So basically any person who knows what your username is on steem, can check your wallet balance. Thus if they know you have a great deal of money then can put a gun to your head and demand that you send all your money to an exchange or wallet of their choice. That being said this same is true for bitcoin or ethereum for example. If someone has my ethereum address then they can go have a look how much I have in my wallet at a given time and perhaps with the help of some persuasion and a gun they could get me to transfer them that amount. Does that make sense?
Yeah, I think the main solution is to just not link your real name with your account. Tough for celebrities, but they should probably keep steem power on an alt and shadow vote with it.
Jesus. That's pretty scary! Lucky I'm not "steemit rich" HA! Wish I had to worry about but so far, I think I'm not a target. But I can see issues that come up that can't be fixed because of the blockchain. Kind of a double edged sword.
hey man thanks a lot for that i was also curious about the anon account @berniesanders was talking about. ye this is a serious issue to correct! thanks again =]
The difference is if no one knows your Ethereum address they can't look it up and there's no clear connection as to what exactly the nature of the transactions were for, whereas with Steemit everything is very clearly associated with you and there's far more direct information about the source and destination of those transactions.
So basically any person who knows what your username is on steem, can check your wallet balance. Thus if they know you have a great deal of money then can put a gun to your head and demand that you send all your money to an exchange or wallet of their choice. That being said this same is true for bitcoin or ethereum for example. If someone has my ethereum address then they can go have a look how much I have in my wallet at a given time and perhaps with the help of some persuasion and a gun they could get me to transfer them that amount. Does that make sense?
Yeah, I think the main solution is to just not link your real name with your account. Tough for celebrities, but they should probably keep steem power on an alt and shadow vote with it.
Yea that's probably the most secure method and I hope there's development in this area to make it really clear and simple to create these things.
Jesus. That's pretty scary! Lucky I'm not "steemit rich" HA! Wish I had to worry about but so far, I think I'm not a target. But I can see issues that come up that can't be fixed because of the blockchain. Kind of a double edged sword.
hey man thanks a lot for that i was also curious about the anon account @berniesanders was talking about. ye this is a serious issue to correct! thanks again =]
Where can they look at your eth eallet
Etherscan or any Ethereum blockexplorer.
The difference is if no one knows your Ethereum address they can't look it up and there's no clear connection as to what exactly the nature of the transactions were for, whereas with Steemit everything is very clearly associated with you and there's far more direct information about the source and destination of those transactions.