The writer's representation is quite misleading. There is nothing to get excited about. Microsoft is not creating a digital currency or helping the banks to build one. Creating a new currency in 20 minutes, 5 minutes or over a weekend and make the transaction confirmation faster than Bitcoin is not an issue of any significance. Building a trusted brand with lasting fundamental value that will eventually lead to mass acceptance as a medium of exchange is the biggest challenge of all that none other that DNotes is willing to undertake. This is what we are committed to do and we are continuing to build the building blocks and deploy them one at a time.

infovortice2013, thank you. DCEBrief is fine. I just checked.

It is exciting to see DNotes listed on Cryptopia. Joe will try the help out. I am committed to get something do by end of today.

I have been extremely busy lining up a number of projects for 2016. Hardly have time for much of anything else.

RJF, you are absolutely correct. Most people just don't get it and it does not help to a banker like Jamoe Dimon promoting a hidden agenda so that they can continue to enrich themselves. We are committed to stay the course and continue to do the "missionary work" we always believe to be highly essential. Long live DCEBrief!

This is a fairly lengthy article but a good representation on the “state” of the industry, especially as it relates to Bitcoin and digital currency. It is a clear expression of frustration that there is an abandonment of Bitcoin. “{watching as intellectuals and “thought leaders,” financial industry executives, technologists and even the media itself have fallen in love with “the blockchain,” “distributed ledgers”}”

Our industry is quite definitely going through another period of adjustment. The significant price increase in Bitcoin seems to be hurting altcoins this time, perhaps because the high price of Bitcoin is not the result of increased demand by price manipulation. We may just have to wait this one out until things settle a little more.

DNotes is very well positioned for 2016. With all the new development, I am even more certain we have been correct all along that the only way for a digital currency to gain mass acceptance is to have our own ecosystem and a for profit company to substantiate its value and be the party to promote and protect the interest of the currency and its stakeholders.

Say the Big, Bad ‘B’ Word: Bitcoin and the Internet of Money

By Jeremy Allaire, Co-Founder and CEO, Circle
November 9, 2015, 12:50 PM PST

It has been a bit amusing watching as intellectuals and “thought leaders,” financial industry executives, technologists and even the media itself have fallen in love with “the blockchain,” “distributed ledgers” and other phrases to talk about the innovation happening in how trust and value exchange work on the Internet.

Notably absent from this high-minded and purportedly insightful thinking is reference to bitcoin, the actual open platform that distributes trust and provides a highly secure ledger to exchange value around the world.

If bitcoin is referenced, it’s dismissively, as if smart people are in the know that bitcoin (the digital asset) isn’t necessary or important to fueling this global network of distributed and decentralized trust. For the most part, it’s just a cop-out and intellectual laziness; I have yet to meet anyone who shares these thoughts who actually has any idea how any of the technology actually works.  ……………….

Everyone, it’s okay to say the word “bitcoin” and acknowledge that it is the actual platform that is driving this innovation that we’re all building on. It’s also okay to say “the bitcoin blockchain,” or “the blockchain,” if you’re afraid that people will think you’re weird. But until someone actually builds, ships and scales a global open platform, open like the rest of the Internet, that can do what the bitcoin blockchain can today, there’s really nothing else to talk about.

Read More:
http://recode.net/2015/11/09/say-the-big-bad-b-word-bitcoin-and-the-internet-of-money/

"The invention of bitcoin − a digital currency − is nothing short of revolutionary," Chowdhry wrote. "It offers many advantages over both physical and paper currencies. It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries, such as Visa, Mastercard, Paypal or commercial banks, eliminating time delays and transaction costs."

I agree with every word of UCLA Professor of Finance Bhagwan Chowdhry.

If I were given the privilege to vote, I too, would nominate Satoshi Nakamoto for the 2016 Nobel Prize in Economics. The digital currency Satoshi invented is absolutely revolutionary. The DNotes team is dedicated to promote and protect the Digital Currency component of Satoshi's creation; and not limited to just the Blockchain technology like what the big banks are doing.

Quote From Ashley, today:

Satoshi Nakamoto has been nominated for a nobel prize!


Bitcoin inventor 'Satoshi Nakamoto' nominated for Nobel Prize in Economics  -  http://news.yahoo.com/bitcoin-inventor-satoshi-nakamoto-nominated


The inventor of bitcoin has been nominated for the 2016 Nobel Prize in Economics, despite no one knowing who the person actually is. The pseudonymous Satoshi Nakamoto is recognised as the creator of the cryptocurrency but various attempts to unmask Nakamoto's identity have proved unsuccessful.

Nakamoto's nomination comes from UCLA Professor of Finance Bhagwan Chowdhry, who was invited by the Nobel Prize committee to nominate someone for the 2016 prize. The digital currency technology was first described in a 2008 paper published under Nakamoto's name, which detailed a "peer-to-peer electronic cash system".

Chowdhry described the invention of bitcoin as "nothing short of revolutionary" in a Huffington Post blog detailing his decision. Bitcoin's underlying block-chain technology was also cited for spawning major innovations in the FinTech space.

"The invention of bitcoin − a digital currency − is nothing short of revolutionary," Chowdhry wrote. "It offers many advantages over both physical and paper currencies. It is secure, relying on almost unbreakable cryptographic code, can be divided into millions of smaller sub-units, and can be transferred securely and nearly instantaneously from one person to any other person in the world with access to internet bypassing governments, central banks and financial intermediaries, such as Visa, Mastercard, Paypal or commercial banks, eliminating time delays and transaction costs."

Previous attempts to reveal Nakamoto's identity have failed to deliver any concrete proof, though some believe that evidence points to cryptographic expert Nick Szabo. A five-month investigation by the author and financial writer Dominic Frisby concluded that Szabo is the only candidate capable of creating the world's most famous cryptocurrency.

Szabo has denied the claims to both Frisby privately and on Twitter publicly. Szabo's own privacy is closely protected, with very little information beyond his own blog and various academic involvements actually known. Whether or not Nakamoto is in fact Szabo, Chowdhry believes that the Nobel Prize nomination is unlikely to tempt the bitcoin's creator out of hiding.

"He will most likely not appear in person − and reveal his true identity given that he has chosen to remain anonymous all his life − to accept the award in Stockholm, Sweden in the formal ceremony in December," wrote Chowdhry. "I would be happy to go and accept the Prize on his behalf. What about the acceptance speech? That won't be any problem either. He can write his speech, digitally sign it and send it to me securely. I would, of course, rehearse and deliver it on his behalf at the Prize ceremony."

Welcome to DNotes forum, fitinplace. DNotes is based on proof of work (POW) and not proof of stake (POS) as your questions seemed to suggest. Our rewards are issued to miners for securing the network - 25 DNotes per block at the rate of 1 minute block time or about 36,000 new DNotes issued per day.

DNotes is positioned as a long term investment. It is more than just another digital currency. We have invested heavily in building our own ecosystem which includes CryptoMoms, a currency neutral to encourage to encourage women participation, DCEBrief an industry news site, DNotesVault, a secure storage vault with 100% verifiable fund guarantee for the convenience of our stakeholders. Uniquely different is our family of CRISP (Cryptocurrency Investment Savings Plan) for children, students. retirement, and employees incentive benefits. If you are a long term investor, I strongly recommend that you check out CRISP For Retirement. They are paid interest of up to 12% from a pool of 1 million DNotes donated by a few major stakeholders.   http://dnotesvault.com/crisp-for-retirement.php

Thanks, Mark. I have been so busy I have not even had a chance to check it out. Just taking a break and stopped in to say hello. Cryptopia could be good for us.

Just dropping in briefly to say Hello to everyone. I have a very tight schedule today and will be gone a good part of tomorrow attending an IoT Meet-Up.

"Blockchain" will be everywhere. This will be the next wave of job and wealth creation. We are fortunate to be in a great position.

Thanks, Brandon. You are correct. The path that DNotes has chosen is uniquely different for strategic reasons that not everyone can easily grasp. If it is that easy there would not have been that many business failures or so many struggling in the business world today. The book will help "more people (will) understand how DNotes is being built like a business."

The opportunities and challenges for DNotes are of such extreme and massive scale it takes a rare breed, able and willing, to want to even take it on. This task is not for the amateur, the faint-hearted or anyone who lacks the tenacity, drive, and dedication.

As will be reflected in the book, it takes the mastery and skill-sets of a very dedicated leader with the vision to see far into the future, coupled with the ability to turn those strategic plans into multi-missions - each with their own goals and objectives. The leader must create a purposeful and inspiring culture so that other leaders will be born and help pursue those missions. We are builders and have delivered what we promised; a new productive, mutually beneficial culture, in a chaotic industry; a digital currency with a trusted brand, and our own ecosystem that will lead to the formation of a for profit company.

Thank you, Chase. Very well said.

The price of Bitcoin has shot up to $476 this morning. DNotes has held up well so far but over the short term two indicators are of some concern. The buy side is dropping to a new low. Our investors are likely to be running low on Bitcoin and feel reluctant to buy more in fear that the of Bitcoin could pull back sharply after it has doubled in just a few weeks.

The sell side of DNotes has gone up noticeable since DNotes, measured in $, is at an all time high. Some investors are cashing in for Bitcoin and perhaps for cash as well. This is very typical of how free market supply and demand works. Drastic move in either directions often takes time to digest. Bitcoin has been relatively stable for a while, but this new trend could bring back high volatility; good for traders as a speculative commodity and not so good as a medium of exchange.

Excellent post, Joe. Very accurate representation of our vision, strategic direction, and mission.

Like all big idea, DNotes started small. By all measures, we are still very small and we know our limitations. What we want DNotes to be is far more than another digital currency. We are creating a trusted brand for the future of money and financial technology (FinTech).

It is a very large scale global project, and it is being built block by block. Every block is strategically linked. Strategic positioning, flawless execution at the perfect time, with the right team, structure, culture, and process are all vital to our success.

The book I am working on will not only be immensely helpful to many small business owners by showing and inspiring them to preform at a higher level but also demonstrate to them that cultivating a single mindset to promote mutual cooperation and shared benefits could be the best answer to many struggling business owners and their employees. Good, happy employees are good for the employers but the reverse is also true. A new culture is one that share the mindset that what is good for the company is also good for the employees and the business owner.   

Thanks, that is the plan. I also plan to have a chapter using DNotes as a use case on a number of strategies and business philosophies discussed in the book and a chapter on using digital currency as a competitive edge. I am passionately committed to help as many people as I can.

Small business formation has dropped from almost 600,000 to about 400,000 per year today with 470,000 closing down at current annual rate. It is a sad fact that many business owners are struggling to keep their business alive while being in poverty themselves. As a small business consultant for a number of years I was often amazed that majority of struggling small business owners pay a huge amount in using high interest credit cards on top of high merchant fees and charge backs. DNotes could make a significant difference. Taking our time to build a trusted brand and a solid foundation are essential before executing our next phase.

Interesting! I just edited my book to reflect that possibility:

“Your business, on the other hand, is an open system. It is dynamic, constantly interacting with other systems, or sub-systems; both internally and externally anywhere worldwide and perhaps even with our settlers on Mars one day!”  

Ha, ha. That was just a joke. I am getting bored trying to work on my book all day. It is finally shaping up nicely.

Why the Book?

This is an inspirational book for small business owners, including women small business owners. For the first time I am sharing, in a book format, my winning strategies on how to be the best in class and why everything matters.

“It is not so much the end result that you are able to accomplish but your very best efforts in doing everything possible to accomplish the best level of achievement within your reach. If you missed the target, you would have at least aimed your shot at the right direction and ended up close in the neighborhood. Unless you give up prematurely, you will continue to horn in your skill, improving your chances of hitting your target or ending up closer to it eventually. ………

Everything is inter-related. A poor performance in one function is not isolated to that function. It degrades performance everywhere else. Thus weakness in certain areas not only keeps the individual score on that function down, it brings down the final score in other areas. Thus, overall business performance suffers due to the confounding of two effects. Each part of the system helps or hurts other systems………………”

Our 2016 roadmap includes aggressively promoting a total package of CRISP for Retirement, CRISP For Employee Incentive Benefits and the book to small business owners, including women small business owners. This will be a major campaign involving third party support and other partnership. Expect a big push to develop our own e-commerce site and global payment networks and other ventures to be launched at the later part of 2016. Developing the right technologies and launching them at the right time are all winning strategies. That is our pathway to deploy DNotes as the medium of exchange.

Impressive guest list and a great idea, especially when a lot of Bitcoin ventures are rebranding, away from "Bitcoin" to Blockchain or Cryptocurrency by association. VC funding for "Bitcoin" seems to be drying up too. Our industry is still at its infancy. Any market development is good for all of us.

Excellent, work. That is Executive Briefing at its best.

Excellent article. Very well written. POS was very interesting until we evaluated potential risk factors and the need for technical support. POS has generated a lot of bad user experience. This article laid out potential nightmare, at least in theory, I did not even think off. Scary!

Happy Halloween to you all!

Nick Marinoff, a good friend of ours just joined our team of DCEBrief writers and contributed his first article regarding Student Debt. I thought you might be interested in the following comments. As you may know, serving students is part of our global mission. Here is just another reason why it a worthy mission and how DNotes strive to become a viable medium of exchange one day.

Quote From: Dr. Quincy Chen 10-29-2015
Managing Director in PetroOverseas Group Corporation; Co-founder of Sinostan Consortium and Thinkingtank

Foreign students with F1 visa can not work outside college campus in USA, for example. But now they can work online to make digital currency money used to pay for tuition and expense.

Quote From Alan Yong, Today:

Dr. Chen, that is an excellent point. I have not thought of it that way. Foreign students with F1 student visa are not allowed to work off campus during their first academic year. However, they may work on campus, with limited opportunities and, often, lower pay. Technically, they can seek off-campus employment after the first academic year if they can find the right job and a friendly employer to qualify the student as part of a “practical training” program. It can be quite challenging. I have gone down that route before.

Participating in digital currency can be the best option for F1 students in this kind of situation. They can accept gainful employment anywhere worldwide, earning digital currency to help pay for their studies, or reduce the burden of student debt.


Author: Nick Marinoff
https://www.linkedin.com/pulse/can-digital-currency-help-student-debt-nick-marinoff

How bad is the student debt crisis?

At the present time, the average student owes approximately $35K upon graduation. The U.S. holds nearly $1.3 trillion in student loan debt, and considering the rising costs of education, that number is expected to steadily grow over time.

Despite these statistics, only about one-third of working Americans possess bachelor’s degrees. Many look at student loans and ask, “Have banks and other lenders failed us?” Common financial institutions can charge excessively high interest rates to students and regularly steer those rates north. They can also collect late fees whenever students fall into default (which can be quite often), warranting further monies in their secret stashes. Maybe banks haven’t “failed us” per se, but you can bet that by the time a student loan has been paid off, the person in question has given far more than what they originally qualified for.

The nation needs help, and many are wondering if there’s room for digital currency to get behind the wheel and take us in a different direction. Digital currency is big, but it isn’t “Internet big.” Despite its potential and ability to aid unbanked nations, many still prefer the traditionalism behind fiat money, probably due to lack of knowledge or interest.

We’ve all heard the old saying, “Children are the future.” Putting this into perspective, the children of later generations are likely to be the future students of modern-day universities. Therefore, it’s important to train them on the ways of the future, and some of those ways stem from digital currency.

It’s been a slow period of integration, but several businesses, stores and establishments are now enforcing methods of accepting bitcoin and relying on its respective technology. Who would have ever thought you could treat yourself at a nearby restaurant and when the check arrives, you pay with some 1’s and 0’s?

It’s time to not only teach students about digital currency, but work to develop their appreciation for it, and a rewards program just might be the tool we need. Why not offer students the chance to earn bitcoin through school programs? Think about it. Free money for anyone on a path of study… What student wouldn’t want to partake? It’s the same as a scholarship. The University of Washington recently caught wind of the growing trend and brought a bitcoin ATM to its campus in October of last year. Prior, MIT made headlines by establishing the Bitcoin Project and offering $100 in bitcoin to over 4,000 undergrads. Nothing wrong with a little extra textbook money…

Bitcoin alternative DNotes and creator Alan Yong has begun what is known asCRISP (Cryptocurrency Investment Saving Plan). The program allows schools and respective students to sign up for apportion codes which in turn allow them to receive up to 500 free DNotes. Granted the stability of the currency, Yong explains that the potentially high returns offered through DNotes could help students save and receive more over time, thus giving student loans a less-intimidating presence.

Bitcoin and related currencies are here to stay, and the future is being delivered to us now. Offering virtual money to students as a potential reward gives them the chance to further understand what will likely be the primary payment methods 20 to 30 years from now. For the time being, extra money in students’ pockets can help to alleviate some of their ongoing expenses, thus giving the country a chance to bring its debt figures to a halt and discover a much-needed step in what is sure to be a long and arduous war against a growing financial monster.

Thank you KC. You made many excellent points. I hope we all learned a few things from this incident.

TeeGee, you are an amazing friend. Your deep understanding of DNotes and our industry is impressive.