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Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 238. (Read 814542 times)

sr. member
Activity: 364
Merit: 250
Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.
legendary
Activity: 1610
Merit: 1060

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.



This is a good thing for the value of DNotes. 

In order for large investors to buy shares in a company, they need to know what they are investing in.  Since they are being directed to this forum, a certain amount of the plan is going to have to be made public.  This is a large amount of money coming into the DNotes ecosystem (future conglomerate) Wink.  This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works.

This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed!

This is what we were promised from the beginning and this is how it is done when it is done right.

Thank you DNotes team!



Chase, you are absolutely correct. I am now connected to over 20 Venture Capital firms and large investors. Some of them are already visiting this forum. I have been down that route before. Except I am a little older and may be a little wiser. But one thing for sure is that I have the best interest of our stakeholders in mind at all time. This can be a fairly long and demanding process. We are also establishing multiple fall back or options.
legendary
Activity: 1610
Merit: 1060
Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context.

1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTH

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.



Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/



yeah and another important thing is how bitcoin will be distributed.... you can find charts that 2 anonimus gigant pools already have more than 51% of mining power, and really think small miners can do nothing against that in long term.

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.


Here is an earlier quote I made on May 16, 2017. It should give you a clue why DNotes has a very different philosophy others are not likely to copy. Read it carefully.

"We do not sell any DNotes. I purchased every single DNotes I own through the different exchanges where DNotes are listed. This includes well over 2 million DNotes I purchased and given away. DNotes is the decentralized currency without the central authority or control of any entity or group of individuals. It is owned, at will, by all of its stakeholders. Being at will ownership means shakeholders of DNotes can change their DNotes ownership in whole or in parts without notice. The same rules apply to the community. The community can be abandoned without notice. This new ownership concept has its strengths and weaknesses. DNotes team has developed multi-layer strategies to  compensate for the weaknesses while exploiting its strengths. DNotes team believes that one of Bitcoin's biggest challenges is because of the lack of an individual or a group of individuals who collectively have sufficient self interest to protect and promote Bitcoin, and stand by it.

We are in totally support of the decentralized philosophy of the currency. What we believe to be of paramount importance is a group of individuals, with sufficient self interest, and or an entity along side of the currency with great leadership and commitment to protect and promote the best interest of the currency on behalf of all of DNotes stakeholders. Up to this point, that support group of individuals are the DNotes team along with its community and collectively they clearly have to the self interest to protect, promote and stand by DNotes the currency. We just disclosed a large part of our trade secret. However, making it happen is a totally different issue. I will let others comment on it.

We will be adding an additional layer of support in the coming months. One or more companies will be incorporated to be the owners of our ecosystem, namely DNotesVault and CryptoMoms, and DNotes exchange and other properties in the future. This will be a for profit company or group of companies. DNotes the currency will own as much as 25% of this company. (The ownership structure of this company has not being finalized) By extension ownership, any stakeholder of DNotes will also owns a part of "The Company". This company will be used as the vehicle to raise working capital for our anticipated rapid expansion starting next year. One of our winning strategies is that "we are willing to do things others won't do, so that one day we can do things others can't do".

Let us take it one step further. Newco is a private company and a part of DNotes ecosystem. It is founded and funded by the DNotes team. Its owners decided to give up to 25% of the company to DNotes the currency.  In contrast, Coinbase is also a private company and a part of Bitcoin ecosystem. It is owned by the founding team and some investors. It can but has not given any ownership to Bitcoin, the currency. That is the norm, because they don’t have to.  I hope you are beginning to see the significance of the DNotes' model. In addition, a few of our major stakeholders will be contributing 10 million DNotes to Newco. With a "basket of value" consisting of 10 million DNotes + CryptoMoms + DNotesVault + future projects (including a world class regulated exchange) = Newco, being used as the company to raise a substantial amount of working to support anticipated rapid growth.

It is complicated, but I certainly hope that you are beginning to see a clearer picture.
legendary
Activity: 1932
Merit: 1111
DNotes
All, any ideas for the tagline for CRISP for Employee Incentive Benefits?

legendary
Activity: 1932
Merit: 1111
DNotes

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.



This is a good thing for the value of DNotes. 

In order for large investors to buy shares in a company, they need to know what they are investing in.  Since they are being directed to this forum, a certain amount of the plan is going to have to be made public.  This is a large amount of money coming into the DNotes ecosystem (future conglomerate) Wink.  This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works.

This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed!

This is what we were promised from the beginning and this is how it is done when it is done right.

Thank you DNotes team!



Thank you Chase, you are exactly correct. Information about the direction of DNotes is required for potential investors, this differs from the information we can provide about individual projects that have their own timeline.
legendary
Activity: 1638
Merit: 1005

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.



This is a good thing for the value of DNotes. 

In order for large investors to buy shares in a company, they need to know what they are investing in.  Since they are being directed to this forum, a certain amount of the plan is going to have to be made public.  This is a large amount of money coming into the DNotes ecosystem (future conglomerate) Wink.  This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works.

This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed!

This is what we were promised from the beginning and this is how it is done when it is done right.

Thank you DNotes team!

legendary
Activity: 1176
Merit: 1000
Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context.

1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTH

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.



Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/



yeah and another important thing is how bitcoin will be distributed.... you can find charts that 2 anonimus gigant pools already have more than 51% of mining power, and really think small miners can do nothing against that in long term.

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.
hero member
Activity: 846
Merit: 535
I was reading that exact article when I got the email notification that you had posted it...

I thought it was misleading too, but the combined addresses at coinbase etc had skipped my mind. Regardless of that fact, I'm not bullish on bitcoin long term, in part because the ownership inequality means that new users won't be overly excited about picking up the scraps. That said, money tends to move from the unproductive to the productive - kind of like that saying 'rags to riches and back to rags in three generations'. So regardless of who has the bitcoins now, it won't stay like that forever. Shared stake concept gets far more people excited.
legendary
Activity: 1932
Merit: 1111
DNotes
Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context.

1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTH

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.



Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

legendary
Activity: 1932
Merit: 1111
DNotes
legendary
Activity: 1610
Merit: 1060
legendary
Activity: 1638
Merit: 1005

 "So what is so different about DNotes compared to Bitcoin? Why should I consider DNotes seriously?   You got 30 seconds. Go ahead and convince me"



Bitcoin was created without a long term plan and it has suffered because of it.  It has been plagued by volatility, bad press, and a bad reputation.

DNotes was planned from day one with the end goal in mind and has been run like a business from the beginning.  It was created by an already successful and established business team.

Judge for yourself - go to Bitcointalk / DNotes and start reading after page ____ or at least the last ____ pages.
IMZ
legendary
Activity: 1498
Merit: 1000
"Getting the unbanked involved in cryptocurrency is going to be very interesting and fun. I'm looking forward to seeing how that unfolds, especially DNotes' central role."

My mob is focussing at present on 'Go-to-Whoa Security': from downloading a wallet to password back-ups to creating and storing paper wallets. Present 'model' isn't one. All hotch potch -- and the unbanked and busy moms are most in need of this.

Mark (IndiaMikeZulu), Australia
hero member
Activity: 846
Merit: 535
member
Activity: 92
Merit: 12
No problem at all! That is what we are here for. In the long run I don't foresee using the desktop wallet at all. It's just not going to be user friendly enough. There will be apps, and programs, but they will be much easier to use and much more capable, and likely cloud driven. The majority will be online in some fashion, like the DNotesVault.

That is good thinking. I think desktop wallets in general are not very suited for widespread adoption. They're just difficult and a pain in the butt sometimes. The only reason I ever use a desktop wallet is if the coin stakes. Otherwise I either use a trading platform address, or an online wallet. I don't think anyone was happier than me to discover the DNotes vault Smiley

Yes the Dnotes Vault is wonderful and I immediately took advantage of the retirement program. I use the desktop wallet only because I don't like to keep them all in one place.
legendary
Activity: 1806
Merit: 1029
Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself.

You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency.

World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions.

Don't worry, Dyna, I didn't spend too much time on this. I actually had a very busy weekend with life stuff, but I was kind of working this out in the back of my mind.

So... it sounds like at some point there will be shares for "Newco" outside of ownership implied in DNotes. That makes a lot of sense, actually. I'd like to be an investor in "Newco" when the time comes. I doubt I could be a large investor, but a medium or small one Smiley

That's actually another challenging sort of thing to wrap the head around: the currency itself owning a major interest in a company! Yeah, Bitcoin doesn't own anything... probably because it never occurred to anyone that Bitcoin should own anything, because money doesn't typically own stuff. No wonder you're having a tough time with a 30 second elevator pitch!

But just for fun, here's a good tag line for something: "DNotes, where your money owns a substantial part of our company!" or "DNotes, backed by our company!"

Getting the unbanked involved in cryptocurrency is going to be very interesting and fun. I'm looking forward to seeing how that unfolds, especially DNotes' central role.

legendary
Activity: 1610
Merit: 1060
legendary
Activity: 1932
Merit: 1111
DNotes
legendary
Activity: 1806
Merit: 1029
No problem at all! That is what we are here for. In the long run I don't foresee using the desktop wallet at all. It's just not going to be user friendly enough. There will be apps, and programs, but they will be much easier to use and much more capable, and likely cloud driven. The majority will be online in some fashion, like the DNotesVault.

That is good thinking. I think desktop wallets in general are not very suited for widespread adoption. They're just difficult and a pain in the butt sometimes. The only reason I ever use a desktop wallet is if the coin stakes. Otherwise I either use a trading platform address, or an online wallet. I don't think anyone was happier than me to discover the DNotes vault Smiley
legendary
Activity: 1932
Merit: 1111
DNotes
so a little update on my wallet issue. it has not even downloaded one block and is stuck at 90.92 percent.  I'm in the debug logfile and i see a lot of stuff i don't like

ERROR: CBlock::ReadFromDisk() : GetHash() doesn't match index
ERROR: Reorganize() : ReadFromDisk for connect failed
InvalidChainFound: invalid block=4abb9b688271f1c08d37  height=652609  work=128751936566847813  date=05/17/15 02:16:01
InvalidChainFound:  current best=0258bd458fd032979085  height=594101  work=95779098832669148  date=04/06/15 09:08:50
InvalidChainFound: WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade.
ERROR: SetBestChain() : Reorganize failed
ERROR: AcceptBlock() : AddToBlockIndex failed
ERROR: ProcessBlock() : AcceptBlock FAILED

any thoughts no rush i know you guys are hard at work. maybe, can i back my coins up on another computer with my backup folder?

edit: oh and CryptoBroker79 I have like a bunch of copys of dnote folders so i dont really know what can and cant be deleted it seems dangerous to start deleting stuff even backed up

Hi Daniel,

You should have your coins backed up in multiple locations. The only file that you need to backup is the wallet.dat located in:
C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes or C:\Users\WINDOWSUSERNAME\AppData\Roaming\DNotes

How it works is, your encrypted private keys and public keys are stored in the file. There is some other stuff, but that isn't important for the purposes of backing up. At any point in time, if you want to recover your coins you need the following three things:
-Your wallet.dat file
-Your password you used to encrypt the wallet
-The latest version of the DNotes wallet program

Note: Your wallet.dat file only needs to be backed up once. It should only be backed up after it is encrypted. Any time you add a new receiving address, or change your encryption password, it should be backed up again.

The wallet.dat file contains the private and public keys, which can be used to verify and send coins, but your actual coins are not stored in the file. They are stored in the blockchain, which is distributed among all the wallets and nodes on the network.

Back to your problem. You can get stuck when updating the blockchain, usually on various mini forks that occur in the network when things happen like finding a block on an old fork because they were mining on the wrong version. It has no impact on the coins in your wallet. There are a couple things you can do. The first thing I would like you to do is verify you are connecting the correct nodes. Go to C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes or C:\Users\WINDOWSUSERNAME\AppData\Roaming\DNotes and open the file named DNotes.conf (case specific) and make sure these nodes are listed:

addnode=n6.dnotescoin.com
addnode=n7.dnotescoin.com
addnode=n4.dnotescoin.com
addnode=n5.dnotescoin.com
addnode=128.199.239.199
addnode=95.85.44.200
addnode=162.243.225.90

If those were already listed, you can simply try closing and re-opening the wallet. Waiting an hour or so and see if it continues updating the block count. If they aren't listed you can add them and just restart the wallet.

If the problem still isn't resolved at this point, you can close the wallet, delete all the files in C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes, except the DNotes.conf and wallet.dat and backups you may have made of it, open the wallet and begin the blockchain download process from scratch. If you need any help with any of these steps or still have any issues, shoot me an email and I will respond promptly.


Okay got it. I understand that much more and it's actually downloading the blocks now. Thankyou again for the help!

No problem at all! That is what we are here for. In the long run I don't foresee using the desktop wallet at all. It's just not going to be user friendly enough. There will be apps, and programs, but they will be much easier to use and much more capable, and likely cloud driven. The majority will be online in some fashion, like the DNotesVault.
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