Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 206. (Read 148848 times)

I'm on version 1020000 and so are all my peers.  I already had several of the addnodes you listed.

I'm running the latest code from //github.com/DNotesCoin/DNotes.git

$ DNotesd getpeerinfo|grep ver
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",
        "version" : 1020000,
        "subver" : "/DNotes:1.2.0/",

Hi flound1129,

What version is your wallet/daemon reporting?

V1.2 or 1020000?

Currently all of my nodes are reporting last block is:
2110213

None of them are reporting that message.

If you or someone you are connected to is running the wrong version, or mining the wrong version, you would get that message. Or somehow you just got stuck.

Edit: If you are running the correct version from our github:
https://github.com/DNotesCoin/DNotes

I would recommend reset and redownload your blockchain. Close the client, rename/remove the blk0001.dat & blkindex.dat, restart the client.
Also, make sure your DNotes.conf includes:
addnode=n6.dnotescoin.com
addnode=n7.dnotescoin.com
addnode=n4.dnotescoin.com
addnode=n5.dnotescoin.com
addnode=128.199.239.199
addnode=95.85.44.200
addnode=162.243.225.90
addnode=104.236.53.154
addnode=46.101.166.193

Hi, our DNotes wallets are currently forked and I am unable to get back on the same fork as the block explorer, even starting with a brand new DNotes installation removing peers.dat, wallet.dat, etc.

Block explorer currently shows latest block to be 2110200, however we are unable to sync past 2103808.

Client displays error: "WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."

Please advise.

New Proposal Advocates Creation of Turkish Crypto: Turkcoin

https://dcebrief.com/new-proposal-advocates-for-creation-of-turkish-crypto-turkcoin/

Thanks wiser, one thing I would like to clarify: One of our core missions is to keep the benefits of decentralized digital currency in tact, but to have DNotes Global, Inc to support it by bridging the gap between the centralized world we live in and the decentralized world.

You are correct in that our support of launching tokens on our platform will be very selective. The reason we would support and help create a token is because we are actively involved in that project in many ways. Once we launch such a token though, it would be another decentralized entity.

A token that we would actively launch for a specific project on the DNotes platform will have to follow all the rules and regulations in place to ensure it doesn't have a negative impact on DNotes or DNotes Global, Inc.

This is very interesting, actually. Basically, DNotes is planning to eventually support tokens but be very selective of which ones it will support. This is in contrast to the NEM platform, which currently supports token creation, is open source and available for anyone to use, in support of the value of decentralization of control. There's a bit of a downside for NEM right now in that it looks like it might be the platform of choice for Maduro (of Venezuela)'s Petro, a cryptocurrency that regime is wanting to launch. There's a bit of confusion as to whether the backbone platform will be NEM or ETH, but it's likely to be NEM at this point. So now NEM has the issue of potentially being associated with what is considered by many to be a bad regime. NEM is strongly committed to the value of decentralization which means that there will be tokens launched on the NEM block chain that maybe the NEM Foundation, and certainly NEM investors, would never want to endorse. But that's the potential downside to a commitment to decentralization and freely available open source as a core value.

DNotes has a different core value, which is excellence, and DNotes is willing to sacrifice a certain amount of Decentralization in order to uphold the excellence core value.

This will be interesting for me to watch and see how it plays out, as I'm heavily invested in both, but also because I'm realizing that a number of the crypto core values aren't totally compatible with each other. Personally I think both decentralization and excellence are great core values to have. However, you can't necessarily have them both at full potential in one project. It could be that an interesting metric as far as diversification of cryptoassets goes, is to choose a number of coins that emphasize different core values, as I'm sure over time market conditions will favor different ones over the others.

Along with DNotes' commitment to excellence as a core value, is a commitment to solid leadership. Leadership, by definition, will have a certain "centralized" aspect to it. At some point someone has to own the decision and move forward.

It could also be that decentralization isn't so much a value as a tool. Anyway, thinking out loud here...

Thank you, The Chezzz. I appreciate that, “DNotes is my first coin and right now my only coin.”

In answer to your great question, “what the advantages were if someone did come along and ask DNotes to use your platform for their coin/token” ……….

I can give you a limited answer, since we do not want to get too far ahead of ourselves. That is an easy thing to do since we have a fast-growing ecosystem. We do not have a plan to support the launch of another coin/token using the DNotes 2.0 platform any time soon. When we do, it will be done in support of our NextGen VC partnership, possibly as early as 2019.

You will learn more about NextGen VC in our White Paper when released in early April 2018. A final draft will be available for limited release earlier. Below is an unedited quote:

“Next Generation VC is powered by the DNotes platform to provide our elite clients and partners with venture capital and crowdfunding assistance that is fully compliant with local regulations backed by the full service offering of DNotes’ consulting group. This may include crowdfunding under the JOBS Act in the USA, and issuance of digital asset tokens through ICO. The DNotes consulting team will carefully vet the listed token sales, and work with clients and partners to deliver value to their investors as a useful indicator of quality.

In the NextGen VC participation, prospective partners pitch their business or idea to the DNotes consulting group and management team, who will identify the businesses that have the best synergies integrating with DNotes’ blockchain software and growth potential.

Businesses that are involved in the NextGen VC program will have unlimited access to these resources, from strategic analysis and managerial, procurement of legal, and accounting aid, through to blockchain application development and integration; and navigating the approval process for SEC compliant Initial Coin Offerings on the DNotes platform.”

 DNotes team has always been committed to ensuring that we uphold the best in class mentality in every area that matters. To that end, our clients will benefit from the DNotes trusted brand and our growing ecosystem. NextGen VC itself has massive growth potential. Our focus is on quality; not quantity. The offering will be limited to a selected few.

You sure picked a great coin! If you can be patient with it I'm sure you will be rewarded in the long run. Some of us here have been holding and accumulating DNotes for several years.

Sir,

I am a complete newbie at this game. DNotes is my first coin and right now my only coin. So I asked the question trying to better understand what the advantages were if someone did come along and ask DNotes to use your platform for their coin/token and if it would simply add more value to the DNotes currency pushing up the ladder to success. I actually asked a question that is way above my head. lol, your team and this forum has taught me a lot so keep it coming. I love it. Thanks!

Hi lxxtikk, DNotes purpose is mass adoption as a globally accepted inclusive digital currency for the empowerment and benefit of everyone worldwide. Everything that we are working on is part of the vision of how we will purposefully direct DNotes towards achieving that goal.

Chase, that is a fascinating article, the one about lessons learned from the last bubble. Thanks for sharing it.

One thing I noticed was that long term, businesses that take a slower growth strategy tend to fare better than those who attempt to get big fast. It seems like on this point, DNotes is right on track. In the cryptocurrency world, a slower growth approach is downright revolutionary.

Georgia Senate Bill Would Enable Crypto Use for Tax Payments

https://dcebrief.com/georgia-senate-bill-would-enable-cryptocurrency-use-for-tax-payments/

Can you tell me the main purpose of Dnotes . It will be like blockchain as a service ? Am i right ? or what are you going to do , Payments, educations , trading , Ico platform ?

Lessons of the Last Bubble  -  https://www.strategy-business.com/article/07102?_ref=http://www.businesspundit.com/lessons-from-the-dotcom-bubble/&gko=cd580-1876-23502176

The Herd Instinct:

Thank you, Chase.  Fascinating article, “Sociologists have a fancy name for this herd instinct: mimetic isomorphism. They have documented its prevalence in industries as varied as trucking and banking. That research has also demonstrated the rationality of copying others. Although copying rarely produces a breakthrough outcome, it does keep an organization from being left behind. Only a brave buffalo goes against the stampede. And unless that buffalo is extremely agile, it may well be crushed by the herd.”

Lol! I think DNotes is brave, agile, smart, and strategic. Frankly, we have experienced the discomfort of a few bruises and a long way from getting rich. But then as one of the DNotes team members said recently, “I rather be poor with DNotes than get mixed up with the wrong herd.”
Since DNotes has been pacing down such a different path, with great separation from where the “herd” is going, I believe that it is safe to say that we won’t be crushed by the herd.

If I am understanding this correctly, according to the research cited in this article, the 5 year survival rate for dot-com businesses was around 50%. It's hard to believe that almost as many ICOs failed in one year as dot-com businesses did in five years. There are some very eerie similarities in this article to what is going on now in the cryptocurrency industry. The article if fairly long, but I did find "the herd instinct" interestingly familiar.


Lessons of the Last Bubble  -  https://www.strategy-business.com/article/07102?_ref=http://www.businesspundit.com/lessons-from-the-dotcom-bubble/&gko=cd580-1876-23502176

The Herd Instinct
Why did so many companies try to be the first mover and pursue a “get big fast” strategy despite the questionable economic and strategic logic of that approach? Part of the blame clearly falls at the feet of the venture capitalists. Venture capitalists play a critical role in the economy by funding business ideas early in the life cycle when the risk of failure is high. By having a portfolio of such investments, venture-capital funds offer extraordinary returns even when only a small fraction of the businesses succeed. In normal times, venture-capital firms view thousands of ideas from passionate entrepreneurs, but generally fund just a handful of businesses each year. Furthermore, they parcel out the money gradually as the companies prove the viability of their business models.

But during the heady days of the dot-com era, the venture capitalists found themselves with a surfeit of money as more and more investors wanted a piece of the action. Although far more projects were chasing those funds than had been the case in past years, the venture-capital firms did not necessarily have the resources to screen all of those ideas with consistent rigor. Since investors couldn’t maintain their formerly high levels of fundamental due diligence at the faster pace of the bubble years, they began to make investment decisions by looking to the decisions of other venture investors. As with the buffalo on the prairie, a few leading examples charging off with abandon can create a stampede. And when no one knows with confidence where to go, the safest path is to follow the herd.

Sociologists have a fancy name for this herd instinct: mimetic isomorphism. They have documented its prevalence in industries as varied as trucking and banking. That research has also demonstrated the rationality of copying others. Although copying rarely produces a breakthrough outcome, it does keep an organization from being left behind. Only a brave buffalo goes against the stampede. And unless that buffalo is extremely agile, it may well be crushed by the herd.

Unfortunately, once the process of mimetic isomorphism gets started, it is hard to stop. The only way to get funding during the dot-com heyday was to identify a new market and promise exponential growth (à la Metcalfe’s Law). That exponential growth required huge funds that siphoned money away from potential late starters who could learn from the initial failures. The “get big fast” strategy produced more losses as companies focused on market share rather than profits. But the venture capitalists — and then the capital markets — agreed to fund the massive investments and simultaneous losses. The only way to avoid the day of reckoning on profits was to continue promising more growth and seeking more money to fund it. Even before it went public, Webvan scored a $1 billion market capitalization by promising exponential growth from a mere $4 million in revenues — less than one-fourth of the annual sales of a single grocery store.

Although following the herd may appear rational in periods of high uncertainty whenever the herd dynamic is evident, there is reason to be wary that an opportunity has peaked. Jeffrey Immelt, CEO of GE, recently warned an auditorium of MBA students at the Darden Graduate School of Business to avoid the herd instinct; he cited his own experience upon exiting Harvard in 1982. He noted that he and only one other classmate joined the staid General Electric Company that year, just months after Jack Welch took the helm and launched what would become a phenomenal 20-year period of growth. What was the biggest employer of Harvard MBAs in 1982?  A “hot” technology company called Atari; it took on 17 graduates. (By 2002, of course, when Welch retired, Atari was long dissolved, its brand name sold to Hasbro Interactive.)

The biggest risk of the herd instinct comes when the stampede turns and heads in the opposite direction with equal abandon. When the dot-com craze reversed itself, millions of investors lost a large proportion of their retirement accounts. And more than 100,000 dot-com employees lost their jobs in the 10 months from October 2000 to July 2001. When bubbles pop, many people get hurt.

To avoid the bubble, we recommend lots of little experiments that send the herd in many different directions. Avoiding the “get big fast” strategy and the herd instinct allows for a more thorough investigation of the terrain. Many members of the herd will fall upon barren terrain and die, but in the long run, careful nurturing of the fruitful routes will produce a greater herd than overgrazing of the fertile patches discovered by the lucky few.

New blog post on DNotesEDU:


“Trendy Investments are Especially Ripe For Fraudsters” – SEC Office of Investor Education and Advocacy article on Cryptocurrenies & ICO Tokens

https://dnotesedu.com/2018/02/trendy-investments-are-especially-ripe-for-fraudsters-sec-office-of-investor-education-and-advocacy-article-on-cryptocurrenies-ico-tokens/

That is rather high for first year, the first year business failure rate is typically about 20%. It would be interesting to find out the first year failure rate during the dot com boom.

Hi Hakamoto, not quite ready just yet. We are spending a good deal of time to really express the concept in full details, add in explanatory infographics, and outline our plans. It should be ready soon though.