[ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 223.

grandmama

member

Activity: 82

Merit: 10

Quote from: wiser on June 08, 2015, 12:07:54 AM

Quote from: Dyna on June 07, 2015, 05:10:09 PM

The following article is worth reading and here are my comments:

I am a supporter of Bitcoin and a strong believer that what is good for Bitcoin is good for our industry. Unfortunately, being the pioneer, Bitcoin has certain challenges it may never be able to overcome. Mass acceptance of Bitcoin as a currency is extremely remote but the innovative Blockchain technology will lead to massive new business formation and the new engine of huge job growth and wealth creation.

Without strong leadership and an entity or individual with sufficient self-interest to promote and protect Bitcoin as a currency, it will remain as a speculative trading vehicle and not likely to gain much traction as a medium of exchange to exploit the low transaction cost. The growing excitement today is not on Bitcoin as the currency to replace or supplement fiat currency but the power and potential of the Blockchain technology.

*************************************

Bitcoin: In Search Of Purpose

http://www.forbes.com/sites/jasonbloomberg/2015/06/05/bitcoin-in-search-of-purpose/
Jason Bloomberg Contributor

The article itself...

One line from that article that really resonated with me was the part where they talked about how merchants are happy to accept Bitcoin because it cuts down on their costs but that customers are not too excited about paying in Bitcoin. Here's the direct quote that expresses a huge reason why I don't pay for much with Bitcoin:

Furthermore, the commission for purchasing Bitcoin (or the spread, in the context of speculation) ranges from five to ten percent – even more than what merchants pay for their credit card support. Why would consumers ever agree to take on this expense if merchants are only too happy to bear such transaction costs today?

Paying for something in Bitcoin makes sense if you happen to have Bitcoin sitting around. But it doesn't make sense to trade fiat for Bitcoin just to pay for something with Bitcoin that you could just as easily pay for with fiat--and he's absolutely right about the credit card costs not being the customer's problem, at least not in a way the customer can easily see. The only reason someone might trade fiat into Bitcoin to pay for something with Bitcoin is if that "something" cannot be bought with fiat. When you think about "somethings" that can't be bought with fiat, the first thing that comes to mind are illegal "somethings." Perhaps that is why such a disproportionate amount of Bitcoin commerce is of the illegal variety. But that would change if it actually saved the customers money to pay with Bitcoin (without it being a complicated process). Since DNotes is a much more stable currency than Bitcoin, it's more realistic to expect that at some point down the road customers may even prefer to pay in DNotes.

As a merchant accepting credit cards I get really tired of paying the credit card companies anywhere from $800 up to $3500 a month!! When I see that automatically deducted from my account each month it simply drives me more to educate others about digital currency. And yes merchants get it because they see those fees having to be paid for each month and I am one of those thousands and thousands of small businesses out there that pay these credit card institutions each and every month. They are raking in millions at the expense of small business.

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Quote from: kanus1113 on June 09, 2015, 10:39:59 AM

"Obviously, MasterCard has been trying to exploit this tendency, taking advantage of the uninformed and misinformed public at large, including political leaders and regulators world wide."

It certainly seems that way.

There is too much to cover in that article that is inaccurate or misleading.

"speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified" - So in an hour on average the transaction is completely verified, instead of 24-48 'business' hours like my mastercard? Either way you get instant notification, but verification of transaction, bitcoin wins by a long shot.

"digital currencies are far more susceptible to hacking attacks" - I wonder how one could substantiate that claim? Several times in my life my account (mastercard) had someone withdrawing money from across seas. This also means they hacked have my personal information as well. Yet my bitcoins are still safe and sound since I started.

"To achieve economies of scale, the higher marginal costs of digital currencies will lead to a reduction in the number of miners down to a monopoly miner, defeating the original design of digital currencies and opening them up to system-wide fraud." - It is a competitive industry just like any other. I don't know what possible evidence you could have to substantiate this. Hundreds of thousands of miners are just going to give up?

"The "current blockchain process" doesn’t provide sufficient transparency" - From where I am sitting it is a lot more transparent than the credit card networks. If you ever plan to purchase anything with your bitcoin, it is basically 100% transparent.

"Finally, MasterCard believes the government should develop consumer protections which would force digital currency companies to create a formal consumer complaint process and enable the reversal of unauthorised charges." - Government consumer protections are fine, providing they are logical and don't inhibit progress. I like the use of the word reversal, like they can reverse CC transactions... lol. All they do is add a new transaction for the exact same amount back to the sender.

The arguments do clearly lack some knowledge of cryptocurrencies.

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Quote from: infovortice2013 on June 09, 2015, 08:20:37 AM

p2p is unstoppable Wink

In a way yes. In the U.S. they have the potential to inhibit innovation and business through regulation. I hope that is not the case. Countries like Argentina, who are embracing digital currency, will eventually become world leaders, while the rest of us watch on the sidelines.

kanus1113

sr. member

Activity: 452

Merit: 250

"Obviously, MasterCard has been trying to exploit this tendency, taking advantage of the uninformed and misinformed public at large, including political leaders and regulators world wide."

It certainly seems that way.

There is too much to cover in that article that is inaccurate or misleading.

"speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified" - So in an hour on average the transaction is completely verified, instead of 24-48 'business' hours like my mastercard? Either way you get instant notification, but verification of transaction, bitcoin wins by a long shot.

"digital currencies are far more susceptible to hacking attacks" - I wonder how one could substantiate that claim? Several times in my life my account (mastercard) had someone withdrawing money from across seas. This also means they hacked have my personal information as well. Yet my bitcoins are still safe and sound since I started.

"To achieve economies of scale, the higher marginal costs of digital currencies will lead to a reduction in the number of miners down to a monopoly miner, defeating the original design of digital currencies and opening them up to system-wide fraud." - It is a competitive industry just like any other. I don't know what possible evidence you could have to substantiate this. Hundreds of thousands of miners are just going to give up?

"The "current blockchain process" doesn’t provide sufficient transparency" - From where I am sitting it is a lot more transparent than the credit card networks. If you ever plan to purchase anything with your bitcoin, it is basically 100% transparent.

"Finally, MasterCard believes the government should develop consumer protections which would force digital currency companies to create a formal consumer complaint process and enable the reversal of unauthorised charges." - Government consumer protections are fine, providing they are logical and don't inhibit progress. I like the use of the word reversal, like they can reverse CC transactions... lol. All they do is add a new transaction for the exact same amount back to the sender.

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: TeeGee on June 09, 2015, 06:31:05 AM

Quote from: DNotes on June 08, 2015, 03:41:43 PM

MasterCard's assessments on digital currencies....

MasterCard: Digital Currency’s Risks Outweigh the Benefits

[...]

"We would argue that, when compared to MasterCard’s network, the claims pertaining to the speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified and that digital currencies are far more susceptible to hacking attacks."

[...]

Consumer protection

MasterCard's submission suggests any new regulation the UK government creates should address the current lack of consumer protections in the digital currency space.

One of the risks it flags is that consumers currently have no form of official redress if they use digital currency to make a purchase and the merchant fails to deliver their goods.

To further highlight the safety of the existing financial system in comparison, the document references the UK’s Financial Services Compensation Scheme, which guarantees customers of registered companies up to £85,000 per person in compensation if the firm goes out of business.

The response makes numerous references to the high-profile failure of bitcoin exchange Mt Gox, highlighting how customers can suffer due to the lack of protections in the digital currency space.

MasterCard also believes bitcoin users are in danger as the cost of mining bitcoins will rise when usage of the currency increases, until the cost becomes unsustainable. It continues:

"To achieve economies of scale, the higher marginal costs of digital currencies will lead to a reduction in the number of miners down to a monopoly miner, defeating the original design of digital currencies and opening them up to system-wide fraud."

[...]

Final recommendations

MasterCard suggests the government should create regulation that addresses the risks associated with cryptocurrency while still enabling lawful digital currency businesses to "flourish".

The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.

Digital currency companies should also be licensed and supervised in the same way non-bank money transmitters are. They should be required to "perform Know Your Customer checks, maintain an AML program, file suspicious activity reports and address cybersecurity vulnerabilities".

Finally, MasterCard believes the government should develop consumer protections which would force digital currency companies to create a formal consumer complaint process and enable the reversal of unauthorised charges.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

This is petty and malicious from MasterCard. They are doing the whole 'entrenching' thing I talked about only a few posts previously. MasterCard know that Bitcoin doesn't really have any 'leaders' or people providing direction for it in the way that DNotes does. This is why they are trying to make it expensive to get into the business. MasterCards biggest fear, is a team like DNotes that is led by accomplished business entrepreneurs coming in to actually challenge their model for global payments. So MasterCard moves to make it insanely expensive to run an exchange or online wallet, by lobbying the Government to add barriers of entry to new competitors.

Recognizing that "only the government could ensure the stability and continuity essential to their welfare," men of commerce and industry did not focus upon a "neutralization of the government." On the contrary, "They wanted a powerful government, but one whose authority stood at their disposal; a strong, responsive government through which they could manage their own affairs in their own way." - Robert Wiebe

There is an inherent tendency for promising emerging technologies to be deceptive at the formative stage, especially when perceived to be highly disruptive. Incumbents, who are the most direct targets of the disruption, often discount Bitcoin as a threat because of its explosive volatility and poor track record as a store of value. Bitcoin as a medium of exchange has not gained meaningful traction either. In such an environment, the immensely promising Bitcoin with the potential to be the greatest technology revolution of our generation can be quite deceptive; causing many to look back a few years from now wondering how they could have missed the early promising signs.

Obviously, MasterCard has been trying to exploit this tendency, taking advantage of the uninformed and misinformed public at large, including political leaders and regulators world wide. As TeeGee pointed out correctly, it does not help when Bitcoin is not only leaderless but divided, in terms of industry support. First they discounted that Bitcoin is a threat to their outdated and expensive global payment network systems. That alone would be fine, allowing time to be the judge. Clearly they are feeling threatened now; leading them to aggressively lobby for a drastic increase to the cost barrier of entry. This will stifle innovation and eliminate small business operators. I wish our industry can come together and be united to protect and promote the best interest of everyone.

infovortice2013

legendary

Activity: 1176

Merit: 1000

p2p is unstoppable Wink

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: IMZ on June 09, 2015, 01:51:24 AM

"This is such a refreshing community! I remember going through page after page of DarkCoin / XCurrency threads just over a year ago, and it was just flame, flame, flame over 'which is better' or 'who is first'. You come to DNotes forum, and it's all peaceful, on topic, respectful and educated; the thread attracts a certain type of participant."

IndiaMikeZulu has been discussing Dnotes intensively for three months now. (It came to our attention at the beginning of the only 'anomaly' its charts have ever had.) To our surprise -- as a compliment -- we have found ourselves discussing it as a 'corporate coin,' that is, one in which the community has figured out that marketing (to as broad an audience as possible) is The Next Big Innovation.

'Flame flame flame' is wealth goin' up in smoke.

Mark (IndiaMikeZulu), Australia

Mark, you are absolutely correct. DNotes has clearly differentiated itself in many ways. Among them, is the creation of a culture of mutual respect and teamwork, for the mutual benefit of everyone. For DNotes to be truly successful as the digital currency for global commerce it must not be limited to our own benefits but also to others worldwide. This is a huge statement of commitment, scope/scale and reach, but one that is productive and purposeful.

It takes a very strong commitment of leadership and other resources (including funding which we have little) to lead a small group of followers to become a vibrant community that believe and appreciate a respectful and productive environment or culture. Through very clear and consistent messaging; delivering as promised, DNotes is slowly gaining the trust and respect of many, including those who might have been indoctrinated with countless negative headlines.

TeeGee

hero member

Activity: 846

Merit: 535

Quote from: DNotes on June 08, 2015, 03:41:43 PM

MasterCard's assessments on digital currencies....

MasterCard: Digital Currency’s Risks Outweigh the Benefits

[...]

"We would argue that, when compared to MasterCard’s network, the claims pertaining to the speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified and that digital currencies are far more susceptible to hacking attacks."

[...]

Consumer protection

MasterCard's submission suggests any new regulation the UK government creates should address the current lack of consumer protections in the digital currency space.

One of the risks it flags is that consumers currently have no form of official redress if they use digital currency to make a purchase and the merchant fails to deliver their goods.

To further highlight the safety of the existing financial system in comparison, the document references the UK’s Financial Services Compensation Scheme, which guarantees customers of registered companies up to £85,000 per person in compensation if the firm goes out of business.

The response makes numerous references to the high-profile failure of bitcoin exchange Mt Gox, highlighting how customers can suffer due to the lack of protections in the digital currency space.

MasterCard also believes bitcoin users are in danger as the cost of mining bitcoins will rise when usage of the currency increases, until the cost becomes unsustainable. It continues:

"To achieve economies of scale, the higher marginal costs of digital currencies will lead to a reduction in the number of miners down to a monopoly miner, defeating the original design of digital currencies and opening them up to system-wide fraud."

[...]

Final recommendations

MasterCard suggests the government should create regulation that addresses the risks associated with cryptocurrency while still enabling lawful digital currency businesses to "flourish".

The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.

Digital currency companies should also be licensed and supervised in the same way non-bank money transmitters are. They should be required to "perform Know Your Customer checks, maintain an AML program, file suspicious activity reports and address cybersecurity vulnerabilities".

Finally, MasterCard believes the government should develop consumer protections which would force digital currency companies to create a formal consumer complaint process and enable the reversal of unauthorised charges.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

This is petty and malicious from MasterCard. They are doing the whole 'entrenching' thing I talked about only a few posts previously. MasterCard know that Bitcoin doesn't really have any 'leaders' or people providing direction for it in the way that DNotes does. This is why they are trying to make it expensive to get into the business. MasterCards biggest fear, is a team like DNotes that is led by accomplished business entrepreneurs coming in to actually challenge their model for global payments. So MasterCard moves to make it insanely expensive to run an exchange or online wallet, by lobbying the Government to add barriers of entry to new competitors.

Recognizing that "only the government could ensure the stability and continuity essential to their welfare," men of commerce and industry did not focus upon a "neutralization of the government." On the contrary, "They wanted a powerful government, but one whose authority stood at their disposal; a strong, responsive government through which they could manage their own affairs in their own way." - Robert Wiebe

IMZ

legendary

Activity: 1498

Merit: 1000

"This is such a refreshing community! I remember going through page after page of DarkCoin / XCurrency threads just over a year ago, and it was just flame, flame, flame over 'which is better' or 'who is first'. You come to DNotes forum, and it's all peaceful, on topic, respectful and educated; the thread attracts a certain type of participant."

IndiaMikeZulu has been discussing Dnotes intensively for three months now. (It came to our attention at the beginning of the only 'anomaly' its charts have ever had.) To our surprise -- as a compliment -- we have found ourselves discussing it as a 'corporate coin,' that is, one in which the community has figured out that marketing (to as broad an audience as possible) is The Next Big Innovation.

'Flame flame flame' is wealth goin' up in smoke.

Mark (IndiaMikeZulu), Australia

infovortice2013

legendary

Activity: 1176

Merit: 1000

Playing his game with his rules is obvious they want to appropiate some sistems and continue without compentece like until now.

RJF

hero member

Activity: 616

Merit: 500

Online since '89...

Quote from: DNotes on June 08, 2015, 03:41:43 PM

MasterCard's assessments on digital currencies....

MasterCard: Digital Currency’s Risks Outweigh the Benefits

[...]

"We would argue that, when compared to MasterCard’s network, the claims pertaining to the speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified and that digital currencies are far more susceptible to hacking attacks."

[...]

Consumer protection

MasterCard's submission suggests any new regulation the UK government creates should address the current lack of consumer protections in the digital currency space.

One of the risks it flags is that consumers currently have no form of official redress if they use digital currency to make a purchase and the merchant fails to deliver their goods.

To further highlight the safety of the existing financial system in comparison, the document references the UK’s Financial Services Compensation Scheme, which guarantees customers of registered companies up to £85,000 per person in compensation if the firm goes out of business.

The response makes numerous references to the high-profile failure of bitcoin exchange Mt Gox, highlighting how customers can suffer due to the lack of protections in the digital currency space.

MasterCard also believes bitcoin users are in danger as the cost of mining bitcoins will rise when usage of the currency increases, until the cost becomes unsustainable. It continues:

"To achieve economies of scale, the higher marginal costs of digital currencies will lead to a reduction in the number of miners down to a monopoly miner, defeating the original design of digital currencies and opening them up to system-wide fraud."

[...]

Final recommendations

MasterCard suggests the government should create regulation that addresses the risks associated with cryptocurrency while still enabling lawful digital currency businesses to "flourish".

The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.

Digital currency companies should also be licensed and supervised in the same way non-bank money transmitters are. They should be required to "perform Know Your Customer checks, maintain an AML program, file suspicious activity reports and address cybersecurity vulnerabilities".

Finally, MasterCard believes the government should develop consumer protections which would force digital currency companies to create a formal consumer complaint process and enable the reversal of unauthorised charges.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

This brings to mind an old adage: "People who live in glass houses should not throw stones" Their fear is showing...

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

MasterCard's assessments on digital currencies....

MasterCard: Digital Currency’s Risks Outweigh the Benefits

[...]

"We would argue that, when compared to MasterCard’s network, the claims pertaining to the speed and safety of digital currencies [do] not hold up, not least given that on average it takes 10 minutes for a block to be verified and that digital currencies are far more susceptible to hacking attacks."

[...]

Consumer protection

MasterCard's submission suggests any new regulation the UK government creates should address the current lack of consumer protections in the digital currency space.

One of the risks it flags is that consumers currently have no form of official redress if they use digital currency to make a purchase and the merchant fails to deliver their goods.

To further highlight the safety of the existing financial system in comparison, the document references the UK’s Financial Services Compensation Scheme, which guarantees customers of registered companies up to £85,000 per person in compensation if the firm goes out of business.

The response makes numerous references to the high-profile failure of bitcoin exchange Mt Gox, highlighting how customers can suffer due to the lack of protections in the digital currency space.

MasterCard also believes bitcoin users are in danger as the cost of mining bitcoins will rise when usage of the currency increases, until the cost becomes unsustainable. It continues:

"To achieve economies of scale, the higher marginal costs of digital currencies will lead to a reduction in the number of miners down to a monopoly miner, defeating the original design of digital currencies and opening them up to system-wide fraud."

[...]

Final recommendations

MasterCard suggests the government should create regulation that addresses the risks associated with cryptocurrency while still enabling lawful digital currency businesses to "flourish".

The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.

Digital currency companies should also be licensed and supervised in the same way non-bank money transmitters are. They should be required to "perform Know Your Customer checks, maintain an AML program, file suspicious activity reports and address cybersecurity vulnerabilities".

Finally, MasterCard believes the government should develop consumer protections which would force digital currency companies to create a formal consumer complaint process and enable the reversal of unauthorised charges.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

TeeGee

hero member

Activity: 846

Merit: 535

Quote from: Dyna on June 08, 2015, 05:42:26 AM

Quote from: ?? on ??

Quote from: Dyna on May 20, 2015, 09:24:22 PM

In 2007 I started helping a struggling small business owner to diversify his seasonal heating business to include a second seasonal business to even out cash flow. That gave birth to Smokeys Daylily Gardens, one of the largest Daylily growers in the world today. Our web developer and internet guru, whom I have been working with closely for many years introduced me to Bitcoin in November 2013. When I finally decided to do some serious research, I could not stop thinking that we finally have all the needed parts to help alleviate some significant global problems that had not been possible before.

So... you first heard about Bitcoin in November 2013, and launched DNotes in February 2014. Of course you went into it with plenty of computer and entrepreneurial experience, but even so, that was some serious cramming.

Welcome to DNotes forum. JBGardner. Hope to see you here often. This is a very friendly and helpful community. Feel free to ask any questions and let us know if there is anything we can be of help.

I have heard of Bitcoin before November 2013 but did not know enough to even form an opinion. So you are correct, that was some serious cramming for a few months. I visited every single forum, invested and studied a few very closely. I still spend a lot of time these days to ensure that I stay deeply informed. This is a very complex and challenging industry with a lot of moving parts. We are fortunate to have a very knowledgeable team.

I recall when I first learned what 'mining' was after purchasing a new computer with a high end graphics card. Technology changes lives, and after seeing a friend on Facebook discussing his 'hash rate', I decided to see what my graphics card could do out of pure interest. After doing a little bit of research, I discovered that the stuff had an actual value! It could even be traded for dollars if one so desired. I then saw the immediate potential of the blockchain; the decentralised nature of it was exactly what I'd been looking for as the solution to ordinary people owning their own money supply again! I couldn't actually believe I hadn't come across it earlier. I had heard of Bitcoin perhaps once before in a brief interview video, but I discarded it as 'fantasy money' much like a rewards program or 'paypal' (which nobody uses here in NZ). I did not learn about Bitcoins decentralised nature at that time, or I would have probably jumped in right then and there (and retired early). The blockchain was clearly so innovative and interesting that I spent months glued to my computer, monitoring my hash-rates, new coins, and general potential behind the technology.

This is such a refreshing community! I remember going through page after page of DarkCoin / XCurrency threads just over a year ago, and it was just flame, flame, flame over 'which is better' or 'who is first'. You come to DNotes forum, and it's all peaceful, on topic, respectful and educated; the thread attracts a certain type of participant. It took me about 2 weeks of reading the forum to finally say hello.

This is some of what I said on March the 17th 2014 on this forum,

Quote from: TeeGee on March 16, 2014, 11:39:30 PM

Hello all!

Just thought I would sign up especially to say hello to the DNotes community from New Zealand. I love what I see here and have mined your coin for a wee while. I hope to actively work with you guys to aid in marketing and wide spread adoption of the coin - we all have a vested interest in this scenario as stake holders. I reviewed several coins when I got into mining several weeks ago and DNotes seemed to be the most professional looking of the lot. It is great to see the developers actively engaging with the community, and now here I am as a result.

TeeGee

That was my first post on any internet forum. DNotes has come so far since that post. Back then, DNotes just had a newly launched currency, a website, and a few faucets. Today DNotes has Cryptomoms to encourage female participation and crypto education, DNotesvault to make ease of the complicated crypto learning curve, CRISP plans to help people from all backgrounds to save and acquire digital currency, mainstream media attention, and the most mature and task-directed crypto forum on BitcoinTalk.

Now one of the founders is to speak at NASDAQ.

I'm excited.

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Quote from: Dyna on June 08, 2015, 05:42:26 AM

Quote from: ?? on ??

Quote from: Dyna on May 20, 2015, 09:24:22 PM

In 2007 I started helping a struggling small business owner to diversify his seasonal heating business to include a second seasonal business to even out cash flow. That gave birth to Smokeys Daylily Gardens, one of the largest Daylily growers in the world today. Our web developer and internet guru, whom I have been working with closely for many years introduced me to Bitcoin in November 2013. When I finally decided to do some serious research, I could not stop thinking that we finally have all the needed parts to help alleviate some significant global problems that had not been possible before.

So... you first heard about Bitcoin in November 2013, and launched DNotes in February 2014. Of course you went into it with plenty of computer and entrepreneurial experience, but even so, that was some serious cramming.

Welcome to DNotes forum. JBGardner. Hope to see you here often. This is a very friendly and helpful community. Feel free to ask any questions and let us know if there is anything we can be of help.

I have heard of Bitcoin before November 2013 but did not know enough to even form an opinion. So you are correct, that was some serious cramming for a few months. I visited every single forum, invested and studied a few very closely. I still spend a lot of time these days to ensure that I stay deeply informed. This is a very complex and challenging industry with a lot of moving parts. We are fortunate to have a very knowledge team.

Welcome JBGardner! Look forward to seeing you here again.

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: ?? on ??

Quote from: Dyna on May 20, 2015, 09:24:22 PM

In 2007 I started helping a struggling small business owner to diversify his seasonal heating business to include a second seasonal business to even out cash flow. That gave birth to Smokeys Daylily Gardens, one of the largest Daylily growers in the world today. Our web developer and internet guru, whom I have been working with closely for many years introduced me to Bitcoin in November 2013. When I finally decided to do some serious research, I could not stop thinking that we finally have all the needed parts to help alleviate some significant global problems that had not been possible before.

So... you first heard about Bitcoin in November 2013, and launched DNotes in February 2014. Of course you went into it with plenty of computer and entrepreneurial experience, but even so, that was some serious cramming.

Welcome to DNotes forum. JBGardner. Hope to see you here often. This is a very friendly and helpful community. Feel free to ask any questions and let us know if there is anything we can be of help.

I have heard of Bitcoin before November 2013 but did not know enough to even form an opinion. So you are correct, that was some serious cramming for a few months. I visited every single forum, invested and studied a few very closely. I still spend a lot of time these days to ensure that I stay deeply informed. This is a very complex and challenging industry with a lot of moving parts. We are fortunate to have a very knowledgeable team.

SmokeysGardens

full member

Activity: 157

Merit: 100

Quote from: ?? on ??

Quote from: Dyna on May 20, 2015, 09:24:22 PM

In 2007 I started helping a struggling small business owner to diversify his seasonal heating business to include a second seasonal business to even out cash flow. That gave birth to Smokeys Daylily Gardens, one of the largest Daylily growers in the world today. Our web developer and internet guru, whom I have been working with closely for many years introduced me to Bitcoin in November 2013. When I finally decided to do some serious research, I could not stop thinking that we finally have all the needed parts to help alleviate some significant global problems that had not been possible before.

So... you first heard about Bitcoin in November 2013, and launched DNotes in February 2014. Of course you went into it with plenty of computer and entrepreneurial experience, but even so, that was some serious cramming.

True. That was a very steep learning curve. I cannot speak for Alan, but I had heard of Bitcoin before that (the story of throwing away millions of dollars worth of Bitcoin on a hard drive). November 2013 was when our internet guru told us about his idea for DNotes. Short incubation time there, though. It is incredible what a team of dedicated, seasoned, and VERY determined people can do when you focus one thing for 16 or 18 hours a day. As a team, when building Smokeys Gardens, the three of us worked our fingers to the bone, working 10 to 12 hours a day in the field, then strategizing till midnight almost every weeknight. There were times when Alan and I put in over 100 hours of labor in the field, literally for months on end. The only other person I know that worked like that is my Dad, who is almost 80 and still comes up to the garden 2 or 3 days a week and does battle with the weeds. We tried hiding the sprayers from him, but he always finds em and goes to work. Guys like my Dad and Alan are like old hunting dogs. They are happiest when they are on a scent. Alan is on a scent, and nothing is gonna stop him. I have seen him in action close-up for many years. Do not underestimate him. I think he could inspire me to move a mountain with a teaspoon. (I would try to talk him into getting a bulldozer though).

Smokey

wiser

legendary

Activity: 1806

Merit: 1029

Quote from: IMZ on June 08, 2015, 12:35:19 AM

"Must include women - CryptoMoms"

Not at liberty to way who and where, but it's bizarre to me that a group of us is having to go out on a limb to even have considered the notion that gratuitous misogyny on a crypto thread would be a concern to anyone at all.

In parallel -- throw this idea out there -- a guy I know has mooted the idea of an 'Accreditation' for crypto sites that adhere to certain social standards (porn-free, for example).

I can't tell you how much of a turnoff seeing porn on sites or even people's tasteless pictures in forum posts is. When I see inappropriate stuff posted, I post a reminder to people that if they truly want their coin to go mainstream, they are going to have to eliminate that banter. All it takes to turn off a potential adopter is for them to be reading through a thread and have one of their children start looking at the screen at the wrong moment. I don't even have to go into the moral issues I have with porn--it's plain bad business if you actually want people to adopt your hot alt coin. I find the lack of awareness of this and the assumption that everyone reading a given thread is going to be thrilled (not offended) by the pictures to be astounding.

OK, rant over.

I'm very thankful that among other things, the DNotes team is very professional

I can read the DNotes thread or CryptoMoms forum all I want and not worry if my children happen to be reading over my shoulder.

IMZ

legendary

Activity: 1498

Merit: 1000

"Must include women - CryptoMoms"

Not at liberty to way who and where, but it's bizarre to me that a group of us is having to go out on a limb to even have considered the notion that gratuitous misogyny on a crypto thread would be a concern to anyone at all.

In parallel -- throw this idea out there -- a guy I know has mooted the idea of an 'Accreditation' for crypto sites that adhere to certain social standards (porn-free, for example).

"I get the impression the MSM really doesn't understand Bitcoin. I suspect it's because the writers haven't dug into it deeply enough, or even tried it out much."

There's a thang here, Wiser. Certainly, the MSM was culpably 'shallow' in their article research; but (a) The Powers That Be had a fabulous stranglehold on crypto-related articles until very recently, and (b) the sources the MSM-ers would have needed to find are awesomely difficult for ordinary folk to find.

[Wa ha ha. I tried my best: http://www.marketoracle.co.uk/Article45811.html -- May last year.]

Mark (IndiaMikeZulu), Australia

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Quote from: Dyna on June 07, 2015, 03:45:15 PM

Quote from: kanus1113 on June 07, 2015, 02:23:38 PM

Quote from: Dyna on June 07, 2015, 10:45:31 AM

More details have been released concerning the Silicone Dragon NY 2015. I will be speaking on a panel at this event. Please check out the following link:

http://www.silicondragonventures.com/events/events-2015/silicon-dragon-ny-2015/
INNOVATION SPOTLIGHT: DIGITAL CURRENCIES

Francesco Rulli, Founder, BitLanders & BitCharities
Sarah Martin, VP, Digital Currency Council
Alan Yong, Founder, DNotes
Moderator: Porter Bibb, Managing Partner, MediaTech Capital

This is likely to be their biggest event and DNotes is the digital currency being highlighted. Wall Street is hot on Bitcoin but also have doubts about Bitcoin gaining mass acceptance. Even though our budget is getting tight, we may decide to have a press release the week of June 15, 2915.

Coming up with the right headline and developing the most appropriate content is a little challenging based on what I like to see, especially when I no longer have a long stretch of time when I can just focus in writing a persuasive and compelling article. Furthermore, we simply have too much to cover in one article. It’s amazing how much DNotes and its community have accomplished in just over a year. We can certainly use your help comment and add to the PR based on my suggested out line below. For some prospective and reference, please Check out "Bitcoin In Search Of Purpose”:
http://www.forbes.com/sites/jasonbloomberg/2015/06/05/bitcoin-in-search-of-purpose/

A great press release will need to have an attention grabbing headline covering the following points:
1. Is the industry giving up on the "trustless" Bitcoin to ever gain mass acceptance? Everyone rushing to Blockchain.

2. Bitcoin may never fully recover from countless negative headlines and settled with limited purpose; as a speculative trading vehicle, failing to ever meet the full function of money and gain mass acceptance. It is too costly to acquire, too volatile as a store of value and medium of exchange and stakeholders limited to certain groups.
In contrast; DNotes

3. DNotes is the second generation Bitcoin alternative digital currency taking full advantage of the pioneer's innovation while avoiding their pitfalls, while creating a culture of mutual respect and co-operation for mutual benefits.

4. Branding: stability, trust, reliable long-term appreciation, currency value in line with fundamental value - no pump and dump.

5. Mass inclusion for mass acceptance: Must include women - CryptoMoms;
For everyone - unborn and most senior, rich or poor. Family of CRISPs.

6. Currency with a purpose - global initiatives to help solve global problems; the unbanked and cross border currency remittance. Long term initiatives to grow next generation of leaders to solve global problems.

7. Own ecosystem with highly scaleable buildings block to expand rapidly on a global scale at the most opportune time.
8. Ease of use, secure and guarantee; DNotesVault

9. Conclusion: There should be little doubt that Bitcoin will be the greatest technology revolution in the history of mankind. Bitcoin as a currency is an integral part of the technology pack; powered by the Blockchain as the most innovative protocol of decentralized distributed consensus ledger. DNotes, designed from ground up with a purpose, as the stable trustworthy digital currency for everyone is destined to be the Digital Currency of The Future with Lasting Value. That is the currency with the highest potential for mass global acceptance.

Pretty amazing. Did some research and Silicon Dragon appears to be popular in the tech, innovation, venture capital worlds. This could be the tipping point mentioned in TeeGee's post. Can't wait to see if it televised or published.

With the amount of growing interest from Wall Street these days there should be some media coverage. It will be recorded and made available on Youtube. Could be a lot of fun.

Bo doubt anyone investing in DNOTES even now will be an earlier adopter of this digital currency. I had relatives around and my Son is coming over again in a few days so always trying to educate them about how this tehcnology can really have an impact on their lives. DNOTES is surely poised in a very advantageous position among 500 or more alts, most of them pretty dysfunctional with trust issues.

..Also re the Millenials, all my nieces still live with their mother and my Son in the U.K still lives at home wiht his father, so yes it's so true the younger generation are adopting a less corporate lifestyle than their predecessors..It really is the ripest time for longer lasting change..Also we have to change if we want to survive as a species..it's no longer a choice.. DNOTES will help us participate actively for real change.

wiser

legendary

Activity: 1806

Merit: 1029

Quote from: Dyna on June 07, 2015, 05:10:09 PM

The following article is worth reading and here are my comments:

I am a supporter of Bitcoin and a strong believer that what is good for Bitcoin is good for our industry. Unfortunately, being the pioneer, Bitcoin has certain challenges it may never be able to overcome. Mass acceptance of Bitcoin as a currency is extremely remote but the innovative Blockchain technology will lead to massive new business formation and the new engine of huge job growth and wealth creation.

Without strong leadership and an entity or individual with sufficient self-interest to promote and protect Bitcoin as a currency, it will remain as a speculative trading vehicle and not likely to gain much traction as a medium of exchange to exploit the low transaction cost. The growing excitement today is not on Bitcoin as the currency to replace or supplement fiat currency but the power and potential of the Blockchain technology.

*************************************

Bitcoin: In Search Of Purpose

http://www.forbes.com/sites/jasonbloomberg/2015/06/05/bitcoin-in-search-of-purpose/
Jason Bloomberg Contributor

The article itself...

One line from that article that really resonated with me was the part where they talked about how merchants are happy to accept Bitcoin because it cuts down on their costs but that customers are not too excited about paying in Bitcoin. Here's the direct quote that expresses a huge reason why I don't pay for much with Bitcoin:

Furthermore, the commission for purchasing Bitcoin (or the spread, in the context of speculation) ranges from five to ten percent – even more than what merchants pay for their credit card support. Why would consumers ever agree to take on this expense if merchants are only too happy to bear such transaction costs today?

Paying for something in Bitcoin makes sense if you happen to have Bitcoin sitting around. But it doesn't make sense to trade fiat for Bitcoin just to pay for something with Bitcoin that you could just as easily pay for with fiat--and he's absolutely right about the credit card costs not being the customer's problem, at least not in a way the customer can easily see. The only reason someone might trade fiat into Bitcoin to pay for something with Bitcoin is if that "something" cannot be bought with fiat. When you think about "somethings" that can't be bought with fiat, the first thing that comes to mind are illegal "somethings." Perhaps that is why such a disproportionate amount of Bitcoin commerce is of the illegal variety. But that would change if it actually saved the customers money to pay with Bitcoin (without it being a complicated process). Since DNotes is a much more stable currency than Bitcoin, it's more realistic to expect that at some point down the road customers may even prefer to pay in DNotes.

Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 223. (Read 814542 times)