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RE: The Joy of flashing the STEEM account-value!!
The only good thing when you have it all in STEEM POWER is that the thief must consider he gets only 10% after one week and he must have a damn good plan to make sure the owner will not recover his account.... If i was a kidnapper I would prioritize other coin holders over STEEM ;)
It would however still be worth it for the thief even if he only got 10% and that 10% was for a large amount
Yeah, it's hard enough to get steem out when trying to do it legit haha.
I agree with you, So what next step
even if no one could access it all or not... would you still want your net worth publicly exposed...? 🤔
10% of 10 million dollars is a lot of money.
That is naive. If you have it in Steem Power the thief could coerce you into delegating your SP to them, or upvoting their accounts, and then what? Then you might keep your account indefinitely but lose control over how you spend your SP. Coercion is the issue.
So you are describing a scenario where the thief has control over you for a long time...
PS Have you forgotten about account recovery ?
It's not the account which you have to secure. The owner of the account has to be secure as well. Ever heard of extortion?
Scenario, corrupt law enforcement matches an account with a flesh and blood identity. Then one of the agents demand a donation to a cause which makes their lives easier or else...
If you're that worried (as in you're that wealthy and in a position that could make you that much of a target) then you could filter the steem power setting it up on multiple accounts that are very difficult to lead directly back to you.