Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 363. (Read 814544 times)

We have spoken with bittrex briefly a while back and DNotes does not meet their criteria, which was a high page count on bitcointalk.

Wow! Did I say all that? Thanks, TeeGee for reminding me. Quite a pleasant surprise.

For the records DNotes was launched on February 18, 2014.

I enjoy reading crypto news, and thought I'd like to share this (a link, to yet another example of what an incompetent development team with no foresight and honesty looks like)

https://www.cryptocoinsnews.com/paybase-is-just-now-looking-at-stripes-tos-after-violating/

I don't particularly want to flame other alt coins in this happy thread, but I do want to point out how over-hyped this crypto was and how their incompetent team under-delivered on Every. Single. Promise... that they made to their "excited" community. They now have (tens of?) thousands of disgruntled "investors" who have been lied to and scammed. This massive project that had lots of money involved, no longer has any credibility. The crypto in the link above and the mining company that preceded it, whether fraudulent scam or not, has made a mess of what should have been a simple launch, and let down all of its stakeholders.

To run a successful crypto, or business, you need to have honesty, integrity, transparency, along with the desire and ability to carry out promises made. I think the Dnotes developers have this locked down. Each and every strategic step has been met in the approximate time periods that were laid out publicly in the planning stage. Dnotes will succeed because each feature and new release is timed for maximal success. I'm going with the idea that the dev team already know the following idea that could have something something to do with their approach: It doesn't matter so much to be the first, but being the best positioned when everybody wants what you are offering.




The timing schedule and strategic planning behind this development is incredibly important. It must be in tune to world demand of crypto perfectly, to be best positioned in that "critical moment" (nightcrawler movie) or "tipping point" (Malcolm Gladwell book). Honesty and integrity are required to achieve the strategic plan laid out. To do what you say you are going to do, when you say you are going to do it. Bill Gates and Paul Allen were the only two people in the world who had the skills that IBM (and the world) needed.






I got tired about here, I'll edit, and repost all this tomorrow or something. 3am here.








 

will DNOTE be on bittrex soon?

Like a Certificate of Deposit or IRA, penalty for early withdrawal. Again, the idea is to maintain a certain amount in the overall fund to keep things stable and prevent players from using the funds to gain interest and jump out early. Serious savers only need apply...

No problem    I would agree that continued sane management of DNotes will provide an exceptable return on investment for any of these funds. Simple appreciation of DNotes itself should provide a nice return. I have been lucky to complete more than one career and in all honesty, the money I saved and invested on my own has earned me a much higher return than 2 IRA retirement accounts. The appreciation of DNotes in the last months has surpassed the percentages gained, and lost in those IRAs.

Perhaps it's time to take the bull by the horns and change the way this whole segment works. If you all have faith in the raise of DNotes, as I do, this could be a game changer in many financial products. Your turn...
 

I was going to just have a quick peek and get back to other stuff I have been working on.
The challenge to respond is so tempting, I just can’t resist.

Let us start thinking what really matters most when it comes to long term investment at the time of distribution or withdrawal. It is the sum of the total savings adjusted for any capital gains or losses, in the case of DNotes. POS coins would argue that their coin is superior as a savings vehicle because it pays interest and the compound effect can be substantial over the long term. POS coins do have their merits but also comes with some challenges, especially in terms of stakeholder technical support, which also generates impressive page count. That may be a good thing. We believe what matters most is the total return on investment. From my personal experience with AsiaCoin and XCurrency the generous POS interest was of little help. I am no longer a stakeholder of either coin, and still recovering from my heavy losses.

DNotes business model is more like a real world business that believes in long term growth and capital appreciation verse a different business model that pays high dividends. In our case a solid growth path is vital. It has to growth from a solid base, building momentum, at a higher and higher rate of speed over time. This gives us the scale to dominate. Think of Walmart or Amazon at their formative stage, if it makes any sense. Other wise just be patience and wait.

Chase is exactly right. It is about the high potential long term capital gain. DNotes is designed to require near zero tech support, easy of use and reliable appreciation for the masses, hence an ideal savings vehicle for long term savings account. CR.I.S.P. for Retirement is expected to be very well received by small business owners whose retirement savings accounts are seriously under funded. Their employees are in even worse shape. So what is the buzz about our large family of CR.I.S.Ps. We can not even beginning to guess which one will be more popular. Is it CR,I,S.P. for Kids, Students, Employee Benefits, Retirement or Charity……………???  Your guess is as good as mine. I do know that they will be our drivers of healthy growth and our path to mass consumer and merchant adoption, in a world with a lot of stakeholders buying and selling to preserve and promote mutual interest and self benefits.

Get use to a new saying which I have been using for the last forty years. “We do things that others won’t, so that we can do things that others can’t. That makes it challenging for “me too” if that provides any comfort.

Sorry. RJF. I just burnt up my time. Keep up the great discussion. I will try to respond to your post tomorrow.

Great post elrugrim, that is a valid expectation we have to consider and overcome. Chase has explained it very well. Don't forget Dyna's post about adding your vault address to your signature

I agree the CR.I.S.P. for Retirement will be more complex than the one for kids, but it also going to be a flexible, first of it's kind, exciting investment vehicle.

There are several ways that a retirement account can grow including additional contributions, dividends, interest, or capital gains.  DNotes gives you the option of additional contributions and what most of us are counting on, the potential for huge capital gains.

An unstructured, self directed plan allows you to make as many contributions as you want, whenever you want.  This allows the most flexibility to accommodate people who want to make a large contribution now while prices are low, monthly contributions, or random contributions as their financial situation allows. 

This is going to be very exciting!!
 
                 

My thoughts on retirement accounts-

This one seems much trickier then an account for kids, because you have to take it in context and user expectations are different between the two.

For instance (I'm sharing my perspective, and only mine, so if someone else feels differently, feel free to share yours)

For a CRISP for kids account-  I am slowly stocking it up with dnotes, with the expectation that it basically is serving as a savings account, with the hopes of long term growth in the value of of DNotes, but, I also don't really expect to see any gains other then what I put into the account.

For a retirement account- My personal expectation is that an account has some intrinsic way of accruing value / volume in and off itself, independent of my own contributions to such a fund.    I don't know if DNotes (hell, honestly all of crypto) has the infrastructure in place to create this kind of tern around, and honestly, I don't see any method of creating such a return outside of having a CRISP retirement daytrader (which in turn, would likely be counter productive to coin health/crypto health at this point, because god knows the last thing we need is yet another large volume daytrader ((Counter point to myself, I would likely still try and take advantage of such a service myself)))

Rambling now, so will cut this short and try and recapture the thoughts that slipped the mortal coil far to soon.

Protect the future of your investment type of deal, sounds good. Breaking the contract could be a touchy subject, if someone got sick and needed to pull their DNotes out or something.

Couldn't help thinking a bit more about this. Another thing that a digital retirement account should provide is a withdrawal limit. A range of percentages could be offered or the customer could set their own limit on how much they could take out per month. This would serve another function of providing an anchor for the coin as accounts multiply and values go up. It would take a lot of coins out of circulation (sitting on exchanges) and put them to work stabilizing the network. They would maintain value being "on deposit" I can see where it would help smooth out the constant price fluctuations sort of like a "heat sink" Settings could only be changed yearly except for verified hardship.

It could all be offered in packages like "Max Saver" "Mid Saver" etc with each having it's own range. Sounds like a lot of work but not as much as it appears. Once programmed, the code could be reused in many other offerings.

Just saying...

You are welcome.

You're the man! Thanks!

Thanks RJF! That's a great start. I'm no expert on retirement savings plans either and as I have time I intend to check out many of the offerings from financial institutions and how we can offer some of the same services as well as improving on them.

There is no doubt in my mind that cryptocurrency is going to play a role in retirement savings in the near future and fairly big role in the long term.

Part of the package we are trying to create could include:
Tools
Technologies
Services
Interfaces

The possibilities are endless.

So, I won this round, lol! Thanks for the prompt attention. I like that. Check your net. You might have already caught a fish.

Ok, you convinced me, added DNV address to my signature. I swore I would never add any address but, I believe in this project without reservation so, it follows...

Thanks RJF for getting to work right away. I will be posting my response late today or first thing tomorrow. It is recommended that anyone making serious contributions towards the success of DNotes post a DNotesVault deposit address. For your easy reference you may want to have a dedicated address and label it accordingly. A few of our good whales will want to see that you are being rewarded for your contributions.

We have a lot going on. The first payment for PR using DNotes has just been successfully completed using Timed Send of 12 monthly releases. It has been received with great excitment. That is historic. It reminded me of those years when Dauphin Technology was a media sensation. It can happen to DNotes.

Selling of DNotes picked up speed today for no known reasons. This could be a good buying opportunity for those who like to add more DNotes to their stash.

Well, I'm certainly not a retirement planner but, It would, in my opinion, need to incorporate the following items:

1. Secure and guaranteed
2. A minimum initial deposit and low monthly or quarterly deposits after
3. Some form of interest. Not POS or anything like that right now but, a fund would need to be created to provide small monthly interest payment.
4. Marketing
5 Dedicated overseers
6.Small monthly management fee (you need to get something back for the fund and operators)
7. Down the road, when you start to consider POS or other methods of keeping the network healthy, a lot of this can be provided automatically.

I wouldn't look at this as a profit center but, DNotes in general will profit as the coin gains value through this exposure. Also #6 can be adjusted as the coins value increases. Make it a selling point, help increase awareness of DNotes and your monthly fees will go down.

As far as marketing it, no real difference from marketing DNotes itself except increase your presence in areas where young people congregate online and off. You already advertise to many areas, beef it up and make the fund your prime offering. Include the others as well but don't push the coin itself, push the usefulness of it.

And the big one; make sure it's within the scope of the law. I don't think this is a stumbling block right now but, get your ducks in a legal row for the coming years. As long as the matching funds are being held where they can be audited, that should be fine for now.  

It sounds like a lot of work but, you have already done the heavy lifting with existing products. And, think about this, it is an area NO ONE has even begun to move into except DNotes, why not own it?

Tested both withdrawals and deposits with small amounts and added to the OP.