I trust you are right.  We follow our plan very diligently and take our time to do the right things and do them well. We will take our time in building a solid foundation to ensure that the value of DNotes can be supported by strong fundamentals. We believe in reaching out to our industry peers to work together with us on issues that matter for the mutual benefits of the crypto currency world. Above all, we will step up our efforts to assist and encourage more women to join our industry. Thanks for your support.

Thanks for your support and confidence in DNotes.  DNotes will be a lot harder to come by in a couple of weeks. We will be making an announcement with further details this weekend followed by a press release early next week.

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I may be exaggerating a little, but it seems like there is a new POS coin being launched every hour.  I have never looked at them from any other perspective other than as an investment.  I figured as long as you chose only a few very carefully, and didn't assume that every POS was a good coin, they seemed like a good choice.  Can you explain why they pose such a higher level of risk.
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Not being the technical expert myself, let me just put it this way. We have seriously considered the option of switching from our current Proof of Work (POW) to Proof Of Stake (POS) and concluded that the risk of something going wrong was too high to be acceptable. Without mentioning names, this is already proven the case. I am glad we decided against it.

MinningHabit, good to have your participation on a subject that has been quite troubling to us. We are concerned about Scrpyt ASIC minning rigs expected to flood the market in a matter of months. DNotes has always looked out to support the common men and, of course, now that we have Cryptomoms, the commom women as well. Frankly, there are no perfect solutions in our fast moving and challenging industry. Being loaded with so many dramas it's difficult to keep up with them when one also has a day job. We are also being challenged by the noticable switch from POW to POS, despite the potential of injecting a significantly higher risk profile most people may not care to understand. On top of all these, the increasing number of multiple pools being formed to keep their royal miners engaged and productive by mining other currencies and instantly dumping them to feed the demand curve of the currency they support is another huge challenge. We are making a strategic move to protect our long term stake holders and will be making an announcement soon. Stay tunned.

Thanks, Italian Technology. 

You are exactly correct. It is troubling, especially to see people of power and wealth, including influential politicians, condemning the technology, not based on merits, but a lack of basis understanding.

Thank you, Italian Technology. Supporting female stake holders is not just a smart business move. It is a critical prerequisite for digital currency to become main stream. Women world wide control more than 50% of consumer buying power. This segment can not and should not be ignored. In phrase two of our campaign, we will be much more visible and reach out to our industry peers to join force with us in addressing issues that matter the most in our industry.  There are many issues that preventing the industry to be more successful and women’s participation is only one of them. We need many more people like you who understand what matters and ask very objective and constructive questions. If there are specific projects you believe can be helpful, please let us know. We will do our best to support you. If you have not already done so, please join the forum at: http://cryptomoms.com/forum/index.php

In the mean time I will have our discussions posted in their forum. You are gifted in asking probing questions that matter. Many of the participants are new to the crypto currency world. I trust you can be of great help.

Quote: (from Italian Technology) “Still I believe that if the coin will not be used to pay for goods and services it will never be seen as a possible alternative to fiat currencies. I understand that this is very complicated, especially finding businesses that are interested in accepting crypto currencies as a form of payment being the market so unstable at the moment.”

This may be best answered with a quote from one of my earlier posts:
(Shepherd at Cryptomoms, April 20, 2014)

“In order to be the digital currency of the future, that currency must meet the three most important criteria.

First, it must be traded on all major exchanges and recognized by most analysts as a value currency with long term appreciation. There must be strong fundamentals to support its value and growth projections.  Typically, the long term trend reflects a higher high and a higher low.

Second as a store of value. At a minimum, its value or purchasing power must be able to keep up with the rate of inflation. As an example, if it costs 300 DNotes or US$2.99 to purchase a gallon of milk today and the price of milk went up to US$3.99 next year, the same 300 DNotes must be able to purchase that gallon of milk. That being case, this is a reliable currency, in regards to store of value. Now, if it only cost 250 Notes, it means that DNotes was either under valued a year ago or that it has high appreciation value.

Three, being a medium of exchange for goods and services in conducting global commerce.  Until there is a digital currency that can meet this demanding criteria, it is my humble opinion that digital currency will not become main stream in global commerce. On the other hand, if one or more crypto currencies meet this demanding standard, the total global transactional value will be in the trillions of dollars. Unfortunately, our industry has failed to meet this requirement miserably. Whether you consider it individually or as a group, the value of crypto currencies today is chaotic and unreliable. At a more appropriate time DNotes will attempt to sign up merchant accounts to use DNotes for the purchase of their goods and services. However, until DNotes is sufficiently established and accepted as a trustworthy, stable, and reliable currency with appreciating value, do not expect an all out campaign  from DNotes to sign up merchant accounts. In other words, it is not yet ready for "Prime Time."

In brief, we are in agreement with you.  However, we also feel very strongly that until there is a more favorable environment backed by a currency that can meet the minimum requirements and expectations of merchants any campaign to set up merchant accounts will not result in much success. Although, some of the currency risk can be minimized through sophisticated currency hedging programs, the added cost burden out weights the low transaction cost of digital currency compared to the cost of using credit cards and other forms of payment.
DNotes is currently listed on Allcoin, Polonex, Comkart, and C-Cex Exchange. It is also listed on CryptoRush Exchange which we understand will be back on line soon.

Those are excellent questions. DNotes could very well be one of the most generous crypto currencies in terms of giveaways. We absolutely believe in the shared stake concept and that our giveaway programs have made it possible for many to own crypto currency for the first time. Based on our registration data, our giveaways through Cryptomoms is indicating that 25% of our giveaways have gone to female stake holders. This of major significance, since Cryptomoms core mission is to assist and encourage women's participation in the crypto currency world overwhelming dominated by men by a ratio of 19:1,  or 95% (male) to 5% (female). This troubling gender imbalance has been voiced by women’s advocates and discussed in different Bitcoin forums; but until now a highly focused and dedicated effort to change the playing field has been lacking. This deserves our industry united efforts to drastically turn it around. In order for crypto currency to become main stream, this is one of the critical challenges that must be overcome.  

DNotes is fundamentally different in substance and style. We are totally committed to building a solid foundation right from the start, deliberately maintaining a low profile to avoid rapid increase in the price of DNotes that is not yet supported by fundamental values. Stability in the value of the currency is one of the key targets our business model seeks to achieve. Instinctively, we all love rapid price appreciation and we certainly understand the mechanics of the law of supply and demand.  However, if demand is artificially generated constantly to induce rapid price appreciation, stability in the currency is not achievable. We all love rapid price appreciation, but for long term stake holders, sustainable price appreciation within a reasonable range is the most valuable selection criteria to consider. Until there is a digital currency sufficiently stable, wide spread adoption by merchants is highly unlikely.

DNotes mission is to be the digital currency of the future with lasting value. This is a huge challenge consisting of many strategic moves. We are about to complete our phase one formative stage and will be issuing a press release soon to provide further guidance of our vision and roadmap going forward, which will include reaching out to our industry peers in the pursuit of worthy projects of mutual benefits to the digital currency space. I hope this is helpful, for you and others to begin to understand why DNotes has elected to take a different path, one that is materially more difficulty, costly, and time consuming. Understanding the macro prospective and doing the right things are the best contributions we can offer to our industry currently in a state on much confusion and mistrust. Our rather openly public support for AsiaCoin in time of needs is an indicator of what we are prepared to do to help unity our industry.

micryon, I am honored to be invited to join your foundation team. Unfortunately, I may not have the time to be an active member. I believe it is of critical importance to AsiaCoin at this time to have a team that can focus and deliver on a list of high priority projects and tasks in a timely manner. Accept the fact that your team will have to live through a “testing of integrity” period which often demands a higher standard. Don’t over commit and get involved in more projects than your team and the community can deliver. 
Work with your foundation and the community to come up with a philosophy for AsiaCoin which will become the guiding principles of AsiaCoin’s culture over time. What do you want AsiaCoin to be known for and what is your mission statement?

These are just a few important points you may want to consider. I trust that you already have a lot of very capable people to serve as members of the foundation team. Do feel free to contact me any time if I could be of help. AsiaCoin will have my continued support. Stay the course and continue to do the right things. The inherent human greed and fear will be intensely tested over the near term with wide trading range. Long term investors should value this as a unique opportunity to be part of history, resulting in significant appreciation over time.

Ac2, thanks for your kind words. To avoid conflict of interest, let’s just focus on Cryptomoms. Cryptomoms is developed and fully funded by the DNotes team as a high priority project with mutual benefits for the entire crypto currency industry. Its core mission is to encourage and assist women to participate in the emerging world of crypto currency overwhelmingly dominated by men by a ratio of 19:1.

Cryptymoms.com is a currency neutral site and has a very active forum with helpful contents added frequently. Everyone is welcome. I strongly urge AsiaCoin community members to use this as an additional platform to promote the amazing revival of your favorite currency. I have already started a thread titled “Saving AsiaCoin”.

http://finance.yahoo.com/news/bringing-cryptocurrency-women-worldwide-cryptomoms-011500357.html



Bringing Cryptocurrency To Women Worldwide Cryptomoms Launches 3 Million DNotes Giveaway
  
April 16, 2014 9:15 PM
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The official launch of Cryptomoms.com will begin with a huge give away of up to 3 million DNotes. Cryptomoms.com's mission is to address the huge gender imbalance seen in the world of cryptocurrencies today.
April 16th, 2014 / The fact that the emerging world of cryptocurrency is overwhelmingly dominated by men has never been in dispute. As of April 2014, surveys show that currently the male to female ratio is 19:1, or 95% (male) to 5% (female). This troubling gender imbalance has been voiced by women’s advocates and discussed in different Bitcoin forums; but until now a highly focused and dedicated effort to change the playing field has been lacking.
Developed and fully funded by the same team who created DNotes, Cryptomoms.com officially launched today in the Mid-West, USA; aiming to bridge the gender gap as clearly articulated in their mission statement:
“Cryptomoms.com is a digital community center with a dedicated mission to encourage and assist women to participate in the emerging world of crypto currency overwhelmingly dominated by men. We begin by creating a culture of mutual respect for women with genuine efforts to help them acquire the basic knowledge about digital currency along with many earning opportunities. We will relentlessly pursue to accomplish our mission through multiple campaigns and outreach projects and invite the participation of our industry peers and advocates to join force with us. We will set very specific quantifiable goals and sponsor creditable surveys to measure our achievement against those goals. For the common good of our industry we are committed to make a difference.”
The Cryptomoms forum is already buzzing with great enthusiasm and excitement. In a matter of days one can feel that a new culture is born. There is a great a sense of a family atmosphere, where everyone is genuinely excited to welcome new members, helping, teaching and inspiring each other.
While both men and women are welcome, there is a sense that there is some kind of super “girl power” taking charge that could change the male dominated world of cryptocurrency forever.
The official launch of Cryptomoms.com will begin with a huge give away of up to 3 million DNotes. Participants who register and participate in the forum will be sent 250 DNotes to their wallet address. In anticipation that many will be new to the digital currency world Cryptomoms supporters will be on stand by to help. The site is already fully loaded with instructions and tutorial videos. For beginners, it is also recommended that they simply open an account with an exchange where DNotes is currently listed which includes Allcoin and Poloniex.
A spokesman from DNotes commented that for digital currency to become truly mainstream the huge gender imbalance must be corrected, as women control more than 50% of consumer purchasing power. He elaborated that DNotes is positioned as a serious digital currency, with a strong commitment to generating trust and support for its stake holders. In a never ending journey to build asset value for their stake holders: Cryptomoms.com is the first of many ambitious web properties planned by the Dnotes team.
To learn more about Dnotes please go to: http://dnotescoin.com/
Visit http://cryptomoms.com/ for more information.
Contact Info
Name: Alan Yong

At this point, it is only posted here and at Cryptomoms: http://cryptomoms.com/forum/cryptomoms-com/5/saving-asiacoin-your-support-will-be-appreciated/205/

DNotes is having a full press release on May 20, 2014. I do intent to make mention of AsiaCoin. No guarantee, but there is a possibility that I could attract some media attention because of my past background. (Google "Alan Yong Dauphin Technology). At one point I was in the news multiple times per week over a number of years.  If I get any media interview, I will do my best to shade favorable light on AsiaCoin. Any one interested to publish my post will have my unconditional permission to do so in whole or in parts.

Thanks, you certainly have the right ideas. However, don't raise your hopes too high. I am still working really hard to be the come back kid. LOL.

Micryon, I am glad you like my write up. I tried to stay on the side line so as not to steal your show.  You guys are the best. But it’s like watching our first responders trying to save lives and being shot at. At that point, it is pretty hard for me to hold back.

Regarding the e-commerce merchant potential, I am a partner of Smokeysdaylilygardens.com, one of the largest daylily growers in the world. DNotes is holding back in pursuing any merchant accounts until we are well established with a solid foundation and relatively stable currency level. However, if your team feels that it is worth getting AC a foot in the door, I will be delighted to make a presentation to my business partner.

This may sound strange coming from an industry competitor and a very small stake holder of AC. AsiaCoin has the best potential of being the leading crypto currency with the strongest technical and community support behind it. I am jealous that DNotes may have to accept a second place. Do the right and the value will take care of itself.

The fact is that crypto currencies across the board today are only serving one of three functions. They are all being used for speculative trading. None is ready for prime time as a good candidate as a medium of exchange or store of value.

If I were the Dean of the Business School at Northern Illinois University in Illinois, USA, where I received my MBA, I would commission someone to write “Saving AsiaCoin” as a case study for the Business School. Who knows, may be Harvard Business School will one day. Well, if we have an “Association of Crypto Currency” it would not be unreasonable to make it a mandatory reading requirement for all of its members. This is not just another scandal that has caused much damage to a chaotic crypto currency industry still at its formative stage, but an event of historic significance on the power of a community united to achieve a common goal.  It is a case of excellent leadership and team work well executed to inspire a large community of people with many different skill sets to achieve a common goal with the best case outcome. It is among the best damage control and crises management I have ever witnessed.

On the public relation front, I am somewhat concerned, but feel totally confident that there are many great reporters among the mainstream media, who have won many awards for their tenacity to deliver the truth with objectivity and depth. I trust that they will take notice of this opportunity and do just that. However, I am deeply troubled by the premature subjective bad press and unwarranted opinion of some senior members that it is better to let AsiaCoin die and replace it with a new one. What an idea, for $200 I could have convinced my neighbor’s kids along their friends to launch a new coin in 48 hours. Based on the amount of time and resources this large group of AsiaCoin revival team has invested, they could have launched 100 new coins. The odds are very high, that two of the 100 would be among the top 20 in market cap and they could walk away with millions.

People who know me well label me as “An old dog who can still hunt.” This reminds me of an old saying I am sure some of my Asian friends can appreciate as a respectful response to our “Senior Member.”  “I have eaten more salt than you have eaten rice.”  So please don’t sell short my junior status.

Yes, like most of you I have made my share of mistakes in life and have been scammed a number of times. All investments come with certain level of risk and there are no assurances that in the worst case you would not loose everything. Loosing everything in a legitimate business is painful. I lost everything (in the millions) one time in a bad business deal and have been trying for over twenty years to make a come back. Loosing everything in scam deal is even more painful. I did not own a single AsiaCoin before its melt down. The main reason that I decided to offer my support as an industry peer is because I could feel the pain of those investors who would have lost everything and their feeling of helplessness for not being able to do anything about. 

I am not here to argue the case that there is not a one in a million chance that this is not a new scam with a different twist. If you can proof that this indeed is a new scam with a different twist, I owe you a big apology, whether you are a good hearted concerned industry peer or a member of the press. If you don’t or can not, for goodness sake, give the AsiaCoin revival team and their stakeholders a chance.  I am hopeful that what this team has accomplished is a paradigm shift leading to a culture change for the better. For crypto currency to become main stream with broad base merchant adoption we must work hard to build mutual respect, trust and confidence. This is a worthy cause we all need to support.

For full disclosure I was not a stake holder of AsiaCoin before the meltdown. I do currently own 270,000 ACs and will support the market when appropriate. I am also a founder of DNotes and Cryptomoms. The opinions expressed in this article are strictly my own and not edited by anyone.

Excellent.  That is a very attractive feature and you guys are doing a great job.

C-Cex:


Please clarify: "Coins deposited and placed on sell orders ... if they reach their Stake-Age-Mature time ...."
Do they have to be placed on sell orders ... to get the credit? What about those that are just sitting there?

Excellent recommendations. With a wallet full of DNotes, Mother might use that to buy herself a new car next Mother's day, LOL.
Did you notice how much DNotes has gone up the last few days?

The new BTC address has been posted on Cryptomoms, replacing the first one. Two donations in (BTC) have been sent. Hopefully more to follow. When you have time please PM me a DNotes Deposit Address. Some members only have DNotes to spare but love to support. Thanks.

A number of Cryptomoms supporters are interested to donate to support your project by contributing DNotes, verses just BTC or AC which most likely they don't have. Would the AsiaCoin team want to add a DNotes deposit address for people to send their donations. It's your call.

For your reference:



Chase
Administrator
Jr. Member

Posts: 97
  

Re: SAVING ASIACOIN - Your Support will be appreciated.
« Reply #1 on: Today at 03:32:01 PM »
Quote
I'm going to look into AsiaCoin more this weekend when I have some time, but from what I have learned so far, I agree we should offer our support.  The current team should not be punished for trying to right the wrongdoing of the previous developer.  The new team has voided the 3 billion coins that he took and have started what looks like all the right steps to recover.

Could we set them up with a DNotes deposit address to help them out?  I think it would be very beneficial to AsiaCoin if the rest of the cryptocurrency world could see that they had another community (DNotes) standing by them in support.

You guys are the best. I will do my best to support you. DNotes will have a full press release in the next 10 days reaching over 30,000 media outlets worldwide. I will see how I can at least make mention of AsiaCoin’s amazing turn around. Only when things are done right with mutual benefits and mutual respect for all can we expect crypto currency to become mainstream.  The lack of trustworthiness and stability across the board has been our biggest hindrances to achieve any meaningful merchant adoption over the near term. Your team has made the first significant step to change that. We now have to get the media to be on our side and start promoting the fantastic aspects of the crypto currency. This should be an industry’s collective effort. Again, great job.

Congratulations for a job well done. I will be making a donation to support your efforts. Hope the following post along with our social media efforts will be of additional help:

http://cryptomoms.com/forum/index.php?topic=205.msg1103#msg1103



Dear Cryptomoms and supporters,

This is an unusual appeal but I believe that it is justifiable for a highly worthy cause. Since we are currency neutral at Cryptomoms where everyone is welcome, we are making a rare exception to openly support a single currency.  Although our core mission is to encourage and assist women to participate in the emerging world of crypto currency overwhelmingly dominated by men, we have also acknowledged the need to invite the participation of our industry peers and advocates to join force with us.

A very bad thing happened to one of our industry peers, AsiaCoin, a week ago.  While being regarded as one of the most promising altcoins being introduced recently, it was discovered that the original developer had secretly mined over 3 billion Asia Coins and already cashed out about 30 million.  Upon multiple confirmations to be creditable, AsiaCoin was immediately suspended by every exchange, dealing a devastating blow to all the investors. A list of those affected can be found here: http://cryptosteam.com. It is heartbreaking to see so many innocent investors who must have felt a total loss and the sense of helplessness for not being able to do anything about it.

This would have been a very sad week for our industry that is already in a depressed state after many incidents of bad behaviors and reckless conducts by a few individuals. Thanks to the leadership of more than a dozen of very talented supporters, AsiaCoin community decided to take over total control of the situation. Having been a participant in the technology field since the beginning of the personal computers in the late 1980s I can testify that this is the best damage control case that I have witnessed. To say that I am totally amazed and inspired is an understand statement. The team very quickly developed a viable game plan and executed it flawlessly. They accomplished their mission in an environment with constant hostilities from skeptics and haters, including some bad press which I considered not helpful to put it mildly. The media community should consider this case most news worthy to highlight the constructive power of good to overcome the destructive force of evil.

The saving of AsiaCoin should go down in history as a proud moment of the cryptocurrency world. I urge all of our supporters of Cryptomoms to reach out and support AsiaCoin in anyway possible. We also like to encourage and welcome the AsiaCoin community to join our forum to let us know how we can best extend our support. You can make direct donations as follows:

Donations (BTC): 1FjfP4pRgsjYPQUX5Uep9HMfFw6stsE9G3
Goal: 5 BTC for development, 5 BTC for marketing
Status: 0.14 of 10 BTC
Note: only micryon has access to the coins.

Donations (AC): We will enable AC donations after we fixed the issue.

For full disclosure, I was not a stake holder of AsiaCoin before the meltdown. As a Malaysian Chinese American I am impressed and inspired by the community efforts in times of needs. As a token of my sincere support I now own a small amount of AsiaCoin and will do my part to help support the market if needed. I am also a cofounder of DNotes and Cryptomoms.