I received a great question from a friend today, that some of our silent readers may be asking themselves.
"Do you think that dnotes vault caused so many people to pull their coins off of exchanges that it lowered the amount of circulating coins. Of course dnotes vault is the most secure way to store everything, but could it have negatives as well?"
My reply,
"Good question. Saving your coins in the DNotesVault does not take them out of circulation, you are merely protecting them for a later date when they have more vaule. If there are 98m DNotes in circulation and 97.5m in the Vault, that means the most someone can buy on the exchange would be 500,000. This effectively restricts the buyable supply, even though there is no less in circulation, as a user may send their DNotes to an exchange at any time. In my personal opinion, developing a saving mentality is important for our financial network to have the greatest impact on the world. I'd like to remove mindless consumerism, and inefficiency as driving forces in the world economy, and replace them with strong savings habits and self sufficiency. I'm sure many DNotes core members would agree."
True statement! If you were looking at paper and coin money that you have in a savings account with a bank would anyone state that it is not in circulation? The answer would be, no. The facts are that at any time that money could be withdrawn to pay a bill or purchase something. Consumers every day withdraw money from savings to spend and DNotes would not be any different.
