Before I make my next post on "DNotes as A Store of Value" I invite you to revisit a previous write-up:
Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
April 20, 2014, 04:19:48 PM
#1312
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Like most of you I have a day job, but mine is seasonal with flexible hours. I have a choice. I can choose to work 12 hours a day or 14 hours a day as long as I can get the job done. My wife told me once. “Honey, don’t work too hard, just get the job done.” The problem is, she sets very high standard and expects a lot. I hinted in one of my posts at Cryptomoms that the creators of Dnotes and Cryptomoms are old school farm boys from the Midwest. That is a true statement. This is the same group that started Smokeys Daylily Gardens with just a pair of shoe strings from a pair of worn out old shoes 7 years ago. You know what I mean. They started from nothing but a commitment to be the best in class one day. If they are not already there, they are getting very close. Check it out:
http://www.smokeysdaylilygardens.com. They are one of the largest daylily growers in the world. And if you like the website, guess. You are right, same developer.
If you don’t set a goal as to where you want to be, it shouldn’t matter where you ended up. You may wish that you ended up in a better place. But “wish” and “hope” for a favorable outcome is dependent on good luck. From my own experience, it is not dependable and doesn’t happen that often. However, if you plan to be the best in class, you have a much improved chance of getting very close to what you are shooting for. At least, if you missed the target, you know. May be, try a little harder the next time around. Don’t kid yourself. It takes a lot of hard work to get there. Coupled with a commitment not to take short cuts, it takes a lot longer to get there, unless you are lucky, of which you cannot count on.
DNotes plan to be the best in class one day. That is a very ambitious goal. Well, if that is not our goal, then how can we consistently brand DNotes as the “Digital currency of the future with lasting value?” Yes, that is absolutely DNotes’ ultimate goal. To achieve that goal it takes a lot of hard work, much patience and relentless resolves. By design, DNotes is a long tern value currency. It is perhaps the worst candidate as a speculative trading currency. It is not programmed to go to the moon and instantly come crushing back down.
In order to be the digital currency of the future, that currency must meet the three most important criteria.
First, it must be traded on all major exchanges and recognized by most analysts as a value currency with long term appreciation. There must be strong fundamentals to support its value and growth projections. Typically, the long term trend reflects a higher high and a higher low.
Second as a store of value. At a minimum, its value or purchasing power must be able to keep up with the rate of inflation. As an example, if it costs 300 DNotes or US$2.99 to purchase a gallon of milk today and the price of milk went up to US$3.99 next year, the same 300 DNotes must be able to purchase that gallon of milk. That being case, this is a reliable currency, in regards to store of value. Now, if it only cost 250 Notes, it means that DNotes was either under valued a year ago or that it has high appreciation value.
Three, being a medium of exchange for goods and services in conducting global commerce. Until there is a digital currency that can meet this demanding criteria, it is my humble opinion that digital currency will not become main stream in global commerce. On the other, if one or more crypto currencies meet this demanding standard, the total global transactional value will be in the trillions of dollars. Unfortunately, our industry has failed to meet this requirement miserably. Whether you consider it individually or as a group, the value of crypto currencies today is chaotic and unreliable. At a more appropriate time DNotes will attempt to sign up merchant accounts to use DNotes for the purchase of their goods and services. However, until DNotes is sufficiently established and accepted as a trustworthy, stable, and reliable currency with appreciating value, do not expect an all out campaign from DNotes to sign up merchant accounts. In other words, it is not yet ready for "Prime Time."
In conclusion, as a consequence of our low priority to drive up the price of DNotes, expect DNotes to remain under valued, while solid asset value is being created for its stake holder as more revenue generating properties like Cryptomoms are added to its portfolio. DNotes will work closely with Cryptomoms to significantly increase women’s participation in the crypto currency world overwhelmingly dominated by man. Cryptomoms will be promoted as a currency neutral site with a bias towards DNotes. Inherently that will always be the case, as the facts remain that whether you are an individual, a company or a country you always have the tendency to promote and protect your self interest before others. Being currency neutral, everyone is welcome at Cryptomoms and encouraged to participate in its forum, use it as a resource center, and respectfully promote their products and services. It is a global community center managed by a team of highly skilled professional women with dedicated support from men. Reaching out to the entire industry, Cryptomoms will relentlessly seek to build a culture of mutual respect and cooperation in its core mission to increase women’s participation in the crypto currency space. It will use this as a platform to promote the best interest of the industry with the ultimate common goal of crypto currencies being accepted as the currency of choice in conducting global commerce.
Just goes to show that a busy forum isn't a good indication of quality. Have a happy and safe weekend everybody.