I think that this is the best solution. However, I would say that the best feasible solution for active participants who care about the size their accounts have on the community would be to put it all in SP. That way, even though you would not be entirely safe, a phish attacker would still need to power down for a week and that would give you more than enough time to log into your account, cancel the power down and change your password.
Another way to increase the safety of your account that many people don't do is to only use your posting key on other sites. That way, if something gets stolen, it's just a password allowing them to vote and comment. I think that Steemconnect should start enforcing and recommending this so that people don't go around putting their Master Password in unnecessary places, since this creates very big security risks.
STEEM Power is the way to go, but there are many reasons to keep liquid funds, and there are accounts that have thousands and even hundreds of thousands of liquid funds sitting in it.
Why would someone store hundreds of thousands of Steem and/or SBD on their account? I suppose it's a matter of ease of access. In that case, I think you're right and that the way to go would be a "paper wallet", or a "paper password".
don't you think folks who own huge sbd or steem prefers it in one account bcos of the respect and reputation it accords them. I still insist as i submitted earlier on 2FA and i know steem(it) has the programmers to work on it. nice point though... @cryptosharon
There are people who use 2FA to store their passwords even though it is not implemented on Steemit. It's worth a shot, I think.
Sure. Glad to have someone who agree with my submittion. Let's keep in touch 💪
¯\_(ツ)_/¯
Just rich people things.
There are much much smaller accounts that can still use the advice.
Actually this advice is more crucial for the smaller accounts. Big account owners most of the time know how to secure their accounts. That’s why they are still rich :) With the advent of bidbodts smaller accounts now enjoy possibility of having bigger upvotes. Since they need liquid steem on daily basis they can neither use savings facility nor Powerup their accounts. Even yesterday there was a steem user asking for help on SMT Telegram channel regarding his compromised account. This one and abundce of other cases tell us that it wouldn’t be logical to feel safe because you are not rich. Keep in mind that scammers also know that you think this way and you don’t pay attention to security. Big scammers might not be chasing you but there are lots of “plankton scammers” who would pursue even 0.01 steem on your account.
It’s a smart advice and i’ll take it. Better than being sorry :)
That was really helpful.
:)