Good morning everyone. Just here briefly to say hello. My focus now is on our Reg. D 506 (c) funding. We are very close to filing our offering statements with the SEC and our Web Portal is almost ready for launch.
This is the next most significant project I am working on now. It will take a few months and I will be providing updates when appropriate. Please be reminded that this round is specifically for certified accredited investors. Circulation of documents is controlled, and time stamped with different levels of approval process.
I am not hopeful that DNotes will be listed on Cryptaldash as they have announced. Their change of mind to require 100 participants in their ICO is the deal breaker. It’s unfortunate but we do not participate in any ICO that is not registered or exempt with the SEC.
This is the next most significant project I am working on now. It will take a few months and I will be providing updates when appropriate. Please be reminded that this round is specifically for certified accredited investors. Circulation of documents is controlled, and time stamped with different levels of approval process.
I am not hopeful that DNotes will be listed on Cryptaldash as they have announced. Their change of mind to require 100 participants in their ICO is the deal breaker. It’s unfortunate but we do not participate in any ICO that is not registered or exempt with the SEC.
Alan I think the requirement that our community members be forced to participate in an ICO is preposterous. Since seeing the first ICO's launched 4 years ago, I've refused to participate in a single one of the hundreds I've researched, and don't plan on starting anytime soon.
I think we're going to see many of our industry peers becoming intensely jealous of DNotes when they realize that the brilliant strategy of the DNotes team has put us in a stronger position than Bitcoin.
Bitcoin Could Break the Internet, Central Bank Overseer Says
https://www.bloomberg.com/amp/news/articles/2018-06-17/bitcoin-could-break-the-internet-central-banks-overseer-says
The BIS, an 88-year-old institution in Basel, Switzerland, that serves as a central bank for other central banks, said cryptocurrencies are too unstable[1], consume too much electricity[2], and are subject to too much manipulation and fraud to ever serve as bona fide mediums of exchange in the global economy[3]. It cited the decentralized nature of cryptocurrencies -- Bitcoin and its imitators are created, transacted, and accounted for on a distributed network of computers -- as a fundamental flaw rather than a key strength.
In one of its most poignant findings, the BIS analyzed what it would take for the blockchain software underpinning Bitcoin to process the digital retail transactions currently handled by national payment systems. As the size of so many ledgers swell, the researchers found, it would eventually overwhelm everything from individual smartphones to servers. [4]
“The associated communication volumes could bring the Internet to a halt,” the report said.
[1] DNotes has focused on stability since day one; preferring a slow gradual increase, rather than pushing for cataclysmic overnight gains that jeopardize long term stability.
[2] POS is much more energy efficient than Bitcoin's POW, and I'm willing to wager that it would be more energy efficient than current banking infrastructure when taxed with similar volume.
[3] Alan, I think you just proved this point with the CryptoDash exchange ICO; The DNotes team would never participate in any unlawful activities that would jeopardize stakeholder funds.
[4] DNotes offers options to store and transact that are not bandwidth intensive - DNotesVault and the Electrum wallets.
