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RE: Steemit Newbies: Make sure to save your private keys!!!
If you have the password, you have your private keys. If you have your account name, you have your public key. Recovery on other interfaces is as simple as that. This guidance is extra, perhaps unnecessary steps.
I was going to write a similar post. I do think backing up the key is important and people should be reminded of that. People forget passwords all the time.... I barely remembered mine because I use the auto-login feature and never use the password. I assume there is no password recovery system yet? If not maybe warning users to make sure they remember or write down their password would be a good warning post? Thx.
In one way or another .. the info should be backed up by the user. Steemit can't take on the liability and do password recovery, unfortunately. More warnings/reminders would be good.
In the future, perhaps multi sig with a trusted password recovery partner?
Hi @ned, does that mean that the private keys are actually generated through a hash of the steemit.com password? It was my impression that the private keys were stored encrypted in a steemit.com database, but I see now that is incorrect. Is the approach used effectively the same as that with brain wallets, for example? Thanks.
Yes, brought together by hash. Private keys / passwords are strictly on the blockchain. I believe that is analogous to typical brain wallets.
Agreed, but having your keys and password stored offline is always a good idea!