I was thinking about finding some time to read about how keys work on steemit in detail, as I want to make some software which can do automated stuff, and for that purpose, I want to keep my key in a very safe manner on my computer. Now this post of yours was really helpful in that regard.
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Well now you know. Steemit is evolving with time and there have been alot of changes as far as keys and passwords are concerned..
This is the most recent one.. i have updated the post. There were few errors in it. I would urge you to kindly re-read the role and task of owner key and master password. Also i added a paragraph on how to change your password and keys..
Best regards..