Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 276. (Read 148866 times)

Australia Officially Ending Crypto Double Taxation

https://dcebrief.com/australia-officially-ending-crypto-double-taxation/

Hi GaxviiBuss, DNotes 2.0 is not ready as of yet. We are still working on it, you may review our progress on Github here:
https://github.com/DNotesCoin/DNotes-2.0

We've also setup a newsletter to notify people when DNotes 2.0 will be available on our website:
http://dnotescoin.com/
See newsletter at the bottom of the page.

Is the transition to POS finish ?

Excellent Tim! Can't wait to see the vid, good luck!

Good luck at the conference TeeGee.

"There is no short pathway from smart to wise." - I love this. 

I love your comment again TimMarsh. Not a lot of time for a substantial response -- I am about to go to bed to catch a flight in 5 hours, where I'll be speaking about the future of money at a conference the day after (should have a video for you guys to watch this time). It'll be roughly 30 minutes long with Q+A at the end.

But, regarding the part you said about refining ideas with the experiences of other people, there is another quote that I like:

"There is no short pathway from smart to wise." - unknown author, I even googled.

Yes ......Doing Things Right The First Time Around is and has been the cornerstone of excellent Customer Relationship Management /Customer Service in many successful global / multinational companies...and is certainly and compulsorily the way forward /long-term survival even for any start-up

I just made time to watch the second video posted in this set and it really resonated with me. I understand that the general message of the instalment is that through confidence, you will lead by example, listen to employee suggestions, and foster a better company culture. But beneath this, the video raised a concept that really interests me. This is the combined intelligence of a workforce.

In the late 1800's the term "brain trust" came into use and was popularised in the 1930s–40s during the US Roosevelt administration. This term referred to a specially selected group whose combined intelligence and experience achieved greater results than individual efforts. In 2006, when the "specially selected" property was dropped and the number of members massively expanded by the Internet, the new term "crowd sourcing" came into existence.  But despite the concepts having been around for a while, there is no term in common use for the combined intellectual power of a business. This is because the concept is not widely considered or discussed. So again, I'm recognising Alan as an innovator in this area of business management.

In this video Alan talks about how important it is to listen to employees so that they share ideas. He goes on to suggest leaders should make their staff think through problems and adds, "We learn when we are forced to think." This shows Alan's recognition of two fundamental things in accessing the combined intelligence of your staff. First, building their thinking abilities, and secondly, creating an environment where their thoughts are shared freely. These concepts are very important to business success. Every great idea not had, or not shared, is an opportunity for profit that is lost. And success is the result of turning opportunities into profit.

And I know that Alan isn't just spouting opinions on video, he lives his message and the results prove their relevance. In a recent post TeeGee mentioned how beneficial the recent period of DNotes Global Inc collaboration was. His comment made it clear how Alan encouraged and valued the thoughts and ideas of his team, not only listening, but refining ideas with his own experiences. So when DNotes Global Inc talk about solving the trust problems and many others issues with a well designed exchange, I know that the result will incorporate the many ideas and solutions shared by staff, and even crowd sourced ideas from this thread.

At this point, I am frustrated with exchanges after some concerns with Poloniex and now with Bittrex, let alone those historical collapses. I am convinced that some of their functionality can be replaced with decentralized exchanges, although I haven't looked into any yet. But, it was stated in an earlier post that there are just some things that you can do on a centralized exchange that you just can't do otherwise. There is a need for consumers to have viable choices.

Having said that, I am not even allowing myself to get excited about a DNotes exchange, because I know it is not on the immediate horizon. But I would feel so much more comfortable doing business there than anywhere else. I wish we could put that one on the front burner, but I know your team will do it right!

Appreciate it TimMarsh, it is the only way we feel DNotes and cryptocurrency can be successful in the long term.

Agreed, these problems have resulted in issues for the entire industry and may create a lack of general trust and turn people away from cryptocurrency. This is where a DNotes created exchange can excel, doing the right things at the right time. The exchange we feel is critical to the future of DNotes and an important profit generating entity that will ultimately benefit DNotes stake holders as well, as a part of DNotes Global Inc.

Since we are on the subject on the importance of great customers services and exchange, below is a direct quote from our OP Roadmap for 2018 and beyond:

“Full service centralized exchange where DNotes, Bitcoin, and a selection of other digital currencies and fiat currencies will be traded.” https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858

2018 will be a very exciting year for DNotes. After launching DNotes 2.0, we will continue its development with an expanded team of developers – potentially a large team. Among various other projects, including blockchain related projects, we will start working on our full service centralized exchange with a commitment to be equal to our competitors and ultimately be superior.

At a minimum, we will be superior in customer services and the protection of their assets right off the gate. We are prepared to spend up to two fully years to do things right. Like some of you, I have had my share of frustration and disappointment and sustained heavy losses because of miss-managed and collapsed exchanges like Crypto Rush, Mint Pal, and Crypsy. All those lessons learned will help us build a better exchange.

In addition to my MBA, I am grateful to have an under graduate degree in Behavioral Science. It has been extremely helpful for me to understand people and work with them – most of the time. One of my most important observations is that people are consistent in their behavior. If a kid would steal from grandma, that kid would most likely steal from anyone. Keep this in mind as an important guiding principle; it clearly applies to many human interactions.

Bittrex stated that, “The total number of suspended, closed, or banned accounts is very limited: less than 0.1% of the total accounts on Bittrex.  More than 99.9% of Bittrex accounts are unaffected.” I have two problems with this statement: The 99.9% accounts are unaffected may be a stretch and that not doing the right thing to take care of the 0.1% of the customers is a negligence in critical customer services.  With consistency – both are troubling. Thanks to RJF, as he said it best:

“So that's it huh? That's the explanation? Not enough, not at all. They could have avoided all this grief and nonsense by simply alerting us first or, at the very least, putting up a banner on the home page. Does no one consider the consequences of their actions anymore? What if someone, on the edge, thought they had lost all their money and jumped out a window? This is no way to conduct business in this day and age. They should take a long hard look at themselves and make some changes in favor of the customers not the convenience of Bittrex. Communications and trust are needed for success. I see neither here.”

Seems they may have placed the "1" on the wrong side of the decimal... 

I have a friend in New Zealand who is also locked out of his account. Though he also said he needs to verify his account. Still makes me unsure about their 0.1% affected figure.

This seems odd, Brandon. I can understand them asking for more information that they don't currently have so that they can comply with some new regulation and avoid being shut down in some location. But new information is not a reliable way of verifying identity.

I leave a parcel with the gate keeper, and ask him to pass it on to Bob, when he comes to collect it. The gatekeeper has never met Bob. When a man turns up and says to that gatekeeper, "I'm Bob, here to pick up a parcel." The gatekeeper answers, I have to be sure you're the real Bob. What's your last name?" Bob says, "Sure, my last name is Jones." The gatekeeper nods. "That'll do, sounds good enough for me. Here's your parcel." Security doesn't work like that.

The security information must be given to the organisation first, before the organisation can use it to verify identity. Imagine logging into a website after a long absence and getting a message, "We've used our AI algorithms to crawl the web and discover your favourite food. Type your favourite food into this box to unlock your account."

I'm agreeing with R-J-F on this incident:

And I'd like to take this moment to compare Bittrex behaviour to what I've experienced from DNotes Global Inc. DNotes plan what they are doing and share their plans in a timely manner, with clarity. Then if the plan is changed, they provide updates. For major changes they establish a mailing list for people to be kept up to date with. And then they actively monitor their forum and respond directly until the user has no more questions. All of this comes from a single motivation. They believe that "Doing the right thing at the right time" is key to being successful. And they clearly stand by and live their ethics.

Maybe not but, it will replace people like Bernanke. I wonder if he realizes that?

This is the latest and, the only, statement I can find from Bittrex:

https://support.bittrex.com/hc/en-us/articles/115002187632-Statement-on-disabled-accounts

"Statement on disabled accounts:

Ryan
Today at 12:28

We would like to address recent reports regarding Bittrex account suspensions.

We occasionally conduct compliance reviews and are working vigilantly to protect our service and our users from harm. As part of a compliance review, we have temporarily suspended certain accounts pending the completion of the review. The total number of suspended, closed, or banned accounts is very limited: less than 0.1% of the total accounts on Bittrex.  More than 99.9% of Bittrex accounts are unaffected.

Any reports that Bittrex miscalculated or misapplied its exchange fees, that there is a security problem with the exchange, that Bittrex lost any coins stored on users’ behalf, or that Bittrex is banning people trying to access Slack to discuss the status of their accounts are incorrect.  We are committed to making Bittrex a strong, safe, and compliant exchange where people can securely participate in the digital currency economy.  We ask for patience from our highly valued customers.  As for us, we plan to “keep calm, and carry on.”

So that's it huh? That's the explanation? Not enough, not at all. They could have avoided all this grief and nonsense by simply alerting us first or, at the very least, putting up a banner on the home page. Does no one consider the consequences of their actions any more? What if someone, on the edge, thought they had lost all their money and jumped out a window? This is no way to conduct business in this day and age. They should take a long hard look at themselves and make some changes in favor of the customers not the convenience of Bittrex. Communications and trust are needed for success. I see neither here.

No iam just wondering why they closing account without any reasson...
Very scary whats next...

To regain access to your Bittrex account they are asking for personal information to verify your identity, which I wasn't comfortable sharing with them. Seeing as how I had next to no cryptocurrency stored on there, it just wasn't worthwhile.