Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 250. (Read 148868 times)

Hi Tim (Marsh). Your last post is not accurate. Please make the adjustment as appropriate.

As of today, DNotes Global, Inc. does not own any DNotes. The Guarantee Funds for DNotesVault are voluntary commitments from many DNotes supporters who strongly believe in DNotes and pledged their DNotes as a collateral against potential lose of account-holders' funds. For convenience, we posted addresses with the largest amount first, with more as standby. The vast majority of the DNotes are purchased at market price. Every single DNotes I owed is purchased, paid in full, and bought from an exchange that listed DNotes. I am certain that DNotesVault is a unique breed in our industry. No one else has gone to this length for the convenience and security of their stakeholders. Here is another case in point, "We are committed to do the right things that others will not do so that one day we are in the position to do things that others cannot do." That is a strategic advantage payable over the long-term.

For all practical purposes, we are mindful that the guarantee fund is not sustainable forever. There will come a time that we will run out of DNotes to match at the ratio of 1:1. At some point in the future, there will be an adjustment with plenty of notice before any implementation of the new policies. It is logical to assume that the accounts would be insured, instead, one day

The more I know about cryptos the more I am coming to appreciate what an ingenious project DNotes is. I think Alan Yong is doing all the right things from a business perspective. Circumventing the whole ICO way to raise funds is also very smart. I'm not totally against ICOs, per se, but I see good reasons why it's to DNotes' advantage to not ever go there.

Price stability on DNotes, especially if coupled with a smooth direct crypto to fiat gateway, will be huge. Case in point: today I sold a portion of one of the coins I hold at a high for Bitcoin. Then I converted the Bitcoin for USD. This particular trade worked out well for me as I managed to catch both the coin and Bitcoin very close to their highs. However, with Bitcoin rising or falling by more than a thousand dollars in one day, it would have been very easy to have gotten caught in a rapidly falling market while still in Bitcoin. That actually happened a few months ago and I ended up having to hold onto the BTC for a month until its price came back up.

This sort of high stakes three way trading game that I'm forced to play each time I want to cash out some of my cryptowealth for USD (say to pay bills or go Christmas shopping) is fine for me because I come in with plenty of experience (I've been in this space since March of 2013 and have had lots of practice), but is absolutely insane for a newbie. And if all you want to do is make an exchange, you could easily lose several hundred dollars worth in a matter of minutes or hours. That's not going to work for the general public.

If a coin can hold its value steady relative to USD (steady and gradually rising), and smoothly transition from crypto to USD without having to go through other intermediaries (like Bitcoin or Ethereum), it's going to be ripe for mass adoption. In fact, when the coin pulls that off, there won't be so much need to even use the crypto to fiat gateway because so many other businesses will be OK accepting that coin in payment for goods and services. The next step after that, of course, would be for the coin to have a price that is even more stable and less volatile than USD. Then it can have a stabilizing effect on USD and other fiat currencies.

I'm really looking forward to 2018 in terms of DNotes!

Smoothing the Market Price of DNotes
Edited to correct an assumption that I had made in my original post. I had assumed Dnotes Global Inc own the DNotes that guarantee the funds in DNotes vault. This is not the case, and it is a reflection on the support this currency has earned that these funds are made available by supporters.
I recently read that Steam will be dropping bitcoin as a payment option. The article cited both the price volatility and the transaction fees. "Steam had been using Atlanta-based BitPay to process the bitcoin payments." And BitPay are still working on solutions to overcome problems caused by fee volatility.
https://www.pcmag.com/news/357797/steams-drops-bitcoin-as-payment-option-citing-price-surges

For a long time now, DNotes Global Inc. have recognised the requirement for stability in DNotes price and transaction fees. Then recently Alan revealed they are considering 'post-mining' 10,000,000 DNotes2.0.

Adding the post-mine to the current amount of existing DNotes brings the total amount of DNotes2.0 planned for the swap to 139,681,000 or so. This would mean that DNotes Global Inc. would hold approximately 7% of all existing DNotes2.0.

The value of a cryptocurrency is not based on the average of what all holders think it is worth at the time or going to be worth when they need to sell it. It is based on what the few people who want to sell at the time think it is worth, when agreeing with the few who want to buy. So in DNotes' case, the current price over the last day has been determined by the transaction of only 570,000 DNotes. Or less than half a percent of the total DNotes in circulation.

So if half a percent of all DNotes sets the market price, and DNotes Global Inc. holds about 7% of all DNotes, then it is possible for them to buy when the price is low, and sell when the price is high so that the market price remains more stable. And doing this would be profitable as well. If this process was automated to respond to market fluctuations, the result could be a very stable price that encourages long-term investment, and discourages short-term speculation. This price stability would then make DNotes more functional for daily use, and this would increase its real value.

Thank you, Chase. The actual number of companies that has successfully launched a Reg. A+ mini IPO is quite small - in the hundreds. I believe that it will become quite popular. Most of the companies are quite well established. DNotes Global, inc. is a rare case. In reality we have been preparing for it for a few years. The book and NextGenVC are very important to the valuation equation. Given the state of ICOs and our commitment in building a trusted brand will definitely play out to our advantage. I believe that cross ownership will be another important factor. We are uniquely positioned to offer the best of both worlds. Smart investors will have the opportunity to invest in digital currency (DNotes) and invest in a company's share (DNotes Global, Inc.) and benefit from a double play of two worlds - decentralized and centralized. I believe that what we are attempting is quite historic and news worthy.

In effect, we are creating a new business model for our industry to follow. As I have said before, we are building far more that just DNotes the digital currency. It is a fully integrated ecosystem to engage corporation and the common men and women, with the ultimate goal of gaining global mainstream acceptance.

BTW, I had a great conversation with Denver Dan today. It is always rewarding for me to meet our supporters over a lengthy and substantive discussion. Thank you Dan for the opportunity.

 

Thanks RJF, checking into it.

Any chance of getting the Pool back online? Been out since yesterday evening at least.. Thx!

In my first 5 minutes of looking into Reg. A+ mini IPO, I came across this:

Cision® And Crowdfundx To Host Reg A+ IPO Virtual Investor Conference On December 13

"Since launching the Virtual Investor Conference series in 2010, we have introduced over 700 companies to our growing community of 45,000 investors.  We are excited to partner with CrowdfundX for our second investor conference focused on educating investors about Reg A+ opportunities and providing a platform for investors to engage with the founders of these high growth companies seeking equity capital," said John Viglotti, VP, Investor Relations Products and Services at Cision.

"Self-directed retail investors have demonstrated a strong demand for learning about and investing in Reg A+ deals," said Darren Marble, CEO, CrowdfundX. "It is our responsibility to educate investors on the risks and opportunities associated with investing in mini-IPOs, or buying their stock in the aftermarket. Retail investor participation represents the single most important growth factor in the industry, and we could not be more excited to partner with Cision on this timely conference."   

"Reg A+ democratizes the investment process by allowing individual investors to invest alongside institutional and high-net-worth investors," said Sanford. "With Reg A+, companies now have the ability to directly engage with their community and create long-term shareholder relationships and value. OTC Markets Group is committed to making the Reg A+ process as efficient and transparent as possible by providing dealer-driven liquidity, streamlining the regulatory process for companies and distributing information to investors."

"This event will help create a clear understanding of the mindset of Wall Street and how to integrate the crowd into a methodology to create a successful offering," stated Mark Elenowitz, CEO of TriPoint Global Equities/BANQ®

full article -  https://finance.yahoo.com/news/cision-crowdfundx-host-reg-ipo-133500436.htm

Thanks TimMarsh, again great conversation. That could be a highly effective approach to getting everyone involved. I'd venture to say people in our industry are highly invested in the idea of cryptocurrency and should make for an easy conversation starter. A campaign to promote 'spreading the word', seems like it could be effective.

Thank you, 1Hakuba. That is a great question. I will give you a general answer that is subject to change depending on final legal guidance. We have finalized our selection for a law firm to assist and guide us in our funding endeavor utilizing Reg. A+ Mini IPO under Title IV Tier 2. This will enable DNotes Global, Inc. to be legally qualified under SEC rules to raise up to $50 million from accredited and non-accredited investors. Under Reg A+ Tier 2, we can conduct general solicitation and worldwide marketing and not required to file state registration. Together with the launching of DNotes 2.0, this will be a game-changer for DNotes. I strongly urge our community read up on Reg. A+ mini IPO and watch some of Laura Anthony's Youtube videos on that subject. She is our lead legal counsel: https://www.youtube.com/watch?v=Re1I9uVX9qs

Personally, I am convinced that she is the best for this project. As you may know, I am always committed to be the best in class. It is never easy or quick but the right way to succeed over the long-term. Sometime, it can also be expensive. The entire project is estimated to cost $500,000, including auditing and marketing.  

Now, to answer your question, based on our current thoughts (subject to change), at the launch of DNotes 2.0 an amount equal to the then current supply of DNotes plus 10,000,000 additional Notes will be mined for the 1:1 coin swap. The 10,000,000 DNotes will be gifted to DNotes Global, Inc. for its support of DNotes, including software development. Ideally, the staking reward and the CRISP reward from the 10,000,000 DNotes will be sufficient to fund ongoing development, and, therefore, sustainable.

As the value of DNotes appreciates it also contributes to the underlining value of DNotes Global. As you may know, DNotes the currency owns 25% of DNotes Global, Inc. as a for profit company, incorporated in the State of Delaware. Over the long-term, all our projects, including blockchain and consulting projects are based on viable business models - it must be profitable and sustainable.  I hope this sufficiently answered your question.

2018 will be a very exiting year for DNotes. We are uniquely different from our industry peers. Our next biggest challenge is get the words out.  It has been a long time coming. Very exciting time ahead. This train is about to take off. For those who are new, start reading up about DNotes. The DNotes Story is a BIG BOLD project of global scale.

How much of POS block reward for Dnotes 2.0 goes toward the development of the currency?  Is there a mechanism in the new coin to ensure that devs and or Dnotes Global gets residual income from the blockchain?  Thanks.

Bitcoin Price Surges Past $14K

https://dcebrief.com/bitcoin-price-surges-past-14k/

Thanks wiser for your perspective. The only time I consider gender when interacting online is when I have to choose between a male or female pronoun. I really believe English would benefit from a gender-neutral second-person pair of pronouns for objective and subjective roles. I've never been able to guess gender by the quality or informativeness of posts. I think if I've got any chance of guessing anything, it is age / maturity. And those two don't always correspond.

What I do believe in very strongly is a term I call "social filters". This is where the nature of some activity or gathering attracts some people, and repels others. Inevitably the group will share some common traits, behaviours, interests, skills, and often culture or beliefs. The narrower the group or activity is, the stronger the social filter, and the more defined these similarities are. My experience is that when such a group only meets physically, and where the natural filter has a strong gender bias, the minority gender becomes less interested in attending and this multiplies the effect over time until the group is almost exclusively one gender. I think this is because gender is instantly visible in most cases.

For aspects that are not instantly visible, such as belief systems, the social filter effect remains the same, but there is no multiplying effect of people leaving because they are the minority. So in a group of poets that regularly met for years, conversation might one day reveal that the majority are Buddhists, and there are only a few agnostic or Christian members. Had people been wearing clothes to signify their religion, I believe over the preceding few years, those other religious minorities would have reduced in or completely left the group.

This is one of the things that I really like about the Internet. It enables people to participate in forums without providing any of the information points used to discriminate whether that be a conscious or subconscious process. I am never bothered when I discover someone has chosen a moniker or avatar that completely misrepresents their gender or other personal information. And because of this, I ignore as best I can information that is implied by monikers and avatars.

This information neutrality that comes automatically with online activity is why I get confused with comments about gender exclusion or bias in online communities. I understand that higher profile figures may find it harder to suppress information like their gender, but by then, aren't they already entrenched in the community? So my feeling, naive as it likely is, thinks that the imbalance of gender participation in cryptocurrency is caused by what attracts genders to the industry. Certainly some of this might be the cascade effect of men in the industry talking shop with other men more than women, and less women currently in a position to attract more women by talking shop. But I also feel there is truth to the theories that the feeder industries of fintech and software developers are already heavily gender biased. Maybe even all of those male taxi drivers are having some effect, though in my opinion they chat regardless of gender.

So while I'd like to see every cryptocurrency forum be as welcoming as the DNotes thread, I think a lot more is required to obtain the gender balance the future of cryptocurrency needs. Where any industry is underrepresented by a gender, I believe there is a lot of value in establishing and supporting minority-gender networking opportunities and professional organisations. I believe these opportunities already exist in both the fintech and software professions. So my recommendation is for the cryptocurrency community to actively reach out to these minority-gender groups and offer information sessions and presentations on the cryptocurrency industry. This could be incredibly effective if the numbers are close to what I suspect.

Lets assume for the sake of simple mathematics that 1 in 20 people in fintech and software are women. And lets say 1 in 1,000 people in these industries are as familiar with cryptocurrency as people would be after attending three presentations on the subject. Then let's say that half of the women in these industries are members of a gender-minority networking group and attend cryptocurrency information sessions. Lets also assume that the combined industry members totals 1,000,000 people. Then, after three cryptocurrency sessions I think the following formula would be correct:

Before:
Men in industry =  950,000
Women in industry = 50,000

Men understand CC =  950
Women understand CC = 50

After:
Men understand CC =                     950
Women understand CC = 50,000 x 50% = 25,000

Suddenly after providing information sessions to the minority group, it outnumbers the previous majority by 25:1

Certainly my figures are not at all accurate, but this does represent how the principle of targeting the support groups for minorities can have a significant effect when the information being provided is generally not well understood.

I know, this is absolutely incredible to watch. Very indicative of the value people are placing on cryptocurrency. It may not just be that cryptocurrencies are appreciating, but that confidence in fiat regimes is also debastabilizing.

Bitcoin now sells for 20k NZ dollars...

Wow - One bitcoin in Canada is currently $17,000! I would give anything for one hour of time travel. 

I have an early New Year's prediction. 2018 will be the year some sort of fundamental analysis comes to cryptocurrency. Institutional investors may be enjoying the money they are making trading, shorting, hedging, etc, but I believe they will need a lot more proof of value before they put big money into any cryptocurrency that will become part of one of their investment funds.

Thank you all for keeping the discussion going. Our banking systems, global payment and settlement networks, debit and credit cards, and financial systems are outdated and must change to keep up with advancing technologies. Because there is so much money and power involved, it could take a decade for a robust system to finally gain mass acceptance. This is the biggest problem for our industry to solve and the prize is huge.

We recognize what is at stake – right off the gate and have been working on multiple solutions to solve “the problem”. If you like to know how we plan to be a significant player, you will need more than a “10 second elevator pitch”. You might want to start from HERE: http://dnotescoin.com/

and continue HERE:  https://bitcointalk.org/index.php?topic=1924858.0

That will just get you started. Yes, we have created a lot of educational materials over almost 4 years, explaining why we are doing what we are doing. Our industry is going wild – fast and furious, and very noisy. Obviously, not that many people have heard us, or for that matter, understand what DNotes is all about.

2018 will be a very busy and exciting year for us with the launch of DNotes 2.0 and a major funding campaign for DNotes Global, Inc. most likely using Reg A+ Mini IPO under Title IV Tier 2 to raise up to $50 million worldwide. I am very excited and committed to make things happen.

We will be needing a lot of help from our community. The number one priority on our list is a few great story tellers who can really articulate the DNotes philosophy and story in a concise and compelling manner. How everything that we have been doing are strategically linked and designed to scale rapidly worldwide. It is an integrated ecosystem designed to ultimately gain mass acceptance of DNotes as a medium of exchange in global commerce.

There will be a lot of opportunities for those who like to get more involved. We are expanding our core team. You don’t have to be a coder. It is more important that you are passionate to our cause and subscribe to our long-term vision of making DNotes accessible to everyone worldwide to participate; even if they are not wealthy.
You may reach us at: [email protected]. Do not use bitcointalk PM. I have been have problems getting my messages, recently.

Thank you wiser, it is good for us to hear from your perspective. It helps us to understand the problem better. I can certainly see where you are coming from in that it really doesn't matter what gender you are, but how can we make it more enticing to participate at this still early stage of cryptocurrency and get involved?

That's very interesting. That reminds me I recently heard that bank technology is archaic. I was watching this video explaining the upcoming NEM Catapult wallet and it mentioned that banks use a messaging system called SWIFT to communicate with each other that is 40 or 50 years old. And anything that wants to interact with banks has to be compatible with that messaging system. Like you said, it's easier to maintain than to upgrade to something that would work a whole lot better.

So if block chain technology can adapt better than that, it very well might give the banks a run for their money...

I think you're absolutely right wiser, about the reason for banks offering poor transaction speeds and high costs for money transfers being due to a lack of competition. But something stinks here.

There are at least 23,000 different banks in the world.
https://accuity.com/product/bankers-almanac-counterparty-kyc/

But not a single bank can break ranks and offer cheap inter-bank transfers because the receiving banks must all agree to make transfers with this rogue bank. It looks like collusion from here. And it is understandable that when all banks need to agree on a complex amount of protocols and security checks to transfer money, the easiest thing for them to find common ground on is keeping the price high.

As for the speed, my guess is that you are right in saying that competition will push them through their technology barriers. But I also recognise those barriers could be quite high. I was running the mainframes that supported a finance company under ANZ bank in Australia in the late 1980s. When we had to deal with the introduction of daylight savings time, some of the code running time related functions like 'interest calculations' and 'inter-branch synchronisation' had to be reviewed. I was amazed at the amount of fortran, cobal, and other languages being used that even then were considered old legacy languages. It was explained to me that the risks involved with a bug in new software were higher than the cost of maintaining the old software, so it just gets left alone.

I am glad that I wasn't around when they were all panicking about the Y2K bug, because even back then there was discussion about how to refactor variables to accommodate the extra date size, and the two camps 'spit the year off the date' and 'split the time off the date' could never agree on how to bind the data without using non-existent space.

So now, when I'm in a bank and the teller stabs some keys and then I see her eyes glaze over for the five seconds it takes for her computer to respond with the correct data, I imagine the hardware running virtual 8086 machines crawling through cobol and fortran routines that still haven't been updated. Speeding that system up so that it can securely handle instant inter-bank transfers might be more work than justifies the cost. And maybe they won't feel the pressure until it is too late and the public have moved to a better way of doing things.

Weirdly enough I've never had any major issues with being a woman in this industry. It's very possible that it was fortuitous that I picked a gender-neutral moniker for this forum. I've had lots of people assume I was male (calling me "mate," referring to me as "he," etc.) and I haven't made a point to correct them. I've also never yet attended any sort of actual event in this industry where real people get together. I guess I love the part where you don't have to dress up and go anywhere, but can comfortably do your trading, forum chatting, networking, etc., all from the comfort of your own home, and often with a baby on the lap. In that sense, this is probably the most mom-friendly industry I've ever worked in!

Thank you MiningHabit. Quite a rare find, since mainstream media almost never cover the subject of gender imbalance in our industry. CryptoMoms has done the most in our attempts to encourage and assist women to participate in the crypto currency arena. We strongly believe that mass acceptance of digital currency cannot be achieved without the full participation of women since they control more than 50% of the global purchasing power.

One of our projects in the second half of 2018 is to rebrand CryptoMoms. It will be helpful if our community can start coming up with suggestions and a wish list.
The article reported that, “Some female cryptocurrency investors also see blockchain technology as a solution to common financial problems that women face, such as raising money to start a tech business.’

DNotes Global, Inc. will be very active in assisting entrepreneurs to raise capital for growth-stage companies using our business consulting arm – NextGenVC. We are looking forward to a very busy year.