Interesting find on coindesk. Another quote contender for DCEBrief as well:
"As the industry continues to innovate, it’s important that regulators strike the right balance between encouraging responsible innovation and managing risk. Virtual currency, like bitcoin provides a good example."
Thomas Curry - Chief Officer OCC
More about the Office of the Comptroller of the Currency:
http://www.occ.gov/about/what-we-do/mission/index-about.html
US Bank Regulator Calls for Balanced Bitcoin Oversight
The head of the Office of the Comptroller of the Currency (OCC) has called for a balanced approach to regulation governing financial technology development in the United States, citing bitcoin as one such example.
Months after calling digital currencies "potentially revolutionary", OCC Comptroller Thomas Curry highlighted bitcoin during a recent speech as he called for regulators to avoid crafting overly burdensome rules that could stifle otherwise productive work on financial technology.
He stated:
"As the industry continues to innovate, it’s important that regulators strike the right balance between encouraging responsible innovation and managing risk. Virtual currency, like bitcoin provides a good example."
Curry said the agency has put together a working group that will "develop a framework to evaluate new and innovative financial products and services".
"We have a team with representatives from across the agency – policy experts, examiners, lawyers, and others – considering this question," he said. "We’re still early in the process, so I can’t tell you exactly where we’ll end up."
Curry added one result could be the creation of an office dedicated to financial innovation.
Moving away from the banking sector
Notably, Curry acknowledged during his speech that financial technology is largely being developed outside regulated entities like banks.
http://www.coindesk.com/us-bank-regulator-calls-for-balanced-bitcoin-oversight/
Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 178. (Read 814541 times)
August 10, 2015, 03:43:53 PM
August 10, 2015, 01:39:17 PM
The article below is what I was talking about when I suggested a possible DCEBrief story "Blockchain without Bitcoin. Can you or can't you? Pros? Cons? - There have been a lot of headlines on various companies, banks, etc stating that they are interested in the blockchain, but not bitcoin. The bitcoin community replies 'you can't have one without the other'. I think this could use a little clarity (with a positive spin)."
It cleared up some confusion for me!
Vitalik Buterin: On Public and Private Blockchains - http://www.coindesk.com/vitalik-buterin-on-public-and-private-blockchains/
There may not be an easy way to clear up all the confusion. Once people start creating a hybrid of the original there is no telling how many different versions there could be and how well they will end up.
For now its is best to assume that others are focusing in exploiting the blockchain technology without the digital currency component. Some are creating their own tokens as part of their internal reward for third party participation. Technically, it will work whether it is centralized or semi-centralized. As long as they are not centralized as a bank and create their own digital currency, it should not be a concern to DNotes stakeholder. Even if they try to create their currency, it will become worthless.
DCEBrief will be covering a lot of these issues. The value of DNotes is our commitment to build it a the trusted global digital currency in the true spirit decentralized ledger based on the consensus and self policing technologies Satoshi Nakamoto has created.
August 10, 2015, 11:36:56 AM
The article below is what I was talking about when I suggested a possible DCEBrief story "Blockchain without Bitcoin. Can you or can't you? Pros? Cons? - There have been a lot of headlines on various companies, banks, etc stating that they are interested in the blockchain, but not bitcoin. The bitcoin community replies 'you can't have one without the other'. I think this could use a little clarity (with a positive spin)."
It cleared up some confusion for me!
Vitalik Buterin: On Public and Private Blockchains - http://www.coindesk.com/vitalik-buterin-on-public-and-private-blockchains/
August 10, 2015, 09:30:34 AM
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).
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.
August 10, 2015, 09:19:37 AM
Still holding the top position at Cryptsy at 45336 votes. Thank you to all that contributed! Be prepared to defend our position in the future in the event we need to.
August 10, 2015, 08:23:56 AM
Thanks, Chase. That is very helpful. We will plan on having at least one article on this subject: "Boosting Returns with Digital Currency To Maintain a Balanced Investment Portfolio." Proposed Headline, subject to change.
i like that
Just not forgot voting DNotes in cryptsy for free https://www.cryptsy.com If you can afford to contribute .01 BTC ($3) send it to:
14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ for 50 votes
Way to go infovortice2013!
DNotes current standing at Cryptsy: 3rd place with 39111 votes
Looks like we have a little competition...
yep this is crypto !
Cryptsy Vote Update:
DNotes is still in the 1st place with 45,200 votes.
I have just sent the following email to Paul Vernon:
Thank you all for your dedicated and strong support. Let's hope for the best.
Thanks,
Alan
****************
To: Paul Vernon,
Hello Paul,
I trust that you are aware that the DNotes' community had expressed a strong interest to get DNotes listed on Cryptsy exchange. They have acted accordingly with great efforts, placing DNotes in the first position of your voting list at this time.
As you may know by now, DNotes is totally committed to the long term best interest of all of our stakeholders and our industry. It is more than just another digital currency. DNotes is built with trust and integrity with a strong community to help address many issues hindering our industry from mass acceptance of digital currency worldwide.
Those issues include wide gender gap, lack of trust factors and much needed education among others. We are also the only one offering a whole family of cryptocurrency investment savings plans (CRISPs) making it convenient for every one worldwide to participate. To accomplish all that and more we have created and funded our own ecosystem.
I hope you will favorably consider listing DNotes on Cryptsy exchange soon. Please let us know promptly if there is more that we need to do as a community.
Thank you for your kind consideration and looking forward to your reply.
Sincerely,
Alan Yong
Co-Founder
DNotes, CryptoMoms, DNotesVault, DCEBrief
DNotes is still in the 1st place with 45,200 votes.
I have just sent the following email to Paul Vernon:
Thank you all for your dedicated and strong support. Let's hope for the best.
Thanks,
Alan
****************
To: Paul Vernon,
Hello Paul,
I trust that you are aware that the DNotes' community had expressed a strong interest to get DNotes listed on Cryptsy exchange. They have acted accordingly with great efforts, placing DNotes in the first position of your voting list at this time.
As you may know by now, DNotes is totally committed to the long term best interest of all of our stakeholders and our industry. It is more than just another digital currency. DNotes is built with trust and integrity with a strong community to help address many issues hindering our industry from mass acceptance of digital currency worldwide.
Those issues include wide gender gap, lack of trust factors and much needed education among others. We are also the only one offering a whole family of cryptocurrency investment savings plans (CRISPs) making it convenient for every one worldwide to participate. To accomplish all that and more we have created and funded our own ecosystem.
I hope you will favorably consider listing DNotes on Cryptsy exchange soon. Please let us know promptly if there is more that we need to do as a community.
Thank you for your kind consideration and looking forward to your reply.
Sincerely,
Alan Yong
Co-Founder
DNotes, CryptoMoms, DNotesVault, DCEBrief
+1
August 10, 2015, 07:06:05 AM
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).
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
August 10, 2015, 06:21:38 AM
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).
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 clarity on issues that matter
August 10, 2015, 01:21:18 AM
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).
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?
August 09, 2015, 10:08:56 PM
Have we started our 'Notes' for the article on including a small percentage of a higher risk digital currency such as DNotes in a balanced investment portfolio?
I found a few posts from CryptoMoms that might help:
1. "In order to accumulate the huge sum of money needed to fund a retirement, it is recommended that everyone has 5 - 10% of their portfolio in alternative investments. These types of investments, while riskier, typically yield a much higher rate of return. Alternative investments can include such things as real estate, gold, silver, and other commodities as well as more sophisticated investments like hedge funds. The latest investment to be added to this list is cryptocurrency, and starting even a small CRISP (Cryptocurrency Investment Savings Plan) now has the potential to partially or completely fund your retirement." (CryptoMoms - Retirement, Long Term Investing)
2. According to Scotiabank, Canada's 3rd largest bank:
"Avoiding risk can be dangerous for long-term investors. Conservative investments do offer temporary relief of market volatility, but this approach could stunt performance or delay plans/goals. With longer timelines, the market will help balance things out so you may want to take on more risk." (CryptoMoms - Long Term Investing)
3. This was from the article "Bitcoin for a Booming Retirement" http://bitcoinwarrior.net/2014/08/bitcoin-booming-retirement/ published August 2014. A lot has
changed in the past year and with the CRISP for Retirement, DNotes has earned top spot in the digital currency portion of retirement portfolios.
"The fact of the matter is that success is often enough not about hard work, or even ingenuity; frequently enough, it’s simply recognizing a good thing and taking hold."
"Right now, that good thing is Bitcoin. If every soon-to-be retiree, every single mother, every down-on-his luck employee scraped together a few hundred dollars and bought a fraction of a Bitcoin, they would be investing in their future far better than starting a business or going back to college. They would be investing in a better future not only for themselves, but a future where more people benefit from the wealth of the nation equitably, a future where people don’t have to worry about what the government or the banks are doing with their money since they control it themselves, or they can find out, a future where their savings will grow in value just because they save." (CryptoMoms - Retirement)
4. "Financial Planning Association: Bitcoin Can Boost Portfolio Returns" http://www.coindesk.com/financial-planning-association-boost-portfolio/
"An industry group representing certified financial planners has found that bitcoin can be a beneficial addition to investor portfolios. In the new report, the Financial Planning Association (FPA) asserted that for many investors, bitcoin represents a potential opportunity that could both diversify and boost the efficiency of a portfolio." (CryptoMoms - Bitcoin News)
*********************
Panterra Capital CEO Dan Morehead:
Even as the price of bitcoin has skyrocketed to around $1,200 a couple of years ago then down to $230 these days, Panterra Capital CEO Dan Morehead views bitcoin as a “buy and hold” investment. He has closed the firm’s macro investment funds and opened a bitcoin-only fund back in 2013.
“The value of bitcoin, if successful, is much greater than the downside risk,” said Morehead.
He likened the development of digital currencies to the internet, which took a while to gain traction and benefit from improved infrastructure. “The Internet at that time had all of the protocols it needed to be really cool, but you couldn’t do anything because you had a modem screaming at 2,400 bits per second,” Morehead explained. “The Internet really sucked. Bitcoin is kind of like that right now. It has all the need attributes but just not all of the applications to make it useful.” http://www.newsbtc.com/2015/07/21/hedge-fund-ceo-rates-bitcoin-as-buy-and-hold-investment/
for the article on including a small percentage of a higher risk digital currency such as DNotes in a balanced investment portfolio?I found a few posts from CryptoMoms that might help:
1. "In order to accumulate the huge sum of money needed to fund a retirement, it is recommended that everyone has 5 - 10% of their portfolio in alternative investments. These types of investments, while riskier, typically yield a much higher rate of return. Alternative investments can include such things as real estate, gold, silver, and other commodities as well as more sophisticated investments like hedge funds. The latest investment to be added to this list is cryptocurrency, and starting even a small CRISP (Cryptocurrency Investment Savings Plan) now has the potential to partially or completely fund your retirement." (CryptoMoms - Retirement, Long Term Investing)
2. According to Scotiabank, Canada's 3rd largest bank:
"Avoiding risk can be dangerous for long-term investors. Conservative investments do offer temporary relief of market volatility, but this approach could stunt performance or delay plans/goals. With longer timelines, the market will help balance things out so you may want to take on more risk." (CryptoMoms - Long Term Investing)
3. This was from the article "Bitcoin for a Booming Retirement" http://bitcoinwarrior.net/2014/08/bitcoin-booming-retirement/ published August 2014. A lot has
changed in the past year and with the CRISP for Retirement, DNotes has earned top spot in the digital currency portion of retirement portfolios.
"The fact of the matter is that success is often enough not about hard work, or even ingenuity; frequently enough, it’s simply recognizing a good thing and taking hold."
"Right now, that good thing is Bitcoin. If every soon-to-be retiree, every single mother, every down-on-his luck employee scraped together a few hundred dollars and bought a fraction of a Bitcoin, they would be investing in their future far better than starting a business or going back to college. They would be investing in a better future not only for themselves, but a future where more people benefit from the wealth of the nation equitably, a future where people don’t have to worry about what the government or the banks are doing with their money since they control it themselves, or they can find out, a future where their savings will grow in value just because they save." (CryptoMoms - Retirement)
4. "Financial Planning Association: Bitcoin Can Boost Portfolio Returns" http://www.coindesk.com/financial-planning-association-boost-portfolio/
"An industry group representing certified financial planners has found that bitcoin can be a beneficial addition to investor portfolios. In the new report, the Financial Planning Association (FPA) asserted that for many investors, bitcoin represents a potential opportunity that could both diversify and boost the efficiency of a portfolio." (CryptoMoms - Bitcoin News)
*********************
Panterra Capital CEO Dan Morehead:
Even as the price of bitcoin has skyrocketed to around $1,200 a couple of years ago then down to $230 these days, Panterra Capital CEO Dan Morehead views bitcoin as a “buy and hold” investment. He has closed the firm’s macro investment funds and opened a bitcoin-only fund back in 2013.
“The value of bitcoin, if successful, is much greater than the downside risk,” said Morehead.
He likened the development of digital currencies to the internet, which took a while to gain traction and benefit from improved infrastructure. “The Internet at that time had all of the protocols it needed to be really cool, but you couldn’t do anything because you had a modem screaming at 2,400 bits per second,” Morehead explained. “The Internet really sucked. Bitcoin is kind of like that right now. It has all the need attributes but just not all of the applications to make it useful.” http://www.newsbtc.com/2015/07/21/hedge-fund-ceo-rates-bitcoin-as-buy-and-hold-investment/
Thanks, Chase. That is very helpful. We will plan on having at least one article on this subject: "Boosting Returns with Digital Currency To Maintain a Balanced Investment Portfolio." Proposed Headline, subject to change.
The last couple of weeks have been quite challenging for me with some uncertainties at Allcoin and supporting getting out the votes out at Cryptsy. I will be gone a good part of tomorrow attending the monthly Chicago Bitcoin Meet-up. Hopefully, I can get some assignments out before I my weekend trip to the farm. I am committed to launching DCEBrief before the end of this month. We will need a lot of help from our community.
August 09, 2015, 08:51:14 PM
Have we started our 'Notes' for the article on including a small percentage of a higher risk digital currency such as DNotes in a balanced investment portfolio?
I found a few posts from CryptoMoms that might help:
1. "In order to accumulate the huge sum of money needed to fund a retirement, it is recommended that everyone has 5 - 10% of their portfolio in alternative investments. These types of investments, while riskier, typically yield a much higher rate of return. Alternative investments can include such things as real estate, gold, silver, and other commodities as well as more sophisticated investments like hedge funds. The latest investment to be added to this list is cryptocurrency, and starting even a small CRISP (Cryptocurrency Investment Savings Plan) now has the potential to partially or completely fund your retirement." (CryptoMoms - Retirement, Long Term Investing)
2. According to Scotiabank, Canada's 3rd largest bank:
"Avoiding risk can be dangerous for long-term investors. Conservative investments do offer temporary relief of market volatility, but this approach could stunt performance or delay plans/goals. With longer timelines, the market will help balance things out so you may want to take on more risk." (CryptoMoms - Long Term Investing)
3. This was from the article "Bitcoin for a Booming Retirement" http://bitcoinwarrior.net/2014/08/bitcoin-booming-retirement/ published August 2014. A lot has
changed in the past year and with the CRISP for Retirement, DNotes has earned top spot in the digital currency portion of retirement portfolios.
"The fact of the matter is that success is often enough not about hard work, or even ingenuity; frequently enough, it’s simply recognizing a good thing and taking hold."
"Right now, that good thing is Bitcoin. If every soon-to-be retiree, every single mother, every down-on-his luck employee scraped together a few hundred dollars and bought a fraction of a Bitcoin, they would be investing in their future far better than starting a business or going back to college. They would be investing in a better future not only for themselves, but a future where more people benefit from the wealth of the nation equitably, a future where people don’t have to worry about what the government or the banks are doing with their money since they control it themselves, or they can find out, a future where their savings will grow in value just because they save." (CryptoMoms - Retirement)
4. "Financial Planning Association: Bitcoin Can Boost Portfolio Returns" http://www.coindesk.com/financial-planning-association-boost-portfolio/
"An industry group representing certified financial planners has found that bitcoin can be a beneficial addition to investor portfolios. In the new report, the Financial Planning Association (FPA) asserted that for many investors, bitcoin represents a potential opportunity that could both diversify and boost the efficiency of a portfolio." (CryptoMoms - Bitcoin News)
*********************
Panterra Capital CEO Dan Morehead:
Even as the price of bitcoin has skyrocketed to around $1,200 a couple of years ago then down to $230 these days, Panterra Capital CEO Dan Morehead views bitcoin as a “buy and hold” investment. He has closed the firm’s macro investment funds and opened a bitcoin-only fund back in 2013.
“The value of bitcoin, if successful, is much greater than the downside risk,” said Morehead.
He likened the development of digital currencies to the internet, which took a while to gain traction and benefit from improved infrastructure. “The Internet at that time had all of the protocols it needed to be really cool, but you couldn’t do anything because you had a modem screaming at 2,400 bits per second,” Morehead explained. “The Internet really sucked. Bitcoin is kind of like that right now. It has all the need attributes but just not all of the applications to make it useful.” http://www.newsbtc.com/2015/07/21/hedge-fund-ceo-rates-bitcoin-as-buy-and-hold-investment/
for the article on including a small percentage of a higher risk digital currency such as DNotes in a balanced investment portfolio?I found a few posts from CryptoMoms that might help:
1. "In order to accumulate the huge sum of money needed to fund a retirement, it is recommended that everyone has 5 - 10% of their portfolio in alternative investments. These types of investments, while riskier, typically yield a much higher rate of return. Alternative investments can include such things as real estate, gold, silver, and other commodities as well as more sophisticated investments like hedge funds. The latest investment to be added to this list is cryptocurrency, and starting even a small CRISP (Cryptocurrency Investment Savings Plan) now has the potential to partially or completely fund your retirement." (CryptoMoms - Retirement, Long Term Investing)
2. According to Scotiabank, Canada's 3rd largest bank:
"Avoiding risk can be dangerous for long-term investors. Conservative investments do offer temporary relief of market volatility, but this approach could stunt performance or delay plans/goals. With longer timelines, the market will help balance things out so you may want to take on more risk." (CryptoMoms - Long Term Investing)
3. This was from the article "Bitcoin for a Booming Retirement" http://bitcoinwarrior.net/2014/08/bitcoin-booming-retirement/ published August 2014. A lot has
changed in the past year and with the CRISP for Retirement, DNotes has earned top spot in the digital currency portion of retirement portfolios.
"The fact of the matter is that success is often enough not about hard work, or even ingenuity; frequently enough, it’s simply recognizing a good thing and taking hold."
"Right now, that good thing is Bitcoin. If every soon-to-be retiree, every single mother, every down-on-his luck employee scraped together a few hundred dollars and bought a fraction of a Bitcoin, they would be investing in their future far better than starting a business or going back to college. They would be investing in a better future not only for themselves, but a future where more people benefit from the wealth of the nation equitably, a future where people don’t have to worry about what the government or the banks are doing with their money since they control it themselves, or they can find out, a future where their savings will grow in value just because they save." (CryptoMoms - Retirement)
4. "Financial Planning Association: Bitcoin Can Boost Portfolio Returns" http://www.coindesk.com/financial-planning-association-boost-portfolio/
"An industry group representing certified financial planners has found that bitcoin can be a beneficial addition to investor portfolios. In the new report, the Financial Planning Association (FPA) asserted that for many investors, bitcoin represents a potential opportunity that could both diversify and boost the efficiency of a portfolio." (CryptoMoms - Bitcoin News)
*********************
Panterra Capital CEO Dan Morehead:
Even as the price of bitcoin has skyrocketed to around $1,200 a couple of years ago then down to $230 these days, Panterra Capital CEO Dan Morehead views bitcoin as a “buy and hold” investment. He has closed the firm’s macro investment funds and opened a bitcoin-only fund back in 2013.
“The value of bitcoin, if successful, is much greater than the downside risk,” said Morehead.
He likened the development of digital currencies to the internet, which took a while to gain traction and benefit from improved infrastructure. “The Internet at that time had all of the protocols it needed to be really cool, but you couldn’t do anything because you had a modem screaming at 2,400 bits per second,” Morehead explained. “The Internet really sucked. Bitcoin is kind of like that right now. It has all the need attributes but just not all of the applications to make it useful.” http://www.newsbtc.com/2015/07/21/hedge-fund-ceo-rates-bitcoin-as-buy-and-hold-investment/
August 09, 2015, 04:28:56 PM
Looks like Kraken and Bitfinex are out of the New York exchange scene as well.
Bitcoin Exchanges Kraken and Bitfinex Cut Services in New York
Kraken and Bitfinex, two of the largest bitcoin exchanges by investment funding and daily trading volume, have indicated they will not be applying for licenses to operate in New York.
The development is the latest in the ongoing debate over the BitLicense, New York's state-specific regulation for bitcoin businesses, which continues to be a lightning rod for criticism from both within the bitcoin community and more widely among mainstream technology advocacy groups. State regulators had previously set 8th August as the submission deadline for business already serving consumers in the third-largest US state by population.
So far, more well-capitalized exchanges including New York-based Gemini and itBit as well as Bitstamp have applied for a BitLicense. Smaller businesses including merchant processor GoCoin and altcoin exchange Poloniex, however, recently revelead they would not continue efforts to reach customers in the state.
Based in San Francisco, Kraken and its executives have long had a contentious relationship with US regulators, withdrawing services from the domestic market in early 2014 and stopping all US dollar services until October. US dollar trading is still not available for US residents.
Source: http://www.coindesk.com/bitcoin-exchanges-kraken-and-bitstamp-cut-services-in-new-york/
Bitcoin Exchanges Kraken and Bitfinex Cut Services in New York
Kraken and Bitfinex, two of the largest bitcoin exchanges by investment funding and daily trading volume, have indicated they will not be applying for licenses to operate in New York.
The development is the latest in the ongoing debate over the BitLicense, New York's state-specific regulation for bitcoin businesses, which continues to be a lightning rod for criticism from both within the bitcoin community and more widely among mainstream technology advocacy groups. State regulators had previously set 8th August as the submission deadline for business already serving consumers in the third-largest US state by population.
So far, more well-capitalized exchanges including New York-based Gemini and itBit as well as Bitstamp have applied for a BitLicense. Smaller businesses including merchant processor GoCoin and altcoin exchange Poloniex, however, recently revelead they would not continue efforts to reach customers in the state.
Based in San Francisco, Kraken and its executives have long had a contentious relationship with US regulators, withdrawing services from the domestic market in early 2014 and stopping all US dollar services until October. US dollar trading is still not available for US residents.
Source: http://www.coindesk.com/bitcoin-exchanges-kraken-and-bitstamp-cut-services-in-new-york/
August 09, 2015, 02:26:21 PM
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).
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?
Good conversation, it will help flush out ideas.
August 09, 2015, 01:20:46 PM
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).
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?
August 09, 2015, 10:48:58 AM
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).
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).
August 09, 2015, 10:39:58 AM
Interesting article here. TigerDirect, which some of you may not know, I know it very well as the place to look for computer equipment, in fact I used to live a few minutes from their warehouse/store location. Anyway, they have had success with accepting bitcoin, stating that it has drawn in new customers placing larger orders.
We see a lot of information stating that using bitcoin to actually make purchases has been low. However, at this still early stage of adoption, people who are likely to have adopted bitcoin are investors and the young tech/programming world. So it makes a lot of sense that a company well regarded in the Tech field is having a positive experience, and a good indicator for the future.
18 Months after Adopting Bitcoin, TigerDirect Reports Fantastic Experience and Continued Growth
TigerDirect, an online retailer of computers and consumer electronics has been accepting bitcoin for 18 months through BitPay, beginning in January of 2014.
Bitcoin Magazine sat down with Steven Leeds, head of marketing at TigerDirect to learn more about the company’s experience as one of the earliest major merchants to embrace Bitcoin. While recent reports from Expedia suggest that it has seen a decrease in bitcoin payments, TigerDirect shared a different story.
According to Leeds, TigerDirect has been thrilled with its decision to accept bitcoin. Leeds noted that Bitcoin has drawn new users to TigerDirect, with 46 percent of customers purchasing with bitcoin being new users. The company also told Bitcoin Magazine that the average order placed with bitcoin is 30 percent larger than the average order.
Leeds explained that TigerDirect sees the highest volume of bitcoin orders during periods of volatility for bitcoin price. These purchases are typically luxury items such as high-definition TVs, gaming consoles and computer monitors.
“On days when the price is rising, we see users eager to spend some of their newfound wealth. And when the price begins falling, we see others who want to avoid the volatility by spending it on consumer electronics,” said Leeds.
Despite the fall of the bitcoin price into the $200s, TigerDirect has still seen consistent bitcoin transaction volume.
Advantages for Bitcoin Companies
In addition to it’s consumer electronics business, TigerDirect also supplies hardware to many businesses, including a significant number of Bitcoin companies. Some of these companies include miners who use TigerDirect to buy power supplies, cooling systems and other hardware. These miners do not have to convert their bitcoin to cash, as they can pay directly with the bitcoin that they have mined.
TigerDirect was originally introduced to Bitcoin by some of it’s employees who were early adopters and miners of the currency.
“We’d recommend Bitcoin to any company considering it,” Leeds said. “We’ve had a fantastic experience accepting it, and BitPay allows us to integrate the payments into our existing checkout flow easily.”
Source: https://bitcoinmagazine.com/21516/18-months-adopting-bitcoin-tigerdirect-reports-fantastic-experience-continued-growth/
We see a lot of information stating that using bitcoin to actually make purchases has been low. However, at this still early stage of adoption, people who are likely to have adopted bitcoin are investors and the young tech/programming world. So it makes a lot of sense that a company well regarded in the Tech field is having a positive experience, and a good indicator for the future.
18 Months after Adopting Bitcoin, TigerDirect Reports Fantastic Experience and Continued Growth
TigerDirect, an online retailer of computers and consumer electronics has been accepting bitcoin for 18 months through BitPay, beginning in January of 2014.
Bitcoin Magazine sat down with Steven Leeds, head of marketing at TigerDirect to learn more about the company’s experience as one of the earliest major merchants to embrace Bitcoin. While recent reports from Expedia suggest that it has seen a decrease in bitcoin payments, TigerDirect shared a different story.
According to Leeds, TigerDirect has been thrilled with its decision to accept bitcoin. Leeds noted that Bitcoin has drawn new users to TigerDirect, with 46 percent of customers purchasing with bitcoin being new users. The company also told Bitcoin Magazine that the average order placed with bitcoin is 30 percent larger than the average order.
Leeds explained that TigerDirect sees the highest volume of bitcoin orders during periods of volatility for bitcoin price. These purchases are typically luxury items such as high-definition TVs, gaming consoles and computer monitors.
“On days when the price is rising, we see users eager to spend some of their newfound wealth. And when the price begins falling, we see others who want to avoid the volatility by spending it on consumer electronics,” said Leeds.
Despite the fall of the bitcoin price into the $200s, TigerDirect has still seen consistent bitcoin transaction volume.
Advantages for Bitcoin Companies
In addition to it’s consumer electronics business, TigerDirect also supplies hardware to many businesses, including a significant number of Bitcoin companies. Some of these companies include miners who use TigerDirect to buy power supplies, cooling systems and other hardware. These miners do not have to convert their bitcoin to cash, as they can pay directly with the bitcoin that they have mined.
TigerDirect was originally introduced to Bitcoin by some of it’s employees who were early adopters and miners of the currency.
“We’d recommend Bitcoin to any company considering it,” Leeds said. “We’ve had a fantastic experience accepting it, and BitPay allows us to integrate the payments into our existing checkout flow easily.”
Source: https://bitcoinmagazine.com/21516/18-months-adopting-bitcoin-tigerdirect-reports-fantastic-experience-continued-growth/
August 09, 2015, 09:28:53 AM
Cryptsy Vote Update:
DNotes is still in the 1st place with 45,200 votes.
I have just sent the following email to Paul Vernon:
Thank you all for your dedicated and strong support. Let's hope for the best.
Thanks,
Alan
****************
To: Paul Vernon,
Hello Paul,
I trust that you are aware that the DNotes' community had expressed a strong interest to get DNotes listed on Cryptsy exchange. They have acted accordingly with great efforts, placing DNotes in the first position of your voting list at this time.
As you may know by now, DNotes is totally committed to the long term best interest of all of our stakeholders and our industry. It is more than just another digital currency. DNotes is built with trust and integrity with a strong community to help address many issues hindering our industry from mass acceptance of digital currency worldwide.
Those issues include wide gender gap, lack of trust factors and much needed education among others. We are also the only one offering a whole family of cryptocurrency investment savings plans (CRISPs) making it convenient for every one worldwide to participate. To accomplish all that and more we have created and funded our own ecosystem.
I hope you will favorably consider listing DNotes on Cryptsy exchange soon. Please let us know promptly if there is more that we need to do as a community.
Thank you for your kind consideration and looking forward to your reply.
Sincerely,
Alan Yong
Co-Founder
DNotes, CryptoMoms, DNotesVault, DCEBrief
DNotes is still in the 1st place with 45,200 votes.
I have just sent the following email to Paul Vernon:
Thank you all for your dedicated and strong support. Let's hope for the best.
Thanks,
Alan
****************
To: Paul Vernon,
Hello Paul,
I trust that you are aware that the DNotes' community had expressed a strong interest to get DNotes listed on Cryptsy exchange. They have acted accordingly with great efforts, placing DNotes in the first position of your voting list at this time.
As you may know by now, DNotes is totally committed to the long term best interest of all of our stakeholders and our industry. It is more than just another digital currency. DNotes is built with trust and integrity with a strong community to help address many issues hindering our industry from mass acceptance of digital currency worldwide.
Those issues include wide gender gap, lack of trust factors and much needed education among others. We are also the only one offering a whole family of cryptocurrency investment savings plans (CRISPs) making it convenient for every one worldwide to participate. To accomplish all that and more we have created and funded our own ecosystem.
I hope you will favorably consider listing DNotes on Cryptsy exchange soon. Please let us know promptly if there is more that we need to do as a community.
Thank you for your kind consideration and looking forward to your reply.
Sincerely,
Alan Yong
Co-Founder
DNotes, CryptoMoms, DNotesVault, DCEBrief
August 08, 2015, 08:14:26 PM
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).
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).
Thank you kanus!
By the way, if anyone has any ideas for DCEBrief at any time, please feel free to post them in the forum.
August 08, 2015, 08:10:43 PM
I think the author did a great job on this!
DNotes Bitcoin App – Cryptocurrency Guide
DNotes has launched its new mobile application that offers educational resources and instructions related to digital currency.
Bitcoin, when first introduced, it was termed as the currency of the future. Six years down the line, the digital currency is gradually being adopted worldwide which makes us believe that the future is almost upon us. However, there are few things that are hindering extensive adoption of bitcoin throughout. Lack of education about bitcoin and other digital currencies tops that list of challenges.
Not everyone knows about digital currencies. While some people have no idea what bitcoin is, there are others who are full of misinformation which was fed to them by the mainstream media. Mainstream media nowadays so used to selective coverage that people only get to hear about the negative aspects of bitcoin or events were bitcoin and other digital currencies were misused. In order to overcome these issues, it is very important to educate everyone about digital currencies, how it works, advantages and disadvantages as well.
The best way to offer access these educational content is through mobile phones. After all, the days of feature phones is gone and everyone now uses a smartphone, which they always carry on them and use them to consume loads of information every minute. These days, we have many educational application available on Google and iOS app stores. There are specific mobile applications for learning different programming languages, similarly Coursera and other teaching platforms also create and publish different applications for different courses.
It is high time we had few really good applications that provide educational resources related to bitcoin and other cryptocurrencies. One such app was recently launched by DNotes. DNotes Educational Guide is currently available on Google Play store for Android mobile devices. The application is created by DNotes, which is a new decentralized cryptocurrency. Even though it has many links related to DNotes, the main essence of this application is cryptocurrency in general. The application tries to address the misconceptions related to digital currencies by offering some trivia about cryptocurrencies while comparing it with fiat currency and events related to conventional assets.
The DNotes Educational Guide also provides detailed instructions for using DNotes vault and mining.
http://www.newsbtc.com/2015/08/08/dnotes-bitcoin-app-cryptocurrency-guide/
Excellent! That is a great write up. Kudos to Gautham (the author) and everyone who contributed to the educational app.
August 08, 2015, 07:25:00 PM
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).
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).
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