BitShares Noob NotessteemCreated with Sketch.

in bitshares •  last year

I'm getting tons of inquiries from last night on Coast to Coast AM wanting to know more. Many of these folks have never even heard of Bitcoin!

So, I've been compiling a letter to send back to then. What did I leave out?


DISCLAIMER: Author is NOT a United States Securities Dealer or Broker or U.S. Investment Adviser. Sender is a consultant and makes no warranties or representations as to the buyer, seller or transaction. All due diligence is the responsibility of the reader. This post and the referenced related documents are never to be considered a solicitation for any purpose in any form or content. Upon viewing of this document, the Recipient hereby acknowledges this disclaimer. These documents are not from any banking or other Institution. We do not provide securities or securities-related advice. No information herein shall be construed as a solicitation of investment funds or a securities offering in any way.

Thanks for asking about BitShares.
There’s a lot to learn.

The short answer to how to get started is to visit where we are currently building a game-based course on how to dip your toe in the water gently. You can sign up there for our mailing list and watch as we develop the game and training week by week.

Shall We Play a Game?

There are also several indirect ways to get started. Here are a few:

  • Sign up on, earn some steem by doing some posts, then use blocktrades to turn steem into bts and send to your light wallet.
  • Visit, get a few freeros (play money) just for signing up, and experiment with that.
  • Play the game and learn about ways to earn cash playing third party games that will be giving away millions.

Be sure to study this closely:
Rough Guide to Wallet Management

  • choose the cloud wallet since you are new
  • make sure to backup your password in several places
  • and log in and out to be sure your password works
  • its also always advisable to send small test amounts first

To be fully informed, you’ve got to do a little digging on your own and teach yourself.
Here are some links you might find useful.

When the Levee Breaks

BitShares Foundation Links


This is what you need to learn to do. The materials below will give you the details.

  • Download a Bitcoin wallet and create a Bitcoin receiving address.
  • Download a BitShares wallet and create a BitShares account and name it.
  • Buy bitcoins from somewhere and send them to your bitcoin wallet’s receiving address.
  • Use your bitcoins to buy BitShares and send them to your BitShares wallet account name
  • Keep track of your passwords - no one can reset them for you and you will lose your money if you lose them!

A very useful exchange in London is You'll need to register your ID to get an account there but then you can wire money to/from your account and use it to trade Bitcoin and a few other coins. Send you bitcoins back to your bitcoin wallet or directly through converting to BitShares and depositing them in your BitShares wallet account.

A very simple specific way doesn't even need you to have a bitcoin wallet:

  • Go to Coinbase and buy some Bitcoin (BTC)
  • Go to and create a BitShares Wallet
  • Send Bitcoin from Coinbase to to get BitShares (BTS) sent to your BitShares Wallet.

This last step is built into the BitShares wallet. Just pick the BlockTrades transfer service (or any others) from the drop-down menu below and fill in the form to move your BTC from coinbase while converting them to BTS in one swell foop!

See? Easy! The rest is merely an exercise for the student...


What is Cryptocurrency? - High Quality Interviews


Heidi Travels on BitShares

Heidi Travels on Open Ledger

Rough Guide to Trading on BitShares?

What are Market Pegged Assets (Smartcoins)?


Be sure to study this closely:
Rough Guide to Wallet Management

User Guide - Light Wallet vs. Web Wallet

Bitcoin Wallet Guide Article

BitShares Desktop Wallet Guide

BitShares Wallet

Light Wallet or Web Wallet?

Bitcoin Wallet
I use the original “bitcoin core”, but there are many to choose from

Carbon Wallet

Stan Larimer’s Blog - hundreds of articles on what’s going on

Bytemaster’s Blog - Oldies but Goodies from Dan Larimer

Daniel Larimer Bitcoin and Beyond Keynote Las Vegas Speech 2014

Dan Larimer’s Latest Project - EOS

Connie-Willis at - TONS of Interviews with Stan

Giselle Koy - High Quality Production Interview of Stan

JD Hayworth - Newsmax TV

The Video
By far the best resource for new people is our “TED Talk” in front of a live studio audience in Hollywood.
Everyone loves it for some reason. There is no better way to know all about us in one sitting.


Global Independence Day

Shall We Play a Game?

Explaining the Billion Hero Campaign for Dummies

The Billion Hero Campaign

Big Heroic Audacious Projects (BHAPs)

The Million-to-Billion Club

The Marketing Campaign Behind the Billion Hero Campaign

Gameifying the Billion Hero Campaign

The Hero from BitShares Island

The Fourth Guy Fawkes Day in BitShares History

Engineering Trust with Charles Hoskinson

Using BitShares to Underwrite Risky Asset Backed Currencies


Adsactly's Series

Why BitSpark Switched from Bitcoin to BitShares

Crypto Learning Academy


This is where all the experts hang out.
They love to help people.
► BitShares on Telegram:
► BitSharestalk Forum:

openledger is a 3rd party company offering services on BitShares Blockchain.
Contact them for support requests:


Stan Larimer, President
The Godfather of BitShares

About the Author -- Stan Larimer

Follow Me On Steemit - The Social Media Platform That Pays
Please Connect To Me On Linkedin!

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This post is a HUGE wealth for the "Noobies", this is GREAT! Thanks for sharing it and, BTW, congratulations on a fantastic 2 hour session earlier, that is already causing ripples... Upvoted, resteemed and shared!

All for one and one for all! Namaste :)

For many of us the whole crypto world ia a massive learning curve, even if we have heard of bitcoin.

Thanks for posting the steps. VERY helpful for others to follow.

I'm part way along the learning curve.
I set up the wallet, but I don't want to sign with an exchange (privacy reasons ATM). But I would like to test my wallet.
I think I have it sorted and the "receive tab in "Electrum" shows


Is this what I need to give to other people, so they can send me coins?

How do I test it?


That is the address people would use to send you some bitcoin, yes.
You can check if they have sent it to you at

· is the decentralized exchange, an exchange which does not ask for documentation for sign up. ;)


Thank you I will have a look.


Yes, that would be a BTC address for your wallet. Alt coins each require their own wallet and they have their own special addresses like Bitcoin.


Thank you for your help.


No need to test, it's been tested for years now. ;) Go to a coffee shop, ask if anyone would be willing to sell you $5 in btc for cash. Set a low fee and wait a day for it to show up. ;) Bitcoin is really bad for transferring low amounts of value these days.


Ok I just wanted to be sure I have everything set up OK.


I Would Invest In a Decent Anti-Virus/Malware Program

before investing in BitCoin. It's easier to steal bitcoin from an unprotected computer than dollars from your wallet.


Thank you for that wonderful interview with Connie. I had no idea bitshares existed until i heard that C2C Broadcast. Now i am all in!


I have never seen so much info in ONE POST!

WoW thanks!

Holy cow!!

This is awesome Mr. L!!!

It is like a BTS and crypto 101 bible, dare I say, as a believer LOL.

I am going to leave this up to read tomorrow, it is super late for me!

Amazing work and traction you have been getting online lately, I sent some of your latest stuff I posted on, to Bob the Statist and he was even impressed, that really spoke to me.

I may have mentioned that in a reply to you 2 weeks ago LOL.

Say hi to Dan for me!!!

Listened to coast to coast last night and the show was amazing! Connie's excitement about this space was evident in her voice. I had no idea what bitshares was either until I listened to the show.

This is awesome. Mass adoption is only a matter of time. Crypto is going to explode in 2018. Check out the launch. It's an Australian start-up that is going to go viral. They are doing everything right, including rewarding hodlers, with a hodlers' club...

excelent show ,sir

Thanks for the great post, Stan. Very interesting information that I'm sure everyone will enjoy reading. I remain skeptical about many ICO crypto currencies, but you certainly have my attention on bitshares as something we should all study in more detail.

Hey Brother, I had a question for you, but it is more of a private matter. Are you on or discord perhaps?

AWESOME show last night Stan. We listen every night. keep up the great work .... follow @lurehound

great job sir @stan. thank for informations and updating about Bitshares and Bitcoins. "Bilion Hero Compaign" .appreciated your efforts for community.

Bitshares needs a simpler way to start.
Having to buy bitcoins first to get Bitshares is a problem.
Direct fiat to Bitshares gateway is needed.


Fiat gateway provided by CCEDK through Openledger


Thanks for the info. I checked and to use it one has to give them way too much private info.

@ghostknight @wander.woman @lukejmorrison This is a great post to show anyone that is interested in steemit. Don't forget to use all the different "condensers" Thanks for this post! @sam this caught my eye as I have called in a spoken to george a couple of times and I would love to get him on here! Thanks for catching my attention. Love George and Coast to Coast. EvE

Wonderful list! This is great.

there has to be a way to get like 0.5 BTS for free, so people could actually send bitcoin to bitshares and trade for BTS on the dex. that would make a much better impact in my opinion.

maybe add some of those video paywalls or something, where the user has to watch 2-3 videos and then gets enough BTS to cover the trading fee BTC > BTS on the dex?


earncrypto is working with for example. that could be used


Good ideas.


What if each new wallet came with 1 BTS included.


can be exploited

brilliant guide for newbies @stan

hope you're well!!


Possibly the most information rich post I have encountered, not just on Steemit, but ever.


Nice video getting their with the info. Might join soon!

I am following

Wow! What a huge wealth of information! It's going to take me a while to mentally process this post!

@stan Here's the link to the BitShares Quick Reference Guide.

You can find just about everything you need to help get started with BitShares.

I also included a link to this very article.

Highly rEsteemed!
Incredible work @stan. Thank you for posting.
Definitely will go back to listen to the interview now.
You might be responsible for sending BTC past 9K recently.
Perhaps something similar is in store for BTS now.