when will this be integrated with a bitcoin wallet?
I have actually built a bitcoin web wallet protected with LaunchKey. The front end is being cleaned up, the server backups set up, and then a security audit before I can put it live.
I have tried it. Seems like quite an elegant solution.
I don't like the fact that if someone steals my phone, they can log in with my account, though...
Also, when are those payouts made? And how much does the faucet give per person?
Thank you very much.
It's true that if someone steals your phone you could be in bad shape. You would want to immediately unpair from our site. Fortunately, you would probably notice your phone missing more quickly than most things and if it's just an additional factor access wouldn't be automatically granted. Your phone can also be locked and LaunchKey itself has additional factors of authentication that could prevent it being used during theft. Geo-fencing would allow you to put geographical coordinates where you could login. A combo lock would be a knowledge factor needed. A device factor would be a bluetooth device you need like a fitbit that needs to be in proximity to authorize. There will be many more factors to come.
edit: Forgot to answer you second question. The payouts are made immediately if it's a coinbase address, otherwise it'll go out in a batch every few hours to save on transaction fees. The amount right now is 0.00005460 or about 5-6 cents worth.