Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 302. (Read 148848 times)

Tim, we will comeback with more accurate numbers. Your message is loud and clear. There will come a time when it is not possible to guarantee all deposits at the DNotesVault with one-to-one matching fund. Long-term we plan to have insurance coverage. During the coin swap period we will post the maximum number of DNotes pledged for the guarantee fund.

Another busy day for me. I'll checking back tomorrow.

DNotes 2.0 is a significant Technology upgrade and it is a 1 for one exchange for current DNotes. It is also a switch from current Proof of Work (POW) to Proof of Stake (POS). With POS there will be no more mining reward; likely to cause a drop in the new supply of DNotes available for trading. It is a common practice for miners to cash in their new DNotes to support their mining operations.

What this means, among others, is that DNotes long-term stakeholder will benefit at various levels:

a)   CRISP reward – pay account balance every 30 days at about 2% per annual.
b)   Staking Reward – Staking reward of 2% (annual rate) for participating stakeholders. Almost any stakeholder can participate with ease.
c)   Annual CRISP reward being considered – to be announced later.

We are very passionate about encouraging and promoting long-term savings. Start saving as early as you can and do it on a regular basis.
Digital currency is a new and innovative technology that is still evolving. As much as it has great potential, at this experimental stage, there is also significant risk. Do not invest more than you can afford to lose, in the event of a total loss.

Regarding DNotes Vault and the Transition to DNotes2.0

At the moment, DNotes Vault contains 18.34% of the current circulating supply of DNotes, based on figures from CoinMarketCap.com. I'm not certain what is excluded by the term 'circulating'. But I think the matching funds held in cold storage would still be considered 'circulating' for their figures. There is just over 100% being held by DNotes Global Inc as security for our DNotes deposits.

This should mean that 36.68% of DNotes are already in the DNotes Vault system, leaving 63.32% of all DNotes waiting to be moved through DNotes Vault in exchange for DNotes2.0 coins.

Because I believe that each value of DNotes will be matched and replaced by DNotes2.0, I'm assuming that the DNotes in cold storage being used to guarantee funds will have matching DNotes2.0 values guaranteeing the new DNotes2.0 funds when they are converted in DNotes Vault.

What I'm curious about is how DNotes Global Inc intends to manage the large influx from the 63.32% of 'wild' DNotes that will require processing. Will they also be matched with cold stored DNotes2.0 during the upgrade process?

What DNotes 2.0 means for present holders?

Got it, thank you!

You are correct, Chase. It is an amazing opportunity for DNotes to shine. I will do all that I can to represent our industry well because I truly believe that we are witnessing the greatest technology revolution since the Internet. It's an honor for me to share my vision in the presence of an amazing and accomplished audience. The timing for DNotes is perfect.

The best guidance I can give at this time is the week of September 25, 2017. Once the date is fixed, we will announce it here. I am very anxious and excited. DNotes 2.0 is truly designed for everyone irrespective of technical knowledge or financial standing. It is for the corporate world and all consumers. That has always been our vision and it will continue to be reflected in everything we do.

Alan,

Do you have a projected release date?

Wow! That is an impressive list of speakers. I did notice that there is not a lot of speakers representing the cryptocurrency/blockchain industry, and no one from a specific currency besides yourself. What an incredible opportunity for DNotes to shine! 

Blockchain offers a level of privacy, but not complete anonymity. As far as I understand, they have developed programs to tie addresses together of the same wallet. Each wallet can generate a virtually unlimited amount of addresses, which you can receive cryptocurrency at each address. Those addresses are part of your wallet, and tied to your private key. However, to simplify things, you don't necessarily send transactions from each individual address, you send it from your wallet. The "change" as you mentioned is automatically sent back to your wallet.

All this is fairly private, however when you send to say an exchange, or any third party that has additional information about you, that wallet and all your addresses could be tracked back to you eventually. Providing they have access to the information on the third party.

Then there is the IP issue, if they can track who is updating the wallet, or on the network with that wallet and trace that back to you.

Our focus in relation to privacy is that the user should have privacy. In such a way that a company or individual would be unable to track your information or buying habits without your consent. It is very private today, and transactions and information is as secure as you allow it to be and the third party services or merchants that you utilize. But like I mentioned earlier, it's not necessarily anonymous. You can be more private through how you use the wallets, using multiple receiving addresses, using multiple wallets, etc...

Canada has come out with the most comprehensive ICO guideline to date. I only read it briefly, but it looks as though unless your ICO coin is used in game-play or something similar, it will likely be classified as a security. Here are a few points from the paper:


Canadian Security Administrators - Cryptocurrency Offerings - http://www.osc.gov.on.ca/documents/en/Securities-Category4/csa_20170824_cryptocurrency-offerings.pdf

"Securities laws in Canada will apply if the person or company selling the securities is conducting business from within Canada or if there are Canadian investors.

If an exchange is doing business in a jurisdiction of Canada, it must apply to that jurisdiction’s securities regulatory authority for recognition or an exemption from recognition.

Allowing coins/tokens that are securities issued as part of an ICO/ITO to trade on these cryptocurrency exchanges may also place the business issuing the coins/tokens offside securities laws. For example, the resale of coins/tokens that are securities will be subject to restrictions on secondary trading.

In many ways, an ICO/ITO can be very similar to an initial public offering (IPO). The coins/tokens can be similar to traditional shares of a company because their value may increase or decrease depending on how successfully the business executes its business plan using the capital raised.

Staff is aware of businesses marketing their coins/tokens as software products, taking the position that the coins/tokens are not subject to securities laws. However, in many cases, when the totality of the offering or arrangement is considered, the coins/tokens should properly be considered securities. In assessing whether or not securities laws apply, we will consider substance over form.

Every ICO/ITO is unique and must be assessed on its own characteristics. For example, if an individual purchases coins/tokens that allow him/her to play video games on a platform, it is possible that securities may not be involved. However, if an individual purchases coins/tokens whose value is tied to the future profits or success of a business, these will likely be considered
securities."

I know you have, RJF. This is a generational opportunity, especially for those who struggle to make ends meet, with little left for savings that could make a difference. It is my personal wish, and I trust that it is also  that of our team members, so even a little savings in DNotes on a regular basis could amount to something of significance over the long-term. 

Ha, Ha! You need to hurry. There aren't that many more days left to mine DNotes. DNotes 2.0 is a switch from POW to POS.

Gee.. I've been preaching this since 2013...    Oh well, back to mining DNotes!

I am happy to share this email from World Funding Summit where I will be speaking in November:

http://worldfundingsummit.com/ 

Dear Friends and Colleagues,
 
The most forward-looking leaders from the entire financing community are descending on Los Angeles Nov 17 and 18 for the latest and greatest edition of our annual event, the World Funding Summit. We are building a unique knowledge-driven platform that stands at the forefront of financial innovation and our ultimate goal - to eliminate inequality in access to capital.   

Come on board, build your capital network and learn about the future of venture financing from those who are shaping it!
 
Main tracks to be featured this year:
1)    ICO/Cryptocurrency/ Blockchain
2)    Equity Crowdfunding/Alt Venture Exchanges/Future of VC
3)    Capital for underserved markets and communities
 
Scheduled speakers include top financiers and some of the most powerful investors:
Mark Suster, Venture Capitalist, Managing Partner at Upfront Ventures
Nisa Amoils, Venture Capitalist at Scout Ventures & Angel Investor
Kirsten Green, Venture Capitalist, Founder & Managing Director at Forerunner Ventures
Arthur Lipper, World renowned financier, author, FinTech inventor, and philanthropist
Rupert Scofield, President and CEO of FINCA International
Howard Marks, Co-founder & CEO at StartEngine Crowdfunding/Capital
Vivian Shimoyama, Regional Director, SoCal, Goldman Sachs 10,000 Small Businesses Program 
Alan Yong, Co-Founder of DNotes, a Bitcoin alternative digital currency
Andrew Kyzyk, Vice President & Head of Advisor Relations at OTC Markets Group
Atish Davda, CEO at EquityZen.com
Valentin Preobrazhenskiy, Founder & CEO of LAToken
Eric Bunting, Early-stage investor, Founder & Managing Partner at Overbrook Capital
Mona DeFrawi, Founder of InsideVenture (acquired by SecondMarket)&RADIVATE MEDIA, Inc.
Josh Maher, Angel Investor & Author of “Startup Wealth”
Marc Scott Zicree, Leading producer, writer and director
Kevin Lamb, Entrepreneur and Film Financier, CEO at Advanced Tissue
Matthew Helderman, Founder & CEO at BondIt Media Capital
Manie Eagar, Chairman at Blockchain Association of Canada (BAC)
Jor Law, Co-founder at Homeier Law PC & VerifyInvestor.com
Michael Terpin, CEO & Transform Group, top-30 blockchain influencer, lead 35 ICOs
Richard Kivel, Venture Capitalist and Private Investor, Managing Director of GrayBella Capital
Kim Kaselionis, Managing Partner at Breakaway Funding LLC
Michael G. Homeier, EB-5 & equity crowdfunding attorney, Founder at Homeier & Law, P.C.
Barry E James, Co-founder & CEO of TheCrowdfundingCenter.com and CrowdDataCenter.com
Rick Smith, Venture Capitalist, Co-founder and Managing Director at CrossCut
Enzo Villani, CEO & Board Member at Equities.com
Jouko Ahvenainen, Founder @Grow VC Group, a global fintech holding company
Robert Lewis, Founder & President at Black Cooperative Investment Fund (BCIF)
David Koepsell, PhD, CEO & Founder of Encrypgen: blockchain genomics via the Gene-Chain
Greg Bohlenm, VC, Managing General Partner at Union Grove Venture Partners
Xiaocheh Zhang, President at FinTech4Good
Ekaterina Dorozhkina, Entrepreneur & Financier, Raised $5M via ICO
Celu Ramasamy, Bitcoin Investor, Cryptocurrencies evangelist, Partner at Focus Investments
Laurent Ruben, Founder & General Manager at French Accelerator
 The Master of Ceremonies will be Sandro Monetti, a CNN and BBC contributor and television host.
 
CAPITAL EXPO “THE FUTURE IS NOW”: we are determined to showcase some of the world's hottest startups and issuers with a global outreach - please  APPLY HERE
 
 INDUSTRIES: blockchain, digital media, tech, fintech, SaaS, e-commerce, education, health, manufacturing, environment, art, films, AI, robotics, and real-estate
 
HOW TO GET INVOLVED:  we are looking for global leaders who support our mission and would like to get on board as a sponsor or media partner to get our message through– please send your message to our team HERE or contact me directly.


 If you would like to become the WFS delegate register HERE
 
 
My sincere gratitude to our Sponsors & Partners including: 
10,000 Goldman Sachs 10,000 Small Businesses program
DNotes
BreakawayFunding
Homeier Law PC     
Verifyinvestor.com
California Lutheran University
The Blaine Group
Rock.com
 
Stay tuned for exciting updates re our program!
 
Thanks and all the best,
 
Victoria Silchenko, Ph.D./[email protected]/ Ph:+1.310.464.1575
Creator: www.WorldFundingSummit.com Founder: Metropole Capital Group
Contributing Writer: Huffington Post / Guest Writer: CrowdfundInsider
Adjunct Professor, Entrepreneurial Finance, MBA: CALutheran University
Connect: LinkedIn /  Facebook /  Twitter
 
 
 

Thanks, TeeGee. That is correct and there are many things to be excited about the future of DNotes. It is easy to just publish a "White Paper" with a lot of claims that may never be executed. In the case of DNotes, for 3 1/2 we  have been launching real projects that we believe are essential for the success of our industry and DNotes. With the launch of DNotes 2.0 we will be expanding and integrating upon what we have built. Correct me if I am wrong; we will be the most integrated system, from top to bottom, in our industry.

Why is that important? Because we are committed to our vision of DNotes being the trusted global digital currency for everyone worldwide to participate.

Before that can happen multiple missions must be accomplished and it will take many years to:

1. Build a trusted brand
2. Ease of participation for everyone
3. Continued education
4. Significant female participation
5. Leading edge technology
6. Integrated financial services
7. Meet the full functions of money.
8. Gain mass global acceptance in global commerce.
9. And much more ........

Thank you for the question. We have been working on DNotes 2.0 since the beginning of this year and the wallet is just one of the component parts of the whole system. The wallet is now getting the final touches, fine tuning, and testing. DNotes 2.0 with the new wallet is scheduled to be launched at the end of next month.

This is just the beginning of DNotes' commitment to be an innovative technology leader. Together with other projects shown on our road-map HERE: https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858   DNotes will be ramping up with fairly large teams in the coming years. We are very committed to the long-term success of DNotes.

I am amazed that so many addresses have been linked to an identity, though they imply that with 'information'. When a bitcoin wallet makes a transaction, it defaults to emptying the source address and depositing any remainder after transaction and fees into a new address. It might seem reasonable to assume that that new address is held by the original wallet owner, but does that have to be the case?

If I wanted to pay TeeGee 4BTC and he was willing to wear the fees. I could pay myself 6BTC from my address that held 10BTC and make the remainder go to an address held by TeeGee. Couldn't I?

I understand wallets as a folder that these addresses are stored in, and I don't think the wallet leaves any prints on the addresses. So it seems to me that there is no way to know from a transaction, which wallets the addresses involved sit in. Maybe this is technically possible, but done so rarely that it is possible for the IRS to link transactions from the initial identified fiat exchange, right through to a final exit back into fiat currency again. But having information on 25% of all addresses seems rather high.

And then there are all the other currencies. I could convert 10BTC to NOTE, pay the NOTE to TeeGee, and then he could convert that back to BTC. I understand that all blockchains keep a permanent record, and it would be conceivable to run software that interconnects those transactions, but processing all of that information wouldn't be cheap. Good luck to the IRS. Though, I'm sure in the future at some point, my phone will be able to do all that in the background while I play Tetris4D.

Japan’s FSA: 50 Bitcoin Exchange Registration Applications Received

https://dcebrief.com/japans-fsa-50-bitcoin-exchange-registration-applications-received/

When is the new version wallet expected to exit?

The day draws ever nearer.

I think upon the launch of 2.0, we will have in place for the first time an integration across the various properties that we have created, beginning with the integration of DNotesVault into the block reward itself to promote savings and ensure security of member funds. I'm looking very forward to the further integrations, and what DNotesVault may evolve into -- say an exchange that can be accessed through the wallet, or even one day having bank support from an internally owned bank for frictionless transfer of money from a fiat bank account into cryptocurrency (and the other way). DNotes properties could facilitate the process from A to Z and then back to A. As our properties become more and more integrated with one another, the value and strength of the system we have built will become more and more obvious.

It's all very exciting