Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 255. (Read 148866 times)

Brandon, you ask great questions, so I'm not surprised that the responses were informative and sparked discussion. And I'd like to add my few thoughts as well.

...how could these currencies ever achieve stability once their growth period has ended?

I think one of the big differences we'll see between the stability of fiat currencies and the stability of cryptocurrencies is how frequently they are traded. If there is only one trusted cryptocurrency handling 95+% of all investment and transactions, there will be no problems. But if there are more players, and I am pretty confident this will be the case, there will be trading between the currencies as investors bet on which one will go up more over short periods.

Because transferring large amounts of fiat currency, whether in hard cash at midnight under a bridge, or electronically over some computer system, incurs a lot of risk and oversight, it will always be expensive. Currently it is very expensive to send large sums of money electronically and those prices reflect collusion-like pricing behaviour rather than value. So the price has room to drop, but it will always be higher due to managing security internally rather than algorithmically.  This high cost of trading between fiat currencies causes the frequency of trade to be slower while the investor waits longer to make back their transaction fee in the diverging currency values.

With cryptocurrencies which can be exchanged directly and algorithmically without paying for exchange services, the cost of this exchange could be marginal, and based on a per-exchange price, instead of a percentage of the exchanged value. This would make very-short-term trading profitable and cause both cryptocurrencies involved to suffer from price volatility.

Because cryptocurrency transactions, and value, can be accurately checked by software, and the same software can initiate a transaction, it is also very likely that this volatile price will also suffer from computer-algorithm-ML-AI trading. So I'm predicting volatility as a long-term feature of successful cryptocurrencies. The only stability will come from those owners who distrust the many automatic trading programs that will be on offer, and don't have the time / expertise / interest in doing it manually.

People won't use cryptocurrency if it doesn't better their life, so why...
I think that mobile phone based payment systems will become the most common form of 'physical' transaction one day. It is likely that the most successful one will integrate with one or more cryptocurrencies, but equally as likely that it won't interact with more cryptocurrencies than the market accepted as competitors in the credit card industry.

So many people will move over to cryptocurrency when it is the simplest and most functional solution. I know after topping up my fiat currency hardware wallet two weeks previously, I've looked at it, and wondered where all the dollars went. I've also tried hanging onto all receipts and adding them up or entering them into a home accounting system. It was not fun. But using a mobile phone based wallet, I could have all my 'cash' expenditure information at my fingertips without doing anything.

Maybe New Zealand will lead the world on this, not China. I just read an interesting round up of many country's central banks' opinions regarding cryptocurrency. The most interesting part was this:

"The Reserve Bank of New Zealand, once a pioneer on the global stage with its early introduction of an inflation target, said Wednesday it’s considering its future plans for currency issuance, and how digital units may fit into those strategies. “Work is currently underway to assess the future demand for New Zealand fiat currency and to consider whether it would be feasible for the reserve bank to replace the physical currency that currently circulates with a digital alternative,” the RBNZ said in what it termed an analytical note."
https://www.bloomberg.com/news/articles/2017-11-26/what-the-world-s-central-banks-are-saying-about-cryptocurrencies
Any news TeeGee?

So even if the richest people in the world get into cryptocurrency in a big way, I still think that everyone will eventually join in because of its functionality. It is also more secure in that you can store the same value in a physical way in multiple locations that can't be stolen if part of it is stored independently. So sure, due to buying pressure, the value of a single coin might be inaccessible. But I don't see the single coin price having an impact on everyday people who can buy the fraction of a coin they need for daily purchases. A single bitcoin would have to be worth more than US$100,000,000 before the satoshi becomes a bad choice for buying coffee. At that point, a fork will add some more decimal places.

Thanks again for your insight, kopes18. And yes, since visiting China and discovering that it is a lot different from how Western media represents it, I'm much more interested in China. I'm also interested in all sorts of systems, and China seems to really understand and implement systems well, and has done for many centuries. I took photos of quality control stamps on ancient bricks.

I also appreciate you're input about the difference between the price and the value of the CNY. That makes a lot of sense. As for the price of real estate in Beijing, I think that is mostly from people buying with the hope of making money when they sell, rather than because they need somewhere to live. I heard that China was addressing that trend by putting a limit on the number of properties someone can own. Clearly there is a desire to invest surplus money in a way that will make a lot more, rather than in a way that is unlikely to increase, but more guaranteed.

Bitcoin Price Soars Past $9,700

https://dcebrief.com/bitcoin-price-soars-past-9700/

There is certainly an opportunity to acquire some DNotes at today's price. But as we have mentioned previously, it is important not to invest more than you can afford to lose. Aside from the spike, the price seems to have gotten back to somewhat normal, at least from the dollar value side, BTC continues to break new record highs almost weekly it seems.

I think poloniex delist dnote because want to buy more cheap , and now Whales are starting to  accumulate more Dnotes at cryptopia . It will not surprise me if Dnote will go in short term back to 2k sat first. Next year can be epic for Dnote. Buy dip so much how it possible .

"DNotes will win the most undervalued coin of 2017 award!"

Thanks, wiser. You have my vote on this one.

"Any idea on timing for the conversion to DNotes 2.0?"
February 2018 is still a good guidance.

Thanks, wiser. Not every coin needs to build an entire ecosystem to support their cryptocurrency. But it is important for them to be able to differentiate with high focus on their strengths, such as developing mobile apps or whatever the case may be.

DNotes started with a “Big Bold Vision of Global Scale”. We wanted to be more than just launching a new digital currency named “DNotes”. We wanted DNotes to be “the digital currency of the future with lasting value” built with a trusted brand and made accessible for everyone worldwide to participate. That was our mindset at the launching of DNotes on February 18, 2014. This is still of vision today.

I do feel that more people are beginning to understand and appreciate the ecosystem we have been building. In our case, we must build the entire ecosystem to ensure that the many different pieces are seamlessly integrated. I am sure that there will be many lessons learned and continuous fine-tuning. There will always regulatory and other constraints beyond our control. However, watch for not only our strategic road-map but how those strategies are refined and executed.
 
“Breaking into what's going on in the rest of the world is a challenge. I think the next big thing in block chain technology, then, will be a coin/ecosystem that truly integrates with the rest of the financial space.” That is a great challenge and will take years. We believe that it can be done. It may take direct investment and strategic partnership – a bank, partner, and other financial services.
 
“I for one am looking forward to learning more details about how DNotes is positioning itself to integrate in a more complete way with both the current financial space and the rest of the block chain based world.”

That is a great question. There is no short or easy answer. I would advise that those who are following us to focus on “what we are doing or have done” and “why we are doing them”. The list on what we have done is quite long – CryptoMoms, Family of CRISPs, DNotesVault, DCEBrief, DNotesEDU, Book “Improve Your Odds – The Four Pillars of Business Success”, and DNotes Global, Inc.

What are we doing now?
Finishing the book project -  a published book, a membership site with 70+ educational videos complete with full transcripts and bullet points. The membership is free until 12/31/2019 and at $10 per month thereafter. https://fourpillarsofbusinesssuccess.com/

DNotes Global, Inc. has been granted 100% royalty free rights on any revenue associated with the book. My personal goal is to finish all the video production by Dec. 31, 2017. If I stay quiet for a few days, it is because I am on a mission to get the book project completed. The book is our path way to mass acceptance in the corporate world. It is a solid completed project for DNotes Global, Inc. and consequently important for our funding campaign using A+ Mini IPO Tier 2 which is now a front-burner project.

Above all, completing the first phase of DNotes 2.0 has been of paramount importance to us. This is more than just a migration from POW to POS. Ultimately, the DNotes blockchain must be able to communicate flawlessly with other blockchains. We are committed to continuous or multi-years development. Our development team will be expanded significantly next year.

Wonderful to know, especially since I'm actively buying more DNotes now. Any idea on timing for the conversion to DNotes 2.0? I'd like to know how much time I have to accumulate more because I am pretty sure the transition will come with a major price hike.

I think DNotes will win the most undervalued coin of 2017 award!

Absolutely wiser! It will take a massive effort, solid strategy as well as the ability to navigate many moving targets and challenges along the way. Failure is not an option for us.

That's a very insightful article. I've started to notice that the "new" coins that are most likely to succeed long term have to be more than just coins. They actually need to be entire ecosystems. You can see that especially with STEEM, which is powering an entire social network, and it has three different "currencies" within it (STEEM, SBD, and SP). DNotes is turning out like that but not exclusively through what's on its block chain, but more by its supporting "bricks and mortar" as well as internet-based infrastructure. If you want to start a new coin today, it has to be an entire ecosystem or it will be short lived.

The problem, though, as well as the path forward, is that all these coin/ecosystems out there are still isolated from each other and largely from the rest of the financial world. As the article points out they each have their own assets and investors and their ecosystems only really work as isolated entities. Breaking into what's going on in the rest of the world is a challenge. I think the next big thing in block chain technology, then, will be a coin/ecosystem that truly integrates with the rest of the financial space. It might take a while to get there, and it will need to be thoroughly thought out. I don't think it will happen randomly, though there is a remote possibility it could.

I for one am looking forward to learning more details about how DNotes is positioning itself to integrate in a more complete way with both the current financial space and the rest of the block chain based world. The coin that succeeds in effectively bringing those two worlds together in a meaningful way for ordinary people is going to in retrospect turn out to be the absolute best financial investment anyone could make now.

I can think of at least one now defunct coin that made a valiant effort in that direction, and its failure, while largely internal, also speaks to the magnitude of this challenge.

Agreed, this paragraph caught my attention.

To be clear, I fundamentally believe these new solutions and models can change the entire finance ecosystem. And obviously, we cannot expect to create the whole new ecosystem overnight. At the same time, it is crucial to understand the need to have a properly working ecosystem, some ideas on how to develop it and find the fundamental missing links.

It's great to see this type of 'DNotes thinking' finally being recognized as what the industry needs to succeed.


Cryptocurrency tech needs a proper ecosystem to realize its true potential

"Cryptocurrencies and related distributed technologies need a proper ecosystem to become a significant and meaningful part of the finance ecosystem..."

https://disruptive.asia/cryptocurrency-needs-proper-ecosystem/

Thanks, wiser. Let me share your quote:

"I actually believe that some of the US regulations do make it more difficult for ordinary people who aren't wealthy to have access to some good investments. For example, recently there have been a number of ICOs launched in the US which will only allow accredited investors to participate. In that case, people like me are excluded and if they turned out to be good products, then I miss out on the financial opportunities. For this reason I am super excited about the micro-IPO provision that Dyna and the DNotes team discovered. That is seriously an amazing find!"

Yes, "some of the US regulations do make it more difficult for ordinary people who aren't wealthy to have access to some good investments." We did consider taking that route using Reg D Rule 506 (c). It will allow us to raise unlimited amount from verified accredited investors. But the small investors (unaccredited investors) are left out. Unfortunately, this is becoming very popular on the heels of ICOs conundrum.

Most people are not aware that the tokens purchased in ICO sales have no ownership or voting rights to the company that received all the money. Again, “He who holds the gold makes the rules.” And they are seldom in the best interest of small investors.

I have been following the Jobs Act of 2012 closely and as a strategic positioning, we incorporated DNotes Global, Inc. on April 1, 2016. After significant research and serious considerations, we have been quite conclusive that our best funding program is one that is accessible to all interested investors worldwide, without excluding the non-accredited investors; and possibly without involving registered intermediaries. It can be done, but quite challenging and with a lot of demanding work.

Regulation A+ Mini IPO Title IV Tier 2 allows growth stage company like DNotes Global, Inc. to raise up to $50 selling it securities within a 12-month period subject to eligibility, disclosure, and reporting requirements including audited financial statements. It allows general solicitation and marketing worldwide to both accredited and non-accredited investors with a limit of 10% of annual income or net worth, whichever is greater.

Additionally, when qualified the company’s shares can be listed on OTCQX thereby creating a secondary market. That is a great option for those investors who need an early exit strategy.  

I certainly hope that more of DNotes stakeholders are beginning to connect the dots as to why our path is so different and strategic. We believe that for DNotes to be truly successful over the long-term and gain mass acceptance it must have an entity or group of individuals with sufficient self-interest to promote and protect the best interest of DNotes.

DNotes Global, Inc. is that entity. We are all those “individuals” by extension of owning DNotes. I trust that many of our stakeholders will support our efforts once they connected the dots.

Thanks, TeeGee. Excellent explanation.

One of our core missions is to make DNotes accessible to everyone worldwide as savings for the future and and subsequently as a medium of exchange in global commerce.

Wow, that was over 17 years ago. Thanks for the reminder, Chase. That was an expensive lesson for some, but already forgotten by most.

But then, every lesson is different, and it may even come with a different price tag. My advice - don't give up, keep learning and learn to differentiate investments of substance from pipe-dreams. Always do your home and invest with caution. 

The next series of Four Pillars of Business Success videos are now available.

Great find Chase, thanks for sharing. It highlights some important lessons learned from our history that can be applied to cryptocurrency.

It's all so obvious in hindsight:


The Dot-Com Bubble Bursts:  New York Times - December 24, 2000

A year ago Americans could hardly run an errand without picking up a stock tip. Day-trading manuals were selling briskly. Neighbors were speaking a foreign tongue, carrying on about B2B's and praising the likes of JDS Uniphase and Qualcomm. Venture capital firms were throwing money at any and all dot-coms to help them build market share, never mind whether they could ever be profitable. It was a brave new era, in which more than a dozen fledgling dot-coms that nobody had ever heard of could pay $2 million of other people's money for a Super Bowl commercial.

What a difference a year makes. The Nasdaq sank. Stock tips have been replaced with talk of recession. Many pioneering dot-coms are out of business or barely surviving. The Dow Jones Internet Index, made up of dot-com blue chips, is down more than 72 percent since March. Online retailers Priceline and eToys, former Wall Street darlings, have seen their stock prices fall more than 99 percent from their highs.

Unlike the worrisome decline in the stock prices of solidly grounded technology firms due to a slowdown in profits, the sharper plunge taken by some of the trendy Internet companies that had no earnings in the first place has proved comforting to those who believe in the rationality of markets. After all, many of them lacked one key asset -- a sensible business plan. Even the most traditional brokers and investment banks set aside the notion that a company's stock price should reflect its profits and urged investors not to miss out on the gold rush. At the craze's zenith, Priceline, the money-losing online ticket seller, was worth more than the airlines that provided its inventory.

The current sense of despair in the dot-com universe may be as overdone as last year's euphoria. The Internet, after all, really is a transforming technology that has revolutionized the way we communicate. What recent months suggest, however, is that it may not be an indiscriminate, magical new means of making money.

Woeful tales of visionary innovators failing to capitalize on their revolutionary new technology are not new. The advent of railroads, the automobile and radio, to name other watershed innovations in history, also led to many a shattered dream. The number of failed auto makers far exceeded the number that ultimately succeeded.

In this holiday season, the financial implosion of so many dot-com retailers seems particularly cruel. It is not as if consumers do not appreciate shopping online. Online sales this season are expected to be about two-thirds greater than last year. But it is not the innovators who are reaping all the benefits. Online retailers are losing market share to the likes of Wal-Mart and Kmart. This holiday season, online sales of traditional retailers, initially hesitant to embrace the Web, will outpace those of the pure dot-coms for the first time.

The endearing Pets.com sock puppet is a fitting mascot for the demise of the dot-com mania. Less than a year ago the spokesdog for the online pet-supply retailer was starring in some of those $2 million Super Bowl commercials. Now, in the wake of his master's bankruptcy, he is looking to shill for another company -- one that can actually make money.

http://www.nytimes.com/2000/12/24/opinion/the-dot-com-bubble-bursts.html

SNB Chairman Views Cryptocurrency as Investment, Not Currency

https://dcebrief.com/snb-chairman-views-cryptocurrency-as-investment-not-currency/

This conversation reminds me of the need for financial and investment education especially when it comes to cryptocurrency. It is another piece of the financial inclusion puzzle. There is a lot to know, how the different financial systems are configured and the impact it has on the individual, how to research your investments, understanding risk and risk management. Cryptocurrency and blockchain have opened a whole new category of finance and investment.