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    Ethereum Getting Started with MyEtherWallet.com

    November 29, 2017

    Ethereum Getting Started with MyEtherWallet.com

    Getting Started with MyEtherWallet.com

    Posted: 29 Nov 2017 12:20 PM PST

    • Please take some time to understand this for your own safety. 🙏
    • Your funds will be stolen if you do not heed these warnings.

    https://i.imgur.com/LCuq3MI.png

    What is MEW?

    https://i.imgur.com/rrkqpOw.png

    • MyEtherWallet is a free, open-source, client-side interface.
    • We allow you to interact directly with the blockchain while remaining in full control of your keys & your funds.
    • You and only you are responsible for your security.
    • We cannot recover your funds or freeze your account if you visit a phishing site or lose your private key.

    MyEtherWallet is not a Bank

    https://i.imgur.com/zYsKqTe

    • When you open an account with a bank or exchange, they create an account for you in their system.
    • The bank keeps track of your personal information, account passwords, balances, transactions and ultimately your money.
    • The bank charge fees to manage your account and provide services, like refunding transactions when your card gets stolen.
    • The bank allows you to write a check or charge your debit card to send money, go online to check your balance, reset your password, and get a new debit card if you lose it.
    • You have an account with the bank or exchange and they decide how much money you can send, where you can send it, and how long to hold on a suspicious deposit. All for a fee.

    MyEtherWallet is an Interface

    https://i.imgur.com/7QNSG0B.png

    • When you create an account on MyEtherWallet you are generating a cryptographic set of numbers: your private key and your public key (address).
    • The handling of your keys happens entirely on your computer, inside your browser.
    • We never transmit, receive or store your private key, password, or other account information.
    • We do not charge a transaction fee.
    • You are simply using our interface to interact directly with the blockchain.
    • If you send your public key (address) to someone, they can send you ETH or tokens. 👍
    • If you send your private key to someone, they now have full control of your account. 👎

    Wait, WTF is a Blockchain?

    https://i.imgur.com/Wjs2hv3.png

    • The blockchain is like a huge, global, decentralized spreadsheet.
    • It keeps track of who sent how many coins to whom, and what the balance of every account is.
    • It is stored and maintained by thousands of people (miners) across the globe who have special computers.
    • The blocks in the blockchain are made up of all the individual transactions sent from MyEtherWallet, MetaMask, Exodus, Mist, Geth, Parity, and everywhere else.
    • When you see your balance on MyEtherWallet.com or view your transactions on etherscan.io, you are seeing data on the blockchain, not in our personal systems.
    • Again: we are not a bank

    We need you to understand that we cannot...

    https://i.imgur.com/mY8gqoF.png

    • Access your account or send your funds for you X.
    • Recover or change your private key.
    • Recover or reset your password.
    • Reverse, cancel, or refund transactions.
    • Freeze accounts.

    You and only you are responsible for your security.

    • Be diligent to keep your private key and password safe. Your private key is sometimes called your mnemonic phrase, keystore file, UTC file, JSON file, wallet file.
    • If lose your private key or password, no one can recover it.
    • If you enter your private key on a phishing website, you will have all your funds taken.

    If MyEtherWallet can't do those things, what's the point?

    https://i.imgur.com/FG9cYhd.png

    • Because that is the point of decentralization and the blockchain.
    • You don't have to rely on your bank, government, or anyone else when you want to move your funds.
    • You don't have to rely on the security of an exchange or bank to keep your funds safe.
    • If you don't find these things valuable, ask yourself why you think the blockchain and cryptocurrencies are valuable. 😉
    • If you don't like the sound of this, consider using Coinbase or Blockchain.info. They have more familiar accounts with usernames & passwords.
    • If you are scared but want to use MEW, get a hardware wallet! These keep your keys secure.

    How To Protect Yourself from Phishers

    https://i.imgur.com/zhEtRp7.png

    Phishers send you a message with a link to a website that looks just like MyEtherWallet, EtherDelta, Paypal, or your bank, but is not the real website. They steal your information and then steal your money.

    • Use the EAL or MetaMask Chrome Extension to block malicious websites.
    • Always check the URL: https://www.myetherwallet.com.
    • Always make sure the URL bar has MYETHERWALLET LLC [US] in green.
    • Do not trust messages or links sent to you randomly via email, Slack, Reddit, Twitter, etc.
    • Always navigate directly to a site before you enter information. Do not enter information after clicking a link from a message or email.
    • Install an AdBlocker and do not click ads on your search engine (e.g. Google).

    How To Protect Yourself from Scams

    https://i.imgur.com/7L7wGTp.png

    People will try to get you to give them money in return for nothing.

    • If it is too good to be true, it probably is.
    • Research before sending money to someone or some project. Look for information on a variety of websites and forums. Be wary.
    • Ask questions when you don't understand something or it doesn't seem right.
    • Don't let fear, FUD, or FOMO win over common sense. If something is very urgent, ask yourself "why?". It may be to create FOMO or prevent you from doing research.

    How To Protect Yourself from Loss

    https://i.imgur.com/E2F0Dvx.png

    If you lose your private key or password, it is gone forever. Don't lose it.

    • Make a backup of your private key and password. Do NOT just store it on your computer. Print it out on a piece of paper or save it to a USB drive.
    • Store this paper or USB drive in a different physical location. A backup is not useful if it is destroyed by a fire or flood along with your laptop.
    • Do not store your private key in Dropbox, Google Drive, or other cloud storage. If that account is compromised, your funds will be stolen.
    • If you have more than 1-week's worth of pay worth of cryptocurrency, get a hardware wallet. No excuses. It's worth it. I promise.

    More Security Tips!

    Onwards!

    https://i.imgur.com/H9koomb.png

    submitted by /u/insomniasexx
    [link] [comments]

    The Ethereum-blockchain size will not exceed 1TB anytime soon.

    Posted: 29 Nov 2017 03:08 AM PST

    Thank you Vitalik - you've changed my life.

    Posted: 29 Nov 2017 05:38 PM PST

    Not sure if these kinds of posts are allowed here but just wanted to post this somewhere that Vitalik might see.

    I found out about Ethereum a couple of years ago and after reading as much as I could about it I sold all my bitcoin for ETH.

    As a result I've just paid off my mortgage, all of my debts and quit my job as of today.

    I'm going to be able to spend more time with my family and pursuing projects that interest me rather than slaving for a faceless corporation and this is all thanks to the hard work and efforts put in by Vitalik and the rest of the core dev team.

    If you are ever in Northern Japan then let me know. There will always be a place at my table for you.

    Thank you so much for what you have done for me and what you are doing for everyone. I'm so excited for the future of Ethereum.

    submitted by /u/japonica-rustica
    [link] [comments]

    ConsenSys opens an Academy!

    Posted: 29 Nov 2017 12:04 PM PST

    The difference between Bitcoin and Ethereum

    Posted: 29 Nov 2017 02:29 PM PST

    ERC 780: Ethereum Claim Registry

    Posted: 29 Nov 2017 09:21 AM PST

    I'm starting Ethereum/Blockchain society at my university!

    Posted: 29 Nov 2017 04:00 PM PST

    I have realized that there is a big educational gap when it comes down to blockchain technology which has a big potential and I simply want to raise awareness and create an educational group, where people can have an open discussion!

    I would appreciate any advice or comments!

    submitted by /u/everyoneisano
    [link] [comments]

    Introducing 0x Connect

    Posted: 29 Nov 2017 03:04 PM PST

    The Ethfinex Hybrid Exchange Model

    Posted: 29 Nov 2017 09:29 AM PST

    Gems: We're Sponsoring $100k Worth of Micro Tasks - r/Ethereum - who should we partner with?

    Posted: 29 Nov 2017 09:30 AM PST

    Video from the Aragon/Streamr Helsinki meetup is here – and we’re hiring! (xpost r/Streamr)

    Posted: 29 Nov 2017 09:40 AM PST

    Anyone know of any good powerpoints out there that explain the fundamentals and structure of Ethereum? Also, a nice addition would be Ethereums benefits and potential to impact society.

    Posted: 29 Nov 2017 06:09 PM PST

    Indorse (Decentralized Professional Network) MVP is now live! Give it a try!

    Posted: 29 Nov 2017 09:44 AM PST

    Best way to store ether (coinbase/myetherwallet/metamask)

    Posted: 29 Nov 2017 08:12 AM PST

    after the notification on Myetherwallet I'm wondering what the best and most convenient way to store coins. Do I let them sit in Coinbase/ Meta Mask where I bought them or should I transfer them to a paper wallet from Myehterwallet and pray to the seven gods I don't lose the paper key and back up usb key?

    submitted by /u/kramerjames
    [link] [comments]

    WATCH: Live Trading a Strategy With Enigma Catalyst.

    Posted: 29 Nov 2017 08:23 AM PST

    Looking for multisig wallet source code?

    Posted: 29 Nov 2017 11:39 AM PST

    Found several multisig wallet source codes but I can't deploy them in ethereum wallet because they can't be compiled. Either they use an old version of solidity or I get the error "No visibility specified."

    https://raw.githubusercontent.com/ethereum/dapp-bin/master/wallet/wallet.sol

    https://github.com/gnosis/MultiSigWallet/blob/master/contracts/MultiSigWallet.sol

    EDIT:

    Needless to say I also can't use Parity's multisig as it was hacked

    https://etherscan.io/address/0x863df6bfa4469f3ead0be8f9f2aae51c91a907b4#code

    submitted by /u/johnturtle
    [link] [comments]

    Keep raising the hype on Cryptocurrencies and spread the wealth!!! We've been asking for mass adoption forever and now is our chance with all of the hype surrounding Bitcoin and the Crypto world!

    Posted: 29 Nov 2017 10:13 AM PST

    I've had numerous friends ask me about Bitcoin within the last few days and every single one I offered to help set them up on Coinbase. By the end of today I will have helped 5 people get into the crypto world while also spreading awareness to Ethereum and other blockchains/coins. This is what we need to do to create mass adoption of the blockchain movement.

    submitted by /u/griz33
    [link] [comments]

    Bob Summerwill - Conflict of Interests Statement

    Posted: 29 Nov 2017 02:32 PM PST

    How is Bittrex doing?

    Posted: 29 Nov 2017 05:54 AM PST

    I remembered I still had a small amount of ETH sitting around on Bittrex. I just tried to withdraw that and suddenly got confronted with a supposed withdraw limit. I did basic verification which somehow didn't work.

    Can anyone else still withdraw from Bittrex? Did anyone successfully withdraw from there recently? Various people seem to have had similar problems in the Bittrex subreddit.

    submitted by /u/VoDoka
    [link] [comments]

    Fucked up

    Posted: 29 Nov 2017 03:30 PM PST

    So I accidently sent some eth to the wrong address from coinbase just learned not to try multitasking when sending eth, I had copied and pasted the address from what I thought was my wallet on my ether wallet but it wasn't however the wallet I sent it to had no transactions before I sent the eth to it is there any way I can try to get my funds back or do I have to kiss £500 goodbye.

    submitted by /u/Olibaba1987
    [link] [comments]

    [Meetup] Building apps on top of 0x, Raiden and Gnosis + Build your own Block explorer Dec 4th, Rotterdam, The Netherlands

    Posted: 29 Nov 2017 01:25 AM PST

    TOP youtuber Philip Defranco Covers BITCOIN/ETHEREUM in his daily video.

    Posted: 29 Nov 2017 04:57 PM PST

    Some guy told me that ehtereum mining will be stopped in the next year or something, is it true?

    Posted: 29 Nov 2017 02:28 AM PST

    he told me that ethereum mining will stop in the next year, is it true?

    he said something about fork or something

    i was planning to get some rx480 but now im confused, what should i do? the electricity cost is low here (0.05$ kwh)

    submitted by /u/omidelf
    [link] [comments]
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