https://www.youtube.com/watch?v=ar8C7xBgpIE
Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 226. (Read 148848 times)
For anyone new, or looking to give people a good idea of what DNotes is all about. This is another excellent video from Tim.
https://www.youtube.com/watch?v=ar8C7xBgpIE
https://www.youtube.com/watch?v=ar8C7xBgpIE
I just came across this and thought it is worth sharing. It has been fairly well established that known ICOs to date involved the sale of tokens that are not registered or exempt with the SEC though they are deemed securities under U.S. law. I am concerned that this will not end well. It is damaging to our industry and could lead regulators and enforcement agents to over-react.
More than ever, it is important for investors to do their homework before investing. DNotes is always committed to do the right thing. We encourage you to do a deep research on us and feel free to ask any question.
Silver Miller Law Firm Files Class Action Against Giga Watt ICO Claiming Sales of Unregistered Securities
January 4, 2018 @ 8:01 am By JD Alois
Any US based initial coin offering (ICO) that raised a fair amount of money and did not file for a securities exemption should be quite nervous now. Giga Watt, an ICO that raised $20 million last summer, was hit with a class action lawsuit by the law firm of Silver Miller as a Christmas present last week.
The allegations have now become fairly standard as the plaintiff, StormsMedia, alleges that Giga Watt conducted an unregistered offering of securities. Something that is obviously against the law.
But, like many other lawsuits filed against a successful ICO, the complaint goes further stating:
• Defendants appear to have already pocketed for themselves large sums of money
• It appears Plaintiff et al will not see any return on their investment
• Defendants used deceptive activity and intentional deprivation of investor rights and protection
• and much more…
StormsMedia may not be very happy that when it (and others) invested the price of Bitcoin etc. was rather low.
In the ensuing months, the price of many cryptocurrencies rocketed. The complaint estimates the investment of $20 million is now worth over $100 million. For StormsMedia, their investment is now pegged at a valuation of $5.1 million. Perhaps it would have been better for the investors to have not invested at all? Yes, a rhetorical question.
The Plaintiff apparently requested a recision of the deal back on November 22, 2017. The Defendants have “failed to provide a meaningful response” to the demand – allegedly in violation of the terms of their own white paper including terms for an investor remedy.
David Silver, from Silver Miller, told Crowdfund Insider that all pre-functional tokens promised in an ICO fit the definition of the sale of a security which means the seller has to comply with US securities law;
“In this case, the defendant — whether intentionally or not — did neither and is therefore strictly liable for offering and selling unregistered securities,” said Miller. “Just because utility tokens might one day have a consumptive use does not remove them from being a “security” prior to that use. Promoting the expectation of profit from pre-functional tokens, like Giga Watt did and continues to do, is by definition the sale of a security; and this case will hold Giga Watt accountable for its actions.”
Miller added they are pursuing a longer list of crypto companies that are allegedly in breach of US securities law;
“We currently have pending cases against Coinbase, Kraken, Tezos, Monkey Capital and Giga Watt. I expect more to be filed as 2018 progresses,” said Silver.
Having $100 million in crypto & cash is a pretty fat target for disgruntled investors. Lawyers almost always win in a case like this. Everyone else, well that depends. Giga Watt is most certainly lawyering up – just as every other US based ICO that raised big money, minus a Form D, should be doing now as suing ICO issuers is becoming a cottage industry of sorts.
Source: https://www.crowdfundinsider.com/2018/01/126633-silver-miller-law-files-class-action-giga-watt-ico-claiming-sales-unregistered-securities/
More than ever, it is important for investors to do their homework before investing. DNotes is always committed to do the right thing. We encourage you to do a deep research on us and feel free to ask any question.
Silver Miller Law Firm Files Class Action Against Giga Watt ICO Claiming Sales of Unregistered Securities
January 4, 2018 @ 8:01 am By JD Alois
Any US based initial coin offering (ICO) that raised a fair amount of money and did not file for a securities exemption should be quite nervous now. Giga Watt, an ICO that raised $20 million last summer, was hit with a class action lawsuit by the law firm of Silver Miller as a Christmas present last week.
The allegations have now become fairly standard as the plaintiff, StormsMedia, alleges that Giga Watt conducted an unregistered offering of securities. Something that is obviously against the law.
But, like many other lawsuits filed against a successful ICO, the complaint goes further stating:
• Defendants appear to have already pocketed for themselves large sums of money
• It appears Plaintiff et al will not see any return on their investment
• Defendants used deceptive activity and intentional deprivation of investor rights and protection
• and much more…
StormsMedia may not be very happy that when it (and others) invested the price of Bitcoin etc. was rather low.
In the ensuing months, the price of many cryptocurrencies rocketed. The complaint estimates the investment of $20 million is now worth over $100 million. For StormsMedia, their investment is now pegged at a valuation of $5.1 million. Perhaps it would have been better for the investors to have not invested at all? Yes, a rhetorical question.
The Plaintiff apparently requested a recision of the deal back on November 22, 2017. The Defendants have “failed to provide a meaningful response” to the demand – allegedly in violation of the terms of their own white paper including terms for an investor remedy.
David Silver, from Silver Miller, told Crowdfund Insider that all pre-functional tokens promised in an ICO fit the definition of the sale of a security which means the seller has to comply with US securities law;
“In this case, the defendant — whether intentionally or not — did neither and is therefore strictly liable for offering and selling unregistered securities,” said Miller. “Just because utility tokens might one day have a consumptive use does not remove them from being a “security” prior to that use. Promoting the expectation of profit from pre-functional tokens, like Giga Watt did and continues to do, is by definition the sale of a security; and this case will hold Giga Watt accountable for its actions.”
Miller added they are pursuing a longer list of crypto companies that are allegedly in breach of US securities law;
“We currently have pending cases against Coinbase, Kraken, Tezos, Monkey Capital and Giga Watt. I expect more to be filed as 2018 progresses,” said Silver.
Having $100 million in crypto & cash is a pretty fat target for disgruntled investors. Lawyers almost always win in a case like this. Everyone else, well that depends. Giga Watt is most certainly lawyering up – just as every other US based ICO that raised big money, minus a Form D, should be doing now as suing ICO issuers is becoming a cottage industry of sorts.
Source: https://www.crowdfundinsider.com/2018/01/126633-silver-miller-law-files-class-action-giga-watt-ico-claiming-sales-unregistered-securities/
So, the law firm is suing the issuer of the ICO on behalf of investors who feel they have lost money to the deal? It looks like their list of upcoming suits is against exchanges. Did those exchanges conduct their own ICOs or simply facilitate the ICOs themselves?
Wiser, I do not know all the facts and circumstances. It appears that they are going after the issuer of the ICO in a class action lawsuit, on behalf of all investors. It is quite common that they cast a wide net to include exchanges and other individuals. This can end up being very destructive.
I just came across this and thought it is worth sharing. It has been fairly well established that known ICOs to date involved the sale of tokens that are not registered or exempt with the SEC though they are deemed securities under U.S. law. I am concerned that this will not end well. It is damaging to our industry and could lead regulators and enforcement agents to over-react.
More than ever, it is important for investors to do their homework before investing. DNotes is always committed to do the right thing. We encourage you to do a deep research on us and feel free to ask any question.
Silver Miller Law Firm Files Class Action Against Giga Watt ICO Claiming Sales of Unregistered Securities
January 4, 2018 @ 8:01 am By JD Alois
Any US based initial coin offering (ICO) that raised a fair amount of money and did not file for a securities exemption should be quite nervous now. Giga Watt, an ICO that raised $20 million last summer, was hit with a class action lawsuit by the law firm of Silver Miller as a Christmas present last week.
The allegations have now become fairly standard as the plaintiff, StormsMedia, alleges that Giga Watt conducted an unregistered offering of securities. Something that is obviously against the law.
But, like many other lawsuits filed against a successful ICO, the complaint goes further stating:
• Defendants appear to have already pocketed for themselves large sums of money
• It appears Plaintiff et al will not see any return on their investment
• Defendants used deceptive activity and intentional deprivation of investor rights and protection
• and much more…
StormsMedia may not be very happy that when it (and others) invested the price of Bitcoin etc. was rather low.
In the ensuing months, the price of many cryptocurrencies rocketed. The complaint estimates the investment of $20 million is now worth over $100 million. For StormsMedia, their investment is now pegged at a valuation of $5.1 million. Perhaps it would have been better for the investors to have not invested at all? Yes, a rhetorical question.
The Plaintiff apparently requested a recision of the deal back on November 22, 2017. The Defendants have “failed to provide a meaningful response” to the demand – allegedly in violation of the terms of their own white paper including terms for an investor remedy.
David Silver, from Silver Miller, told Crowdfund Insider that all pre-functional tokens promised in an ICO fit the definition of the sale of a security which means the seller has to comply with US securities law;
“In this case, the defendant — whether intentionally or not — did neither and is therefore strictly liable for offering and selling unregistered securities,” said Miller. “Just because utility tokens might one day have a consumptive use does not remove them from being a “security” prior to that use. Promoting the expectation of profit from pre-functional tokens, like Giga Watt did and continues to do, is by definition the sale of a security; and this case will hold Giga Watt accountable for its actions.”
Miller added they are pursuing a longer list of crypto companies that are allegedly in breach of US securities law;
“We currently have pending cases against Coinbase, Kraken, Tezos, Monkey Capital and Giga Watt. I expect more to be filed as 2018 progresses,” said Silver.
Having $100 million in crypto & cash is a pretty fat target for disgruntled investors. Lawyers almost always win in a case like this. Everyone else, well that depends. Giga Watt is most certainly lawyering up – just as every other US based ICO that raised big money, minus a Form D, should be doing now as suing ICO issuers is becoming a cottage industry of sorts.
Source: https://www.crowdfundinsider.com/2018/01/126633-silver-miller-law-files-class-action-giga-watt-ico-claiming-sales-unregistered-securities/
More than ever, it is important for investors to do their homework before investing. DNotes is always committed to do the right thing. We encourage you to do a deep research on us and feel free to ask any question.
Silver Miller Law Firm Files Class Action Against Giga Watt ICO Claiming Sales of Unregistered Securities
January 4, 2018 @ 8:01 am By JD Alois
Any US based initial coin offering (ICO) that raised a fair amount of money and did not file for a securities exemption should be quite nervous now. Giga Watt, an ICO that raised $20 million last summer, was hit with a class action lawsuit by the law firm of Silver Miller as a Christmas present last week.
The allegations have now become fairly standard as the plaintiff, StormsMedia, alleges that Giga Watt conducted an unregistered offering of securities. Something that is obviously against the law.
But, like many other lawsuits filed against a successful ICO, the complaint goes further stating:
• Defendants appear to have already pocketed for themselves large sums of money
• It appears Plaintiff et al will not see any return on their investment
• Defendants used deceptive activity and intentional deprivation of investor rights and protection
• and much more…
StormsMedia may not be very happy that when it (and others) invested the price of Bitcoin etc. was rather low.
In the ensuing months, the price of many cryptocurrencies rocketed. The complaint estimates the investment of $20 million is now worth over $100 million. For StormsMedia, their investment is now pegged at a valuation of $5.1 million. Perhaps it would have been better for the investors to have not invested at all? Yes, a rhetorical question.
The Plaintiff apparently requested a recision of the deal back on November 22, 2017. The Defendants have “failed to provide a meaningful response” to the demand – allegedly in violation of the terms of their own white paper including terms for an investor remedy.
David Silver, from Silver Miller, told Crowdfund Insider that all pre-functional tokens promised in an ICO fit the definition of the sale of a security which means the seller has to comply with US securities law;
“In this case, the defendant — whether intentionally or not — did neither and is therefore strictly liable for offering and selling unregistered securities,” said Miller. “Just because utility tokens might one day have a consumptive use does not remove them from being a “security” prior to that use. Promoting the expectation of profit from pre-functional tokens, like Giga Watt did and continues to do, is by definition the sale of a security; and this case will hold Giga Watt accountable for its actions.”
Miller added they are pursuing a longer list of crypto companies that are allegedly in breach of US securities law;
“We currently have pending cases against Coinbase, Kraken, Tezos, Monkey Capital and Giga Watt. I expect more to be filed as 2018 progresses,” said Silver.
Having $100 million in crypto & cash is a pretty fat target for disgruntled investors. Lawyers almost always win in a case like this. Everyone else, well that depends. Giga Watt is most certainly lawyering up – just as every other US based ICO that raised big money, minus a Form D, should be doing now as suing ICO issuers is becoming a cottage industry of sorts.
Source: https://www.crowdfundinsider.com/2018/01/126633-silver-miller-law-files-class-action-giga-watt-ico-claiming-sales-unregistered-securities/
So, the law firm is suing the issuer of the ICO on behalf of investors who feel they have lost money to the deal? It looks like their list of upcoming suits is against exchanges. Did those exchanges conduct their own ICOs or simply facilitate the ICOs themselves?
Whitepaper update
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Great job Tim. From what I've seen so far, you've presented a very compelling case for DNotes. I look forward to reading the rest.
Thank you, Tim. I know that we you have put in long hours to develop that White Paper. Great job. We appreciate that very much.
As recently shared on facebook, this is an amazing video Tim created when he was here over the summer outlining why DCEBrief is so important to our ecosystem.
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
Indeed. Tim did a great job. Here was my response when I saw it on Facebook:
"In 2017, we saw an unprecedented explosion of interest in digital currencies and the blockchain technology that powers them. Despite that interest, however, few would argue that Bitcoin or its rivals made a difference in the way most people live.
2017 ended much the way it began. Untold millions remained without access to basic financial services like bank accounts. Fiat currencies in many areas of the world continued to be unreliable. The world’s reserve banks and governments continued to exercise vast powers over the world’s economies. And none of the major digital currencies offered even a glimmer of hope that any of that would change any time soon.
Until now.
The Promise of Digital Currency
As 2018 emerges from the cryptocurrency excitement of the previous year, one digital currency stands posed to change that dynamic – and with it, the world. Meet DNotes, a digital currency designed to ensure that everyone around the world has access to all of cryptocurrency’s promised benefits.
When Bitcoin burst onto the scene, it held forth the promise of a world where everyday people could once again take control of their own financial destiny. Nine years later, that promise remains just that: a promise.
As other digital currencies followed in Bitcoin’s footsteps, many of them promised useful benefits for the world’s citizens too. To date, few people around the world have experienced any of those benefits. For most people, digital currency remains firmly within the realm of speculative investment.
To understand, the DNotes difference, you need to invest some time to know us. Together we can change the world for the better. Please like and share."
I like how you say that to understand the DNotes difference we need to invest some time to get to know you. That is so true. DNotes definitely has taken a different approach to most cryptocurrency projects out there. You guys are stable, for one, and that's just the tip of the iceberg. I know that if I were to get busy and not hang out here for several months, y'all would still be here when I got back, still plugging away at developing the DNotes project. My DNotes wallets are enjoying some nice gain in the mean time. Great work!
Thank you, Wiser. We spent the last four years building our ecosystems - block by block. Upon launching DNotes 2.0 before the end of this quarter, we will begin our next phase in a long journey to gain mass acceptance of DNotes in global commerce. Since DNotes is so different, involving many components, it is very important for all of us to get the DNotes story out to help the next group of investors to connect the "dots". Please feel free to contribute your ideas. Free DNotes will be harder to come by, but I will be interested, personally, to reward extra efforts.
Additionally, I will be making a donation to be paid out to our "CRISP for Kids" program and like to encourage parents and grand-parents, who have not done so, to check it out HERE: https://dnotesvault.com/crisp-for-kids.php
Whitepaper update
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Great job Tim. From what I've seen so far, you've presented a very compelling case for DNotes. I look forward to reading the rest.
Whitepaper update
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Thanks Tim! Great work, I know you have put a lot of effort into the white paper. I will work with Ken to continue to refine.
Whitepaper update
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
Hello everyone,
I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks.
I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect.
As recently shared on facebook, this is an amazing video Tim created when he was here over the summer outlining why DCEBrief is so important to our ecosystem.
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
Indeed. Tim did a great job. Here was my response when I saw it on Facebook:
"In 2017, we saw an unprecedented explosion of interest in digital currencies and the blockchain technology that powers them. Despite that interest, however, few would argue that Bitcoin or its rivals made a difference in the way most people live.
2017 ended much the way it began. Untold millions remained without access to basic financial services like bank accounts. Fiat currencies in many areas of the world continued to be unreliable. The world’s reserve banks and governments continued to exercise vast powers over the world’s economies. And none of the major digital currencies offered even a glimmer of hope that any of that would change any time soon.
Until now.
The Promise of Digital Currency
As 2018 emerges from the cryptocurrency excitement of the previous year, one digital currency stands posed to change that dynamic – and with it, the world. Meet DNotes, a digital currency designed to ensure that everyone around the world has access to all of cryptocurrency’s promised benefits.
When Bitcoin burst onto the scene, it held forth the promise of a world where everyday people could once again take control of their own financial destiny. Nine years later, that promise remains just that: a promise.
As other digital currencies followed in Bitcoin’s footsteps, many of them promised useful benefits for the world’s citizens too. To date, few people around the world have experienced any of those benefits. For most people, digital currency remains firmly within the realm of speculative investment.
To understand, the DNotes difference, you need to invest some time to know us. Together we can change the world for the better. Please like and share."
I like how you say that to understand the DNotes difference we need to invest some time to get to know you. That is so true. DNotes definitely has taken a different approach to most cryptocurrency projects out there. You guys are stable, for one, and that's just the tip of the iceberg. I know that if I were to get busy and not hang out here for several months, y'all would still be here when I got back, still plugging away at developing the DNotes project. My DNotes wallets are enjoying some nice gain in the mean time. Great work!
"To understand, the DNotes difference, you need to invest some time to know us. Together we can change the world for the better. Please like and share."
This is a key quote I believe. The current valuation model in crypto seems to rely on hype trains, and other people telling other people what they should be investing in, or building excitement over plans that are unlikely to have very much--if any--real world changing implications. Due diligence requires doing research on projects, including those that you are not aware of the fundamentals backing it. When projects begin to execute and deliver real value, that due diligence is what allows investors to get in ahead of the curve, rather than after the hype valuation model has already eradicated most of the potential gains for an investor from prior rises, since the hype train is unlikely to reliably deliver continued results, absent the support of real-world changing fundamentals.
This is a key quote I believe. The current valuation model in crypto seems to rely on hype trains, and other people telling other people what they should be investing in, or building excitement over plans that are unlikely to have very much--if any--real world changing implications. Due diligence requires doing research on projects, including those that you are not aware of the fundamentals backing it. When projects begin to execute and deliver real value, that due diligence is what allows investors to get in ahead of the curve, rather than after the hype valuation model has already eradicated most of the potential gains for an investor from prior rises, since the hype train is unlikely to reliably deliver continued results, absent the support of real-world changing fundamentals.
Voxtel to Implement Einsteinium Foundation’s EMC2 Cryptocurrency
https://dcebrief.com/voxtel-to-integrate-einsteinium-foundations-emc2-cryptocurrency/
https://dcebrief.com/voxtel-to-integrate-einsteinium-foundations-emc2-cryptocurrency/
As recently shared on facebook, this is an amazing video Tim created when he was here over the summer outlining why DCEBrief is so important to our ecosystem.
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
Indeed. Tim did a great job. Here was my response when I saw it on Facebook:
"In 2017, we saw an unprecedented explosion of interest in digital currencies and the blockchain technology that powers them. Despite that interest, however, few would argue that Bitcoin or its rivals made a difference in the way most people live.
2017 ended much the way it began. Untold millions remained without access to basic financial services like bank accounts. Fiat currencies in many areas of the world continued to be unreliable. The world’s reserve banks and governments continued to exercise vast powers over the world’s economies. And none of the major digital currencies offered even a glimmer of hope that any of that would change any time soon.
Until now.
The Promise of Digital Currency
As 2018 emerges from the cryptocurrency excitement of the previous year, one digital currency stands posed to change that dynamic – and with it, the world. Meet DNotes, a digital currency designed to ensure that everyone around the world has access to all of cryptocurrency’s promised benefits.
When Bitcoin burst onto the scene, it held forth the promise of a world where everyday people could once again take control of their own financial destiny. Nine years later, that promise remains just that: a promise.
As other digital currencies followed in Bitcoin’s footsteps, many of them promised useful benefits for the world’s citizens too. To date, few people around the world have experienced any of those benefits. For most people, digital currency remains firmly within the realm of speculative investment.
To understand, the DNotes difference, you need to invest some time to know us. Together we can change the world for the better. Please like and share."
As recently shared on facebook, this is an amazing video Tim created when he was here over the summer outlining why DCEBrief is so important to our ecosystem.
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
http://dnotescoin.com/dcebrief-why-its-important-to-the-dnotes-ecosystem/
So this is only tangentially related to DNotes, but wanted to still post about a fun personal milestone.
I've been working over the Holidays with my Vietnam team, to get us all setup to accept Bitcoin. We went live with it today, and just a few moments ago, we got our first order of our software using Bitcoin. w00t!
Looking forward to the day when I can have us accepting NOTE as well
I've been working over the Holidays with my Vietnam team, to get us all setup to accept Bitcoin. We went live with it today, and just a few moments ago, we got our first order of our software using Bitcoin. w00t!
Looking forward to the day when I can have us accepting NOTE as well
Awesome MiningHabit! Congrats. We plan to make it significantly easier to accept payments using DNotes in the near future.
So this is only tangentially related to DNotes, but wanted to still post about a fun personal milestone.
I've been working over the Holidays with my Vietnam team, to get us all setup to accept Bitcoin. We went live with it today, and just a few moments ago, we got our first order of our software using Bitcoin. w00t!
Looking forward to the day when I can have us accepting NOTE as well
I've been working over the Holidays with my Vietnam team, to get us all setup to accept Bitcoin. We went live with it today, and just a few moments ago, we got our first order of our software using Bitcoin. w00t!
Looking forward to the day when I can have us accepting NOTE as well
All, doing some cleanup. If you can help find old links or references to sites that no longer work, that would be helpful.
DNotes Forum History - It's all here, you just have to look...
On September 18, 2017, Steven Wasserman of Vments dropped in at the DNotes forum after an interview on DCEBrief - https://dcebrief.com/steve-wasserman-vments-will-meet-incumbent-financial-services-demand-for-digital-innovation-in-an-environment-that-threatens-their-relevance/
From the Vments website:
Steve Wasserman: “Vments will meet incumbent financial services demand for digital innovation in an environment that threatens their relevance.”
From DCEBrief
Link to Article
"This article was published by DCEBrief (Digital Currency Executive Brief - https://dcebrief.com) as an interview of Vments founder Steven Wasserman.
Vments is pleased to explore collaboration with DNotes Global Inc (http://dnotescoin.com) to provide a bridge between DNotes and other cryptocurrencies with Vments Virtual Fiat Money to enable widespread adoption and integration between the cryptocurrency world and Vments ecosystem and network of banks and financial services companies. This can enable bill and merchant payments using cryptocurrencies converted real time to VFM similar to how current credit and debit transactions can post foreign currency transactions through the existing payment rails. VFM is settled in real time with the merchant or vendor who can then either redeem it to a legacy bank account or reuse the VFM out of their CommunityVcash enabled account to make other payments."
https://www.vments.com/news/2017/9/15/steve-wasserman-vments-will-meet-incumbent-financial-services-demand-for-digital-innovation-in-an-environment-that-threatens-their-relevance
Thank you very much to Steve and the team at Vments for working with me on the interview.
Vments have a lot of fascinating content and product offerings listed at their website that have a high degree of potential to facilitate collaboration between Vments and DNotes in the future -- especially given our plan to integrate the frictionless means to convert DNotes or other crypto to merchant POS spending via fiat conversion. I could personally see the Vments ecosystem benefiting the DNotes multi-currency card and banking network in the following way, as I will outline one potential use case below.
Spending of cryptocurrency using the DNotes multi-currency *debit* card could trigger the following process:
Any crypto converted into DNotes via DNotes' decentralized exchange >
DNotes are converted into fiat through our regulated exchange (fiat gateway) >
USD transfer from the fiat gateway exchange into the DNotes bank >
Forwarding of funds from DNotes bank to partner bank accounts (nostro accounts)> (particular benefit here)
Forwarding of payment to local merchant that multi-currency card is used to make purchase of goods or services.
The process above would be designed to be seamless and near-instant, and Vments work in the area of inter-bank payment flows could massively benefit some of these processes - namely, inter-bank money flows in different countries. This could allow debits to be made from checking accounts with instant movement of funds across the entire process, rather than current 'credits' being made in lieu of physical money transfer as is the case with credit card systems today. This would allow users to avoid a lot of the fees common with credit card systems. Currently some projects allow for integration with the visa network to spend cryptocurrencies, the above model is different in that it brings the 'authentication', 'liquidity provider' / 'exchange' and 'banking' network under the same roof as the operators of the currency & card issuer, which means they can be more tightly integrated with more cost effective revenue models.
This is just an example of how such collaboration could work. There are many others.
Vments have a lot of fascinating content and product offerings listed at their website that have a high degree of potential to facilitate collaboration between Vments and DNotes in the future -- especially given our plan to integrate the frictionless means to convert DNotes or other crypto to merchant POS spending via fiat conversion. I could personally see the Vments ecosystem benefiting the DNotes multi-currency card and banking network in the following way, as I will outline one potential use case below.
Spending of cryptocurrency using the DNotes multi-currency *debit* card could trigger the following process:
Any crypto converted into DNotes via DNotes' decentralized exchange >
DNotes are converted into fiat through our regulated exchange (fiat gateway) >
USD transfer from the fiat gateway exchange into the DNotes bank >
Forwarding of funds from DNotes bank to partner bank accounts (nostro accounts)> (particular benefit here)
Forwarding of payment to local merchant that multi-currency card is used to make purchase of goods or services.
The process above would be designed to be seamless and near-instant, and Vments work in the area of inter-bank payment flows could massively benefit some of these processes - namely, inter-bank money flows in different countries. This could allow debits to be made from checking accounts with instant movement of funds across the entire process, rather than current 'credits' being made in lieu of physical money transfer as is the case with credit card systems today. This would allow users to avoid a lot of the fees common with credit card systems. Currently some projects allow for integration with the visa network to spend cryptocurrencies, the above model is different in that it brings the 'authentication', 'liquidity provider' / 'exchange' and 'banking' network under the same roof as the operators of the currency & card issuer, which means they can be more tightly integrated with more cost effective revenue models.
This is just an example of how such collaboration could work. There are many others.
Tim, that was an excellent interview. Steve has very high regards for DNotes and has been following us for quite a while. I have spoken to him and very impressed with what Vments has to offer. Although some collaborations in the future is very possible, we need to be mindful that anything to do with banking these days will that a long time to jump through a lot of legal hurdles. Especially because of the current market conditions, we will that our time to seek out the best opportunities and do things right.
I agree with Alan that this is definitely one to watch, while taking careful, sure steps as the ground beneath cryptocurrencies becomes more solid and predictable.
And I'm really glad that DNotes has such talent, including TeeGee to make sense of all of those buzz words used in the article. To me, the meanings of a lot of the terms were unfamiliar, but not entirely vague.
But what really caught my attention was, "At the core of the technology is Virtual Fiat Money (VFM) which flows through account types CommunityVcash and CommunityVcredit established by participating financial institutions in their local base currency."
I assumed that both of these were a permissioned blockchain cryptocurrency that is pegged to a particular currency. I then imagined it was used to symbolise a transfer of value in some way, but I really would like to know more about it. Like does this virtual fiat currency have a tag in the transaction saying which currency it is pegged to and the peg value? Do they actually buy the virtual fiat from Vments at the pegged currency rate and the Vments sell this back to the receiver as a different fiat currency according to the predetermined pegged value?
So much to think about, so I hope there is a follow up article with more concrete details once that information is ready for public disclosure. And again I wonder if this DNotes thread might be the most broadly informative thread on bitcointalk.org.
Thanks, Tim. Vments platform is a private and permissioned blockchain functional ecosystem and network of financial institutions.
I sometime see the decentralized world and the centralized world as two extremely ends of the spectrum. Neither one is perfect but each has massive potential. A bridge that can negotiate the gap in a well balanced manner can reap great rewards. That is what DNotes Global, Inc. is destined to become. It will take time and many great strategic moves, collaborations, and partnership.
and what about wallet , so i would like to send my dnotes to wallet and they will be automatically swaped in wallet ?
If you have not done so, it is best to create a wallet at the DNotesVault where your DNotes will be swapped automatically when DNotes 2.0 is launched. Private wallets will involve a simple process to be announced later.
Visit DNotesVault HERE: https://dnotesvault.com/register
qt wallet . Why dnotesvault is better than qt wallet ?
is dnotesvault like online dnote wallet ?
HI lxxtikk
Yes, the DNotesVault is an online accessible wallet we created to make storing DNotes safe for our community. All funds are stored in cold storage, and deposits are guaranteed for maximum security.
I would highly recommend using it. We will be releasing a new QT wallet along with DNotes 2.0 in the coming months. Storing your DNotes at dnotesvault.com will mean that you won't need to do anything when we swap our DNotes tokens for the new currency (2.0). The vault will do this automatically for you. So that's an extra consideration.
and what about wallet , so i would like to send my dnotes to wallet and they will be automatically swaped in wallet ?
If you have not done so, it is best to create a wallet at the DNotesVault where your DNotes will be swapped automatically when DNotes 2.0 is launched. Private wallets will involve a simple process to be announced later.
Visit DNotesVault HERE: https://dnotesvault.com/register
qt wallet . Why dnotesvault is better than qt wallet ?
is dnotesvault like online dnote wallet ?
Welcome lxxtikk! What Alan was suggesting is that if you send your DNotes to DNotesVault.com, which is an online web vault for your DNotes run by the DNotes team and backed by a matching guarantee fund, is that your DNotes will automatically be swapped to DNotes 2.0 when the 1:1 coin swap occurs. You can use your desktop wallet, and still participate in the swap, but it will be semi-manual process. You can sign up for our newsletter on DNotesCoin.com to stay up to date and be notified of the coin swap. Thanks!
and what about wallet , so i would like to send my dnotes to wallet and they will be automatically swaped in wallet ?
If you have not done so, it is best to create a wallet at the DNotesVault where your DNotes will be swapped automatically when DNotes 2.0 is launched. Private wallets will involve a simple process to be announced later.
Visit DNotesVault HERE: https://dnotesvault.com/register
qt wallet . Why dnotesvault is better than qt wallet ?
is dnotesvault like online dnote wallet ?
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