Excellent post, TeeGee.
"DYNA is doing a great job repeating a very consistent message for old and new stakeholders alike; a global digital currency is necessary, and DNotes is that currency."
This is not just our theme. This is our core mission and a generational commitment.
I am still actively drafting and refining DCFBrief - Purpose and mission. Here is a sneak peek:
There are clearly massive economic inequalities on a worldwide scale. The opportunity to facilitate global collaboration to assist the unbanked as a means to help alleviate poverty, as well as to encourage women business empowerment and more are now within our reach. The technologies are already at our disposal …………………..
Most people may not realize that we are witnessing the greatest technology revolution in the history of mankind as a result of the creation of Bitcoin and the Blockchain in 2009. Imagine our world with a digital currency accepted by everyone worldwide. This immensely innovative decentralized distributed consensus technology enables one Internet user to pay US$1, or any amount, to another Internet user anywhere worldwide as conveniently as one would pull out a dollar bill to pay for a can of soda at a local convenient store. The value of the $1 or that 1 DNotes is exactly the same any where globally. Imagine the limitless possibilities …………………..
Very excited to get this site going. There is huge potential for the amount of people we can meaningfully reach. Holding strong on Cryptsy at 45815. |
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I totaly agree with you. as for DNOTES, that was exactly what pull me into this amazing journey: the social attitude which reflected from the lines of Allan, at the first time I read him. I think that this attitude is the deep identity of digital currencies in general, and DNOTES see this better than others. that is why DNOTES progress is more significant, and I guess that is why DNOTES win being 1st on CRYPTSY vote as well. as a matter of fact, I would be happy if DNOTES would take additional social significant step on the future, for example a community step toward AFRICA and the huge poverty AFRICA experienced on the old national currency system. thanks for this conversation The hesitation of the majority to deal with digital currency is totaly understandable. this is the normal behavior of the majority. in any revolution, the pioneers come first, while the majority is hesitating, and only after a breakthrough - a great mass of people join the new trip. but their step is only the last step, it is never the first one. these people wouldn't invent any change in our life. if the world would be depended on their leadership, there is no doubt that smartphones, internet, social pages, digital coins ect', wouldn't ever happend in reality - if these majority would have the chance to lead the world. now, a real change is when the difference between the old and the new is sharp and clear - as almost a picture. I don't think that any of pioneers would bother themselves to invent something that is only improving the old item. and even if they would, the improvement of such thing would never reach so deep surprise as the appearance of bitcoin has recieved. only something that is shine because it's so innovative and so different in thought from the old ---can get so many exclamations. the insight behind the DC is that money is nothing, there isn't any real value in money apart of the social consensus and consent to give it value. this sentence can raise many fears among the majority because it can break their life. but once they accept this, they will be prepared to accept the digital currency, with it's new rules and institutions Hello Kanus, My view regarding the relations between the national currencies and the digital currencies is not as yours. I think that the digital currencies -and sure the first one-the bitcoin - deliverd with no central bank, no interest, no additional printing, no culture, no borders and so on. this way of delivery expresses clearly an opposition or alternative - at least in mind - to the old national currencies. sure that this is only expression of mind, because the new money can't replace the old one yet: the 2 main currencies have together 110 million coins which is less than USA spend (guess) for annually office supplies. my view is that when the time comes to arrange the field of digital currencies in institutional means (my offer for this aim was the creation of EGE - global monetary DG association) - than the mind expression will be shown as a reality to be placed along the coming decades Here are some more dcebrief concepts, there is some overlap with previous ideas.
Digital currency is not anti-government, nor is it anarchist by nature. In fact, by design it is very well aligned with the principles of the United States founding fathers and I would venture to say the majority of the today's world population. "The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations." - Quoted from the 28 Fundamental Principles of the Founding Fathers
Digital currency has a predetermined issuance rate that is easy to understand and 100% transparent. Unlike issuance of fiat currency, the process is often convoluted and highly manipulated, and you practically need a degree in economics to tie everything together and truly understand what is going on (smoke and shadows).
As we progress as a civilization, our economic future should be getting better, but it is getting worse. I won't say digital currency is the answer to everything, but it can level the playing field a bit.
Expanding on the idea of what digital currency is backed by from my point of view... Digital currency is backed by computational power, electricity, and time (through a predetermined issuance rate using a regulatory algorithm).
Hi Mati, i respect the challenge. Governments job is to govern, regulate, protect, create laws and enforce them. Government issued, or arguably government regulated, currency came about out of necessity, because money issuance couldn't regulate itself. Now it can, making it only necessary for government to find ways to protect people against other people instead of controlling money. In that view, you can be pro digital currency and also pro government and regulation. I think some people's hesitation towards digital currency is that it makes you anti-government or anarchist, and I was trying to address that by demonstrating you don't have to be anti-government to be pro digital currency. Government protecting its nations economy is another story. Does it need to in a world where digital currency is globally accepted and fiat is not needed? If so, how would that be accomplished? The process of change involving an individual, group, state, nation, or the world for this matter takes time. There is always “hesitation of the majority” at the early stage, as you correctly pointed out. Mati. In the case of Digital Currency, it started with the creator, Satoshi Nakamoto in 2009 with the support of a few close to him who found his concept of distributed consensus ledger to create e-cash interesting and of some value. We are still at the early adoption stage. DNotes is committed to help shape the currency side of this amazing technology revolution we believe will provide viable solutions in confronting various global challenges we are facing today. There is massive economic inequality on a worldwide scale. A truly trusted global digital with mass acceptance is the best tool available and will go a long way in providing better social economic inclusion and opportunities for all. DCEBrief will help bring forth clarify on issues that matter Thank you Mati, glad to have you. As we strengthen, we may be able to work with organizations like the HIPC to address issues facing countries in economic distress. There are some interesting concepts being put forward here. I think that advertising the opportunities digital currency brings to business and government, and stating how complementary it can be to the powers that be would be the best strategy. I've never thought of digital currency as something that anarchists would like, it is just a decentralized model in which nobody has any power over any other player (true equality), which anarchists (the free-market types) have a natural propensity to be drawn to. At this stage, everybody is beginning to see the advantages of digital currency beyond reducing government / banking influence over our money (which should be non-negotiable - we don't need economic hitmen any longer). I don't know what the future of 'government' will look like, despite how much I enjoy philosophising about it, but at the end of the day that conversation will not move DNotes forward. Only promoting the strengths and opportunities that a global digital currency presents for people who partake in all lines of work will benefit DNotes' cause. Over the next while, it will be our job to get DNotes reputation and appeal to that 'tipping point' when everybody decides they wish to begin using this new global currency of the future. DYNA is doing a great job repeating a very consistent message for old and new stakeholders alike; a global digital currency is necessary, and DNotes is that currency. I also like what Kanus said about digital currency being 100% transparent, and unlike fiat, doesn't require fancy (rubbish) economics degrees to follow and understand (which they still don't). Essentially, we should be painting and creating digital currency as 'easy to understand money', that renders a lot of modern economics obsolete - allowing a new testable environment, and theories of stability to emerge. And Mati, I think a global currency will do A LOT to help people living in impoverished countries, especially if CRISP for Charity is set up in an investment manner that earns a return until 1 DNote is enough to buy something of value in those countries. Hypothetically, I'm thinking that when the price of DNotes is low (like right now), everybody throws whatever they feel comfortable into a CRISP for Charity. DNotes then partners up with a mobile carrier to organize and run a "turn in your old smartphone for digital currency credit against your phone bill" or something (I mean, this is years away, and hypothetical). The phones are then distributed, loaded with wallets and 1 DNote. By this time, DNotes will be worth many times what it is now, and so depending on how much this rise is, the new default transaction volume will be either: (1 DNote = 1 DNote) 1 CNote = 0.01 DNote (Centi-Note) 1 MNote = 0.001 DNote (MilliNote) 1 μNote = 0.000001 Dnotes (MicroNote) So while what is today 1 DNote will be put into their wallet, and that 1 DNote will buy perhaps a singular sweet at a convenience store, within 5 years, that 1 DNote will be broken up into say, Milli-Notes, and each Milli-Note will make it possible for African citizens to purchase and trade for items like bread. The value of this currency would be set world-wide, so regardless of African nations' local economic struggles, debt problems etc, their citizens will still have this currency to trade with one another - the fact that they can sell it at an exchange for their local currency gives it tradable value. It may not be entirely necessary to wait until DNotes are worth lots to send them over to African communities however, all that is required is the hope that the DNotes stay in African communities for the long term while the they rise in value. It would be like African communities experience 'deflation' for the first time in their lives. If they began trading DNotes with one another today for loaves of bread, in 5 years time, they may need to only trade a fraction of that DNote for the same loaf of bread in the future. The vague hypothetical would require much more work and thought than that, but that is sort of how I best see a global currency serving African communities in the immediate / shorter term. I'll post to any replies in a couple days, few deadlines coming up. Thank you TeeGee for another excellent post. Agreed on all points, but the concept that digital currency is an "easy to understand money" resonates with me. It sounds like a great topic for the DCEBrief. The issue of it being easier to deal with whole numbers, rather than fractions, has crossed my mind frequently. Your post reminded me of that. People do seem to be adapting to bitcoin having a high value and dealing with fractions of a bitcoin, as in dealing in satoshi's rather than whole bitcoins. What does everyone think? Is dealing in fractions/satoshi something people will acclimate to fairly easily? Or do we need to look for alternate solutions? |
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Interesting find on coindesk. Another quote contender for DCEBrief as well: "As the industry continues to innovate, it’s important that regulators strike the right balance between encouraging responsible innovation and managing risk. Virtual currency, like bitcoin provides a good example." Thomas Curry - Chief Officer OCC More about the Office of the Comptroller of the Currency: http://www.occ.gov/about/what-we-do/mission/index-about.htmlUS Bank Regulator Calls for Balanced Bitcoin OversightThe head of the Office of the Comptroller of the Currency (OCC) has called for a balanced approach to regulation governing financial technology development in the United States, citing bitcoin as one such example. Months after calling digital currencies "potentially revolutionary", OCC Comptroller Thomas Curry highlighted bitcoin during a recent speech as he called for regulators to avoid crafting overly burdensome rules that could stifle otherwise productive work on financial technology. He stated: "As the industry continues to innovate, it’s important that regulators strike the right balance between encouraging responsible innovation and managing risk. Virtual currency, like bitcoin provides a good example." Curry said the agency has put together a working group that will "develop a framework to evaluate new and innovative financial products and services". "We have a team with representatives from across the agency – policy experts, examiners, lawyers, and others – considering this question," he said. "We’re still early in the process, so I can’t tell you exactly where we’ll end up." Curry added one result could be the creation of an office dedicated to financial innovation. Moving away from the banking sector Notably, Curry acknowledged during his speech that financial technology is largely being developed outside regulated entities like banks. http://www.coindesk.com/us-bank-regulator-calls-for-balanced-bitcoin-oversight/ |
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I totaly agree with you. as for DNOTES, that was exactly what pull me into this amazing journey: the social attitude which reflected from the lines of Allan, at the first time I read him. I think that this attitude is the deep identity of digital currencies in general, and DNOTES see this better than others. that is why DNOTES progress is more significant, and I guess that is why DNOTES win being 1st on CRYPTSY vote as well. as a matter of fact, I would be happy if DNOTES would take additional social significant step on the future, for example a community step toward AFRICA and the huge poverty AFRICA experienced on the old national currency system. thanks for this conversation The hesitation of the majority to deal with digital currency is totaly understandable. this is the normal behavior of the majority. in any revolution, the pioneers come first, while the majority is hesitating, and only after a breakthrough - a great mass of people join the new trip. but their step is only the last step, it is never the first one. these people wouldn't invent any change in our life. if the world would be depended on their leadership, there is no doubt that smartphones, internet, social pages, digital coins ect', wouldn't ever happend in reality - if these majority would have the chance to lead the world. now, a real change is when the difference between the old and the new is sharp and clear - as almost a picture. I don't think that any of pioneers would bother themselves to invent something that is only improving the old item. and even if they would, the improvement of such thing would never reach so deep surprise as the appearance of bitcoin has recieved. only something that is shine because it's so innovative and so different in thought from the old ---can get so many exclamations. the insight behind the DC is that money is nothing, there isn't any real value in money apart of the social consensus and consent to give it value. this sentence can raise many fears among the majority because it can break their life. but once they accept this, they will be prepared to accept the digital currency, with it's new rules and institutions Hello Kanus, My view regarding the relations between the national currencies and the digital currencies is not as yours. I think that the digital currencies -and sure the first one-the bitcoin - deliverd with no central bank, no interest, no additional printing, no culture, no borders and so on. this way of delivery expresses clearly an opposition or alternative - at least in mind - to the old national currencies. sure that this is only expression of mind, because the new money can't replace the old one yet: the 2 main currencies have together 110 million coins which is less than USA spend (guess) for annually office supplies. my view is that when the time comes to arrange the field of digital currencies in institutional means (my offer for this aim was the creation of EGE - global monetary DG association) - than the mind expression will be shown as a reality to be placed along the coming decades Here are some more dcebrief concepts, there is some overlap with previous ideas.
Digital currency is not anti-government, nor is it anarchist by nature. In fact, by design it is very well aligned with the principles of the United States founding fathers and I would venture to say the majority of the today's world population. "The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations." - Quoted from the 28 Fundamental Principles of the Founding Fathers
Digital currency has a predetermined issuance rate that is easy to understand and 100% transparent. Unlike issuance of fiat currency, the process is often convoluted and highly manipulated, and you practically need a degree in economics to tie everything together and truly understand what is going on (smoke and shadows).
As we progress as a civilization, our economic future should be getting better, but it is getting worse. I won't say digital currency is the answer to everything, but it can level the playing field a bit.
Expanding on the idea of what digital currency is backed by from my point of view... Digital currency is backed by computational power, electricity, and time (through a predetermined issuance rate using a regulatory algorithm).
Hi Mati, i respect the challenge. Governments job is to govern, regulate, protect, create laws and enforce them. Government issued, or arguably government regulated, currency came about out of necessity, because money issuance couldn't regulate itself. Now it can, making it only necessary for government to find ways to protect people against other people instead of controlling money. In that view, you can be pro digital currency and also pro government and regulation. I think some people's hesitation towards digital currency is that it makes you anti-government or anarchist, and I was trying to address that by demonstrating you don't have to be anti-government to be pro digital currency. Government protecting its nations economy is another story. Does it need to in a world where digital currency is globally accepted and fiat is not needed? If so, how would that be accomplished? The process of change involving an individual, group, state, nation, or the world for this matter takes time. There is always “hesitation of the majority” at the early stage, as you correctly pointed out. Mati. In the case of Digital Currency, it started with the creator, Satoshi Nakamoto in 2009 with the support of a few close to him who found his concept of distributed consensus ledger to create e-cash interesting and of some value. We are still at the early adoption stage. DNotes is committed to help shape the currency side of this amazing technology revolution we believe will provide viable solutions in confronting various global challenges we are facing today. There is massive economic inequality on a worldwide scale. A truly trusted global digital with mass acceptance is the best tool available and will go a long way in providing better social economic inclusion and opportunities for all. DCEBrief will help bring forth clarify on issues that matter Thank you Mati, glad to have you. As we strengthen, we may be able to work with organizations like the HIPC to address issues facing countries in economic distress. |
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Still holding the top position at Cryptsy at 45336 votes. Thank you to all that contributed! Be prepared to defend our position in the future in the event we need to.
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Looks like Kraken and Bitfinex are out of the New York exchange scene as well. Bitcoin Exchanges Kraken and Bitfinex Cut Services in New YorkKraken and Bitfinex, two of the largest bitcoin exchanges by investment funding and daily trading volume, have indicated they will not be applying for licenses to operate in New York. The development is the latest in the ongoing debate over the BitLicense, New York's state-specific regulation for bitcoin businesses, which continues to be a lightning rod for criticism from both within the bitcoin community and more widely among mainstream technology advocacy groups. State regulators had previously set 8th August as the submission deadline for business already serving consumers in the third-largest US state by population. So far, more well-capitalized exchanges including New York-based Gemini and itBit as well as Bitstamp have applied for a BitLicense. Smaller businesses including merchant processor GoCoin and altcoin exchange Poloniex, however, recently revelead they would not continue efforts to reach customers in the state. Based in San Francisco, Kraken and its executives have long had a contentious relationship with US regulators, withdrawing services from the domestic market in early 2014 and stopping all US dollar services until October. US dollar trading is still not available for US residents. Source: http://www.coindesk.com/bitcoin-exchanges-kraken-and-bitstamp-cut-services-in-new-york/ |
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Hello Kanus, My view regarding the relations between the national currencies and the digital currencies is not as yours. I think that the digital currencies -and sure the first one-the bitcoin - deliverd with no central bank, no interest, no additional printing, no culture, no borders and so on. this way of delivery expresses clearly an opposition or alternative - at least in mind - to the old national currencies. sure that this is only expression of mind, because the new money can't replace the old one yet: the 2 main currencies have together 110 million coins which is less than USA spend (guess) for annually office supplies. my view is that when the time comes to arrange the field of digital currencies in institutional means (my offer for this aim was the creation of EGE - global monetary DG association) - than the mind expression will be shown as a reality to be placed along the coming decades Here are some more dcebrief concepts, there is some overlap with previous ideas.
Digital currency is not anti-government, nor is it anarchist by nature. In fact, by design it is very well aligned with the principles of the United States founding fathers and I would venture to say the majority of the today's world population. "The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations." - Quoted from the 28 Fundamental Principles of the Founding Fathers
Digital currency has a predetermined issuance rate that is easy to understand and 100% transparent. Unlike issuance of fiat currency, the process is often convoluted and highly manipulated, and you practically need a degree in economics to tie everything together and truly understand what is going on (smoke and shadows).
As we progress as a civilization, our economic future should be getting better, but it is getting worse. I won't say digital currency is the answer to everything, but it can level the playing field a bit.
Expanding on the idea of what digital currency is backed by from my point of view... Digital currency is backed by computational power, electricity, and time (through a predetermined issuance rate using a regulatory algorithm).
Hi Mati, i respect the challenge. Governments job is to govern, regulate, protect, create laws and enforce them. Government issued, or arguably government regulated, currency came about out of necessity, because money issuance couldn't regulate itself. Now it can, making it only necessary for government to find ways to protect people against other people instead of controlling money. In that view, you can be pro digital currency and also pro government and regulation. I think some people's hesitation towards digital currency is that it makes you anti-government or anarchist, and I was trying to address that by demonstrating you don't have to be anti-government to be pro digital currency. Government protecting its nations economy is another story. Does it need to in a world where digital currency is globally accepted and fiat is not needed? If so, how would that be accomplished? Good conversation, it will help flush out ideas. |
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Interesting article here. TigerDirect, which some of you may not know, I know it very well as the place to look for computer equipment, in fact I used to live a few minutes from their warehouse/store location. Anyway, they have had success with accepting bitcoin, stating that it has drawn in new customers placing larger orders. We see a lot of information stating that using bitcoin to actually make purchases has been low. However, at this still early stage of adoption, people who are likely to have adopted bitcoin are investors and the young tech/programming world. So it makes a lot of sense that a company well regarded in the Tech field is having a positive experience, and a good indicator for the future. 18 Months after Adopting Bitcoin, TigerDirect Reports Fantastic Experience and Continued GrowthTigerDirect, an online retailer of computers and consumer electronics has been accepting bitcoin for 18 months through BitPay, beginning in January of 2014. Bitcoin Magazine sat down with Steven Leeds, head of marketing at TigerDirect to learn more about the company’s experience as one of the earliest major merchants to embrace Bitcoin. While recent reports from Expedia suggest that it has seen a decrease in bitcoin payments, TigerDirect shared a different story. According to Leeds, TigerDirect has been thrilled with its decision to accept bitcoin. Leeds noted that Bitcoin has drawn new users to TigerDirect, with 46 percent of customers purchasing with bitcoin being new users. The company also told Bitcoin Magazine that the average order placed with bitcoin is 30 percent larger than the average order. Leeds explained that TigerDirect sees the highest volume of bitcoin orders during periods of volatility for bitcoin price. These purchases are typically luxury items such as high-definition TVs, gaming consoles and computer monitors. “On days when the price is rising, we see users eager to spend some of their newfound wealth. And when the price begins falling, we see others who want to avoid the volatility by spending it on consumer electronics,” said Leeds. Despite the fall of the bitcoin price into the $200s, TigerDirect has still seen consistent bitcoin transaction volume. Advantages for Bitcoin Companies In addition to it’s consumer electronics business, TigerDirect also supplies hardware to many businesses, including a significant number of Bitcoin companies. Some of these companies include miners who use TigerDirect to buy power supplies, cooling systems and other hardware. These miners do not have to convert their bitcoin to cash, as they can pay directly with the bitcoin that they have mined. TigerDirect was originally introduced to Bitcoin by some of it’s employees who were early adopters and miners of the currency. “We’d recommend Bitcoin to any company considering it,” Leeds said. “We’ve had a fantastic experience accepting it, and BitPay allows us to integrate the payments into our existing checkout flow easily.” Source: https://bitcoinmagazine.com/21516/18-months-adopting-bitcoin-tigerdirect-reports-fantastic-experience-continued-growth/ |
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Here are some more dcebrief concepts, there is some overlap with previous ideas.
Digital currency is not anti-government, nor is it anarchist by nature. In fact, by design it is very well aligned with the principles of the United States founding fathers and I would venture to say the majority of the today's world population. "The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations." - Quoted from the 28 Fundamental Principles of the Founding Fathers
Digital currency has a predetermined issuance rate that is easy to understand and 100% transparent. Unlike issuance of fiat currency, the process is often convoluted and highly manipulated, and you practically need a degree in economics to tie everything together and truly understand what is going on (smoke and shadows).
As we progress as a civilization, our economic future should be getting better, but it is getting worse. I won't say digital currency is the answer to everything, but it can level the playing field a bit.
Expanding on the idea of what digital currency is backed by from my point of view... Digital currency is backed by computational power, electricity, and time (through a predetermined issuance rate using a regulatory algorithm).
Thank you kanus! By the way, if anyone has any ideas for DCEBrief at any time, please feel free to post them in the forum. |
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I think the author did a great job on this! DNotes Bitcoin App – Cryptocurrency GuideDNotes has launched its new mobile application that offers educational resources and instructions related to digital currency. Bitcoin, when first introduced, it was termed as the currency of the future. Six years down the line, the digital currency is gradually being adopted worldwide which makes us believe that the future is almost upon us. However, there are few things that are hindering extensive adoption of bitcoin throughout. Lack of education about bitcoin and other digital currencies tops that list of challenges. Not everyone knows about digital currencies. While some people have no idea what bitcoin is, there are others who are full of misinformation which was fed to them by the mainstream media. Mainstream media nowadays so used to selective coverage that people only get to hear about the negative aspects of bitcoin or events were bitcoin and other digital currencies were misused. In order to overcome these issues, it is very important to educate everyone about digital currencies, how it works, advantages and disadvantages as well. The best way to offer access these educational content is through mobile phones. After all, the days of feature phones is gone and everyone now uses a smartphone, which they always carry on them and use them to consume loads of information every minute. These days, we have many educational application available on Google and iOS app stores. There are specific mobile applications for learning different programming languages, similarly Coursera and other teaching platforms also create and publish different applications for different courses. It is high time we had few really good applications that provide educational resources related to bitcoin and other cryptocurrencies. One such app was recently launched by DNotes. DNotes Educational Guide is currently available on Google Play store for Android mobile devices. The application is created by DNotes, which is a new decentralized cryptocurrency. Even though it has many links related to DNotes, the main essence of this application is cryptocurrency in general. The application tries to address the misconceptions related to digital currencies by offering some trivia about cryptocurrencies while comparing it with fiat currency and events related to conventional assets. The DNotes Educational Guide also provides detailed instructions for using DNotes vault and mining. http://www.newsbtc.com/2015/08/08/dnotes-bitcoin-app-cryptocurrency-guide/Excellent! That is a great write up. Kudos to Gautham (the author) and everyone who contributed to the educational app. |
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Thank you. I understand why I didn't find it on search: because the name DNOTES isn't seperated from the adjective COIN. maybe it would be better to seperate them Question: Why DNOTES doesn't have page on Facebook? I think this is needed for reaching many people which wouldn't be interested in DC unless if DC come to their arena DNOTES 14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ 36531
Still making progress on Cryptsy votes and gaining on the #1 position. Keep it up guys! Don't forget to send in your request to add DNotes if you haven't done so in the last month.
Hi Mati, I'm not a social media expert, we have one. https://www.facebook.com/pages/Dnotescoin/777105165651768Ahh, that makes sense. I'll take a look and see if I can. |
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Question: Why DNOTES doesn't have page on Facebook? I think this is needed for reaching many people which wouldn't be interested in DC unless if DC come to their arena DNOTES 14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ 36531
Still making progress on Cryptsy votes and gaining on the #1 position. Keep it up guys! Don't forget to send in your request to add DNotes if you haven't done so in the last month.
Hi Mati, I'm not a social media expert, we have one. https://www.facebook.com/pages/Dnotescoin/777105165651768 |
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DNOTES 14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ 36531
Still making progress on Cryptsy votes and gaining on the #1 position. Keep it up guys! Don't forget to send in your request to add DNotes if you haven't done so in the last month.
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Essentially making digital currency no different than any other money. Australian inquiry says digital currencies are real moneyAn Australian government inquiry will recommend treating digital currencies as money, simplifying tax for people who trade with them while forcing bitcoin exchanges to monitor customers for potential money laundering and terrorism financing activities. The Senate committee recommendations, included in a report to be tabled in parliament next week and obtained in advance by Reuters, underscore governments' growing acceptance of the role of so-called "cryptocurrencies" around the world. If implemented, the changes would align Australia with the United Kingdom and Spain by having people pay sales tax just once if they buy something with bitcoin, while leaving other nations like Sweden to fret over its true legal status. [...] http://www.reuters.com/article/2015/08/05/us-australia-bitcoin-idUSKCN0QA0TS20150805?feedType=RSS&feedName=technologyNews |
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Cryptsy votes up to 34355 at the time of this post, DNotes remains in position #2 with the top position at 42545. As Alan mentioned we may not need to compete with the top position, but it could only help our case if we make it to #1.
Also, as a reminder, tomorrow is the deadline for New York's bitlicense. For New York residents, be sure to check your exchange's balance and if they are licensed. Poloniex will no longer be serving New York residents.
Yesterday met with Horus from Cryptsy in chatroom, ask support to add DNotes and fast explain how serius proyect is, he say the are starting to add coins again and problably soon have surpraise  Just not forgot voting DNotes in cryptsy for free https://www.cryptsy.com If you can afford to contribute .01 BTC ($3) send it to: 14AGjtup6T6k4kB1bmbMUVmePNUXEYuqmQ for 50 votes Thanks Infovortice! That is great news. Appreciate you reaching out to Cryptsy, the whole community will benefit. Agreed, Cryptsy points are still more votes for your money if you have an account. |
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inspiring. the way that you and the team of DNOTES find and show the path inspires me. I love systematic way of thinking, which is describe very well the individuals in this team On a normal day I received 50 DNotes related emails from around the world. With few exceptions, I response to every single one; most of them are just copy and paste, of course, but some are more personalized. I do not like auto response. Reading every single email is demanding but it gives me a very good feel of how DNotes and our related projects are being received.
Perhaps over 10% of my replies are individually responded to, including some from high level executives and others that relate to our long term plan. The following email is an example of that and worth sharing: For privacy the name has been changed.
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Hello Alan,
I hope you are trying to enjoy your summer and keeping cool. I just downloaded your Dnotes Education guide real great and user friendly. One thing that sparked my attention is the retirement plan that you added. Could the same concept of Insurance be added to it?
I mean it is a thought considering Fintech insurance is trying to get out.
Let me know what you think.
Jane
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Hello Jane,
Very good to hear from you. I am doing well and have always enjoyed the summer since I love gardening. Hope you are doing well too.
DNotes is much more than another digital currency. We are always very proactive in identifying industry problems and challenges and provide solutions where we can. Educating consumers globally is one of them; hence the DNotes Educational Guide you just downloaded. We will be launching DCEbrief later this month. There is a serious knowledge vacuum in our industry, even among high level executives who are currently participants in our industry. DCEBrief focuses on providing "Executive Summary" on issues that matter, with full length articles. All indications are that it will be very well received.
I am glad that you had a chance to visit DNotesVault and took notice of CRISP For Retirement. All of our CRISP programs are still in pilot phase positioned for full scale roll-out at the most opportune time. The biggest holdback is regulatory constraint which otherwise would allow anyone worldwide to acquire DNotes with their local currency and instantly send the DNotes to their CRISP account at DNotesVault. However, I am confident that such convenience will become a reality in a number of countries in the near future. Imagine shopping in Spain at a "participating" convenient store and be able to tell the checkout person, " Make it $100 euros and send the change to my DNotes savings" One tap on your smart phone to bring up a selection of DNotes addresses and tap on the one you wanted the change to be sent to. Done.
"One thing that sparked my attention is the retirement plan that you added. Could the same concept of Insurance be added to it?"
And finally to answer your question. The answer is 'yes' if you can wait. Within 3 to 5 years DNotes ecosystem will include a registered and licensed exchange, banks, partner banks among others offering a full suite of financial services. Pilot on CRISP for Insurance could start as early as next year. Initial test will offer a whole life policy with a "Term Rider" and a universal life policy with different flavors.
In the mean time, CRISP For Employee Incentive Benefits is actually designed to engage Insurance Agencies and Insurance Sales Persons early so that they get to know DNotes and become DNotes stakeholders. For those who are not familiar with insurance sales, it is helpful to know that this industry spends billions on cash incentive often payout daily or weekly to reward producers who are typically dependent on 100% commission.
I hope this answered your question.
All my best to you,
Alan
Thank you for your support Mati! We are looking at digital currency from all angles, in the short and long term, to find a path to make DNotes a globally accepted currency. |
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Cryptsy votes up to 34355 at the time of this post, DNotes remains in position #2 with the top position at 42545. As Alan mentioned we may not need to compete with the top position, but it could only help our case if we make it to #1.
Also, as a reminder, tomorrow is the deadline for New York's bitlicense. For New York residents, be sure to check your exchange's balance and if they are licensed. Poloniex will no longer be serving New York residents.
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This was a bit of a shock to me. Not sure how to take it. Tokyo Court: Bitcoin Not Subject to OwnershipTokyo's District Court has ruled that bitcoin is "not subject to ownership", with a judge informing a plaintiff he could not claim for bitcoins lost in the Mt Gox collapse. Judge Masumi Kurachi stated that, due to their intangible nature and reliance on third parties, bitcoins cannot be covered under existing law. Kurachi's comments, reported by The Japan Times, came during a lawsuit bought against bankrupt bitcoin exchange Mt Gox by an unnamed Kyoto resident. Representing himself in court, the plaintiff had demanded repayment of 458 bitcoins, today worth $128,144, that were held in his account when the exchange shuttered last year. It is unclear what impact this ruling will have on other Mt Gox claimants, as thousands of creditors undergo a lengthy process to divide up the exchange's remaining assets, last valued at $11.5m. They've been told by Payward CEO Jesse Powell, who is assisting the claims process, to expect only a fraction of their original funds back. [...] http://www.coindesk.com/tokyo-court-bitcoin-not-subject-to-ownership-2/ |
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