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Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 323. (Read 814568 times)

RJF
hero member
Activity: 616
Merit: 500
Online since '89...

There have been some really inspirational posts in the last year where people have shared how they got to where they are today, whether it was how they came to DNotes or just life in general.  If you remember any, whether they are yours or someone else's, can you please post them (even if they were from a few days ago).


This was posted by Burned on November 22, 2014:

I read most of what's written here, but have never posted... anywhere.  I don't know very much about economics or technology, but here is my story anyway.

How I Ended Up With DNotes

Earlier this year, a couple buddies said to me "You've got to get into cryptocurrency while its so cheap".  They even told me what HOT coins to invest in.  So I bought in on their 'expert' advice.  A while later some guy told me about DNotes and when I asked my 'advisors' about it, they said they had never heard of it and that I should steer clear of it.   I liked what the guy told me about DNotes so I bought some anyway and never told them.  Some of the coins they recommended went up for a while but all of them came down way below what I paid for them.  Three pieces of crap coins are gone altogether. 

I was fed up with cryptocurrency and decided to sell the whole works and cut my losses.  I was going to sell my DNotes too even though they were the only thing that was worth more than what I paid.  At the last minute I decided to hang onto them and sold the rest of the garbage for bitcoin.  I let it sit there for a couple of months and kind of forgot about it.  When I checked it after, my DNotes had tripled.  NICE!

Part 2

Happy with my DNotes investment, I decided to try again.  I was going to find a couple of other coins to invest in so I didn't have everything riding on one.  You know, the "Don't put all your eggs in one basket" speech.  I had no idea where to start except not to ask my friends for any advice.  I remembered someone here talking about the charts on Coinmarketcap and that DNotes had the best chart.  Okay, this will be easy.  All I have to do is find coins that have a chart like DNotes.  I also heard that 80% of coins aren't around after 30 days, so I scrapped anything that didn't have at least a 90 day chart.  This is all new to me, so I was pretty impressed with myself.  I figured I found the secret formula to pick a winner.

Since DNotes was my only success by a long shot, I ranked it as number 1.  Now to find number 2.

I looked at hundreds of charts and most were the exact opposite of DNotes and the rest looked like one of those machine readouts of a brain on drugs /\/\/\/\/\.  Then I checked some coins out on Bitcointalk and that made me even more lost.   I got burned the first time and wanted more to go on than a load of crap.  I had no idea what technology they were talking about or why the hell the coin even needed it???  Secret formula... yeah right.  At this point I stopped looking and spent the rest of my bitcoin on more DNotes.  After all this, I finally came to the conclusion that there is lots of number 2 out there, but there is only one number 1.

Yep, that sounds familiar. Glad to see you held your DNotes and I'm sure you are as well! Somewhere in that time frame, I posted a 180 day chart of DNotes continuing appreciation and Dyna said he was making it his desktop background. Might have been the chart you saw...   Cheesy
  
member
Activity: 96
Merit: 10
Hi everyone:

My apologies I have been battling a horrible ear/tooth infection and been down 90% of the last 3 days but have enough energy to say hi and I am glad to see this 1 year mark.

My hope is that everyone is energized and ready for true value to be understood.

As I have pointed out to people over the year, BTC took over two years just to reach .85usd per BTC. and was and still is very erratic


I am proud to be part of DNotes, and I know our stable increasing value is the best. I have never been able to say anything about DNotes being a bubble since it has been stable and in every sense the anti bubble. Showing our assets first through cryptomoms.com and dnotesvault.com
and showing our long term view for building wealth and no "get rich quick schemes"

=) way to go on 1 year and many many more to come.
legendary
Activity: 1638
Merit: 1005

There have been some really inspirational posts in the last year where people have shared how they got to where they are today, whether it was how they came to DNotes or just life in general.  If you remember any, whether they are yours or someone else's, can you please post them (even if they were from a few days ago).


This was posted by Burned on November 22, 2014:

I read most of what's written here, but have never posted... anywhere.  I don't know very much about economics or technology, but here is my story anyway.

How I Ended Up With DNotes

Earlier this year, a couple buddies said to me "You've got to get into cryptocurrency while its so cheap".  They even told me what HOT coins to invest in.  So I bought in on their 'expert' advice.  A while later some guy told me about DNotes and when I asked my 'advisors' about it, they said they had never heard of it and that I should steer clear of it.   I liked what the guy told me about DNotes so I bought some anyway and never told them.  Some of the coins they recommended went up for a while but all of them came down way below what I paid for them.  Three pieces of crap coins are gone altogether. 

I was fed up with cryptocurrency and decided to sell the whole works and cut my losses.  I was going to sell my DNotes too even though they were the only thing that was worth more than what I paid.  At the last minute I decided to hang onto them and sold the rest of the garbage for bitcoin.  I let it sit there for a couple of months and kind of forgot about it.  When I checked it after, my DNotes had tripled.  NICE!

Part 2

Happy with my DNotes investment, I decided to try again.  I was going to find a couple of other coins to invest in so I didn't have everything riding on one.  You know, the "Don't put all your eggs in one basket" speech.  I had no idea where to start except not to ask my friends for any advice.  I remembered someone here talking about the charts on Coinmarketcap and that DNotes had the best chart.  Okay, this will be easy.  All I have to do is find coins that have a chart like DNotes.  I also heard that 80% of coins aren't around after 30 days, so I scrapped anything that didn't have at least a 90 day chart.  This is all new to me, so I was pretty impressed with myself.  I figured I found the secret formula to pick a winner.

Since DNotes was my only success by a long shot, I ranked it as number 1.  Now to find number 2.

I looked at hundreds of charts and most were the exact opposite of DNotes and the rest looked like one of those machine readouts of a brain on drugs /\/\/\/\/\.  Then I checked some coins out on Bitcointalk and that made me even more lost.   I got burned the first time and wanted more to go on than a load of crap.  I had no idea what technology they were talking about or why the hell the coin even needed it???  Secret formula... yeah right.  At this point I stopped looking and spent the rest of my bitcoin on more DNotes.  After all this, I finally came to the conclusion that there is lots of number 2 out there, but there is only one number 1.
legendary
Activity: 1610
Merit: 1060

Bill Gates doesn't believe poor countries would benefit from using Bitcoin because of it's volatility.


"Bill Gates remarked earlier this year that bitcoin wasn’t feasible in poor nations. He cited bitcoin’s volatility as a reason his own charity isn’t looking to use bitcoin, and that the currency alone wouldn’t be able to solve global payment challenges.

Gates said poor nations wouldn’t benefit from a currency whose value rises and falls so much against the local currency, so for now, bitcoin wouldn’t benefit such countries."

http://finance.yahoo.com/news/bitcoin-could-banking-possibility-africa

Great article, Chase. DNotes is on track to be the currency Bill Gates and other philanthropies may be looking for as the most effective ways of providing productive opportunities for the unbanked to emerge from poverty. We just have to be patience in building a solid track record over a longer period of time before approaching the top tier charity organizations such as the Bill and Melinda Gates Foundation. We have some solid strategies in place to make this a reality. It is all part of our long term strategic plan. When well executive, this will serve as another contributor to DNotes stability. We can look back in two years from now to determine if I am correct on this one. We can count on Chase to call this out. 
legendary
Activity: 1638
Merit: 1005

Bill Gates doesn't believe poor countries would benefit from using Bitcoin because of it's volatility.


"Bill Gates remarked earlier this year that bitcoin wasn’t feasible in poor nations. He cited bitcoin’s volatility as a reason his own charity isn’t looking to use bitcoin, and that the currency alone wouldn’t be able to solve global payment challenges.

Gates said poor nations wouldn’t benefit from a currency whose value rises and falls so much against the local currency, so for now, bitcoin wouldn’t benefit such countries."

http://finance.yahoo.com/news/bitcoin-could-banking-possibility-africa
legendary
Activity: 1638
Merit: 1005
From Dyna's post November 25, 2014:


"Maintaining stability is probably the biggest challenge for any digital currency."

"The DNotes team identified high volatility as one of the most serious threats right from the beginning.  We have a stability model in place which we follow closely. It is nearly impossible to have a tight daily trading range, but over the longer term, DNotes is certainly the most stable digital currency. "

"Our clear and consistent messaging to our stakeholders is a major contributor to our price stability. DNotes is positioned and promoted as a long term investment. We value trust and integrity very highly."

"Our main areas of focus in the coming months will be on DNotesVault, CR.I.S.Ps. and CryptoMoms."

"DNotes will not go down in history as a currency lacking in technologies and innovations. We are deeply informed on what is going on in our industry and I am of the strong opinion that many are going down the wrong directions; often over emphasizing, and over-stretching claims of new technologies or innovations that are irrelevant or never finished."

"One of our biggest strengths is to deliver the innovations that are perfectly aligned with the strategic execution of our business plan. DNotesVault is a perfect example of that. When we are ready to make a big push towards merchant adoption, you can count on, mobile applications and payments processing involving the latest innovations will be delivered. By choice, DNotes will continue to maintain a low profile on various projects we are working and will only disclose them when appropriate. There will always be unknown value not factored in DNotes current price. This is another contributor to DNotes price stability."
legendary
Activity: 2198
Merit: 1000
Just a quick update. There will be an upcoming patch soon, the fix will require a fork. As soon as we are ready, we will provide everyone the updated source code to update the daemon and start notifying everyone, as well as provide the new desktop wallets.

Sounds like a plan!  Wink

THX!

PS: we will all work through this hiccup together.  Cool
legendary
Activity: 1932
Merit: 1111
DNotes
Just a quick update. There will be an upcoming patch soon, the fix will require a fork. As soon as we are ready, we will provide everyone the updated source code to update the daemon and start notifying everyone, as well as provide the new desktop wallets.
legendary
Activity: 1638
Merit: 1005
Wishing all the team at DNotes a very Happy Birthday!  Been a very nice ride the first year and looking forward to an even better year in 2015. Happy to be part of this group of people who really care about the future of crypto currency and pushing through all trials the tribulations to make it happen day after day!  Again Happy Birthday Dnotes and the entire team.


Isn't it nice how everyone here fits in like a piece of a large puzzle.  2015 is going to be exciting!
member
Activity: 82
Merit: 10
Wishing all the team at DNotes a very Happy Birthday!  Been a very nice ride the first year and looking forward to an even better year in 2015. Happy to be part of this group of people who really care about the future of crypto currency and pushing through all trials the tribulations to make it happen day after day!  Again Happy Birthday Dnotes and the entire team.
legendary
Activity: 1610
Merit: 1060
HAPPY BIRTHDAY DNOTES COMUNITY !!!!!!  DNOTES COIN 1 YEAR OLD NOW

First, they ignore you. Then, they laugh at you. Then, they fight you. Then you win!” – Mahatma Gandhi keep in mind
[/b][/size]


Sure Dnotes coders can doom this bug, and very soon will be an anecdota of DNotes Birthday day.

Remembering when Dnotes start, I just arrived to cryptoworld with 1 little rig of 3 graphic cards, fighting to mine lite coins and later mining instamined Dnotes with block bonuses oh amazing days, such profitability than ever, Didnt forgot the SUPER Giveaways and bountys much Generous with everybody , later come Supermoms forum a great idea to try to make a portal to womans and moms enter to Dnotes and cryptos, A big big bag of Dnotes carry this days loosed painfully some little trading in uptrends some for not have wallet backup some for sell, but ever with dnotes in pocket. But hey im just arrive to crypto world, make a lot of faults but sure not find anybody that teach you here, now a lot learned here and concious lot remain to learn, mining trading saving investing. Just plus than 1 year experience in crypto jungle im sure that DNotes-Staff and his ecosystem comunity-proyects are one of most serious and generous that i meet and proud of participating in. Throwing light in the darkness. Whatever i can help us just here i am.


GOOD LUCK ALL AND ENJOY OPEN HOUSE !!



That is quite a vote of confidence. We appreciate your support very much, especially your great efforts in reaching out to the Spanish speaking world. Let us know any time we can be of assistance.
legendary
Activity: 1932
Merit: 1111
DNotes
We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

Thanks RJF, that is the issue we are working on.
Yep, saw that after posting. Always remember to refresh!  Cheesy

For the time being, I am sending large transaction fees through the network in an effort to compensate for the missing block reward.

That's very nice of you but it just complicates matters even more for many pool owners - we have the responsibility of trying to figure out who get's what from each block found - there's no 'magic button; we can push to do those calculations.

Lifeforce Pools is closed until the real problem is resolved. I am looking forward to a real fix to the problem - until that time arrives our pool will remain closed.

thanks for your prompt reply to my message to you and I will be forwarding the payment addresses and the the number of pool shares for all the affected miners on the pool so that you can disperse the funds accordingly.

kindest regards


Thanks for the heads up. We will do everything we can to get it fixed asap.
sr. member
Activity: 616
Merit: 253
We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

Thanks RJF, that is the issue we are working on.
Yep, saw that after posting. Always remember to refresh!  Cheesy

For the time being, I am sending large transaction fees through the network in an effort to compensate for the missing block reward.

That's very nice of you but it just complicates matters even more for many pool owners - we have the responsibility of trying to figure out who get's what from each block found - there's no 'magic button; we can push to do those calculations.

Lifeforce Pools is closed until the real problem is resolved. I am looking forward to a real fix to the problem - until that time arrives our pool will remain closed.

thanks for your prompt reply to my message to you and I will be forwarding the payment addresses and the the number of pool shares for all the affected miners on the pool so that you can disperse the funds accordingly.

kindest regards
legendary
Activity: 1932
Merit: 1111
DNotes
Bitcoin Alternative DNotes Launches Long Term Saving Plans With Potential To Aid The Unbanked And Retirees Worldwide

Stable cryptocurrency DNotes launches new Cryptocurrency Investment Savings Plans (CR.I.S.P) for Retirement. Long term saving plans will receive up to 12% yearly interest bonus on their deposit with a 1 million DNotes limit on the bonus interest offered and 100% deposit guarantee

CHICAGO, IL / ACCESSWIRE / February 18, 2015 / Stable cryptocurrency Dnotes, after the successful launch of Cryptocurrency Investment Savings Plan (CR.I.S.P) for Kids, is pleased to announce their latest long term savings plan for Retirement. CR.I.S.P. allows people worldwide from all financial backgrounds to set up savings accounts with the potential of high returns. Individuals that commit to long term DNotes deposit of 5, 10, 15, or 20 year duration will receive up to 12% yearly interest bonus on their deposit with a 1 million DNotes limit on the bonus interest offered and 100% deposit guarantee.


DNotes is a Bitcoin alternative cryptographically created digital currency based on a novel decentralized peer to peer model, where trust is replaced by mathematical algorithms, eliminating the need of an intermediary such as a bank or an automatic clearing house. Assets of value such as Bitcoin, DNotes, and other cryptocurrencies can be sent and received in minutes anytime, anywhere, worldwide without the oversight of any central authority. It takes as little as two simple cell phones, or computers with an internet connection to send and receive funds.

CR.I.S.P. rests on the web wallet and secure coin storage platform DnotesVault.com; a secure and a strategic vehicle of DNotes to become the digital currency of the future with lasting value. Its mission is to encourage and assist everyone, worldwide, to support and participate in the high potential returns of digital currency savings. The DNotes' team has gone to great lengths to ensure that the user interface is simple to use and easy to understand. The technology and process control, while complex, make it so secure that a 100% guarantee matching fund, always in excess of the total amount in deposited, exists with the guaranteed fund being displayed with addresses and amounts verifiable on the blockchain.

Bitcoin as a digital currency and the associated blockchain technologies are viewed by many highly regarded industry leaders as the greatest technology innovation since the Internet. The distributed and consensus technologies coupled with the blockchain protocols have significant and positive world changing implications.

DNotes co-founder and experienced computer entrepreneur Alan Yong has been quoted saying, "We never had and never will have a better opportunity to help the financially disadvantaged and the enormous population of the unbanked who have little means of rising from poverty."

Unlike the costly credit and debit card payment network systems, where personal information is always at risk of being stolen with huge identity theft liabilities, DNotes transactions are only identified by a string of numbers, valuable for reference and tracking only. All transactions are posted in the blockchain public ledger and available for public inspection and verification. The complexities built in the hash functions make the successfully confirmed transactions impossible to reverse; thereby avoiding potential fraud and huge cost burdens to merchants who often have been exposed to such risk when accepting credit and debit card payments.

Mr. Yong explains that for mass consumer and mass merchant participation to take place, there must be a stable trustworthy digital currency like DNotes to deliver the true cost advantages of an alternative form of payment, beyond just the lower cost of transactions.

As reported, the richest 1% of the world's population will own more than the other 99% put together by next year and according to a 2012 World Bank published report there are over 2.5 billion people worldwide who are under-served or not served by banks and financial service companies. These groups, collectively known as the unbanked have limited opportunities to emerge from poverty. DNotes digital currency is the future of money with growth and appreciation potential for early adopters and long term investors. It also has the potential to change the wealth of nations and their citizens, when supported with favorable regulations. Under the right political leadership that has a deep knowledge and appreciation of this powerful technology, massive job creation could be the much needed impetus to propel the next global economic bloom that can benefit more than just the rich.

With DNotes long term Cryptocurrency Investment Savings Plans for Retirement, with up to 12% yearly interest bonus with a 1 million DNotes limit on the bonus interest offered following the well-received launch of CR.I.S.P. for Kids - DNotes may very well be a game-changer in terms of long term cryptocurrencies and their impact on personal wealth on a global scale.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only and should not be taken as investment advice.

For more information about us, please visit http://dnotesvault.com/crisp-for-retirement.php.

Contact Info:

Name: Alan Yong
Email: [email protected]
Organization: DNotes

legendary
Activity: 1176
Merit: 1000
HAPPY BIRTHDAY DNOTES COMUNITY !!!!!!  DNOTES COIN 1 YEAR OLD NOW

First, they ignore you. Then, they laugh at you. Then, they fight you. Then you win!” – Mahatma Gandhi keep in mind
[/b][/size]


Sure Dnotes coders can doom this bug, and very soon will be an anecdota of DNotes Birthday day.

Remembering when Dnotes start, I just arrived to cryptoworld with 1 little rig of 3 graphic cards, fighting to mine lite coins and later mining instamined Dnotes with block bonuses oh amazing days, such profitability than ever, Didnt forgot the SUPER Giveaways and bountys much Generous with everybody , later come Supermoms forum a great idea to try to make a portal to womans and moms enter to Dnotes and cryptos, A big big bag of Dnotes carry this days loosed painfully some little trading in uptrends some for not have wallet backup some for sell, but ever with dnotes in pocket. But hey im just arrive to crypto world, make a lot of faults but sure not find anybody that teach you here, now a lot learned here and concious lot remain to learn, mining trading saving investing. Just plus than 1 year experience in crypto jungle im sure that DNotes-Staff and his ecosystem comunity-proyects are one of most serious and generous that i meet and proud of participating in. Throwing light in the darkness. Whatever i can help us just here i am.


GOOD LUCK ALL AND ENJOY OPEN HOUSE !!

legendary
Activity: 1932
Merit: 1111
DNotes
We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

Thanks RJF, that is the issue we are working on.
Yep, saw that after posting. Always remember to refresh!  Cheesy

For the time being, I am sending large transaction fees through the network in an effort to compensate for the missing block reward.
legendary
Activity: 1610
Merit: 1060
In case you missed some of these historic moments posted earlier. Here they are on one post:


Just a little History:
Page 35

https://bitcointalk.org/index.php?topic=470155.680

e: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 25, 2014, 03:02:49 AM      #686

 
DNotes will be one week old tomorrow (February 25, 2014). We are most appreciative of the tremendous support and confidence you have given us. This is just the first baby step. For DNotes to truly be the currency of the future, it must take a different path to create a new culture of equal opportunity, trust and fairness to all, irrespective of their capabilities and resources. Building a strong community with a very large number of stakeholders throughout the world in an environment sufficiently comfortable and favorable to assist and trade with one another, is one of many building blocks in our road map. This is not just another "marketing coin" as some have suggested.  However, our "Rule of Engagement" is "Do Not Engage". It is more productive for us stay focused in systematically executing our strategic plan to the benefits of all of our stake holders than to win over a few non-believers. For those who are interested in getting a better understanding of our business, follow our postings closely. We invite you to re-post them in part or in full as you feel appropriate.  The true value of DNotes is in the future. We are committed to working collectively with you to increase the asset value of DNotes for the long-term.
 
We will be launching a large scale promotion to get DNotes into the hands of many utilizing a single use faucet and incorporating a DNotes tip bot on Reddit, which will be announced as soon it is finalized and tested successfully.



Just a little history:
Page 38


Quote from Allcoin.com


Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 26, 2014, 04:28:14 AM      #714
(First day traded) Unit of Account established.
 
Guys exchange your NOTE @ https://www.allcoin.com/trade/note_btc


****************************

Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 27, 2014, 08:02:11 PM      #745

Quote from mikbe:

“I don't get it. Who is that idiot who sells NOTEs a little over 300 satoshi?”

Comments:

DNotes was traded at as low as 28 sat on March 6, 2014 and continued with a trading range of 80 to 100 sat for some time. It is now trading at 4000 sat and has always been the most stable digital currency among over 500 traded crypto currencies. It has consistently created higher highs and higher lows.


Just a little history.
First official post from Dyna


Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 28, 2014, 04:38:06 AM
      #748

Quote from: mikbe on February 27, 2014, 08:02:11 PM
I don't get it. Who is that idiot who sells NOTEs a little over 300 satoshi?

Quote from Dyna:

Everyone sees value differently. It may be a good thing that some are willing sell low and let others with limited resources to buy in and join our growing community of stake holders. Our strong believers will also have the opportunity to increase their stake.

DNotes is a diamond in the rough for stake holders with patience and appreciation for lasting value. May be not so much for those expecting “pump and dump” so common in the crypto currency world. DNotes’ team has impressed many with a flawless launch and now totally focused in building a strong community with generous giveaways everywhere. Quite refreshing to see a very  dedicated team with strong commitment in creating value for long term stakeholders with no sign of participating in selling (dumping) at Allcoin, the only exchange currently available to trade DNotes.



Just a little history.
Breaking News


http://www.washingtonpost.com/blogs/the-switch/wp/2014/02/26/sen-joe-manchin-calls-for-a-bitcoin-ban-as-regulators-seek-accelerated-push/

Feb 26 2014

Manchin Demands Federal Regulators Ban Bitcoin

Did the Senator know what he was talking about?

That was the Breaking News one week after DNotes was launched.  

“Wow! Good thing we did not spent a fortune developing the DNotes website". Dyna reacted with discouragement. He wondered if the good Senator even know what he was talking about.


Quote from Chase:

A humorous rebuttal to this was posted on CryptoMoms.

Posted by: BitcoinBandit

Re: Bitcoin - Believe It Or Not!
« Reply #8 on: August 27, 2014, 03:48:53 PM »

Believe it or not, in March 2014, a U.S. congressman asked for a ban on dollar bills.  Here's why...

http://www.usnews.com/news/articles/2014/03/05/congressman-asks-for-dollar-bill-ban


excerpts - "Rep. Jared Polis, D-Colo., asked federal regulators to ban dollar bills Wednesday, lampooning a similar request from Sen. Joe Manchin, D-W.Va., that the feds ban the digital currency Bitcoin."

"In a humorous rebuttal that nearly parrots Manchin, Polis wrote to the same regulators: “The clear use of dollar bills for transacting in illegal goods, anonymous transactions, tax fraud, and services or speculative gambling make me wary of their use. Before the United States gets too far behind the curve on this important topic, I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans.”

The very features of dollar bills, such as anonymous transactions, have created ubiquitous uses from drug purchases, to hit men, to prostitutes, as dollar bills are attractive to criminals who are able to disguise their actions from law enforcement..."


Just a little history.
An early research:



This has an influence on DNotes’ Road Map:

Is Bitcoin a Real Currency? An economic appraisal
David Yermack
NBER Working Paper No. 19747
Issued in December 2013
NBER Program(s):   LE   ME


A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily transaction for the few merchants who accept it. Its volatility is greatly higher than the volatilities of widely used currencies, imposing large short-term risk upon users. Bitcoin's daily exchange rates exhibit virtually zero correlation with widely used currencies and with gold, making bitcoin useless for risk management and exceedingly difficult for its owners to hedge. Bitcoin prices of consumer goods require many decimal places with leading zeros, which is disconcerting to retail market participants. Bitcoin faces daily hacking and theft risks, lacks access to a banking system with deposit insurance, and it is not used to denominate consumer credit or loan contracts. Bitcoin appears to behave more like a speculative investment than a currency.
http://www.nber.org/papers/w19747

*******************************

Comments from Dyna:

“A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria.”

Okay, so David Yermack, a professor of finance at the NYU Stern School of Business argued that Bitcoin failed to meet the bona fide currency functions as a unit of account, a store of value, and a medium of exchange and therefore it is not a currency but a speculative investment.

What if a Bitcoin Alternative DNotes can meet and exceed those “bona fide currency functions? Would that be the currency of the future then?

“……. Volatility …..   making bitcoin useless for risk management and exceedingly difficult for its owners to hedge.”  Not useless, but exceedingly costly to hedge, thereby wiping out all low cost transaction savings. I have made that point many times.

Clearly the challenges Bitcoin faces today are not new. The article above was published in December 2013.

DNotes is fortunate to know the problems confronting Bitcoin before we laid our first foundation block. Amazingly this was one of the earliest articles studied in my early research on Bitcoin before we started to map out the “Winning Strategies for DNotes” in January 2014. We decided to build a currency from ground up with trust and integrity so that it has the best chances to be the “Digital currency of the Future with Lasting Value” and launched it flawlessly on February 18, 2014. The rest is history.

Just a little history:
Quote from MinningHabit


March 2, 2014
Page: 39


An interesting prospective:


“For me, cryptos represent a way to maintain control amidst all of this pervasiveness. Don't get me wrong, our collective quality of life will improve immeasurably and in untold awesome ways. But all that progress will have a cost. And I think altcoins represent a significant piece of insurance against technological progress stifling our humanity. I don't want to be controlled, and I don't want financial companies, among others, to have the kind of power over me that they do now. For example, Visa is larger than Disney. Mastercard is larger than Boeing and McDonald's.

They are that big because of the centralized power of current wealth transfer paradigms. Decentralized, superrrrr-secure paradigms with broad support, like DNotes, are perfect cogs to be a part of running the ‘anti-machine’."
RJF
hero member
Activity: 616
Merit: 500
Online since '89...
We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

Thanks RJF, that is the issue we are working on.
Yep, saw that after posting. Always remember to refresh!  Cheesy
legendary
Activity: 1638
Merit: 1005
DNotes was launched one year ago today.

Here is a post by DNotes on February 18, 2014:


Quote from: BestofSR on February 18, 2014, 10:48:09 AM
What is interesting about this coin?
is it just for miners, so they can dump it?
Is that all there is to it?

Quote from: DNotes
Excellent question. There is so much mistrust and confusion in the crypto currency world any position one takes is likely to be challenged, both positively and negatively. From a business prospective, we all want to be successful and willing to work hard for it, including risking some hard earned money. As a group, miners provide the largest amount of investment of money, time, and other resources, providing a critical part of the ecosystem. However, with the exception of a few, miners are not getting the reward and appreciation they deserve. DNotes is pro-miners. We trust that many miners see the long-term value of DNotes.  Aside from miners, we will  also extend our appreciation and reward to many who support  and help promote DNotes.
 
The currency will only be successful if it gains rapid, widespread, and broad base support from a very large number of individuals and groups. Collectively, the miners, mining pools, bloggers, social media, and crypto forum users contribute the largest portion to the success of the currency. These groups, being critical to our success, deserve the most credit and appreciation.  The vast majority of premined coins are allocated to them as rewards for their contributions. It is time for a fair distribution to ensure a level playing field and not a get rich scheme for the developers.

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With 80% of new coin launches gone in the first 30 days, all I have to say is...

Happy Birthday Oldtimer!!

                         Cool               
legendary
Activity: 1932
Merit: 1111
DNotes
I'm DNotes pool operator. Should I take any action? What will hapen with rewards for these blocks?

Hi Wargo, thank you. Sent a PM.

If any pool operators would like to setup a block finder reward funded by us in the meantime, that would be helpful.

I've setup 25NOTE bonus for finder and 1% bonus to all miners on DNotes Pool

Thank you! Checking into a couple of other temporary solutions as well.
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