You are viewing a single comment's thread from:
RE: The Joy of flashing the STEEM account-value!!
I have always thought this was a pretty crazy platform design and you are absolutely right, it could easily be coded out. I wonder what the thought process was behind it that made the dev's think that it was more important than privacy?
I will write a post about it tomorrow.
The idea is to increase the trustless nature of the blockchain, right? If you can't see the account values, it is harder (or impossible) to detect fraudulent activity on the blockchain.
Then there is the question: Who determines what activity is fraudulent? It's not an easy one.
I don't know how I feel about this... Privacy is good to have, although these changes may have far reaching ramifications relating to legal issues and the security of the network. I'll have to think about it.
I am not a pet for the current failing systems often referred to as legal, fraudulent, government etc. I am here to support those who change the world, and by that we change governments and we change everything! Julius Cesar does not rule anymore and Rome is famous for its many ruins.
I have created my post here as promised. Good to see @berniesanders getting on board too. Also I have voted for your witness @fyrstikken. Can't believe I had't seen that before.
https://steemit.com/privacy/@simondocherty/time-for-steemit-to-put-it-s-big-boy-pants-on-privacy-matters
More power to you!
I look forward to the day when we stop concerning ourselves with the dictates of some arbitrary government. I realize there are consequences for violating the monopoly of violence to which we are constrained, but tools like this should help us shed those aggressions.
I was thinking along the same line too.
The original idea was that all transaction is transparent and trustless, but censoring the basically the utxo of an account from the explorer brings its own set of issues. Should this really be implemented, does that mean transactions go the way of privacy-centric blockchains like Menero or Zcash? or is it just a simple censor slapped on top of the account value? and if it works like the latter, does it mean anyone who has the copy of the blockchain still able to see all the transaction and the account value? What power would that create?
I apologies if my thoughts and words looks confusing. As you said, we all need to think about it.
You bring up some valuable points. Honestly do not know enough bout it either way for it to matter now.
The main problem is the really lazy placeholder-like security system. Why do you need to have to expose your entire active key everytime you want to do anything with your wallet other than redeem your rewards? I understand you're not using your masterkey and that allows you to not have your account completely stolen, but someone doesn't need to steal your account to clean you out.
Why isn't there 2-FA for Google Authentication and Email? Just offer a selection of simple ways to reduce the risk I don't understand how they can think they can really compete with the likes of YouTube and Reddit when those people are going to be even less interested in getting serious about the security of their account than most of current society that also needs their hand held through understanding aspects of the blockchain system.
Ideally people should not need to know anything about what's going on under the hood, it should just work. It should be impossible to accidentally expose yourself to something that much of a high security risk and yet you're asked to do that everytime you need that active key. At least they created a separate system that lets you login and post with a different key. What they should have done and could still do is have the main system we're posting on now and the wallet system as visually separated. I want to have some sense of separation so it doesn't feel like my Facebook page is also my PayPal account. And why in fact do they not have a desktop wallet? It just always feels so insecure to me which is why I am so nervous about participating in the economy such as a delegating and so on even though I really want to.
So many strange design choices, but I'll stop before I get into a rant about why they didn't program a private message system or a bookmark/saved function for favourite or interesting posts you want to come back to. I get 3rd party devs can program stuff on top and create these things but I don't understand basic functions of this wasn't dome in a certain way to begin with.
If they had Ledger support that would solve the whole problem of private keys completely.
Upvote and follow back
@iramarsela