Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 309. (Read 148866 times)

That's interesting Alan because I hovered over that quote for a while too. I hadn't heard about Wences or his quote when I wrote:

"By that I mean you don't need to buy a whole coin even, to do well out of a runaway success. So I've been thinking about how hard it would be to create a small portfolio for $100 by buying just $10 worth of the ten most likely to succeed cryptocurrencies. If nine went nowhere, and one only gained ten times it's value, you're safe. But if just one of them takes off and gains 100–1000 times it's value, you'll have done better than any other investment opportunity I can think of."

But I never had any insight into how long that portfolio should be left to sit. Wences' recommendation seems rather short to me, at 5 years. I've only rolled out major tech upgrades within a government environment, so my sense of how long things take is certainly skewed. But I think five years is about the minimum for getting a ground breaking technology, that contributes real value, off the ground. But maybe the activity in this space is so volatile, that 5 years could have become an overestimate.

My previous thoughts about a $100 investment portfolio also relate to what you've mentioned regarding the SEC compliant ICO. I've never supported the idea that we need the government to absorb the role of 'parent' after we've grown up, protecting us from our own bad decisions. In fact I believe it is the role of democracy to do the opposite. Once we grow up we should protect the government from making bad decisions. So I don't like the idea of legislation determining who can invest in securities or ICOs and who is banned from the opportunity.

I also agree with you that this space requires a different body of knowledge, and that the rich are not necessarily the most informed. What I do believe about the rich, is that they have the most capacity to lose without getting into a situation where they depend on society to support them. But whether you're rich or not, I certainly agree with the advice that in cryptocurrency, only invest what you can afford to lose.

And as for the Filecoin ICO, by Protocol Lab, I would run away because it fails one of your basic tests. Is it bringing something new, and necessary to the market which is hard to duplicate? No. Storj started three years ago, has a working product and is preparing to migrate from bitcoin the etherium this year. Kim Dotcom is re-inventing MegaUpload to do the same thing with bit cache. And when the function benefits from mass adoption and people don't want to run multiple storage apps, there can only be a limited number of successful players in the market. For an approximation of this, I'd compare the market share of the top four centralised could storage providers.
 
Usage Of Cloud Storage 2017

Platform	Market Share
Dropbox	77%
Google Drive	17.2%
OneDrive	5.1%
Box	0.8%

Source: https://blog.cloudrail.com/cloud-storage-report-2017/

Coinbase Announces $100M Series D Funding

https://dcebrief.com/coinbase-announces-100m-series-d-funding/

Thank you, Kelly. You have been very gracious. I must add that I am very proud of our community for being so supportive and positive.

You all are amazing and an inspiration to me. DNotes is fully committed to doing the right thing at the right time - of course, the right way. I trust that we all will be well rewarded one day - likely to be quite soon. We are very excited on the progress our team has been making in preparation of DNotes 2.0 launch. 

I am still constantly bombarded with ICO offerings and invitations to serve as an advisor which I have politely declined. From my vantage, there could be tens of thousands of ICOs in the making. Our industry is becoming a mega casino.

The following article is interesting. But it means leaving out the small investors in favor of accredited investors with annual income of $200,000 or more or net worth $1 million or more.  

https://cointelegraph.com/news/is-there-such-a-thing-as-a-sec-compliant-ico-filecoin-thinks-so-raises-52-mln

Is There Such a Thing as a SEC Compliant ICO? Filecoin Thinks So - Raises $52 Mln

The recent SEC ruling that Initial Coin Offerings (ICOs) will have to comply with securities registration laws (if the tokens they are selling are considered equity) has resulted in apprehensions that ICOs may dry up in the US. However, Filecoin has raised $52 mln in a pre-ICO sale, as a prelude to what is claimed to be a SEC compliant ICO.
What is Filecoin?

Filecoin, developed by Protocol Labs, is a decentralized storage network. The network is expected to give owners of unused storage a means to monetize their storage capacity. It is also expected to bring down the costs of storing data reliably. Given the large amounts of unused storage in data centers and hard drives around the world, a natural market exists for this service.

Pre-ICO

Filecoin has raised $52 mln in a pre-ICO sale, in which the company offered selected investors securities which would lead to the allocation of Filecoin tokens. Investors who took part in the pre-ICO sale include Winklevoss Capital and Digital Currency Group. This will be followed by an ICO on Coinlist, which will open on Aug. 7.
SEC compliant

The list of documents available for prospective inspectors is comprehensive – ranging from the white paper to Private Placement Memorandum to Simple Agreement for Future Tokens (SAFT). The tokens will not be registered under the Securities Laws and will be sold under an exemption clause only to accredited investors. Each investor will have to execute the SAFT and will have to complete an investor questionnaire to participate in the token sale. There are also constraints on the ability of investors to sell these tokens until they are ‘vested’ (Vesting Period as agreed in the SAFT and measured from the network launch).

Is this the right approach?

The SEC rule on accredited investors works on the assumption that wealthy investors (as defined by net worth) are more likely to be knowledgeable and understand the risks of investment. However, in the cryptocurrency space, this is not necessarily true. A cross section of people including students, software engineers, cryptography specialists, etc. may have a deep understanding about ICOs but may not have the net worth required to be an accredited investor. Preventing them from investing is only going to shut out a huge section of the cryptocurrency community from the ICO market.

Thank you very much TeeGee
i'm sure you're right. and DNotes v2 will makes some good changes in price and value .
but the release date is in september, i don't think it would be possible for me to invest anything till late november ...
by the way, i just quit being sad ... and i know eventually i will recover all i have lost... and probably more.. 
and someday will laugh at this days .
i am pretty positive about this coin future and i know your team efforts will pay off .
wish you luck and success.

Thanks, TimMarsh. Interesting read.

I found this quote most meaningful: "I own some myself, and have adopted the wise words of Wences Casares, one of the apostles of bitcoin: own less than 1 percent of your net worth, don’t buy and sell bitcoin, and don’t do anything with it for at least five years, at which point it will either be worth a lot more or absolutely nothing. I have yet to use bitcoin for a transaction, and wouldn’t know where to do so. That alone says something about where we are in its evolution."

"Well, I was approached by one of my 6000 + LinkedIn connections to be a speaker at the World Funding Summit on November 17 and 18, 2017 in Los Angeles. If all works out this could be a great thing for DNotes NextGen VC as mentioned in our OP road-map." 

That is fantastic! I hope it all works out.

Everyone should check out DNotes OP - https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858

WIRED writes About Intrinsic Value

Yesterday, Zachary Karabell of Wired magazine wrote about intrinsic value, both fiat and cryptocurrency. I enjoyed the whole article, but found his comments about mistrust in fiat currency during the 19th century most interesting.

In fact, you could troll through reams of 19th- and early 20th-century fulminations, replacing the words “paper money” with “bitcoin,” and be hard-pressed to tell the arguments apart.

To understand a lack of faith in 'paper money' we really need to get our heads into the mindset of the times. This was a period where land and title held value. A still primarily agricultural society quickly recognises the ability of land to generate income. Land also requires an army to steal. Even gold which can be stolen is less of a risk than paper which can disintegrate in water or burn into nothing.

And at that time, the actions of government had some effect on the value of land, but nothing like it does on the value of its national currency. Zachary went on to mention the Argentinian peso, but skipped the Venezuelan bolívar. And while he acknowledged that neither fiat nor cryptocurrency had intrinsic value, he did recognise that trust builds up over time and gives a sense of worth.

I recently read the headline, "Swiss franc eases slightly after spiking on North Korea tensions" and wondered if the value people perceive in the franc is a residual impression generated during the world wars. If it is, then it looks like time is a significant factor in gaining trust. And maybe 80 years from now, people will wonder why the world was so cautious about a currency that could not be destroyed by water, or fire. Was immune to nationalistic manipulation. And could be protected from theft simply by remembering a phrase.

https://www.wired.com/story/bitcoin-has-no-intrinsic-value-neither-does-a-dollar1-bill/

Fidelity Makes it Easier for Clients to See Their Crypto Holdings

https://dcebrief.com/fidelity-now-allows-clients-to-see-their-crypto-holdings-on-its-website/

Has anyone been to DNotes OP lately? https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858

I just did. Frankly, quite impressive and everything is on course.  

Well, I was approached by one of my 6000 + LinkedIn connections to be a speaker at the World Funding Summit on November 17 and 18, 2017 in Los Angeles. If all works out this could be a great thing for DNotes NextGen VC as mentioned in our OP road-map.

Hi Kelly.

We really value that you've come to the forum to get our opinion. I notice that numerous others have given their view, but I am hoping that my experiences and views on this may be of some help.

Firstly, nobody here can predict the future, neither affect the price as an individual, but we can as a group of people with mutual interests build value into a system, which as you no doubt are aware we are working to do. Price is often set by expectations of the future and it is likely that the more people who are impressed by our next installment in DNotes 2.0, the higher the price is likely to go.

It's never fun when your portfolio is lower than where you bought in, but investing is of course all about gains over time. My first purchases in Bitcoin (having been a miner) were early 2014 when a Bitcoin was about 750 USD. It subsequently went down to as low as ~160 USD over the next year, but regained to 750 by mid 2016, and is now ~3300-3500 today. I don't know where Bitcoin will be in a year, but with DNotes I believe it will do very well in the long-term as a result of a unique approach to succeed that would be very difficult for any rival to replicate, qualified leaders, a trusted brand. As it stands, immaturity in the industry has meant many are unaware of the value in our approach, or do not yet know who we are. A strong PR drive will accompany the launch of DNotes 2.0. At that time, people will at least take notice. For this reason, my view is that your situation is similar to Bitcoin during 2014/15.

I understand that only you know what is best for you Kelly, and I sincerely wish you all the best.

Thank you ,Dyna .
i definitely keep some of my Dnotes . i'm sure it's a good investment in long term.


TimMarsh, you definitely have enough of experience and good heart to be a great human..
thank you very much for sharing your knowledge and your heartwarming words .
greatly appreciated it.
i will try to invest as much as i can as soon as possible.
i wish you and everyone the best of joy and happiness.

Hi Kelly, I'm not experienced in investing in cryptocurrency, but I noticed nobody responded directly regarding expectations for the DNotes 2.0 effect on the price. It is something that I really respect about the DNotes team, they don't give investment advice or try to predict the unpredictable.

But I thought I'd offer my thoughts to those you might already be considering, despite my inexperience.

The DNotes team seem to have been working on DNotes V2.0 for a long while now, and if that effort was well directed and implemented with skill, it should improve the value of DNotes simply because it will be a more functional cryptocurrency with more potential use.

Two things that could provide an increase in value is it's move towards the more business friendly C# programming language. The other is the change to proof of stake with up to 4% per annum interest, depending on how you set yourself up.

I believe there is more to DNotes 2.0 than these two factors, but even just with these I feel like it is a move in the right direction and should increase the functionality and value of DNotes. But there is a big difference between value and price. Because price depends on availabilty, demand, perceived value, percieved potential for profit and much more, it is very hard to predict.

But if we just look at availability and demand, moving to POS means miners that don't want to invest in DNotes, will not be increasing the supply with each block they mine. I have no idea what percentage of miners sell on block creation, but some analysis of the blockchain could give you a very accurate figure of at least how many miners transer out from the reward address after receiving it.

And if perceived value drives demand, I would have a look at how well DNotes does at communicating the value of the coin. I know they don't do a lot of promotion to bolster the price, and I like that. I also see them working hard and consistently at providing a network of value. And when something needs to be communicated, like what DNotes 2.0 offers in improved functionality, their history indicates they'll do a good job of that too. If that is enough to raise perceived value, and in the face of potentially reduced availability, both from staking and no mined coins being sold, then market forces should lift the price to match the value.

So to me, it seem really unfortunate for you that life is getting in the way of your investment plans. I just hope that once you get past this, you'll be able to get back in before a rise that would at least bring you back to your starting value in US$.

But more important than investment or money is family. I hope the wedding is rich with happiness and your move brings you closer to those that matter most.

Thank you for sharing your opinion, Denver Dan. It is wisely expressed. DNotes is a long term play in an industry addicted to get rich quick mentality. It is best suited for disciplined investors who continue to accumulate DNotes when it is under-valued, such as at this moment.

We are barely discovered. But this will change soon. Once DNotes 2.0 is successfully launched, a major PR campaign will kick in. I also expect that DNotes will be listed in many more exchanges. Additionally, over 50 episodes of video are being produced for my book "Improve Your Odds - The Four Pillars of Business Success". We will aggressively target the corporate world using the book as our "foot in the door" to promote our blockchain and smart contract technologies. Yes, it will take a year or two to gain serious traction but we are telling you as it is. However, I must add that no other coin is better positioned than DNotes to gain the trust and acceptance of the coin as a global digital currency. Take this as a clue - we are casting a very wide net. DNotes is built to meet the full functions of money and the participation of anyone worldwide.

Sorry, Kelly, to hear about your situation. Not sure it helps, but I practically bet my farm on DNotes. Well, at least we will have a daylily named "DNotes" one day!

https://dcebrief.com/op-ed-cryptocurency-investment-series-part-4-icos-securities-and-intrinsic-value/

Thank you everyone ..Chase , DNotes , Denver Dan ...
i really like to hold it , and i know its value will increase over time.. but in real life i am always in lack of time . have to move from my place to a new one in less than a week , and two weeks from now is my brother's wedding   . and i just put almost all of my savings in Dnotes ...
i know it's silly ... well i got too excited that moment .. .
anyway i take your advice as much as i can .. and will hold anything that's not necessary for the next two weeks .
thank you for your time and advice.

Australian Senators Call for Reserve-Backed National Cryptocurrency

https://dcebrief.com/australian-senators-call-for-reserve-backed-national-cryptocurrency/

Hi Kelly,

In my opinion, if you can hold a little longer, I would.  It takes very little BTC to move Dnotes.  I've seen price fluctuations go up and down 10-15% with just a few hundred/thousand dollars.  Right now, people are riding the BTC train up, which is keeping that out of dnotes at the moment.  There's been $30B+ put into the market over the past few days, and growing.  I think it's just a short matter of time before that start filtering down.  Remember also, it's not necessarily about where you bought dnotes against bitcoin (.0000068), it's the converted price against the dollar.  A little more patience, and I think you'll be smiling.  

Thank you Chase and welcome to the DNotes forum Kelly. Thank you for your confidence in DNotes. We are happy to help in any way we can and answer your questions. Officially we cannot provide investment recommendations, but a good general rule is not to invest more than you can afford to lose. Our goal is to create value for DNotes stakeholders, but nothing is guaranteed.

Hi Kelly and welcome to the DNotes forum. It's always an uneasy feeling when the price drops, even when you know these ups and downs come with the cryptocurrency market. DNotes has not copied the strategy (or should I say lack of strategy) of other currencies with their rush to over-inflate the price with no intrinsic value to back it. We are building the infrastructure you would normally find only in a profitable corporation to back the value of DNotes. This is where DNotes Global Inc will set DNotes apart from the entire industry.

DNotes is also following a more traditional path, in that we have promoted long-term savings from day one, and have never participated in any kind of 'pump' activity. There isn't a lot of DNotes for sale on the market, so when someone comes along that knows how to analyze an investment in the cryptocurrency sector, they have no problem making a big $ buy. This can drive the price up in the short term. 6800 satoshis or 1900 satoshis doesn't matter at this point, it's all just pennies, and DNotes is backed by more value than the majority of the coins that are sporting 'marketcaps' (term used loosely) in the hundreds of millions.

DNotes2.0 isn't the pump, it's the future of cryptocurrency. It's tough when you are short of money, and even though you are free to sell whenever you want (awesome feature of cryptocurrency investing!), if you can afford it, try to hang on to some of your DNotes for the future... 

You may enjoy this article - http://dnotesedu.com/2017/07/cryptocurrency-market-timing-irrationality/