Steemit for Boomers: Why So Many Steemit Passwords???

You may not know this, but you have four different passwords or "keys" associated with your Steemit account. In this video, you will learn how to find all of your Steemit passwords, what they are all for, which ones to use when, and how to protect them.

Table of passwords and their functions

Action	Posting Key	Active Key	Owner/ Master Key	Memo Key
post, comment, follow, upvote, downvote	X	X	X
Transfer, trade, power up/down, change keys, witness voting		X	X
Change owner key			X
View private messages				X

Here's another way to look at the same info:

Key	Action
Posting Key	post, comment, follow, upvote, downvote
Active Key	post, comment, follow, vote, transfer funds, trade, power up/down, change other keys, vote for witnesses
Owner/Master Key	post, comment, follow, transfer funds, trade, power up/down, change other keys, vote for witnesses, change owner key
Memo Key	view private messages

***EDIT: @sorin.cristescu points out in comments below what the memo key is used for and how to use it. Here's the post explaining the memo password in more detail, written by @steemmillionaire.