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Offline cn-members

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2014.10.30 Thur.-Bitshares Daily Briefings (Global Version)---How are you ?

Editor's note:
     It's kinda depressed today , for many people , because the price of BTSX dropped rapidly in the last 24 hours . We can't tell you to suck it up , because the sky seemed so grey today , we couldn't see a light even if we tried to .
     But , hey , let's be honest , do you guys really think making money was that easy ? Many early Bitcoiner lost tons of money even when they bought in Bitcoin at just 1 USD and sold it at 0.7 USD . There always will be bad decision , no matter whether you want to buy or sell it .
     It's the unknown that terrifies us , but it's also the unknown that allows you to have magnificent imaginations . Do not put in money more than you can afford to lose , no matter it's for cryptos , stocks , education or even gold .


What's new today ?
 
Bytemaster redefined Bitshares and DAC
   Bytemaster stated that the company metaphor for Bitshares really helped promoting in the past , but now it's become a blockage on our way forward . He redefined Bitshares as “BitShares is ultimately a community of people who imbue BTS with perceived value and use BTS as a medium of exchange and unit of account to recognize those who are contributing to the community.  ”So , the concept of DAC becomes "Decentralized Autonomous Community"
Post 1 :  https://bitsharestalk.org/index.php?topic=10767.msg141736#msg141736
Post 2 :  https://bitsharestalk.org/index.php?topic=10747.msg141740#msg141740

Developer of Bitshares Play will do Mumble hangouts on Saturdays
      HackFisher , the developer of Bitshares Play , finally convinced by fuzzy , decided to schedule hangouts on Mumble bi-weekly.The timing would be Saturday at 10 AM EST (Bejing time would be Saturday at 10 PM).The first time of these hangouts would be on 2014-11-1 .
https://bitsharestalk.org/index.php?topic=10670.0

Inaugural Issue seems to be a success
     We were amazed by how many members showed their support for our Inaugural Issue yesterday , both from the Chinese and the English speaking people . Some of them even offered to help out with the content of this daily briefing , including a lovely lady ---- Yeah , that's right , dudes , be civil , there are ladies on the forum . As for who this lady is ? Well , I'm not at liberty to discuss . But we would definitely use any help we can get in the long run .

More introduction into the Chinese community
    Well , last time we showed how the slogan "BTS is good , 500 USD each coin properly properly " evolved in the Bitshares Chinese community . Today , we would like to introduce the "milk group" culture to you .  Milk group , an QQ group hosted by BTC38.com exchange originally , it was supposed to discuss PTS and BTS . But when the BTS wallet delayed 6 month ago , the group suddenly lost purpose . They didn't know what to discuss daily anymore . Luckily , some people stepped up , new order was found . The administrator posted pictures of beautiful girls on a daily basis to inspired the members of the group never lost hope , there always will be beauty waiting for you. So , a new theory emerged , and that is "the young model theory" , it states that if you hold 1 BTSX that you can have three young models someday . ----A joke , of course , just to entertain the young generation in the Bitshares community .



Why is the price dropping ?
    The price is driving people nuts . People are speculating the reason , but I don't think you can find an answer . American FED quit QE ? Nah , way too easy for an excuse . keep in mind , this is cryptos we're talking about . You can't use reason to explain everything . The price dropped 3X , just like the price rised 6X before . There always will be good news and bad news , no matter what happened , the market always finds a reason to drive the price up and down rapidly . It's the nature of the market . No matter what the price is , there always will be someone profiting and someone losing .
    The other reason for this rapid change on price is that the value of this system is majorly coming from the whales and the big buyers , people who put 10K , 100K , even 1 million + USD into the market . These people contribute to the rapid growth in market cap , but when they leave , they tend to leave with a large amount of money as well . So , too much dependence on the big whales is what got us into this mess in the first place.



Adoption from small people will be good for Bitshares
 We have to attract more small people , small business into the Bitshares ecosystem , they might not have much money as the big whales , but they would make up in numbers . 10000 people providing 100 USD each would result in 1 million USD in total , and those money woud be more stable for the market than 1 million USD just from a single whale .  That's what the marketing direction should be if we want a stable growth , less big whales , more ordinary people . Otherwise , one sell order from a big whale would take away major value from the ecosystem , it limits the potential to grow in the long run .
   

BTC38 issued their annoucement on 11.5 snapshot
English BTC38 annoucement :  https://bitsharestalk.org/index.php?topic=10756.0
中文版时代公告:https://bitsharestalk.org/index.php?topic=10757.0

----------------------------------------------------
The Chinese version of this daily briefings is here :https://bitsharestalk.org/index.php?topic=10776.msg141852#msg141852
« Last Edit: October 30, 2014, 06:38:43 PM by cn-members »
BTS中文区发言人公共账号,帮助社区有效沟通与交流。
Chinese Community Spokesman Account,to help the effective communication between Chinese and other members of the community.We're not translators to do regular translations , but will help with vital ones as we see fit and available at that time.

Offline xeroc

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great introduction ... awesome work .. again
+5%

Mind if we copy this over to reddit r/bitshares?
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline spartako

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I love these posts! +5%
wallet_account_set_approval spartako

Offline vegolino

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I truly enjoy reading these posts
Thank you  +5%

Offline Empirical1.1

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I love these posts! +5%

 +5%

Like the images, funny :)


Offline Ander

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Thank you so much for these posts, love everything about them! :)

If only the whales would stop dumping Bitshares.
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Offline cass

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 +5% thx for making me smile  :P
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline stuartcharles

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This is great, please keep it up.

Offline cn-members

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great introduction ... awesome work .. again
+5%

Mind if we copy this over to reddit r/bitshares?

go ahead   :P
BTS中文区发言人公共账号,帮助社区有效沟通与交流。
Chinese Community Spokesman Account,to help the effective communication between Chinese and other members of the community.We're not translators to do regular translations , but will help with vital ones as we see fit and available at that time.

Offline xeroc

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Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Gentso1

another nice post, great job

Offline marbles

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I think you are doing a great job imparting a sense of community; It may be our individual investments on the line, but there are a lot of other people in the same boat with us. If we all pull together and keep a sense of good humor, then we have a much better chance of making it to that distant shore.

I'll look forward to reading your update every day. Your humorous anecdotes about your Chinese community are very entertaining, and somehow comforting.

Offline Thom

Most excellent, great work!

Keep it coming!

 +5%
Injustice anywhere is a threat to justice everywhere - MLK |  Verbaltech2 Witness Reports: https://bitsharestalk.org/index.php/topic,23902.0.html

Offline oco101

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I think you are doing a great job imparting a sense of community; It may be our individual investments on the line, but there are a lot of other people in the same boat with us. If we all pull together and keep a sense of good humor, then we have a much better chance of making it to that distant shore.

I'll look forward to reading your update every day. Your humorous anecdotes about your Chinese community are very entertaining, and somehow comforting.

Fully agree. Great job +1. reading that it feels more like a community united then two separate worlds!!

Offline clayop

Everyday I look forward to reading your post! Thanks!  +5%
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