You are viewing a single comment's thread from:
RE: Bluffer's Guide to Steem - Knowing Your Keys & Account Security
I think from a technical view, when Steem ends up being compatible with a hardware wallet, the master key may also be necessary to continually generate the other keys. However, I'm unsure if I would want to use that for more than storing my owner key because using it is a bit of a pain.
I think if that would happen with integration with hardware wallet then you probably would want to have the master password as your private seed wouldn't you? It would be the ultimate last line of defence. The owner key may then have to just be changing posting, active, memo and owner keys whilst leaving the master as just that.
That way the owner becomes the one that continually changes? Not sure the technical side of it but that makes more sense to me and keeps in line with other hardware wallet usability?
I believe you are correct and there is indeed a way to change the owner key without changing the master KEY. For example the hardware wallets usually use BIP-39 (i think), it's combination of 24 words from a list of 2048. However, the master PW on steem can actually be anything (use the random generator). So yeah, it could generate an infinite series of keys. But this is why it is difficult to program. It better indeed meet cryptographic standards when generating new owner keys.