Bitcoin Forum
June 20, 2024, 11:10:59 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 ... 214 »
1421  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 30, 2017, 06:38:36 PM
I am mining dnotes and the hash rate is around 250 KH/s with RX460. Is this a normal number for this display card?

Welcome to the DNotes forum j2ee! I have seen resources for scrypt based mining by video card, let me see if I can find them for you and I will edit this post in 5-10 minutes.

Edit: It would seem that is in range, similar cards it looks like they are running around 300k. https://coinad.info/gpu-benchmarks/
1422  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 30, 2017, 06:34:12 PM

https://dcebrief.com/op-ed-the-centralization-problem-bitcoin-and-bitcoin-cash/
1423  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 29, 2017, 04:09:15 PM
The next series of Four Pillars of Business Success videos are now available.

Chapter 5 - Strategy





Strategy and
Course-Correction




How Can You Recognize When
Your Strategy is Failing?




Strategy: Who’s in
Charge, Anyway?





Again, another great set of informative videos.

What I liked most about it is the underlying message that strategic thinking can be learnt and continuous usage of it will make it second nature. This is a really important point to make. In our current world we like to make idols out of people, and successful people are always portrayed as having unique talents and abilities. It is rare in media now to hear about how those talents or abilities were gained and trained.

Something else that I was glad to see in these videos was a focus on detail. Strategies without details are just broad plans that can't be followed or monitored. And monitoring implementation is the only way to avoid failure. I've seen a lot of strategic plans when working in government and as soon as I see vague or un-measurable goals, I know the plan won't be executed effectively. Experience has proven time and again, that if milestones aren't specific, they don't get reached. I've also seen strategic plans fail because the elements of the plan don't or can't connect to achieve the final outcome that is aimed for.

One notorious one that I recall, did little more than increase performance levels and required outcomes across the board by about 10–20% depending on teams. This was intended to increase net revenue by 15%. The whole thing was laughable because continuing to do what was causing a loss, and doing more of it, was never going to turn a profit. So there were all of these carefully laid out milestones to a goal that was in the other direction. And yes, it failed.

I know DNotes Global Inc has shared their broad plans as a road map, and I do understand that handing out the detailed strategic plan is not a strategic move, but at some time in the future, once all of the milestones have been met, and it has done its job, I really hope they publish their strategic plan as a learning tool for others.

Thanks TimMarsh, we fully anticipate DNotes Global Inc can one day be used as a business case study and a model to examine for future entrepreneurs along with the Four Pillars of Business Success book and package. As you mentioned the broad plans are all laid out, and much more static than the finer details of the strategy. Much of the finer details of the strategy are fluid and adaptive, you chose a direction, you research, you look at what has been done and what others are doing, you play it out in your mind, re-evaluate, adapt to the foreseen challenges and issues, and repeat the process. With as much planning and detail as you can muster, there will still be the unforeseen, which you will need to adapt to on the fly.

The guidance for entrepreneurs to build a successful business, as laid out in the book and membership site, are powerful and we believe they can have a meaningful impact on the business world. One small example: If you ask Alan, from his experience in helping business owners, what is the biggest issue... They often respond that they cannot find the right employees. Alan would in turn ask, did you put up an ad looking for bad employees? As to suggest are all employees bad, or is there another problem here. Now imagine if you can transform that mindset from an adversarial one, to one that serves the mutual interest of both the company and the employees with a unified purpose of fulfilling the company’s goals, missions, and the ultimate vision.
1424  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 28, 2017, 05:40:49 PM

People won't use cryptocurrency if it doesn't better their life, so why...
I think that mobile phone based payment systems will become the most common form of 'physical' transaction one day. It is likely that the most successful one will integrate with one or more cryptocurrencies, but equally as likely that it won't interact with more cryptocurrencies than the market accepted as competitors in the credit card industry.

So many people will move over to cryptocurrency when it is the simplest and most functional solution. I know after topping up my fiat currency hardware wallet two weeks previously, I've looked at it, and wondered where all the dollars went. I've also tried hanging onto all receipts and adding them up or entering them into a home accounting system. It was not fun. But using a mobile phone based wallet, I could have all my 'cash' expenditure information at my fingertips without doing anything.

Maybe New Zealand will lead the world on this, not China. I just read an interesting round up of many country's central banks' opinions regarding cryptocurrency. The most interesting part was this:

"The Reserve Bank of New Zealand, once a pioneer on the global stage with its early introduction of an inflation target, said Wednesday it’s considering its future plans for currency issuance, and how digital units may fit into those strategies. “Work is currently underway to assess the future demand for New Zealand fiat currency and to consider whether it would be feasible for the reserve bank to replace the physical currency that currently circulates with a digital alternative,” the RBNZ said in what it termed an analytical note."
https://www.bloomberg.com/news/articles/2017-11-26/what-the-world-s-central-banks-are-saying-about-cryptocurrencies
Any news TeeGee?

So even if the richest people in the world get into cryptocurrency in a big way, I still think that everyone will eventually join in because of its functionality. It is also more secure in that you can store the same value in a physical way in multiple locations that can't be stolen if part of it is stored independently. So sure, due to buying pressure, the value of a single coin might be inaccessible. But I don't see the single coin price having an impact on everyday people who can buy the fraction of a coin they need for daily purchases. A single bitcoin would have to be worth more than US$100,000,000 before the satoshi becomes a bad choice for buying coffee. At that point, a fork will add some more decimal places.


Mobile will play a huge role in the future of payments and cryptocurrency mass acceptance. It will have to be fast, adaptive to users habits, secure and recoverable, functional and simple to sign up and use. There are mobile cryptocurrency options today, but in order to use them there are trade offs in risk/cost/functionality and most of them are not easy. Progression will likely be done in phases, making it almost a seamless transition to the end user. The first step will be to integrate into the existing financial system, where there will need to be a trusted third party provider.

This is part of the role that DNotes Global Inc will play in the pursuit of bridging the gap between the centralized and decentralized with significant interest in making it cost effective as well as meeting the criteria above, in contrast to other third party providers without significant interest in the success of the currency itself. There will still be a desire and need for those tech savvy individuals that understand how to protect themselves and willing to take on their own risk, and we will help provide solutions for these individuals as well.

This is a great list of criteria for a successful mobile-payments app. I would like to add two extra things, that sit further down the priority list. Then some other numbered thoughts.

1) It must be able to work with multiple sources of funds, both fiat and selected cryptocurrencies. I'm thinking a partnership with Revolut would be worth considering. My guess is that most customers would not mind if it worked like a digital wallet that needs topping up from their preferred fund source. This would be especially true if it enabled 'draining' back into that fund source as well.

2) It must enable hotspot/mesh style mobile access via the seller's connection. That way ANY customer with a mobile device can transact even if they don't have a data connection at that time.

3) Another feature that would give the mobile application a significant advantage is non-sellers being able to accept mobile payments seamlessly. Often, and particularly as a parent, the money that came out of my wallet went to another person, not as a transaction. If this was easy to do, then it would truly feel like a digital wallet.

4) User defined limits and protocols would also give customers confidence. I could set a limit of $20 per instance and $100 per day for direct personal transactions. Then a higher limit to sellers and so on. I would even like to make settings for large planned transactions. So I could be buying a bedroom suite, and have transferred a lot more money into my wallet than I usually carry. But that large sum would be allocated to seller accounts linked to an Australian Business Number. I'd be much happier with that than walking around with a few thousand in cash.

I don't believe DNotes should expend energy or finances developing this solution. It is neither their core business nor their strength. Nor would it give their currency a market advantage because the world's most popular mobile wallet will work with multiple fund inputs seamlessly. But DNotes should be continuously on the lookout for and building relationships with all entities attempting this so that DNotes are an accepted fund source from the beginning.

DNotes should also be designing DNotes2.0 so that it uses standard approaches to integration into such a system as third-party digital wallets might expect. This would include fast transaction speeds, defined level of certainty after not too many blocks are forged, stable and functional api rules and so on.

What DNotes are doing really well, and possibly leading the market in, is recognising the importance of a stable price. Their POS shift stopping miner sales, and their generous staking rewards that include 12 month bonuses, all contribute to price stability. Also their long-term vision and steady progress, coupled with a well developed ecosystem makes it clear to investors that long-term trading is going to be more profitable than short-term trading. This price stability is very important for users wanting to transfer funds out of their DNotes account into a third-party wallet, because otherwise they would fear losing money if they transferred before a sudden spike in value. Without price stability, there would also be a huge reluctance to top up a wallet when the value source is perceived to currently be in an extreme, but very short term dip in value.

So if DNotes Global Inc gets DNotes2.0 right, I see them as being in a very strong position for early acceptance into all new mobile wallet projects. 

Excellent TimMarsh, there are some great ideas in here.

1) Agreed, although it is a long term goal in the overall project, we are interested in a multi-currency card which will extend to a mobile payment system.

2) We have looked at systems that operate in an offline capacity and still able to transact, many of the proposed systems could have exploits in a fully decentralized platform, unless there is a way to reach the online network. If one of the parties or someone in the mesh have a connection to the greater network, the authorization could be passed from one device to another and on to the network, this type of a system could work in either a decentralized or centralized payment network. Though I am sure there may be other implications we haven't fully realized yet.

3) Absolutely!

4) Exactly! Triggers will be a very useful tool for not only the individual in loss prevention and fraud detection, but also from the third party standpoint. The more you want to send, the more criteria such a system might require to enable the transaction.
1425  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 28, 2017, 04:52:57 PM
I bought into this ICO a while back, and now these guys are doing some things I thought DNotes might be able to learn from, or at lease watch them as  case study on how the are handling compliance issues. DCORP (DRP) is building a futures trading platform, so not the same arena as DNotes. A couple main things to follow:

They are converting their main ICO token into two different tokens, eliminating the original.  One is a "Utility Token" (DRPU)with double the voting rights, the other a "Securities Token" (DRPS) with equity/profit rights to the development.

They will have a "Token Changer" on their website to do this with.  Send in DRP, change out for either of the two mentioned above for no fee the first time.  It will be interesting to see the functionality of this.

They have the new U and S coins listing soon on different exchanges.  The two different versions will be trading at the same time(well, 3 including the original).

DRP will also require personal information to do this swap.  KYC, etc.  ....interesting

There's a few other things I like how there doing.  Weekly video updates with a real person, not animations.  Descent P.R.  Most found on their youtube channel.  Here's a couple links for your review.

https://www.youtube.com/watch?v=OXYo-R3MRl8
https://www.dcorp.it/
description of coin split  https://us10.campaign-archive.com/?u=be7fe07e359e8aa8f29f7000d&id=d0c84e6612
https://bitcointalk.org/index.php?topic=1928628.1800

I have mixed opinions on all this.  More interested in what our community thinks.

 

I have a very busy day on my schedule. Thank you, all, for some amazing posts. Tim’s list of mobile applications is very helpful. Please keep your great ideas coming.

Thank you, Denver Dan for sharing. Let me make a quick comment on DRP.

“We anticipate a substantial amount of DRP holders are based in the United States or other countries where it is very unclear as to what is or is not classified as a security.” I don’t mean to be harsh and wish that ICOs are not constrained by the lack of legal clarities. What I do know is that it is illegal to sell securities in the United States that are not registered or exempt with SEC.

Now what?  “Because of the nature of the smart contracts, DRPU and DRPS will not be listed on exchanges until after the tokens are unlocked. We encourage patience as we work to implement these changes in hopes that we will provide a lawful and safe network for everyone’s usability.”

Frankly, I have grave concern on this one. We can hope for anything. I fear that they may end with up many legal challenges that result in burning up a lot of money and time. And that could lead to a lot more uncertainties and challenges.

At DNotes, we believe in doing our home and do the right thing. There are many alternative funding options that are perfectly legal. We believe that in the best interest of our stakeholders it pays to avoid taking the risk of exploiting gray areas for possible loopholes.



My initial impression is that it seems like a strange way to do it--splitting the tokens into two other tokens. It might be a creative way to attempt to satisfy regulations. I don't think compliance is as complicated as some people say. I think the "sniff" test the regulators use is going to be: "If it walks like a duck, quacks like a duck..." In other words, if it in any way functions as an investment product, it's going to be considered a security by the regulators unless there are specific rules allowing for your particular "exception."

Thanks for sharing Denver Dan, I just read through their website / white paper / and watched a few of their videos. Interesting project, and though it may be difficult to enter the system, it looks like once you enter the system it will be fairly simple to use. I also appreciate that they appear to be real people and willing to put themselves out there. From what I understand they are trying to democratize VC and create a smart contract based exchange with a simple web interface and built on Ethereum. Because the token was created by crowdsale, they are considered a security and as a result are having trouble being listed on exchanges. So in order to circumvent this problem and get listed on exchanges, they split the token into two, which they are saying one is a utility token. Both tokens can be swapped on their platform and in theory the utility token should be free to be traded on non-security based exchanges. But wasn't the utility token derived essentially from the crowdsale?

It would still take much more research to fully understand where they are headed and I still have many questions. Some include, and don't worry about answering these, I am just posing questions for the sake of sharing my thought process and what I would look into next. Are the crowdsale funds used only to fund the project? If so, how does the project sustain itself long term, will there be future crowdsales? Will there be means for them to participate and take profit from the new projects created on their platform? Are new coins generated at the time of new projects being created or is it a fixed supply? What drives the value of the token? Is the token value relative to the success of the projects on the platform? What type of projects can be created on the platform?
1426  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 27, 2017, 11:36:44 PM
I read that too. ICOs as they are currently structured are of serious concern to regulators. They are good for the insiders but extremely risky for the average investors, with no consumer protections. ICO is great as an alternative funding tool when done side by side with legitimate crowdfunding. However it is much more difficult and expensive. None the less, that is what I support and believe will lead to. Meanwhile, those who can or dare continue to exploit ICOs to rake in a boat-load of quick monies. I agree with you "Watch out!"

Good points multibit, there is a legal framework for crowdfunding regardless of the platform used to raise funds. The SEC has already sent out a clear warning and DOJ is actively pursuing cases of clear fraud. Very well put "Watch out!". DNotes is taking a very different path to raise funds and create a model for others to follow and participate in, doing it the right way and following all the guidelines. It all ties into our model for NextGen VC.
1427  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 27, 2017, 11:26:45 PM
Did you reach the soft cap?

Welcome ned61thornton to the DNotes forum. Sorry, I'm not sure what you mean.
1428  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 27, 2017, 04:52:13 PM

People won't use cryptocurrency if it doesn't better their life, so why...
I think that mobile phone based payment systems will become the most common form of 'physical' transaction one day. It is likely that the most successful one will integrate with one or more cryptocurrencies, but equally as likely that it won't interact with more cryptocurrencies than the market accepted as competitors in the credit card industry.

So many people will move over to cryptocurrency when it is the simplest and most functional solution. I know after topping up my fiat currency hardware wallet two weeks previously, I've looked at it, and wondered where all the dollars went. I've also tried hanging onto all receipts and adding them up or entering them into a home accounting system. It was not fun. But using a mobile phone based wallet, I could have all my 'cash' expenditure information at my fingertips without doing anything.

Maybe New Zealand will lead the world on this, not China. I just read an interesting round up of many country's central banks' opinions regarding cryptocurrency. The most interesting part was this:

"The Reserve Bank of New Zealand, once a pioneer on the global stage with its early introduction of an inflation target, said Wednesday it’s considering its future plans for currency issuance, and how digital units may fit into those strategies. “Work is currently underway to assess the future demand for New Zealand fiat currency and to consider whether it would be feasible for the reserve bank to replace the physical currency that currently circulates with a digital alternative,” the RBNZ said in what it termed an analytical note."
https://www.bloomberg.com/news/articles/2017-11-26/what-the-world-s-central-banks-are-saying-about-cryptocurrencies
Any news TeeGee?

So even if the richest people in the world get into cryptocurrency in a big way, I still think that everyone will eventually join in because of its functionality. It is also more secure in that you can store the same value in a physical way in multiple locations that can't be stolen if part of it is stored independently. So sure, due to buying pressure, the value of a single coin might be inaccessible. But I don't see the single coin price having an impact on everyday people who can buy the fraction of a coin they need for daily purchases. A single bitcoin would have to be worth more than US$100,000,000 before the satoshi becomes a bad choice for buying coffee. At that point, a fork will add some more decimal places.


Mobile will play a huge role in the future of payments and cryptocurrency mass acceptance. It will have to be fast, adaptive to users habits, secure and recoverable, functional and simple to sign up and use. There are mobile cryptocurrency options today, but in order to use them there are trade offs in risk/cost/functionality and most of them are not easy. Progression will likely be done in phases, making it almost a seamless transition to the end user. The first step will be to integrate into the existing financial system, where there will need to be a trusted third party provider.

This is part of the role that DNotes Global Inc will play in the pursuit of bridging the gap between the centralized and decentralized with significant interest in making it cost effective as well as meeting the criteria above, in contrast to other third party providers without significant interest in the success of the currency itself. There will still be a desire and need for those tech savvy individuals that understand how to protect themselves and willing to take on their own risk, and we will help provide solutions for these individuals as well.
1429  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 27, 2017, 03:04:17 AM
Failure is not an option for us.

Wonderful to know, especially since I'm actively buying more DNotes now. Any idea on timing for the conversion to DNotes 2.0? I'd like to know how much time I have to accumulate more because I am pretty sure the transition will come with a major price hike.

I think DNotes will win the most undervalued coin of 2017 award!

"DNotes will win the most undervalued coin of 2017 award!"

Thanks, wiser. You have my vote on this one.

"Any idea on timing for the conversion to DNotes 2.0?"
February 2018 is still a good guidance.
I think poloniex delist dnote because want to buy more cheap , and now Whales are starting to  accumulate more Dnotes at cryptopia . It will not surprise me if Dnote will go in short term back to 2k sat first. Next year can be epic for Dnote. Buy dip so much how it possible .

There is certainly an opportunity to acquire some DNotes at today's price. But as we have mentioned previously, it is important not to invest more than you can afford to lose. Aside from the spike, the price seems to have gotten back to somewhat normal, at least from the dollar value side, BTC continues to break new record highs almost weekly it seems.
1430  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 26, 2017, 06:33:28 PM
That's a very insightful article. I've started to notice that the "new" coins that are most likely to succeed long term have to be more than just coins. They actually need to be entire ecosystems. You can see that especially with STEEM, which is powering an entire social network, and it has three different "currencies" within it (STEEM, SBD, and SP). DNotes is turning out like that but not exclusively through what's on its block chain, but more by its supporting "bricks and mortar" as well as internet-based infrastructure. If you want to start a new coin today, it has to be an entire ecosystem or it will be short lived.

The problem, though, as well as the path forward, is that all these coin/ecosystems out there are still isolated from each other and largely from the rest of the financial world. As the article points out they each have their own assets and investors and their ecosystems only really work as isolated entities. Breaking into what's going on in the rest of the world is a challenge. I think the next big thing in block chain technology, then, will be a coin/ecosystem that truly integrates with the rest of the financial space. It might take a while to get there, and it will need to be thoroughly thought out. I don't think it will happen randomly, though there is a remote possibility it could.

I for one am looking forward to learning more details about how DNotes is positioning itself to integrate in a more complete way with both the current financial space and the rest of the block chain based world. The coin that succeeds in effectively bringing those two worlds together in a meaningful way for ordinary people is going to in retrospect turn out to be the absolute best financial investment anyone could make now.

I can think of at least one now defunct coin that made a valiant effort in that direction, and its failure, while largely internal, also speaks to the magnitude of this challenge.

Absolutely wiser! It will take a massive effort, solid strategy as well as the ability to navigate many moving targets and challenges along the way. Failure is not an option for us.
1431  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 26, 2017, 03:36:50 PM

It's great to see this type of 'DNotes thinking' finally being recognized as what the industry needs to succeed.


Cryptocurrency tech needs a proper ecosystem to realize its true potential

"Cryptocurrencies and related distributed technologies need a proper ecosystem to become a significant and meaningful part of the finance ecosystem..."

https://disruptive.asia/cryptocurrency-needs-proper-ecosystem/

Agreed, this paragraph caught my attention.

To be clear, I fundamentally believe these new solutions and models can change the entire finance ecosystem. And obviously, we cannot expect to create the whole new ecosystem overnight. At the same time, it is crucial to understand the need to have a properly working ecosystem, some ideas on how to develop it and find the fundamental missing links.
1432  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 25, 2017, 11:17:07 PM
The next series of Four Pillars of Business Success videos are now available.

Chapter 5 - Strategy





Strategy and
Course-Correction




How Can You Recognize When
Your Strategy is Failing?




Strategy: Who’s in
Charge, Anyway?



1433  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 25, 2017, 10:56:18 PM

It's all so obvious in hindsight:


The Dot-Com Bubble Bursts:  New York Times - December 24, 2000

A year ago Americans could hardly run an errand without picking up a stock tip. Day-trading manuals were selling briskly. Neighbors were speaking a foreign tongue, carrying on about B2B's and praising the likes of JDS Uniphase and Qualcomm. Venture capital firms were throwing money at any and all dot-coms to help them build market share, never mind whether they could ever be profitable. It was a brave new era, in which more than a dozen fledgling dot-coms that nobody had ever heard of could pay $2 million of other people's money for a Super Bowl commercial.

What a difference a year makes. The Nasdaq sank. Stock tips have been replaced with talk of recession. Many pioneering dot-coms are out of business or barely surviving. The Dow Jones Internet Index, made up of dot-com blue chips, is down more than 72 percent since March. Online retailers Priceline and eToys, former Wall Street darlings, have seen their stock prices fall more than 99 percent from their highs.

Unlike the worrisome decline in the stock prices of solidly grounded technology firms due to a slowdown in profits, the sharper plunge taken by some of the trendy Internet companies that had no earnings in the first place has proved comforting to those who believe in the rationality of markets. After all, many of them lacked one key asset -- a sensible business plan. Even the most traditional brokers and investment banks set aside the notion that a company's stock price should reflect its profits and urged investors not to miss out on the gold rush. At the craze's zenith, Priceline, the money-losing online ticket seller, was worth more than the airlines that provided its inventory.

The current sense of despair in the dot-com universe may be as overdone as last year's euphoria. The Internet, after all, really is a transforming technology that has revolutionized the way we communicate. What recent months suggest, however, is that it may not be an indiscriminate, magical new means of making money.

Woeful tales of visionary innovators failing to capitalize on their revolutionary new technology are not new. The advent of railroads, the automobile and radio, to name other watershed innovations in history, also led to many a shattered dream. The number of failed auto makers far exceeded the number that ultimately succeeded.

In this holiday season, the financial implosion of so many dot-com retailers seems particularly cruel. It is not as if consumers do not appreciate shopping online. Online sales this season are expected to be about two-thirds greater than last year. But it is not the innovators who are reaping all the benefits. Online retailers are losing market share to the likes of Wal-Mart and Kmart. This holiday season, online sales of traditional retailers, initially hesitant to embrace the Web, will outpace those of the pure dot-coms for the first time.

The endearing Pets.com sock puppet is a fitting mascot for the demise of the dot-com mania. Less than a year ago the spokesdog for the online pet-supply retailer was starring in some of those $2 million Super Bowl commercials. Now, in the wake of his master's bankruptcy, he is looking to shill for another company -- one that can actually make money.

http://www.nytimes.com/2000/12/24/opinion/the-dot-com-bubble-bursts.html

Great find Chase, thanks for sharing. It highlights some important lessons learned from our history that can be applied to cryptocurrency.
1434  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 25, 2017, 04:25:00 PM
A short clip from Alan's interview with Adam Chapnick from ICOInvestor.tv. ICOInvestor.tv is fairly new to the industry and they are just getting started, so we don't know when or if this interview will air, but here is just a short segment from the interview.


https://youtu.be/TPMuX0vgBhE



Great point in the video, I have a couple secondary questions on this (for anyone who feels like chiming in). There is some agreement in the industry that mass adoption will solve cryptocurrency's volatility. The problems I see in this are:

1) Any currency that has a severely restricted incoming supply would see prices absolutely skyrocket if there was a 'mass acceptance sized amount' of investment being pumped into the market, how could these currencies ever achieve stability once their growth period has ended?

2) Using fiat investment as the main driver of mass acceptance means that the exact same people who control most of the money now, will likely control cryptocurrency. Could this negate any chance there was at using cryptocurrency as a means of financial inclusion? People won't use cryptocurrency if it doesn't better their life, so why would they switch monetary systems if it's just going to put them further from the top?

As long as the interest and demand grows, if no new currency is created, then it has to rely supply of people willing to sell. I believe you are correct that something like a bitcoin, as it stands today, it would be difficult if not impossible to achieve equilibrium and relative stability over the longer term. DNotes goal of stability is not a perfect level of value, but growing value slowly over time without disrupting day to day financial activity.

There are multiple issues in regards to financial inclusion. I think in terms of equal financial opportunity rather than strict equality or equality of outcome. Whether you start with very little money, should not impact your ability to grow at an equal rate as everyone else. We know that fiat will have less value over time, a savings account offers a negligible yield, investing in stocks can be risky and require specialized knowledge, not to mention the cost can far outweigh any gains when dealing with small amounts, among many other things that make it difficult for someone with not a lot of money to benefit from the financial system. But imagine if the value of your money could grow slowly over time, because value isn't extracted from the currency, along with a modest interest.

Whether or not someone enters the system with a lot of money, in a system like DNotes is creating, should have no impact on the individuals starting with very little ability to benefit from the system. I believe that is very different than the existing financial system, and benefits everyone.

I really liked the above post, and the direction that DNotes is taking in regards to growing its ecosystem and money supply.

A lot of people do draw attention to Bitcoin's deflationary nature, but what a lot of people forget is that inflation is not necessarily a bad thing. Back in the 1800s banks would often issue more bank notes to allow seasonal workers and farmers to have enough money during harvest seasons etc. When demand for tokens outstrips the supply, there shouldn't be much of an issue with more units coming into existence, and this is an issue Bitcoin may face.

The real issue with inflation is when it occurs without any sort of intrinsic value attached to it. It no longer works in the central bank world in my view because the dollar is an infinitely printed token that isn't backed by anything. Currency is, and should always be a reflection of value produced. Inflation becomes a dirty word when it occurs without any new value created to back the issue of the newly minted units. In crypto, the new money works as a liquidity vessel, and in the case of DNotes in particular, the tokens represent an ownership claim against DNotes Global -- a company whose modus operandi is to create value for DNotes currency.

It is only when we cross the rubicon, and money creation becomes a value-soaking activity, rather than a value-creation activity that a currency is done for. It is my view that we see this when it comes to Central Bank operated currencies who print money for their government's spending purposes, without any actual new value being created in line with the new tokens.

In contrast DNotes Global will be creating additional value into the DNotes currency with an array of business activities that include a storage vault, book and business subscription property, crypto news website, and hopefully soon a regulated digital currency exchange among other exciting things the mini-IPO will enable us to offer. I can see (some) issues with the deflationary nature in Bitcoin, and definitely others in the valueless inflation in current mainstream money. I think DNotes has the right approach.

Been very busy working lately, apologies for being quiet.



Great answers guys, exact same line of thought as I had followed, albeit in much better detail.

This conversation reminds me of the need for financial and investment education especially when it comes to cryptocurrency. It is another piece of the financial inclusion puzzle. There is a lot to know, how the different financial systems are configured and the impact it has on the individual, how to research your investments, understanding risk and risk management. Cryptocurrency and blockchain have opened a whole new category of finance and investment.

1435  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 25, 2017, 04:15:41 AM
Those are some very good questions, and ones that I hadn't thought of before.

At this point, anyone who gets involved with a cryptocurrency is an early adopter, and as such, will have early adopter advantage. I think that once cryptocurrencies truly go mainstream, it will be more difficult for people to put in small amounts of money and see their investments grow 100 times or more. However, I think that the next stage will be that people can use cryptocurrencies to buy stocks and things, and there will always be new ventures that people could invest in. I actually believe that some of the US regulations do make it more difficult for ordinary people who aren't wealthy to have access to some good investments. For example, recently there have been a number of ICOs launched in the US which will only allow accredited investors to participate. In that case, people like me are excluded and if they turned out to be good products, then I miss out on the financial opportunities. For this reason I am super excited about the micro-IPO provision that Dyna and the DNotes team discovered. That is seriously an amazing find!

When a coin starts getting adopted by a much wider group, the price will go up, but it will hit a point where people won't pay any more for it and then it will come down and eventually reach an equilibrium until another mass adoption event happens to push the price up. The secret here is to always have a good reason for someone to buy DNotes. If they didn't get in on the very first price hike, if it's a good project (which it is) then there will always be another price hike when it picks up a new market, and in between the price should be pretty stable I would think.

As for the current wealthy (hedge fund managers and the like) getting involved, I'm not too worried about them. Sure, it's great if you happen to be holding the coin that they're suddenly interested in. But if they're really buying your coin for their clients, that's a good time to take some profits, because I think they can pump the price a lot because they have plenty of money, and that pump is less sustainable than the kind of pump you get when your coin gets into a genuine new market, i.e., a new group of genuine adopters.

I obviously don't have a crystal ball, so no guarantee that any of this will actually happen. But that's how I see it. Ultimately, a coin will rise or fall on its fundamentals, and DNotes has some great ones. I tell people that DNotes currently is one of the most undervalued coins in existence. But honestly, all the coins that are good are very much undervalued because so few people (relatively speaking) even know about them.

Thanks wiser, the mini-IPO is a great concept which allows for a much wider participation and flexibility. Alan is focused on identifying the best possible option for funding and navigating the legal framework that positions DNotes and DNotes Global Inc for the future.

You are absolutely correct, there is a lot of room to grow with this industry.
1436  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 24, 2017, 09:26:55 PM
A short clip from Alan's interview with Adam Chapnick from ICOInvestor.tv. ICOInvestor.tv is fairly new to the industry and they are just getting started, so we don't know when or if this interview will air, but here is just a short segment from the interview.


https://youtu.be/TPMuX0vgBhE



Great point in the video, I have a couple secondary questions on this (for anyone who feels like chiming in). There is some agreement in the industry that mass adoption will solve cryptocurrency's volatility. The problems I see in this are:

1) Any currency that has a severely restricted incoming supply would see prices absolutely skyrocket if there was a 'mass acceptance sized amount' of investment being pumped into the market, how could these currencies ever achieve stability once their growth period has ended?

2) Using fiat investment as the main driver of mass acceptance means that the exact same people who control most of the money now, will likely control cryptocurrency. Could this negate any chance there was at using cryptocurrency as a means of financial inclusion? People won't use cryptocurrency if it doesn't better their life, so why would they switch monetary systems if it's just going to put them further from the top?

As long as the interest and demand grows, if no new currency is created, then it has to rely supply of people willing to sell. I believe you are correct that something like a bitcoin, as it stands today, it would be difficult if not impossible to achieve equilibrium and relative stability over the longer term. DNotes goal of stability is not a perfect level of value, but growing value slowly over time without disrupting day to day financial activity.

There are multiple issues in regards to financial inclusion. I think in terms of equal financial opportunity rather than strict equality or equality of outcome. Whether you start with very little money, should not impact your ability to grow at an equal rate as everyone else. We know that fiat will have less value over time, a savings account offers a negligible yield, investing in stocks can be risky and require specialized knowledge, not to mention the cost can far outweigh any gains when dealing with small amounts, among many other things that make it difficult for someone with not a lot of money to benefit from the financial system. But imagine if the value of your money could grow slowly over time, because value isn't extracted from the currency, along with a modest interest.

Whether or not someone enters the system with a lot of money, in a system like DNotes is creating, should have no impact on the individuals starting with very little ability to benefit from the system. I believe that is very different than the existing financial system, and benefits everyone.
1437  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 24, 2017, 08:06:27 PM
The US Department of Justice is reportedly considering action against rogue ICOs

https://www.businessinsider.com/icos-us-department-of-justice-considering-action-against-rogue-ico-2017-11

The US Department of Justice (DoJ) is considering taking action against "initial coin offerings" (ICOs), according to a report in the Financial Times.

It is clear that there are fraud cases and bad actors looking to exploit ICO in an attempt to use new technology as a loophole to the rules without getting an official exception. Especially after the attending the World Funding Summit it is clear that there are guidelines to raising money regardless of whether it is an ICO or a more traditional approach. So I am not surprised they are actively seeking cases of clear fraud and looking to send a clear message.
1438  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 24, 2017, 07:59:01 PM
A short clip from Alan's interview with Adam Chapnick from ICOInvestor.tv. ICOInvestor.tv is fairly new to the industry and they are just getting started, so we don't know when or if this interview will air, but here is just a short segment from the interview.


https://youtu.be/TPMuX0vgBhE

1439  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 24, 2017, 05:32:37 PM
A couple more pictures the World Funding Summit has shared.


1440  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: November 22, 2017, 07:23:12 PM
Had to run a quick update on DNotesVault.com for anyone experiencing issues it is back up and running.
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 ... 214 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!