questions, i'd like to point out some of my (ours) thoughts about the creation of Staisybit and the Alt-coin world in general. These are all important things that you need to understand in order to understand the differences between the other Cloud Staking services (Stakeminers and GorillaStake, basically).
1) Staisybit doesn't work in the way "send us a BTC - we buy
only super high interest (and then inflation) currencies with your BTC - we send you back the coins mined with your BTC" . Nope. We allow customers to send us their altcoins, we will mange/stake them until they want/need to withdraw their funds.
2) As per the point above, the customers (all together) will decide which currencies will be served. This is of primary importance for our purposes. We are trying to give to the Altcoin world a new, innovative and useful service and, last but not least, we want to support altcoins giving to their communities not just a PoS pool, but also a place where people feels the power of a certain altcoin. we want to build a community beyond Staisybit.
3) We do not serve just
high interest currencies. We want to
support all coins. Customers will be free to list new currencies (we only check the minimum of 1 month of life and the existence of a block explorer). High interest currencies are mined on Stakeminers or GorillaStake because all their funds/payouts are BTC-based. Allow to stake just high interest coins means give to people just another way to earn a 'bit, with no cares about the value added of a currency, of a community, of good developers. I would also say that those high interest currencies have a short life imho.
4) As per point 2), one obvious consequence is that Staisybit will rely on crypto currencies' developers. Direct relationships with developers, with their communities. We want to create a "value added" around Staisybit, not just a PoS pool.
5) Since we want to support altcoins, i want also to mention the dumpers problem. A service like Stakeminers (which receives BTC, buys altcoins, stake, sell altcoins and gives back BTC), inevitably means dump all funds and staked coins. While Staisybit, being an online staking wallet (it means that you have a wallet interface like any other online wallet, for example dogecoin online wallet or even bitcoin's ones), allows you just to withdraw altcoins. In truth, it is right to think that most of these withdrawals will be to an Exchange, but they could also be to another altcoin user, to a faucet, etc, etc.
Unfortunately, this is not my first language, therefore explain complex thoughts/feelings/ideas is not so easy. Please, feel free to ask more if something is not clear.
However, I hope that after this brief explanation of our purposes, you now appreciate and feel what is the worth of Staisybit in our mind, and you understand which are the differences between Staisybit and the other Cloud Staking services (which are, in less words:
our efforts will be not only focused on users' earnings; earnings is not the only "value added" that business may create).
Now i can reply to your questions point-to-point:
1) How would you differentiate your service from already successful similar managed staking - Stakeminers.com ? - what's your niche ?
see above
2) will your service be actively managed by you, or you will just offer interface to customers to stake their coins as a group without your interference ?
I'm not sure i got the point, i can't understand how we could "just offer interface to customers to stake their coins" without "actively manage" them. But i try to reply: yeah the service will be actively managed by us. It's not just send/receive transactions to a staking wallet, as you can understand is a 'bit more complex. Also, as per we designed the whole system, staking wallets are subject to periodical "maintenance" (but i can't say too much about it now). about the "block structuring", i have never heard this term, but i know what you mean with efficient staking. However, the "interface" you mentioned is meant to be used as an online wallet, hence to see transactions, to send coins, etc etc.
3) So basically - you will be:
A. accepting customers altcoins for staking ? OR
B. bitcoins deposits, that will be exchanged by you into chosen staking coins ?
C. Both
We will be accepting customers altcoins for staking. And we'll allow withdrawals in altcoins. Nothing less, nothing more. No bitcoins deposits will be accepted.
4) What's with the contracts ? Why not call it monthly fee and set a rate depending on consumed resources ?
We called it "contracts" because it sounds more like "we are buying a service", but actually they are just monthly fee based on the number of wallets you are using. We'll accept BTC at launch, others "big" currencies later.
5) Withdrawal - you say, that customer may withdraw anytime - but that will surely have impact on others staking in that particular wallet at that time. Seems like there should be better system in place so as to minimize looses for stakers that will remain staking after someone withdrawing their coins...
We are testing the back end since April. I can ensure you that the funds/staking/withdrawals system works properly and efficiently. If you want more information about it, pm me or email to
[email protected].
6) formalities:
- who are you guys ? Maybe a little introduction, why you do it, what you have done and when do you see this service growing in 6-12months - after all, people will be sending you their coins for staking...
- do you plan to form a legal company ?
- where will you host - will you be hosting just on rented VPS's or do you own your servers ?
- what's in place for securing staking wallets (avoiding hacking attempts)?
You are right, but this is just a PRE-ANN, we are releasing a beta for the end of July. All information about us will be available at
http://staisybit.com and We'll soon present our team also here.
About the legal company: yeah, we are going to form it. But for sure, not for the launch. Here (Italy) expected costs to form a legal company are around 8000-9000 dollars, and i am talking of
costs, not
amount to be invested. To do such an operation we have to be sure that we can cover start-up costs and that Staisybit can have a min time frame of life. We really think so, but a legal company (in particular here in Italy, where we have overwhelming fiscal and civil laws for companies) is not something you can bet on, we need to be 100% sure of what we are doing.
The reply is in the middle. We will not buy servers and place them in a factory, and We will not just rent a VPS. We will rent a private infrastructure (more than one server, firewalls, private networks, etc, etc) from a well known and professional company. Web Server will be located in U.S.A.
About security: i can't say much about it here, but it's obvious that security is where we focus our efforts. Security of the staking wallets is a requirement for the service we are going to provide.
Thank you for your constructive post. If there's something not clear, feel free to ask more.
You can contact us at
[email protected].
