Author

Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 315. (Read 148848 times)

legendary
Activity: 1610
Merit: 1060
I would recommend that this wizard include hyperlinks not just to the exchanges, but to elements with in them, so that the user could click on 'create account with Coinbase' and then once they have done that while referring to the marked-up screenshots in the wizard, go back to their wizard and click on the next link, 'buy $5 worth of Bitcoin on Coinbase'. So they never feel like you've left them in the woods in some other website.

I like the wizard idea. Thinking through a little more, perhaps a document linear list of tasks, with a link to individual walkthroughs (or expanded). The walkthroughs could be wizards or videos or just instructions and screen shots. This will allow them to see the whole process while getting more details only about the ones they need help with.


Confusion can feel a lot like fear, and when someone is trying something new, it is likely to cause them to give up. To avoid this feeling, it is important that the user can manage the whole process from one familiar screen, that they can see where they are up to, and that by using cookies you can return them to where they were if they come back to it another day.

The 'screenshot' I've posted above has a tick box next to the current process. Once the user ticks this, the box on the left will reflect their achievement and progress. Using the three column approach you can deliver a massive amount of information without it feeling overwhelming. They can also see how far they have progressed and explore future steps without losing where they are up to.

I would recommend that the items on the right work as popup overlays on the current window, and all other hyperlinks open in a new tab. This will make it feel stable by not jumping the user through too many websites. I would also recommend short definitions for bold text working as hover-text. The screenshots on the right should be marked-up with step numbers so they never feel confused even when in a foreign website.

I think it would also help if before they began the wizard, the user was told how much it is likely to cost them, broken down into stages. So it includes all the fees from putting $5 in as DNotes, and then getting it put back as fiat currency into their bank account. If typical ranges are required, use that.

Thank you, TimMarsh. I am always impressed by your amazing thought process. Always quality research with great recommendations.

Our training conference in Coldwater, Michigan officially ended today after 90 days of long hours, deep discussion, planning and execution,  video production, and much more. We are confident that DNotes will be elevated to the next higher level soon. DNotes is a digital currency with a purpose. We are very committed to our missions.

TeeGee and I will be heading back to Chicago shortly with a busy schedule to follow. Thank you all for your support. 
full member
Activity: 187
Merit: 100
Professional cryptocurrency writer incl DNotes.
I would recommend that this wizard include hyperlinks not just to the exchanges, but to elements with in them, so that the user could click on 'create account with Coinbase' and then once they have done that while referring to the marked-up screenshots in the wizard, go back to their wizard and click on the next link, 'buy $5 worth of Bitcoin on Coinbase'. So they never feel like you've left them in the woods in some other website.

I like the wizard idea. Thinking through a little more, perhaps a document linear list of tasks, with a link to individual walkthroughs (or expanded). The walkthroughs could be wizards or videos or just instructions and screen shots. This will allow them to see the whole process while getting more details only about the ones they need help with.


Confusion can feel a lot like fear, and when someone is trying something new, it is likely to cause them to give up. To avoid this feeling, it is important that the user can manage the whole process from one familiar screen, that they can see where they are up to, and that by using cookies you can return them to where they were if they come back to it another day.

The 'screenshot' I've posted above has a tick box next to the current process. Once the user ticks this, the box on the left will reflect their achievement and progress. Using the three column approach you can deliver a massive amount of information without it feeling overwhelming. They can also see how far they have progressed and explore future steps without losing where they are up to.

I would recommend that the items on the right work as popup overlays on the current window, and all other hyperlinks open in a new tab. This will make it feel stable by not jumping the user through too many websites. I would also recommend short definitions for bold text working as hover-text. The screenshots on the right should be marked-up with step numbers so they never feel confused even when in a foreign website.

I think it would also help if before they began the wizard, the user was told how much it is likely to cost them, broken down into stages. So it includes all the fees from putting $5 in as DNotes, and then getting it put back as fiat currency into their bank account. If typical ranges are required, use that.
full member
Activity: 1078
Merit: 102
legendary
Activity: 1638
Merit: 1005
DNotes Video Library update:


DNotes / DNotes Global Inc.

Introduction to DNotes - an Unfolding Big Bold Idea of Global Scale  - https://www.youtube.com/watch?v=ar8C7xBgpIE

DNotes Path to Mass Adoption - Ease of Use  - https://www.youtube.com/watch?v=dkf1174xltQ

DNotes General Discussion Part 1  - https://www.youtube.com/watch?v=Dexb11hcIMg

DNotes General Discussion Part 2  - https://www.youtube.com/watch?v=jyiV9RDytx0

Economic Freedom and How it Relates to Cryptocurrency  - https://www.youtube.com/watch?v=Zip5xpUlp3c

DNotes Global Ownership Model - https://www.youtube.com/watch?v=IenaYn1ce3w

DCEBrief - Why it's Important to the DNotes Ecosystem  - https://www.youtube.com/watch?v=uR9NHeFtTQY

DNotes - Backed By Business  - https://www.youtube.com/watch?v=D8jKBJx0ikM

DNotes 2.0 Promo  -  https://www.youtube.com/watch?v=bnkUL0vhpjQ

DNotesEDU Digital Finance & Cryptocurrency Education Platform   -  https://www.youtube.com/watch?v=v_DeEFWFkew

New!  -  DNotes Approach to Regulation & Compliance  -  https://www.youtube.com/watch?v=fX6lsBGa9hA


The Four Pillars of Business Success

Improve Your Odds - The Four Pillars of Business Success - Book Trailer  - https://www.youtube.com/watch?v=eQU_SFL46d0

The Four Pillars of Business Success - Introduction by Alan Yong  - https://www.youtube.com/watch?v=5JdWJ8IxCmU

Alan Yong Entrepreneurial History & Guiding Principles on Business Success  - https://www.youtube.com/watch?v=A23EmXtUHHw

10 Major Contributors to Business Success  -  https://www.youtube.com/watch?v=XxWMpoqq68c

10 Leading Pitfalls of Business Failures  -   https://www.youtube.com/watch?v=QZp7BPMljQ4
 
legendary
Activity: 1932
Merit: 1111
DNotes

Question from the DNotes board on InvestorHub:

"How does one go about making an investment? I have a friend that says a very small group of individuals around the world are getting involved and recently had quite a pow wow."
[...]
*************

NOTE: This is getting to be a very popular question - Do we have an easy to understand, standardized answer anywhere that I have forgotten about?

Thanks Chase! That is a good point as well.  We should have an end to end article outlining the process to make it very clear. 

I know my first suggestion regarding teaching people how to buy DNotes was focused on a future where you had an exchange, but I think the solution is even more important currently because more steps are involved.

[...]
With this in mind I would suggest a highly structured introduction with a focus on not wasting the customer's time. We've seen software 'wizards' used for more than a decade to step people through a complex process. This wizard should not stop at the investment point, but go all the way through to a withdrawal.
[...]
Then, once this has been developed, set up in a public space, hire a stall in the shopping centre, and pay some people $5 to invest $5 in DNotes. Watch over their shoulder and note down all of their question and complaints. Re-build your wizard based on what you learn and do it all again.
[...]

I would recommend that this wizard include hyperlinks not just to the exchanges, but to elements with in them, so that the user could click on 'create account with Coinbase' and then once they have done that while referring to the marked-up screenshots in the wizard, go back to their wizard and click on the next link, 'buy $5 worth of Bitcoin on Coinbase'. So they never feel like you've left them in the woods in some other website.

I like the wizard idea. Thinking through a little more, perhaps a document linear list of tasks, with a link to individual walkthroughs (or expanded). The walkthroughs could be wizards or videos or just instructions and screen shots. This will allow them to see the whole process while getting more details only about the ones they need help with.
full member
Activity: 187
Merit: 100
Professional cryptocurrency writer incl DNotes.

A weekend conversation comparing notes on the wastefulness and sense of entitlement of government employees, peaked my curiosity. Surely this group, with the strongest union, cushy pensions, paid time off for their dog's birthday (slight exaggeration), able to retire as early as 55 with a fully indexed defined-benefit pension (paid for by the taxpayer who has to work until they die), must be the worst offender.
[...]
Employees can make or break a business. They are so critical to its success, they make up one of the 4 pillars in Alan's book, The Four Pillars of Business Success. Just a reminder that membership to the website is free until December, 2019 - https://fourpillarsofbusinesssuccess.com/.


I understand what you're saying. I've worked in government in Australia, and learnt an incredible amount about management and how [not] to run a business. There are two things at play here and they are related.

Firstly, in government success is optional. If a department fails to produce or goes over budget, it does not get eaten up by the competition or go bankrupt. This enables bad management to thrive, and employees don't have a connection between failing to contribute to success and losing their job when the business collapses.

The rest of it I'll quite happily lay on the shoulders of bad management. From the top down, I've seen budgets set for departments based not on what it costs to achieve an outcome, but on how much they spent last year. When times are good, departments that go over budget are rewarded with a budget increase. When times are bad, all budgets are given a 20% squeeze regardless of current efficiency. This solution is preferred because they lacked the skill or motivation to effectively audit and analyse a department's performance and expenses.

I've also learned that motivating staff is not hard. A friend once told me that you have to beat someone's willingness to work out of them with a stick, and if you don't keep at it, it will creep back in again. I laughed, he was funny. Then as my years of employment rolled by I came to see it was also true. People want to work and they enjoy it. Being bored and idle are emotionally painful experiences.

Then, as I managed people in many different environments, I arrived at a simple formula.
1) Make sure the staff have the skills, tools, and information they need to get the job done well.
2) Make sure they understand what needs doing, and why, if they are that sort of person.
3) Let them know what is to be done once they've finished what they're on. Letting them see that it is ready to go and waiting for them can really help here too.
4) Never ever make them undo their work. Even if it was their fault.

And a bonus tip; at the end of the day, finish them off before they've completed what they're on. When they come back in, they'll know exactly where they were and want to get started. Once they've done that, they're moving and motivated so it is easy to maintain momentum.

What I've seen in government is a failure of many of those points at once. But the worst thing I've ever seen in government is a strict ban on anybody but official PR staff talking to the media. This is an outrage. The people own their government and have a right to any information they can get about it. The public are the ultimate owners of the government operations, and banning staff from talking to the media is like middle management banning employees from talking to the owner. And it was in this climate of secrecy that I saw the worst decisions being made.

So there are plenty of reasons for inefficiency and waste. But the current trend towards privatisation is also a lazy and ineffectual solution. And when the service being privatised depends on massive amounts of infrastructure, like a national railway, or is something that doesn't enable competition like water supply, it is doomed to fail and cost the public more than the previous government operation.

The solution is simple. Training and systems. Train management to be effective, and establish and share systems that monitor and improve efficiency and effectiveness. Of course, some managers are beyond training and need to be moved on. The difficulties involved in getting rid of top level public servants is a whole other issue.  
legendary
Activity: 1610
Merit: 1060

A weekend conversation comparing notes on the wastefulness and sense of entitlement of government employees, peaked my curiosity. Surely this group, with the strongest union, cushy pensions, paid time off for their dog's birthday (slight exaggeration), able to retire as early as 55 with a fully indexed defined-benefit pension (paid for by the taxpayer who has to work until they die), must be the worst offender.

Everyone in the conversation had previous experience working for the government, and a recurring theme kept emerging: The total lack of respect government employees have for their employer's time and property, and not by just a few employees, but in some instances  a good portion of them. "Who cares, the government is paying for this" was heard constantly, without a single thought as to who pays for the government. I remember the first time I worked through my lunch hour to meet a deadline, and was treated as if I had committed some unconscionable crime. It's an environment that can bring everyone down to the lowest common denominator after a while. My experience was before social media began ruling the brains of the people, so I assume that perhaps things are even worse now.

I found some interesting facts on a couple of infographics relating to time wasted at work that includes all workers, not just government employees:

  • Businesses have a 40% productivity loss from non-work Internet related surfing
  • 31.2% of workers feel that it is appropriate to surf non-work related sites everyday
  • More than 70% admit to checking their personal emails at work
  • Facebook is the most blacklisted website at work
  • 34% - 48% of time wasted at work is spent online (web surfing, social media, shopping)
  • 33% - 43% of time wasted at work is spent talking/socializing with co-workers
  • Time wasted also included conducting personal business, long lunch breaks, personal calls, texting, etc...

Here's the kicker - 60% of workers think surfing the web increases productivity!

And, I was right... The government tops the list with 25% of all employees wasting time at work, although it is likely substantially higher if they think surfing the web on your employer's time & dime isn't wasteful.

https://biz30.timedoctor.com/infograph-wasted-time/     http://www.designinfographics.com/infographics-images/wasting-time-at-work.png

 Smiley

Employees can make or break a business. They are so critical to its success, they make up one of the 4 pillars in Alan's book, The Four Pillars of Business Success. Just a reminder that membership to the website is free until December, 2019 - https://fourpillarsofbusinesssuccess.com/.


Thanks, Chase. Unfortunately, unproductive government employee problem is a worldwide problem. I remember my first job being a government employee. There was no urgency to get anything done. I lasted one year. Looking back, like the corporate world, leadership and management create "bad employee". Technically, everyone is out to hire the best employees. I have never seen a job wanted advertisement that says "Bad Employee Wanted". So what happened? Why is it that 80% of business startups failed in the first 10 Years? Yes, creating a culture to groom bad employees is a major contributors to business failures and government wasteful conducts. That should be a concern to all of us. It certainly motivated me to write my book:  https://fourpillarsofbusinesssuccess.com/
legendary
Activity: 1610
Merit: 1060
Thanks for all the info on DNotes. I'm quite interested in learning more on the progress within the company on this coin.

Could you tell me why there's been no updates to the (public) wallet since 2015? Just other focuses?

Also, is there a roadmap somewhere that I missed?

Hello Zecon, welcome to the forum!

With DNotes 2.0, there will be a new public wallet released with an array of new features and room for further expansion. You can expect this in September.

As to the roadmap, there is an infographic on the first page of this thread that you can view: https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858

We also have many YouTube videos at our channel - I'll direct you to the promotional video within it for DNotes 2.0: https://www.youtube.com/watch?v=bnkUL0vhpjQ

Welcome to DNotes, Zecon. You are correct, there has not been any technology upgrades of significance since DNotes was launched on February 18, 2014. If we can claim any credit, it is that DNotes has practically no technical support issues in our history. A few very minor issues were immediately attended to and resolved. Yes, by choice we have been focusing our resources in building an ecosystem that we believe is imperative in gaining mass acceptance of DNotes in global commerce one day.

We strongly believe that right timing is one of the major contributors to business success:  https://www.youtube.com/watch?v=XxWMpoqq68c&feature=youtu.be
Having waited for the right time allowed us to identify critical problems and the opportunity to think through the most effective solutions as the technology evolves. DNotes 2.0 will signal that DNotes is a thought leader firmly committed to be a technology leader in our industry.
full member
Activity: 1078
Merit: 102
Court Permits ‘John Doe’ Bitcoin Owner to Challenge IRS Coinbase Summons

https://dcebrief.com/court-permits-john-doe-bitcoin-owner-to-challenge-irs-coinbase-summons/
hero member
Activity: 846
Merit: 535
Thanks for all the info on DNotes. I'm quite interested in learning more on the progress within the company on this coin.

Could you tell me why there's been no updates to the (public) wallet since 2015? Just other focuses?

Also, is there a roadmap somewhere that I missed?

Hello Zecon, welcome to the forum!

With DNotes 2.0, there will be a new public wallet released with an array of new features and room for further expansion. You can expect this in September.

As to the roadmap, there is an infographic on the first page of this thread that you can view: https://bitcointalksearch.org/topic/dnotes-20-staking-crisp-interest-dnotes-pay-1924858

We also have many YouTube videos at our channel - I'll direct you to the promotional video within it for DNotes 2.0: https://www.youtube.com/watch?v=bnkUL0vhpjQ
full member
Activity: 364
Merit: 100
spattered throughout the golden ethers
Thanks for all the info on DNotes. I'm quite interested in learning more on the progress within the company on this coin.

Could you tell me why there's been no updates to the (public) wallet since 2015? Just other focuses?

Also, is there a roadmap somewhere that I missed?
legendary
Activity: 1638
Merit: 1005

A weekend conversation comparing notes on the wastefulness and sense of entitlement of government employees, peaked my curiosity. Surely this group, with the strongest union, cushy pensions, paid time off for their dog's birthday (slight exaggeration), able to retire as early as 55 with a fully indexed defined-benefit pension (paid for by the taxpayer who has to work until they die), must be the worst offender.

Everyone in the conversation had previous experience working for the government, and a recurring theme kept emerging: The total lack of respect government employees have for their employer's time and property, and not by just a few employees, but in some instances  a good portion of them. "Who cares, the government is paying for this" was heard constantly, without a single thought as to who pays for the government. I remember the first time I worked through my lunch hour to meet a deadline, and was treated as if I had committed some unconscionable crime. It's an environment that can bring everyone down to the lowest common denominator after a while. My experience was before social media began ruling the brains of the people, so I assume that perhaps things are even worse now.

I found some interesting facts on a couple of infographics relating to time wasted at work that includes all workers, not just government employees:

  • Businesses have a 40% productivity loss from non-work Internet related surfing
  • 31.2% of workers feel that it is appropriate to surf non-work related sites everyday
  • More than 70% admit to checking their personal emails at work
  • Facebook is the most blacklisted website at work
  • 34% - 48% of time wasted at work is spent online (web surfing, social media, shopping)
  • 33% - 43% of time wasted at work is spent talking/socializing with co-workers
  • Time wasted also included conducting personal business, long lunch breaks, personal calls, texting, etc...

Here's the kicker - 60% of workers think surfing the web increases productivity!

And, I was right... The government tops the list with 25% of all employees wasting time at work, although it is likely substantially higher if they think surfing the web on your employer's time & dime isn't wasteful.

https://biz30.timedoctor.com/infograph-wasted-time/     http://www.designinfographics.com/infographics-images/wasting-time-at-work.png

 Smiley

Employees can make or break a business. They are so critical to its success, they make up one of the 4 pillars in Alan's book, The Four Pillars of Business Success. Just a reminder that membership to the website is free until December, 2019 - https://fourpillarsofbusinesssuccess.com/.
full member
Activity: 187
Merit: 100
Professional cryptocurrency writer incl DNotes.

Question from the DNotes board on InvestorHub:

"How does one go about making an investment? I have a friend that says a very small group of individuals around the world are getting involved and recently had quite a pow wow."
[...]
*************

NOTE: This is getting to be a very popular question - Do we have an easy to understand, standardized answer anywhere that I have forgotten about?

Thanks Chase! That is a good point as well.  We should have an end to end article outlining the process to make it very clear. 

I know my first suggestion regarding teaching people how to buy DNotes was focused on a future where you had an exchange, but I think the solution is even more important currently because more steps are involved.

[...]
With this in mind I would suggest a highly structured introduction with a focus on not wasting the customer's time. We've seen software 'wizards' used for more than a decade to step people through a complex process. This wizard should not stop at the investment point, but go all the way through to a withdrawal.
[...]
Then, once this has been developed, set up in a public space, hire a stall in the shopping centre, and pay some people $5 to invest $5 in DNotes. Watch over their shoulder and note down all of their question and complaints. Re-build your wizard based on what you learn and do it all again.
[...]

I would recommend that this wizard include hyperlinks not just to the exchanges, but to elements with in them, so that the user could click on 'create account with Coinbase' and then once they have done that while referring to the marked-up screenshots in the wizard, go back to their wizard and click on the next link, 'buy $5 worth of Bitcoin on Coinbase'. So they never feel like you've left them in the woods in some other website.
legendary
Activity: 1638
Merit: 1005
Hello. How about some social media bounty campaigns like twitter?  Smiley

Hi butragenjo. As far as I know, there aren't any social media campaigns in the works, but keep an eye out as we approach the launch date of DNotes 2.0. You never know what we might come up with...  Wink
hero member
Activity: 616
Merit: 500
Hello. How about some social media bounty campaigns like twitter?  Smiley
legendary
Activity: 1932
Merit: 1111
DNotes

Question from the DNotes board on InvestorHub:

"How does one go about making an investment? I have a friend that says a very small group of individuals around the world are getting involved and recently had quite a pow wow."

I'm not sure if got the pow wow part right Grin, but here is my response:

Hi Steven,
I'm not sure if this is the 'pow wow' you are referring to, but DNotes team members from around the U.S., Canada, and New Zealand, got together for several months starting in April to work on multiple projects including the upgrade to DNotes 2.0.

DNotes is available for sale on several exchanges, with Poloniex being the most popular. There are plans for DNotes to have its own exchange, but for now you still have to buy bitcoin first. Depending on where you are located, you can buy it at an ATM, an exchange such as Coinbase (I think Poloniex may also have direct buy?), or online at places like QuickBT (Canada), or similar ones elsewhere. Transfer the bitcoin to Poloniex, and use it to buy DNotes.

Detailed how-to tutorials:

Coinbase: your first Bitcoin wallet - http://cryptomoms.com/forum/guides/31/coinbase-your-first-bitcoin-wallet/949/

Trading platforms: your key to all other cryptocoins - http://cryptomoms.com/forum/guides/31/trading-platforms-your-key-to-all-other-cryptocoins/975/

If you are not familiar with cryptocurrency this process may seem overly complicated, but somewhat typical of early investments. When purchasing becomes as easy as online banking or calling your broker, the price will reflect that ease.

Your DNotes can be stored on a downloaded desktop wallet if you choose, but DNotes Vault is a much easier option for anyone new to the industry. It is fully guaranteed and is easier to set up than a bank account.

The DNotes Vault Part I: your DNotes online wallet - http://cryptomoms.com/forum/guides/31/the-dnotes-vault-part-i-your-dnotes-online-wallet/990/

The DNotes Vault Part II: more than an online wallet - http://cryptomoms.com/forum/guides/31/the-dnotes-vault-part-ii-more-than-an-online-wallet/996/msg3966#msg3966

Article - "DNotes Vault – A Web Wallet Like No Other" - http://dnotesedu.com/2017/02/dnotes-vault-a-web-wallet-like-no-other/

The greatest in-depth knowledge on DNotes can be obtained by following our daily discussions on Bitcointalk, and all questions are welcomed and important to us.

I hope this helps. Let me know if you have any questions.  Smiley

*************

NOTE: This is getting to be a very popular question - Do we have an easy to understand, standardized answer anywhere that I have forgotten about?




Thanks Chase! That is a good point as well.  We should have an end to end article outlining the process to make it very clear. 
legendary
Activity: 1638
Merit: 1005
Question from the DNotes board on InvestorHub:

"How does one go about making an investment? I have a friend that says a very small group of individuals around the world are getting involved and recently had quite a pow wow."

I'm not sure if I got the pow wow part right Grin, but here is my response:

Hi Steven,
I'm not sure if this is the 'pow wow' you are referring to, but DNotes team members from around the U.S., Canada, and New Zealand, got together for several months starting in April to work on multiple projects including the upgrade to DNotes 2.0.

DNotes is available for sale on several exchanges, with Poloniex being the most popular. There are plans for DNotes to have its own exchange, but for now you still have to buy bitcoin first. Depending on where you are located, you can buy it at an ATM, an exchange such as Coinbase (I think Poloniex may also have direct buy?), or online at places like QuickBT (Canada), or similar ones elsewhere. Transfer the bitcoin to Poloniex, and use it to buy DNotes.

Detailed how-to tutorials:

Coinbase: your first Bitcoin wallet - http://cryptomoms.com/forum/guides/31/coinbase-your-first-bitcoin-wallet/949/

Trading platforms: your key to all other cryptocoins - http://cryptomoms.com/forum/guides/31/trading-platforms-your-key-to-all-other-cryptocoins/975/

If you are not familiar with cryptocurrency this process may seem overly complicated, but somewhat typical of early investments. When purchasing becomes as easy as online banking or calling your broker, the price will reflect that ease.

Your DNotes can be stored on a downloaded desktop wallet if you choose, but DNotes Vault is a much easier option for anyone new to the industry. It is fully guaranteed and is easier to set up than a bank account.

The DNotes Vault Part I: your DNotes online wallet - http://cryptomoms.com/forum/guides/31/the-dnotes-vault-part-i-your-dnotes-online-wallet/990/

The DNotes Vault Part II: more than an online wallet - http://cryptomoms.com/forum/guides/31/the-dnotes-vault-part-ii-more-than-an-online-wallet/996/msg3966#msg3966

Article - "DNotes Vault – A Web Wallet Like No Other" - http://dnotesedu.com/2017/02/dnotes-vault-a-web-wallet-like-no-other/

The greatest in-depth knowledge on DNotes can be obtained by following our daily discussions on Bitcointalk, and all questions are welcomed and important to us.

I hope this helps. Let me know if you have any questions.  Smiley

*************

NOTE: This is getting to be a very popular question - Do we have an easy to understand, standardized answer anywhere that I have forgotten about?


legendary
Activity: 1932
Merit: 1111
DNotes
Wow, thanks so much for the thorough responses! I have to say this could very well be the most professionally managed thread in all of Bitcointalk  Smiley

How about speed/scalability? I assume one of the advantages of Stratis is that it doesn't suffer from the same TPS and block size bottlenecks that Bitcoin faces? I have to admit I don't know anything about Stratis.

Appreciate it percocet! We do not intend to specifically implement a scaling solution in the initial release of DNotes 2.0, though it will be capable of handling a higher TPS. The scaling issue is largely unsettled, and there are a multitude of options that require in-depth research and analysis. The most viable scale-ability solution has not been selected as of yet.
I think the scaling problem will be with cryptocurrency for a while yet. If everyone in the world, all 7.5 billion of us, made a transaction with DNotes five times a day, that would be 37.5 billion daily transactions added to the blockchain.

Assuming that we won't wait more than a minute per block, that is still 26 million transactions per block forged each minute. And if each transaction uses as much memory as it does in bitcoin, the blockchain will grow by 11GB per minute.

The way blockchains are currently structured, you need access to the last time an address was used before you can confirm that address owns the value being transacted. If you wanted to spend value from an address that was ten years old, not even what many would consider long term savings, it would have to go back through 60,359 terabytes of data.

So even if the scaling issue was resolved to enable an 11GB block to be forged every minute, the nodes would have a very hard time keeping up with the data transfer rate. And the total size of the blockchain would become unworkable very quickly. I don't think even Moore's law will get us out of this one.

I believe the final solution will borrow heavily from video compression. Currently each wallet value is being stored as a transaction somewhere way back in the blockchain, in a series of transactions. Instead, the optimum blockchain will hold all wallets in parallel. At the start of each day, a new 'keyframe' of wallets will be generated from the previous 24 hours of transactions. Then through the day, each transaction will layer on top of that wallet's keyframe location. And each block will be partitioned based on localised transaction groups, and nodes will calculate partitions in parallel.

This will mean that only the previous hash, the last keyframe, and subsequent transactions will need to be stored by a node. And local transactions can be processed very quickly in a way that is necessary for face to face purchases. While distant transactions can take longer, which is already well tolerated.

While this might be a great final solution, people tend to solve the problem in front of them, not work backwards from the endgame. So I'm expecting to see the 'scaling problem' go through many iterations before we see general acceptance of a single cryptocurrency for daily trading. But if DNotes were to implement the endgame solution now, it would certainly give them a tremendous point of differentiation. I can just see it now, "DNotes, scales to ubiquitous world-wide daily transactions."

Thank you TimMarsh for the insightful post. We agree that many of the existing proposed solutions are not complete. SegWit is a very creative approach to reducing data which allows for more transactions. Without an agreed ideal solution for the endgame (for all parties involved) as you mention, I think it is an excellent compromise and interim solution for the next step in solving these problems as Bitcoin needs a solution now. You're right, it may not be long before Bitcoin has to revisit this problem, and it will be excellent if the DNotes team is able to demonstrate a solution before it becomes it becomes a necessity again.
legendary
Activity: 1610
Merit: 1060
By doing the right thing at the right time, DNotes will be the trusted digital currency in global commerce.
 DNotes is uniquely .Now,all the adltcoin drop a lot.I believe that the DNotes will goning back!



Thank you for your confidence in DNotes and our team. You are correct that we always believe in doing the right thing at the right time. It is also important to do it the right way. That is part of the process to build DNotes as a trusted brand. Trust is invaluable, especially in financial services involving other people's hard-earned money.

No individual or group of individuals can gain exclusive control of any decentralized coin. A successful attempt will render the coin worthless, because everyone will abandon their "at will" ownership. A coin with only a handful of participants is worthless.

Consequently, DNotes is managed as a business, but not controlled as one. However, we also recognized right at the beginning, that decentralized organizations are leaderless and "at will" ownership promotes self-interest to accomplish short-term individual gain. Activities are random and at time, destructive and chaotic. We have seen that played too many times already. Mass acceptance, at its current form will not happen. There got to be a better way

There is no doubt that we are witnessing the greatest technology revolution in human history - one that has many world-changing implications. We can exploit it only for personal gain or take this as a generational opportunity to help change the world, even slightly, by making the opportunity accessible to anyone globally to participate. We pick the later and committed to build DNotes as a trusted digital currency with a purpose to the benefits of everyone.

Deviating from the norm is often a costly choice, especially over the shorter term. It takes time, money, and massive efforts to build out our ecosystems. It takes more than just a "white paper" with stunning graphics. We have successfully completed projects after projects that are verifiable serving real-world functions. They are our building blocks - all strategically linked and scalable rapidly to meet global demand at the right time. We believe that the true value of DNotes will be fairly reflected one day.

More people are beginning to discover DNotes. We are uniquely different. I strongly recommend that you check out the following links and ask any questions you may have. We are searchable, researchable, and verifiable:

http://dnotescoin.com/

http://dnotescoin.com/ceo-cfo-magazine-interview-with-alan-yong-co-founder-ceo-dnotes-global-inc/

legendary
Activity: 1610
Merit: 1060
Wow, thanks so much for the thorough responses! I have to say this could very well be the most professionally managed thread in all of Bitcointalk  Smiley

How about speed/scalability? I assume one of the advantages of Stratis is that it doesn't suffer from the same TPS and block size bottlenecks that Bitcoin faces? I have to admit I don't know anything about Stratis.

Appreciate it percocet! We do not intend to specifically implement a scaling solution in the initial release of DNotes 2.0, though it will be capable of handling a higher TPS. The scaling issue is largely unsettled, and there are a multitude of options that require in-depth research and analysis. The most viable scale-ability solution has not been selected as of yet.

Thank you, percocet. We are mindful that our industry lacks trust, integrity, professionalism, and dedicated leadership. Often there is no cohesive vision or truly long-term commitments to promote a unity of purpose to the mutual benefits of everyone. We constantly examine each and every major issue or problem, (both technical and social) confronting our industry and DNotes. The scaling constraint is one of the majors issues we are committed to solve. There are multiple solutions. As a matter of discipline, we are taking our time to pick the best path leading to the best solution. Again, our ecosystems, especially DNotesVault, will offer us a superior advantage.

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