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RE: About The New Wallet On Steem.

in #steem6 years ago

I've never understood what the memo key is for anyway

The 2 main keys are
Posting ...should be the key for everyday stuff apart from payment.
Active... Should only be used for wallet/steem movement
the other keys...
Memo key? no idea
Owners key should only be used to change all other keys or to reclaim your account.... Never for login, never for posting, never for payment.
The owner key is the master key and not an everyday key

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It's for encrypting memos. So people can like send you messages without everyone seeing it.

Well, that's why it should go under advanced features.

Yeah, maybe. But...it is questionable if Steemit should be the Facebook type interface for the masses...or if maybe they should split it...or maybe someone else should come along to make the super easy one for everyone. Facebook has actually be hinting that they might be looking into crypto. Scarily enough, they could literally come along and fork Steem or make their own interface or a competitor.

Well you learn something new every day :-)

Thanks for the reply and info

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