Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 313. (Read 148848 times)

It's pleasing to see more people following DNotes chart and making public predictions based on the price. No doubt being listed on poloniex is great for us in this regard.

Currently the world is still very focused on price - and in this case the prolonged accumulation phase that often leads to a break out, a symptom of traders gaming for profits. More importantly, in the not too distant future the investment grade participants will come along, and they will appraise projects by their underlying value, and not just what a few 'smaller whales' consider the next opportunity to make a buck.

DNotes 2.0 is edging closer with September not too far away, and these investors will no doubt be paying attention to the coin that also has a surrounding business ecosystem that works to build intrinsic value.

Thank you, Chase and CryptoFacto. I like that too. Digital currency is here to stay. It is the future of money but many issues and challenges must be overcome before mass acceptance of digital currency can take place.
  
It must be accessible for everyone worldwide to participate, including the ladies of the world. It must meet the full functions of money with meaningful intrinsic value and a trusted brand. The people behind it must be credible and committed to the mission and purpose of the currency, and not exploit it as a get rich quick opportunity/scheme. Check us out at: http://dnotescoin.com/

This is the greatest technology revolution since the internet with massive opportunities for job and wealth creation. Please join us to help educate many who might otherwise be left behind. Thanks.  

Russia’s NSD Plans Creation of Platform for Cryptocurrency Assets

https://dcebrief.com/russias-nsd-plans-creation-of-platform-for-cryptocurrency-assets/

Good call on the DNotes @Cryptomickey, and thank you for all the other DNotes tweets! 

Here is another sad reminder that our industry is constantly damaged by bad actors involving cryptocurrency exchanges and ICOs.  It is ever more important for DNotes  to stay on course in building a trusted brand and continue to do what is right. We are here for the long-term and I am totally committed to ensure that DNotes will remain as the digital currency with a purpose to the benefits of everyone worldwide.  Meanwhile, please invest with caution.

Former Bitcoin Exchange Cryptsy CEO Ordered to Pay $8.2 Mln in Class-Action Lawsuit

US District Judge Kenneth Marra has ordered Paul Vernon, the former CEO of the bankrupt cryptocurrency exchange Cryptsy, to pay $8.2 mln in damages to their customers.
In his July 27, 2017, default court order, Marra ruled that Vernon is guilty in the long-running class action case filed against him and the exchange.

Part of Marra’s order reads:

"The Court further declares that the 11,325.0961 [Bitcoin] which were stolen from Cryptsy customers on July 29, 2014, and which, as of the date of this final judgment ... are property of the Plaintiff Class and subject to and encompassed within this Final Judgment."
In his comment on the order, Attorney David Silver, a representative of one of the two law offices involved in the lawsuit, stated that those who represented the claimants in the case were elated to have obtained a historic success.

"This order is a big step in the path towards vindication and justice for our clients in the cryptocurrency world who were taken advantage of by an exchange operator they trusted with their hard-earned funds."

Read more: https://cointelegraph.com/news/former-bitcoin-exchange-cryptsy-ceo-ordered-to-pay-82-mln-in-class-action-lawsuit

They are working on a few updates. Should be resolved shortly.

I will make sure he knows. Thanks Badamba!

dnotespool.com
i and other miners cannot withdraw coins.
can admin check on this matter

Looks like BCC (Bitcoin Cash here is their site) is moving forward with their own fork, even if the SegWit fork is successful.

Confusingly, there is also a BitConnect coin on CoinMarketCap.com also labeled BCC.

Coinbase on the coming changes. Update for customers with bitcoin stored on Coinbase. Worth a read through. Bitstamp released a similar statement they would not be supporting BCC.

US Govt Fines BTC-e $110M, Indicts Owner

https://dcebrief.com/us-govt-fines-btc-e-110m-indicts-exchange-owner/

"My hope is that some level of compliance will help the good operators to be discovered by investors while making it harder for bad operators to fraudulently profit from the ignorance of others."

TimMarsh, I am hopeful that it would be the case too. Some sensible regulations to protect unsuspecting consumers are essential. The decentralized issuance and governance of the currency will never be controlled by the government. But out-right scams and blatant manipulation of currency values must be put in check. It has been out of control and many people have been harmed.

This is a very significant development in the Bitcoin digital currency space.  Our regulatory agencies may have finally come to the realization that the industry is becoming unstoppable. The gold rush has continued to intensify with increasing participation of bad actors. It is far better that the government step in with some sensible regulations. We can expect other agencies to join in to provide some order and consumer protections. The growth of the industry has been explosive and at times chaotic.

Glad you're home safe TeeGee. Coming from Australia, I'm no stranger to the long-haul flights and know how frustrating it can get when they are extended. I hope your batteries lasted the distance.

I understand where Chase is coming from. Even if this is just a warning shot across the bow, as Alan indicated, it is still a blow to freedom of choice. There will be some innovators out there who only want to focus on delivering a product, and won't bother if they have to jump through bureaucratic hurdles to raise funds. But I think these will be the minority of players in the ICO game.

I've worked implementing and auditing ISO9001 quality standards for a while. This was once seen as a handbrake on a business which needed compliance to gain market share. Then, especially after the standard changed its focus on processes in 2000, it became a valuable tool. At this stage, implementing ISO9001 improved the functionality of a business and made it more profitable.

I image that SEC compliance might also lead to more successful outcomes for genuine ICOs. When having to list and verify staff qualifications, they might discover unprovable claims and avoid a bad hire. When creating a financial plan, they might gain insights into important things that need to be done. And for each other requirement of a prospectus, they might build a stronger and more capable organisation. So in this way SEC compliance could be a good thing.

But I'm also concerned about the thin edge of the wedge. The fact that cryprocurrencies are not controlled by any government and their value is not manipulated to suit the needs of a single country, is one of their attractions. As regulations are introduced to control the industry, the spectre of governmental control over cryptocurrencies is raised. These are likely to include things like tax-registered citizens must declare wallets within a certain number of days and before they are used for trading. Or for national security reasons, miners within their country must vote in a particular way on a hard fork option. 

My hope is that some level of compliance will help the good operators to be discovered by investors while making it harder for bad operators to fraudulently profit from the ignorance of others. Do people have a right to be able to invest safely without doing their own homework? I wouldn't call it a right. But people do have the right to organise themselves in a manner that enables them to prosecute people who deliberately steal from them. The ease of international transfer of value enabled by cryptocurrency means that there will always be some country that you can offer an unrestricted ICO from. Maybe the ones conforming to regulations in their host countries will do better because of this. 

CFTC Approves LedgerX Bid to Offer Bitcoin Options

https://dcebrief.com/cftc-approves-ledgerx-bid-to-offer-bitcoin-options/

Welcome to the world of international travel. 40 hours is a long trip. My worst was 48 hours from Taipei, Taiwan to Chicago. When we finally landed at ORD everyone cheered. Well, good to know that you arrived home safely. 

I got the impression that the SEC press release regarding their position on ICO was a deliberate "fair warning". DNotes is taking a very different approach and taking our time to do it right. Consumer protection laws governing the sales of securities are quite similar among most nations. The risk of illegal ICO offering may be just as high outside of USA.   

"Why is it not up to the consumer to work out where they should invest?"

Because the majority of the world's population is financially illiterate, and as the stewards of an innovation that can drastically change their lives for the better, we owe it to them to protect them. At the very least let's educate them so they can make informed decisions. People that are very desperate to improve their lives may think they will get a return similar to bitcoin, and do not understand the risks associated with ICOs. As in any other tech startup craze, 90% of these projects will never amount to anything - there is very little they are doing that can't be copied or improved on by someone else. Even people within cryptocurrency don't always understand that they get nothing in the way of equity from these ICOs. A real contender with game changing innovation will not be deterred by doing things within the law.

The SEC has some of the most stringent standards in the world, so if you can live within their guidelines, it will go a long way in adding a 'trust' label to your project. Institutional investors may not be able to invest in projects from countries that are 'loose' with their consumer protection laws, and these investors are key to mainstream adoption.

It is interesting to note that DNotes is sitting on a gold mine of innovation without raising a single dollar via ICO. 

Thank you all for the wishes of safe travels. After multiple delays on flights, missing connecting flights as a result, and then having to take a less direct route home leading to an additional flight, I have made it home (40 hours total travel time, which should have been only 30)  Chicago > LA > Sydney > Auckland > Wellington.

The SEC regulatory decision is hardly surprising. The justification of so many ICOs is that they are 'crowdfunding efforts' - but that is rubbish, because nobody invests 50+ BTC of their personal wealth into a project just because they want to see it come to fruition - they do so with the expectation of a potential gain. This makes every ICO marketed, sold, and purchased as though they are an asset, yet they have zero intrinsic tie to any real equity and have zero direct mechanism by which project success leads to an appreciation in token value. They are scams that people play roulette on. That said, a lot of innovation occurs in the space as a result of these investments (which could easily just be applied to current tokens, but developers want to get rich, so they create new platforms and tokens for that reason alone). The space has been a wild west for a long time, but that is not necessarily a bad thing. If it is indeed the case that some ICOs are scams by the above definition, but some also have the option for success (like ethereum), then why is it not up to the consumer to work out where they should invest? If you invest in a project with anonymous developers, and no official business entity behind it... well that's kind of your decision to do so, and it is obvious that verifiable developers that meet basic reporting standards are more secure investments. Now the participants in the industry not only can't choose how they risk their money, but also lose their freedom.

This is the first major nail in the coffin of USA-based blockchain innovation. There will be opportunities for some of the more serious investor grade blockchain projects like DNotes to prosper in this environment (which makes this ruling good for DNotes as a project), but all the other projects - many of whom will be serious innovators - will just move their operations to Singapore / Australasia / Europe and allow all the benefits to be enjoyed there.

Happy Anniversary! Hope you guys have a great time.

I'm sure we will all be meeting up again soon, looking forward to it.

Ah, bummer. No worries. Thought it might be work out well like it did a few weeks ago. TeeGee, I hope that your flight back is going/has gone well. And yes, it'll definitely be a good vacation. August 4th is my wife and my 10th Anniversary. Time does indeed fly when you're having fun!

Completely agree. In fact there was a great Let's Talk Bitcoin podcast that I listened to on my run the other day, about whether we should Tokenize All the Things....Pretty interesting discussion and some nice definition around the kinds of things that can benefit from the blockchain. It's conversation like that which to me really indicates some maturation in the space. Blockchain is revolutionary, but not everything must needs be tokenized.

https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-338-tokenizing-everything-what-does-that-even-mean