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Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 418. (Read 814544 times)

legendary
Activity: 1610
Merit: 1060
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

If I'm not mistaken, DNotes is already on 5 exchanges, MintPal is really not that much different from the rest. This coin has not seen much P & D activity for several reasons:

1. It is not designed to fail. By that I mean it is designed and purposed to be a long term player not a quick "in and out" for immediate profit.
2. The folks who hold DNotes now represent a large, solid base of investment, a "heatsink" if you will, that helps to stabilize the value over time.
3. There are plenty of "kiddiecoins" out there that will provide a better P & D ratio in the short term which is what the whales are looking for.

Yes, we may see some more fluctuation than we are used to seeing at first but, it's a "right of passage", not a reason to worry. I will continue to mine/purchase/accumulate DNotes as a long term investment no matter what goes down on MintPal. The most important thing in investing is patience. A wise, old but brilliant, friend of mine once said about investing, "Buy it and forget it. When you remember you own it, you will be pleased..."




I hope that you are right,just dont like how things goes at mintpal and bittrex.
Like early adopter i am glad to be part of Dnotes community.

regards

Thanks for your support, neleonele. I hope you will do well. Our industry has many issues that are troubling and damaging. At DNotes we will continue to do our in the best by promoting a supportive and trustworthy enviroment.
sr. member
Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
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

If I'm not mistaken, DNotes is already on 5 exchanges, MintPal is really not that much different from the rest. This coin has not seen much P & D activity for several reasons:

1. It is not designed to fail. By that I mean it is designed and purposed to be a long term player not a quick "in and out" for immediate profit.
2. The folks who hold DNotes now represent a large, solid base of investment, a "heatsink" if you will, that helps to stabilize the value over time.
3. There are plenty of "kiddiecoins" out there that will provide a better P & D ratio in the short term which is what the whales are looking for.

Yes, we may see some more fluctuation than we are used to seeing at first but, it's a "right of passage", not a reason to worry. I will continue to mine/purchase/accumulate DNotes as a long term investment no matter what goes down on MintPal. The most important thing in investing is patience. A wise, old but brilliant, friend of mine once said about investing, "Buy it and forget it. When you remember you own it, you will be pleased..."




I hope that you are right,just dont like how things goes at mintpal and bittrex.
Like early adopter i am glad to be part of Dnotes community.

regards

early adopter will get profited unless the price value is more and the coins  are less
legendary
Activity: 1722
Merit: 1000
Good work with Mintpal, I keep voting too! And by the way this thread has now reached 100 pages! Smiley Wink Grin
legendary
Activity: 1610
Merit: 1060
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

If I'm not mistaken, DNotes is already on 5 exchanges, MintPal is really not that much different from the rest. This coin has not seen much P & D activity for several reasons:

1. It is not designed to fail. By that I mean it is designed and purposed to be a long term player not a quick "in and out" for immediate profit.
2. The folks who hold DNotes now represent a large, solid base of investment, a "heatsink" if you will, that helps to stabilize the value over time.
3. There are plenty of "kiddiecoins" out there that will provide a better P & D ratio in the short term which is what the whales are looking for.

Yes, we may see some more fluctuation than we are used to seeing at first but, it's a "right of passage", not a reason to worry. I will continue to mine/purchase/accumulate DNotes as a long term investment no matter what goes down on MintPal. The most important thing in investing is patience. A wise, old but brilliant, friend of mine once said about investing, "Buy it and forget it. When you remember you own it, you will be pleased..."





Those are very good points. DNotes is a poor candidate for P & D. There are many better choices. To have a big dump one must first acquire a big stash at a significantly lower price. I monitor many data points on a regular basis and have not detected any activities of accumulation before a big dump. By design, DNotes is positioned very differently. Among many things which we have shared with you in this forum, are our anchor stake holders. You may call them the good whales, consistently buying at the right price verse selling for short-term gain. They are still waiting for a new higher low of 750 sat. We shot right through it, indicating that DNotes has been significantly under valued. The new higher low is 850 sat. Strong buying support can be expected should the price pull back to this level.  Long term investors should study our trend line very carefully. DNotes is still consistently on an uptrend. Betting that just because many other coins failed following their listing on Mintpal will be enough for DNotes to reverse course may turn out to be your worse investment judgments. When a stock is on an up trend, jumping in and out will cause you to end up owning less and less. Each time you want to get back in you are buying less than what you previously owned, given the same amount of initial investment. By definition, you are not a long term investor. You are a short term trader. That is perfectly fine, if that is your preferred strategy.
sr. member
Activity: 392
Merit: 250
member of GameCredits Dev team
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

If I'm not mistaken, DNotes is already on 5 exchanges, MintPal is really not that much different from the rest. This coin has not seen much P & D activity for several reasons:

1. It is not designed to fail. By that I mean it is designed and purposed to be a long term player not a quick "in and out" for immediate profit.
2. The folks who hold DNotes now represent a large, solid base of investment, a "heatsink" if you will, that helps to stabilize the value over time.
3. There are plenty of "kiddiecoins" out there that will provide a better P & D ratio in the short term which is what the whales are looking for.

Yes, we may see some more fluctuation than we are used to seeing at first but, it's a "right of passage", not a reason to worry. I will continue to mine/purchase/accumulate DNotes as a long term investment no matter what goes down on MintPal. The most important thing in investing is patience. A wise, old but brilliant, friend of mine once said about investing, "Buy it and forget it. When you remember you own it, you will be pleased..."




I hope that you are right,just dont like how things goes at mintpal and bittrex.
Like early adopter i am glad to be part of Dnotes community.

regards
RJF
hero member
Activity: 616
Merit: 500
Online since '89...
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

If I'm not mistaken, DNotes is already on 5 exchanges, MintPal is really not that much different from the rest. This coin has not seen much P & D activity for several reasons:

1. It is not designed to fail. By that I mean it is designed and purposed to be a long term player not a quick "in and out" for immediate profit.
2. The folks who hold DNotes now represent a large, solid base of investment, a "heatsink" if you will, that helps to stabilize the value over time.
3. There are plenty of "kiddiecoins" out there that will provide a better P & D ratio in the short term which is what the whales are looking for.

Yes, we may see some more fluctuation than we are used to seeing at first but, it's a "right of passage", not a reason to worry. I will continue to mine/purchase/accumulate DNotes as a long term investment no matter what goes down on MintPal. The most important thing in investing is patience. A wise, old but brilliant, friend of mine once said about investing, "Buy it and forget it. When you remember you own it, you will be pleased..."


sr. member
Activity: 392
Merit: 250
member of GameCredits Dev team
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
legendary
Activity: 1610
Merit: 1060
One day, when my Dnotes are worth more than 1 million dollars, I will fly to Chicago just to shake your (and dev teams) hands, and to holiday of course. I'm currently having lots of fun learning the ins and outs of programming apps in C# - which has kept me very busy at uni! Perhaps I will code some awesome apps for digital currency in the near future - who knows?

In other news, has anybody taken note of Ecuador implementing a 'government backed' digital currency?

http://www.coindesk.com/ecuador-bans-bitcoin-legislative-vote/

It is the worst possible idea to attempt to quell the use of all digital currencies bar the government backed one. I think it is great in terms of digital currency exposure, and will actually propel adoption in the west with western nations taking note of how effective this 'ban' on alternative currencies turns out (good luck!). Ecuador has massive hyperinflation issues in the late 90's / early 2000's from printing too much money. This basically meant that Ecuador was forced to adopt the US currency for stability purposes. The problem with this is that all currency in circulation in Ecuador is created by decree of another nations leaders; Ecuador is at the mercy of the US central bank. It also means that Ecuador is unable to issue more money itself into circulation, as an alternative to raising taxes - a common preference among governments. This switch to digital currency that can be 'managed' is a clever ploy on their behalf to implement a currency that they can: control the value of, print more of, and return to 'monetary policy' with (use interest rates to control the economy through costs of lending). The monetary policy is preferable to Ecuador's current only option in 'fiscal policy' - where the government can spend more money in an attempt to spur 'growth', going into debt in the process. This debt can not be paid off via 'Quantitative Easing' (government lingo for counterfeiting currency) since that responsibility lies with the US government. I'm not sure how I feel about digital currency being used to gain 'more control' haha, but I highly doubt it will work the way its implementation is intended.

Regardless, having an entire country using digital currency will be very interesting to watch, and will provide incredibly valuable research data!

My latest assignment is due this friday Dyna, and I have a 2 week 'uni break' coming up soon, so definitely will have a nice and lengthy personal message for you then! Nice work on Mintpal people.


Thanks for visiting us. We will be delighted to give you a big welcome when your DNotes is valuable enough to pay for your trip to Chicago and still leave you enough to be a millionaire.  We love entertaining DNotes’ supporters and have already done that a few times. Our lead developer is from the Chicago area. The rest of our team is from Indiana and Michigan. I am sure they will be very happy to join the party. Hopefully, by then you can show off you new app for digital currency. Our lead developer is an accomplished programmer with a master degree in computer science and a MBA from a top business school. We have quite a team.

Thanks for all the research you have been doing for us. Hope I have not given you too many home work assignments. I do appreciate your contributions very much.

We are aware of Ecuador’s plan to release its own digital currency. Bad idea. I did a cut and past for your easy reference:

***********************
Quote from: RJF on August 05, 2014, 02:58:21 PM
Quote from: Chase on August 05, 2014, 02:26:33 PM

Is anyone following Ecuador's plan to release it's own digital currency in the fall?  It sound like they are doing it for all the wrong reasons - check this out:

http://www.bloomberg.com/news/2014-08-05/bitcoin-like-money-is-ecuador-s-dollar-saving-plan.html

They are centralizing a decentralized entity. They are only doing it to gain control before other crypto currencies take over. Be interesting to see what happens to their govt controlled currency of record, the US Dollar...

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

August 5, 2014
DYNA’s Comments:

This is quite clearly a desperate move by a desperate government, and it wouldn’t be the last.  There is a serious misunderstanding on how the value of a crypto currency is established and the critical importance of sustainable value stability of the currency. Any attempts by a government to manufacture Crypto currency value out of thin air will not do much better than many of the scam coins we know of today. By definition, a given crypto currency is a global decentralized currency owned by a community of stake holders. It is not owned by an individual, an entity, a company, a state or a government. Some may think otherwise. When they do, they fail. For example, one DNotes is worth .00001 Bitcoin today, because the last buyer actually bought it at that price.

The true value of the currency is what the other party would agree to as a medium of exchange and not because Ecuador’s government told you so. If Ecuador’s government has a serious debt problem today using fiat currency, their financial problems will be compounded by switching over to include crypto currency, even in part, because by comparison, crypto moves at the speed of light verses a truck load a fiat currency by a slow moving train. Backed by “liquid assets” will quickly becomes meaningless, because they currently do not have enough of it, or they wouldn’t have a debt problem. Maintaining stability will be a nightmare resulting in serious liquidity and a bank run like the spread of a wild fire.
hero member
Activity: 493
Merit: 500
Two months ago everyone expected pump, now everyone expect dump.

The market will always find the "right price". DNotes was designed for consistent, incremental increase in value, which will make it the coin of choice for storing value, AND merchant adoption. It is not made for drastic increases OR decreases. Quite different than your normal, average coin.

Smokey

Usually there should be little pump on Sunday/Monday and drop before entering to the Mintpal . But we will see what happen.

DNotes is quite different from any other Cryptocurrency. It wouldn`t be a surprise if we continue to see the same gradual price increase long after its Mintpal debut.
member
Activity: 83
Merit: 10
Two months ago everyone expected pump, now everyone expect dump.

The market will always find the "right price". DNotes was designed for consistent, incremental increase in value, which will make it the coin of choice for storing value, AND merchant adoption. It is not made for drastic increases OR decreases. Quite different than your normal, average coin.

Smokey

Usually there should be little pump on Sunday/Monday and drop before entering to the Mintpal . But we will see what happen.
full member
Activity: 157
Merit: 100
Two months ago everyone expected pump, now everyone expect dump.

The market will always find the "right price". DNotes was designed for consistent, incremental increase in value, which will make it the coin of choice for storing value, AND merchant adoption. It is not made for drastic increases OR decreases. Quite different than your normal, average coin.

Smokey
legendary
Activity: 1638
Merit: 1005
Two months ago everyone expected pump, now everyone expect dump.

If everyone is expecting a dump, then the current price on the other exchanges should reflect that, after all no intelligent person is going to overpay for anything that they think is going to go down next week.  There may be a few bumps, but I also feel certain that the long term outlook is very good.
legendary
Activity: 1932
Merit: 1111
DNotes
Two months ago everyone expected pump, now everyone expect dump.

I cannot predict what will happen if we are accepted on Mintpal in the short term, but I can say with a fair amount of certainty that being listed on Mintpal will be good for DNotes long term growth.
member
Activity: 83
Merit: 10
Two months ago everyone expected pump, now everyone expect dump.
legendary
Activity: 1610
Merit: 1060
Entering to Mintpal kills every coin. You will have to keep your finger on the trigger (to be faster than upcoming mega dump).


This reminds me of one of my previous quotes “if you are a little mouse, don’t dance with an elephant.”  http://finance.yahoo.com/news/cryptocurrency-dnotes-block-reward-reduce-080300040.html

This will be a real test for DNotes. If we are truly trustworthy and in it for the long-term, we will survive that test and come out stronger. My money is on the side of the confidence and steadfast commitment of our stake holders. The verdict will be out in less than a week.
member
Activity: 83
Merit: 10
Entering to Mintpal kills every coin. You will have to keep your finger on the trigger (to be faster than upcoming mega dump).
legendary
Activity: 1610
Merit: 1060
Thanks for staying in touch with us, PEACEOFWAR. We wish your wife a speedy recovery. Please let us know if we can be of help in some ways.

Thanks for posting a rather comprehensive write-up on depression. You certainly have a much better insight on this subject than most of us. It is a very complex issue with no permanent solution or cure in sight. What I do believe is that if we all can contribute a little to make this world a little less depressing, it will help. I am personally committed to do everything I can, using DNotes as the vehicle to deliver that little help at every opportunity we can. DNotes’ shared stake concept is the foundation of that philosophy. It is about sharing and caring. It is about giving the most people a chance towards financial freedom, no matter where they are, or what form on government they are subjected to. It must begin with trustworthiness, and like respect, it earned over time.
member
Activity: 96
Merit: 10
Hi everyone thank you for keeping us up to date, we are glad that DNotes is still doing well.
I apologize that I have been unable to be doing daily posts recently I have been busy with family matters.
My wife had to be hospitalized again for a week, and we are still fighting her depression. As you can imagine learning that Robin Williams lost his battle with that dark  monster has been a little scary to put it mildly.

Please support those with depression and always hold on to hope, there is a better day ahead and there is hope. Keep fighting.
Need help? In the U.S., call 1-800-273-8255 for the National Suicide Prevention Lifeline.


http://www.huffingtonpost.com/2014/08/11/robin-williams-depression_n_5670256.html

"The suicide death of beloved comedian and actor Robin Williams shocked many of his fans. But those who knew him were aware of his ongoing struggle with depression.

According to his publicist, Williams, 63, was completing a 12-step program for drug abuse and had been battling severe depression.

"You're standing at a precipice and you look down, there's a voice and it's a little quiet voice that goes, 'Jump,'" Williams told Diane Sawyer during an interview about his struggle with addiction in 2006. "The same voice that goes, 'Just one.' … And the idea of 'just one' for someone who has no tolerance for it, that's not the possibility."

More recently, Williams talked about the overwhelming fear and anxiety that led him to seek solace in alcohol.

"Having depression and being in a suicidal state twists reality. It doesn't matter if someone has a wife or is well loved," Julie Cerel, a psychologist and board chair of American Association of Suicidology, told USA Today. "They get so consumed by the depression and by the feelings of not being worthy that they forget all the wonderful things in their lives."

Indeed, a major reason people with suicidal thoughts don't seek help is the belief that nothing could possibly make things better, according to the National Institutes of Health.

Ariane Sherine, a writer for The Guardian, recently spoke with The Huffington Post about her struggle.

“When I was suicidal and having suicidal ideations daily, hourly, I never imagined that I would be this happy and this stable again," said Sherine.

"Please don't give up," she told HuffPost Live's Caroline Modarressy-Tehrani. "Life can get better ... It might involve a lot of trial and error, but it's possible to feel normal again, or almost normal again."

Though we can never know what took place in Williams' personal life, the actor's now-public struggles have many people thinking about the difficulties faced by those battling depression and addiction. That's especially important in light of recent evidence that high-profile suicides may inspire young people to take their own lives.

BY THE NUMBERS

Each year, 34,000 people commit suicide, about twice as many deaths as caused by homicide -- about one death per 15 minutes. By 2030, depression will outpace cancer, stroke, war and accidents as the world's leading cause of disability and death, according to the the World Health Organization.

While the elderly have the highest rate of suicide, anyone can be suicidal. Men, in general, are more likely to complete suicide, even though women are more likely to attempt it. About half of all suicides occur in men ages 25 to 65. Risk factors include overwhelming situations, such as aging, substance abuse, emotional trauma, unemployment or financial problems, according to the NIH.

Fully 90 percent of those who take their own lives struggle with an underlying mental health issue. According to the latest estimate, 13 percent of people will experience depression at some point in their lives. And about 15 percent of those with clinical depression will die by suicide.

THE SUBSTANCE ABUSE FACTOR

Substance abuse in combination with a preexisting mental health condition, such as depression or bipolar disorder, can be deadly, according to the website of Suicide Awareness Voices of Education, a suicide prevention organization. Often, someone suffering from mental illness will seek alcohol or drugs to relieve symptoms, but this can lead to impaired judgment and impulsive behavior.

Williams discussed the interplay of substance abuse and suicidal thoughts during a 2010 interview on the comedy podcast WTF with Mark Maron [at 52:00]. Describing a dark period of drinking alone in his hotel room two years earlier and briefly considering suicide, Williams said his "conscious brain" told his drunk brain to "put the suicide over here in 'discussable.' Let's leave it over here in the discussion area" until he was sober.

SIGNS OF TROUBLE

It can be difficult to determine when a depressed loved one has progressed to suicidal tendencies. The SAVE network recommends asking the following questions in a non-judgmental and non-confrontational manner:

Do you ever feel so badly that you think about suicide?
Do you have a plan to commit suicide or take your life?
Have you thought about when you would do it (today, tomorrow, next week)?
Have you thought about what method you would use?

Suicidal individuals may talk about feeling hopeless or guilty, pull away from loved ones and complete tasks that seem geared toward getting affairs in order, giving away possessions or otherwise arranging for family, according to the NIH.

OFFERING HELP

If you or anyone you know has threatened suicide or is displaying tendencies, it is important to seek immediate help.

For a loved one struggling with depression, there are ways to offer support. (Though it is essential to know that depression is not due to a failure of support on the family's part.)

When talking to someone suffering depression, "it's best not to say anything that is going to make them think that what they're dealing with is because of a lack of coping skills, personal weakness or a character flaw," Dr. Adam Kaplin, an associate professor in the departments of psychiatry and neurology at Johns Hopkins University, told The Huffington Post for a previous article. "The worst part of depression is that it narrows the field of vision into a very small tube so they can't see the options. A lot of [the goal of helping] is giving people a hope that things will get better.""
legendary
Activity: 1610
Merit: 1060
P.S.

This is not planned but the timing of TeeGee's post just minutes ahead of mine is quite incrediable.

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


On August 18, 2014, DNotes will be six months old. This is a good time to review, renew, and revitalize our commitments and core missions. I am planning to make a series of posts over the next few weeks, with certain research materials provided by one of DNotes’ stake holders, TeeGee. TeeGee is a very bright young man working on his PhD in Economics and has been a strong supporter of DNotes. His contributions have been very helpful and very much appreciated.

However, the opinions and conclusions expressed are mine. Being mindful that we have a very broad spectrum of stake holders around the world, including first time owners of crypto currency, and many who may not be as tech savvy, I will attempt to keep my writings to a layman version as much as possible. Having been an entrepreneur for almost forty years, with a bachelor degree in Behavioral Science and a MBA, some of my view points are influenced by certain behavioral and economic theories. Furthermore, we believe in managing DNotes as a real world business, guided by a system approach to managing complex organizations. System approach, forces us to constantly examine all the components that make up a specific unit or the larger system, such as DNotes as a unit, the crypto currency ecosystem as the larger unit, the entire industry as the whole system, and the global community as the super-system. They are all linked and their state of affairs affects one another.  

It is becoming more apparent by the day that digital currency is here to stay. It will be the biggest technology revolution of mankind, resulting in massive job growth to support the rapid growth of a massive ecosystem. For a change, wealth creation in this emerging industry may not favor the just the rich. Common people, anywhere around the world, with a smart saving plan invested in the right crypto currency could accumulate significant wealth over time.

As TeeGee suggested, “A stable digital currency would protect the value of people’s savings in countries like Venezuela with high inflation.”  If DNotes can establish a sufficiently solid track record over time (two years), DNotes will be a very attractive alternative to traditional saving accounts, especially in countries with high inflation and unstable currencies.

The over expansionary monetary policy of the Federal Reserve has certainly created sufficient concerns for large holders of US dollars (USD), including China, Japan, Brazil, India and others; causing a significant devaluation of the USD relative to other major world currencies. Coupled with out of control spending, mounting national debts, and slow job growth further loss of confidence and depreciation in USD value will continue. The once mighty USD may no longer be a good store of value.

Stay tuned for my next post on the critical importance of DNotes with reliable appreciating value.
hero member
Activity: 846
Merit: 535
One day, when my Dnotes are worth more than 1 million dollars, I will fly to Chicago just to shake your (and dev teams) hands, and to holiday of course. I'm currently having lots of fun learning the ins and outs of programming apps in C# - which has kept me very busy at uni! Perhaps I will code some awesome apps for digital currency in the near future - who knows?

In other news, has anybody taken note of Ecuador implementing a 'government backed' digital currency?

http://www.coindesk.com/ecuador-bans-bitcoin-legislative-vote/

It is the worst possible idea to attempt to quell the use of all digital currencies bar the government backed one. I think it is great in terms of digital currency exposure, and will actually propel adoption in the west with western nations taking note of how effective this 'ban' on alternative currencies turns out (good luck!). Ecuador has massive hyperinflation issues in the late 90's / early 2000's from printing too much money. This basically meant that Ecuador was forced to adopt the US currency for stability purposes. The problem with this is that all currency in circulation in Ecuador is created by decree of another nations leaders; Ecuador is at the mercy of the US central bank. It also means that Ecuador is unable to issue more money itself into circulation, as an alternative to raising taxes - a common preference among governments. This switch to digital currency that can be 'managed' is a clever ploy on their behalf to implement a currency that they can: control the value of, print more of, and return to 'monetary policy' with (use interest rates to control the economy through costs of lending). The monetary policy is preferable to Ecuador's current only option in 'fiscal policy' - where the government can spend more money in an attempt to spur 'growth', going into debt in the process. This debt can not be paid off via 'Quantitative Easing' (government lingo for counterfeiting currency) since that responsibility lies with the US government. I'm not sure how I feel about digital currency being used to gain 'more control' haha, but I highly doubt it will work the way its implementation is intended.

Regardless, having an entire country using digital currency will be very interesting to watch, and will provide incredibly valuable research data!

My latest assignment is due this friday Dyna, and I have a 2 week 'uni break' coming up soon, so definitely will have a nice and lengthy personal message for you then! Nice work on Mintpal people.
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