Everything Ethereum
ethereum·@mcmike313·
0.000 HBDEverything Ethereum
This is my first post so lets see how it turns out, ive introduced a solid 100 people to Ethereum over the past 3 months and ive been tweaking an email that i would send to them but it goes something like this: I would get them to go to myetherwallet.com make a password and save the file(UTC keystore) I would make them email the UTC keystore to themselves incase there laptop dies or gets stolen etc and make sure they will never forget the password I would send them X eth, take them to shapeshift and make them convert 1/10th of there eth to Golem(GNT), Gnosis(GNT) and Augur(REP) occasionally i would send them a small amount of BTC if they signed up to poloniex so that they could lend( the minimum is 0.01BTC) and form that i would explain that once they hit 10,000 satoshis or 0.00010000BTC which should take a few days they can then buy GNT, REP or GNO and it is effectively free anyways enough about the back story heres the email: What is ethereum: https://motherboard.vice.com/en_us/article/okay-wtf-is-ethereum There was always 4 parts to rolling out ethereum: Frontier (v1), homestead (v2), metropolis (v3) and Serenity(v4) currently we are about 1-3 months from metropolis https://www.youtube.com/watch?v=OQtRzhgHEBg this guy explains the roadmap of ethereum pretty well switching from Proof of work(POW) to Proof of Stake(POS) is what will make ethereum go up the most in price https://ethereum.stackexchange.com/questions/118/whats-the-difference-between-proof-of-stake-and-proof-of-work these people explain it much better then i can but basically in POW you use electricity as proof that you are contributing to the network in order to get rewarded with POS instead of wasting power you will "stake" your coins for example you wont spend your ether for several months and will need to have internet and a few other things that has not been publicly released yet and in turn you will receive rewards effectively giving you interest for saving which is why i think alot of money will flow into the buy ether leading up to that, e.g if i was running a silk road and it costs me 10 ether to run the website in gas, if i buy 10,000 eth and stake i will make 10 per day for free, allowing me to run a website on ethereum for free www.myetherwallet.com - this is how you can access your wallet www.shapeshift.io - an easy to use currency exchange www.poloniex.com - this is the biggest crytpo to crypto exchange www.coinbase.com - this is one of the biggest $$ to crytpo exchanges that offer btc and eth note i dont use coinbase but this seems to be the largest in terms of countries allowed to signup www.etherscan.io - is what they call an 'ethereum block explorer' you can search for your address and track it in real time as a read only wallet https://etherscan.io/charts - has lots of charts that are updated daily (0:00 UTC time) the main ones i look at are: transaction history chart - this shows the total number of transactions over the last 24 hours address growth chart - this shows a total number of addresses that have been used at least once on the Ethereum network  ether historical prices - this shows the price of ethereum since it was created  ethereum network hashrate - this shows the total amount of power used to secure the network - 1 top of the range graphics card mining ethereum will get about 0.03 GH/s  Etherum GasLimit History - when you send a transaction it costs about 21,000 gas, each block(~17.7seconds) currently has a max of ~6,700,000 gas that can be used  Ethereum Average GasPrice - this shows how much one gas unit costs - currently this is about 0.00000002 ether so when you send a transaction it would cost 21,000 x 0.00000002  total daily gasused - this shows the total amount of gas spent over 24 hours which is a good indicator of the network growing  there are other charts on that page but they are the ones i usually look at but if you have any questions about other charts ask me and i will answer them What is Golem? https://golem.network/ What is Augur? https://augur.net/ What is Gnosis? https://gnosis.pm/ these should all contain a video that you can watch as well as point you to forums etc to find out more, again if your unsure about anything hit me up and i will answer what ever you want reddit channels https://www.reddit.com/r/Augur+Golem+TheDao+digix+ethereum+ethtrader+gnosisPM+reptrader+slockit/new/ https://www.reddit.com/r/bitcoin+btc/new/ https://ethstats.net/ - this shows the state of the network for the last 25 blocks or so if you listen to podcasts - the ether review - state change big props to Arthur Falls if you go back to the first few podcasts on 'the ether review' they should explain most things pretty simply http://www.weekinethereum.com/ - this gives you a summary of the last 7 days that has happened in the world of ethereum down the bottom of the blog post it has a list of ICO sales, ICO stands for Initial Coin Offering similiar to a company doing an IPO or going public, its worth doing alot of research before you send any eth to them, golem augur and gnosis all released the tokens in the same way by doing an ICO. I am not following any particular ICO's at the moment but im sure there will be some more in the future that will be very good some other coins that are built on ethereum that i have missed or i just have a small amount of include: www.digix.io https://mysterium.network/ singulartv humaniq taas again ive probably missed stuff out so if you have any questions let me know and ill try fill in the blanks but this should keep you going for the a while