The Grexit issue is very concerning, I'm not entirely sure how anybody didn't see this possibility coming!!! Like, if you were Greek, wouldn't it have made sense to move your savings away from a Greek bank years ago to mitigate the risk of a total loss? It proves that Government backed Currencies are no safer than the new Digital Currencies.

Perhaps rather than trying to completely conform to a traditional financial standpoint, Bitcoin should be more worried about taking advantage of the shortfalls and inefficiencies in the current system and capitalizing on markets that traditional finance just can't compete with. Fiat won't go away overnight, neither will debt based systems. The best we can do is offer a far superior alternative to the old system, smart people will get on board, others will stay in their comfort zone.

I think we should be moving away from the word stability, as deflationary currencies are designed for reliable value appreciation, not stability. I recently saw a comment about DNotes 30x value appreciation being far from stable, which is a valid point.

Hello everyone.

Some of the problems confronting the industry would be what is listed in "What major obstacles does DNotes face to achieve success?"  Maybe we should continue with this post. 

I can answer this in a very limited sense, only considering the content itself.

A lot of times, in my experience, decision makers of various kinds at least initially want to know the bottom line. That would be the idea, recommendation, or request diffused to its most simple form. It would be one or two sentences which just "tell it like it is." The bottom line does not get bogged down with explanations, proofs, and details.

If the bottom line is all a decision maker needs to know (i.e., he has full confidence in the information he's getting from this source), then anything more is burdensome.

But if he wants to know more, then the source has to be prepared with those explanations, proofs, details, reasons, etc.

So let's say we have a website that's going to be informative to politicians (decision makers).

I would have the website set up in several layers. The first layer (the top layer) that they will see the most readily is going to be that bottom line. One or two simple and well crafted sentences which tell it like it is.

At the bottom of the page containing the bottom line, there is a link for more information. If the decision maker needs that info, he will click on it. This will take him to another page that provides a bit more information. It would not be complete information, more like the bottom line more fleshed out. Maybe there are five or six sentences that give an initial explanation of the why.

That page too will have a link for more info or more details, and that will lead to a page containing a longer version.

I'm not sure how many layers you need, but the very last layer would have all the citations, proofs, plus the most detailed explanation possible--the whitepaper as it were. There may be occasions when reading all that would be necessary but I suspect with politicians that would be pretty rare. However, that info does have to be there because they might want their staff to read it and summarize it for them (we, of course, already have, but they trust their staff, not us).

So... for example...

your bottom line statement might say something like this: DNotes is the digital currency that is best positioned for global adoption.

If a politician is already convinced that such a thing is needed that may be all he needs to know. He's coming to the site with one question: "which is the best digital currency positioned for global adoption?" He learns that it's DNotes, and voila, he's informed.

But most likely he's going to have some questions, so he'll click on the more details tab. So the next page would say something like this (in the form of bullet points): Dnotes is the most stable digital currency. DNotes has consistently appreciated in value over time. DNotes owns valuable assets (CryptoMoms, Vault, CRISPs). DNotes is easy to use.

The next layer below that would expound a bit on each of these bullet points, perhaps by showing a chart or two of how DNotes' value compares to other leading digital currencies. You would provide direct links to those assets (proof that they indeed exist and aren't just a figment of our imagination).

Below that, you might include details about the strategic plan DNotes has followed to date and a time line which would also include as much info on future plans as you're comfortable sharing. You do need some, though.

Below that, you include your detailed whitepaper complete with technical specs and citations. For example, you've mentioned how you've observed unhealthy and destructive patterns in crypto projects. Here is where you link to actual forum postings (as well as links to postings on DNotes forum which handle a similar issue in a more positive non-destructive way). But anyway, this is where all your proof is. For a lot of people, just knowing the proof exists and is available for their perusal is enough. Some will want to pore through it to make sure it actually does lead to the conclusions you say it does.

The goal of all these layers is to easily inform decision makers at exactly the level at which they want to be informed and not burdening them with more details but at the same time assuring them that those details are very accessible should they ever be needed.

Revisions to the idea for the new site:

We are going to make it neutral. Still including a dedicated DNotes section but more of an industry site. It will become a DNotes asset, just like CryptoMoms and DNotesVault.  

The intent will be to help educate our industry and regulators in a meaningful way. There are a multitude of problems we can address with this site from media to regulation and the general lack of understanding of our industry. Targeting busy political leaders and business executives.

I'm quoting what I wrote earlier on the subject of recommendations for regulation. The very brief summary is that I would recommend a regulatory licensing system where the main goal is to inform consumers of potential risks but to not prevent them from taking those risks. To put it even more bluntly, the goal should be to as far as possible assure the customer that what he is buying is what he thinks he is buying. Again, all I need to do is reference the GAW fiasco for people inside the industry to know what I mean, as theirs was a situation in which this customer thought she was buying one thing but she actually bought a different thing altogether, and then that different thing changed twice before it finally died.

EDIT: Yet another way to summarize my recommendation is that the hand of regulation should be heavy when it comes to preventing outright fraud or even "misleading with the best of intentions." However, as long as a level of truth (transparency) is established, then consumers need to be free to make their own choices concerning what levels of risk they are willing to take on. For example, I believe there is a rule that in order to be a venture capitalist you have to already own a certain amount of money/assets, something like over a million dollars. Why? There is no reason why I as a person of moderate means shouldn't be allowed to be an angel for my neighbor's cake decorating venture (which may only require a thousand or two in start up costs). But I would be very disappointed if I fronted the money for it and then found out later it was actually a basket weaving business (even a very good basket weaving business). Bottom line: I want the government to help people not lie to me and then I want it to leave me alone to make my financial choices.

Important stuff?

info about degree, type (and cost?) of tech-support available to newcomers: 'go-to-whoa mentoring'

[In different geographical areas, committed Dnoters might go to a business that has put its hand up; introduce themselves; and go from there. In 2013, the Franko's dev managed to have the Franko officially accepted by a Washington Chamber of Commerce. Outcome? The project never got off the ground because (apart from me trying to do it by email from Western Australia . . . ) the community didn't lift a physical or digital finger to advance the initiative.]

Mark (IndiaMikeZulu), Australia

For starters, all the things you mention above plus a concise history of DNotes focused on professional development and mission. Also, a writeup on DNotes differences from Bitcoin and why these are important in a commercial usage environment.

And, I would love to see some quotes from known industry names about DNotes. Don't know if these exist yet or not but would nice...

I'm sure I will think of more.... 

New York State Department of Financial Services (NYDFS) gets 1st prize in the category of "How Not To Do It!"  Really, a 31 page application form??  I groan if something has 2 pages - lol.  I did enjoy the Reddit comments and even though they were meant to be funny, they sure have a lot of truth in them.

That idea is even better. A drive document could be used where regulators, lawyers and related professionals can come and give their views, and somebody from the DNotes team can elucidate the content for a web page the general public can read. The content might come in useful for a regulation section for industry professionals in the introduction to crypto handbook.


It doesn't surprise me one bit that you did all that concurrently. The hard work people like you do, is the reason that projects like DNotes succeed. I'm sure you may have heard about the 10,000 hour 'rule' that some people speak about. Somebody put 10,000 as the number of hours needed doing something until somebody can become a 'master' of it. I applaud the trend of young people being behind many / most  crypto businesses and the success their ideas have brought them (The etherium founder was what? 17 when he came up with the idea!?). However, I highly doubt that many people controlling crypto businesses and/or currencies come remotely close to meeting 10,000 hours experience in business, let alone 10,000 hours experience in crypto / developing a digital currency. You have stated that you learned of crypto in late 2013, but given how many hours you fit into the day, I'm willing to bet you already have thousands of hours of knowledge behind you - more than most who were actively involved from just after Bitcoins inception in 2009. When it comes to the business experience side, you already have some four decades of it, and much of that is in the technology / computing industry. The other founders also have decades of business experience. All you needed to do was learn about crypto and apply your business acumen to it. This is in stark contrast to most people who release a Digital Currency, who tend to have zero (feel free to name me some that do). This is a major competitive advantage that DNotes has, and DNotes should and has created this point of difference effectively. It is the reason DNotes is being represented at NASDAQ, while other crypto that currently have higher market caps are not.

Thank you Alan. we see things much the same. I prepar my draft and send it to you. hope we will have fruitful common work

Hello all!

I'm back to life again, just completed my last exam for the semester... albeit alive on one and a half hours sleep.

Now I can begin the projects I've wanted to get onto these last few weeks (after some sleep). I think a separate informational page in either a blog style, or one that has a link to a google drive document (read only) that certain forum members have editing privileges could be a great way for people that work in regulation related fields to have a gander at.

It would be correct in my view, to focus on making ascertaining DNotes as simple as possible in any form- whether that be from dollars or from other crypto. It's really cool that wiser wrote a crypto guide on how to buy crypto, perhaps we should throw that link in the sticky.

Off to bed.

- TeeGee

Thanks for this comment Alan. Yes, I'm interested to go deeper with Dnotes as a global and community's nature currency. I'll gather my thought regarding the best lanes to push DNOTES as a characterized coin upon many non characterized coins in a very Innovative arena - and write to you in 1-2 days my thoughts. I think that the field of non institutional currencies is facing now a great opportunity because of the huge mistakes that many govermments  made regarding their institutional currency - by over printing - in manners that shakes the public trust toward these currencies.

It sounds as you made great representation for DNOTE at the center of the world, as one more step up. respect

Thanks Wiser, that is a great idea. One of the things Alan and I have discussed is having an outlet for this sort of information and provide a direct link to interested parties. Including regulatory issues and recommendations, executive summaries for DNotes and DNotes related topics.

1 option is in CryptoMoms or in dedicated threads on CryptoMoms, however we feel it would easily get lost and potentially cluttered. DNotesVault is not a likely candidate because of the subject matter and we want to keep DNotesVault as clean as possible. Another option is a dedicated blog style website that would allow commenting and active participation.

I would like to hear everyone's comments on this subject. Where and what format do you feel would be best for this type of information?

A feature I thought of earlier today was to have a way that a user could lock up funds in his or her vault, either vault-wide or address specific. There could be several lockdown periods, such as two weeks, 30, 60, and 90 days. There should be a way to initiate a lockdown without having to log into the account, for example, by texting "lockdown" followed by user's vault email address to a specific number. This would allow a user to halt any withdrawals if he or she suspects the account has been compromised (and the user's email address has also been compromised)--as could happen if a user's laptop computer were lost or stolen (let's face it, most of us do not adequately encrypt our computers!). I would think a user who is planning to deposit and hold might also trip the lockdown period on any "savings" accounts so as to remove temptation to spend funds which are intended to be saved. There would be some kind of procedure in place for lifting the lockdown (and allowing withdrawals) that would involve among other things, waiting out the lockdown period, changing the password, and communicating in some way that all is well.

I'm also all for making it easy to accept online payments from others, so having plugins that integrate DNotes vault with existing ecommerce plugins would be great.

If I ever run a successful online retail operation which takes payments in DNotes, one feature I would love to see is for payments I receive to be automatically divided and sent to different addresses within the vault. For example, I might want to take 10% of each payment I receive and put it in my retirement CRISP (you know, pay myself first), then the rest I might divide up between an expense account (to cover costs), my spending money, my CRISP for kids accounts, my employee benefits account (if I had employees), and my favorite charity. Basically, it would be the beginnings of automating the accounting and bookkeeping.

I'm not sure what DNotes has planned for an exchange or trading platform, but one thing I would love to see is the equivalent of Cryptsy or Poloniex with one major variation: The base currency that all altcoins trade to or from is DNotes, not Bitcoin. Besides that, one feature Cryptsy has that I love is autosell. You can program your account to automatically sell any coin upon deposit. One feature Poloniex has that I really love is the ability for users to lend funds to margin traders. I'm doing very well lending out Bitcoin at 0.06% daily interest rate.

And can't forget something like Coinbase which would link DNotes directly to fiat and a fiat bank account. I'm not selling DNotes right now, but when I do, it would be so nice if I didn't have to first convert to Bitcoin in order to convert to fiat.