RE: About The New Wallet On Steem. by rishi556

Viewing a response to: @whatsup/about-the-new-wallet-on-steem

steem · @rishi556 · Mar 12 '19

$0.03

I understand your point about user experience, but when dealing with quite a bit of money as some people have in their accounts, having one password control all of it is not a smart choice. What if someone gains control of the password? Boom, you might have just lost everything if you didn't diversify(PLEASE DIVERSIFY). But having a rarely used active key for funds means that you can use your posting key to do normal things and don't need to worry about losing your money, only your reputation...

👍 whatsup, mysearchisover

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@whatsup · Mar 12 '19

$0.03

Sure, but why not have an easy solution and an advanced feature solution?

👍 mysearchisover

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@rishi556 · Mar 12 '19

Easy solution is use your master password for everything. It's not recommended. You could do that while learning, but if you care about your account, you shouldn't do that.

👍 whatsup

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@sn0n · Mar 12 '19

$0.03

Wait.. fuck I still use my Master key for everything.. I learned that from watching old movies with master keys, the one guy always had a master key for everything.... So I have to use the master key.. lol. Pretzel logic at it's best!!!

Posted using [Partiko Android](https://partiko.app/referral/sn0n)

👍 whatsup, sn0n

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@sn0n · Mar 12 '19

$0.02

Do you use the same password for your bank, email and social media? What's your Facebook page? Let's play a fun game of financial pentesting... Thinking twice about same password for social and monetary functions?

Posted using [Partiko Android](https://partiko.app/referral/sn0n)

👍 sn0n, whatsup

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@rishi556 · Mar 12 '19

$0.03

*Whatsup goes to change her bank password*

Whatsup: No, I use different passwords.

👍 whatsup, sn0n

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1 reply

@sn0n · Mar 12 '19

$0.02

Wouldn't the easy solution be teaching friends and family to RTFM and know that each key isnt for the front door, but there  are garage and safe keys also... and one for the gun case... And the mailbox..

👍 sn0n, whatsup

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@mysearchisover · Mar 12 '19

$0.09

Can't you easily remedy that with separate accounts or wallets on other exchanges? Plus most Steem is usually in Steem Power anyways.

👍 mysearchisover, whatsup

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@rishi556 · Mar 12 '19

Yup, I got a cold wallet, and I assume most of the bigger people have multiple cold wallets. Yup its true most STEEM is in SP, but not everyone will hold it that way. Investors who want to trade it won't do it that way. And you shouldn't keep your funds on exchanges. Just look at what happened to quadrigacx. So many people lost their funds held there.

👍 mysearchisover

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