You are viewing a single comment's thread from:
RE: Handling Private Keys: Does Steemit Break the Cardinal Crypto Rule of Becoming a Bank?
that is indeed very worrying. Do we have any knowledge what steemit does with the information provided and how other steem-apps handle this? If steemit holds all the keys, that is not only a problem for national involvement, but also a huge bounty for hackers.
Not sure. If hackers still have to hack everything individually, then that's no longer a honeypot. I don't know how Steemit stores these Pub/Priv key pairs.