I wanted to say something about success in crypto but, I ran across a recent post by "wiser" in the Devcoin forum that says everything. Devcoin supporters are working on reviving the project and soliciting ideas and advice. One of the most on point and generally well thought out posts is reproduced below. These observations could well be a blueprint to success and match well with the DNotes philosophy:

Posted in Devcoin by "wiser"

"I thought I'd chime in with a few points. Back when I got started writing for the Devtome, Devcoin was one of just a handful of cryptocoins on the scene, meaning it didn't have much competition. Now there are over 500 cryptocoins in existence, some of which are so fundamentally solid and profitable that they are attracting the interest of venture capitalists and hedge fund managers. This means we can learn even more from the successful coins and honestly stack up Devcoin against them to see what would need to be changed in order to be competitive.

The following are a few observations I have about what it takes to make a successful cryptocurrency in today's industry:

1. More and more, it is important for a new coin project to be more than just a coin. It must be a complete ecosystem. This often means multiple tokens and interlocking systems. Some good examples are the emerging VIVA project (vivaco.in), Steemit (with its Steem, Steem Power and Steem Dollars tokens), Ethereum and NEM with their block chains capable of supporting other tokens.

2. There has to be genuine value supporting the coin. This means infrastructure that makes the coin easier to use or adds value to it in some way. Bitcoin has a lot of that (example, various trading platforms, Coinbase, payment processors, websites which sell quality products and accept Bitcoin payments) which has been added on by third parties. However a new altcoin needs to have some of that value added right from the beginning by the development team itself. Some other good examples of coins with value added infrastructure include DNotes and Steemit.

3. There has to be a development team. It can't be a one man show. The bigger and better organized the team, the better chance the coin has. A development team that runs the enterprise like a genuine business is even better. This means it can't all be about coding, though that is important. There have to be others on the team who handle the outreach and marketing and who tell the coders the features needed to make the coin user friendly for non coders (which is most of the people you hope will adopt your coin).

4. A coin needs a built in incentive to tie up the supply and keep it off the market. This means that it is in people's self interest to hold onto the coin for the long haul. Idealism or faith in the coin is not enough. If I am going to hold your coin there has to be something in it for me both now and in the future. The simplest way to do this is to offer some kind of interest equivalent whereby my holding onto the coin earns me a rate of return in the form of new coins or some other token. DNotes has the DNotes vault which pays monthly "interest" to all who hold coins in it for set amounts of time (the penalty for early withdrawal being that you lose the earned interest). Diamond Coin has a cloud mining operation where people earn Diamonds based on how much Bitcoin they have donated to the operation. Any Proof of Stake coin already incentivizes people to hold the coin and run the wallet.

I have always believed that Devcoin's biggest weakness as it works right now is that it incentivizes earning and dumping, not holding. Then to add insult to injury when it became known or suspected that people earning Devcoins were dumping them, they were often harshly repudiated here (not called out by name or anything but it was clear that those who dumped were considered to be bad for the coin,). In order to hold onto Devcoins you had to be altruistic towards it and basically take the hit from others dumping, and that is just not going to be sustainable because most of us plain aren't altruistic like that. This is probably the most important change Devcoin needs to make. The coin needs to be coded in to incentivize holding rather than dumping.

Related to this, it must be assumed that people will game the system if it is beneficial to them to do so. You need to engineer your system in such a way that there is no benefit to attempting to gain the system and that using the system in the way you intend is what gives the greatest benefit to the end user. That can be very challenging to accomplish but I believe it is possible and the successful (and not so successful) coins now out there have a lot to teach us about what kind of things need to be written into the code. The code should also be flexible enough that when you find a loophole you don't want, you can fix it with an update or fork.

5. The development team needs to have a good reason to create buy support for the coin on the open market. Again, altruism is not enough. In the case of Diamond coin, the developers need to buy Diamond in order to pay the weekly payouts from the cloud mining operation. If the developers aren't buying the coin, then others need to do so for reasons of self interest. With the exception of the speculators who are there to profit from trading itself, the reason that anyone else would buy the coin has to be because they need the coin. You need the coin in order to gain the benefit from accumulating and holding it, or you need it to pay someone with it, or you need it to buy something with it. An altruistic desire to prop up the coin's value is not enough and won't be sustainable long term.

6. The coin needs to be attractive to speculators. Speculators are important because they provide liquidity for everyone else, meaning others can easily buy or sell the coin at a consistent value (not too much difference between top buy and sell requests). So whatever it is that makes speculators go "wow, I want to speculate on this coin!" is what your coin needs to have so that everyone else can have the needed liquidity to get into and out of the coin at will.

7. The coin needs to have a solid community of people who are there because being part of this community will better their financial lives in some way. They should believe in the coin but that belief should stem from solid fundamentals and the perception that this coin will do good things for their bottom line. In order to nurture this community it is very important to have basic courtesy and professionalism wherever that community gathers. That community needs to be growing.

There are probably a couple more points that I have missed, but what I have shared is a good starting point. How does Devcoin do on each of these fundamentals? How could it be changed or forked to excel in those fundamentals which are weak now? The honest discussion around these points could become the basis for a solid plan for how to update Devcoin to now be competitive in today's industry."

Friends! Support your NOTE...

https://bitcointalk.org/index.php?topic=1948108.msg21058883#msg21058883

Tim, we will comeback with more accurate numbers. Your message is loud and clear. There will come a time when it is not possible to guarantee all deposits at the DNotesVault with one-to-one matching fund. Long-term we plan to have insurance coverage. During the coin swap period we will post the maximum number of DNotes pledged for the guarantee fund.

Another busy day for me. I'll checking back tomorrow.

I am amazed that so many addresses have been linked to an identity, though they imply that with 'information'. When a bitcoin wallet makes a transaction, it defaults to emptying the source address and depositing any remainder after transaction and fees into a new address. It might seem reasonable to assume that that new address is held by the original wallet owner, but does that have to be the case?

If I wanted to pay TeeGee 4BTC and he was willing to wear the fees. I could pay myself 6BTC from my address that held 10BTC and make the remainder go to an address held by TeeGee. Couldn't I?

I understand wallets as a folder that these addresses are stored in, and I don't think the wallet leaves any prints on the addresses. So it seems to me that there is no way to know from a transaction, which wallets the addresses involved sit in. Maybe this is technically possible, but done so rarely that it is possible for the IRS to link transactions from the initial identified fiat exchange, right through to a final exit back into fiat currency again. But having information on 25% of all addresses seems rather high.

And then there are all the other currencies. I could convert 10BTC to NOTE, pay the NOTE to TeeGee, and then he could convert that back to BTC. I understand that all blockchains keep a permanent record, and it would be conceivable to run software that interconnects those transactions, but processing all of that information wouldn't be cheap. Good luck to the IRS. Though, I'm sure in the future at some point, my phone will be able to do all that in the background while I play Tetris4D.

That was an excellent article! Dating all the way back to 2016. We have great content by some amazing people, it surprises me how DCEBrief content continues to circulate well after it was published.

Thank you @JackTatar! I remember certain members of the financial world laughing when Jack use bitcoin and retirement in the same sentence. He may have the last laugh... 

Hi Guys, I'm interested in getting some Dnotes, can someone explain to a newcomer how I can get Dnote 2.0's if I buy Dnote 1.0's on an exchange?

I had canceled 2 small DNotes withdrawals from Poloniex in the past few weeks that were just sitting there Pending. In that time I had also withdrawn BTC and a few other coins without a problem.

I've been buying on this downswing and yesterday my withdrawal of all my DNotes to the Vault went through quickly. I don't know if the withdrawal issue was just for small quantities or not, but I'm glad I got them out before the transition to 2.0!

Check out this new video where my friend is talking about DNotes. His previous video had almost 8000 views. A nice video to spread just a little more attention to this beautiful project and give some extra confidence to (potential) investors. Attention is paid to DNotes from ten and a half minutes.

https://www.youtube.com/watch?v=uRTE7gb6OT0

So v1.0 to v2.0, Its a whole new coin correct? I feel like or speculate then, in the event Poloniex does not release the Dnotes v1.0 than when v2.0 comes out it would just carry a different value. So they would be traded at different speculative values. v1.0 the price would depend on the belief that Poloniex releasing the coins someday and the gamble people want to play on Poloniex fixing the problem but it would reflect on all v1.0 exchanges. At any point in time anyone that is able to send/receive V1.0 could do so and convert it to v2.0. whether the price of v1.0 is very low at the time or not it only matters what v2.0 is because thats what your going to end up with in the end.

So then for instance if in dec. I think Poloniex is going to fix the issue v1.0 is worth lets say 700 sat. but v2.0 is worth 10k sat. then I buy a bunch of v1.0 and if and when Poloniex allows me to send the coins, I exchange them and each one is now worth 10k a very nice gamble for some of these high risk takers something that most would probably have a slight stake in whether they already have some in Poloniex or there new investors in the near future.

If I'm not understanding this right just correct me or delete this post. thanks

Hello,september is nearly and how about swap? I hold my coins in c-cex.

Refer to my post about Syscoin. I know in some ways they are the competition but, they are honest and would make a great partner if that appeals to any of you. Just a thought...

Happy to help however you might need.

I assume that you mean Portland, Maine (not Portland, Oregon). Yes, I love that place - especially the live lobsters and other fresh sea food.

DNotes 2.0 is looking good. Very excited about it myself.

Ha, yep, i think i see what you mean

where is the code? I'd like to test it aswell ( buzztiaan from github )

oh, also, does anyone have functional nodes? the ones in original ANN post are all ded ...