I'm curious about your thoughts on how to balance wallet staking with security. While on the one hand, it seems advantageous to stake your entire wallet, but on the other hand, cold storage is the most secure way to protect against hackers. How risky is it for the larger wallet holders (esp. those over 100k in SLR) to be continually active staking all their coins? This might not be a large concern right now with a market cap of under $4 million, but as the value of SLR rises, then it might make more sense to choose security over staking. Thoughts?
If you have a strong wallet passphrase, what is the risk? Im genuinely asking the question.
Well yeah I guess if you have a VERY strong password the risk would be minimal.
Here is how I see it: Just like with bitcoin, the move value SLR gains the higher the chance that hackers will get a taste for Solarcoins. Remember hackers dont care. All they want is fast money. As of right now the Solarcoin project is still very small to say the least! However I do see this changing rapidly over time. A wallet with over 100k SLR could easily become worth a LOT. That would in effect attract hackers and give them more incentive to try and get access to SLR wallets.
In theory you should be pretty safe because a hacker would need your wallet.dat file and your password. But hey im not a hacker so I dont know the exact details of how it would be done. My point is the more value is kept in one place, the more attractive it will become for people trying to steal it. The main issue is the constant connection to the internet.
Im not too worried right now but I would love to see something similar to the account leasing function on NXT
Edit: And to be honest I dont see the price of BTC going down much further. I think its only up from here. Price was under 1000$ for a VERY short period
looks like 1000$ is the new floor but its too early to tell. My point is I do expect SLR and BTC to continue rising in the near future. Nothing can stop Bitcoin :p
