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Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 127. (Read 814539 times)

hero member
Activity: 508
Merit: 501
Had a conference call with Tim and Alan yesterday, one of the things we would like to do is promote CRISP for Kids and CRISP for Students a bit more utilizing DCEBrief. Who or what organizations could we have for guest speakers on DCEBrief that might be interested in writing on these subjects?

Here are a couple articles that I have sent to Nick to see if he would be willing to write these topics:
The importance of getting children involved in digital currency at an early age.
Developing good saving habits with digital currency for children. (CRISP for Kids)
The importance of getting students involved in digital currency at this early stage of it's development. (CRISP for Students)


I would really like to see these articles written. They will be highly important and relevant to children and students who need more information and want to get started. Excellent topics!
legendary
Activity: 1932
Merit: 1111
DNotes
Had a conference call with Tim and Alan yesterday, one of the things we would like to do is promote CRISP for Kids and CRISP for Students a bit more utilizing DCEBrief. Who or what organizations could we have for guest speakers on DCEBrief that might be interested in writing on these subjects?

Here are a couple articles that I have sent to Nick to see if he would be willing to write these topics:
The importance of getting children involved in digital currency at an early age.
Developing good saving habits with digital currency for children. (CRISP for Kids)
The importance of getting students involved in digital currency at this early stage of it's development. (CRISP for Students)
legendary
Activity: 1610
Merit: 1060
One of the real concerns that we need to face is that with volume being so low (less than 1btc often) NOTE will soon risk being de-listed by the major exchanges unless trading picks up.

This is part of what I was trying to say before. To spur interest in NOTE people need to be able to buy it, and to buy it, it needs to remain on exchanges, which to do so it needs to be traded, which means it must be attractive to investors as a speculative instrument, which to do so means people need to feel like something, anything, is happening to drive the platform forwards.

To keep people interested they need to feel like they can make money. This is a simple statement of fact in crypto.

Without any of this, NOTE is just an idea in Alan's notebook. Like it or not, trading drives interest. Without something concrete and hopeful in the future, trade will shrivel and NOTE will disappear from the exchanges altogether. I know you don't like it, but this is a fact. Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE. The technology and the excitement must go hand in hand with the core mission and economic thesis, you can't just have one or the other. Otherwise it becomes an intellectual pursuit in a vaccum with no supporters pushing real money into the ecosystem.

Please just consider this.


First of all, DNotes is not going to be delisted and comments like that are more likely to be chuckled at than taken seriously.

You've made your opionion very clear; I believe this is the third time you have told a team with decades of experience on the world stage in business, how to run things.  We are all here precisely because things are done differently and any of us with real world experience outside of crypto, know it takes more than what you are suggesting to make a global currency.

Having DNotes fly slightly under the radar for a while longer as wild swings in volatility return in bitcoin may not be a bad thing.  

"Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE".  I feel like a broken record on this one.  In order for mass adoption of any currency, the support has to come from OUTSIDE Bitcointalk, crypto, and tech.  DNotes has reached more people who haven't a clue about crypto or technology than probably any other coin with the exception of bitcoin being taken up by people in the financial sector.

As far as Alan's notebook goes... If I had a copy of Alan's notebook 20 years ago, I would have written my own book and been a very wealthy woman!!

Maybe it's time for you to re-evaluate your investment objectives.  There are lots of coins that doing nothing but try to keep up with the ever changing technology.


Thank you, Chase. Very well said.

Alan, I really think DNotes is on the right path. When your book comes out, more people will understand how DNotes is being built like a business, and that is something that differentiates it from the competition.

Thanks, Brandon. You are correct. The path that DNotes has chosen is uniquely different for strategic reasons that not everyone can easily grasp. If it is that easy there would not have been that many business failures or so many struggling in the business world today. The book will help "more people (will) understand how DNotes is being built like a business."

The opportunities and challenges for DNotes are of such extreme and massive scale it takes a rare breed, able and willing, to want to even take it on. This task is not for the amateur, the faint-hearted or anyone who lacks the tenacity, drive, and dedication.

As will be reflected in the book, it takes the mastery and skill-sets of a very dedicated leader with the vision to see far into the future, coupled with the ability to turn those strategic plans into multi-missions - each with their own goals and objectives. The leader must create a purposeful and inspiring culture so that other leaders will be born and help pursue those missions. We are builders and have delivered what we promised; a new productive, mutually beneficial culture, in a chaotic industry; a digital currency with a trusted brand, and our own ecosystem that will lead to the formation of a for profit company.

hero member
Activity: 493
Merit: 500
One of the real concerns that we need to face is that with volume being so low (less than 1btc often) NOTE will soon risk being de-listed by the major exchanges unless trading picks up.

This is part of what I was trying to say before. To spur interest in NOTE people need to be able to buy it, and to buy it, it needs to remain on exchanges, which to do so it needs to be traded, which means it must be attractive to investors as a speculative instrument, which to do so means people need to feel like something, anything, is happening to drive the platform forwards.

To keep people interested they need to feel like they can make money. This is a simple statement of fact in crypto.

Without any of this, NOTE is just an idea in Alan's notebook. Like it or not, trading drives interest. Without something concrete and hopeful in the future, trade will shrivel and NOTE will disappear from the exchanges altogether. I know you don't like it, but this is a fact. Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE. The technology and the excitement must go hand in hand with the core mission and economic thesis, you can't just have one or the other. Otherwise it becomes an intellectual pursuit in a vaccum with no supporters pushing real money into the ecosystem.

Please just consider this.


First of all, DNotes is not going to be delisted and comments like that are more likely to be chuckled at than taken seriously.

You've made your opionion very clear; I believe this is the third time you have told a team with decades of experience on the world stage in business, how to run things.  We are all here precisely because things are done differently and any of us with real world experience outside of crypto, know it takes more than what you are suggesting to make a global currency.

Having DNotes fly slightly under the radar for a while longer as wild swings in volatility return in bitcoin may not be a bad thing.  

"Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE".  I feel like a broken record on this one.  In order for mass adoption of any currency, the support has to come from OUTSIDE Bitcointalk, crypto, and tech.  DNotes has reached more people who haven't a clue about crypto or technology than probably any other coin with the exception of bitcoin being taken up by people in the financial sector.

As far as Alan's notebook goes... If I had a copy of Alan's notebook 20 years ago, I would have written my own book and been a very wealthy woman!!

Maybe it's time for you to re-evaluate your investment objectives.  There are lots of coins that doing nothing but try to keep up with the ever changing technology.


Thank you, Chase. Very well said.

Alan, I really think DNotes is on the right path. When your book comes out, more people will understand how DNotes is being built like a business, and that is something that differentiates it from the competition.
legendary
Activity: 1932
Merit: 1111
DNotes
Had a conference call with Tim and Alan yesterday, one of the things we would like to do is promote CRISP for Kids and CRISP for Students a bit more utilizing DCEBrief. Who or what organizations could we have for guest speakers on DCEBrief that might be interested in writing on these subjects?
legendary
Activity: 1932
Merit: 1111
DNotes

Maybe the outcome should be expanding of the block-chain technology  - to be Entity that limits the use by a basic regulations features? (primary conditions for transactions) some of this direction may seperates between the bitcoin to -let say -it's more sophisticated coin -DNOTES. this might take digital coins to mass acceptence?

This is disappointing, Taiwan declares Bitcoin illegal essentially because of a kidnapping that used Bitcoin for the ransom. Why don't they declare TWD illegal? I'm sure that is used in all other criminal activity.

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/



Youch, that is a bit harsh. I thought Taiwan was fairly friendly when it came to digital currency. I'm not sure how that will be helpful for the Taiwanese people. I'm sure this won't stop criminals from using digital currency, but will certainly prevent the average person from using it and prevent business and technology development in Taiwan.

Hi Mati, would you give us an example on this idea? Are you saying if coins are used for ransom for instance, they could be 'locked out' and not be spent?
legendary
Activity: 1610
Merit: 1060
One of the real concerns that we need to face is that with volume being so low (less than 1btc often) NOTE will soon risk being de-listed by the major exchanges unless trading picks up.

This is part of what I was trying to say before. To spur interest in NOTE people need to be able to buy it, and to buy it, it needs to remain on exchanges, which to do so it needs to be traded, which means it must be attractive to investors as a speculative instrument, which to do so means people need to feel like something, anything, is happening to drive the platform forwards.

To keep people interested they need to feel like they can make money. This is a simple statement of fact in crypto.

Without any of this, NOTE is just an idea in Alan's notebook. Like it or not, trading drives interest. Without something concrete and hopeful in the future, trade will shrivel and NOTE will disappear from the exchanges altogether. I know you don't like it, but this is a fact. Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE. The technology and the excitement must go hand in hand with the core mission and economic thesis, you can't just have one or the other. Otherwise it becomes an intellectual pursuit in a vaccum with no supporters pushing real money into the ecosystem.

Please just consider this.


First of all, DNotes is not going to be delisted and comments like that are more likely to be chuckled at than taken seriously.

You've made your opionion very clear; I believe this is the third time you have told a team with decades of experience on the world stage in business, how to run things.  We are all here precisely because things are done differently and any of us with real world experience outside of crypto, know it takes more than what you are suggesting to make a global currency.

Having DNotes fly slightly under the radar for a while longer as wild swings in volatility return in bitcoin may not be a bad thing.  

"Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE".  I feel like a broken record on this one.  In order for mass adoption of any currency, the support has to come from OUTSIDE Bitcointalk, crypto, and tech.  DNotes has reached more people who haven't a clue about crypto or technology than probably any other coin with the exception of bitcoin being taken up by people in the financial sector.

As far as Alan's notebook goes... If I had a copy of Alan's notebook 20 years ago, I would have written my own book and been a very wealthy woman!!

Maybe it's time for you to re-evaluate your investment objectives.  There are lots of coins that doing nothing but try to keep up with the ever changing technology.


Thank you, Chase. Very well said.
legendary
Activity: 1638
Merit: 1005
One of the real concerns that we need to face is that with volume being so low (less than 1btc often) NOTE will soon risk being de-listed by the major exchanges unless trading picks up.

This is part of what I was trying to say before. To spur interest in NOTE people need to be able to buy it, and to buy it, it needs to remain on exchanges, which to do so it needs to be traded, which means it must be attractive to investors as a speculative instrument, which to do so means people need to feel like something, anything, is happening to drive the platform forwards.

To keep people interested they need to feel like they can make money. This is a simple statement of fact in crypto.

Without any of this, NOTE is just an idea in Alan's notebook. Like it or not, trading drives interest. Without something concrete and hopeful in the future, trade will shrivel and NOTE will disappear from the exchanges altogether. I know you don't like it, but this is a fact. Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE. The technology and the excitement must go hand in hand with the core mission and economic thesis, you can't just have one or the other. Otherwise it becomes an intellectual pursuit in a vaccum with no supporters pushing real money into the ecosystem.

Please just consider this.


First of all, DNotes is not going to be delisted and comments like that are more likely to be chuckled at than taken seriously.

You've made your opionion very clear; I believe this is the third time you have told a team with decades of experience on the world stage in business, how to run things.  We are all here precisely because things are done differently and any of us with real world experience outside of crypto, know it takes more than what you are suggesting to make a global currency.

Having DNotes fly slightly under the radar for a while longer as wild swings in volatility return in bitcoin may not be a bad thing.  

"Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE".  I feel like a broken record on this one.  In order for mass adoption of any currency, the support has to come from OUTSIDE Bitcointalk, crypto, and tech.  DNotes has reached more people who haven't a clue about crypto or technology than probably any other coin with the exception of bitcoin being taken up by people in the financial sector.

As far as Alan's notebook goes... If I had a copy of Alan's notebook 20 years ago, I would have written my own book and been a very wealthy woman!!

Maybe it's time for you to re-evaluate your investment objectives.  There are lots of coins that do nothing but try to keep up with the ever changing technology.
newbie
Activity: 26
Merit: 0
One of the real concerns that we need to face is that with volume being so low (less than 1btc often) NOTE will soon risk being de-listed by the major exchanges unless trading picks up.

This is part of what I was trying to say before. To spur interest in NOTE people need to be able to buy it, and to buy it, it needs to remain on exchanges, which to do so it needs to be traded, which means it must be attractive to investors as a speculative instrument, which to do so means people need to feel like something, anything, is happening to drive the platform forwards.

To keep people interested they need to feel like they can make money. This is a simple statement of fact in crypto.

Without any of this, NOTE is just an idea in Alan's notebook. Like it or not, trading drives interest. Without something concrete and hopeful in the future, trade will shrivel and NOTE will disappear from the exchanges altogether. I know you don't like it, but this is a fact. Something needs to happen to galvanise NEW people into wanting to buy and hold NOTE. The technology and the excitement must go hand in hand with the core mission and economic thesis, you can't just have one or the other. Otherwise it becomes an intellectual pursuit in a vaccum with no supporters pushing real money into the ecosystem.

Please just consider this.
legendary
Activity: 1610
Merit: 1060
The price of Bitcoin has shot up to $476 this morning. DNotes has held up well so far but over the short term two indicators are of some concern. The buy side is dropping to a new low. Our investors are likely to be running low on Bitcoin and feel reluctant to buy more in fear that the of Bitcoin could pull back sharply after it has doubled in just a few weeks.

The sell side of DNotes has gone up noticeable since DNotes, measured in $, is at an all time high. Some investors are cashing in for Bitcoin and perhaps for cash as well. This is very typical of how free market supply and demand works. Drastic move in either directions often takes time to digest. Bitcoin has been relatively stable for a while, but this new trend could bring back high volatility; good for traders as a speculative commodity and not so good as a medium of exchange.
member
Activity: 72
Merit: 10

Maybe the outcome should be expanding of the block-chain technology  - to be Entity that limits the use by a basic regulations features? (primary conditions for transactions) some of this direction may seperates between the bitcoin to -let say -it's more sophisticated coin -DNOTES. this might take digital coins to mass acceptence?

This is disappointing, Taiwan declares Bitcoin illegal essentially because of a kidnapping that used Bitcoin for the ransom. Why don't they declare TWD illegal? I'm sure that is used in all other criminal activity.

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/



Youch, that is a bit harsh. I thought Taiwan was fairly friendly when it came to digital currency. I'm not sure how that will be helpful for the Taiwanese people. I'm sure this won't stop criminals from using digital currency, but will certainly prevent the average person from using it and prevent business and technology development in Taiwan.
legendary
Activity: 1932
Merit: 1111
DNotes
Found a small issue with DCEBrief.com 

If you go to the article/brief about Taiwan declaring Bitcoin Illegal and click "Read More" it takes you to the "Cyberspace Administration of China..." Article. Not a big deal but, needs to be fixed.

Oops, thanks RJF, got it fixed.
IMZ
legendary
Activity: 1498
Merit: 1000
What Is The ‘Why?’ of The Bitcoin Price-Spike?

brought to you by as-fast-as-i-can-type journalism:


“ . . . if a few hundred million Chinese decide that the time has come to use bitcoin as the capital-controls-bypassing currency of choice, and decide to invest even a tiny fraction of the $22 trillion in Chinese deposits in bitcoin (whose total market cap at last check was just over $3 billion), sit back and watch as we witness the second coming of the bitcoin bubble . . . ”

http://www.zerohedge.com/news/2015-11-03/bitcoin-surges-1-year-highs-100-china-capital-controls-august-lows


# Perhaps the most important global economic indicator at this second is:

http://money.cnn.com/data/world_markets/se_composite

# But let’s back up a little:

‘There’s mania in China right now. Stock market mania.’

http://fortune.com/2014/12/17/chinas-stock-market-goes-boom

That was December, 2014.

# So, how is Shanghai doin’ today? eleven months later?

http://money.cnn.com/data/world_markets/se_composite

Look to the top right. Note that about 2.5% per annum increase is all that’s left of the manic rise. Find the ‘6-month chart.’ The drop began in June.

# But the above is just background. What we want to know is:

what is the big economic picture in China today?

# Note the lift in Shanghai’s index in the last couple of months. Recovery? Not a bit of it! The Chinese Government is ‘backstopping’ the market with print-as-required capital:

‘China’s heavy-handed interventions ha[ve] turned their stock markets into “a government bureaucracy.” ‘

http://www.bloombergview.com/articles/2015-07-13/u-s-plunge-protection-team-s-lessons-for-china

“ . . . the government will act to [try to . . . ] keep the bull market intact . . . ”

http://www.bloomberg.com/news/articles/2015-06-19/jpmorgan-says-buy-china-stocks-now-as-government-backstops-rally

# And then (August) came:

“China devalues yuan for third straight day, adding to fears of currency war.”

http://www.theguardian.com/world/2015/aug/13/china-devalues-yuan-for-third-straight-day-adding-to-fears-of-currency-war

So Chinese investors have seen the Government muff The 2009-Launched Quantum Leap to Domestic Demand (from decades of orientation to exporting).
This involved The Property Boom that created the ‘ghost cities’ (which I was reading about a zillion years before the mainstream press knew of their existence):

https://www.google.com.au/search?q=chinese+ghost+cities&espv=2&biw=1745&bih=890&site=webhp&tbm=isch&tbo=u&source=univ&sa=X&sqi=2&ved=0CCEQsARqFQoTCIzswcG99cgCFYQypgodxAMEUA

The Property Boom involved the mushrooming of the ‘shadow banking’ industry, which now has gangrene half way up its thigh:

http://www.washingtonsblog.com/2015/07/the-75-trillion-dollar-shadow-banking-system-is-in-danger-of-collapsing.html

[Then came the stock-market boom we started with.]

Next is The Macau Thang: don’t confuse the fate of the casinos with my point. Woven into the trips were opportunities to convert Yuan to other currencies. The crackdown is about that:

http://qz.com/491724/chinas-crackdown-on-corruption-is-killing-macaus-economy

Then the miserable state of the Chinese economy began to be apparent even to the deaf and dumb of Wall Street:

http://www.theguardian.com/business/2015/aug/28/chinese-economic-slowdown-jackson-hole-bankers-investors

Conclusion: a regulation-compliant crypto is a fine thing; but the future of cryptos lies in global economic turmoil.
RJF
hero member
Activity: 616
Merit: 500
Online since '89...
Found a small issue with DCEBrief.com 

If you go to the article/brief about Taiwan declaring Bitcoin Illegal and click "Read More" it takes you to the "Cyberspace Administration of China..." Article. Not a big deal but, needs to be fixed.
RJF
hero member
Activity: 616
Merit: 500
Online since '89...
This is disappointing, Taiwan declares Bitcoin illegal essentially because of a kidnapping that used Bitcoin for the ransom. Why don't they declare TWD illegal? I'm sure that is used in all other criminal activity.

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/



Youch, that is a bit harsh. I thought Taiwan was fairly friendly when it came to digital currency. I'm not sure how that will be helpful for the Taiwanese people. I'm sure this won't stop criminals from using digital currency, but will certainly prevent the average person from using it and prevent business and technology development in Taiwan.

I agree, quite harsh. I am sure there will be backlash and this will be reversed. I can only hope otherwise another bad press story on cryptocurrency. I do wish NEWS would report the good as well as the bad, but alas bad NEWS is what sells.


The Taiwanese government should have read the DNotes Educational Guide.  One of the questions in the quiz is: "Blaming bitcoin for criminal activity is like blaming kidnapping on cash."  True / False  

Even if the government official had answered false incorrectly, the app would have corrected their misconceptions.   Just saying...   Wink

You hit the nail directly on it's head! These types of reactions are caused by a lack of education and fear/suspicion of the unknown in almost all cases. People such as the Taiwan government official don't know what Bitcoin is but, they know it is associated with crime and criminal activity so, they fear it. And fear brings irrational, knee jerk decision making. We have seen this time and time again throughout history.

So, what can we do about it? Simple, educate those who have power but lack understanding. We have a great vehicle in DCEBrief and we need to continue to get the word out. Perhaps, along with the "Regulation" header, we could add a header for world leaders where articles would specifically deal with not over reacting to every crime using Bitcoin or other digital currency. Perhaps a focused, advertised and well placed section for world leaders would pick up some readership from those who actually make the rules and who's knee jerk reactions can easily affect the entire globe including financial markets in other countries.

And, remember Mr. Tseng Ming-chung, when you "ban" something, then only the criminals will be free to use it. It doesn't work the way you think it does. Looks like Taiwan's citizens are not as free as mainland China's citizens. Might want to think about that for a moment...



Though it's a negative headline, I've asked Thomas to write an article about this on DCEBrief, so DCEBrief can weigh in on it a little. It also warrants an update to the DCEBrief writers guide.


[...]


To many, the Taiwanese response to this incident certainly seems to miss the mark. The fact remains that the motivations for the kidnapping are still under investigation, and the crime itself seems to have had nothing to do with Bitcoin – other than the fact that the criminals chose that as their medium of exchange. Moreover, even if they had demanded to be paid in New Taiwan dollars, it is difficult to see how things would have turned out differently. The victim would have still been rescued using the same procedural tactics. The only difference is that no one in the Taiwan government would have called for outlawing the nation’s currency simply because one group of criminals chose it as their preferred form of ransom payment.

Given the island’s apparent fondness for Bitcoin, it is difficult to imagine this decision having any real lasting impact. For now, however, cryptocurrency advocates in Taiwan and elsewhere can only wait to see whether clearer heads ultimately prevail.

http://dcebrief.com/taiwan-declares-bitcoin-illegal/


Taiwan Declares Bitcoin Illegal - http://dcebrief.com/taiwan-declares-bitcoin-illegal/

That was fast, and a great response to a reactionary (and uneducated) move on the part ot the Taiwanese government.  I hope they do clear their heads and realize what the opportunity cost is of their decision to go from the chance of being a leader in this industry, to being left out altogether.

I would go so far to say the Chairman of the Financial Supervisory Commission, Tseng Ming-Chung, is no longer fit to lead that commission. When people in positions of power make snap judgements without facts, research or even a clear cut line of reasoning, it is time to remove them from their position before they cause irreparable harm to the very people they are charged to protect. Prove Taiwan is a free country, remove this man from his throne.
legendary
Activity: 1638
Merit: 1005
This is disappointing, Taiwan declares Bitcoin illegal essentially because of a kidnapping that used Bitcoin for the ransom. Why don't they declare TWD illegal? I'm sure that is used in all other criminal activity.

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/



Youch, that is a bit harsh. I thought Taiwan was fairly friendly when it came to digital currency. I'm not sure how that will be helpful for the Taiwanese people. I'm sure this won't stop criminals from using digital currency, but will certainly prevent the average person from using it and prevent business and technology development in Taiwan.

I agree, quite harsh. I am sure there will be backlash and this will be reversed. I can only hope otherwise another bad press story on cryptocurrency. I do wish NEWS would report the good as well as the bad, but alas bad NEWS is what sells.


The Taiwanese government should have read the DNotes Educational Guide.  One of the questions in the quiz is: "Blaming bitcoin for criminal activity is like blaming kidnapping on cash."  True / False  

Even if the government official had answered false incorrectly, the app would have corrected their misconceptions.   Just saying...   Wink

You hit the nail directly on it's head! These types of reactions are caused by a lack of education and fear/suspicion of the unknown in almost all cases. People such as the Taiwan government official don't know what Bitcoin is but, they know it is associated with crime and criminal activity so, they fear it. And fear brings irrational, knee jerk decision making. We have seen this time and time again throughout history.

So, what can we do about it? Simple, educate those who have power but lack understanding. We have a great vehicle in DCEBrief and we need to continue to get the word out. Perhaps, along with the "Regulation" header, we could add a header for world leaders where articles would specifically deal with not over reacting to every crime using Bitcoin or other digital currency. Perhaps a focused, advertised and well placed section for world leaders would pick up some readership from those who actually make the rules and who's knee jerk reactions can easily affect the entire globe including financial markets in other countries.

And, remember Mr. Tseng Ming-chung, when you "ban" something, then only the criminals will be free to use it. It doesn't work the way you think it does. Looks like Taiwan's citizens are not as free as mainland China's citizens. Might want to think about that for a moment...



Though it's a negative headline, I've asked Thomas to write an article about this on DCEBrief, so DCEBrief can weigh in on it a little. It also warrants an update to the DCEBrief writers guide.


[...]


To many, the Taiwanese response to this incident certainly seems to miss the mark. The fact remains that the motivations for the kidnapping are still under investigation, and the crime itself seems to have had nothing to do with Bitcoin – other than the fact that the criminals chose that as their medium of exchange. Moreover, even if they had demanded to be paid in New Taiwan dollars, it is difficult to see how things would have turned out differently. The victim would have still been rescued using the same procedural tactics. The only difference is that no one in the Taiwan government would have called for outlawing the nation’s currency simply because one group of criminals chose it as their preferred form of ransom payment.

Given the island’s apparent fondness for Bitcoin, it is difficult to imagine this decision having any real lasting impact. For now, however, cryptocurrency advocates in Taiwan and elsewhere can only wait to see whether clearer heads ultimately prevail.

http://dcebrief.com/taiwan-declares-bitcoin-illegal/


Taiwan Declares Bitcoin Illegal - http://dcebrief.com/taiwan-declares-bitcoin-illegal/

That was fast, and a great response to a reactionary (and uneducated) move on the part ot the Taiwanese government.  I hope they do clear their heads and realize what the opportunity cost is of their decision to go from the chance of being a leader in this industry, to being left out altogether.
legendary
Activity: 1932
Merit: 1111
DNotes
This is disappointing, Taiwan declares Bitcoin illegal essentially because of a kidnapping that used Bitcoin for the ransom. Why don't they declare TWD illegal? I'm sure that is used in all other criminal activity.

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/



Youch, that is a bit harsh. I thought Taiwan was fairly friendly when it came to digital currency. I'm not sure how that will be helpful for the Taiwanese people. I'm sure this won't stop criminals from using digital currency, but will certainly prevent the average person from using it and prevent business and technology development in Taiwan.

I agree, quite harsh. I am sure there will be backlash and this will be reversed. I can only hope otherwise another bad press story on cryptocurrency. I do wish NEWS would report the good as well as the bad, but alas bad NEWS is what sells.


The Taiwanese government should have read the DNotes Educational Guide.  One of the questions in the quiz is: "Blaming bitcoin for criminal activity is like blaming kidnapping on cash."  True / False  

Even if the government official had answered false incorrectly, the app would have corrected their misconceptions.   Just saying...   Wink

You hit the nail directly on it's head! These types of reactions are caused by a lack of education and fear/suspicion of the unknown in almost all cases. People such as the Taiwan government official don't know what Bitcoin is but, they know it is associated with crime and criminal activity so, they fear it. And fear brings irrational, knee jerk decision making. We have seen this time and time again throughout history.

So, what can we do about it? Simple, educate those who have power but lack understanding. We have a great vehicle in DCEBrief and we need to continue to get the word out. Perhaps, along with the "Regulation" header, we could add a header for world leaders where articles would specifically deal with not over reacting to every crime using Bitcoin or other digital currency. Perhaps a focused, advertised and well placed section for world leaders would pick up some readership from those who actually make the rules and who's knee jerk reactions can easily affect the entire globe including financial markets in other countries.

And, remember Mr. Tseng Ming-chung, when you "ban" something, then only the criminals will be free to use it. It doesn't work the way you think it does. Looks like Taiwan's citizens are not as free as mainland China's citizens. Might want to think about that for a moment...



Though it's a negative headline, I've asked Thomas to write an article about this on DCEBrief, so DCEBrief can weigh in on it a little. It also warrants an update to the DCEBrief writers guide.


[...]


To many, the Taiwanese response to this incident certainly seems to miss the mark. The fact remains that the motivations for the kidnapping are still under investigation, and the crime itself seems to have had nothing to do with Bitcoin – other than the fact that the criminals chose that as their medium of exchange. Moreover, even if they had demanded to be paid in New Taiwan dollars, it is difficult to see how things would have turned out differently. The victim would have still been rescued using the same procedural tactics. The only difference is that no one in the Taiwan government would have called for outlawing the nation’s currency simply because one group of criminals chose it as their preferred form of ransom payment.

Given the island’s apparent fondness for Bitcoin, it is difficult to imagine this decision having any real lasting impact. For now, however, cryptocurrency advocates in Taiwan and elsewhere can only wait to see whether clearer heads ultimately prevail.

http://dcebrief.com/taiwan-declares-bitcoin-illegal/
legendary
Activity: 1932
Merit: 1111
DNotes
Found an update on Mt Gox. Not to drudge up the old Mt Gox debacle again, but I have been waiting for legitimate news to prove the theft had nothing to do with bitcoin itself because of the way the media had portrayed it. http://spectrum.ieee.org/tech-talk/computing/networks/the-mt-gox-bitcoin-debacle-an-update ... But there are areas where the experts are in full agreement. “The main problem with MtGox was not with the bitcoin technology, but with how the company was run,” said Nilsson. “It doesn’t matter if you use the strongest bank vault in the world if you leave the keys out.” ... Reich concurs. “This is about the bookkeeping at MtGox and not about the technology.”

member
Activity: 72
Merit: 10
This is disappointing, Taiwan declares Bitcoin illegal essentially because of a kidnapping that used Bitcoin for the ransom. Why don't they declare TWD illegal? I'm sure that is used in all other criminal activity.

https://www.cryptocoinsnews.com/bitcoin-declared-illegal-in-taiwan/



Youch, that is a bit harsh. I thought Taiwan was fairly friendly when it came to digital currency. I'm not sure how that will be helpful for the Taiwanese people. I'm sure this won't stop criminals from using digital currency, but will certainly prevent the average person from using it and prevent business and technology development in Taiwan.

I agree, quite harsh. I am sure there will be backlash and this will be reversed. I can only hope otherwise another bad press story on cryptocurrency. I do wish NEWS would report the good as well as the bad, but alas bad NEWS is what sells.


The Taiwanese government should have read the DNotes Educational Guide.  One of the questions in the quiz is: "Blaming bitcoin for criminal activity is like blaming kidnapping on cash."  True / False  

Even if the government official had answered false incorrectly, the app would have corrected their misconceptions.   Just saying...   Wink

I know huh, we will have to figure out a way to promote that a bit more. It's a great tool.

Yes I agree, we have sufficient content for the time being and the focus should shift to marketing. The press release worked well, perhaps another is in order with the price of Bitcoin on the move.

I would strongly advise against anyone marketing an app on Facebook, it's very deceptive. When you create a campaign and pay, it gives the option of paying per app install. However, when your campaign is up and running, you're charged per click. Which is kind of a ripoff if you have'nt exactly nailed down your key demographics yet. Facebook's "no more than 20% text in images rule" is also a pain in the ass if all of your logos contain text!

Wow, that is truly surprising. I thought Taiwan was a leader in the tech world. This could be very damaging for them.
legendary
Activity: 1932
Merit: 1111
DNotes
I hold my Dnotes,price for this altcoin always been high:-)

Thanks Faradey100, welcome to the DNotes forum.
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