Thank you Dnotes.
The cause IS about causing an effect in that country which is going to raise the life of the individuals in that country and as the people as a whole so they reach a state of knowing that there really is hope, and if this has to be done by way of technology so be it because it is going to create a new reality for them. And by increasing their reality, OUR own life is improved because we are bring about a new state of living in our lives as well.
Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 258. (Read 814542 times)
April 22, 2015, 04:45:49 PM
April 22, 2015, 02:46:02 PM
And that is the idea for India and not only for that country. The idea is to increase employment so that these people can see a future and can BE in the future.
Sounds like a worthy cause CosmicHQ
April 22, 2015, 01:54:23 PM
And that is the idea for India and not only for that country. The idea is to increase employment so that these people can see a future and can BE in the future.
April 22, 2015, 01:02:45 PM
Yeah that is what I'm talking about that is actually what Oodia Baba has said also.
April 22, 2015, 12:46:11 PM
Hey Chase, CRISP sounds so great. There is a lot than be done and a lot synergy which exists between CosmicHQ and CRISP because of what we are wanting to accomplish.
Cosmic HQ has the ability of organization and it also has the ability of programming plans so that they come into action as well having people who are capable of putting these plans into place.
One of the goals of Oodia Baba Initiative (you can read more about at oodiababa.com) is to connect developing countries to the 21st century as well as to connect them with what is else is going so that they can make up their own mind about it. The goal is to bring it about everywhere that it is needed. Because people do not want to be behind in the times and because of this being behind in the times, they actually feel pain because of it. One of the goals of Cosmic HQ is to erase this pain so that they experience pleasure and a sense of satisfaction which results from pleasing that void.
Oodia Baba recently visited India and he personally saw what life is like in Indian villages. It is something which a lot of you could not stand to live in for more than a day. Another goal which accompanies these activities is creating employment for these people. And this is being done by Cosmic HQ's KPO/BPO company Stellar Business International.
There is a lot going on and I will keep writing to you about it so that you know about us.
Cosmic HQ has the ability of organization and it also has the ability of programming plans so that they come into action as well having people who are capable of putting these plans into place.
One of the goals of Oodia Baba Initiative (you can read more about at oodiababa.com) is to connect developing countries to the 21st century as well as to connect them with what is else is going so that they can make up their own mind about it. The goal is to bring it about everywhere that it is needed. Because people do not want to be behind in the times and because of this being behind in the times, they actually feel pain because of it. One of the goals of Cosmic HQ is to erase this pain so that they experience pleasure and a sense of satisfaction which results from pleasing that void.
Oodia Baba recently visited India and he personally saw what life is like in Indian villages. It is something which a lot of you could not stand to live in for more than a day. Another goal which accompanies these activities is creating employment for these people. And this is being done by Cosmic HQ's KPO/BPO company Stellar Business International.
There is a lot going on and I will keep writing to you about it so that you know about us.
What an awesome initiative! I like how your team understands that it takes more than throwing money at a problem to solve it. Like the old saying goes, "Give a man a fish, you have fed him for the day; Teach a man to fish, and he will eat for a lifetime". Keep up the good work.
April 22, 2015, 12:06:33 PM
Hey Chase, CRISP sounds so great. There is a lot than be done and a lot synergy which exists between CosmicHQ and CRISP because of what we are wanting to accomplish.
Cosmic HQ has the ability of organization and it also has the ability of programming plans so that they come into action as well having people who are capable of putting these plans into place.
One of the goals of Oodia Baba Initiative (you can read more about at oodiababa.com) is to connect developing countries to the 21st century as well as to connect them with what is else is going so that they can make up their own mind about it. The goal is to bring it about everywhere that it is needed. Because people do not want to be behind in the times and because of this being behind in the times, they actually feel pain because of it. One of the goals of Cosmic HQ is to erase this pain so that they experience pleasure and a sense of satisfaction which results from pleasing that void.
Oodia Baba recently visited India and he personally saw what life is like in Indian villages. It is something which a lot of you could not stand to live in for more than a day. Another goal which accompanies these activities is creating employment for these people. And this is being done by Cosmic HQ's KPO/BPO company Stellar Business International.
There is a lot going on and I will keep writing to you about it so that you know about us.
Cosmic HQ has the ability of organization and it also has the ability of programming plans so that they come into action as well having people who are capable of putting these plans into place.
One of the goals of Oodia Baba Initiative (you can read more about at oodiababa.com) is to connect developing countries to the 21st century as well as to connect them with what is else is going so that they can make up their own mind about it. The goal is to bring it about everywhere that it is needed. Because people do not want to be behind in the times and because of this being behind in the times, they actually feel pain because of it. One of the goals of Cosmic HQ is to erase this pain so that they experience pleasure and a sense of satisfaction which results from pleasing that void.
Oodia Baba recently visited India and he personally saw what life is like in Indian villages. It is something which a lot of you could not stand to live in for more than a day. Another goal which accompanies these activities is creating employment for these people. And this is being done by Cosmic HQ's KPO/BPO company Stellar Business International.
There is a lot going on and I will keep writing to you about it so that you know about us.
April 22, 2015, 11:46:29 AM
For discussion:
What can a crypto community do that a group of individuals cannot?
What can a crypto community do that a group of individuals cannot?
Lets not forget that a community that rely their communication on bitcointalk is bot anonymous and fearless... trolling and bullying is their main prerogative.
It does tend to lean that way lol.
It can be tough, but I think we are doing fairly well developing our community here on bitcointalk.
April 22, 2015, 11:41:39 AM
For discussion:
What can a crypto community do that a group of individuals cannot?
What can a crypto community do that a group of individuals cannot?
Lets not forget that a community that rely their communication on bitcointalk is bot anonymous and fearless... trolling and bullying is their main prerogative.
It does tend to lean that way lol.
April 22, 2015, 10:27:05 AM
I was just thinking before about the "Golden Rule" brought up by RJF and DYNA. It was a term e-mailed to me a month or so ago and I had not heard it before, although the subsequent quote makes it's meaning certain. I revisited the thought after seeing this article online: http://www.washingtonpost.com/news/on-small-business/wp/2015/03/16/no-entrepreneurs-most-of-you-dont-need-angel-investors-or-venture-capitalists/
Kauffman’s researchers discovered that roughly two-thirds of the companies were financed by either personal savings, investments by friends and family or traditional loans. Only one in 10 obtained funding from venture firms or angel investors (individual start-up backers). In fact, credit cards – among the most expensive mechanisms of financing – was used more commonly by start-ups than either angel or venture funding.
The most common sources of funding for high-growth companies - only 7.7 percent of the fastest-growing companies took money from angel investors, while even fewer are backed by venture capitalists (6%). Once again, personal savings and bank loans are far away the most commonly used source of funding.
I've noticed that with many recent applications in social media (GEMS - crypto social network), decentralised governments (bitnation.io), and mobile applications, that bootstrapping business has become common. Digital Currency VC funding is growing rapidly (250m for Q1 2015), but most of this funding is going to well established businesses with a product already on offer. Bootstrap businesses in the crypto world are producing minimum viability products at bare minimum cost, then hoping to rely on future cashflow to further develop the product. How many failed coins did you see this happen with in the last year? One of my favourite coins a year ago was XCurrency or 'XC'. Their developer seemed very competent at programming, and I recall reading his comments on the forums about his 90 hour weeks, taking time off to keep his wife happy, and the excitement and massive workload ahead of him. The dev. followed a stock-standard model of promoting his coin - he released a wallet, client, forum and started a community. Unfortunately, he expanded too fast thanks to 'promising the world'. The excitement at the exchanges caused the price of XC to go up many hundreds of fold, and the dev hadn't even released a working version of 'anonymous' send - the cause of all the hype. The exact same thing happened to DarkCoin or "DRK" - now known as Dash? I remember waiting months to see the proof of concept / execution of their claims, and the price of DRK at one stage exceeded $10 USD, for no other reason than a promise!? If a dev wanted price stability, their gameplan was the worst way to do it. DRK is now worth a tenth of what it used to, and XC is as good as dead.
These dev's planned on doing as much work as they could themselves, and then probably planned on expanding their development using the profit from the currency they had created (or run away). What I don't think they expected, was that in the crypto world, without substance and infrastructure behind your currency, it's price can skyrocket and then drop 90% in a week. The early exposure that XC and DRK created for themselves gave them only a matter of weeks to develop and implement an entire currency infrastructure, anonymous sending innovation, and active community! Traders ride the price bubbles, investors look at a long-term picture and are the biggest protection against price speculation. Investors require convincing, and don't separate with their money easily. No investor will part money for a project where the price is convoluted by speculative trading. XC and many other coins died before even getting off the mark.
When you consider the scope of the mission DNotes plans to achieve (currency of the future - now), and that it is financed by a select few main stakeholders, it is a remarkable achievement within one year. It's interesting to think how different this coins implementation has been. The dev purposefully, and publicly stated that DNotes plan was to fly under the radar, and not be concerned with prices at the exchange while an infrastructure to attract long term DNotes holders was created. Creating an environment that attracts long-term holders, I think, is the best hedge against price fluctuations.
And with that I think I'll head to bed! some of you may have realised that I've been posting my thoughts here a bit lately - they are essentially drafts for another thread I'm to make when I've got enough "DNotes differences" that have been 'peer-reviewed' by everybody here. I am sharing my crypto experiences at the same time. I'd be VERY happy if community members posted what they saw happen with other coins that looked promising, but didn't quite make it (*glances at LTC*), with the inclusion of thoughts as to why.
Another excellent post TeeGee. You quickly recognize concepts and communicate them efficiently.
One of the biggest concerns is the sharp rise and fall that many of the coins are experiencing. If one goes in and buys ABC coin for $40 a coin, within a month the price crashes to $0.04. Odds are that person experienced a great deal of pain and will not be interested to further support that coin. Slow growth, built on a solid foundation, and not hype or promises is more sustainable.
I encourage everyone to help TeeGee, he is working on a very important project for DNotes.
April 22, 2015, 09:54:41 AM
Hi Daniel and welcome to DNotes!
I checked out CosmicHQ.com and I'm very impressed with everything your team has accomplished. I especially found the OodiaBaba projects inspiring and I encourage everyone to check out this site.
I do not have a background in technology, but I became intrigued with the financial side of cryptocurrency in 2013. It was the potential it held for massive wealth transfer and it's ability to level the playing field for everyone in the world that finally made me commit to it. As I began researching issues relating to women for CryptoMoms, I discovered some very disturbing facts such as: 70% of the world's poor are women, most women have no retirement savings, and the list goes on and on. The quote that was used in the last press release sums up exactly how I feel about the power of digital currency / DNotes:
“With cryptocurrency, we have the opportunity to reach women from all walks of life and from every corner of the world. It has the power to help women by addressing poverty, providing economic inclusion, and allowing them to participate in the massive job and wealth creation of a new industry. Cryptocurrency has the potential to provide women with a secure financial future that otherwise may be unattainable. It also allows woman to start and operate a business in locations around the world that have no banking access.”
The beauty of the CRISP program, is that combined with DNotesVault, anyone from anywhere in the world, can start a DNotes savings plan with nothing more than an email address and occasional internet access. To start off, it is possible for them to accumulate small amounts of DNotes from free faucets and giveaways.
The CRISP For Students and CRISP For Retirement will be extremely beneficial in the locations that you are serving. There is also CRISP For Kids, operating through CryptoMoms, which allows parents, grandparents, or any other caring adult to start a savings plan for a child. This can be used to pay for the child's education or just to give the child a more stable financial future.
The next to launch is the CRISP For Employees, followed by the CRISP For Charity. Through DNotesVault, I can donate a certain amount of DNotes to your charity and select a timed-send payout so the donation is released to you in equal instalments weekly, monthly, or yearly. This allows the donor to make a larger gift of DNotes while the price is low, as well as an appreciated value in your hands at time of payout. It also provides an incredible boost to the long term sustainability of charities as a multitude of timed-send donations go on for years.
There are many ways a CRISP could be customized to meet individual needs.
Let us know what we can do to help.
Chase
April 22, 2015, 09:40:13 AM
Here are lessons learned:
Coindesk:
Pete Rizzo (@pete_rizzo_) | Published on April 15, 2015 at 17:27 BST
Buttercoin CEO Reveals 'Tactical Mistake' that Lead to Company Closure
One week after his startup's abrupt closure, Buttercoin CEO Cedric Dahl says the wider community should be careful to learn from his experience at the helm of the US bitcoin marketplace.
Despite accruing an impressive list of investors, including Google Ventures, Centralway Ventures and Y Combinator, Dahl suggested that it was Buttercoin's affiliation with larger investment firms that ultimately left it less able to adapt in a changing bitcoin ecosystem.
He told CoinDesk:
"The big lesson is that you cannot rely on venture. You have to make a product that is self sustaining."
Founded in 2013, Buttercoin raised $1.3m in funding, capital that helped make the startup 'one to watch' in a crowded market. However, in hindsight Dahl wouldn't have tried to raise venture funds at all, he said, calling the decision a "tactical mistake".
"There's much more seed money out there. It's much easier to raise, whereas with venture, if you're not able to get it, the funding is over. With seed and angel money, you can keep going," he continued.
Since the move, some of the company's more high-profile customers have already reported switching marketplace providers, with MegaBigPower's Dave Carlson entering a business relationship with Boost VC-backed startup Hedgy.
Buttercoin's last full day of operations was 10th April, with employees scheduled to depart at close of business on 15th April.
Supply and demand
In interview, Dahl talked at length about his regret that he didn't bootstrap the company, instead trying to raise "a significant amount" early on.
"What I should've done is really start with a fraction of what I would actually need and once you have enough demand, raise more," Dahl said.
Still, Dahl warned that having traction in the marketplace isn't everything, as he believes Buttercoin was able to achieve an active user base despite opening to the public roughly five months ago.
"At the end of the day, we built a great product that had real growth that was growing between 10–25% per week," Dahl said.
Dahl also suggested the decline in the price of bitcoin was a factor in funding, noting that his initial fundraising took place when the price of bitcoin was at or near $1,000, compared to its current value of $220 at press time.
Consolidation to continue
Dahl also discussed the need for bitcoin industry executives to strike a balance between "reality and perception," noting that both are equally important when dealing with potential investors.
"Perception is important," Dahl continued, adding that he expects companies to raise funds without introducing products because of this factor.
The most likely targets for this funding, he suggested, would be first-time bitcoin investors or firms looking to capitalize on the big opportunities in the space. Further, he said that investment is likely to be split between large venture rounds and smaller seed investments, though all in line with an overall trend of consolidation.
"If you look at the money this year, 50% has gone to two companies. That's a rough figure and I think you'll continue to see this distribution where fewer companies get more."
Dahl went so far as to predict an environment where the number of bitcoin wallet providers is whittled down to a handful of well-capitalized winners.
"I think that you'll find there's going to be a really big consolidation in the space," he added.
'Moonshot' option on table
Despite the formal announcement, Dahl suggested that he wasn't ruling out a last-minute bid to save the company or secure an exit for investors.
"We're trying to do the best we can by our team and our investors, we're pursuing every option possible to get compensation," he said.
Overall, Dahl expressed his thanks to his team which he commended for handling both the scaling up, and subsequent winding down, of Buttercoin professionally. Going forward, Dahl indicated he would also seek to make himself available as a resource to aspiring bitcoin entrepreneurs.
Dahl concluded:
"At the end of the day, I'm super proud of the team we put together and the product we've built."
Coindesk:
Pete Rizzo (@pete_rizzo_) | Published on April 15, 2015 at 17:27 BST
Buttercoin CEO Reveals 'Tactical Mistake' that Lead to Company Closure
One week after his startup's abrupt closure, Buttercoin CEO Cedric Dahl says the wider community should be careful to learn from his experience at the helm of the US bitcoin marketplace.
Despite accruing an impressive list of investors, including Google Ventures, Centralway Ventures and Y Combinator, Dahl suggested that it was Buttercoin's affiliation with larger investment firms that ultimately left it less able to adapt in a changing bitcoin ecosystem.
He told CoinDesk:
"The big lesson is that you cannot rely on venture. You have to make a product that is self sustaining."
Founded in 2013, Buttercoin raised $1.3m in funding, capital that helped make the startup 'one to watch' in a crowded market. However, in hindsight Dahl wouldn't have tried to raise venture funds at all, he said, calling the decision a "tactical mistake".
"There's much more seed money out there. It's much easier to raise, whereas with venture, if you're not able to get it, the funding is over. With seed and angel money, you can keep going," he continued.
Since the move, some of the company's more high-profile customers have already reported switching marketplace providers, with MegaBigPower's Dave Carlson entering a business relationship with Boost VC-backed startup Hedgy.
Buttercoin's last full day of operations was 10th April, with employees scheduled to depart at close of business on 15th April.
Supply and demand
In interview, Dahl talked at length about his regret that he didn't bootstrap the company, instead trying to raise "a significant amount" early on.
"What I should've done is really start with a fraction of what I would actually need and once you have enough demand, raise more," Dahl said.
Still, Dahl warned that having traction in the marketplace isn't everything, as he believes Buttercoin was able to achieve an active user base despite opening to the public roughly five months ago.
"At the end of the day, we built a great product that had real growth that was growing between 10–25% per week," Dahl said.
Dahl also suggested the decline in the price of bitcoin was a factor in funding, noting that his initial fundraising took place when the price of bitcoin was at or near $1,000, compared to its current value of $220 at press time.
Consolidation to continue
Dahl also discussed the need for bitcoin industry executives to strike a balance between "reality and perception," noting that both are equally important when dealing with potential investors.
"Perception is important," Dahl continued, adding that he expects companies to raise funds without introducing products because of this factor.
The most likely targets for this funding, he suggested, would be first-time bitcoin investors or firms looking to capitalize on the big opportunities in the space. Further, he said that investment is likely to be split between large venture rounds and smaller seed investments, though all in line with an overall trend of consolidation.
"If you look at the money this year, 50% has gone to two companies. That's a rough figure and I think you'll continue to see this distribution where fewer companies get more."
Dahl went so far as to predict an environment where the number of bitcoin wallet providers is whittled down to a handful of well-capitalized winners.
"I think that you'll find there's going to be a really big consolidation in the space," he added.
'Moonshot' option on table
Despite the formal announcement, Dahl suggested that he wasn't ruling out a last-minute bid to save the company or secure an exit for investors.
"We're trying to do the best we can by our team and our investors, we're pursuing every option possible to get compensation," he said.
Overall, Dahl expressed his thanks to his team which he commended for handling both the scaling up, and subsequent winding down, of Buttercoin professionally. Going forward, Dahl indicated he would also seek to make himself available as a resource to aspiring bitcoin entrepreneurs.
Dahl concluded:
"At the end of the day, I'm super proud of the team we put together and the product we've built."
Yes. Most VC firms are control freaks. It's rare when you can find one willing to buy in and then sit back and let you run things without their input. When I was in business, we turned down an offer of investment for that very reason. Creative people, the very ones needing capital investment, don't mesh well with those who would control them. It's rare when this relationship works and rarer yet when it prospers.
You are exactly right, RJF. They (VCs) are never shy to bring up the "Golden Rule". And that is "He who holds the gold, makes the rule". There are many good reasons why the DNotes team has been digging deep in their pockets and not depended on VC or other funding to take DNotes and its ecosystem this far. We are so certain that we have the most viable business model to make this a big success that we would rather dig in for our last $ before involving VC funding. Now that the foundation has been built and the cement is set, the table has been turned. Soon we will be the one holding the gold. We are the average wage owners should all be very proud of what our whole team, community and our stakeholders have accomplished. Long live CryptoMoms! Happy Birthday.
I was just thinking before about the "Golden Rule" brought up by RJF and DYNA. It was a term e-mailed to me a month or so ago and I had not heard it before, although the subsequent quote makes it's meaning certain. I revisited the thought after seeing this article online: http://www.washingtonpost.com/news/on-small-business/wp/2015/03/16/no-entrepreneurs-most-of-you-dont-need-angel-investors-or-venture-capitalists/
Kauffman’s researchers discovered that roughly two-thirds of the companies were financed by either personal savings, investments by friends and family or traditional loans. Only one in 10 obtained funding from venture firms or angel investors (individual start-up backers). In fact, credit cards – among the most expensive mechanisms of financing – was used more commonly by start-ups than either angel or venture funding.
The most common sources of funding for high-growth companies - only 7.7 percent of the fastest-growing companies took money from angel investors, while even fewer are backed by venture capitalists (6%). Once again, personal savings and bank loans are far away the most commonly used source of funding.
I've noticed that with many recent applications in social media (GEMS - crypto social network), decentralised governments (bitnation.io), and mobile applications, that bootstrapping business has become common. Digital Currency VC funding is growing rapidly (250m for Q1 2015), but most of this funding is going to well established businesses with a product already on offer. Bootstrap businesses in the crypto world are producing minimum viability products at bare minimum cost, then hoping to rely on future cashflow to further develop the product. How many failed coins did you see this happen with in the last year? One of my favourite coins a year ago was XCurrency or 'XC'. Their developer seemed very competent at programming, and I recall reading his comments on the forums about his 90 hour weeks, taking time off to keep his wife happy, and the excitement and massive workload ahead of him. The dev. followed a stock-standard model of promoting his coin - he released a wallet, client, forum and started a community. Unfortunately, he expanded too fast thanks to 'promising the world'. The excitement at the exchanges caused the price of XC to go up many hundreds of fold, and the dev hadn't even released a working version of 'anonymous' send - the cause of all the hype. The exact same thing happened to DarkCoin or "DRK" - now known as Dash? I remember waiting months to see the proof of concept / execution of their claims, and the price of DRK at one stage exceeded $10 USD, for no other reason than a promise!? If a dev wanted price stability, their gameplan was the worst way to do it. DRK is now worth a tenth of what it used to, and XC is as good as dead.
These dev's planned on doing as much work as they could themselves, and then probably planned on expanding their development using the profit from the currency they had created (or run away). What I don't think they expected, was that in the crypto world, without substance and infrastructure behind your currency, it's price can skyrocket and then drop 90% in a week. The early exposure that XC and DRK created for themselves gave them only a matter of weeks to develop and implement an entire currency infrastructure, anonymous sending innovation, and active community! Traders ride the price bubbles, investors look at a long-term picture and are the biggest protection against price speculation. Investors require convincing, and don't separate with their money easily. No investor will part money for a project where the price is convoluted by speculative trading. XC and many other coins died before even getting off the mark.
When you consider the scope of the mission DNotes plans to achieve (currency of the future - now), and that it is financed by a select few main stakeholders, it is a remarkable achievement within one year. It's interesting to think how different this coins implementation has been. The dev purposefully, and publicly stated that DNotes plan was to fly under the radar, and not be concerned with prices at the exchange while an infrastructure to attract long term DNotes holders was created. Creating an environment that attracts long-term holders, I think, is the best hedge against price fluctuations.
And with that I think I'll head to bed! some of you may have realised that I've been posting my thoughts here a bit lately - they are essentially drafts for another thread I'm to make when I've got enough "DNotes differences" that have been 'peer-reviewed' by everybody here. I am sharing my crypto experiences at the same time. I'd be VERY happy if community members posted what they saw happen with other coins that looked promising, but didn't quite make it (*glances at LTC*), with the inclusion of thoughts as to why.
April 22, 2015, 09:03:18 AM
Hi everyone. My name is Daniel Chavez. I work for Cosmic HQ CosmicHQ.com
I was just talking to Alan Yong and he told me to join the forum so here I am, willing to listen to what is happening with CRISP and anything else.
I mentioned to him that Cosmic HQ is has contacts in areas of the world where I think CRISP would fit in and we are planning to and are executing this plan of entering into Africa as well as India and are working on other countries at the moment. We are growing every day and everyday our goals are met which forward one of the overall purposes of Cosmic HQ which is to bring the developing countries into communication with already developed countries and societies in regards to technology.
I hope to be in a lot of conversations here and I hope you interact with me as my intentions are quite pure.
I was just talking to Alan Yong and he told me to join the forum so here I am, willing to listen to what is happening with CRISP and anything else.
I mentioned to him that Cosmic HQ is has contacts in areas of the world where I think CRISP would fit in and we are planning to and are executing this plan of entering into Africa as well as India and are working on other countries at the moment. We are growing every day and everyday our goals are met which forward one of the overall purposes of Cosmic HQ which is to bring the developing countries into communication with already developed countries and societies in regards to technology.
I hope to be in a lot of conversations here and I hope you interact with me as my intentions are quite pure.
you are wellcome ! India market is a great space to grow. Good luck !
April 22, 2015, 08:54:21 AM
Yeah that is what I am seeing with CRISP and which is actually something I have thought about regarding digital currencies and using it to compound interest. There is a lot to talk about indeed
Welcome to DNotes!
You have certainly come to the right place to integrate crypto into your mission. I've been on your site a few times and I have to say you are doing important work. We all need to insure the digital revolution doesn't pass over those who can benefit the most like many new technologies have. You will find everyone here ready and willing to assist...
RJF
Director of CRISP for Retirement
Welcome to the forum CosmicHQ!
Great site, it looks like you are involved in quite a bit. Please feel free to share your thoughts, we look forward to hearing them.
April 22, 2015, 07:23:19 AM
Yeah that is what I am seeing with CRISP and which is actually something I have thought about regarding digital currencies and using it to compound interest. There is a lot to talk about indeed
Welcome to DNotes!
You have certainly come to the right place to integrate crypto into your mission. I've been on your site a few times and I have to say you are doing important work. We all need to insure the digital revolution doesn't pass over those who can benefit the most like many new technologies have. You will find everyone here ready and willing to assist...
RJF
Director of CRISP for Retirement
April 22, 2015, 07:13:02 AM
I look forward to details of how this 'on-da-street' crypto-coining fares, particularly whether a range of strategies can be amalgamated.
m
m
With the flyers? Yeah, me too. It will be interesting to see.
I think, even in the digital age, there is something to be said for the old ways. If I'm wrong, not much invested but, even one or two new users is worth the time.
April 21, 2015, 11:35:47 PM
Yeah that is what I am seeing with CRISP and which is actually something I have thought about regarding digital currencies and using it to compound interest. There is a lot to talk about indeed
April 21, 2015, 11:28:33 PM
Hello and welcome Daniel!
The developing world is one a place that could benefit much from Digital Currency. The CRISP programs coudl be an excellent fit with your goal to reach out to developing countries. CRISP for retirement, and CRISP for Students in particular, would for now provide an excellent way for people in these nations to get their hands on Digital Currency without needing to pay for it, then locking it away safely for a few years to experience compounding interest - this would be the closest thing to banking services that are for the most part, unavailable in the areas of the world you described.
I'm looking very forward to conversation with you on these forums, Daniel - It is always a pleasure to meet people who share similar goals and are acting to achieve them.
Please feel free to personal message me if you have any questions on the CRISP for students program, I can give you my e-mail, and we could go from there?
TeeGee.
The developing world is one a place that could benefit much from Digital Currency. The CRISP programs coudl be an excellent fit with your goal to reach out to developing countries. CRISP for retirement, and CRISP for Students in particular, would for now provide an excellent way for people in these nations to get their hands on Digital Currency without needing to pay for it, then locking it away safely for a few years to experience compounding interest - this would be the closest thing to banking services that are for the most part, unavailable in the areas of the world you described.
I'm looking very forward to conversation with you on these forums, Daniel - It is always a pleasure to meet people who share similar goals and are acting to achieve them.
Please feel free to personal message me if you have any questions on the CRISP for students program, I can give you my e-mail, and we could go from there?
TeeGee.
April 21, 2015, 11:25:39 PM
Hi everyone. My name is Daniel Chavez. I work for Cosmic HQ CosmicHQ.com
I was just talking to Alan Yong and he told me to join the forum so here I am, willing to listen to what is happening with CRISP and anything else.
I mentioned to him that Cosmic HQ is has contacts in areas of the world where I think CRISP would fit in and we are planning to and are executing this plan of entering into Africa as well as India and are working on other countries at the moment. We are growing every day and everyday our goals are met which forward one of the overall purposes of Cosmic HQ which is to bring the developing countries into communication with already developed countries and societies in regards to technology.
I hope to be in a lot of conversations here and I hope you interact with me as my intentions are quite pure.
I was just talking to Alan Yong and he told me to join the forum so here I am, willing to listen to what is happening with CRISP and anything else.
I mentioned to him that Cosmic HQ is has contacts in areas of the world where I think CRISP would fit in and we are planning to and are executing this plan of entering into Africa as well as India and are working on other countries at the moment. We are growing every day and everyday our goals are met which forward one of the overall purposes of Cosmic HQ which is to bring the developing countries into communication with already developed countries and societies in regards to technology.
I hope to be in a lot of conversations here and I hope you interact with me as my intentions are quite pure.
Welcome to DNotes forum, CosmicHQ. This is a great start. I am sure our community will be delighted that you can join us and will be looking forward to working with you if possible. It is already past midnight in US Eastcoast. You may not hear from them till tomorrow. Thanks, Daniel.
April 21, 2015, 11:15:47 PM
Hi everyone. My name is Daniel Chavez. I work for Cosmic HQ CosmicHQ.com
I was just talking to Alan Yong and he told me to join the forum so here I am, willing to listen to what is happening with CRISP and anything else.
I mentioned to him that Cosmic HQ is has contacts in areas of the world where I think CRISP would fit in and we are planning to and are executing this plan of entering into Africa as well as India and are working on other countries at the moment. We are growing every day and everyday our goals are met which forward one of the overall purposes of Cosmic HQ which is to bring the developing countries into communication with already developed countries and societies in regards to technology.
I hope to be in a lot of conversations here and I hope you interact with me as my intentions are quite pure.
I was just talking to Alan Yong and he told me to join the forum so here I am, willing to listen to what is happening with CRISP and anything else.
I mentioned to him that Cosmic HQ is has contacts in areas of the world where I think CRISP would fit in and we are planning to and are executing this plan of entering into Africa as well as India and are working on other countries at the moment. We are growing every day and everyday our goals are met which forward one of the overall purposes of Cosmic HQ which is to bring the developing countries into communication with already developed countries and societies in regards to technology.
I hope to be in a lot of conversations here and I hope you interact with me as my intentions are quite pure.
April 21, 2015, 10:25:08 PM
Finally someone in the media is paying attention to the investment potential of cryptocurrency:
"ATTENTION INVESTORS IN SEARCH OF HIGHER RETURNS: CONSIDER BITCOIN"
With all the questions undermining stock and bond yields nowadays, it only makes sense for investors to take a serious look at bitcoin’s earnings potential. Look for the financial community to pay closer attention to bitcoin in the present investment environment.
Investors looking to diversify their portfolios should consider bitcoin and digital currency, according to this past weekend’s “Weekend Investor” report in The Wall Street Journal. The article, titled “In Search of Higher Returns” featured a shiny, logoed bitcoin rising as one hand gives a 100-dollar bill to another outstretched hand...
https://www.cryptocoinsnews.com/attention-investors-search-higher-returns-consider-bitcoin/
The more people I started communicating with the more obvious it becomes that there is a huge knowledge deficit of Bitcoin and digital currency. Even among the people who. attempted to promote Bitcoin. have not been able to take it very far. So it does surprise me that the investment community is just beginning to take a closer look at it and most of those who are involved are extremely cautious.
Allocating $1 to be invested in digital currency for every $100 invested in a balanced portfolio come across with a big red sign that says, "Extreme Caution". To me that is another media bias for being way too conservative.
What if that $1 invested in digital currency is worth $3 at the end of 12 months, and the remaining $99 is worth $101 with a total worth of $103; how much it that going to help? The $1 invested in digital currency, assuming that it was DNotes, this case gained 200%, and the balance went up 2%. So you made $3 for every $100 invested. Big deal! This could be another problem dragging an already confused industry down. Personally I am comfortable in recommending a 10% allocation invested in high risk portfolio situations. However, it should be done with good due diligent.
Let us use a point of reference. Each DNotes today cost about 1 penny, or about 100 DNotes per $1. DNotes is substantially better established today than Bitcoin was on 22nd May 2010 when it cost 10,000 Bitcoin for two pizza. At today's price 10,000 Bitcoin is worth $2.25 million.
www.coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-b.
We do not always learned from history. In my opinion. again, many will miss the boat. Read what you can but don't always believe in what you read.
I wasn't able to access the Wall Street Journal article, so I can't be sure what the intentions are. The standard advice right now is 5 - 10% of your total portfolio should be in higher risk investments in order to have the returns needed to fund retirement or other long term goals. That 5 - 10% should be diversified somewhat, so it is possible for a 1% recommendation for EACH high risk investment, but not for the overall high risk allocation (as the article seems to imply). Considering this is old school Wall Street advice, to many of the investors 1% of their portfolio may represent $20,000 and they can dip their toes in without worry.
You are right though on the opposite end of the investor scale, if all you have to invest is $100, and provided losing it isn't going to bring you to tears, I would chance a much higher % on something that has the possibility of a huge gain. That $100 invested in the traditional way is going to amount to almost nothing in the future anyway.
I am also very comfortable recommending 10% in higher risk investments and believe in time the tables will turn. Five years from now, DNotes will no longer be considered a high risk investment and it may be that people are wary of stocks and bonds being dumped because of the ageing baby boomers.
"I am also very comfortable recommending 10% in higher risk investments and believe in time the tables will turn. Five years from now, DNotes will no longer be considered a high risk investment and it may be that people are wary of stocks and bonds being dumped because of the ageing baby boomers."
Chase, I think you have correctly foreseen what the US retirement funds will look like in only a matter of years. This is already being seen in Japan - I pay careful attention to world market news, but prefer to analyse market shifts personally, rather than listen to mainstream narrative. The behaviour of market players is the best way to truly see what is really going on - when the government pays pop stars and taxi companies to advertise bonds in cabs, it equates to news that should be paid attention to in my view. The following is my opinion based on said news:
The job as Finance Minister in Japan would be a stressful one (gone through 5 in 3 years), for years no bank has been prepared to loan Japan money, so Japan has relied on it's government run retirement schemes. The Japanese Government has used public savings from private citizens to purchase it's own debt, and cover the perpetual spending deficits. Now Japanese citizens are drawing more from their savings thanks to an aging population, than working Japense citizens are putting in. The Japanese Government has no new means of raising capital to cover it's spending shortfalls. Japanese banks and companies are already responding by purchasing offshore (US) assets to insulate themselves from unpredictable potential economic, bond, sharemarket and currency shifts that could result from a Japanese Government default for all assets held in Yen. It is a serious concern that nobody is talking about, I don't know what the markets will look like, but the effects will be felt worldwide. I think the US Government is also being irresponsible fiscally, but they are a bit further behind Japan on the time scale. The US though, currently has more people entering the country than exiting, which helps the situation a bit.
I think that Digital Currency will come to the foreground in light of bearish market news, and the financial struggles seen in Europe (particularly Greece). Digital Currencies will be looked upon as a potential panacea by more people world-wide, and I think it would be reasonable to presume that consumer participation will substantially increase as people look to protect their wealth, and move into using money of the future. The infrastructure DNotes will have will allow seamless and simple participation by anybody worldwide. I do wish though, that Governments worldwide find a solution to economic issues. I wish for mass consumer paritcipation, and realisation of the benefits that Digital Currency has to offer - I however, do not wish for it to come as a result of economic uncertainties and recessions that result in the financial pain of many individuals worldwide. I do hope I'm incorrect, but I do listen and agree with experts who are far more observant and smarter than myself. Digital Currency, and DNotes provide many answers to these EXACT financial problems, it makes everything so exciting. I think big players in Digital Currency can work with Governments, Banking Institutions and global citizens to alleviate the issues discussed. DNotes will be considered one of the safest investments in only a couple of years, especially if no action is taken by Governments world wide. DYNA has said on this forum (page 257, post 5131) that he wishes local business support to make Chicago the epicentre of Blockchain technology, a fantastic idea! Perhaps the group could investigate how Digital Currency can be of use to Governments world wide?
If anybody is interested in a more in-depth explanation, Kyle Bass who is the founder of Hayman Capital Management, who predicted and traded for millions in profit over the sub-prime mortgage crisis, gives an excellent presentation (1 hour long) of what he views as a looming struggle in Japan here: https://www.youtube.com/watch?v=7kFcDKBpdII
Kyle begins talking at 8 minutes.
What I'm actually building to is the importance of savings to keep economies in healthy condition. Take New Zealand for example (a country I know a fair bit about). We have a Government savings scheme where most people contribute 4% of their wages to a Government approved managed fund (I'm sure the US is similar). You can choose the level of 'risk' that you want, and most funds invest in various combinations of property, stocks / shares, futures and Government bonds. It shouldn't be surprising that with lots of additional savings going into local companies, the sharemarket has fared with a 50% point increase since the scheme began. I posit, that savings are not only important for economic growth, startups that create unemployment and other positive outcomes, but Governments are also using retirement schemes as a means of 'anti-deflation', to keep economies from recession. The Government of NZ's decision to investigate making our retirement savings scheme compulsory is a good indication of this, it would lead to hundreds of millions of additional investment yearly into local stocks. People spend more when they feel 'wealthy', this effect has been observed in crypto already with Bitcoin (the deflationary spiral theory needs revisiting), this will also mean that while people will be without 4% of their income, they will feel they need to put less away for retirement, and feel wealthier; people will not spend 4% less as a result of not seeing the retirement income in the hand, this figure will likely be smaller - and stock market pumping and economic 'growth' continues.
CRISP for Retirement is so much better, the unit's paid out is not dependent on 'stock market performance' - it is embedded in coding. I think people can trust this, everyday people just need to hear about it, and understand that Digital Currency is the future by simple communication of what it is, and how it applies to them.
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