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RE: What does a LIGHT ACCOUNT need to do?
So you think light accounts would be better implemented at the blockchain level rather than on a second layer shared between dApps (e.g. Hivemind)? How so? It is confusing to me why it would be advantageous to implement them at the blockchain level.
either is fine, blokchain level is preferred as it seems a better practise. but if it can work stable and secure just as well on a second level, ok with me, but i am not an expert in this dept. so i would rather yield to an experienced block chain dev on the issue of whether it needs to be implemented at the blockchain level or not
Cool. :) Yeah, I would think that implementing it on the blockchain level would defeat the purpose of a light account because it increases the complexity on the user side of things. Especially if you want people to be able to perform financial operations and to own their own crypto, then they become their own bank, with all the security issues, complexity and required education this brings. A big part of the onboarding issue seems to be about how to manage keys and security so that you can be your own bank and keep your funds secure. I'm thinking that this knowledge of how to keep your funds secure can be gained gradually - so that the person registers with a light account on Steem that is on a traditional database (e.g. Hivemind), participates on Steem socially (but not financially), learns more and more about crypto, blockchain, keys, security, etc. over time, and when they're ready they purchase or receive a full Steem account on the blockchain. At that point they participate on Steem financially. And in the meantime, since the light account generates content by interacting socially, the person can choose where funds generated from their activity go to (just like people now choose who receives the post payout).
What do you think?
I’m not sure I’m 100% with u here. But certainly coming in with one password on a light account as described in my message above would be cool. Just like and eth or a btc account. No different. Then over time the user can be upgraded or purchase a full steem account