Ethereum Price

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How do I get Ethereum?
There are two methods to get ethereum, the first method is to buy it online from a ethereum exchange. The second method is to try and mine for ethereum yourself.

How do I store my ethereum?
Ethereum can be stored by yourself vs online on other ethereum providers. There have been many prominent hacks of online ethereum providers before and it is not easy to choose between whether to trust a third party vs yourself. If you store it by yourself, you can do so via a USB drive etc.

What happens if I lose my ethereum password?
You are out of luck if you lose your ethereum password. The lack of a central authority makes it impossible for you to get access to your ethereum again unless you have your password.

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Ethereum was meant to be used as a way to enforce contracts in a low cost and efficient manner. For example, ethereum can be used to replace the function of Kickstarter, as each individual can pledge their ethereum. This ethereum is held and not given to the project owner until the target is met. Hence, the 10% which is given to Kickstarter is saved and the transaction costs involved in pledging for a new product becomes a lot lower using ethereum vs the traditional method.