Welcome to Steem. Would you join me during day one of this 28-day boot camp because inside is the best of what I’ve learned about how to be successful on Steemit, what works to earn money, how to keep our accounts safe, where do we go for help and how do we make lasting deep relationships with people on earth. If you’ve just got an email like this as I did on May 20th, 2017 saying your Steem account has been approved you might be really excited like me. Each day of this boot camp will focus on one critical activity to do that I think will be most helpful for you based on my experience including what I’ve done right and all the mistakes I’ve made in my 6 months on Steem. Therefore, for day one what is the one thing that’s essential to do on our very first day? Most of the excitement I’ve seen starting out on Steem is about how do I make an intro post and earn money and build followers. That is too much to get started with. We’ll tackle each of these things one day at a time.
On day one there’s something much more important that I’ve noticed my friends and family signing up often not paying much attention to. Would you join me in seeing exactly how to do this because this may prevent a huge pain point in the future? As soon as we get our Steem account we get a link to steemit.com/start with some custom characters for each of us. This will allow us to set up our password on Steemit. We will receive a password or have the ability to generate a password that is the master key to our account. During day one the most important thing to do is build or use an existing system to keep the password safe and to start immediately using these permissions or keys to sign in instead of the password. I’ve noticed friends and family signing up not paying much attention to backing up the password or keeping it safe and signing straight in as I did to Steem with the password. On Steem our password is the master control to our account. If someone takes the password that person has master control of our account and there’s no third party who can definitely help.
Steemit may be able to help by recovering an account but that’s not something we want to bet our account on. These passwords, if we lose them as you can see, Steemit says we cannot recover your password. Unlike websites like Facebook if we lose access to our account on Facebook we can just go, “Oops! I forgot my password. Send me another one through the email.”
I’ve lost lots of passwords online and use the email recovery option. There is no email recovery option on Steem. If we lose the password we lose access to our account. That is the number one risk factor for Steem. That is the most likely possibility of something bad happening. Is losing access to our own account. What I recommend to prevent this and to build an ongoing security solution for all passwords is to use LastPass at lastpass.com. My friend who is a cryptocurrency and IT security expert, he recommended and uses LastPass also. LastPass is a vault where I store all or most all of my passwords online except the password that opens LastPass. LastPass allows us to just remember one really secure password and we can also set up two-factor authentication to provide additional security on our account. And then once we log into our LastPass account we get into a vault that has all the rest of our passwords. I highly recommend using a password manager to backup not only LastPass in terms of using it for Steem and not only to back it up but also to back up other passwords. Because this will just speed up the sign-in process and allow for much greater security.
I then changed my password to prevent anyone with the old password from being able to get into the account within 30 days and now since then, I use the posting and the active keys as the only things I use. I haven’t signed in with the password in months. This I hope has been extremely helpful for you in getting started and once you are comfortable signing in with the posting key and/or the active key depending on where you want to sign in then you’re ready to do day two. The posting key is the only thing that should be needed getting started but you want to also have the active key available for things like witness votes or other apps. Therefore, in summary, to complete the day 2 you will want to have the posting private key ready to go and be signed in to Steem with the posting private key. Thank you very much for watching day 1 of Steem 28-day boot camp here with me, Jerry Banfield. I hope this has been helpful for you and if you’ve enjoyed this I hope to see you in day 2 of Steem boot camp.