Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 260. (Read 814542 times)

I will be writing up the final design for CRISP for Employees program. Been emailing back and forth with Alan and Marc to nail down how the program needs to work. The key is it needs to be designed for employers to sign up and manage funds and how they are distributed to the employees. I have a general idea of how that will work, but I would appreciate any comments and suggestions before I post the version I am thinking of.

That too is why working late, very late hours at times even though you may not want to, you do it so you can be successful. This means doing it each and every day even though you may tire of something or not feel like writing an article, or not feel like taking that phone call on a Sunday evening at 9:00.  You do what you have to do each and every day at each and every moment to become successful and to be around the next day, week, month and year. Each and everyone needs to do their part without exception and to the greatest of their ability on each and every task. Expecting someone else to take up your slack does not contribute to the team effort. That is why I love the DNote community each and everyone is doing their best to make DNotes a success even if there are bumps along the road.  Nothing cannot be overcome with great spirit, attitude, effort and commitment.  Keep up the great work and if you are slacking at times say to yourself "what can I do to make the DNotes community and experience a better place"! There will come a time when the struggles of the crypto world will not be so great that will be the time to take a deep breath.  Congrats again to everyone involved!

21 Chairman Hints at Stealth Startup's Larger Mission at Bitcoin Job Fair
http://www.coindesk.com/21-ceo-balaji-srinivasan-bitcoin-job-fair/

There were a few very interesting points made in this one.

"Srinivasan suggested that bitcoin is now moving to a stage of institutional acceptance"

"Bitcoin is to PayPal as Linux is to Windows. It is open-source, decentralized and programmable. "

"Are there legal issues? I think that was a reasonable concern in 2013, [but] I don't think that's a reasonable thing today," Srinivasan said.

He further characterized the US government's sale of confiscated bitcoin at auction as "implicit sanction" and a sign of institutional acceptance.

"A lot of people thought there was going to be a crackdown on bitcoin. Now, neutral to positive things are being said. Since the [US Senate] hearings in late 2013, there's been a real turn around," he continued.

Excellent, browsed through the other members of that meetup group. Looks like a great networking opportunity.

This is what I posted at:

 
Alan Yong
Location:
West Chicago, IL
Member since:
April 18, 2015

Introduction
With an absolute conviction that digital currency + Blockchange technology is the greatest technology revolution in the history of mankind, I founded DNotes, CryptoMoms, DNotesVault + CRISP savings for everyone. Google "DNotes Alan Yong" to learn more

What Alan Yong is saying about this Meetup Group:

Digital currency and Blockchain technology will result in massive job and wealth creation. Should we quietly watch San Francisco, New York, Singapore or London seize the crown? Utilizing everything I learned from behavioral science theories at GWC to developing and executing winning strategies at NIU, I have led a team and a community to develop Bitcoin Alternative DNotes. At one of our MBA classes some 40 years ago, we concluded that the 2nd mover advantage trumps the pioneer advantages, often saddled with pitfalls and paying a high price with no recourse. We used all that to our advantage and built the most stable digital currency among over 500 industry peers. For over a year we have built the digital currency of the future that can truly exploit the near zero transaction cost. Using highly scalable building blocks we have also created our own ecosystem. I will be delighted to share more with you to see if Chicago can be the Epicenter of Digital Currency and Blockchain Technology

Shoot me a link, I'm game, I enjoy learning about how people (or anything) works.

It goes back to the whole 'game theory' and 'prisoners dilemna' thing that many espouse. People have a much better likelihood of success if they work together for mutual interests, rather than everybody losing.

I did a research paper on game theory once, and there were some interesting critiques, but overall I think the theory provides a great example of why people should work together.

This is from wikipedia:

"The prisoner's dilemma is a canonical example of a game analyzed in game theory that shows why two purely "rational" individuals might not cooperate, even if it appears that it is in their best interests[citation needed] to do so. It was originally framed by Merrill Flood and Melvin Dresher working at RAND in 1950. Albert W. Tucker formalized the game with prison sentence rewards and gave it the name "prisoner's dilemma" (Poundstone, 1992), presenting it as follows:

Two members of a criminal gang are arrested and imprisoned. Each prisoner is in solitary confinement with no means of speaking to or exchanging messages with the other. The prosecutors do not have enough evidence to convict the pair on the principal charge. They hope to get both sentenced to a year in prison on a lesser charge. Simultaneously, the prosecutors offer each prisoner a Faustian bargain. Each prisoner is given the opportunity either to: betray the other by testifying that the other committed the crime, or to cooperate with the other by remaining silent. Here is the offer:

If A and B each betray the other, each of them serves 2 years in prison
If A betrays B but B remains silent, A will be set free and B will serve 3 years in prison (and vice versa)
If A and B both remain silent, both of them will only serve 1 year in prison (on the lesser charge)

It is implied that the prisoners will have no opportunity to reward or punish their partner other than the prison sentences they get, and that their decision will not affect their reputation in the future. Because betraying a partner offers a greater reward than cooperating with him, all purely rational self-interested prisoners would betray the other, and so the only possible outcome for two purely rational prisoners is for them to betray each other.[1] The interesting part of this result is that pursuing individual reward logically leads both of the prisoners to betray, when they would get a better reward if they both cooperated. In reality, humans display a systematic bias towards cooperative behavior in this and similar games, much more so than predicted by simple models of "rational" self-interested action.[2][3][4][5] A model based on a different kind of rationality, where people forecast how the game would be played if they formed coalitions and then they maximize their forecasts, has been shown to make better predictions of the rate of cooperation in this and similar games given only the payoffs of the game.[6]"


The term 'rational self interest' comes up frequently in political and philosophical discourse, the prisoners dilemna can demonstrate that rational self interst doesn't necessarily mean beneficial in any way. Mutual interests is another axiom this community should focus on as a point of difference.

"people who were sceptical of government involvement in monetary systems and had a natural propensity to prefer 'smaller government' with less control over their lives were much easier to bring forward to participate in crypto . . . "

Tee hee, we whittled our elevator pitch down to 'Do you hate banks?'

"Much of the issues in our the cryptocurrency world can be attributed to selfish greed."

Kanus, the striking of a realistic sociological balance (in an environment in which you can't look into someone's eyes . . .) is my great interest. I don't troll -- but if you wanna PM me, I will link you to the experiment we have well underway. And:

http://cointelegraph.com/news/114010/new-bitcoin-subreddit-will-not-allow-trolling

Mark

Incredible post TeeGee, I hope everyone got a chance to read it.

I also wanted to highlight one point in Dyna's post that really drew my attention. Much of the issues in our the cryptocurrency world can be attributed to selfish greed. It is disappointing when people can't work together for a common goal and everyone benefits. Working together leads to far greater benefit than can be accomplished on your own, and you don't have to hurt others to get ahead.

The answer is plain and simple. They (banks) believe by doing this that they are helping to eliminate the bitcoin threat when in reality (which banks have never been in) the opposite is true. For every account they close due to bitcoin activity they make another believer in the cryptocurrency system. For this I am glad as the banks are actually helping us achieve our goals of a decentralized currency. Talk about shooting yourself in the foot.....this is one of the best examples I can think of.

After reading this article, I realized yet another reason we need decentralized digital currency. While I'm sure there may be good reasons to close someone's account or freeze their assets, this certainly doesn't seem like one of those cases. They also refuse to provide an explanation as to why they performed these actions.

'Barclays closed down my bank account after Bitcoin trade'

http://www.telegraph.co.uk/finance/personalfinance/investing/11537972/Barclays-closed-down-my-bank-account-after-Bitcoin-trade.html

TeeGee, I am thoroughly impressed that you identified each of those items and pieced them together so well. It is easy to look at each accomplishment individually and not be impressed. When you can combine them into one package, you can really begin to see the bigger picture and direction DNotes is headed. We are still building DNotes foundation, and only seeing hints of what is to come.

Excellent post, TeeGee. This write-up is the closest anyone has attempted to understand why DNotes is fundamentally different; both in substance and in style. In many ways, it disclosed the portion of our business plan that has mostly been executed or the segment of the road map that we have already traveled. Yet from the outside, those are just some of the most obvious that have contributed to DNotes success. There must be more than that.

Indeed there are. Among them, was a clear understanding of a very complex new industry in a chaotic state behaving very badly. At the founding of DNotes on February 25, 2014 a strategic choice had to be made. Join them or create a new universe. One that thrives on trust and respect in an environment that is productive and rewarding. To accomplished that, there must be a cultural change; from one that reacts instinctively to self interest to one that believes in mutual interest for mutual benefits. DNotes is reflecting a cultural change. That in and by itself, is a significant contribution to our industry. Can that new culture spread industry wide? Perhaps; if it does, we will go down in history as the community that started it. Many more articles will be written on the critical importance of trust and integrity where mutual interest trumps self interest.

Tee Gee's post was GREAT! That should be posted everywhere

TeeGee, that was a great post and should be used as part of the DNotes "history book."  It always helps me fill in the blanks of the big picture of DNotes when I hear what people were thinking when they first came to DNotes or what they did before that.  I can't take credit for coming up with the idea for CryptoMoms.  PEACEOFWAR first mentioned the idea of doing something to target women and that sparked someone to come up with the idea of CryptoMoms.  I thought it was a great idea to reach out to women.  The more research I did into the levels of poverty, the retirement crisis, and other issues that women faced, the more I realized how big of an impact a currency like DNotes could have on them.

And yes, I am a mother of two grown children.

I really enjoyed reading this post. Getting more people to understand crypto will be a massive under-taking.

I remember back in about June or July 2014, I contacted DYNA and wrote a massive letter discussing my personal views on Digital Currency, and what my experiences were in terms of getting other people to share the passion I had for it, and explain the difference between demographics that took 'less effort' to get on board. It was my view at the time, that people who were sceptical of government involvement in monetary systems and had a natural propensity to prefer 'smaller government' with less control over their lives were much easier to bring forward to participate in crypto - the more they heard about the decentralised nature of the system, the more excited they got. It was my thought at the time, that if DNotes could win over the lions share of the existing Digital Currency market + that of people who were sceptical of government intentions and market mis-management, that such a position would become the perfect launchpad to push DNotes into the mainstream. DNotes would already be the pre-eminent Digital Currency, but in a small, 'niche' market - it's dominant status in the crypto community would mean the difficult task of expanding into the mainstream would begin without much in the way of worry from competitors.

Now I don't think my strategy was faulty by any means. I had formed it based on personal experiences with what 'types' of people were easy to bring to the crypto family, and those who weren't. I do however, think that I made an error in scope - I thought the task of immediately promoting to the mainstream user of money was too difficult, technical, costly and risky. I was very aware of the happenings in the crypto markets, and saw that no other crypto but 'Bitcoin' were pushing for mainstream adoption, and this push was coming from 'third party' businesses that were operating on the Bitcoin network, but could easily switch to any other coin that defeated BTC. Seeing this, I think I reasonably decided that every other player had analysed the 'cost-risk-benefit' ratio and decided against mainstream advertising. Every crypto had essentially limited their userbase to a 'niche' market, hoping that success in the industry would bring it to the mainstream in the future.


Many here will already know that DYNA specialises in strategy, and takes on the 'strategist' role for DNotes. DYNA espouses a mantra of 'doing what others are not prepared to do' and 'moving strategically at the most opportune time'. No doubt, DYNA thinks that mainstream adoption is possible now, and is one of the few (along with his core co-founding team - DNotes and Smokey) prepared to get the job done. At the point of my initial 'hello' e-mail to DYNA, I did not know much about him but for his adventures in the market that is mobile computing.

One thing quickly became apparent about the error in presumptions I had made about mainstream adoption - no other Digital Currency had effective or successful 'strategists' or strategies behind them. Most Digital Currencies are launched by computer experts who want to 'make a dollar', professors trying to realise an 'improvement' they saw potential in, or jokers who thought 'meme' coins like Dogecoin et al were a great digital 'content type'. People looked at Bitcoin's success and thought - 'Oh!? Well why not I give that a go too and see what happens?.' It shouldn't really be any surprise then, that no other Digital Currency seems to have moved in the same direction that DNotes has. DNotes also has an active community of contributors who have been the brainchild of many of DNotes projects - Chase for example thought up both Cryptomoms AND CRISP's! These contributors haven't only thought up ideas, but have supported the programs with their time and full effort. Cryptomoms is managed by Chase and Grandmama, and the CRISP programs by (past and present) Chase, RJF, TeeGee, Malfort and Cryptobroker (who also just released a really cool educational app). DNotes then has a community of active forum users who provide high quality, throught provoking thoughts that educate readers, and a warm friendly environment to discuss industry ideas. It is this community background, that has brought over analytical thinkers from other crypto networks to come participate like IMZ, transcending community barriers.

DNotes first realised that female participation was too low in crypto as frequently highlighted by forum contributor Chase, and moved to create cryptomoms. The team knew that complex public user ID codes like "3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy" were far too complex, annoying, unsafe, and prone to error - with slow processing times thanks to a bloated blockchain to send digital currency to on a computer wallet or online 'wallet'. The creation of DNotesVault meant the simplification of crypto to the level that anybody who can use e-mail can send it without worry of copy and pasting long hash codes, or making a mistake. It meant that your Ditial Currency is safe in an online vault with a 100% deposit guarantee. It meant that money can be transferred instantly and securely on the Vault system without having to process through the blockchain, which means payment processors in the future could use the service to instantly receive payments without waiting for blockchain confirmations. It meant the development team was advertising itself as the solution to an otherwise unsecure and untrusted environment. It meant that DNotes was going to target the mainstream now, not wait years for somebody else to do it.

Our resident forum 'cryptomom' Chase (Seriously, I hope you're a mom after this!)  DNotes launched CRISP, a series of Cryptocurrency Investment Saving Plans that focussed on the functions of, and how people actually used money. This strategy meant that the infrastructure would be in place for Digital Currency users to have a functional value to their DNotes for transactional use, investment and savings - rather than just have them for the sake of 'hold and hoping'. This strategy ensured that every demographic, whether it be young or old, student or retiree, poor or wealthy had an opportunity to get involved now and reap the future rewards because the CRISP programs applied to everybody. DNotes is pumping out press releases into mainstream media outlets regularly to inform everyday people about the 'everyday' financial services and products they either currently, or will in the future offer their stakeholders. 99% of the world that use money do not even know what Bitcoin is, and those who do tend to pay attention to financial markets or be tech enthusiasts. These 'mainstream' money users are quickly going to recognise DNotes as the only Digital Currency with a trackrecord of stability to make a viable currency used for payments. DNotes is positioning itself into the mainstream now, and no other Digital Currency is establishing itself as a competitor. Forgive me for being bullish, but I think DNotes will 'dominate' quickly and be in a position that it will fast become in a market position so far ahead of the competition, it will be difficult for any competitor to reach as a result of these strategies.

DYNA's strategy was different to mine, in that he knew that mainstream adoption could be achieved now. Nobody else is prepared to, or has the skills necessary to do what DNotes is currently doing. DYNA said himself that he didn't think he would be able to create winning strategies to accomplish the end goals he has for DNotes 20 years ago when he was founding CEO of Dauphin Technology - the company that created the first tablet computer, best known for winning a $400m contract with the pentagon, and later a $150m manufacturing contract with IBM. Tech visionaries see potential in markets early before everybody else does. DYNA did this at Dauphin, then again at Smokey's Garden's with our resident Smokey (probably worlds largest flower grower, with over 5 million plants!). Smokey, who co-owns Smokey's Gardens with Dyna recently said,

"This reminds me of our Daylily business. We are so far ahead of the competition that we could write a book on it, invite them to our operation, SHOW them how we do it, and they still could not match us. Part of this is because most others would not put in 100 hours a week (not just working, working our ASS OFF) for weeks on end when needed (like we did). Part of this is because most others, after working 12 or 14 hours, would not discuss strategy and plan for world domination of the Daylily World until midnight (like we did). MOST of it was in the planning. If you do not plan for it, it WILL NOT HAPPEN."

Working 100 hour weeks is tough, in fact... I've never even worked a 100 hour week. When I was a full time Chef, I worked long hours - normally 65-75, but regularly over 80, and sometimes over 90. I did these hours because I had a 'responsibility' to my employer (well, ya know... I was the only person who was available do the work at the time), but that was definitely not the way I would have chosen to spend my week. DYNA and Smokey were working 100 hour weeks voluntarily!!! These men were doing exactly what they wanted - planning their business to succeed. Planning to win. When people have a 'passion' for something the way DYNA has stated he has for Digital Currency on these forums, the effort he puts into DNotes doesn't even feel like 'work' anymore. When people are passionate about something, they will often spend their time doing whatever activity it is without remuneration. Passionate people, combined with winning strategies can achieve anything.

DYNA is very busy now working tirelessly behind the scenes to get DNotes flying and is now struggling to find time to participate at the forums (but does anyway), DNotes (the user) is always silently creating infrastructure behind the scenes, many community members are silently chipping away at various projects. Let us see how it all pans out.

What are BitSeeds
BitSeeds are a currency that can be sent through the Internet, used in any country, have no fees and use accounts that cannot be frozen. BitSeeds can be traded on the Internet for goods, services, or fiat money. It is the first digital currency that has a real impact on the world in which we live.

Can I laugh now or should I wait? So much wrong with this whole thing. I will stick with DNotes thank you very much.

My money is on the later. DNotes is still the only one I see in the position to do so. Many of the other coins are focusing on small niches. Here is one I couldn't wrap my head around, maybe someone can explain it to me.
http://www.rainforestfoundation.org/bitseeds
I'm sure some of you have seen the article on cryptocoinnews. It caught my attention because I am interested in preserving the rain forest, and the rain forest foundation themselves are involved. What I can't understand is how creating a currency will help them achieve the goal of replanting the rain forest.  The best I can come up with is they are the only ones that have the bitseeds to start, and you have to buy them directly from the rainorest foundation. If that's the case, what will make them worth anything? I almost emailed them, but it sounds like a good cause and I didn't want to come across like I was interfering or against it.

This is an interesting article that fits in with "The Chicago Plan."


"5 Cities Poised To Be The Next Silicon Valley Tech Hub"

http://www.forbes.com/sites/navathwal/2015/02/12/5-markets-poised-to-be-the-next-silicon-valley-for-real-estate/