The devs have a solution on the way. The latest version, which has been reviewed and passes all unit tests, allows for account recovery and gives various authorities to either the top witness or to Steemit's main account. You'll see more details from the Steem team soon!
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There will be additional UI changes to separate out user posted content and voting from the other roles. These could be separate site entirely. I would like to see Steemit use separate domains for these two sites.
Sounds like there could be additional security implications in giving more authority to witnesses or Steemit itself. Do you have any thoughts on that?
I think the 30 day rule for making transfers irreversible helps a lot. Also, steemit has an incentive to try to be fair and maintain account security, while doing so in a decentralized manner in the spirit of the blockchain. Not an easy feat.
Thank you for the info, I know the steemit devs will come up with a secure solution. Everyone is going to be happy, especially all of us who have been a part of this so early on.