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RE: Is There A Serious Password Problem On Steemit?
Limited one thing I find very bad about, such a large social media site but they have no password recovery system.
Limited one thing I find very bad about, such a large social media site but they have no password recovery system.
The problem with that statement, is your assumptions are all incorrect.
This is not a large social media site. This is an interface to the block-chain.
There is nobody back there. There are no admins. There is no support staff.
Further, your password is not a security feature to allow you access to the site.
It is a cryptographic key that has to be used to sign every transaction you do with the block-chain.
This crypto-key is yours and yours alone. Everything you do on this site is tied to it.
If someone could modify it, then they would be able to steal everyone's steem.
If someone could break it, it would mean breaking the cyptographic lock that is the basis for all things crypto.
So, there is no site, there is no admin, and their is no way someone can recover your password.
Thanks very good explanation..
I hope they find a good solution to this... What does account security matter if you lose your password and can't access your account yourself?
You're right.