Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 134. (Read 814547 times)

     
     I always thought that kind of odd. It seems as though everyone has it backwards. Cash is totally untrackable, and as "anonymous" as a transaction can be. Bitcoin is totally transparent, there is just not an "easy" or sure way to track it, as of now. You can be sure it is coming. In reality, bitcoin is the POLAR OPPOSITE of cash. With the proper software, and enough computing power, any Shatosi ever sent could be tracked. It won't be long, cash will be looked upon as the "stuff the bad guys use", while bitcoin will eventually become totally trackable and totally transparent, if someone wants to take the time and effort required to do so. When that happens, the "bad guys" will not be able to use it to help them break the law.

     Smokey

Funny, just ran across this "Because ransomware has found success on such a vast scale, Bonavolonta said attackers are likely to keep their demands low to maximise profit.", from this article: https://securityledger.com/2015/10/fbis-advice-on-cryptolocker-just-pay-the-ransom/ remembering our earlier conversation about Aria.

There are arguments for and against paying the ransom, as stated here http://www.coindesk.com/fbi-malware-victims-should-pay-bitcoin-ransoms/. Thinking through the Aria scenario, I might consider paying the ransom, wait for the bitcoin to move around, then offer a bounty. Ethical hackers would love this.

I might even suggest the FBI is recommending people pay the ransom, as they are working on a way to track down btc transactions. The more transactions that occur, the more evidence there will be to track the perpetrators. Even though the blockchain records all the transactions, there may or may not be sophisticated enough software to follow where they go, through mixers and such, but I'm positive such software is coming.

Eventually, if you have bitcoin, you want to be able to spend it. Spending it requires you to identify yourself in one way or another. Combine that with the inevitable blockchain trail of all transactions, no matter how you attempt to mask or mix your transactions, there will always be a trail to follow and given enough data someone will always be able to figure it out or even narrow it down to just a handful of people.

Mati, that is an interesting concept, I'll give it some thought.

Quote From Shepherd, Oct. 25, 2015-10-26


Did you know that CryptoMoms now has 12,020 Members?

It was at 11,000 not that many weeks ago.

Congratulations and a Big Welcome to all our new members!!!

Quote From TeeGee, Today at 02:45:18 AM

Cryptomoms growth rate is really impressive. It is clearly a web property that is gaining traction.

Looking forward to seeing what Cryptomoms has in store for phase 2 of its growth.

The industry working together to foster communication with regulators and other stakeholders is positive news, and I'm sure they'll find DCEBrief very valuable if we can contact the known members in the group.

Quote From DNotes, Today at 03:32:57 AM

CryptoMoms has a lot of potential. It is easy to look at it today and only see the educational and information site along with the forum, not give it a second look. Even today it is much more than that, we have created, along with everyone's help, a friendly and inviting environment for all who are interested in cryptocurrency to learn, ask questions, and share ideas and ideals. It is very exciting that it is growing in membership so rapidly.


Quote From Dyna Today:

We all can be proud of CryptoMoms for what it has accomplished. Until CryptoMoms was launched there have been many attempts by various women’s groups to have a venue to help promote women’s participation in the cryptocurrency world overwhelmingly dominated by men by a ratio of 95 men to 5 women. We are making a small difference through CryptoMoms, but that is only the beginning.

We are now reaching out to associations and organizations that have a mission to assist or organize women in some ways. We can use your help and we can use many volunteers. Please contact me (PM) if you like to help out.

Among various major projects I have been working on is the writing of  a book for small business owners, including start-ups. I am making every effort to make it instructional as well as inspirational. Small business owners worldwide are the engines in the creation of new jobs, yet the vast majority of them are in constant struggle to make ends meet in typically very stressful environment. There are a host of issues confronting them, among most commonly mentioned, being mounting regulations and increasing cost of doing business. Having spent 40 years either as a small businessman or assisting other business owners and I privileged to have gained some valuable skills and tools of which I am passionately committed to share. I certainly hope that many women small business owners can benefit from it. If all goes as planned I like to get it published in the first half of 2016. Below are a few unedited quotes:

“It is not where you are, but where you are going from here that matters. If you are already on top of your world, may be this book is not for you. Anyone else, any business that knows there is room for improvement will find this book thought provoking and helpful.  …………..

………………………as you are designing or redesigning your company, imagine that you are designing a complete functional system with many subsystems or components. To be exceptional, they must all work in unison, efficiently, generating the best performance consistently every time. 

……    Business is a gamble too, in the sense that outcomes are uncertain. However, here you can manage and to a large extent control your odds.  …
……………   what if you could reverse the odds in your favor.

Many failed to meet their goal due to the lack of a complete package. The ability and discipline to focus on “ALL” things and the passion to excel in every single department, function or business activity is critical to ensure optimum business success ………………. It is about the grand total of the final scores.

Everything is inter-related. A poor performance in one function is not isolated to that function. It degrades performance everywhere else. ……………………

Your wrist watch is a high precision closed system. Its accuracy is not dependent on its environment or interacts with it. A well engineered watch with many moving parts or subsystems gives you the same results every time. ……………..

Your business is an opened system. It is inter-related with its environment and must interact with it …….

… If you do not have the mindset that you must be equal to or better than the competition to begin with, you are not positioned to be the best in class. Since you think you can't be at least being equal to the competition, you are right. You can't. You have already set yourself up to be less than the best and will accept outcomes that are below the best…

In many ways, business is like a team sports. The paramount difference here is that you are the key player and the coach. The coach, the star player and the whole team must all want the championship, willing to push themselves to the limits and believe that irrespective of any setbacks, loosing games, bad game calls, you are all in to win the championship. ……..”


That should give you an idea on theme of the book.

DNotes is not just another digital currency. It is a currency with a purpose and a mission. I am fully committed and very passionate to do everything possible to ensure that DNotes will be the trusted digital currency for everyone worldwide to participate. It will provide an option or a choice to supplement, not replace any national or fiat currency. It will be a choice for small business owners to be their own bank and use any savings to help boost their retirement savings.

These are all big bold ideas but they are worthy missions for us all to pursue.

Thank you for this response. Although English is not my mother tongue, I am willing to help with the headlines. Headlines are particularly important and we should devote much attention to them. The headline I suggested to the poland issue - pulls the reader into the text because they ask themselves how come a sovereignty waits to instructions. it might seems to you not accurate, but when one analyzes the text they might agree that  in the end of the day - that is exactly what Poland wish to recieve from the big brother - regarding this text

CryptoMoms has a lot of potential. It is easy to look at it today and only see the educational and information site along with the forum, not give it a second look. Even today it is much more than that, we have created, along with everyone's help, a friendly and inviting environment for all who are interested in cryptocurrency to learn, ask questions, and share ideas and ideals. It is very exciting that it is growing in membership so rapidly.

Cryptomoms growth rate is really impressive. It is clearly a web property that is gaining traction.

Looking forward to seeing what Cryptomoms has in store for phase 2 of its growth.

The industry working together to foster communication with regulators and other stakeholders is positive news, and I'm sure they'll find DCEBrief very valuable if we can contact the known members in the group.

Did you know that CryptoMoms now has 12,020 Members?

It was at 11,000 not that many weeks ago.

Congratulations and a Big Welcome to all our new members!!!

Thanks again for the feedback Mati, everyone else for your comments and feedback as well. I meant to respond to this yesterday. We have been deliberating back and forth, what we decided is best would be that some stories will remain as short as one paragraph while others may warrant a longer write up at the writers discretion.

How about "BarCoin"

Still have mine and, it still works!

Couldn't find much either, very interested in seeing how they will set it up though.

It sounds as though they are still working out many of the finer points, including a name.

A city creating a cryptocurrency 

That will be interesting. I guess they didn't release too much information on what kind of specs the cryptocurrency will have?

     I remember the DTR!! The first time I met you, (Alan) you were using a DTR. That was before laptops. Before smart phones. Hell I cannot even remember life before laptops and smartphones! I do remember our first cell phone. (about '92 or 93). It was a bag phone, hard-mounted in my work pickup. The horn blew when the phone rang if the vehicle was not running. Very "high tech". At least it was then.

     Smokey

In this weeks digital currency recap:

European Court Exempts Bitcoin Exchange from VAT.
21 Inc Seeks Mining Circuitry Patent.
Jersey Moves Toward 2016 Digital Currency Standards.
Barcelona Preparing to Launch Local Cryptocurrency.

http://dcebrief.com/digital-currency-weekly-recap-10-25-2015/

Quote from: indiamikezulu on Today at 04:21:48 AM

This text is up on a closed site, but I'm also keen to have it up in this quiet corner.
 
The Elephant in The (Crypto) Room


Our resident naysayer has again ridiculed P2P. Let’s clarify the issue:

One: are automated exchanges – like Cryptsy – ‘free open public markets’? Not at all. They are whales, trading against their customers.

Two: can price discovery happen in a less-automated-exchange-centric model?

Well, it happened in a non-a-e-c model from the Neanderthal era until just a coupla hundred years ago.

Three: is a tight focus on trading -- automated-exchange trading -- detrimental to the development of a crypto?

Initially, no; but this point, it’s an existential threat. It signals clearly to outsiders that the crypto has a rape-n-run culture.

Four: can you elaborate?

Yup. Let’s consider an hypothetical crypto – ‘G-Coin.’

Is the G-Coin community oriented to making all potential users welcome?

Not at all! Theirs is an insular hyper-masculinist culture in which you can get away with saying things like [omitted]

Are they trying to increase trading-volume – and thereby somewhat decrease price volatility -- through committed merchant-network development?

Nuh.

Although the community professes hatred of the KYC/AML bastardry of the automated exchanges, are they developing P2P alternatives?

Nuh.

How broad is the community’s general participation in the crypto’s development?

Not broad at all. A few dedicated members do most of the work. The rest sit and wait for opportunities to turn a quick buck.

How cognizant are G-Coin folk about its relationship to cryptos that offer more, the so-called ‘2.0s’?

Completely oblivious! They’ve (publicly) bet the farm on Special Functions ‘X’ and ‘Y,’ which allow them to expect more return for less effort.

Conclusions?

One: the twilight phase has been entered when all hopes are pinned on (a) the present low price attracting new buyers, hopefully on (b) the new exchange.

Two: reputations are fragile: a couple more pump and dumps will leave G-Coin an illiquid low-cap 1.0 clearly unable to boot-strap itself back into the game.

Quote From Shepherd Today:

Mark, I am just dropping in to say hello but wished I had more time to response to this very interesting post.

In a simplistic way, this is quite typical of the early growth and development of a complex new industry. There will be lots of trials and errors leading to many adjustments; for better or for worse. Perhaps there are too many followers and not enough leaders. For sure, our industry will continue to evolve. At DNotes, we have a very clear mission in everything we do. We are committed to be the trusted digital currency for everyone worldwide to participate.

At this point, there is great confusion in our industry, with many even trying to re-brand themselves from "Bitcoin". Here is a long article that is giving us a glimpse of it:  

The great pivot? Or just this years froth?
Posted on October 16, 2015:

About a year ago I briefly explored the PR and branding challenges of Bitcoin, a topic that has been independently discussed by others:
http://www.ofnumbers.com/2015/10/16/the-great-pivot-or-just-this-years-froth/

I am interested in regulation that is intended to help protect consumers. The convoluted 30+ page BitLicense and $5,000 fee, for a single state is ludicrous. Just ask Google:

I tend to agree with you. While there are some areas of economic activity that I think could definitely benefit from little to no regulation, this seems to be one area that could benefit from at least a light touch of the regulatory hand. I included Deloitte's arguments because they are an important perspective, and one that I would hope regulators would consider before implementing the type of draconian regulatory regime some would no doubt like to see in place.

Good regulation that is well-balanced could help to inspire more confidence in the industry, while also helping with any perception problems that currently exist. There is a happy middle ground there that can allay any fears that crypto will facilitate crime in ways that dollar bills and euros cannot (silly fears, we know, but ones that exist nonetheless), and at the same time provide the industry with the type of peace of mind it needs to continue to innovate and grow.

So, yeah - I'm with you on that 100%.

I just read through the bitcoin recap from yesterday. The article on premature bitcoin regulation had some intriguing points.

1. The current interest in regulating Bitcoin far outweighs its current impact on the market. Noting that the total amount of Bitcoins in existence has a value less than $4 billion at present, and that the coin has relatively little market penetration, Deloitte argues that the amount of value presently at risk is not significant enough to warrant this level of regulatory interest.

2. This technology has received strong regulatory attention far earlier than other transformative technologies. Citing technologies such as the telephone, airplanes, radio, the mobile phone, and the internet, Deloitte reminds readers that each had at least two decades of unregulated development before government took an interest. By contrast, Bitcoin has been developing for little more than half a decade.

3. The true transformative power of Bitcoin has not even been realized yet. It is thus premature to institute regulatory schemes that could prevent the truly innovative transformations that are sure to come.

While I agree with all of these points, it seems like good regulation would help foster the technology more than no regulation. What do you guys think? No regulation vs good regulation?