BitShares Forum

Main => General Discussion => Topic started by: Stan on August 29, 2014, 07:00:26 pm

Title: * GENERAL WARNING *
Post by: Stan on August 29, 2014, 07:00:26 pm
The Thrill of Victory and the Agony of Defeat!

(http://blu.stb.s-msn.com/i/BB/DA27309BC9208060BBDCF1C41E6334.jpg)
A famous line from the old ABC Wide World of Sports intro:
http://www.youtube.com/watch?v=P2AZH4FeGsc (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.

You did read that didn't you?
 :)
https://bitsharestalk.org/index.php?topic=6277.msg83830#msg83830 (https://bitsharestalk.org/index.php?topic=6277.msg83830#msg83830)

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.

 :)
Title: Re: * GENERAL WARNING *
Post by: bitcoinba on August 29, 2014, 07:12:50 pm
Well said.  +5%
Title: Re: * GENERAL WARNING *
Post by: robrigo on August 29, 2014, 07:14:06 pm
Where do you think the blood on the bleeding edge comes from?! Agreed, well put.
Title: Re: * GENERAL WARNING *
Post by: TurkeyLeg on August 29, 2014, 07:19:10 pm
 +5% Have patience fellow pioneers!
Title: Re: * GENERAL WARNING *
Post by: cgafeng on August 29, 2014, 11:47:22 pm
Don't climb any higher than you are prepared to fall. +5%
Title: Re: * GENERAL WARNING *
Post by: Empirical1 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


Title: Re: * GENERAL WARNING *
Post by: GaltReport on August 30, 2014, 12:20:02 am
Love the picture BTW. I love my MMA!!  Only Sport I follow actually.
Title: Re: * GENERAL WARNING *
Post by: Stan 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

(http://www.manvsbrain.com/wp-content/uploads/2014/03/Vm__c1NDY-.jpg)
Title: Re: * GENERAL WARNING *
Post by: bitcoinerS on August 30, 2014, 01:21:42 am
I am taking advantage of price fall to buy me some more BTSX  8)
Title: Re: * GENERAL WARNING *
Post by: TurkeyLeg 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  ;)
Title: Re: * GENERAL WARNING *
Post by: jwiz168 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)
Title: Re: * GENERAL WARNING *
Post by: xeroc on August 30, 2014, 08:51:23 am
Don't climb any higher than you are prepared to fall. +5%
+5%
Title: Re: * GENERAL WARNING *
Post by: cass on August 30, 2014, 09:03:18 am
Thank you Stan, well said  +5%
Title: Re: * GENERAL WARNING *
Post by: Bourbon44 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.
Title: Re: * GENERAL WARNING *
Post by: Riverhead 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.

Title: Re: * GENERAL WARNING *
Post by: Bourbon44 on August 30, 2014, 10:09:13 am
Thank you.

Would it be possible to have this bit of information broadcast so its more accessible?
Title: Re: * GENERAL WARNING *
Post by: networker on October 25, 2014, 05:50:33 am
stand的口才是好, 是忽悠人的高手, BM是你的儿子, 你们父子串通一气, 可以理解!
Title: Re: * GENERAL WARNING *
Post by: xeroc on October 25, 2014, 11:17:47 am
Thank you.

Would it be possible to have this bit of information broadcast so its more accessible?
not sure what networkers said above .. but there will be an article released next week that gives an overview of the merger and everything .. stay put
Title: Re: * GENERAL WARNING *
Post by: BTS007 on October 25, 2014, 12:36:26 pm
You are right! +5%
Title: Re: * GENERAL WARNING *
Post by: anycoin on December 08, 2014, 04:31:21 am
Heard and understood.....of course I understood when I signed up......
Title: Re: * GENERAL WARNING *
Post by: BunkerChainLabs-DataSecurityNode on January 06, 2015, 08:22:23 pm
Had to be said I suppose. Some nutty bunnies out there.  +5%