Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 226. (Read 814542 times)

Thank you, I had cojack make it for me.

Thanks cojack!!

Interesting, I wasn't aware but then again, I don't normally place orders or end up on the payment page, this was a personal order. 

Very interesting. I might comment on this tomorrow if I have a chance.

Nice, spartak seems familiar, probably from the early days of DNotes. One clarification though for anyone reading, the literal premine was 5%. 3% allocated to essentially giveaway, and 2% was allocated for long term support, marketing, and development. Another 5% was added to the block reward in the early months for miners, that is the part that seems to confuse people as part of the premine.

P.S. Just noticed your CRISP coin, for your personal logo. Very cool

There is an interesting conversation going on in Altcoin Discussion:


"What altcoin community has the most active developers?"  -  https://bitcointalksearch.org/topic/what-altcoin-community-has-the-most-active-developers-1079831








                                                

The overall outlook is positive, not just for bitcoin but digital currency in general. It may seem a bit obvious to most of us, but they hit the nail on the head, it is not ready to replace to yet replace fiat currency, and it could take some time. New investors will be looking for bitcoin alternatives that have the kind of foundation DNotes is building.

Entrepreneurs Jump on the Bitcoin Bandwagon

The media is covering it. Universities are studying it. The government is seeking to regulate it. And entrepreneurs are embracing it. Business owners throughout the country have begun to accept bitcoin as the currency of the future.

[...]

Is bitcoin the wave of the future? Maybe. But entrepreneurs, the quintessential risk-takers, are willing to hedge their bets. For those business owners thinking of offering bitcoin as a method of payment for customers, Stephen Shearin, president of AmericanGreen (the first publicly traded medical marijuana dispensary brand in the world), recommends maintaining the traditional methods of payment, like credit cards and even cash.

Because bitcoin is not yet universally accepted, a fair amount of public education is still necessary before people accept bitcoin as a legitimate currency.

http://www.entrepreneur.com/article/246607

Dell has been accepting Bitcoin since last July 2014. It has been reported that about 100,000 businesses worldwide accept Bitcoin. Unfortunately, real transactions in Bitcoin as payment has not been that impressive. We are cautiously moving forward by working with different groups. It is very time consuming. I just got done on an international conference call with very high power representatives with ties to the world bank and the Bill and Melinda Gates foundation. This group is specifically interested to empower and assist women in business. I shared my vision of DNotes and a lot of great ideas were discussed. My walk away is that larger organizations take a long time to get things done. It is amazing how much DNotes has accomplished in just over a year. We have a lot to be proud of.

Here's something interesting. I just noticed that Dell Computers now accepts Bitcoin! My company is a Dell shop, we have over 100 workstations, 20 servers and 30 laptops and all are Dell. I've been looking for a way to convince them to embrace digital currency and this might well be the "foot in the door" so to speak. Even more important, it tells me the revolution is quietly gaining corporate converts.

Go Dell, thanks for moving toward the future. Now, how about some DNotes savings plans for your workers and customers?

 

In the case of New York, I agree with you. I have not, however, had a chance to track down and read Wyoming's law which Coinbase has a problem with.

http://www.coindesk.com/coinbase-suspends-operations-in-wyoming/?utm_source=CoinDesk+subscribers&utm_campaign=e3d0f5107f-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-e3d0f5107f-78905009

I attempted to read the entire 44 pages of the final regulations on New York State BitLicense and arrived as the same conclusion best summed up by Michael J. Casey of Wall Street Journal today: http://www.wsj.com/articles/ny-financial-regulator-lawsky-releases-final-bitlicense-rules-for-bitcoin-firms-1433345396

"“will require certain providers of digital-currency services operating in New York State—in particular, those with custody of customers’ funds and which exchange virtual currencies for dollars and other fiat currencies—to apply for a specially tailored Department of Financial Services license.”

At this point, I do not believe that it applies to DNotesVault. DNotesVault does not trade or exchange DNotes for other virtual currencies and other fiat currencies. Furthermore, DNotes is not operating in New York.

You are absolutely correct. While we feel it is the safest product on the market for storing your coins, it is all about choices and options, and others may be more comfortable with securing their own coins. The risk for the average person to attempt to secure their own coins, without the technical knowledge to secure their computers, and make backups is fairly high.

The example I use is the family computer where the kids have access to the computer, it may not even have adequate virus protection and they may not own a dedicated thumb drive to backup their coins. If they lose their wallet, the computer crashes, or they get a virus, the coins may be compromised or lost for good. Once they have that experience, it will be very difficult for them to want to be involved again.

A prediction:

The next big crypto business: Bitcoin Exchange Insurance

Banks and credit card companies are hacked just about every day. Only difference is the government insures them and you and I pay for the losses with our taxes.and the interest we DON'T earn on our deposits. Perhaps the next big business model should be Bitcoin exchange insurance though I doubt the government would have the sense or foresight to provide it through the FDIC but, private industry could....

Sure DNotesVault is fundamental for massive adoption, just purposign an extension for CRISP retirement plans, yeah maybe a challenge but is viable to be done. Give retirement plans like a present in a paper for use in 4-20 years is powerfull merchandaising too.

just an idea that satisface a piece of market. all start to be decentraliced for strong reasons.

"If it's not 100% ..."  Absolutely NOTHING, in the entire Universe, is 100%, lets keep that in mind. We believe it's as close as it can be at this level of technology and development. Remember, this industry did not even exist 10 years ago. And it is far from mature. We do believe we can help with that growth toward maturity with this offering and others to come but, like everyone else, we are only human...

PS: Does anyone else offer a 100% matching fund guarantee? That alone should speak volumes. And, moving these offerings to individual wallets would, at this point in time, if even possible, make them LESS secure. DNotes has no control over YOUR wallet. Is it password protected? Do you leave it open and online? How many virus' do you currently have on your PC that you don't know about?

You know, when you run your virus scanners and they find things to remove? You think your safe right? No so my friend. If the scanner finds something, chances are there is something else it did not find. Also, how long was the malware running on your PC before it was flagged? Don't take security for granted, "key loggers" are the most widespread malware out there. They are silent and deadly. It only takes a few seconds to grab the passwords you use daily so, as always, it's up to you to be SURE your virus and malware software is constantly updated and running in the background.

It's a jungle out there, watch for the man eaters....

DNotes is a strong supporter of Bitcoin and a few of us hold a fair number of Bitcoin. We believe that what is good for Bitcoin is good for the industry. We respect the ideology that “bitcoiners should not trust anyone and no authority accepted for care his money”. (Quote from: infovortice2013 on Today at 10:57:17 AM)

However, DNotesVault is meant for the convenience of others who agree that DNotesVault is a better solution. I am a strong believer that it is always better to have options and choices than none at all.  Expanding “CRISP retirement plans to personal wallets” will be challenging. We prefer clear choices. CRISP is a self-directed savings plan. Anyone, can start their own plan using their personal wallet.

This may effect us:

"Coinbase Suspends Operations in Wyoming

San Francisco-based bitcoin company Coinbase has suspended operations in Wyoming until further notice.

A company blog post cited the Wyoming Division of Banking's recent regulatory legislation as a decisive factor for ceasing business in the western US state, noting it would render continued operations impractical.

"We understand that the Wyoming Division of Banking interprets the Wyoming Money Transmitter Act to require licensure of entities which offer hosted bitcoin wallet services, and that as a condition of such licensure, licensees must maintain dedicated fiat currency reserves in amount equal to aggregate face value of all bitcoin held on behalf of customers," noted the post.

Coinbase said it would be impractical, costly and inefficient for the company to establish a redundant reserve of fiat currency in equivalent value.

"We understand this suspension will inconvenience our Wyoming customers and we apologise that we cannot currently project if or when our services may be restored," it concluded.

CoinbaseUS"

My take:

The key here, I suppose, is the definition of "hosted wallet service" Is DNotesVault a "hosted wallet service" or not? If so, there might be an issue to deal with. Personally, I don't see it as that. It is not designed to be used as a wallet with constant deposits and withdrawals but, I can see where others may disagree. If the law does apply then we would need to ask for a person's state of residence if in the USA and deny them if in Wyoming. A response form with information on how to contact their state and request more information or a filled out petition to the state to exempt certain crypto businesses from the law could be automatically sent if they digitally signed it or at least provided their contact info. A copy should be sent to storage for staff.

And remember, there's always "change.org" for this kind of thing that will effect all coins and operations in the sector.

Only applies to those Bitcoin operations based in New York state. Here in the US, each state has it's own regulations concerning money, all 50 of them.

There's a tough balance to be struck between security and convenience. When it comes to cryptocoins, the most secure option is for everyone to have their own PC wallets (or Trezor) protected by an unbreakable private key and behind a superb firewall. I heard of one person who kept a wallet like that and only took down the firewall once a week to check his balance. Even better, each individual wallet holder would take the time and effort to learn how to make a paper wallet and keep funds in cold storage. He or she would know how to encrypt flash drives and keep the wallets there so no one could ever touch them. He'd also know to keep those duplicated and stored in multiple locations that only he knows about. And it goes on...

The reality is that very few people are going to take these measures because while secure, they are inconvenient. When it comes to everyday use, we'd rather go with "good enough" in terms of security in favor of ease of use and convenience. DNotes' goal is for mass adoption of its currency, mainly, to be adopted by people who do not have any experience with Bitcoin to date. These people will use DNotes if they see a benefit to it, but they are not going to take the time to figure out PC wallets, paper wallets, encrypted wallets, or anything like that. Those things are entry barriers. Even without dealing with a private key, I personally gave up on my PC Bitcoin wallet months ago because it takes so darned long to update the block chain--it's too much of a burden on me (not to mention my patience) as well as my computer's resources. The reason I can keep going with Bitcoin is thanks to online wallets like Coinbase and trade exchange built in wallets. Yes, I'm trusting a third party to keep my funds safe, but it's easier than dealing with the entire block chain.

The DNotes team understands this and has come up with a system which is very good from a security perspective, but also very easy and convenient to use. This lowers the adoption barrier as anyone with some Internet experience can find their way around a DNotes Vault account. There's a much smaller pool of people who are willing to deal with all the hassle of downloading and encrypting QT wallets and also keeping up with their updates.

It does make sense for any cryptocoin at this point to cater to both types of adopters. However, if you can't please everyone, the reality is your larger pool of potential users comes from the folks who want convenience and ease of use and are fine with "good enough" in terms of security. It's that larger pool that DNotes is after.

Thanks for chiming in, I share your view. I too still have my concerns despite all the security measures taken. If it's not 100% and someone else has the keys it's compromisable. I'm not bashing your service at all, just having that splinter of doubt...

Thats for all states of USA ? What this mean for DNotes ?


The doubts that BitcoinForumator ask about DNotesVault are so common, bitcoiners should not trust anyone and no autority accepted for care his money.

I like to purpose expand CRISP retirement plans to personal wallets, its quite simple see if funds are moved or not, cant recive monthly payment but can take full payment after years elected, isnt? Just sign your wallet and funds in CRISP plan.

This possibility can atract more people to plans. Really me too will be more calm if can have my crisp retirement plan in a paperwallet, or in usb wallet. Somedays start to think about problems vault can make... and i trust and support DNotes but... im a bitcoiner