Steemit password system is going to cause problems

in #silvermoney8 years ago

One thing I know about working in tech is that passwords get lost.

If steemit is going to make this passwords can not be recovered deal a cornerstone of its business model I can see a weaker version of their business model with a less secured password method and a recovery tool surpassing this site in popularity should it catch on.

Just my 2 cents.

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Recovery features have been added to the blockchain and there are more to come. This is the first blockchain to offer such features.

If a provider can reset passwords to any account, they effectively have full access to every account (Facebook, Reddit). Steem is a new paradigm.

Agreed. This needs to be done carefully. There are potentially extra risks with STEEMIT that don't exist with other social media networks which require a more cautious approach. We don't need more hacks and we certainly don't need a big theft like the DAO.

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