Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 231. (Read 148870 times)

"I do have a tiny bit of advice for anyone that is thinking of purchasing Dnotes. Register now at the exchanges where DNotes are sold, because some of the other exchanges are disabling new user registrations in order to upgrade for the influx of new cryptocurrency users."

Thanks, Chase. That is an excellent advice. I could not give away DNotes to some of my family and friends four years ago. Now some of them are struggling to figure out how to open an account at an exchange. It is insane. Two days ago, a ten year kid did a Google search and asked if I was the creator of Bitcoin. I had a good laugh and hope that Business Week wouldn't come knocking on my door.

Hi Obrien-Harold. Welcome and thank you for your interest in DNotes. I am glad that you discovered us, perhaps before many others in the coming months. DNotes will be four years in the making on February 18, 2018.

Biased aside, DNotes is the most undervalued digital currency relative to our industry peers. It is quite unfortunate that Poloniex delisted DNotes, due to low trading volume, when we needed them most. Undoubtedly, it is challenging for investors to acquire a large position of DNotes currently due to the limited availability at a few small exchanges. Given the constraints, I agree that your best option is be in the position to acquire DNotes in smaller amount at Cryptopia as they become available at your price points. 

Feel free to connect me on LinkedIn (Alan Yong) if I can be of help.

Hi Obrien-Harold and welcome to DNotes.

"I'll do it slowly and carefully" - Good plan - you don't want to have too much bitcoin sitting on an exchange at one time.

I do have a tiny bit of advice for anyone that is thinking of purchasing Dnotes. Register now at the exchanges where DNotes are sold, because some of the other exchanges are disabling new user registrations in order to upgrade for the influx of new cryptocurrency users. That will send the overflow to other exchanges, and should they get over-loaded, it would be a shame not to have an account at an exchange to buy DNotes when the time is right.

Note: C-Cex is not processing DNotes withdrawals until after Jan 20th. Was their Christmas vacation just an upgrade in disguise? 

Thank you,
As you suggested, I'll do it slowly and carefully.

I appreciate your advice.
I will wait a few days for a seller with enough DNotes.

Bank of England: No Plans for Central Bank Cryptocurrency

https://dcebrief.com/bank-of-england-no-plans-for-central-bank-cryptocurrency/

So far we haven't had any reported problems with them and DNotes has been listed there for over a year. Though, I would recommend to air on the side of caution, and take it slowly. We also don't recommend using an exchange for storage of DNotes. As Denver Dan has mentioned, we do offer an online vault, with a matching guarantee fund at DNotesVault.com, run by the DNotes Team.

DNotes / DNotes Global, Inc does not offer sale of DNotes, and private transactions carry much more risk, so we don't generally recommend taking that approach. Though I do understand the challenge, if you would like to acquire a larger amount of DNotes, unfortunately I do not have a solution to provide.

I did not see much positive feedback about cryptopia .co.nz , Is this market reliable?

Another problem is that due to lack of supply if I put my money on the market, the price will increase excessively, I was hoping to invest at under 0.2$

Do you have any suggestions for this problem? How can I find a major seller?

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Every exchange has their days, but my experience with Cryptopia has been good, and it's beginner friendly.  Good news is, NOTE's are still under 0.2$, bad news, there's only 3.3M total available on Cryptopia.  Someone might chime in here in the forum to sell you some.  My guess is since DNotes is getting close to launching the new blockchain, not too many people are going to sell that many right now.  Good luck, and let me know if you need help.

Hello Denver Dan,

Thank you for your help. My problem is supply shortages in this market.

Thank you DNotes,

I did not see much positive feedback about cryptopia .co.nz , Is this market reliable?

Another problem is that due to lack of supply if I put my money on the market, the price will increase excessively, I was hoping to invest at under 0.2$

Do you have any suggestions for this problem? How can I find a major seller?

Hi Obrien-Harold,  First, you will need to have BTC (Bitcoin), in order to buy NOTE (DNotes).  Depending on where you live, you'll need to set up an account (www.buybitcoinworldwide.com) to buy BTC.  Then transfer it to an exchange.  I find Cryptopia to be the most fluid, with the most NOTE's available.  Cryptopia is easy to sign up on, and easy to use.  I've never had problems there.  Once you've bought your DNotes there, you can send them to the DNotes vault (www.dnotesvault.com) for safe keeping.  Let me know if you need more specific information, and I would be happy to help you.  

Welcome Obrien-Harold, thank you for joining us on the forum and appreciate your interest in DNotes. That is correct, we haven't actively used reddit in a while, it may need some updating.

DNotes are exchanged on the open markets, and our current most popular exchanges are:
https://www.cryptopia.co.nz/Exchange/?market=NOTE_BTC
https://c-cex.com/?p=note-btc
As well as a few others listed at the bottom of DNotesCoin.com.

Hello Dnotes team,

I would like to invest in Dnotes, but apparently there is no credible exchange markets for this coin.
Your Reddit page   r/DNotes/   recommends   poloniex/exchange#btc_note  and   allcoin/trade/NOTE_BTC
None of them exists!!

I found one or two unfamiliar exchange markets that are trading your coin, but they have a low trust rating and bad reputations (On mywot .com), furthermore their amount of supply (sell orders) is next to nothing!
Why this coin doesn't have a reliable market for supply?

Where can i invest in Dnotes with a sufficient supply and reasonable price(I would like to invest up to 3-3.5 million Dnotes)?
I can invest with either bitcoin or bank transfer.

Thank you.

Thanks Chase! I would encourage everyone to give an opinion on this topic. This change is ultimately for the benefit of DNotes and all of it's current and future stakeholders and your feedback is important to us.

I may be a bit biased, but in my opinion this is the most well thought out (and fairest) strategy I've seen for making cryptocurrency an investment for everyone. The total potential staking reward is similar to the average historical return in the stock market - 7%. Paying a staking reward out forever, allows everyone to get a relatively stable return on their investment over the years, and also means it will never be too late to start buying DNotes. 

To add to what Alan has mentioned. The rate of growth for the POS / CRISP model for the individual is proportional to the rate of growth of the network (network goes up 8% and you get 8% of your DNotes). Whereas with POW and the existing model the rate of growth is not proportional to the rate of growth for individual (network goes up 10% and you get 0%).

In the existing DNotes POW model, 1,000,000 new DNotes are created every month and those DNotes go to the miners, those that own DNotes currently do not get a share in that and this creates a drag on the value. The individual is essentially paying a 'tax' of sorts to secure the network.

In the POS / CRISP model. An estimated 850,000 new DNotes would be created in a month (it would be lower depending on the number of people who are saving for CRISP) and given to those with an invested interest in DNotes. Instead of buying mining equipment, they had to buy DNotes, in order to secure the network and generate a CRISP interest payment. The 'tax' for securing the network is instead distributed to the users.

In addition, in the POS/CRISP model. The recipients of the newly minted DNotes have significant reason to be interested in the price of DNotes, and significant reason to save rather than sell their DNotes. Opposed to the POW model where miners are incentivized to move between networks and sell just as fast as they can mine the coins.

Lastly, as Alan mentioned, it would take decades in the existing POW model, to realize any significant reduction in supply that would have a real impact on the value.

If you compare the two models objectively, in just about every aspect, POS / CRISP is more beneficial to the individual DNotes stakeholder.

As a bit of an exaggerated and oversimplified example: Imagine 100 people all in a room. Each person starts with $10 dollars. We have two options:
1) Each person gets $1 every day, but we do this forever.
2) Bob and Alice each get $50 every day, because they are the designated miners, but we will only give them $50 each for the next 100 years.
Sure, if you were Bob or Alice, you would likely vote for option 2. But if you were John or anyone else in the room, not one of the miners, which option would you chose?

http://dnotescoin.com/dnotes-global-inc-ceo-alan-yong-shares-view-on-the-ico-conundrum-a-challenge-beyond-the-sec-mandate/

We all should make our own investment decision based on our comfort level and risk appetite. As a rule, never invest more than you can afford to lose in case of a total loss.  

It is a good practice to maintain a balanced investment portfolio and not put all your eggs in one basket, no matter how promising it looks. Additionally, it helps to gain a good understanding of the business model applicable to the specific investment. I generally would take the “highway” and move on if the business model is not cohesive, incomplete, or one that I do not understand. Unfortunately, many of the offerings in our industry fall under this category. That is a little troubling.

The current DNotes model is capped at 500 million, which will not max out for generations as a Proof of Work (PoW) coin. Moving on, DNotes 2.0 is a Proof of Stake (POS) coin. It is best suited in the fulfillment of our commitment to encourage long-term savings and making it accessible for everyone to participate in the most meaningful and rewarding way. This model is pro-savings and pro-stakeholders’ interest verses getting rich over-night. It is consistent with out long-term push for DNotes to gain mass acceptance. Most importantly, it will work just as well today, as it will 500 years from now.

We have no doubt that this model, coupled with DNotesVault and our fully integrated ecosystems, will be proven to be far superior for our stakeholders than other models more tilted towards speculative trading. In addition, DNotes Global will be a significant contributor to DNotes intrinsic value. Our cross-ownership model will also be beneficial across a board spectrum collaboration and partnerships using DNotes as the digital currency of choice.

Edited for clarification per request:

“No Cap” may be misleading. The rate of growth is actually capped, based on the issuance of new DNotes for payment of staking reward (2% per year) + monthly CRISP reward (1.66% every 30 days or 2% per year) + annual CRISP reward (4% every 365 days.) The annual total is approximately 8%. That is the annual growth rate and in proportion to your ownership of DNotes, if you participate in full. If we cap it there will be a time, generations from now, we will not have the DNotes to support this program. Consequently, the reward program will end or corrected with a new fork, which can be challenging as we have seen with Bitcoin.

I am heading off to a meeting as part of my search for Board members and Board of advisors. I encourage our community to continue the discussion and further clarify this important matter. We are always mindful of the best interest of DNotes' stakeholders. Thanks.

"In the depths of winter I learned that within me there lay an invincible summer."
- Camus

Nice screen name!

Ethereum, for example, also does not have a cap. Hasn't seem to hurt its price