Author

Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 293. (Read 148866 times)

legendary
Activity: 1610
Merit: 1060
The new DNotesVault design looks great. Excellent job, Tim. Thank you, and everyone for contributing. I am busy today with visitors from out of state.
hero member
Activity: 846
Merit: 535
Thanks again Tim, I have made the suggested changes below.



hero member
Activity: 846
Merit: 535
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.

 

That wasn't much fun. Normally I find lots more mistakes when getting picky about writing and grammar. Anyway, you left me a little bit to comment on so here it is:

Our Cryptocurrency Saving Plan (CRISP) rewards savers with interest directly from the DNotes blockchains's reward structure on all deposits held at DNotes Vault for 30 Days or more.

This sentence is two long and has multiple concepts. Maybe consider:

Our Cryptocurrency Saving Plan (CRISP) rewards savers with interest on all deposits held at DNotes Vault for 30 Days or more. The interest is generated through the DNotes blockchain reward structure.

I also favour "held in DNotes Vault".


I would change, "DNotes Vault is a property of"

to:

"DNotes Vault is the property of"

just to make it clear that it is a possession and not a quality.

All in all, great work and I think that clarity is certainly the way to go. Many customers won't have English as a first language, but good enough to not need to translate or obtain a localised version. So your simple language is demonstrating DNotes' claim that it is for everyone. Well done.



Thank you for the suggestions Tim. I actually wanted to send it through to a professional writer again for a final check after my last round of editing, but you've done it for me Smiley. I support making the changes you mention.

I opted to use 'a' property in place of 'the' property, to imply that there are many other properties that are a part of the ecosystem. Could have said "one of the properties of". No big deal.
full member
Activity: 187
Merit: 100
Professional cryptocurrency writer incl DNotes.
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.



]
That wasn't much fun. Normally I find lots more mistakes when getting picky about writing and grammar. Anyway, you left me a little bit to comment on so here it is:

Our Cryptocurrency Saving Plan (CRISP) rewards savers with interest directly from the DNotes blockchains's reward structure on all deposits held at DNotes Vault for 30 Days or more.

This sentence is two long and has multiple concepts. Maybe consider:

Our Cryptocurrency Saving Plan (CRISP) rewards savers with interest on all deposits held at DNotes Vault for 30 Days or more. The interest is generated through the DNotes blockchain reward structure.

I also favour "held in DNotes Vault".


I would change, "DNotes Vault is a property of"

to:

"DNotes Vault is the property of"

just to make it clear that it is a possession and not a quality.

All in all, great work and I think that clarity is certainly the way to go. Many customers won't have English as a first language, but good enough to not need to translate or obtain a localised version. So your simple language is demonstrating DNotes' claim that it is for everyone. Well done.

legendary
Activity: 1932
Merit: 1111
DNotes

Oh sorry, we have just upgraded that site a couple months ago as well as our logo. So we should be good there for a while.

http://dnotescoin.com/


Ok. I think you should do at least a couple of tweaks on the main-page as well. Some things are good, and some things not. I´ll list a few things I think you should change (I´ll make references to the new Vault-page):

Page 1:
- Top line. I like the black on Vault-page better. Also add icons for all of your social meeting points.
- Second line. "Home - Introduction - Download - Blog - Contact Us" should be in black and capital letters, as on Vault-page.
- Main window. The shadow effect on the text was popular a couple of years ago. I would take it away and make it cleaner/more modern.

Page 2 (Welcome to DNotes):
- This page is not good imo. Looks messy. Needs better arranging.
- If you´re putting a video on the page like you´ve done now, I would instead use a clear high-res picture to click on to open a new window with the video, preferably in full-screen mode. Looks much better.

Page 3 (Developing the future..):
- Good.

Page 4 (What are DNotes):
- Good.

Page 5 (The latest updates):
- Looks a bit messy and unorganized.
- Too large text under the videos.
- The pictures are too low-res. I would suggest the same here as I did on page 2.

Page 6 (As seen on):
- The background is a bit annoying.
- Logos in grey would be better.

Page 7 (News):
- Good setup, but again not good with the low-res pictures.

Page 8 (Posts):
- Same as page 7.

Page 9 (Behind the scene):
- "The team that makes this machine go" Could be changed Smiley
- New pictures needed! Same background color. If it´s not possible to do new pictures, I would convert the current into black and white.

Page 10 (Download):
- It says:
DOWNLOA
D

Page 11 (Contact):
- Good.

Page 12:
- Move "Copyright..." to the bottom row. Take away twitter and facebook icons.


I haven´t covered all the different font-sizes and fonts being used, but this makes the page look a bit untidy. Since you have a designer working for you I would suggest he/she also do a makeover on the main-page. Just my 2c.

Good luck.













Thanks kryptomani! Appreciate the detailed review, that is a great help. I will go over these later in the week or this weekend.
newbie
Activity: 5
Merit: 0

Oh sorry, we have just upgraded that site a couple months ago as well as our logo. So we should be good there for a while.

http://dnotescoin.com/


Ok. I think you should do at least a couple of tweaks on the main-page as well. Some things are good, and some things not. I´ll list a few things I think you should change (I´ll make references to the new Vault-page):

Page 1:
- Top line. I like the black on Vault-page better. Also add icons for all of your social meeting points.
- Second line. "Home - Introduction - Download - Blog - Contact Us" should be in black and capital letters, as on Vault-page.
- Main window. The shadow effect on the text was popular a couple of years ago. I would take it away and make it cleaner/more modern.

Page 2 (Welcome to DNotes):
- This page is not good imo. Looks messy. Needs better arranging.
- If you´re putting a video on the page like you´ve done now, I would instead use a clear high-res picture to click on to open a new window with the video, preferably in full-screen mode. Looks much better.

Page 3 (Developing the future..):
- Good.

Page 4 (What are DNotes):
- Good.

Page 5 (The latest updates):
- Looks a bit messy and unorganized.
- Too large text under the videos.
- The pictures are too low-res. I would suggest the same here as I did on page 2.

Page 6 (As seen on):
- The background is a bit annoying.
- Logos in grey would be better.

Page 7 (News):
- Good setup, but again not good with the low-res pictures.

Page 8 (Posts):
- Same as page 7.

Page 9 (Behind the scene):
- "The team that makes this machine go" Could be changed Smiley
- New pictures needed! Same background color. If it´s not possible to do new pictures, I would convert the current into black and white.

Page 10 (Download):
- It says:
DOWNLOA
D

Page 11 (Contact):
- Good.

Page 12:
- Move "Copyright..." to the bottom row. Take away twitter and facebook icons.


I haven´t covered all the different font-sizes and fonts being used, but this makes the page look a bit untidy. Since you have a designer working for you I would suggest he/she also do a makeover on the main-page. Just my 2c.

Good luck.











legendary
Activity: 1932
Merit: 1111
DNotes
The vault will be getting a full new design and an upgrade at the time of release for DNotes 2.0.

I mean, will there be a redesign also on www.dnotescoin?

Oh sorry, we have just upgraded that site a couple months ago as well as our logo. So we should be good there for a while.

http://dnotescoin.com/

newbie
Activity: 5
Merit: 0
The vault will be getting a full new design and an upgrade at the time of release for DNotes 2.0.

I mean, will there be a redesign also on www.dnotescoin?
legendary
Activity: 1932
Merit: 1111
DNotes
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.


]




I really like the Vault-page. Clean and to the point.

Will there be a new main-page as well?

The vault will be getting a full new design and an upgrade at the time of release for DNotes 2.0.
legendary
Activity: 1932
Merit: 1111
DNotes

Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.




Thanks Tim! Here is the link so you can zoom and see the details:

https://dcebrief.com/wp-content/uploads/2017/09/Dnotes-1-Page-Layout-V5.jpg



Great job Tim, the site looks fantastic!

DNotes Vault is the perfect place for DNotes holders to earn up to 8% a year (after the launch of DNotes 2.0).

Quote from Dyna: "There are three different rewards amounting to about 8% per year: a) 2% for account balance paid every 30 days, b) 4% for account balance paid every 365 days, and 2% staking reward for participating stakeholders. Once fully implemented, DNotes will be very attractive for long-term savers and ideal for what CRISPs are meant to accomplish. We intent to heavily promote long-term savings for retirement, education, and other needs."
Hi everyone! Awesome work! Cant wait to see dnotes 2.0 released.. i thought i may jump in here and say when dyna says, "a) 2% for account balance paid every 30 days" to clarify i believe he means to say up to 2 percent acrued average a year but is compounded on a monthly basis. It sounds like its 2 percent a month so i just wanted to clairfy for new people jumping in. Delete this if im wrong/misunderstanding. Thanks guys keep up the excellent work!

Edit: i guess if ur adding up to 8 percent a year it makes since. Just trying to avoid confusion


Yep, that is correct. It's a recent change, as well as a change in the way it will be paid and structured.

Staking target is 2% per year. On an individual basis, depending on how many people are staking, that could be higher or lower.

For coins that have been in a wallet for 30 days you will receive .166% as part of the CRISP program, delivered directly from the blockchain. After compounding is factored in, it will be slightly over 2% yearly.

For coins that have been in a wallet for 365 days you will receive 4% as part of the CRISP program, delivered directly from the blockchain.

So your total percent per year can be around 8%.

We have done a lot of research and had much discussion around how much CRISP should be and how it should be distributed. Ultimately deciding on the higher number. The key factor in that decision is how coins are distributed. In PoW one group gets all of the blockchain distribution, everyone else who holds the coin experiences an increase in supply while their own supply remains the same, this puts them constantly at risk of potential decrease in the value of their coins. With this CRISP based distribution, everyone experiences an increase in supply, but their stake goes up proportionally to the total supply. Giving that the people who are receiving the coins are likely to be trying to accumulate coins, it is much less likely to be at risk of decreasing value, while acquiring more coins in the process.

If you don't participate in staking however, you are at risk of not making the full potential value, or the 2% for staking.
legendary
Activity: 1610
Merit: 1060

Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.




Thanks Tim! Here is the link so you can zoom and see the details:

https://dcebrief.com/wp-content/uploads/2017/09/Dnotes-1-Page-Layout-V5.jpg



Great job Tim, the site looks fantastic!

DNotes Vault is the perfect place for DNotes holders to earn up to 8% a year (after the launch of DNotes 2.0).

Quote from Dyna: "There are three different rewards amounting to about 8% per year: a) 2% for account balance paid every 30 days, b) 4% for account balance paid every 365 days, and 2% staking reward for participating stakeholders. Once fully implemented, DNotes will be very attractive for long-term savers and ideal for what CRISPs are meant to accomplish. We intent to heavily promote long-term savings for retirement, education, and other needs."
Hi everyone! Awesome work! Cant wait to see dnotes 2.0 released.. i thought i may jump in here and say when dyna says, "a) 2% for account balance paid every 30 days" to clarify i believe he means to say up to 2 percent acrued average a year but is compounded on a monthly basis. It sounds like its 2 percent a month so i just wanted to clairfy for new people jumping in. Delete this if im wrong/misunderstanding. Thanks guys keep up the excellent work!

Edit: i guess if ur adding up to 8 percent a year it makes since. Just trying to avoid confusion


Thanks, mrbum805. It is always good to clarify to avoid confusion. You are correct that 2% per annual is paid every 30 days. It is also about 2% per annual for the staking reward. The combined annualized total is around 8%. The compound interest will add up nicely over the years for long-term savers making DNotes uniquely attractive to serious investors.  
sr. member
Activity: 1078
Merit: 310
AKA RJF - Member since '13
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.


]




I really like the Vault-page. Clean and to the point.

Will there be a new main-page as well?


I'll second that, excellent design work, very professional, to the point and grabs your attention. In a word: Nice!

newbie
Activity: 5
Merit: 0
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.


]




I really like the Vault-page. Clean and to the point.

Will there be a new main-page as well?
member
Activity: 92
Merit: 12

Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.




Thanks Tim! Here is the link so you can zoom and see the details:

https://dcebrief.com/wp-content/uploads/2017/09/Dnotes-1-Page-Layout-V5.jpg



Great job Tim, the site looks fantastic!

DNotes Vault is the perfect place for DNotes holders to earn up to 8% a year (after the launch of DNotes 2.0).

Quote from Dyna: "There are three different rewards amounting to about 8% per year: a) 2% for account balance paid every 30 days, b) 4% for account balance paid every 365 days, and 2% staking reward for participating stakeholders. Once fully implemented, DNotes will be very attractive for long-term savers and ideal for what CRISPs are meant to accomplish. We intent to heavily promote long-term savings for retirement, education, and other needs."
Hi everyone! Awesome work! Cant wait to see dnotes 2.0 released.. i thought i may jump in here and say when dyna says, "a) 2% for account balance paid every 30 days" to clarify i believe he means to say up to 2 percent acrued average a year but is compounded on a monthly basis. It sounds like its 2 percent a month so i just wanted to clairfy for new people jumping in. Delete this if im wrong/misunderstanding. Thanks guys keep up the excellent work!

Edit: i guess if ur adding up to 8 percent a year it makes since. Just trying to avoid confusion
legendary
Activity: 1932
Merit: 1111
DNotes
New additions to the Four Pillars membership site

The videos will be available to watch via the links below for a short period of time, after that they will only be accessible from the membership site.

Chapter 2: The Four
Principal Components


Where Do Great
Business Ideas
Come From?



Putting Customers
First: It’s a
Conscious Choice



How Do You
Define Your
Business Values?



Employee Loyalty,
and Your
Business Success



legendary
Activity: 1638
Merit: 1005

Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.




Thanks Tim! Here is the link so you can zoom and see the details:

https://dcebrief.com/wp-content/uploads/2017/09/Dnotes-1-Page-Layout-V5.jpg



Great job Tim, the site looks fantastic!

DNotes Vault is the perfect place for DNotes holders to earn up to 8% a year (after the launch of DNotes 2.0).

Quote from Dyna: "There are three different rewards amounting to about 8% per year: a) 2% for account balance paid every 30 days, b) 4% for account balance paid every 365 days, and 2% staking reward for participating stakeholders. Once fully implemented, DNotes will be very attractive for long-term savers and ideal for what CRISPs are meant to accomplish. We intent to heavily promote long-term savings for retirement, education, and other needs."
legendary
Activity: 1610
Merit: 1060
Russia Reportedly Making Plans to Subsidize Domestic Crypto Mining

https://dcebrief.com/russia-reportedly-making-plans-to-subsidize-domestic-crypto-mining/

God I wish I could trust Russia but, I can't. Any plans from Russia regarding crypto will benefit the government and not the people I'm afraid but, that could all backfire if the population moves quickly enough to adopt the technology.

I would be very interested in hearing peoples considered opinions on what is really going on there.


We've had reports in recent months suggesting that Putin associates have been ramping up their involvement in cryptocurrency. Given the country's systemic cronyism, I suspect that any embrace of digital currency is designed to enrich Vlad's friends.

At the same time, though, Putin does seem to have his country's best interests at heart. So, that probably factors into the equation too..


Interestingly, regardless of the intentions behind the subsidy, this may also work out in the global interests should different governments begin to compete to attract the wider cryptomarkets to their jurisdictions. It could also be tremendously good for the Russian people, who by comparison to US standards earn very little.

Agreed. The intentions matter less than the outcome in this instance. Even if we assume the worst motivations, the thing we need to be looking for is if/how these actions ultimately benefit the people. If it can provide new opportunities for the citizens of Russia, then it is probably a worthwhile endeavor - even if some of Vlad's friends end up enriching themselves at the same time.



I feel the cynicism running deep on this issue, and maybe that is warranted. But if I were being cynical, I'd be looking at the other side of this equation. More money for electricity to encourage more electricity purchases would have me asking who is supplying the electricity, and how will they benefit? Now if Vlad has friends at the top of many industries, I'm sure electricity would be one of them.

As for the social impact, some of that depends on the arrangement. If it is only the big mining farms, it may be limited. But if instead, they hand out an electricity rebate that subsidised the value of every coin mined, that would be really easy to manage and broadly effective. All you would have to do is submit to the agency the address that minted coins will pay into. The agency could then automatically detect a newly mined block paying into that address, and payout the electricity subsidy as bitcoin into the same address. Fully audit-able. fully automated. And once you've verified that the address is genuinely mining in Russia, very hard to cheat. And it wouldn't encourage inefficient usage of electricity, because you're paid for being effective rather than for participating. Seems like a good idea. So my guess is the agency (IRI-RABIK) will pay subsidies only to large and conveniently affiliated mining farms if they use electricity from a 'friendly' electricity supplier. Keep that cynicism burning.

And where is our cynicism for Switzerland? The Swiss franc is still considered the safe harbour of currencies during war or economic turmoil. I would have thought of them as the last country encouraging a shift away from fiat currency. But instead, the municipality of Chiasso is positioning itself to be the silicon valley of cryptocurrency.

Swiss Municipality to Accept Bitcoin for Tax Payments
https://dcebrief.com/swiss-municipality-to-accept-bitcoin-for-tax-payments/


Both of these countries taking cryptocurrency so seriously, China moving to minimise risk in cryptocurrency, USA tightening up on ICO as securities, and so much more in the pipeline... I'm putting my cards on the table to state that while 2017 was a huge year for cryptocurrency, 2018 will see much more disruption in the industry. And all of this makes me really glad that Alan is speaking at the VC conference at a time when DNotes2.0 is making a strong move.

Thank you, Tim and everyone else for sharing your opinion on various subjects relating to our industry.

We live in a fast-changing and complicated world. Our values, self-interest, and as such, opinion and motivation can be quite different on many issues. Personally, I have never seen so many challenges confronting so many areas and levels in a single industry. What we are seeing is the impact of a technology that is so immensely disruptive – it is historic and will have many world-changing implications.

On balance, 2017 has been a great year for our industry. The death of Bitcoin and digital currency as proclaimed so many times by the media and bankers, in the early years, has been proven to be wrong.

This is real and will not go away. Digital currency is the future of money. It is money and capable of being superior to fiat currency. However, it must first meet the full functions of money - as a unit of account, a store of value, and a medium of exchange. It is an enormous task that will take years to accomplish, even with the best of strategic plans well executed.

That is an area I think a lot about – the very big picture of global scope and scale. One day there will be a preferred global digital currency and it may not be Bitcoin. We are positioning DNotes to be a contender. That is why we are taking our time and doing so many things differently.

2018 will be an even more exciting year with some thinning out and more substantive projects. There may even be a “killer apps” or two. Smart nations will try to attract more business to invest by being regulation friendly.  But for others, I fear that over-regulation is the biggest danger.
legendary
Activity: 1932
Merit: 1111
DNotes
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.







Thanks Tim! Here is the link so you can zoom and see the details:

https://dcebrief.com/wp-content/uploads/2017/09/Dnotes-1-Page-Layout-V5.jpg
hero member
Activity: 846
Merit: 535
Hey team.

Been working with a designer who is helping us with some website development to coincide with the upcoming DNotes 2.0 release. As you may already be aware, Joe updated www.dnotescoin.com a couple months ago. This time we have redesigned dnotesvault.com. To begin, we will implement the following as the new landing page, with the logged in account section to be updated in the near future once we finalize and complete testing 2.0. With this design, I aimed to keep communication simple and to the point for a 'clean' design.

Feel free to share your thoughts.



]


full member
Activity: 187
Merit: 100
Professional cryptocurrency writer incl DNotes.
Russia Reportedly Making Plans to Subsidize Domestic Crypto Mining

https://dcebrief.com/russia-reportedly-making-plans-to-subsidize-domestic-crypto-mining/

God I wish I could trust Russia but, I can't. Any plans from Russia regarding crypto will benefit the government and not the people I'm afraid but, that could all backfire if the population moves quickly enough to adopt the technology.

I would be very interested in hearing peoples considered opinions on what is really going on there.


We've had reports in recent months suggesting that Putin associates have been ramping up their involvement in cryptocurrency. Given the country's systemic cronyism, I suspect that any embrace of digital currency is designed to enrich Vlad's friends.

At the same time, though, Putin does seem to have his country's best interests at heart. So, that probably factors into the equation too..


Interestingly, regardless of the intentions behind the subsidy, this may also work out in the global interests should different governments begin to compete to attract the wider cryptomarkets to their jurisdictions. It could also be tremendously good for the Russian people, who by comparison to US standards earn very little.

Agreed. The intentions matter less than the outcome in this instance. Even if we assume the worst motivations, the thing we need to be looking for is if/how these actions ultimately benefit the people. If it can provide new opportunities for the citizens of Russia, then it is probably a worthwhile endeavor - even if some of Vlad's friends end up enriching themselves at the same time.



I feel the cynicism running deep on this issue, and maybe that is warranted. But if I were being cynical, I'd be looking at the other side of this equation. More money for electricity to encourage more electricity purchases would have me asking who is supplying the electricity, and how will they benefit? Now if Vlad has friends at the top of many industries, I'm sure electricity would be one of them.

As for the social impact, some of that depends on the arrangement. If it is only the big mining farms, it may be limited. But if instead, they hand out an electricity rebate that subsidised the value of every coin mined, that would be really easy to manage and broadly effective. All you would have to do is submit to the agency the address that minted coins will pay into. The agency could then automatically detect a newly mined block paying into that address, and payout the electricity subsidy as bitcoin into the same address. Fully audit-able. fully automated. And once you've verified that the address is genuinely mining in Russia, very hard to cheat. And it wouldn't encourage inefficient usage of electricity, because you're paid for being effective rather than for participating. Seems like a good idea. So my guess is the agency (IRI-RABIK) will pay subsidies only to large and conveniently affiliated mining farms if they use electricity from a 'friendly' electricity supplier. Keep that cynicism burning.

And where is our cynicism for Switzerland? The Swiss franc is still considered the safe harbour of currencies during war or economic turmoil. I would have thought of them as the last country encouraging a shift away from fiat currency. But instead, the municipality of Chiasso is positioning itself to be the silicon valley of cryptocurrency.

Swiss Municipality to Accept Bitcoin for Tax Payments
https://dcebrief.com/swiss-municipality-to-accept-bitcoin-for-tax-payments/


Both of these countries taking cryptocurrency so seriously, China moving to minimise risk in cryptocurrency, USA tightening up on ICO as securities, and so much more in the pipeline... I'm putting my cards on the table to state that while 2017 was a huge year for cryptocurrency, 2018 will see much more disruption in the industry. And all of this makes me really glad that Alan is speaking at the VC conference at a time when DNotes2.0 is making a strong move.
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