Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 78. (Read 814547 times)

Digital Currency Weekly Recap 1-17-2016

Cryptsy: Hacker Theft Stole Millions; Bankruptcy Now an Option.
When it Rains, It Pours: Cryptsy Facing Class Action Suit.
MintChip Acquired by nanoPay.
CoinDesk Acquired by Digital Currency Group.
Emercoin Transaction Optimizer Reducing Blockchain Size.
US Government-Funded RAND Research Examines Strategies for Disrupting Digital Currency.

http://dcebrief.com/digital-currency-weekly-recap-1-17-2016/

Thanks RJF, those are good points and we appreciate the support. I agree POW is the most stable and proven at this point. There are lots of interesting variations out there, and I'm sure there are more coming.

FYI, Diamond (DMD) uses a hybrid POW/POS system, and they at least believe that it keeps the network more secure than if they used either one or the other. Last night there was a fork in one or more of the mining pools, but it didn't seem to affect the majority of the network. That's the extent of what I know about it, but might be worth checking out as a case study. I also happen to personally believe it's a good coin. It uses the Groestl algorithm.

I see it a bit differently. I don't mine for the short term, I mine for the long term. Even if the coin/value/power cost ratios are upside down, if I have determined a particular currency, like DNotes, will greatly increase in value in the long run, I'll mine it. Yes, sometimes it's cheaper to just buy it but, that doesn't help the coin or it's perception of value to the public and interested investors. If I choose to invest, I also choose to help out. One way to do that is by mining.

I have investigated many coins over the last several years and the first place I go are the forums. I can't tell you how many potential investments I have turned away from by scanning a forum. Yes, I know there is a lot of BS but, there is also a lot of truth. Constant complaints about stuck blockchains and lack of miners is an immediate signal to move on. The only way to keep a POW coin healthy is to mine it. And as for POS, the jury is still out but, most people are admitting pure POS is unsustainable in the long run. Various versions and hybrids of POW/POS are being tried but, as I said, no verdict yet.

So, if you can hang in there great! You will be glad you did in the future. If no, no problem, I know what its like to scramble to pay the bills, no shame there.

Good point. I wasn't paying much attention to volume. Maybe it was me that did it

The volume is still very low. So I won't not read too much into it. It does not take much for the price to shoot back up.

Let's collate all this info. (Yeh, location and laws: good idea!)

DNotes seems to be on its way back up. I'm not sure what exactly happened to drop it to the 3 digits, but I'm sure glad I bought some on that dip.

That is good to know. I like management that is responsive and customer service oriented. We can use more of that in our industry.

"Overnight. Alt-cap-to-Btc-cap hit 10%." Wow, that is impressive!

The first thing I look for in an exchange now is verifiable company information, where they are located, and roughly what the laws there are like. Then I will look for information about the owners, can I find information on them, what background do they have, can I find a way to contact them.

Wham! Overnight. Alt-cap-to-Btc-cap hit 10%.

And . . .

A Keepin' an Eye on Exchanges member or group would be a sound investment. My mob has been guilty of just signing up to an exchange, and then depositing coin on it.

For example, although I've been using A Certain Exchange for six months or more, I only just found out, quite by accident, that its Support Desk is inactive, and it has no mods in its troll box. Wow! How dumb am I?

At very least, let's compile a Pre-Use Checklist for Exchanges. One item should be, IMHO, getting a reply from the Support Desk; and is it 'copy and paste'? a la Cryptsy? or is it 'person-to-person'?

[I recently had cause to contact Gatecoin. Wow! Got a reply from the co-founder! That's good business.]

You can also contact yaamp, he was very friendly and replied all questions very detailed.
https://bitcointalksearch.org/topic/annexchange-safecexcom-yet-another-anonymous-cryptocoin-exchange-1325370

Thank you, tittiecoiner. SafeCex has a good idea. I am always in favor of giving everyone a chance. It is good to know that hashpower.co Multipool is involved to sell/trade mined coins. I just registered and voted. So there are now two (2) votes for NOTE. As always your support is very much appreciated.

The book is shaping up very well but it is much more demanding than I expected. It has certainly taken a lot more time than I allocated. Hopefully, a completed copy will be ready for comprehensive editing in March. I am very confident that it will be a great book for small business owners and start-ups.

More than 50% of start-ups failed within the first 2 to 5 years, depending on the industry and survey report, including SBA. Some reported as high as 80%. There many reasons why business failed. The book is written to inspire the principal owner, founder or leader of the company to create culture excellence and leadership replicated down to the lowest level. It focuses on the four pillars of business success - you, employees, products, and customers. There is one chapter about the DNotes story. This is another reason why I believe that DNotes is significantly undervalued. Investors have a tendency to over shoot both on the upside and the down side.

 

We probably need a good replacement for Cryptsy. I'll take a look at these guys and see if I can find information on their company.

Although NOTE is already listed on many exchanges, I'd like to suggest SafeCex as Cryptsy replacement. It's a new exchange, the former operator of yaamp mining pool in involved. They want to provide a new "home" for PoW and Cryptsy-only coins, hashpower.co Multipool will be connected to sell/trade mined coins. I think it's worth giving these guys a try.

Register and vote for NOTE
http://safecex.com/coin/add?q=NOTE

I'm sure it will pick back up, especially when the company and book are live. But yes, I agree wiser, it's a great time to increase your DNotes reserves, wish I had the extra money to invest at this time.

I appreciate your frustration kold, we feel it as well. On the bright side, you should be able to acquire more DNotes when mining at a lower market price as the price and hashrate reach equilibrium.

For now the only option we have is to put our nose to the grindstone. We have a plan and working furiously to execute it while maintaining everything we have built.

We appreciate everyone who has stuck with us this long, I find it inspiring in this industry and age of instant gratification that we have so many long term stake holders and supporters willing to stick it out. The DNotesVault is a shining example of just how much faith everyone has placed in DNotes, currently holding almost 20m DNotes in users accounts.

It would stink to be mining DNotes right now if you have to sell some off to pay the power bill. Right now I'm sure it's way cheaper for you to just buy DNotes off the exchanges. Might want to turn your rigs off until the price gets better.

In the mean time, FANTASTIC DNotes buying opportunity. Working on a purchase order right now

Still mining and holding but feeling a little under the weather when i see us go from an average of 5k sat to now sub 1k and falling... mining these is now just killing my power bill is there any thoughts on forking Dnotes to a pos system .. as i watch ETH moving to take bitcoins spot and give the top 1 percent the ability to take over the digital age of money its very disheartening. Bill Gates and there cronies shouldn't be able to run the new age monetary system.. sorry if i sound off ,but all i have done pretty much since dnotes came out was mine it so i kinda have pretty much all my eggs in one basket. I even got my dad on board for the last 10 months and now hes starting to come down on me so no pressure lol.

Thanks for all the hard work though everyone i know this isn't the outcome any of you have been looking for. 

Thank you, RJF. That is a very good long term prospective of how technology evolves. To be successful, it is not necessary be the first person who came up with the idea and turned it into a product or service. Ford Model T. has evolved thousands of times into the huge selections of cars we have today. Two classic yellow daylily plants known to be purposely cross pollenated in the early 1950's has led to over 80,000 registered cultivars with an array of stunning colors. Smokeys Gardens alone has created thousands of new flowers. One day when I have more time, some of them will be registered and made available for sale.

Indeed, we all react to things differently; ranging from no reaction, threats or opportunities. Innovators and true entrepreneurs see imperfections and problems as opportunities. Often the bigger the problem, the greater the opportunity. I see Bitcoin as an amazing innovation with positive world changing implications. A few may agree with me but we all are seeing that, like Ford Model T, it is imperfect and much can be improved. DNotes is currently at the problem solving stage; the most boring of all to spectators. It is hard to see value when one can not envision what we are doing. Building the right infrastructure is hard work, time consuming and expensive. But to the outsiders, it may not even be worth the scrape value.

Bitcoin and the blockchain technology can be drastically improved and taken to a much higher level to the extend that it meets the full functions of money and subsequently be superior to money. That is DNotes long term vision and everything that we are doing are strategically aligned towards reaching that goal. We strongly believe this is the right approach to fully exploit a rare and historic innovation. We see the full value of the whole package and committed to make it a lot better one day. Others, like the bankers may think that a stripped down version is good enough. They are right. Even a stripped version is a great improvement over their current inefficient outdated system.