Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 296. (Read 148848 times)

Ok, I'll play, here's my guess: 0.08 to 0.12 by September 30 and 0.21 to 0.39 by years end...

I am curious as to what people expect of the price of DNotes as we run up to the swap to DNotes 2.0 later this month.

I anticipate that the rollout of DNotes 2.0 and all the PR that would accompany that would increase interest in DNotes and the price would go up. I actually expect a significant run-up, but I won't share my wildest speculations.

So, I would also expect that those who are already aware of DNotes would be buying before the swap in order to stock up before that run. That might also put some stress on the supply of DNotes available in Poloniex and the other exchanges, which could further move the price. Especially as they move their DNotes to the DNotes Vault to await the swap.

Just be clear here - I own some DNotes already in the Vault and I am trading in Poloniex a small amount, mostly just playing around based on my expectation of the price movements. (If I'm wrong about the price and/or I get stuck holding some DNotes at a trading loss it's not a problem, I'll just stick them in the Vault before the swap).

I understand that the DNotes insiders here might not publicly discuss price expectations, I can certainly appreciate that.

But I would be interested to hear anyone's thoughts on this.

Welcome to DNotes, smoorfie. We do not have a Whitelabel partnership program at this time. Because of the way DNotes is positioned, we do expect that many will want to partner with us as early as 2018. I am getting good indications from my rapidly growing LinkedIn connections.

If you feel strongly that you have something worthy of our consideration, please feel free to send me a personal message. We are always responsive and respectful. Thank you for your interest.

Very well said, TeeGee. We are certain that DNotes has made the right decision to switch over from POW to POS. More importantly, we like to see that all of our long-term stakeholders are well rewarded with ease of participation. 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.

The challenge today for less tech-savvy stakeholders is that participating in POS staking network is often a struggle and very frustrating. We want to change that and make it real easy. Our team has been working hard on these and other features that will make DNotes 2.0 best positioned to accommodate our road-map going forward. There is a lot to be accomplished in a short time. I am getting early indications that our team will need more time. Target date for completion in software development is often difficult to predict since there are always unknowns and trade-offs. In any case, we should have a better reading in a week and I will give you further guidance as soon as I know.  

I want to know more about White Label. Do you have any partnerships programms?

Thanks, Chase. You are quick. I just received my email with this update 24 hours earlier. It's going to be a great show. They are very appreciative of our participation. We may issue a press release next week, since this is a great opportunity for DNotes.

That's great, wish they had the capacity for it...

Coinbase Now Serves 10 Million Users

https://dcebrief.com/coinbase-now-serves-10-million-users/

The things I like the most about POS:

1. It lowers the barrier to entry for getting a share of the newly minted currency. In Proof-Of-Work systems, miners spend a lot of money in electricity and expensive computer hardware to get the newly minted currency from the block reward. This means the existing supply is inflated, which slowly devalues the existing money supply, while miners frequently immediately sell their mined coins to pay for their fixed and variable costs in hardware / electricity, which puts downward pressure on the price at the exchanges. Investors that run a Proof-Of-Stake node cannot have the value of their holding slowly inflated away as it does in Proof-Of-Work systems, because their holding as a percentage of the total coin supply can not drop, and can in fact grow, from the share earned from other users that chose not to run a POS node.

POW = investors subject to inflation and downwards price pressure from miners, POS = Less downward price pressure, investors that run nodes not subject to inflation, and instead portfolio value grows. The more people that don't run a node, the larger the share of the block reward shared with investors that do run nodes.  

2. The ease, profitability, and near-costless feature of running a Proof-Of-Stake node compared to Proof-Of-Work promotes decentralization and strengthens the security of the network.

Wow, I find it really fascinating when my conjecture turns out to already be a reality. As mining rigs and algorithms get more sophisticated, and adopted on a wider scale, I can only see this situation getting worse. This makes me think that the market will then slowly increase their preference for PoS coins, but be wary of the new comers trying to cash in on that preference. In that situation, being an old established coin that is also a PoS coin will give DNotes strong market differentiation and a unique advantage.

Yes, this old man can read it now. Thanks. And that was really quick too.

Hey MiningHabit, after the launch of DNotes 2.0 and the dust settles a bit we can more actively pursue additional exchanges to get us listed in more places.

Just released:

A snapshot of the program for day one at the World Funding Summit. Blockchain, cryptocurrency, and ICO's are hot topics on the minds of everyone involved in all aspects of finance - they are opening the summit!


TO ALL OUR FOLLOWERS - we are super excited to present you with a snapshot of our amazing program for Day One featuring some of the most powerful and forward-looking people in finance (see our SPEAKERS http://worldfundingsummit.com/speakers). Make sure you sign up on the event website and stay tuned for updates about a very special Day Two.

DAY ONE, Friday, November 17, LA Convention Center (subject to change)
9:00 – 10:00 am Liquidity wanted: call for alternative venture exchanges and blockchain enabled platforms
10:15-11:15 am ICO & Cryptocurrency Introductory Track: Here Comes the Future
11:15 - 12:30 pm Confessions of Venture Capitalists: the truth about the venture capital model and how it might be different in the new digital era
12:30- 1:00 pm Royalties as the alternative way for both investing in/ financing of ventures and projects
1:00- 1:30 pm Microfinance transforming lives: from the third world to the new world
1:30-2:30 pm Fintech connecting the world: meet your global partners
2:30 -3:30 pm Finding an angel or becoming one: angel investing redefined
3:30 - 4:30 pm Capital Wanted – War Stories and Invaluable Insights From Top Financiers and Entrepreneurs
SESSION A: IPO Interrupted: Liquidity Evolution and Future Paths to Success
SESSION B: Goldman Sachs 10,000 small businesses initiative: $500 million investment program
SESSION C: Obtaining foreign capital through investment visas/EB-5 programs
Session D: Film financing: how I found the winning formula
4:30 -5:30 pm Capital for Underserved Markets and Communities
5:30 – 6:00 pm Special Closing Presentation

DAY TWO, Saturday, November 18...

https://www.facebook.com/search/str/world%2Bfunding%2Bsummit/keywords_blended_featured_posts?

You guys are right about POS. POS or some form yet to be coded, is the future. Mining is too fickle and gives the big operators way too much control of the situation. When decisions are made strictly based on possible future profit, or a small, quick immediate profit,  the entire thing breaks down. Even on the smaller scale at which I mine, when large operators jump in and out of small pools purely for a little profit, it hurts everyone and, it takes the fun and novelty out of the equation.

And then there is the huge problem of power consumption and heat generation not to mention the resources being used to design and create the equipment. This last one is really a double edged sword. A lot of tech has come out of designing ASICs but, a lot of resources have gone into building them. And so it goes, there truly is no such thing as a "free lunch"
 

Hey team, been meaning to ask...are there efforts underway to secure a new exchange relationship? The issues with Polo the other day indicate our exchange situation is a risk factor and was wondering if there were efforts to mitigate our nose being open b/c of reliance on Polo.

Hi sl-avik, welcome to the DNotes forum! I am unable to provide date at this time, we should have a better idea next week.

hi,
I invest in Note some number btc and now need some more information about date of the swapping (or starting swap)
I read that this date near end of sept., but Nexium project close to this date, so please detail this question
also i want invest next part of my deposit if will more information
I think that Note looks like Neos before swap and will x10-x20 in near futures
so I and my group wish wise develop for all DNotes team  

You have identified some of the more intricate issues cryptocurrency is already experiencing with PoW. Many of these issues do not manifest in bitcoin (or others in the largest market caps) because the hashrate is so high and there is a finite amount of hashing power, so the fluctuations are minimal. So they are not as widely known, as the focus is on larger currencies. The introduction of things like bitcoin cash will magnify these issues and bring them to light for everyone else.

With many of the other cryptocurrencies, mostly with different algorithms and smaller market caps, where jumping around is more advantageous.... There is much more "gaming the system". We have things like multipools and mining software built specifically to hop between pools, resulting in all sorts of network related issues. Such as unpredictable block times and network support. It is quite amazing how quickly the network of miners move according to the price. There are modifications to the blockchain, some of which DNotes has incorporated, however this approach will always leave you behind the curve. Constantly making updates to combat manipulation. Constantly fighting the miners the perform an upgrade that will ultimately result in reducing their ability to game system (why would they want that?). Constantly introducing new variables and potential bugs. All on a slow to upgrade network, causing constant forks and network disruptions.

The scales are tipped highly in favor of PoS for many reasons, and we believe the future of PoS developments will continue to tip the scales even more in favor of PoS.

Thanks TimMarsh, adjusted the font sizes of the smaller items to match the sub title. Let me know if that is more easy to see.

Mining BitcoinCash for a Loss

This article on Coin Desk raised some interesting points.

https://www.coindesk.com/miners-mining-bitcoin-cash-losing-money/

The article is about how over last weekend the difficulty of mining bitcoinCash went up by 300%. And how some miners including some of the large pools stuck with it anyway. Then it goes on to analyse possible reasons.

The first thing that jumped out at me is how fickle mining might be. If you have a rig setup that is able to skip between cryptocurrencies quickly and with minimal overhead, it makes sense to respond frequently to shifts in market value and mining difficulty. If this sort of rig became the norm, then transaction times for cryptocurrencies based on PoW would swing wildly. So suddenly, I'm even more relieved to know that DNotes2.0 is shifting to PoS.

I guess that if fast response rigs became common place, tuning a consortium to succeed in a 51% attack would become much easier too.

The other thing that they only touched on was that bitcoinCash has a mechanism to quickly compensate for excessive difficulty. To quote the article: "As a result, emergency difficulty adjustments (a technical mechanism unique to bitcoin cash) were triggered, causing the difficulty to drop enough for miners to begin switching back.

For me the code behind this raises another question. If the code is a public algorithm, which I suspect it is. And if the algorithm does not contain a randomising element, which I suspect is the case. Then a consortium could game the algorithm to give them an artificial advantage. It could be done by sending the network pulses of processing power designed to trigger the difficulty drop. Then inverting the pulse to throw a lot more work at solving the easy hashes, and increase their chance of mining that block. Knowing the algorithm and current amount of work going into the network should make calculating trigger and advantage points relatively simple.

And again I'm glad to know that DNotes2.0 is moving to PoS. 

The article goes on to speculate that there might be artificial incentive to mine being created by those who want the value of BitcoinCash to rise. It proposed that this could be achieved by offering a premium purchase price for newly minted BitcoinCash which only miners would have access too. This is certainly a very feasible idea. But shouldn't it also be easy to prove?

I would have thought that some code that explores the block chain and compares the sale price of transactions made on newly minted coins to the the average sale price at that time would provide solid evidence of this. Maybe some coder will do the work soon and it too will be news.