The DAO was hacked. Ethereum itself wasn't.

Let's be generous and say 30k per day. 3 years = 365x3x30,000 = approx 33m
Add 90m existing = 123m

Where are you getting 400m from?

Your second screenshot shows ANT at 0.0121 ETH, so your 700 is approx 8.47ETH. There's your profit.

However, there's no guarantee that's the rate you'll actually get on any particular exchange. If you want a direct ANT-ETH swap, you'll have to make do with whatever rate you can find available since it's not a massively popular pairing.

On the other hand if you want a better reflection of the full value change, you can switch to BTC as an intermediate currency first, but you'll end up paying more in fees/charges.

ETH supply growth is not exponential, it's linear.

Tech behind IOTA sounds great, but obviously it's massively overvalued and is going to continue to tank. When it settles, it may be worth investing.

It isn't. General consensus seems to be that bitcoin handles 7 transactions per second, whilst ethereum is about 15 transactions per second. Neither can scale well yet.


Currently there's a fixed issuance each year, around 15% for 2017 I believe. This % figure gets significantly lower each year since the constant figure becomes a smaller percentage of the total available. This will change when PoS is introduced, at which point the issuance will likely be much lower but at the least is guaranteed not to be higher.

This is a big figure, but is currently not a big factor since it's dwarfed by the increase in demand.

Bought Ethereum for $10. Still holding.

Sadly I didn't buy a life changing amount of them, but I doubt I'll ever do as well on anything else

Okay, so if the total supply is 2,779,530,283,277,761 then for a $1 billion market cap we would need a price of approx $0.28 per Miota, if I've got the zeroes correct?

Currently a little over twice that on bitfinex

For the value to be stable we need an inflation rate approximately equal to whatever fraction of coins are 'lost' in the system never to be recovered. Otherwise you'll get deflation. As to what the figure for lost cryptocoins is... that's anybody's guess.

If you think every dollar in existence has it's share of gold in Fort Knox (or anywhere else for that matter), you're in for a shock. The dollar hasn't been backed by gold since the 1970's. What it is effectively backed by is the future economic output of the US - essentially the future labour of the people of America.

But again, if you calculate the number of dollars in existence and figure out how many each US citizen would have to back.... the numbers are just as bad as the gold.

The reality? The dollar is backed by nothing more than confidence. That's exactly the same thing backing bitcoin. The only difference is the dollar is more widespread, more entrenched in the system, and has more confidence. As for real value though? There's not much in it.

Basically the keystore is a 'safer' way to use your private key, since any thief would require both your keystore file and your password, instead of just your private key - so you're more protected against key logging or copy/paste hijacking and similar threats. You could just use the private key if that's what you prefer, it will have exactly the same end effect. If you are using this wallet frequently on an always online PC, then more security is always advisable. On the other hand if you are using it infrequently on a mostly offline PC, you may be comfortable just using the private key.

Answers as best I can remember:


Your wallet is basically an address and private key. That's it. Everything else is fluff. Basically the address is needed to send ETH to you, the private key is needed to send ETH elsewhere from that address. Think of them as an account number and security key. MyEtherWallet also generates another file which will convert your chosen password into your private key and uses this to unlock your wallet. It just an extra security step because memorising your password is easier than memorising your private key, and means you won't be copy-pasting or storing an important password

If you lose either your address or key, you're screwed. You cannot access your ETH any other way, so is is suggested to have multiple physical and digital backups in secure locations.


You can write or print the address and private key on paper, you can store them in a text file on a USB drive, or anywhere else you think is secure. They are offline files


The private key is derived from the password you chose, but not the same


Literally this just means printing out the address and private key, as these are all you need to use the wallet.


If I remember rightly, raw key is the plain text of your key and the QR code is just an image which can be scanned to reveal your key.


Ultimately you are responsible for your own security. You will want a multiple backups for if your laptop dies, apartment burns down, etc. If you plan on storing online, are you comfortable with the idea that if someone gets the password for your google drive (or whatever) they'll be able to steal everything from your wallet?

Nope


In order to use your password, you MUST also have the file that goes with it and your address
If you memorise the private key instead, you do NOT need any file to go with it, just the address

Your wallet contents aren't really on your hard drive. They're online in the blockchain. What's on your hard drive is the information required to access the account. When your laptop explodes, you've lost the info you need to open it up or move funds. If you have another backup of your access info, you can still access the wallet and all it's contents.