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RE: What if you forget or lose your private key, how can you get access to your money? Answering your Questions
Thanks @littlejoeward for answering my question.
But dont you think its a set back if there is no way to get your private key back.
If you forget or lose your private key it is lost to the world, there is no one who can tell you what it is.
Imagine if you los your phone or computer to fire incident or i was stollen and the place you kept your private keg was not accessed for year, getting to access it, you discovered the medium you use in saving it has been corrupt or something. Dont you think it will be better if there way a way to get back access to your account just as the bank. Imagine all your money lost...
Thanks again, i love your post. Cheer @ogt
The only other option is to trust someone with your private key, whether that is a company or a friend or someone else. I think it is better to only trust ourselves and if we're worried about losing it, share it with someone we trust.
Interestingly enough, the company that develops steemit.com and the steem blockchain have an option where they can recover your private key if you lose it but I'm not too familiar with how it works
Thanks for your great reply. Was really helpfull