You are viewing a single comment's thread from:
RE: This is why I don't agree to any terms and agreements ever.
Hey, thanks for the reply. I would never use a desktop wallet though to be honest, and in this case would be impossible I think since I power up every bit of Steem I get.
While the Terms and Agreements are annoying and they state these cookie cutter arbitration clauses there is nothing really to worry about.
You might be thinking about how wallets work all wrong. Think of them more as a piece of software that holds your private keys and your coins are always out on the blockchain. You never really have your coins on your computer. I know that seems weird but you coins aren't housed by Steemit.com. You can access and control your coins through Busy.org or the eSteem app or several others ways so even if Steemit.com went rogue and started kicking people off the site you would still be able to access your funds.
Steemit.com is just trying to cover their ass if someone jumps on here and uploads secret military documents to this blockchain or something. They don't want to be responsible for it.....etc.
Yeah, I got that about the desktop only holding the keys, but had read it made it more susceptible to hacking. My confusion comes in due to the Steem Power scenario. I know so little about it, things like is it always equal to Steem and does it exist off of the Steemit platform where one could still power it down without using Steemit.inc as an intermediary?
Small world, I see you are in Tucson as well. I have a little over a week left here before I move away again. Chances are if you go to the TVSM on Friday nights we have seen one another. I have sold on and off there since the 90's.
Yes it kind of sucks the life out of your steem morale doesnt it.
I look at my SP differently now.