Chase, that is an outstanding article with some very practical advice. I am frankly surprised that high school students’ financial literacy is only 18%. Perhaps DNotes can help play a role in the future to help change that. CRISP for Children and CRISP for Students are indeed designed for the purpose. Our next step is to start generation revenue to fund worthy projects and that is partly what the book is about.
Thanks Alan. It is hard to believe that someone can graduate from high school with straight A's and still be financially illiterate.
I think I may have been one of those unfortunate souls. Straight A's (or close). Little to no financial literacy. I've sure learned a lot since then.
Dyna, glad to hear (from another post) that you will be incorporating in the US. Sounds like a wise decision.
I can confirm that the incorporation of the new company is in process. Below is a direct quote from the book
"The Four Pillars of Business Success" Chapter 15 - DNotes Story -
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9. Integrated Private CompanyAlthough DNotes is managed as a business, it is not controlled like one. Being a decentralized autonomous organization, the DNotes currency is owned by its entire group of stakeholders on an “at will” basis. Any stakeholder can change ownership at will without notice. We have taken this ownership structure one step further by owing up to a 25% stake of the equity in the privately held for-profit company, DNotes Global, Inc., incorporated in the State of Delaware, USA. By extension, all of DNotes stakeholders have an ownership stake in DNotes Global, Inc.
This company does not control the currency itself. However, among others plans, the company will help to develop and fund our growing ecosystem and projects that are going to be essential in taking DNotes to the next level; to become the dominant digital currency leading to mass global acceptance. Extending company equity to currency holders is expected to provide significant fundamental and intrinsic value to the currency as the company expands.
Leaderless organizations can be a big hurdle to ongoing development. This has been witnessed in Bitcoin’s community in solving the maximum number of transactions its network can handle simultaneously. We see the potential of chaos and impotence as an inherent weakness of decentralized systems that forego leadership. This risk can be minimized with the presence of a group of developing stakeholders who have sufficient self-interest to help protect and promote the organization.
Digital currency and the blockchain are the best opportunity in a generation to invest in the future from the ground floor. The next several years will be pivotal to DNotes’ rise to preeminence in the financial technology industry. Upon release of this book, Alan and the team will switch into the next phase from planning to execution of technology development. The last two and a half years have been spent carefully analyzing market and consumer behavior, working on our value proposition, building critical infrastructures, and waiting to spring forward at the most opportune moment. We are confident that we will dominate the industry swiftly when we are ready. This book serves to throw the gauntlet in our self-imposed challenge.
Arnold H. Glasow probably said it best when he said
“Success is simple. Do what’s right, the right way, at the right time.” DNotes is focused on exploiting its competitive advantages at the most opportune time."