RE: I Tested Steem Bid Bots For A Week - Here's What I Learned

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I Tested Steem Bid Bots For A Week - Here's What I Learned

in steemit •  6 years ago 

Steemit closing your account would be like Satoshi closing your Bitcoin wallet. It can't be done because steem is a decentralized blockchain and your account is a crypto wallet on that blockchain.

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ok thanks I'm still trying to get my head around the decentralised concept.

Well, kind of. If you opened your account through steemit, from what I understand,they can "recover" your private key. I am not totally sure, but I'm guessing this meansyou gave them authority to change your private key. So yes, they could close your account, if this is true... I Would appreciate some clarification, actually..