Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 42. (Read 814539 times)

One example of a pool that remains quite steady is the Gulden pool at:

http://nlg.hardcoreminers.com

Chris will be presenting at 3PM on the 9th. It sounds great, I would like to attend as well.

Wish I was in the UK, Coinfest looks like something I would like to attend. What day is Chris speaking?

Digital Currency Weekly Recap 3-13-2016

Coinfest UK Begins April 8th in Manchester
Vietnam Issues Digital Currency Warning
Russian Ministry Calls for Jailing Digital Currency Issuers
RSCoin: A Centralized Bitcoin Knock-off for Central Banks Everywhere
Crypto Charting Platform Coinigy Takes New Venture Top Prize
Satori Coin Introduced in Japan

http://dcebrief.com/digital-currency-weekly-recap-3-13-2016/

Impressive!

She has my vote! At 12 I doubt even gave a second thought to where money came, she is one smart cookie.

This is the person that I vote for Prime Minister of Canada - 12 year old Victoria Grant.

https://www.youtube.com/watch?v=Bx5Sc3vWefE

                             

I can't say with certainty, but I believe that is because the way vardiff is setup on DNotesPool. Maybe you can give me a few examples of ones that do not do it so I can see what the difference might be?

Also, for DNotes supporters who wish support DNotes by mining at a dedicated pool, send me a PM and I will setup an additional reward structure if you want to dedicate some of your hashing power to a DNotes dedicated pool over the next 6-12 months.

VERY interesting! I've experienced the exact same thing. Start with around 80 MH/s and watch it slowly drop over a period of several days until it's down to 4 to 5 MH/S. This happens AFTER the DIFF settles. If I reset the miners and reconnect, it goes back to normal and repeats the cycle. I thought it was my end for while but don't seem to have the issue on most other pools although a couple do the same thing but over a much longer time period.

Any ideas would be welcome...

Blockchain Weekly Recap 3-12-2016

German Regulators Begin to Examine Blockchain
Germany’s RWE Examining Blockchain Tech for Charging Stations
TMX Hires Ethereum Founder as Exchange Moves to Explore Blockchain
Deloitte Report Suggests Blockchain Could Surpass ACH Network in Nine Years
Blockchain Sneaker Authentication Startup Chronicled Reports $3.4 Million Funding
Guardtime Blockchain System to Secure 1 Million Estonian Healthcare Records

http://dcebrief.com/blockchain-weekly-recap-3-12-2016/

I encourage everyone to support the individual pools. But I do understand the problem, it's tough to compete with the multipools and such, and they make it difficult to make a good profit when they have the moajority of the hashing power. It is a self perpetuating problem, the more hash power they have, the more attractive it is to switch. As we grow it will become less of a problem, in the meantime I can only ask for your support. Thanks!

Should be good make another pool for DNotes ?

I was mining for a long time in DNotespool, is sad, but just now pool not have enought hash to run profitable. long long time between blocks found

im having issues of loosing hash, i conect 7 mhash 2 days pass i have 6 mhash two days pass i have 5 mhash 1 week i have little bit moar than 4.3 mhash, maybe i just a sucker blowing my internet just to know if this happen to other miners in pool or is just my problem.

Good weekend 4all

Very impressive post, Mark; exceedingly thoughtful.

"Why the squabbling? Because anarchism rejects all forms of ‘standing’ authority, which I consider a 'hyper-correction.'

And in ‘real world’ anarchist milieus, the squabbles often end up in the group splitting, and new groups forming as a consequence, and it's not seen so much as failure as process.”  This could very well happen in the “Bitcoin world" in which case the likelihood of mass acceptance will be remote. Essentially, the squabbles will continue in an unproductive environment of “build and destroy” Not a very good business model in my mind. But that is the price of a purely decentralized model.

Yet Bitcoin must remain decentralized or it will be a poor choice over fiat or national currency.

We recognized the pitfalls and challenges before DNotes was launched on February 18, 2014. We decided that DNotes must follow the pure decentralized model. What we have been doing differently is to offer leadership, direction and guidance with a long term plan to own and commercial its ecosystem. This bridges the gap between the decentralized DNotes the digital currency and the centralized ecosystem. By walking this fine line we have the opportunity to help manage DNotes as a business as long as it is not controlled as a business.

So I agree with your conclusion that:
“Dnotes interests me precisely because its community/’management’ seems to be ably walking that fine line between (a) adhering to the anti-authoritarian ethos of the crypto movement, but (b) doing it without bouts of community chaos.”

“ . . . the mining community’s reluctance to wield veto power . . . ‘

“Not being able to reach a consensus, and even worse, having every disagreement or discussion publicized worldwide . . .  ‘

Warning: this essay is shockingly simplistic:

those unfamiliar with practical and theoretical anarchist politics – which is pretty much what ‘open source’ is – are spooked by the messiness of its processes. They are used to social governance models in which the bickering is done quietly and out of sight. The point, though, is: does the squabbling produce results that justify the squabbling?

Nuh.

Why the squabbling? Because anarchism rejects all forms of ‘standing’ authority, which I consider a 'hyper-correction.'

And in ‘real world’ anarchist milieus, the squabbles often end up in the group splitting, and new groups forming as a consequence, and it's not seen so much as failure as process.

However, you can’t do that with crypto-currency development. The dissenting parties can’t hack the blockchain into lengths, and go their separate ways.

So crypto enthusiasts should look to governance models akin to the libertarian ‘night-watchmen state’ in which (carefully carefully monitored) ‘minor centralisations’ occur. These allow both for better decision-making and for that decision-making to be undertaken with a little decorum, which never hurt the marketing of a product.

Dnotes interests me precisely because its community/’management’ seems to be ably walking that fine line between (a) adhering to the anti-authoritarian ethos of the crypto movement, but (b) doing it without bouts of community chaos.

This is an awesome article from the CEO and co-founder of The BitFury Group:


The Missing Piece of the Internet is Here: 5 Fundamental Facts Everyone Needs to Know About The Bitcoin Blockchain

#4 "...without the security provided by the computing power of the Bitcoin Blockchain, the property prized most — immutability — is no longer a given and is just one hack away from someone corrupting not just identity information, but real value as well."

#5 "Everyone who cares about making opportunities available to anyone in the world, who believes in democracy and the power of the people to have a voice and say in their future, should be interested in and enthusiastic about the Bitcoin Blockchain."

"I grew up in Latvia during the fall of the Soviet Union. I saw people lose their pensions, their entire savings, their lives’ work, their dreams. I promised myself that if I could help it, I would work to ensure this never happens again. Billions of people all around the globe do not have the rights to transfer assets and many who do are forced to go through corrupt or dysfunctional emissaries and governments. If we could record and move assets in a way that protects individual citizens, then democracy, rule of law and capitalism will all be strengthened. With this missing part of the internet finally in place, we don’t have to wonder “what if” anymore — the future is here, and we can make a difference."

https://medium.com/@BitFuryGroup/the-missing-piece-of-the-internet-is-here-5-fundamental-facts-everyone-needs-to-know-about-the-6ed5fc6d57a#.mqnr8225h

We are watching all these Bitcoin infighting very attentively, least we fall into the same trap when DNotes reach a certain scale. We must continue to keep things simple. When we are finally ready to upgrade the DNotes blockchain, we must be able to leap-from the industry and resolve all the known problems and limitations. We are committed to the long term and in no hurry to just do something. We may appear to be slow and quiet at times. Behind the scene, it quite a different story.

Excellent article, kudos Schweikert!

I found this article to be very well written and helpful. The Case for Banks to Use Open, Public Blockchains

Marc Andreessen, the venture capitalist and inventor of the early web browser Mosaic, had it right when he tweeted in December: "Big companies desperately hoping for blockchain without Bitcoin is exactly like 1994: Can't we please have online without Internet?"

In the mid-90s, the advent of the Web led to private companies attempting to create proprietary information-sharing networks (think AOL and CompuServe.) But the Internet as we know it today won out over every single private network because it was not restricted to the big players and bogged down by proprietary protocols.

Banks are at risk of making the same mistake today as they show surprising interest in private distributed ledgers, or private blockchains, rather than put their intellectual capital to use on features that enhance the appeal of public blockchains and the virtual currencies – such as bitcoin – enabled by open-source ledger systems.

If the Internet and the web have taught us anything, it is that groundbreaking technology is often built on top of open protocols in a level playing field where anyone can innovate regardless of size and influence. Companies like Google and Facebook are possible precisely due to the open nature of the web.

There is no doubt that the use of private distributed ledgers can provide immediate improvements to some of the creaking infrastructure underlying the financial services industry, especially in the back office of securities settlement. But the financial industry's interest in building proprietary networks is, as Andreessen put it, like having "online without Internet."

There is more, but that was a good chunk that I was impressed with.

Notable mention for smart politician. 


U.S. Congressman Seeks Blockchain Experts To Educate Lawmakers

Blockchain is gaining notice from at least one member of the U.S.Congress, according to TechTarget. U.S. Rep. David Schweikert, R-Ariz., called on attendees at the DC Blockchain Summit in Washington, D.C. to educate lawmakers about the technology’s benefits so that lawmakers can address it in a way that benefits the economy as opposed to excessive regulation.

Schweikert, who serves on the House of Representatives’ Financial Services Committee, noted banks are scrambling to ensure blockchain technology doesn’t disintermediate them. He said he has followed cryptocurrencies for a number of years.

Congress Needs Education

Only six or seven fellow Congress members understand the basic mechanics of the distributed ledger, Schweikert said. When The Economist published a cover story about blockchain technology last October, the Financial Services Committee bought dozens of copies to distribute to members of Congress to help bring them up to speed.

Banks and other financial services companies are scared that blockchain technology will put them out of business, he said. He wondered if the technology poses a disruptive threat to those in the money transfer business, the credit card infrastructure business, and the old processing systems.

Blockchain’s Potential

Schweikert recognized the benefits blockchain technology can provide. He said it has the potential to enable peer-to-peer value transfer between people — without requiring a government or bank to execute the transaction. He said this is a major threat to regional and community banks. This threat is particularly pronounced considering there are millions worldwide who up until now have been “unbankable” — lacking access to a bank account and therefore can’t participate in a credit-based economy.

With blockchain technology, a mobile phone and cryptocurrency, the unbankable can join the economy without ever doing business with a bank. This market represents a huge lost opportunity to financial services companies.

Financial Services Are At Risk

Banks aren’t the only businesses facing disintermediation, he said. Any company acting as an intermediary in financial transactions is at risk. “Say you want to sell stock,” he said. “Could I buy it directly from you and never have to have it land in another platform?”

While banks’ biggest problems once revolved around regulatory compliance requirements, the biggest threats they now face are cryptocurrencies.

Schweikert called on his audience, which included many blockchain technology advocates, to take action. He implored them that if they have relationships with “those of my kind, those of us who get elected and think we already know everything” to educate them on the benefits before the “control freaks” find a way to destroy the positive things blockchain could do for the economy and for the world.

https://www.cryptocoinsnews.com/u-s-congressman-calls-on-dc-blockchain-summit-to-educate-lawmakers-to-help-the-global-economy/

Great Recap Ken!

Not being able to reach a consensus, and even worse, having every disagreement or discussion publicized worldwide, it very damaging for the industry. The people involved may be using public infighting to garner support for their side, but it isn't helping their cause.

Good news - all the new ways to make Bitcoin purchasing easier!