Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 391. (Read 814565 times)

That does look like a pretty good way to approach it. The biggest fear I've come across when talking to people who haven't dealt with cryptocurrency is that they could just lose all their investment money. Like someone will steal it from them or they will lose it. Once the Dnotesvault is up, hopefully that will help.

No matter what I said, a lot of people I've talked to couldn't grasp cryptocurrency until I related it to what they already knew - credit and debit cards ("digital money").  I am emailing this Sample Presentation to a few people I know that have trouble explaining it to other people.  Thanks!

You are absolutely correct. Many newbies get confused and turned off by the word “cryptocurrency”, while others feel unsafe to invest in virtual currency. I have heard of remarks that virtual currency does not sound like real money or sounds like it is from the outer space. I agree that most people are comfortable when I explained to them that DNotes is a digital currency.

The following sample presentation may be helpful. Use the concept and approach and draft your own version that you are comfortable with and believe in.

A Sample Presentation:

By the way, have you heard of Bitcoin? Like the internet, it is a new technology that is creating a lot of new jobs and making a few people some good money, especially for those who got in early. It is the next generation of digital money and really not that complicated since you are already familiar with money. With constant improvement in new technology it is very secure with huge savings in transaction cost.

We may not have thought of it that way, but the money we are using today is both paper money and digital money. Most of us are already using digital money everyday. We all have been asked the question; “cash or charge”. When you are not using cash, you are using “digital money” Our banks, credit/debit card companies are just adjusting their digital ledgers by debiting what you spent and crediting what you deposited or paid. Digital currency works the same way by using a public ledger with digital wallets and addresses (accounts) for you to make your deposit and withdrawal.

I am a big fan of DNotes, a relatively new digital currency like Bitcoin. What is so interesting about DNotes is that they have carefully studied the strengths and weaknesses of Bitcoin. Their business model is to avoid the pitfalls or weaknesses of Bitcoin and exploit their strengths.

Bitcoin has been doing extremely well, with a market cap of around $5 billion. It has the potential to do significantly better and will likely continue to remain as the leader in this field for years to come. Their biggest problem is high volatility, or lack of stability due to many different factors that the creator has not anticipated.

By contrast, DNotes is the most stable digital currency among over 500 competitors in this space. It also has the most reliable appreciation for long term stakeholders. Its core mission is to build trust and integrity with dedicated efforts to encourage and assist the masses to participate in the emerging world of digital currency. DNotesVault is where stakeholders store away their savings and extra DNotes, at no cost. It is a secure web wallet with 100% guarantee matching fund.

With CryptoMoms, DNotesVault and a large family of CR.I.S.P.s (Cryptocurrency Investment Savings Plan) DNotes may already have some of the solutions confronting Bitcoin today. That being the case, with a current market cap of $500,000 verses Bitcoin market cap of $5 billion, CR.I.S.P. offers a good opportunity for many who are not in the position to save much, since DNotes has high potential returns.

That's great! I'm glad the site is working well for you.

well is the original dnotes pool going to send me some bonus coins lol ? cuz since I reported there pool problem with login slow down etc.. and they fixed it there hash has gone from 30-40 mhs to 300-320 mhs..now that's a big bonus ...just glad I can get in and pull out my coin s...

I am beginning to like altcoinherald. This is an old article I posted last July

This is is extremely evident when teaching those new to cryptocurrency. I've explained crypto to hundreds of people that have never heard of it, and it was quite the challenge at first. At first people were much less receptive, because I spent too much time describing the technology. I also played the numbers game, sending out countless messages and emails to target organizations. That didn't work so well, because it's a very impersonal approach. What people really responded to was an in person explanation of the basics, and benefits of digital currency. About 25% of people I've spoken with were turned off by the word cryptocurrency, and they all gave the same reason, "because crypto sounds like a virus". They felt more comfortable when I referred to it as digital currency.

Nice find. Copywriting 101 Features vs. Benefits. We definitely need to focus more on benefits of cryptocurrency verse scary and hard to understand technical details.

That's wonderful news keep up the great work... 

Thank you. The article is very helpful. It's going to be a  busy day for me today. I will have more time to support this forum tomorrow, with quite a few subjects I like to cover. We have been making progress and plan to launch DNotesVault later next week.

I posted this on CryptoMoms, but it will be of benefit to all DNotes holders when we help people sign up for the DNotesVault and the CR.I.S.P.   

"How To Explain Cryptocurrency To Newbies"

https://altcoinherald.com/explain-cryptocurrency-newbies/

That indeed is a powerful endorsement for using digital currency as part of a savings plan. I would go as far as suggesting that within 5 years most professionally managed investment funds will have a small amount invested in digital currency. We are positioning DNotes, DNotesVault and our family of CR.I.S.Ps. to be the drivers of wealth creation through savings in digital currency.

I had much respect for Keynes but have never been much of a fan of the modern day “Keynesian economists”, especially the Paul Krugman camp.  Our friend TeeGee’s comments are excellent. Excessive government involvement is very damaging to majority of the population, as in the case of United States. The very negative impacts have already been felt. The worst is yet to come.

The following Quotes sums up the power of digital currency in a Keynesian favored system quite well:

“Bitcoin allows individuals to protect their wealth from expropriation from the government through taxation and inflation. By removing the government monopoly on currency, central banks will eventually have to stop manipulating the interest rate or else the demand for fiat currency will decrease. Once the interest rate is determined by the market, the oil owners will not be able to profit from leaving their oil in the ground. Ceteris paribus, the price of oil will decrease subsequently increasing industrial profits. Bureaucrats will have to choose between limiting their influence on the market or losing their jobs completely. Bitcoin will force the government to transition into being a firm that competes in the free market or else it will be forced to completely dissolve. Either way, we all win!”

Debunking Keynesian Economics
By Demelza Hays
https://demelza.liberty.me/2014/10/23/will-bitcoin-save-the-rust-belt/

It makes me so happy to see others reading and spreading Austrian economic material. Keynesian economics has long failed, and I'd like to highlight some of the key issues through the vessel that is the following short video:

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

Keynes needs little introduction and in some ways had his views bastardised and used to push for excessive government involvement in everything. Hayek was an Austrian school economist who wrote the book "The road to serfdom". Both economists were highly revered, but Keynes ideology created a demand for government, an idea bureaucrats naturally side with. I think Hayek was on the money... He just never won public opinion - probably why he got the nobel prize in economics as consolation

The Dollar Vigilante or Jeff Berwick is to be in attendance at a conference that I really wanted to go to in New Zealand at the end of this month. Unfortunately after my 5 day excursion to a wedding, it looks like I won't be paying for another trip (we all need to have priorities right!?). The good news is that one of my good friends who holds Dnotes will be there, I hope he can spread knowledge of the base principles of Dnotes at the conference, a conference that will also have Jeffrey Tucker (liberty.me) and Andreas Antonopolous (blockchain.info) speaking!

The following article is a powerful endorsement for using digital currency as part of a long term savings plan, or as we like to call it, the CR.I.S.P.


"AUSTRIAN ECONOMISTS ON STATE OF THE INVESTMENT INDUSTRY"

The Dollar Vigilante, and Austrian Economics based journal that promotes individual financial empowerment rather than dependence on the government’s financial system, has released an article arguing that Keynesian based advisory firms are putting people into the “worst possible investments.” According to TDV, these Keynesian advisers and fund managers are purchasing 10 year US Treasury bonds at 2.3% when actual (real) monetary inflation is near 10%, thus resulting in almost complete loss of buying power during the duration of the bond.

In addition to this, the firms also still call the Treasury bonds “risk-free when what they really are is return-free risk”. TDV recommends that people manage their own funds given they have the time, ability, and skill. Digital currencies such as Bitcoin empower individuals to be in charge of their own finances and investments completely, though there could be higher risk associated. Christopher Casey, of the WindRock Wealth Management firm, participated in an interview on TDV explaining how his firm utilized Austrian economics in their company saying:

As far as I can tell, no other wealth advisory firm believes in and utilizes Austrian economics. We think it’s vitally important in designing portfolios. Austrian economists, unlike the mainstream Keynesian economists, understand what truly causes inflation and recessions – the artificial expansion of the money supply by central banks. Since these are the two greatest threats to anyone’s investment portfolio, this understanding is critical. This is why other wealth advisory firms herded their clients right over the cliff with the crash in technology stocks and later with all equities in 2008. They could not foresee these events, along with the collapse in housing prices because they don’t comport to their flawed models and theories. As of now, it is only a matter of time before the US equity markets experience some significant declines.

By using Austrian economics, we have a time-tested tool to guide our decisions. I should make one more point about economics and other wealth management firms. As I said, many adhere to Keynesian economics – they basically parrot what the Federal Reserve and other mainstream organizations predict. And the Federal Reserve in particular has a horrific track record in this regard – having completely missed the 2008 recession, the housing crisis, and the collapse in tech stocks. But perhaps just as amazing, many wealth advisory firms have no view on the economy! I cannot tell you how many times I have asked a Chief Investment Officer of a major wealth advisory firms what causes recessions, and their response is either “we don’t know” or “we’re agnostic as to the economy” – whatever that means...

https://www.cryptocoinsnews.com/austrian-economists-state-investment-industry/

From CryptoMoms Forum:

Quote from: Ashley on Today at 04:17:51 AM

"Bitcoin 2.0 Crowdfunding Is Real Crowdfunding"  -  http://techcrunch.com/2014/10/17/bitcoin-2-0-crowdfunding-is-real-crowdfunding/

"In the past few months we’ve been hearing a lot about how bitcoin’s underlying technology is going to revolutionize not only our monetary system, but also notary services, DNS, authentication, intellectual property ownership and data storage.

While most of the products and services that were supposed to emerge on top of the bitcoin protocol have yet to see light, there’s actually one application of the bitcoin protocol that has been developed by several bitcoin 2.0 startups: decentralized crowdfunding."

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

Quote from Shepherd:

Crowdfunding has become very popular as a quick way to raise up to $1,000,000 to fund startups, special projects and even new cryptocurrencies. Its growth path will be explosive. My serious concern is that many issuers may not understand the many qualifying factors, restrictions, and regulations governing crowdfunding.

If done correctly, crowdfunding can be the best source of seed capital for small businesses and start-ups.

This is very optimistic for the future of digital currencies. Given enough time, people will see the advantages of using digital currencies over fiat. If 80% of all organizations already accept it by the time the general public decides to use it, it will make using digital currency in everyday life a no brainer.

This is the first cloud mining service I've seen that pays in the coin of your choice. Seems pricey by today's standards though, you can buy 1 mh/s Scrypt for $6.95 on GAW. I'd be interested in the price was more competitive.

The following article from Coindesk is worth reading. Just bear in mind that "the participants, primarily working in IT operations, security and technology deployment, are “all familiar with and involved” in their organisations’ electronic payments practices."

Coindesk:

Nermin Hajdarbegovic | Published on November 13, 2014 at 19:07 GMT
http://www.coindesk.com/hp-survey-79-us-organisations-plan-adopt-digital-currencies/

HP Survey: 79% of US Organisations Plan to Adopt Digital Currencies


Digital currencies now feature in the long-term strategies of US businesses, according to a new study of electronic payment trends.
The Ponemon Institute report, commissioned by tech giant hp, found that 79% of respondents planned to support digital currencies like bitcoin in the future.Additionally, 80% of the 634 US residents surveyed said they expect digital currencies to overtake paper currencies in the future.

The report's authors point out that the participants, primarily working in IT operations, security and technology deployment, are “all familiar with and involved” in their organisations’ electronic payments practices. In addition to digital currencies, the report also deals with security, authentication systems, emerging technologies, wireless standards such as Near Field Communication (NFC) and mobile services like Apple Pay and Google Wallet.

No shortage of interest in bitcoin

Overall, the report indicates that perceptions of new electronic payment systems are positive and digital currencies have their fair share of support. While digital wallets are popular, respondents remain concerned about security risks, however. Indeed, the single biggest barrier to adoption of innovative payments technologies is security, it says.
 
The report concludes that widespread adoption of digital currencies is “inevitable” because both companies and consumers are willing to embrace them. In total, 60% of respondents said digital currencies are an important part of their organisation’s electronic payment strategy, with 26% saying they "strongly agree" with that statement.

Respondents were particularly bullish on mobile payments and 75% confirmed their organisations plan to offer support for mobile payments in the near future, while 59% said they will integrate support for stored value cards. Digital currencies came in third, with 43% of respondents saying they will play a part in their mobile payment strategy.
 
Long-term optimism

When asked whether digital currencies will overtake paper currencies in the future, the majority of respondents said yes.
Most expect this to occur within 5-10 years and only 20% of those surveyed said this would never happen.

A similar trend is visible in digital wallets, but respondents expect adoption to be somewhat faster.

24% said they would adopt digital wallets over the next two years, while a further 56% said they would do so over a 5-10 year period.
 
For the time being, support for digital currencies remains limited. Just 14% of respondents said their organisations support digital currencies already.

Interest is picking up, however. 11% of respondents said they plan to integrate support over the next 6 months, while 9% expect integration over the next 12 months.

Many of those surveyed (45%) said their organisations intend to roll out support for digital currencies more than a year from now, while 21% said there were no plans for support.

When asked how important the acceptance of paperless or virtual currencies (such as bitcoin) is to their organisation’s innovative electronic payment strategy, 40% of respondents said it was essential, while 43% described it as "very important".
 
Only 11% described digital currency integration as "somewhat important", followed by 6% of respondents who said it was not important. None of the respondents described it as "irrelevant".

Security challenges remain a big concern

New payment models also bring new security challenges and most respondents said one-time passwords or tokens will be the most important approaches, followed by federated identity and authentication systems and multi-factor authentication.

Digital currencies are associated with a number of specific security concerns that may or may not affect other forms of payment.
When asked whether the acceptance of digital currencies would increase or decrease the security and integrity of electronic payments, the majority of respondents said it would result in a decrease.

The majority (42%) said they expect a decrease, while 41% said digital currencies would result in a ‘significant decrease’.
Just 2% expect a significant increase and an additional 5% expect an increase, while 10% said digital currency adoption would have no impact on security.

It should be noted that these concerns are not limited to digital currencies, as most respondents also said digital wallet integration would have a negative effect on security.

Digital wallets fared somewhat better than digital currencies, but 34% of respondents still said they would bring a 'significant decrease' in security, while 37% said they expect a decrease.

Sounds good. I added it to the OP and sent it out on social media.

Thanks, Chase. That is a very interesting article. Digital currency is now getting the attention of Bankers, governing authorities, and nations. This is a good sign of progress for mankind. No one should have to feel threatened by technological progress and improvement in efficiency.

Mass consumer and merchant adoption will still be years away. Personally, I think that it is highly unlikely that digital currency will replace fiat currency. It will supplement fiat currency. That alone offers a huge potential for massive job and wealth creation. Understanding all the different dynamics going on worldwide is crucial as to how a digital currency like DNotes is positioned.

This is a ground floor opportunity for CR.I.S.P. participants. Our legacy is to see to it that a lot of common people are given an honest opportunity to gain some financial freedom. When others do well, we all will do well.