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Cointelegraph Interview:
I just completed a long interview with Cointelegraph. Keep an eye on it. It should be published in the next few days.
Early indications are that we are gaining some attention from the main stream media. I am gaining new connections to the mainstream media, venture capital firms and major investors every day. Those are all very good indicators that DNotes is doing something right.
DNotes price has been under pressure lately. I believe that it is a buying opportunity and not likely to last too much longer. Looking at our trend line our next uptrend will take us to around 7,000 Satoshi and settle at around 6,000 Satoshi. That is just one person's opinion and I have been wrong before. What I do know is that we have been adding a lot of fundamental values to our infrastructure and those values have yet to be reflected. Free market pricing is never perfect, but true value are always reflected over time.
For those who might have missed my post I will speaking on a panel about digital currencies at Silicon Dragon's NY event, June 22 evening, at NASDAQ. That is wall street audience along with Venture Capital people and other investors. We are taking DNotes to the next level.
Here is the intro of my unedited version of the Cointelegraph Interview:
Alan Yong Interviewed by Raunaq Vaisoha – CoinTelegraph
1) How did you get introduced to Bitcoin? What fascinated you about it?
I have always been fascinated by how computing power can be used to solve problems. In 1981 I founded Manufacturing and Maintenance Systems, Inc. (MMS) and developed a Rotating Equipment Alignment Computer System for the Tradesmen (REACT) using a pocket calculator with 8K memory from Tandy Corporation. We later developed our own propriety industrial computer. Using over $1 million from MMS I started Dauphin technology in 1989 and I quickly became a well regarded visionary in the early days of mobile computers.
Among our best known products was Dauphin DTR, a handheld computer that competed head on with the Apple Newton which has evolved to be the Apple Iphone as we know it today. I always have a keen interest to imagine how computing power could help alleviate some global problems if made available to billions of people worldwide.
In 2007 I started helping a struggling small business owner to diversify his seasonal heating business to include a second seasonal business to even out cash flow. That gave birth to Smokeys Daylily Gardens, one of the largest Daylily growers in the world today. Our web developer and internet guru, whom I have been working with closely for many years introduced me to Bitcoin in November 2013. When I finally decided to do some serious research, I could not stop thinking that we finally have all the needed parts to help alleviate some significant global problems that had not been possible before.
The concept of being able to move money or digital assets of value quickly anywhere in the world between two parties without the oversight central authority got my attention quickly. Wow. Unlike the bank you don’t need any personal data to perfect a transaction at near zero cost between two parties and you don’t even have to know each other. I became fascinated and became obsessed. I wanted to know everything about it and visited every single forum reading about the good, the bad and the ugly.
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The video on this article is pretty good. Regulation is stifling innovation. I didn't realize that the bitlicense was intended to be an additional license on top of all other licensing and reporting requirements, it is essentially another roadblock, and potentially an unnecessary one that simply duplicates rules and regulations already in place. We don't know what the next big innovation like facebook will be, but imagine if it cost 4 million dollars to start facebook? It wouldn't exist. Bitcoin's Regulatory Nightmare Is About to Get More Frighteninghttp://reason.com/reasontv/2015/05/20/bitlicense-benjamin-lawsky-bitcoinIs this not a conflict of interest?? Benjamin Lawsky just orchestrated a quagmire of legal regulations for the industry and now he is opening up a legal office to advise clients on matters relating to digital currency. He did say he has no intention in advising companies that the NYDFS regulates... but who knows? *************************** "Report: Lawsky to Consult on Digital Currencies After Leaving NYDFS"New York State Department of Financial Services (NYDFS) superintendent Benjamin M Lawsky is stepping down next month and is said to be planning to establish a legal consulting firm. While the news created a slew of headlines, some media outlets were able to uncover new details. For example, The New York Post indicated that Lawsky would seek to advise clients on matters involving bitcoin and digital currencies, citing anonymous sources. http://www.coindesk.com/lawsky-consult-digital-currency-nydfs/This should not be that surprising. I look at things from a different prospective. This is a confirmation that Bitcoin and other Digital Currency like DNotes are here to stay and should be taken seriously. Some government regulation is a good thing for our industry. My biggest problem is the unproductive duplicative requirements of 48 states requiring an individual license to conduct business in their state. That imposes undue burden on small start-up businesses that are important to job creation we so badly need. |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world.Any other ideas would be helpful. I think maybe the direction of the tagline might be something more like: Adding Value to Employee Incentive. For some reason, this one seems to be more challenging. Is this closer to the direction you want? Rewarding your (loyal?) employees with valuable incentives (or valuable benefits?) An economical way to reward employee loyalty with valuable incentives. Thanks again Chase. It is a more difficult one to nail down. I will do a little brainstorming session here: Employee Incentive That Works For You Grow Your Employee Incentives High Potential Employee Incentives Investing In Your Employees Future Employee Incentive Investment for the Future Incentive That Grows for your Employees Rewarding Employees By Investing in Their FutureLet me know if you like any of these or if they are heading in the right direction. - hands down my favourite. I was getting caught up in the concept of it being the only affordable way for many employers to provide their employees with benefits. However there is no catchy way to sloganize that and it doesn't necessarily come across in the best light. This one is great because it very clearly states it is for the benefit of the employees. Well done!   You have my vote. That is my favorite too, bad far. Great job. |
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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.
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Yeah they are following basic rules to keep in good way and expanding bussines with margin trading and lending lets see how it run Level 1 Verification Daily withdrawal limit $2,000 USD equivalent Para este nivel nombre, apellido y pais Level 2 Verification Daily withdrawal limit $7,000 USD equivalent Dirección y telefono Level 3 Verification Daily withdrawal limit $25,000 USD equivalent Fecha de nacimiento y pasaporte Foto y documento escaneada. Looks like some people throwing away dnotes to go out... im sad i not have btc to spent until end of the week The perspective Dnotes is taking with last annuncement is so good, Thanks DNotes Team for amazing effort to keep on the good way for all. Count with me for whatever in spanish . latin america region. Im buying a gridseed 5-6 mhash to pull up my mining effort, with zeus blizard 1.3 really not to much coins comming. lets see how it run in the hot spanish summer. Yes, I noticed some dumping of DNotes at Poloniex and just picked up another .5 BTC. Unlike before, I hardly even have time to check out the exchange on a regular basis. That is the free market at work. Some can recognize the opportunity. Others will just throw it away. |
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Please be sure to update you Profile at Poloniex by May 20, 2015. https://poloniex.com/profileI settled for Level One. They seem to have problems with the phone # format for level two. I had to enter a plus, then the country code followed by a space for my phone number, so it looked like this: +1 xxxxxxx It went through just fine once I had it just right. Where was it announced that we had to verify by May 20? I only verified because I wanted to lend funds to the margin traders. Thanks, wiser. I got an email as follows: Greetings from Poloniex! We're happy to announce that Margin Trading with Peer-to-Peer Lending is now available at Poloniex! You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest. In addition, we are requiring that all users provide us with their first name, last name, and country of origin by May 20th, 2015. This information is mandatory for all users and all withdrawals. Go to your Profile page to get started. The Poloniex Team |
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Thanks for explain a little more Chase and Dyna. Come to advertise than poloniex have asking surprising for an identity confirmation in 3 levels for withdrawals
everybody not have account verified after 20 may can not withdrawal any coin.
i cant imagi what are thinking monero whales ,,, anoncoin whale must show passport to withdrawal his coins.....
Please be sure to update you Profile at Poloniex by May 20, 2015. https://poloniex.com/profileI settled for Level One. They seem to have problems with the phone # format for level two. |
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Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.
Very happy to see, Marc. Do the best you can. I will help out at the final process. In fact, I will be fasting for a routine medical procedure that I am not looking forward to. I will be out of commission this Wednesday. |
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Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.
quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”
Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.
This is a good thing for the value of DNotes. In order for large investors to buy shares in a company, they need to know what they are investing in. Since they are being directed to this forum, a certain amount of the plan is going to have to be made public. This is a large amount of money coming into the DNotes ecosystem (future conglomerate) . This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works. This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed! This is what we were promised from the beginning and this is how it is done when it is done right. Thank you DNotes team! Chase, you are absolutely correct. I am now connected to over 20 Venture Capital firms and large investors. Some of them are already visiting this forum. I have been down that route before. Except I am a little older and may be a little wiser. But one thing for sure is that I have the best interest of our stakeholders in mind at all time. This can be a fairly long and demanding process. We are also establishing multiple fall back or options. |
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Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context. 1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTHRecently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.  Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/yeah and another important thing is how bitcoin will be distributed.... you can find charts that 2 anonimus gigant pools already have more than 51% of mining power, and really think small miners can do nothing against that in long term. Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done. quote I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.” Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes. Here is an earlier quote I made on May 16, 2017. It should give you a clue why DNotes has a very different philosophy others are not likely to copy. Read it carefully. "We do not sell any DNotes. I purchased every single DNotes I own through the different exchanges where DNotes are listed. This includes well over 2 million DNotes I purchased and given away. DNotes is the decentralized currency without the central authority or control of any entity or group of individuals. It is owned, at will, by all of its stakeholders. Being at will ownership means shakeholders of DNotes can change their DNotes ownership in whole or in parts without notice. The same rules apply to the community. The community can be abandoned without notice. This new ownership concept has its strengths and weaknesses. DNotes team has developed multi-layer strategies to compensate for the weaknesses while exploiting its strengths. DNotes team believes that one of Bitcoin's biggest challenges is because of the lack of an individual or a group of individuals who collectively have sufficient self interest to protect and promote Bitcoin, and stand by it. We are in totally support of the decentralized philosophy of the currency. What we believe to be of paramount importance is a group of individuals, with sufficient self interest, and or an entity along side of the currency with great leadership and commitment to protect and promote the best interest of the currency on behalf of all of DNotes stakeholders. Up to this point, that support group of individuals are the DNotes team along with its community and collectively they clearly have to the self interest to protect, promote and stand by DNotes the currency. We just disclosed a large part of our trade secret. However, making it happen is a totally different issue. I will let others comment on it. We will be adding an additional layer of support in the coming months. One or more companies will be incorporated to be the owners of our ecosystem, namely DNotesVault and CryptoMoms, and DNotes exchange and other properties in the future. This will be a for profit company or group of companies. DNotes the currency will own as much as 25% of this company. (The ownership structure of this company has not being finalized) By extension ownership, any stakeholder of DNotes will also owns a part of "The Company". This company will be used as the vehicle to raise working capital for our anticipated rapid expansion starting next year. One of our winning strategies is that " we are willing to do things others won't do, so that one day we can do things others can't do". Let us take it one step further. Newco is a private company and a part of DNotes ecosystem. It is founded and funded by the DNotes team. Its owners decided to give up to 25% of the company to DNotes the currency. In contrast, Coinbase is also a private company and a part of Bitcoin ecosystem. It is owned by the founding team and some investors. It can but has not given any ownership to Bitcoin, the currency. That is the norm, because they don’t have to. I hope you are beginning to see the significance of the DNotes' model. In addition, a few of our major stakeholders will be contributing 10 million DNotes to Newco. With a "basket of value" consisting of 10 million DNotes + CryptoMoms + DNotesVault + future projects (including a world class regulated exchange) = Newco, being used as the company to raise a substantial amount of working to support anticipated rapid growth. It is complicated, but I certainly hope that you are beginning to see a clearer picture. |
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Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise. Here are some thoughts I had as I was thinking about it. 1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post. 2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes. 3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it. 4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments. The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds. So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor. Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that? Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment. Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right? Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective. Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself. You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency. World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions. Wiser definitely provides great material! My curious thought of the day, would be that if all DNotes were to hypothetically own 25% of said company 'newco', and if I'm interpreting that correctly to mean every DNote in circulation becomes a (dividend bearing?) bond in the company, then DNotes will become very highly valued currency that doubles as an asset. This equity ownership would probably mean an increase in value to somebody's stake over time with respect to company performance. It is difficult with crypto's relatively fixed money supply to offer interest on savings without behaving like a bank does; loaning out significantly more than the physical reserves held. Crypto however, does not have the money creation mechanics that banks do. A loans principal debt must be paid back with added interest in units of DNotes. With a perfectly fixed money supply, there would be no room to pay the interest - so where would the incentive to save come from? There are ~36000 newly minted DNotes per day, so it is not impossible. The beauty of this equity/currency idea though, is that instead of offering interest bearing savings accounts the way banks do to encourage savings / investment, it sounds like DNotes could instead offer company dividends on every DNote held. This way no banking services, nor debt would be necessary to provide an incentive to hold DNotes. The concept creates an economic culture based on equity, rather than debt; consumer and business preferences change to owning equity, rather than having dangerous access to cheap credit. This cuts against the grain of incentives the current monetary system provides banks - debt is tax-deductible but equity is taxed at 30-40%. Credit expansions and artificial stock bubbles result that hurt many. This is an opportunity to rewrite the business rules without regulation, but by offering incentives that people respond to. I doubt it escaped anybody's notice the increased incentive to hold DNotes as a dividend bearing share, and as a reliably appreciating currency would add buying pressure at the exchanges. Currently, Digital currencies are mostly speculative assets - that hope to have a stable, transactional value in the future. This plan would make shareholders out of everyday money users; today if you own US dollars, it is just paper, backed by nothing. DNotes ownership would reflect shares in a company, and in a brand; DNotes would be an invest-able asset backed currency. One thing to consider would be macro-effect on consumer preferences, and willingness to use dividend bearing currency as payment - if you spend your DNotes, you miss out on potential future dividends. I doubt this effect would be too strong though - people still spend their savings that would have otherwise earned interest at the bank. Another option would be preferential DNotes that must be 'invested' to earn interest bearing status, but that begins to get complicated, and no longer supports the entire eco-system. I imagine a scheme like this would be very popular in Middle Eastern / Muslim demographics - who don't believe in banking interest. Banking money is debt, but DNotes are equity assets that yield dividends... Truly works for everybody. From what I just read, I'd say it's a genius concept overall, and would probably work really well if an indebted government adopted it as a proxy to economic recovery. Smart contracts and the like will make for very exciting possibilities, I can imagine some applications, but I've already written a lot. With limited time, let me just give you a very brief response on a few key points. Among others, I am responding to a Cointelgraph interview today. A previously published interview will appear on Bitcoin Magazine either today or tomorrow. It could also be picked up by other news outlets. We will have a press release on "CRISP For Employee Incentive Benefits" next week. I now have connections with more than 70% of mainstream media; Fortune, Wall Street Journal, New York Times, Forbes, Wired, Tech Crunch, CNBC, and many more. "Newco" = New Company or currently un-named company. DNotes, the currency, will own up to 25% of Newco represented by certain number of shares. The 25% of ownership will be diluted as additional funds are raised. This is just how it works with companies than needs new funding to expand, but the ownership value should continue to grow. So it is not a majority ownership, but a very substantial ownership. This is a substantial real world value backing DNotes the currency. With that the currency will have the backing of a legal entity and a solid group of individuals, including mitigation risks. This may sound simple and exciting, but it is an extremely difficult to replicate and executive. By strategic choice, Newco’s focus is not on dividend but capital appreciation. It will very quickly be recognized as long term investment with very healthy growth rate. Since the currency would have significant benefits deriving from Newco increasing value, the currency value should also continue to appreciate. Therefore, DNotes long term stakeholders will share the success for Newco propionate to their ownership of DNotes. I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.” Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes. |
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Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise. Here are some thoughts I had as I was thinking about it. 1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post. 2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes. 3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it. 4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments. The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds. So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor. Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that? Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment. Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right? Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective. Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself. You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency. World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions. |
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Great discussion has been going on in our forum the last few days. I have been reading every word of it and wish I have time to participate. Keep up the good work.
The elevator pitch assignment is still out waiting for inputs and participation.
Here is another assignment: We need a general purpose slogan that can best characterizes DNotes.
Here are the first two to get you started:
"DNotes is more than just a currency. It is a currency with a purpose for all of humanity working together for the mutual benefits of everyone, regardless of their social or financial standing".
"DNotes is more than just a currency. It is a global digital currency with purposeful solutions benefiting ALL mankind; rich or poor".
For your reference our branding DNotes slogan is: "DNotes is the Digital Currency of The Future With Lasting Value". Of course, it is built with trust and integrity.
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got it just figured that out finally.. thanks for the help
No problem at all. The message is correctly stated, but also alarming, when it is not up to date. Yes and what confused me was that it used to have the green sliding bar for the block count. It wasn't till I accidentally left the mouse on the warning that i saw the block count catching up. Anyway that's great! Because I have way to many coins on there to lose. Thanks again! By the way I could not believe I was able to convince my boss to buy 40 bucks worth of Dnotes. It took almost a year of convincing and updating. That's the third person I've had come join us. The funny thing is I think there will be a day everyone around me is kicking themselves. Keep up the good work! You guys ROCK! Daniel Great job, mrbum805. In most cases, it is a lot easier to get someone to donate 40 bucks for "whatever" than to convince someone to invest 40 bucks in DNotes that could yield very high returns one day. What is even more amazing is that, most people believe what they learned from the news media than others who may be significantly more knowledgeable on the subject. I am beginning to think that the most effective way to convince others not to miss this great opportunity ( and I mean it very sincerely) is to simply persuade them to visit our forum. "(Have you heard of Bitcoin? (Yes/No ...) Bitcoin as a technology will change the world more than the Internet has. Like any new technology, as a currency it has its share of problems. DNotes is a second generation Bitcoin. I believe that it is very well positioned and posed for huge potential price appreciation. You may not want to miss out on this one. I strongly recommend that you visit their forum and read some of the news reports. Just Google "DNotes Alan Yong")" Yes I am doing that with my boss's uncle. I'm showing him the forum. He invests a lot in fuel but doesn't have much interest changing it up. My boss even asked him why he hasn't bought any Dnotes. He responded I only like investing in fuel (Even through the drop in fuel. I lost 3-4x in one of his preferred stocks till it goes back up. Dnotes is up 2.5 to 3x to the USD, so with the drop of bitcoin, in the same course of time). I really believe however if Dnotes keeps this pace going their will be a lot more of those types of investors that will come join us. Oh by the way, I've hardly moved my investments around this last year. I was invested about 10 percent of my portfolio in Dnotes and a near year later its looking more like 35-40 percent of my portfolio without including new coins I just bought. I can't wait to see that see that percent number in a few more years. It is exciting! Thanks, mrbum805. DNotes is still at its infancy. Based on what we have accomplished over the last 4 months, DNotes is significantly undervalued at this time. But, for all practical purposes, it is the collective opinion of investors that dictate what DNotes value is; purely a function of supply and demand. Personally, I believe that DNotes is posed for a significant uptrend. What could be very different this time around is that many high net worth investors only learned about DNotes recently. Once some of them start acquiring DNotes, small investors would have missed the best opportunity to invest. |
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got it just figured that out finally.. thanks for the help
No problem at all. The message is correctly stated, but also alarming, when it is not up to date. Yes and what confused me was that it used to have the green sliding bar for the block count. It wasn't till I accidentally left the mouse on the warning that i saw the block count catching up. Anyway that's great! Because I have way to many coins on there to lose. Thanks again! By the way I could not believe I was able to convince my boss to buy 40 bucks worth of Dnotes. It took almost a year of convincing and updating. That's the third person I've had come join us. The funny thing is I think there will be a day everyone around me is kicking themselves. Keep up the good work! You guys ROCK! Daniel Great job, mrbum805. In most cases, it is a lot easier to get someone to donate 40 bucks for "whatever" than to convince someone to invest 40 bucks in DNotes that could yield very high returns one day. What is even more amazing is that, most people believe what they learned from the news media than others who may be significantly more knowledgeable on the subject. I am beginning to think that the most effective way to convince others not to miss this great opportunity ( and I mean it very sincerely) is to simply persuade them to visit our forum. "(Have you heard of Bitcoin? (Yes/No ...) Bitcoin as a technology will change the world more than the Internet has. Like any new technology, as a currency it has its share of problems. DNotes is a second generation Bitcoin. I believe that it is very well positioned and posed for huge potential price appreciation. You may not want to miss out on this one. I strongly recommend that you visit their forum and read some of the news reports. Just Google "DNotes Alan Yong")" |
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This was worthy of a monetion, Bitcoin still hasn't been 'hacked' in 7 years due to the unique complexity of what it would take to hack it. 527 US Banks Have Failed Since Late 2008, but the Bitcoin Protocol ‘Still Hasn’t Been Hacked’The Federal Deposit Insurance Corporation (FDIC) reports that there have been 527 bank failures in the U.S since the invention of Bitcoin in late 2008. While billions of dollars have been lost due to bank failures and hackings, the Bitcoin protocol itself has never been hacked. http://cointelegraph.com/news/114265/527-us-banks-have-failed-since-late-2008-but-the-bitcoin-protocol-still-hasnt-been-hackedMaybe it's the banks that should come with the dire warning "Don't invest more than you can afford to lose in case of a total loss!" Maybe there will be a day all the banks find dnotes, will teach them with time! I wouldn't be surprised if there was a way for them to incorporate the blockchain technology into their system. The banks can participate today by buying DNotes like everyone else and use it as the medium of exchange or the agent of transfer of digital currency between two parties any where in the world at near zero cost. The reluctance is that they would prefer to create their own currency, not give up control or the leverage of fractional reserve. But it does not work that way. DNotes is positioned to be a bank one day and every DNotes the bank owns would have been purchased and not created out of thin air. I will be gone the rest of the day. |
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I think the content is of Dyna's elevator pitch is good, I agree with the tradeoff between knowledge of the industry, and succinct communication that provides sufficient interest to inquisitive future DNotes stakeholders.
Has anybody in this forum seen a Digital Currency Employee Benefits program online that pre-dates CRISP for Employee Benefits?
Did some searching just now and was unable to find anything like that.  My search yielded the same, I suppose it's another world first from DNotes. Found nothing as well. BTW, REALLY like this: "We are willing to do things others won't do, so that one day we can do things others can't do"It's so easy for him to come up with these gems! RJF: First off, very honored to have met you in person! It was also very nice to see Dyna and DNotes. Up until DNotes (the currency) was born, Dyna, DNotes (the person DNotes) and I worked side by side every day. I took that for granted. Now, I just talk to them on the phone daily. I am in Coldwater, MI at the farm, Dyna is in West Chicago, and DNotes (the person) is still in the great state of Indiana. So, it was kinda like a family reunion for us. "We are willing to do things others won't do, so that one day we can do things others can't do" The quote above is a thought that Dyna has pounded into my head since I have met him in the year 2000. Since we became joined at the hip in 2004 or so, that quote has been our "mantra", the very heart of the business(s). It is not unusual at all for us to work 100 hour weeks, sometimes for months on end. I was raised on a farm as a worker bee (I think Dad thought slavery still existed!). Dyna was doing adult's work at a very young age on the other side of the world from me. So, for us, work is just as normal as breathing itself. We also refuse to let any roadblocks keep us from our goal. In the five short years it took us to become one of the top dogs in the daylily world, we had lots of events that would have stopped most others from achieving the goal. We dealt with emergency heart surgery, deadly cancer, a failing economy, and several other significant events. Dyna was back at work two weeks after emergency heart surgery. I ran the Fireplace Company and the Daylily Farm from Mayo Clinic for a time. We let nothing stop us! Smokeys Gardens/DNotes/My Personal Mantra: "We are willing to do things others won't do, so that one day we can do things others can't do"Smokey Excellent post. We started with nothing but totally committed to change that so that we would have something, not just for oneself but for everyone else involved. It is not where we are at this point but where we are going from that matters. DNotes is trending to be a global force, not just for our current DNotes stakeholders but for many around the globe we can be a positive force. Together we can be the agent of change for a better world. |
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Wow, that's pretty packed! How much prior knowledge of cryptocurrencies are we assuming on the part of the *other* people in the proverbial elevator? Edit: I guess what I'm really asking is how are we going to anchor this by connecting it with what the recipient already knows? It doesn't have to be Bitcoin either. But whatever it is that the recipient knows that we're building on, then we have to connect DNotes to it in a way that makes sense--in 30 seconds Here is a good project for our community. Below is my rough draft of a 30 Second Elevator Pitch becoming a more common request as we engage more and more busy investors. Try and improve what I got started or come up with your own version. Please note that "online global market places" are future projects.
30 Second Elevator Pitch
DNotes is the most stable digital currency with reliable long term appreciation and a consistent trend line of establishing higher highs and higher lows since first traded in March 2014; from 200 satoshi to 4500 satoshi. DNotes = Trust. That is our brand. It has created a new culture of mutual cooperation, mass inclusion of everyone irrespective of financial standing, race or gender. It created and funded CryptoMoms to bridge the gender gap while making it a currency neutral site to engage industry peers’ participation. It created DNotesVault to provide a free secure cold storage for all DNotes stakeholders with easy of use and peace of mind, with 100% verifiable deposit guarantee. It created a family of cryptocurrency investment savings plans (CRISP) to promote and encourage early saving habits and long term investment. There is a plan for everyone; from the unborn to the most senior; from the poor to the super rich. It is positioned to provide viable solutions in cooperation with international charity organizations to help solve global problems. CRISP for Retirement targets small business owners while CRISP For Employees Incentive Benefits targets their employees. With multiple online global market places DNotes stakeholders and other merchants gain the maximum benefits of the low cost transaction using DNotes as a medium of exchange. That is our pathway to mass consumer and mass merchant adoption. Opps, I just used up my 30 seconds.
This is extremely challenging. I have personally reviewed hundreds of business plans but never came across any business that has the potential of such massive size and scope It is also multi-dimensional involving many segments that can be a massive business by itself. Take for example, the proposed DNotes regulated global exchange. For better clarity use Coinbase as an example. Coinbase is two year old Bitcoin exclusive exchange. Based on the last investment of $75 million for 10% of the company, it is valued at $750 million today. I do not believe that the shareholders want to sell Coinbase even if there is an offer of $1 billion or more. DNotes exchange will be designed to trade DNotes as well as Bitcoin, perhaps a couple other digital currency as well. It will also be linked to many other financial services with the backing of DNotesVault. This is just one business unit and there are many more, too early and speculative to discuss at this stage. DNotes is a long term momentum play. Once it gathered the momentum it is well positioned to take off rapidly and dominate. The target audience are investors who have a fair knowledge of Bitcoin but have been somewhat hesitant in betting large investment on Bitcoin because of its track record. So their mentality could ..... "So what is so different about DNotes compared to Bitcoin? Why should I consider DNotes seriously? You got 30 seconds. Go ahead and convince me" I was just given that challenge just two days ago. Good luck. So... just making sure I understand this correctly... the way to be a part of ALL of it is to buy some DNotes. I mean, DNotes *are* the shares, right? Would the convinced investors then be led to buy their DNotes on an exchange (first having to buy Bitcoin), or do some of them buy directly from you? I'll be giving this more thought over the weekend... We do not sell any DNotes. I purchased every single DNotes I own through the different exchanges where DNotes are listed. This includes well over 2 million DNotes I purchased and given away. DNotes is the decentralized currency without the central authority or control of any entity or group of individuals. It is owned, at will, by all of its stakeholders. Being at will ownership means shakeholders of DNotes can change their DNotes ownership in whole or in parts without notice. The same rules apply to the community. The community can be abandoned without notice. This new ownership concept has its strengths and weaknesses. DNotes team has developed multi-layer strategies to compensate for the weaknesses while exploiting its strengths. DNotes team believes that one of Bitcoin's biggest challenges is because of the lack of an individual or a group of individuals who collectively have sufficient self interest to protect and promote Bitcoin, and stand by it. We are in totally support of the decentralized philosophy of the currency. What we believe to be of paramount importance is a group of individuals, with sufficient self interest, and or an entity along side of the currency with great leadership and commitment to protect and promote the best interest of the currency on behalf of all of DNotes stakeholders. Up to this point, that support group of individuals are the DNotes team along with its community and collectively they clearly have to the self interest to protect, promote and stand by DNotes the currency. We just disclosed a large part of our trade secret. However, making it happen is a totally different issue. I will let others comment on it. We will be adding an additional layer of support in the coming months. One or more companies will be incorporated to be the owners of our ecosystem, namely DNotesVault and CryptoMoms, and DNotes exchange and other properties in the future. This will be a for profit company or group of companies. DNotes the currency will own as much as 25% of this company. (The ownership structure of this company has not being finalized) By extension ownership, any stakeholder of DNotes will also owns a part of "The Company". This company will be used as the vehicle to raise working capital for our anticipated rapid expansion starting next year. One of our winning strategies is that "we are willing to do things others won't do, so that one day we can do things others can't do". |
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Wow, that's pretty packed! How much prior knowledge of cryptocurrencies are we assuming on the part of the *other* people in the proverbial elevator? Edit: I guess what I'm really asking is how are we going to anchor this by connecting it with what the recipient already knows? It doesn't have to be Bitcoin either. But whatever it is that the recipient knows that we're building on, then we have to connect DNotes to it in a way that makes sense--in 30 seconds Here is a good project for our community. Below is my rough draft of a 30 Second Elevator Pitch becoming a more common request as we engage more and more busy investors. Try and improve what I got started or come up with your own version. Please note that "online global market places" are future projects.
30 Second Elevator Pitch
DNotes is the most stable digital currency with reliable long term appreciation and a consistent trend line of establishing higher highs and higher lows since first traded in March 2014; from 200 satoshi to 4500 satoshi. DNotes = Trust. That is our brand. It has created a new culture of mutual cooperation, mass inclusion of everyone irrespective of financial standing, race or gender. It created and funded CryptoMoms to bridge the gender gap while making it a currency neutral site to engage industry peers’ participation. It created DNotesVault to provide a free secure cold storage for all DNotes stakeholders with easy of use and peace of mind, with 100% verifiable deposit guarantee. It created a family of cryptocurrency investment savings plans (CRISP) to promote and encourage early saving habits and long term investment. There is a plan for everyone; from the unborn to the most senior; from the poor to the super rich. It is positioned to provide viable solutions in cooperation with international charity organizations to help solve global problems. CRISP for Retirement targets small business owners while CRISP For Employees Incentive Benefits targets their employees. With multiple online global market places DNotes stakeholders and other merchants gain the maximum benefits of the low cost transaction using DNotes as a medium of exchange. That is our pathway to mass consumer and mass merchant adoption. Opps, I just used up my 30 seconds.
This is extremely challenging. I have personally reviewed hundreds of business plans but never came across any business that has the potential of such massive size and scope It is also multi-dimensional involving many segments that can be a massive business by itself. Take for example, the proposed DNotes regulated global exchange. For better clarity use Coinbase as an example. Coinbase is two year old Bitcoin exclusive exchange. Based on the last investment of $75 million for 10% of the company, it is valued at $750 million today. I do not believe that the shareholders want to sell Coinbase even if there is an offer of $1 billion or more. DNotes exchange will be designed to trade DNotes as well as Bitcoin, perhaps a couple other digital currency as well. It will also be linked to many other financial services with the backing of DNotesVault. This is just one business unit and there are many more, too early and speculative to discuss at this stage. DNotes is a long term momentum play. Once it gathered the momentum it is well positioned to take off rapidly and dominate. The target audience are investors who have a fair knowledge of Bitcoin but have been somewhat hesitant in betting large investment on Bitcoin because of its track record. So their mentality could ..... "So what is so different about DNotes compared to Bitcoin? Why should I consider DNotes seriously? You got 30 seconds. Go ahead and convince me" I was just given that challenge just two days ago. Good luck. |
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Here is a good project for our community. Below is my rough draft of a 30 Second Elevator Pitch becoming a more common request as we engage more and more busy investors. Try and improve what I got started or come up with your own version. Please note that "online global market places" are future projects.
30 Second Elevator Pitch
DNotes is the most stable digital currency with reliable long term appreciation and a consistent trend line of establishing higher highs and higher lows since first traded in March 2014; from 200 satoshi to 4500 satoshi. DNotes = Trust. That is our brand. It has created a new culture of mutual cooperation, mass inclusion of everyone irrespective of financial standing, race or gender. It created and funded CryptoMoms to bridge the gender gap while making it a currency neutral site to engage industry peers’ participation. It created DNotesVault to provide a free secure cold storage for all DNotes stakeholders with easy of use and peace of mind, with 100% verifiable deposit guarantee. It created a family of cryptocurrency investment savings plans (CRISP) to promote and encourage early saving habits and long term investment. There is a plan for everyone; from the unborn to the most senior; from the poor to the super rich. It is positioned to provide viable solutions in cooperation with international charity organizations to help solve global problems. CRISP for Retirement targets small business owners while CRISP For Employees Incentive Benefits targets their employees. With multiple online global market places DNotes stakeholders and other merchants gain the maximum benefits of the low cost transaction using DNotes as a medium of exchange. That is our pathway to mass consumer and mass merchant adoption. Opps, I just used up my 30 seconds.
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