Wow, you guys put in some serious work covering many different issues. Highly recommended reading. It deserves my second reading when I have more time. Below are some direct quotes from the article. Executive BriefOne of the main sources of frustration for those of us who are blockchain and cryptocurrency enthusiasts is the degree to which big companies and large financial institutions still don’t understand our industry. Earlier this week, one of New Zealand’s largest banks ASB released a blog post by their General Manager of Global Markets, Nigel Annett. We believe that post offers tremendous insight into how financial institutions and other major organizations are thinking about cryptocurrency and blockchain adoption. ……… Quote from Nigel Annett: “ Ironically, banking’s profitability is both a strength and a weakness in responding to the threat of exponential technology. Strong profitability signals there is no burning platform to change with urgency. Strong profitability also means shareholders expect stable future returns. But disruptive competitors don’t think this way. They are happy to sacrifice short-term profitability for longer-term growth that drives greater consumer surpluses. The challenge for banks is striking the right balance to maintain and enhance their position in the customer value chain.” Quote From Timothy Goggin and Daniel Gross:Nigel’s understanding of the upcoming effect of cryptocurrencies and blockchain on traditional systems is a lot better than most major institutions that we have seen so far, though we do draw attention to some substantial points of disagreement. Traditional banking and central government institutions can benefit greatly and profitably from cryptocurrencies with the methods we have outlined above, and significant negative consequences could be incurred should they be ignored. Cryptocurrencies are presenting the world with the same choice offered by the internet two decades ago—get on board or get run over. Cryptocurrencies are getting bigger by the day and they are not going to go away, no matter what anyone or any institution says. Agreed, amazing work Tim and Daniel, clearly a great deal of effort into writing this article and strategic positioning behind the message. This has the potential to capture the attention of the financial institutions and other major organizations and give them some insight into how they can benefit from our industry. |
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Quote from Brandon today:
"Same here Alan's article re-inspired me. I have a few things on the go and am traveling today, but will also be working on an article for DCEBrief that I've mapped out. If you need another set of eyes to edit/proofread, feel free to email it to me."
Thank you, Brandon. We appreciate your significant contributions to DNotes' success, including an immensely valuable component - DNotesEDU. It greatly expands our mission to help others through education with objective, much needed, and unbiased information. Just imagine what else you could do when DNotes becomes a big success. That is why we want to only focus on a few things at a time to ensure that they become truly successful. Once accomplished, we can leverage our success to do more great things. That is how we can help change the world a little. As I have said many times, we do it "brick by brick or block by block" until we have a solid foundation. And, of course, they are all strategically linked.
That was a part of the discussion I had at Geneca a few days ago. When our full and totally integrated systems is in place, it will enable a lot of things on our wish list to happen seamlessly in a trusted environment. The end users do not need to know the complexities of our back-end infrastructure, the philosophies, algorithm, and support systems behind it. What matters is -"it is simple, convenient, secured, and I trust the the people who build and operate the system". That is one of the biggest problems we are attempting to solve. Yes, it will take us a few years and some massive investment.
I understand Alan, it's easy to get spread too thin when there are so many possibilities on the table. But unfortunately when that route is taken, as opposed to focusing on one task at a time, nothing usually gets completed to a satisfactory degree. This is speaking from my personal experience. I want to assure everyone that DNotesEDU is my top priority, bar none. Excellent, Brandon. We appreciate the great work you guys are doing at DNotesEDU. I strongly encourage anyone interested in helping DNotesEDU to reach out to Brandon. Thank you for the support Alan, unfortunately we are not looking for new volunteers at this time. If we think someone will be a valuable asset to our long term goals, we will reach out to them personally. Looking forward to the relaunch of DNotesEDU, the preview you sent over is excellent! As I understand, the primary mission is financial education and literacy and how it relates to digital currency, do you plan to expand into other aspects of education related to digital currency or keep it more focused? |
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Product Knowledge: Make it Part of Your Company Culture Growth and the Three P’s: Product, People, and Processes What Does Product Innovation Mean to You? Products, Profit, and Sustainability |
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Question on DNotes vault update: Do you consider two factor authentication via SMS? I guess that there are a lot of people who can not (are not able to) use QR codes.
Hi AlCamus, we hadn't considered using SMS authentication at this time. The current 2FA uses Google authenticator, which the user can either scan the QR code or enter the written code into the Google Authenticator app. We would certainly be interested to find out if there are users who are unable to use this form of 2FA. My guess is that the phone would not be a smart phone? Yes, or people who do not want or do not understand how to use a google app. I just think that there should be (or is needed) another option in two-factor authentication to secure the DNotes Vault account than Google Authenticator. DNotes Vault operates like a bank account and banks usually use personal identification numbers or SMS as two-factor authentication. Or is there perhaps once in a while a confirmation via email requested? I didn't checked this yet. SMS two-factor authentication is not secure and should be avoided. Google to find out why. Thanks shtako and AlCamus, we will look into it for future options. I understand there is a risk using SMS, but if there are no other options for the user it may be better than no 2FA. |
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Question on DNotes vault update: Do you consider two factor authentication via SMS? I guess that there are a lot of people who can not (are not able to) use QR codes.
Hi AlCamus, we hadn't considered using SMS authentication at this time. The current 2FA uses Google authenticator, which the user can either scan the QR code or enter the written code into the Google Authenticator app. We would certainly be interested to find out if there are users who are unable to use this form of 2FA. My guess is that the phone would not be a smart phone? |
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Product Knowledge: Make it Part of Your Company Culture Growth and the Three P’s: Product, People, and Processes |
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The Four Pillars is developing quite the trove of resources for entrepreneurs. I would highly recommend everyone check out https://fourpillarsofbusinesssuccess.com, and buy the book if you can afford it! Doing so may make the difference between becoming overwhelmingly successful, or being one of the 80% of business that fail in the first 10 years. It is a great guide to developing a well rounded business that excels in all areas. Thank you Brandon, I agree 100%. There is a lot to be learned from the book and website, and it is all built around the idea that your business is operating as a system and all the component parts do not operate in a vacuum. In other words, they all have a significant impact on your business as a whole. The book identifies the four key and most significant components within your business, and then, along with the video series, teaches how to get all of those components working well and working together into a well oiled machine. It's very easy to focus on what you are good at, you could be a business owner that is a great salesman, and focus on the sales. However, without the follow through on product, customers, driven by you and your team... You won't be able to satisfy the needs of the customers or retain them. This is in my experience, the most comprehensive and actionable business series the world has ever seen. The actionable part really drives the value for me, it is chock full of learnings that you can begin to apply to your business the moment you understand them. Alan delivers an unparalleled amount of experience and wisdom in book and video series. |
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Chapter 10 - Mutual Goals Review Mutual Goals and Employee Development Mutual Goals Enhance Employee Buy-In When Setting Goals, Clarity Matters Listen to Your Employees |
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Chapter 10 - Mutual Goals Review Mutual Goals and Employee Development Mutual Goals Enhance Employee Buy-In |
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Chapter 10 - Mutual Goals Review |
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What Qualities Make for an Excellent Employee? Employee Engagement: Why It Matters Building the Perfect Team for Your Organization Money, Motivation, and the Things that Really Matter |
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My guess is that he used a really dope camera to make the video   Sure did! Thanks MiningHabit for hooking us up with Personify! |
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What Qualities Make for an Excellent Employee? Employee Engagement: Why It Matters |
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