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1921  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 28, 2015, 01:23:54 PM
@RJF, pm'd.  Only 5 DNote coins left for sale.  The other 20 can only be pulled from the packs of coins I sell.  Goin fast now.  Thanks for your support and look forward to the future of DNotes.

wheelz1200

     Hey Wheelz. I will take 2 of the last five.

Smokey

Pm'd.  This community has great support! Thanks everyone.  Looks like only a couple left directly for sale.  After they are gone they will only be available through my packs where they are randomly inserted amongst other coins as well.

Wheelz1200

This community is my pride and joy. Its awesome. I have been around for a very long time in the business world and I have never came across a group of people who are so supportive and respectful of others; always ready to jump in and help out. Like me, they are just the average Joes and Janes but passionately committed to make our world a little better for as many people as possible. That is one of the reasons why I totally believe that DNotes will, one day, truly become the trusted global digital currency for everyone. It has a purpose and a mission. I believe that some day in the future a few from the top 2% will indeed join us in our mission to expand financial inclusion and assist many to rise from poverty through a helping hand we provide to climb the social economic ladder. That is what we stand for and committed to do.
1922  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 27, 2015, 11:37:21 PM
I’m proud to announce the sale of my first series of physical coins…..Genesis Coin
I have chosen DNotes to be part of the first series of my physical coin line
-   The idea: I was looking for physical coins, other than the more well known coins (i.e. Bitcoin, Litecoin, etc.) and saw that there weren’t many choices out there if any at all. There are many companies minting physical Bitcoins and I did not want to add just another choice for people. So I went out and created a brand new line of coins to compliment the current market.  So what I am bringing to the market is a line of coins, which I call Genesis Coin, which in my first series of coins will represent 12 different coins with a total production run of 300. 



Thank you wheelz1200, they look great!

Im proud to announce I will be accepting DNotes for payment for my Genesis series coins.  Support your community and get your physical DNotes coin and pay in DNotes if you wish.  Pm me for details if you are interested.

Wheelz1200

Nice, Wheelz1200. I will take three. PM me total amount with DNotes Deposit address.
1923  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 27, 2015, 09:08:18 PM
Thanks team happy can contribute to DNotes with something ... really not to much visits to blog but its there for one good interested need it


I know that you have been making extra efforts to support us, and we appreciate that very much. When I don't post as often or make very short posts it means that I am extremely busy with other projects. I seldom put in less than 12 hours a day focusing on taking DNotes to the next level. It is hard work by well worth it. I am very passionate about using DNotes to help so many who are struggling every day to make ends meet. Our family CRISPs are the perfect vehicles for that.

On a side note, TeeGee has very busy finishing his final exam. He he been putting in a lot of time working on different DNotes projects, including our most recent press release. We certainly like to thank him for that.
1924  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 27, 2015, 06:07:39 PM
I added employment incentives plan to spanish blog, also find nice widgets for realtime price show !

http://dnotescoin.blogspot.com.es/

Thank you very much, infovortice2013.
1925  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 27, 2015, 04:32:23 PM
North Carolina is placing a blanket surety bond requirement on digital financial companies.


North Carolina Considers Regulating Bitcoin

North Carolina laid down to control digital currencies transactions. Regulations are being developed to make the sphere more reliable. In the beginning of May draft law passed the state House and now is directed to the Senate.

Companies dealing with digital currencies must offer customers a well-developed system of work. There are standards of consumer protection, anti-money laundering and some other that must be compulsory for everyone.

Although virtual currencies, bitcoin in particular, have some obvious advantages known for financial geeks, many customers are still far from clear-eyed understanding of the details. The whole process seems to be quite simple – people sell and purchase in the Internet and store electronic cash in wallets. It allows making transactions all over the world with minimal fees and not providing secure bank information.

But it would be incorrect to say that using digital currencies doesn’t imply any risk, which in fact caused the necessity of regulation. The Consumer Financial Protection Bureau announced that electronic money is not as safe as physical one stored on bank deposits, it’s not supported by the government, has volatile exchange rates and is prone to hacker attacks.

Ray Grace, North Carolina Banking Commissioner, reflected this contradictory nature of digital currencies saying: “There are two sides to the Bitcoin. One side is the clear potential value of the innovation, and what that could portent for the payment system. Since we’re a business friendly state, we want to facilitate that. But regulation was needed to keep bad actors out. We wanted to mitigate the risk while facilitating the potential benefits down the road.

Nowadays there are many digital currencies created on the basis of bitcoin protocol – Litecoin, Auroracoin, Peercoin. Such companies as Overstock.com, Dish Network and Expedia have contributed greatly to popularization of bitcoin and other currencies. Several US states are planning to start accepting taxes in bitcoin although final approval of this law hasn’t been received yet.

The first regulations were developed by the U.S. Treasury Department’s Financial Crimes Enforcement Network in 2013. New York followed and issued the first charter for businesses dealing with virtual currencies. It serves to protect bitcoin entrepreneurs.

According to new regulations digital financial companies in North Carolina must:

post a surety bond intended to protect customers of at least $150,000 growing to a maximum of $250,000 based on trading volume.
have a net worth of at least $250,000, which the banking commissioner could increase if deemed necessary.

conform to a clear set of prohibited practices such as never failing to send money as directed.

Source: http://www.coinspeaker.com/2015/05/26/bitcoin-news-regulation-north-carolina-9559/

"According to new regulations digital financial companies in North Carolina must:

post a surety bond intended to protect customers of at least $150,000 growing to a maximum of $250,000 based on trading volume.
have a net worth of at least $250,000, which the banking commissioner could increase if deemed necessary".


It is going to be increasing more difficult, or nearly impossible for small players to survive in the United States. This new burden by itself may not seem much, but when each of the 48 States has their own  rules and licensing requirements, it is insane. Where are the advocates small business and innovation?
1926  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 27, 2015, 01:41:04 AM

This is an interesting article on how the largest generation in the U.S. is going to affect the banking industry:


The Millennial Generation: Banking’s Big Problem, and It’s a Good Thing

The Millennial generation is proving to be a large force behind the transformation and disruption of the banking industry. Their distinct habits and preferences will be responsible for reshaping the global economy in the decades to come.

Millennials are the largest generation in the U.S. and the fastest growing demographic in the world. Organizations and corporations worldwide are trying to figure out how to engage this generation whose brand relationships and patterns of consumption are distinctive from those of generations past. Young people think differently, consume differently and use traditional services differently. Companies who successfully unlock the keys to the habits of Millennials will reap major profits.

The banking space has felt the effects of this more than any other industry to date. It is pretty safe to say that millennials hate traditional banking. The Millennial Disruption Index is a three-year study based on extensive interviews with over 10,000 respondents who answered questions about which industries were most likely to be disrupted in the coming decades. Key findings include:

Millennials believe banking is at the highest risk of disruption out of all the industries in the survey.
53% think their banks offer nothing different from other banks.
71% would prefer to go to a dentist than listen to what banks are saying.
1 in 3 are open to switching banks in the next 90 days.
Four leading banks — JP Morgan, Citibank, Bank of America and Wells Fargo — are among their least favorite brands.
They also have big ideas on the future of money and finance:

68% believe accessing money will be different in five years.
70% believe paying for things will be different in five years.
33% believe banks aren’t needed at all.
50% believe startups will change the way banks works.
73% would be more excited about a new offering in financial services from Google, Apple, Amazon, Paypal and Square than a nationwide bank.
It’s no wonder that banks may feel threatened and that the executives at these banks believe they could be facing increasing profit-margin pressure and outright disintermediation, as highlighted in a recent Accenture report.

Demographics and Characteristics

Goldman Sachs put out a report on the demographics and characteristics of the Millennials titled “Millennials Coming of Age.” Millennials were born between the years 1980 and 2000 and are considered the largest generation in American history at 92 million. For comparison, Generation X has 61 million and the Baby Boomers have 77 million.

Goldman recognizes five defining characteristics of this generation:

They are the first digital natives — the first generation that has grown up fully connected to smartphones and the Internet.
They have use social media in a profound way and are completely “connected.”
They have less money to spend.

continue reading: http://cointelegraph.com/news/114348/the-millennial-generation-bankings-big-problem-and-its-a-good-thing



The findings are very telling. Banks and financial services must take the changing landscape very seriously and start building new partnership with no other than DNotes. We have made and will continue to make dedicated efforts to serve both the students and the women's market. These are two very dominant forces that cannot be ignored.

DNotes is the only digital currency invited, and I will be a speaker addressing a prestigious group of investors and VCs at : Silicon Dragon NY 2015
Silicon Dragon NY 2015: Innovation Revolution
June 22, 2015, 5:30pm – 9pm
NASDAQ Market Site, 43rd / Broadway

It's quite an honor. DNotes is getting discovered. Check it out: http://www.silicondragonventures.com/events/events-2015/silicon-dragon-ny-2015/

DEALMAKER PANEL
Jim Robinson, Co-founder/Managing Partner, RRE Ventures
Pat Kenealy, Managing Director, IDG Ventures USA
Alessandro Piol, Partner & Co-founder, Alphaprime Ventures
Annemarie Tierney, VP, Head of Strategy and New Markets, NASDAQ
Sandy Carter, General Manager, Worldwide Cloud Ecosystem, IBM
Claudia Iannazzo, Partner, Pereg Ventures
Moderator: Rebecca Fannin, Silicon Dragon / Forbes

INNOVATION SPOTLIGHT: DIGITAL CURRENCIES
Francesco Rulli, Founder, BitLanders & BitCharities
Sarah Martin, VP, Digital Currency Council
Alan Yong, Founder, DNotes
Moderator: Porter Bibb, Managing Partner, MediaTech Capital Partners

1927  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 26, 2015, 09:25:42 PM
Vote for Dnotes to be added at Coinomat.com https://coinomat.com/coinvoting.php
Coinomat.com offers bank transfers, withdrawals to Visa/Master card, and custom debit card for all the cryptocurrencies on its platform.
On top of that instant exchanges to all supported cryptocurrencies and e-currencies are available.
Crypto to Fiat liquidity can provide a significant boost to Dnotes.
more program details here: https://bitcointalk.org/index.php?topic=1053407

I just registered and voted. This could be a good near term solution for DNotes and our Family o CRISP.
Your support will be greatly appreciated.


Quote from Coinomat:

"we launched voting for new coins https://coinomat.com/coinvoting.php
Each registered user is able to cast three free votes. Also paid votes are available.
Each month a new coin will be added according to the voting results"


Voted

Thanks, infovortice2013. I know that we can count on you. I am sure DNotes will be on top of the list before long. Its a good near term solution.

1928  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 26, 2015, 03:53:08 PM
Just wondering if there is a multipool that I can get paid dnotes

Welcome oakmaster! We do have a few multi / auto switch pools, listed in the OP (https://bitcointalk.org/index.php?topic=470155.0), but I don't believe they are allow you to choose DNotes as a payout preference while mining different coins.
Thank You I really like what I see in dnotes and think this is one of the few coins with a real plan

Welcome, oakmaster and thanks for your kind words. We are executing our strategic plans everyday of the week for DNotes to become the digital currency in global commerce. Our opportunities are massive. The  biggest challenge is to make things really easy and make DNotes be available for everyone to get involved, without the technical complexities to scare people off.
1929  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 26, 2015, 03:17:00 PM
I’m proud to announce the sale of my first series of physical coins…..Genesis Coin
I have chosen DNotes to be part of the first series of my physical coin line
-   The idea: I was looking for physical coins, other than the more well known coins (i.e. Bitcoin, Litecoin, etc.) and saw that there weren’t many choices out there if any at all. There are many companies minting physical Bitcoins and I did not want to add just another choice for people. So I went out and created a brand new line of coins to compliment the current market.  So what I am bringing to the market is a line of coins, which I call Genesis Coin, which in my first series of coins will represent 12 different coins with a total production run of 300. 



Thank you wheelz1200, they look great!

I like them. Thanks. You certainly made the right call to include DNotes. Great job.
1930  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Employee Incentive Benefits launched! on: May 26, 2015, 03:11:26 PM
Vote for Dnotes to be added at Coinomat.com https://coinomat.com/coinvoting.php
Coinomat.com offers bank transfers, withdrawals to Visa/Master card, and custom debit card for all the cryptocurrencies on its platform.
On top of that instant exchanges to all supported cryptocurrencies and e-currencies are available.
Crypto to Fiat liquidity can provide a significant boost to Dnotes.
more program details here: https://bitcointalk.org/index.php?topic=1053407

I just registered and voted. This could be a good near term solution for DNotes and our Family o CRISP.
Your support will be greatly appreciated.


Quote from Coinomat:

"we launched voting for new coins https://coinomat.com/coinvoting.php
Each registered user is able to cast three free votes. Also paid votes are available.
Each month a new coin will be added according to the voting results"
1931  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 26, 2015, 02:16:02 PM

Wall Street is definitely waking up to the massive potential of digital currency and Blockchain technology. Bitcoin will continue to play an important role. It has the name recognition and the marketcap.

DNotes is getting a lot of attention too. My LinkedIn connection with Wall Street has been growing at a fast clip.

I will speaking as a participant of a panel about digital currencies at Silicon Dragon's NY event, June 22 evening, 5:00 p.m. to 9:30 p.m. at NASDAQ in New York. There will also be Venture Capital and other investors plus the Wall Street crowd. I have absolutely no doubt that DNotes is far better positioned as a long term investment across the board and the best candidate to gain mass acceptance.

Alan,

Will this event be broadcast anywhere? Cable? Net?

Bob

Perhaps not this time, but it will lead to a lot of great connections including certain news media, Wall Street, major investors, and Venture Capital firms. I always try to set our expectations low. It normally takes a lot of time and efforts to build A Class connections. Our experience with the larger exchanges in our industry is my source of guidance. I am absolutely certain that we are on the right tracks; sooner or later we will get to play on the world stage. It is better to be patience than to expect too much and be disappointed. Having said that. I must add that a lot of good things are happening significantly faster and in larger scale than I expected possible earlier this year. We will have a lot more accomplished by the end of this year and ready for rapid global expansion beginning 2016. That being the case, DNotes is significantly undervalued at 6000 Satoshi.

Actually, I wasn't thinking from a marketing point of view, just thought it would be interesting to watch. If I wasn't already engaged, I would consider making the trip in person but, the real world requirements often interfere with what I would rather do...  Smiley


It would be very nice if you can make the trip, but I understand that you often have a busy schedule. There is a high certainty that DNotes could be exhibiting at the Inside Bitcoin Conference to be held in Chicago on July 10 & 11, 2015. Please check it out and let me know if anyone is interested in visiting Chicago and help support our booth should we decide to participate. At a minimum, I believe that I will be invited to be a panel speaker.
1932  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 26, 2015, 02:07:22 PM
WOW i love the CRISP for employees. Now I am thinking of opening a marketing group on facebook and rewarding my referrals and other friends with incentives to work under me in various projects..Would I be able to set them up in DNOTES VAULT and reward these people with CRISP employee benefits? Or do i have to be a registered company first like an llc? Smiley I just had a lightbulb moment so wanted to know if it is possible.

Hi qiwoman2. DNotes will always remained very accommodating and love to see that our success benefits  the largest number of people. However, we are very sensitive to potential abuse, which unfortunately occurred a number of times with CRISP For Students.

I don't see a problem based on the way you described it. Within reasons, we will support organized groups as "companies" and their participants as "employees". Sometime organized groups turned into formal companies. DNotes is still quite weak in the social media space, especially Facebook. We are doing a lot more with Tweeter and I am very involved with LinkedIn. I will be very supportive of your Facebook efforts if you can come up with a sustainable plan.
1933  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 26, 2015, 01:13:39 AM

Bitcoin Alternative DNotes Launches World’s First Digital Currency Employee Incentive Benefits Plan
MAY 25, 2015  -  https://bitcoinmagazine.com/20608/bitcoin-alternative-dnotes-launches-worlds-first-digital-currency-employee-incentive-benefits-plan/


Congratulations Marc and DNotes team on the launch of another amazing CRISP program.  This will be a game changer that will allow small businesses and start-ups to compete for quality employees.  Great job!

The press release was the best yet!

Agreed. Excellent work. Since it was a long holiday weekend we limited our distribution to a small group. We should be getting fairly massive global coverage starting tomorrow.
1934  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 25, 2015, 10:15:17 PM
Wall Street is definitely waking up to the massive potential of digital currency and Blockchain technology. Bitcoin will continue to play an important role. It has the name recognition and the marketcap.

DNotes is getting a lot of attention too. My LinkedIn connection with Wall Street has been growing at a fast clip.

I will speaking as a participant of a panel about digital currencies at Silicon Dragon's NY event, June 22 evening, 5:00 p.m. to 9:30 p.m. at NASDAQ in New York. There will also be Venture Capital and other investors plus the Wall Street crowd. I have absolutely no doubt that DNotes is far better positioned as a long term investment across the board and the best candidate to gain mass acceptance.

     This is huge news!!! I was VERY excited, but not surprised to hear the news. Wall street is waking up to Digital Currency, and DNotes has been positioned for mass acceptance since day one. Our path to mass acceptance is very different than ALL other Digital Currencies. The world is beating a path to our door. Be ready.

      I would tag along with Alan, but muddy shoes and overalls does not quite fit the audience.

Smokey


This is indeed huge.  I know you will be able to represent DNotes in the best way possible to advance the currency.  The timing I believe is great as DNotes is one of the great leaders in understanding what digital currency needs in the very near future.  As the currency world changes we must be ahead of the game.  I know Alan will represent DNotes in the best light and they will understand he knows what he is talking about.  I think an educational experience for them is about to happen. Hold onto your boots.

Thanks for the vote of confidence and kind words. By nature, I am very focused, committed and passionate about a few things in life. It is often about doing things that could benefit others as much as myself. I have always believe that if I can become successful with many within my reach also become successful, that would be my preference. And that is my source of inspiration and the driver of my tenacity to learn more and work harder than anyone may think possible. That is the trademark of someone who is always committed to be the best in class.
1935  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 25, 2015, 09:56:22 PM
Wellcome back !!!!  hey someone was pumping DNotes prices in polo for sell up 6k maybe reading forum before the hack wanna make easy and fast bussiness.

Some news with employment CRISP ?

CRISP for Employee Incentive Benefits has launched! Press release will be issued today.

you take advantage posting  Grin

Hi infocortice2013. I don't mean to make fun of your "dangerous English" as you put it one time. DNotes has been significantly undervalued for months. It has traded above 6000 Satoshi at the end of February and the beginning of March. Our community and the DNotes team has added a lot of value to DNotes and our ecosystem system but the added value has not been reflected. Instead we observed that the price of DNotes declined significantly more than we have observed during other periods of price corrections. The recent uptrend back to 6000 Satoshi, in my opinion is just trying catch up with DNotes increasing fundamental values. It still has a lot of catching up to do yet.
1936  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 25, 2015, 09:31:59 PM

Wall Street is definitely waking up to the massive potential of digital currency and Blockchain technology. Bitcoin will continue to play an important role. It has the name recognition and the marketcap.

DNotes is getting a lot of attention too. My LinkedIn connection with Wall Street has been growing at a fast clip.

I will speaking as a participant of a panel about digital currencies at Silicon Dragon's NY event, June 22 evening, 5:00 p.m. to 9:30 p.m. at NASDAQ in New York. There will also be Venture Capital and other investors plus the Wall Street crowd. I have absolutely no doubt that DNotes is far better positioned as a long term investment across the board and the best candidate to gain mass acceptance.

Alan,

Will this event be broadcast anywhere? Cable? Net?

Bob

Perhaps not this time, but it will lead to a lot of great connections including certain news media, Wall Street, major investors, and Venture Capital firms. I always try to set our expectations low. It normally takes a lot of time and efforts to build A Class connections. Our experience with the larger exchanges in our industry is my source of guidance. I am absolutely certain that we are on the right tracks; sooner or later we will get to play on the world stage. It is better to be patience than to expect too much and be disappointed. Having said that. I must add that a lot of good things are happening significantly faster and in larger scale than I expected possible earlier this year. We will have a lot more accomplished by the end of this year and ready for rapid global expansion beginning 2016. That being the case, DNotes is significantly undervalued at 6000 Satoshi.
1937  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 22, 2015, 12:28:36 AM
Update in the New York BitLicense saga.

New York Soon to Unveil Fresh Bitcoin Licensing Rules

Before leaving office, regulator Benjamin Lawsky seeks to protect consumers while preserving freedom for developers

In one of his final moves as New York’s top financial regulator, Benjamin M. Lawsky will soon unveil a set of new licensing rules that could have long-lasting effects on businesses using bitcoin and other virtual currencies.

In doing so, bitcoin advocates fear Mr. Lawsky will cement his reputation for taking tough stands against the financial industry.

Mr. Lawsky, in an interview with The Wall Street Journal, said those fears are overblown and that his goal for the so-called BitLicense is to find the appropriate balance between protecting consumers and carving out enough freedom for developers to build new products with what he has called this “promising technology.”

Mr. Lawsky said on Wednesday that he will depart the New York Department of Financial Services in June to form a consulting business that will include virtual-currency advisory services.

The pending launch of the BitLicense comes amid a backdrop in which an increasing number of Wall Street institutions are exploring ways to adopt the blockchain ledger technology that runs bitcoin and other virtual currencies.

Some people in the nascent industry worry Mr. Lawsky’s rules, likely to be released next week, could hinder innovation among small tech start-ups with limited resources.

In the interview, which took place before Wednesday’s announcement of his resignation, Mr. Lawsky said the most-recent draft of the BitLicense already provided sufficient exemptions and protections for software developers.

There is nothing worse for a business person than not having clarity, so we intend to be as clear as possible,” Mr. Lawsky said. “If it’s not clear enough, we will give examples. And if it’s still not clear enough, we will give more examples.

Mr. Lawsky plans to stay at the agency until late June. An NYDFS spokesman said details of the license wouldn’t be affected by Mr. Lawsky’s departure.

Last month, leaders from some of the biggest bitcoin companies, investment firms and advocacy groups gathered in New York to hash out a list of concerns and draw the NYDFS’s attention to them.

Their concerns are amplified by expectations that this first-of-a-kind license will be a template for other states. Some state regulators are already applying existing money transmitter rules to virtual-currency businesses but many are expected to follow the lead of the country’s most important financial hub and set specific new rules for the sector.

Still, some industry leaders argue that New York risks “becoming the bitcoin backwater of the U.S.,” as MIT Digital Currency Initiative Director Brian Forde put it in a blog post that summed up the New York meeting’s recommendations.

In making such criticisms, bitcoin business leaders “are fighting for the rights of companies that do not yet exist,” said Fred Ehrsam, a co-founder of bitcoin exchange and consumer service provider Coinbase, who organized the New York meeting. He argues that the established bitcoin industry, including well-funded firms like his, benefits if startups are free to continue the sector’s hectic pace of innovation.

During the New York meeting, Mr. Ehrsam estimated it would cost Coinbase $2 million to fulfill all its licensing requirements around the country. In response, Fred Wilson, a partner at New York-based Union Partners, described such costs as a huge barrier to entry that encouraged venture-capital firms like his to concentrate on established players that were already well down that compliance path.

Bitcoin advocates were happy when a second BitLicense draft that was released in February rolled back stricter regulatory constraints contained in the first draft published in July. However, they continued to harbor specific concerns.

The bitcoin business leaders complained that the BitLicense’s anti-money-laundering provisions, as written in the February draft, could unfairly apply to all developers of so-called wallets, which are software applications that give people direct control over their bitcoins, whereas controls should only be imposed on those services with custody of customers’ bitcoins and dollars. The group also said the draft’s rule requiring NYDFS approval of updates to a provider’s software was impractical in an industry that makes product changes weekly.

Mr. Lawsky said such concerns were misplaced. “We make it crystal clear that we are not going to regulate software providers or software creators or people doing code. The MIT student has nothing to worry about,” he said. “We are only regulating financial intermediaries.

On software updates, he said, “We have no interest if they make an update to their code in having them every time get approval for that. It is about when you’re fundamentally changing what you are doing in a material way.

Mr. Lawsky also played down industry concerns that the rules would require some providers to apply for both a traditional money-transmission license and a new BitLicense. Describing this as a quirk of New York law, he said “you will be able to file just one application for both and you will be able to cross-satisfy so that even in those duplication cases you don’t have to do the paperwork twice.

He also vowed to work with other states so that prior NYDFS approval of shareholder structure changes and other reporting requirements could help expedite approvals in those jurisdictions. “We have done a lot of work and hopefully we will be able to have some influence” over other state regulators, Mr. Lawsky said.

The BitLicense comes as interest grows on Wall Street in new applications for virtual currencies’ blockchain ledger technology. In the past month, Goldman Sachs Group Inc. invested in bitcoin consumer services company Circle Internet Financial, Nasdaq OMX Group announced a test of a new securities transfer system that would exploit the bitcoin blockchain’s real-time settlement capability and the New York Stock Exchange launched a new bitcoin price index.

Source: http://www.wsj.com/articles/new-york-soon-to-unveil-fresh-bitcoin-licensing-rules-1432231438


The key words from Ben Lawsky are:

We are only regulating financial intermediaries.

If that holds true there is clarity.

The remaining problems are that 48 states require individual application, with a state specific license and every state has its own rules and fees as high as $5.000 per state. That is insane. Coinbase $2 million represents the money already spent with many state licenses pending, and a very high annual maintain cost thereafter. I am all for helping the small business owners and I clearly don’t see much of that.

We will be launching CRISP For Employee Benefits next week. We will do all we can to be of some help to small business owners and their employees.

1938  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 21, 2015, 07:05:28 PM
C.A.T. (CryptoCurrency Automatic Trader) - Now Accepts DNotes!
https://bitcointalk.org/index.php?topic=507103

mmm should be good a how to use guide Smiley i not have idea of how to use this, but like that one men say on polo, HEY i like to win money too when im out of my PC !!

Amazing mails Dyna  Wink hot linkedIn conections

Thanks, infovotice2013. Thanks for been a very strong supporter. I know that you have been trying very hard to support this community despite some limitations with your English. I got over that struggle and hardly have time to even edit my work any more. I just keep typing with three fingers like I am  talking to my best friends. Thanks again. Take care.
1939  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 21, 2015, 04:45:31 PM
Here is a sneak peek of my daily work load. I received over 50 non spam emails a day of which about 40% are requests for linkedIn connections. These include people of many disciplines, power and wealth. They are students, faculty members, business owners, CEOs of major corporations, authors, economists, investors, Venture Capital firms, reporters and editors (80% of mainstream media) and bankers among many more. This is clearly an indication of huge interest in DNotes and a very strong indication of DNotes future success. Many will continue to be skeptical of DNotes but that is an inherent human nature we can not change. Some will benefit from DNotes' success others will miss out and come back in the future to wonder how they could have missed something so obvious. I can only do so much to share with you some early signals, but its your money. I do not make investment call; not even for my own family.

Here is a sample of an email I just responded to: (only the name of the person has been removed for privacy reasons):

"Hi Alan,

I’d like to connect with you on LinkedIn".

Director at Deutsche Bank, Fixed Income Trading
Greater New York City Area
Capital Markets


Subject: DNotes

Hi  (    ),

I am delighted to accept your request to be included in my LinkedIn connections. Feel free to contact me if you have any questions or how I can be helpful to Deutsche Bank in gaining a better understanding of using DNotes as a significant competitive advantage.

I am deeply involved in digital currency with an aggressive growth path, in part, fueled by our own ecosystem. You may Google “DNotes Alan Yong” to learn more about my involvement.

Both DNotes and CryptoMoms were started over a year ago and have gained great respect and admiration from our industry. DNotes is the most stable digital currency among over 500 coins. CryptoMoms has a worthy mission to encourage and assist women to participate in the digital currency world dominated by men. DNotesVault is a secure and easy to use web wallet, with 100% deposit guarantee that is verifiable to be always in excess of the total amount on deposit, and stored in cold storage at different locations. Its family of CRISPs (Cryptocurrency Investment Savings Plan) is designed for everyone worldwide; from the unborn to the most senior, from the poor to the super rich
to participate with the opportunity to benefit from potential high returns, albeit high risk.

Our strategic plans and execution can best be characterized as highly scalable building blocks, positioned for rapid global adoption at the most opportune time. Compared to the rest of the industry, DNotes is uniquely different, both in substance and in style. It is built for mass acceptance, with every attempt to progressively make it as frictionless and user friendly as fiat currency, while exploiting many superior capabilities that only digital currency and the Blockchain technology can deliver.

As a start, the best thing you can do for us is to visit our forum, introduce yourself and let us know how we can be helpful. Together we can build a trustworthy global digital currency for everyone and not just the privileged few. Once accomplished we can then engage the top 2% and other international organizations to join force with us and help alleviate some of the global problems confronting our world today, including the 2.5 billion unbanked. DNotes Forum:  https://bitcointalk.org/index.php?topic=470155.msg11239121#msg11239121

CryptoMoms Forum: http://cryptomoms.com/forum/index.php?action=recent

Feel free to contact me if you have any questions or like to participate in our efforts to promote mass acceptance of digital currency. For your convenience I have provided some links below.

Best Regards,

Alan Yong

http://themanwiththecap.blogspot.com/2015/05/interview-alan-yong-of-dnotes.html
http://www.thestreet.com/story/13144131/1/smokeys-daylily-gardens-accepts-chicagos-digital-currency-dnotes-and-bitcoin-for-daylily-purchases.html
https://www.cryptocoinsnews.com/crypto-moms-year-crypto-gender-equality/
http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504161027PR_NEWS_USPRX____NY82016-1
http://research.tdwaterhouse.ca/research/public/Markets/NewsArticle/100-090p1384-1
http://finance.yahoo.com/news/digital-currency-student-debt-solutions-094800790.html
https://bitcointalk.org/index.php?topic=470155.msg10411355#msg10411355
http://cryptomoms.com/forum/index.php?action=recent
http://finance.yahoo.com/news/bitcoin-alternative-dnotes-celebrates-one-100000522.html
http://finance.yahoo.com/news/stable-bitcoin-alternative-dnotes-launches-022500001.html
https://bitcoinmagazine.com/18908/dnotes-cryptocurrency-savings-plans-children-first-many-unprecedented-digital-currency-savings-instruments-sponsored-dnotesvault/
https://coinreport.net/cryptomoms-increase-female-involvement/
http://articles.chicagotribune.com/1993-05-20/business/9305200013_1_pen-based-dauphin-technology-risc-system
1940  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - CRISP for Students launched! on: May 21, 2015, 03:27:15 PM
I don't see what DNotes brings to the table that Bitcoin doesn't.  I admit I have not read through the 200 pages of forum post here.  But I did read the first couple and all I saw was a bunch of marketing statements without any technical explanation.  For one, how do you plan on effecting price stability?  Why do you think that DNotes can deliver where the bitcoin core developers and community can't?  Why is Dnotes insta-mined and who were the initial miners?  How is CRISP going to help students pay for their fees? Did you convince a school to accept them as a money-substitute?




Good morning, digitsu. Welcome to DNotes Bitcointalk forum. I noticed that this is only the second time you participated in Bitcointalk forum. You have certainly started off at the right place. Despite my busy schedule I will try and answer some of your questions, in addition to other comments from our community, whom I am extremely proud of.  I am sure others will be delighted to assist you further. This is a very friendly and helpfully community and a source of my inspiration. We are also very knowledgeable of our industry and strongly committed to do everything we can for the mutual benefits of everyone, often time before ourselves.

From the way you structured your questions, I got the impression that you are most likely someone with a financial/accounting/business background.


1) I don't see what DNotes brings to the table that Bitcoin doesn't.  I admit I have not read through the 200 pages of forum post here.  But I did read the first couple and all I saw was a bunch of marketing statements without any technical explanation.

Very detail and complete answers are indeed found in our 285 pages of forum posts, in many cases, repeat over a few times. From the technology prospective we have added nothing of material significant to the currency or Blockchain side of the technology though there are some interesting added features. Creating a new currency using Bitcoin open source is easier and cheaper than inviting and cooking a decent meal for weekend party of fifty. It cost some money and takes an effort but any who wants to can do that. Being too easy turned out to be a painful and costly problem. Perhaps as many as two thousand coins have been created and about 500 are still being traded. Check out as many of them as you can. It is a required lesson if you want to be a serious investor.

Aren’t there other coins that have more technologies, features, and innovations than DNotes.

Absolutely. At this point, we are not competing for technology. We are competing for mindshare. We are creating a trust worthy stable digital currency for everyone not just for the nerds or limiting our exposure to our industry. And don’t forget to visit DNotesVault. The innovations and technologies of DNotesVault are quite remarkable and invaluable from a pure economics standpoint. If you ever get to the point of a complete understanding of all our moving parts you will gain a better understanding of DNotes true value. We are much more than Bitcoin as a currency and the Blockchain as a technology. And we are just getting started.  

For one, how do you plan on effecting price stability?

Here is my partial answer. Digital currency’s stability is immensely challenging if not near impossible to achieve, and without acceptable stability relatively to fiat currency, the near zero transaction cost is quite meaningless. No matter how we spin it, the true savings in using Bitcoin as a medium of exchange today is not persuasive and may explain why Bitcoin is having a hard time gaining mass acceptance. This is why until we are ready it is self defeating to push DNotes as a medium of exchange.

DNotes’ stability is the result of many different factors which I never have enough time or space to list. Here are just a few of them. Central to its success is; collectively a majority of DNotes stakeholders share a common mindset of a long term commitment to protect and promote DNotes, based on the belief that as a group our ultimate accomplishment will be significantly more valuable than any single individual can accomplish. DNotes has never experienced a single pump that could have drastically increased the price of DNotes to an unsustainable level. DNotes projects are privately funded by a small number of stakeholders and we do not ask for any donation from our community. This enables projects to be kept under the radar until it is ready for launch. The unknowns essentially have kept DNotes undervalued, allowing its community to continue to acquire DNotes for long term investment, without the fear of over paying for it. DNotesVault along with its family of CRISP with over 13 million DNotes on Deposit is another factor.

The next phase when fully implemented will provide even more stability. In the coming months, one or more companies will be incorporated to become the legal owners of DNotes ecosystem. This new company will be loaded with a basket of value including 10 million DNotes contributed by a few major stakeholders who purchased every single DNotes through the exchange. Up to 25% of the company will be owned by DNotes the currency. One of its first major projects is to develop a world class regulated exchange. It has a plan to raise significant funds through various rounds, including crowdfunding to support anticipated rapid growth path.

Why do you think that DNotes can deliver where the Bitcoin core developers and community can't?

Up to this point and over the near future Bitcoin core developers and the industry will deliver substantially more technologies and innovations than any single coin is capable of achieving, and being open source will be made available to everyone. At this point we owe the industry and we are very appreciative of their contribution. Once DNotes achieved a certain level of success, it is our plan to be a significant contributor to the open source. DNotes is very systematic and practical. Being very strategic and only executing at the most opportune time are among strengths. We follow at the appropriate time and lead at the most opportune time.

Why is Dnotes insta-mined and who were the initial miners?

One of our objectives was shared-stake concept based on the philosophy that DNotes was created for everyone and not just the privileged few. The recipient of DNotes may want to comment on this. We have made huge and repeated efforts to give away DNotes to as many people as possible. We still have a small amount left and being given away. Anyone, signing up for CRISP For Students will receive 500 DNotes without having to pay for it. I do not own a single DNotes that I did not pay for and have personally given away over 2 million DNotes that I have paid with my own money and I am just a hard working average wage earner living on limited income. That is among the main reason I am so passionate to make DNotes a big success so that many can gain some financial freedom.


How is CRISP going to help students pay for their fees? Did you convince a school to accept them as a money-substitute?

CRISP For Students is a newly launched project that is still in pilot stage. I have been in communication with hundreds of students and other faculty members around the world. There is a very strong interest being expressed. We are expecting a slow ramp up starting this fall. Our major campaign will begin early next with significant funding and support stuff.

CRISP For Student is not a total handout. It will be a bad training, if it is. I personally worked very hard for whatever little I have. The program is intended to give interested students a head start. Any student signing up for CRISP For Students at DNotesVault today will receive 500 DNotes without having to pay for it. This gives them the experience of owning digital currency hopefully leading them to develop a good savings habit and be more proactive in addressing their student loan debts before they come due. Since DNotes is still at its infancy, there is the potential of significant capital appreciation that can turn out to be of enormous help. We also have planed to use this program as a conduit to scholarship funds and other financial aids.

Wow. I didn’t realize that I just burnt up two hours answering a few simple questions, but they are very important. Hopefully the answers have been helpful. If you have additional questions, please ask the one or two at a time and our community should be able to assist you. I normally have very little time available to support the forum, though that is what I enjoy doing. Again welcome to our community and looking forward to seeing you often.
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