Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 405. (Read 814565 times)

Whether Bitcoin is classified as a currency or an asset may be decided by the courts, not policymakers.


"4 Court Cases Helping Determine the US Stance on Bitcoin"

http://www.coindesk.com/4-court-cases-helping-determine-us-stance-bitcoin/

Thanks for bringing up NuBits, mrbum805. We can always learn something, and cannot possibly cover all our bases.

This is so new I have not spent sufficient time to study it yet. If it is that simple there will be 10,000 competitors in a few months, including banks and nations.  I tend to agree with Chase at this point. Value can not be just created out of thin air. Controlling money supply, especially by printing more money at will has ruined the currencies of many countries. Even a super power like the United States has been taking quite a beating as seen in the lost of confidence and significant devaluation of the US dollar.

DNotes believes that trust, confidence, and stability have to be built and demonstrated over time. It takes years, not days, or months.  It takes a lot of hard work and patience.  It is not always very exciting and only long-term investors can truly benefit from large potential returns.

DNotes is about delivering the full functions of money and more. Of critical importance are trust, stability, and reliable long-term appreciating value. If I have enough time and energy left, after working a full day in my gardens, I will continue to post a few more serious write-ups on how DNotes plans to overcome many structural problems and challenges confronting Bitcoin and our industry in general.

I personally believe that our industry has a tendency to make things too completed, perhaps to impress themselves, and not the masses in the real world. If it is money, it should be real easy to understand, easy to save, easy to transfer, and easy to spend. It must be secure, with a good store of value and reliable long-term appreciation.

DNotes is the only digital currency positioned to fulfill these functions. In the coming months DNotes will be offering a large family of CR.I.S.Ps. (Cryptocurrency Investment Saving Plans) DNotes intents to be around forever.  Our first offering is CR.I.S.P. for kids in our efforts to build the next generation of DNotes good whales. Among our line-ups are CR.I.S.Ps. for students, CR.I.S.Ps. for Charity, CR.I.S.Ps. employees’ Benefits and more.

The success of these projects will take DNotes very far. Your support will be important to us. Can you spare some DNotes as Christmas gifts this year? Start making a list. We are making it as easy as setting up an account with an exchange, but it’s not an exchange. It’s DNotes Vault with 100% of the CR.I.S.Ps’ deposits guaranteed.  Sounds exciting? It is.

I don't think NuBits really has anything set in place to keep this stabilized at $1, other than wishful thinking.  If you check out the exchange that they are listed on, you can still buy and sell it for whatever you want.  As far as I know, there isn't an exchange in cryptocurrency designed for trading a coin of fixed value.  There are a couple of other things I have a problem with.  First is the fact that the owners can vote to increase or decrease the supply to keep the price stable.  How??  Would you buy up under-priced coins with your hard earned money and destroy them?  If your coin was finally showing a profit, would you vote to dilute it with more coins??  Secondly, I believe all coins should earn their $ valuation.  At this point in time, digital currency is an investment in it's potential, and there is no upside to this coin.

Hi, I haven't heard this mentioned yet and I haven't really looked into it but it appears NuBits is a new stabilized coin set at 1 USD.
"NuShares holders can vote to increase or decrease supply in order to stabilize NuBits’ price" cryptocoiner @crypto_coiner.
looks like maybe a little competition unfortunately. You guys may get some ideas or thoughts if you check it out.

just thought id mention this when i came across it

Gotta go big or go home sometimes.  The farm is money that while it would hurt to lose, it won't break us, but if it works well could be a nice little producer for everyone.

If any web designers want to earn some DNotes, send me a message here or email at [email protected]. We need some creativity for a new site we are working on.

You weren't kidding when you said you were creating a mini farm.

Good luck with your move Micrux, moving locally?

Hey Mike I wasn't aware of the upgrade very cool.  I've been doing really Well with my hashlets.  Have 10 Mhz of my own so far, and 283 Zen Solo's that I co funded with my extended family as a Family Farm.  Reinvesting all into new equipment.  Very exciting. Hope your move goes well Mike.

Hypothetically, any idea what would happen if the maintenance cost was higher than the return?
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Well they take it out of the mining profits so I would assume they would just keep the mining proceeds till it started getting to be more than the maintenance fees.  However their stated mission it to keep mining profitable for everyone so I have a feeling they would drop maintenance fees if it were to get to that point.  GawMiners and Zenminer seem to be a honest company, everything I've heard about them is they do right by their customers.
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Sorry been away a while as I got packed... I'm moving!

Actually if the price of maintenance overcame returns, they upgrade the unit to next highest payout setup....
Thats for the Solo mining Hashlets...

For the Prime Hashlets, they are launching some new features tonight apparently, and revealing the bulk of their long term project on Oct. 24th I believe...   

And yes, Josh & Company (Gaw/Zen) have repeatedly done right by their customers, even when it wasn't in their own best interests.

This is hilarious, and a great idea.

That was really funny. Totally enjoyed it with my morning coffee. A college humor on CR.I.S,I.Ps for students could be the best intro. before launch.

Thank you for the first good laugh of the day - you may be on to something! 

We are upgrading your money? lol

Linux/Unix/Mac users need to upgrade bash ASAP.
https://www.cryptocoinsnews.com/bitcoin-at-risk-major-vulnerability-discovered-in-gnu-bash/

we need to do something like this but for Cryptocurrency! I think it is a way to while using a little comedy spread awareness.:-D
http://www.collegehumor.com/video/3601664/digital-conversion-psa

Thanks, CryptoBroker79. That is an excellent way of looking at it.  $1.5 million sounds like a lot of money to support a network of miners producing 3,500 Bitcoin daily, with 195.66 PetaFlops Hashrate.  https://bitcointalksearch.org/topic/bitcoin-network-hashrate-petaflops-19566-vs-worlds-supercomp-1632-petaflopss-99743
However, it is important to bear in mind that the miners have made a huge investment in their mining equipment. As the price of Bitcoin dropped, more miners have to sell everything mined and possibly more from their stash just the support the needed cash flow. Coupled with instant sell by large merchants and charities the price of Bitcoin will remain under pressure for some time.

By contrast, DNotes has huge potential return. At $0.005 per DNotes it cost $180 daily to support a production of 36,000 DNotes. Should DNotes be valued at $1 in a few years, the daily output is only at $36,000 verses Bitcoin $1.5 million. We are taking every opportunity to learn from Bitcoin’s constraints and challenges and fine tune our strategic plans accordingly.

As the most stable digital currency with reliable long-term appreciation, DNotes has a great advantage to be promoted as a saving vehicle. We will focus in promoting a large family of cryptocurrency investment saving plans (CR.I.S.Ps.) in the near future. Stay tuned for further details.

Thanks CryptoBroker79! Those are impressive numbers.

Bitcoin daily production - 3500 BTC x 425 USD = 1.487 million USD additional buy support required daily to sustain this price if all miners decide to sell. Nevermind charities, merchants, or traders, which could easily increase that figure 10 fold.

DNotes daily production - 35,000 NOTE x .0045 USD = Average 157.5 USD additional buy support required to sustain price if all miners sell.

DNotes is demonstrating incredible sustainability, they are truly showing how a crypto development team should manage the triple bottom line. Sure glad I'm well invested in you guys, keep up the great work!

Bitcoin’s Price Skyrockets Following PayPal’s Hug

http://techcrunch.com/2014/09/23/bitcoins-price-skyrockets-following-paypals-hug/

So, is this good news or bad news?

"And thus the irony: The news that bitcoin is seeing greater adoption among mainstream payment providers sends the price up, even as the facts of the news itself might bring it down. For now, bitcoin fans are having a quite nice time.

Keep in mind that bitcoin is rising off its long-time $400 floor once again. Something to keep in mind."

This could be why the crypto market is suffering as a whole as you and Chase had mentioned, lack of leadership.