Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 386. (Read 814544 times)

Those of you who did not have a chance to watch the MasterCard Attack Video on Bitcoin should make an attempt to do so. Keep an open mind and take notes on his arguments against cryptocurrency. Share your comments with us. Perhaps after that it is easier to understand and appreciate why DNotes has selected a drastically different path in its strategic positioning.

One of the most important qualities of a successful entrepreneur is the ability to accurately identify business problems and provide viable solutions. Building a stable trusted currency is extremely difficult and challenging. Stakeholders buy and sell at will. Unless the vast majority of the stakeholders share the same philosophy in pursuit of common goals for mutual benefits it is nearly impossible to have a stable trusted digital currency. DNotes will continue to be the rare breed. Our business model can not be easily duplicated. That in and by itself is a winning strategy.

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

MasterCard attacks Bitcoin:

https://www.youtube.com/watch?v=Tu2mofrhw58

It is nearly impossible to rank this industry objectively. We have invested a significant amount of resources to develop another property which we decided to best put on hold. Without going into details it would be an "attempted' improvement of market cap reporting with various systems to rank industry players and a place for qualified analysts' recommendations of “buy”, “hold” or “sell”. Analysts would be tipped in digital currency based on the quality of their recommendations. At this point, our industry is notoriously unreliable in providing accurate data, rendering this unfeasible.

This is the industry growing pain we all have to put up with for a while. We are absolutely certain that DNotes is going down the right path. The number one problem of our industry is not that it is lacking in technologies or exciting innovations.  It is the absence an established stable trusted currency. For now we have to accept the fact that DNotes is still getting established. Given sufficient time and consistent track records, we will gain all the respect we deserve. DNotes will not go down in history as lacking in technologies or innovations. We are looking forward to a great new year gaining significant and sustainable momentum both in awareness and asset value.

Chase explained it well. They aren't ranking us by factors we feel are important or relevant, only by utilizing data they have access to. Also, our modifications and updates weren't done on github, which is typical in an open source collaboration. Instead each update was a complete wipe and re-upload (like a fresh upload), that is causing our lowest score.

You have to take a lot of  these ranking sites with a grain of salt.  There have been rankings based on the number of pages on Coinmarketcap (including every +1).  It appears as though you are a better coin if you divulge every aspect of every project you are working on (not really a smart business move).  Their list looks suspiciously similar to the list on Coinmarketcap give or take a few places here and there.  Considering DNotes is taking a different path than any other coin, it is not surprising that these lists don't rank it where it should be.  When everyone understands what it takes to succeed as a currency, the list criteria will change.

coin gecko  does not make us look good in terms of developer only a 14 in that category and were ranked like 92nd I think ..but I think things look good here... what's with that ranking

Thanks RJF! Great post.

Building a solid foundation and taking our time is very important to us. This will allow us sustainable growth. Slow and steady course is the way to go.

Honestly, DNotes is one of the few Alts that consistently exhibits both a high degree of professionalism and, slow, steady raise in value. I've been invested for almost a year now and I can confidently state that I am happy with the coin's progression and, that I would not change a thing about it's direction or purpose.

I can not say that about any other Alt or, even Bitcoin itself. I believe you have found a solid and maintainable purpose with the C.R.I.S.P. program and the relationship with CryptoMoms and FFDC. It's quite refreshing to come here, to this forum, after mucking about in the others.

So, hold the course and weather the storm, clear sailing ahead...
 

I love what your signature says. I am too much of an independent thinker to be a good politician and, by choice, preferred not to get deeply involved in politics. I thrive in areas where I can help in mapping out strategic goals and objectives to accomplish the mission we have committed ourselves to. DNotes is almost the ideal situation for me, with an opportunity for me to utilize all my skill sets. Unlike most politicians, trust and integrity mean everything to us.

For the most part, politicians make promises to get elected, and often compound them with more false promises to get re-elected. At some point they have to bring home some "beacon".  Over taxation and over regulation will stifle innovation and early adoption of digital currency. This will be a huge missed opportunity. There needs to be a strong collective force to counter that.

This is somewhat speculative at this point. Should our CR.I.S.Ps. program and CryptoMoms become hugely successful we could very well have a voice in shaping some of the regulatory issues. That will be our best case in confronting regulatory challenges.

I am hoping to put some DNOTES in a vault but also give some DNOTES to family members for Xmas to introduce them to Crypto by holding DNOTES. It's the loveliest store of value yet and when DNOTES SUCCEEDS AT BEING A PRIMARY PLAYER in the Digital currency world, which it is already emerge as, it will bring a lot of good fortune and restore the faith that many have lost in Crypto from all the pumps and dumps and naughty whale/dev cartels that are running rampant only for their own gains. I have also been scammed first hand and a lost a lot form devs and other investments in crypto but on the whole, even the negative experiences are there to teach us and then we look at what is the Best and discard the rest. DNOTES is the safest Crypto so far in the time that I have been involved, price wise and HONEST DEV TEAM wise. Also the DNOTES Community has been great with no fud or nastiness being spread on the thread, ever. I love this Community.. Looks like also there is nice buy pressure forming for another jump upwards and onwards..

As my signature says, "...then you win". Every new thing, every new idea, every new system, first appears as dollar signs to the politicians and loss of same to the competition. And although I loath politics, I see why they look at digital currency this way. It's a source of untapped revenue and that's all they care about because they have pretty much mined out all existing ones.

It takes a concentrated, and often highly organized, effort from the supporters of new technology to rally John Q Public to the cause. This is the only way to prevent unfair fees, taxes and laws that serve no purpose but to bleed the new tech as long and as hard as possible until it surrenders and the old guard once again fades back into the shadows.

This is where the Bitcoin Foundation and other organizations become so important. They can collect information on proposed legislation from their network of global supporters and act accordingly but, they must also act responsibly and not with a "bull in a china shop" attitude. This fine balance of diplomacy, naivete, and power is constantly in flux and that worries me. We don't have mature representation on the world stage. Although they have been doing well to this point, I see the Foundation seperating and moving in their own directions which would be a diaster in the long run.

So yes, privacy matters but, so does transparency. We have a lot to work out and we need to be vigilant ever minute to be sure someone else isn't working it out for us...

Just my 2 cents on the subject. 
 

There will be many more battles to be fought over the coming years before the clear winner will emerge. I like what Australia has been doing for the most part, except the 10% sales tax on cryptocurrency traded over an exchange. Personally, I believe that it is a huge mistake by imposing a significant disadvantage over local exchanges. Smart politicians must begin to examine the potential of digital currency with a global prospective every time. They can call it what they want for now. Objectively, it is a global digital currency; it is a global payment system; it is a global store of value, it is a global transfer of wealth.

The master card attack video is quite entertaining, but not pointless. He may be embarrassed to find out that there is already a digital currency that neutralizes all his arguments. His fierce arguments that master card is a better system because digital currency is highly volatile, untrustworthy, hiding in the covers of anonymity is exactly what DNotes is not. DNotes is stable and trustworthy. We fully respect privacy and support privacy. Unlike some of our competitors, we make no extra efforts to push the envelope of anonymity beyond what Bitcoin technology has provided. By itself, Bitcoin only offers limited anonymity more for the sake of protecting privacy. Factually, transactions using digital currency are more traceable than using cash.

That is impressive.

"To put this market into better perspective, the amount of Bitcoin owned and controlled in Australia would give every Australian citizen $15 in Bitcoin."

"AUSTRALIA – THE HOTTEST BITCOIN MARKET ON EARTH"

https://www.cryptocoinsnews.com/australia-hottest-bitcoin-market-earth/

Chase, I am impressed that you have been ahead of me many times. Thank you. That is an excellent idea. Long term care is a huge business and yet the vast majority of seniors have no long term care insurance, because of the extremely high cost. I believe that as high as 50% of the seniors ended up needing some long term care, which quite often completely wiped out one's life savings.

I didn’t even think about it until I read your post. Instead I was thinking about the large number with high deductible medical insurance of $5,000 to $10,000. A lot of that is result of Obamacare. There is a great need to offer a plan for this group one day. The combination of DNotesVault and Cr.I.S.Ps. is the best path in building a solid foundation for mass consumer and  merchant adoption of digital currency. Not too many people seem to understand the importance of stability, trustworthiness and reliable long term appreciation. I can say with certainly, that without those qualities, our chances of being successful is just average at best. DNotesVault is worth the wait as we take a few more days to fine tune some important features. Its potential is growing by the day.

While the DNotesVault and CR.I.S.P. program aren't trusts or insurance products, there is no reason why they can't function as them, using these features.  One thing that comes to mind is to use the DNotesVault / CR.I.S.P. combination as long term care 'insurance'.  Most people that purchase this insurance do so in their 50's when they start realizing that they are not invincible and also discover the astronomical cost of non-insured long term care.  For a modest no-frills plan, the premiums are around $1500 / year at age 55 and about $3000 / year at age 60, which explains why very few people carry this insurance.

For people who can't afford these premiums, or for those that have the foresight to start earlier, I would recommend a CR.I.S.P. to at least partially fill this need.  You should never abandon insurance, but perhaps you could invest 10% of what you can afford for a premium in DNotes.  Better yet, invest the equivalent of the first few months premiums into DNotes (while the price is low) and then switch to paying insurance premiums.  Should something happen to you or your spouse in the future, you can convert the balance into a "Time Send" contract.  If you are fortunate enough to never need it, you have the added bonus of a sizeable investment to do with as you please, unlike the insurance premiums which are simply gone.

“Time Send” serves as a contract agreement and can not be cancelled by the sender, otherwise it becomes self-defeating. Let’s look at a possible use case. I agree to sell you my car for 130,000 DNotes, with 30,000 DNotes as down payment, and 10 equal monthly payments of 10,000 DNotes each. I hand over my keys to you after a confirmation of the down payment deposit to my address and the pending 100,000 DNotes scheduled installment payments. Once committed, the DNotes are considered spent and no longer belongs to you. It becomes self-defeating if you can turn around, cancel the contract, sell the car, and keep the money.

My motivating factor may be because I want to prevent an in instant dump which could negatively affect my remaining DNotes holdings. You accepted the deal because I convinced you of DNotes reliable appreciating value. There are many possibilities with this feature.

Our ability to send DNotes by email and PM with a claim expiration date is a powerful tool for business promotion. Look at this use case. Smokeys Daylily Gardens often send out discount coupons of $10, $20, or $25 to be redeemed with purchases of certain amount. At today’s price it cost about $10 to offer 2,000 DNotes that can be easily redeemed at DNotesVault, if done, let’s say, within 30 days. Any unclaimed DNotes are returned to the sender's (Smokeys Daylily Gardens) deposit address. This can turn out to be very popular and become instrumental as we strive for merchant adoption of DNotes. I have a good sense that we are going down the right strategic path. It takes a lot more than having access to open source technologies that are available to everyone. Keeping up with appropraite innovative technologies is important. Being able to do things that others can not or will not do can makes a world of difference between winners and loosers.

I'm amazed by this feature, the implications of this technology could be felt through the entire finance sector. This would also be useful for countries that provide foreign aid to regions where corruption is rampant.

Is there any way to cancel a Timed Send Contract once it's initiated?

When testing DNotesVault today, I realized that I have not mentioned much about a very important feature, “Account Transfer,” we incorporated. “Account Transfer” allow you to transfer the entire account to your child at the time you feel appropriate. Using “Timed Send” you have the option of releasing the accumulated savings by installments with a defined amount for each release based on defined frequencies until the entire amount is transferred. This is a powerful vehicle for wealth transfer to avoid inheritance being burnt up sooner than you wished. Here is yet another reason why I feel that CR.I.S.P. for Kids will become very popular.

Excellent article, Chase. Thanks for your compliments and confidence in DNotes. Leadership, focus, tenacity, agility, integrity, prompt communication, consistent and clear messaging, deeply informed, strategies and execution are important considerations to be successful. Mental toughness becomes a second nature when you do all the right things with the highest level of confidence, because you know what it takes for your team to win.

Wish I have more time to elaborate. I may just do that at another time.

I think they lowered the "low volume classification" to anything with under $10 volume.