Author Topic: * GENERAL WARNING *  (Read 11405 times)

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Offline Empirical1

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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 cgafeng

Don't climb any higher than you are prepared to fall. +5%
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 +5% Have patience fellow pioneers!

Offline robrigo

Where do you think the blood on the bleeding edge comes from?! Agreed, well put.

Offline bitcoinba

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Offline Stan

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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.