A couple updates on DCEBrief:
Added a few new pages - Policies, About, Meet the Team, etc... Links are at the bottom of the page.
Working on some DCEBrief promotions.
-Submitted to news aggregates (Google, Bing, Yahoo, News360).
-Created social media accounts (Twitter, Facebook).
https://twitter.com/DCEBrief
https://www.facebook.com/DCEBrief (Still working on facebook page)
-Working on creating a site widget that one could add to their site to display DCEBrief content
-Thinking about adding a policy that will allow people to use our content with proper attribution.
What else can we do to promote the site?
Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 161. (Read 814541 times)
September 09, 2015, 11:03:37 AM
September 09, 2015, 09:24:20 AM
September 08, 2015, 09:57:38 PM
Another very impressive article. Love the title!
Great article and very clever title.
DCEBrief launch has gone very well with excellent press coverage. We are expecting even more to come.
September 08, 2015, 09:17:38 PM
Another very impressive article. Love the title!
September 08, 2015, 03:00:00 PM
Happy Tuesday everyone! Just wanted to say how much I appreciate this forum. It has been a necessary tool for learning the way digital currency works. YouTube has also been surprisingly helpful. Looking forward to better understanding every day. 
Happy Tuesday to you too!
You will be an expert in no time. I have learned so much in the last two years and still learning every day. I wouldn't have it any other way.
If you find anything that is a stumbling block or not explained well, please let us know so we can provide better instructions.
September 08, 2015, 11:21:59 AM
Happy Tuesday everyone! Just wanted to say how much I appreciate this forum. It has been a necessary tool for learning the way digital currency works. YouTube has also been surprisingly helpful. Looking forward to better understanding every day.
You too Kris! That is great, glad you are picking up a lot. If you happen to find any good videos to share, we have a thread on CryptoMoms for it:
http://cryptomoms.com/forum/general-discussion/9/cryptocurrency-video-thread/110/
If you haven't seen it already.
September 08, 2015, 11:12:00 AM
Happy Tuesday everyone! Just wanted to say how much I appreciate this forum. It has been a necessary tool for learning the way digital currency works. YouTube has also been surprisingly helpful. Looking forward to better understanding every day.
September 08, 2015, 11:01:43 AM
Two more popular sites, Visual Strategy Magazine and Consumer Electronics Net.
http://www.virtual-strategy.com/2015/09/02/bitcoin-alternative-dnotes-launches-dcebriefcom-digital-currency-executive-brief-news-por#axzz3kqg4wuTy
http://www.consumerelectronicsnet.com/article/Bitcoin-Alternative-DNotes-Launches-DCEBriefcom-Digital-Currency-Executive-Brief-News-Portal-4050860
September 08, 2015, 06:56:16 AM
Answer: DNotes (hands down!)
Which Cryptocurrency Should You Invest In?
After the rise of bitcoin a few years back, a number of other cryptocurrency versions have popped up, each promising to have better or more features than the rest. These days you have bitcoin, litecoin, darkcoin, dogecoin, and many others to choose from. Which one should you invest in?
Trading or investing in cryptocurrency markets has been appealing mostly for the high potential return-on-investment due to the inherent volatility. Of course this also comes with higher risks, which is why it’s important to figure out which market is best to invest in.
Cryptocurrency Factors
One of the biggest factors involved in choosing which cryptocurrency to invest in is its stability. It has been relatively easy to create various versions of altcoins these days, although some haven’t lasted much long due to a small market or weaknesses in the development process itself. Take note that prominent cryptocurrencies such as bitcoin and litecoin have been created by a dedicated and active team of developers mostly through SHA-256 and Scrypt.
Keep in mind though that, despite the large network and it’s time in existence, bitcoin has still been encountering roadblocks here and there. In particular, the block size debate has led to the creation of a hard fork in the system, resulting to two different versions of the software and blockchain. This could expose more weaknesses down the line, forcing some traders to divest from this market recently.
Another important factor to consider is how the developers of the cryptocurrency provide support or interact with the community. A more transparent community engagement fosters stronger trust in the network, which could be the key for stronger prominence and more gains in value.
Lastly, despite most cryptocurrencies being decentralized and its transactions anonymous, it also helps to see a bit of transparency in the industry. Knowing who exactly is accountable for any creations or changes in the system also enhances reliability and investment value.
http://www.newsbtc.com/2015/09/07/which-cryptocurrency-should-you-invest-in/
This article is too brief and limited in scope. Investing in infrastructure is like building the foundation of a nice house. DNotes is still heavily investing in foundation building because of its long term commitment to be a trusted global digital currency for everyone worldwide to participate. Others may not care for much of a foundation and already have a pretty house to show for. We are all creating something of value, but our philosophy and time prospective may be noticeably different. That may be another investment consideration.
September 08, 2015, 06:36:03 AM
Thanks for your comment Alan. I throw my ideas to this Discussion arena for main projects that might bring to DNOTES further character and media spot. this is not to be the end of talks but the begining of a common thinking process. that is the nature of my ideas till now:--- EGE (earth global economy), a global association of the (all main) digital currencies leaders, Global New Economy, a Daily newspaper focusing on the new global economy, tech, society, politics etc of the new era of the digital currencies, COMMUNITY DONATION of DNOTES to main aims - for example now: the Exodus of mass refugees to Europe.
Hello friends,
I have an idea: let's raise among our community--- DNOTES donation--- to the refugees that streaming to Europe out of the destruction and combat fields. we can deliver this ---DNOTES donation--- to one of the assistance org on behalf our community and leading team name. this will light DNOTES's social feature and in addition might bring us some media spot. if this idea accepted, we can ask our each community's friend/member to contribute their part - collect it - and deliver. what is your opinion?
This article pre-dates the 2008-09 financial crisis and the dawn of bitcoin, but it gives you something to think about now that we are beginning the age of global digital currencies. I don't think a single worldwide currency will ever happen or is even a good idea, but I do think having the option of a global currency like DNotes is the best idea.
I haven't looked very far to see what the author thinks of bitcoin now, but he did make the usual comments (an article from 2013) about bitcoin's lack of trust, volatility, gambling, speculation, etc.
A Single Global Currency
"...US$400 billion of annual transaction and exchange costs will be eliminated" - The Single Global Currency (book)
"The book also argues that if we had a single global currency, worldwide assets would increase by about $36 trillion"
The article goes on to explain how a single currency would help eliminate global imbalances, crises and speculation, etc.
http://www.ecommercetimes.com/story/58347.html
A trusted global digital currency as an alternative to existing fiat currencies that is available for everyone worldwide to participate is a very different mission with starkly different ultimate goals. It is designed to be a choice for the world population to have an alternative, almost as an insurance policy, if 1) their own sovereign currency failed or devalued drastically due to bad governance or economic conditions beyond their control or whatever the case may be, 2) as a medium of exchange to conduct global commerce between two parties with nearly zero transaction cost anywhere worldwide, and 3) as an opportunity for anyone worldwide to participate for potentially high risk/high returns even with small regular savings for millions who normally have little left that is sufficiently meaningful to save.
Informed scholars and common reasonable people will agree that fiat currencies have always been abused by governments and political leadership around the world. It is not a new phenomenon. It has always been that way and will continue to be so. The open debate will be the intensity. It can get worse and it can get better. As a whole, on a global scale, it is more likely than not to get worse as political leaders continue to make more promises of hand-outs with the full knowledge of governments’ inability to fulfill the immense financial burdens accumulated over generations of irresponsible political leaderships.
Yes, a single world currency would be the ultimate in "too big to fail", and I'm sure we all agree, it's a bad idea. My interest in this story came from the fact that it pre-dates bitcoin and was wondering if the views of both authors would be different if there had been viable global digital currencies at the time. Governments will never give up control of their fiat currency, but a stable, trusted global digital currency could help with some of problems the authors are claiming a single world currency could fix.
If I ever find some spare time, I would also like to read the book just to hear the author's view and see how digital currency might change it.
That could be an interesting book to read. The fact that it pre-dates Bitcoin makes it even more impressive. When we are ready to write a book on how much money could be saved in global commerce if DNotes gained mass acceptance worldwide, that figure will be many times larger than the US$400 billion. It is ironic, that we are actually designing the necessary building blocks to make that happen. Moreover, quite a few of those building blocks have already been laid. Frankly, there are not too many original ideas anymore. They evolve, refined and get better.
Great idea, Mati. May be just a little too soon. Perhaps in another year or two we will be launching CRISP For Charity, at which time we will be very interested in playing an active role in global relief situations. We are very disciplined in any commitment we made and must be certain that we are not just getting something done with good intention but at the right time. Now that I have developed a fairly solid network, I am actively working with many potential partners. Charities of such scale is best to be done with strategic partners already with the necessary ground game in play.
I have been around in this challenging business world for a long time and have learned early enough that it is not so much how many things we get to do but how well those projects will work our. Our limited resources will soon focus on promoting CryptoMoms, DCEBrief, DNotesVault and our family of CRISPs. We are actively seeking strategic partnership, including many women organizations.
I agree, Mati. DNotes is innovative and pro-active, as best reflected in what we have accomplished in just one and one half years. Being able to think ahead and continuously come up with great ideas as to what else we could be doing in order to accomplish or mission and overall objectives is a very good thing. We certainly encourage that. Keep up the good work. Thanks.
September 08, 2015, 02:23:36 AM
Thanks for your comment Alan. I throw my ideas to this Discussion arena for main projects that might bring to DNOTES further character and media spot. this is not to be the end of talks but the begining of a common thinking process. that is the nature of my ideas till now:--- EGE (earth global economy), a global association of the (all main) digital currencies leaders, Global New Economy, a Daily newspaper focusing on the new global economy, tech, society, politics etc of the new era of the digital currencies, COMMUNITY DONATION of DNOTES to main aims - for example now: the Exodus of mass refugees to Europe.
Hello friends,
I have an idea: let's raise among our community--- DNOTES donation--- to the refugees that streaming to Europe out of the destruction and combat fields. we can deliver this ---DNOTES donation--- to one of the assistance org on behalf our community and leading team name. this will light DNOTES's social feature and in addition might bring us some media spot. if this idea accepted, we can ask our each community's friend/member to contribute their part - collect it - and deliver. what is your opinion?
This article pre-dates the 2008-09 financial crisis and the dawn of bitcoin, but it gives you something to think about now that we are beginning the age of global digital currencies. I don't think a single worldwide currency will ever happen or is even a good idea, but I do think having the option of a global currency like DNotes is the best idea.
I haven't looked very far to see what the author thinks of bitcoin now, but he did make the usual comments (an article from 2013) about bitcoin's lack of trust, volatility, gambling, speculation, etc.
A Single Global Currency
"...US$400 billion of annual transaction and exchange costs will be eliminated" - The Single Global Currency (book)
"The book also argues that if we had a single global currency, worldwide assets would increase by about $36 trillion"
The article goes on to explain how a single currency would help eliminate global imbalances, crises and speculation, etc.
http://www.ecommercetimes.com/story/58347.html
A trusted global digital currency as an alternative to existing fiat currencies that is available for everyone worldwide to participate is a very different mission with starkly different ultimate goals. It is designed to be a choice for the world population to have an alternative, almost as an insurance policy, if 1) their own sovereign currency failed or devalued drastically due to bad governance or economic conditions beyond their control or whatever the case may be, 2) as a medium of exchange to conduct global commerce between two parties with nearly zero transaction cost anywhere worldwide, and 3) as an opportunity for anyone worldwide to participate for potentially high risk/high returns even with small regular savings for millions who normally have little left that is sufficiently meaningful to save.
Informed scholars and common reasonable people will agree that fiat currencies have always been abused by governments and political leadership around the world. It is not a new phenomenon. It has always been that way and will continue to be so. The open debate will be the intensity. It can get worse and it can get better. As a whole, on a global scale, it is more likely than not to get worse as political leaders continue to make more promises of hand-outs with the full knowledge of governments’ inability to fulfill the immense financial burdens accumulated over generations of irresponsible political leaderships.
Yes, a single world currency would be the ultimate in "too big to fail", and I'm sure we all agree, it's a bad idea. My interest in this story came from the fact that it pre-dates bitcoin and was wondering if the views of both authors would be different if there had been viable global digital currencies at the time. Governments will never give up control of their fiat currency, but a stable, trusted global digital currency could help with some of problems the authors are claiming a single world currency could fix.
If I ever find some spare time, I would also like to read the book just to hear the author's view and see how digital currency might change it.
That could be an interesting book to read. The fact that it pre-dates Bitcoin makes it even more impressive. When we are ready to write a book on how much money could be saved in global commerce if DNotes gained mass acceptance worldwide, that figure will be many times larger than the US$400 billion. It is ironic, that we are actually designing the necessary building blocks to make that happen. Moreover, quite a few of those building blocks have already been laid. Frankly, there are not too many original ideas anymore. They evolve, refined and get better.
Great idea, Mati. May be just a little too soon. Perhaps in another year or two we will be launching CRISP For Charity, at which time we will be very interested in playing an active role in global relief situations. We are very disciplined in any commitment we made and must be certain that we are not just getting something done with good intention but at the right time. Now that I have developed a fairly solid network, I am actively working with many potential partners. Charities of such scale is best to be done with strategic partners already with the necessary ground game in play.
I have been around in this challenging business world for a long time and have learned early enough that it is not so much how many things we get to do but how well those projects will work our. Our limited resources will soon focus on promoting CryptoMoms, DCEBrief, DNotesVault and our family of CRISPs. We are actively seeking strategic partnership, including many women organizations.
September 07, 2015, 07:09:17 PM
Answer: DNotes (hands down!)
Which Cryptocurrency Should You Invest In?
After the rise of bitcoin a few years back, a number of other cryptocurrency versions have popped up, each promising to have better or more features than the rest. These days you have bitcoin, litecoin, darkcoin, dogecoin, and many others to choose from. Which one should you invest in?
Trading or investing in cryptocurrency markets has been appealing mostly for the high potential return-on-investment due to the inherent volatility. Of course this also comes with higher risks, which is why it’s important to figure out which market is best to invest in.
Cryptocurrency Factors
One of the biggest factors involved in choosing which cryptocurrency to invest in is its stability. It has been relatively easy to create various versions of altcoins these days, although some haven’t lasted much long due to a small market or weaknesses in the development process itself. Take note that prominent cryptocurrencies such as bitcoin and litecoin have been created by a dedicated and active team of developers mostly through SHA-256 and Scrypt.
Keep in mind though that, despite the large network and it’s time in existence, bitcoin has still been encountering roadblocks here and there. In particular, the block size debate has led to the creation of a hard fork in the system, resulting to two different versions of the software and blockchain. This could expose more weaknesses down the line, forcing some traders to divest from this market recently.
Another important factor to consider is how the developers of the cryptocurrency provide support or interact with the community. A more transparent community engagement fosters stronger trust in the network, which could be the key for stronger prominence and more gains in value.
Lastly, despite most cryptocurrencies being decentralized and its transactions anonymous, it also helps to see a bit of transparency in the industry. Knowing who exactly is accountable for any creations or changes in the system also enhances reliability and investment value.
http://www.newsbtc.com/2015/09/07/which-cryptocurrency-should-you-invest-in/
September 07, 2015, 06:05:26 PM
Excellent article. Good to know that even local and state governments are beginning to see the immense value of the technology. A trusted global digital currency for every worldwide to participate has immense value for humanity. We are very passionate in our mission to accomplish that ultimate goal.
I agree, it is an excellent article and perfect for DCEBrief. Great choice for the picture - it is breathtaking!
Hartford Connecticut, beautiful city.
September 07, 2015, 05:30:59 PM
Excellent article. Good to know that even local and state governments are beginning to see the immense value of the technology. A trusted global digital currency for every worldwide to participate has immense value for humanity. We are very passionate in our mission to accomplish that ultimate goal.
I agree, it is an excellent article and perfect for DCEBrief. Great choice for the picture - it is breathtaking!
September 07, 2015, 04:52:41 PM
Excellent article. Good to know that even local and state governments are beginning to see the immense value of the technology. A trusted global digital currency for every worldwide to participate has immense value for humanity. We are very passionate in our mission to accomplish that ultimate goal.
September 07, 2015, 04:39:46 PM
Wow! Sounds familiar. But “Have a Bitcoin Association” 4 BIG BOYS – “the largest companies - Coinbase, BitPay, Circle, Xapo - they should all kind of work together and talk more among each other.” That would be quite an Industry Association! Interesting!!! They must be living in a very small world where only size matters.
That inspires me even more to keep coming up with currency neutral sites like CryptoMoms and DCEBrief as industry solutions promoting mutual respect among our industry peers irrespective their size or power of influence. I wish I have time left to form our version of an industry association. If someone from our industry will take the lead, you can count on my support.
**************************************
4 of Bitcoin's Most Powerful Corporations May Consider Joining Forces
Sonny Singh, the CCO of BitPay looks to build a coalition of leading Bitcoin companies to boost Bitcoin’s public image and bring Bitcoin’s talents to the masses.
Stumbling block
Bitcoin has many things going for it. It provides a secure, smartphone-compatible online payment network right when the security of traditional payments systems is falling apart, worldwide. It moves money in seconds when standard wire systems still take days. Bitcoin even limits its own supply to instill appreciation into its own economic formula for success, long-term. It solves many, many problems that plague the status quo everyday, yet it can’t seem to solve its own problems.
The mainstream just isn’t ready for it, and aren’t biting. Only the most forward-thinking, tech-savvy minds are in the Bitcoin space right now. That might soon change if BitPay’sCCO has his way. This stumbling block may not last very much longer, as he looks to build a coalition to strengthen Bitcoin’s public image and bring Bitcoin’s talents to the masses.
A Fantastic 4 of Bitcoin
Sonny Singh, the chief commercial officer of BitPay mused to IBTimes of the UK about the potential synergy that could rebuild Bitcoin’s public image. Venture capital is flooding into the Bitcoin industry, doubling last year’s total investment already. Bitcoin is attracting the best and brightest minds in technology, economics and business. Mainstream adoption is still a long ways off, and Singh sees a way to shorten the curve. Singh proposed to:
"Have a Bitcoin Association. Like in America they used to have those commercials for milk: 'Milk does the body good.' That was a very powerful thing. I think a problem Bitcoin faces is that the largest companies - Coinbase, BitPay, Circle, Xapo - they should all kind of work together and talk more among each other.”
Bitcoin’s biggest weakness is its greatest strength, the lack of a centralized leadership. A leader could put a public face on the super-technical protocol. Governments aren’t just militaries and economists, they are people first, most of the time. No one looks after the public image of Bitcoin, defending it from attacks from all sides. Bitcoin is just a system of systems, like the Internet. No one educates the masses on a grand scale or promotes its greatest achievements.
This lack of leadership is also an asset when it comes to the overall security of the system, preventing private interests from destroying such a revolutionary, disruptive system. It’s a double-edged sword.
“(It shouldn’t be about) marketing for their company, but marketing about Bitcoin: 'Why a normal person would use bitcoin, how it can be used,” Singh went on. ”Getting the word out there - working together. You've got all this money people have raised. Let's try to promote the community.”
Visa and Mastercard have been competitors for over 30 years but have managed to work together on initiatives that have helped the entire card industry. Years ago the EMV, or Eurocrat Mastercard and Visa, using Chip Card technology, enhanced consumer fraud protection by being built into the cards themselves. Adoption becomes an afterthought when the two largest payment corporations work together for the greater good of consumers and the industry. Bitcoin should think the same way, according to Singh. He said:
"In the Bitcoin industry it would be great to see Coinbase and Blockchain work together; the wallet vendors and the processors all work together. I mean if Coinbase or Xapo wins, that means everybody is going to win anyway probably. I mean, Visa and MasterCard are competitors right, but they still manage to work on some standards together.”
Unfortunately, nothing has been brokered as of yet. This was more of a thinking-out-loud kind of proposition through the mainstream media by Singh, to get the ball rolling. Good ideas are best shared. This could be the start of something big in Bitcoin’s immediate future. We’ll keep you posted on any developments.
Source: http://cointelegraph.com/news/115232/4-of-bitcoins-most-powerful-corporations-may-consider-joining-forces
That inspires me even more to keep coming up with currency neutral sites like CryptoMoms and DCEBrief as industry solutions promoting mutual respect among our industry peers irrespective their size or power of influence. I wish I have time left to form our version of an industry association. If someone from our industry will take the lead, you can count on my support.
**************************************
4 of Bitcoin's Most Powerful Corporations May Consider Joining Forces
Sonny Singh, the CCO of BitPay looks to build a coalition of leading Bitcoin companies to boost Bitcoin’s public image and bring Bitcoin’s talents to the masses.
Stumbling block
Bitcoin has many things going for it. It provides a secure, smartphone-compatible online payment network right when the security of traditional payments systems is falling apart, worldwide. It moves money in seconds when standard wire systems still take days. Bitcoin even limits its own supply to instill appreciation into its own economic formula for success, long-term. It solves many, many problems that plague the status quo everyday, yet it can’t seem to solve its own problems.
The mainstream just isn’t ready for it, and aren’t biting. Only the most forward-thinking, tech-savvy minds are in the Bitcoin space right now. That might soon change if BitPay’sCCO has his way. This stumbling block may not last very much longer, as he looks to build a coalition to strengthen Bitcoin’s public image and bring Bitcoin’s talents to the masses.
A Fantastic 4 of Bitcoin
Sonny Singh, the chief commercial officer of BitPay mused to IBTimes of the UK about the potential synergy that could rebuild Bitcoin’s public image. Venture capital is flooding into the Bitcoin industry, doubling last year’s total investment already. Bitcoin is attracting the best and brightest minds in technology, economics and business. Mainstream adoption is still a long ways off, and Singh sees a way to shorten the curve. Singh proposed to:
"Have a Bitcoin Association. Like in America they used to have those commercials for milk: 'Milk does the body good.' That was a very powerful thing. I think a problem Bitcoin faces is that the largest companies - Coinbase, BitPay, Circle, Xapo - they should all kind of work together and talk more among each other.”
Bitcoin’s biggest weakness is its greatest strength, the lack of a centralized leadership. A leader could put a public face on the super-technical protocol. Governments aren’t just militaries and economists, they are people first, most of the time. No one looks after the public image of Bitcoin, defending it from attacks from all sides. Bitcoin is just a system of systems, like the Internet. No one educates the masses on a grand scale or promotes its greatest achievements.
This lack of leadership is also an asset when it comes to the overall security of the system, preventing private interests from destroying such a revolutionary, disruptive system. It’s a double-edged sword.
“(It shouldn’t be about) marketing for their company, but marketing about Bitcoin: 'Why a normal person would use bitcoin, how it can be used,” Singh went on. ”Getting the word out there - working together. You've got all this money people have raised. Let's try to promote the community.”
Visa and Mastercard have been competitors for over 30 years but have managed to work together on initiatives that have helped the entire card industry. Years ago the EMV, or Eurocrat Mastercard and Visa, using Chip Card technology, enhanced consumer fraud protection by being built into the cards themselves. Adoption becomes an afterthought when the two largest payment corporations work together for the greater good of consumers and the industry. Bitcoin should think the same way, according to Singh. He said:
"In the Bitcoin industry it would be great to see Coinbase and Blockchain work together; the wallet vendors and the processors all work together. I mean if Coinbase or Xapo wins, that means everybody is going to win anyway probably. I mean, Visa and MasterCard are competitors right, but they still manage to work on some standards together.”
Unfortunately, nothing has been brokered as of yet. This was more of a thinking-out-loud kind of proposition through the mainstream media by Singh, to get the ball rolling. Good ideas are best shared. This could be the start of something big in Bitcoin’s immediate future. We’ll keep you posted on any developments.
Source: http://cointelegraph.com/news/115232/4-of-bitcoins-most-powerful-corporations-may-consider-joining-forces
September 07, 2015, 11:21:13 AM
Hello friends,
I have an idea: let's raise among our community--- DNOTES donation--- to the refugees that streaming to Europe out of the destruction and combat fields. we can deliver this ---DNOTES donation--- to one of the assistance org on behalf our community and leading team name. this will light DNOTES's social feature and in addition might bring us some media spot. if this idea accepted, we can ask our each community's friend/member to contribute their part - collect it - and deliver. what is your opinion?
This article pre-dates the 2008-09 financial crisis and the dawn of bitcoin, but it gives you something to think about now that we are beginning the age of global digital currencies. I don't think a single worldwide currency will ever happen or is even a good idea, but I do think having the option of a global currency like DNotes is the best idea.
I haven't looked very far to see what the author thinks of bitcoin now, but he did make the usual comments (an article from 2013) about bitcoin's lack of trust, volatility, gambling, speculation, etc.
A Single Global Currency
"...US$400 billion of annual transaction and exchange costs will be eliminated" - The Single Global Currency (book)
"The book also argues that if we had a single global currency, worldwide assets would increase by about $36 trillion"
The article goes on to explain how a single currency would help eliminate global imbalances, crises and speculation, etc.
http://www.ecommercetimes.com/story/58347.html
A trusted global digital currency as an alternative to existing fiat currencies that is available for everyone worldwide to participate is a very different mission with starkly different ultimate goals. It is designed to be a choice for the world population to have an alternative, almost as an insurance policy, if 1) their own sovereign currency failed or devalued drastically due to bad governance or economic conditions beyond their control or whatever the case may be, 2) as a medium of exchange to conduct global commerce between two parties with nearly zero transaction cost anywhere worldwide, and 3) as an opportunity for anyone worldwide to participate for potentially high risk/high returns even with small regular savings for millions who normally have little left that is sufficiently meaningful to save.
Informed scholars and common reasonable people will agree that fiat currencies have always been abused by governments and political leadership around the world. It is not a new phenomenon. It has always been that way and will continue to be so. The open debate will be the intensity. It can get worse and it can get better. As a whole, on a global scale, it is more likely than not to get worse as political leaders continue to make more promises of hand-outs with the full knowledge of governments’ inability to fulfill the immense financial burdens accumulated over generations of irresponsible political leaderships.
Yes, a single world currency would be the ultimate in "too big to fail", and I'm sure we all agree, it's a bad idea. My interest in this story came from the fact that it pre-dates bitcoin and was wondering if the views of both authors would be different if there had been viable global digital currencies at the time. Governments will never give up control of their fiat currency, but a stable, trusted global digital currency could help with some of problems the authors are claiming a single world currency could fix.
If I ever find some spare time, I would also like to read the book just to hear the author's view and see how digital currency might change it.
That could be an interesting book to read. The fact that it pre-dates Bitcoin makes it even more impressive. When we are ready to write a book on how much money could be saved in global commerce if DNotes gained mass acceptance worldwide, that figure will be many times larger than the US$400 billion. It is ironic, that we are actually designing the necessary building blocks to make that happen. Moreover, quite a few of those building blocks have already been laid. Frankly, there are not too many original ideas anymore. They evolve, refined and get better.
Great idea, Mati. May be just a little too soon. Perhaps in another year or two we will be launching CRISP For Charity, at which time we will be very interested in playing an active role in global relief situations. We are very disciplined in any commitment we made and must be certain that we are not just getting something done with good intention but at the right time. Now that I have developed a fairly solid network, I am actively working with many potential partners. Charities of such scale is best to be done with strategic partners already with the necessary ground game in play.
I have been around in this challenging business world for a long time and have learned early enough that it is not so much how many things we get to do but how well those projects will work our. Our limited resources will soon focus on promoting CryptoMoms, DCEBrief, DNotesVault and our family of CRISPs. We are actively seeking strategic partnership, including many women organizations.
September 07, 2015, 10:27:05 AM
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