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RE: How I Created A New Steem Account FAST - And How You Can Too (Introducing @thankyoujay)
Welcome to Steemit!
I'm glad you like my service (AnonSteem), I'm also happy to see that my attempt to boost LTC usage is working too. Bitcoin is just too slow, and costs me too much to move the small AnonSteem payments into my own wallets.
I know it's frustrating for many to get an account, and it's only gotten harder for people ever since AnonSteem was built. But this is because it costs Steemit Inc. to create an account, so they must do stringent verification, else they'll be losing a lot of money.
Hey @someguy123, thanks for your service and for explaining why creating an account using the standard Steemit application process takes so long. Are there any security factors I should be concerned about for using an outside application? I read in one of the blog posts I linked above that there could be potential security issues.
I'm glad that Litecoin works better for you, it's interesting that Bitcoin takes so long to transfer yet it's the premier blockchain currency. The discount absolutely motivated me to use LTC.
AnonSteem does in-fact generate your keys server side. We do this for convenience, and also because most users are not technical enough to generate their own keys.
Quite often, the fact that we keep a record of people's keys, has saved quite a few accounts from being lost to the void. It's common for users to mess up when changing their passwords, and they don't keep a record of the old one. Luckily they usually haven't deleted their keys from the server yet, and so I can help them recover their account.
All services have risks. If you aren't reviewing the code for STEEMIT.COM, the site could just as easily be hacked, and steal your account too. That happened just last year, and is the reason the account recovery feature even exists.
These services are all trust based. I have a long 5 year history in the crypto community, and I'm in the top 50 witnesses on STEEM. People see that history when they look up my name, for example I run LiteVault, which is an online wallet with over 40,000 users. If I were malicious, I could have stolen millions of dollars from my users. Instead, people see that I have a high respect for privacy, security, and integrity. If I ever shut down a service which has a wallet, I go out of my way to return every last penny to the users.
Regardless of that, there's still a risk that I could be keeping peoples private keys even after they're deleted. If someone had doubts about my integrity, then they probably shouldn't use AnonSteem. Even if I added client-side key generation, there's still the risk that I could inject malicious javascript to steal those keys once they're generated, so there still has to be a layer of trust.
Wow, thank you for being so honest. That's incredibly important to know, especially since Steemit accounts are directly tied to digital wallets.
I really appreciate your in-depth response and believe it will help people decide whether paying a third party to create their account is the right choice. I suppose no matter how you decide to create your account there are always pros and cons
This is an awesome thread. I signed up with Steemit in January and it was trouble free as it was not as busy.
I've been wanting to try out AnonSteem. Thanks for reminding me about this service @thankyoujay!