The article below is bad news for the industry. Sorry but may be it is good news for DNotes, not that we wished for it. I am sure we all hold a fair amount of Bitcoin and what is good for the industry is good for all of us. No matter what happens, we will share some of the pains, but it will also provide an incentive for some of Bitcoin ecosystem to take a serious look at DNotes. This could be interesting.
Among other involvements, I have been quite active on LinkedIn in an attempt give my networking a boost. I have been pleasantly surprised by how well I was received. On occasions, I was getting an incoming email every two minutes and built up over 500 connections in two weeks. Quite remarkable, considering that many are very senior people from our industry and from the investment community as well as the news media.
Many complimented favorably on CryptoMoms mission, but quite a few expressed concern about the Bitcoin industry. The following article does not come as a surprise. I do have a serious concern that the industry could be in for a significant retrenchment or consolidation. Those that are highly dependent on additional funding could be in for a rough ride. The recently reported closure of Buttercoin due to its inability to raise additional VC funding was the first clear indicator.
It is very important to clearly understand that there are two segments to this technology revolution. On one side, is Bitcoin - the digital currency where it is struggling. On the other side is the Blockchain Technology - that is thriving and will continue to see explosive growth.
We have always taken the position that for digital currency to succeed it must be built from ground up with trust and integrity. There must also be multiple layers of strategies to ensure that the digital currency will remain sufficiently stable to take full advantage of the low transaction cost, making it truly attractive for merchants to accept as a form of payment. DNotes has strategically built its own ecosystem to ensure that it can accomplish all the strategic objectives of being a stable trustworthy digital currency with dependable long term appreciation. We will use the balance of this year to continue adding and fine-tuning our infrastructure. 2016 will be the year when DNotes will be promoted as a superior form of payment, as a medium of exchange. An integral part of our master plan is CRISP for Employee Incentive Benefits scheduled to be launched during the week of May 25, 2015.
Bitcoin’s Q1: Record VC Investment, Falling Prices, And Slow Consumer AdoptionPosted 10 hours ago by Alex Wilhelm (@alex)
The bitcoin-watching news service CoinDesk recently released its first quarter lookinto the cryptocurrency’s performance during the opening months of 2015. Mostly the data is net positive, showing an increase in total wallets, and investment. However, there are a number of included data points that demonstrate slowing growth in key bitcoin, and bitcoin-related areas.
The collected data indicates that the first quarter of 2015 was the most popular ever in terms of the dollar-value of venture capital investments made into the bitcoin ecosystem. That data point, however, is skewed by a single investment — the $116 round million invested into 21, a company that remains at least partially occluded in terms of its ambitions. Aside from that single investment, first quarter venture investment was on par — $113 million — with the preceding fourth quarter.
Key to bitcoin’s performance, at least from an external perspective, is the number of wallets in existence. Those receptacles and storage locations of bitcoin help the market understand how many new people the cryptocurrency is attracting. In the first quarter, according to the CoinDesk report, total wallets grew from 7.4 million to 8.4 million, up 14 percent on a sequential quarter basis.
That growth rate is likely under expectations from a year ago. The market value of all bitcoin in circulation — some remains yet-to-be-mined — fell from the last quarter of 2014 to the first quarter of 2015 by 36 percent.
The sequential quarter total is skewed by the November timeframe, but it seems that volume hasn’t seen too great an acceleration, or deceleration in the last two three-month cycles.
Among the bulleted key takeaways that the report contains is the following: “Bitcoin struggled to gain mainstream consumer traction [in the quarter].” That has been the case for the life of bitcoin. That the trend persists isn’t, therefore, too surprising. Still, it isn’t hard to wonder what bitcoin firms that pitched investors over the past 18 months, predicted would happen — did they anticipate that the price of bitcoin be so low? Would investors have invested quite so much over the past year if bitcoin wallet adoption was as slow as it has been?
http://techcrunch.com/2015/04/26/bitcoins-q1-record-vc-investment-falling-prices-and-slow-consumer-adoption/ 
