Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 150. (Read 814541 times)

Bold headlines, great topics. Perhaps a positive spin is in order, if you are trying to inspire people and spread the word about digital currency and it's benefits.

Decentralize Your Wallet; Digital Currency Creates Financial Equality Worldwide
Financial Equality is Within Our Grasp; Bitcoin Leads the Way
(Should provide a good segue to informing people there is more than just bitcoin as well.)

Thinking about the other one... Maybe later today. 

I feel inclined to agree with you Alan,

After hitting 1800 words (which I plan to cull a few hundred) and having realised I need to expand on key points further and add in a key point I didn't explicitly explain, I now think I'll need to split into two articles. This is of course, after I already split my original topic into three articles, and then one of those articles, is now being split into two, but no biggie.

I'll let the community contribute towards potential titles for participation huh? Feel free to modify the following titles any which way.

"The Story You Aren't Being Told; How Fiat Money Causes Inequality"

[huge topic - but Fiat money sends money upwards - central banking works for only a select elite who don't contribute anything to the economy, they merely counterfeit money / are the first to spend it at everybody else's expense].

Crypto blows Fiat out of the water.

followed by:

"Fix Inequality Causes Not Symptoms; The Lack of Diversity Among The Academic Elite"

[Academics are overwhelmingly ill-disposed to free-markets, and nearly all studies are carried out by sociologist professors who perpetually spout the same nonsense that focuses on fixing inequality after the fact - by redistributing wealth from productive citizens who earn wealth fairly, rather than fixing the cause - the way fiat money sends wealth upwards by design to a wealthy elite who earn it illegitimately. The only word for it is theft. Fixing this will nip a lot of the inequality issue in the butt, and it won't affect people who earn exorbitantly high wages fair and square nor business entrepreneurs one bit.]

Lemme know your thoughts

http://dcebrief.com/in-cryptocurrencies-we-trust-evaluating-the-impact-on-exchange-and-value-in-a-trustless-system/

Alan, GET SOME REST!!! Your meeting sounds interesting. I would have like to be a fly on the wall for that one...

Understood. I do encourage you to post expanded comments. One global digital currency, as a supplement or alternative, for everyone to participate, including nations, is the best option and in the best interest of everyone. We envision that digital currencies will not replace national currencies but supplement them, especial to make the movement and the transfer of money and digital assets of value significantly more efficient and transparent. Additionally, it provides a viable option or alternative for those who strongly believe that the citizens of the world should have the alternative to be in control of their hard earned dollars and not be at risk of loosing them due to unfavorable political decisions.

From a technical standpoint, can Scotland create its digital currency? Absolutely. Is that the best option for the nation? Absolutely, not. I have made several posts on this subject previously and may want to expand on this subject at another time.

It was a long day for me yesterday; driving 2 hours to attend a meeting and  3 1/2 hours to come home. Fortunately, it was a great meeting with one of the top players in Blockchain technology. Quite an impressive young man in areas covering Blockchain technology, strategies and general business issues.

I will be extremely busy the next few days but will check in when I have a chance.

Thanks Bergman,

I'm going to consider making room for that point in my next article - more in a passing manner, since it is difficult to go into everything and substantiate it without things becoming really loooonnnng.

It's important to note money or creation of money is not an inherent government function.

I'm sure they could adopt an existing digital currency, create a new digital currency with full control, or create a new digital currency with zero control and fully decentralized.

Probably not, depending on where they stored their coins, and how they are handled. They set a limit after closing the banks and people went on a dash for cash withdrawing from ATM's.

Scotland Urged to Create its own Digital Currency


http://dcebrief.com/scotland-urged-to-create-its-own-digital-currency/


This sounds like a great suggestion, but if Scotland decides to use that advise and create its own digital currency, wouldn't they be giving up some amount of control? Is there any way a government authority could gain information or control of the currency? Take Greece for instance. They basically shut people out of their own bank accounts, allowing them only to withdraw a certain amount per day. Is that at all possible with Cryptocurrency at all?

I think you are right Dyna, it may take some time for people to recognize the implications.

"The sharing economy and distributed trust" - This is a very broad title, encompassing all of cryptocurrency, blockchain, and then some. This should positively be at the top of the list.

Yes, this is good news! Speaking of school, I have three currently in elementary school and they watch me when I go on exchanges and do buys/trades. I am already getting them started down the path of digital currency. I show them their CRISP for Kids savings and they see how it grows. They truly are very interested in it and how money is sent "through the air" as they say. You can never start them too early.

STANFORD UNIVERSITY COURSE COULD GROW BITCOIN COMMUNITY, SAYS PROFESSOR

https://www.cryptocoinsnews.com/stanford-university-course-grow-bitcoin-community/

Omg! This is great!!!

"If we can start turning out 100 students a year who are experts on Bitcoin, this will really start growing the community quickly which should lead to exciting new technical advances in the future."
 -Professor Joseph Bonneau


So when will high schools, better yet, middle schools start to teach on the subject??

Thanks, Grandmama. The fact of the matter is, a very large number of business owners struggled just to survive and to stay in business, in fear of not being able to find a job if they close down their business. They are also concerned, as often the case, that many family members and friends who worked for them would loose their jobs too.

Credit cards fees, high charge-backs, and very high credit card interest (up to 30%) are significant operating expenses of small businesses. When survival is at stake, with no better options available, no matter how frustrating, one accepts what is available to stay in business.

Small businesses in America and around the world need help in the form of alternatives that offer other form of payment options that are far less costly to conduct business.  DNotes is committed to be that available options. We want to do even more and are genuinely concerned about their underfunded retirement. CRISP For Retirement and CRISP Employee Incentive Benefits are designed for small business owners and their employees. Working with small business owners, including women small business, will soon be our area of focus.

     I think the vast majority of "money changers" are baffled by the blockchain and digital currency. Most of them have no idea what either one really entails.  I think we will see a lot of different reactions, most being a result of still thinking in a "fiat" way. I think it may take them quite some time to "get it".

     Smokey

Paypal will be forced to lower fees or they will be squished out by someone or some company that is willing to charge less. Companies who take credit cards, paypal, debit cards etc are tired of huge monthly fees just for accepting these are methods of payment. This is a HUGE cost for companies and specifically a huge cost to small businesses when the business volumn may not be large enough to get the "big company" volumn discounts.  Larger companies who can negociate large discounts because of volumn are at an advantage over small businesses who pay a higher price for accepting credit cards, simply because they do not have the volumn. When a credit card processor approaches a business they ask "What is your volumn of sales per year?". I ask what does that matter? If you don't do enough and are too small you are accessed a higher rate. Which in turn penalizes small business.  Who employs the most workers.... small business. That is why I have stated before the credit card companies and banks are making out like fat rats and they are doing it electronically, which is basically all automatic. And yes I know a person has to take care of the electronic portion of this. The credit card companies employ "customer service people" not people to transfer money around from the consumers account to the businesses account when a purchase is made. We all have had the customer service rep that we cannot understand as well. They are paying them peanuts.  As you can tell this is something that is personal as I see money snatched from my account each month for providing a service to "their" client.  Isn't that something, they sell the service to the consumer, the use of a credit card, then sell the service to me to accept that card, then charge my business for their customer using their service and if the consumer does not pay on time they charge them interest and a late fee.  They have got it made and have sold each of us on the idea.  Just think if crypto currency takes off... oh how I look forward to that day.  By the way my business accepts Bitcoin and DNotes as method of payment and for any small business out there I suggest they get with it and begin accepting it as well.  Just think if even at the beginning it is 5 to 10 percent who utilize digital currency and it grows from there.  The credit card thieves would feel the pinch. Another problem is the consumer does not have any idea (most generally) that the business gets charged for them to use that card. To the consumer it is free. Cannot wait until the day that most pay with digital currency.   

"The World Economic Forum (WEF) has identified blockchain technology as one of its six mega-trends in a new report broadly aimed at outlining the expected transition to a more digital and connected world."

It is certainly interesting, but should not be much of a surprise to us. From my prospective, if the six were ranked by magnitude and world changing implications, it should be the leader of the pack.

Kris, Bitcoin, DNotes or digital currency in general, and the Blockchain technology collectively will be causing a paradigm shift of seismic proportion that will be difficult to ignore.

Free market forces always weed out those who are too slow to response and adapt. The Internet technology revolution should an eye-opener for those who are not so sure what a disruptive technology could do. I trust that Paypal is well aware of that. Like many major banks, they will not just stay on the sideline and watch. They will participate in ways that serve their interest best.

This is a very interesting article in which the blockchain is one of six mega-trends identified by the World Economic Forum that will lead the transition to a more digital and connected world.


World Economic Forum Survey Projects Blockchain 'Tipping Point' by 2023

http://www.coindesk.com/world-economic-forum-governments-blockchain/



The Six Megatrends  from the report "Deep Shift: Technology Tipping Points and Societal Impact"

As a foundation to its work, the council sought to identify the software and services megatrends which are shaping society, and their associated opportunities and risks.

People and the internet - How people connect with others, information and the world around them is being transformed through a combination of technologies. Wearable and implantable technologies will enhance people’s “digital presence”, allowing them to interact with objects and one another in new ways.

Computing, communications and storage everywhere  -  The continued rapid decline in the size and cost of computing and connectivity technologies is driving an exponential growth in the potential to access and leverage the internet. This will lead to ubiquitous computing power being available, where everyone has access to a supercomputer in their pocket, with nearly unlimited storage capacity.

The Internet of Things  - Smaller, cheaper and smarter sensors are being introduced – in homes, clothes and accessories, cities, transport and energy networks, as well as manufacturing processes.

Artificial intelligence (AI) and big data  - Exponential digitization creates exponentially more data – about everything and everyone. In parallel, the sophistication of the problems software can address, and the ability for software to learn and evolve itself, is advancing rapidly.  This is built on the rise of big data for decision-making, andthe influence that AI and robotics are starting to have on decision-making and jobs.

The sharing economy and distributed trust  - The internet is driving a shift towards networks and platform-based social and economic models. Assets can be shared, creating not just new efficiencies but also whole new business models and opportunities for social selforganization.  The blockchain, an emerging technology, replaces the need for third-party institutions to provide trust for financial, contract and voting activities.

The digitization of matter  - Physical objects are “printed” from raw materials via additive, or 3D, printing, a process that transforms industrial manufacturing, allows for printing products at home and creates a whole set of human health opportunities.

Bergman - I did not think about the fact that companies like PayPal need crypto to stay relevant. What an eye-opening statement