I totaly agree with you. as for DNOTES, that was exactly what pull me into this amazing journey: the social attitude which reflected from the lines of Allan, at the first time I read him. I think that this attitude is the deep identity of digital currencies in general, and DNOTES see this better than others. that is why DNOTES progress is more significant, and I guess that is why DNOTES win being 1st on CRYPTSY vote as well. as a matter of fact, I would be happy if DNOTES would take additional social significant step on the future, for example a community step toward AFRICA and the huge poverty AFRICA experienced on the old national currency system. thanks for this conversation
The hesitation of the majority to deal with digital currency is totaly understandable. this is the normal behavior of the majority. in any revolution, the pioneers come first, while the majority is hesitating, and only after a breakthrough - a great mass of people join the new trip. but their step is only the last step, it is never the first one. these people wouldn't invent any change in our life. if the world would be depended on their leadership, there is no doubt that smartphones, internet, social pages, digital coins ect', wouldn't ever happend in reality - if these majority would have the chance to lead the world.
now, a real change is when the difference between the old and the new is sharp and clear - as almost a picture. I don't think that any of pioneers would bother themselves to invent something that is only improving the old item. and even if they would, the improvement of such thing would never reach so deep surprise as the appearance of bitcoin has recieved. only something that is shine because it's so innovative and so different in thought from the old ---can get so many exclamations.
the insight behind the DC is that money is nothing, there isn't any real value in money apart of the social consensus and consent to give it value. this sentence can raise many fears among the majority because it can break their life. but once they accept this, they will be prepared to accept the digital currency, with it's new rules and institutions
Hello Kanus, My view regarding the relations between the national currencies and the digital currencies is not as yours. I think that the digital currencies -and sure the first one-the bitcoin - deliverd with no central bank, no interest, no additional printing, no culture, no borders and so on. this way of delivery expresses clearly an opposition or alternative - at least in mind - to the old national currencies. sure that this is only expression of mind, because the new money can't replace the old one yet: the 2 main currencies have together 110 million coins which is less than USA spend (guess) for annually office supplies. my view is that when the time comes to arrange the field of digital currencies in institutional means (my offer for this aim was the creation of EGE - global monetary DG association) - than the mind expression will be shown as a reality to be placed along the coming decades
Here are some more dcebrief concepts, there is some overlap with previous ideas.
Digital currency is not anti-government, nor is it anarchist by nature. In fact, by design it is very well aligned with the principles of the United States founding fathers and I would venture to say the majority of the today's world population. "The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations." - Quoted from the 28 Fundamental Principles of the Founding Fathers
Digital currency has a predetermined issuance rate that is easy to understand and 100% transparent. Unlike issuance of fiat currency, the process is often convoluted and highly manipulated, and you practically need a degree in economics to tie everything together and truly understand what is going on (smoke and shadows).
As we progress as a civilization, our economic future should be getting better, but it is getting worse. I won't say digital currency is the answer to everything, but it can level the playing field a bit.
Expanding on the idea of what digital currency is backed by from my point of view... Digital currency is backed by computational power, electricity, and time (through a predetermined issuance rate using a regulatory algorithm).
Hi Mati, i respect the challenge. Governments job is to govern, regulate, protect, create laws and enforce them. Government issued, or arguably government regulated, currency came about out of necessity, because money issuance couldn't regulate itself. Now it can, making it only necessary for government to find ways to protect people against other people instead of controlling money. In that view, you can be pro digital currency and also pro government and regulation. I think some people's hesitation towards digital currency is that it makes you anti-government or anarchist, and I was trying to address that by demonstrating you don't have to be anti-government to be pro digital currency.
Government protecting its nations economy is another story. Does it need to in a world where digital currency is globally accepted and fiat is not needed? If so, how would that be accomplished?
The process of change involving an individual, group, state, nation, or the world for this matter takes time. There is always “hesitation of the majority” at the early stage, as you correctly pointed out. Mati.
In the case of Digital Currency, it started with the creator, Satoshi Nakamoto in 2009 with the support of a few close to him who found his concept of distributed consensus ledger to create e-cash interesting and of some value. We are still at the early adoption stage. DNotes is committed to help shape the currency side of this amazing technology revolution we believe will provide viable solutions in confronting various global challenges we are facing today. There is massive economic inequality on a worldwide scale. A truly trusted global digital with mass acceptance is the best tool available and will go a long way in providing better social economic inclusion and opportunities for all. DCEBrief will help bring forth clarify on issues that matter
Thank you Mati, glad to have you. As we strengthen, we may be able to work with organizations like the HIPC to address issues facing countries in economic distress.
There are some interesting concepts being put forward here. I think that advertising the opportunities digital currency brings to business and government, and stating how complementary it can be to the powers that be would be the best strategy. I've never thought of digital currency as something that anarchists would like, it is just a decentralized model in which nobody has any power over any other player (true equality), which anarchists (the free-market types) have a natural propensity to be drawn to. At this stage, everybody is beginning to see the advantages of digital currency beyond reducing government / banking influence over our money (which should be non-negotiable - we don't need economic hitmen any longer). I don't know what the future of 'government' will look like, despite how much I enjoy philosophising about it, but at the end of the day that conversation will not move DNotes forward. Only promoting the strengths and opportunities that a global digital currency presents for people who partake in all lines of work will benefit DNotes' cause. Over the next while, it will be our job to get DNotes reputation and appeal to that 'tipping point' when everybody decides they wish to begin using this new global currency of the future.
DYNA is doing a great job repeating a very consistent message for old and new stakeholders alike; a global digital currency is necessary, and DNotes is that currency. I also like what Kanus said about digital currency being 100% transparent, and unlike fiat, doesn't require fancy (rubbish) economics degrees to follow and understand (which they still don't). Essentially, we should be painting and creating digital currency as 'easy to understand money', that renders a lot of modern economics obsolete - allowing a new testable environment, and theories of stability to emerge.
And Mati, I think a global currency will do A LOT to help people living in impoverished countries, especially if CRISP for Charity is set up in an investment manner that earns a return until 1 DNote is enough to buy something of value in those countries. Hypothetically, I'm thinking that when the price of DNotes is low (like right now), everybody throws whatever they feel comfortable into a CRISP for Charity. DNotes then partners up with a mobile carrier to organize and run a "turn in your old smartphone for digital currency credit against your phone bill" or something (I mean, this is years away, and hypothetical). The phones are then distributed, loaded with wallets and 1 DNote. By this time, DNotes will be worth many times what it is now, and so depending on how much this rise is, the new default transaction volume will be either:
(1 DNote = 1 DNote)
1 CNote = 0.01 DNote (Centi-Note)
1 MNote = 0.001 DNote (MilliNote)
1 μNote = 0.000001 Dnotes (MicroNote)
So while what is today 1 DNote will be put into their wallet, and that 1 DNote will buy perhaps a singular sweet at a convenience store, within 5 years, that 1 DNote will be broken up into say, Milli-Notes, and each Milli-Note will make it possible for African citizens to purchase and trade for items like bread.
The value of this currency would be set world-wide, so regardless of African nations' local economic struggles, debt problems etc, their citizens will still have this currency to trade with one another - the fact that they can sell it at an exchange for their local currency gives it tradable value. It may not be entirely necessary to wait until DNotes are worth lots to send them over to African communities however, all that is required is the hope that the DNotes stay in African communities for the long term while the they rise in value. It would be like African communities experience 'deflation' for the first time in their lives. If they began trading DNotes with one another today for loaves of bread, in 5 years time, they may need to only trade a fraction of that DNote for the same loaf of bread in the future.
The vague hypothetical would require much more work and thought than that, but that is sort of how I best see a global currency serving African communities in the immediate / shorter term.
I'll post to any replies in a couple days, few deadlines coming up.
