Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 305. (Read 148848 times)

The recent decline in price is due to Poloniex. I put in a Support ticket 6 weeks ago about withdrawal issues for my Dnotes coins and I still have not heard from them. I could not withdraw my Dnotes from Poloniex so  I sold them for BTC and withdrew the BTC. The fact that I have had no response from Poloniex is very disheartening. I'm sure many other Dnotes holders have tried to withdraw Dnotes but have not been able to, so instead of waiting for days, months or maybe never they are selling at record lows just to get some value for their coins. It really sucks that one exchanges incompetence, and lack of customer support can create a chain reaction to all the other exchanges and then everyone follow suit and basically dump the coins for pennies on the dollar. Dnotes 2.0 will not increase the price until Poloniex releases the coins. Until then Dnotes will even lower in price. Let's hope Poloniex fixes this problem before they alone kill Dnotes.

You are welcome, Optimza. DNotes is significantly under-valued compared to some of our industry peers. I trust that it will change fairly quickly with the launch of DNotes 2.0 followed by a major PR campaign.

Thanks, Dnotes fall from the high has been pretty big, hopefully 2.0 will renew an upward trend.

I noticed that the sell side has increased by 1 million as the price of DNotes dropped. The added supply may be the contributing factor, since everything else is fine. We are making great progress with DNotes 2.0 development.

Any particular reason why Dnotes has been falling so badly as of today?

This is still way too early to speculate, but if true, could benefit DNotes. I like the following as quoted: “the law needs to be changed to protect digital currencies from federal government harassment to make sure that a complaint currency can be backed by value, the currency cannot be treated like a security or investment, and that transfers are protected against taxation. The bottom line is that Congress needs to remove all the obstacles to a vibrant digital currency that has voluntarily taken the initiative to keep the bad guys from using it.” (unnamed source)

If this is true, it would be good news for currencies like DNotes that have always operated with respect for the law.

"Given that the story relies entirely upon unnamed sources, it is probably reasonable to view it with a healthy dose of skepticism." -  Considering that the Daily Caller specifically mentioned one coin name in particular that Congress was focusing on, and it's such an unknown currency, perhaps that is the source of the information... 

Congress May Be Considering Cryptocurrency Protections

https://dcebrief.com/congress-may-be-considering-cryptocurrency-protections/

That is definitely worth a shot if they are willing to work with us going forward. I'm sure it can be mutually beneficial.

Fisco Launches Bitcoin Bond

https://dcebrief.com/fisco-launches-bitcoin-bond/

David Sacks is a visionary legend in the Valley. I was jumping for joy when I read this article. It was astounding how many Valley geniuses don't really have a clue on crypto, but Sacks deeply "gets it." This was a super refreshing read when I caught it on cnbc.com the other day.

“There is some risk that if the wrong regulatory regime gets adopted in the U.S., then the center of innovation could move to other countries. If blockchains are the next internet, that would be a very unfortunate development for the U.S.”

I certainly agree with David Sacks, former Paypal COO. The following article is worth reading:

Bitcoin, Cryptocurrencies Fulfill PayPal’s Original Goal, Says Ex PayPal COO

Francisco Memoria on 18/08/2017

Bitcoin has slowly been challenging PayPal. Recently, CCN reported that bitcoin topped PayPal’s market cap after breaking $4,000 for the first time, and soaring past a $70 billion market cap. Back in 2016, PayPal announced it appointed the founder and CEO of Xapo, Wences Casares, to its board of directors.

As bitcoin surpasses PayPal, CNBC’s Eric Jackson caught up with former PayPal COO David Sacks, known in Silicon Valley as an entrepreneur and an early investor in various companies such as Facebook, SpaceX, Uber, and Airbnb.

Bitcoin is Creating “The New World Currency”
The conversation started off with a question regarding Sacks’ take on the rise of digital currencies. The entrepreneur stated that after PayPal he never thought payments would interest him again, but notably stated that bitcoin is fulfilling PayPal’s original vision. According to David Sacks, in PayPal’s early days the team believed that if enough people got involved, money would never had to leave its systems, but revealed that the vision ended when eBay acquired the company.

He stated:
“But cryptocurrencies like bitcoin are now fulfilling that original vision. They are doing it in a decentralized way (with a decentralized database called the blockchain) whereas PayPal tried to do it in a centralized way.”

Furthermore, Sacks revealed that to him, it feels like we’re witnessing the birth of a new kind of web, the decentralized web, or the internet of money. In it, blockchain technology is being used to create decentralized apps, and to fund new startups through Initial Coin Offerings (ICOs). This means the all the ingredients needed for a new wave of innovation are there, but it also “feels reminiscent” to the dot-com era, as it is revolutionary that money is being made programmable, but there is “speculative excess and random enrichment.”

Read more:
https://www.cryptocoinsnews.com/early-paypal-executive-says-cryptocurrencies-fulfill-paypals-original-goal/

Unfortunately, SEC’s recent Investigative Report on the DAO ICO is having a ripple effect.

Poloniex statement on ICOs and tokens:


August 17, 2017
TOKEN LISTING POLICY REMINDER

In light of the SEC’s recent Investigative Report on TheDAO, we would like to remind our users and the broader community of our policies for listing tokens on the Poloniex platform.

We respect and follow all applicable laws and regulations, including U.S. securities laws. The SEC's report discussed the application of securities laws to blockchain tokens, and we appreciate the SEC's guidance and the respect shown for our growing industry. We also now have further confirmation that our onboarding policies are well-founded, since we apply the same “Howey test” factors to each token listed on our platform.

As part of our compliance processes, we periodically assess listed tokens, and some may end up delisted as a result. In the process of undertaking this review, we may find that although a token is unlikely to be a security, it may still warrant delisting because liquidity, volume, and overall community involvement may be too minimal to warrant continued support on our platform.

We will continue to comply with U.S. securities law. We will also continue to assess new tokens that seek to trade on our platform and monitor those already listed. We will not list tokens that are securities. We will delist any tokens already on our exchange if we come to believe they are securities, whether that be by changing interpretation of the law or changes in how the tokens and underlying networks function over time.

- The Poloniex Team

https://poloniex.com/press-releases/2017.08.17-Token-Listing-Policy-Reminder/

I had never heard of Syscoin, just like I'm sure many have never heard of DNotes. I'm already looking forward to TeeGee's next coin spotlight. The fact that he's well informed, has broader financial knowledge, and is not biased or compromised makes the review so much more valuable. And quality, impartial coin reviews are far too rare.

Well Alan, this is exactly the sort of well thought out and responsible approach that the ICO model is screaming for. Of course there will be thousands of potential ICO proposals that wouldn't make the cut, but these would be the ones I would never recommend to family and friends anyway.

I also really appreciate how you model your business around a long term future. A decade down the track when someone analyses the number of successful ICOs that supporters profited from, I'd hope to see the DNotes system at the top of that list. This would please me much more than seeing it at the top of the "Highest Number of ICOs" or "Highest Amounts Raised" lists.

Thanks also for letting us know DNotes will differentiate from Ethereum. I'm sure I'm not the only one excited about what direction DNotes 2.0 will take.

Great suggestion, RJF. If we were to develop a list of potential partners we want to collaborate in special projects, Syscoin would be on our very short list. With so much going 2018 could be a great year for some partnerships.

I thought Tim did an excellent job too. Our industry can certainly benefit from such an informative and analytical article. Hope he can do a few more.

Great idea and analysis, Tim. Most people don't know what to look for in a cryptocurrency investment (inside and outside the industry), and for those that do, chances are they don't have the time to sort through a thousand of them. Paying attention to what has been going on the last four years with other currencies gives DNotes a distinct advantage, and I would feel very comfortable narrowing my own research, analysis, and potential investment to the handful selected by any member of the DNotes team. Thanks Tim, for all the time this will save us. 

Refer to my post about Syscoin. I know in some ways they are the competition but, they are honest and would make a great partner if that appeals to any of you. Just a thought...