Fair warning, I did have problems withdrawing larger amounts of DNotes (50K +) some six weeks ago. I ended up sending smaller batches. Took me a few days but everything went through successfully.

Thank you, tittiecoiner. That is a good idea. I noticed that DNotes trade volume has been quite high the last few days. I trust that quite a few people must have the same idea.

DNotes is positioned as a long term investment. We have invested a significant amount of money in building up our own ecosystem, 100% funded by the DNotes team without asking for any donation from our community. This is a long term commitment to accomplish a very strategic vision I personally care deeply about. Our global social economic system has been going down a troubling path. We are dedicated to build DNotes as an option to supplement fiat currencies on a global basis. This will take years and a lot of hard work but I honestly believe that it is a worthy cause to make that option available. Given reasonable success, the opportunity is huge for our long term stakeholders.

Quote from: indiamikezulu on Today at 09:13:22 AM

Guvvy Coin will disbenefit ‘free’ cryptos in the short term; but benefit them in the mid- and long-terms.

Why? Because governments will be educating folks about crypto-currencies, but after a while those folks will begin to understand that Guvvy Coin is just The Same Old Problem in a new (electronic) form.

So they’ll start adopting free cryptos.

Quote From Dyna Today

Great observation, Mark. I will try to be a lot nicer to the whole concept of Guvvy Coin. I like the idea of using tax dollars to help promote something that could benefit our industry. I just hope they just don't mess it up, like they normally do.

Can I call it government issued centralized digital fiat currency? (To avoid confusion with decentralized global digital currency such as DNotes) There are great differences between the two. A DCEBrief article may be in order.

The site has been sold to another Chinese group. I had a small amount left but would not bother to take a chance.

Again, Evander did an out standing job - a must read for everyone.

I am so glad we have DCEBrief. One stop, and a few Google searches are enough for me to feel informed and confident that I am current with what I need to know about our industry. I trust that, before long, many busy executives like me will discover the great value DCEBrief offers - totally free in exchange for a little of your precious time to keep you objectively informed.

I met Brian Donegan, (the head of digital business at the Manx government’s Department ofEconomic  Development) last year. They are certainly the most digital currency and tax friendly. Additionally, they have removed most of regulatory uncertainties.

Bitcoin: How the Isle of Man is leading a cryptocurrency revolution

A scattering of businesses on 'Bitcoin Island' accept the digital currency for everyday transactions alongside sterling

“ ……The ability of Douglas’ 27,000 residents to go about at least some of their daily business using a form of money that many still associate with a netherworld of nerds is emblematic of a wider embrace of digital currency on the Isle of Man. While some jurisdictions, including the UK, continue to be cautious on cryptocurrencies, this crown dependency in the Irish Sea has set out its stall to become a global leader in the sector. Many are now referring to the Isle of Man as “Bitcoin Island”.

As of last month, legislation came into force that requires all cryptocurrency businesses on the island to formally register with its government  and submit to inspection by its financial regulator.
It is one of the final pieces in a two-year process to put in place what Manx legislators insist is the world’s first regulatory framework to help digital currencies become a game-changing tool.
About 25 start-ups using Bitcoin or other cryptocurrencies are now working on an island hitherto best known for its tailless cats and annual TT motorbike race.

Brian Donegan, the head of digital business at the Manx government’s Department ofEconomic  Development, told The Independent: “We have an advantage here in that we can put the legislation in place and provide the rigorous oversight that is needed more rapidly than other jurisdictions.
“We move quickly because we can see the potential of what is out there. This technology is
transformational and we want to be in the lead.” …………

Read More:
http://www.independent.co.uk/news/uk/home-news/bitcoin-how-the-isle-of-man-is-sparking-a-cryptocurrency-revolution-a6794756.html

Quote from: indiamikezulu on Today at 01:32:28 AM

Alt Prices Henceforth?

For ages, we’ve generally thought of crypto prices as Bitcoin vis a vis Everything Else.

We’ve recently been trying to figure out when total alt cap will rise above its present level (at about 8.5% of total crypto cap).

Now, we’re trying to figure out if total alt cap will rise -- the 2013 spike entailed pure speculative frenzy. Are stakeholders more discerning at this point?

So . . . what about a more nuanced analysis:

firstly, it looks like some dozens of low-cap/low-volume alts, certainly ones that trade only or largely on Cryptsy, are gonna bite the dust when Cryptsy does. So an amount of capital will be extinguished.

Secondly, a core of 2.0s will achieve a real degree of price independence – Ethereum’s charts show that it has held its value well since Bitcoin’s price start rising.

Next: if capital starts pouring into cryptos the way it did in late 2013, all ‘viable’ alts will at least lift in price to around where they were three months ago.

And: if not this year, certainly by 2017, we’ll see an epic tug-o-war for incoming capital, between, on the one hand, government and corporate coins, and on the other hand, ‘free’ cryptos of all types – and at that point I think that crypto communities with generally anti-social values will find themselves seriously hampered. Conversely, coins like Dnotes, with its understanding of normal social values, and its 'outwards-focused development model,' will fare well.

P.s. from Sabretooth: those cryptos will do will that leverage Bitcoin’s ‘network affect.’ For example:

http://allcoinsnews.com/2015/12/29/london-startup-plutus-develops-app-allowing-bitcoin-fiat-payment-enabled-by-ethereum-nfc-infrastructure/

What do you guys think?

Quote From Shepherd Today:

Mark, I believe that a group of Altcoins will begin to do quite well this year but a large number will fade away. Over crowded market always consolidates. Surviving that next two years is more important than trying to showoff as being more innovative. The technology side of the equation is becoming way too confusing for the average consumers. Technology always evolve quickly at the early stage, but should begin to settle as it becomes more mature by later part of this year or 2017.

The Plutus project your link provided is interesting. Unfortunately, the net cost to the consumer is likely to be quite high as much as Plutons to have zero fees and free conversion to fiat. With high volatility and low liquidity the exchange rate is not likely to be favorable but you are selling Bitcoin for fiat at any price. Nonetheless, it is a nice setup.

Not a surprise. This is just the beginning. Millions more bank jobs will be lost over the next ten years.

Here is a good example that perception is reality. Medium of exchange is the perception of sufficient value to great value at the time of exchange between two parties.

This is a good reminder for those interested in investing in Bitcoin and digital currency as a small portion of their long term high risk investment portfolio.

“two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million” on May 22, 2010

“To software engineers like me, this all seems very strange and surreal. A blockchain is just a data structure. A fascinating and powerful one, granted, but not revolutionary in and of itself. Imagine headlines extolling “linked-list startups” or proclaiming “B-trees will transform banking.” Aren’t we supposed to be the ones who confuse interesting technology with valuable applications?
Allow me to suggest a heretical thought, a violation of the new conventional wisdom. What if Bitcoin is more important than the blockchain? What if decentralized, permissionless Bitcoin is to financial-services blockchains almost exactly what the Internet was to corporate intranets twenty years ago?”


Why Bitcoin Matters

CRUNCH NETWORK
by Jon Evans (@rezendi) 12-02-2016

The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million.

But the most remarkable thing about that transaction was the decision by the provider of the pizza, 18-year-old Jeremy Sturdivant, that the compensation he received—10,000 units of a newly birthed currency, one called into being from the ether of the Internet, and backed by no bank or nation—was worth real bread and cheese. Those pepperoni pizzas were the first real-world bitcoin transaction.
Blockchain Buzzword Bingo

It has become de rigueur over the last year to speak approvingly of blockchains, the technology on which Bitcoin is built, and dismissively of Bitcoin itself. The Financial Times writes breathlessly about banks “racing to harness the power of the blockchain.” Forbes enthuses: “everyone seems to agree that the technology will disrupt financial services.” But Bitcoin itself? It’s the weird sister, the ugly stepchild, the player to be named later. One gets the distinct sense that everyone would feel better if it would just go away.

Source:
http://techcrunch.com/2016/01/02/why-bitcoin-matters/

This is a Bitter-Sweet Pill. It just bumped up the chances of a global financial crises by a few notches. The global banking and financial systems have already been showing cracks with increasing pressure from FinTech and digital currencies. A sudden shift could be very bad for everyone. A more gradual adjustment would be my preference.

Thanks for the clarification, Mark.

It is a massive undertaking to be "the one" but that is DNotes' strategic mission since the day of launch. We are not just hoping to be the one. That has always been our plan. We know that it will be a long tough road that demands relentless tenacity and hard work.

We have never stopped to do what it takes and have continued to advance towards our ultimate goal by creating the necessary building blocks; block by block. They are all strategically linked.

2016 will be a great year, bringing us a lot closer with many more followers who may begin to understand why we have been doing what we are doing. The market value of DNotes is a reflection of investors' understanding of DNotes' mission and its strategic accomplishment. There is clearly a lack of understanding at this point. It is frustrating but not concerning.

Oops! That was a grouping confusion, when I have not heard that much about Guvvy Coins to begin with.
Should a country adopt any honest decentralized crypto, that could be an awesome idea.

Altcoin Marketcap will go up significantly as a group next year. There are some promising ones that should be doing well, but many may disappear.

"will we see the launch of the first successful corporate coin this year?"

It depends on the definition of "corporate coin". If you mean a truly decentralized digital currency in which the unit of account value is established by free market supply and demand, my answer is "no".
However, it does not mean that someone won't try to create money out of thin air and fool enough people to pull off a fast one. For the same reasons, I am of the opinion that the following is a bad idea:

"Two nations (Ecuador and Tunisia) presently have national (fiat) cryptographic currencies. Another four or five will be added this year (and there’ll be evidence of governments’ intentions to use Guvvy Coins as vehicles for QE)".

You are most welcome, Chase. Likewise, we are honored and thankful for the support you and so many others have given us. Looking back, it is quite amazing how much we have accomplished in 2015. That is the power of team work at its best. Yes, 2016 will be a great year.

Happy New Year to everyone!!! 

Thanks, Nele. We are all looking forward to a great 2016. Happy New Year!!

Fantastic article, Chase. We all take chances with our finances everyday of the week and not knowing it. Each day, not spending or investing smartly is a loss of value much more noticeable later part in life.
Immersed in countless hours of research as part of my book project I constantly questioned why some people or even companies are doing so much better than other.  

I just wrote this today:

"Human beings, ranked in the highest order within the animal kingdom, are gifted with a powerful capability and urge to combine their efforts and strength in organized groups, thereby developing ingenious ways and complex technology in the utilization of resources from their environment for the accomplishment of a wide variety of collective, as well as individual goals. As a whole our combined efforts, through serving in organizations, have been extremely successful in bringing civilization to what we know as the modern world today. They have constantly made progress in many material things which they seek to achieve, such as better standard of living, growth in their companies, and improved technologies. But both as an individual, as a group, and as a company, some have done significant better than others."

Why? Perhaps it has a lot to do with the way we take chances, our ability to work as a team in the most productive ways to attain common goals, and the utilization of resources available to us. And much more, of course. I thought the timing of Chase article was an interesting coincident. Great job, Chase.

Thank you, infovortice2013. I can't wait till I am done with my project, so that I can spend more time on this forum again. We are builders of the future. They are the guys who work hard in planning, cutting the trails, and building the highways. It takes a lot of time and hard work. And most people have no clue while that is done, or why we need to do it. We just keep moving, doing what it takes to make DNotes the trusted global digital currency for everyone worldwide to participate. We are totally dedicated to accomplish this mission and we are passionate about it, because we firmly believe that there needs to be a trusted global currency, available as an option, to the citizens of the world, to supplement their national fiat currency. It is a safety-net so that all shall not be lost in the worst case scenario.

To the future ... and Happy New Year!!!! To all our friends around the world, we send our very best wishes for a Happy, Healthy and Prosperous 2016!!!!

Excellent. That is very generous. Thank you, GMC. Happy New Year to everyone!!!

Happy New Year to you all, Nele. Yes 2016 will be an awesome year for all of us.!!