Great post!
I'd add perhaps that it is recommended that you use your Posting Key for everyday use, and instead use your Master Key only if you need to administer the account. Which should happen rarely.
Thanks for sharing!
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It's in the post in 2 places. Also I think you mean owner key rather than master key.
There is a Master key and an Owner key, that are not necessarily the same. And my apologies, I must have missed it both times, lol! ^^
Not quite I think I should have been a bit more specific. The owner key acts as a "master password" which will be accepted by any of the forms - I think that is where you are getting it confused because the term "master" is used descriptively but the actual name of the key is the "owner key".
I think the master key, also sometimes called "the password", is the first key used at registration. It then can be safely forgotten as long as you store at least the owners key.
(Might be incorrect. because this is all very confusing even to senior users, but that's the way I understand it.)
That is the owner key as I understand it. If you lose it you are in trouble.
I think the master and the owner key get confused because there is very little difference.
Check these two posts.
I personally don't have any clue what my master key is anymore or whether I was even given one to begin with, but still have all the others including the owners key.
It is confusing and people sometimes refer to the private Owner Key as the "password" for the regular Owner key which is one of the sources of the confusion I think!
The method of signing up has also changed which I suspect may be adding to this - there may have been an extra password when people signed up using Facebook or other accounts - I honestly don't even remember now.
The last time I changed my keys was a few months ago and I only got one "master" key which I presume is the private Owner Key but there is no way to check now since you cannot view it (private owner key) anymore.
If I am wrong I am happy for someone to correct me.
Anyway the point is that whether you have a Private Owner key or Master Password, these should be kept offline unless you really need them and the only situation for that would be to change all the other keys.
For day to day use people should only use the Posting key.