Just in case you have been wondering ………

Author
Evander Smart  2015-07-10 03:29 PM


Following an unprecedented day of trading for Litecoin at a higher daily USD volumethan bitcoin, suspicions of a ‘pump-and-dump’ scheme in China have arisen following a correction in price.
Chinese pyramid scheme?

Just before, Litecoin has gained fifty US cents to a full US dollar in value - tantamount to Mazda selling more cars in a day than Toyota.

Reasons for these sweeping changes are as varied and unique as the current economic situations of our time. Massive new volume is coming into Litecoin from the Chinese markets, which may indicate a pyramid scheme or a short-term “pump-and-dump” are in play.

Over the next week or so, it may become apparent if this is the primary factor if the Litecoin market drops suddenly and trading in China stops suddenly in lockstep. Rumors of Dash being the next target market to inflate after Litecoin has also been referenced in meetings in China, according to 8btc.com and BitcoinTalk.org forums.

Trepidation from the recent spam attack on Bitcoin and transactional inaccuracies may be moving the market towards Litecoin in the short-term until Bitcoin’s protocol functions normally again. Obviously, the issues in Greece are playing an important role int the global values of the top crypto-currencies. Litecoin creator Charlie Lee believesthe reasons are fundamental to Litecoin’s value itself.

“I think Litecoin is still very complimentary to Bitcoin — silver to Bitcoin's gold if you will. Because Litecoin is an altcoin and a much smaller market cap, the Litecoin price is extremely volatile. So when the crypto currency market is crashing, it gets hit a lot harder than Bitcoin. And when it's going up, Litecoin does extremely well. In the past month, Bitcoin has gone up about 20%, whereas Litecoin has gone up about 400%!”

Halving of production & other factors

The fast-approaching halving of Litecoin production next month, estimated to occur around August 25 has been cited as one reason for the increase in interest. As production will drop next month, values are expected to increase with the drop in overall supply, with Bitcoin expecting its own halving next summer.
Additionally, since the markets have grown tremendously since the last halving of any major crypto-currency, the market effects are more pronounced today than ever before.

Also, the vast increase in digital currency interest throughout the European Union may also be a key factor. Many people that are new to digital currency, and low on cash, may favor the inexpensive Litecoin to start an investment. A unit bias and low prices of around US$5 to US$7 apiece may help Litecoin compete directly against bitcoin for new consumers, which is almost 40 times more expensive. In other words, new buyers may be more interested in holding 100 LTC than 2.5 BTC.

The recent correction of this market surge might be pointing to massive market manipulation, so invest wisely. CoinTelegraph will follow this story and provide readers with the latest market updates.

Source: http://cointelegraph.com/news/114809/chinese-pump-n-dump-suspected-as-litecoin-passes-bitcoin-in-trading-volume

It is important for us to only publish that best of the top picks.

From CryptoMoms' Forum:

Quote from: Chase on July 11, 2015, 05:47:33 PM

This is a great article about Melanie Shapiro, founder and CEO of Case Wallet Inc.


Having My Mind Changed About Bitcoin: How Dr. Shapiro Did It

As I walked around TechCrunch Disrupt NYC recently, I was bombarded with messaging, product demos and pitches.

Until I met a young lady who didn't know I was a tech journo. She had one goal, after I announced that "Bitcoin isn't my thing." To change my mind.

It didn't matter who I was nor what I did. She saw me as a challenge. To change one mind at a time.

And she did it discretely with diplomacy and gentility; almost lovingly. The things she was saying made so much sense and were made in the context of appreciation for innovation while trying to infect me with her passion about Bitcoin.

Her name was Melanie Shapiro and she's the founder & CEO of Bitcoin' company, Case Wallet Inc. which is based in Rochester, New York. Case offers what TechCrunch called "an insanely secure Bitcoin hardware wallet."

Dr. Shapiro is no slouch. In full possession of an MBA and Ph.D. in Management and Marketing, Shapiro talks excitedly and very genuinely about Bitcoin.

She and the company just landed $1.5 million in investor money, also from no slouches, RRE Ventures, Highline Venture Partners and one of her alma maters, the Rochester Institute of Technology Fund. The heightened significance of RRE's investment is that a co-founder of RRE is James D. Robinson III, a longtime Chairman & CEO of American Express. The legitimacy this adds to a Bitcoin-related business is immense.

Melanie Shapiro worked me over with a series of soft/hard-edged quotes that shifted my opinion about Bitcoin dramatically.

I don't know about you, but I find quotations to be one of the finest learning tools around. My two favorite quotesters are Winston Churchill and Mark Twain. So I decided to use Melanie's quotes here to try and convert you if you're not a Bitcoin supporter and even if you are, Melanie's quotes will provide you with more ammunition.

"There's a lot of misconception about what bitcoin actually is due to media narratives. The most popular reference I hear mentioned is Silk Road, but Silk Road wasn't enabled by bitcoin. People forget or don't realize that Silk Road was enabled by Tor, an 'anonymizing' proxy network. Bitcoin isn't actually an anonymous currency it's pseudo-anonymous. Want to know what's anonymous? Cash."

"The math and technology behind the blockchain is difficult for most to understand, but the beauty is - you don't have to get it to use it. Do you really get how the internet works? TLS/SSL? DNS? HTTPS?"

"If you ask the average person on the street what https is or dns, they likely wouldn't be able to tell you. But these things are underneath most of the applications they use on a daily basis. I think the real success of bitcoin will be when it's the foundational layer on top of which applications and processes are built without people having to understand what that means."

"While we can attribute a lot of our early attention to stories of bitcoin scandal, Mt Gox, and high-profile arrests, the stories being told now are of how the technology could have the potential to bring efficiency to the financial industry."

"The reason you should care about bitcoin's success is not just because it can help reorganize how the financial industry is run, but because it can bring freedom and empowerment to the people who really need it ... the billions of 'un-banked' people on this planet."

"Every CEO, founder, engineer or leader in the Bitcoin ecosystem is an educator - we all spend a tremendous amount of time just explaining what it is that we're doing and what kind of impact it can have. I think we're finally starting to see our hard work paying off. Sometimes it's as if we're all working for the same organization, fighting behind the same line, and on the same team."

"To truly understand the impact (of Bitcoin), consider what the cellphone did for telecom. There are places in the world that completely skipped over traditional landline phones, mostly because it's a resource-intensive advancement, and went straight to cellphones. Bitcoin will be the technology that leaps over traditional banking in these same parts of the world. The people in places that never saw truly established banking services will be able to use those cellphones they have to do their 'banking' in bitcoin."

"To me, bitcoin is just the denomination used to pay the toll to put stuff on the world's first completely transparent and immutable decentralized ledger - the blockchain."

"If you think about it, everything in society lives on some sort of ledger. You have a driver's license, which lives on an identity ledger at the DMV, your credit card purchases are tied to a currency ledger at your bank, you buy a house and that lives on a property ledger. The blockchain is simply a ledger, like all of these other ledgers that our very lives exist on, but instead of there being thousands of different ledgers held by thousands of different central authorities, the blockchain is one global ledger that all of these things can live on."

"You'll hear the word 'decentralized' thrown around a lot when talking about bitcoin. The reason for this is that bitcoin is a decentralized asset that no one entity has control over. This might not seem important, but think about the people who live in places where that central entity that controls your currency is corrupt or unstable."

"If it was as simple as just giving people another way to buy a cup of coffee, I can promise you that no one in our ecosystem would be working this hard. "

"We have to be careful with the word 'disrupt' when talking about the potential of Bitcoin for both banks and government. It may be exactly what we're trying to do, but it certainly doesn't help the conversation - it's just too aggressive of a word I think when trying to start a dialogue."

"It's not that we're trying to replace the current banking system or government; we're trying to work along side them to rethink current processes that are both inefficient and costly. Neither side is going to get anywhere without working together. Ultimately, I think we're at a place now where goals are aligned on both sides. Ultimately, the Utopian goal is a world where all assets, identity, and contracts live on a distributed, public ledger owned by no one central entity, a ledger that even lives underneath people's credit card transactions."

"The amount of people coming from traditional banking and from government that are talking about bitcoin now (in a positive way), are exposing a wider audience to what bitcoin actually is, and is useful for. It's certainly great PR for our entire ecosystem."

"Regulation is a great thing for bitcoin. It gives me, and the rest of us principles by which we have to run our businesses. However, it's important that we are being regulated by people who understand the technology and can give us guidance without hindering innovation."

"It does worry me that bitcoin won't succeed, that something will stand in our way and we'll never see it live up to it's promise and this is sad because there are a lot of people who really need this to work."

"One of the coolest things about a global ledger as a public utility is that it can completely reorganize the way we run our societies, which is why I think the blockchain is one of the greatest human innovations of our time. To all the billions of people who don't truly own anything, or have records of their lives and assets - welcome to the global economy!"

http://www.huffingtonpost.com/billrobinson/having-my-mind-changed-on_b_7613676.html


Quote From Shepherd, today 7-11-2015:

It is a good article. Here is one of the most striking statements to me: "Regulation is a great thing for bitcoin. It gives me, and the rest of us principles by which we have to run our businesses. However, it's important that we are being regulated by people who understand the technology and can give us guidance without hindering innovation."

We have very serious doubt that we are indeed being regulated by people who understand the technology. Most of our regulators do not know much about the technology or our industry as a whole. I just hope that it is not because they don't want to know. The knowledge vacuum is a serious problem that will hinder mass acceptance. Consistent with our commitment to identify industry problems and provide viable solutions we have been working hard to launch DCEBrief.com with a mission to brief busy executives, regulators and others on issues that matter by using "Executive Summary" format with full length articles if they like to read more.

DNotes and its community have consistently identified industry problems and addressed them with dedication and much hard work. We are proud to continue that journey and trust that we are worthy of your support and confidence.

Shapiro expressed a serious concern,  "It does worry me that bitcoin won't succeed, that something will stand in our way and we'll never see it live up to it's promise and this is sad because there are a lot of people who really need this to work." That is a legitimate concern. That is precisely why DNotes has positioned itself so differently. For DNotes to be the trusted global digital currency it must take the inclusion of everyone worldwide seriously, including the full participation of women.

Thank you for bringing back memories. Mr. Reid Hoffman is a proven visionary. Visionaries often examine current and future problems and wonder if there are viable solutions. If there are solutions; the problems  become opportunities. The bigger the problems the larger the opportunities. Next they will like to know who has the best solutions. They typically stayed invested for the long term. For large investors and busy executives, Bitcoin is still the obvious choice because of the name recognition and the network effect. Bitcoin has the largest ecosystem and the most momentum. It also has by far the largest marketcap.

From my prospective, those are bitcoin advantages over DNotes and we are not taking them lightly. One of DNotes strengths is to objectively examine the strengths and weaknesses of our industry peers at all time and adjust our strategic plans and executions of those plans accordingly. DNotes is positioned to succeed where Bitcoin has struggled.

Although this article is dated it is worth a second reading. The following was what I posted on April 11, 2015, page 250 on this forum:

"This is a must read article. There are very good reasons why some people are consistently successful. They don't depend on good fortune. They have the vision and they bet on it for the long term; a minimum of five years.

There is no sure thing in the investment world but there are many smart guiding principals. Take time to do your home work. Be totally objective and pick the top 10%. If you are correct, pick two to three from this group that you believe are the best in class. Invest in them for the long term. Keep investing more on a regular bases. Stay informed and adjust your investment accordingly".


KIM LACHANCE SHANDROW
ENTREPRENEUR STAF
APRIL 10, 2015


Reid Hoffman has an expert eye for promising tech startups. The LinkedIn chairman and co-founder's early stakes in Facebook, Airbnb and Dropbox prove he's able to see the next big thing before most of us even know what it is -- and it’s paid off for him time and again.

These days, the so-called “startup whisperer” is placing his bets on Bitcoin. As a full-time partner at venture capital firm Greylock Partners, he claims his primary focus is to invest in “world-class entrepreneurs with new categories of ideas with the possibility of massive scale.” One of those entrepreneurs is Wences Casares, co-founder ofXapo, an ambitious, Palo Alto, Calif.-based Bitcoin wallet and storage startup. With Hoffman leading the charge, Greylock invested $20 million in Xapo last year.
 
“Bitcoin has the potential to be a massively disruptive technology,” Hoffman wrote in a post announcing the investment last July. “It is the leading digital currency and it’s growing fast.”

Related: LinkedIn's Reid Hoffman: Success Tips From Silicon Valley

Then, in November -- a month before Bloomberg declared Bitcoin the worst-performing currency of 2014 -- he announced a hefty personal stake in Bitcoin that he brokered, a $21 million investment intoBlockstream. The Montreal-based startup aims toimprove upon Bitcoin’s blockchain backbone, the shared public ledger upon which the virtual currency’s entire network relies.

We caught up with the father of online professional networking recently to find out why he’s betting big on Bitcoin and why he thinks the controversial cryptocurrency is here to stay. What follows are portions of that interview, edited for clarity and brevity.

Related: Why This Internet Pioneer Thinks Bitcoin Has the Power to Break the Cycle of Poverty

When did Bitcoin first pique your curiosity and when did you become a believer?

I first got into it after speaking with Wences Casares, who I refer to as Patient Zero for Bitcoin in Silicon Valley. Patient Zero is the first infection of a viral contagion.

I’d been paying attention to Bitcoin because a couple of other people that Wences had talked with, like Katana Capital founder Charlie Songhurst, had also talked to me about it and said that it was very important. No one had made the argument in a way that stuck yet, but it made me curious. I started to really think about it, so I sought out Wences in the summer of 2013. We had a fairly thorough conversation. He articulated very strong positive theories about Bitcoin and I began to feel empowered.

Related: IBM Looking at Adopting Bitcoin Technology for Major Currencies

What is most interesting about Bitcoin to you? What attracts you to it?
Once I started really digging into it, I came to realize that there are three aspects to Bitcoin that are interwoven and Bitcoin is most interesting because of them. They are: One, it’s an asset, like digital gold 2.0. Two, it’s a currency in as much as currency is like the digital app that allows you to begin to transact and trade. And, three, it’s also a platform where you can build financial and other products on top of it. These attributes all bound together are what convinced me that there’s a certainty that there will be at least one global cryptocurrency and that there’s a good argument that it’s Bitcoin, or that Bitcoin is one of them, if not THE one. And, if Bitcoin isn’t that global cryptocurrency, than something else will be.

I think that a global cryptocurrency that is an asset, a currency and a platform, is pretty essential for good progress in what we can do when it comes to building products and services, banking the unbanked in the third world and creating effective commerce across borders, among other things.

Related: 'Days Felt Like Years': What Morgan Spurlock Found When He Tried to Survive on Bitcoin for a Week

You’ve said that you’re not concerned with the day-to-day price of Bitcoin, that you’re more focused on the long-game outlook of your Bitcoin investments. Why?

My investment philosophy is very much long-term. I don’t do any small trades, like, “Oh, I’ll own this for a year and then I’ll sell it.” I invest only in long-term trends. That’s part of the reason I’m a venture investor. When I invested in Airbnb, when it was totally a new and random thing, most people said, “No way, no one’s gonna’ have strangers over at their house to rent a room, etc.” I saw it differently.
When I invest, I think, “What is the way the world should be and is this investment part of that end? Is this plan the best plan for that to happen?” So that’s minimum five years. When it comes to Bitcoin, that’s the framework that I think about it in.

Why do you think the price of Bitcoin has diminished so much since late 2013, when it soared above $1,000?

I think that the price drop has gotten lost in asset speculation. A lot of people were like, “Oh, my God, I gotta’ get in now!” They thought it was a get rich quick scheme. Obviously the run up was driven by speculation. Speculation tends to be very volatile to, “Oh, my God, it’s headed down now. Oh, get out quick.” Speculators are not long-term buyers. Speculators are cash in on the upswing and know when to get off the boat.

Honestly, I don’t even check the price. I don’t even know what it is right now. I would guess it’s around $200-ish. Once it went down to $200, it’s actually not been that volatile since. The volatility decreased after that big drop and it’s now coming to a point where it’s at the current clearing price.

Related: How a Teenage Entrepreneur Built a Startup on Bitcoin Riches

What are the biggest challenges holding Bitcoin back from mass adoption?

There aren’t enough use cases that make it easy enough to transact in Bitcoin yet. It has to be easy to use and reliably fulfill people’s needs. Most of the places a digital asset is needed very badly are not places like the U.S., where I can sit with my dollars in the bank. It’s more like Argentina or Ukraine or Russia. Those areas still have to get to the point where it’s useful.

Once you get the asset store working in those locations, you have to figure out where people want to transact in Bitcoin. Is it cross-border transactions? Is it other types of transactions that are unique and difficult to do?

While it’s cool that Overstock will accept Bitcoin, a lot of people in the U.S. have credit cards and can buy from Overstock with them, so they don’t need to get Bitcoin in order to buy from Overstock. Most mass adoption of technology doesn’t just go do something just because it’s cool. When you get mass adoption, it’s because it’s serving a need.

Related: Winklevoss Twins: Bitcoin Is Like a 'Child Taking Its First Steps' But Will One Day Win the Finance Marathon

What is your advice to those considering investing in the Bitcoin space?
Roughly speaking, it’s very much like a venture investment. What I tell people who are angel investors investing in it, even though I think that the likelihood that Bitcoin will go to zero is very low, I say don’t invest in something you’re not willing to lose, or lose a good portion of. Now, for portfolio management, like if you have $10,000 and you invest $500, that’s usually kind of an unsafe side bet.

If you’re interested in Bitcoin, if you believe it’s part of how you think the world should be, the way the world will eventually end up going towards and you want to participate in that, then it might be for you. Or, if you’re in some place where you have no real, good asset value store and you’re uncertain about the banks, you’re uncertain about the government currency, then Bitcoin can provide a useful asset store for you.
http://www.entrepreneur.com/article/244859

Just to be clear. This is Matt's project and he has been working on it before I met him. I was at his KeyNote speech at the Inside Bitcoin this morning when he made the big announcement. DNotes will be supportive of the project but have not decided on our level of involvement. It took me over two hours to get home today which will be too demanding. We may maintain a minimum commitment with our own suburban office closer to my home. It is not likely that we will make a firm commitment until early next year. I will be meeting with the group again this Monday.

Turn out at the conference was on the low side; per less than 200. I met quite a few industry leaders and had some friendly conversation. With due respect, none of them seem to know much about DNotes at all nor seem to understand the significance of CryptoMoms, DNotesVault and our family of CRISP. It is news to them. One of our strengths is to remain agile and be able to make decision very quickly. DCEBrief will be invaluable to our industry. What I learned today further reaffirmed it. It is quite amazing how much we have accomplished so far.

I will be at the Chicago Inside Bitcoin convention today but will be checking in later this evening. Have a good day. Alan

Thank you for participating in this HOT topic. You are already right on one point. They are “very nice”. Quite a few from different credit card companies and major banks have already connected with me on my professional network on LinkedIn. Of course, I am “very nice” too, lol. But that’s me. Having said that, I will say that you have made some solid points. Beyond the high merchant fees and charge backs, what has been most troubling to me is the high interest burden of close to 30% the average consumers and small business owners have been paying. It is easy for those who have the cash flow to say “why don’t you just pay off the entire balance every time. If they could, they would. Tens of millions of people are struck with high credit card balance because they simply do not have the money to pay it off or even pay it down. I never have a problem that everyone in business is out there to make a profit. However, I feel very strongly that the credit card companies have been taking advantage of those who can least afford by charging them such outrageously high rate when they are getting the money for nothing. Indeed, that is one more reasons why I am so passionate about building DNotes to be the trusted global digital currency for everyone worldwide.


“Credit card companies make the poor, poorer. Digital currency (DNotes) will remove this problem.” I am 100% in agreement with you, HORT. Thank you for taking a strong position.

"Perhaps this is a good time to offer to set up wallets for anyone who has expressed any interest in Dnotes/cryptos?" I will also support that, Mark.

On a different note:

This is by far the best article I have read regarding Greece’s debt crisis.  If you are a serious observer, it is certainly worth reading. I am deeply concerned that the crisis will spread with very negative global impacts. Some “argued, it might create global financial shocks bigger than the collapse of Lehman Brothers did.”  I hope not, but if the Chinese stock market continues its free fall, I may not be far from that camp. The last time, many major corporations got into serious financial trouble. This time around, it will include local governments, state governments, nations and their fiat currencies.



By THE NEW YORK TIMES UPDATED July 8, 2015
Liz Alderman, James Kanter, Jim Yardley, Jack Ewing, Niki Kitsantonis, Suzanne Daley, Karl Russell, Andrew Higgins and Peter Eavis contributed reporting.

“…………..  How likely is there to be a ‘Grexit’?
At the height of the debt crisis a few years ago, many experts worried that Greece’s problems would spill over to the rest of the world. If Greece defaulted on its debt and exited the eurozone, they argued, it might create global financial shocks bigger than the collapse of Lehman Brothers did.
Now, however, some people believe that if Greece were to leave the currency union, in what is known as a “Grexit,” it wouldn’t be such a catastrophe. Europe has put up safeguards to limit the so-called financial contagion, in an effort to keep the problems from spreading to other countries. Greece, just a tiny part of the eurozone economy, could regain financial autonomy by leaving, these people contend — and the eurozone would actually be better off without a country that seems to constantly need its neighbors’ support.”

Read More:
http://www.nytimes.com/interactive/2015/business/international/greece-debt-crisis-euro.html?_r=0

Check this out:

http://insidebitcoins.com/


DNotes is in the Rolling Headline News! Quite cool.

Well, RJF, at least you don't have to pick-up skype call at 3:00 AM (CST) with some saying "Did I wake you up? Oh, sorry, I forgot that we are not in the same time zone". LOL.

They are. Thanks mochillies.

This is going to be an extremely important site that will target VIPs in the political, regulatory, media, and business world among others. If have you great talent in an area you believe could be helpful, please let us know. I encourage our community to give this project the highest level of support.

Nice Feature Story

Story Highlights

The Greek government might need to issue a digital currency of its own in case the country can no longer use the euro

Greece faces a deeper depression and higher unemployment if it returns to a potentially worthless drachma


NewsBTC
Sarah Jenn
By Sarah Jenn
Jul 7, 2015 7:00PM UTC

With the Greek debt crisis still far from over, Prime Minister Alex Tsipras is now considering alternatives to shifting back to a potentially worthless drachma. Bitcoin has been on the rise, thanks to capital controls imposed in the country, leading the Greek leader to consider digital currency solutions.

The Greek referendum has resulted in an overwhelming vote against additional austerity, which means that the country could forego the much-needed bailout and be forced out of the euro zone. However, it might be thrown deeper into depression and skyrocketing unemployment in that case.

Digital Currency Alternative

Greece is stuck between a rock and a hard place, but it appears that it might be better off staying in the euro zone. “Greeks have seen their living standards cut, unemployment is running at 26 percent, youth unemployment is over 50 percent and they’re about to face an even bigger depression,” mentioned former senior executive of PIMCO Mohamed El-Erian.

With that, Tsipras suggested that the Greek government could issue their own digital currency that might have more value in case the country can no longer use the euro. “What Greece needs, is to adopt a global digital currency that is built with trust and integrity for everybody worldwide, so that anyone may participate regardless of financial or economic standing,” explained DNotes founder Alan Yong.

“If Greece chooses to return to a national currency like the drachma, or government backed digital currency, it is unlikely that currency would have much value outside of Greece. Greek citizens will fear that the new currency will be worth much less than their current eurodeposits, and this will be counter-productive to preventing further bank runs. I believe that a digital currency that has its value set globally is the solution; a currency that remains stable regardless of local political turmoil,” he added.

Source: http://www.newsbtc.com/2015/07/07/greek-pm-tsipras-considering-a-digital-currency-solution/

From CryptoMoms' Forum:

Quote from: indiamikezulu on Today at 06:14:12 AM
Much much worse, Chase:

peak oil, peak soil, peak water, peak people; debt; militarism, debt, climate change (whether it's us or not . . . ); 'social incohesion' -- and did I mention debt?

Summary Tuesday Afternoon (here in Australia):

Chinese exchanges down about 4% on average, with one at 5.3%

Around 900 companies have suspended trading to halt the rot.

Anger expressed that the 'stiffening-up funds' have gone into blue chips (the stuff that didn't fall 5.3%!)

Most telling, readers, is the talk of 'unwinding postions.' That means that, not only will selling-pressure continue, it will increase.

[This is good: http://atimes.com/2015/07/china-stocks-tumble-again-despite-support-measures ]

Europe:

" . . . scrambling to find a way . . . "

Mark (IndiaMikeZulu), Australia

Quote from Shepherd:

That sounds more troubling than I have been concerned about. I was expecting a soft landing. What is most troubling is that any major economic nose drive will painfully affect the working class significantly more than those who have the reserves to weather the storm. When people are struggling to make ends meet, literally, saving $10 to $20 a month while possible for some do not make that much of a difference at the end of the year ($120 to $240).

There are no sure things and past records are no guarantee of future performances. Simply as a point of reference, $120 invested in DNotes in March/April 2014 has gone up 30 times. $120 would be worth $3,600 today. Our family of CRISPs are designed to offer an opportunity for those for are concerned about their abilities to save but seldom have enough money left to make a difference. Anyone who doesn't have a CRISP account should take a very close look and decide if that is right for them. Please feel free to ask any questions. Our community will assist you in any ways they can.

Welcome to DNotes, chinook. It depends on the funds. Most of them have their own goals and objectives with a variation of investment strategies to achieve the best balanced portfolio from their prospective. Many funds will not invest in high risk situations such as DNotes, Bitcoin and any other Altcoins for that matter, especially at this infancy stage. This will change over time as the industry matures. However, some funds that allocate a small percentage of their portfolio for high risk situations will invest in our industry. I believe that some have been investing in Bitcoin and other coins.

In my personal opinion, well positioned and professionally managed digital currency such as DNotes offers a rare opportunity for "small" funds and individuals who have little left over to save. Compared to traditional savings and other investments, investing a small amount in DNotes on a regular basis could, in 10 to 15 years from now, make a significant difference because of its huge potential price appreciation. This is the main reason why we have set up our family of CRISPs so that anyone interested to save on a regular basis can do so. Anyone can easily open an account at the DNotesVault. In the case of students we automatically deposit up to 500 Dnotes in their account over a period of 12 months. They can start owning DNotes without having to pay for them. We are still in pilot mode at this point but will start promotion our family of CRISPs in a few months. It is important that there is a better awareness of DNotes and our missions before our campaign to encourage more CRISP savers.

With regards to "invest strictly in DNotes", I do not believe that is a good idea. There are not sure things in investing. It is always a good discipline to maintain a diversified and balanced portfolio. Hope I have been helpful in answering your question.

Great find, Chase. There will be a lot more coming.

Yes, it's great to have a local representative. Thanks, qiwoman2. We appreciate that very much.

It's interesting how I was being quoted along side with  "The Guardian" on something I very much agreed. Keep it coming.

The Guardian:
http://www.wopular.com/mr-tsipras-we-need-rebuild-trust-we-can-talk-guardian?p=2&d=ask#ask

Mr Tsipras, we need to rebuild trust before we can talk The prime minister of Greece needs to part with a style that has undermined the credibility of his leadership: only then can new negotiations with the EU begin
07/6/2015 - 6:27 am | View Link

Alan Yong:

Grexit Digital Currency Long Term Solution? Co-Founder of DNotes, Alan Yong Shares His Vision.

"The rich may end up losing a vacation home in a foreign country but many of the less fortunate are at risk of losing their entire life savings, while being too old to rebuild ... talk of creating their own digital currency. Prime Minister Alexis Tsipras ..."

07/6/2015 - 3:29 am | View Link

By nature, I make a strong effort to be positive with a high preference to effect a productive and positive out come. There are many indicators around the world that are beginning to look quite troubling.

I am not against the rich. In fact I envy those who are successful in business. However, I am seriously concerned that the working class is being squeezed to the breaking point in many parts of the world. Many who are currently considered "working middle class" could be forced down to be the new "poor". Relatively speaking, being poor was not so bad when I was growing up as a kid. We hardly had any bills to pay. That is no longer the case today. Collectively, we are paying hundreds of billion of dollars in credit card interest alone. And, of course, there are many other monthly bills to pay. It is heartbreaking to see the Greek citizens in such financial struggle. It would be nice to be of some help.

Hi Mark, you have certainly picked the right subject matter. There will be a lot of headline news on these. There are a lot on uncertainties around the world. Our article on Greece's financial crises should start showing up in various news outlet worldwide. I am watching anxiously.

Thanks, cojack. Interesting concept. We may not want the "executive brief case" look so dominating.

Excellent press release. I am very anxious too.

It is easiest to use a news interview format for our first batch of Youtube videos. I just sent you an email with further details.