Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 262. (Read 148866 times)

Interesting. I'm not terribly well-versed on individual country capital controls, but the capital controls in NZ are a touch onerous, right? Or have they improved since the BitNZ closure earlier this year?

The class action lawsuit against Tezos will likely result in a lot of similar actions by disgruntled investors in other ICOs. The lack of restrictions that gives everyone the freedom to invest in these, is now being exploited by the very people no one trusted in the 'old' financial world.  

https://www.crowdfundinsider.com/2017/11/124067-tezos-hit-class-action-lawsuit-filed-california-beginning-end-unregistered-icos/

I came across a recent article written by Nick Ayton of Cointelegraph relating to IPOs. It is not exactly shocking to me, but still eye-opening. Since I am preparing for the World Funding Summit with little time to post, I thought that I share this with you.

What Lessons Can Be Learnt From Tezos ICO Debacle

Our London Correspondent Nick Ayton, the Sage of Shoreditch, explores the infighting at Tezos that reveals the ICOs structural challenges.
Some suggest the SEC might demand Tezos’ founders refund investors’ money...all $232 mln of it.

Apparently there are some deep seated personal and structural issues with how the token sale was structured, marketed and executed that will be a lesson for us all.

Why are being raised the suspicions that some investors allowed to exit with profits? How was the $150m valuation arrived at? What was Tim Draper’s role? Might investors have simply been misled and was there a role here for the hype and dumb people? And the big one, is the Tezos token really a security? And why was the token not registered with the SEC?
Tezos, a kick in the teeth for investors…

Tezos was intended to deliver a self-amending crypto ledger technology and improve on the Ethereum and Bitcoin networks, boosting security and trust. This is a bit rich given what appears to have been going on behind the scenes.

Read more: https://cointelegraph.com/news/what-lessons-can-be-learnt-from-tezos-ico-debacle

Thank you for your answer. As per my opinion the one of the major things is trust, and certainly you guys have it from the community side, but there are limitations as well for how long. It is just fear and i think no one would like to see Notes as good idea only. There were many nice coins as Memory coin, Data coin, Heavy coin, Fugue coin ... all unique on it way but reality is unfortunately different, belongs to the history almost.   

Hi gavrilo -- it's is not the lowest DNotes has been, either in terms of BTC or in terms of dollars. When we first traded, the price was around 60 satoshi. Bitcoin's rises have also meant that each DNote is worth more, though when BTC rises altcoins often find a lot of capital leaving the market for a while. The influx of capital into alt-coins in May/June/July has in large part left the majority of coins back where they were at around March / April levels when priced in Bitcoin.

The last GitHub update was 6 days ago -- https://github.com/DNotesCoin/DNotes-2.0

We too are not pleased that we have had to push back the release of 2.0, and Alan has stated here that we are aiming for release early in the new year. Earlier today in this thread, our CTO (Joe -- or DNotes in this forum) said he talked with two development firms in Indiana regarding assisting our main blockchain programmer, and other related applications we are looking into building that will be a part of the 2.0 ecosystem to speed things up a bit.

Is this the lowest price ever for Notes?
The last github update was on 15 August. Is there any other info about development of 2.0?

Welcome sprikies to the DNotes forum. Cryptocurrency certainly has advantages over payment systems like PayPal, such as micro-payments and the ability to have little to no fee and requires no intermediary to send a transaction anywhere in the world.

Thank you very much, Denver Dan. That was an excellent response. It is respectful, balanced, and substantive. We are privileged to have your support and confidence.

We expected our industry to be very crowded and competitive since day one. Instead of being a “me too”, we decided to take a very different path by placing high value on trust, respect, and integrity. Those values are priceless in financial services.

Most people are decent men and women like us who work hard to make a living but struggle to build a more comfortable financial future. Most fund managers take their fiduciary duties responsibly. For those reasons I am in full agreement with your statements: "Integrity, professionalism, and a legit business model, will win out in the end.  Probably sooner than later, as more investment grade money enters this arena". Well said. Thanks.

Sounds very promising. Excellent to hear that these groups sound both capable and understanding of DNotes' needs. Looking forward to seeing how this develops.

I'll probably support both Cryptopia and C-Cex -- I like to reward those who are loyal. The Cryptopia guys are local to me too. One of the only places in NZ that allow New Zealand dollars to be onramped / offramped to and from an exchange. They have quite a few NZ dollar to alt-coin trading pairs. Over time that could extend to a NOTE / NZD trading pair. 

You're damn right that's a big reason why cryptocurrency is great, never before has the ordinary person had freedom of association in a monetary sense. The "cookie cutter" style system is often unfair when someone doesn't fit the mold, and they are encapsulated in blanket policy designed for people who (may or may not) need warning labels on crayons.

Thanks Dan. We have always advocated fair and reasonable rules and regulations in order to help this industry grow without being overly restrictive and burdensome. Thanks for the comments and confidence!

I agree that there will always be bad actors wherever there are large sums of wealth to be taken, no matter what precautionary measures are in place. It's a never ending struggle of evolution and innovation that could probably be traced back to the dawn of time. However I do think JuliusSeizure has a very good point, in that an "unwritten code of ethics" will help foster a culture of mutual respect.

Welcome to the DNotes thread JuIiusSeizure. I would hope as well that countries would not ban bitcoin or cryptocurrency based on bad actors or it's potential use in the nefarious, as I'm sure regardless of the medium used there will always be bad actors. Ultimately, cryptocurrency leaves a trail that could be followed.

Certainly understand the frustration in that situation MiningHabit and it is unfortunate that you were unable to invest. You could have gone to the casino, or bought lottery tickets with whatever money you had planned to invest and that would have been perfectly legal. I don't believe the amount of money you make should dictate your ability to invest.

Well said. Nice explanation. I like 2 a lot. I have always hated the accredited investing rule. No, I'm not rich. But yes, I am astute enough to understand the risks I take. So why can't I?

For example, I was desperate to invest into Facebook a year or two before it went public. It was worth $10b at the time, with shares trading on SecondMarket at about a $15b valuation. Pretty steep markup to get in. But I wanted in bad. Only, I'm not accredited. My Dad is, and so I wrote up a 4 page investment thesis. He didn't do so. And obviously there was nothing I could do with the little capital I had at the time. Facebook is like 30x-40x those market cap levels now. And I missed only because I'm not already rich.

This is a huge reason I love crypto so much. It's going to disrupt so much of our world, just like social platforms and cell phones did before it. But this time, nobody except for myself gets to determine what I do. I set my own risk params, and the government can't tell me what to do because I'm not already rich.

Glad to see this ethic possibly extending out to the underlying corporate entities, and not just to tokens themselves.

I was able to meet with a few local development firms here in Indiana yesterday. The meetings went better than expected, highly intelligent and creative people that obviously spent a great deal of time to research and understand our needs. Each group had a distinct interest in certain areas of DNotes progression, which is exactly what we need in order to grow rapidly.

Thank you, HORT. Your confidence in DNotes is greatly appreciated. When I have more time next week after my trip, I will gear up to support Cryptopia. I have heard good things about them.

C-Cex has listed DNotes since our early days. They have treated me well despite our low volume. I did support them fairly actively for the first couple of years. Although there is some room for improvement, to me they have been great. Zero unresponsive or bad experience.

DNotes will come back strong. Together we will overcome and succeed. 

Cryptopia has DNotes listed and it is a great exchange. I like it better than Poloniex personally so getting delisted there has zero impact to me. Take advantage of this lull as once new chain comes out things will improve drastically. DNotes is in a great position, trust me on this.

I don’t like to play lawyer since I am not one. However, funding is a vital component of DNotes Global, Inc. but something I seldom discuss. You guess it – not until the time is right. But there is an obvious reason why DNotes Global, Inc. was incorporated in the State of Delaware earlier last year. (April 1, 2016) It is a strategic positioning to provide established records, including audited statements if necessary. At this point, I have provided 100% of the funding and legally control 100% of the ownership until such time when our legal team are certain of the best structure to transfer the 25% ownership to DNotes stakeholders – mostly likely to a foundation.

So here is my take on ICOs. I fear that the clear majority of ICOs are not just “tokens” but securities when come under close examination.  There are extreme risks and potential liabilities if not carefully navigated under the most able legal guidance. Consequently, I have turned down every request to serve as adviser.

Doing things right is always more difficult, takes longer, and cost more but better over the long-term. That is always the DNotes preference. In our case the price has been high, and at times frustrating. But surviving the test of time will pay off when the dust settled. I trust that, one day, more people will respect and appreciate the path we have chosen.

Among others, there are three funding options on our radar:

1.   ICO

Join the party. Using our new DNote 2.0, create a “token” to raise funds for a given project or all the projects. For reasons discussed and more – we are not likely to go down this route. In the United States, as in most countries, it is illegal to sell securities that are not registered or exempt.

2.   Use Regulation A+ Mini-IPO of Title IV Tier II of the JOBS Act

I believe that this is the most viable funding option for DNotes Global, Inc. Reg A+, Title IV, Tier II allows a private growth-stage company like DNotes Global, Inc. to raise up to $50 million from American and foreign investors.

Like an IPO DNotes Global can offer shares to the public; domestic and foreign, and not just accredited investors. However, we will have to submit a filing with audited statements with the SEC and be granted approval before launching a mini-IPO. The complexities, cost, time, and reporting requirements will be significantly less burdensome than a traditional IPO. With the resources, I believe that from the time we make a commitment it can be done in six months.

3.   A concurrent Reg. D & Reg S Initial Coin Offering

Reg D is a United States Federal program created under the Securities Act of 1933, and adopted in 1982. It involves a private placement memorandum designed to provide an exemption for companies to sell securities under certain rules to accredited investors without registration of the securities.

Regulation D consists of 9 Rules with 3 “Basic” exemption Rules. Reg D Rule 506(c) exempts offerings that are sold to investors who have been verified as accredited investors. Reg S exempts offerings made to non-US residents. They both allow for general solicitation and advertising essential to ICOs marketed globally. With professional guidance done correctly, Reg S ICO launched side-by-side with Reg D is a viable option, especially for our clients in the future.

I don’t mean to bore you, but this is relevant to our road-map and the book. NextGenVC is one of our strategic building blocks to involve the corporate world. We are committed to assisting entrepreneurs to improve their chances of business success. Coupled with adequate funding it is also important to take full advantage of our emerging technologies - digital currency, blockchain technologies, and decentralized global payment systems. It is all part of the ecosystems we are building to gain mass acceptance. I know that it is not always easy to see the big picture and connect all the dots.  

Meanwhile, we are looking forward to our participation at the World Funding Summit in LA this Friday and Saturday. We will be checking in  when we have a chance and deeply appreciate your support of this forum in our absence.