Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 243. (Read 814542 times)

Although I would love to change the title of this article, it brings to light an important potential use for a global digital currency. How will the price of digital currency be affected by a recession?

TRADITIONAL ECONOMISTS FEARING THE WORST, BUY BITCOIN NOW

The chief economist at HSBC, Stephen King, told clients that the global economy “is like an ocean liner without lifeboats.” He fears that another recession might be incredibly difficult, if not impossible, to recover from. He cited factors that many don’t consider when assessing whether a recession is likely, such as a collapse of the Chinese economy, which has seen a steady decline in recent quarters.

...

If you bought now, and the recession hit, you might see a chain reaction of the price increasing. You would then be able to dump your Bitcoin holdings onto wealthier hands and better survive the recession. Or, for many of the things you need to do, you could simply spend your Bitcoin directly, it having increased buying power as people look to get away from a weakening dollar.

There are many ways to prepare for hard economic times. Unfortunately, in this day and age, saving in a bank is one of the least effective of them. Giving Bitcoin a try might just prove to be a strategy worth your time.

https://www.cryptocoinsnews.com/traditional-economists-fearing-worst-buy-bitcoin-now/

That's so cool that you guys met!

I don't know where you live RJF, but it seems you made quite the trip. I think quite a few core supporters (some of whom have been unable to frequent this forum recently) have met each other now, it speaks volumes when the co-founders of a venture make a some 3 & 1/2 hour drive make a trip to meet their supporters! That kind of travel shows a lot of mutual respect. Maybe my parents will consider dropping by Chicago (area) in June to see Smokey @ Smokey's Gardens. My dad will be in Baltimore for a conference and is taking my mother. Dad has been asking me about DNotes a lot and is keeping himself very informed. He is still grasping the difference between the blockchain, it's benefits, and Bitcoin. He got a little confused when I showed him that USAA and NASDAQ are implementing "blockchain" technology, but not necessarily Bitcoin. It took the better part of a year, but I finally convinced him to invest in some DNotes! I know my mum would love the Daylilly garden - she used to teach horticulture at a local university. I need to tell her to try and cultivate a blue daylilly... which I just looked up New Zealand varieties and it seems nobody has achieved it here either.

Now curiosity got the better of me:

I have no idea when it comes to horticulture and cultivating plants, but I do know that the flavanoids in plants and anthocyanin levels affect colour - jasmonic acid and light irradiation can increase anthocyanin levels - which more anthocyanin levels improves tomato shelf life and make them 'redder'. It appears that the only strategy to reduce anthocyanin levels would be gene inhibition in the plant itself - or would that be considered cheating / failed already?

http://www.ncbi.nlm.nih.gov/pubmed/9501130

It appears that the nonpathogenic fungus 'Cochliobolus heterostrophus' drastically reduced the light-induced accumulation of anthocyanin by repressing the transcription of the anthocyanin biosynthesis genes in mesocotyls (the part of a plant protruding from a seed, but remains beneath the ground). Manipulation of this gene, combined with appropriate soil etc would likely yield a darker coloured plant, but I don't know if blue would be possible from this. If one were to become blue from gene inhibition, combined with expert cultivation, then cuttings could be taken and planted. Perhaps daylillies can be reverse hybridized too, or crossed with itself which could evoke further change of the genes through methylation patterns (consider this genetic memory that can turn gene's on/off as such).

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC35099/9

Interesting stuff... I also know of a really good career biotechnician who lives in the states...

Hope everything is going well Malfort!

Honestly Alan, it was an honor to finally meet you and the team in person, I've been a admirer long before DNotes. I have no doubt that the team's energy, drive and business sense will take DNotes into a successful future.

PS: Still can't get over how green Michigan is! I've been all over the country and nobody has that kind of green!  

Thanks OCTOPARTY. It's only a matter of time before DNotes is everywhere and maybe even easier to use to trade.

Just had a great meeting with RJF, it was really nice to meet in person.

Thank you for coming out of your way to meet with us!

Aw thanks, Chase. I'm blushing

I personally wish that DNOTES was on shapeshift as well. I know that really DNOTES has no need to focus on any exchanges since you have decent volume with your present exchanges. Still, it's so convenient and easy to use.

In order to be a good writer, you have to be able to communicate in a way that people will be able to understand.  Wiser is an amazing writer and her ability to write in such a way that is both professional but easy to understand for newcomers at CryptoMoms is exemplary.  I am a huge fan of her thread "Could I retire on faucets?" and I believe the answer will be YES! Never stand in the way of a woman on a mission!

You have to check out her latest blog post "How I got into DNotes", it is fantastic! - http://creativecurrencies.cu.cc/2015/05/11/how-i-got-into-dnotes/

Thank you wiser.

Thanks for this ^^^

I have actually been puzzling about how exactly DNotes has managed to stay so stable and so antithetical to speculating, and this above insight is key, I believe. I've noticed that by the time DNotes announces something, it's not coming, it's here. I actually like that and can see how it would stabilize the value (other than the stairstep jump up after a new innovation is released, then announced). But more importantly, producing first and announcing later actually cuts way back on much of the drama and anxiety that plagues the numerous altcoin projects that pre-announce.

Thanks to everyone for the kind words and warm welcome too. I'm happy to be part of the DNotes community

It happens all the time, reach the top and become complacent assuming no one can bump you out of that position. It is just as difficult to keep your position as it is to achieve it.

"Strong leadership, along with clear and consistent messaging, help to cultivate a highly engaged and productive community working almost seamlessly to achieve long term goals that will be mutually beneficial to everyone."

"I can invest in that." +1

That is a superbly communicated article by DYNA / Alan Yong.

I shared my personal highlights from the above interview to my Facebook wall. I particularly enjoyed the part about first mover advantage, laying the ground work, to then be leapfrogged by a more strategic second mover. Other highlights for me include purposefully withholding project information until they near completion, to help the currency go less noticed by ravenous speculators who buy up expecting top dumping prices after the project's completion. This insulated DNotes from excessive first year volatility until it gained an infrastructural foothold for higher liquidity as it's strategic timeline permits. Many other alternatives to Bitcoin launched too aggressively, too early. At the time they acted, their actions were poorly planned and the outcome was totally foreseeable.

It is also my view that trust is the paramount ingredient in leaders. I would expand that concept, by adding that directness and clarity are the most important builders of trust. You can see that DNote's founders researched the wider crypto community, found what was being complained about, what was lacking, and then formulated a strategy to correct it. We could add analytical skill as another key pre-requisite for any successful strategy.

I wanted to comment on Bitcoin's first mover advantage a bit more:

Bitcoin laid the groundwork for Digital Currency, and is the current prevailing player in the industry. Many third parties have taken what you can do with Bitcoin to the next level, but they can easily integrate with any Bitcoin clone. Bitcoin itself has remained rather stagnant. Bitcoin's main advantages are it's age, popularity, and subsequently, liquidity. I had a thought that a friend was quite dismissive about who knew a lot more about strategy than I. It was, that when you take a large business with massive, disproportionate market share like say...Google or a very large company that is dominant in servicing needs in all three of internet, TV and Phone services - what is the best means to ensure the business performs as though it is in competition, or most efficiently, while providing maximal use to it's clients?

My friend thought that segmenting the company into smaller, more agile entities could enable said competitive status - ie. Phone company, TV company and Internet Company... or Google could separate into a marketing company and a search company. To me, this wouldn't change how efficient the new entity would be in it's industry - it would merely give it the capacity to move more freely without interference from it's former hierarchy. Where would the drive to compete come from? This is where I suggested a large company just create a separately managed wing that provides the same service under the same banner, but with it's own processes and management, to compete with itself internally. Any processes the new, smaller wing improved, could then be rolled out company wide, and the big company's market wouldn't be distorted from having an actual 'real' market player to compete against. Consumers would win, and the existing company would be so efficient, that it could provide services at the lowest cost, perhaps even costs lower than a potential new entrants fixed and operating costs would be - increasing barriers to entry. Sounds a bit like the competitive efficiency achieved by Smokey at Smokey's Daylilly Gardens only 30 or so posts ago in this forum.

I see a similar situation with Bitcoin. Bitcoin is market dominant against competitors that make perfect substitutes (Dashcoin, Litecoin etc), but it is itself a small fish to the world payments market. Having no sense of direction or leadership will be to Bitcoin's detriment. Alt coins with competent coders and developers have come along to compete and innovate. It would be expected that Bitcoin would attempt to innovate too, or adopt some of the winning technologies it has seen the smaller 'wings' in Digital Currency come out with. But for various reasons, it does not happen. I think this brings me back to Alan's winning DNotes strategy that Bitcoin lacks:

"Strong leadership, along with clear and consistent messaging, help to cultivate a highly engaged and productive community working almost seamlessly to achieve long term goals that will be mutually beneficial to everyone."

I can invest in that.

yeah congrats team for good job and keep going, not forgot one step and each one coming going to have more relevance

Thanks for link share! i must add to spanish blog.

Dont know who is bumping but is making big mistake 

Congratulations on your success at the Chicago Bitcoin Meetup.  After watching how this team works for over a year, I have never doubted that success is coming, but the chance of it happening this soon is amazing!

"Interview - Alan Yong of DNotes" - http://themanwiththecap.blogspot.ca/2015/05/interview-alan-yong-of-dnotes.html

Fantastic job on the interview - it deserves a spot in our history book!

Source: http://themanwiththecap.blogspot.com/2015/05/interview-alan-yong-of-dnotes.html

Our original plan called for a fairly conservative build up for the balance of 2015 with a gradual ramp up beginning in early 2016. Based on very positive industry feed back we have been getting, including significant funding prospects, we are evaluating various options that could propel DNotes to be a major player ahead of our projected schedule. 

What is the fast track? I know either way I am hanging on for long term growth in DNOTES because it is made up fo a really sincere group of individuals and now DNOTES is well underpriced it's a great chance to grab some more..

Brief Update:

The Chicago Bitcoin Meetup went extremely well. I have a good feeling that this will open up a lot of opportunities for DNotes and others. As things develop we will be deciding if DNotes will be switching over to the fast track. From my prospective we are doing significantly better than I had ever imagined. This is made possible because of your support and dedication, something we all should be proud of.

I will be out of town the next couple of days. Please support the forum as much as you can. I will be checking in when I have a chance. Thanks, for your support.

This really is very interesting news. I think paper money will be like souvenir money in a few years from now as we move more and more into the digital currency era. I am glad DNOTES by then will be positioned in a prime spot, offering all these CRISPS and other related services that our current banking system offers, but albeit much better quality products of course.  .. Also @ Dyna thank you for your good wishes for my experiment. I might start a thread of my weekly pension diary in Cryptomums..

DENMARK CENTRAL BANK TO STOP PRINTING MONEY: SHOPS CAN REFUSE TO ACCEPT NOTES AND COINS

The Denmark Central Bank, National Banken, will be discontinuing the printing of new fiat in 2016. They will be outsourcing the printing of money to a private business or businesses, this part remains unclear.

Their reasoning for this is because more and more people are using digital payment systems. Such as cards, online payments, third party platforms, and to a minor extent (yes, we are still relatively very small), cryptocurrency. Shop owners can even refuse to accept notes and coins from 2016.

The definition of a virtual currency by the UK and Europe is one that can be inflated at command by the issuer of the currency which is also the central controller.

Source: https://www.cryptocoinsnews.com/denmark-central-bank-stop-printing-money-shops-can-refuse-accept-notes-coins/

This may be the start of a growing trend, which will undoubtedly cause some public confusion. We should make sure people are aware of the difference between digital currency (cryptocurrency) and virtual currency.

I can only imagine how many clients will need to be upgraded. Will be very interesting to watch.