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."
"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."
That is a good answer, CryptoBroker79. Developing a sustained good saving habit early is a key to financial independence. Be sure that your investment is secure. Your DNotesVault deposit is not only secure but also comes with 100% deposit guarantee. No one else does that. That is a mark of distinction. Current usage of DNotes is for trading purposes with fair liquidity and as such there are plenty of DNotes in circulation to support the market. By strategic choice, we will only start promoting DNotes as a medium of exchange sometime in 2016.
Knowing your goal is important. Investing in the digital currency space is high risk and should not constitute more than 10% of your funds available for investing. All indications are that more 50% of all coins will fail than succeed. Finding the best in class, and staying with it, is a smart investing discipline. That is how Venture Capital makes the most money. They are also always in it for the long term. To them is around 5 years. DNotes is at the beginning of its second year, and I am absolutely certain that DNotes is the best in class among all other coins that has been around since Feb. 18, 2014 or earlier. If you find a better performing coin or better positioned, I certainly like to know. For that reason, DNotes if way undervalued at 5,000 Satoshi. That, of course, is just my opinion.
