Does anyone know much about "Livecoin". That is where majority of Emercoin is traded. Everything is still at a very early stage. I have been following the situation very closely. Investors may be getting ahead of themselves. |
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This is the best article I came across why a serious debt meltdown may already be in the making. China Is Headed for a Debt Meltdown Like the U.S. in 2008 -- But WorsePosted: 01/08/2016 6:55 pm EST World attention has focused in recent months on an acute refugee crisis occasioned by the mass migration to Europe of hundreds of thousands now fleeing the Syrian civil war. Less noticed has been another refugee crisis at least as ominous as that underway in the Middle East and Europe -- the fleeing of money from China. What's going on, and why is it ominous?To understand what is happening, we must first remind ourselves what happened in the U.S. and global economies in 2008 -- and how China responded to it. In 2008, the U.S. experienced the precipitous crash of what had been a highly overvalued real estate and associated bond market. Those markets' prices had been driven by cheap credit used by investors to speculate in residential real estate and mortgage-related financial instruments. Because these investments had been financed by private debt, post-crash investors found themselves suddenly owing much more than they owned -- their assets had plummeted, but the debts that they had incurred to buy them had not. What China ultimately did was essentially, and ironically, to repeat what the U.S. had done in the first place -- it engineered two domestic asset price bubbles of its own. When investors, post-crash, find themselves suddenly "underwater" like this, they tend to stop spending on goods and services in the "real" economy. After all, they now have negative net worth, and must accordingly spend larger portions of their incomes paying down debt rather than buying things. When millions act pursuant to this dynamic, it slows or reverses macroeconomic growth -- it brings recession or all-out depression. The worst such episodes are called "debt-deflations," precisely because the falling prices and contraction experienced by an afflicted macroeconomy are driven by high ratios of private debt to income. Back now to China. The U.S. debt-deflation that began in late 2008 infected the wider world economy. This was partly because foreign investors had also participated in the U.S. bubble, but it was also because U.S. consumers are primary sources of demand for other nations' products. China, in particular, depended on U.S. consumers to buy its products and thus fuel its growth. China, then, was especially vulnerable to the contagion effects of America's post-2008 debt deflation. But China's government, as is well known, depends on delivering high domestic growth for its very legitimacy in the eyes of the citizenry. What, then, was China to do? Chinese investors now find themselves faced with a post-bubble negative net worth problem, just like that faced by Americans after 1929 and 2008. What China ultimately did was essentially, and ironically, to repeat what the U.S. had done in the first place -- it engineered two domestic asset price bubbles of its own. First it targeted real estate, directing state-owned banks to extend credit on cheap terms for speculative residential and commercial real estate investments. Then it targeted stocks and other financial instruments, allowing and then encouraging lenders to facilitate purchases of speculative assets on margin. For five or six years, China's strategy worked. Steadily rising stock and real estate prices underwrote a "wealth effect," making China's wealthier and middle classes feel prosperous and thereby encouraging domestic spending. That in turn substituted for dwindling American and global demand for Chinese exports, keeping China's growth engine running -- for a time. Things were just as they'd been in the U.S. during the late Clinton and Bush years -- private debt fueled ephemeral macroeconomic growth. In the end, though, the same thing happened to this bubble as happens to all bubbles -- it reached an outer limit, then began to deflate. The deflationary pressure in turn became self-accelerating, just as occurred in the U.S. in 1929 and 2008, and just as occurs in all "runs" on banks or assets. Chinese investors now find themselves faced with a post-bubble negative net worth problem, just like that faced by Americans after 1929 and 2008. Exodus of Currency That takes us to China's new "refugee problem" -- the exodus of currency from its markets. What is now happening is that people are selling off Chinese assets and investing instead in (primarily) American assets -- including stocks but especially real estate. As momentum in these flows builds up, China faces the prospect of full-on meltdowns in its stock and real estate markets, just as occurred here in the U.S. in the late 1920s and post-2008 -- only worse. Worse? Yes, and that takes us on to why China's travails are so ominous. So, to begin, China's aggregate private debt-to-GDP ratios during its recent peak bubble years are much higher than in the U.S. -- both in 1928 and 2007 If its stock and real estate markets completely melt down, then, China's negative net worth problem and associated debt-deflation -- its "great depression" -- could well make our own look like festive occasions. That is, of course, ominous enough, but there is more. Note first what I said earlier about where Chinese money is going -- to U.S. real estate and other asset markets. This, too, is worrisome, in at least two ways. Read More: http://www.huffingtonpost.com/robert-hockett-/china-debt-meltdown-_b_8940382.htmlJust read an article a couple weeks ago where China is dumping, at cheap rates, there excess steel into the American market. US steel companies are beginning to suffer, which will have a trickle down effect from this and this is only one segment yet large enough of an impact to be written about solely in the news. Scrap prices are very low, softening that market as well. I wonder if this will be another fiasco like the "Sheetrock" when China dumped a bunch of crap Sheetrock into the US market that made so many people sick and cost tons of money to replace?! You all remember the FEMA houses? Rows and rows of inhabitable homes because of China Sheetrock?? Sickened me to think "we" our government would not even use "in house", American made products which would have met the safety standards. One has to wonder when structural materials roll in off the boats if they comply with any safety standards, but we seem to gobble inferior products up each and every day without batting an eye. And, as Alan has stated many time, this is just one more segment. I believe there will be so many more cards to fall and we are just seeing the beginning. China's growth rate has, I believe, come to an unsustainable point in time, which economists have been predicting. So not only is it the cash flow that Alan talked about it is directly impacting their manufacturing which goes right hand in had with the cash flow. " Scrap prices are very low, softening that market as well". This may not mean much to the average people but that has been a multi-billion $ industry in the US alone. Many recycling companies, including many small businesses with revenue up to $50 million are shutting down, with tens of thousands jobs lost. It is all these little troubling signs that I am quite concerned about. |
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This is the best article I came across why a serious debt meltdown may already be in the making. China Is Headed for a Debt Meltdown Like the U.S. in 2008 -- But WorsePosted: 01/08/2016 6:55 pm EST World attention has focused in recent months on an acute refugee crisis occasioned by the mass migration to Europe of hundreds of thousands now fleeing the Syrian civil war. Less noticed has been another refugee crisis at least as ominous as that underway in the Middle East and Europe -- the fleeing of money from China. What's going on, and why is it ominous?To understand what is happening, we must first remind ourselves what happened in the U.S. and global economies in 2008 -- and how China responded to it. In 2008, the U.S. experienced the precipitous crash of what had been a highly overvalued real estate and associated bond market. Those markets' prices had been driven by cheap credit used by investors to speculate in residential real estate and mortgage-related financial instruments. Because these investments had been financed by private debt, post-crash investors found themselves suddenly owing much more than they owned -- their assets had plummeted, but the debts that they had incurred to buy them had not. What China ultimately did was essentially, and ironically, to repeat what the U.S. had done in the first place -- it engineered two domestic asset price bubbles of its own. When investors, post-crash, find themselves suddenly "underwater" like this, they tend to stop spending on goods and services in the "real" economy. After all, they now have negative net worth, and must accordingly spend larger portions of their incomes paying down debt rather than buying things. When millions act pursuant to this dynamic, it slows or reverses macroeconomic growth -- it brings recession or all-out depression. The worst such episodes are called "debt-deflations," precisely because the falling prices and contraction experienced by an afflicted macroeconomy are driven by high ratios of private debt to income. Back now to China. The U.S. debt-deflation that began in late 2008 infected the wider world economy. This was partly because foreign investors had also participated in the U.S. bubble, but it was also because U.S. consumers are primary sources of demand for other nations' products. China, in particular, depended on U.S. consumers to buy its products and thus fuel its growth. China, then, was especially vulnerable to the contagion effects of America's post-2008 debt deflation. But China's government, as is well known, depends on delivering high domestic growth for its very legitimacy in the eyes of the citizenry. What, then, was China to do? Chinese investors now find themselves faced with a post-bubble negative net worth problem, just like that faced by Americans after 1929 and 2008. What China ultimately did was essentially, and ironically, to repeat what the U.S. had done in the first place -- it engineered two domestic asset price bubbles of its own. First it targeted real estate, directing state-owned banks to extend credit on cheap terms for speculative residential and commercial real estate investments. Then it targeted stocks and other financial instruments, allowing and then encouraging lenders to facilitate purchases of speculative assets on margin. For five or six years, China's strategy worked. Steadily rising stock and real estate prices underwrote a "wealth effect," making China's wealthier and middle classes feel prosperous and thereby encouraging domestic spending. That in turn substituted for dwindling American and global demand for Chinese exports, keeping China's growth engine running -- for a time. Things were just as they'd been in the U.S. during the late Clinton and Bush years -- private debt fueled ephemeral macroeconomic growth. In the end, though, the same thing happened to this bubble as happens to all bubbles -- it reached an outer limit, then began to deflate. The deflationary pressure in turn became self-accelerating, just as occurred in the U.S. in 1929 and 2008, and just as occurs in all "runs" on banks or assets. Chinese investors now find themselves faced with a post-bubble negative net worth problem, just like that faced by Americans after 1929 and 2008. Exodus of Currency That takes us to China's new "refugee problem" -- the exodus of currency from its markets. What is now happening is that people are selling off Chinese assets and investing instead in (primarily) American assets -- including stocks but especially real estate. As momentum in these flows builds up, China faces the prospect of full-on meltdowns in its stock and real estate markets, just as occurred here in the U.S. in the late 1920s and post-2008 -- only worse. Worse? Yes, and that takes us on to why China's travails are so ominous. So, to begin, China's aggregate private debt-to-GDP ratios during its recent peak bubble years are much higher than in the U.S. -- both in 1928 and 2007 If its stock and real estate markets completely melt down, then, China's negative net worth problem and associated debt-deflation -- its "great depression" -- could well make our own look like festive occasions. That is, of course, ominous enough, but there is more. Note first what I said earlier about where Chinese money is going -- to U.S. real estate and other asset markets. This, too, is worrisome, in at least two ways. Read More: http://www.huffingtonpost.com/robert-hockett-/china-debt-meltdown-_b_8940382.html |
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'Facing huge costs, companies cannot simply shut off projects. So the excess could take years to work through.' Hey, Dyna. Sorry to be that guy: beyond all you mentioned, debt is a far far far larger problem. For example, it's not just that these companies will shut down, but that their defaults on their debt -- junk quality -- will set off exactly the same sort of melt down that was GFC One. I've been staring at the screen for eight years now: the amount is unpayable, and the abysmal quality could spark a collapse any second now. And the 'MSM' lies through its teeth. For example, the boom in U.S. auto sales is always being counted as a minor proof of recovery. Actually, it's a debt-bubble disaster: if you can fog a mirror, they'll sign you up for a long and expensive loan on a new unit they couldn't otherwise sell unless Martians with gold bullion hove in sight. [ I recall reading this when it came out: http://www.reuters.com/article/us-usa-comptroller-resignation-idUSN1559692520080215 ] Mark (IndiaMikeZulu), Australia I agree, Mark. Unlike the 2008 global financial crises, it could be much more complicated this time around. It was sad, but easier, for people to hand over their keys, and walked away from their homes. There will be some of that too. But most concerning are the massive number of highly leveraged projects that had rosy projections when money was cheap and the price of commodities was high. Banks and other lenders will be taking many serious blows and many jobs will be lost. For sure it will take many years to iron out. |
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When it comes to the economy, I don’t normally like to sound the alarm, since there are so many other people smarter than me on this subject. It is becoming very concerning " For years, China voraciously gobbled up all manner of metals, crops and fuels as its economy rapidly expanded. Countries and companies, fuelled by cheap debt, aggressively broadened their operations, betting that China's appetite would grow unabated." Now everything has changed.China's economy is slumping. US companies, struggling to pay their debts as interest rates rise, must keep producing. All the excess is crushing prices, hurting commodity-dependent economies across emerging markets like Brazil and Venezuela and developed countries like Australia and Canada.
The geopolitical and financial consequences of this shift have shaken investor confidence. Concerns over global growth intensified in recent days, when weakness in China prompted a stock sell-off around the world.
The commodities hangover, the dark side of a decade's long boom, could last for a while.
Multibillion-dollar investment decisions made years ago on big projects, like the oil sands fields in Canada and iron ore mines in West Africa, are just getting up and running. Facing huge costs, companies cannot simply shut off projects. So the excess could take years to work through.
The flood of raw materials is pressuring prices, prompting a painful shakeout. Oil companies have laid off an estimated 250,000 workers worldwide. Alpha Natural Resources and other US coal mining companies have filed for bankruptcy protection.
Saudi Arabia, a giant energy economy, has had to tap the credit markets as its financial reserves dwindle. Venezuela, an oil-rich nation that went on a spending spree, is struggling to meet $US10 billion ($14.2 billion) in debt obligations this year, since 95 per cent of export earnings depend on crude oil.
Read More: http://www.afr.com/markets/commodities/commodity-prices-slip-anew-after-worst-year-since-financial-crisis-20160110-gm30wkJan 11 2016 at 8:32 AM by Clifford Krauss |
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Definitely not the same coin. This sounds very impressive: "BitGem Asset Management Ltd. (BAM) and its parent company, Precious Investments Inc., will launch a crowdsale for what they call the first diamond-backed cryptocurrency, PinkCoin, an Ethereum-based cryptocurrency backed by a pool of fixed-colored diamond assets. The crowd sale begins on Jan. 18, 2016 at 9 a.m. The escrowed diamonds are insured by Lloyds of London and have been independently appraised."However, this does not: "Precious Investments Inc. trades on OTC Markets under the symbol PNIK."Nor does this: "On 12/11/2015, Precious Investments, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC." "On 10/27/2015, Precious Investments, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC." http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12216889It may be perfectly legit, but I would do a LOT of research before investing (which is kind of difficult because I couldn't find anything either on the NEW 'Pink coin').  I agree. It sounds impressive, but unless it has been well vetted, I would be cautious, especially as an investor. |
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RJF, it is frustrating and I know that you have been one of their staunchest supporters and defenders. No matter what their issues are, there are always multiple options to solve those problems. Not communicating with their customers is probable the worst of all options.
I couldn't agree more with you. Cryptsy was a good exchange but always provided poor support. As a user, I always felt like: We don't need you, we don't care if you are satisfied or not.   Not sure how serious the first statement is... As an update, I successfully withdrew 20,000 DNotes from Cryptsy an hour ago. It was blazing fast and reached destination without a glitch. Go figure. Could it be a case of selective technical interference for unknown reasons? Frustrating! This is not good for our industry, especially for those that are only listed on Cryptsy. Get the word out, I will be interested to consider participating in an opportunity to save Cryptsy, should it come to that. |
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What has been going on at Cryptsy is quite unfortunate. It is hard enough to build a successful business. Letting it go down through neglect, after being quite successful for a while, is hard to understand. DNotes' volume on Cryptsy is still quite high. I suspect that a lot of DNotes from multi-pools are still being sold through Cryptsy. It still amazes me. As a lifelong business owner and entrepreneur, I simply do not understand this industry. 90% of them seen to be either scams or so poorly run it is laughable. Smokey Most "owners" are 15 year-olds living with mom. That does explain a lot, BUT.....when I was 15, I was running TWO businesses already! I dunno if they were REALLY businesses, but, I had "employees", (a couple of buddies who had their driver's license already), "equipment" (an old ton truck, some ladders and roof pics), and a "marketing plan". I painted houses, and would clean up metal "junkpiles" (for free!). I actually feel lucky, Alan was growing up on the other side of the world, farming with water buffalo. At least I had a truck, running water and electricity! If we would have had internet back then, Bill Gates would have been my butler, and Steve Jobs may have been gardener! Smokey Not everyone was born with a silver spoon in the mouth. I always had the attitude that it is not where you are now, but where you are going from here that matters. The past is history. Always focus on your next move, but be sure you know where to want to go. DNotes has been a lot about strategic positioning and adapting to industry changes and other challenges, of which we have little control, like the Cryptsy situation. What is important is that, irrespective of industry set-backs, we are always advancing and continued to get a little closer to our ultimate destination of DNotes being the trusted digital currency for everyone worldwide to participate so that it becomes a viable option to supplement global fiat currencies. It may take decades but that is our vision and we are committed to our missions as reflected in the constant expansion of our ecosystems. That is how we are building DNotes as the digital currency with a purpose. |
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What has been going on at Cryptsy is quite unfortunate. It is hard enough to build a successful business. Letting it go down through neglect, after being quite successful for a while, is hard to understand. DNotes' volume on Cryptsy is still quite high. I suspect that a lot of DNotes from multi-pools are still being sold through Cryptsy. It still amazes me. As a lifelong business owner and entrepreneur, I simply do not understand this industry. 90% of them seen to be either scams or so poorly run it is laughable. Smokey Probably people thinking they can make a quick buck easily, then they find out they actually have to work for their money. I would suspect it is the younger generation thinking they will start something up without doing the research and time spent actually working on the project. Even my own kids say people of the younger generation don't want to work for what they have. Not saying all are like this but when it comes to internet I feel they think they can make a quick buck with little effort. I hear my grandson (11) telling me he is going to start simply posting videos of himself because someone else has done it with silly stuff and makes a ton of money. I told him not everyone can be successful in doing this. Correct me if I am wrong.. Just sayin' You are absolutely correct! Paul Vernon's actions since this whole thing started are unbelievable and, at this point, indefensible. There's no shame in moving offices to a less expensive location but, not telling your customers borders on the criminal or, at best, arrogant and foolish. His silence is becoming deafening and the message is coming through loud and clear. It's so simple, a fool would realize what needs to be done: COMMUNICATE! Good news or bad, tell us. If he's going down the tubes, ask for help! If he thinks he can save it, tell us the plan before we don't care anymore. Actually, many have reached that point already. Many who would have helped if they could, if only he would have communicated! At this point, if Cryptsy goes under from the weight of Vernon's silence, I say "good riddance". And I have always been one of their staunchest supporters and defenders. I give up... RJF, it is frustrating and I know that you have been one of their staunchest supporters and defenders. No matter what their issues are, there are always multiple options to solve those problems. Not communicating with their customers is probable the worst of all options. |
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What has been going on at Cryptsy is quite unfortunate. It is hard enough to build a successful business. Letting it go down through neglect, after being quite successful for a while, is hard to understand. DNotes' volume on Cryptsy is still quite high. I suspect that a lot of DNotes from multi-pools are still being sold through Cryptsy. |
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Catching up for the night i ran across this article, A Helpful Guide to Investing in Cryptocurrencies. "Understand the Coin – I believe there is a good incentive in understanding how the altcoin works. We are witnessing a hoard of companies launching their cryptocoins in the expectation of a quick rise in price as investors look for undervalued cryptocurrencies in the digital currency space. The euphoria surrounding new coins can be compared to IPOs in the stock market, where each new IPO opens at a huge premium." There are many coins that have launched and will be launched in the future that may focus on a niche or a feature, although often a great addition to the cryptocurrency world, we have to look at the long term viability of it being able to sustain the entire ecosystem of the coin. That is why we are making every effort to make DNotes sustainable, and able to stand the test of time while we grow with the cryptocurrency industry. Unfortunately, there are still a lot of questionable coins that keep showing up on CoinMarketCap. P & D is still rampant. It pays to know if the people behind the coins are committed to the long term. It is always recommended to invest with caution and spread your risk by investing in more than a single favorite. |
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From CryptoMoms Forum Today:
Our community leaders should save a copy of this post for convenience reference. To be consistent, please quote and do not deviate in explaining the ownership of DNotes' participation in the new company. This will be a generous and historic gift from small group of DNotes investors to all DNotes stakeholders based on our passionate belief that it is an invaluable contribution to the long term success of DNotes.
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Quote from: Zoe on Today at 05:08:36 AM
I have a question. What do you mean DNotes the currency will own 25 percent of the company to start, subject to dilution?
Quote From Shepherd Today:
Zoe, that is a great question. As this question will likely come up again, I will attempt to provide a straightforward and comprehensive answer. Since everyone knows about Bitcoin and the Bitcoin ecosystem, let us use them as examples, though they are hugely larger in scale.
DNotes, like Bitcoin, is a decentralized digital currency owned by all of its stakeholders. The ownership is at will in the sense; anyone can be a stakeholder by acquiring some amount of DNotes at anytime. By the same token, any current stakeholder can liquidate his or her entire ownership at anytime without notice and no longer remained as a stakeholder. Yet, no one automatically owned any of the Bitcoin ecosystems, such Coinbase, just by owning some amount of Bitcoin.
Coinbase is a privately held, for profit company,100% funded and owned by private investors. When the founding group of investors started Coinbase they own 100% of the shares issued. To use a very simple example, let is assume that the company was authorized to issue up to 4,000 common shares and 400 shares were issued at the first round. This means that the first group of shareholders owning the 400 shared at point in time owned 100% of Coinbase. Let us further assume that they then raised $2,000,000 to expand the business, in exchange for 100 newly issued shares. At this point in time, the founding stakeholders’ ownership is diluted by 20%, and subsequently owned 80% and the new investors own 20%.
Now imagine that this new company is a privately held company like a Coinbase. The ecosystems in our case consist of CryptoMoms, DNotesVault, and DCEBrief at this time. The ecosystems are 100% funded by a small number of DNotes stakeholders. Since the details has yet to be finalized, due to further legal considerations, let is assume that we have a for profit “C” corporation with 100,000,000 authorized common shares and we decided to initially issue 10,000,000 shares. At that point in time, 2,500,000 (25%) will be owned by all the DNotes stakeholders under a (custodian account) and 7,500,000 (75%) will be owned by the founding investors.
Should we decide to seek additional funding using newly issued shares, all existing shareholders ownership would be diluted. But as the company grows and new capital is added, the company will become more valuable.
DNotes has a very unique business model, in that we believe that for DNotes to gain mass acceptance as the trusted global digital currency to supplement fiat currency one day, it needs a substantial professionally managed company to protect and promote the best interest of DNotes. We believe that the significant ownership given to DNotes will provide solid fundamental value to support the anticipated increasing value of DNotes over the long term. This will be a solid boost to our family of CRISPs.
Any future earning distribution in the form of dividends or other proceeds will be paid to the DNotes custodian account. For all practical purposes, no payment will be paid directly to DNotes stakeholders. The general public can participate in the ownership of the new company by owning DNotes.
Our vision is to build DNotes as the trusted global digital currency for everyone worldwide to participate. Given the global social and economic challenges we passionately believe there is an urgent need for us to offer a digital currency option to supplement fiat currencies on a worldwide basis. While DNotes itself will remain decentralized, it is highly essential that there is leadership and fundamental value behind it. However, like any start-ups, this will be quite exciting but a long road and a lot of hard work ahead. This is an unproven business model and there are no assurances that it will be a success. If successful, it will be most valuable to long term investors and may not benefit short term traders in a meaning and material way.
This is a great explanation that should clear up any questions! I've posted it on the CryptoMoms Forum in the "Welcome to DNotes" thread, so it is easy to find for anyone having to explain it. http://cryptomoms.com/forum/dnotes/28/welcome-to-dnotes-digital-currency/1175/Great idea. Thank you Chase. |
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From CryptoMoms Forum Today:
Our community leaders should save a copy of this post for convenience reference. To be consistent, please quote and do not deviate in explaining the ownership of DNotes' participation in the new company. This will be a generous and historic gift from small group of DNotes investors to all DNotes stakeholders based on our passionate belief that it is an invaluable contribution to the long term success of DNotes.
*************************
Quote from: Zoe on Today at 05:08:36 AM
I have a question. What do you mean DNotes the currency will own 25 percent of the company to start, subject to dilution?
Quote From Shepherd Today:
Zoe, that is a great question. As this question will likely come up again, I will attempt to provide a straightforward and comprehensive answer. Since everyone knows about Bitcoin and the Bitcoin ecosystem, let us use them as examples, though they are hugely larger in scale.
DNotes, like Bitcoin, is a decentralized digital currency owned by all of its stakeholders. The ownership is at will in the sense; anyone can be a stakeholder by acquiring some amount of DNotes at anytime. By the same token, any current stakeholder can liquidate his or her entire ownership at anytime without notice and no longer remained as a stakeholder. Yet, no one automatically owned any of the Bitcoin ecosystems, such Coinbase, just by owning some amount of Bitcoin.
Coinbase is a privately held, for profit company,100% funded and owned by private investors. When the founding group of investors started Coinbase they own 100% of the shares issued. To use a very simple example, let is assume that the company was authorized to issue up to 4,000 common shares and 400 shares were issued at the first round. This means that the first group of shareholders owning the 400 shared at point in time owned 100% of Coinbase. Let us further assume that they then raised $2,000,000 to expand the business, in exchange for 100 newly issued shares. At this point in time, the founding stakeholders’ ownership is diluted by 20%, and subsequently owned 80% and the new investors own 20%.
Now imagine that this new company is a privately held company like a Coinbase. The ecosystems in our case consist of CryptoMoms, DNotesVault, and DCEBrief at this time. The ecosystems are 100% funded by a small number of DNotes stakeholders. Since the details has yet to be finalized, due to further legal considerations, let is assume that we have a for profit “C” corporation with 100,000,000 authorized common shares and we decided to initially issue 10,000,000 shares. At that point in time, 2,500,000 (25%) will be owned by all the DNotes stakeholders under a (custodian account) and 7,500,000 (75%) will be owned by the founding investors.
Should we decide to seek additional funding using newly issued shares, all existing shareholders ownership would be diluted. But as the company grows and new capital is added, the company will become more valuable.
DNotes has a very unique business model, in that we believe that for DNotes to gain mass acceptance as the trusted global digital currency to supplement fiat currency one day, it needs a substantial professionally managed company to protect and promote the best interest of DNotes. We believe that the significant ownership given to DNotes will provide solid fundamental value to support the anticipated increasing value of DNotes over the long term. This will be a solid boost to our family of CRISPs.
Any future earning distribution in the form of dividends or other proceeds will be paid to the DNotes custodian account. For all practical purposes, no payment will be paid directly to DNotes stakeholders. The general public can participate in the ownership of the new company by owning DNotes.
Our vision is to build DNotes as the trusted global digital currency for everyone worldwide to participate. Given the global social and economic challenges we passionately believe there is an urgent need for us to offer a digital currency option to supplement fiat currencies on a worldwide basis. While DNotes itself will remain decentralized, it is highly essential that there is leadership and fundamental value behind it. However, like any start-ups, this will be quite exciting but a long road and a lot of hard work ahead. This is an unproven business model and there are no assurances that it will be a success. If successful, it will be most valuable to long term investors and may not benefit short term traders in a meaning and material way.
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Nick did an excellent job on the 2015 DNotes year in review, it is impressive to see the major accomplishments lined up in one article, it has indeed been a busy year for DNotes. We will continue building the DNotes ecosystem and growing our community of DNotes stakeholders in 2016. In 2015 DNotesVault has almost reached 20 million in DNotes held for stakeholders, CryptoMoms reached over 15 thousands members, DCEBrief has over 120 stories published and reached over 50 thousand unique readers with high retention and repeat visitor rates, and the DNotes forum thread has been read over 400 thousand times with just over 8600 posts. Thank you to all for your contributions!
Nick did an excellent job. I just responded to LinkedIn with the following comments: Dr. Quincy Chen 1st Managing Director in PetroOverseas Group Corporation; Co-founder of Sinostan Consortium and Thinkingtank Good work Alan, Hold on to it, will prosper in 2016 and beyond. LikeReply(1)2 hours ago Alan Yong Co Founder Editor at DCEBrief Thank you, Dr. Chen. We are very systematic and strategic in everything that we do, and are passionately in it for the long term with the vision of building DNotes to be equal to fiat currency in meeting the full functions of money, as a unit of account, as a store of value, and as a medium of exchange. Only then, we can push it further to be superior to fiat currency with DNotes as a trusted global digital currency for everyone worldwide to participate, thereby becoming a supplement to global fiat currency. We are the trail blazers, not followers, and it a long road ahead. No matter how many big banks may think otherwise by jumping into the Blockchain bandwagon, with little understanding of the historically innovative Bitcoin Blockchain technology, we believe that a comprehensive strategy to fully exploit the total package is far superior over the long term. There is plenty of time before mass acceptance of digital currency will become a reality. We are systematically creating our own ecosystem, block by block; and they are all strategically linked. Carl Mullan Carl Mullan 1st Senior Advisor on Digix’s Advisory Board Great work Alan. I'm always encouraged to read about your successes. Wonderful! Enjoyed Nick's article too! Have a great year. LikeReply(1)43 minutes ago Alan Yong Alan Yong AUTHOR YOU Co Founder Editor at DCEBrief Thank you, Carl. We are committed to doing our part, one step at a time. Once a firm foundation is built we will be reaching out to many others to join force with us. As always, your support and encouragement is very much appreciated. Like20 minutes ago |
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The slideshow that follows this article is really good and worth checking out. Here's why banks are obsessed with a technology that's 'becoming the new internet'2015 was the year of the blockchain for banks. Financial institutions became obsessed with figuring out how to use the blockchain — the software that underpins bitcoin — for everything from "smart" contracts to issuing shares to clearing payments. Blockchain is a name for the software underpinning bitcoin that uses complex cryptography and distributed ledgers — copies of records in multiple places — to regulate, record, and enable transactions using bitcoin. In effect, it lets users — the "crowd"" — police the monetary system without any central bank or regulator. Over 40 top investment banks have joined an industry-wide consortium looking at how the technology can be adapted to traditional finance and Goldman Sachs has declared that the technology could change "well, everything." William Mougayar, a partner at new Toronto-based venture capital firm Virtual Capital Ventures, says the technology has the potential to be the "new internet" for financial services, heralding a huge wave of innovation and re-invention. (He's not the only one who's compared blockchain to the internet.) Mougayar has authored an extensive slideshow on what exactly the impact of blockchain and blockchain companies could be on financial services, complete with advice for banks on how to tackle the tech. He offered to share it with BI — check it out below. Blockchain 2015: Strategic Analysis in Financial Services"At the end of 1999, only 20% of US National banks were offering internet banking, even though it represented 90% of the banking system". "Retrofitting the blockchain will be challenging and may not yield significant results". (On Cryptocurrency Exchanges) "Will a bank purchase an exchange? Or will banks offer a similar service?" "Will the Bloomberg of crypto emerge? "Implementing the blockchain is 80% business / 20% technology (not the other way around)." "Get your own hands dirty, don't outsource the learning." Full slideshow: http://www.businessinsider.com/virtual-capital-ventures-slideshow-on-the-impact-of-blockchain-on-financial-services-2016-1Excellent find Chase! I highly recommend everyone reads through it, though a bit lengthy. What amazes me is how much room there is to grow in the cryptocurrency world. We've said it before, but we are still in the very early stages of what cryptocurrency and blockchain will accomplish and solve for the world. Here are a couple more quotes that struck me. "Will our [software] wallets become our mini banks [in 2016]?" "Will adoption [of hardware wallets] take off?" "Will the killer app for cryptocurrency micro transactions emerge [in 2016]?" "Will we achieve viable market making liquidity [in 2016]?" "Will traditional merchant processors add cryptocurrency to their arsenal [in 2016]?" All very important sectors for cryptocurrency. I know the focus is on bitcoin now, but in these early years that could change very quickly. William Mougayar has written extensively on Bitcoin, Blockchain, digital currency and banking. I always enjoyed his articles. His advise to the banks is don't out source, and I agree. At this stage knowledge goes a long. There are very few industry experts at this early stage revolutionary technology. If you just make a effort to learn just a little, your consultants may not know that much more than you do, You are paying them big money to experiment and may just come up with a wrong design and implementation and justify it as just a proof of concept. My favorite quote is his advice to the bankers " There is no Try. Do or Lag.
It's better to shoot yourself in the foot, than to have someone else shoot you in the head" |
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Quote From Ashley on Today at 12:06:48 AM » Thought Bitcoin Was Dead? 2016 Is the Year It Goes Big - http://www.wired.com/2016/01/thought-bitcoin-was-dead-2016-is-the-year-it-goes-bigAdam White at Coinbase said bitcoin is going to come full circle. Quote from: indiamikezulu on Today at 02:40:24 AM Morning, Ashley! (Magnificent summer day here) Tee hee -- https://99bitcoins.com/bitcoinobituariesNo, seriously, 2016 is gonna be The Year, and I ruckon the best indicator is the non-spike-ness of Bitcoin's recent rise in price: a dollar a day suits us best. Mark (IndiaMikeZulu), Australia Quote From Chase Today: If you are lucky and escape a close call, you are a 'cat with 9 lives'. If you are REALLY lucky and escape dozens of close calls (ficticious as they are  ), you are 'bitcoin with 99 lives'.  Quotes From Shepherd Today: That's a good one with a clever twist. Many true entrepreneurs will proudly tell you that their business endeavors have lived through the "cat with 9 lives". Overnight success is an illusive dream. Bitcoin and digital currency will continue to survive the test of time. Those who are totally passionate about it will get to reap the long term benefits. We are still at the early stages of a historically revolutionary technology.
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Overall, an interesting article. The term "FinTech", and "Blockchain" will continue to dominate the news in our industry. Bitcoin will do well but could cryptocurrency be getting more attention for a change? Value form" With the rise of so many forms of cryptocurrency, from bitcoin to Gaelcoin, alongside other value tokens such as mobile minutes, we’re seeing the way in which people exchange value being redesigned by the internet, particularly as value tokens are now data rather than physical bank notes." What does 2016 have in store for fintech?
Chris Skinner presents five key areas of potential change.Yes, 2015 was the year the fintech bubble exploded. It hasn’t burst yet, but it’s clear that fintech is the word of 2015. Everyone is talking unicorns, startups, disruption, and fintech, yet this is nothing new. I often say that I’m only known in the fintech world because I’ve worked in technology in finance all my life, and someone finally decided to put the words together. Just like Brangelina, Kimye and Bennifer, fintech is of the moment. I want to touch on what’s emerging in the fintech world. For me, there are five clear areas of change: Value transferFrom TransferWise to Square to Stripe to Currency Cloud to Azimo to WorldRemit, all aspects of payments and currency movements are being revamped and rethought by the new fintech players. Value formWith the rise of so many forms of cryptocurrency, from bitcoin to Gaelcoin, alongside other value tokens such as mobile minutes, we’re seeing the way in which people exchange value being redesigned by the internet, particularly as value tokens are now data rather than physical bank notes. Value managementOur stores of value are also being redeveloped by robo-advisers such as Nutmeg, Betterment and WealthFront, as well as the way our accounts are presented to us from a mobile wallet to a fully fledged personal financial management system with visualization tools. Credit riskEverything related to connecting people who have money with people who need money is being targeted by new platforms and marketplaces that enable these two communities to connect at better rates and lower margin than through traditional credit market. This isn’t just for peer-to-peer lending, but for everything from crowdfunding trade finance to mortgages. TradingThe fact that the internet enabled day traders to rise from their home offices has now extended to social trading and automated trading structures. Although most high-frequency traders are using proprietary low latency infrastructures, the ability to piggyback markets and trading oracles is giving rise to whole new forms of investment markets. There are other nuances of these markets, and in 2015 everyone seemed to wake up to the fact that this is headline news. I guess it’s because we finally woke up to the idea that fintech is actually redesigning banking, insurance, wealth management and financial services generally to be marketplaces based on technology platforms instead of localized markets based on physical exchange. This doesn’t take place fast, so expect the interest in fintech to continue in 2016. The natural question then is, is this a bubble about to burst? I answered this in March, saying that the ‘re-architecting’ of an entire system isn’t a bubble but rather an evolving ecosystem. However, the hype around fintech may get dented in 2016 as Square’s IPO disappoints (as will several more in the next year). According to M&A advisers Magister Advisors, this means that 2016 will see: Don’t hold your breath for tech IPOsIPOs come in waves, and all signs point to a quiet sea next year. Interest rate rises coupled with macro/political uncertainty will give an already unsteady IPO market serious vertigo. Expect a unicorn (or two) to blow up … The tale of Fab.com showed just how quickly you can go from a $1bn valuation to a $15m fire sale. Magister Advisors is expecting that at least one tech unicorn will go to the glue factory in 2016. … leading to inevitable mass layoffsUnicorns, with an aggregate valuation of $500bn, are overvalued by $200bn, according to Magister Advisors, which expects layoffs will be inevitable next year as valuations compress, leaving the ‘weakest 10-20%’ of workforces to look for their next job unexpectedly early. The biggest losers of a decelerating market will be the ‘unicorn aspirants’ aiming to raise $15-50m at $100-500m valuations. Overheated mergers will cool off M&A activity hit a record high in 2015, but will slow considerably for the tech sector in 2016 as valuations reset, Magister Advisors predicts. Expectations take time to reset, and always lag reality. Many investors will not accept a new lower normal until at least 9-15 months have passed. Meanwhile, there will be an imbalance between seller price expectations and what buyers are prepared to pay, taming the M&A market while price expectations realign. Expect M&A activity to return with a vengeance by 2017-2018 though, once expectations are more in line with reality. Blockchain will dominate the fintech sector2015 saw large financial institutions accelerate their pursuit of blockchain initiatives, and we’ll enter 2016 in a ‘race to production’, with vendors and financial institutions alike vying to see who can be first to reap the benefits in actual deployment. Source: http://banknxt.com/55122/fintech-change-2016/Written by Chris Skinner |
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Cryptsy news: Important System Notification
Trade engine and withdrawals paused while we investigate cause of lag. Your patience is appreciated. Thank you Thanks for the update. I just noticed that too. It is also not reporting to CoinMarketCap. |
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Another must read article. Excellent job, Evander! We are still at the early stage of the greatest technology revolution since the internet. The potential is just too massive for any nation or state to miss out. The smart ones will adjust and put up the welcome sign once they realized what they could be missing. Those who adopted only the Blockchain may only get three quarters of the pie. We like to have the whole pie. The 1/4 the bankers is throwing out, from my prospective, is the best part of it. Go figure. But if we learned anything from the New York Bitlicense blunder, people do recognize their mistakes, sometimes, and make adjustments to compensate for it later. |
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