Tons of interesting news coming out amongst severe recent price decline.
The bot is really cool -- being able to trade any pair on Bittrex and Stex is a very handy tool. It's a great demonstration of how DNotes pay can work, and I can only look forward to a shop full of partner products where software companies add DNotes pay as an additional accepted currency for their product.
Yeap, I lost from the drop, but I believe that from that type of terrible falls, I will learn lots of things from them, and those falls will play important role in my life in future.
Dnotes pay worked fined.
Welcome motienvolam, the markets have had a significant impact on everyone recently. I hope you get the opportunity to recover from your losses.
Thank you for testing out DNotes Pay, we greatly appreciate it!
Thank you, motienvolam,
I certainly hope that there are lessons learned from this worst correction in our industry’s history. Market value declines of (90% to 95%) are common. Blockchain Hedge Funds may be losing 50% to 75% of their invested capital, with some rumored to be closing shops.
It is not pretty, and the worse is not over. SEC law enforcement on ICO tokens could drag on for a few years. This will put a damper on our industry.
I went forum hopping the last few nights, to get a more personal feel of the state of our industry. Painful – to put it bluntly. Many of the bitcointalk forums I frequented before are almost deserted. Many seemed to be caught by surprised, but the level of blame game and infighting appeared to have subsided. Obviously, the level of energy has declined noticeably.
Reasonable people should have predicted this. I am sure more than a few of us did. But overall even reasonable people could be wishful at time. If we were one of those to get rich quick, we could always come up with a few reasons to make it justifiable.
In the real world, true value cannot be created out of thin air. Great ideas are not worth much. (I price them at around a dime per dozen). For a pretty good idea – I would pay for your cup of coffee if you would pay for the tips.
Our industry has a serious valuation problem – sometimes it defies logic. Unproven ideas, with the right promoters have been valued by the $100s of millions, sometime $ billions.
Love and hate are divided by a thin line. It can be taken to the extreme end of the spectrum, in frustration, fear, and confusion. Although we are losing retail investors by the wave, I hope that we will not ended up with more haters. We must stand up to protect the technology which I truly believe presents a generational opportunity for everyone worldwide.
As I have said before “The Culture of our industry Sucks, but the Technology is Awesome.”
Since the day of launch on February 18, 2014 one of our missions was to cultivate a different culture – one of trust and respect. We have done very well in that regards and will continue that tradition for generations to come. We are most grateful to all of you for your support and inspiration to make this possible.
Possible lessons learned:
Ideas by themselves are not worth much. Don’t just follow and be sold on hype and pipe-dreams. Do your home and focus on facts that a verifiable.
Investors do not like uncertainties. It leads to desertion and extremely caution.
We live in a world governed by the rule of law. And that will not go away.
Trust is invaluable in financial services. If we were to disrupt banks and financial services, we must be more trustworthy than them. So far, our industry has done worse, not better.
We believe that the technology is awesome. The industry may be taking a pause, but at DNotes, we are going full speed ahead – taking a very different route since day one.
In stead of showing off “great ideas” we have been building great projects CryproMoms (evolving to become “HERO”) DNotesVault, CRISP Reward, DCEBrief, and my book “Improve your Odds – The Four Pillars of Business Success, and more.
HAPPY THANKSGIVING to You ALL!