Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 286. (Read 148866 times)

Yes they do a great job at that! I know a lot of people must read this forum and just choose not to join the conversation for different reasons. I always love reading and staying up to date with this form but don't post to often.

What I love most about Dnotes of the many things is the way they manage themselves like a business. Since I joined in over 3 years ago they have always remained professional and business oriented. Something that I just adhered to very fast which is why I bought a lot right off the bat and I'm still buying small amounts up till today. When I joined in I had searched Alan Yong and saw how much he had achieved and just saw him as being the most qualified to achieve something this bold in the crypto space or our future world. Alan wants to benefit everyone globally with a crypto coin done right and to work with everyone not fight anyone (governments, banks, businesses, etc). They have added a lot from there original road map or ideas in the early days but they always stayed true to the vision and released and finished things they had discussed.

What I find interesting is most business are not active in a forum with the public to my knowledge other than social media like youtube, facebook, twitter, etc. But the way these coins are decentralized all of them need forums to spread the word, as of now. Many or almost all are not managed very well or if at all. But then you have Dnotes forum. Very intellectual conversations and lots of info of upcoming stuff. They Run their forum like a business, if someone comes up with FUD they give them a very well written professional response and the FUDers naturally leave. It keeps the forum so well maintained. Its always been a business ran forum.

They always have done just what they have said. I have been a very happy Dnotes holder. I am so glad to see the project doing so well with such a great community. Yes I know there is a minor setback in finishing all areas of Dnotes2.0 but theres a lot coming. its great that the team is not rushing it. After all we've been waiting over 3 years its great there taking there time to do things right! They have always said that this is a 10+ year project since day one to fully develop and then continue on from there. As far as I'm concerned this is a long term investment

I Know in the past I've been asked to explain my story or outlook on it as a long time holder, well here is a good glimpse  

Thank you for your kind words, mayback. We strongly believe that we are here to serve the best interest of DNotes' stakeholders and together we can make DNotes a purposeful trusted digital currency for everyone. That is our best pathway to gain global mass acceptance. We know that is a big bold vision and will not happen by accident. It will take years of hard work to build a solid foundation. However, once DNotes starts gaining momentum, a lot of amazing things can happen fairly quickly.

We appreciate your positive feedback. It is inspiring. Thanks. 

I am doing some research on coins I have been holding for a while, and I just wanted to say it is incredibly refreshing to see a dev team so active on the forum. Thanks for the updates and reminding me why I believe in this project

Wow - fantastic post on Steemit. Thank you cryptospooge, you made my day!


Discovering DNotes - Under the Radar? Probably Not For Long

Earlier this year, while researching a curious experiment to fund a retirement with earnings from cryptocoin faucets, I came across a coin that has grabbed my attention. I didn't know it at the time, but DNotes would quickly become my second largest crypto holding after BTC. (Should I say hodling? In this case, definitely!)

Let me tell you what I saw that got me interested.

The first thing I noticed was that they had additional separate websites dedicated to educating people about cryptos. Ok, nice.

They also had an online wallet with a bit of a twist. The DNotesVault, where you can store your coins if you don't want to manage a wallet yourself, actually has a guarantee fund. Yes, they actually have a separate fund, offline in cold storage for security and all that, just to guarantee the funds you store in the Vault.

That's something they don't have to do, and I hadn't seen anyone else doing that. But they thought about that and implemented it for the safety and security of their community. Banks only do that with your dollars and euros because it's a government mandate. These guys do it because it's the right thing to do. Ok, very nice.

What really caught my eye were CRISPs. Cryptocurrency Investment Savings Plans.

You deposit funds in a specific type of account in the Vault and agree not to withdraw the funds (although you could, with a penalty - seems fair) and they provide you with interest. Just like a bank, only the interest is actually much better than anything you could get in a bank today.

These guys were providing something I hadn't seen any other coin provide. They were building stability right into their coin ecosystem. They were thinking about the needs of the consumer. This idea really stuck with me.

So I wondered why this coin wasn't better known and I started looking around. It was very quiet in the forums and social media. It was more or less dead.

When coin developers and their communities go quiet, it usually means the coin is dead. But this one wasn't. It was still there after three years, maintaining very good gains since its inception. And doing it without some of the volatility that other currencies had.

I soon discovered that it wasn't dark because it was dead - they just went radio silent for a while. But they weren't sitting still. They were actually very busy.

Planning.

There was a lot going on behind the scenes.

I learned that I was right about what I had thought they were doing - thinking about the needs of their community and their ecosystem. They actually had a philosophy. And they were planning further based on that philosophy.

I think it was within days of me opening a CRISP and hilariously (to me anyway) beginning to fund it with tiny bits of coins from faucets, that they started announcing the things they had been working on.

Such as:

Re-releasing the coin as DNotes 2.0. They are going to allow owners of DNotes to swap out the coins with the new version. Other coins have done this and it's a rather bold thing to do. But seeing what else they are doing, it makes good sense.

They had rewritten the code so the coin was going from Proof-of-Work to Proof-of-Stake to be more in line with their overall philosophy. PoS coins are getting a lot more traction now. This is a smart move.

They have also rewritten the code in a different programming language - C#. According to the developers (and lots of unrelated outside sources), it will allow the coin to be used for a lot more applications to be built on top of it and add a lot of functionality. I know next to nothing about these technicalities, but I'll take the techies at their word on this. This also seems like a great move.

There's going to be Lots of PR associated with this Dnotes 2.0 rollout. That includes lots of press with co-founder Alan Yong's book and all the videos they are producing to support it and promote DNotes.

There's more, including projects further down the road such as banking-like services, multicurrency credit/debit cards, and a full cryptocurrency exchange.

Ok, now it's not just a matter of 'I like their philosophy.' It just got real. There are a lot of reasons to think DNotes 2.0 will not be undervalued like DNotes 1.0 had been. DNotes 2.0 is very likely to take a place among the top 50 coins in the near future.

So, at the time I was opening my account, the price was going up and I was hoping I wasn't too late.

I don't think the sharp rise in price earlier this year had too much to do with what the DNotes team was doing. I think it had much more to do with the general crypto market forces. There was a huge influx of capital into altcoins in the months prior, and I think there were many examples of huge gains by altcoins that were being played out, and DNotes, which was very much under the radar, just became the next victim of that wave.

But, it already had my attention. And to a certain extent, I was panic buying before it went up too much. The wave played out and the price came back down. Too much if you ask me, but many close to DNotes would say that it is undervalued anyway. I was actually ok with the price coming back down. That just gave me an opportunity to keep buying little chunks of DNotes at a better price.

So here we are. Probably a few weeks away from the swap to DNotes 2.0.

I'm a little too cautious to make a specific price prediction for after the release of 2.0. I think there are just too many variables.

But, I look at the market caps of some of the top 100 or even top 50 coins, and I just can't justify many of them. And I look at the plans the DNotes team has, the approach they have taken, and their general philosophy, and I can't help but think that DNotes belongs up there.

I do the math and I shake my head. That would mean a huge gain in the price.

Discovering DNotes reminded me how I felt when I first found and researched Bitcoin 4 years ago. I just have a gut feeling about this one again. I was right about Bitcoin. I hope I'm right again.

Full disclosure - yeah, I own some DNotes. Duh! My hodlings of DNotes represents less than 10% of my crypto stash. I own less than 10 different coins. I didn't write this post to pump DNotes and I don't work for them. I just believe in it and have some faith in the team and would like them to succeed.

https://steemit.com/cryptocurrency/@cryptospooge/discovering-dnotes-under-the-radar-probably-not-for-long

Great discussion and thanks for your inputs. News from the mainstream media can get quite confusing for early stage technologies like bitcoin and digital currencies. For a period it was "All Clear" and the price of Bitcoin broke through the $5,000 mark. And the next thing - ICOs were not so legal,  China shutting down their crypto exchanges, and JP Morgan Chase CEO, Jamie Dimon calling Bitcoin a "fraud" and suggested that the government will shut it down should it become very successful.

This is my take. Digital currencies is here to stay and we are at the very early stage of the greatest technology revolution since the internet. There is massive room for sustained growth and no single government or a group of nations can stop it. More importantly, they wouldn't because of the opportunity cost. With very few exceptions, nations around the world are broke; whenever there is money, politicians will figure out how to reach out and grab some, instead of letting it get away.

Having said that, our industry has issues to be resolved. Among them, there must be reasonable level of consumer protection and crypto exchanges must have the fiduciary duties to protect their customers' asset. Perhaps the biggest challenge of all is building intrinsic value and price stability. DNotes is committed to address all these challenges and more. We began by taking a different path since day one. This is a long dedicated journey that demands many great strategic moves executed at the right time.  

Hi guys, thanks for the opportunity. I am glad you guys liked my designs. Keep up the awesome work  

Thank you, Joe. As always, we appreciate comments, suggestions, and technical contributions from our community and interested parties. We are planning to expand our development team significantly in 2018. Get to know us early, if you are interested to get involved. We are at the beginning of a very exciting journey for DNotes. Check out our road-map HERE:  https://bitcointalk.org/index.php?topic=1924858.0

All, here is the DNotes 2.0 repository on GitHub:
https://github.com/DNotesCoin/DNotes-2.0

We will update daily and I will be sending screen shots of the front end on the next update.

I think another potential major bonus of this move could be the safer light that large hedge funds and professional traders with large amounts of money to play with will view investments in BTC, with a larger offering of crypto trading products available - ETF and even pension fund investments. When these types of investors begin to take an interest in a new market, it could be a signal that government will by necessity need to take a relatively friendly view towards cryptocurrency markets. Say a Japanese pension fund invested 100m into Bitcoin, the interests of the BTC community, and the Japanese government / people become aligned.

Running "30 FSA and finance bureau experts" will not be cheap either, so I imagine the Japanese government believes they'll get a return on this investment for their country and its population. It makes sense to provide a safer environment if you want your population to invest in cryptocurrencies. This to me indicates that Japan sees it as a potential for increasing the populations wealth.

I guess the flipside to this is concern that an attack on a poorly run exchange could lead to the investments of Japanese funds being stolen and removed from the country. Both considerations indicate yet again, that as the market capitalisation of cryptocurrencies increases, governments are not just taking it seriously, their investing in staff and departments to manage it.

I wonder if having monitored and secure exchanges will give these businesses a more dependable reputation which will then attract foreign investment through them. This government sponsored security could lead to increased international business for Japanese exchanges.

This could well be a wise move going forward to prevent the many exchange collapses and resulting customers funds we've seen lost over time re: mintpal, moolah, cryptsy etc.

Japan’s FSA to Put Country’s Crypto Exchanges Under ‘Full Surveillance’

https://dcebrief.com/japans-fsa-to-put-countrys-crypto-exchanges-under-full-surveillance/

The two CRISP rewards require no action by the user as well. Any amount of DNotes held in a wallet for 30 day or 365 day period will be awarded the CRISP reward.

The staking reward will be more variable, depending on the number of people staking at any time,  but set with a target of 2% for each user annually. This only requires that you have the wallet running with an internet connection and set to staking. Every block a winner be chosen for the stake reward, and the more coins you are staking the higher your chance of receiving the stake reward.

You are always welcome, Variant386.

The maximum annual return is around 8% generated from three different sources:

1. Monthly payout of .1666% (2% annual) every 30 days CRISP reward,

2. Approximately 2% (annual) staking reward for supporting our staking network.

3. CRISP reward of 4% paid to CRISP account balance every 365 days. 

One of DNotes missions is to promote long-term savings. We are making every effort to make it easy and accessible for anyone world to participate. At the same time, we are also committed to build stakeholder value for the long-term. DNotes is uniquely different in many ways.

Please refer to my quote below from the previous page 67. There are other comments as well. Thanks.

"September 23, 2017, 01:07:02 AM

Hi ermaxinc. The launch of DNotes 2.0 has been delayed. The learning curve has been more demanding than anticipated and the amount of customized C# coding is also more than we anticipated. As much as I am always very conservative in estimating time-line and cost, I have been down this route before. Big complex projects like DNotes 2.0 development often ended up taking longer and costing more; sometime with more problems than expected. Fortunately, in our case, there are no major known problems.

A lot of that is because of the inherent challenges in dealing with the unknows. It is even more pronounced in our decentralized open source environment. There are heaps of contributions and work-around but very time consuming to sort through. It is not uncommon to end up with incomplete solutions, with the last most difficult 10% unfinished.

I anticipate that it will take a few more months and we will update our community on any significant developments. Meanwhile, our developer will be working with his team and create a git repository on GitHub.

DNotes 2.0 is a large-scale project creating a new coin to replace DNotes with a 1:1 coin swap. We are migrating from our current Proof of Work (POW) to Proof of Stake (POS).  This is a multi-year project leading to 100% conversion to C#, along with numerous applications to best support our projects as outlined on our road-map: https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858"

Thanks for the warm welcome all. One small question, when we shift to POS 2.0 the article states an investment return of 2% PA with the CRISP 2.0. I am wondering if this will be sufficient incentive for long term investment? Or am I missing something? (more likely)

Hello Pete! I trust living in Mexico is treating you well , welcome to our forum -- we too are very excited about the launch of 2.0, and what we'll be capable of doing so far as building more products into our ecosystem that will be supported by the 2.0 platform and its features.