Quote from: Nebell on August 29, 2017, 09:17:01 PM

Quote from: MiBambino on August 29, 2017, 07:16:36 PM

Quote from: ModFather on August 29, 2017, 06:54:29 PM

Quote from: wasif11 on August 23, 2017, 05:21:34 AM

For those affected by the upcoming Antshares web wallet shutdown, go to https://neo.org/download and download a web wallet app.
NEON is the easiest and fastest to use though it is technically a 3rd-party app supported by NEO.
NEO-GUI is the official app though it has several issues such as being slow AF and claiming GAS involves having to send your NEO to yourself in order to unlock them. Also, you DO NOT have to transfer your NEO to a new address.
You just have to import your address information using your private key.

Ty for this. Questions from a complete neo n00b:

1. neon wallet, I can claim GAS... I can do this at any time? Any advantage/disadvantage to claiming it when it says I can claim?

2. what is GAS? Is it worth anything to me?

Gas is basically the price you pay to make sure your transactions go as fast as they do in the neo network (or eth network). It's quite valuable, and will only go up in value as the neo/eth networks get more volume.

You shouldn't claim your gas right now, but hold it. Depending on how much neo you hold, your wallet will generate gas. My estimate is that you earn 1 GAS a month for every 100 neo you own. Let's say you hold 50 neo in your wallet. This means in 10 years you'll have generated 60 gas. Given that the gas prices will only go up (as a result of the expansion of crypto itself and the inevitable rise in volume on the neo network), you can be sure each GAS is worth over 100$, so you'll have made 6000$ by doing absolutely nothing.

I can tell you that 10 years from now I won't hold any of my NEO. I'm not interested in just watching it grow (IF). At one point in time, I'm going to cash in. And even if I do it now at $32/NEO, I will still gain 5x profit. I am good with that. But, I have no need for that money now, but I'm pretty sure that I won't have any in a year.

That was just an example, the only coin I invest in for the really long haul is IOTA, I expect NEO to reach 500$ within 3 - 5 years.