Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay - page 85. (Read 148866 times)

That is correct, there are many factors surrounding cold staking. Another fork and making sure we include everything we can for that fork, funding timeline, DNotesVault. My best guesstimate is early 2019.

Your guess is as good as mine Amadeus! I would assume that it is largely dependent on smooth integration with the Vault, because while the software for delegated proof of stake already exists, it would be safe to say that incorporating it with the vault back end will be a tremendously large job for our software development team.

I'm really excited about cold staking feature Do you maybe already have any approximate date at which that feature could be implemented?

Here is an interesting statistic for everyone, and one that highlights the importance of staking. Here is how many coins (as a % of total supply) you would need to 51% attack the following POS coins:

Blackcoin has 23.9% of their total coins staking, therefore you would need 24% of all Blackcoin to successfully perform a 51% attack and become the sole validator of transactions. https://chainz.cryptoid.info/blk/#!extraction

Navcoin has 27.1% of their total coins staking, you would need 27.2% of total outstanding supply to perform a 51% attack. https://chainz.cryptoid.info/nav/#!extraction


Stratis has 35.6% of their total coins staking, you would need 35.7% of the total outstanding supply to perform a 51% attack. https://chainz.cryptoid.info/strat/#!extraction

DNotes has 53.2% of total coin supply staking, therefore it is mathematically impossible for an outside user to accumulate enough coins to perform a 51% attack against DNotes. https://chainz.cryptoid.info/note/#!extraction I would imagine the % of total coin supply that is staking will skyrocket once DNotes implements cold staking and all DNotes stored on the vault become stakable by deferring rights to a hot wallet.

Bitcoin Market Share have been doing some great stuff for promoting DNotes, and we're very appreciative of their efforts.

We should have a chat about figuring out some exclusive and tailored content to DNotesEDU. Something that could be a valuable resource across the ecosystem and to the general public, and thus drive even more traffic your way.

We can only hope! Tim we will absolutely require your help in our next stages, that would be greatly appreciated. This fall and winter the DNotesEDU website will undergo a massive facelift, to give a more user friendly experience. We will be following in the footsteps of Four Pillars of Business Success, creating a wide range of multimedia based on our existing content, and delivering it in a way that is easy to digest.


Post Script - I forgot to mention BitcoinMarketShare in the initial post; they have been instrumental in driving traffic to DNotesEDU.com over the past few months, referring us as many average daily viewers as some of the leading social media sites.

I'm loving the organisation and expansion plans that I'm seeing here DNotesEDU. Naturally, I will be available to assist however I am able. At this rate, you'll be building an entire university!

Hello all, hope everyone had a great weekend.

DNotesEDU has been getting some attention from other educational sites, and we are currently working on developing strategic cooperative partnerships with other online educators (who reach out to us). DNotesEDU received requests to feature content from PixelPrivacy.com https://dnotesedu.com/digital-currency/cryptocurrency/#cryptography, and LendEDU.com https://dnotesedu.com/2018/07/lendedu-com-the-physical-social-impact-of-credit-card-debt/. Both of these sites mesh very well with DNotesEDU's philosophy of putting consumer protection first, and are experts in their respective fields of cybersecurity, and lending.

On another note, DNotesEDU will be rallying with other members of the core team very shortly. We will be discussing strategy, and how DNotesEDU can best benefit DNotes stakeholders. Expect a board of directors to be appointed soon after. At that point things will begin to move very fast for us, and we will hone focus upon utilizing DNotesEDU to add more value to the broader DNotes ecosystem.

Though we frequently receive glowing comments about the level of service and protection provided at the DNotesVault, we also occasionally receive a comment critical of the additional security steps and time involved in making a withdrawal. I can certainly relate to that concern, so I wanted to take a minute to explain in a bit more detail the DNotes model, how DNotesVault fits into that model, and why it benefits every user whether they use the service or not.

DNotes’ Holistic Approach

DNotes takes a holistic approach to digital currency, recognizing that every individual component - including every user and service on the network - has an impact on the system as a whole. This is why our unique cross-ownership model is so important to DNotes Global. The model ensures the entire system works as one cohesive machine, empowering us to offer greater services to our community – services like the DNotesVault.

You may recognize this systems approach, especially if you’ve read DNotes founder Alan Yong’s book: “Improve Your Odds: The Four Pillars of Business Success”. The principles outlined in the book are critical to the future of DNotes and DNotes Global, serving as a rule book of sorts and providing the guiding principles for DNotes and DNotes Global.

DNotesVault Benefits Everyone

Regardless of whether you choose to use DNotesVault to store your DNotes, the service benefits all our stakeholders. The fact is that most people naturally take the path of least resistance. By making it easy to safely store DNotes in cold storage at the DNotesVault, fewer people will end up storing their DNotes in locations where they are at a higher risk of being stolen - such as exchanges or wallets that are not properly secured. Stolen coins pose a huge risk of being dumped on the market without any regard for everyone else on the network.

More Than Money

It's not just the price and market that is impacted by stolen or lost coins, but the user experience of everyone in the community. Imagine investing your hard-earned money to buy some DNotes only to see them lost or stolen!? If the lost sum was a significant amount of money, you would be much less likely to continue to use and trade DNotes because you would no longer trust its underlying security. DNotesVault helps to preserve that trust, for everyone’s benefit.

Manual Review, Confirmation, and Additional Hold

Cold storage and account security are not enough to ensure the protection of your coins in every instance. That is why we intentionally have a hold time, undertake a manual review and audit of withdrawing accounts and recent history, and sometimes even require manual confirmation before releasing your funds from the DNotesVault.

It is our view that mass adoption requires simplicity, and that before we worry about simplicity, we need the best security.

Options and Choices

None of that means that you are without choices, however. While our goal is to provide an online vault environment that offers maximum protections for your hard-earned holdings, we also recognize that some users may feel comfortable managing their own assets outside the vault. There are options that you can use to forgo the security features offered by the DNotesVault, including our Electrum Wallet and Desktop Wallet. These options provide quick access and full control over your funds.

The main point is that DNotesVault was designed and created to serve as a safe and easy-to-access coin storage and management option for our users. Our goal was to simplify DNotes account management in a way that removed technical burdens while maximizing coin security and user peace of mind. However, that additional protection does involve a compromise, trading some speed for security. As time goes on and these systems continue to evolve, we expect to eventually offer a solution that combines speed, security, and user control.

Though we frequently receive glowing comments about the level of service and protection provided at the DNotesVault, we also occasionally receive a comment critical of the additional security steps and time involved in making a withdrawal. I can certainly relate to that concern, so I wanted to take a minute to explain in a bit more detail the DNotes model, how DNotesVault fits into that model, and why it benefits every user whether they use the service or not.

DNotes’ Holistic Approach

DNotes takes a holistic approach to digital currency, recognizing that every individual component - including every user and service on the network - has an impact on the system as a whole. This is why our unique cross-ownership model is so important to DNotes Global. The model ensures the entire system works as one cohesive machine, empowering us to offer greater services to our community – services like the DNotesVault.

You may recognize this systems approach, especially if you’ve read DNotes founder Alan Yong’s book: “Improve Your Odds: The Four Pillars of Business Success”. The principles outlined in the book are critical to the future of DNotes and DNotes Global, serving as a rule book of sorts and providing the guiding principles for DNotes and DNotes Global.

DNotesVault Benefits Everyone

Regardless of whether you choose to use DNotesVault to store your DNotes, the service benefits all our stakeholders. The fact is that most people naturally take the path of least resistance. By making it easy to safely store DNotes in cold storage at the DNotesVault, fewer people will end up storing their DNotes in locations where they are at a higher risk of being stolen - such as exchanges or wallets that are not properly secured. Stolen coins pose a huge risk of being dumped on the market without any regard for everyone else on the network.

More Than Money

It's not just the price and market that is impacted by stolen or lost coins, but the user experience of everyone in the community. Imagine investing your hard-earned money to buy some DNotes only to see them lost or stolen!? If the lost sum was a significant amount of money, you would be much less likely to continue to use and trade DNotes because you would no longer trust its underlying security. DNotesVault helps to preserve that trust, for everyone’s benefit.

Manual Review, Confirmation, and Additional Hold

Cold storage and account security are not enough to ensure the protection of your coins in every instance. That is why we intentionally have a hold time, undertake a manual review and audit of withdrawing accounts and recent history, and sometimes even require manual confirmation before releasing your funds from the DNotesVault.

It is our view that mass adoption requires simplicity, and that before we worry about simplicity, we need the best security.

Options and Choices

None of that means that you are without choices, however. While our goal is to provide an online vault environment that offers maximum protections for your hard-earned holdings, we also recognize that some users may feel comfortable managing their own assets outside the vault. There are options that you can use to forgo the security features offered by the DNotesVault, including our Electrum Wallet and Desktop Wallet. These options provide quick access and full control over your funds.

The main point is that DNotesVault was designed and created to serve as a safe and easy-to-access coin storage and management option for our users. Our goal was to simplify DNotes account management in a way that removed technical burdens while maximizing coin security and user peace of mind. However, that additional protection does involve a compromise, trading some speed for security. As time goes on and these systems continue to evolve, we expect to eventually offer a solution that combines speed, security, and user control.

This is great. You've been saying this since the first DNotes block was hashed in 2014 and DNotesVault built in 2015. Hope you don't mind that I took the liberty of turning this into a blog post on DNotesEDU.

https://dnotesedu.com/2018/08/dnotes-holistic-approach/