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RE: BitShares Hangout #41 | 2017-10-07 | Sat @100PM UTC | OpenSource Agenda [Beyondbit Payouts Powered by SP!]
Access Your OpenLedger Wallet With a Barcode (Airbitz)
"Airbitz has now partnered with OpenLedger ApS to allow users to login to the decentralized blockchain with the scan of a barcode. Using Airbitz, private keys are instantly created, encrypted, and backed up, meaning that for OpenLedger users, there are no words to write down, no files to save, and no data to encrypt. It all happens automatically, magically."
Potentially getting locked out of your BitShares account because you forgot your password is greatly diminished if using the OpenLedger-Airbitz integration for BitShares. This is very helpful for digital currency newbies.
There has to be something that you can lose or are required to write down/print out, or am I missing something? How do you move your account to another unit and proves your identity?
what u need is always have access to your password, thats essentially what is needed to access your account. In these days there are so many ways to access your password even if you forget, so if you are a forgetful person it is obviously advised to follow the instructions for instance using gmail to always have option to recover password. If you have no way to recover your password, you are basically lost, but it beats having to remember password and binfile both needed to connect, and is by far the bets solution out there.
Well, then their statement is wrong as they say that there is nothing to write down. What is the meaning of this then? Not saying it's bad, just don't understand the practicality about it.
As of today you need:
With them you need
Even though I've heard that even if they go down, you will be able to access the services, but it seems like a step in the wrong direction since BitShares and most cryptocurrency is so we don't have to rely on another party for accessing and managing our own money and assets.