Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 235. (Read 148868 times)

Your point 4 is the only one I disagree with. In my experience, these extreme and fringe groups have the least consistent internal culture and are most likely to break up into more factions. The only one I know that breaks that rule seems to be the NRA in the US. Instead, I'd like to propose an alternate theory about why the extremes have the loudest voice.

Most people, by definition, share a majority point of view which is neither unusual or newsworthy. Fringe groups and extremists, also by definition, have unique and sometimes outrageous points of view. These groups are much more newsworthy and are much more likely to be shared on social media, both by those that agree and those that are upset by them.

I think this natural phenomenon is a great thing because it amplifies the new ideas and generates reaction and discussion in mainstream cultures. Unfortunately the Internet has continued to build algorithms that amplify the effect so that the offensive and extreme points of view have an abnormal dominance in our media feeds. This effect has then been monitized so frequently that it earned the term 'click bait'.


As for the term "made it" everyone has different measures for that. For a long time my benchmark was whether it had appeared on The Simpsons. Ethereum has certainly done well and always sits in prime positions on the charts. But I think it has not reached anything like its potential.

I tried for a long time to get a full node working and as tenacious as I am, gave up in frustration. During this ordeal I came across many pages and tutorials looking for workarounds to their problems and felt like I was only one of a vast number of people experiencing the same frustrations. And while Ethereum executes a phenomenal number of transactions per day and currently leads in this regard, I still hold the opinion that a shift to POS will further enhance its performance. So if they have made it now, it will be fun to see where they end up once running a full node is something my mother can set up, and doing so won't take a performance hit out of her computer.

I find this whole scenario absolutely fascinating and am really hoping that at least the infrastructure and coding is solid, and the petro does indeed get released soon.

1) Venezuela has the 'first to market' advantage for a nation to introduce their own cryptocurrency.

2) I believe it will also be the cryptocurrency backed by the highest real-world value.

3) Unlike other considerations for a national cryptocurrency, there is no likelihood that it will be pegged against the country's fiat currency.

In combination, these three qualities are breaking new ground in the industry and will be a valuable test case for any states that follow. I've had a quick look for information on how to mine the petro and found nothing. I suppose I shouldn't be surprised because if it is intended for daily use, then POS is the far superior option. POS is also the best option to ensure people in all economic circumstances are able to participate without expensive hardware. I'd like to know what code their blockchain technology is based on.

I'd also be glad to know the mechanics behind the backing of $US267 billion. If I were to mine an early block and hold 1 percent of all existing petro, would I then be able to assert my claim to $US2.67 billion dollars worth of oil?

Chapter 8, and chapter 8 concepts 1 & 2.

Venezuela to Launch Petro Digital Currency Within Days

https://dcebrief.com/venezuela-to-launch-petro-digital-currency-within-days/

We do not make prediction. But, personally, I believe that it is important for us to share as much information as appropriate and be as transparent as possible so that investors can make their independent informed investment decisions objectively. As a result, we have been making every effort to support this forum and answer every question, as time permits. They are often done with great consideration to convey a consistent and cohesive message of our vision for DNotes to be the trusted digital currency of choice accessible for everyone worldwide to participate.

DNotes is uniquely different, since the day it was launched on February 18, 2014. Like many in our industry, we became addicted to the many world-changing implications this new decentralized world could bring forth to the betterment of humanities. We quickly came to recognize the ingenious consensus system, the unbreakable double spend solution, and the enormous power of the blockchain.

 No doubt, we are witnessing the greatest technology revolution since the Internet. And from my prospective, significantly bigger and far more wide-reaching worldwide. There are real possibilities to change the world by helping those with little means today to climb the social economic ladder.

However, we can choose to keep on dreaming about those possibilities or do something about them. We have committed ourselves to the latter. That is the beginning of the DNotes Story as to why we have been doing things so differently. We quickly recognize that this is a massive opportunity with many inherent problems that must be solved before its true value can be realized.

Hence, we started building the most essential ecosystems as our strategic blocks, one by one to solve multiple problems inherent to this leaderless newly formed decentralized world. We believe that, one by one we will identify and solve those problems. How much would DNotes be worth then is as good as anyone’s guess.

Meanwhile, I strongly encourage our followers to do a deep research on us. Knowledge will set you free and let you make informed decisions.

Regarding our philosophy on open-source software, it is best not to get ahead of ourselves at this time, especially, now that we have a software development partner, as well a formal Board of Directors for DNotes Global in the near future. We will take time to study this critical issue with formal discussions before releasing specific policy decisions in the future.

What I can say at this point is that I personally support open-source software development to facilitate collaborative development, testing and debugging at some point. One day, our users by choice, could seek to be treated like co-developers with full access to the code of the software.

DNotes will most certainly remain open-source. However, it is highly conceivable that some of our proprietary software will be managed as closed source and only available under licensing and non-disclosure agreements. The software development of our exchange in the future will fall into this category. In this case, security is our number priority. Open-source may allow hackers to pinpoint every weaknesses and loopholes and exploit them to their advantage.

Hope this sufficient answered your questions.

DNotes Price Prediction to 2018?

Thanks a lot Xaro!

Yeah, it literally just needs me to re-record with the audio engineer a section at the end with a different phrasing that we preferred, and a couple of minor animation touch ups. It all needs to be done on the same microphone and audio-mixed so that you can't tell it's from a different audio recording, and the guy is going away in a day for New Years (which I hope you're all enjoying the holiday for!). I'm meeting the animator tomorrow to discuss the feasibility of a much more significant videos being ready within a 1-2 month timeframe, which will be much longer in duration.

We have some older videos on our youtube channel too, if you haven't seen them yet. The next one will probably be similar style to this one (but vastly improved in every way from animation through to my presenting). I'm very excited about getting this next one made.

Here is the one from 2015 that we released.

https://www.youtube.com/watch?v=ar8C7xBgpIE&t=

I read this earlier today, and found his comment quite interesting.

I agree with the point he is trying to make, and your sentiment -- we all need to build something meaningful for society, and the wealth that may come will be as a direct result of that value that we create. Bill Gates ammassed a fortune because he built something that revolutionised the way that people work in the office, with one another, and online. Unfortunately, as is the case of a cryptocurrency trader, the objective is to ride along, often with the pure intention of making money.

I have a couple (ended up being a tirade) of 1am thoughts to add, which I ask be taken as discussion inducing as opposed to being views I hold.

1. People who trade and invest with the pure profit motive serve a crucial purpose for cryptocurrencies as liquidity vehicles that allow those currencies to grow, and gain even more attention, both from that growth and through word-of-mouth to the mainstream population by those who have vested interest.

2. Meme culture is a thing that is common in all aspects of millennial life today. Many of the ideas and concepts that we have are easily captured by a meme that is merely a few words, and often humour is an excellent vehicle to convey a message -- whether to those who are in the in-group, or those outside.

3. Given that there are humorous memes for absolutely everything these days, the chances of people not making them about "lambos on the moon" when their crypto portfolio could well move up 100% in a matter of days (and often does) would appear slim. Cryptocurrency is as much a cultural phenomenon as it is technological, economic, entrepreneurial, and philosophical / ideological. No doubt when people share memes on their social media about cryptocurrency, people who have been seeing the same "glorious" and "excited" memes about this "cryptocurrency" / "hodling" thing for months on end may start to take notice, and begin to do some googling on what the fuss is all about.

4. The cultural aspect of any group will always be the loudest and most widely seen. When you think of politics as an example, on the left-wing side of things you have inter-sectional fringe groups making a lot of noise on behalf of the whole (think black-lives-matter, communist groups, radical gender-focused groups, antifa etc), and then on the other side, the people who make the most noise are probably the alt-right and the rising nationalist groups seen in the USA. While I can't personally stand politics, I can see that these groups have strong and consistent internal cultures that allow them to make noise that receive much greater media attention than their actual member size would suggest when contrasted with the more relaxed general population who have much more varied views on things, and don't band together to distribute their belief systems, despite being much greater in number. A small group of people who think the same, can make a lot more noise than a much larger group built from those of more varied belief systems.

5. In my view, point four encapsulates a major reason why some businesses are successful and others are not. If everybody is not on the same page, working towards the same vision, then half the team is going to the wrong place, or won't care about where things are going. DNotes don't compromise on internal culture, which is one of the many reasons why the group will remain strong going forward. One of the reasons why we will be able to make the most noise.

6. Vitalik's point is good, but the reality is also that those people who put money into ethereum to make it what it is today have an internal meme / joking immaturity culture. One way to look at it as a mature person would be in frustration, though someone as brilliant as Vitalik would likely be looking at a way to harness the potential of this reality about his userbase/ownerbase were his project not already where it is. This culture developed in part because of ethereum, and really took off some time after its deployment.

7. This actually brings about an interesting pascal's wager -- A french mathematician who argued that people who believe in god bet with their lives to prove that god exists. Being that they only stand to lose a small amount of time on earth, in exchange for infinite harmony in heaven if they are correct. Following with the political example, the president of the united states, Donald Trump, caused quite a stir with many people over his use of language and derogatory insults that were targeted at his political enemies. In particular I was quite interested in the thinking of people who agreed with Trump on certain key issues like border control, audit the Federal Reserve, cut spending and regulations etc, yet found his demonizing of political enemies absolutely abhorrent. In my experience many of these people who had these policy alignments with Trump, but vehemently hated him for his "manner" were often Ron Paul supporters from 2008/12, who had run on some of the same policies as Trump had.

Ron was very likeable, and courteous towards his political opponents. He used logic and reason (which tends to be how I prefer to view things), but he never came remotely close to winning even the presidency, let alone the republican primary. Trump by comparison was gruff, abrasive, and direct, and yet easily rode to electoral college victory in 2016. So my question became -- why were these people not prepared to tolerate some 'mean words' in exchange for winning policy target wins that aligned with their vaunted 'principled beliefs', if it was those political tactics that were patently conducive to winning? Could they still truly have the principle they claimed of wanting x/y/z, if they weren't prepared to tolerate a/b/c in order to get it? I think it's time though to wrap this back to crypto:

Vitalik is a principled person, and I personally share his view on the crypto scene. I also believe that traders that want to make money and post funny memes aren't doing anything like what Vitalik does for the community. But we are not all as brilliant as Vitalik is, and everybody can contribute in their own way -- even if it is just sharing a funny meme with their friends about a supercar they want. I don't think anybody enters crypto with the unrealistic expectation of winning an actual supercar (though it is possible). I hope I'm not incorrectly portraying his view here, but for Vitalik, pascals wager is that there is a casual 'meme' community that are the strongest cultural bridge between the crypto community and the mainstream that we hope to invite to join our realm -- would Vitalik by preference have ignored this reality and have gone with a business to customer (developer to customer) advertising model, just because he didn't like the immaturity of *joking* fantasy expectations seen in a few memes?

Of course, Ethereum has mostly already made it, and those cultural memes will continue to occur with or without his blessing. I also understand that the valuation, community, and cultural models in crypto are subject to change in the next few years as more mature investors come in, which may result in a community that we prefer to engage in. But I also read in a pretty good book that you always need to understand your customer -- perhaps Ethereum are lucky enough to choose which? The book is called the Four Pillars of Business Success

Just had a look at the short clip of the animation videos and it looks great. Can't wait for the full videos to be released in January!

Ethereum founder to crypto fans: Grow up

The co-founder of Ethereum has a message and a warning for the cryptocurrency community: cut out the “lambo memes and immature puns.”

On Wednesday, Vitalik Buterin ranted on Twitter about how discussions among cryptocurrency traders and fans appear to be taken over by immature jokes and memes, and are increasingly focused only on wealth.

“*All* crypto communities, ethereum included, should heed these words of warning,” he wrote. “Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society.”

https://www.marketwatch.com/story/ethereum-founder-to-crypto-fans-grow-up-2017-12-28

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Good on Vitalik. He came up with a brilliant innovation, had nothing but the best of intentions, and is well deserving of the fortune he's made. It's a shame that his creation is being exploited by a bunch of low life scam artists. But unfortunately, big money draws all kinds of people looking to make an easy dollar.

DNotes2.0 Solutions and Interfacing with Blockchain IP groups

After hearing the great news that DNotes Global Inc. has found a great fit with their software development partner Geneca, I realised that they are very likely to develop new solutions to the existing problems faced by cryptocurrencies. So I had a look at how the blockchain sector is handling intellectual property management.

This article shows a strong indication that the industry understands the need to establish groups that protect against patent trolls and find solutions for sharing the technologies they develop:
http://www.ipwatchdog.com/2017/06/30/protecting-ip-blockchain-sector/id=84581/

As I understand it, DNotes Global Inc. express their commitment to providing financial systems that benefit all people by intending to open-source the results of their software development. I'm curious to know more about how DNotes Global Inc. intend to manage ownership of solutions developed in partnership with Geneca, and how they see their role in networking with existing organisations to participate in the protection and sharing of intellectual property.

Unbelievable - Faced with a class action suit, and the market for that coin doesn't even react. Are the investors (term used loosely) playing chicken?

https://techcrunch.com/2017/12/26/this-company-will-self-destruct-after-its-ico/?utm_source=ICO-facebook

Interesting idea on how to use ICO's in the future.  You still need trusted and committed development teams.  I know of very few in the blockchain world...we'll...just one actually.  

https://www.coinwire.com/after-ico-atb-coin-faces-class-action-suit
Are they securities?  Probably.  This will continue be a problem moving forward for these "development" groups who used ICO's for capital.

Hey Peter.P, welcome to our forum!

South Korea has become a leader for cryptocurrencies, and a market that we will keep a close eye on. We very much appreciate your suggestions. Getting some traction in the Korean market could really help our international growth in the rest of the world too. It is only a matter of time, all the wheels are in motion for DNotes 2.0, which will markedly boost our attractiveness for listing on many more exchanges. It is our primary focus to build value, that will later reflect in the price of the token. One of the interesting things about cryptocurrencies are what I would consider to be a somewhat 'broken' valuation model, where coins can be driven artificially up in value far beyond what their 'real-world' valuation appraisal techniques would ever see them go. I suspect that this is largely due to the news and hype centred trading focus that exists currently in the industry. In my opinion, over the next couple of years as the industry matures, we will begin to see more mature investors and traders change the metrics by which they choose to invest in cryptocurrencies -- especially with the entrance of more value-driven investors. This could really change the dominant features that are popular among investors. For example -- right now many people are very interested in anonymous cryptocurrencies, because a large portion of the cryptocurrency community are libertarian / civil rights focused. I expect that many of the new entrants into the market will be more business and value driven, and less concerned with ideological / philosophical investment methodologies, and that this will dilute the number of people that invest with the current market preference towards coins that meet those criteria. My advice to people would be to take this into account with their long-term cryptocurrency investment positions.

Thank you very much BTCwise.

At this point, given it is the Xmas and NY period (i'll be in Australia until the 8th of Jan), it is unlikely that video will be completed until mid Jan at the earliest. But of all the videos to date, it involved the most animation work to date (it's 100% digitally animated, and just over 1 minute long).

I have included a 5-10 second clip of the video below so everybody can get an idea of the animations we went with. It was recorded using my phone in front of my computer, and for the record, the watermark red lines going diagonally across the screen are because the computer i'm filming from only has trial plugins that were used in the animation process. Still, happy to hear your thoughts

Hi TeeGee, thank you for including me in your thread. It sounds like you guys are very busy. I am sure all the efforts you guys have made this year will really push DNotes to the next level in 2018.

The videos will really help push the DNotes message.
I can't wait to watch the videos. I know how time consuming animated videos can be so big-ups to the progress you've made with the animated videos. I will keep an eye out for the videos. Please let us know once you guys have published. I will post it on my Steemit account and my personal Facebook and Twitter accounts.

Keep up the hard work and feel free to ask me if you need assistance with anything. I am more than willing to help.
Your friend BTCWise

Understood and appreciate your bringing this to our attention. There may be some challenges in translation and support, but it sounds like it may be worth looking into further.

Chapter 7 Concepts 3 & 4