Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 215. (Read 148848 times)

I expected something great, but this is amazingly awesome, Tim.

“It took more than 3 weeks full time work for the animator to complete.” Wow! What a great accomplishment.

It’s a brilliant idea representing all the possibilities DNotes strives to accomplish as an inclusive and trusted name.

Our challenge is that it may take us 30 years to complete all the tasks our animator so cleverly took three weeks to lay out – block by block; all strategically linked to create one super-system, in which everything in interrelated with many sub-systems – our ecosystems.

That is a breathtaking display of the DNotes’ vision. Congratulations to you and your team for a job well done!

Hello everyone. I have received the final version of one of the videos I have in production. This video illustrates why DNotes Global is important to DNotes visually, in a brief video. It took more than 3 weeks full time work for the animator to complete it, we are very appreciative of his efforts.

The next video to release will be our first overview video based on the DNotes Global pitch deck.

The overarching point that I notice with the credit card restrictions being implemented by banks further proves the primary use-case of cryptocurrencies -- that your money (even if borrowed and liable) is your own, and that you can decide how you wish to spend it unimpeded by any third party. Cryptocurrencies enforce these financial freedoms at a protocol level, so if/when these restrictions move to general bank payments, it will only serve to increase the value of cryptocurrency networks. The interesting part in all of this, is that the banks never had the funds that they 'forward' to users to go and spend in the first place. Given that it is my view that the financial system is not in the most healthy state, my cynical side is hoping cryptocurrencies aren't going to be blamed as a cause of any economic downturn that may eventuate.

"People were buying too much cryptocurrency, and it was volatile, and then people began to default on their loans. At that point, it caused a cascading default on loans between people until even the bank couldn't meet its liabilities."

Bitcoin Price Continues its Slide

https://dcebrief.com/bitcoin-price-continues-its-slide/

Those are good points. On one hand, I guess the bank that issues the credit can be selective about what the credit will be used for. If you apply for a loan at a bank they are going to want to know what you intend to do with the money, especially if it is a business loan. But when you apply for a credit card, you never are asked what you will spend it for. The impression is that you can spend it on whatever you want, and they issue you the credit based strictly on their perception of your ability to pay it back. So, in that case, it seems overreaching to tell me I can't use my credit card to buy cryptocurrency. If I've paid back my balances in the past, that should be enough for them to believe I'll make good on the next balance no matter what I bought. It's almost like they believe that if I frivolously buy some Bitcoin with my card and the price goes down, I magically won't pay it back. Why not? As Chase pointed out, most of what I buy with a credit or debit card is not going to have any value a few weeks later. Case in point: groceries.

With that said, I will also reiterate that I do not believe it's a good idea to buy cryptocurreny (or, for that matter, groceries) on credit. If you don't have the money right there to spend on it, you probably need to be rethinking some things about your financial life. Regardless, that should be my own choice to make. Maybe I want to use my discover card to buy groceries and Bitcoin and immediately pay it back so I can get those cashback bonus awards!

Agreed, it's not advisable to use credit to purchase crypto. However, if you are eligible for credit, and they have qualified you as able to pay back the amount you are borrowing, they should not be allowed to pick and chose which way you can spend your credit. You can gamble with your credit card, you can buy gift cards with your credit card, you can buy cigarettes and alcohol, but you can't buy bitcoin? Something just doesn't add up.

So, just when did banks acquire  the right to tell us where and how to spend our money? I can buy all manor of illegal things with a credit card but I can't buy legal Bitcoin? This is unbelievable. I can make a cash advance that I can't pay back but I can't buy Bitcoin? Smaller insults have started wars and revolutions.

PS: I don't use credit cards to buy crypto and neither should you but, I'M not saying you can't, just that you shouldn't...

Also, submitted to Udemy. The goal here is to get some exposure to the course as well as DNotes. If you know of any other places the video courses should be listed, let us know.


https://www.udemy.com/the-four-pillars-of-business-success

Good news in our industry is hard to come by these days. Enjoy!

S. Korean Finance Minister: Blockchain Can ‘Revolutionize The World’
By  Molly Jane Zuckerman

While on trip to China for economic talks, South Korea’s Finance Minister Kim Dong-yeon spoke positively about the potential for Blockchain, saying that “Blockchain technology can disrupt and revolutionize the world,” according to the South Korean-based Yonhap News Agency.
During a meeting with Zhou Xiaochuan, governor of the People’s Bank of China, Yeon also spoke of a need for more cooperation with China on Blockchain technology.

According to another Korean news site Chosun, Yeon reiterated that the South Korean Finance Ministry has no plans to ban or restrict cryptocurrencies within the country, adding:

“Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and as such, the ministry will take a cautious approach in regulating the cryptocurrency market. For negative use cases of cryptocurrencies, the ministry will impose strict regulations.”

Source: https://cointelegraph.com/news/s-korean-finance-minister-blockchain-can-revolutionize-the-world

When I posted my OpEd in DCEBrief, on Jan. 17, 2018 “Bursting Bubbles with Falling Knives! Have we created a Global Casino?” https://dcebrief.com/bursting-bubbles-with-falling-knives-have-we-created-a-global-casino/

I had a sneaky suspicion that we could be in for a rough ride. I could not envision that such a breakthrough technology like blockchain and digital currency could be so easily hijacked by so many bad actors and never-ending stream of speculators.

And so, I wrote, “To be fair, there’s reason to believe that some segments within the industry may collapse. Not in the way that Mt. Gox fell from its lofty heights, mind you -  but that won’t make the collapse any easier to stomach. The problem is that the current environment does seem at times like nothing more than a giant casino. That’s a danger that we need to recognize and move to counter if digital currency is to ever realize its true potential for creating positive change in the world.”

In a highly speculative environment, it is important to maintain a balance portfolio that is over weighted with quality long term investments. Speculative situations should be kept to a minimum. Do your homework – know the project and the team behind it. Don’t just count on good luck to get rich quick. “Good luck” is not dependable.

Focus on a few that will survive the test of time and still significantly undervalued. You need to be your own judge, as I do not make recommendations.

Canada’s First Blockchain ETF to Launch This Week

https://dcebrief.com/canadas-first-blockchain-etf-to-launch-this-week/

Great point Chase! I think some banks are afraid that if their customers (cash cows) get out of debt, they might realize there is no need for a credit card or any other monopolistic usury services.

Using a credit card to regularly buy Bitcoin or to buy large amounts of it that you can't afford, is never a good idea. But I couldn't let this pass by without comment.

"With Bitcoin’s price down by more than 50% from its December highs, banks and other credit card issuers have become increasingly concerned about the potential losses they may incur if borrowers are unable to pay those balances."

Down 50% - That's not bad, because most things you buy on a credit card are worth nothing after. 

Major U.S. Banks to Block Credit Card Use for Crypto Purchases

https://dcebrief.com/major-u-s-banks-to-block-credit-card-use-for-crypto-purchases/

Good morning, veso86. We are making great progress with DNotes 2.0 development. I am typically being briefed a few times each week and very pleased with everything that I have been seeing. Geneca and our team have been doing some amazing work. We are comfortable with the target launch date of March 18, 2018.

As I mentioned before, this is a on going multi-year program. DNotes 2.0 is only the beginning.

This is substantial good news, and hope DNSN can move forward with the cooperation of the strong

Welcome veso86, everything is still on track and mid March still looks like a good target date.

There is so much valuable information on this forum. Please take the time to read it if you would like to find out what gives DNotes value.