Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 103. (Read 814547 times)

A bit longer this week, but worth the extra read.

Digital Currency Weekly Recap 12-13-2015

North Carolina Exempting Some Cryptocurrency Companies from Regulation.
Central Banks Consider Creating Digital Currency.
BitWalking: Stepping for Digital Currency!
Minnesota Issues Crypto Warning.

http://dcebrief.com/digital-currency-weekly-recap-12-13-2015/

Quote from: Shepherd on December 09, 2015, 12:11:03 AM

Wow! CryptoMoms blew right through 14 K Members and the traffic has been growing too.

4789 Posts in 568 Topics by 14018 Members

Thanks for all your support. We are gearing up to do a lot more next year.

Our top priority next year is to start working with woman small business owners with an attempt to pull and engage other resources that are helpful for all small business owners and their employees. I will be starting a new thread to answer business related questions. Let us know if you have any suggestions as to how we could be more helpful to small business owners.

As  part of our Christmas tradition, we will be sending out DNotes, as gifts, to all our CRISP For Kids on Christmas week. There will also be a number of special prizes given out. If you have not signed up a CRISP For Kids account for your child, this is a great time to do so. This is a great gift idea for anyone - parents, grandparents, family and friends.

Quote From Shepherd Today:

Impressive!  We have  "Most Online Today: 197. Most Online Ever: 273 (February 18, 2015, 02:25:23 PM)"

Since the last post it has grown to: 4828 Posts in 569 Topics by 14275 Members.

I will read the full article another day when I have a little more time to spare.

In the mean time, here is my take. Blockchain technology, indeed offers massive potential and will be hugely disruptive. Yes, it is currently over-hyped and attracting too many "me toos", may be more than usual. A lot of investment will not work out with many disappointed investors, but nothing unusual. Most will be too early and many will fail. DNotes is taking Blockchain very seriously. We will be a major player one day but we will not the first bull to charge into the "China Shop." We are keeping ourselves well informed and mapping our the most viable Blockchain related projects. Frankly, we believe that we have a huge advantage of packaging the technology with our own digital currency.

Evgeny Kaspersky, is the head of the largest privately-owned cybersecurity company and international software security group Kaspersky Lab. Anything he says is taken seriously. His following statement may cause serious concern:

“As long as [cryptocurrencies] do not interfere, authorities won’t pay attention. Once [cryptocurrencies] begin to displace the national currencies – they will be immediately banned.”

Personally, I do not expect digital currencies to displace national currencies for at least another century. Human does not react well to drastic massive changes within a short period of time but we adjust and adapt well when it happens gradually over a long period of time.

At DNotes, we firmly believe, that there are huge growth opportunities, for a very long period of time, if we can strategically position our ecosystems to effectively adapt to changing economic and political environment based on a very long term view. Essentially, that is what we have been doing, and we will continue to go down that path.

We are positioning DNotes as the trusted global digital currency that will gradually supplement national currencies over the next five to ten years. Given the success, that is a very healthy growth path with significant value appreciation from its current price of less than $100 per 10,000 DNotes today. As I often said, where you are right now is of less consequence than where you are going from here. We are invested for the long term with very dedicated efforts to continue adding well planned strategic building blocks as we expand our growth path. 2016 will be the year when we begin our reach to engage small business owners and their employees.

The book I am writing is dedicated to assist small business owners, including many women small business owners. The vast majority of small business owners and their employees are struggling today in the face of mounting regulations and high cost of doing business. Many small business owners struggle to meet payroll on a regular bases and skip supporting their own retirement savings. Many employees have not see a pay raise in years. We are committed to help in ways we can to foster better employer/employee relationship and improved ways of doing business. We believe that CRISP For Retirement, and CRISP For Employees Incentive Benefits when offered as a package with interactive support by virtual of a dedicated web site will make a difference. We also plan to engage other groups as part of the resources that are beneficial for small business owners. Any suggestions you may have will be very much appreciated.



Kaspersky Lab Says That Cryptocurrency Is The Future Of A United Society

he international community is not ready to use cryptocurrency, though it is a great invention. This is according to Evgeny Kaspersky, the head of the largest privately-owned cybersecurity company and international software security group Kaspersky Lab. Once cryptocurrencies develop to the point where they can replace national currencies, governments will ban them immediately says Evgeny.
Kaspersky Lab provides cybersecurity services, including anti-virus for over 300 million users and over 250,000 corporate clients worldwide.

Evgeny Kaspersky stated during the Kaspersky Digital Radio press conferencededicated to the results of the outgoing year:

“I believe that cryptocurrency is a great invention, but geopolitically this world is not ready to use it yet. If there was a unite government and the world was united in a single society – then cryptocurrency  would work very well in such a world. This is the future.”

Today cybersecurity has a major role in all areas of digital technology. While BitcoinCT r:  8 is used in some criminal activities, more often companies that provide anti-virus protection do know what modern and future society should be ready to face. Evgeny Kaspersky said:

"We have finally entered the digital age and got used to live a “double life” Now almost all the events that happen to us and everything we do – whether it's calling to our parents or job meetups, buying concert tickets or making plans to vacation – it’s committed using digital tools and is recorded in the cyberworld. Sometimes, similarly as in the offline world, users find it difficult to ensure their security in the face of the huge number of cyber threats. The business and government mission is to make the human environment, both physical and digital, convenient and safe."

However, Evgeny Kaspersky mentioned that once cryptocurrencies will develop to be able to replace the national currency governments would ban it immediately:

“I am more than sure that different countries will take turns to prohibit the use of cryptocurrency because they can’t control it. As long as [cryptocurrencies] do not interfere, authorities won’t pay attention. Once [cryptocurrencies] begin to displace the national currencies – they will be immediately banned.”
Source:

http://cointelegraph.com/news/115842/kaspersky-lab-says-that-cryptocurrency-is-the-future-of-a-united-society

This article has some good points regarding "climbing onboard the blockchain bandwagon" that is going on now.  It's a bit long, out of my area of expertise, and I only skimmed the farther I got into the article.


Avoiding the pointless blockchain project

How to determine if you’ve found a real blockchain use case

Blockchains are overhyped. There, I said it. From Sibos to Money20/20 to cover stories of The Economist and Euromoney, everyone seems to be climbing aboard the blockchain wagon. And no doubt like others in the space, we’re seeing a rapidly increasing number of companies building proofs of concept on our platform and/or asking for our help.

As a young startup, you’d think we’d be over the moon. Surely now is the time to raise a ton of money and build that high performance next generation blockchain platform we’ve already designed. What on earth are we waiting for?

I’ll tell you what. We’re waiting to gain a clearer understanding of where blockchains genuinely add value in enterprise IT. You see, a large proportion of these incoming projects have nothing to do with blockchains at all. Here’s how it plays out. Big company hears that blockchains are the next big thing. Big company finds some people internally who are interested in the subject. Big company gives them a budget and tells them to go do something blockchainy. Soon enough they come knocking on our door, waving dollar bills, asking us to help them think up a use case. Say what now?

Full article: https://www.linkedin.com/pulse/avoiding-pointless-blockchain-project-gideon-greenspan

From CryptoMoms Forum:

Quote from: indiamikezulu on Today at 03:37:47 AM

Indeed, Shepherd; but as was noted on the Dnotes thread, we are early adopters! (Late late early adopters . . . ) A daily change of terrain is the only constant on Planet Krypto.

It was most refreshing to see also on the Dnotes thread a mention of the psychology of the planetoids. It will be some time before the percentage of sociopaths is reduced, by the steady inflow of nice normal people, to a ratio reflecting that of the real world. (I look forward to the first anthropological studies of this sub-culture.)

Mark

From Dyna Today:

It is very encouraging to see an increasing traffic at this forum. Our registered membership has been growing by over fifty a day; quite impressive. We are currently developing plans to reach out to small business owners, especially women small business owners and their employee. This is a very time consuming process. 2016 will be a very active year for DNotes.

PGP keys, most likely created by Wright AFTER Satoshi began mining Bitcoin were faked. The keys represented technology not available at the time of Bitcoins creation. They appear to have been created on a "back dated" computer. The man is a fraud, period.

http://motherboard.vice.com/read/satoshis-pgp-keys-are-probably-backdated-and-point-to-a-hoax

Sorry for the delay today all, had a bit of a fiasco to deal with this morn, all good now.

Blockchain Weekly Recap 12-12-2015

Equibit Founder on Blockchain OTC Market.
Infosys to Add 250 Jobs in Ireland.
Stampery Brings Blockchain Benefits to Lawyers.
Russia’s Sberbank Gives Nod to Blockchain.
Imogen Heap Praises Blockchain.

http://dcebrief.com/blockchain-weekly-recap-12-12-2015/

I really like this story, especially the explanation of the "Waterfall Effect".  There are too many people, both inside and outside the industry, expecting too much too fast.  Within the industry they display an attention-deficit like behavior where they are compelled to move on to the next shiny toy when the first one doesn't go to the moon fast enough. Imagine how much could be accomplished if we all worked on projects that had long term sustainable visions.  Outside the industry, media, banks, and government are notorious for pointing out everything they think is wrong with crypto.  They need to relax and remember the current financial system is 60(?) years old and they still don't have it working properly.

An exchanger that sells its own stock of virtual currency is generally not considered a virtual currency transmitter under the NC MTA.

If we sold DNotes from an inventory, it looks like it would be excluded from NC money transmitter laws, anyone know if it would be the same with the NY laws? Assuming you still have to deal with KYC and AML, depending. Frankly I think it's ridiculous that every state could have different laws on this anyway.

Agreed on all counts, the article touches on some important information.

I’m often asked how quickly the changes I outline will take place, and my answer is between 10 and 20 years.

The building of the real-time, almost free financial network on the Internet using blockchain and mobile will take about a decade at least before it becomes mainstream. "Oh," some go. "That's a way off. Can we talk about something happening sooner?"

That's an interesting reaction, as sure, we could talk about how Apple Watch payment apps aren't working or the big deal with Chase Pay, but c'mon. I'm not talking about incremental innovations here, but fundamental ones.

The rebuilding of whole financial markets using shared ledgers. The inclusion of 7 billion people in the financial network through mobile. Those are the big ticket items. Another user of Stripe is interesting, but it's not the massive change we can see coming downstream.

So why is this fundamental change going to take 1o years, at least? Because that's how long any major change takes to become mainstream due to "the Waterfall Effect".

The Waterfall Effect is exactly that: the cascade of flowing change from idea to implementation to acceptance to mainstream. And you have to remember there are many players in play here.

Great article. We are all early adopters, indeed.

Like we have mentioned many times before, positioning DNotes to stay on the right track with a solid foundation is our highest priority. As we continue to advance and add value to our ecosystem, the value of DNotes will take care of itself. It will take DNotes five years to become firmly established and we are barely two years old. For a young organization of this age, without VC funding, we have accomplished a lot - thanks to you all.

This is an interesting article explaining why a disruptive technology takes a long time to go mainstream and why block chain technology still has a ways to go. One thing the author didn't delve into too much is working out the bugs involved with scaling up (Cryptsy, anyone?).

http://www.coindesk.com/blockchain-decade-away-mainstream/

We're all early adopters.

Thanks for the compliment, Wiser. It will be very challenging for Cryptsy to regain the trust and confidence of their customers and "ex-customers" short of new management or partnership. It will take a change of culture and mind-set that value customers as one of the most precious components in building and growing a successful company.

Since everything is inter-related and affects one another in any business - everything matters to varying levels of importance. The four most important components affecting any business beyond a one man show are: You, your big idea, your employees, and your customers. Any short comings of significance in one or more of these components degrade the chances of success of the company. This happens more often than not, causing a high rate of business failures. Unfortunately, Cryptsy's mind-set is a reflection of top management and very common in our industry. Most founders have the tendency to over value their own skill-sets and early success, without realizing that to be sustainable with healthy growth everything matters. I believe that my book will be truly helpful to a lot of small business owners, including those in our industry.

Look what I found in my inbox this morning!

So I'm on a number of email lists (they do seem to multiply) for these self proclaimed "wealth advisers" and guess what this one is recommending (of course once you buy whatever product he's trying to sell) we do to get rich.

http://research.lfb.org/research/html/shi_bitcoin_1115?code=LSHIRC31&n=SHI_bitcoin_1115

There's a lot of hype and the information is not all entirely accurate. Still, I think it's a sign that blockchain technology and currencies are starting to catch on...

It is amazing how the media worldwide can be so easily fooled by a Hoaxer.

New Clues Suggest Craig Wright, Suspected Bitcoin Creator, May Be a Hoaxer

WHEN WIRED NAMED Craig Wright Tuesday as the most likely suspect to be Satoshi Nakamoto, the mysterious creator of bitcoin, we laid out two possibilities that outweighed any others: “Either Wright invented bitcoin, or he’s a brilliant hoaxer who very badly wants us to believe he did.” Three days later, new clues point to that second, strange scenario.

Source:

http://www.wired.com/2015/12/new-clues-suggest-satoshi-suspect-craig-wright-may-be-a-hoaxer/

Oh good, a little goes a long way when it comes to customer relations.

"Thank you everyone for the patience while we get these issues resolved. Team is working hard and we will try to do more frequent updates" - BigVern

Yes, the vague "we're dealing with technical issues" is stretching credibility after having gone on for weeks. I currently have a pending BTC withdrawal that's almost 24 hours old. The last one took about 36 hours. I figured I'd take my chances so we'll see if I ever get it. Most alt-coins are withdrawing fine, hence the premium on their price.

EDIT: on the bright side, Big Vern finally posted some kind of update (with promises to post more updates). Maybe we should all tweet back and suggest they contact Alan to help with reputation building

Getting DNotes in and out of Cryptsy does not seem to be an issue.

However, I made two withdrawals at .1 BTC each over two days ago and have not received them. I wish them well but find it difficult to accept that they are working hard to resolve a technical issue. At a minimum, they are handling damage control poorly. I hope it's not more than that.

Looks like a lot of people are bailing on Cryptsy. Hopefully nothing is seriously wrong, but I'm sure this has hurt their customer base regardless.