Another Advantage Of STEEM Power

in #steemit7 years ago

 

Just a random thought on security.One of the issues that make me feel insecure about wallets is the fact that you have all of your holdings centralized onto a single program. Likewise for currencies that provide key phrases or private key for access to apps that link to the blockchain, your assets are still readily accessible to an unwanted user should the key be compromised.In both instances, your assets are vulnerable to a single transfer to flush out your holdings were your computer or phone to become compromised.On the other hand, while its often seen as a disadvantage to have your holdings locked away (unable to be transferred at a moment's notice), Steem Power does provide an unofficial pseudo-vaulting service by requiring a multi-week withdrawal period. If my phone or password was ever to be compromised, at least I would have some time to react to the breach.Just a thought to consider. 

Sort:  

Congratulations @pricesteem! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published
You got a First Reply
Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 75969.36
ETH 2843.76
USDT 1.00
SBD 2.56