Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 249. (Read 814542 times)

Interesting, how can DNotes and our CRISP offerings capitalize on that?

Read the article and it doesn't exactly make sense to me either. I did find this snippet;

"However, this ensures that the average individual can now purchase shares of bitcoin without having to own the physical asset; further, it gives them an easy outlet for adding bitcoin to their retirement account."

"Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets"

The publicly traded shares of the Bitcoin Investment Trust (BIT) have officially started trading under the ticker GBTC. For the first time in its history, Bitcoin can now be bought and sold on the public markets. According to posts on Reddit and Twitter, it seems like some of the trades that so far have gone through indicate that GBTC is trading much higher than on actual Bitcoin exchanges – relatively speaking. Some traders have paid up to the equivalent of US$1750 per bitcoin.


Seriously? There's a problem here. Why would an investor pay $1750.00 for a commodity traded in a fund that is available for $240.00 in other markets? 

"Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets"

The publicly traded shares of the Bitcoin Investment Trust (BIT) have officially started trading under the ticker GBTC. For the first time in its history, Bitcoin can now be bought and sold on the public markets. According to posts on Reddit and Twitter, it seems like some of the trades that so far have gone through indicate that GBTC is trading much higher than on actual Bitcoin exchanges – relatively speaking. Some traders have paid up to the equivalent of US$1750 per bitcoin.


Seriously? There's a problem here. Why would an investor pay $1750.00 for a commodity traded in a fund that is available for $240.00 in other markets? 

You are exactly correct, Qiwomen2. Among others, that is one of DNotes core missions. I am in the process of engaging many local and international organizations, introducing them to DNotes and our different projects targeting various global issues. DNotes is not the total solution. It is a vehicle to enable the most viable solutions when working together in concert with other international organizations, including those like Bill and Melinda Gates foundation who are extremely well funded. Together, many local/micro projects can thrive leading many to rise from poverty.

Our community and potential investors need to know that DNotes is a digital currency for everyone and not just the privileged few. Our missions are ambitious and even aggressive. That is factually correct. We have embarked on a very bold mission. It has taken us over a year to build a solid foundation and our own ecosystem system utilizing highly scalable building blocks. To me, it is not the size or scope of the project. It is about developing winning strategies and great executions at the most opportune time.

What technologies are most important to the future and success of DNotes?

1 ) An easy to use merchant payment verification system that doesn't require a third party
2 ) Cloud storage of the blockchain. Wallets sync with cloud instantly and no lag time at startup. This is a centralized item, however, but would be of great benefit. Instant syncing, instant sending, etc.
3 ) Versatile tipping program for various websites and social media outlets
4 ) POS style reward system
5 ) Making DNotes secure for everyone to use no matter their situation
6 ) Instant exchange functionality for the DNotesVault
7 ) Total smartphone solution for all DNotes functionality including vault and instant exchange functionality


What major issues with the existing financial system can DNotes solve?

1 ) Instant transfers of money.
2 ) Micro transactions, under $1 are not feasible. The transaction fees make micro transactions unprofitable if not impossible.

What services are most important to the future and success of DNotes?

1 ) Direct and simple fiat to DNotes exchange.
2 ) DNotes investment fund that is SEC approved and tradeable on a major stock exchange
3 ) Accessibility and Ease of Use
4 ) CLEARLY outlining benefits, programs, future of DNotes
5 ) 24/7 support
6 ) Multilingual support
7 ) Assurance of store of value
8 ) Credit/Debit Card
9 ) ATM services
10 ) Refill service for prepaid/sim cards

What major obstacles does DNotes face to achieve success?

1 ) Half of the world's population does not have banking access and is therefore excluded from participating in economic growth.
2 ) Combating and rising above the bad reputation bitcoin has (whether it is deserved or not).
3 ) Mainstream media negativity of any cryptocurrency in general.
4 ) Develop global name recognition. When people think "crypto" or "Bitcoin" now, they should simply think "DNotes" in the future.

What will aid the growth/evolution of DNotes, leading to mass adoption?

1 ) COOP's in Micro Communities

I would like to see DNOTES cooperatives sprout in every town and village, especially in the areas where peeps don't have banks, engaging in cottage and small industry/sustainability projects then stakeholders and workers in the cooperative can also benefit... COOPS are the best distribution of wealth micro/economics model there can be at this time of our civilization..

Adding the investment fund to the list of services. Let me know if anyone comes up with anything else. I also would like to add something about how DNotes will likely grow/evolve.

"I have never seen any business or industry as challenging as this one."

This really encourages me, Dyna. I have taken a lot of flak over this. Sales is not my background. But it doesn't need to be to comprehend that sitting in your mom's basement, waiting for Money Bags Investors to find you, isn't gonna end well.

One coin, a technically fine crypto, explicitly took this position; and failed horribly.

Mark (IndiaMikeZulu), Australia

"I have never seen any business or industry as challenging as this one."

This really encourages me, Dyna. I have taken a lot of flak over this. Sales is not my background. But it doesn't need to be to comprehend that sitting in your mom's basement, waiting for Money Bags Investors to find you, isn't gonna end well.

One coin, a technically fine crypto, explicitly took this position; and failed horribly.

Mark (IndiaMikeZulu), Australia

The failure of NameCoin:

“It's a pity, because these guys are all absolutely brilliant computer scientists, but they have zero idea how to spread something and get adoption.”

http://cointelegraph.com/news/114129/why-namecoin-didnt-take-off-a-cautionary-tale

Worth a read...

The failure of NameCoin:

“It's a pity, because these guys are all absolutely brilliant computer scientists, but they have zero idea how to spread something and get adoption.”

http://cointelegraph.com/news/114129/why-namecoin-didnt-take-off-a-cautionary-tale

Worth a read...

Interesting article here on women in bitcoin. To summarize it is suggesting that the majority of women are less interested in the technology and potential to solve the worlds financial problems, and more interested in how it can impact their daily lives and management of their accounts.

Why women stay away from bitcoin

They care less about the payment process than the retail experience, says Izabella Kaminska

...
Well, I’d say the heart of that problem is the fact that bitcoin doesn’t solve any of the pressing problems that women, as traditional custodians of the family wallet, have with payments. To make women want to use bitcoin in large numbers you would need to show it will solve a pressing payments problem better than the current system. But bitcoin’s primary problem-solving capacity lies more in defending privacy and circumventing the need to trust others.
...

Source: http://www.ft.com/cms/s/0/0d52ab06-ef41-11e4-a6d2-00144feab7de.html?utm_content=buffer272e7&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer#axzz3YuyeKz6L

What technologies are most important to the future and success of DNotes?

1 ) An easy to use merchant payment verification system that doesn't require a third party
2 ) Cloud storage of the blockchain. Wallets sync with cloud instantly and no lag time at startup. This is a centralized item, however, but would be of great benefit. Instant syncing, instant sending, etc.
3 ) Versatile tipping program for various websites and social media outlets
4 ) POS style reward system
5 ) Making DNotes secure for everyone to use no matter their situation
6 ) Instant exchange functionality for the DNotesVault
7 ) Total smartphone solution for all DNotes functionality including vault and instant exchange functionality


What major issues with the existing financial system can DNotes solve?

1 ) Instant transfers of money.
2 ) Micro transactions, under $1 are not feasible. The transaction fees make micro transactions unprofitable if not impossible.

What services are most important to the future and success of DNotes?

1 ) Direct and simple fiat to DNotes exchange.
2 ) DNotes investment fund that is SEC approved and tradeable on a major stock exchange
3 ) Accessibility and Ease of Use
4 ) CLEARLY outlining benefits, programs, future of DNotes
5 ) 24/7 support
6 ) Multilingual support
7 ) Assurance of store of value
8 ) Credit/Debit Card
9 ) ATM services
10 ) Refill service for prepaid/sim cards

What major obstacles does DNotes face to achieve success?

1 ) Half of the world's population does not have banking access and is therefore excluded from participating in economic growth.
2 ) Combating and rising above the bad reputation bitcoin has (whether it is deserved or not).
3 ) Mainstream media negativity of any cryptocurrency in general.
4 ) Develop global name recognition. When people think "crypto" or "Bitcoin" now, they should simply think "DNotes" in the future.

The core mission of CRISP For Charity is indeed to engage the top 2% to work with DNotes and International charity organizations to help alleviate various global problems including poverty and the 2.5 billion unbanked.

CRISP For Students will be positioned as a conduit to scholarship funds, grants and other student aids.

It is delightful and encouraging that Bill and Melinda Gates have specifically mentioned these two areas. I am very passionate about pursuing every possible avenue for DNotes to be a global digital currency with a purpose so that much good can be done for humanity.

Thanks, RJF. This is an exceptional post. There is nothing else I need to add. I encourage everyone to read carefully. Print it, circulate it and hang one up as your refrigerator bill board.

Certainly. We actually have an advantage in that Bitcoin paved the road, we only have to travel it, cleaning up the trash as we go. Not that this is an easy task but, seeing the mistakes and successes of our predecessor allows us to avoid the pitfalls and potholes.

And, we have experienced drivers who understand finance and business, Bitcoin had none of these in the early days and look how far it has come. I find it interesting in the Gates flyer above that Buffett says "Don't just go for the safe projects, take on the really tough problems". There's a hypocritical slant to that remark since he considers crypto as garbage. Lets prove him wrong.

Also, there is this undertone in the Bitcoin world, not so much in the Altcoin world but still prevalent, that there can be only one, a "winner" if you will, That's simply not the case. I see multiple crypto currencies co existing each with a slightly different market and purpose and perhaps, even geographical foot print.

So, the answer is a resounding YES! DNotes can be worth as much or more than Bitcoin is today but, the thing we need to remember is that it does not have to be. Our focus should not be on matching or exceeding Bitcoin's current value, it should be on continuing the slow stead rise of value, adoption and stability. This is a mistake so many (all?) cryptos are making. The only yardstick there creators and supporters use to measure success is the valuation of the token.

This constant fixation on price is what drives people out of the industry, developers and users alike. Think about it for a moment, is there anyone here that would be upset if DNotes reached a valuation of 5 USD in 3 years? How about 2 USD? Would a holder of 100,000 DNotes be upset by these valuations?

There was a movie where they said "If you build it, they will come." Well, they were not entirely correct. If you build it, support it, steer it through the deadly minefield that is finance and continue to promote and improve it, they will come.

Personally, I am very pleased with the current state of DNotes as a store of value. Show me a stock, or a commodity, that has, and will continue, to perform as well that doesn't cost an arm and a leg to buy in any quantity. This is a brave new world and we need to navigate it carefully with all our skills lest we founder on the rocks. The shipwrecks of impatience and greed are all around us, but, we have hitched our fate to a competent captain and crew. Landfall is just around the corner...

PS: I would like to see an easier way for non crypto savvy people to purchase DNotes. I think this is one the most important ways to improve DNotes uptake with the general population.