Would you like to steal 5 EOS?
Ok.. go ahead and try! Here is the private key for yostealmyeos
5K5V1MY4iPBvT1vZ8rdX89JVDMJXosmRqKGoUxCfYaVck69qNU2
So why am I posting a private key publicly on Steemit?
This is an experiment! EOS.IO blockchain was developed with account recovery in mind.
With EOSIO blockchain, #codeisnotlaw. So if somebody gains control of your account maliciously, there are methods to protect users and recover stolen funds thru an arbitration process.
However, in the case of this experiment, I may not even need arbitration.
Accounts on the EOS.IO blockchain were designed to include both an Active Key and an Owner Key permissions. The private key posted above is for the Active Key permission of the account.
The owner key can be used to "reset" the Active Key permission.
The 5 EOS.IO in the account are all "staked." In order to transfer EOS, the tokens must be unstaked. The EOS can be unstaked with the active key, but the process takes 3 days (by design). Within this time frame, I should be able to update my active key to prevent the loss of funds.
So if you would like to participate in this experiment, go ahead and try to steal the 5 EOS.IO and we will see what happens!
Good luck! :-)