Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 221. (Read 148870 times)

Our Op-Ed response to ASB bank has been picked up by The National Business Review, one of New Zealand's largest news sources that is also likely the largest in New Zealand that targets business professionals. Unfortunately, it is behind a paywall, but it's a fair compromise for a much wider exposure to business professionals in the industry we were targeting in the article.

Ew. Half of my university textbooks were authored by Stiglitz. He does economics, and writes from a partisan political bias.

If I ever read anything else by him again, it will be too soon. His economic textbooks were in the education section of the book store, but they should be relocated to 'science fiction'.

Chapter 5 add on concept.

Did this Nobel Prize award-winning economist, Joseph Stiglitz, really knew what he was talking about?
Interesting economic theory – “It (Bitcoin) exists because of its abuses.” Really? I simply cannot follow his logic.
I got it. He has a different agenda -  “By regulating the abuses you are going to relate it out of existence.”  

The economist, who received the Nobel Memorial Prize in Economic Sciences, also told Bloomberg that he wanted Bitcoin to be regulated.

He said: “My feeling is that you regulate it so you cannot engage in money laundering.There would be no demand for bitcoin. By regulating the abuses you are going to relate it out of existence. It exists because of its abuses.”


Bitcoin price WARNING: Crackdown on crypto is COMING warns Nobel Prize winning economist

BITCOIN’S price could fall amid warnings from a Nobel Prize award-winning economist claiming a crackdown is coming for cryptocurrencies.

By DARREN HUNT
PUBLISHED: 21:26, Tue, Jan 23, 2018 | UPDATED: 21:30, Tue, Jan 23, 2018

Bitcoin has taken a hit over the past couple of weeks along with Ripple and etherum.

Fears over government crackdowns on cryptocurrencies have caused the price of Bitcoin to fluctuate.
Economist Joseph Stiglitz warned bitcoin “must” be regulated to stop money laundering.

He said: “We have a good medium of exchange, called the dollar, we can trade in that.
Why do people want a bitcoin? For secrecy.

“Why need it? We have a perfectly good currency. We are moving towards an electronic payments mechanism. I would like us to move more towards an electronic payments mechanism but you don’t need a bitcoin for that.”

The economist, who received the Nobel Memorial Prize in Economic Sciences, also told Bloomberg that he wanted Bitcoin to be regulated.
He said: “My feeling is that you regulate it so you cannot engage in money laundering.

“There would be no demand for bitcoin. By regulating the abuses you are going to relate it out of existence.

“It exists because of its abuses.

Bitcoin saw its highest value before Christmas when it reached the monumental price of just under $20,000.
Bitcoin’s price has since fallen and according to CoinDesk now sits at 11,142.86 (£7,985.48) at 17.25pm (GMT) on Tuesday 23 January.

Source: https://www.express.co.uk/finance/city/908859/Bitcoin-price-news-Ripple-ethereum-coindesk-cryptocurrency-latest

You make a good point wiser.

"especially as bitcoin’s appeal rests so much on the anonymity of its users. At the moment, its comparative advantage is its usefulness for illicit purposes." from the Bloomberg article makes it sound like a tool you would only want on the dark web. It's just silly.

The blockchain provides enough privacy so that you can't just go explore the blockchain and tie addresses to people, but at the same time it does leave and extensive "paper trail", as you mentioned, to follow. Only exposing your tie to an address at the time of making a purchase or exchange, and only to the entity you are making the exchange with, or at the on and off ramps for the currency. This privacy is not the reason enthusiasts are so excited about bitcoin.

Thanks, Tim. Daniel must have been putting in huge efforts to write so many substantive and hard-hitting articles. We appreciate that very much.

I thought that Daniel respectfully argued his case and mindful that at DCEBrief we want to maintain an objective balance of facts and editorial opinion.

Daniel has way more patience with this stuff than I do. I would have just slapped a FAKE NEWS label on it and moved on!

One point that Daniel didn't cover extensively is the issue of anonymity. It's actually surprisingly easy to track crypto transactions across the block chain if you know what you're looking for. They leave more of a "paper trail" than cold hard cash. You have to work a lot harder to anonymize your transactions. I read somewhere that lots of people know Satoshi Nakamoto's original Bitcoin addresses, so that if he tried to actually spend a significant amount of his BTC, there would be thousands of people talking about it. How's that for annonymous? In fact, I believe the US government would love to have us report to them all our personal addresses so they know exactly how much we hold (and if we're paying our fair share of taxes or not). I'm frankly surprised the IRS isn't jumping all over this as a new way to audit taxpayers without having to work so hard!

Daniel has been putting out a few great articles lately. There are several more in the works that should release soon too! I'm looking forward to reading them.

South Korea Sets Deadline to End Crypto Account Anonymity

https://dcebrief.com/south-korea-sets-deadline-to-end-crypto-account-anonymity/

Great article Cindy. We have chosen the IPO route as the path to raising funds because there is already clear guidelines to follow. While we believe ICO's are exciting and have potentially world changing implications, it is not an established means of raising funds, and making a mistake could lead to disastrous results for DNotes and DNotes Global and it's stakeholders.

More troubling news for ICOs.


Bitcoin hackers have stolen ‘£285million’ from cryptocurrency investors causing ‘CHAOS'

“BITCOIN hackers have stolen an estimated £285million ($400million) from cryptocurrency investors that have caused “information chaos” as they utilise a fundraising mechanism for devious means, a recent report revealed………

Initial coin offerings are used to exchange crypto tokens for bitcoin or ether to finance a new project - they are similar to Initial Public Offerings (IPO) where investors purchase shares of a company.”

Source: https://www.express.co.uk/finance/city/908462/Bitcoin-value-hackers-cryptocurrency-initial-coin-offerings-ICO-Ernst-and-Young-ether
By JOSEPH CAREY
PUBLISHED: 03:08, Tue, Jan 23, 2018 | UPDATED: 03:08, Tue, Jan 23, 2018

https://dcebrief.com/icos-may-have-nowhere-to-hide-from-canadian-securities-laws/

Thanks, Daniel. Another great article.

Here is my favorite:

"While the Bloomberg writers are correct about bitcoin being a peer-to-peer digital currency (well done guys), the fact that it is a liability of nobody is precisely what gives it value. The fact that it cannot be inflated or controlled by a central authority and is answerable to nobody and beholden to nobody is precisely what gives it value."

That is very nice of you to have included DNotes, amarian12. We appreciate that very much. Let us know if there is anything that we can be helpful. Meanwhile, we wish you every success.

https://dcebrief.com/bloomberg-editors-reveal-how-little-they-know-about-bitcoin-or-cryptocurrency/

Thank you amarian12! For those that may not recall, amarian12 and e-pool were among the first to support DNotes, we appreciate your support and wish you all the best in your new exchange endeavour.

I have nothing but good things to say about this exchange so far. I made a deposit error, and their support response time was around 15 minutes. While we were still on Poloniex, a good response time for support was a week. This exchange looks like it will be beginner friendly, and if it is anything like their pools will be very stable. Their listing criteria is also much more extensive than other exchanges, so you can expect there is a lower likelihood of cryptocurrencies they choose to list being involved in anything illegal or immoral.

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At Nlexch, we look for coins that have high community demand, innovations to digital currency technology, or a contribution to science or humanity. Given the demand for currency launches, we limit ourselves to only a handful a week.Launching is free and at our discretion.

Note that we cannot list currencies where its primary purpose is to support illegal gambling, illegal drug sales, or any other activity that is illegal in our jurisdiction. We also cannot list currencies that would be construed as a security such as digital currencies that promise/market profits or represent shares of a company. At our discretion, we may require an additional compliance fee for listing. These happen in the extraordinary cases where your coin's use case is extremely complex and requires significant research by our staff to determine suitability.

To help speed up the process of deploying your coin, we require the following information submitted through our support ([email protected])
-Coin Name
-Description of your coin - Why does it exist and what makes it unique? What new technology or business concept are you bringing to the blockchain?
-Coin trading symbol - The ticker needs to be 3-5 letters and cannot contain any symbols or numbers. Please verify that your preferred symbol is not already in use on our exchange or any other. There are a number of services that track coin prices that require the symbols to be unique. -Even if the symbol is not on our exchange anymore, we won't reuse it. Consider your symbol carefully because we will not change it once it is set.
-A logo for your coin - png format with a transparent background. The logo should be square with dimensions of 1000x1000 pixels with no white space on its border and no taglines. It should only be a logo and expect it to show up in multiple spots in out websites.
-Launch Date (past or future)
-Github Link - We only accept source code. We will not run a binary that you provide us.
-Did you raise money/bitcoin to launch your coin? (i.e. a CFC/ICO)
-Did you have a premine? How much is it? Is it escrowed?
-What is the max money supply for your coin?
-Exchanges you are currently on
-Official blockchain explorer
-What is your TxFee for a transaction
-Any social media information such as your official website, twitter account, facebook page, subreddit, etc.

Where 2FA is used to add another factor of certainty that the user has access rights, SMS can be useful. But using SMS to enable password reset is a great risk because you are relying on the phone security, and the service provider refusing to transfer the number to a different SIM without sufficient authorisation.

It is like that crazy scheme of protecting your account with a password that contains very high entropy, but if the 'user' forgets it, they can then gain access to the account with simple questions that can be answered by searching their Facebook account. Poorly implemented 2FA can reduce security instead of increasing it. DNotes Global Inc. always do their research and never rush into untested solutions, so I'm sure they'll get this right.

Agreed, amazing work Tim and Daniel, clearly a great deal of effort into writing this article and strategic positioning behind the message. This has the potential to capture the attention of the financial institutions and other major organizations and give them some insight into how they can benefit from our industry.