This was a pretty interesting article, The Dangers of a Blockchain Monoculture, from Tony Arcieri (software engineer and cybersecurity expert working on the the Platform Security Team at Square). Fair warning, it's a lengthy article, and I got sucked into reading the entire article. There are many interesting insights, especially in his conclusions. "I feel “blockchain technology” has not delivered a lot of practical value: compared to most payment systems, the value bitcoin moves, and the transaction rate, are both rather insignificant (and bitcoin is all that matters – all other blockchain-based systems move practically nothing by comparison)." "I worry the media are giving undue attention to questionable ideas simply because there’s a lot of "buzz around blockchain"." I quoted these two as I feel there will be many important uses for blockchain technology and we have only begun to scratch the surface of what that might be, but I believe digital currency is the most important. Here are two quotes I could not take a pass. I have labeled our industry's blind followers as mindless zombies before. Thanks to the new breed of “snake oil purveyors” this trend has breached the boundaries of our industry. We are now joined by rich zombies waving large bundles of cash! LOL, I am just taking a short break, and can’t be too serious. “ A new breed of snake oil purveyors are peddling “blockchain” as the magic sauce that will power all the world’s financial transactions and unlock the great decentralized database in the sky.……………………. >>> Thus we wind up with a positive feedback loop of hype without anyone actually delivering on anything valuable.” |
|
|
|
'Some people in the industry brag about 'getting in' on the next pump & dump like it is a badge of honor.'
Yup! Planet Krypto got sociopaths by the limo-ful; and in late 2013, it was seen as naive to be honest and oriented to the long-term, to be focused on anything except grabbing a chunk of the capital already in 'the bell jar.' But a great sorting-of-the-wheat-from-the-chaff is underway, Chase!
The collapse of Cryptsy will terminate dozens of the dross cryptos of that era.
The number of new cryptos is only now a trickle -- you can no longer successfully launch scam-coins on a daily basis.
ICOs/IPOs ('pre-mines') are now, with their public support by trusted developers and venture capitalists, no longer the indicator of unsoundness that they once were.
Many coins have found their feet by dint of perseverance; they have 12- and 18- and 24-months of price-stability.
Ian and I now readily omit from our analyses of coins the 'debut-era data.' If a coin is two or more years old, we look primarily at its community, its development program, and for price stability its last 'year-plus' of data.
Planet Krypto remains the Wild West, but things are steadily improving; and as Disraeli says, 'All things come to him who waits -- if he labors while he waits, and knows what he is waiting for.'
"{ Planet Krypto remains the Wild West, but things are steadily improving; and as Disraeli says, 'All things come to him who waits -- if he labors while he waits, and knows what he is waiting for.'}" That is an accurate statement and a wise quote. Human greed and the Wild West nature of our industry will not be going away any time soon. We will keep up with the hard work while advancing forward whether we are being noticed or not. |
|
|
|
From 3k sats to 900 sats. What happened? Did some of the devs decided to dump?
Who knows? I want to buy more, so this isn't so bad. I think a lot of it has to do with the fact that DNotes is a long term hold, and really no good for speculating. A lot of people who hang out on exchanges are there to speculate. The other thing is that I think it's tough for a coin's infrastructure to keep up with its supply increase, especially at the beginning. DNotes infrastructure has more development to do, and once that happens, price will catch up again. Thank you Wiser. I remember saying something the first month of DNotes launch to the effect that the "real value of DNotes is in the future". That statement still hold true today. Like everyone else, I often wonder how could DNotes possibly be trading at sub 1K sat? "Who knows?" is as good as any answer. However, I may add that DNotes has done so much, we have reached the point that most people barely keep up with what we are doing, especially in a noisy and confusing industry. So DNotes is priced like other cryptocurrency without any infrastructure. This is a growing pain for those who are invested for the long term. By the end of this year, investors will see DNotes in a very different light. |
|
|
|
It is very troubling to be reminded of the financial burden students are facing today: - $1.2 trillion in student loan debt with 7 students million in default. That is a lot of hardship, pain and suffering; not even quantifiable. Somehow our system is messing up the future of a lot of people. In the heels of rather bleak global financial out-look, this is concerning. “ The clamoring for forgiveness represents the fallout of a college-enrollment boom—driven by a surge in students attending for-profit colleges—that caused student debt to nearly triple in the past decade to $1.2 trillion, New York Federal Reserve figures show. Seven million Americans have defaulted, government data show.” “ Nearly 7 million Americans have gone at least a year without making a payment on their federal student loans, a high level of default that suggests a widening swath of households are unable or unwilling to pay back their school debt.” http://www.wsj.com/articles/about-7-million-americans-havent-paid-federal-student-loans-in-at-least-a-year-1440175645Thousands Apply to U.S. to Forgive Their Student Loans, Saying Schools Defrauded ThemBorrowers owing $164 million have stepped forward in the past six months, citing a previously obscure federal law Americans are flooding the government with appeals to have their student loans forgiven on the grounds that schools deceived them with false promises of a well-paying career—part of a growing protest against years of surging college costs. In the past six months, more than 7,500 borrowers owing $164 million have applied to have their student debt expunged under an obscure federal law that had been applied only in three instances before last year. The law forgives debt for borrowers who prove their schools used illegal tactics to recruit them, such as by lying about their graduates’ earnings. Read More: http://www.wsj.com/articles/thousands-apply-to-u-s-to-forgive-their-student-loans-saying-schools-defrauded-them-1453285800?mod=trending_now_1 |
|
|
|
From 3k sats to 900 sats. What happened? Did some of the devs decided to dump?
Nah, i not belive that, strong hands this community has, but new 300mhash miners on scrypt market mining DNotes sure dump to pay bills, also Bitcoin has double in price, so your DNotes fiat price keep on the road. Keep good work guys next steps on developement rally can be so sweets for DNotes community. Thanks for you support and confidence, infovortice2013. You are correct. We are very committed to the long term. We have and will continue to accumulate DNotes on a regular basis. |
|
|
|
'The DNotes Exchange that we have envisioned will be a part of our banking and financial services network systems as well as our global payment network systems with mobile applications, on-ramp and off-ramp, with the participation of different partners. There is a huge advantage not to rush into this. We are carefully observing and learning from our industry’s mistakes without having to pay a high price for it. The Blockchain being an integral part of the currency and the payment system is best developed as a totally integrated system. We are keeping a wish list as well as a list of problems we to need to solve, and there are many, as Bitcoin has revealed. We can try to tinker with it with only minimum improvement or wait for the right time to take a quantum leap. We have the advantage of leadership and team commitment to make things happened.'
Great!
Please don't think IndiaMikeZulu fickle. Our vision is grass-roots/P2P, which we have spent a great deal of energy analyzing. Perhaps the perfect combination, ultimately, would be (a) outwards-focused development [Check!], (b) a highly-secure Dnotes-community exchange facilitating volume and convenience for merchants using Dnotes, and (c) a P2P model able to (x) facilitate large in-community trades, and (z) serve as 'back-up' come what may.
Mark (IndiaMikeZulu), Australia
P.s.: an interesting little P2P has sparked off elsewhere. If you wanna analyse it or try it or expand it, PM me.
Those are great ideas, Mark. Our industry is very fragmented. At some point in the future, there could be a way to consolidate a few selected coins into a single community. It takes some leadership and funding. I have been spending most of my time doing research and writing these days. I'll catch up with you later on that "P2P" |
|
|
|
I read about it on LinkedIn early this morning. At this point I would just say "Interesting". |
|
|
|
One day DNotes may have its own exchange that will operate on a higher moral level, in line with the way DNotes just mentioned the DNotesVault operates - where the vault only acts as a 'custodian' of users' crypto. The way many of the other exchanges are operating is quite worrying, and it kind of makes me think it could be a good idea to have a dedicated page or 'how to' on the DCEBrief page with recommendations on how and where to store, spend, buy and sell crypto etc for new industry members. If we can encourage people to keep minimal funds on exchanges but for what they plan to trade, we could potentially avoid future crypto 'bank runs'. Of course, all these things take time - which seems to be the most limited resource for everybody! But hey, successful people keep busy right!?
Some really great topics being pumped out by the writing team. I'm well impressed. It also appears that articles are coming out more frequently. I can only see more and more exciting news to happen in this industry as it grows, so there will be no shortage of great topics to cover!
Time & money! We all wish we had more of both. Lol. The business will open up some new doors for us and we can start seriously considering things like exchange and money changer licensing. There will be a certain level of risk we will have to take in operating a live exchange, the goal will be to reduce that risk as much as possible and ensure we have the proper triggers and safeguards in place in order to mitigate an issue before it even happens. Re DCEBrief stories, we will continue to try to improve our content, and it is a group effort for sure. I'm very thankful to our contributors. I will try to be real brief in the essence of limited time I can spare. Everything being discussed is within the scope of our strategic plans. Our top priorities are to publish the book on “The Four Pillars of Business Success” launched with a business resource website, incorporate a company, and promote the different components of our ecosystems. There will also be a major push to develop strategic partnerships, including expansion to other countries, beyond US. Various new projects will be added to our active project list the second half of this year. The DNotes Exchange that we have envisioned will be a part of our banking and financial services network systems as well as our global payment network systems with mobile applications, on-ramp and off-ramp, with the participation of different partners. There is a huge advantage not to rush into this. We are carefully observing and learning from our industry’s mistakes without having to pay a high price for it. The Blockchain being an integral part of the currency and the payment system is best developed as a totally integrated system. We are keeping a wish list as well as a list of problems we to need to solve, and there are many, as Bitcoin has revealed. We can try to tinker with it with only minimum improvement or wait for the right time to take a quantum leap. We have the advantage of leadership and team commitment to make things happened. |
|
|
|
Another excellent article. Great job, Nick. |
|
|
|
Says 2071 people reached in 12 hours. Although because it wasn't me who paid for the 'boost', I don't know how many clicks went through to the page. Other admins of the page thought the post was really worthwhile sharing. Great work Evander.  That is impressive, TeeGee. |
|
|
|
I really enjoyed that article from Evander. People should follow their own desires, and Hearn is and that's all well and dandy. I liked it so much I've even 'boosted' the post on Facebook on a new community page we've created and it has reached nearly 300 people in the last 2 hours here: https://www.facebook.com/Anarkiwis/?fref=tsJust doing some re-writing now on an article I can hopefully release soon  One interesting comment about blockchains would be the decentralised nature of upgrades to the network. Invariably, I think this should be decided by the client people choose to use. Some people may comment that if you can change the new coin supply value or max limit (DNotes would know?) - then is a blockchain really as resistant to "printing money" (quantitative easing) as when compared to fiat money? At the least though, even if the algorithm is changed, there is no way to 'rig' the system so that the people who changed it get all the money to spend first - which is the case with the fiat system. Anyway, back to writing. I am committed to a full day of writing, trying hard to catch-up. Just dropped in to say "hello". 300 people in a few hours is very impressive, TeeGee. " I liked it so much I've even 'boosted' the post on Facebook on a new community page we've created and it has reached nearly 300 people in the last 2 hours here." |
|
|
|
This is a very positive mainstream media article out today - what a breath of fresh air! Canadian bitcoin exchange bought out by KrakenTORONTO – A Canadian bitcoin exchange will be acquired by a San Francisco-based exchange, a move that signals consolidation may be afoot in the so-called cryptocurrency world. Bitcoin exchanges are described as the on-ramps and off-ramps of the bitcoin world, allowing users to trade their cash for the digital currency, or vice versa. Cavirtex, a Canadian exchange, was originally launched in 2011. In April 2015 it was acquired by Coinsetter, a New York-based exchange that targets Wall Street traders. Following the deal, both exchanges continued to operate as separate entities. Kraken, a global bitcoin exchange headquartered in San Francisco, says it will acquire both Cavirtex and Coinsetter for an undisclosed amount, and will consolidate the two exchanges under its own brand. Client accounts will be transferred to the new platform on Jan. 26. Bitcoin is a virtual currency that is not controlled by an authority such as a central bank, and is exchanged through peer-to-peer computer networks. Kyle Kemper, senior vice-president of global business development at Coinsetter, says the deal will provide Canadians using the Cavirtex exchange with more liquidity and the ability to swap their bitcoins for a broader array of foreign currencies. “Before with Cavirtex you were only able to trade the Bitcoin-Canadian dollar pair,” says Kemper. “Now Canadians will also be able to trade Bitcoin-U.S. dollar, Bitcoin-euro, Bitcoin-Great British pound, Bitcoin-Japanese yen.” Kemper says the dramatic spike in the value of bitcoin in 2013 – which skyrocketed to more than US$1,000 before subsequently falling lower – caused a slew of new exchanges to open up shop. Now the exchanges are beginning to consolidate, a sign that Kemper says indicates the cryptocurrency industry is starting to mature.“The industry is definitely maturing,” said Kemper. “The central banks are talking about it. The regular banks are talking about. The technology behind it is getting all sorts of play.” The deal will also see Kraken launch an advertising campaign for Bitcoin in Toronto, encouraging Canadians to purchase the cryptocurrency.“We’ve been servicing the bitcoin community, but now it’s about reaching out to the larger community as well,” said Kemper. http://globalnews.ca/news/2462689/canadian-bitcoin-exchange-bought-out-by-kraken/That is an interesting move and an early sign of much more consolidation in the horizon. Here is another case in point, that there is often a pioneer burden. The smart ones will merge or be acquired; others may just vanished. |
|
|
|
I expected it to be bad, but, wow! That is very bad! Eye-opening! |
|
|
|
'The key reason we feel DNotes has a chance to become the globally accepted supplemental digital currency we have envisioned is because we are building a framework that allows us and everyone else to have a vested interest in DNotes success.'
Ian and I are rock-solid convinced of one thing: ultimately, it's the community not the instrument. Indeed the recent drop in price (suffered by plenty of other good cryptos . . . ) is a concern; but 99.9% of community talk about 'commitment to long-term development' is hot air, just feel-good stuff to mask a short-term desire to make a buck. And when such coins drop in price, the community bails.
Dnotes strikes us as the exception. Where It Will All End Up is shrouded in mystery -- welcome to the human condition -- but (a) the frank countenancing of the situation, and (b) the patient nature of development until now both encourage us strongly.
[And the Dnotes wallet? It's a beautie! Never plays up.]
Mark
Thank you for sharing your thoughts Mark, it is encouraging, especially since I recognize your thoughtful and analytical nature. Every truly disruptive technology involves behavioral changes. And change takes time. In the case of digital currency, people’s hard earned money is involved. Trust and comfort factors, which take time to build, become important considerations. It is further complicated by human greed and dishonesty. This makes it even more important for us to build a responsive and trustworthy community. For that is a reflection of our culture. We are invested and committed for the long term. |
|
|
|
I love that mantra - there truly are NO shortcuts. You can get ahead initially for a bit, but take a look around our industry for example, and every company that had some initial success by doing so: Mt Gox (ran obsolete "beta" coding on their page long term), Cryptsy (lack of communication, build quality of exchange was buggy) have gone on to pay the price for their lack of foresight and negligence. Many millions of their users money has been lost. It's really unfortunate and I hope that the funds are recovered!
Interestingly, not too impressed with Mike Hearn. Could be 90% certain he left as a publicity stunt for his latest venture R3, which is the antithesis of Bitcoin, it's enemy - and Hearn was working behind the scenes with them the whole time. Hearn basically switched sides while the war was happening and intentionally caused disruption. As far as my research went a while back, he wanted to be the "benelovent dictator" of bitcoin, having authority to change bitcoin code to what he had developed. He knew exactly what his statement would do, and he timed it perfectly to his banking and Fed exec meet up. Hearn contributed greatly to Bitcoin, but now it is good to see him gone.
Like all things, we work through challenges. The blocksize is one, but this could end up being an opportunity for DNotes to decide on the best technologies and coding before hitting the mainstream. This makes DNotes much more agile than say, Bitcoin - at least in the interim.
TeeGee, we are always delighted to see your post. I agree that it is quite clear that Mike Hearn had a hidden agenda for sometime. I gave the guy the benefits of the doubt, until I have done my research. It is now too obvious that he told his story with ill intent. What he contributed to Bitcoin, he destroyed. You got it, TeeGee. By strategic choice, we elected not to engage in core development, until the technology has evolved to a level of sufficient certainty, to the extent that the major issues are exposed and potential solutions well thought out. This phase is still on going or unsettled. Additionally, getting ahead of viable market demand is not a wise strategic investment. It is comparable to ramp-up with mass production too early and ended up with huge unsold inventory. Yet this happened all the time causing projects and companies to fail. This is a common problem of our industry. The current price of DNotes is a buying opportunity for long term investors. Let the free market force take its course. Our focus is to be alert and agile so that we can react quickly and effectively to industry changes. We may not want to go big for a little longer but remained nimble in launching the book with a profitable company as soon as possible. When our industry and the world economy are confronted with elevated uncertainties and risks, it is prudent to hold back a little before taking a big leap forward. |
|
|
|
Do you know where your tax dollars are going? US Government-Funded RAND Research Examines Strategies for Disrupting Digital CurrencyWhat do you do when your country is barreling towards twenty trillion dollars worth of debt, while facing abysmal workforce participation rates at home and massive foreign policy challenges abroad? Well, if you’re the US government, there’s really only one sensible option: you fund a research project to have RAND examine different ways to disrupt digital currencies. Yes, that’s right: the federally-funded RAND National Defense Research Institute’s International Security and Defense Policy Center was asked by the Office of the US Secretary of Defense to examine the national security implications presented by digital currency implementation, as well as possible options the United States could use to disrupt such currencies should the nation determine that they somehow pose a national security risk. The report manages to be both thought-provoking and chilling, and offers a wonderful opportunity for interested readers to sneak a peek behind the curtain at the types of concerns their tax dollars help to address. Although I do object to taxpayer money being used to fund NGO research projects, the report itself was very interesting. They are clearly lacking in some areas of expertise, but overall it was very informative and provided a fair overview of the industry. Here is a quick point form overview of the report:- Main targets: Services such as exchanges, wallets, and cell phone apps used for transactions. - Attacks on centralized services (pools / web wallets) likely to be DDOS. - Attacks on entire currency likely to be 51% attack or software corruption. - Virtual currencies have no intrinsic value (DNotes value will primarily come from the business and services underlying the currency). - The most effective forms of money were developed from objects that were otherwise quite useless such as paper or binary code. - Commodity based currencies maintain stable volume over time, however are vulnerable to short term value fluctuations that are beyond the control of authorities. This is because they are based on supply and demand of the commodity. - Commodity based currencies are difficult to transfer over long distances. - Fiat currency value is dependent on users trust in the central authority, and are difficult to transfer over long distances (but easier than commodity based currencies). - Virtual currencies act as a store of value, unit of account, and medium of exchange within their community of interest. - Virtual currencies are easily transferrable and do not need to transit through borders as currency, reducing cross border transaction costs. - Types of coins: 1) Pure Altcoins - Modified Bitcoin to create new blockchain based currencies. 2) Anonymous Coins - Used additional cryptographic techniques to provide greater anonymity than Bitcoin. 3) Appcoins - Use blockchains for other purposes - They may also be used as currencies or for financial transactions. - Centralized architectures require a central server that ensures security. The drawbacks to this is a single point of failure, and the requirement of trust in the central authority. - Decentralized authority mechanisms work on consensus of many users, therefore even if some users are malicious, they cannot impede correct behavior. - Semi -centralized virtual currencies (such as Ripple), distribute authority among restricted set of participants. - There is no evedence that organized criminal groups have developed and deployed virtual currencies, but there is some evidence that some have exploited Bitcoin for illegitimate transactions. - One of the most common criminal uses for virtual currency is ransomware. Another is the purchase of illicit goods online. - There is little evidence that terrorists are using virtual currency on a meaningful scale. This could change if they feel there is more to gain (politically, economically, or operationally) by moving toward increased virtual currency usage. - Sovereign currencies are being deployed to replace existing currencies for reasons such as rampant inflation (with or without government approval). - Controlling their own currency, non-state groups such as insurgents may be able to increase their political and economic leverage in contested territories. - Given the large tech infrastructure requirements , virtual currencies have not been used as the medium of choice for insurgents involved in civil conflicts. - Non-State currencies emerge when State currencies do not meet group needs. - Consumers in emerging markets are using Bitcoin to hedge their volatile currencies. - Central banks and governments in developed countries have assessed the monetary control risk posed by virtual currencies circulating in their areas of resposibilty to be low. - The two conditions under which virtual currencies are likely to gain traction are: 1) The central authority does not provide a stable macroeconomic environment, and as a result the territorial fiat currency is non-existant or its value becomes unstable. 2) Since most community currencies are geographically constrained, virtual currencies may play an important role in building and maintaining communities. - Most local communities that have adopted community currencies have done so within the structure of a well developed financial system. - Insurgent groups with contested territorial control over a region have three options when adopting a currency: 1) Adopt commodity based currency in which the currency in circulation is the commodity itself. 2) Adopt another country's currency. This ranges from circulating pre-existing currency in the local economy to minting a new currency that is backed with reserves of another country's currency. 3) Adopt its own currency that may not nessarily be backed by a commodity or by stocks of a reserve currency. The benefit to this option is the new group requires smaller reserves to roll out their new currency. A fixed exchange rate may help combat volatility, however unless the market believes the currency value is inaccurate, or the group has insufficient reserves to defend their exchange rate peg, the group may be unable to defend the currency's value. - There are three reasons why separatist groups are not expected to establish virtual currencies: 1) Insurgent organizations lack skills to deploy virtual currencies. 2) Monetary rules underlying virtual currencies need to be specific and maintained. 3) User's trust in new currencies tends to be low. Users need time to become familiar with the system, the stability, and ease of use. - Low initial penetration of virtual currencies in day to day economic life will increase users suspicion. This suspician will erode as they become more familiar with virtual currencies. - In the near term paper currencies will be far more acceptable and inherently more trustworthy even though they are less resilient to physical attack and require greater infrastructure. - An insurgent group is more likely to choose paper currency over a virtual currency today. I've decided to omit the development and deployment of a virtual currency, as DNotes has been a model in this regard. However my takeaway is the importance of wisely incentivizing mining. Too drastic of a block reward reduction without increased adoption, could leave miners operating at a loss.
I've also omitted the vulnerabilities section as it's a lot of theoretical what ifs and hearsay that smaller VC's and centralized services (exchanges, pools, web and mobile wallets) are more susceptible to. If zero day vulnerabilities of Bitcoin were known, it's likely that Bitcoin would be long gone by now. Sophisticated attackers may take advantage of careless VC users by undermining their software and/or hardware. If enough users are compromised, the VC may be as well.-Bitcoin is anonymous in the sense that every transaction and every account balance is known to anyone with an internet connection; the unknown information is who owns each account (something that can be revealed through user transactions). -Decentralized VC's such as Bitcoin have provided a resilient means to store and update data in a highly distributed fashion that's hard to corrupt. -The time required to distribute and agree upon the data is a limiting factor. -A central challenge in adopting blockchain technology to other non-financial applications will be how to incentivize the security of a decentralized system. -While blockchain applications may be useful for national security, they would be particularly beneficial for adversaries who would have access to far more resilient services than they would otherwise considering their limited skill set. -Increased awareness of blockchain technology has increased awareness of sophisticated cryptographic techniques for distributed consensus and computation, which can be used by less sophisticated developers to enable greater security. -Increased mining based VC use may increase the amount of hardware available capable of breaking cryptographic security. -The development of a VC by a non-state actor is most feasible when supported by a nation state with advanced cyber expertise. The nation state could enable the non-state actor to overcome the considerable hurdles associated with developing a VC. Great summary CryptoBroker, thank you! This was overall highly informative, very well thought out, and interesting. As the report goes on it becomes more clear why this may have been important to government. Some of the vulnerabilities discussion was very interesting as well, but mostly required immense resources, and suggested just as immense counter measures. Thank you very much, CryptoBroker. You did an outstanding job. It is very helpful since I have little time to read through such a long report. I wish I have more time to comment on it. However, I got the sense that it actually helps explain why DNotes is deploying so much resources to build a solid base to support the fundamental value of the currency. At this point, DNotes, like all other VCs, has no instinct value. It's market value is strictly the result of supply and demand. With low liquidity the price can be easily manipulated, a common practice in our industry. Such conditions cause high volatility rendering the VC unattractive as a viable medium of exchange, giving it nearly zero chance of mass acceptance. Hence, DNotes has been taking a very different path. To me there is no short cut. |
|
|
|
The second story really illustrates the point that while Cryptsy would have weathered any issues that were truly technical, and it might have even managed to survive such a large theft, its poor communication/relations with customers will be what actually sinks it. I was on Cryptsy chat many times during the past few weeks and it was clear that Cryptsy top management was not even properly communicating with their own employees. What's sad is that good communication costs the least to implement! Unless there are strong motivating factors for a change, people's attitude, mind-set, and general behavior are consistent. In the case of Cryptsy, top management, have not placed much value or need in communication with their customers. Being a consistent behavior, it should not be a surprise that "Cryptsy top management was not even properly communicating with their own employees."Employees and Customers are two of the four most important pillars to business success. If top management failed to recognize either or both of them to be of great value, than the company is not likely to be a great company. It is at risk of loosing both customers and employees as better options and choices became available. |
|
|
|
DNotes seems to be on its way back up. I'm not sure what exactly happened to drop it to the 3 digits, but I'm sure glad I bought some on that dip.
The volume is still very low. So I won't not read too much into it. It does not take much for the price to shoot back up. |
|
|
|
Although NOTE is already listed on many exchanges, I'd like to suggest SafeCex as Cryptsy replacement. It's a new exchange, the former operator of yaamp mining pool in involved. They want to provide a new "home" for PoW and Cryptsy-only coins, hashpower.co Multipool will be connected to sell/trade mined coins. I think it's worth giving these guys a try. Register and vote for NOTE http://safecex.com/coin/add?q=NOTEWe probably need a good replacement for Cryptsy. I'll take a look at these guys and see if I can find information on their company. You can also contact yaamp, he was very friendly and replied all questions very detailed. https://bitcointalk.org/index.php?topic=1325370.0That is good to know. I like management that is responsive and customer service oriented. We can use more of that in our industry. |
|
|
|
Although NOTE is already listed on many exchanges, I'd like to suggest SafeCex as Cryptsy replacement. It's a new exchange, the former operator of yaamp mining pool in involved. They want to provide a new "home" for PoW and Cryptsy-only coins, hashpower.co Multipool will be connected to sell/trade mined coins. I think it's worth giving these guys a try. Register and vote for NOTE http://safecex.com/coin/add?q=NOTEThank you, tittiecoiner. SafeCex has a good idea. I am always in favor of giving everyone a chance. It is good to know that hashpower.co Multipool is involved to sell/trade mined coins. I just registered and voted. So there are now two (2) votes for NOTE. As always your support is very much appreciated. The book is shaping up very well but it is much more demanding than I expected. It has certainly taken a lot more time than I allocated. Hopefully, a completed copy will be ready for comprehensive editing in March. I am very confident that it will be a great book for small business owners and start-ups. More than 50% of start-ups failed within the first 2 to 5 years, depending on the industry and survey report, including SBA. Some reported as high as 80%. There many reasons why business failed. The book is written to inspire the principal owner, founder or leader of the company to create culture excellence and leadership replicated down to the lowest level. It focuses on the four pillars of business success - you, employees, products, and customers. There is one chapter about the DNotes story. This is another reason why I believe that DNotes is significantly undervalued. Investors have a tendency to over shoot both on the upside and the down side. |
|
|
|
|
Show Posts
