Excellent post, TeeGee. I honestly wish I knew as much as you do when I was your age. We are very proud to have you as part of our team. My commitment is to help build a near perfect framework upon which DNotes can build a solid foundation that can outlast any test of time. Once that is accomplished, the professional managers can run the show with the best business practices just like any other well managed major corporations.
DNotes is more than a stable digital currency built upon trust and integrity. It is built, alongside the currency, as a business capable of immense growth few will understand until it has already taken place. It reminds me of a quote from George Bernard Shaw:
“Some people see things as they are and say why. I dream things that never were and say why not?”
I am working on a press release for next week that is quite compelling. It has the appeal to draw the “Mavens” a little closer to DNotes’ mission. I am certain that one day DNotes will be a part of many cocktail party conversations.
Thank you for the kind words, but just remember - Google (or should I have said the internet? - one day people will say DNotes as money too). Just imagine all the extra things you could have accomplished - like start DNotes many years earlier, if the internet was around when you were my age! I count myself lucky to be born in the information age, where google is at my fingertips, and research is simple. With the innovations this team is pushing, I'll be saying to the next generation (which will be what, Gen Z?) - 'I wish I was my own bank when I was your age' or 'I wish I had access to cheap credit from anywhere in the world for my start-up at your age'... not to mention the unknowns like - 'I wish I was able to download the internet to my brain when I was your age!'... (although transhumanism and human senescence obviously won't be for all!).
My take home point is, each generation makes use of the take home gifts that the previous generation leaves them. DYNA and his generation gave us computers, his fathers generation gave us the aeroplane, and his father's father the internal combustion engine - my fathers generation gave us the internet, debit cards and the Rolling Stones. Each generations made massive advancements in medicine that improved livelihoods for all and we all use tech advancements left to us, to propel humanity higher even faster! Now we are at a crossroads where a mix of people from different parts of the globe from many different generations are working together to help every person become their own bank, and free them from the clutches of debt slavery via the DNotes project.
Who knows what the ramifications will be? and what I'll one day be saying to my children... (other than 'shhhh, you get access to your first CRISP when you turn 18'.
Hope I didn't make anybody feel older than they would like! Purely illustrative.
Brilliant! I have never heard the term Mavens, but that type of person starts showing their "stuff" as young as preschool and people keep following them for life. You're right, they are a perfect target for DNotes.
I would encourage anybody to read Malcolm Gladwells books - The first of which I read was the 'tipping point - how little things can make a big difference'. For those who want a quick once over, some of the main ideas are described here:
http://en.wikipedia.org/wiki/The_Tipping_PointI remember reading about Mavens in there, and ideas like this extract:
"The Law of the Few", or, as Malcolm Gladwell states, "The success of any kind of social epidemic is heavily dependent on the involvement of people with a particular and rare set of social gifts".[3] According to Malcolm Gladwell, economists call this the "80/20 Principle, which is the idea that in any situation roughly 80 percent of the 'work' will be done by 20 percent of the participants"
I read it many years ago when I was perhaps 17 or 18 after my dad put me onto it, and I may have a different idea if I were to read it again now. From memory though it was really interesting, as was Gladwell's book "blink - The power of thinking without thinking" (all about instinctive judgements) and "Outliers - The story of success" which was really eye opening, and many people repeat the 10,000 hour rule to master a craft discussed in it.
"A common theme that appears throughout Outliers is the "10,000-Hour Rule", based on a study by Anders Ericsson. Gladwell claims that greatness requires enormous time, using the source of The Beatles' musical talents and Gates' computer savvy as examples.[3] The Beatles performed live in Hamburg, Germany over 1,200 times from 1960 to 1964, amassing more than 10,000 hours of playing time, therefore meeting the 10,000-Hour Rule. Gladwell asserts that all of the time The Beatles spent performing shaped their talent, and quotes Beatles' biographer Philip Norman as saying, "So by the time they returned to England from Hamburg, Germany, 'they sounded like no one else. It was the making of them.'"[3] Gates met the 10,000-Hour Rule when he gained access to a high school computer in 1968 at the age of 13, and spent 10,000 hours programming on it.[3]
In Outliers, Gladwell interviews Gates, who says that unique access to a computer at a time when they were not commonplace helped him succeed. Without that access, Gladwell states that Gates would still be "a highly intelligent, driven, charming person and a successful professional", but that he might not be worth US$50 billion.[3] Gladwell explains that reaching the 10,000-Hour Rule, which he considers the key to success in any field, is simply a matter of practicing a specific task that can be accomplished with 20 hours of work a week for 10 years. He also notes that he himself took exactly 10 years to meet the 10,000-Hour Rule, during his brief tenure at The American Spectator and his more recent job at The Washington Post.[2]"Bill Gates was one of 3 or 4 people on the planet who had met the 10,000 hour mastery of computers by the time demand for skills in the sector skyrocketed, and Gladwell argues this played a material role in his long term success.
"It is not about being first, but being in the best position at the most opportune time" - DYNA, sometime... ages ago amongst the myriad of old forum pages.
As usual, this is another excellent post, TeeGee. The 80/20 Rule has been revised and refined a number of times to make it more generally applicable to help explain many different situations and outcomes.
Among those, “Dr. Juran's observation of the "vital few and trivial many", the principle that 20 percent of something always are responsible for 80 percent of the results, became known as Pareto's Principle or the 80/20 Rule” has been used most often as a rule of thumb.
As an interesting note, 80% of business startups failed in the first two years. I would venture to say that the failure rate in the crypto currency world will be significantly higher. In my opinion 90% will fail.
This should help explain why DNotes is so firmly committed to be the best in class right from its beginning. Our mindset is to be the best in everything we do. Instead of taking a risk that there is an 80% chance that we could fail, we have an 80% chance that we could succeed. Of course, that is if we are satisfied with the 80/20 rule. That may be good enough for some, but certainly not good enough for our team. We are committed to accept nothing short of wanting to be the best in everything we do. May be one day, someone can write a book about what it means to be the best in class and why it matters to score high in every category upon which we are being judged. May be one of the core missions of CRISP for Students is draw upon the strengths of “Mavens” to groom the next generation of the “vital few”.