Good News From Allcoin: "Hi,
we’ve fixed DNOTE wallet".
----------------------------------------------- AllCoin.com — The secure, afficient and fast cryptocurrency exchange. Base in UK, we make exchange easier. Website: https://www.allcoin.comEmail: service@allcoin.comTwitter: @AllCoinEx I have tested it and was able to withdraw DNotes from Allcoin successfully. A few transactions took multiple attempts. Completely unresponsive to customers requests for support is the best way to kill any business. Although, I am somewhat relieved, I still do not know what to think of it. Good grief! I will only feel comfortable after everyone got their coins back. Please share your experience.
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Just noticed this on Poloniex.
"ALERT: Poloniex will no longer be allowed to provide services to residents of the State of New York starting on August 8th, 2015. If you are a resident of New York, please take appropriate measures to withdraw your funds by this date. "
Yes I just read that myself. Bitlicense for State of New York. Must have them withdrawn by 11:59 on August 7th. This should not be a surprise. Notice was given 5 or 6 weeks ago. Can anyone confirm if Cryptsy has Bitlicense? I am working on the assumption that they do, based on their registration and account verification process. If someone could find out and get a confirmation, it will be helpful. DNotes is now at position # 4 on Cryptsy Vote List. #2 spot is within striking distance. That is where we need to be and we need your support very much. Your maximum participation is needed more than a large number of votes. Community support conveys a strong and compelling message. Unfortunately, that has been lacking. We will secure the 2nd position soon but may not get listed without your participation and support. If you can afford to contribute .01 BTC ($3) send it to: 14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ for 50 votes. If you already have an account at Cryptsy sending a letter of endorsement to "Support" recommending DNotes to be listed on Cryptsy will go a long way. I seldom go this far to plead for your support, but this is extremely important. What I am seeing in our industry and the financial crises brewing around the world is extremely troubling. We need DCEBrief as a platform to communicate on issues that matter. A platform that can engage like minded people to help frame those issues constructively, objectively and positively in a clear and compelling format as an Executive Summary with supporting facts in a full length article. We need to aggressive reach out to political leaders, regulators, media executives, educators, business executives and others. DNotes and the many projects we have been working on are needed more than ever as financial crises continue to spread rapidly worldwide. We are not in the position to change the world but DNotes is a viable alternative to help alleviate various global challenges once we reached a certain scale and stature. In the mean time, making DNotes available to an exchange like Cryptsy is valuable, especially in light of the lost of Allcoin exchange. I have been trying to make a post for a day or two now! We are so busy in the garden I have a hard time keeping up with you guys. It is Sunday morning, and I have taken three important phone calls already, then a short meeting with my Field Manager. But, this is such an important topic, and I feel so strongly about it that it deserves to be addressed, even though the grankids just showed up, and Grandpa needs some Grandkid Play Time, I have to address this topic: Yoda: (Alan, or Dyna, as most of you know him): I agree with you on almost all points. Yes, the New York thing is no surprise. "They" (regulators in general) are doing what they ALWAYS do: Skew the playing field so that only the "very large" and "very connected" get to play in their playground. I also very much agree with the Crypsy Voting. It is critical now, in light of the Allcoin disaster. Yes, disaster. Another damn scam in the world of Crypto. Is anyone surprised? To be honest, yes, it still took me by surprise (but should not have). Mt. Gox. Crypto Rush. Mintpal. Allcoin should be no surprise, I guess. Very sad, but no surprise. I also agree with Yoda on all points in the last paragragh, except one. He said: We are not in the position to change the world but DNotes is a viable alternative to help alleviate various global challenges once we reached a certain scale and stature. This is one of the few times I will disagree with Alan. We ARE in a position to change the world, BECAUSE of the second half of his quote. I know that is a very bold statement. Very bold indeed, but not taken lightly and not without a LOT of deep thought and discussion. Why would I utter such a statement in a public forum? Because I really do believe it. When looked at from the outside, Crypto-Currency is a cesspool. A minefield full of scammers and thieves. When looking at it from the "outside", that is exacly what it looks like. Why does it look like that? BECAUSE IT IS TRUE. The world of Crypto-Currency IS a cesspool. It IS full of scammers and thieves. If this continues, it will set back mass adoption of the Blockchain, Bitcoin, and with it all Alt Currency by decades. The ENTIRE INDUSTRY is in trouble. The entire industry is not only shooting itself in the foot, it is slitting it's own throat. Here is where we are in a position to CHANGE THE WORLD. If I were studying this from the "outside", and wanted to drain the cesspool, here is what I would do: I would develop a coin, and design it from the ground up to be transparent, reliable, and ABOVE ALL: TRUSTWORTHY. I would develop an infrastructure around this coin that appealed to "the masses", instead of appealing to the "early adoptors". I would try include folks who most others would ignore, thinking of them as the "ignorant masses". I would build an eco-system that makes it easier to understand, and easier to use. Information, at a level that ordinary folks can understand WOULD BE A KEY BUILDING BLOCK. I would also try to reach the "Movers and Shakers" of society. 99% of this group has NO IDEA what the Blockchain and Eco-System really is. They, just like most ordinary folks, view Bitcoin with disdain and dis-trust. So, in closing, I publicly and very politely diss-aree with you. We CAN change the world. Cryptomoms and DNotes Vault are just two of many examples. But, our most important challenge to date is DCBrief. The "Movers and Shakers MUST be educated on the true advantages of the Blockchain and Crypto-Currency. The second most important challenge, especially in light of the Allcoin disaster, is getting listed on Crypsy. OK. Rant over. Time to grab a Grandkid or two and head out to the Garden. Respectfully, Smokey Yes! I agree with you, we can change the world. We have here a group of intelligent people with a single goal, making DNotes successful. Whatever your reason behind that, you and I, and everyone who posts to this forum, (and the readers as well I'll bet) want to see DNotes succeed. Collectively, we have great power, we just need to channel it in the right direction and keep the pressure on until we achieve what we have set out to do, make DNotes a globally accepted and trusted currency. So many times in history, a single person or, small group of like minded individuals have changed the course of history. Ghandi comes to mind immediately. Check out the "short list" of great figures in history below and point to the one who is remembered for saying "Nope, can't do that..." Muhammad Jesus William Shakespeare Abraham Lincoln George Washington Aristotle Alexander the Great Thomas Jefferson Charles Darwin Queen Victoria Martin Luther Albert Einstein Christopher Columbus Isaac Newton Theodore Roosevelt Wolfgang Amadeus Mozart Plato Ludwig van Beethoven Leonardo da Vinci Winston Churchill Johann Sebastian Bach Galileo Galilei David, King of Israel John F. Kennedy With guidance and ambition as well as intelligence, we CAN change the course of history. If you don't believe that, refer back to the short list above. First order of business: LETS GET ON CRYPTSY! I know for certain that we can and we are committed to make a difference in a very positive way. Change the course of history? This is what the core mission of DNotes is all about and it is reflected in every major project we are involved in. We may call them baby steps and it will take a lot of them and a great deal of hard work. I did not think that getting to the top spot on Cryptsy Vote List was possible but RJF has obviously proven me wrong. How did I forget this one, "Whether you think you can, or you think you can't, you're right." - Henry Ford Thank you RJF and Smokeys. Yes, we can, "LETS GET ON CRYPTSY!" |
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Just noticed this on Poloniex.
"ALERT: Poloniex will no longer be allowed to provide services to residents of the State of New York starting on August 8th, 2015. If you are a resident of New York, please take appropriate measures to withdraw your funds by this date. "
Yes I just read that myself. Bitlicense for State of New York. Must have them withdrawn by 11:59 on August 7th. This should not be a surprise. Notice was given 5 or 6 weeks ago. Can anyone confirm if Cryptsy has Bitlicense? I am working on the assumption that they do, based on their registration and account verification process. If someone could find out and get a confirmation, it will be helpful. DNotes is now at position # 4 on Cryptsy Vote List. #2 spot is within striking distance. That is where we need to be and we need your support very much. Your maximum participation is needed more than a large number of votes. Community support conveys a strong and compelling message. Unfortunately, that has been lacking. We will secure the 2nd position soon but may not get listed without your participation and support. If you can afford to contribute .01 BTC ($3) send it to: 14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ for 50 votes. If you already have an account at Cryptsy sending a letter of endorsement to "Support" recommending DNotes to be listed on Cryptsy will go a long way. I seldom go this far to plead for your support, but this is extremely important. What I am seeing in our industry and the financial crises brewing around the world is extremely troubling. We need DCEBrief as a platform to communicate on issues that matter. A platform that can engage like minded people to help frame those issues constructively, objectively and positively in a clear and compelling format as an Executive Summary with supporting facts in a full length article. We need to aggressive reach out to political leaders, regulators, media executives, educators, business executives and others. DNotes and the many projects we have been working on are needed more than ever as financial crises continue to spread rapidly worldwide. We are not in the position to change the world but DNotes is a viable alternative to help alleviate various global challenges once we reached a certain scale and stature. In the mean time, making DNotes available to an exchange like Cryptsy is valuable, especially in light of the lost of Allcoin exchange. |
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Here's an interesting article on compliance issues: Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of JusticeRecommendations Here are some specific steps for emerging virtual currency businesses to consider when ensuring their compliance efforts align with DOJ’s guidance and expectations: It’s Never Too Early. Anticipate compliance issues as soon as possible in the company’s lifecycle. Develop a compliance system at the same time that you are refining your product or service (and well before you interact with customers). People, People, People. It’s hard to understand cryptocurrencies, and even harder to explain them well to skeptical law enforcement personnel. Make excellent compliance people part of your initial team and include them in important decision-making. Money, Money, Money. There must be the financial commitment to compliance that is required in this industry space. While DOJ seems sympathetic to the “significant expenditure of resources,” it will not likely go easy on those whom it concludes have skimped. Think About the Technology’s Regulatory Future. The technology of, and related to, your virtual currency will shape the government’s expectations. Take bitcoin for example. Unlike dollar bills, say, every bitcoin carries its own transaction history. The blockchain is a public ledger of all bitcoin transactions. And new products are being refined that can analyze that blockchain and seek to determine every place a bitcoin has been and perhaps even who transferred or held it. It may become possible to give bitcoin a risk score, since those of suspicious provenance (for instance, those having once been through a mixer or in a dark wallet) could be separated from those that are squeaky clean. " Instill a High-Integrity Culture Now for the Company You Will Become. The government has high expectations for those it views as running “gatekeeper” businesses. The regulatory bar is bound to get even higher as large banks and financial institutions — with their established and highly professional compliance staffs — develop their own virtual currencies. As “gatekeeper” businesses grow, they face pressures to be “ethical” and not simply to meet legal and regulatory minimums. Adopt a broad view of compliance risk that focuses on the risk of misconduct and on reputational risk and then communicate that view clearly and compellingly in the onboarding process. Full article: https://bitcoinmagazine.com/21417/five-recommendations-bitcoin-companies-ensure-compliance-department-justice/Interesting article. "It may become possible to give bitcoin a risk score, since those of suspicious provenance (for instance, those having once been through a mixer or in a dark wallet) could be separated from those that are squeaky clean." Gives me a bit of a bad feeling. We probably shouldn't be doing anything as a result of where coins came from, leaving that up to the legal enforcement agencies. That's a VERY dangerous statement. Applying such metrics will destroy the industry. Not trying to be too blunt about it but, who cares where the coins came from? It doesn't change the use of the coin and it certainly should not change the value. If someone handed me a twenty dollar bill, I don't care where the bill has been but, I may care who is handing it to me. It's all very conceptual. Money is a tool, period. The type, shape, size, history of the token etc should have no breaing on it's transactional value. I don't think the government (pick any country) has the money to micromanage the industry like that. The fortune that would cost would be better off spent following the criminal activity only. I can't help but think that they would be violating some privacy law or need just cause to look into (spy) where Jane Doe spends her cryptocurrency or the fact that her legitimate business accepted it without knowing its origins. We can only hope so but, I've seen our govt spend money on things totally off the wall, with no results, time and time again. In this case though, it would be a monumental task to track everyone for such a small return... ".. .those of suspicious provenance (for instance, those having once been through a mixer or in a dark wallet) could be separated from those that are squeaky clean." This statement did catch my attention. I read it as good thing as to why DNotes has every possibility and advantage to be superior to fiat currency. I am fairly certain that analytical tools are already in development to identify the historical journey of every single DNotes and other digital currency. This is an incredibly powerful feature, comparable as the DNA of money; easier to convict the guilty party and free the innocent without the need of DNA from everyone else. DNotes has strategically avoided joining the anonymity bandwagon, just in case RJF is right. However, I believe that there will be strong demand for anonymity, especially within our industry until it becomes too costly and burdensome to be the watchful target. We feel more comfortable to remain squeaky clean. Here is another very good reason to use DCEBrief as the platform to highlight issues that matter by clearly laying out the advantages of digital currency and the pitfalls to avoid, including the potential of judicial overreach (abuse) just because the technology offers that powerful feature as a law enforcement tool. |
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Here's an interesting article on compliance issues: Five Recommendations for Bitcoin Companies to Ensure Compliance with the Department of JusticeRecommendations Here are some specific steps for emerging virtual currency businesses to consider when ensuring their compliance efforts align with DOJ’s guidance and expectations: It’s Never Too Early. Anticipate compliance issues as soon as possible in the company’s lifecycle. Develop a compliance system at the same time that you are refining your product or service (and well before you interact with customers). People, People, People. It’s hard to understand cryptocurrencies, and even harder to explain them well to skeptical law enforcement personnel. Make excellent compliance people part of your initial team and include them in important decision-making. Money, Money, Money. There must be the financial commitment to compliance that is required in this industry space. While DOJ seems sympathetic to the “significant expenditure of resources,” it will not likely go easy on those whom it concludes have skimped. Think About the Technology’s Regulatory Future. The technology of, and related to, your virtual currency will shape the government’s expectations. Take bitcoin for example. Unlike dollar bills, say, every bitcoin carries its own transaction history. The blockchain is a public ledger of all bitcoin transactions. And new products are being refined that can analyze that blockchain and seek to determine every place a bitcoin has been and perhaps even who transferred or held it. It may become possible to give bitcoin a risk score, since those of suspicious provenance (for instance, those having once been through a mixer or in a dark wallet) could be separated from those that are squeaky clean. Instill a High-Integrity Culture Now for the Company You Will Become. The government has high expectations for those it views as running “gatekeeper” businesses. The regulatory bar is bound to get even higher as large banks and financial institutions — with their established and highly professional compliance staffs — develop their own virtual currencies. As “gatekeeper” businesses grow, they face pressures to be “ethical” and not simply to meet legal and regulatory minimums. Adopt a broad view of compliance risk that focuses on the risk of misconduct and on reputational risk and then communicate that view clearly and compellingly in the onboarding process. Full article: https://bitcoinmagazine.com/21417/five-recommendations-bitcoin-companies-ensure-compliance-department-justice/Thank you Chase. This is a great article but it also reminds us of the hash realities confronting us. Maintaining a healthy balance of consumer protection and anti money laundering practices will always have our strongest support. Duplicative requirements, especially at multi states level or overly complicated and cost prohibitive burdens destroy small business participation giving unfair advantage to larger better funded competitors. We trust that BCEBrief will help convey a more reasonable middle ground that promotes strong support for anti money laundering measures and consumers protection while allowing small, less well funded small businesses to flourish within acceptable guidelines. |
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Thank you Alan, I'll do my best to be helpful member of this community, I believe that dnotes as a totaly free-of-touch currency - is a great need of the global up-of-nationality future community. sure there is and there will be a struggle to strive to the top with many other good currencies. the names of the win in this struggle is: community, cooperation and honesty. thanks again Congratulations to Mati Cohen!!!
Hello everyone! I like to convey our sincere congratulations to Mati Cohen, a new addition to DNotes Leadership Team. We have officially accepted Mati as a DNotes Community Director with initial focus, using his best efforts, to increase DNotes fans on business, employees and students community in Israel and the European region. Mati is a Journalist at Ground Jourbalism/ Ktiv Haser. I trust that you all will join me to give Mati the warmest welcome and give him our best support.
Thank you all.
Alan
Thank, you Mati. We are honored and proud to have you join our efforts to help build a very much needed global digital currency for everyone worldwide. We know that this is a generational commitment that will take unyielding hard work and tenacity beyond a single generation. Perhaps that is among the various reasons why Chase came up with the idea of CRISP of Kids. They may well be our future leaders to help accomplish the mission we started today. Taking our time to do the right things with trust and integrity are our marching orders. We know that there will be good times and challenging ones ahead of us. In our world of increasing financial distress, where common citizens are so vulnerable to financial ruin as a result cumulative poor political decisions, being associated with a trusted global digital currency alternative is a mission we all can be proud of. Welcome, aboard, Mati!!! |
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Congratulations to Mati Cohen!!!
Hello everyone! I like to convey our sincere congratulations to Mati Cohen, a new addition to DNotes Leadership Team. We have officially accepted Mati as a DNotes Community Director with initial focus, using his best efforts, to increase DNotes fans on business, employees and students community in Israel and the European region. Mati is a Journalist at Ground Jourbalism/ Ktiv Haser. I trust that you all will join me to give Mati the warmest welcome and give him our best support.
Thank you all.
Alan
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Gotta enjoy yourself:
bought a little NOTE when the price dipped the other day.
The price stayed down, so . . . I bought a bit more.
Then yesterday -- the price was enticing. So I bought some Note.
But it was still cheap . . . so I bought one more packet.
you doing same that me !!!  next step make fatter retirement plan Hello Mark and infovortice2013. Thank you for your confidence and support. It should not be a surprise that I have continuously added more DNotes to my investment portfolio. I know that a few other people have been doing that too. We have actually increased our purchase but there has definitely been an increased supply of DNotes being dumped at Polo. It gives me a bad feeling when this started at the same time when I could not withdraw my DNotes from Allcoins. None of my 4 emails has been responded to. This is the dark side of our industry. From my personal experience alone; first it was CryptoRush, then Mintpale, and now Allcoin. This gives us even more reasons to be very cautious and focus in building our own ecosystem, which I believe is not priced in, making DNotes significantly undervalued. |
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"But just for have a global fiat pair for DNotes should be great."
Yeh, infovortice. No argument from me over this one. It's a big big step in a crypto's development.
Mark
DCEBrief will be covering a very long wish list as we get established. We will be covering the "ideals", the hurdles, and the pitfalls. There are many obstacles confronting Bitcoin and digital currency from mass acceptance. Bad consumer or user experience is a vital consideration to avoid. May be that is the primary reason why the credit card companies are not that concerned about our industry and everyone is jumping into the Blockchain bandwagon. Don't get me wrong. Blockchain related business opportunities will be massive and DNotes will be a major player. Our primary focus at this time is to be the trusted global digital currency that will be superior to fiat currency. How do we go about doing it is a huge strategic and logistic challenge few would care to under take. It is a massive undertaking but highly essential and immensely valuable. There are many "good ideas" being tested including the nanocard. If that is the best we can do, our argument that Bitcoin and digital currency transaction has a significant cost advantage is fundamentally fraud. When conversion cost, fees, and risk of currency lose are all factored in, it is often more expensive than using other forms of payment. That is the primary reason why actual use of Bitcoin as a form of payment has been far below what the industry had wished for. It is far from being cost effective. Strangely, we are reintroducing more middlemen in certain cases resulting in higher fees. The ultimate and core mission of DNotes is to reach the point when most DNotes transactions are truly between two parties without a middleman irrespective of where the two parties are located. That is what happens when everyone accepts DNotes. Being the global digital currency is what it takes. That is what we are striving for. DCEBrief is our next building block. Get ready. This is a great post, creating middlemen to facilitate transfers is only a short-term solution to individual currencies lacking the infrastructure to be standalone services. Over time, DNotes will have the infrastructure built, and I'm sure will offer many of the same services that third parties are currently offering for Bitcoin. Middlemen are indeed expensive, imagine how hard it would be for a bank to compete with a company that provides lending, investment and bank processing opportunities with near zero transaction costs!? A profit model would still exist, but one that does not penalise what the company / currencies core purpose is - value transfer. Fees merely decrease the number of transactions. Hypothetically, Imagine if DNotesVault processed USD into DNotes (hopefully for free), then allowed all transactions to be free from there on in using DNotes, a currency people can rely on for stability and use for merchant payments? A 1% commission could be made when people take their DNotes OUT of the network and into USD (to fund further growth, and protect value). That would mean more incentive for customers to leave their money inside the network. DNotesVault could one day become a bank (which I'm sure would be extremely expensive to set up - could partner with a bank?) and allow people to engage in either p2p lending in DNotes OR pay interest on deposits, taking interest from borrowers. Given the steady (but ever decreasing) supply of new coins in the network, this could put some 'upwards pressure' on DNotes value - because lenders would need to find DNotes to pay back their loan. This would mean lenders would need to pay back the initial principal of DNotes borrowed PLUS interest (which I imagine would only be available to purchase from an exchange like DNotesVault could one day become, unless the borrower is a merchant accepting DNotes - by which time transactional use is being achieved). I haven't thought this through in detail or anything, but crypto banking could work in some ways to protect the value of crypto, thanks to people needing to purchase more of the crypto than they borrowed to pay back to lenders. One issue with this, is that depending on the amount of lending, and upwards pressure the repayment purchases at exchanges creates, would mean that borrowers could end up paying much more (in terms of USD) than they originally intended when they took out the loan. This could be easily communicated though, and wouldn't matter much if DNotes had a massive market cap in the billions. The free-market would be pretty good at deciding what the appropriate interest rate offered etc would be, and because crypto is net-positive, there won't be any threats to the eco-system because in the crypto world, having 1 DNote deposited in your bank, means your bank can only loan out 1 DNote. In the current banking world, $1 means a bank can lend $10 or more. At the end of the day, nobody knows what it would look like, because we only have 'logic' and 'behavioural science' to base theory on. I need to stop before I get too far into thinking about what the future could look like. I should probably write down some thoughts before I forget about them though... What would a crypto-currencies stability look like, if there existed an algorithm that automatically manipulated the exchange fees on both the buy and sell side of a proprietary crypto exchange? Bear with me, this could be horrendously stupid, and I tend to think it up as I go along (really should be doing other things too, but this is more interesting): Imagine TeeGeeCryptoExchange is the only place where TeeGeeCrypto can be bought and sold. TeeGeeCrypto has a desired 'trading range' of (+/-) 1% daily, and +/-(5%) on 30 day moving average. Now, fees are charged when people buy TeeGeeCoin with USD, and also when people sell TeeGeeCoin for USD. For simplicities sake, let's say that TeeGeeCryptoExchange charges 1% to both buyer and seller that are trading TeeGeeCoin with one another, for a total profit of 2%. Now, TeeGee's mathematical algorithm that he is no-way-near smart enough to program notices one day, that the desired trading range is beginning to test the bottom end of the 5% change in value over the last 30 days. As the value of the coin gets closer and closer to -5% change over the last 30 days, it changes the fees placed on both buyers and sellers accordingly to 'soften' selling pressure, and 'encourage' buying pressure. When trading is steady, 0% change - 1% fee to buyer, 1% fee to seller. When trading is pushing price down by 1% - 0.75% fee to buyer, 1.25% fee to seller When trading is pushing price down by 3% - 0.25% fee to buyer, 1.75% fee to seller When trading is pushing price down by 5% - 0% fee to buyer, 2% fee for seller And of course the other vice versa: When trading is pushing price up by 1% - 1.25% fee to buyer, 0.75% fee to seller... and so forth TeeGeeCryptoExchange makes a fixed 2% profit on each crypto transaction regardless of the fee's charged. Normally with markets, as the price changes, more people are prepared to buy or sell, depending on which way the market moved and vice versa. With this method, I'm provisionally thinking that the demand and supply of TeeGeeCoin could be to some degree, manipulated using fees, rather than having demand/supply change only due to changes in price (if stability is the goal). Now what if it was a really horrible day at the exchange, and TeeGeeCoin drops 10% because not enough sellers were put off by the increased fees charged, and not enough buyers were interested by zero fees? Well... When trading is pushing price down 10% - Buyer awarded 3% fee charged to seller, 5% fee for seller. (TeeGeeCryptoExchange retains 2% of fee) As in, the seller is charged 5% for further trying to tank the price (which hopefully trading vicissitudes continue to lessen with the fee structure anyway), and 3% of that 5% is paid to the buyer, to improve buy depth. TeeGeeCryptoExchange earns a continual 2% commission from every transaction, and fees are awarded to buyer / seller when market imbalances exist. Anyway, just a casual thought / model to base some future ideas on. I was particularly interested in shifting demand/supply from price, to fees. The consistent fee retained by TeeGeeCryptoExchange, regardless of fees charged to buyer / seller would mean interests lie in stability. The model would also allow sustainable growth over time. Perhaps an exchange out there is already doing this? Yup, I'm done. Feel free to comment. I had a very long lunch meeting with two young men whom I regard as "insiders" of our industry. We shared a lot of industry information. Their strengths are in the hard core technical side. We had a great time. And now I have a lot to catch up and will only give you a very brief response. I have high hopes that DCEBrief will help us open a lot of doors. We can practically pick what we want to focus on and stage a dedicated campaign for one month to three months on one or two groups at a time with hard hitting clear and consistent messaging involving the contributors with proven track records - the authorities of the field. Subjects of focus could involve student loan crises, educating students for the next wave of high paying jobs, women empowerment, small business owners ..... Our goal is to position DNotes to meet the full functions of money; as a unit of account, as a store of value; and as a medium of exchange. We are certain that by the end of 2017 or 30 months from now that mission will be accomplished. Our ultimate goal is to ensure that DNotes will be far superior to any fiat currency. It will not take us more than five years to accomplish that. I will be writing a number of articles on that and will have plenty of time to back it up with real life cases as part of our future research projects. The ultimate goal is global mass consumer and merchant adoption and maximum transactions between two parties anytime anywhere in the world without the participation of middlemen. DNotes ecosystem as we know it today will continue to expand and become a massive global payment network system, including mobile applications, banking systems offering a wide range of financial and others services. Central to this set up is one or more for profit companies. DNotes, the currency will own up to 25%. This could be a publicly traded company one day. It will be a very large global company that will be instrumental in supporting the increasing value of the currency. I have posted on this subject before. Again, taking our time to position DNotes correctly must remain our strategic strength. I can say that we are very good at that. Hope you get the idea. |
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Voting update at Cryptsy:
DNotes - 24,000 VOTES!!
Excellent! Moving up quickly. By the way, I may be away for a bit today. Having problems with my cell phone, so I have to take care of that asap. I will be gone too. Having lunch with a few local Bitcoiners. |
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"The ultimate and core mission of DNotes is to reach the point when most DNotes transactions are truly between two parties without a middleman irrespective of where the two parties are located." [My italics]
'Transactional volume' is what we've been strugglin' towards since Day One.
That is correct. If the lack of "Transaction volume" is inherent to early stage of the development, time will correct the problem. If this is the result of structural problems and other pitfalls, we can wish for as long as we want, but Bitcoin and digital currency will not achieve mass acceptance, until those problems are resolved. There is already a very clear shift of sentiments. By far the vast majority of the supporters and investors are now joining the Blockchain bandwagon. The majority is always correct. Blockchain is where a lot of low hanging fruits are and there are fruit trees everywhere. I am the only lone wolf who have publicly stated that we are witnessing the greatest technology revolution in the history of mankind and it will lead to massive job and wealth creation. What I am most excited about is that with a truly trusted global digital currency purposely built for everyone worldwide to participate, we will be adding an immensely valuable dimension to an amazingly innovative distributed consensus ledger technology that is also a smart communication protocol capable of understanding, transmitting, executing, storing and retrieving any digital records or properties, including digital currency such as DNotes. Anyone can start a new business to exploit the enormous potential of the Blockchain technology, and there are many exciting opportunities. The most rewarding of all, I believe, is building the trusted global digital currency for everyone to participate. This by itself has world changing implications. For the first time in history, the opportunity to participate is not limited to the rich, well connected or only those comfortable with technology. DCEBrief mission is to educate, inspire, remove barriers, collaborate, facilitate and provide equal opportunities for all in a global scale. It may take a generation or two to achieve the ultimate goal where DNotes transactions are between two parties anywhere in the world; no middle; no currency conversion with near zero network fees. Equal pay for equal product and services no matter which corner of the world one is located in. Letter of Credit will become the facsimile machine of the past. It will be completely replaced with scheduled “Time Send” or smart contract. Sales tax, VAT, etc ..? It will be deducted and credited to Big Uncle’s account in real time. ….. That is DCEBrief in the making, covering only issues that matter. |
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"But just for have a global fiat pair for DNotes should be great."
Yeh, infovortice. No argument from me over this one. It's a big big step in a crypto's development.
Mark
DCEBrief will be covering a very long wish list as we get established. We will be covering the "ideals", the hurdles, and the pitfalls. There are many obstacles confronting Bitcoin and digital currency from mass acceptance. Bad consumer or user experience is a vital consideration to avoid. May be that is the primary reason why the credit card companies are not that concerned about our industry and everyone is jumping into the Blockchain bandwagon. Don't get me wrong. Blockchain related business opportunities will be massive and DNotes will be a major player. Our primary focus at this time is to be the trusted global digital currency that will be superior to fiat currency. How do we go about doing it is a huge strategic and logistic challenge few would care to under take. It is a massive undertaking but highly essential and immensely valuable. There are many "good ideas" being tested including the nanocard. If that is the best we can do, our argument that Bitcoin and digital currency transaction has a significant cost advantage is fundamentally fraud. When conversion cost, fees, and risk of currency lose are all factored in, it is often more expensive than using other forms of payment. That is the primary reason why actual use of Bitcoin as a form of payment has been far below what the industry had wished for. It is far from being cost effective. Strangely, we are reintroducing more middlemen in certain cases resulting in higher fees. The ultimate and core mission of DNotes is to reach the point when most DNotes transactions are truly between two parties without a middleman irrespective of where the two parties are located. That is what happens when everyone accepts DNotes. Being the global digital currency is what it takes. That is what we are striving for. DCEBrief is our next building block. Get ready. |
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I have been in direct communication with the owner, Ronny Boesing, a number of times, including a number of appointments to go on conference call on skype. Unfortunately, those scheduled calls did not come through. I am very familiar with the Bitshares' involvement. At this point, it is best for us to see how CCEDK and the nanocards are going to play out first.
Our current setback with Allcoin is sending a strong reminder that we need a lot of patience and hard work, and move very cautiously. It is fairly evident that there have been a significant amount of dumpings at Polo over the last three weeks. We just can not establish where the increased supplies of DNotes have been coming from.
Im playing in CCEDK for a month with fiat and tokens without problems, nanocard still not running i think sometime legal burocratics for this take time. But just for have a global fiat pair for DNotes should be great. Really im curious and like to know more about your familiar with bitshares involvement and Ronny . Situation in allcoin is ballbreaking, sure. Please check PM. |
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The CRISP for Kids program was officially launched in July of 2014, making CRISP for Kids now 1 year old. To celebrate we will be giving away DNotes to CRISP for Kids participants with accounts funded with 100 DNotes or more. The list of kids and accounts has already been created.
Chase, would you like to pick 10 kids as random winners?
No problem! I used RANDOM.ORG to help me pick the following 10 lucky names: 1. Angie 2. Ben 3. Doodle 4. Lyra 5. Roan 6. Angela 7. Addy 8. Judah 9. taylor 10.Addyson Congratulations everyone and happy birthday CRISP For Kids!!  Thanks, Chase. Happy Birthday to CRISP For Kids!! All that gifts and extras are from uncle Kevin. |
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I wouldn't trade on CCDEK again under any circumstances whatsoever.
And scheduled calls with Ronny didn't happen? Doesn't surprise me one little bit!
Mark (IndiaMikeZulu), Australia
DNotes is grounded on Trust and Integrity. That is our Brand and we are very proud of it. |
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Cryptsy Vote Update: DNotes has now advanced to # 5 with 20,335 votes. Great job! The next jump will take almost 6 K votes. Will need a lot of help.
DNotes is still at # 5 with 23034 votes. To advance to #4 we will need over 3,000 more votes. We still need your help in a big way, including writing to Cryptsy's management in support of DNotes. Your efforts have been paying off and we appreciate that very much. You know CCEDK.com ? its a danish exchange, if dnotes get listed there can get usd/eur/cny pairs and be used in mastercard net buying nanocard, its reopening so no have much volume can have a quiet stance, this exchange become to be bitshares parthner, so it will be the first decentraliced exchange up bitshares2.0 blockchain with all security and features adventajes that it mean. If you like i can contact with they to get DNotes listed in. I encourage everyone to check it out and weigh in. I have been in direct communication with the owner, Ronny Boesing, a number of times, including a number of appointments to go on conference call on skype. Unfortunately, those scheduled calls did not come through. I am very familiar with the Bitshares' involvement. At this point, it is best for us to see how CCEDK and the nanocards are going to play out first. Our current setback with Allcoin is sending a strong reminder that we need a lot of patience and hard work, and move very cautiously. It is fairly evident that there have been a significant amount of dumpings at Polo over the last three weeks. We just can not establish where the increased supplies of DNotes have been coming from. |
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Cryptsy Vote Update: DNotes has now advanced to # 5 with 20,335 votes. Great job! The next jump will take almost 6 K votes. Will need a lot of help.
DNotes is still at # 5 with 23034 votes. To advance to #4 we will need over 3,000 more votes. We still need your help in a big way, including writing to Cryptsy's management in support of DNotes. Your efforts have been paying off and we appreciate that very much. |
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Following the Startup Ecosystem could almost be as good as following the money. It does not surprise me that Singapore is leading the chart because, “ the [investor] money is there, it’s easy to open bank accounts, and you have a good regulatory framework, among other things.” Isn’t that what the digital currency industry needs too? Yes, again, it should not be a surprise that Singapore is also leading in Digital currency and Blockchain related technology startups too. Read More: In Global Startup Ecosystem Ranking, Silicon Valley Slips, While Southeast Asia Gains TractionPosted yesterday by Connie Loizos http://techcrunch.com/2015/07/27/in-global-startup-ecosystem-ranking-silicon-valley-slips-while-southeast-asia-gains-traction/#.tm2ql3:PBvKRelated:However, it is a pleasant surprise to me that:“ New Report Says Chicago Has the Highest Percentage of Female Entrepreneurs” http://chicagoinno.streetwise.co/2015/07/28/new-report-says-chicago-has-the-highest-percentage-of-female-entrepreneurs/A new report measuring startup ecosystems around the world has found that Chicago has the highest percentage of female entrepreneurs out of the top 20 ecosystems it examined. The report by Compass, titled the Global Startup Ecosystem Ranking, analyzed startup ecosystems across a number of metrics, including funding, performance, market reach, talent, and startup experience. But also included in the report was a note that 30% of Chicago's startup founders are women, which is more than any of the 20 cities measured in the rankings. The study found that since 2012, the last time Compass published the report, the number of female founders in the global startup ecosystem grew by 80%. The global average is 18% today, which is up from 10% three years ago. Chicago was found to be well above average when it comes to female founders, a fact Ms Tech founder Nicole Yeary said shouldn't be entirely surprising, given the level of support for women-led startups in Chicago. "It's exciting to see that," she said. "But I had that feeling that we were (leading the way) for quite some time now." "There are so many tech leaders (in Chicago) that are dedicated to creating an environment where all entrepreneurs have support and resources," she added. Ms Tech, a Chicago organization committed to fostering opportunities for women in tech, recently moved its operations to 1871 and has become a co-facilitator of WiSTEM, 1871's program for women-led startups. Yeary added that while Chicago has begun to develop initiatives and create a better environment for female entrepreneurs, there's still a lot that needs to be done, including increasing funding for women-led startups and growing the number of female investors in Chicago. Ms Tech is also working to capture more data on the problems facing female entrepreneurs and how to solve those issues. …………… |
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Back to DCEBrief. If we can think of a few headlines and basis for articles it would be helpful. Alan is working on getting a few people involved. The focus would be on what do the executives, politicians of the world need to know about digital currency. I know we have briefly talked about this before, feel free to bring your ideas back to the forefront. Here are a few ideas and subjects to get it rolling.
Digital Currency Regulation Recommendations - This topic has been discussed many times, the objective would be to create guidelines for regulators that would create an safe environment for users with enough freedom to allow innovation.
The Future of Digital Currency as a Payment System - This topic can discuss how digital currency might evolve as a payment system.
Does Digital Currency Meet the 3 Functions of Money? - Covering the 3 functions of money, Store of Value, Unit of Account, and Medium of exchange. It seems to be a fairly popular argument that digital currency does not meet these criteria.
Digital Currency is Backed by What!? - One of the other popular arguments is that digital currency has no real value. I do remember an article recently which wrote about it being backed by time and algorithmic functions. Inserting my own personal opinion here: We have to reevaluate what money is fundamentally, and how it works. Just like when a new discovery is made, we have to reevaluate our scientific theories. Eventually the books have to be re-written, new formulas created, and a brand new fundamental understanding is disseminated...
I have a dozen more ideas but I will stop there.
The functions of money question would be interesting to answer, because the answer will change slowly but surely over time. I can identify three phases: now, in transit to mass adoption, and once accepted everywhere as tender with such a large market cap that stability is reached. How will Digital Currency and Blockchain in general affect my business? / What effect will Digital Currency have on YOUR business / organizationWhat possibilities exist in the future for blockchain technology?Why should I get involved now? How can I benefit the most by getting involved early?Just a couple. I'm also kind of thinking, what if the website also provided a broad, full strategic template for businesses to analyse when it comes to implementation of the technology and currency? This could be written by say, somebody who knows about strategy  and include rough guidelines of the logical steps for a gradual implementation of blockchain technology in line with the latest industry innovations - I.e. First sign up to employer CRISP, later sign up for merchant account, use appropriate blockchain capable software to process and record both in-house and external transactions (whether involving fiat or crypto) etc... Could also delve into Imagine if most businesses did not need absorb the costs of hiring a team just to make the decision whether to begin adopting blockchain / crypto technology! A continually updated strategic plan that is streamlined for different business types would bring lots of 'curious' traffic to the page, and give enough information combined with a rough plan to entrepreneurs / CEO's to make the decision to begin the blockchain / crypto adoption process. DCEBrief.com could then have a team of 'consultants' at the ready to aid business (particularly larger firms) with the finer details of becoming blockchain / crypto-capable if it is required. Wouldn't surprise me if this idea hasn't already been floated about... " I'm also kind of thinking, what if the website also provided a broad, full strategic template for businesses to analyse when it comes to implementation of the technology and currency?" TeeGee, That is an excellent idea. That was supposed to be one of the chapters of a book I was working on with someone. It has been put on hold because I have been extremely busy. I will be posting more details about DECBrief in a few days. |
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Nice, RJF. Yes, keep us posted. Allcoin: I sold some NOTE, and pulled the Bitcoin. Did anyone notice this: "- Being Processed since 105 days 3 hours (without answer.) - Being Processed since 91 days 20 hours (without answer.) - Being Processed since 72 days 7 hours (without answer.) - Being Processed since 61 days 3 hours (without answer.)" https://bitcointalk.org/index.php?topic=450306.280105 days? and the poster is still asking for patience? Sigh: Allcoin is Gox. Shanghai Stock Semi-Exchange closed 8.48% down. That's doubleplusungood. Mark (IndiaMikeZulu), Australia Allcoin is not responding to any support requests, in what looks like over a month. We did our best to support the exchange, but it is not looking good. Hopefully we can get the withdrawals resolved. We will have to actively seek out the owners. If you have information on contacting them directly, please let us know. Would it be prudent to remove them from the OP and website, at least for now? Doesn't look good and we don't really want anyone trading there at the moment. That is probably a good idea. Go ahead. Remove it from OP. There is noticeable dumping at Polo. Hope they are not from the operators of Allcoins. Abandoning the exchange with other people's properties under their control is a serious bridge of fiduciary duties and a lack of human decency. |
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