Hi !
DNotes added to EZPool.net---========= miner settings ========--- stratum+tcp://eu.ezpool.net:2772 Username: your_dnotes_address pass : x ================================= Good luck ! Thanks lionmax! EU servers? |
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Be sure to drop in with your best wishes this Sunday. It's DNotes 4th anniversary. Looking back, it's amazing what we have accomplished.
Has it already been four years?  ? I can hardly believe it! I *love* how some of the promising new coins I picked up are now *old* coins with a solid track record. I really love the way your team is so strategic and takes a long view not only of coin prices but of the emerging block chain technology. As for the US Government's current hesitation on regulating cryptocurrencies, I see that as a very positive sign. No one wants to jump the gun and do something stupid, so they're taking the time to gain necessary knowledge of the industry and also see how it develops organically. There are a lot of great developments still in their infancy that could be easily squashed by the wrong sort of regulation, and it seems our lawmakers have some awareness of this. It is hard to believe it has already been four years. We have accomplished a lot and we are working diligently on many exciting projects. I ran across this video again, it's worth another watch even if you have already seen it: DNotes - Backed By Business https://www.youtube.com/watch?v=D8jKBJx0ikMRegarding the hesitation on regulation, although uncertainty can slow down progress, it is great that they are taking their time to really make sure they understand what is happening in the industry before taking action. It is definitely a good sign. |
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Welcome Geekxplore, thank you for the write up! 1 recommendation for your article: I think "would include poker" is a typo or included by accident. Otherwise great brief summary! |
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Been lurking for a while on here. Really like the angle DNotes took in approaching funding and crypto in general.
Are there any plans to get marketing / more community involvement? At the moment the subreddit is totally dead and discord seems to be the primary avenue of communication these days (for good reason) where Dnotes has no presence at all. Any plans on stepping up on those fronts around the time of the launch of DNotes 2.0 next month?
Welcome doctorlw1, thank you for your interest in DNotes and suggestions. Appreciate the reminder on Reddit, I had a few updates to send over there. We do have plans for an aggressive marketing plan scheduled for our fundraising efforts and the release of DNotes 2.0. Discord - I've only looked into it briefly. It appears to be designed as a IRC / TeamSpeak / Conference type platform and seems to be a good place to send people to chat. The question is, is it worth spending resources there? How does it benefit DNotes? and, How much does it benefit DNotes? It would be very low cost / minimally resource intensive for DNotes to maintain a Discord channel as most of the heavy lifting would be done by the community itself. Obviously one employee at minimum would need to update announcements, be around to answer occasional questions, tech support.. but that's no different than maintaining a presence on bitcointalk. Yes, IRC/Teamspeak is a pretty accurate depiction. The biggest advantage is it allows the community to interact with each other very easily as well as provide an easily accessible centralized location for the most up-to-date information. Most discord channels are arranged as some variation of the following: # announcements (official announcements and links) # rules # faqs # general chat # support (for wallet issues, etc) # business / development # trading (for people to talk about price and not clog up other channels with more in depth discussion) # alternative languages # anything. I've seen a number of creative uses with these channels. A strong community is key to growth and while the DNotes bitcointalk presence is a good one, a discord channel is really key to organically growing a community. I've noticed that telegram is starting to take a back seat to Discord as people realize it's just a much better platform. I think the uses will be readily apparent if you look at some successful discords, a couple great examples of active and well run discords are (among many others): Nano https://discordapp.com/invite/JphbBasElectra - which has really taken a community coin to the next level with creative uses of Discord https://discordapp.com/invite/B8F7JdvI don't think it's necessarily a priority now, but as DNotes 2.0 get's closer to launch next month and interest starts picking up I wouldn't be overlooking a very cheap, cost effective way of attaining organic community growth. Electra in particular has been good at taking advantage of the community by quickly organizing the members to go and vote to get listed on exchanges (they almost always win community vote now). Excellent! Thank you for the detailed information! Those are great examples, I can see there is some really good engagement. What we may need at some point is dedicated community / social managers to branch out into these avenues. |
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Here is the current checklist. I encourage everyone to contribute. Looking good DNotes team! A couple ideas I have, that might already be part of the plan; An address book for the DNotes vault. I have many friends and family that use the vault, and it would be nice to be able to store their address so we don't have to ask each time we want to transfer. A basic phone app, if security would allow. Just a simple way to access our vault, maybe with withdraw limitations. A way to transfer DNotes within the vault, and on the blockchain. Also, maybe a shapeshift type application within to exchange currencies on the go. It's all coming together nicely. Exciting times for the DNotes community. Thanks for all the hard work Joe, Alan, Tim, Kevin and the rest of the team. Appreciate it Dan, good suggestions. Mobile definitely needs to be on the list. Shapeshift integration is a great idea as well, once we release DNotes 2.0 and start marketing it as well as getting listed on some of the bigger exchanges will be natural. |
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Here is the current checklist. I encourage everyone to contribute. |
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Been lurking for a while on here. Really like the angle DNotes took in approaching funding and crypto in general.
Are there any plans to get marketing / more community involvement? At the moment the subreddit is totally dead and discord seems to be the primary avenue of communication these days (for good reason) where Dnotes has no presence at all. Any plans on stepping up on those fronts around the time of the launch of DNotes 2.0 next month?
Welcome doctorlw1, thank you for your interest in DNotes and suggestions. Appreciate the reminder on Reddit, I had a few updates to send over there. We do have plans for an aggressive marketing plan scheduled for our fundraising efforts and the release of DNotes 2.0. Discord - I've only looked into it briefly. It appears to be designed as a IRC / TeamSpeak / Conference type platform and seems to be a good place to send people to chat. The question is, is it worth spending resources there? How does it benefit DNotes? and, How much does it benefit DNotes? |
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Happy Valentines Day all!
Working on a checklist, broken down by Accomplishments, In Progress, Wish List / Future Projects, and Long Term Goals. This will also be included in the white paper. Currently there are 60 items in total, if you would like to contribute let me know.
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Interesting project. I will follow this one closely.
Hi JanCoppens, welcome to the DNotes forum! |
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Just for a little more clarification for the CRISP; Today, before the launch of DNotes 2.0, the only way to earn interest is to enroll in the retirement plan at either a 5y,10y, 15y or 20y plan? There's no interest accrual by just storing your DNotes in the vault? When DNotes 2.0 is launched, this will change by not having to enroll in CRISP, but just to HODL in the vault? Then additionally, we'll be able to stake our coins from the same vault account? Hey Denver Dan, "the only way to earn interest is to enroll in the retirement plan at either a 5y,10y, 15y or 20y plan?" The retirement bonus balance is currently depleted: "we provided incentives for getting involved and saving DNotes, including a 1,000,000 DNotes bonus to be paid to retirement accounts as bonus interest.
And so far, it’s been an incredible success story for everyone involved. The retirement program was so successful that the bonus balance was depleted well ahead of the intended target of 5 years.""There's no interest accrual by just storing your DNotes in the vault?" That is correct. "When DNotes 2.0 is launched, this will change by not having to enroll in CRISP, but just to HODL in the vault?" Not just in the DNotesVault, but it could be in your own wallet. What happens to those CRISPs when DNotes 2.0 launches? There’s good news on that front! Because our CRISP programs have become such a popular feature for DNotes stakeholders, we have decided to expand its benefits. The future of CRISP will feature automatic blockchain distributions, made in two ways: 0.166% after 30 days and 4% after 365 days.
Best of all, DNotes stakeholders won’t have to do anything new to earn those distributions. They only need to maintain their DNotes at the DNotesVault or in their own secure wallet - and hold them for the designated period required to receive interest payments. That’s it! No special terms or difficult requirements to meet; they simply need to hold their DNotes to earn interest!"Then additionally, we'll be able to stake our coins from the same vault account?" Once deferred / cold staking is available, which may not be available for the first release of DNotes 2.0. |
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Seeing as the roadmap of 2017 was not completed, It would be awesome if you guys could update the roadmap so I can watch for important dates. I work with people who will be interested in your REG D. but we have to see the whitepaper and roadmap first.  That is a fair point. What we could do is do an add-on for the roadmap, in terms of a checklist and wishlist. The white paper and other appropriate documentation will be available for the fund raising efforts. |
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VIDEO UPDATE Hello everyone. I have received the final version of one of the videos I have in production. This video illustrates why DNotes Global is important to DNotes visually, in a brief video. It took more than 3 weeks full time work for the animator to complete it, we are very appreciative of his efforts. The next video to release will be our first overview video based on the DNotes Global pitch deck. DNotes Global -- Ecosystem Preview I have to say the video is quite impressive and the animations were incredible. However the video raised lots of questions. How do you guys intend to make Dnotes global big and successful? Also how do you plan on making the consulting business a success? Also for accredited investors where can we see the business plan and what secondary markets will it trade on if any? Welcome acryptodealer, those are great questions. We are working on the documentation for answering those questions in great detail as we speak, including a white paper and pitch deck. I would recommend the brief description I can provide here and now does not do the overall system justice, and it will take some research as well as waiting for our detailed documentation, but I will provide a high level description: DNotes is a decentralized digital currency and in order to make the decentralized digital currency useful in the centralized world it requires third party involvement to create a 'bridge'. DNotes Global, Inc. is the bridge, and the ecosystem it is creating are all parts and pieces of that bridge, but we took it a step further by creating a cross ownership model between the currency and the company to further increase the bond between them and the interest between the two. Currently as part of the ecosystem, we have several pre-revenue generating entities, they include: DCEBrief - a news and information media outlet that delivers objective and informative news on the latest developments in the world of digital currency. News is presented in the condensed format needed by busy executives, business owners, regulators, and other decision-makers. Aside from a platform to educate this group and others on truth versus misconceptions in the digital currency industry, DCEBrief will be an invaluable media resource for global coverage of all DNotes initiatives. DNotesVault - offers the familiar custodial relationship investors are accustomed to by providing all our stakeholders with secure, guaranteed online storage for their DNotes. With its likely future evolution into an exchange / bank, it will not only operate as a trusted facilitator of everyday transactions like automatic deposits and payroll deductions into our various CRISPs (Cryptocurrency Investment Savings Plans), it will be a financial cornerstone in global commerce and small business success. CRISP - Cryptocurrency Investment Savings Plans. Currently Kids, Retirement, Employee Incentive Benefits, Students. The Four Pillars of Business Success - Revenue from “The Four Pillars of Business Success”, a book written by Alan Yong in which he shares four decades worth of business expertise, will help fund future projects and provides valuable exposure for DNotes, our CRISP program, and the rest of the ecosystem. The Four Pillars member site is an affordable e-mentorship program that provides access to Alan and his team, additional resources, and materials that expand on the concept of the book. As well as the The Four Pillars of Business Success Membership site and Video Series. CryptoMoms - addresses a great need within the industry for accurate digital currency education, straightforward and unbiased news, and representation from women. CryptoMoms, launched by DNotes in 2014, provides a digital currency learning center not just for women, but for anyone that would like to learn or ask questions in a friendly and helpful environment. It will also act as a stepping stone toward adoption of DNotes by women’s small businesses. From there we intend to expand our ecosystem providing digital currency services and platforms as well as into NextGenVC. NextGenVC will be built from a model we will be using for DNotes Global Inc, to build a successful business, identify companies in need of help. Depending on the unique situation, potentially help them raise funds, train them using the four pillars business model and work with their staff, help them create DNotes CRISP programs for their employees, help them accept DNotes for payments and B2B in-network DNotes offerings, build DNotes and DNotes based blockchain applications that help utilize our platform to improve their efficiency. Here are some links for research reference: The DNotes story, which also Chapter 15 of the Four Pillars book: http://dnotescoin.com/the-dnotes-story-an-unfolding-big-bold-idea-of-global-scale/Tim's Podcast interview on the bitcoin podcast: http://dnotescoin.com/the-bitcoin-podcast-had-tim-goggin-from-the-dnotes-team-on-the-show-to-talk-about-dnotes/Alan's CEO CFO interview: http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htmThe DNotes roadmap: http://dnotescoin.com/dnotes-roadmap/Our blog: http://dnotescoin.com/blog-main-hub/I can recommend signing up for our newsletter at: http://dnotescoin.com/ When we release the documentation and videos with those greater details, our newsletter subscribers will receive them. Also, regarding your final question: We are at the early planning stages of two rounds of funding – Reg. D 506 (c) for $2.5 million, followed by Reg. A+ Mini IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide, within a 12-month period. We plan to have DNotes Global, Inc.’s common stock listed on OTCQX secondary market soon after the closing of the A+ funding round. I like that you guys are starting multiple ventures. Diversification of businesses seems like a solid plan, not all of them will work out, but the ones that do will hopefully make more than the ones that failed. It seems that you guys are trying to raise quite a large amount of money. I would love to see a detailed plan with how you will be utilizing all the investor money. It seems that Alan doesn't have a motive to steal, and would be incredibly stupid for doing so, but raising such a large amount of money raises a red flag in my eye. I checked out your guys roadmap from http://dnotescoin.com/dnotes-roadmap/ and I have to say you have some very ambitious goals. I liked the specificity of all the items on the roadmap. I would like to see some proof that you guys have followed through on all the things you said you would do in 2017 that way I can know if you are people who I can trust my money with. These are the items I would like to see proof of: -Change of codebase from c++ to c# (I checked github, but I'm not familiar with the differences between c++ and c# syntax so I could not discern if the code had been re-written) -Blockchain Integrated Payment Network (haven't seen this in any DNOTES announcements) -Governance System (I have not seen this in any recent Announcements) I'm not trying to attack DNOTES, I just have questions about what is going on in this community as I have not been following it closely. Thanks again for your thoughtful questions acryptodealer. We wouldn't treat reasonable and respectful questions as an attack. It's not just diversification, although beneficial, that is a side effect of creating a profit generating business system that will drive DNotes forward, and all of the components needed to make that happen. The amount of money raised is a drop in the bucket for creating a globally accepted digital currency and building out the ecosystem, without creating a profit generating business out of it, we don't stand a chance just resting on raising up to $50m. For comparison coinbase has raised something like $217m and that is essentially just to exchange cryptocurrency for fiat. To clarify, we are not converting to c# for the initial release of DNotes 2.0 and that conversion has become a lower priority, our top priority is getting DNotes 2.0 launched for our target of mid March. The top features for the initial release will be CRISP, automated invoicing system (the first layer of the overall payment network), and potentially cold staking. The other features, such as governance system, are on our list will be later releases. The DNotes github is indeed in c++. If you found the DNotes 2.0 github version, that is one we are working on for the next release, which is c++. We will update it as we finalize the current features we are working on. The finer details will all be listed in the white paper. Our white paper is not as much of a technical document as you may be familiar with, it will show a conceptual outline of our system and all the components. It may take a while yet, once Ken and I are finished with it, Alan will have to take his pass, then find help for improving the graphics and finally get approval from legal before we can release it. I like that you guys are moving, however there is a lot of mention of CRISP. I saw it had something to do with blockchain but an explanation from you on what CRISP is and what the retirement plan is would be great. I totally am on board for you guys raising money and starting a large operation, I just want to make sure I understand everything. Also I am really looking forward to the whitepaper even though you mentioned it isn't a whitepaper that I would be familiar with from the types of papers I have read from other cryptocurrencies. I will be publishing an article on CRISP and DNotesVault, either today or tomorrow. CRISP started as a Cryptocurrency Investment Savings Plan, the idea was started by Chase here on our forum, which are self directed savings plans implemented on the DNotesVault. This was a way to encourage savings in DNotes, while we are in the beginning stages of growth, and also a targeted outreach program by creating programs specifically for Kids, Students, Employees, Retirement. The CRISP for Retirement concept was a self directed retirement fund, where the DNotes team funded 1,000,000 DNotes to be paid out as a percentage to depositors based on the amount they deposited. The program became so popular the bonus interest was depleted much more quickly than the target of 5 years we had hoped it would last. Recognizing the tremendous benefit and interest in the program, we decided to incorporate it into the block reward structure of DNotes 2.0. |
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VIDEO UPDATE Hello everyone. I have received the final version of one of the videos I have in production. This video illustrates why DNotes Global is important to DNotes visually, in a brief video. It took more than 3 weeks full time work for the animator to complete it, we are very appreciative of his efforts. The next video to release will be our first overview video based on the DNotes Global pitch deck. DNotes Global -- Ecosystem Preview I have to say the video is quite impressive and the animations were incredible. However the video raised lots of questions. How do you guys intend to make Dnotes global big and successful? Also how do you plan on making the consulting business a success? Also for accredited investors where can we see the business plan and what secondary markets will it trade on if any? Welcome acryptodealer, those are great questions. We are working on the documentation for answering those questions in great detail as we speak, including a white paper and pitch deck. I would recommend the brief description I can provide here and now does not do the overall system justice, and it will take some research as well as waiting for our detailed documentation, but I will provide a high level description: DNotes is a decentralized digital currency and in order to make the decentralized digital currency useful in the centralized world it requires third party involvement to create a 'bridge'. DNotes Global, Inc. is the bridge, and the ecosystem it is creating are all parts and pieces of that bridge, but we took it a step further by creating a cross ownership model between the currency and the company to further increase the bond between them and the interest between the two. Currently as part of the ecosystem, we have several pre-revenue generating entities, they include: DCEBrief - a news and information media outlet that delivers objective and informative news on the latest developments in the world of digital currency. News is presented in the condensed format needed by busy executives, business owners, regulators, and other decision-makers. Aside from a platform to educate this group and others on truth versus misconceptions in the digital currency industry, DCEBrief will be an invaluable media resource for global coverage of all DNotes initiatives. DNotesVault - offers the familiar custodial relationship investors are accustomed to by providing all our stakeholders with secure, guaranteed online storage for their DNotes. With its likely future evolution into an exchange / bank, it will not only operate as a trusted facilitator of everyday transactions like automatic deposits and payroll deductions into our various CRISPs (Cryptocurrency Investment Savings Plans), it will be a financial cornerstone in global commerce and small business success. CRISP - Cryptocurrency Investment Savings Plans. Currently Kids, Retirement, Employee Incentive Benefits, Students. The Four Pillars of Business Success - Revenue from “The Four Pillars of Business Success”, a book written by Alan Yong in which he shares four decades worth of business expertise, will help fund future projects and provides valuable exposure for DNotes, our CRISP program, and the rest of the ecosystem. The Four Pillars member site is an affordable e-mentorship program that provides access to Alan and his team, additional resources, and materials that expand on the concept of the book. As well as the The Four Pillars of Business Success Membership site and Video Series. CryptoMoms - addresses a great need within the industry for accurate digital currency education, straightforward and unbiased news, and representation from women. CryptoMoms, launched by DNotes in 2014, provides a digital currency learning center not just for women, but for anyone that would like to learn or ask questions in a friendly and helpful environment. It will also act as a stepping stone toward adoption of DNotes by women’s small businesses. From there we intend to expand our ecosystem providing digital currency services and platforms as well as into NextGenVC. NextGenVC will be built from a model we will be using for DNotes Global Inc, to build a successful business, identify companies in need of help. Depending on the unique situation, potentially help them raise funds, train them using the four pillars business model and work with their staff, help them create DNotes CRISP programs for their employees, help them accept DNotes for payments and B2B in-network DNotes offerings, build DNotes and DNotes based blockchain applications that help utilize our platform to improve their efficiency. Here are some links for research reference: The DNotes story, which also Chapter 15 of the Four Pillars book: http://dnotescoin.com/the-dnotes-story-an-unfolding-big-bold-idea-of-global-scale/Tim's Podcast interview on the bitcoin podcast: http://dnotescoin.com/the-bitcoin-podcast-had-tim-goggin-from-the-dnotes-team-on-the-show-to-talk-about-dnotes/Alan's CEO CFO interview: http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htmThe DNotes roadmap: http://dnotescoin.com/dnotes-roadmap/Our blog: http://dnotescoin.com/blog-main-hub/I can recommend signing up for our newsletter at: http://dnotescoin.com/ When we release the documentation and videos with those greater details, our newsletter subscribers will receive them. Also, regarding your final question: We are at the early planning stages of two rounds of funding – Reg. D 506 (c) for $2.5 million, followed by Reg. A+ Mini IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide, within a 12-month period. We plan to have DNotes Global, Inc.’s common stock listed on OTCQX secondary market soon after the closing of the A+ funding round. I like that you guys are starting multiple ventures. Diversification of businesses seems like a solid plan, not all of them will work out, but the ones that do will hopefully make more than the ones that failed. It seems that you guys are trying to raise quite a large amount of money. I would love to see a detailed plan with how you will be utilizing all the investor money. It seems that Alan doesn't have a motive to steal, and would be incredibly stupid for doing so, but raising such a large amount of money raises a red flag in my eye. I checked out your guys roadmap from http://dnotescoin.com/dnotes-roadmap/ and I have to say you have some very ambitious goals. I liked the specificity of all the items on the roadmap. I would like to see some proof that you guys have followed through on all the things you said you would do in 2017 that way I can know if you are people who I can trust my money with. These are the items I would like to see proof of: -Change of codebase from c++ to c# (I checked github, but I'm not familiar with the differences between c++ and c# syntax so I could not discern if the code had been re-written) -Blockchain Integrated Payment Network (haven't seen this in any DNOTES announcements) -Governance System (I have not seen this in any recent Announcements) I'm not trying to attack DNOTES, I just have questions about what is going on in this community as I have not been following it closely. Thanks again for your thoughtful questions acryptodealer. We wouldn't treat reasonable and respectful questions as an attack. It's not just diversification, although beneficial, that is a side effect of creating a profit generating business system that will drive DNotes forward, and all of the components needed to make that happen. The amount of money raised is a drop in the bucket for creating a globally accepted digital currency and building out the ecosystem, without creating a profit generating business out of it, we don't stand a chance just resting on raising up to $50m. For comparison coinbase has raised something like $217m and that is essentially just to exchange cryptocurrency for fiat. To clarify, we are not converting to c# for the initial release of DNotes 2.0 and that conversion has become a lower priority, our top priority is getting DNotes 2.0 launched for our target of mid March. The top features for the initial release will be CRISP, automated invoicing system (the first layer of the overall payment network), and potentially cold staking. The other features, such as governance system, are on our list will be later releases. The DNotes github is indeed in c++. If you found the DNotes 2.0 github version, that is one we are working on for the next release, which is c++. We will update it as we finalize the current features we are working on. The finer details will all be listed in the white paper. Our white paper is not as much of a technical document as you may be familiar with, it will show a conceptual outline of our system and all the components. It may take a while yet, once Ken and I are finished with it, Alan will have to take his pass, then find help for improving the graphics and finally get approval from legal before we can release it. |
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For the next few days, and likely on and off for a while thereafter, I will be working on the white paper. Tim has gotten most of the information in there, and has done a great job describing how DNotes and DNotes Global Inc will work together as a system. Now it will be a matter of refining the text, the story, and the flow to make it easy to understand. Formatting, which we have decided to use a web page format for its flexibility and ease of sharing. Graphics and visual aids to explain complex concepts.
The goal, after reading our white paper, will be ensure the reader understands the whole system, the business model, and how all of the components work together and make sense as a entire system to make DNotes a globally accepted supplemental digital currency for the benefit of everyone.
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I like the points being made here by RJF and MiningHabit that far too many people are excluded from private equity funding stages of the business cycle. Everybody should be able to participate. That is one reason why I have so much respect for the DNotes approach, and why I'm absolutely certain we have taken the right path. Just like the tag line we have adopted in our videos going forward:
"DNotes - the inclusive digital currency, for everyone."
I share your values and sentiments that even small investors should be given the opportunity to invest in situations they see fit and not be deprived of those rights by limiting them only to accredited investors. As part of consumer protection, I am less concerned about limiting their investment to 10% of their annual earnings or net-worth. As you may know, DNotes Global has selected the more demanding funding program using Reg. A+ Mini-IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide. We could use Reg. D 506(c) to raise unlimited amount only from accredited investors. That is the most common funding vehicle at a significantly lower cost. But then, "DNotes - the inclusive digital currency, for everyone." Absolutely Alan! In order to maintain integrity, you have to "practice what you preach". Ignoring this is the downfall of so many startups and small, growing companies. In all fairness, yes, things always deviate from the the original plan but, I will argue, unless it is regulatory or legal, there is always a way to bend and reposition without loosing site of what attracted investors and customers in the first place. So many startups make the usually fatal mistake of abandoning their guiding principles and loosing site the goal when confronted with problems they see as insurmountable. It's always easier to give up or, compromise your principles to survive, but, in the long run there are no true rewards on that path. I absolutely love that comment RJF. In my view, success can be boiled down to the expression of one's vaunted principles and virtue. Many projects will likely fall by the wayside when they realise that institutional and user reluctance to use their products is the result of them taking an easy route, that has led to regulatory hurdles that can't be overcome but to begin again. Many in the ICO realm have gone with the 'easy route', that doesn't necessarily guarantee long-term success. The messaging in this forum has always praised the novelty and benefits that Initial Coin Offerings may offer, though we have always remained cautious on them with respect to our expectations of regulator responses to security checks that ICO's have historically circumvented. We have often discussed the need for sensible cryptocurrency regulation, and DCEBrief was created to aid these stakeholders as an education tool. Earlier today I submitted a proposal to one of the largest New Zealand public-sector organizations that is trying to increase their capability in the cryptocurrency space. The consultation document was created in response to a request forwarded to me that originated via the commissioner of the organization themselves, and it is my current understanding that my early session(s) may involve educating executives from other organisations / sitting board of directors. I am very privileged to be in a position to at least help out however I can in my corner of the world. The benefits of getting countries to one-by-one take sensible steps to understanding and making room for cryptocurrencies are enormous, and it is much better to get involved when the policies are being drafted, rather than after the fact. I think that New Zealand could become a huge market for DNotes, given that no cryptocurrency but NAV have a presence in the country, and all applications built in the country are created on proxy platforms like ethereum or outsourced to overseas firms, which mean less control and customizability for those organizations that commission development. That said, the first step is getting the regulations right. Allow me to deviate slightly here due to what you were saying about regulations. I wonder, how hard would it be for the SEC to create a seperate class for crypto ICOs? The regulatory structures already in place for IPOs could be culled and realigned while being repurposed to fit ICOs without an inordinate amount of work I would think. Something like "Crypto IPO Lite" for online companies. The regulations could be rather simple I would think, something along the lines of verification of the principles, some sort of bond (maybe depends on amount to be raised and final score for the project), proof of concept and usefulness of the end product along with a real white paper and business plan. Add background checks and proof of concept and permit them to raise some preset figure depending on scoring those items. Really not much work involved but the pre-qual would show commitment and follow through. It's really a shame that most of these ICOs start out with good intentions but get derailed or smothered in the amount of work required to bring their product to market. Perhaps an online ICO incubator could be available to assist with all the ins and out of turning a crypto idea into an online business. An incubator could also score a project in advance and help in making a decision to proceed or not. Just some thoughts. I like to take real world systems and project them into the crypto world. I think this will become a speciality and a profitable venture soon enough! Great work Tim, you are helping to shape our future and build an amazing network. I believe one day ICO can be regulated and exist in the centralized world. A light touch regulatory framework initially would be helpful to allow things to come together. This has to be very carefully planned from the side of the regulators, as a mistake could have dire consequences. This light touch framework could include, the ICO issuers would have to be responsible for ensuring the reporting of allowing users on the network only after they have verified themselves and met the outlined requirements. It would also require securities exchange rules that fall outside of existing requirements for those that exchange securities today. I don't see how it could happen without cooperation from many parties, and could take a long time to get to that point, as well as a period of time thereafter to bring it in line with existing regulations. " It would also require securities exchange rules that fall outside of existing requirements " Right! As I outlined above, this would be a different animal entirely. And due to the elastic nature of crypto, it would need to be flexible in all directions. I think it can be done with some effort and assistance of the crypto community, in fact, that part is mandatory! PS: Pool's front end is down. Got you, will let him know. |
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I like the points being made here by RJF and MiningHabit that far too many people are excluded from private equity funding stages of the business cycle. Everybody should be able to participate. That is one reason why I have so much respect for the DNotes approach, and why I'm absolutely certain we have taken the right path. Just like the tag line we have adopted in our videos going forward:
"DNotes - the inclusive digital currency, for everyone."
I share your values and sentiments that even small investors should be given the opportunity to invest in situations they see fit and not be deprived of those rights by limiting them only to accredited investors. As part of consumer protection, I am less concerned about limiting their investment to 10% of their annual earnings or net-worth. As you may know, DNotes Global has selected the more demanding funding program using Reg. A+ Mini-IPO Title IV Tier 2 to raise up to $50 million from accredited and non-accredited investors worldwide. We could use Reg. D 506(c) to raise unlimited amount only from accredited investors. That is the most common funding vehicle at a significantly lower cost. But then, "DNotes - the inclusive digital currency, for everyone." Absolutely Alan! In order to maintain integrity, you have to "practice what you preach". Ignoring this is the downfall of so many startups and small, growing companies. In all fairness, yes, things always deviate from the the original plan but, I will argue, unless it is regulatory or legal, there is always a way to bend and reposition without loosing site of what attracted investors and customers in the first place. So many startups make the usually fatal mistake of abandoning their guiding principles and loosing site the goal when confronted with problems they see as insurmountable. It's always easier to give up or, compromise your principles to survive, but, in the long run there are no true rewards on that path. I absolutely love that comment RJF. In my view, success can be boiled down to the expression of one's vaunted principles and virtue. Many projects will likely fall by the wayside when they realise that institutional and user reluctance to use their products is the result of them taking an easy route, that has led to regulatory hurdles that can't be overcome but to begin again. Many in the ICO realm have gone with the 'easy route', that doesn't necessarily guarantee long-term success. The messaging in this forum has always praised the novelty and benefits that Initial Coin Offerings may offer, though we have always remained cautious on them with respect to our expectations of regulator responses to security checks that ICO's have historically circumvented. We have often discussed the need for sensible cryptocurrency regulation, and DCEBrief was created to aid these stakeholders as an education tool. Earlier today I submitted a proposal to one of the largest New Zealand public-sector organizations that is trying to increase their capability in the cryptocurrency space. The consultation document was created in response to a request forwarded to me that originated via the commissioner of the organization themselves, and it is my current understanding that my early session(s) may involve educating executives from other organisations / sitting board of directors. I am very privileged to be in a position to at least help out however I can in my corner of the world. The benefits of getting countries to one-by-one take sensible steps to understanding and making room for cryptocurrencies are enormous, and it is much better to get involved when the policies are being drafted, rather than after the fact. I think that New Zealand could become a huge market for DNotes, given that no cryptocurrency but NAV have a presence in the country, and all applications built in the country are created on proxy platforms like ethereum or outsourced to overseas firms, which mean less control and customizability for those organizations that commission development. That said, the first step is getting the regulations right. Allow me to deviate slightly here due to what you were saying about regulations. I wonder, how hard would it be for the SEC to create a seperate class for crypto ICOs? The regulatory structures already in place for IPOs could be culled and realigned while being repurposed to fit ICOs without an inordinate amount of work I would think. Something like "Crypto IPO Lite" for online companies. The regulations could be rather simple I would think, something along the lines of verification of the principles, some sort of bond (maybe depends on amount to be raised and final score for the project), proof of concept and usefulness of the end product along with a real white paper and business plan. Add background checks and proof of concept and permit them to raise some preset figure depending on scoring those items. Really not much work involved but the pre-qual would show commitment and follow through. It's really a shame that most of these ICOs start out with good intentions but get derailed or smothered in the amount of work required to bring their product to market. Perhaps an online ICO incubator could be available to assist with all the ins and out of turning a crypto idea into an online business. An incubator could also score a project in advance and help in making a decision to proceed or not. Just some thoughts. I like to take real world systems and project them into the crypto world. I think this will become a speciality and a profitable venture soon enough! Great work Tim, you are helping to shape our future and build an amazing network. I believe one day ICO can be regulated and exist in the centralized world. A light touch regulatory framework initially would be helpful to allow things to come together. This has to be very carefully planned from the side of the regulators, as a mistake could have dire consequences. This light touch framework could include, the ICO issuers would have to be responsible for ensuring the reporting of allowing users on the network only after they have verified themselves and met the outlined requirements. It would also require securities exchange rules that fall outside of existing requirements for those that exchange securities today. I don't see how it could happen without cooperation from many parties, and could take a long time to get to that point, as well as a period of time thereafter to bring it in line with existing regulations. |
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https://ebitnews.com/ico/dfinity-blockchain-ico-cloud-tezos/There is a part of me that definitely doesn't like this, and a smaller part of me that does. I could tell a long story, but the summary is that many years ago I wanted to invest in Facebook through the secondary markets at a time when it was a $10b company. I wasn't allowed too, because I wasn't already accredited (read: already rich). So I had to go to rich people I knew with my thesis. Nobody took my advice. Now FB is one of the most valuable corporations in the world. Thanks SEC for letting me participate in that upside as a poor person!! That's a huge thing I like about Crypto. I have my thesis. And nobody can tell me to act on it or not with some artificial market-altering rules. So, it's annoying that I can't participate in DFINITY, or MIT's Enigma project, and several others....because I'm still not rich enough to meet the SEC definitions for being accredited. 7-8 years later. And NOTHING has changed. Yet, something about ICOs (read: all the scams) is also unpalatable. In general, I am Laissez Faire Libertarian w.r.t. economics. I think access >>>> risk. People should be able to make their own mistakes within a framework. And disallowing all access in the name of security, is bullshit. As Ben Franklin said, "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." It is a conflict as there is good and bad on both sides. After talking to Alan and all the research he has done in the crowdfunding arena, I am much more comfortable that we are moving in the right direction and these types of investments will be more open to everyone, and not just the rich, in the future. You are absolutely right, you should have been able to make an investment in a company you believe in, and risk your own money to do so. History teaches us that having it wide open can lead to catastrophe, however those catastrophic events were in a very different time, today it could be handled in a different way to ensure risks are well known and documented as well as promotion and representation efforts are tempered. |
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