How to change the gnome default keyring password in Ubuntu Karmic (may apply to other versions as well)

After I initially set it, I needed to change it so that it matches my login password:

1. Open a terminal
2. type “seahorse”
3. Right-click on “Passwords: login” and click “change password”
4. Type your old password and then your new one.
5. Done!

 enjoy 🙂