Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 252. (Read 814542 times)

     There are a few things about DNotes that are VERY different from other Digital Currencies. First and foremost is trust. This is something that is lost in today's digital world. Another big one is price stability. Both of these MUST be achieved to be considered a currency. Without either one, it cannot be considered a currency. Another difference is the way we will achieve consumer acceptance. We are starting from the bottom-up, instead of the top-down. We are encouraging everyday folks to learn and sieze on the opportunity that is almost always reserved for the privileged few. Cryptomoms is evidence of that. DNotes Vault is also evidence of that. Even my 76 year old dad is able to use DNotes Vault, even if he does not want to get involved in the exchanges, or online wallets, or any of the other stuff he does not, nor does not want to understand.

     DNotes was conceived and designed from day one very differently. We have the luxury of being able to identify the shortcomings of Bitcoin, and design DNotes to overcome those shortcomings. The more you learn about DNotes and the poeple behind it, the more you realize that DNotes is different than every other currency out there.

Smokey                                           

Not yet, no hurry. It had hash before. I disconnected to do something else with the PC but was unable to reconnect after, no changes made on my end.

This looks quite interesting. The easier it becomes to trade the more liquidity it may have. Something we will have to keep in mind for DNotes.

Trading bitcoin is about to get a whole lot easier

At a bitcoin conference in New York City on Wednesday, Joe Ventura, AlphaPoint’s founder, revealed plans for a service “that will allow institutions to open one account and get access to 20 exchanges through a router.”

The final product, which is expected to be rolled out in beta in roughly one month, will be geared toward large traders, like hedge funds and proprietary traders, Ventura said.

http://americasmarkets.usatoday.com/2015/04/30/trading-bitcoin-is-about-to-get-a-whole-lot-easier/

Welcome to the DNotes forum theleximus1! There is a lot of information about DNotes here on the forum. You may want to start with our recent press releases posted in the OP:
https://bitcointalksearch.org/topic/annnotednotes-celebrating-dnotes-3rd-birthday-forum-now-open-470155

Please feel free to ask any questions or provide any insights you may have while researching DNotes.

Sent him an email RJF. The pool has hashrate is it fixed now?

To DNOTESPOOL:

Stratum won't connect. Cgminer says stratum failure, unknown reason. Connects to other pools. Checked and rechecked setup, all looks good. Tried to email you on the pool, php error, no permission.\

Thanks!

RJF19

Hi everyone, I just found Dnotes and am doing research on It, Is there anything of great importance about this currency that I should know about.

Yes, also on Yahoo Finance
http://finance.yahoo.com/news/bitcoin-goes-mainstream-174241858.html

And another nail in Apple Pay, “Apple Pay (AAPL) doesn’t do anything for me as a consumer,” he argues. “But if I can transfer bitcoins to somebody else around the world and pay for goods and services, I think they want to be part of that process.”

It is just a matter of time before DNotes focus on strategy and clear path to growth and stability is recognized by the rest of the world.

Goldman and IDG Put $50 Million to Work in a Bitcoin Company

Even as public interest has waned, however, major financial institutions have been quietly but seriously examining the opportunities offered by the technology, and particularly the new financial network that hosts the Bitcoin digital tokens and allows them to be sent around the world securely, cheaply and almost instantly.

...
 “Although Bitcoin and other crypto-currencies are still in the early stages of development, they could gain traction once clear use cases become more established,” the report said.
...

http://www.nytimes.com/2015/04/30/business/dealbook/goldman-and-idg-put-50-million-to-work-in-a-bitcoin-company.html?_r=0

It is extremely important that we remember, DNotes is not yet the solution to the financial problems and challenges confronting so many nations and their citizens. We are working very hard to position DNotes as a viable alternative to help alleviate their hardship in a meaning way. "Our pursuit of the noble mission must always be built upon trust and integrity, genuinely appealing to the poor or the rich and not just the privileged few.

We are building a global medium of exchange and a dependable store of value that shall not perish at the mercy of a few individuals, institutions or nations. As long as we remained truthful to our commitments, without yielding to the inherent greed of mankind, DNotes will be the Digital Currency of the Future With Lasting Value".

Alan Yong
April 29, 2015


[/quote]

This should be printed and hung on my wall. This statement sums up our mission. Well done, my friend.

Smokey

Just drop in to say hello. I will be gone all day meeting with different groups.

Sweden's Nasdaq Exchange Approves Bitcoin-based ETN

Sweden's Nasdaq exchange has approved a bitcoin-based exchange traded note (ETN), opening up investment in the digital currency to those who do not want to directly purchase and hold bitcoins.

The Bitcoin Tracker One, launched by Stockholm-based XBT Provider AB, which is owned by the KnC Group and is expected to launch on 18th May.

http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/

"It is extremely important that we remember, DNotes is not yet the solution to the financial problems and challenges confronting so many nations and their citizens."

It is a good idea to clarify this, as someone joining in without reading the entire conversation may miss the point being made.  When the comment that crypto was  "Too volatile to be used as a store of value", I simply pointed out that DNotes was a better store of value over the past year than the Canadian dollar.  Canada has had a fairly stable economy and managed better than most through the last financial crisis, but it doesn't make it exempt from currency volatility.  And as TeeGee pointed out with the Swiss Franc and Russian Ruble, massive swings in government currencies can happen in days.

It is extremely important that we remember, DNotes is not yet the solution to the financial problems and challenges confronting so many nations and their citizens. We are working very hard to position DNotes as a viable alternative to help alleviate their hardship in a meaning way. "Our pursuit of the noble mission must always be built upon trust and integrity, genuinely appealing to the poor or the rich and not just the privileged few.

We are building a global medium of exchange and a dependable store of value that shall not perish at the mercy of a few individuals, institutions or nations. As long as we remained truthful to our commitments, without yielding to the inherent greed of mankind, DNotes will be the Digital Currency of the Future With Lasting Value".

Alan Yong
April 29, 2015

"The failure of crypto communities to shunt their coins from the speculative-currency phase to the ‘transactional-volume’ phase has been a tragedy

To be fair, it's because crypto in general is:

1. Almost impossible to understand and use for anyone that isn't a techie;
2. Accepted basically nowhere without cumbersome third party intervention;
3. Too volatile to be used as a store of value;
4. Uninsured against theft or loss;
5. Not sufficiently superior to established systems at anything other than a) instantaneous international transfer (not useful in 99.9% of transactions to everyday folk), b) low-fee transfer of huge volumes of wealth (not useful to 99.9% of everyday folk; also see point 3 above).

Right now crypto is a very poorly implemented solution looking for a problem to solve for everyday people. Until that happens (if ever) it will remain a niche speculative interest."

Hi, Mochilles! Sigh, I sure do agree with your list. However, it concerns the difficulties that crypto-communities would/will face when they ‘turn outwards’ to the world.

IndiaMikeZulu has worked as community developers on six different cryptos (not counting NOTE); and our experience has not been (and I am reluctant to detail the whys?) that crypto communities tried to take their product to the world, and encountered great difficulty, but that they didn’t take their product to the world.

Except Dnotes, which is arguably the most successful crypto to date; and IMHO, the reason is the strong orientation to The 99%.
Mark

Swiss Franc 22% change in one day against the US. Ruble in russia crash lost like 50% of it's value in matter of days. Government backed currencies are only *more* stable, and that is only due to the massive liquidity involved.

A long read but interesting story. As you may already know Argentina is using bitcoin extensively and trying to fit it into their everyday lives as the rest of the world watches the experiment unfold.

Can Bitcoin Conquer Argentina?

With its volatile currency and dysfunctional banks, the country is the perfect place to experiment with a new digital currency.

http://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html?_r=0

Taking the other side:


1. Not really true, just appears that way. No more complicated than a cell phone, computer or even an ATM machine. Just different.

2. This one is true now but, won't be for long. As the learning curve begins to flatten, the acceptance will rise.

3. Bitcoin has been fairly stable as of late and will continue to settle as the user base grows. DNotes is far more stable than 90% of the coins out there including Bitcoin. Its like a heat sink, the larger the mass, the slower the change.

4. Hummm... Just like cash.

5. I could write a book on this one but let me just say, established systems are 60 years old and struggling to accomplish in a day what crypto can do in a few minutes or seconds in some cases. I would argue it's not the technology of crypro but the cumbersome nature of trying to interface it with those 60 year old systems. There needs to be a "sea change" in the way money is used and transferred. Don't worry, it's coming...

#5 is partially true. It is only a matter of time before using DNotes is sufficiently superior to established systems in many ways. Here is just one example. As we have discussed in the past micro transactions are nearly impossible using fiat. Anything under $1 generally isn't worth selling in fiat. You could however accept DNotes and accept payment for hundreds of transactions and if needed convert all of your DNotes to fiat after you have accumulated a substantial amount and pay one smaller conversion fee. That may not sound like a big deal, but think of how many songs are purchased and downloaded daily, and how many more digital products would be available to purchase if it made sense to sell them for under a dollar. Granted it is not the easiest thing to do right now, but it won't take much to come up with an easy to use system.

This is a quick post to give you an idea how the future of Wall Street finance may look like. It is perfectly reasonable to assume that a few of you in the future could pool a potion of your DNotes to offer such an exchange traded fund. Paying a premium of 48% over market ($1, 750,000 for 5,000 Bitcoin at $350 verse $ 1,130,000 for 5000 Bitcoin at $226) may sound insane. But that is how Wall Street works. Very often it is just as speculative as the crypto space. As long as you believe that some one else will buy it from you at a high price than what you paid for, it is a good trade.



Crypto Currency News:
 Joel Dalais
 
 29/04/2015


GBTC is the listed stock for the Bitcoin Investment Trust (BIT) that many people in and outside the bitcoin sector have been eagerly waiting for. The other day it was brought to the attention of r/bitcoin that bids for GBTC shares are starting to get a little bit more serious.

GBTC shares trade at the value of 1 GBTC share equals approximately 0.1 bitcoin, with a minimum bid of 100 shares, making the minimum bid possible ten bitcoins.

Maxim Group LLC (MAXM), an Investment Banking, Securities and Wealth Management business, had put down a bid for 50,000 GBTC shares at the value of $35 per share. This bid equates to a buy order of 5,000 bitcoins at the value of $350, for those who are more familiar with digital currency exchange terminology.

At the time of writing this article, the average bitcoin value is $226. The bid has brought people forward with questions of why such an offer so clearly over the average value would be made.
It could be for a variety of reasons
o   That it is easier for these investment style businesses to move money in the stock markets. The last year and a half might lead some to distrust bitcoin exchanges.
o   The last year and a half might lead some to distrust bitcoin exchanges.
o   They do not need to worry about bitcoin security as they are only holding shares.
o   There is no concern for maintenance of security.
To date there have been no sell bids placed, the speculation is that things are still being processed to allow current holders of GBTC shares to be able to sell their shares. Until then, buy orders might appear and disappear.


The bid has been removed as of today, but this does tell us that there are bids in the millions ready to be placed. And considering the relative size of the liquidity in various exchanges, an initial buy of millions in the first days of GBTC trading could be the proverbial snowball that starts the avalanche.
However, this is assuming that GBTC trading does occur within the near future. Information as to when trading will commence always seems to be “within two weeks”.

CCN
GBTC Bitcoin Investment Trust
Bitcoin Investment Trust is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT’s sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group.

Each BIT share represented ownership of 0.1 bitcoins initially. The trust will not generate any income and regularly sells/distributes bitcoins to pay for its ongoing expenses. Therefore, the amount of bitcoin represented by each share gradually declines over time.
Updated: April 29, 2015 at 3:38 pm CET

https://www.cryptocoinsnews.com/buy-orders-millions-bitcoin-investment-trust-gbtc/