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Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 291. (Read 148866 times)

legendary
Activity: 1932
Merit: 1111
DNotes
wallet is so slow, or im doing something wrong?

Hi erv, it takes a while to download and update the blockchain. How many connections do you have?

well, 4 :s

Edit: 6

That should be enough. Will take a while to update initially.
erv
full member
Activity: 280
Merit: 100
wallet is so slow, or im doing something wrong?

Hi erv, it takes a while to download and update the blockchain. How many connections do you have?

well, 4 :s

Edit: 6
legendary
Activity: 1932
Merit: 1111
DNotes
wallet is so slow, or im doing something wrong?

Hi erv, it takes a while to download and update the blockchain. How many connections do you have?
erv
full member
Activity: 280
Merit: 100
wallet is so slow, or im doing something wrong?
member
Activity: 158
Merit: 10
Good day,
I read many info about China and btc fall in this thread, but what about concrete date and Dnotes2?
if such interesting news are ready for sharing, I think low volume and low support on polo say about need new news


Hi sl-avik, we plan to update the community next week.

Ok, I will waiting it

I see you have great community and support, but for russian users we have not any resources
please share such links if it exist
I think it will very usefull for Dnotes share info and  make group in vk social also



Yes, you are correct, we do not have a regular resource for updates for the Russian users. It would be helpful to understand which platforms would be suitable. Would vk be the most viable social media platform?

yes, Vk is very popular among students and  for 15-40 years old people, fb and twitter is not very popular for russian speakers auditory
legendary
Activity: 1932
Merit: 1111
DNotes
Good day,
I read many info about China and btc fall in this thread, but what about concrete date and Dnotes2?
if such interesting news are ready for sharing, I think low volume and low support on polo say about need new news


Hi sl-avik, we plan to update the community next week.

Ok, I will waiting it

I see you have great community and support, but for russian users we have not any resources
please share such links if it exist
I think it will very usefull for Dnotes share info and  make group in vk social also



Yes, you are correct, we do not have a regular resource for updates for the Russian users. It would be helpful to understand which platforms would be suitable. Would vk be the most viable social media platform?
member
Activity: 158
Merit: 10
Good day,
I read many info about China and btc fall in this thread, but what about concrete date and Dnotes2?
if such interesting news are ready for sharing, I think low volume and low support on polo say about need new news


Hi sl-avik, we plan to update the community next week.

Ok, I will waiting it

I see you have great community and support, but for russian users we have not any resources
please share such links if it exist
I think it will very usefull for Dnotes share info and  make group in vk social also

legendary
Activity: 1932
Merit: 1111
DNotes
Good day,
I read many info about China and btc fall in this thread, but what about concrete date and Dnotes2?
if such interesting news are ready for sharing, I think low volume and low support on polo say about need new news


Hi sl-avik, we plan to update the community next week.
hero member
Activity: 846
Merit: 535
This leaves two suggested scenarios, both of which raise further questions:

JPMorgan are purchasing Bitcoin for themselves at discount prices thanks to Dimon's involvement in manipulating prices (but anybody who did so at JPMorgan would be fired for being "stupid" right?).

Or

JPMorgan are buying Bitcoin for their clients, which after Dimon suggesting Bitcoin was a fraud, means they are ignoring any sense of fiduciary care. Are JP Morgan allowing their clients to purchase securities that they believe are fraud? -- remember that banks in the USA regularly close customer accounts  just on the 'reputation risk' clients purchasing cryptocurrencies presents.

**Side note: earlier this week Jamie Dimon spoke at the Barclays financial conference, where he stated that JPMorgan's trading revenue was expected to reduce by 20% year on year (in a market of 'all time highs'?).

Either way, the industry moves on, and just focuses on what 'we can do'. The traders will always focus on making a buck from the 'real value' created by the work of pioneers and innovators. We must focus on being the latter. Trading will always be a major part of cryptocurrencies, but the industry will mature as it continues to grow.
member
Activity: 158
Merit: 10
Good day,
I read many info about China and btc fall in this thread, but what about concrete date and Dnotes2?
if such interesting news are ready for sharing, I think low volume and low support on polo say about need new news
legendary
Activity: 1932
Merit: 1111
DNotes
This says a lot about the great banker who called bitcoin a fraud:

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

So never believe such news and get all FUDed over it .

After all, he did tell us that his daughter also bought into bitcoin and guess he and his team(s) have also big and deep pockets for the coin.

Thanks SCeeYong, it's difficult today to know what to believe and what not to believe or what has hidden intention behind it. This is one of the reasons we felt DCEBrief was a necessary part of our ecosystem, a trusted source of information and facts. When we have the resources to perform deep analysis and investigation on cases such as this, we will be able to dig deeply into cases such as this and report further on the facts.
legendary
Activity: 1932
Merit: 1111
DNotes
NE Lawyers Advisory Committee: Attorneys May Accept Bitcoin

https://dcebrief.com/ne-lawyers-advisory-committee-attorneys-may-accept-bitcoin/

Excellent. It seems as we need defined procedures for the escrow and trust to ensure it can be handled properly. Hardware wallets that generate their own random seed may be a good option as well.
newbie
Activity: 21
Merit: 0
This says a lot about the great banker who called bitcoin a fraud:

https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

So never believe such news and get all FUDed over it .

After all, he did tell us that his daughter also bought into bitcoin and guess he and his team(s) have also big and deep pockets for the coin.
full member
Activity: 1078
Merit: 102
NE Lawyers Advisory Committee: Attorneys May Accept Bitcoin

https://dcebrief.com/ne-lawyers-advisory-committee-attorneys-may-accept-bitcoin/
member
Activity: 171
Merit: 10

This is a sad day for our industry. There will be significant "weeding out" with many suffering significant losses. This is a major correction and will take time to digest.

It is most prudent to take a step back and let the dusk settle. No one can stop the industry from moving forward. My greatest fear is that it could lead to over-regulation that will stiflel innovations.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
Coindesk:
Sep 15, 2017 at 11:28 UTC by Tian Chuan & Rachel-Rose O'Leary
https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/



I think this is a perfect example of how NOT to protect your citizens. Instead of implementing reasonable regulations for the exchanges so the customer is protected, they are forcing these people to use one of the hundreds of shady exchanges that will be popping up in other countries looking to cash in on the Chinese government's blunder.

I can't remember exactly, but I believe over 90% of bitcoin's volume is from China, and I'm assuming any of the other high-volume coins are likely similar. It is going to be very painful for everyone, but especially them. I am very thankful that DNotes did not rush to get listed in China.

Question of the day (that we all know the answer to):  Why is it the Chinese government has no problem creating a global bitcoin mining monopoly, but refuses to let its citizens benefit from cryptocurrency?


Exactly Chase. A major challenge in emergent industries is acquiescing to / subverting the existing power structures. In this instance, the Chinese government prioritises restricting the ability of their citizens from being able to send money internationally -- i'm sure there is some rationale behind the risk of them doing so.

People who continue to hold Bitcoin in China will be forced to panic sell, trade with locals who accept it, send it overseas for sale, or use the next phase of Chinese Bitcoin adoption - decentralized exchanges. Innovation and creativity are often driven by regulations such as this, in the same way that Bitcoin was born of the need for an alternative to the modern financial environment. Governments worldwide will be paying close attention to what consumers do in reaction to the government actions - though I believe it should be rather predictable.

1. Consumers move to decentralized exchanges and increases in the use of monero and other crypto that utilize zk-snarks.

2. China will move to create a successful 'in-house' version of blockchain and exchange, in their usual bid to be the best in the world at everything. This could even be NEO, though I suspect there will be a new creation that citizens will have as an only option. In place of using Amazon, Facebook, Twitter, Skype and Google, China created their own versions in: Alibaba, renren, Wiebo, Wechat, and Baidu. The Chinese may well build infrastructure quickly to become what they view as a 'leader' in blockchain space, albeit with limited consumer options.

3. China will want to continue to their crypto mining monopoly because it's an easy transfer of wealth from the west to the east. They will need government approved exchanges or routes to facilitate these transfers. In the same way that when you buy $10 goods at Walmart, the Chinese are making it for $2. The Chinese will encourage, or even subsidise crypto mining in the same model to this end. The punishment for using alternative payment routes to those that are government approved will be severe.

These are a few places to start - The rest of the story is likely to be what the west will do in response to these Chinese actions. For example, western run cryptocurrencies will re-evaluate POW mining as a result of the network (and large amounts of investor wealth) being almost entirely controlled by foreign governments and miners.

Good points, I agree that's the path China could be headed toward. Although it's obvious why the Chinese government would want to retain full control of their currency, I believe the actions China is taking right now might as well be a voluntary embargo from the next generation digital economy. Since they are a country that exports roughly double what is imported, and their largest industry is manufacturing, wouldn't they stand to gain immensly by allowing foreign capital to move freely into their borders in payment for Chinese goods? If they played cryptocurrency right, I think China could become a trade driven economy while reducing their reliance on export volume in a decade.

There is also a good chance that China is just being manipulated in the games of people who want to gain more control of Bitcoin.
legendary
Activity: 1610
Merit: 1060

This is a sad day for our industry. There will be significant "weeding out" with many suffering significant losses. This is a major correction and will take time to digest.

It is most prudent to take a step back and let the dusk settle. No one can stop the industry from moving forward. My greatest fear is that it could lead to over-regulation that will stiflel innovations.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
Coindesk:
Sep 15, 2017 at 11:28 UTC by Tian Chuan & Rachel-Rose O'Leary
https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/



I think this is a perfect example of how NOT to protect your citizens. Instead of implementing reasonable regulations for the exchanges so the customer is protected, they are forcing these people to use one of the hundreds of shady exchanges that will be popping up in other countries looking to cash in on the Chinese government's blunder.

I can't remember exactly, but I believe over 90% of bitcoin's volume is from China, and I'm assuming any of the other high-volume coins are likely similar. It is going to be very painful for everyone, but especially them. I am very thankful that DNotes did not rush to get listed in China.

Question of the day (that we all know the answer to):  Why is it the Chinese government has no problem creating a global bitcoin mining monopoly, but refuses to let its citizens benefit from cryptocurrency?


Exactly Chase. A major challenge in emergent industries is acquiescing to / subverting the existing power structures. In this instance, the Chinese government prioritises restricting the ability of their citizens from being able to send money internationally -- i'm sure there is some rationale behind the risk of them doing so.

People who continue to hold Bitcoin in China will be forced to panic sell, trade with locals who accept it, send it overseas for sale, or use the next phase of Chinese Bitcoin adoption - decentralized exchanges. Innovation and creativity are often driven by regulations such as this, in the same way that Bitcoin was born of the need for an alternative to the modern financial environment. Governments worldwide will be paying close attention to what consumers do in reaction to the government actions - though I believe it should be rather predictable.

1. Consumers move to decentralized exchanges and increases in the use of monero and other crypto that utilize zk-snarks.

2. China will move to create a successful 'in-house' version of blockchain and exchange, in their usual bid to be the best in the world at everything. This could even be NEO, though I suspect there will be a new creation that citizens will have as an only option. In place of using Amazon, Facebook, Twitter, Skype and Google, China created their own versions in: Alibaba, renren, Wiebo, Wechat, and Baidu. The Chinese may well build infrastructure quickly to become what they view as a 'leader' in blockchain space, albeit with limited consumer options.

3. China will want to continue to their crypto mining monopoly because it's an easy transfer of wealth from the west to the east. They will need government approved exchanges or routes to facilitate these transfers. In the same way that when you buy $10 goods at Walmart, the Chinese are making it for $2. The Chinese will encourage, or even subsidise crypto mining in the same model to this end. The punishment for using alternative payment routes to those that are government approved will be severe.

These are a few places to start - The rest of the story is likely to be what the west will do in response to these Chinese actions. For example, western run cryptocurrencies will re-evaluate POW mining as a result of the network (and large amounts of investor wealth) being almost entirely controlled by foreign governments and miners.

Great points, TeeGee. I will be on the road shortly and not able to give you a good response but just add that Bitcoin and digital currencies are getting too big for any country to ignore.
legendary
Activity: 1610
Merit: 1060
I will not be surprised if the Chinese government  or its monetary authority creates a centralized  national cryptocurrency given the fact that China is a global crypto currency mining power.

Thaks, SCeeYong. That will likely be the case. They can do anything by their own rules or newly made up rules. That is their unfair advantage over us. USA must lead quickly to create sensible regulations that are not burdensome for our industry.

There must be consumer protection. Too many people are getting hurt - scammed, exploited, and misled. It has to change for mass acceptance of digital currency to take place.
hero member
Activity: 846
Merit: 535

This is a sad day for our industry. There will be significant "weeding out" with many suffering significant losses. This is a major correction and will take time to digest.

It is most prudent to take a step back and let the dusk settle. No one can stop the industry from moving forward. My greatest fear is that it could lead to over-regulation that will stiflel innovations.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline
Coindesk:
Sep 15, 2017 at 11:28 UTC by Tian Chuan & Rachel-Rose O'Leary
https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/



I think this is a perfect example of how NOT to protect your citizens. Instead of implementing reasonable regulations for the exchanges so the customer is protected, they are forcing these people to use one of the hundreds of shady exchanges that will be popping up in other countries looking to cash in on the Chinese government's blunder.

I can't remember exactly, but I believe over 90% of bitcoin's volume is from China, and I'm assuming any of the other high-volume coins are likely similar. It is going to be very painful for everyone, but especially them. I am very thankful that DNotes did not rush to get listed in China.

Question of the day (that we all know the answer to):  Why is it the Chinese government has no problem creating a global bitcoin mining monopoly, but refuses to let its citizens benefit from cryptocurrency?


Exactly Chase. A major challenge in emergent industries is acquiescing to / subverting the existing power structures. In this instance, the Chinese government prioritises restricting the ability of their citizens from being able to send money internationally -- i'm sure there is some rationale behind the risk of them doing so.

People who continue to hold Bitcoin in China will be forced to panic sell, trade with locals who accept it, send it overseas for sale, or use the next phase of Chinese Bitcoin adoption - decentralized exchanges. Innovation and creativity are often driven by regulations such as this, in the same way that Bitcoin was born of the need for an alternative to the modern financial environment. Governments worldwide will be paying close attention to what consumers do in reaction to the government actions - though I believe it should be rather predictable.

1. Consumers move to decentralized exchanges and increases in the use of monero and other crypto that utilize zk-snarks.

2. China will move to create a successful 'in-house' version of blockchain and exchange, in their usual bid to be the best in the world at everything. This could even be NEO, though I suspect there will be a new creation that citizens will have as an only option. In place of using Amazon, Facebook, Twitter, Skype and Google, China created their own versions in: Alibaba, renren, Wiebo, Wechat, and Baidu. The Chinese may well build infrastructure quickly to become what they view as a 'leader' in blockchain space, albeit with limited consumer options.

3. China will want to continue to their crypto mining monopoly because it's an easy transfer of wealth from the west to the east. They will need government approved exchanges or routes to facilitate these transfers. In the same way that when you buy $10 goods at Walmart, the Chinese are making it for $2. The Chinese will encourage, or even subsidise crypto mining in the same model to this end. The punishment for using alternative payment routes to those that are government approved will be severe.

These are a few places to start - The rest of the story is likely to be what the west will do in response to these Chinese actions. For example, western run cryptocurrencies will re-evaluate POW mining as a result of the network (and large amounts of investor wealth) being almost entirely controlled by foreign governments and miners.
newbie
Activity: 21
Merit: 0
I will not be surprised if the Chinese government  or its monetary authority creates a centralized  national cryptocurrency given the fact that China is a global crypto currency mining power.
full member
Activity: 1078
Merit: 102
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