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#msg141740Developer 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=10670.0Inaugural 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
The Chinese version of this daily briefings is here :https://bitsharestalk.org/index.php?topic=10776.msg141852#msg141852