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RE: What if today was the day you realised that you have lost your Master-Passwords & Keys for your STEEM-ACCOUNT?
I hold, and I exchange a lot. I don t believe in HW wallets. I have paper-wallets and highly encrypted environments offline.
And paper wallets
Not tried it yet
perhaps, he meant that you can write the password in a book or paper fro keeps! Keep the conversation going!
How to create a paper wallet
http://www.coindesk.com/information/paper-wallet-tutorial/
@ghostwriter82 That was a good read you shared, thanks!
Hey @fyrstikken nice post and great advice even for the folks that think they're on top of things!
Could you elaborate on what you don't like about HW wallets? I use the Ledger Nano S and, so far, it's been great. I like that it makes it difficult to want to quickly trade my crypto, which gives me a chance to think things through.
I've also verified (twice now) that the 24-word recovery seed correctly restores my HW wallet. I did it once when I first got the Nano S as part of a test for this @steemit post: Testing Recovery of a Hierarchical Deterministic (HD) Hardware Cryptocurrency Wallet and I did the recovery again recently when upgrading the Nano S firmware to get support for the Dash wallet.
Paper wallets are near the top of the list for safety as well but with a small window of risk when you go to enter your private key into the computer, as which point it could be theoretically compromised.
QUESTION: Does master-password = owner-private-key = password-for-the-owner-key? If so, then why is @steemit using so many terms to describe the same thing?