Hi, Dear DNotes Community, thanks for your reply I got much info about the current project situation. I fast skimmed a lot posts in this forum and read the news of DNotes on the website. Still have some questions.
1. DNote Global Inc, the company, is it already registered? If so can anyone provide the legal paper, anywhere can I validate this?
2. If DNote Global want to run a currency like business in the US. It will have legal problem in the future for sure if DNote do popular and has a lot users. Maybe consider moving the company to other countries.
3. I do read some news and posts, but really can't see any technical updates. That's my biggest concern. Can we have a details developers list? Can we also post tech development improvement in the blog with code and thoughts so we can follow at the technical view?
I found this github repo
https://github.com/DNotesCoin/DNotes-2.0Cause I was a developer, but never develop crypto currency, so I checked the commits. There seems no actual development, all the changes look like change some configuration and add some front end. It doesn't look like working on a newly upgrade, but I'm familiar with crypto code so I could be wrong.
Two people has contributed to the code, not active.
4. About Regulation A+, crypto currency and blockchain actually is very hot in China now, you may already know some good projects like NEO and Qtum. For what I know VC only interest in projects having improved blockchain technology, but will almost not invest in a crypto which is common in the market, because DNotes for what I know is based on CryptoNote and many features are already exits in many projects and many of them are very successful. Most projects are open sourced, copying the code, do some minor change then create a new coin is very easy. For this part I think it's very very difficult for DNotes to get a VC investment.
If we can't get this investment, what's the future of DNotes and how to get development done?
5. From a technique view, including the 2.0 upgrade, what's the competitive advantage? For example Zerocoin and Zcash, people can clearly see the different implementation they made to achieve the transaction privacy. Bitsend(BSD) is fork of Dash, but BSD still do something differently, it has a higher version of Bitcoin Core. BitBean has a faster transaction and so on. I think people do value this very much. Can developers also provide this?
Sorry for asking so many questions, English is not my first language. I do like DNotes community, very kind and patience. Thanks!
Thank you, kopes18 for asking many relevant questions. Some of them have been asked and answered which I may not have time to go into any details because of my busy schedule today.
1.
DNote Global Inc, the company, is it already registered? If so can anyone provide the legal paper, anywhere can I validate this?DNotes Global, Inc. is incorporated in the State of Delaware on April 1, 2016 as a “C” corporation, File Number 6005128. It is listed on Bizapedia HERE:
https://www.bizapedia.com/de/dnotes-global-inc.htmlIt is also registered with the Secretary of State in Illinois File Number 7063-3744 (doing business in the state of Illinois, as required by law). Additionally, we are registered with IRS and the Employer Identification Number is: 81-2092465.
Please understand that there are limited activities. The company was incorporated in anticipation that A+ Mini-IPO under title IV Tier II may be our best funding option. As it turns out our prepositioning was a wise move. We will be able to provide audited financial statements, as required, as a result the early incorporation.
It may be appropriate for me to stress the importance of my book “Improve Your Odds – The Four Pillars of Business Success” https://fourpillarsofbusinesssuccess.com/
For purposes of raising up $50 million using A+ Mini-IPO the book could be the single most valuable contributor. Many serious investors value completed projects of substance. The days of raising $200+ million based on just a white paper with stunning graphics and outlandish promises are coming to an end. I have spent over a year writing the book and producing about 70 educational videos. A significant amount of money has been invested in the book project alone and it has been gifted to DNotes Global, Inc. 100% royalty free.
2.
If DNote Global want to run a currency like business in the US. It will have legal problem in the future for sure if DNote do popular and has a lot users. Maybe consider moving the company to other countries. Having been here for 46 years, I am convinced that United States is the preferred country for DNotes Global, Inc. There are burdensome rules and regulations. In our case, that could be a competitive advantage and a benefit to our stakeholders because of the increased level of consumer protection as required by law. Don’t get me wrong. I have plenty to say about burdensome and duplicative regulations. Save that for another day.
3. I do read some news and posts, but really can't see any technical updates. That's my biggest concern. Can we have a details developers list? Can we also post tech development improvement in the blog with code and thoughts so we can follow at the technical view?
I found this github repo https://github.com/DNotesCoin/DNotes-2.0
Cause I was a developer, but never develop crypto currency, so I checked the commits. There seems no actual development, all the changes look like change some configuration and add some front end. It doesn't look like working on a newly upgrade, but I'm familiar with crypto code so I could be wrong.
Two people has contributed to the code, not active. I will let Joe respond to this one but add. Yes, we are a small team. For the first three years, we focused in developing our ecosystems, i.e. – CryptoMoms, DNotesVault, Family of CRISPs, DCEBrief and my book. We waited for the technology to mature and only started working on software development on April 1, 2017. This marks the beginning of a very serious commitment. I always believe in doing the right thing, at the right time, the right way. I also believe in the most efficient ways of doing things. Sometime it is not wise to seek glory but instead use the time to do things of substance. That may explain why DNotes has so much accomplished. We are at the infancy of software development. There are many in our industry way ahead of us. We respect them and learn from them. But that will change dramatically in 2018.
4. About Regulation A+, crypto currency and blockchain actually is very hot in China now, you may already know some good projects like NEO and Qtum. For what I know VC only interest in projects having improved blockchain technology, but will almost not invest in a crypto which is common in the market, because DNotes for what I know is based on CryptoNote and many features are already exits in many projects and many of them are very successful. Most projects are open sourced, copying the code, do some minor change then create a new coin is very easy. For this part I think it's very very difficult for DNotes to get a VC investment.
If we can't get this investment, what's the future of DNotes and how to get development done?This is a multiple parts loaded question. I may not be able to address all the different issues.
Here is my take: DNotes is a decentralized currency and will remain as one. I am quite certain that DNotes cannot be qualified and approved under A+ title IV Tier II of the Jobs Act to conduct an IPO. We are using DNotes Global, Inc. to launch the A+ Mini-IPO. The time is likely to be in DNotes Global, Inc. favor in the mist of ICO legal struggle. I believe that the worse is yet to come for ICOs.
The beauty of using A+ Mini-IPO Tier II is that we are not dependend on VC funding. Once approved, it is legally available for global participation of both verified accredited investors and non-accredited investors; limited to 10% of their annual income or net worth – whichever is greater. We can legally promote and advertise worldwide involving multi platforms.
DNotes is not based on CryptoNote nor is DNotes 2.0. The current version is closest to Litecoin and DNotes 2.0 is closest to Stratis. As we evolve DNotes 2.0 will include unique contributions and will be open sourced.
5. From a technique view, including the 2.0 upgrade, what's the competitive advantage? For example Zerocoin and Zcash, people can clearly see the different implementation they made to achieve the transaction privacy. Bitsend(BSD) is fork of Dash, but BSD still do something differently, it has a higher version of Bitcoin Core. BitBean has a faster transaction and so on. I think people do value this very much. Can developers also provide this?Please refer to Joe’s response.
Sorry for asking so many questions, English is not my first language. I do like DNotes community, very kind and patience. Thanks!Everyone is welcome to ask questions. Your English is excellent. Great job.