[ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 83.

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: IMZ on January 11, 2016, 03:49:29 AM

'Facing huge costs, companies cannot simply shut off projects. So the excess could take years to work through.'

Hey, Dyna. Sorry to be that guy: beyond all you mentioned, debt is a far far far larger problem. For example, it's not just that these companies will shut down, but that their defaults on their debt -- junk quality -- will set off exactly the same sort of melt down that was GFC One.

I've been staring at the screen for eight years now: the amount is unpayable, and the abysmal quality could spark a collapse any second now.

And the 'MSM' lies through its teeth. For example, the boom in U.S. auto sales is always being counted as a minor proof of recovery. Actually, it's a debt-bubble disaster: if you can fog a mirror, they'll sign you up for a long and expensive loan on a new unit they couldn't otherwise sell unless Martians with gold bullion hove in sight.

[ I recall reading this when it came out: http://www.reuters.com/article/us-usa-comptroller-resignation-idUSN1559692520080215 ]

Mark (IndiaMikeZulu), Australia

I agree, Mark. Unlike the 2008 global financial crises, it could be much more complicated this time around. It was sad, but easier, for people to hand over their keys, and walked away from their homes. There will be some of that too. But most concerning are the massive number of highly leveraged projects that had rosy projections when money was cheap and the price of commodities was high. Banks and other lenders will be taking many serious blows and many jobs will be lost. For sure it will take many years to iron out.

IMZ

legendary

Activity: 1498

Merit: 1000

'Facing huge costs, companies cannot simply shut off projects. So the excess could take years to work through.'

Hey, Dyna. Sorry to be that guy: beyond all you mentioned, debt is a far far far larger problem. For example, it's not just that these companies will shut down, but that their defaults on their debt -- junk quality -- will set off exactly the same sort of melt down that was GFC One.

I've been staring at the screen for eight years now: the amount is unpayable, and the abysmal quality could spark a collapse any second now.

And the 'MSM' lies through its teeth. For example, the boom in U.S. auto sales is always being counted as a minor proof of recovery. Actually, it's a debt-bubble disaster: if you can fog a mirror, they'll sign you up for a long and expensive loan on a new unit they couldn't otherwise sell unless Martians with gold bullion hove in sight.

[ I recall reading this when it came out: http://www.reuters.com/article/us-usa-comptroller-resignation-idUSN1559692520080215 ]

Mark (IndiaMikeZulu), Australia

Dyna

legendary

Activity: 1610

Merit: 1060

When it comes to the economy, I don’t normally like to sound the alarm, since there are so many other people smarter than me on this subject. It is becoming very concerning

"For years, China voraciously gobbled up all manner of metals, crops and fuels as its economy rapidly expanded. Countries and companies, fuelled by cheap debt, aggressively broadened their operations, betting that China's appetite would grow unabated."

Now everything has changed.

China's economy is slumping. US companies, struggling to pay their debts as interest rates rise, must keep producing. All the excess is crushing prices, hurting commodity-dependent economies across emerging markets like Brazil and Venezuela and developed countries like Australia and Canada.
The geopolitical and financial consequences of this shift have shaken investor confidence. Concerns over global growth intensified in recent days, when weakness in China prompted a stock sell-off around the world.

The commodities hangover, the dark side of a decade's long boom, could last for a while.
Multibillion-dollar investment decisions made years ago on big projects, like the oil sands fields in Canada and iron ore mines in West Africa, are just getting up and running. Facing huge costs, companies cannot simply shut off projects. So the excess could take years to work through.

The flood of raw materials is pressuring prices, prompting a painful shakeout. Oil companies have laid off an estimated 250,000 workers worldwide. Alpha Natural Resources and other US coal mining companies have filed for bankruptcy protection.
Saudi Arabia, a giant energy economy, has had to tap the credit markets as its financial reserves dwindle. Venezuela, an oil-rich nation that went on a spending spree, is struggling to meet $US10 billion ($14.2 billion) in debt obligations this year, since 95 per cent of export earnings depend on crude oil.

Read More:

http://www.afr.com/markets/commodities/commodity-prices-slip-anew-after-worst-year-since-financial-crisis-20160110-gm30wk

Jan 11 2016 at 8:32 AM
by Clifford Krauss

CryptoBroker79

hero member

Activity: 493

Merit: 500

Quote from: DNotes on January 10, 2016, 06:18:22 PM

Quote from: CryptoBroker79 on January 10, 2016, 05:51:58 PM

Quote from: DNotes on January 07, 2016, 10:06:00 AM

http://dcebrief.com/dnotes-2015-year-in-review/

Is there any way we could get this article translated to keep our international, non english community in the loop? It's a very good article and many may appreciate it. This would also be a great way to gain some momentum for the translated DNotes threads on Bitcointalk.

Translation costs are pretty high, most services charge around $50 to translate 500 words into another language, so even the top 5 languages would be a good amount of money. I've been giving this a lot of thought though in general for DCEBrief, having a section on the site for each language and subverting the cost by allowing the translators to have their own ads on the site.

That would be a very good deal for translators.

As I've learned over the past couple years, effective advertising by today's standards isn't cheap or easy. A barter type system, such as the one you suggested, would be highly beneficial to people who can't afford advertising, and it would give them incentive to drive extra traffic to that specific page.

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Quote from: CryptoBroker79 on January 10, 2016, 05:51:58 PM

Quote from: DNotes on January 07, 2016, 10:06:00 AM

http://dcebrief.com/dnotes-2015-year-in-review/

Is there any way we could get this article translated to keep our international, non english community in the loop? It's a very good article and many may appreciate it. This would also be a great way to gain some momentum for the translated DNotes threads on Bitcointalk.

Translation costs are pretty high, most services charge around $50 to translate 500 words into another language, so even the top 5 languages would be a good amount of money. I've been giving this a lot of thought though in general for DCEBrief, having a section on the site for each language and subverting the cost by allowing the translators to have their own ads on the site.

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Quote from: wargo on January 10, 2016, 05:06:33 PM

Planning to delisting from http://pool.e-waluty.net.pl/ due to low interest.

I understand wargo. Pools in general seem to be having trouble competing in the altcoin industry. Have you considered multipool options?

CryptoBroker79

hero member

Activity: 493

Merit: 500

Quote from: DNotes on January 07, 2016, 10:06:00 AM

http://dcebrief.com/dnotes-2015-year-in-review/

Is there any way we could get this article translated to keep our international, non english community in the loop? It's a very good article and many may appreciate it. This would also be a great way to gain some momentum for the translated DNotes threads on Bitcointalk.

CryptoBroker79

hero member

Activity: 493

Merit: 500

Quote from: wargo on January 10, 2016, 05:06:33 PM

Planning to delisting from http://pool.e-waluty.net.pl/ due to low interest.

All coins on the pool? It doesn't seem as though there is interest in any.

wargo

sr. member

Activity: 486

Merit: 250

Technician

Planning to delisting from http://pool.e-waluty.net.pl/ due to low interest.

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Quote from: Chase on January 10, 2016, 01:37:15 PM

Quote from: Dyna on January 10, 2016, 12:40:26 PM

Quote from: tittiecoiner on January 10, 2016, 04:59:41 AM

Quote from: Dyna on January 10, 2016, 12:04:40 AM

RJF, it is frustrating and I know that you have been one of their staunchest supporters and defenders. No matter what their issues are, there are always multiple options to solve those problems. Not communicating with their customers is probable the worst of all options.

I couldn't agree more with you. Cryptsy was a good exchange but always provided poor support. As a user, I always felt like: We don't need you, we don't care if you are satisfied or not.

Not sure how serious the first statement is...

As an update, I successfully withdrew 20,000 DNotes from Cryptsy an hour ago. It was blazing fast and reached destination without a glitch. Go figure. Could it be a case of selective technical interference for unknown reasons? Frustrating! This is not good for our industry, especially for those that are only listed on Cryptsy. Get the word out, I will be interested to consider participating in an opportunity to save Cryptsy, should it come to that.

"Get the word out, I will be interested to consider participating in an opportunity to save Cryptsy, should it come to that."

That would be an amazing boost for the industry - the last thing we need is another major exchange going down.

Cryptsy needs a do-over and the king needs to be removed from his throne. They need someone with good business sense and excellent customer service running things.

I've always liked Cryptsy, and they seemed to have been going in the right direction regulation wise but the recent show of improper public relations, support, and just plain old communication is frustrating. It would be a shame to see an exchange that once had a huge following go down hill.

Chase

legendary

Activity: 1638

Merit: 1005

Quote from: Dyna on January 10, 2016, 12:40:26 PM

Quote from: tittiecoiner on January 10, 2016, 04:59:41 AM

Quote from: Dyna on January 10, 2016, 12:04:40 AM

RJF, it is frustrating and I know that you have been one of their staunchest supporters and defenders. No matter what their issues are, there are always multiple options to solve those problems. Not communicating with their customers is probable the worst of all options.

I couldn't agree more with you. Cryptsy was a good exchange but always provided poor support. As a user, I always felt like: We don't need you, we don't care if you are satisfied or not.

Not sure how serious the first statement is...

As an update, I successfully withdrew 20,000 DNotes from Cryptsy an hour ago. It was blazing fast and reached destination without a glitch. Go figure. Could it be a case of selective technical interference for unknown reasons? Frustrating! This is not good for our industry, especially for those that are only listed on Cryptsy. Get the word out, I will be interested to consider participating in an opportunity to save Cryptsy, should it come to that.

"Get the word out, I will be interested to consider participating in an opportunity to save Cryptsy, should it come to that."

That would be an amazing boost for the industry - the last thing we need is another major exchange going down.

Cryptsy needs a do-over and the king needs to be removed from his throne. They need someone with good business sense and excellent customer service running things.

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: Chase on January 10, 2016, 12:38:27 PM

Quote from: DNotes on January 10, 2016, 11:46:45 AM

Just a side note, we were going to include something about this https://www.cryptocoinsnews.com/crowdsale-set-jan-18-pinkcoin-first-diamond-backed-cryptocurrency/ in the DC recap, however researching it led to more questions than answers. It doesn't seem as there is any discussion the name and the original pinkcoin created in 2014?

Definitely not the same coin.

This sounds very impressive:

"BitGem Asset Management Ltd. (BAM) and its parent company, Precious Investments Inc., will launch a crowdsale for what they call the first diamond-backed cryptocurrency, PinkCoin, an Ethereum-based cryptocurrency backed by a pool of fixed-colored diamond assets. The crowd sale begins on Jan. 18, 2016 at 9 a.m. The escrowed diamonds are insured by Lloyds of London and have been independently appraised."

However, this does not:

"Precious Investments Inc. trades on OTC Markets under the symbol PNIK."

Nor does this:

"On 12/11/2015, Precious Investments, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC."

"On 10/27/2015, Precious Investments, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC."

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12216889

It may be perfectly legit, but I would do a LOT of research before investing (which is kind of difficult because I couldn't find anything either on the NEW 'Pink coin'). Huh

I agree. It sounds impressive, but unless it has been well vetted, I would be cautious, especially as an investor.

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: tittiecoiner on January 10, 2016, 04:59:41 AM

Quote from: Dyna on January 10, 2016, 12:04:40 AM

RJF, it is frustrating and I know that you have been one of their staunchest supporters and defenders. No matter what their issues are, there are always multiple options to solve those problems. Not communicating with their customers is probable the worst of all options.

I couldn't agree more with you. Cryptsy was a good exchange but always provided poor support. As a user, I always felt like: We don't need you, we don't care if you are satisfied or not.

Not sure how serious the first statement is...

As an update, I successfully withdrew 20,000 DNotes from Cryptsy an hour ago. It was blazing fast and reached destination without a glitch. Go figure. Could it be a case of selective technical interference for unknown reasons? Frustrating! This is not good for our industry, especially for those that are only listed on Cryptsy. Get the word out, I will be interested to consider participating in an opportunity to save Cryptsy, should it come to that.

Chase

legendary

Activity: 1638

Merit: 1005

Quote from: DNotes on January 10, 2016, 11:46:45 AM

Just a side note, we were going to include something about this https://www.cryptocoinsnews.com/crowdsale-set-jan-18-pinkcoin-first-diamond-backed-cryptocurrency/ in the DC recap, however researching it led to more questions than answers. It doesn't seem as there is any discussion the name and the original pinkcoin created in 2014?

Definitely not the same coin.

This sounds very impressive:

"BitGem Asset Management Ltd. (BAM) and its parent company, Precious Investments Inc., will launch a crowdsale for what they call the first diamond-backed cryptocurrency, PinkCoin, an Ethereum-based cryptocurrency backed by a pool of fixed-colored diamond assets. The crowd sale begins on Jan. 18, 2016 at 9 a.m. The escrowed diamonds are insured by Lloyds of London and have been independently appraised."

However, this does not:

"Precious Investments Inc. trades on OTC Markets under the symbol PNIK."

Nor does this:

"On 12/11/2015, Precious Investments, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC."

"On 10/27/2015, Precious Investments, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC."

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12216889

It may be perfectly legit, but I would do a LOT of research before investing (which is kind of difficult because I couldn't find anything either on the NEW 'Pink coin'). Huh

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Just a side note, we were going to include something about this https://www.cryptocoinsnews.com/crowdsale-set-jan-18-pinkcoin-first-diamond-backed-cryptocurrency/ in the DC recap, however researching it led to more questions than answers. It doesn't seem as there is any discussion the name and the original pinkcoin created in 2014?

DNotes

legendary

Activity: 1932

Merit: 1111

DNotes

Digital Currency Weekly Recap 1-10-2016

Germany Considers Digital Currency Controls to Counter Terror Financing.
Universities Working to Meet Crypto Industry Talent Needs.
Lithuania to Host 2016 Bitcoin Conference.

http://dcebrief.com/digital-currency-weekly-recap-1-10-2016/

Dyna

legendary

Activity: 1610

Merit: 1060

Quote from: SmokeysGardens on January 10, 2016, 09:44:54 AM

Quote from: RaginglikeaBoss on January 10, 2016, 12:06:19 AM

Quote from: SmokeysGardens on January 09, 2016, 08:49:05 PM

Quote from: Dyna on January 09, 2016, 09:35:58 AM

Quote from: infovortice2013 on January 09, 2016, 08:22:15 AM

http://bitcoinist.net/cryptsy-has-moved-out-of-their-building-unannounced-nowhere-to-be-found/

crytsy has changed his SSL conection from bank security to 7$ month

boh lots of bad rumors over cryptsy this last two weeks

i really think dogecoin is raising because all people is going out cryptsy using doges

--- just for share lastest news-rumors

will be so bad some people eats dnotes funds there

What has been going on at Cryptsy is quite unfortunate. It is hard enough to build a successful business. Letting it go down through neglect, after being quite successful for a while, is hard to understand.

DNotes' volume on Cryptsy is still quite high. I suspect that a lot of DNotes from multi-pools are still being sold through Cryptsy.

It still amazes me. As a lifelong business owner and entrepreneur, I simply do not understand this industry. 90% of them seen to be either scams or so poorly run it is laughable.

Smokey

Most "owners" are 15 year-olds living with mom.

That does explain a lot, BUT.....when I was 15, I was running TWO businesses already! I dunno if they were REALLY businesses, but, I had "employees", (a couple of buddies who had their driver's license already), "equipment" (an old ton truck, some ladders and roof pics), and a "marketing plan". I painted houses, and would clean up metal "junkpiles" (for free!). I actually feel lucky, Alan was growing up on the other side of the world, farming with water buffalo. At least I had a truck, running water and electricity! If we would have had internet back then, Bill Gates would have been my butler, and Steve Jobs may have been gardener!

Smokey

Not everyone was born with a silver spoon in the mouth. I always had the attitude that it is not where you are now, but where you are going from here that matters. The past is history. Always focus on your next move, but be sure you know where to want to go.

DNotes has been a lot about strategic positioning and adapting to industry changes and other challenges, of which we have little control, like the Cryptsy situation. What is important is that, irrespective of industry set-backs, we are always advancing and continued to get a little closer to our ultimate destination of DNotes being the trusted digital currency for everyone worldwide to participate so that it becomes a viable option to supplement global fiat currencies. It may take decades but that is our vision and we are committed to our missions as reflected in the constant expansion of our ecosystems. That is how we are building DNotes as the digital currency with a purpose.

SmokeysGardens

full member

Activity: 157

Merit: 100

Quote from: RaginglikeaBoss on January 10, 2016, 12:06:19 AM

Quote from: SmokeysGardens on January 09, 2016, 08:49:05 PM

Quote from: Dyna on January 09, 2016, 09:35:58 AM

Quote from: infovortice2013 on January 09, 2016, 08:22:15 AM

http://bitcoinist.net/cryptsy-has-moved-out-of-their-building-unannounced-nowhere-to-be-found/

crytsy has changed his SSL conection from bank security to 7$ month

boh lots of bad rumors over cryptsy this last two weeks

i really think dogecoin is raising because all people is going out cryptsy using doges

--- just for share lastest news-rumors

will be so bad some people eats dnotes funds there

What has been going on at Cryptsy is quite unfortunate. It is hard enough to build a successful business. Letting it go down through neglect, after being quite successful for a while, is hard to understand.

DNotes' volume on Cryptsy is still quite high. I suspect that a lot of DNotes from multi-pools are still being sold through Cryptsy.

It still amazes me. As a lifelong business owner and entrepreneur, I simply do not understand this industry. 90% of them seen to be either scams or so poorly run it is laughable.

Smokey

Most "owners" are 15 year-olds living with mom.

That does explain a lot, BUT.....when I was 15, I was running TWO businesses already! I dunno if they were REALLY businesses, but, I had "employees", (a couple of buddies who had their driver's license already), "equipment" (an old ton truck, some ladders and roof pics), and a "marketing plan". I painted houses, and would clean up metal "junkpiles" (for free!). I actually feel lucky, Alan was growing up on the other side of the world, farming with water buffalo. At least I had a truck, running water and electricity! If we would have had internet back then, Bill Gates would have been my butler, and Steve Jobs may have been gardener!

Smokey

tittiecoiner

full member

Activity: 224

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: Dyna on January 10, 2016, 12:04:40 AM

RJF, it is frustrating and I know that you have been one of their staunchest supporters and defenders. No matter what their issues are, there are always multiple options to solve those problems. Not communicating with their customers is probable the worst of all options.

I couldn't agree more with you. Cryptsy was a good exchange but always provided poor support. As a user, I always felt like: We don't need you, we don't care if you are satisfied or not.

Not sure how serious the first statement is...

RaginglikeaBoss

sr. member

Activity: 302

Merit: 250

Never before 11 P.M.

Quote from: SmokeysGardens on January 09, 2016, 08:49:05 PM

Quote from: Dyna on January 09, 2016, 09:35:58 AM

Quote from: infovortice2013 on January 09, 2016, 08:22:15 AM

http://bitcoinist.net/cryptsy-has-moved-out-of-their-building-unannounced-nowhere-to-be-found/

crytsy has changed his SSL conection from bank security to 7$ month

boh lots of bad rumors over cryptsy this last two weeks

i really think dogecoin is raising because all people is going out cryptsy using doges

--- just for share lastest news-rumors

will be so bad some people eats dnotes funds there

What has been going on at Cryptsy is quite unfortunate. It is hard enough to build a successful business. Letting it go down through neglect, after being quite successful for a while, is hard to understand.

DNotes' volume on Cryptsy is still quite high. I suspect that a lot of DNotes from multi-pools are still being sold through Cryptsy.

It still amazes me. As a lifelong business owner and entrepreneur, I simply do not understand this industry. 90% of them seen to be either scams or so poorly run it is laughable.

Smokey

Most "owners" are 15 year-olds living with mom.

Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 83. (Read 814539 times)