Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 62. (Read 814553 times)
February 07, 2016, 12:08:36 AM
Alt-cap-to-Btc-cap ratio has snuck over 13%
February 06, 2016, 09:06:33 PM
A fair bit of this article is similar to what we have read in many other articles but there was one part of it that caught my attention. Perhaps cryptocurrency's 'concept of divisibility' needs an education push??
Why Bitcoin Looked Much More Grown Up This week
"The concept of divisibility was so alien that many people couldn’t grasp the idea despite its basic simplicity. Instead of issuing more coins as the global economy grew, the idea was, why not simply use smaller and smaller fractions of the existing coins? That solved the issue presented by growth while increasing the value of the existing currency of savers."
Read more: http://www.nasdaq.com/article/why-bitcoin-looked-much-more-grown-up-this-week-cm574995#ixzz3zPIA5I6V
I think that's a good idea Chase. The whole concept of money as we know it will change as cryptocurrency becomes more and more widespread. The world simply isn't used to decimals beyond the hundredth, never mind hundred millionths. Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle. We can certainly lay out the methodology behind it though.
"Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle." I guess we would have to wait a while to see where it settles, and when the time is right, it may be easier for people to start wrapping their head around it if it followed a metric prefix (or something similar?).
A lot of people may struggle with the 8th decimal place in currency because they are not used to it, but even more will be wondering why we even need it. If they could comprehend the fact that dividing existing currency into smaller units as needed instead of the government printing off currency on a whim, would protect their wealth, they may come to realize that this is a really good thing.
Is it a fair assumption to say that everyone in cryptocurrency is probably good at math, so decimals are not an issue here?
Lol, that is probably true, and here people have a vested interest in learning and adapting to it. Either way, it will make a great topic to cover, and has the potential to relieve some of the fear of cryptocurrency.
February 06, 2016, 08:08:13 PM
A fair bit of this article is similar to what we have read in many other articles but there was one part of it that caught my attention. Perhaps cryptocurrency's 'concept of divisibility' needs an education push??
Why Bitcoin Looked Much More Grown Up This week
"The concept of divisibility was so alien that many people couldn’t grasp the idea despite its basic simplicity. Instead of issuing more coins as the global economy grew, the idea was, why not simply use smaller and smaller fractions of the existing coins? That solved the issue presented by growth while increasing the value of the existing currency of savers."
Read more: http://www.nasdaq.com/article/why-bitcoin-looked-much-more-grown-up-this-week-cm574995#ixzz3zPIA5I6V
I think that's a good idea Chase. The whole concept of money as we know it will change as cryptocurrency becomes more and more widespread. The world simply isn't used to decimals beyond the hundredth, never mind hundred millionths. Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle. We can certainly lay out the methodology behind it though.
"Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle." I guess we would have to wait a while to see where it settles, and when the time is right, it may be easier for people to start wrapping their head around it if it followed a metric prefix (or something similar?).
A lot of people may struggle with the 8th decimal place in currency because they are not used to it, but even more will be wondering why we even need it. If they could comprehend the fact that dividing existing currency into smaller units as needed instead of the government printing off currency on a whim, would protect their wealth, they may come to realize that this is a really good thing.
Is it a fair assumption to say that everyone in cryptocurrency is probably good at math, so decimals are not an issue here?
February 06, 2016, 02:39:55 PM
I'm with you, 8th decimals isn't bad to adapt to. Though it bothers me when the trailing 0's is missing, then I have to actually count each character behind the decimal. When I quickly glance I wants to see all 8 positions. Either that or work without any decimal at all, but then we have to talk about very large numbers, until it actually reaches whole bitcoin numbers.
Yes, those trailing zeroes are necessary, for position. So if you have 15000 satoshis, I want to see 0.00015000 BTC.
February 06, 2016, 02:09:02 PM
A fair bit of this article is similar to what we have read in many other articles but there was one part of it that caught my attention. Perhaps cryptocurrency's 'concept of divisibility' needs an education push??
Why Bitcoin Looked Much More Grown Up This week
"The concept of divisibility was so alien that many people couldn’t grasp the idea despite its basic simplicity. Instead of issuing more coins as the global economy grew, the idea was, why not simply use smaller and smaller fractions of the existing coins? That solved the issue presented by growth while increasing the value of the existing currency of savers."
Read more: http://www.nasdaq.com/article/why-bitcoin-looked-much-more-grown-up-this-week-cm574995#ixzz3zPIA5I6V
I think that's a good idea Chase. The whole concept of money as we know it will change as cryptocurrency becomes more and more widespread. The world simply isn't used to decimals beyond the hundredth, never mind hundred millionths. Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle. We can certainly lay out the methodology behind it though.
I adjusted really fast to 8th place decimals, but maybe I'm just weird. For whatever reason, though, I can only deal with units of Bitcoin (with all the decimals) or satoshi. But mBTC or uBTC I have to really think about. That's so far the only thing I don't like about PayServices--is that they insist on converting all values to u(whatever the coin) is. I really do wish they'd just stick with units, or at least give us the choice for how our currencies are displayed.
I'm with you, 8th decimals isn't bad to adapt to. Though it bothers me when the trailing 0's is missing, then I have to actually count each character behind the decimal. When I quickly glance I wants to see all 8 positions. Either that or work without any decimal at all, but then we have to talk about very large numbers, until it actually reaches whole bitcoin numbers.
February 06, 2016, 01:58:43 PM
A fair bit of this article is similar to what we have read in many other articles but there was one part of it that caught my attention. Perhaps cryptocurrency's 'concept of divisibility' needs an education push??
Why Bitcoin Looked Much More Grown Up This week
"The concept of divisibility was so alien that many people couldn’t grasp the idea despite its basic simplicity. Instead of issuing more coins as the global economy grew, the idea was, why not simply use smaller and smaller fractions of the existing coins? That solved the issue presented by growth while increasing the value of the existing currency of savers."
Read more: http://www.nasdaq.com/article/why-bitcoin-looked-much-more-grown-up-this-week-cm574995#ixzz3zPIA5I6V
I think that's a good idea Chase. The whole concept of money as we know it will change as cryptocurrency becomes more and more widespread. The world simply isn't used to decimals beyond the hundredth, never mind hundred millionths. Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle. We can certainly lay out the methodology behind it though.
I adjusted really fast to 8th place decimals, but maybe I'm just weird. For whatever reason, though, I can only deal with units of Bitcoin (with all the decimals) or satoshi. But mBTC or uBTC I have to really think about. That's so far the only thing I don't like about PayServices--is that they insist on converting all values to u(whatever the coin) is. I really do wish they'd just stick with units, or at least give us the choice for how our currencies are displayed.
February 06, 2016, 12:51:58 PM
A fair bit of this article is similar to what we have read in many other articles but there was one part of it that caught my attention. Perhaps cryptocurrency's 'concept of divisibility' needs an education push??
Why Bitcoin Looked Much More Grown Up This week
"The concept of divisibility was so alien that many people couldn’t grasp the idea despite its basic simplicity. Instead of issuing more coins as the global economy grew, the idea was, why not simply use smaller and smaller fractions of the existing coins? That solved the issue presented by growth while increasing the value of the existing currency of savers."
Read more: http://www.nasdaq.com/article/why-bitcoin-looked-much-more-grown-up-this-week-cm574995#ixzz3zPIA5I6V
I think that's a good idea Chase. The whole concept of money as we know it will change as cryptocurrency becomes more and more widespread. The world simply isn't used to decimals beyond the hundredth, never mind hundred millionths. Moving the decimal point and renaming the unit seems like a good idea, for example DNotes price is 1247 satoshi, but I don't know where it will settle. We can certainly lay out the methodology behind it though.
February 06, 2016, 11:50:57 AM
A fair bit of this article is similar to what we have read in many other articles but there was one part of it that caught my attention. Perhaps cryptocurrency's 'concept of divisibility' needs an education push??
Why Bitcoin Looked Much More Grown Up This week
"The concept of divisibility was so alien that many people couldn’t grasp the idea despite its basic simplicity. Instead of issuing more coins as the global economy grew, the idea was, why not simply use smaller and smaller fractions of the existing coins? That solved the issue presented by growth while increasing the value of the existing currency of savers."
Read more: http://www.nasdaq.com/article/why-bitcoin-looked-much-more-grown-up-this-week-cm574995#ixzz3zPIA5I6V
February 06, 2016, 10:01:28 AM
Blockchain Weekly Recap 2-6-2016
UNICEF Innovation Fund to Invest in Blockchain Startups.
Equibit Secures $150,000 Closing Its Angel Funding Round.
Digital Asset Holdings Exceeds $60 Million in Funding Round.
Blockstream Series A Funding Hits $55 Million.
JPMorgan Chase Launches Blockchain Project Trial.
Identity Management Firm Cambridge Blockchain Wins Santander Competition Top Prize.
http://dcebrief.com/blockchain-weekly-recap-2-6-2016/
UNICEF Innovation Fund to Invest in Blockchain Startups.
Equibit Secures $150,000 Closing Its Angel Funding Round.
Digital Asset Holdings Exceeds $60 Million in Funding Round.
Blockstream Series A Funding Hits $55 Million.
JPMorgan Chase Launches Blockchain Project Trial.
Identity Management Firm Cambridge Blockchain Wins Santander Competition Top Prize.
http://dcebrief.com/blockchain-weekly-recap-2-6-2016/
February 06, 2016, 08:34:35 AM
Our industry will continue to bear the growing pain of setbacks as the technologies continue to evolve and advance. Those who lack the clear vision of true entrepreneurs will bear the bulk of the pain.
Successful entrepreneurs do not see setbacks as failures. They see setbacks as short-term problems needing solutions that can help them get back on track to their visions destination. People like Elon Musk and Bill Gates thrive on challenges, and never feel defeated for long. Every breakthrough solution to a problem gives them inspiration. It entrenches further their belief that their vision will be realized. Unforeseen problems and lost battles are not considered failures to such an individual. Where some people see failure, the budding entrepreneur will instead see a learned lesson that will help them to harness and create future success.
“Learned lessons are not free. The successful entrepreneur does not fail; the successful entrepreneur merely defers success until more time has passed.” - Alan Yong, February 2016
Successful entrepreneurs do not see setbacks as failures. They see setbacks as short-term problems needing solutions that can help them get back on track to their visions destination. People like Elon Musk and Bill Gates thrive on challenges, and never feel defeated for long. Every breakthrough solution to a problem gives them inspiration. It entrenches further their belief that their vision will be realized. Unforeseen problems and lost battles are not considered failures to such an individual. Where some people see failure, the budding entrepreneur will instead see a learned lesson that will help them to harness and create future success.
“Learned lessons are not free. The successful entrepreneur does not fail; the successful entrepreneur merely defers success until more time has passed.” - Alan Yong, February 2016
February 06, 2016, 05:38:52 AM
Wow, looks like they just added us.
Fairly popular exchange in the Philippines. http://www.alexa.com/siteinfo/safecex.com#trafficstats
Were we on a voting list or something or did they just add us?
Edit: Looks like they do have a voting list. One vote per account style.
Looks like DNotes is already listed. Just waiting for someone to support it.
February 05, 2016, 11:31:31 PM
Wow, looks like they just added us.
Fairly popular exchange in the Philippines. http://www.alexa.com/siteinfo/safecex.com#trafficstats
Were we on a voting list or something or did they just add us?
Edit: Looks like they do have a voting list. One vote per account style.
February 05, 2016, 10:43:31 PM
February 05, 2016, 06:17:53 PM
I am guilty of being attracted to the article at first because of its title, but it definitely has some good points.
CITI: The technology banks are going wild for could turn them into 'dumb pipes'
http://www.businessinsider.com/citi-blockchain-technology-could-turn-banks-to-dumb-pipes-2016-1
Competition for the banks will ultimately be a good thing. I tend to believe it is in the banks best interest to be involved in fintech.
Great article!
But Citi's third argument is that "banks benefit from a relatively strong track record of safekeeping assets, and therefore have earned a certain amount of trust and credibility." Given that banks are still fessing up to billion-pound fines almost weekly, the words "trust" and "credibility" are probably not the first you'd associate with large banks these days.
That was my first thought when I read that statement, they treat these fines as just part of the cost of doing business, instead of following the rules.
February 05, 2016, 05:32:04 PM
I am guilty of being attracted to the article at first because of its title, but it definitely has some good points.
CITI: The technology banks are going wild for could turn them into 'dumb pipes'
http://www.businessinsider.com/citi-blockchain-technology-could-turn-banks-to-dumb-pipes-2016-1
Competition for the banks will ultimately be a good thing. I tend to believe it is in the banks best interest to be involved in fintech.
February 05, 2016, 01:43:09 PM
I am guilty of being attracted to the article at first because of its title, but it definitely has some good points.
CITI: The technology banks are going wild for could turn them into 'dumb pipes'
http://www.businessinsider.com/citi-blockchain-technology-could-turn-banks-to-dumb-pipes-2016-1
February 05, 2016, 01:36:38 PM
This was an enjoyable read I bumped into this morning while browsing through the blockchain news, Why Bitcoin and Blockchain Are Just Getting Started.
Yes, there are significant technical and governance challenges for scaling bitcoin. The number of transactions the network can process today is far too low and the security and software development concentrated in too few hands. [...]
However, these challenges should be seen as symptoms of bitcoin’s amazing success to date rather than its imminent demise. In barely seven years of existence, bitcoin has moved from a fringe technology for libertarians and drug dealers to a commodity valued at over $5bn (with a 'B'), the basis of over $1bn in venture capital investment.[...]
Once you’ve seen the power of a peer-to-peer digital currency and permissionless payment network, it’s hard to unsee them. Bitcoin has opened our eyes and created new expectations for the ways we store and transfer value of all kinds.
While we believe in bitcoin specifically, we also see it as just one piece of a growing ecosystem of distributed systems, shared ledgers, and cryptographic technology which will have a profound impact on how we interact, transact, and communicate with each other.
[...]
Much like the evolution of the internet starting with TCP/IP protocols that have resulted in the web we use today, the revolutionary changes made possible by bitcoin and blockchain will likely take at least five to 10 years to begin to reach their potential.
Yes, there are significant technical and governance challenges for scaling bitcoin. The number of transactions the network can process today is far too low and the security and software development concentrated in too few hands. [...]
However, these challenges should be seen as symptoms of bitcoin’s amazing success to date rather than its imminent demise. In barely seven years of existence, bitcoin has moved from a fringe technology for libertarians and drug dealers to a commodity valued at over $5bn (with a 'B'), the basis of over $1bn in venture capital investment.[...]
Once you’ve seen the power of a peer-to-peer digital currency and permissionless payment network, it’s hard to unsee them. Bitcoin has opened our eyes and created new expectations for the ways we store and transfer value of all kinds.
While we believe in bitcoin specifically, we also see it as just one piece of a growing ecosystem of distributed systems, shared ledgers, and cryptographic technology which will have a profound impact on how we interact, transact, and communicate with each other.
[...]
Much like the evolution of the internet starting with TCP/IP protocols that have resulted in the web we use today, the revolutionary changes made possible by bitcoin and blockchain will likely take at least five to 10 years to begin to reach their potential.
Once you’ve seen the power of a peer-to-peer digital currency and permissionless payment network, it’s hard to unsee them. I love this statement - it will make a great quote!
February 05, 2016, 11:44:28 AM
This was an enjoyable read I bumped into this morning while browsing through the blockchain news, Why Bitcoin and Blockchain Are Just Getting Started.
Yes, there are significant technical and governance challenges for scaling bitcoin. The number of transactions the network can process today is far too low and the security and software development concentrated in too few hands. [...]
However, these challenges should be seen as symptoms of bitcoin’s amazing success to date rather than its imminent demise. In barely seven years of existence, bitcoin has moved from a fringe technology for libertarians and drug dealers to a commodity valued at over $5bn (with a 'B'), the basis of over $1bn in venture capital investment.[...]
Once you’ve seen the power of a peer-to-peer digital currency and permissionless payment network, it’s hard to unsee them. Bitcoin has opened our eyes and created new expectations for the ways we store and transfer value of all kinds.
While we believe in bitcoin specifically, we also see it as just one piece of a growing ecosystem of distributed systems, shared ledgers, and cryptographic technology which will have a profound impact on how we interact, transact, and communicate with each other.
[...]
Much like the evolution of the internet starting with TCP/IP protocols that have resulted in the web we use today, the revolutionary changes made possible by bitcoin and blockchain will likely take at least five to 10 years to begin to reach their potential.
Yes, there are significant technical and governance challenges for scaling bitcoin. The number of transactions the network can process today is far too low and the security and software development concentrated in too few hands. [...]
However, these challenges should be seen as symptoms of bitcoin’s amazing success to date rather than its imminent demise. In barely seven years of existence, bitcoin has moved from a fringe technology for libertarians and drug dealers to a commodity valued at over $5bn (with a 'B'), the basis of over $1bn in venture capital investment.[...]
Once you’ve seen the power of a peer-to-peer digital currency and permissionless payment network, it’s hard to unsee them. Bitcoin has opened our eyes and created new expectations for the ways we store and transfer value of all kinds.
While we believe in bitcoin specifically, we also see it as just one piece of a growing ecosystem of distributed systems, shared ledgers, and cryptographic technology which will have a profound impact on how we interact, transact, and communicate with each other.
[...]
Much like the evolution of the internet starting with TCP/IP protocols that have resulted in the web we use today, the revolutionary changes made possible by bitcoin and blockchain will likely take at least five to 10 years to begin to reach their potential.
February 05, 2016, 10:06:26 AM
Bitcoin Weekly Recap 2-5-2016
Rebit Partners with Pawn Network Cebuana Lhillier.
Tesla Purchased with Bitcoin in Finland.
SatoshiPay Announces Bitcoin Online Content Monetization Network.
Bitcoin Group Misses Funding Goal.
http://dcebrief.com/bitcoin-weekly-recap-2-5-2016/
Rebit Partners with Pawn Network Cebuana Lhillier.
Tesla Purchased with Bitcoin in Finland.
SatoshiPay Announces Bitcoin Online Content Monetization Network.
Bitcoin Group Misses Funding Goal.
http://dcebrief.com/bitcoin-weekly-recap-2-5-2016/
February 05, 2016, 08:18:17 AM
Just got off a call with Tim and his friend who as an active trader and well versed in bots. Thank you by the way Daniel, and Tim for setting it up. Although the Cryptocurrency markets are unlike any others, we were able to pick up a few things that could be of interest for our bot building program. They may require more advanced calculations, like CryptoBroker mentioned about the bands and x day moving average, but the bot building program can evolve over time and hopefully we can build useful tools for everyone while helping to meet DNotes long term goals.
It may be ages before my mob gets into bot-trading, but it’s fine to see so much happening in this community. Got a bot. Got a book forthcoming. Got discussion about P2P. Got Cryptomoms humming along. So many other cryptocurrency communities seem a little lackluster at present.
Mark (IndiaMikeZulu), Australia
Mark, we thank you for your support, trust, and confidence in DNotes and its communities. Your brief description of what is going on at DNotes is a reflection of our of multiple missions and strategic executions of wide ranging objectives to accomplish numerous goals as we seek to accomplish our long term vision of DNotes mass acceptance as a trusted global digital currency that everyone worldwide can participate and be commonly accepted as a supplement to fiat currency.
“It may be ages before my mob gets into bot-trading, but it’s fine to see so much happening in this community. Got a bot. Got a book forthcoming. Got discussion about P2P. Got Cryptomoms humming along. So many other cryptocurrency communities seem a little lackluster at present.” Mark
In view of our recognition that DNotes is participating in a massively disruptive and revolutionary technology, with world changing implications, we know that it is not easy for many people to understand or value what we are doing. Although the book is written to be a source of wisdom and inspiration for small business owners and startups, many readers will gain a significant understanding on why DNotes has been positioned and managed so differently. As we have said before – DNotes is managed as a business but not controlled as a business.
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