Steem private keys analogy

tamsguitar (67) · 7 years ago

Great post as always for people to get benefited. Thanks. Btw @good-karma i used my sunday afternoon to translate esteem content in Bengali, still some portion left to be completed. Any feeback will be really appreciated so that i can continue the work and finish it by tomorrow. It's a hell lotta work and i don't want my effort to be wasted. Please let me know about the progress. Thanks!!

$0.20

good-karma (76) · 7 years ago

Thank you @tamsguitar for your support and contribution, I have just reviewed some of the translations, no effort is ever wasted my friend. As you can see we have already added few languages with this release and if Bengali will be ready by the time we have next release, we will add that too so you can test it out on app ;)

$1.32

tamsguitar (67) · 7 years ago

Oh! that's cool. I will surely complete as much as I can. In India you are raised to learn 3 languages at the same time and then suddenly English becomes your priority and you tend to forget the roots. Now I realize it's so difficult to translate.My Mother tongue vocab is so poor?? I am ashamed or should I laugh at myself. Nyway thanks for everything you are indeed doing a good - karma.Cheers!!!!!!

$0.07

robertdurst10 (58) · 7 years ago

Great post! Learn something everyday about Steemit. Just curious, if Steemit were to be hacked, would your active private key be in jeopardy of being stolen? I am starting to take an ultra paranoid approach to crypto as it is all going up in value so fast. So, I am very uncomfortable with my keys being accessible/known/stored by anyone else besides myself; thus all my BTC is on a Trezor in an undisclosed location in my house :)

$0.19

good-karma (76) · 7 years ago

Steemit doesn't have access to your private keys, they are stored locally on your browser, it is used for sign transactions locally, just like eSteem does. If Steemit hacked or inaccessible you can always use other user interfaces and apps (eSteem, Busy, ChainBB, etc.). That's the beauty of decentralized network :)

$1.13

7 votes

robertdurst10 (58) · 7 years ago

Thanks for clarifying! I can now go to sleep at ease tonight... I know eSteem will always be up and running ;) Cheers!

12 votes

housewhisper (43) · 7 years ago

Thanks for this post.

$0.00

oldtimer (75) · 7 years ago

What is the best way to protect keys in browser?

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frankmb (42) · 7 years ago

right awesome times!!!

$0.00

2 votes

lightening (31) · 7 years ago

I feel the same way

$0.00

2 votes

naserodeh (12) · 7 years ago

Follow Me At :
https://steemit.com/@naserodeh

$0.00

igster (63) · 7 years ago

"all my BTC is on a Trezor in an undisclosed location in my house"

Bitcoin could be making highs of 5k or 10k in future. Maybe you should be a just a bit more paranoid!

$0.00

dthremedy (41) · 7 years ago

@good-karma thanks for this post. Im really new to steemit and only a year or so into crypto so this information really did rock my crypto world because I needed it. I followed you upvoted resteem and did a back flip!

$0.12

9 votes

cryptoblonde (41) · 7 years ago

Thank you very much for explaining this, very helpful!

$0.12

erikaflynn (61) · 7 years ago

Thank you for explanation. Usually account on the other sites has only one password but in situation with Steemit it is easy to get confused. Not only that, there are already 4 of password, each of them can be shown as a public key or as a private key.

$0.11

good-karma (76) · 7 years ago

Yes, as you can see all those passwords have purpose and used for different reasons. As for public keys, they are visible to everyone and used for communication and verification purposes, nothing to worry about. Private keys are not visible to anyone and only accessed by you. Although you have 5th, the main password which can be used to change all other 4 private keys...

$1.27

3 votes

rebeccabe (63) · 7 years ago

hey there @good-karma great post... the key for me is knowing that long password.. I was gone for months and am back now... not sure how I found you..still learning the ropes in here.

$0.11

bart2305 (60) · 7 years ago

Useful information. Thanks for sharing. Never realized that there were so many keys. When I opend my account here I received a password. I stored that password somewhere safe.
But I understand now that I need to store all the others keys too. Confusing, but for good reasons.

Just two questions:
Is the password I received when I opened my account at Steemit the 'owner private key'?
And how important is it to safe all the other keys if I already safe my owner key?

good-karma (76) · 7 years ago

No, owner key and main password are slightly different. All keys are derived from your main password including owner key. And changing main password changes all other private and public keys. So keeping main password safe should be ok, if you loose your main password you can still change your posting and active, memo private keys with owner key. Hope it helps...

$1.32

5 votes

bart2305 (60) · 7 years ago

A lot! Thank you so much!

homeartpictures (73) · 7 years ago

All keys are secured and written on paper in the safe.... safety first****

good-karma (76) · 7 years ago

As it should be 😉

$1.13

3 votes

homeartpictures (73) · 7 years ago

Yes. I could learn from the best here as it should be.... 😇

$0.08

the-ego-is-you (59) · 7 years ago (edited)

Those are some nice ways of picturing this whole thing. It sure can be very confusing for new users.

I think when I did the translations, I described the owners key as the "main" or "house key", though I'm not entirely certain right now..

good-karma (76) · 7 years ago

Yeah, owner key is 2nd top priority that needs to be backed up. Many here has main password which should be 1st priority to back up, because it can change all other keys. 2nd is owner key, in case you lose main password you still can maintain ownership and change other keys...

$1.29

4 votes

the-ego-is-you (59) · 7 years ago (edited)

Yes, I may not have any main password myself... at least not that I'm aware of anymore. I use my posting key as much as possible though and have the ownerskey in safe storage.

$0.13

arnel (68) · 7 years ago

Awesome! Thank you for sharing, it makes us easy to understand what tese keys are all about and also make us aware of how important are they by relating them to real world applications.

evimeria (60) · 7 years ago

thanks for sharing :)

$0.09

13 votes

jamhuery (61) · 7 years ago (edited)

Of course, i have study much about steemit, then i know how and when to use them, thanks for sharing @good-karma, always look forward of your post

$0.08

marky (49) · 7 years ago

Im still confused.
I only have 1 key to login ?

$0.06

good-karma (76) · 7 years ago

Yes you do, main password and there are other private keys which you can access through your Wallet page and they can used separately for specific purposes, giving user much safer usage instead of using main password...

$1.28

3 votes

marky (49) · 7 years ago

Thank you.
I didnt know that.

liberian (50) · 7 years ago (edited)

Thanks for the great info, I was wondering what the different keys are for. I'm glad to follow you and as long as its not off a cliff...lol

Thanks for the great post and please keep it coming. Cheers

12 votes

munawar1 (51) · 7 years ago (edited)

@good-karma,,,,I do not know how to use Memo private key........??

12 votes

good-karma (76) · 7 years ago (edited)

There are no use cases afaik, but it can be used for encrypting private message.

$1.27

4 votes

kaeptnkook (44) · 7 years ago

thank you... but how does private communication on steem work? i didnt see private messages anywhere.

good-karma (76) · 7 years ago

It is not implemented yet, but possibility is there.

$1.31

2 votes

cryptodan (52) · 7 years ago

Thanks, I had been wondering what the different keys were for :)

royalmacro (72) · 7 years ago

Very good info for newbies ...... thnx & upped ^^

robmeister (48) · 7 years ago

Oh I was wondering what those were. I'm really glad I didn't go around and play them keys. I could've been in big trouble.
Thanks for the post I really appreciate it!

rymlen (68) · 7 years ago

Ah! Never quite onderstood the system up until now. Thank you for explaining.

mars9 (64) · 7 years ago

Resteem This Post

kneko (34) · 7 years ago

great post.. very informative..

lautenglye (54) · 7 years ago

resteem and upvote for your post....

wahyurahadiann (70) · 7 years ago

The information I am waiting for thanks @good-karma

xredsoulless (53) · 7 years ago

Thank you for sharing this information. I'm still learning and honestly didn't know there were so many keys. Thanks a bunch :)
Following you.
Follow me @xredsoulless