Some concerns, looking forward to your answers:
1. Currently you have only 3 members in the project? 2 developers and 1 finance/marketing? Not enough at all to create a hardware wallet,
for comparison - Trezor wallet's page lists 21 team member, and you aim to create a wallet 'far better than Ledger Nano S and Trezor'
Seems you plan to expand the team, what is the planned staff? And according to roadmap, in Q3 you will be 1. expanding 2. building and updating web and mobile wallets - all simultaneously,
and in Q4 you already have a hardware wallet. Not very realistic.
2. Your whitepaper states that you already 'added unprecedented levels of protection' into your HW. Do you have a security expert in your core team? Why he/she is not listed?
3. If you are building a hardware wallet, why your webpage is only about masternides? Lol... The only mention is in a roadmap.
4. Wifi and sim card support won't make your device more secure, on the contrary it makes it more exposed. You stated it yourself: "The best way to keep your key safe is to limit its exposure to the internet",
but you provides possibility of constant internet connection.
The whole point of hardware wallets' security is that they are offline, and that is why Ledger and Trezor are most secure currently - the only moment when the go online is when they are connected to PC which is connected to internet.
5. the more device is sophisticated, the more it's vulnerable, and you aim to add a whole bunch of complex stuff - wifi, sim card, QR, GPS support and 400 different currencies which require support of huge amounts of different protocols and standards. How do you plan having 'the most advanced level of security' mixing this altogether?
6. Your whitepaper is 3 pages without team members and only mention of your company is that it's founded in United Kingdom.
Considering your high aims your whitepaper looks very lame, not even roadmap is added there. Also, seems you are not hiding your faces, why then hiding your company profile?
If you are serious team with serious intentions, then would like to know more info about team members and company, skills and previous experience.
7. And the last - what is the role of your coin? how is it connected to building a hardware wallet? and for what reason do you require masternodes?
1. Currently you have only 3 members in the project? 2 developers and 1 finance/marketing? Not enough at all to create a hardware wallet,
for comparison - Trezor wallet's page lists 21 team member, and you aim to create a wallet 'far better than Ledger Nano S and Trezor'
Seems you plan to expand the team, what is the planned staff? And according to roadmap, in Q3 you will be 1. expanding 2. building and updating web and mobile wallets - all simultaneously,
and in Q4 you already have a hardware wallet. Not very realistic.
2. Your whitepaper states that you already 'added unprecedented levels of protection' into your HW. Do you have a security expert in your core team? Why he/she is not listed?
3. If you are building a hardware wallet, why your webpage is only about masternides? Lol... The only mention is in a roadmap.
4. Wifi and sim card support won't make your device more secure, on the contrary it makes it more exposed. You stated it yourself: "The best way to keep your key safe is to limit its exposure to the internet",
but you provides possibility of constant internet connection.
The whole point of hardware wallets' security is that they are offline, and that is why Ledger and Trezor are most secure currently - the only moment when the go online is when they are connected to PC which is connected to internet.
5. the more device is sophisticated, the more it's vulnerable, and you aim to add a whole bunch of complex stuff - wifi, sim card, QR, GPS support and 400 different currencies which require support of huge amounts of different protocols and standards. How do you plan having 'the most advanced level of security' mixing this altogether?
6. Your whitepaper is 3 pages without team members and only mention of your company is that it's founded in United Kingdom.
Considering your high aims your whitepaper looks very lame, not even roadmap is added there. Also, seems you are not hiding your faces, why then hiding your company profile?
If you are serious team with serious intentions, then would like to know more info about team members and company, skills and previous experience.
7. And the last - what is the role of your coin? how is it connected to building a hardware wallet? and for what reason do you require masternodes?
1. Currently you have only 3 members in the project? 2 developers and 1 finance/marketing? Not enough at all to create a hardware wallet,
for comparison - Trezor wallet's page lists 21 team member, and you aim to create a wallet 'far better than Ledger Nano S and Trezor'
Seems you plan to expand the team, what is the planned staff? And according to roadmap, in Q3 you will be 1. expanding 2. building and updating web and mobile wallets - all simultaneously,
and in Q4 you already have a hardware wallet. Not very realistic.
**We have a large team but most do not want to be plastered all over the internet. They are dedicated and work in the back offices in a thanks-less world. Some are freelancers who have other jobs, and which is perfect for us as they help influence and promote us in their other companies. We have a team in the double figures.
2. Your whitepaper states that you already 'added unprecedented levels of protection' into your HW. Do you have a security expert in your core team? Why he/she is not listed?
Security is tested via a third party company. It is done as a pro-bono by the company but I am afraid as we generate more transaction, we will be charged an extortionate fee.
3. If you are building a hardware wallet, why your webpage is only about masternides? Lol... The only mention is in a roadmap.
Masternodes are a great way to invest in cryptocurrencies and new projects. Straight after your initial investment, you start receiving some of your collateral back and in a short amount of time, you recoup you initial investment. We deceived this as a best approach to generate income for the business rather than applying for Dragons Den.
4. Wifi and sim card support won't make your device more secure, on the contrary it makes it more exposed. You stated it yourself: "The best way to keep your key safe is to limit its exposure to the internet",
but you provides possibility of constant internet connection.
The whole point of hardware wallets' security is that they are offline, and that is why Ledger and Trezor are most secure currently - the only moment when the go online is when they are connected to PC which is connected to internet.
An internet connection is needed for payments. It will not always be online. A connection will be also needed for upgrade to the OS. The internet connection is being tested via a VPN to make it more secure.
5. the more device is sophisticated, the more it's vulnerable, and you aim to add a whole bunch of complex stuff - wifi, sim card, QR, GPS support and 400 different currencies which require support of huge amounts of different protocols and standards. How do you plan having 'the most advanced level of security' mixing this altogether?
All the added components are subject to change if they are incompatible to each other or cause a security risk.
How does a phone work? They have all these components and seem to have been working for years. Each component can be switched off in an update if they are causing issues via updates. Much of the development is being focused on the operating system currently.
6. Your whitepaper is 3 pages without team members and only mention of your company is that it's founded in United Kingdom.
Considering your high aims your whitepaper looks very lame, not even roadmap is added there. Also, seems you are not hiding your faces, why then hiding your company profile?
If you are serious team with serious intentions, then would like to know more info about team members and company, skills and previous experience.
The company was born whist we were at University. We have invested a lot of our personal savings to this project. And we are still a startup company. We have a great idea and an amazing team. Our company needs to be launched accordingly.
7. And the last - what is the role of your coin? how is it connected to building a hardware wallet? and for what reason do you require masternodes?
This should have been more clarified in the white paper. Satoshi Coin will be used to make payments via the Satoshi Secure. The primary coin of Satoshi Secure will be SATC. It will be launched with BTC and ETH payments, when our device is used and popularity grows, we will expand on working with retailers and companies to accept the payments with SATC. And then the price will reach the moon.
Hope this answers all your questions.
