Check this out: Longfin IPOs at $5/Share on NASDAQ Under Reg A+, Buys Blockchain Company Ziddu & Stock Soars to Over $140This is an example of how crazy the Crypto/Blockchain sector is right now. Longfin (NASDAQ:LFIN) listed its shares on NASDAQ on December 13th at $5 a share. The company used the Reg A+ crowdfunding exemption to raise the money apparently selling 2.3 million shares out of a possible $50 million raise. Two days later, Longfin announced the acquisition of Ziddu.com, a Blockchain powered platform that is said to offer Microfinance Lending against Collateralized Warehouse Receipts in the form of ERC20 “Ziddu Coins.” If you want to have a better understanding of how Longfin was doing prior to the IPO you can read their offering circular here where the company is required to share its operating information. What happened next? The stock soared right through the roof. On Friday, the day of the announcement, shares jumped more than 200% Read more: https://www.crowdfundinsider.com/2017/12/126079-longfin-ipos-5-share-nasdaq-reg-buys-blockchain-company-ziddu-stock-soars-140/It would appear that our mini-IPO will be launching at a very opportune time, in an industry excited to get in on and invest in blockchain projects. Agreed, pretty interesting and I think it will be the ideal time for us. Getting ready to head to Chicago for a few days as we have meetings with a couple of development firms in the greater Chicago area. |
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There's an awful lot of talk in the media and among economic experts that Bitcoin is a bubble right now, with all traditional indicators leading them to that conclusion. However, I believe they are discounting just how widespread the demand is. In my opinion Bitcoin is not a bubble, it has barely reached its full potential. I think we won't start getting into serious bubble
Bitcoin is definitely in a bubble AND it hasn't reached it's full potential. The two aren't opposed to each other. Like Erik Voorhees tweeted the other day.... "Bitcoin can be *both* in a bubble and underpriced, simultaneously. It depends on your timescale. Remember the poor fool who bought at $31 in mid 2011 at the top of that bubble..."By traditional measure, like I said in my original post, you came to the conclusion that Bitcoin is a bubble. If we also look at it from the perspective of behavioral economics, and what percentage of the herd has common consensus on the future direction of Bitcoin, there are still many individuals with different biases. During the tulip bubble, few people thought the price would go down, as is the case with nearly every other bubble. Bitcoin has undeniably reached critical mass, but I wouldn't go so far as to label it a bubble until we see how the other 95% of people in the world who don't use Bitcoin react to it. This 95% is a highly generous estimate, using America as a baseline for the entire world. I really like how you brought behavioural ecconomics and the fact that the current market is a fraction of the potential market into the discussion. Where a bubble exists with investors aware that price far exceeds value, it is typical for all investors to closely watch the market while hovering a finger over the 'sell' button. This way they have a slim chance of being the second-greatest fool. Then, when the bubble-price drops, it plummets quickly and keeps going until consensus is reached that the investment is valued at its real worth. If you look at the price history of bitcoin, this is not what happens. The price drop is steep, but the 'current value' baseline is never too far below the peek it dropped from. For me, that is a clear indicator that it is not a bubble. Bubbles pop. Bitcoin declining by over 60% in 2014 after a 5000% runup....isn't a bubble popping? Then what would you consider the housing crisis, which was belied by assets runup and decline far, far smaller in magnitude than that. It seems by using BC's line here....that people in 2013 would have been wrong if they correctly called that as a bubble....because an even far smaller percentage of the herd had heard of the concept, much less believed in it. Agree to disagree, but we are most certainly in a bubble, imo. Yes it has been an extremely animated visualization of the boom and bust cycle, with the rapid BTC price rise in 2013, two year correction period and subsequent recovery. Maybe DNotes' economics expert wants to weigh in on the matter, what do you think TeeGee? I tend to take more conservative and 'patently obvious' positions that factor in current industry trends, that may not be helpful for future price speculations. But I may give it a try. Generally, my belief is that prices of an asset will reflect its underlying value over the long term. It is for this reason that we decided to make DNotes into more than just a currency, and to back it with an ownership claim against the profits of a business ecosystem that also works to add value to the DNotes currency through proprietary applications. It may well be the case that many currencies are in a bubble. At this present time, the industry is sorting through what is good, and what is not, and this process takes time. In the long-run, currencies that do not offer any real intrinsic value will likely go to zero. I also think that long-term prospects are dictated by industry interest and consumer acquisition -- which the industry is currently drawing in unprecedented amounts of new users and capital. Let's say that currently 1% of people own cryptocurrencies, well what happens when that number reaches 2.5%, 10%, 20%? There is also the addition of futures markets -- markets where contracts of the non-physical asset are traded, that heavily influence, or in fact drive the real physical assets price. There could be a situation where Bitcoin's intrinsic value proposition as a decentralized currency (which is not exclusive, but for now it is preeminent) continues to rise for its users, and the number of users continue to grow, but futures market speculators may work in the opposite direction, for institutional money can leverage large sums of capital to 10x, 20x, or even 100x, and easily offset the real purchases of tens of thousands of new users. That said, if market sentiment was that positive, the futures markets would likely reflect these industry customer acquisition growth figures. It tends to be the case that due to our innate biases, that bullish news and speculations "makes sense" to crypto holders (hodlers), and bearish outlooks make sense to those who never got involved or who are motivated by different ideologies (nocoiners). I would not be surprised to see large swings either way. In the medium term, I wouldn't' be surprised to see Bitcoin reach well over 100 thousand US dollars based on current growth trajectories and industry interest. I do not think that the cryptocurrency industry is prone to the same types of implosions that fiat money markets are, where limitless money printing makes the underlying asset markets less stable once a hole grows large enough -- where the original investments were only made possible by relentless central bank money printing and bank lending. With cryptocurrency, those inflation growth rates are predictable, and no other entity is just printing more money. A large number of margin calls on futures contracts (which are purchased in dollars) could adversely affect the Bitcoin price if the amount of money going into Bitcoin begins to slow down too much. I don't think the Bitcoin markets are large enough at this time to negatively impact the world economy to any significant degree at its current size, but if it were 100+ T, then we could reanalyse that. Everybody is saying it is a bubble, the people involved in the industry question that themselves. To me that seems somewhat of a hint that it may not be. I haven't met anybody yet who is invested, and hasn't considered that it 'could be' a bubble. Peak investing naivety requires investors to no be aware of that possibility. Who knows? I'm watching. It seems as though many of the investors I've read are taking a similar approach to this Tim, and great post. It is still a new industry, relatively, and it looks like investors who have been investing in this industry for a while seem to be taking the approach that it's not one thing or another until proven. That leads me to believe these markets are not acting entirely as the other industries and markets have, though I'm sure there is a lot that does. |
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Not trying to spam the thread with posts here guys, but I wanted to bring up the increase in cost of Bitcoin transaction fees over the last year. https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlDec 8th 2016 average transaction fee - $0.26 USD Dec 8th 2017 average transaction fee - $27.20 USD Any thoughts on the implications this will have on the industry? Brandon, your posts are consistently novelle and insightful. I'm always pleased when I see something new from you, and maybe I put more stock in your advice than is wise, only time will tell. Also, you can't take credit for 'spamming' when you bring such variety. As for the effect of transaction fees becomming unworkable, I posted earlier: I'm seeing awareness of the fact that you don't need to be a whole coin growing, which is working as an attractor for people who see bitcoin like buying a 'scratchie card' for $5 to see if they'll wind $20 with a vague hop of much more.
The thing that I see stopping a massive generalised public gamble from occurring is that the stakes are automatically raised by the current transaction fees. To make the $20 fee worthwhile, you need to be $100 or more on this new wheel of fortune. But if a fork comes through that successfully drops that transaction fees to keep them under one dollar, I'm expecting a massive price spike as petty investors flood the market.
Of course there's the other effect of businesses refusing to continue accepting bitcoin, like Steam. As I see it there are two likely final outcomes: 1) Bitcoin is no longer used for small or regular transactions and functions more like gold as a storage of value that is difficult and expensive to transform. or 2) The bitcoin community recognises their current software is significantly decreasing the potential value of their holdings and upgrades their system to something that enables fast and cheap transactions for the foreseeable future. This is just as likely to come in the form of a hard fork. Sorry Tim, I missed that post of yours when skimming through the forum, but glad I could help illustrate your point. I do think either of those scenarios are distinct possibilities, but even if these challenges are overcome or averted, how long will it be until the limits are reached again under the new implementation? Will those changes bring about new ways Bitcoin can be exploited for personal gain? Can Bitcoin even change its core programming to accommodate solutions to its inherent problems, or will a patchwork hold? You don't have to answer these, I'm just kind of musing to make people think. Bitcoin's Lightning Network might alleviate some congestion, but if it fails or doesn't live up to expectations I think it's safe to say that BTC will be hard pressed to function as a currency for day to day commerce. I am curious to see how much impact on transaction fees it will have, as the majority of transactions they will likely facilitate are dust (micro), which are usually sent with zero transaction fees anyways. What incentive is there for lightning network upkeep? That's why right now these transactions are getting backed up in the mempool and can take forever to send, because there is no monetary incentive for miners, and the miners always process the most profitable transactions first. Asking questions that you don't want answered; how can I resist? I believe that it is incredibly hard to predict all of the brilliant ways people will find to misuse and abuse new technologies. But even so, the most effective way to design something with long-term usability is to predict as best as possible the total future use, and work back from there to design it. I've done a lot of database projects and learnt how important it is to get the foundations scoped out to the greatest possible extent, even if your initial project will barely touch its potential. So in the case of a cryptocurrency designed for everyday use by all people for all transactions we need to ask, not only how many daily transactions are made by the averaged world citizen, we also need to ask how many more transactions could be made if it was faster, easier, cheaper, automated, borderless, more secure, and enabled fractions of a cent. Then while considering moments of daily peak usage, establish the number of transactions per second that would be required by multiplying that averaged world citizen by a future population estimate. That will give you a benchmark for the required capacity. Then you've got the basis to calculate transaction speeds, and blockchain growth rates. None of this is hard to do for a rough estimate. And while the numbers might look mind-boggling, they are nothing compared to the sort of calculations required when rendering a CGI movie or other processor intensive tasks. But it soon becomes very clear that all current cryptocurrency designs are woefully inadequate to our future requirements. I've been developing some ideas that turn a lot of the current systems inside out, or other metaphors that horrifically distort our sense of space. And as with all untested ideas, I'm very confident that there are good solutions available. And I believe that these solutions could be applied to bitcoin. This is because bitcoin is nothing more than a blockchain that is written to by a network of programs that enable updates through group consensus. But because the solutions that I imagine are so radical, I'm happy to predict that the final winner is much more likely to be done as a hard fork. But in general terms, yes. It is possible to create a system where the only conceivable way of overloading the capacity is for a population too big to be sustained by earth to make more transactions per second than could possibly provide any form of meaningful benefit. It would never need to be updated or upgraded to remain functional. This is because of some curious properties of network effects where only a minimal number of nodes with high-uniqueness connections are required for a network to have very short paths between any two given nodes and as the network grows, this property gets more effective, not less. But what I'm talking about above is an end-game scenario. This is not required as the next great leap forward in cryptocurrencies. I'm of the opinion that shifting to POS like DNotes2.0 will deliver enough benefits to enable transaction fees to be reduced and block generation times to remain short for a much wider adoption and more frequent use of cryptocurrency. Instead of nodes doing thousands of redundant calculations to support the network and verify the blockchain, POS functions with a tiny fraction of that processor capacity. This enables much more work to be done efficiently and this solves many of the current problems. Then during this period of greater usage and adoption, the final solution can be designed and tested. Thanks Tim, I believe you are correct in that it will be an evolution, and the evolution is critical to getting to the end result. Bitcoin may or may not be a major contender in everyday transactions, or play other significant roles in the foreseeable future, but the story doesn't end there. The technology will continue to grow within bitcoin itself as well as outside of it and begin to meet the criteria needed for everyday use in the real world. I think the most underrated factor here is connecting to the real world, in a way that really makes sense and makes it functional, without causing unnecessary additional burden. |
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Thanks, Brandon. I think all your statements are very true. This is our turn, as a community, let's see how we can fine tune our message and get words out.We can use a few objective and unbiased articles addressing relevant issues.
"We can use a few objective and unbiased articles addressing relevant issues."Could you please elaborate on this a bit so everyone is clear? There may be someone in the community that could help out by contributing an article.  Are the articles for the promotion of DNotes? Or, does the "objective and unbiased" mean the article is 'coinless'? In "addressing relevant issues", are you looking for material on issues that DNotes 2.0 will address? Any specific issues or ideas? Thanks, Chase. I left it open-ended on purpose. I had a conversation with Joe on this subject earlier. He will be coordinating to encourage our community to start working on a list of subject matters to cover - using multiple print media and social media platforms. This should include articles for DCEBrief, DNotesEDU, LiknedIn, Blog Posts, Facebook and other social media. Additionally, we will be issuing press releases 2 to 4 times a month beginning in January. I envision that we will have a press release update on each of our ecosystem, as well as our family of CRISPs. They are all just as relevant today; in fact even more so. This is the time we need our community to pitch in the most. Free free to share any ideas you may have. Thanks. I have a few ideas for the list of articles and other material that the community could help with: For DNotesEDU: 1. We all know how time consuming it is when the same questions get asked over and over on the forum. We can have a Frequently Asked Questions about DNotes, on the DNotesEDU page, and steer people there for answers. It would be really appreciated if someone could help round up all the important DNotes questions (and the best answers that have been given) from the forum. We can also add any other potential questions that we think will arise with DNotes. 2. Educational material on the following subjects: cryptocurrency in general ( unbiased and with no specific coin mentioned), bitcoin, DNotes, or blockchain - Since this is for educational purposes, it needs to be easily understood by beginners. - Educational posts, articles, steps, infographics, short videos (?), easy to follow how-to guides, etc - Social media sized images for DNotes or DNotes properties that can be shared - info, facts, charts (ie. comparing POW and POS, benefits of_____(something DNotes related), etc. - The easiest ways to buy bitcoin in _________(your city, state, province, or country). Make it simple enough that a beginner can follow it without help. Later on, we can do this for DNotes. Article Ideas anyone?? 1. That is a fantastic idea! We can come up with a list from support emails as well. 2. ICO research is a good topic I think. What exactly are you investing in? Did you read the details of the sale? How to find out more? Where to find information? https://www.smithandcrown.com/icos/ |
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Apologies in advance, and, I hate to bring it up again but, any idea what is going on with DNotespool? Been days now without a payout, lots of errors, etc. I have a LOT of DNotes trapped there at the moment, just a bit concerned. I moved my hash elsewhere until it gets sorted but would like to know where this is going... Thx
No need to apologize. I know he's been struggling with it. I'll get an update. RJF, would you give it a whirl now and let us know if it's working for you? |
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Apologies in advance, and, I hate to bring it up again but, any idea what is going on with DNotespool? Been days now without a payout, lots of errors, etc. I have a LOT of DNotes trapped there at the moment, just a bit concerned. I moved my hash elsewhere until it gets sorted but would like to know where this is going... Thx
No need to apologize. I know he's been struggling with it. I'll get an update. |
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Wow, you guys are really stepping up for me. Great discussions. Thank you.
The commitments have been made. We are now actively working on our funding using Reg. A+ mini IPO Title IV Tire 2 to raise up to $50 million from accredited and non-accredited investors worldwide next year. This is a big project that need a lot of professional involvement, making it quite expensive. Accordingly, we are considering offering a Reg. D 506 (c), available only to accredited investors to fund the mini IPO. This is a common strategy and encouraged by the SEC.
I am extremely busy focusing on the most critical issues and getting the most important things going as quickly as possible. We have already retained the services of Laura Anthony of Legal & Compliance, LCC and I will be selecting an accounting and PCAOB auditing compliance firm next week.
Joe and I have been combing the entire Chicagoland area in search of the best software development team to work with us. We will be interviewing several companies that have expressed a strong interest. We are also planning to hire one or more qualified software engineers as part of our expansion project.
Yes, we are totally committed to making DNotes a technology leader. This is a multiyear project aimed at creating a fully integrated ecosystem most favorable for mainstream acceptance of DNotes. Our priority is to launch DNotes 2.0, migrating from Proof of Work to Proof of Stake. Following that multiple projects will be initiated to work in parallel with strong emphasis to support NextGenVC and our clients.
NextGenVC’s core mission is to assist early growth stage, and established companies with great growth potential but constrained by other issues. NextGenVC has multiple missions: raise adequate funding to solve multiple deficiencies; introduce clients to digital currency and blockchain technologies; revitalize corporate culture and more by the book “Improve Your Odds – The Four Pillars of Business Success.”
DNotes is uniquely different. It is more than a digital currency but a complete system with many critical parts. I can not solve any of the Bitcoin problems as they are, but I am confident that, having been built from ground-zero over the last four years, DNotes will solve most of the problems inherent to Bitcoin and other digital currencies. DNotes will prevail because of our clearly articulated vision and relentless commitments.
We have had great findings so far and many of the development teams that are very interested to work with us, seeing the potential of DNotes. Have a few interviews lined up for mid next week, keep you posted. |
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Not trying to spam the thread with posts here guys, but I wanted to bring up the increase in cost of Bitcoin transaction fees over the last year. https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlDec 8th 2016 average transaction fee - $0.26 USD Dec 8th 2017 average transaction fee - $27.20 USD Any thoughts on the implications this will have on the industry? Innovation in the altspace, imo. When people saw that altavista sucked, that creates room for Google and Yahoo and Bing. But in this space, I think Altavista itself improves by virtue of the others, as opposed to being killed by them. Someone was looking for comments on this on Facebook https://theoutline.com/post/2592/bitcoin-is-none-of-the-things-it-was-supposed-to-beWhich I agree, bitcoin is certainly not today what it was envisioned to be, but it opened the gates for the us to make it happen. Whether or not bitcoin will continue to grow in it's current iteration, continues as the gateway to the digital space, a fork off over takes it, or it carves itself out as it's own ultimate niche, who really knows, there are a lot of variables at play. What I can say for sure is that DNotes is taking it's own path to achieve many of these goals with clear direction and strategy. |
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Ignore the coin pitch at the end of this article. It is what the author has to say about bounties that could be another blow to ICOs. He does mention cryptocurrency a few times, but it sounds as if the bounty crackdown would only be for securities (ICOs). Rest in Peace, ICO Bounty Programs - https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867 That is pretty interesting. I do remember when the FTC was cracking down on the affiliate marketing people and made the requirement for disclosure as promoting products disguised as genuine appeal for the product. I am always suspicious of articles that promote a product, utilize expertise to gain confidence and sell the user. Thus the statement at the bottom "He is a co-founder at benjaCoin and advisor to several ICO projects, including RetailCoins. #disclosure". I suppose in this case the product is the ICO or investment and it could be true that the FTC is investigating, but I would think they would issue a formal statement if that were the case, just as they did with the bloggers and affiliate marketers. "I am always suspicious of articles that promote a product, utilize expertise to gain confidence and sell the user." I agree, and it's too bad he didn't end the article before the pitch, so as not to lose the trust of the informed reader. There are a lot of misleading statements in the article and very confusing. I am not aware of any specific bounty crackdown. However, if the ICO is deemed illegal for lack of registration or exemption, the associated bounty token is likely to be illegal as well. SEC Chairman Jay Clayton just made this statement: “Investors should understand that to date no initial coin offerings have been registered with the SEC.” https://www.crowdfundinsider.com/2017/12/125792-sec-chairman-jay-clayton-issues-statement-initial-coin-offerings-cryptocurrencies/In the same article, he added, “Specifically, we concluded that the token offering represented an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.” Since it is illegal to sell securities that are not registered or exempt with the SEC this confirmation from the SEC Chairman is very troubling. I think the author may have been applying existing regulations to bounties, and since the SEC casts such a wide net on what constitutes a security and who has to follow the rules, he may be right. The SEC did issue a statement on "celebrities and others" promoting ICOs and that they must disclose they are getting paid. It is the celebrity side of the story that garnered all of the headlines, and no one paid attention to the "and others". Statement on Potentially Unlawful Promotion of Initial Coin Offerings and Other Investments by Celebrities and Others"...Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion. A failure to disclose this information is a violation of the anti-touting provisions of the federal securities laws. Persons making these endorsements may also be liable for potential violations of the anti-fraud provisions of the federal securities laws, for participating in an unregistered offer and sale of securities, and for acting as unregistered brokers. The SEC will continue to focus on these types of promotions to protect investors and to ensure compliance with the securities laws."https://www.sec.gov/news/public-statement/statement-potentially-unlawful-promotion-icosGood point, the SEC did make an announcement. Of course that doesn't mean their can't be bounties or affiliates or even celebrity endorsements, just that there is proper disclosure. If you promote a product that you believe in, it's fine, but if someone is paying you to promote the product it needs the proper disclosure. |
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Ignore the coin pitch at the end of this article. It is what the author has to say about bounties that could be another blow to ICOs. He does mention cryptocurrency a few times, but it sounds as if the bounty crackdown would only be for securities (ICOs). Rest in Peace, ICO Bounty Programs - https://hackernoon.com/rest-in-peace-ico-bounty-programs-fc1e1e04e867 That is pretty interesting. I do remember when the FTC was cracking down on the affiliate marketing people and made the requirement for disclosure as promoting products disguised as genuine appeal for the product. I am always suspicious of articles that promote a product, utilize expertise to gain confidence and sell the user. Thus the statement at the bottom "He is a co-founder at benjaCoin and advisor to several ICO projects, including RetailCoins. #disclosure". I suppose in this case the product is the ICO or investment and it could be true that the FTC is investigating, but I would think they would issue a formal statement if that were the case, just as they did with the bloggers and affiliate marketers. |
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Just noticed today that Craiglist.com now has a button you can check that says “cryptocurrency ok”. It brings up all the stuff listed where the sellers will accept cryptocurrency for. It was interesting to me that the box said “cryptocurrency”, instead of “Bitcoin”, or even “bitcoin”. What also interested me was the number of items that the sellers would accept Bitcoin. Was a lot! I think that sometimes, when we are immersed in our industry, we tend to not recognize how the public perceives this industry, and we sometimes miss, or underestimate the impact cryptocurrency is making. I, for one, continue to be amazed at how much John Q. Public really does know about Bitcoin, in particular. It seems to be catching on quicker that I imagined.
Smokey
It certainly appears the mainstream audience is starting to recognize more and more that there are other solid options aside from bitcoin. Bitcoin is of course still the industry leader, but I do remember when people wouldn't even talk about anything aside from bitcoin. Then it became all about blockchain, and don't bother unless the conversation includes blockchain. Now we may be reaching the period where the whole industry is being recognized and people are realizing there are a lot of options and choices. This will be the perfect time for DNotes to really start to shine. |
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From a few weeks ago:
Can we see later Masternodes ? because now i think will be best time to buy some Dnotes for masternodes .
Our focus right now is to ensure that everyone is able to participate in our programs and rewarded on a equal playing ground as much as possible. However, we do plan to have additions to the capability of the network, which would likely require a technology such as a master node. As we progress towards those goals, we will absolutely consider master nodes technology, but I cannot say at this time as we take it very seriously and want to ensure our upgrades are out of necessity and a need for the functionality. I cannot provide a direct answer to your question and I do not want to lead you down the wrong path in the event we don't adopt a master node like system. I'm not super familiar with the technology, but my understanding is that you need something besides a bunch of PoS wallets to ensure network security and stability. That "something" can either be a masternode or a PoW that goes along with the PoS. When it's just PoS, you have opportunities for compromise and overall network instability. I hope this is being taken into consideration. Understandable, there has been a lot of debate about PoS and PoW, which is better and the vulnerabilities of each. Both PoW and PoS the ability to be compromised, but they all require bad actors to dedicate an enormous amount of resources to not only attack the network but also sustain that attack, amidst working against the entirety of the network and those responding to the problem. What I can tell you is the security of the blockchain is among our highest priority. This is in part where DNotes model comes into play, not many players in the industry can dedicate resources to not only the security of the blockchain but also setting up systems, early detection, trigger warnings, watchdogs if you will, etc... |
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Did quite a bit of recording the last couple days for the Four Pillars book video series. We are now recorded up to Chapter 12, it may take a bit to get them all up. Chapter 7 - Organizational Structure and Process Chapter 7 Concepts 1 & 2 Applying the Systems Approach to Organizational Structure Balancing Your Formal and informal Structures |
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Looking at my name you can tell that I am a holder. I have been in this from the beginning and loved how development was going. I have almost invested as much as I am willing to lose in this project. For a good amount of time I believed that this would be my ticket out of wage slavery and give me the ability to take control of my future and not be dependent on greasy business owners who have no interest in me beyond extracting my labor. When the price went to 10k+ sat I believed that it was the beginning of this dream coming true. Then the crash occurred and dnotes was delisted from poloniex driving what seems like the final nail in the coffin.
I understand and still believe you guys are in this for the long haul. I am in this for the long haul. I could cut my losses, well they aren't losses since I got into this at sub 100 sat, but I do not want to give up. I want to believe that this will turn around for the better and my loyalty will be rewarded. But as time goes on, this hope is turning to despair. I am going to take one last shot at this and put the last 500$ I am willing to lose on dnotes. I will wait one year for things to turn around. I will pray. Pray that I am making the right choice. Pray that when I continue to check in here monthly that there will something substantial being discussed. Pray that there aren't 100 more pages of news and discussion that have nothing to do with dnotes. Pray that dnotes 2.0 is released and actually brings something more to the table. Pray that there is something, anything, that pry's these nails and resurrects my faith in dnotes.
Please do not respond to this like you have the others who post here looking for info. I am not new to this and will see it as an insult. I just wanted to say my piece and get this all off my chest. If you want, please give me your reasons for the position dnotes is currently in and your plans to overcome the loss of credibility dnotes has suffered as a result of it's massive losses, terrible volume, and de-listing from poloniex. I understand that the price does not mean much to you "at this point" but it does for a lot of people. In fact, it matter to most people, including me. What is going to be done to re-invigorate peoples interest in this coin? Please, I am looking for thoughtful and meaningful answers to this question.
And with all this finally off my chest I will leave you to your work and hope this post is not just another nail, albeit small, but another nail none the less. Thanks for reading this and I hope by this time next year I will be able to provide a happier and more confident post on the future of dnotes.
P.S. dnotes is not my only hope of escape from slavery but it is my greatest.
DNotes has taken a very different path, it is a much more difficult one, but we believe it is the only worthy path. If I understand you correctly, based on this statement "Please do not respond to this like you have the others who post here looking for info. I am not new to this and will see it as an insult", then you may be not satisfied with our consistent messaging, what we have built, creating a foundation that will last supporting DNotes long term. This has been the message that we have shared from the beginning. We have not taken any shortcuts, or made any false promises. We know this strategy doesn't appeal to everyone, DNotes is a long term investment, and unfortunately it may not be the right investment choice for those who do not subscribe to the DNotes philosophy. |
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Looks like pool issues again tonight....
Just got in touch, apparently he has seen an increase of issues lately and investigating potential server issues. Not just the pool server, but other servers he has running as well. Right now it appears to mining ok, but the cron that is reporting the information, like findblocks is stuck or catching up. Just another update, "As long as the miners can connect to stratum then nothing is lost.", which is the back end that handles and records the information. The error message, such as "We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP." or "Findblocks disabled, new blocks will currently not show up in the frontend" are on the front end side, usually indicates there is an issue with the cron and updating information back to the website. He is looking into possible solutions to keep the cron running or potentially an MPOS update that may help with the issue. |
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Looks like pool issues again tonight....
Just got in touch, apparently he has seen an increase of issues lately and investigating potential server issues. Not just the pool server, but other servers he has running as well. Right now it appears to mining ok, but the cron that is reporting the information, like findblocks is stuck or catching up. |
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Everyone at DNotesEDU is keeping busy.  New post: What are Bitcoin Futures?In case you thought the whole concept of bitcoin was already too difficult to grasp for the average person, it is about to make friends with traditional financial products that very few people understand. Cboe Global Markets will be launching bitcoin futures trading later today, followed by CME Group Inc (Chicago Mercantile Exchange) also in December, and Nasdaq later in 2018. The move is certain to bring institutional investors into bitcoin, but whether or not it will bring the predicted stability to the market remains to be seen. Is adding leverage to an already volatile (unstable) market really going to help stabilize it? We are about to find out. https://dnotesedu.com/2017/12/what-are-bitcoin-futures/Very busy indeed, great job guys! |
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Nicely done guys! Very interesting to see the comparison from year to year, it gained a lot of traction this year. |
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Did quite a bit of recording the last couple days for the Four Pillars book video series. We are now recorded up to Chapter 12, it may take a bit to get them all up. Chapter 7 - Organizational Structure and Process |
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