Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: * GENERAL WARNING *  (Read 6914 times)

0 Members and 1 Guest are viewing this topic.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2864
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
* GENERAL WARNING *
« on: August 29, 2014, 07:00:26 PM »

The Thrill of Victory and the Agony of Defeat!

A famous line from the old ABC Wide World of Sports intro:
http://www.youtube.com/watch?v=P2AZH4FeGsc

The risks and rewards of BitShares are yours to keep!

We appreciate the good will and patience of all those who joined us on the ground floor of BitShares last year.
(Those without good will and patience didn't stay long.)

With all the attention we have been getting lately, there are a lot more getting in on what is now the second floor.
(This is still a very good place to get on when the top of the skyscraper under construction reaches beyond the clouds.)

Many understand that they are joining a Great Experiment.
And they are prepared to accept the certain risks that come with the potential rewards.

Others come expecting easy rewards where somebody else does the work and takes the risks for them.
Those things never go together.

So this *GENERAL WARNING* is placed here as a caution to all:

BitShares is an industry under development.
You have a chance to participate in that development.

Its products are highly experimental, immature, and full of bugs.
They have been made available so early adopters can help test them.
They are likely to break on you at the worst possible time.
You should not trust them.
You should double check everything they do.
You should experiment with very small amounts before doing anything big.
You should not do anything big.
You should realize that what worked yesterday should be double-checked today.

We could wait until it is perfect before letting you participate.
But by then the rewards you might get would be reduced by as much as the risks.

That's why the disclaimer you accepted before you could first launch the software warned that the software comes with no guarantees to be good for anything at all.


It bluntly disclaims any warranty, and asserts this explicitly:

Quote
4.1. there is a risk of losing digital tokens when using products provided by this Service and that neither BitShares™,
its community of independent developers, nor DSL have any responsibility to you for any such loss;

BitShares is a decentralized community working to build a new ecosystem for all to enjoy.
It is supported by donations and volunteers only.
It has no profits with which to make guarantees.

It has no way to assume your risks.

It cannot guarantee a completely safe playground.
It cannot guarantee you won't skin your knee.
It cannot guarantee any form of safety at all.
Don't climb any higher than you are prepared to fall.

We are all explorers in a brave new frontier.
And exploration is not for the faint of heart.

 :)
« Last Edit: August 30, 2014, 12:39:05 AM by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline bitcoinba

  • Full Member
  • ***
  • Posts: 193
    • View Profile
Re: * GENERAL WARNING *
« Reply #1 on: August 29, 2014, 07:12:50 PM »
Well said.  +5%

Offline robrigo

Re: * GENERAL WARNING *
« Reply #2 on: August 29, 2014, 07:14:06 PM »
Where do you think the blood on the bleeding edge comes from?! Agreed, well put.

TurkeyLeg

  • Guest
Re: * GENERAL WARNING *
« Reply #3 on: August 29, 2014, 07:19:10 PM »
 +5% Have patience fellow pioneers!

Offline cgafeng

Re: * GENERAL WARNING *
« Reply #4 on: August 29, 2014, 11:47:22 PM »
Don't climb any higher than you are prepared to fall. +5%
BTC:1EYwcZ9cYVj6C9LMLafdcjK9wicVMDV376

Offline Empirical1

  • Hero Member
  • *****
  • Posts: 884
    • View Profile
Re: * GENERAL WARNING *
« Reply #5 on: August 30, 2014, 12:12:16 AM »
I kind of suggested BitShares do something like this very clearly before BitAssets launch. https://bitsharestalk.org/index.php?topic=7032.msg93752#msg93752

I think people should do their due diligence but putting a general warning up for people new to BitAssets AFTER it has a major 50% correction is like someone falling off a cliff and putting a general warning about cliffs at the bottom...  :)  https://www.youtube.com/watch?v=gqQ99s4Ywnw


« Last Edit: August 30, 2014, 12:23:46 AM by Empirical1 »

Offline GaltReport

Re: * GENERAL WARNING *
« Reply #6 on: August 30, 2014, 12:20:02 AM »
Love the picture BTW. I love my MMA!!  Only Sport I follow actually.

Offline Stan

  • Hero Member
  • *****
  • Posts: 2864
  • You need to think BIGGER, Pinky...
    • View Profile
    • Cryptonomex
  • BTS: Stan
Re: * GENERAL WARNING *
« Reply #7 on: August 30, 2014, 12:47:44 AM »
I kind of suggested BitShares do something like this very clearly before BitAssets launch. https://bitsharestalk.org/index.php?topic=7032.msg93752#msg93752

I think people should do their due diligence but putting a general warning up for people new to BitAssets AFTER it has a major 50% correction is like someone falling off a cliff and putting a general warning about cliffs at the bottom...  :)  https://www.youtube.com/watch?v=gqQ99s4Ywnw

Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline bitcoinerS

  • Hero Member
  • *****
  • Posts: 592
    • View Profile
Re: * GENERAL WARNING *
« Reply #8 on: August 30, 2014, 01:21:42 AM »
I am taking advantage of price fall to buy me some more BTSX  8)
>>> approve bitcoiners

TurkeyLeg

  • Guest
Re: * GENERAL WARNING *
« Reply #9 on: August 30, 2014, 01:32:03 AM »
I am taking advantage of price fall to buy me some more BTSX  8)

 +5% Me Too  ;)

Offline jwiz168

  • Sr. Member
  • ****
  • Posts: 409
    • View Profile
Re: * GENERAL WARNING *
« Reply #10 on: August 30, 2014, 03:52:58 AM »
a one of kind techological breakthrough  +5%  +5%  +5%  I already  earned from my BitUSD trading.

#goBitShares

 8)

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12324
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: * GENERAL WARNING *
« Reply #11 on: August 30, 2014, 08:51:23 AM »
Don't climb any higher than you are prepared to fall. +5%
+5%
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline cass

  • Hero Member
  • *****
  • Posts: 4329
  • /(┬.┬)\
    • View Profile
Re: * GENERAL WARNING *
« Reply #12 on: August 30, 2014, 09:03:18 AM »
Thank you Stan, well said  +5%
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline Bourbon44

  • Newbie
  • *
  • Posts: 7
    • View Profile
Re: * GENERAL WARNING *
« Reply #13 on: August 30, 2014, 09:29:52 AM »
Bold words.  I hope you halted trades so those out there that have open short positions don't completely fucked.being that they can't access their funds even though others can.

If you ever want to get taken like a legitimate financial entity you need to do much better than a well spoken shrug of the shoulders.

Offline Riverhead

Re: * GENERAL WARNING *
« Reply #14 on: August 30, 2014, 09:38:24 AM »
Bold words.  I hope you halted trades so those out there that have open short positions don't completely fucked.being that they can't access their funds even though others can.

If you ever want to get taken like a legitimate financial entity you need to do much better than a well spoken shrug of the shoulders.


Bytemaster removed his depth (effectively pausing trading) while bugs and other market issues are being addressed by the dev team. Bytemaster offered to fund short cancellations for anyone with an open short pre-pause.


https://bitsharestalk.org/index.php?topic=7965.msg105010#msg105010


One of the weaknesses of a forum is that statements like the above linked can get buried quickly. This forum is huge and very active. Very hard to read all the posts. However I often go to Bytemaster's profile page and click "Show Posts". Anything happening of gravity will be posted or commented on by him.


 

Google+