Let me add more details here.

Bitshareshome(www.bts-hk) have Chinese version only now, so non-Chinese memebers are not familiar with our site. However, to Chinese community, we are the source for almost all the Bitshares related information. If you spend a couple minutes on our site(www.bts.hk), you will know that we did do a lot of work even though you can not read Chinese. Or you could open google, Bing or Baidu.com now, and search for key word "比特股"(Bitshares in Chinese), and you will find we are top 1 in the search result.

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We are focus on Bitshares and open registering for public, the registered users contribute articles and we will review and publish good articles from them.

We have funded for a lot of Bitshares basic learnning course including concept description, wallet user manual, inside market rules, program logic and coding expplaination in wording, pictures and even video. And there are many insights of Bitshares mechanism in our original articles, too.

The translation articles on our sites including console manual, wallet upgrade notice, testnet notice, snapshot notice, whitepapers, newsletters, BM blogs, English media news, important community decision/direction, good forum threads, mumble memo, etc.

In China, a lot of people could not register to Bitsharestalk because they could not read English. They will turn to us for all kinds of problems and questions, and we're providing solutions and anwsers all the way, including download, installation, register, claim to snapshoot or BTS vesting, get missing shares back, sync, backup, compile wallet, etc.

Almost all the Chinese bitshares spreaders are our members. Some of them are community initiators, some of them got started from our site, learnt basic knowledge of the system, join writers team and become important Bitshares spreaders in China.

It's a pity that we have Chinese service only now and you could not magicly read Chinese right now otherwise you will be very surprised and impressed that Bitshareshome did contribute a lot to Bitshares ecosphere.

In one word, pls vote for us. (ID: www.bts-hk)

BM, you really should think about the Merge thing again.
The future of DAC ( including DNS/Vote etc) and BTS might all go to hell becuase your wrong decision.
You will lost Chinese community support in the future except someone who hold a lot of BTS and Agser before 2.28.
Wake up!

It's fine that different people have different view and point. But pls never try to represent for anyone other than yourself... You could no do that unless you get clear authority from the one you representing...

For example, I'm stongly supporting the new proposal (just some details like dilution rate / future third party guidlines / lock-up time need more discussion/refinement in my opinion), and at least I do not see the majority of Chinese community against the new proposal although I could not speak for anyone other than myself.

The overall announcement was very positive.  Overstock is laying the technical requirements for a crypto-system and the work they are doing will pave the way for all of the competitors.   

The fact that they went with counter party means they are dead in the water and will eventually have to migrate to a different foundation.   Why did they go with counter party?

1) They cannot see any other crypto unseating Bitcoin is the digital currency of choice
2) They wanted to securely trade against Bitcoin
3) Their team was available for a buyout. 

Our entire focus of this conference was that Bitcoins real competitor is BitUSD and the fact that BitUSD can be marketed to the masses where as Bitcoin never will be.   By the time Overstock actually releases a crypto-equity BitUSD will have a significant presence in the market.   Traders are going to demand trading against BitUSD and eventually Ovestock will want to list their stock on an exchange that can trade against real currencies.

So this is good for us, they chose a competitor that isn't a threat.   Had the chosen Nxt then I would have been more concerned.   They chose a competitor that will be too SLOW for real trading and too expensive and uncertain.

Their roadmap must include issuing trust-based USD assets on counter party.   Counter party does have "contract for difference" with "price feeds" and thus does provide some hedging options.  It will be interesting.

The BTSX wallet has been built quickly and has not been optimized.  The slowness you see today can be greatly accelerated with a few optimizations to how things are cached on the Javascript side. 

I am relieved that we can focus on BitUSD because it is clear that Overstock is now committed very strongly to Counter Party at this point.   This is a "war" and this battle just shows that most people do not yet get BitUSD... but they will soon enough.

your comments do make sense to me. just one question, in this news, it's said os is hiring counterparty coders to develop their own stock market, no clear statement about it will be based on counterparty or not. actually, if os said os want to issue their own stock on blockchain than it looks like they're going to do it on the counterparty, but they're talking about delevop/own a new stock market/exchange.. really confusing.

I just put more thoughts about to transfer PTS into BTSX system. I believe the best way to do that is BTSX core devleopment team to upgrade BTSX code.

1. Use certain time PTS blockchain snapshot information as "genius block" informatiom for generating PTS in BTSX system.

2. Remove "BitPTS" in BTSX system since it's worthless in this scenario

3. Set "PTS" as an BTSX asset, not BitAssets, more similar to user defined asset except for the initial generating method

4. Upgrade BTSX version(enforced).

5. PTS owners (at snapshot time) to claim their PTS in BTSX system w/ current PTS private keys after the BTSX version upgraded completed.

6. PTS runs in BTSX system.

Of course, meanwhile the public communication is also very important to make sure i.g. centerilzed exchanges also honor current PTS owners w/ this new PTS since they could get the new PTS w/ current PTS private keys anyway.

I would also restrict the currency for betting to BitUSD on your network.... this will drive demand for BitUSD

the BitUSD you mentioned here is from btsx or from jds? according to the discussion on music related threat, i believe u mean from jds. but if so, it will not drive the demand for btsx's BitUSD, correct?

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Having BitAssets on different blockchains and using atomic cross-chain trading is the brilliant solution to blockchain scalability. The alternative is to have everything on a single blockchain (Ethereum style) and burden everyone with validation costs for every single DAC idea people come up with. That just doesn't scale well. While trading BitAssets does not allow for communicating other types of useful information between independent blockchains, it does allow communicating value transfer, which I would say is the most important information for DACs.

@arhag, thanks for response and a lot of thoughts. I agree that keep everything on a single blockain is a BAD idea too. So what I'm recommonding is a kind of middle way. Every different core function is on different blockchain(Music, DNS, Play, etc.). But the volatility free currency is from BTSX as source but could be traded between different blockchains. For example, you may have account on both of Music and BTSX, you could top up your Music account with BitUSD by freezing your BTSX account with equal amount BitUSD, and the you could do it in reverse by destroying BitUSD on Music and release equal amount BitUSD on BTSX. It will require additional confirmation time and common Delegates but I think the cross chains trading between Music and BTSX with Music's BitUSD and BTSX's BitUSD will require these conditions too.

There is still a strong network effect promoting people to keep most of their money in one chain (BitShares X). Cross-chain trading is inconvenient. People want to be able to have the money ready to go if they need to spend it for some good/service. So keeping most BitUSD (and other BitAssets) on BitShares X means that a consumer can easily pay a merchant for a good/service, and that merchant can later use that money to pay their workers and other expenses. If everyone is on the same chain, people do not need to bother with cross-chain trading which may cost them some small fees to carry out the trade. My guess is that BitShares X will keep the BitAssets meant for spending on "real world" goods/services, while BitAssets on other DACs will be kept only to pay for that DAC's "digital" services. This way DACs would all accept the BitAssets on their own blockchain for payment of services (they have to), but everyone else in the real world would still accept the BitShares X BitAssets for payment (so there shouldn't be any confusion).

Again, we need to establish strong network effect for BTSX BitUSD first. There is no "real world" acceptance for BitUSD now and would not be easy to see it in near future. We should all focus on making it happen instead of making something to hinder it..