Dyna,
What is the current plan for positioning Dnotes in the future? Can you discuss the long term plans and predictions? I know a lot of this has been covered but, I would like see where the Dnotes community leaders stand now.
Thx
I'm also curious on this. With so many new coins with quite a bit more innovative technology behind them coming out on a regular basis, I'm wondering what the plan is to keep dnotes relevant.
Those are very reasonable questions and we continue to encourage our community to actively participate in this forum, with comments, questions, and recommendations. You may also PM our Dev. or myself on subjects that are more appropriately covered in private.
DNotes has a rather complex business plan projecting years into the future. Like any other business plan, it consists of many short and long term goals and objectives covering many different projects. Some of the projects are conditional. They could be affected by the state of our industry, new technologies, changing industry sentiments, governmental rules and regulations, as well as DNotes’ success or lack of it. DNotes is actively managed as a technology entity, as well as a business entity. We treat this as a very serious real world business with the solid backings of our large stake holders who are firmly committed for the long haul.
To the best of my knowledge, our large stake holders are net buyers by a long shot. We could very well be the only group in the digital currency space that has never requested a single donation to fund any project and this practice will continue with increasing funding. This is a huge advantage over our industry peers. Consequently, DNotes can consistently operate from a position of strength, allowing the DNotes team to focus in executing strategic plans without having to disclose confidential projects in order to secure donations from the community. This is another significant DNotes difference that is underestimated by outsiders. We do not exploit our R&D (research and development) projects as a vehicle to pump and dump. They are always kept under wrap until the DNotes team is convinced that they ready for a solid launch.
DNotes core mission is to be one among a few that can survive the test of time in the increasingly crowded crypto currency space. We believe in quality, not quantity. The page count of this forum is a case in point, though I do like to see more participation from our community. We will continue to execute our strategic plans at the most optimal time and not yield to industry pressure.
At our current phrase, we will attempt to raise our profile by a notch or two. Gaining awareness and industry recognition is now among our top priorities. This will be approached from multiple fronts, including an earnest appeal to our community to participate more actively. Visit this forum more often and participate to the best you. Digital currency is here to stay. Start reaching out to friends and family. Encourage them to start a digital currency saving account. If need be, help them to set up a trading account and give them a few DNotes to get started. Don’t forget that one of our core missions through Cryptomoms is to encourage and assist women to participate in the cryptocurrency world. If you want to come up with your own giveaway programs and can use some help, PM me with a specific plan. I will personally make a contribution of DNotes to support your efforts. DNotes is becoming more valuable and harder to come by.
Now my predictions:
1. DNotes will secure a sustainable market cap top 50s position before the end of 2014 with a trading range of 800 to 1,200 Satoshi.
2. DNotes will be listed on Mintpal and at least two other exchanges in 2014.
3. DNotes will announce and implement a pilot project, incorporating elements that essential to achieve mainstream merchant account adoption of digital currency in 2014.
4. DNotes will launch two projects of significance before the end of 2014.
5. By the year 2020, DNotes core supporters will own a fully regulated exchange dedicated to trading DNotes and a few selected digital and fiat currencies, a mutual fund, a venture capital fund, a bank, and some forms digital debit and credit card services. These are all part of our long term plan to ensure that “DNotes is the Digital currency of the Future with Lasting Value.”
This is just a small of sample, in an effort to answer your questions. The challenges in an increasingly crowded and chaotic cryptocurrency space, packed false claims, misguided directions and ferocious spreading of FUD (fear, uncertainty, doubt) will make it increasing unlikely that many of the market cap 300 plus today will survive beyond their next anniversary. This will take much more than announcing prematurely, perhaps even misleadingly, the next killer apps or “military strength” security and privacy features. It takes a clear understanding from both the micro, and macro prospective of what a highly successful digital currency needs to be five years from now, when digital currency reaches mainstream adoption as a medium of exchange in global commerce. The DNotes team believes that we need to take a system approach to solving this very complex challenge.
What is a system approach? (To be continued.)
Amazeballs.
I mean, I see soooo many other forums where everyone is searching for the dev, wondering why pools aren't working, or the fork didn't go well, or where the IPO funds are, etc. etc. etc.
Stakeholders here ask a question, and receive a World Class response about the nature of cryptos generally, and DNotes specifically. The above bullets are super exciting, and come from a great top level understanding of what this Brave New (Crypto) World is going to look like.
To paraphrase Gretzky, you have to skate to where the puck is going, not to where it is now. Strategically approaching innovative technology markets requires the same kind of visionary foresight. What does the world look like months and years hence when cryptos are a true means of global exchange and liquidity?
Here's Adam Smith on what has become known as the Invisible Hand:
"Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage indeed, and not that of society, which he has in view, but the study of his advantage naturally or rather necessarily leads him to prefer that employment which is most advantageous to society."This describes any market. What is DNotes core competency; its most "advantageous employment" for the crypto world? To me, it is stability.
I just made a big transaction with Bitcoin. And I had to pay 5% more BTC because I completed the transaction in the morning, rather than the evening before. You ever seen the dollar move 5% in a day? Maybe Venezuela's Bolivar Fuerte or the Belarusian Ruble, but not the Dollar. It's stability and the asset base (the US) behind it which allows for such is the reason it's the reserve currency of the world.
We don't have to be the Dollar. That is BTC/LTC's job. But this is a world where multiple mediums of exchange work well. I have confidence in keeping Canadian Dollars and Euros for savings, just as I would for USD. The same goes for cryptos.
By focusing our core onto steady growth, building asset bases, and price stability....this is absolutely the best way for us to do our bit to force the Invisible Hand of the Crypto Market onwards and upwards.The creators of this coin are on point in thinking as they do about building coin with lasting value. There is an intellectual heft to the plans behind this coin, and that's awesome.
I mean, would I be quoting Adam Smith in a thread about Sexcoin or Potcoin? I doubt it, lol.