Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 343. (Read 148866 times)

Chase, very well said. At DNotes, doing what is right and one that will benefit the most people is far more important to us than being "successful" quickly. I always believe that doing the right thing, the right way, at the right time with an admirable purpose is one of the most important contributors to business success. 

You are correct, Wiser. As our industry matures, new participants will be more sophisticated and better financed. DNotes is amazingly well positioned and will be among the most innovative leaders - both in technologies and in business. We also believe that we are seeing the beginning of an influx of professional investors where due diligence is a pre-requsite in evaluating the commercial potential of their investments. This is particularly the case with managed funds. We are mindful of some very high bars to be measured up against and will position DNotes to be in the best position in serving this potentially massive target.

I agree, we don't need any more burdensome regulation that puts a stranglehold on the industry. My point was that most of the current projects are not following the existing legislation that covers crowdfunding and/or the 'cast-a-wide-net' laws in place to cover anything that acts like a security. What will happen when the SEC or some other financial enforcement agency tells them they are operating in violation of the Securities Act? And... any further regulation should protect the consumer by targeting the scammers!

Wiser, it is because of people with lower incomes that I am so passionate about making a trusted cryptocurrency available to everyone. I would love nothing better for them to be the first investors in DNotes so they would see the biggest financial reward. You have a level of experience that allows you to understand what these projects can and can't deliver. People who are new to cryptocurrency don't, and in my humble opinion, the ICO frenzy (as it stands right now), is a dangerous place to put their limited investing funds. It is difficult to do due dilligence when you don't even know what it means, and especially if you are new to this industry. Insert education here -  

The answer for these people is DNotes NextGen VC platform, knowing that it "has consumer protection mechanisms in place that ensure correct value proposition is communicated for all investment projects."

Hi Finist4x, welcome to the forum!

DNotes 2 will be an automatic conversion if you hold your coins at our DNotesVault - www.dnotesvault.com

If you do not hold your DNotes there, you can send them there for automatic conversion at any time in the future. We are working to make the switch as easy as possible.

How to exchange DNotes1 for DNotes2  ?    ... Is there a Russian branch?

I agree that providing education on how the cryptocurrency industry works and how to read and interpret things company financials and sound economic principles in general would be an awesome contribution.

I'm not in any way endorsing entities who are fundamentally scammers, as in raising funds through ICOs and whatnot with no intent to ever deliver.

I am grateful for the increase in financial investment opportunities made available to people with lower amounts of disposable income. I hope no government regulation takes that away out of any intention to "save us from ourselves," such as by assuming that because we have only small amounts to invest that we have to be ignorant about what makes investments work. I know I personally have appreciated the increased opportunities and I have learned a lot through the experience. One of the things I've learned is that as a general rule, don't buy the ICOs, instead wait for the coin to hit the market because 99% of the time the price will drop and there will be good buying opportunities provided the fundamentals are good. Another thing I've learned more recently is don't buy it if it's "just a coin." Right now, being just a coin is not enough. Any new coin is going to have to be an entire ecosystem complete with value added infrastructure in order to make it. DNotes was very forward thinking in pioneering this concept at a time when it was still possible to launch "just a coin." But now you have Steem, NEM, Diamond, and Ethereum standing out precisely because they are more than just coins.

Over time industry best practices should form, with or without said regulation. People learn to sieve through the rubbish, and ventures that offer, for example, private contracts to enforce consequences regarding fiduciary responsibility for all investors (we have smart contract capability to become more mainstream too), along with financial reporting should make the best investment decisions much more obvious. All the money will flow into better performing and more trusted platforms - like say, DNotes NextGen VC platform, and every other venture will be forced to emulate the model to attract the serious investors, or come and see the benefits our service will provide.

The incentives to do it properly already exist, just most people don't 'see it' - these people certainly are not any central authority like the government.

Very well said TeeGee!
The prevalent, but misguided attitude in cryptocurrency is that it is 'different this time' and there is no need for any regulation or financial reporting, as the whole industry will just govern itself.
The rate of failure will also stay the same as in all the other startup booms - 90% will fail. Almost 30% of the failures will be because they ran out of money! $300 million collected for a whitepaper and a promise, and there is a 30% chance the money will be gone before the project is done??

It's absolutely crazy that an ICO like Storj can generate this type of "market capitalization", which is backed by absolutely nothing. No company profit, not even tied to the companies FUTURE profits, lol!

"Instead, the tokens’ value derives from their utility in the firm’s app, by providing access to data storage on a distributed network. They are the latest entry in the growing ledger of cryptocurrencies, digital coins that unlock myriad apps across the computing world. The coins are tradable on dozens of online exchanges and demand for all sorts of them has exploded as people speculate on the next big tech startup."


Ahem, no. What they're actually saying is that a lot of people saw the value in making advanced payment for the use of a platform before it has even been developed. It's as though somebody wrote a whitepaper for Netflix, and then said to a bunch of people "do you want to prepay like 5 years worth of TV in advance? There COULD be a potential upside if people speculatively trade them... [or they could become worth nothing]" - yup that sounds a great gamble to take for value proposition - just rely on the whims of altcoin and crypto-asset traders, and your ability to discern the 'top' of the bubble.

here are many clear advantages to doing an ICO - no minimum capital injection requirements being one of them, as Wiser mentioned. But the people that only have these lesser amounts of capital to invest are not the kind of people skilled in discerning good investments from one another, and are likely younger people who have never read a company's financial report. The issues here represent a maturity issue for ICO issuance. The solution is better education, of which this forum, and our media outlets are designed to provide.

One potential idea would be the formation of a crypto investment group that does this due diligence for people and makes recommendations to its members... (DCEBrief service perhaps, anyone?), but all of this will be solved by the time DNotes launches NextGen VC services, and has consumer protection mechanisms in place that ensure correct value proposition is communicated for all investment projects.

Blockai Raises 950K, Rebrands as Binded

https://dcebrief.com/blockai-raises-950k-rebrands-as-binded/

Okay thanks for the replies, I just wasn't sure if I missed it or not so thankfully I haven't. I'm really looking forward to the new changes and have been buying up as many DNotes on Cryptopia as I can ready for when the new POS wallet is released so then I can start staking and earn staking rewards. Keep up the great work and I look forward to a bright future with DNotes.

That's an interesting article. One point the article isn't making quite blatantly is that cryptocurrencies allow people with small amounts of money to invest into the game. To be a VC, you have to already have a net worth of at least a million dollars. But with digital tokens anyone who wants to can put in a thousand dollars or less and see where it goes.

My personal experience is that unless the ICO is structured carefully (and most aren't) the price of the tokens will drop from ICO price once the coin hits the market. So, even if I think the coin is a good project, I usually wait until it goes on the market before I buy in. Often there is a fairly rapid correction and then you can buy in at a nice low.

The standard investment advice applies here. Only invest what you can afford to lose. Although I agree that ICOs are happening more often than perhaps warranted, I'm glad that people with good ideas have found an easier way to raise money and I'm glad that people can invest as much or as little as they want without having to prove to some regulatory agency that they are worthy of it. There's a lot more freedom for small income people to have some of the same opportunities that used to be reserved only for the wealthy. But with that freedom comes responsibility. Before investing you have to do your due diligence and make sure that you are investing in something that has a chance of succeeding. If you make a mistake, then learn from it. Only invest what you can afford to lose. If you are raising funds, then be responsible with them and make it your priority that your investors get ROI.

It is difficult to argue that the ICO market is out of control. I doubt if very many of them are even aware (or care) of the specific regulations they may be subject to. I don't know anything about the particular ICO example in the article, but what the author said about it did catch my attention:

"...raised US$12.5 million in 12 minutes on April 24, resulting in a market cap of almost US$300 million. It’s generated no revenue and has little more than a white paper describing what it intends to do. Yet its tokens, which would allow users to bet on things such as election outcomes, soared eightfold in the three weeks since May 2, giving it a valuation of over US$2 billion"

Silicon Valley’s hot new way of investing is through an ‘initial coin offering,’ but it comes with a catch

http://business.financialpost.com/investing/silicon-valleys-hot-new-way-of-investing-is-through-an-initial-coin-offering-but-it-comes-with-a-catch

Now listed on CryptoID - for block explorer services.



https://chainz.cryptoid.info/note/

Welcome to DNotes, Chevas. I had extensive working relationship with Microsoft in the past when I was the CEO of Dauphin Technology and have no doubt that they will be a great partner of DNotes one day. However, we like to take our development further before involving other strategic partners.

Developing 100% in C# and Microsoft .net platform will open a lot of doors for DNotes, especially in the corporate world. Additionally, we will be more streamlined and much more efficient in our future development. We are committed to be an innovative technology leader in our industry and welcome interested and qualified individuals to email us at: [email protected]
We appreciate your interest and look forward to hearing from you.

Excellent! That is a significant prize, congrats!

Hi erikalui, we are holding off on doing OP translation bounties at the current time.

Also, we intend to notify everyone with an account at the DNotesVault of the change and when it will happen via email.

Welcome Chevas, thank you that is certainly a consideration. We are always looking to expand our team, would you be able to send me an email at [email protected] with some of your background and strengths, as well as what areas you would be best able to help in?

Hi vella85, when DNotes upgrades to DNotes 2.0 (POS), your retirement account will be unlocked without penalty and with all accrued interest. At which point you can withdraw your DNotes as normal.