Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 174. (Read 148883 times)

Oooh! A hunt for private keys! Now that is fun! I'll take a look through your site and see if I can find one. But I'd be thrilled if some new people found them.

I'll try to get the word out here on Bitcoin Talk as well as on Steemit as well

Don't forget to support Cryptocurrency Education Week

Quote from Chase on April 9, 2018:

Cryptocurrency Education Week is global.

We want to include and help everyone learn about cryptocurrency.

There are contests going on right now on Twitter and Facebook that anyone can take part in. Aside from the prizes at the end of the week, we are also giving away DNotes (upgraded 2.0 / POS) to random people that have shared #CryptocurrencyEducationWeek.

There are still some keys left to find in this -

From DNotesEDU: To celebrate a successful launch we have hidden several private keys containing DNotes, somewhere on https://dnotesedu.com, https://facebook.com/dnotesedu and https://twitter.com/dnotesedu! First to find the keys, and move the DNotes to their personal address gets to keep them!

If you are unsure about how to import a private key, here are some very simple instructions: https://dnotesedu.com/digital-currency/dnotes#import_private_key


There will also be another contest announced shortly on social media.

Please voice your support HERE: https://bitcointalk.org/index.php?topic=3281937.new#new

And check out DNotesEDU HERE: https://dnotesedu.com/2018/04/cryptocurrency-education-week/

Another terrific book review by BuyBookPro, a popular book review site with over 250,000 visitors.

The book is one of our strategic building blocks that cannot be easily replicated by our competitors. Take notice that the book links DNotes and everything that we do into one package giving us maximum synergistic impact. Its exposure is already reaching millions of people beyond our industry. There are many interviews, articles, and book reviews scheduled for the coming weeks and months.

We do not just talk about mass adoption of DNotes. Instead, we have clearly defined our strategic path to realizing the vision. Do the right thing, the right way – everything else will fall in place.

Book Review: ‘Improve Your Odds: The Four Pillar of Business Success,’ by Alan Yong

“Recently, DNotes Global, Inc., an ambitious contender in the digital currency arena, announced it’s releasing DNotes 2.0, an upgraded version of the currency it developed in 2014. In four short years, this company dedicated to making cryptocurrency accessible to all has grown up. Its co-founder, Alan Yong, has directed a steady and consistent course since the firm’s onset — and the strategy has gained a solid footing in this tricky new field. Now Yong has consolidated his formidable business acumen into his book, Improve Your Odds: The Four Pillars of Business Success.

Yong has a fascinating backstory: he’s a natural entrepreneur with a deeply innovative streak. Back in the early 90s, he was responsible for the DTR — the world’s first personal tablet computer. His firm, Dauphin, was contracted by the Pentagon and had a manufacturing agreement with IBM. And he was also involved in flower: he created one of the largest daylily growing operations in the US. He’s no dreamer, though: as he notes in this revealing and insightful book. He’s had his fair share of failures as well as successes and has learned from them all.   

The key to business success is not some wild stroke of luck, but focusing on four basics, according to Yong. Unlike many business guides that promise a whole new system and require a complex new lexicon to understand it, Yong’s four pillars make classic practical sense. First, leaders have to focus on themselves and make sure they’re up to the job. Then they have to make sure their ideas are sound and innovative enough to rise above the fray. Next comes the people — since no organization can be good without a core team as well as all employees who are productive, engaged, and aligned with business objectives. And finally, in a very clear case of last but not least, never forget the customers. No matter how amazing your business idea may be, no matter how sleek the new product or service, if the customers don’t want it, you’re sunk.” ………..

“This is a highly useful book. Its author has taken the time and energy to write out his business strategies not out of a need to gratify his own sense of importance, but as a way to help others understand how to handle the pressures and stresses of entrepreneurship. Why? For one simple reason: you can’t have a healthy economy if you don’t have healthy contenders, and if they don’t all seem to understand the keys behind staying alive, Yong is happy to help. The health of any economy depends on the health of its participants — and certainly, we’re going to see how that plays out in years to come, as DNotes and its compatriots reshape our concept and use of money. In keeping with DNotes’ commitment to digital currency for all, Improve Your Odds is a primer on smarter leadership for all. We need more books like this — or maybe we just need this one.”

Read more: http://www.buybookspro.com/book-it/book-review-improve-your-odds-the-four-pillar-of-business-success-by-alan-yong/

I just checked out Cryptopia. The following message was display:

Market Closing

NOTE/BTC market is closing, please cancel any open orders and withdraw your coins.

Please withdraw your DNotes from Cryptopia and any other exchange immediately if you have not done so. It must be done before April 16, 2018. Always remember, he who controls the wallet controls the coin. We can not help to swap your coin if you do not control the wallet.

Please be sure to have your DNotes off of the exchanges before April 16th.

It is imperative that if you wish to participate in the swap for DNotes 2.0, now or in the future, that you remove your coins from the exchanges prior to April 16th. Leaving your coins on the exchange means that the exchange controls your coins, and not you. We will of course make every effort to help you swap your coins but we cannot make any guarantees that we can recover coins that are not in your control.

Wiser, I agree with you on this one - growing the DNotes balance at this time makes the most sense. We are getting to the stage when DNotes is hard to come by, especially after April 16, 2018 when DNotes 1.x ends.

My highest priority at this time is on funding and we are making great progress. We have two firms working on our Reg. D 506 (c) and decided to increase the amount to $5 million to make it more attractive for a large Dealer Broker network to assist us. This round will be limited only to accredited investors.

As soon as we get close to the $2 million marks, our law firm will start drafting our filing for the next round - Reg. A+ Mini-IPO Tier 2 to raise $50 million from accredited and non-accredited investors worldwide. That will take us to the later part of this year. I am more confident than ever that we are on an amazing strategic path to realize our vision of mass adoption of DNotes. We will be a significant industry force but will only get there with the right team - those who are committed to be best in class in all things that matter.

Thanks for sharing, wiser. This may be the first time in a long time when it makes sense to file an extension. I hope that by then there will be better guidance from the IRS.

yes.

This is a highly informative article on appropriate tax reporting: https://www.coindesk.com/dont-know-crypto-taxes-can-hurt/

I'm in the "buy more time by filing an extension" club

Polish Crypto Traders Petition to Reverse New Govt Tax Policy

https://dcebrief.com/polish-crypto-traders-petition-to-reverse-new-govt-tax-policy/

Glad to know it's at least on the list. I wouldn't see it as a top priority in the early stages. It's not like I'm going to be selling DNotes at 1.8 cents anyway. This will become more relevant as the DNotes price climbs and staking rewards become significant in terms of monetary value. In the mean time, growing the balance makes the most sense as an investor

That request has come up a few times. The challenge, to me, which I haven't really discussed with my team just yet, is deferring staking privileges and at the same time sending the balance somewhere completely different (external wallet that is not part of the equation).

Deferred staking without affecting CRISP should be fine.

Definitely doable, just have to appropriately prioritize it in relation to complexity and time required to make all of these features work together simultaneously.

Another feature you might consider adding in a future update: scrape addresses. Those direct staking rewards to a different address than the one with the balance that staked. This is useful in situations where you want to preserve your principal but spend your "interest." It would be especially attractive now that I know a simple withdrawal will not jeopardize CRISP rewards for the entire balance--I believe directing staking rewards to a scrape address could register as a withdrawal on a technical level.

That is the intention. Give the reward for the coins saved. Just excluding the coins removed.

50 blocks. I should add that to the FAQ's.

That's really great news, actually. So, on the technical level, it's actually tracking the balance itself and which of those coins have been there for the entire rewards period?

I think the best outcome is that you are rewarded for saving your coins but in a way that does not also penalize you for spending them. It sounds like you all have considered this angle and taken care to make sure that the only CRISP reward you would lose would be for those coins actually spent, not the entire balance at a given address.

Another question: how long is the coin maturing period?

Thanks wiser, sending out of a specific address does not break CRISP. So if you have 50,000 in your wallet, and send out 100, your CRISP reward will calculate 49,900 for the next CRISP reward.

Edit: We had to make changes to the way coins were handled to ensure this scenario wouldn't break CRISP. Mostly around coin selection and change for transactions.

Something else to be aware of...

Having a program like CRISP which rewards addresses for keeping the balance all there month after month tends to encourage keeping funds in multiple addresses. Let's say I own 50,000 DNotes. If I keep it all in a single address and then one day I want to spend 100 DNotes on something, well, the cost is that I would lose the entire CRISP reward in the month that I spend it, and at 0.5 percent, the cost of spending that 100 DNotes would be 250 DNotes in lost reward. But if I split up the 50,000 DNotes into 10 addresses each with 5,000 inside them, then when I want to spend 100 DNotes, it only costs me 25 DNotes in lost reward (because I only messed with the balance of a single address containing 5,000 DNotes, leaving the other 45,000 alone).

SMART Cash coin, in which I have an interest, has a similar program, where once a month you get a "SMART Reward" for not making a withdrawal during a month long period. They do have a minimum balance requirement of 1,000 SMART. Their online wallet comes set up with three addresses right off the bat, a spending address and two SMART Reward addresses. The idea is that you would divide your savings into those two addresses and then if you need to make a withdrawal from one of them, the other is unaffected in terms of the rewards. If you have a large balance all in one address, the practical reality is that it "costs" quite a bit to withdraw anything, so you have to evaluate if it's worth it.

The end result is that users are incentivized to keep their coins locked up, which is a very good thing for the coin overall. The traders, of course, forfeit that reward, and they probably judge that they will profit more by trading than by locking up funds. Another result is people are also incentivized to use many more addresses for their coins.

I don't know if it is technically feasible or if it were, could be exploited in a bad way, but I wonder if it would be worth exploring a kind of rewards structure where you were allowed one or two withdrawals per month to still get the rewards, and those withdrawals had to be less than x percent of the entire balance and of course the amount withdrawn would forfeit its portion of rewards. You know how fiat savings accounts typically allow up to 6 withdrawals per balance cycle before they start charging? I'm thinking something like that. Having one or two "grace" withdrawals each cycle I think could still incentivize saving, but would also allow for reallocation of funds into either other savings accounts or spending accounts.

Just pointing out an observation and "thinking out loud."

24-48 hours is the typical. That will always be the case for the foreseeable future. We did have extended delays for the swap, but it's not looking like we need them to get everything processed within that timeframe.