Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 181. (Read 814541 times)

If the following is useful to anyone, please do use it:

"Cryptographic Currencies in Your Portfolio?

Although human beings have a superior ability to think logically, it is sadly not the case that most do at most times.

Rather, we drift into largely uncritical support of paradigms that provide us psychological well-being: ‘cognitive dissonance,’ ‘petitio principii,’ ‘confirmation bias,’ ‘My country right or wrong.’

Cryptographic currencies are to conventional banking models at this second as emails were to snail mail twenty-five years ago.

Moreover, this is the commercial-adoption perspective. ‘Cryptos’ also have tremendous potential for the sequestering of wealth in the event of system failure – mayhem in the world’s banking system (‘bail-ins’!).

Now, we can discuss over coffee whether you might include a large or a small amount of a cryptographic currency in your portfolio; but my thesis here is short and sweet:

given both the commercial and system-failure aspects, it would be time well spent to do ‘due diligence’ on this technology -- you'll very likely end up holding at least some amount of crypto currency in your portfolio!

And Dnotes would be a good choice . . .

Mark Blair (‘IndiaMikeZulu’), Australia"

CryptoBrooker79, what you guys have accomplished is quite amazing. That was an outstanding write-up. Great job.

Wow, TeeGee, superb analysis!

That would be an incredible win if you could manage to partner up with itBit in some way to provide an exchange for DNotes. While I have no personal experience in running business / business plans (except restaurants), my thoughts would go like this:

Timing: super important - until now DNotes has operated quietly to avoid too much liquidity at the exchanges, we have all seen what can happen when a community froths at the mouth in excitement over a 'new feature' that is technically brilliant nears release, or a coin is doing something new (national coins), the average IQ of the community drops as buyers rush to purchase currency in a frenzy before the new features release. In my personal observations one of the following occurs:

- Launch is successful and everything goes without a hitch = excitement is over, participants know price is unlikely to continue rising, sell-off beings, coin dies / begins price decline. Smart pumpers are a bit smarter though, and follow the behaviour seen in the next option.

- Launch is successful, but coin is already in decline = pumpers make exorbitant profits before coins release, expect sell-off because pumping can not continue to rise at current rate. Decreases in the rate of price appreciation cause concern to pumpers, which indicate to speculators that a downtrend may be approaching - they don't actually expect the coin to be a success. An example would be AuroraCoin, which went from being worth nothing, to 90 dollars in a matter of ~2 weeks.




- Launch is failure, delayed, buggy = community frustration = pumpers get impatient, begin to sell off-coin to find something else to pump. Examples would from around June / July last year when the rage was 'anonymous coins' and everybody was investing in any crypto that claimed to be the first to get 'true anonymous sending' implemented. Both DarkCoin and Xcurrency were the two main crypto in question at the time, and both were horrendously buggy, not living up to their promises even after full release.

DarkCoin (now called DASH)



XCurrency (now dead)



You can see clearly the failed launches, the price falling, then the developer promises to 're-launch' but better, and price goes up in anticipation again... The prime focus of these crypto's communities were not the actual feature being released, but how the feature would affect the price; participants were more interested in pumping and dumping, than the latest tech features.

This brings me to an important point - DNotes was wise to avoid focussing on both advertising itself as the 'instant-gratification coin' where super-profits could be expected, and to not compete for technically brilliant new features at such an early stage. Competing so early for technology, in conjunction with aggressive advertising would be risky (could be beaten by competitors - and open source nature of industry), and also bring unwarranted attention to the crypto (speculators and whales) who have little interest in longer-term positions in DNotes. These short-term holders inevitably sell their position in the near future for profit, which can only add downward pressure at the exchanges. These 'whales' will inevitably purchase DNotes eventually, but as we grow, they become less and less likely to do significant damage. I'm sure DNotes will compete in the future for technically brilliant features, but at an appropriate time when market liquidity can tolerate the likely excitement tech releases may bring. This is the main reason why DNotes has flown 'under the radar' for the most part, and only discusses publicly its projects when they are near completion / ready to not provide speculators time to pump and dump. I believe appreciations in value after a features release are more likely to determine community belief that it added value to the project, and DNotes is correct to continue focussing on providing the essential services people wish to use money for: savings, investment etc.

This brings us to another generally agreed upon important point: We need an fast, and technically easy way to acquire DNotes.

Currently it is not simple to purchase DNotes, there are several hurdles, and websites that we must send our funds through before they end up in our DNotes wallet. Adding a DNotes / USD pair would be very beneficial, especially if it's a website that allows credit card fund transfers to the exchange. Overall, I think it will only add to the demand for DNotes, and could also pull the BTC / DNotes pair price upwards if the ease of purchasing Note with USD means DNotes goes up in value (against USD), pulling the BTC value up with it (arbitrage opportunities). Over time, I imagine the volume in DNotes / BTC pair will decrease, because it will become an unnecessary step in the purchase method.

Personally, I think some growth in the coin (in terms of daily traded volume AND marketing) is necessary before companies like itBit would want to incorporate DNotes, which would likely coincide with an aggressive PR campaign to draw attention to DNotes. Currently DNotes has a daily traded volume of ~3btc, I expect this needs to grow, in particular, before a successful and stable DNotes / USD pair can be established.

Reason 1: Currently much of the demand for DNotes at the exchange likely comes from long-term buyers who have until now, needed to purchase Bitcoin before purchasing DNotes, if these people no longer needed to buy bitcoin first, then buy depth at the exchanges could be expected to decrease as these buyers leave the current DNotes/BTC market, and start buying with the DNotes/USD market. Nobody knows how sellers will behave if a successful DNotes/USD trading pair is launched, but likely some of the selling depth will leave for the new USD market. Either way, I think more daily traded volume (which will probably lead to an increase in price also) would make the market more stable.

Reason 2: It would probably be preferred if the DNotes / USD market became the 'dominant' of the two markets (the BTC market mirrors the USD market, rather than the other way around). I think this would require aggressive marketing to potential market participants who are not currently invested in the industry. This is because for the most part, everybody who is already taking part in the industry, is already trading alts using Bitcoin, rather than USD. When industry outsiders begin to invest in a DNotes/USD pair (skipping the purchase of BTC), current BTC holders will notice the arbitrage opportunity, and will move to purchase DNotes with the DNotes/BTC pair. If the USD market became the 'dominant' DNotes market, it would be MUCH easier for DNotes to remain stable, and any price increases in USD are much more defendable, because while we can currently invest in DNotes / BTC pair and keep that in a rough trading range, there is next to nothing we can do about the BTC/USD pair, which can go up or down 20% in a week.


Being launched on Cryptsy would be great, especially if we can get a USD market in there that people will begin to use to grow the world demand for DNotes (especially for people who don't already trade BTC). For now though, my eyes will be looking to see what can happen in the near future with itBit.

Thank you kanus and infovortice. It may take a lot of effort, if we get listed it will be worth it!

Sent in a lengthy email to Cryptsy support outlining why I think they should add DNotes and how I think it will benefit them. Not only because I feel DNotes has a strong future and a awesome team supporting it, but also for the PR value Cryptsy would receive as a result. They responded today and said they will forward the request on to their technical team, but it was likely just a copy & paste response, in fact I think I have a previous one almost exactly like it.

It will likely take more than votes to get listed there now. I hope everyone takes the time to write to Cryptsy in whatever format they have available to them, mine was simply an email to [email protected], and state your case as to why DNotes would be a great addition to Cryptsy.

Received my coins from allcoin as well, though it was only a small amount. It must be a tough business, probably constantly under attack, and doesn't look like much money. The coinbase model looks much more attractive.

very good time to enter cryptsy

VOTE NOW!  Send your BTC to our voting address:  14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ

If you want to check out the DNotes BTC voting address's history on Cryptsy, go here:

https://blockchain.info/address/14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ?filter=2

Thanks MarriedWithChildren! It is a priority for us to have an easy system to purchase DNotes with cash, the regulations are the true obstacle.

I just voted at Cryptsy.  I still need help getting bitcoin so having somewhere that is easy to buy DNotes  is a big thing for un-tech people like me.  Good luck with the voting everyone.

Thanks!

That is excellent guys! Great job! I have began placing broadcasting it on social media, and placed it in the OP.

The DNotes Educational Guide press release is out! Everyone working on this guide has put a ton of time and effort into composing an easy to use resource to help the masses understand digital currency. I'd like to thank Wiser and cojack for all the hard work they've put in, and everyone else who is helping make DNotes Educational Guide the go-to resource for digital currency learning.

_____________________________________

Free Bitcoin Education Google Play App Launched by DNotes
http://bitcoinprbuzz.com/free-bitcoin-education-google-play-app-launched-by-dnotes/

DNotes Educational Guide gives all people, even those with little to no technical background, an equal opportunity to learn about digital currency in these early stages. It features a user friendly interface, comprehensive how-to guides, definitions, helpful links, a quiz, and ongoing updates.

One of the misconceptions of digital currency is that it is only for the tech savvy. This is a new industry that will affect everyone’s lives with a massive amount of new technology, jobs, businesses, and wealth creation opportunities. There have been very few times in history when everyday people have had the chance to take part in the early stages of such revolutionary developments. It is important to learn about this early so you can make informed decisions about investing in this space as well as giving you an edge in your career as more and more recruiters are seeking digital currency expertise.

There is an overwhelming amount of fragmented knowledge out there, and we wanted to make this simple enough that people from all walks of life and from anywhere in the world, can learn about it at their own pace. According to eMarketer, “The number of smartphones worldwide will surpass 2 billion in 2016.” That figure jumps to 2.56 billion, or one third of the world’s population, in 2018. An app like this makes learning about digital currency accessible for everyone.

The need to educate will never disappear, but if ignored, the knowledge gap between innovators and everyday people may grow so large, that it will never be bridged.

Free DNotes Educational Guide on Google Play: https://play.google.com/store/apps/details?id=com.cojack.dnedu

DNotes Educational Guide HTML5:
http://ff4dc.com/dnotes-educational-guide.html
http://v4dc.com/dnotes-educational-guide.html

About DNotes, DNotesVault and CRISP:

DNotes is a currency for everyone – unborn to most senior, rich or poor. Over the last year DNotes successfully launched the world’s first Cryptocurrency Investment Savings Plans (CRISPs) for employees, children, students, and retirement. CRISPs provide a 100% guarantee matching fund verifiable on the transparent blockchain and embedded in DNotesVault.com infrastructure. For the first time, DNotes’ CRISPs and DNotesVault allow anyone worldwide to take advantage of the unprecedented opportunities provided by digital currency.

To trade DNotes with Bitcoin please go to: https://poloniex.com/exchange#btc_note

Media Contact:
[email protected]

"We could very quickly focus our efforts in Making Canada the 1st DNotes' Nation with mass acceptance of DNotes. How do you like that idea, Chase? Lol, may be too much for me to abandon my gorgeous private gardens, and move to Canada."

I love that idea!  There is enough room in Canada for everyone, but you may have trouble getting 40 acres of daylilies through Canada Customs!  

Being able to buy DNotes for Canadian dollars as well as being able to use Interac Online, eliminates huge stumbling blocks for first time buyers of DNotes.  The question "Why do I have to buy bitcoin in order to buy DNotes?" gets a little exasperating after a while.  Having Cryptsy list DNotes would eliminate countless steps for anyone in Canada and I believe they would corner the Canadian DNotes market.

That is great news. We could very quickly focus our efforts in Making Canada the 1st DNotes' Nation with mass acceptance of DNotes. How do you like that idea, Chase? Lol, may be too much for me to abandon my gorgeous private gardens, and move to Canada. Well I am certain, that they will also be offering USD/DNotes one day soon, perhaps available in most states. I am also making a big effort to convince itBit to include DNotes. That will give us worldwide access very quickly.

DNotes is very well positioned and always ready to make the next strategic move at the most opportune time. TeeGee can help me elaborate this point.

I must spend some time in the my garden today. I have a few hundred new (1st year) daylily seedlings that must be planted this week so that there is enough time to get established to survive the Chicago harsh winter. I will check back this evening.

It is indeed a relief to be able to confirm that the operators of Allcoin are honest people but caught up with an increasingly challenging environment for small business owners. I have established communication with them and will try to be of some help when I can. It DNotes' philosophy that we are the best customers everyone wishes to have. That is another secret to business success.

Always remember that we manage DNotes as a business but we do not control it like a business. There will always be incident like what we have just experience that is beyond our control. We must always let the free market forces rule. That was a healthy test and may still take a little more time to digest. So far it has held up well and I am especially impressed that withdrawal from DNotesVault has been  minimal.