Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 247. (Read 148848 times)

Cannabis Company Liberty Leaf Holdings Ltd To Implement Blockchain-Based Smart Contracts

https://dcebrief.com/cannabis-company-liberty-leaf-holdings-ltd-to-implement-blockchain-based-smart-contracts/

Just noticed today that Craiglist.com now has a button you can check that says “cryptocurrency ok”. It brings up all the stuff listed where the sellers will accept cryptocurrency for. It was interesting to me that the box said “cryptocurrency”, instead of “Bitcoin”, or even “bitcoin”. What also interested me was the number of items that the sellers would accept Bitcoin. Was a lot! I think that sometimes, when we are immersed in our industry, we tend to not recognize how the public perceives this industry, and we sometimes miss, or underestimate the impact cryptocurrency is making. I, for one, continue to be amazed at how much John Q. Public really does know about Bitcoin, in particular. It seems to be catching on quicker that I imagined.

Smokey

To clarify, DNotes Global, Inc. is planning a “mini IPO” not an “ICO”. To do that we must file a registration statement with the SEC and be “qualified” under Reg. A+ mini IOP Title IV Tier 2, before we can accept any money.

However, it can be marketed globally, prior to that, to accredited and non-accredited investors with a 10% limit on the investor’s annual income or net worth whichever is greater. The maximum we can raise over a twelve-month period is $50 million. It can be repeated every twelve months. We have not decided on a minimum cap. Given the state of ICOs, DNotes Global mini IPO could be perfectly timed and very popular.

It allows investors to participate in the future of money by owning “DNotes” and some “corporate shares” DNotes Global, Inc. They are both tradeable (in the case of DNotes Global – once setup to trade in the secondary market OTCQX) Furthermore, it has always been our plan to have a full blown traditional IPO one day because of a rapid growth path of global scale as charted on our roadmap.  

As far as I know, no one else is packaging a fully integrated ecosystem in support of their coin. This has been our path since day one. And we always want to be following existing rules and regulations, though I think they are often too burdensome.

I wish ICOs can be structured and conducted in manners that meet existing security laws, either through registration or exemption. Without significant changes to existing laws, it is simply not possible.

SEC Chairman Jay Clayton just made this statement: “Investors should understand that to date no initial coin offerings have been registered with the SEC.”  https://www.crowdfundinsider.com/2017/12/125792-sec-chairman-jay-clayton-issues-statement-initial-coin-offerings-cryptocurrencies/

In the same article, he added, “Specifically, we concluded that the token offering represented an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.”

Since it is illegal to sell securities that are not registered or exempt with the SEC this confirmation from the SEC Chairman is very troubling.
We are working very hard to assemble a professional team of software developers, entrepreneurs, and others that share our vision and mindset. All these are keeping me extremely busy.

What "ICO"? Are you sure you have the right thread? This is the DNotes thread, and DNotes is doing a Regulation A+ Mini IPO. Here is the DNotes CEO's most recent comments on the matter, which you would have found if you took the time to look back a couple pages into our discussion.

Guys, what do you think about the ICO? do you think the minimum cap will be reached?

Understandable, there has been a lot of debate about PoS and PoW, which is better and the vulnerabilities of each. Both PoW and PoS the ability to be compromised, but they all require bad actors to dedicate an enormous amount of resources to not only attack the network but also sustain that attack, amidst working against the entirety of the network and those responding to the problem. What I can tell you is the security of the blockchain is among our highest priority. This is in part where DNotes model comes into play, not many players in the industry can dedicate resources to not only the security of the blockchain but also setting up systems, early detection, trigger warnings, watchdogs if you will, etc...

DNotes will not have masternodes at the initial launch. However, we want to keep that option on the table. We are actively working on expanding our development team to include full-time employee-developers and contract services. We have a long wish list to pick from. With the right people and adequate funding I am sure that the best projects will make it to the finishing line.

Our funding efforts are now in active mode. The billing clock is on. I have signed off on the project with a long to do list. 

I'm not super familiar with the technology, but my understanding is that you need something besides a bunch of PoS wallets to ensure network security and stability. That "something" can either be a masternode or a PoW that goes along with the PoS. When it's just PoS, you have opportunities for compromise and overall network instability. I hope this is being taken into consideration.

From a few weeks ago:

Will DNotes have masternodes? If so, what will be the amount of coin needed to run one? What will be the masternode rewards?

We believe that Proof of Stake is absolutely the best choice for DNotes. We are the most committed in promoting savings for the long-term. Our DNotesVault is ideally set up for that. The enormous amount of energy consumed to mine Bitcoin using Proof of Work will be a social issue in the future. Right now people are just in awe watching.

Bitfinex, Coinbase Services Disrupted as Crypto Price Volatility Continues

https://dcebrief.com/bitfinex-coinbase-services-disrupted-as-crypto-price-volatility-continues/

I wouldn't read too much into it. It sounds like the author was looking for energy efficiency only, and pulled a couple out of a hat. The fact that he didn't mention proof of stake, and thinks the global financial system serves the entire world, kind of says it all. There are 2 billion people that can prove his comment regarding the global financial system wrong.

"There are alternatives to the “proof of work” method of validating changes to the blockchain, such as “proof of importance”, which is analogous to Google’s page ranking systems. Projects such as Gridcoin are based on calculations that are actually useful to science. But these ideas are in their infancy."

That's interesting that proof of importance got mentioned rather then proof of stake. PoI is the way NEM determines who gets block rewards, but I do not know any other coins that use that method. Does anyone else here know?

I have little doubt that in a matter of a few years people will move towards Bitcoin alternatives. It's not so much trying to save on electricity that will motivate the shift, but rather getting tired of having to wait ten minutes for a transaction to confirm. Can you imagine paying for your groceries with a BTC transaction and then having to wait in the store with your ice cream and meat for up to 20 minutes just to get that first confirmation? Yeah, me neither!

Chapter 7 Concepts 1 & 2

Even The Weather Network is talking about bitcoin! The article gives the energy consumption 'facts' and makes some good points on the environmental impact of POW, but there are a few things about the industry that the author isn't quite clear on. For example, as an alternative to proof of work, he uses proof-of-importance as an example and doesn't even mention proof of stake (the top contender). There is one statement in the article that is 100% false, and it is something that DNotes can address head on:

"More importantly, the global financial system serves the entire world." 

What is Bitcoin and why it is guzzling energy - https://webfailback.theweathernetwork.com/news/articles/is-bitcoin-an-energy-guzzler/90690/

Thanks for posting the link to such a comprehensive article. I agree that I'm seeing a lot of press about how much electricity POW is using and the environmental implications. I haven't followed them and certainly not done the maths, but just by noticing which channels that news trend was coming from made me feel that it was hyped and artificially motivated in some way. Even so, I do believe that POW is not a long term solution. I recognise it may have been the only way to get bitcoin off the ground and trusted in the beginning. But we're now seeing a lot of negative aspects that POS resolves. I believe that whether the or not it is bitcoin, the cryptocurrencies that dominate in the far future will be POS or at least some secure system that is less resource heavy.

But for me, the most interesting aspect of the article was how it linked banking and fiat currency to the current political systems and power structures. I recently caught flights from Cambodia to Australia, and instantly thought of cryptocurrency when the announcement came over the plane that financial instruments worth US$10,000 or more must be declared. I had to wonder why it was so important that it comes up on every border crossing. The powers that be have a window into the banking system, and only the super rich and large corporations seem to have the skills and resources to hide cash in shelf companies using off-shore accounts and other traditional methods of hiding money from the public eye.

And physical value in cash, gold or other forms is getting easier to spot using the scanning equipment in airports. But cryptocurrency enables users to hold value in a form that is not detected by scanners or the banking systems. And crossing borders without revealing your possession of millions of dollars is now as easy as remembering a nursery rhyme. This is a significant and sudden shift that thwarts control.

The first I heard of asset seizure was when I learned about Kim Dotcom's persecution by the MPAA and the debacle that followed. And my first news of the financial system being manipulated to silence political opponents was when payments to Wikileaks was blocked. In both cases, cryptocurrency came to the rescue and these are real-world examples of how it undermines the current power structures. So I agree with the article when it claims that this power will not be given up easily, and that governments and financial institutions will work to fight against cryptocurrency. But I am also confident that it is a futile effort and they'll never succeed. Cryptocurrency is not some computer code, it is a concept that has been proven and has continued to develop. And no amount of money spent on trying to shame the industry will stop investors profiting from good ideas or from supporting genuine advances in the industry.

So for DNotes, who are taking great care to do things the right way, and are taking what they've learnt from the industry to improve the technology, there is nothing to fear. In fact, all of the efforts that are made to demonise the existing cryptocurrencies will work in DNotes' favour when they solve problems and offer their solutions that have been designed and built around the needs of the unbanked and those marginalised by the old financial systems. The harder the old power brokers fight to make POW and ICOs look bad, the more attractive projects like DNotes, that work within the existing frameworks, will become.

Couldn't have put it better myself, well said Tim.

Essentially, you're hoping that in just a couple of years of investing in a "newer" version of bitcoin from probably just a small investment, that speculative traders will carry you into early retirement by catching and riding a speculative buying wave large enough in the near term -- spawned from the idea that: if one person buys enough coins, that others will follow, and that you can make a profit by selling to them as the price rises. This is very difficult to do--to pick the tops and the bottoms.

The price matters to investors, but what good is the net-present sale valuation of a half-baked loaf of bread? Or a semi-built Lamborghini without any doors and drivetrain? Prices follow value long-term, and DNotes have a long-term vision to build a business ecosystem around our currency that will have significant real-world development use-cases for businesses, that doubles to earn profits that can be reinvested into the currency. Until our ecosystem is built, speculators will drive the price, but once it is finished, the price moves towards mirroring the value behind what has been built. That is why the price only matters to us at the point where the initial blockchain and business ecosystem has been completed. This takes time, and it does not make a lot of sense to tell all your friends that you "own a lambo", when you've only saved half of the money (though to be fair, this is the rule rather than the exception in this industry, at this time). We set out early to not bend the truth to investors, which is again the norm in our industry (I won't name any projects, but some of the claims are truly laughable, and we do extensive research on the competition, and read their code, and know which claims are true and which are not). You can have a speculative asset today that is worth a small fortune now, but may be worth much less, or zero in a couple of years once the prices adjust to reflect the zero intrinsic value behind what was built, or otherwise there are projects like DNotes that focus on building maximal intrinsic value long-term, where this value could be reflected in the price many multiples greater.

Your mindset is currently in the speculative paradigm of short-term gratification, and prone to the arbitrary actions of traders. We do not share the same mindset.

Mindset matters. We don't leave things to speculative chance. You need to have a mindset that is consistent and maintainable to succeed. It is from our mindset that we derive our expectations of the future, and the way in which we evaluate what is before us. I was in the USA when Atlanta played New England in the Superbowl in early March. I was boarding my plane back to New Zealand, and I noted that the score was heavily in Atlanta's favour by 28-3 in the third quarter (a deficit in a Superbowl final that has never been overturned). When I arrived back in New Zealand, I was surprised to hear that New England had won the match through the most unlikely of comebacks. The New England team shared a belief among their coaches, manager, players, and fans, that irrespective of what the current situation was, that they could have a material effect on the outcome of the game. This is the espoused mantra that powers DNotes. And our setbacks are minor in the grand scheme of where we are going. I worry not for price declines coming on the heels of speculative trader pump-and-dump schemes that are typical in this industry, nor being de-listed from an exchange in lieu of our completed system that has been designed to protect the network from the volatility of those exact pump-and-dump schemes.

We have announced a lot of exciting projects heading into 2018. DNotes 2.0 is expected to release early next year (Feb). We are also seeking 50 million dollars of venture financing as part of a Reg A+ Tier 2 mini IPO to fund the expansion of our blockchain platform and business ecosystem -- bringing more brands, properties, services, and strategic partners under the DNotes umbrella, and boosting the ones we already have. Not only are we doing all of this, but the DNotes currency itself will have an ownership claim against common stock in this business ecosystem. We are only just about to embark on creating that intrinsic value buffer to back the DNotes currency that we have long coveted in this forum conversation. We have waited for the right time for both ourselves, and for our industry to make this very serious and purposeful step forward. It is going to take a lot of work. If you choose to stay around with us, I congratulate you for your persistence. Otherwise, I wish you the best of luck hoping traders pump the coin in lieu of us building real tangible value behind it.

CBOE Bitcoin Futures Launch Brings Price Surge

https://dcebrief.com/cboe-bitcoin-futures-launch-brings-price-surge/