Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 156. (Read 148870 times)

I wholeheartedly support the mindful use of investor funds and accountability! I've yet to see any ICO project release financial statements that showed where their money went. I imagine for many, it went on marketing and exchange listing so they could create a casino coin that could one day get lucky on the open market.

Knowing who the people are behind a project, and that they have been successful in the past is a huge confidence boost. Another thing I think is super important is tokens have some type of fundamental value built into the coin. For this reason, I think DNotes has always had the right approach.

Quote from wiser, “I actually have noticed in some of the ICOs I have come across, that they are raising funds for a company that doesn't exist. There might be a company entity registered, but no history of the executives having profitably worked together before.”

I can see that happening. Our industry is notorious for providing false information and claims because, in general, there have been little to no consequences for doing so. A light weight registration that can identify the people behind the project and how the funds are used is an effective way to start. People behave more responsibly when they know that they can be held responsible for bad behavior.

ICO is proven to be an efficient global crowdfunding program and the most promising tool in capital formation if done within the legal framework of existing laws. No doubt, existing laws are overly burdensome. But laws evolve and can be amended, changed, with new ones added.

I don’t like more rules and regulations. But I hate to see investors being scammed even more. So is there a happy medium that provides consumer protection without stifling innovation.  I believe so and suggest that we all unite and voice our opinion with constructive recommendations.   

Excellent reporting, Ken.

DCEBrief and the entire DNotes team, including DNotesEDU, is committed to educating the public. We truly believe that digital currency coupled with its underpinning blockchain technology is a generational opportunity for everyone worldwide. It should not be squandered by a small minority for selfish gain at the cost of others’ hard-earned money. 

SEC Commissioner: Regulators Could Eventually Be Open to Finding Legal Path for ICOs

https://dcebrief.com/sec-commissioner-regulators-could-eventually-be-open-to-finding-legal-path-for-icos/

I am appalled that, despite repeated warnings from the SEC that coin tokens are securities when being sold as investment as in the case of all known ICOs in our industry, many are still aggressively promoting ICOs. Out of my 11,352 LinkedIn connections, I estimated that at least 2,000 of them are ICO experts/ advisors. I am constantly being approached by these experts who are clueless about Reg. A+ Mini-IPO or the legal issues confronting ICOs. I have never seen such an elevated level of misguided malpractice of professional “expertise”.

SEC Commissioner pointed out that “Investors are having a hard time telling the difference between investments and fraud,” This is very damaging to our industry and will hurt many retail investors hoping to catch a lucky break. I strongly encourage investors to do some deep research before investing.

Many are still not aware that DNotes does not support or promote ICOs as they stand. DNotes coin is not offered in any ICOs. It can only be purchased from a listed exchange – with Cryptopia starting on May 12th, 2018.

We are hopeful that as we get better established, and gained respect and credibility, we will have the opportunities to work with our law makers and regulators so that ICO can be an effective and viable tool in fund raising to advance capital formation. To that extent, I love the potential ICO has to offer as a funding vehicle. But to ensure consumer protection, it must be done within the framework of existing securities laws.

In the United States the sale of securities is illegal unless registered or exempt with the SEC. Meanwhile, enjoy the following article:

SEC Commissioner on Bitcoin: ‘That Space Is Full of Troubling Developments’
By POLINA MARINOVA

SEC Commissioner Robert Jackson has some strong opinions about cryptocurrency and initial coin offerings.

In a CNBC interview Monday morning, Jackson said his personal view on Bitcoin is that it’s a space “full of troubling developments.” He didn’t elaborate but said his concerns center more around initial coin offerings (ICOs), which are a mechanism for startups or online projects to raise money without selling stock or going to VCs.

“Investors are having a hard time telling the difference between investments and fraud,” he said.

The SEC has been cracking down on fraudulent ICOs in recent months. The agency has targeted ICOs they suspect are raising money for businesses that don’t even exist. It issued subpoenas to firms and individuals behind projects it believes are breaking the law.

“We’ve been doing a lot in the ICO space,” Jackson said. “[SEC] Chairman Jay Clayton has been very clear about this. He said he hasn’t seen an ICO yet that’s not a security. And I’m with him — I haven’t seen one of these yet that’s not a security.”

The cryptocurrency market is still in its “Wild West” phase as regulators try to figure out how to proceed. Clayton has previously said that the majority of ICOs should be registered with the agency because the coins trade on secondary markets like other securities the SEC regulates.

Fortune spoke with Blockchain Capital’s Bart Stephens recently, and he said there is still plenty of regulatory uncertainty when it comes to token issuance. “The SEC has told us a bunch of things that they don’t like, but what they haven’t really told market participants is what is allowable,” he said. “There’s a little bit of ongoing uncertainty, but it’s my hope that they are thoughtful and careful when making these decisions.”
A big part of the uncertainty comes from the fact that many regulatory agencies can’t decide exactly how to define (and in turn, regulate) cryptocurrencies such as Bitcoin. There’s been plenty of debate around whether cryptocurrency assets are commodities, currencies, or securities — and no one seems to be able to agree.

“We are right now focused on protecting investors who are getting hurt in this market,” Jackson said. “And down the road, I think we will be thinking about — I think we should be thinking about ways to make those investments work consistently with our securities law.”

Source: http://fortune.com/2018/04/30/sec-commissioner-bitcoin-fraud/

Excellent work on the PR. All the bricks begin to fall into place one by one. I hope as many people as possible get to see our whitepaper before DNotes pushes through the industry.

https://dnotesglobal.com/2018/05/01/dnotes-global-ceo-alan-yong-discusses-white-paper-says-release-of-dnotes-2-0-marks-start-of-accelerated-push-for-mass-adoption-of-digital-currency/

Thanks Wiser. Our people are great and try to make everything as simple as possible for the user. Whether that be taking care of the swap process on behalf of the user, or by prioritising new features into DNotes that will make our users' lives easier - like automated invoicing, and the upcoming cold staking.

So I could have waited to do it today. I missed an exact time for the update block so I did it last night just to be sure. So I stayed up an extra three minutes past my bedtime for nothing LOL.

Banter aside, my point is that it's very easy to update the wallet because you download it in its already installed and ready to run form. That is a really nice feature, actually.

Cryptopia Delisting for May 11th

Please be sure to remove your DNotes from Cryptopia by May 11th, when they will be delisting old DNotes.

You may send them to your DNotesVault.com HISTORIC account to participate in the coin swap and fill out the following form:
https://goo.gl/forms/MlbfqvAQilLglnHZ2

However, do not send DNotes that were mined or purchased on any exchange after April 16, 2018.

We will do everything we can to help everyone swap their old DNotes in good faith, but there will eventually be technical limitations if you do not control your own DNotes and they are left n exchanges.

Linux Mint and Ubuntu Desktop wallets available to download for v2.0.1:

http://dnotescoin.com/#download

Having an issue with the Mac Build, will have a solution shortly.

Glad to hear! It is a simple process.

After the update block it can get slightly more complicated, but still an easy process. Anyone who updates prior to Monday 8PM CST, doesn't have to worry about it though.

That was a very straightforward wallet update. Thanks for making it easy

Hi samba001,

Sure you can send your DNotes in to the DNotesVault. If you would also fill out the form. We will take care of the swap from there. The next coin swap will be May 16th.

Thank you!

Hi Dev,

I have bought old DNOTE coins quite long back and transferred to my Windows wallet, but not realised that there is swap initiated with DNOTE 2.0. Based on the suggestion provided in the previous page, I have submitted a form to initiated swap with my old coin wallet address.

However when I visited official website, it suggested to register for dnotesvault account and  transfer old coins to Historic tab address. I have initiated test transaction with 10 qty and successfully received into my Historic wallet. I assume it will take some time to convert my old coins into new ones as I have missed the 16th April timelines.

But I just want to make sure I am doing the right process to swap my old coins, so that I can initiate transfer for all my old coins and swap with the new ones.

Iran Says Its “Experimental” National Cryptocurrency is Ready

https://dcebrief.com/iran-says-national-cryptocurrencys-experimental-model-is-ready/

The U.S. Commodity Futures Trading Commission (CFTC) is paying a whistleblower's reward on pump and dump schemes in cryptocurrency and ICOs.


Blow the whistle on pump-and-dump schemers

Virtual currency and digital token pump-and-dump schemes continue because they are mostly anonymous.

If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of
between 10 percent and 30 percent.

For more information, or to submit a tip, visit the CFTC’s whistleblower.gov website.

https://www.cftc.gov/sites/default/files/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf

https://medium.com/dnotes-global/the-dnotes-global-white-paper-exploring-a-unique-vision-for-a-more-financially-inclusive-future-f9633ea520a0

St. Louis Federal Reserve: Bitcoin and Fiat Currencies Share Important Traits

https://dcebrief.com/st-louis-federal-reserve-bitcoin-and-fiat-currencies-share-important-traits/