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Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 414. (Read 814544 times)

legendary
Activity: 1473
Merit: 1086
Uhm is there something "special" about this coin ? Could not find anything interesting in the first posting.
legendary
Activity: 1610
Merit: 1060
Dyna,You have studied the bitshares X project? What do you think of this project?


Their strategy of creating new Decentralized Autonomous Corporations (DACs) is sound and will likely help speed up mainstream adoption. They have a good business model of getting a lot of things done relatively quietly, until they have something solid. Among this group of major players such as Ripple, Ethereum, Nxt  and others, BTSX is on the top of my list.

Their ownership ratio (as to who owns what, how much, and why) is complex and confusing, making it nearly impossible to arrive at an objective valuation. Having said that, I will add that BTSX is one of the better speculative investments in our industry.

DNotes is more of a pure play if you believe in the potential of a relatively stable digital currency with reliable long-term appreciation. Since this is an open source industry, there will be a lot of technology sharing. We expect to make our fair share of contributions to the industry and will certainly benefit from the work of others as well. There is little limit as to what DNotes can do from a technology prospective. It is more of a matter of when and what we want to do, based on our priorities.

It is becoming very clear that many larger players will start competing in our industry. The cost of entry will increase rapidly. The ridiculously, large number of new coins being introduced will have dropped substantially by the end of this year. Many current coins will disappear in the next twelve months. The opportunities will be shifted towards supporting the ecosystem. This is how new technology evolves and we have always anticipated this.
full member
Activity: 157
Merit: 100
DNotes - Destined to Fulfill the Functions of Money

Since I have been preparing to write about the functions of money, I asked my six years old grandson, “What is money for?”  “Buy toys”, he replied instantly.

Money is certainly used to buy toys and much more, but it actually has three functions that have been generally agreed to. There is a fourth function that has been floating around for years, but not always discussed. Perhaps because it is a hybrid that came about as we developed more ways to use money by accepting installment or deferred payments for current purchases. If that is true, digital currency will enhance the functions of money even further. DNotes is positioning itself to lead in exploiting this huge potential of various additional advantages digital currency has to offer over fiat currencies.

Medium of exchange:

Money is used as the most convenient and efficient vehicle as a medium of exchange for goods and services.  It replaces the need to barter for goods and services, a highly unproductive and difficult system. Barter trade consumes unproductive time and resources to find and negotiate with the traders on both sides. As a result, everyone is willing to accept money in exchange for goods and services.

Unit of account:

Unit of account is a general consent on the value of a currency relative to a good or service or another currency (money). UD$3.00 can buy one gallon of Milk. 1 DNotes can be traded for 0.0001201 Bitcoin. This is a very simple concept with great implications, especially in the cryptocurrency world. It is reasonable to say that the cryptocurrency exchanges have been playing a very important role for “Unit of Account” for digital currency.  When a cryptocurrency is de-listed by most or all the exchanges, its value can only be established through barter trade, threatening the very survival of the coin.

In theory, when a coin continuously become more available and its value consistently appreciate at a reliable and sustainable rate the general consent of its  value is much more dependable than one that is not. As often the case in our industry, when the value of a currency is highly volatile with wide fluctuation of value, it is an indication that the general consent on the value of that currency is unsettled. Both uptrend and downtrend are likely to have been induced or manipulated; pump and dump. For long-term investor finding dependable general consent of value (unit of account) is very important.

Store of Value:

Money functions as a practical and convenient way to store value, allowing us to exchange money for goods and services at any time without worrying that the value may expire or rot away.  This allows us to save for retirement or diversify in protecting its value by investing in different currencies, and other asset class.

DNotes as a worthy Store of Value is part of our strategic mission. This is hugely important to a number of DNotes projects, including the recently introduced Baby DNotes program. More will be discussed in future posts.



Standard of deferred payment:

Standard of deferred payment is frequently used for current purchases with deferred or installment payments. However, it is not always discussed as a function of money. This could be partly because it involves both the unit of account and the store of value functions. Accounting for inflation and potential devaluation of the currency, the $10,000 you agreed to pay for the used car purchased today but paid monthly over 24 installments is worth less in present value by the time it is paid in full.

Standard of deferred payment is used as a benchmark to determine what interest rate should be added to preserve the present value of that agreed price. An incentive of a higher interest rate is often added to help offset potential default risk. It can also be priced in as the selling price and advertise as 0% interest as a sales promotion.


What if someone would accept the same purchase with installment payments in DNotes?

I strongly encourage further discussions and comments. If DNotes can serve well in all the functions of money, with additional advantages, mainstream adoption of digital currency is a certainty. DNotes is positioned to be that currency.  Building a solid foundation of trust and fundamental value has to be our trademarks. If money is for everyone, and so easy to understand and easy to use, DNotes as a digital currency for everyone must also be easy to understand and easy to use. That is a huge challenge our development team is working to overcome.


Wow. A lot to digest, but it brings to light that the vast majority of people do not even realize that money has more than one function: to buy things. If Dyna's vision of the future of crypto-currency VS fiat currency comes true, DNotes is positioned perfectly fulfill ALL the Functions of Money.

Well said, Yoda. DNotes could not be in better hands.

Smokey
legendary
Activity: 1610
Merit: 1060
DNotes - Destined to Fulfill the Functions of Money

Since I have been preparing to write about the functions of money, I asked my six years old grandson, “What is money for?”  “Buy toys”, he replied instantly.

Money is certainly used to buy toys and much more, but it actually has three functions that have been generally agreed to. There is a fourth function that has been floating around for years, but not always discussed. Perhaps because it is a hybrid that came about as we developed more ways to use money by accepting installment or deferred payments for current purchases. If that is true, digital currency will enhance the functions of money even further. DNotes is positioning itself to lead in exploiting this huge potential of various additional advantages digital currency has to offer over fiat currencies.

Medium of exchange:

Money is used as the most convenient and efficient vehicle as a medium of exchange for goods and services.  It replaces the need to barter for goods and services, a highly unproductive and difficult system. Barter trade consumes unproductive time and resources to find and negotiate with the traders on both sides. As a result, everyone is willing to accept money in exchange for goods and services.

Unit of account:

Unit of account is a general consent on the value of a currency relative to a good or service or another currency (money). UD$3.00 can buy one gallon of Milk. 1 DNotes can be traded for 0.0001201 Bitcoin. This is a very simple concept with great implications, especially in the cryptocurrency world. It is reasonable to say that the cryptocurrency exchanges have been playing a very important role for “Unit of Account” for digital currency.  When a cryptocurrency is de-listed by most or all the exchanges, its value can only be established through barter trade, threatening the very survival of the coin.

In theory, when a coin continuously become more available and its value consistently appreciate at a reliable and sustainable rate the general consent of its  value is much more dependable than one that is not. As often the case in our industry, when the value of a currency is highly volatile with wide fluctuation of value, it is an indication that the general consent on the value of that currency is unsettled. Both uptrend and downtrend are likely to have been induced or manipulated; pump and dump. For long-term investor finding dependable general consent of value (unit of account) is very important.

Store of Value:

Money functions as a practical and convenient way to store value, allowing us to exchange money for goods and services at any time without worrying that the value may expire or rot away.  This allows us to save for retirement or diversify in protecting its value by investing in different currencies, and other asset class.

DNotes as a worthy Store of Value is part of our strategic mission. This is hugely important to a number of DNotes projects, including the recently introduced Baby DNotes program. More will be discussed in future posts.



Standard of deferred payment:

Standard of deferred payment is frequently used for current purchases with deferred or installment payments. However, it is not always discussed as a function of money. This could be partly because it involves both the unit of account and the store of value functions. Accounting for inflation and potential devaluation of the currency, the $10,000 you agreed to pay for the used car purchased today but paid monthly over 24 installments is worth less in present value by the time it is paid in full.

Standard of deferred payment is used as a benchmark to determine what interest rate should be added to preserve the present value of that agreed price. An incentive of a higher interest rate is often added to help offset potential default risk. It can also be priced in as the selling price and advertise as 0% interest as a sales promotion.


What if someone would accept the same purchase with installment payments in DNotes?

I strongly encourage further discussions and comments. If DNotes can serve well in all the functions of money, with additional advantages, mainstream adoption of digital currency is a certainty. DNotes is positioned to be that currency.  Building a solid foundation of trust and fundamental value has to be our trademarks. If money is for everyone, and so easy to understand and easy to use, DNotes as a digital currency for everyone must also be easy to understand and easy to use. That is a huge challenge our development team is working to overcome.
jr. member
Activity: 41
Merit: 10
Crypto
Dyna,You have studied the bitshares X project? What do you think of this project?
sr. member
Activity: 434
Merit: 250
Dnotes at 1200an sat now
to the moon... Grin
hero member
Activity: 602
Merit: 500
woah the last time i check on price of Dnotes was 400 sat and now it went 1k lol. 
legendary
Activity: 1610
Merit: 1060

What I find most surprising is the majority of trading took place on Poloniex, rather than Mintpal.

Most likely, a lot of DNotes stake holders have not moved their DNotes and BTC over to Mintpal for various reasons. The positive mention of DNotes in FINANCIAL UNDERGROUND KINGDOM – CRYPTOCURRENCY BLOG  could have contributed to the record volume.

"FINANCIAL UNDERGROUND KINGDOM – CRYPTOCURRENCY BLOG
http://fuk.io/august-2014-report-best-altcoins-and-cryptos-to-mine-and-invest-in-right-now/

NOTE DNotes – coin with a few years upfront marketing plan made on scrypt algo. Dev team is very active and doesn’t seem to be going anywhere and keeps the coin running and upgrading. The marketing team keeps filling their plans and the coin has to raise. Trading almost everywhere but best prices on Allcoin"
hero member
Activity: 493
Merit: 500

What I find most surprising is the majority of trading took place on Poloniex, rather than Mintpal.
legendary
Activity: 1638
Merit: 1005
hero member
Activity: 493
Merit: 500
Things are looking bright for the future of DNotes, and it's nice to see that everyone is on the same page!

I'd also like to announce that in addition to Fire related charities, FF4DC is a proud supporter of the Canadian Cancer Society. Three months ago we made a donation of $100. Had they accepted my offer of $100 in DNotes, they would be worth around $600 today! http://ff4dc.com/fundraising.html

Follow us on Twitter https://twitter.com/FF4DC
Like us on Facebook https://www.facebook.com/pages/Fire-Fighters-for-Digital-Currency/541658549287091

Wow! You got ahead of me in a good way. One of my posts next week will talk about charity fund raising with DNotes. It makes a lot of sense when there is a digital currency that has a reliable appreciating value. You just proved my point. Thanks.

Any time, glad I could be of help to such a deserving development team.
legendary
Activity: 1610
Merit: 1060
Things are looking bright for the future of DNotes, and it's nice to see that everyone is on the same page!

I'd also like to announce that in addition to Fire related charities, FF4DC is a proud supporter of the Canadian Cancer Society. Three months ago we made a donation of $100. Had they accepted my offer of $100 in DNotes, they would be worth around $600 today! http://ff4dc.com/fundraising.html

Follow us on Twitter https://twitter.com/FF4DC
Like us on Facebook https://www.facebook.com/pages/Fire-Fighters-for-Digital-Currency/541658549287091

Wow! You got ahead of me in a good way. One of my posts next week will talk about charity fund raising with DNotes. It makes a lot of sense when there is a digital currency that has a reliable appreciating value. You just proved my point. Thanks.
hero member
Activity: 493
Merit: 500
Things are looking bright for the future of DNotes, and it's nice to see that everyone is on the same page!

I'd also like to announce that in addition to Fire related charities, FF4DC is a proud supporter of the Canadian Cancer Society. Three months ago we made a donation of $100. Had they accepted my offer of $100 in DNotes, they would be worth around $600 today! http://ff4dc.com/fundraising.html

Follow us on Twitter https://twitter.com/FF4DC
Like us on Facebook https://www.facebook.com/pages/Fire-Fighters-for-Digital-Currency/541658549287091
legendary
Activity: 1176
Merit: 1000
nice dnotes coin price UP again, looks like mintpal entry feeling good for dnotes pushing it up the 1000 satosis line,

i know Dnotes coin price still now is devaluated, but is confortable see the babe growing with stability and work of a good human team behind.

im happy because am not wrong spreading dnotes words to people.

must keep working, the best future is to come.

thanks to all dnotes team.
legendary
Activity: 1932
Merit: 1111
DNotes
DNOTES has been and will be one of my favorite all time alts.. Now that we have our own coin we are looking at the DNOTES Shining example of welcoming people from all walks of life into Cryptocurrency. I have to state, that compared to many other altcoin threads where there is a layer of arrogance and superiority complex combined, I find DNOTES COMMUNITY AND DEVS very heart warming and welcoming. I will never forget the welcome I received as a new kid on the block those many moons ago. I am now trying slowly to bag up DNOTES as an asset for our coin too. I believe DNOTES is an asset not just a coin. I have an idea for a collaboration with DNOTES involving a new sort of website so maybe in the near future we can have a private discussion on this? I believe in mutual cooperation between our coins and communities to foster and create a better crypto environment for all.

Qiwoman, we appreciate all the support you have given to DNotes. You have been a great supporter since the very start! As you know we support initiatives that are beneficial to the cryptocurrency community and to DNotes stake holders.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
DNOTES has been and will be one of my favorite all time alts.. Now that we have our own coin we are looking at the DNOTES Shining example of welcoming people from all walks of life into Cryptocurrency. I have to state, that compared to many other altcoin threads where there is a layer of arrogance and superiority complex combined, I find DNOTES COMMUNITY AND DEVS very heart warming and welcoming. I will never forget the welcome I received as a new kid on the block those many moons ago. I am now trying slowly to bag up DNOTES as an asset for our coin too. I believe DNOTES is an asset not just a coin. I have an idea for a collaboration with DNOTES involving a new sort of website so maybe in the near future we can have a private discussion on this? I believe in mutual cooperation between our coins and communities to foster and create a better crypto environment for all.
legendary
Activity: 1610
Merit: 1060
hi dyna. i would like to start by saying i am one of those people you've hoped are out there that reads this forum on a regular basis but never says a thing. i grabbed a bag of coins and starting reading this forum at the beginning of summer and have been quite pleased with the progress. i have one idea/question, have you considered or looked into getting onto crypto Analytics review site? it seams like it would be a great place to get the word out. just a thought


Hi mrbum805. So glad to meet you and thanks for participating. Just like you, I followed a number of forums for months without making a single post, and buying some coins along the way. Writing is not my strength, so it is hard work. My real strength is in strategic planning and execution, working with a group of professional staff. I once had a team of 5 full-time PR professionals doing all the hard work. I miss that.

I am taking this leadership role out of necessity. To be successful every coin must have a strong community. However, the most successful coin is one that has the long-term strategic leadership and support of the development team. There must be a worthy and common purpose clearly communicated to everyone promoting the most productive team work. The record breaking number of votes in getting DNotes listed on Mintpal Exchange is a very good example of that. Common people are capable of attaining uncommon results when their efforts are unified to work perfectly as a team to achieve a common goal. It is powerful and rewarding. That is a trade mark of success. We never doubted that DNotes will do well on Mintpal Exchange. So far it is working out even better than we expected.

We are certainly interested to be included in any crypto Analytics review site. This is a very new area but will play an important role as more serious investors start investing in crypto currencies. DNotes should measure up well. Someone might have made a post earlier, but please let us know what you found out.


i dont believe the site im talking about has been mentioned in this forum. i may be wrong however. its http://cryptoanalytics.trade  i have seen it mentioned around the web here and there with other coins. the site is definitely growing as they've made more reviews. there's a contact link on there page. i can throw in a request or if you or your staff would like to do it personally it may work a little bit better. just let me know.

i voted no less than 50 times for dnotes on mintpal from 24th place. go dnotes!!

 You are right. This site has not been mentioned in this forum. Thanks for bringing it to our attention.  I will do some research and take it from there. Appreciate your voting efforts. There must have been a lot of quite supporters like you to give DNotes that overwhelming lead. That was quite impressive. A Big Thank You to you all. We are doing great on Mintpal.
member
Activity: 92
Merit: 12
hi dyna. i would like to start by saying i am one of those people you've hoped are out there that reads this forum on a regular basis but never says a thing. i grabbed a bag of coins and starting reading this forum at the beginning of summer and have been quite pleased with the progress. i have one idea/question, have you considered or looked into getting onto crypto Analytics review site? it seams like it would be a great place to get the word out. just a thought


Hi mrbum805. So glad to meet you and thanks for participating. Just like you, I followed a number of forums for months without making a single post, and buying some coins along the way. Writing is not my strength, so it is hard work. My real strength is in strategic planning and execution, working with a group of professional staff. I once had a team of 5 full-time PR professionals doing all the hard work. I miss that.

I am taking this leadership role out of necessity. To be successful every coin must have a strong community. However, the most successful coin is one that has the long-term strategic leadership and support of the development team. There must be a worthy and common purpose clearly communicated to everyone promoting the most productive team work. The record breaking number of votes in getting DNotes listed on Mintpal Exchange is a very good example of that. Common people are capable of attaining uncommon results when their efforts are unified to work perfectly as a team to achieve a common goal. It is powerful and rewarding. That is a trade mark of success. We never doubted that DNotes will do well on Mintpal Exchange. So far it is working out even better than we expected.

We are certainly interested to be included in any crypto Analytics review site. This is a very new area but will play an important role as more serious investors start investing in crypto currencies. DNotes should measure up well. Someone might have made a post earlier, but please let us know what you found out.


i dont believe the site im talking about has been mentioned in this forum. i may be wrong however. its http://cryptoanalytics.trade  i have seen it mentioned around the web here and there with other coins. the site is definitely growing as they've made more reviews. there's a contact link on there page. i can throw in a request or if you or your staff would like to do it personally it may work a little bit better. just let me know.

i voted no less than 50 times for dnotes on mintpal from 24th place. go dnotes!!
full member
Activity: 157
Merit: 100
I think that Mintpal is not good for any coin!

In this cryptoworld at Bittrex and Mintpal are many brokers from Wall street,real pro.They sitting on lot of money and manipulate coin.We can not
 
trade with them,they dont respect diff to mine coin,costs of production.....They rape coins!Only want profit in BTC,to them long term coin no exist!

See what they done with CYC,before monday,that coin worth about 8000-9000,now 1500-2000 Huh Huh Huh

Maybe is better to stay away....


Regards to all


I was wrong,i apologize to your all.....

Dnotes and community are different and stronger!!!Must success


Regards to all


Thanks, neleonele, but no need to apologize. Welcome to DNotes. Our community has a fundamentally different philosophy about getting rich one day, just like everyone else wishes to. What is different is that, we believe in achieving that common goal together. It is about promoting and protecting our self-interest as a group, verses doing it individually. We have to work harder and patiently wait for our turn.

We appreciate every hard earned dollar that is invested to support DNotes and work hard to protect it. That is what it takes to build a trustworthy currency which can eventually fulfill all the three functions of money, including its hugely important function as a medium of exchange. Without that, mass merchant and consumer adoption of digital currency is not achievable.


Looks like DNotes is not only holding up on MintPal, it is taking the lead, both in volume and price. It is only a matter of time.......

Smokey
legendary
Activity: 1932
Merit: 1111
DNotes
Thanks, neleonele, but no need to apologize. Welcome to DNotes. Our community has a fundamentally different philosophy about getting rich one day, just like everyone else wishes to. What is different is that, we believe in achieving that common goal together. It is about promoting and protecting our self-interest as a group, verses doing it individually. We have to work harder and patiently wait for our turn.

We appreciate every hard earned dollar that is invested to support DNotes and work hard to protect it. That is what it takes to build a trustworthy currency which can eventually fulfill all the three functions of money, including its hugely important function as a medium of exchange. Without that, mass merchant and consumer adoption of digital currency is not achievable.


I wanted to go back to this post and add my take because this statement is important to me "What is different is that, we believe in achieving that common goal together". It's never just one thing or one person that makes something successful, you need a team of diverse and yet like minded individuals working towards the same goals to make something successful. No one individual or strategy will make DNotes successful, it will take many individuals working towards common goals.


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