One thing I can't seem to find on the dnotes or dnotesvault website is any sort of address or physical contact information. Particularly in the case of the dnotesvault, how can we trust (beyond seeing the wallets) that money would be repaid in the event of the website being hacked? What jurisdiction does the dnotes team operate under? Is it a company?
That is a very legitimate question and concern. It has indeed been a major pitfall of this industry and will likely remain as a major obstacle to mass adoption. From a legal perspective, DNotes is not an entity owned by a company, any individual or a group of individuals. Ownership is at will; meaning that anyone can own and disown DNotes. This is true with all crypto currencies including Bitcoin and DNotes. DNotes is not a company with a jurisdiction.
In my personal opinion, it is ironic that an industry that thrives with pride on not needing a “trusted” third party is rampant with untrustworthy parties and bad actors which have literally walk away with investors’ hard earned money countless times. Nearly all of us have been a victim of that at one time or another.
DNotes and its community recognized this serious weakness from the beginning and have been operating on the premise that the cornerstone of DNotes must be built on trust and integrity if we want DNotes to be successful. We can not tell anyone to trust us due to the nature of the industry and the legal structure. Everyone should do their due diligent and only invest to the extent that they can afford a complete loss. Digital currency is an emerging technology that has yet to be proven and although it has high potential returns, it also comes with high risks. It is prudent for everyone to exercise extreme caution before investing.
Having said that, may Google “Alan Yong DNotes” and a number of other search terms to learn more about me. You are also welcome to PM me if I can be of further assistance. DNotes and its community have gone to great lengths to earn the trust of our supporters and that may be the primary reason why DNotes has been the most stable Digital currency in the industry. Hope this response has been helpful.
Thanks for the response.
I appreciate that none of these altcoins or bitcoin itself really have an office, it was more about the dnotesvault in particular (I suppose I should have clarified that more). I am satisfied so far with the information provided (because I did my own research) but I think for a newcomer to the website it may come off as slightly disconcerting that there is no information about any person/organisation associated with the dnotesvault website. I hope that in the future there is some more information provided because it would help a lot to reassure people of the vault's long term viability; I understand that due to regulatory limitations at this point it is a little difficult for that though.
Many of the promising crypto projects I have invested in have a habit of hiding useful information deep within their bitcointalk threads. Presumably, most people will just visit the website and base their decisions off of that or some basic Google searches.
Good to know that my response has been helpful. DNotes is still evolving based on a multi year plan. I often like to equate it to a loaf of bread in the making. Until it is fully baked, there is always a viable argument that it is “not a loaf of bread”. For that matter, DNotes is still work in progress. As a currency, its function as a medium of exchange has not been enabled by choice. For those who may want to argue that it is not a currency, it is best to hold off our rebuttal. Just like it is not yet a loaf of bread.
We are very strategic in everything we do, and they are done block by block. DNotes will be one year old on Wednesday next week. Our first year mission was to build a trusted currency that is stable with reliable long term appreciation which we strongly believe is a perquisite to mass acceptance. We added two strategic properties; CryptoMoms and DNotesVault coupled with a strategic vehicle we call CRISP.
Among others, our second year mission is to go beyond our industry to develop awareness for DNotes and expand our reach to others interested to share our vision and become DNotes stakeholders. We will be reaching out to common people, business owners, students and charity organizations, while also reaching out to the mainstream media and political leaders to join force with us.
Following that we will focus on payment processing, mobile applications, global payment network systems, regulated exchange and financial services. This will take another year or more. At this time the focus will be on corporate and legal structures support by many full and part-time professionals and a corporate office. All legal structures must be registered, licensed as needed, meeting all reporting requirements. They are enormously expensive and time consuming.
From a practical and strategic standpoint, it can only be accomplished in stages. We are committed to make this happened and trust that DNotes is best positioned to deliver what it takes be the Digital Currency of the future that can positively improve the financial standing of many common people and the unbanked worldwide. This will be no easy task. We appreciate your support and that of everyone else.