Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 121. (Read 814539 times)

Hi all, here is today's blockchain weekly recap. Pretty interesting topics this week.

Blockchain Weekly Recap 11-14-2015

Singapore Banks Urged to Keep Pace with Blockchain Developments.
Bitcoin Blockchain Now Hitting Full Blocks Consistently.
RBC Considers Blockchain Loyalty Program.
Blockchain to Benefit Central Banks?
Japan’s Ministry of Trade Studying Blockchain.
MedVault Takes Prize at Hackathon.

http://dcebrief.com/blockchain-weekly-recap-11-14-2015/

this video looks intelligent and appropriate for community of educated people. I think the lightning  should be improved on the next one

I agree! Very well done TeeGee, I think college students will be able to relate to this.

I thought that it was excellent. Now we want more!

Excellent!

WOW TeeGee!!  The video is amazing.  Everything is explained perfectly and in a down to earth manner that won't intimidate anyone. You are a great ambassador for DNotes!

"first off we would like to stress the importance of resources like DNotes Educational Guide and why the industry is in desperate need of apps like this…" - love this!

This is great coverage for the app and a great article by Bitrebel News.

Hello all.

Thought I'd just pop by and introduce the CRISP for Students program video. I hope to make a few more of these about other various programs and topics relating to DNotes.

https://www.youtube.com/watch?v=BsXO8ttmSxw&feature=youtu.be


Feel free to comment.

Excellent job on the article! Added it to the OP, will post the link to our social accounts and the website as well. Thanks DNotesEDU team and Bitrebel News!

Excellent article. We appreciate that very much. Thank you. Our very best wishes to you and all your supporters at Bitrebel News  -    http://bitrebelnews.xyz/dnotes-education/

Chase, I share your frustration of RBC and other banks’ “little spin that it is in the consumer's best interest not to use digital currency” and “Bitcoin’s use case … does not solve consumer problems.” Yet, they are impressed by the “quantum innovation” and ready to embrace it. I am never convinced that bankers ever act in the best interest of the consumers. That is so beyond them. I wish that they can at least be honest about.

Their stripped down approach in using just the blockchain component of the technology will give them some limited efficiency improvement at best, but could have a lot of unintended consequences. Bankers are inherently greedy and will exploit any leverage they can get away with. I am just not comfortable with their “semi transparent permission chain” concept. I got the feeling that they are not comfortable with it either and hence proceeding cautiously.

Even in the best case, they are still using a centralized fiat currency and not a decentralized digital currency like Bitcoin and DNotes, where the owners are their own bankers. They can bank directly with one another without the control of the bank, the middleman. Yet they do not need to know one another - their peer to peer distributed consensus ledger is always verifiable and cannot be shut down by any bank or government. Everything is totally predictable, visible, and verifiable with nearly zero cost.

Sure, there are similarities. But one can argue that a bicycle and a car have similarities too. They can both be used as a mode of transport. They both have wheels. In this case the “permission chain” or a stripped down version of Bitcoin, is clearly the bicycle and DNotes is the car. I was perfectly happy to use a bicycle during the early years of my life. By today’s standard, it’s out dated.

Thanks BitRebel News for the awesome article on DNotes and DNotes Educational Guide

http://bitrebelnews.xyz/dnotes-education/

DNotes Educational Guide Aims To End Some Common Myths About Digital Currency By Educating The Public

Launched February 16, 2014 DNotes [NOTE] a very popular digital currency and strong contender to Bitcoin in terms of liquidity, high transaction volume and community has over the last year and half added some amazing features and benefits to it’s platform.

These features and benefits include the DNotes Vault a secure, cold storage solution for your Dnotes with coin matching, CRISP (Cryptocurrency Investment Savings Plans) the brainchild of CryptoMoms, a sister organization with a dedicated mission to encourage and assist women to participate in the emerging world of cryptocurrency currently overwhelming dominated by men, CRISP for Kids has been created to help our children and grandchildren develop strong saving habits early, in order to secure their financial future, CRISP for Students is the world’s first student-centric, self-directed investment plan, CRISP for Retirement is an unstructured and self-directed plan, using DNotes as the investment vehicle to supplement retirement savings, the CRISP for Employee Incentive Benefits is the world’s first self-directed digital currency employee incentive program, this program provides employers with an opportunity to manage employee performance and their financial future using DNotes – a digital currency that is well respected by its industry peers for stability and reliable appreciation.

Specifications:

Scrypt PoW
500,000,000 Total Coins
60 second Blocktime
KGW (w/Time Warp Patch)
Block Reward Structure
1-150,000 250
250-33,250 1,000 (Block bonus for the first month)
150,000+ 25
Block reward is reduced by 5% yearly.

DNotes also known as “The Cryptocurrency With A Purpose” has also recently launched it’s own online news platform Digital Currency Executive Brief (DCEBrief) and has announced plans to integrate DNotes and the blockchain into a seamless worldwide payment system.

One of the great features of DNotes however, is the DNotes Educational Guide Application, first off we would like to stress the importance of resources like DNotes Educational Guide and why the industry is in desperate need of apps like this… It is very difficult these days to get accurate information on digital currency other than Bitcoin and even the information available for Bitcoin is often times not correct or based on views derived from the negative Bitcoin narrative many news outlets tend to be follow. Banks and financial institutions are starting to flood the news channels with even more biased negative information on Bitcoin and other digital currencies in order to serve their own agenda.

The DNotes Educational Guide aims to end common myths about digital currency by educating the public, this free app will ensure that almost everyone has access to basic digital currency education regardless of your income level, previous education, age, gender, location or race. We believe education of the masses is key to bringing digital currency to the mainstream and the DNotes Educational Guide is a great place to start learning…

Do not look to your bank or some other financial institution for advice or education, they do not really like the idea of a decentralized digital currency and are doing their best to downplay Bitcoin right now… If you want accurate information from a well respected and trusted source in the community the DNotes Educational Guide can provide you with all of the information you need to get started with digital currency.

Download the app now to begin your future with digital currency available on Google Play:
https://play.google.com/store/apps/details?id=com.cojack.dnedu

Also available in your internet browser at: http://ff4dc.com/dnotes-educational-guide.html

For questions or concerns please contact us at [email protected]

Hi All, I will gone most of the day. Here is today's Bitcoin Weekly Recap:

Bitcoin Weekly Recap 11-13-2015

Washington State Warns Consumers About Bitcoin Investment.
Nakamoto to be Nominated for Nobel?
Plutus App to Simplify Bitcoin Payment Process.
ZapChain Raises $350k in Seed Funds for New Initiative.
Distributed Lab Launching Bitcoin Wallet to Serve Ukrainians.
Coinbase Expands Operations in Latin America and Asia.
Bitcoin’s Wild Ride Continues.
Mobile App Provides Bitcoin Trade Monitoring in Real-Time.

http://dcebrief.com/bitcoin-weekly-recap-11-13-2015/

Royal Bank of Canada Exploring Blockchain Loyalty Program

Royal Bank of Canada (RBC) president and CEO Dave McKay called bitcoin's underlying distributed ledger a "quantum innovation" during a roundtable discussion today.

At the RBC Capital Markets conference in New York, McKay discussed RBC’s ongoing experimentations with the blockchain, stating that the bank may seek to launch a loyalty program that uses the technology sometime in 2016, American Banker reports.

In his remarks, McKay indicated he believes the bank’s experiments with the blockchain need to be introduced with "caution", echoing statements made by the US Securities and Exchange Commission’s (SEC) commissioner earlier this week.

"It is a brand-new technology, and what do we really know about it? How cyber-secure is it? We are going to learn a lot more about it," McCay said. "Given what is at stake, it is not something you can rush to market with and fix as you go. You want it to work."

According to American Banker, McKay suggested that RBC was currently looking for low-risk ways to introduce its customers to the technology, and that it felt a loyalty program was the best fit at this time.

He stated:

"It would be a nice hybrid step. A loyalty account is a good, safe currency to start with."

McCay was less interested in bitcoin’s use case as a digital currency, according to the report, noting that he doesn’t believe this application solves consumer problems.

Notably, RBC was one of 13 major banks that announced a partnership with distributed ledger startup R3CEV this September. R3 that has so far attracted 25 of the world's largest financial institutions.

As such, McKay stressed that a collaborative approach was perhaps the best way for the technology to reach mass market.

According to company estimates, RBC is the largest bank in Canada by assets and market capitalization, employing 78,000 workers and boasting $343bn in assets under management as of the end of 2014.

http://www.coindesk.com/royal-bank-canada-dave-mckay-blockchain/

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I agree with the "quantum innovation" statement and starting off with a loyalty program sounds like a good idea, but there is one statement that simply isn't true.

"McCay was less interested in bitcoin’s use case as a digital currency, according to the report, noting that he doesn’t believe this application solves consumer problems."

What are the consumer's problems with banks?  There are the high fees and high interest rates on borrowed money, but virtually non-existant interest paid on savings.  What about the loss of purchasing power because the banks / governments inflate the supply of fiat, and since the banks deal only in fiat, everything they touch diminishes the consumer's savings held there.  What are they going to do to give the 2.5 billion unbanked people access to the global economy??  Nothing!  The unbanked will not "qualify" for banking services, but digital currencies like bitcoin and DNotes do not discriminate against the poor and allow anyone access to them.  A blockchain loyalty program isn't going to address any of these issues!

RBC using the blockchain is about RBC and the little spin that it is in the consumer's best interest not to use digital currency is garbage!!

Scams and pyramid Scheme such as MMM are very damaging to our industry.
Although the market value of Bitcoin coin has gone up, the vast majority of altcoins, including DNotes have declined.

Long term stakeholders should just wait it out. Being a decentralized currency the impact is even more significant in a confused market caused by manipulated supply and demand. Over time it will adjust to the level it deserves. DNotes is significantly undervalued at the current price, even though it has remained to be one of the top 30s according to CoinMarketCap.

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Russia Warns About MMM Collapse In China

Yury Chikhanchin, the Director of the Federal Financial Monitoring Service inRussia warned about the future collapse of the MMM Pyramid Scheme of Sergei Mavrodi in China. Mr. Chikhanchin explained the risks at the conference "Risks and Challenges for the economies of the BRICS", wrote TASS.

Yury Chikhanchin commented:

"From the media, we know that MMM, with Sergei Mavrodi in charge, is currently expanding its activity in China. Russia has witnessed the collapse of a similar system by Mavrodi in the past, and thousands of defrauded investors still cannot recover their money until this day. I'm afraid our Chinese friends will face the same outcome."

According to Mr. Chikhanchin, the low level of financial literacy within the population often leads to the growth of economic crimes and frauds. However, he believes that this is a problem not only for developing countries but also for mature economies.

MMM also works in Indonesia, South Africa, India, Bangladesh, and Ukraine. On August 1, Sergei Mavrodi held a presentation of MMM in the Kingdom of Lesotho, South Africa.
Fool me twice

MMM China presents itself as a "community of ordinary people who selflessly help each other" and not as an "investment fund with higher stakes" which it used to be in Russia, wrote TASS. The organization promises 30% profit per month as new fund investors send bitcoins as a means of "mutual assistance" to those who became the members of the pyramid before them.

Previously Sergei Mavrodi stated in the interview to Finance Today’s Izabella Kaminska that he is the man behind the Bitcoin rally in the beginning of November. She's not the only one, as there are some other experts whosuppose that the recent Bitcoin price fluctuation could be caused by MMM activity in China.
Yury Chikhanchin from Russia’s Federal Financial Monitoring Service is not the only person to warn citizens of China and other countries targeted by MMM about the dangers coming from this “transparent” Ponzi scheme. Bobby Lee, the CEO at BTCC issued a warning to his customers and bitcoinCT r:  3investors that BTCC is in no way affiliated with such schemes.

Some people don't change
MMM company founded by Mavrodi has been recognized as one of the largest pyramid schemes in Russia. According to experts it had about 10-15 million depositors in 1989-1994. After the company's collapse in February 1994, at least 50 people who deposited their money in MMM have committed suicide. The investigation recognized more than 10 thousand people to be the victims of this Ponzi scheme company, but according to some experts the number of defrauded investors is actually closer to 10 million.
Mavrodi tried to escape the investigation but was caught in Moscow with a fake ID and arrested in January 2003. In April 2007, the court found him guilty of fraud and sentenced him to 4.5 years in prison.
CoinTelegraph recommends everyone to stay away from MMM Global, a suspected scam company being run by a known convict.

Source:
http://cointelegraph.com/news/115638/russia-warns-about-mmm-collapse-in-china

A new line of thinking may be in order, without preconceived notions of what the global economy needs to look like. The concept of a global supplemental digital currency is probably just what the world needs to start rebuilding, it is on my mind often, it's a great concept.

"It may be a good idea for governments around the world to hire some 5 year olds to help them with the concepts of cryptocurrency."

For my part, Chase, I think it would be a good idea for governments around the world to surrender control of the entire global economy to 'some 5 year olds.' I'll bet on Tots at The Top against Draghi and the Fed Reserve any day!

"Children and Cryptocurrency: Why They Need to Learn Now" - http://dcebrief.com/children-and-cryptocurrency-why-they-need-to-learn-now/


"Missing the Point: Mintchip, Scotland and the Spectre of Government-Issued Cryptocurrencies"  - http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/


Fantastic articles Nick and Chris!

It amazes me how quickly young children can become proficient at technology.  It may be a good idea for governments around the world to hire some 5 year olds to help them with the concepts of cryptocurrency. 

Enjoyed the article and follow up. The idea of having another government controlled or centralized currency seems a bit redundant. Whereas a decentralized crypto can help insulate local economies from disaster. DNotes absolutely has the right idea, supported but not controlled.

Hi Faradey100, you may have found the wrong thread. This one is for DNotes.