Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 268. (Read 814542 times)

Chase, that is a helpful way of understanding what is Bitcoin, Digital Currency or DNotes in the simplest terms that is easy for a layperson to understand. It is a valuable asset that can increase or decrease in value. Its current asset valuable is easily divisible and can be converted into goods, services, or other assets.

At this infancy stage, like an infant, most of it capabilities are not yet developed or perfected.  The baby just learned to sit up; it will then learn to crawl, walk and run. DNotes just started learning to walk. There are very strategic reasons why we are not trying to run yet. If you believe that this baby is unique, with a very promising future, now is the time to be a part of the family. Once the baby reached maturity and started running, you may have already missed too much of the distance to catch up. This is just a different prospective.

I used to be obsessed with mining before all my hardware became obsolete, and I lost all faith in GAW's business model (I saw them for a scam pretty quick - although, almost bought a 500mhash vaultbreaker mid 2014 for ~5k). My view, is that if you think the coins will be worth a significant amount in the future, then mining COULD be better than purchasing. If you have lots of hashing power, and you are long-term holding, then you will be crowding out other miners that would otherwise be dumping those coins on exchanges - meaning less downwards pressure at the exchange. I mined DNotes at a loss for quite some time because I knew I'd make it all back (and easily did). Other than that, I personally think that with the exponential trend of difficulty, that many people will not make a return on their mining equipment if they sell straight away, it's a gamble of which coin you mine, how long you hold it, and that mined coins success.

I live in NZ, and I had to take into account that any mining equipment would take ~2+ weeks (presuming batch was dispatched on time) to arrive. That would mean the 2 weeks of the time that I owned the miner when the difficulty was lowest would be lost! I'd be losing about 60-100 dollars per day! by the time you have owned the miner for say 3 months, you are only making 20 dollars or less per day. There are various mining calculators that help calculate estimated mining profitability based on exponential increases in mining difficulty and changes in the Bitcoin price. There are too many variables, but I'm interested in seeing what RJF thinks.

RJF, firstly, I agree.

I know you are pretty well versed when it comes to mining. If someone were to ask you about buying equipment today, would you recommend mining over buying the coins directly?

IMO: Pretty much in line with my thinking and advise worth following. One caveat though, the jury is still out on Aricoin. Aricoin is a rebranded version of Olympic Coin (OLY) that was dying last year. The community took over OLY and converted it to ARI. Not a bad thing but, I always feel the full story should be told before anyone invests. (I do own some ARI converted from OLY). 

Also, and this is my opinion only, the DNotes I mine go straight to my wallet or DNotesVault. I don't sell any to pay the bills as it is my opinion that DNotes will be far too valuable in the future to spend or sell now, it would be loosing money to me.

I think that many miners are missing the long term picture. If you are mining and selling a coin at USD $0.01 and that coin appreciates to $1.00 in four or 5 years, you have done yourself a series disservice with the coins sold early. As long as you can pay the bills without selling mined coins, I would say hold them all. And this goes back to the first part, choosing the right investment coins in the first place. Good choices make profitable investments, period.

From CryptoMoms Form:
Worth reading.

Quote from: wiser on Today at 12:00:04 AM

I've done a fair amount of speculating on coins and have done well on some, not so well on others. Unless you want to devote all your time to it, it's best to look for a coin that has a strong development team and solid plan from the beginning.

If you look at the BitcoinTalk announcement thread for the coin, look at how many posts are in the thread relative to how long the coin has been out. Post count isn't the be all end all and it can be inflated with useless or troll posts, but generally if the coin only has a few pages of posts, that's a pretty good indication of lack of interest, in which case you should view it as a short term thing.

Coins that are willing to take longer to launch and build up support, coins that are willing to run an advertising campaign... those ones are more interesting for long term. Some examples of coins that I think might be good long term coins are of course D-notes (D-Notes has it all--almost), New Economy Movement's XEM (it took close to a year to launch and platform built from scratch was extensively tested before launch), NeuCoin which has yet to launch looks interesting--they have an ad campaign. Aricoin is also an interesting one. The coin exists but they haven't completely launched yet, and rather than have a big launch they are trying to introduce it gradually.

Another thing I look for is a creative vision for the currency itself, particularly a roadmap for making the currency successful. There are actually a lot of steps to this process and some developers have not given it much thought at all, while others have a good plan. If some sort of roadmap proposal isn't volunteered in the announcement thread I'll ask for it, and if it's not forthcoming, I've learned to hold off.

I own a few scrypt miners and while it can be fun to mine a new coin and sell it at a profit, that doesn't last long. Very quickly the net hash rate catches up to bring the coin to about the same profitability level as Litecoin. At this point, the reason to keep mining the coin or buy the coin is a strong solid belief that the coin will be worth more in the future (whatever "worth more" means to you). I view D-Notes as that kind of coin. When I mine it I do sell some especially if the price enjoys an upswing like it did last month to pay the mining bill, but I also make sure to set aside a significant portion of the coins I mine to "savings," i.e., the D-Notes vault.

That brings up another thing to look for in alt coins: it really helps if the coin has value added to it, like things besides the coin itself. With D-Notes, we have the D-Notes vault and this forum. With XEM, you essentially have a brand new platform and algorithm which is an improvement over what's currently out there, with Devcoin you have the Devtome and the open source work, just to name a few examples.

Finally, a number of alt coins have an algorithm called Proof of Stake, which means that if you have a significant balance in your wallet and leave the wallet open to "stake" you will gain more coins, which can then be sold, accumulated, or what have you. If you tend to leave your computer on all the time anyway, that can be a good way to get some extra off your initial coin purchase. The coin does have to be a good one, though. Coins with some form of proof of stake are SEED, XEM, NXT, to name just a few. D-Notes is not proof of stake but it does have the D-Notes vault retirement section which allows you to earn interest if you're willing to tie your coins up. The AllCoin exchange recently implemented "interests" where it will pay you 0.01% per day for each coin you have on deposit if you have a sufficient balance (which isn't too high). That allows you to "earn" on your BTC and altcoins even if you're just holding onto them. The catch is you have to log in to the exchange every day and push the "interests" button for each coin to get it--it's not automatic.

Anyway, that's what goes through my mind when I'm looking for new coins to "invest" in. Please don't buy any coin just based on the examples I used or the recommendations I made. You all have to do your own homework

Quote from Dyna:

Hi Wiser. I just want you to know that I enjoyed reading your article. Excellent write-up and great recommendations. I wish I have time to add to your comments. Instead I am going to repost it on DNotes Forum. Great job and thanks.

It's easy to see why this guy is so successful.  I've condensed the article to my favorite points only, which coincidentally are similar to the style of DNotes.

Just a clarifying note:  The definition of an asset is an item of ownership having exchange value, items of ownership convertible into cash, cash itself, notes, securities, property available for the payment of debts, etc.  This makes any cryptocurrency that still has value and is exchangeable, an asset.  The asset backed cryptocurrency rage right now, doesn't make them any more of an asset.

not is complicated at all, just need find partners, in example of use tupperware net, the bussiness can give bonuscoins for the products buys, this is typical, that later customers can save or spent in other things. (imagine one franquicia of technologie, that give you a 1% of each buys in fiat, in DNotes, what nice slogan buy now in mediamarket and assure your future or spent it now and buy last psp model)

really, common people dont ask how visa card works, just know they charge money and can spent it on a few sites.

the special interest in bussines that spread for meetings is exactly this that can make wallet install and send coins just to trust ey this works! and is so easy!

Can DNotes CRISP can be threated by banksters like a good and unique product to invest for his venture investors - savers ? ( yes of course always that they win too) Can they make tupperware meetings paper, yes for sure.

But hey DNotes claim be a solution for unbanked people too, and only way go there is by traders (that sell Dnotes) and bussines (that accept DNotes).




about Reid Hoffman talks, really i think he is talking about bitshares!!  "They are: One, it’s an asset, like digital gold 2.0 (bts has a few stable assets usd euro gold silver pegged to real value). Two, it’s a currency in as much as currency is like the digital app that allows you to begin to transact and trade (bts-btc instant transactions). And, three, it’s also a platform where you can build financial and other products on top of it (has integrated market like WS for everybody use or public his bussines or crowfunding but you can build what you like in DPOS protocol with his tool kit)"

another thing is when ask him about why is bitcoin down since 2013, ,,, the right think to thing is why bitcoin go to 1200$ (MtGox only can go out from there in btc), knowing this is fast to understand why go down so quicly, and just not only speculation that make it go down, centralized exchanges and altcoin-exchanges and massive miners are making his job too. and not forget the thieves of bter evolution ect.. and police bids

That takes an amazing amount of dedication and patience. But that is what our industry needs a lot more of. Good things don't come by easy.

Indeed, associating meetups with Tupperware parties is . . . sub-optimal.

However, although it is clumsy and time-consuming and frustrating, physical meetups, where you can buy and sell a pinch of crypto, where you can help newcomers set up a wallet, where they can see coin arrive in that wallet, where you can trade bullion, where you can buy or sell products, where you can answer questions, where you associate cryptos with people . . .

doubleplusgood!

Mark (IndiaMikeZulu), Australia

This is a must read article. There are very good reasons why some people are consistently successful. They don't depend on good fortune. They have the vision and they bet on it for the long term; a minimum of five years.

There is no sure thing in the investment world but there are many smart guiding principals. Take time to do your home work. Be totally objective and pick the top 10%. If you are correct, pick two to three from this group that you believe are the best in class. Invest in them for the long term. Keep investing more on a regular bases. Stay informed and adjust your investment accordingly.


KIM LACHANCE SHANDROW
ENTREPRENEUR STAF
APRIL 10, 2015


Reid Hoffman has an expert eye for promising tech startups. The LinkedIn chairman and co-founder's early stakes in Facebook, Airbnb and Dropbox prove he's able to see the next big thing before most of us even know what it is -- and it’s paid off for him time and again.

These days, the so-called “startup whisperer” is placing his bets on Bitcoin. As a full-time partner at venture capital firm Greylock Partners, he claims his primary focus is to invest in “world-class entrepreneurs with new categories of ideas with the possibility of massive scale.” One of those entrepreneurs is Wences Casares, co-founder ofXapo, an ambitious, Palo Alto, Calif.-based Bitcoin wallet and storage startup. With Hoffman leading the charge, Greylock invested $20 million in Xapo last year.
 
“Bitcoin has the potential to be a massively disruptive technology,” Hoffman wrote in a post announcing the investment last July. “It is the leading digital currency and it’s growing fast.”

Related: LinkedIn's Reid Hoffman: Success Tips From Silicon Valley

Then, in November -- a month before Bloomberg declared Bitcoin the worst-performing currency of 2014 -- he announced a hefty personal stake in Bitcoin that he brokered, a $21 million investment intoBlockstream. The Montreal-based startup aims toimprove upon Bitcoin’s blockchain backbone, the shared public ledger upon which the virtual currency’s entire network relies.

We caught up with the father of online professional networking recently to find out why he’s betting big on Bitcoin and why he thinks the controversial cryptocurrency is here to stay. What follows are portions of that interview, edited for clarity and brevity.

Related: Why This Internet Pioneer Thinks Bitcoin Has the Power to Break the Cycle of Poverty

When did Bitcoin first pique your curiosity and when did you become a believer?

I first got into it after speaking with Wences Casares, who I refer to as Patient Zero for Bitcoin in Silicon Valley. Patient Zero is the first infection of a viral contagion.

I’d been paying attention to Bitcoin because a couple of other people that Wences had talked with, like Katana Capital founder Charlie Songhurst, had also talked to me about it and said that it was very important. No one had made the argument in a way that stuck yet, but it made me curious. I started to really think about it, so I sought out Wences in the summer of 2013. We had a fairly thorough conversation. He articulated very strong positive theories about Bitcoin and I began to feel empowered.

Related: IBM Looking at Adopting Bitcoin Technology for Major Currencies

What is most interesting about Bitcoin to you? What attracts you to it?
Once I started really digging into it, I came to realize that there are three aspects to Bitcoin that are interwoven and Bitcoin is most interesting because of them. They are: One, it’s an asset, like digital gold 2.0. Two, it’s a currency in as much as currency is like the digital app that allows you to begin to transact and trade. And, three, it’s also a platform where you can build financial and other products on top of it. These attributes all bound together are what convinced me that there’s a certainty that there will be at least one global cryptocurrency and that there’s a good argument that it’s Bitcoin, or that Bitcoin is one of them, if not THE one. And, if Bitcoin isn’t that global cryptocurrency, than something else will be.

I think that a global cryptocurrency that is an asset, a currency and a platform, is pretty essential for good progress in what we can do when it comes to building products and services, banking the unbanked in the third world and creating effective commerce across borders, among other things.

Related: 'Days Felt Like Years': What Morgan Spurlock Found When He Tried to Survive on Bitcoin for a Week

You’ve said that you’re not concerned with the day-to-day price of Bitcoin, that you’re more focused on the long-game outlook of your Bitcoin investments. Why?

My investment philosophy is very much long-term. I don’t do any small trades, like, “Oh, I’ll own this for a year and then I’ll sell it.” I invest only in long-term trends. That’s part of the reason I’m a venture investor. When I invested in Airbnb, when it was totally a new and random thing, most people said, “No way, no one’s gonna’ have strangers over at their house to rent a room, etc.” I saw it differently.
When I invest, I think, “What is the way the world should be and is this investment part of that end? Is this plan the best plan for that to happen?” So that’s minimum five years. When it comes to Bitcoin, that’s the framework that I think about it in.

Why do you think the price of Bitcoin has diminished so much since late 2013, when it soared above $1,000?

I think that the price drop has gotten lost in asset speculation. A lot of people were like, “Oh, my God, I gotta’ get in now!” They thought it was a get rich quick scheme. Obviously the run up was driven by speculation. Speculation tends to be very volatile to, “Oh, my God, it’s headed down now. Oh, get out quick.” Speculators are not long-term buyers. Speculators are cash in on the upswing and know when to get off the boat.

Honestly, I don’t even check the price. I don’t even know what it is right now. I would guess it’s around $200-ish. Once it went down to $200, it’s actually not been that volatile since. The volatility decreased after that big drop and it’s now coming to a point where it’s at the current clearing price.

Related: How a Teenage Entrepreneur Built a Startup on Bitcoin Riches

What are the biggest challenges holding Bitcoin back from mass adoption?

There aren’t enough use cases that make it easy enough to transact in Bitcoin yet. It has to be easy to use and reliably fulfill people’s needs. Most of the places a digital asset is needed very badly are not places like the U.S., where I can sit with my dollars in the bank. It’s more like Argentina or Ukraine or Russia. Those areas still have to get to the point where it’s useful.

Once you get the asset store working in those locations, you have to figure out where people want to transact in Bitcoin. Is it cross-border transactions? Is it other types of transactions that are unique and difficult to do?

While it’s cool that Overstock will accept Bitcoin, a lot of people in the U.S. have credit cards and can buy from Overstock with them, so they don’t need to get Bitcoin in order to buy from Overstock. Most mass adoption of technology doesn’t just go do something just because it’s cool. When you get mass adoption, it’s because it’s serving a need.

Related: Winklevoss Twins: Bitcoin Is Like a 'Child Taking Its First Steps' But Will One Day Win the Finance Marathon

What is your advice to those considering investing in the Bitcoin space?
Roughly speaking, it’s very much like a venture investment. What I tell people who are angel investors investing in it, even though I think that the likelihood that Bitcoin will go to zero is very low, I say don’t invest in something you’re not willing to lose, or lose a good portion of. Now, for portfolio management, like if you have $10,000 and you invest $500, that’s usually kind of an unsafe side bet.

If you’re interested in Bitcoin, if you believe it’s part of how you think the world should be, the way the world will eventually end up going towards and you want to participate in that, then it might be for you. Or, if you’re in some place where you have no real, good asset value store and you’re uncertain about the banks, you’re uncertain about the government currency, then Bitcoin can provide a useful asset store for you.
http://www.entrepreneur.com/article/244859

!00% in agreement with RJF. Any students, anywhere and everywhere. The specific focus on Colleges and universities is that they are more aware of Bitcoin and more likely to organize special interest groups and invite speakers. For your children, our target should be more focused on the parents and grand parents. Our family of CRISPs are designed to cover everyone "from the unborn to the super rich" Why the super rich" They can be the donors to charities and scholarship funds. DNotes is strategically positioned for the very long term. That is why are strategies are so different. Once enough people are converted to our  camp, we will start to dominate and be very hard for others to replicate.

And one more problem with this, Braintree is for business. You need business info and bank acct just to sign up so, that restricts who can use their services.

Possible places to post flyers:  staff or lunch room at work, school supplies or computer stores, community centres, public libraries, and recreation centers. Some of the smaller towns I've come across over the years have a public bulletin board almost everywhere. 

I'm sure there are others, but those are the ones that came to mind.

Honestly, post it anywhere it will be seen by responsible people. The only reason I said college is that my oldest daughter is about to graduate from University of Maryland so she has easy access and knows where to make us visible. She is also alumni at College of Southern Maryland and will post there too. Next year she will be attending Law School in New Mexico and I'll bet she will post it there as well!

If I had kids in K/8 I could work that angle as well but, that was some time ago!

PS: She will be taking pics of the postings to verify it was done.

"Is the CRISP For Students initial target market University and College students only?  I think it may be taken advantage of at the high school level - just a thought."
Absolutely, k-8 is probably better off in the CRISP for Kids, though high school students still apply. High school, colleges, universities are a good fit for the CRISP for Students program.

"Do you think it is a good idea to post this flyer in places where students' parents, grandparents, etc might see it and take an address for the student?"
Certainly, it's not coming to mind what those places might be. Would you give us an idea of places you were thinking?

I really like this idea and the flyer looks great. 

Question #1 - Is the CRISP For Students initial target market University and College students only?  I think it may be taken advantage of at the high school level - just a thought.

Question #2 - Do you think it is a good idea to post this flyer in places where students' parents, grandparents, etc might see it and take an address for the student?

Follow up article on CCN asks "WHY IS BITCOIN PRICE NOT ADVANCING ON THE PAYPAL ANNOUNCEMENT?". Using this method of integrating bitcoin does not necessarily have a positive impact on the price. It could have a positive impact on liquidity. It may even have a negative impact on the price as more selling may occur. Until merchants start accepting digital currency as a form of payment rather than gateway to get fiat, i think it is likely large merchants will have a negative impact on bitcoin. As with DNotes, we know it is not ready for mass merchant adoption and we won't push that aspect until it is ready.

https://www.cryptocoinsnews.com/bitcoin-price-not-advancing-paypal-announcement/

Good. If there are no further comments on it, I think we will run with that. If anyone who goes to school here would print it out and leave it on their local boards and community rooms, that would be helpful.

Welcome to DNotes, correhidor. Thanks for the Tweeter give away. Every effort to help DNotes build better awareness will go a long way for DNotes to be successful. DNotes is one of the safer coins for day trading but don't forget to save some for the long term. That is where the potential for high return is. Our business model calls for building a solid foundation before expanding rapidly. Central to our success is a stable trustworthy currency, but it must be based on a solid track record of at least a couple of years for professional investors to take us seriously. In the mean time, we are making every attempt to build a solid foundation with the most important part of our ecosystem; the DNotesVault for easy and secure storage with 100% guarantee, our family of CRISPs for everyone worldwide to participate, and CryptoMoms to encourage women's participation while serving as a currency neutral site for our industry peers to promote their products and services for free.