Well part of the reason I posted the above link and also why I appreciate the link the from oco101 is that I'm not thinking about leapfrogging bitcoin. To be honest, bitcoin is so small it is hardly worth mentioning and far from invincible as well. What does concern me is the current financial system going completely nuts and having lost all contact with reality.

How do you compete with magic acts and untenable financial hocus pocus acts in the short term? Bitshares does not have the luxury of limitless nearly interest free loans, like these banks seem to have. Also when talking about network effect, is nobody realizing that the banks are so far ahead in that respect you'd need eye-prosthetics to even be able to discern crypto?

The real competitors I'm worried about are not other cryptos, unless it is infected by one of these powerful diseased structures. I don't mind people deluding themselves in seeing something in the mumbo jumbo market trading pattern voodoo or people believing gambling/speculating is a viable alternative for an actual economy of production, what I do mind is when these nut-jobs start controlling and effecting other peoples lives. My hope is that either bitshares or any other crypto-project for that matter is a tool to cut away these monstrous cancers from our society or create a completely separate alternative. I might be overly pessimistic but I'm afraid the tumors are now out of control and taken over all our defensive mechanisms, I think it might be better to give up on this patient than waste time trying to save it. (Translate to, it might be better to not expect anything from our current financial system and just go a completely separate way).

Or if you live in a country where the government has decided how much interest they think you should have been receiving and taxes you on that, instead of taxing the actual interest you receive. So you end up paying twice as much in tax as you actually received in interest, add some inflation to that plus the idea that you already payed tax several times for the little amount you were able to save and you feel real happy.

But if you want to complain you can only do so via Twitter, because taxes are hip that way, saves them paper when they tell you to F... off and vote for it in the next election.

Negative interest rates on saving accounts are now a fact. (couldn't figure out how to post a google translate link)

So the competition is doing -#%. Now if only there was an alternative that might even offer a little interest on savings. Where O Where art thou?

Btw if you want my opinion on the idea of negative interest rates on my savings, that would be something like:

Oh HELL NO you 
And you may quote me on that.

Hmm I like my apple-juice, undiluted, I also prefer them not being second hand.

But, the idea of having many more apples to make as much juice as you want is really intriguing, so I will vote for the dilution of the number of apples. That way I can burn the one I have now and still be sure that I can get more of them.

But because of all the cider I consumed I have started seeing things so I vote for my delusions.

Yes Hackfisher showed up at 10 EST and wanted to start already, but he was okay doing it an hour later.

So  for now 11 EST seems to be ok, but showing up a little early to setup the mic and sounds is advisable.

It should be clear that BTSX will re-branded to BTS and all other's will be merged...
I hope nobody thinks BTS will be something independent from BTSX...

PS why is BTSX tanking so hard? Did I miss something? Or have the majority misinterpret what's going on?

I think it is tanking because more btsx traders read btc38 announcements than they read forums. So this is the delayed reaction of the panic this forum saw when they got the announcement for the first time.

Quote from: jae208 on October 29, 2014, 06:07:22 am

Quote from: gamey on October 29, 2014, 06:03:53 am

Quote from: jae208 on October 29, 2014, 05:38:41 am

On a side note it is probably what separates Apple vs Android users. Apple users perhaps are driven by feelings more so than Android users. Android users are driven more by features, specs, hardware. Driven more by logic than emotions.

I've had random Apple fanboys start getting all worked up when I talk about my new android phone... like they are unnaturally threatened.  Quite funny really.

It is those emotions haha
Never understood the cult like following of Apple. This probably explains actual cults and many religion. Regardless of how illogical it may actually be they exist because of the emotions people experience.

Yep, we need our own tribe so we can tap into that part of the brain.  It is a very powerful thing.  Call it a religion/cult, whatever IMO it is all tribalism.  So how do you get people to love it ?   Is it by suggesting a level of scarcity and exclusivity?

As much as it pains me to admit it, but I'm estimating the majority of what I learned when I was at the Royal Military Acadamy was about tapping into this tribal aspect of humans. And yes it is a very powerful mechanic, because nobody there was in it for the money.

I'm hesitant to share what I was taught there, not just because of me being uncomfortable with the idea, but also because even in the army it was a double edged sword and very hard to control. Last thing I did before I suffered my disability and subsequent discharge, was looking how these opensource communities functioned (the so called bazaar model) and trying to work out what makes that seemingly uncontrolled and almost unfathomable system work as well as it does. Personally I have a gut feeling that if we manage to reproduce a similar system as the bazaar opensource movement we'd have a much more powerful and virtually indestructible system, albeit also an uncontrollable one.