Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 329. (Read 814568 times)

CRISP For Retirement is indeed the 1st Digital Currency Savings Account for Retirement, ever. All digital currencies, including Bitcoin fall under the same classification now and in the future. At this point they are all classified as "property" under IRS rules. Technically, there is legal ground to assume that even at this point, digital currency savings could be structured to claim tax deferred status. We are not taking that position. However, we believe that at some point in the future, there will be clearly established regulatory guidance permitting such treatment and official encouragement from our political leaders to promote it.

They appear to be talking mostly about adding Bitcoin to existing traditional retirement plans which is great but, we have taken this a step farther by making the entire plan digital. Perhaps someday, we might add traditional assets to our digital plans...  

CR.I.S.P. For Retirement still retains it's early adopter, first ever status.

That is a cool car. I just posted it on my facebook page.

Another press sighting and this one comes with an expensive looking sports car right above the article - it got my attention! 


http://www.bitcoin.name/2015/02/bitcoin-alternative-dnotes-digital-currency-retirement-savings-plans-provide-12-annual-interest-relief-for-underfunded-retirement-accounts-and-the-unbanked-worldwide/

DNotes and CRISP For Retirement is expected to continue to be covered by many news outlets around the world through this week. Many will be covering DNotes for the first time such as the one below. It will be a very exciting week ahead.


First sighting at:

ILOVEBITCOIN.ORG

Posted on February 16, 2015 by adminbitcoin
 

DNotes is pleased to announce unprecedented Digital Currency Retirement Savings Plans to Provide Relief for Underfunded Retirement Accounts; offering up to 12% Yearly Interest Bonus and a 100% deposit guarantee.

Illinois, USA. DNotes, best known as a stable digital currency with a solid and consistent uptrend, announced an unprecedented new savings plan to provide relief for underfunded individual retirement accounts. According to DNotes Co-Founder Alan Yong, one million DNotes have been donated to CR.I.S.P. (Cryptocurrency Investment Savings Plan) for Retirement to encourage savers to supplement their underfunded individual retirement accounts. With any long term DNotes deposit commitment of 5, 10, 15, or 20 year duration, individuals will receive up to 12% yearly interest bonus on their deposit, as well as a 100% deposit guarantee.

Mr. Yong went on to explain that not everyone has the means or ability to save for retirement, resulting in many reaching retirement age with social security as their only source of income. Even for disciplined savers who can only save a small amount regularly, because of limited means, it can take decades to build a meaningful nest egg. This is compounded by the fact that nearly one in three Americans have withdrawn funds from their accounts before reaching retirement age.

Digital currencies such as DNotes and Bitcoin, are often characterized as disruptive technology with huge potential growth propelled by rapidly growing investment from venture capital and wealthy individuals. As a group, $314 million was invested in this space in 2014 and is likely to exceed $1 billion this year. Being still at an early stage, investment in digital currency has the potential to yield high returns, albeit at a high risk. It is, therefore, prudent to only allocate a small percentage of one’s total portfolio for high risk investment, especially in early stages digital currency.

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.

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.

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

Mr. Yong went on to stress that,

“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.”

According to a 2012 World Bank published report there are over 2.5 billion people worldwide who are underserved 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 possible growth and appreciation potential for early adopters and long term investors.

Closer to home, the seriously under funded individual retirement savings are also troubling. RJF, Director of CR.I.S.P. for Retirement expressed his concern,

“In these uncertain financial times, it is becoming more and more difficult to maintain a retirement account that will actually see you through your golden years. We believe that the concept of using DNotes to augment your retirement savings is an important consideration.”

RJF went on to explain that CR.I.S.P. for Retirement is an unstructured and self-directed plan, using DNotes as the investment vehicle to supplement retirement savings. Re-occurring savings, in any amount, may be added at any time. This savings plan can be started with any amount of DNotes by opening an account at DNotesVault with an expanded registration at CR.I.S.P. for Retirement opening page.

DNotesVault.com is a secure web wallet 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.
CR.I.S.P. is the brain-child of Chase, a core team member of CryptoMoms; a community with a dedicated mission to encourage and assist women to participate in the cryptocurrency world currently dominated by men. CryptoMoms.com is a currency neutral site, offering rich content on everything about cryptocurrency. It has a very helpful community ready to answer any questions promptly. CryptoMoms was created by, and is fully funded by, the DNotes team.

As a stable digital currency with a solid track record of reliable appreciation, DNotes offers the potential of high returns on long-term investment. A large family of CR.I.S.Ps. is being offered in an effort to expand this investment opportunity beyond the early adopters of this emerging industry.

Co-founder, Alan Yong explained that for mass consumer and mass merchant participation to take place, there must be a stable trustworthy digital currency to deliver the true cost advantages of an alternative form of payment, beyond just the lower cost of transactions. In the case of Bitcoin and other cryptocurrencies, high volatilities reduce all cost advantages with an added risk of currency loss if not converted to fiat currency immediately.

Mr. Yong, a well regarded pioneer and visionary in the early generations of portable computers and wireless communications, went on to say that, “Until DNotes becomes a truly valuable digital currency in our space, many may not understand or appreciate the DNotes’ approach in building fundamental values”.

He is convinced that DNotesVault has a major strategic significance. Among various objectives, DNotesVault will be creatively utilized to build the next generation of DNotes stakeholders
DNotes, DNotesVault, and CryptoMoms are all strategically linked. It is a powerful package that will be used to grow DNotes stakeholders worldwide beyond the cryptocurrency industry.

For more information please visit: dnotesvault.com/crisp-for-retirement.php

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.

Media contact:
Name: Alan Yong

Organization: DNotes
Email: [email protected]

This is what I just found. A Seminar on "Retirement Plan and IRA Investment in Digital Currencies" from almost a year ago. This is not unsual. If it is a good idea other people are likely to have thought of it. Could such a plan be granted tax deferred status? I believe so. By then, it would be huge, if the accumulated savings, subject to limits, could be rolled over to a ROTH IRA, as an after tax retirement account, free of tax on future earnings.

Roth IRA

"With a Roth IRA, you make contributions with money on which you've already paid taxes. Your money can then potentially grow tax-free, with tax-free withdrawals in retirement, provided that certain conditions are met".  https://www.fidelity.com/retirement-ira/roth-ira?imm_pid=1&immid=00994&imm_eid=e41730025&buf=999999


****************************
As offered by: Practising Law Institute
http://www.pli.edu/Content/Seminar/Bitcoins_Retirement_Plan_and_IRA_Investment/_/N-4kZ1z12chp?ID=214496

Audio Only On-Demand Web
Full Seminar
$129.00

Bitcoins - Retirement Plan and IRA Investment in Digital Currencies 2014 (Audio-only)
Released on: Mar. 13, 2014
Running Time: 01:08:03

•   OVERVIEW
•   FACULTY
•   CREDIT INFO
•   
Taken from the briefing Bitcoins - Retirement Plan and IRA Investment in Digital Currencies recorded February, 2014.

The use of bitcoins - the nascent digital form of currency - for purposes of the purchase of good or services has so far been relatively tiny, but reportedly growing. Its novelty and its potential as an investment asset has resulted in considerable media attention. Illiquidity, speculation, and other factors have driven large swings in the dollar value of bitcoins; which may today be considered a prototypical “Risky” asset. To some investors that could be an attractive diversification proposition. While bitcoins and other digital currencies may turn out to be unworkable or prohibited, they may develop into an integral part of the global economy. Its proponents maintain that, with the significantly reduced cost and transaction speed made possible by the internet, bitcoins can revolutionize the money transfer industry.

The emergence of bitcoins raises many legal questions, to be considered at this one-hour briefing, as to whether they are a permissible and compliant investment for retirement plans and IRAs. Given the novelty of the asset, the considerable attention given to it, particularly in the technology world, and the potential touted for it, this briefing, at a minimum, is a productive intellectual exercise for ERISA and other practitioners to have a basic understanding of bitcoins and how pension and related tax laws might apply to investment in them.

Lecture Topics  [Total Time: 01:08:03]


•   What are bitcoins and other digital currencies?
-What kind of asset is a bitcoin?
-What does an investor in bitcoins actually own?
-How are bitcoins created?
-How can Bitcoins be acquired and sold?
•   What are the key consideration for an IRA acquiring bitcoins?
-Is it a permissible investment under the Code?
-How should the IRA trustee/custodian hold the asset?
•   Can a retirement plan acquire bitcoins?
-Can a defined benefit or defined contribution plan invest in bitcoins?
-What is the indicia of ownership of a bitcoin?
-How should the trustee hold the asset?
-Could an investment in bitcoins meet ERISA’s prudence standard?
-Would an investment in bitcoins, or trading in bitcoins through an exchange, give rise to prohibited transaction issues?
-Does investment in bitcoins necessarily involve leverage or debt?
-Is it possible for a bitcoin fund to be included as an investment alternative for a 401(k) plan?
Presentation Material
•   Retirement Plan and IRA Investment in Bitcoin and Other Cryptocurrencies

Arthur H. Kohn, Howard Pianko, Antonis Polemitis

Bill Gates is my most admired person. Possibly, because I have yet to encounter a big issue I don’t agree with him. I was watching his interview on CNN this morning and obviously very impressed by his vision to help the unbanked to rise from poverty. His wife Melinda was awesome with her view point too. If I remember correctly, she started as a PR person at Microsoft and became a major influence to help Bill Gates transform from a nerd to an impressive personality at public interviews. That is not an easy thing to do. My PR people gave up on me because I hated using talking points. I prefer to focus on a few important issues and be spontaneous in responding to my audience as to what they enjoy in learning more about. I was a fairly frequent speaker at various computer, wireless communication, and business conferences for a number of years and did share the same podium with Bill Gates a couple of times.


http://money.cnn.com/2015/01/22/investing/bill-gates-mobile-banking/

Banks are among the most hated institutions on the planet.

Yet Bill and Melinda Gates believe banking -- specifically the mobile variety -- can be the source of great good in the near future, helping to lift millions of people out of poverty.

In its annual letter published on Thursday, the Bill and Melinda Gates Foundation identified mobile banking as one of four exciting breakthroughs that will help improve the lives of people in poor countries faster in the next 15 years than at any other time in history.
"Mobile banking will help the poor transform their lives," the billionaire couple wrote in the letter.

At first glance, mobile banking is a surprising choice for the Gates Foundation to throw its incredible heft behind. In the past, the philanthropy, which controls over $42 billion in assets, has focused challenges like access to condoms and turning human waste into drinking water.

But now the power couple is thinking about the 2.5 billion adults the World Bank estimates are without a bank account.
Related: Bill and Melinda Gates predict what the world will be like in 2030

Literally stuffing cash in a mattress: People in rich countries can drive or walk to the bank, use digital services like PayPal and write checks that can be deposited, sometimes even by taking a picture with a smartphone.

Those aren't really options if you don't have a bank account. People in poor countries often keep cash at home, literally stuffing it in the mattress. Or they invest it in an asset like lifestock that can lose value over time.

"If their savings are in the form of jewelry or livestock, for example, they can't very well chip off tiny pieces to cover routine daily expenses," Bill and Melinda Gates wrote.

Related: World's top cities: Zurich. Paris. Hartford?
Mobile = more control: Sending money to friends or relatives can also be difficult, with people in poor countries needing to take off from work to deliver it by hand or rely on a courier.

Borrowing money without a bank account can be even more problematic, with some lenders charging exorbitant rates.
"Digital banking will give the poor more control over their assets," the couple wrote.

Many developing countries like Kenya are rapidly adopting mobile banking. Gates estimates that by 2030, about 2 billion people who don't have a bank account today will be storing money and making mobile payments.
Related: London is the fastest growing western city
Mobile roadblocks: But to get to that level, mobile banking needs to overcome some big hurdles.

One obvious problem is the need to increase access to mobile phones, especially in countries like Bangladesh where women have fallen way behind men in this category.

The Gates Foundation also highlighted the need to convince regulators to revamp their laws in a way that encourages innovators to enter.
And while digital currency is great, poor countries need to develop enough physical locations for people to be able to convert this money into hard currency.

Interestingly, the focus by Gates and others like Visa (V) and MasterCard (MA) on mobile banking in poor nations could mean residents there enjoy services that Americans don't have access to yet.

"Entrepreneurs in developing countries are doing exciting work -- some of which will 'trickle up' to developed countries over time," Gates said.

CNNMoney (New York) January 22, 2015: 11:47 AM ET

Thanks, Chase. I just read that rather sad article. I highly doubt that the situation has improved over the last five years. My guess is that it has deteriorated. We can not reverse bad public policies which often convey compounding and damaging negative effects that could take decades to unravel. We do however hope that our family of CRISPs. will be a little safety net to those who are committed to routinely put away a little for the rainy days.

DNotesVault is designed with a purpose and a huge commitment to make the user experience in owning, storing and utilizing digital currency pleasant and enriching. We still have much hard work ahead. That is just a part of our total package to make DNotes to be better than money as we know it today. That is what it takes to achieve mass acceptance.

This is awesome!!!

Happy birthday RJF

Wow!  I feel like I should thank you for the birthday present.   This will allow for the spread of a lot of CR.I.S.P. accounts very easily.  It is so simple to help someone get started even with a small amount, as all they have to do is register at the Vault and provide you with the email address.

I've done a little reading and come across something that is both disturbing and sad.  As bad as the retirement situation is for everyone, one of the groups that is the most at risk, is young people.  With 30% of people over the age of 65 continuing to work, the unemployment rate among young people is higher than it has been in the last 30 years.  Add to that student debt and an overall inability to save for the future, and their future doesn't look very bright.

If you have a chance to give a young person even a small CR.I.S.P. for Retirement, that may be their only chance at ever retiring.

This article is from 2010, but I doubt the situation has changed much.


 
"Gen Y: No jobs, lots of loans, grim future" 

http://www.nbcnews.com/id/38364681/ns/business-eye_on_the_economy/t/gen-y-no-jobs-lots-loans-grim-future/#.VOEemfnF_NR

3. Yep, it sure does. We had time to add in that functionality.

1.  That is the best press release yet!!

2.  Happy Birthday RJF! 

3.  CR.I.S.P. For Retirement is amazing.  One question - Does the "Account Transfer" on the Retirement Dashboard send it to someone as a retirement account?

LOL, thanks!

Happy birthday RJF, your birth was an important necessity for DNotes

Glad to be of service, thank you!

HAPPY BIRTHDAY TO RJF, Director of CRISP For Retirement.

Many thanks for a job well done. Check your piggy bank for a little gift from all of us.

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

"Closer to home, the seriously under funded individual retirement savings are also troubling. RJF, Director of CR.I.S.P. for Retirement expressed his concern,

“In these uncertain financial times, it is becoming more and more difficult to maintain a retirement account that will actually see you through your golden years. We believe that the concept of using DNotes to augment your retirement savings is an important consideration.”

RJF went on to explain that CR.I.S.P. for Retirement is an unstructured and self-directed plan, using DNotes as the investment vehicle to supplement retirement savings. Re-occurring savings, in any amount, may be added at any time. This savings plan can be started with any amount of DNotes by opening an account at DNotesVault with an expanded registration at CR.I.S.P. for Retirement opening page."

We opening up early access to the retirement tab in the DNotesVault. Once you login, you will be able to access the retirement dashboard.

The Bitcoin News
Posted on 15 February 2015. Tags: Bitcoin PR Buzz


Bitcoin Alternative DNotes Digital Currency Retirement Savings Plans Provide 12% Annual Interest; Relief For Underfunded Retirement Accounts And The Unbanked Worldwide
 
DNotes is pleased to announce unprecedented Digital Currency Retirement Savings Plans to Provide Relief for Underfunded Retirement Accounts; offering up to 12% Yearly Interest Bonus and a 100% deposit guarantee.

Illinois, USA. DNotes, best known as a stable digital currency with a solid and consistent uptrend, announced an unprecedented new savings plan to provide relief for underfunded individual retirement accounts. According to DNotes Co-Founder Alan Yong, one million DNotes have been donated to CR.I.S.P. (Cryptocurrency Investment Savings Plan) for Retirement to encourage savers to supplement their underfunded individual retirement accounts.

Read More:
http://thebitcoinnews.com/2015/02/15/bitcoin-alternative-dnotes-digital-currency-retirement-savings-plans-provide-12-annual-interest-relief-for-underfunded-retirement-accounts-and-the-unbanked-worldwide/

DNotes is pleased to announce unprecedented Digital Currency Retirement Savings Plans to Provide Relief for Underfunded Retirement Accounts; offering up to 12% Yearly Interest Bonus and a 100% deposit guarantee.

Illinois, USA. DNotes, best known as a stable digital currency with a solid and consistent uptrend, announced an unprecedented new savings plan to provide relief for underfunded individual retirement accounts. According to DNotes Co-Founder Alan Yong, one million DNotes have been donated to CR.I.S.P. (Cryptocurrency Investment Savings Plan) for Retirement to encourage savers to supplement their underfunded individual retirement accounts. With any long term DNotes deposit commitment of 5, 10, 15, or 20 year duration, individuals will receive up to 12% yearly interest bonus on their deposit, as well as a 100% deposit guarantee.

Mr. Yong went on to explain that not everyone has the means or ability to save for retirement, resulting in many reaching retirement age with social security as their only source of income. Even for disciplined savers who can only save a small amount regularly, because of limited means, it can take decades to build a meaningful nest egg. This is compounded by the fact that nearly one in three Americans have withdrawn funds from their accounts before reaching retirement age.

Digital currencies such as DNotes and Bitcoin, are often characterized as disruptive technology with huge potential growth propelled by rapidly growing investment from venture capital and wealthy individuals. As a group, $314 million was invested in this space in 2014 and is likely to exceed $1 billion this year. Being still at an early stage, investment in digital currency has the potential to yield high returns, albeit at a high risk. It is, therefore, prudent to only allocate a small percentage of one’s total portfolio for high risk investment, especially in early stages digital currency.

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.

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.

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

Mr. Yong went on to stress that,

“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.”

According to a 2012 World Bank published report there are over 2.5 billion people worldwide who are underserved 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 possible growth and appreciation potential for early adopters and long term investors.

Closer to home, the seriously under funded individual retirement savings are also troubling. RJF, Director of CR.I.S.P. for Retirement expressed his concern,

“In these uncertain financial times, it is becoming more and more difficult to maintain a retirement account that will actually see you through your golden years. We believe that the concept of using DNotes to augment your retirement savings is an important consideration.”

RJF went on to explain that CR.I.S.P. for Retirement is an unstructured and self-directed plan, using DNotes as the investment vehicle to supplement retirement savings. Re-occurring savings, in any amount, may be added at any time. This savings plan can be started with any amount of DNotes by opening an account at DNotesVault with an expanded registration at CR.I.S.P. for Retirement opening page.

DNotesVault.com is a secure web wallet 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.

CR.I.S.P. is the brain-child of Chase, a core team member of CryptoMoms; a community with a dedicated mission to encourage and assist women to participate in the cryptocurrency world currently dominated by men. CryptoMoms.com is a currency neutral site, offering rich content on everything about cryptocurrency. It has a very helpful community ready to answer any questions promptly. CryptoMoms was created by, and is fully funded by, the DNotes team.

As a stable digital currency with a solid track record of reliable appreciation, DNotes offers the potential of high returns on long-term investment. A large family of CR.I.S.Ps. is being offered in an effort to expand this investment opportunity beyond the early adopters of this emerging industry.

Co-founder, Alan Yong explained that for mass consumer and mass merchant participation to take place, there must be a stable trustworthy digital currency to deliver the true cost advantages of an alternative form of payment, beyond just the lower cost of transactions. In the case of Bitcoin and other cryptocurrencies, high volatilities reduce all cost advantages with an added risk of currency loss if not converted to fiat currency immediately.

Mr. Yong, a well regarded pioneer and visionary in the early generations of portable computers and wireless communications, went on to say that,

“Until DNotes becomes a truly valuable digital currency in our space, many may not understand or appreciate the DNotes’ approach in building fundamental values”.

He is convinced that DNotesVault has a major strategic significance. Among various objectives, DNotesVault will be creatively utilized to build the next generation of DNotes stakeholders

DNotes, DNotesVault, and CryptoMoms are all strategically linked. It is a powerful package that will be used to grow DNotes stakeholders worldwide beyond the cryptocurrency industry.

For more information please visit: dnotesvault.com/crisp-for-retirement.php

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.

Media contact:

Name: Alan Yong

Organization: DNotes

Email: [email protected]