My wallet is not synching can anyone help ?
Have you tried reinstalling the wallet? Welcome to the DNotes forum BitHappy24 and Andrelvogue! At this point it can take several hours to sync. If you have active connections, and your block count is moving up, it will be just a matter or time. If you do not have connections or the block count is not moving up, please let me know. |
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"Earlier today, I had the chance to speak with several merchants accepting Bitcoin payments for a while now. My main concern was whether or Bitcoin is being used by customers on a regular basis, and if so, whether or not there were any noticeable trends occurring."
Dnotes, in 2013 and early 2014, IndiaMikeZulu did a great deal of canvassing of Australian merchants who accepted Bitcoin and other cryptos. Although we've now finished that project, I do know that here in Oz there was a lower volume of crypto purchases than you'd have expected. Several merchants had yet to accept any Bitcoin or other for a purchase. [sigh]
Also: the Oz krypto geek scene has, sadly but clearly, 'cooled' noticeably in the last 18 months -- so the situation probably hasn't improved.
[If you were going to do a survey at present, you'd try the remarkable 'blob' of Bitcoin-accepting businesses around RMIT Melbourne. Clearly the geeks there nagged local business people into giving Bitcoin a whirl. A dozen phone calls to those in question would yield a helpful teaspoon of data.]
Mark Blair (IndiaMikeZulu), Australia
No matter which way you look at it, it's a matter of getting both consumers and merchants involved in the long run. Merchants don't want or need additional unnecessary burden (add, learn, and train) for minimal benefit. This is what is happening today with many merchants. Merchant point of sale solutions will need to incorporate digital currencies in their systems, but they will only do so when consumers are demanding it, and the merchants in turn demand an easy and integrated point of sale solution. There isn't really a bad way to approach this problem, as both merchants and consumers are needed and all adoption is helpful. However, if merchants are accepting it, and no one is using it, it could be a bit of a stumbling block. Once a merchant is put off by it, it will be much more difficult to convince them a second time. Now on the other hand, huge merchants, chains, and franchises, who can appreciate an additional minimal return, will get excited about it. Even a 1% gain in sales or profit means a lot to them. They can drive point of sale solutions and integration. They are constantly having to upgrade as PCI compliance rules change frequently anyway, so upgrading the entire system for them is a regular task. It is not a task we are taking lightly, and it will take a multi pronged approach to be successful. |
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Part of the reason DNotes is different is we are building technology and platforms that are geared towards ease of use and easy to understand. As you can see in the article below, that is very different from the majority of our industry and people are recognizing the issue. We are continuously learning from customers of our existing platform, how to expand, how to make it more user friendly, and how to make it easier to understand. Please feel free help us in those efforts by providing feedback, any and all feedback is helpful. Bitcoin Usage Low Due To Disinterest From Consumers (Op-Ed)Earlier today, I had the chance to speak with several merchants accepting Bitcoin payments for a while now. My main concern was whether or Bitcoin is being used by customers on a regular basis, and if so, whether or not there were any noticeable trends occurring. I did learn one thing though, Bitcoin is fine in terms of supporting merchants but needs to convince everyday users to work with digital currency. [...] Source: http://insidebitcoins.com/news/bitcoin-usage-low-due-to-disinterest-from-consumers-op-ed/32840I've been in the Bitcoin community for over two years and I still don't use my Bitcoin to buy ordinary things. The main reason is that I'm still in trying to grow my Bitcoin stash mode. If I could go back in time knowing everything I know now and not make a lot of the mistakes I made it's possible I'd be sitting on a pretty nice stash of Bitcoin at the moment. Then I'd have a solid pool to use for spending money. It's not for lack of trying to grow my stash. But a few of the methods I tried turned out to be scams, hacked, or plain unsustainable. In all cases, the result was losing rather than growing Bitcoins. This means that today when I do get Bitcoin, I'm keeping it as Bitcoin and either using it to buy a different coin, or trying to earn some interest on it. My hope is that some day I will have a nice abundant stash of Bitcoin and be able to spend it. For now, though, I'm not going to spend it on ordinary stuff because it's easier to spend fiat. I'm certainly not going to convert my fiat into Bitcoin just so I can buy something with Bitcoin instead of fiat. Anytime you have to make an exchange, that introduces cost and risk. I now understand better one aspect of the DNotes strategy, which is to spend the first couple years focusing on encouraging and helping people to obtain DNotes, and then save them for some time a few years down the road. Since DNotes are cheap these days it's easy to buy them and that's not counting what the DNotes team gives away for free. A couple years down the road, if the DNotes I bought today have appreciated substantially in value, and I'm sitting on a nice stash of them, then when retailers start accepting DNotes, then I will be a lot more inclined to spend mine. I don't know for sure, but I believe the majority of the people who are regularly spending Bitcoin at retail stores are those who either heavily mined or bought back when Bitcoin was worth less than a dollar, and now get to spend it at over 200 times its initial value. That's what I'm hoping will happen to my DNotes stash. Buy them at two or three cents today; spend them at two or three dollars in a few years. Given that, I think the best strategy for DNotes is to try to turn as many people as possible into early adopters, encourage them to acquire DNotes while the price is low, then save them, and during that time, work very hard to build value and more value into it. If successful, in a few years you'll have all kinds of people buying and selling with it. It helps also to do what is possible to minimize the scam sites using DNotes. Those and the outright illegal ones. Speaking at NASDAQ events doesn't hurt either... Hey, DNotes people, You guys should really do all that. Oh, never mind. You've been doing this since day one  Thank you wiser, thoughtful post and had a good laugh at the end. Yes it is important to note, someone who joins even today is an early adopter. We will do our best to make it easy and spread the word while we continue to build around DNotes. |
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Part of the reason DNotes is different is we are building technology and platforms that are geared towards ease of use and easy to understand. As you can see in the article below, that is very different from the majority of our industry and people are recognizing the issue. We are continuously learning from customers of our existing platform, how to expand, how to make it more user friendly, and how to make it easier to understand. Please feel free help us in those efforts by providing feedback, any and all feedback is helpful. Bitcoin Usage Low Due To Disinterest From Consumers (Op-Ed)Earlier today, I had the chance to speak with several merchants accepting Bitcoin payments for a while now. My main concern was whether or Bitcoin is being used by customers on a regular basis, and if so, whether or not there were any noticeable trends occurring. I did learn one thing though, Bitcoin is fine in terms of supporting merchants but needs to convince everyday users to work with digital currency. [...] Source: http://insidebitcoins.com/news/bitcoin-usage-low-due-to-disinterest-from-consumers-op-ed/32840 |
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DNotes has accomplished a lot in just over one year. Although Alan has mentioned this before, it important to remember that we are still at the foundation building stage. Essentially, we have been building the infrastructure of what we often referred to as highly scalable building blocks. Each building block is launched as a pilot project, constantly fine tuned to perfection and positioned for full scale launch locally or globally as the case may be, at the most opportune time. They are all strategically linked and served as the initial segment of our own ecosystem. As DNotes continues to grow new infrastructure, such as a licensed regulated exchange, global payment network, mobile applications and many more will be added. Let us take a closer look at the CRISP for Students program today. We strongly believe that encouraging and assisting students to be among the earliest adopters of digital currency is a prudent endeavor. This is where many of the high paying jobs will be and today’s student will become our next generation of leaders. The foundation of CRISP For Students has been built with over 40 students enrolled at this time. We will continue our giveaway program to introduce students to DNotes which we firmly believe will play a big role in their future. Students can signup today and have a real world experience with DNotes, without having to pay for it, and I feel that is a significant benefit and there is the potential of significant appreciation over the long term. Should that happened, it could be your solution to pay down or payoff your student debt. Big things in life often start out in a small way. People who can see great value in taking the first step are more likely to be successful while many would come back later and wonder why they missed the opportunity. Signing up for the program takes very little efforts. To get started go to: http://dnotesvault.com/crisp-for-students.php |
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Haven't had a chance to check out the CRISP for employee yet, but the press release is excellent. Love it.
Thank you kanus1113, please do try it out and let us know if you have any suggestions on making it easier. |
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Officially sent out 8 genesis DNotes physical coins. 2 left before they are sold out. Accepting DNotes for payment. Have a great weekend all.
Wheelz1200
That is great wheelz1200, glad to hear the sales are going well! |
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Is anyone interested in helping to create a general write up that can be used for CRISP Programs on the DNotesVault homepage? This can be a general description of the CRISP programs, maybe with a little about each program in no more than 2 paragraphs.
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Added an employee request form, which will allow employees to engage the DNotes to work with their respective companies.
Also, working on a way to incorporate the DNotesVault registration form with the employer registration form, to make it more seamless for users who do not currently have a DNotesVault account.
Then we will be looking into a couple of the suggestions we have received.
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Interesting article here on the environmental impact of bitcoin. Though maybe a little too aggressive in the estimations, with many considerations not accounted for. Think Tank Reignites Debate Over Bitcoin Mining's Environmental EffectsDebate about the environmental effects of bitcoin mining has resurfaced following claims by an Australia-based sustainability think tank that bitcoin could eventually consume 60% of annual global electricity production. According to the Long Future Foundation's website, its calculations are based on the assumption that 1 BTC is valued at £1m, the cost of mining this resource is $500,000 and 3,600 bitcoins are produced every day. "Bitcoin miners can get power cheaply for $0.05 per kilowatt hour (kWh) which means that they get 20 kWh per dollar spent," notes the website. By multiplying these numbers (500,000 x 20 x 3,600 x 365) on its Bitcurrent calculator – an interactive spreadsheet – the foundation arrives at the conclusion that bitcoin mines would consume 13,140,000,000,000 kWh – or 13,140 terawatt hours (TWh) – per annum, or the amount of energy required to power 1.5bn homes. [...] http://www.coindesk.com/think-tank-debate-bitcoin-mining-environment/ |
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The CRISP for Employee Incentive Benefits program is going better than expected. Thank you to everyone who created an account to provide feedback, there were some great suggestions! We have had many requests from employees whose companies have not yet signed up for the program, so we will be adding a form for employees to provide employer contact information and the DNotes team will contact their HR department.
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I got about halfway through this article. Interesting read, very long article, covering many topics. Mostly potential uses of blockchain technology and what it can mean to many. One particular quote I wanted to share below. The coming digital anarchyBitcoin is giving banks a run for their money. Now the same technology threatens to eradicate social networks, stock markets, even national governments. Are we heading towards an anarchic future where centralised power of any kind will dissolve? [...]Critics who say Bitcoin is nothing but zeros and ones in a computer file and therefore can’t hold value miss the point that their bank balance is, similarly, nothing but a number on a computer. http://www.telegraph.co.uk/technology/news/10881213/The-coming-digital-anarchy.html |
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Thanks team happy can contribute to DNotes with something ... really not to much visits to blog but its there for one good interested need it
Absolutely, one person at a time. Every person is important to DNotes success. |
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Thanks infovortice! Very cool |
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North Carolina is placing a blanket surety bond requirement on digital financial companies. North Carolina Considers Regulating BitcoinNorth Carolina laid down to control digital currencies transactions. Regulations are being developed to make the sphere more reliable. In the beginning of May draft law passed the state House and now is directed to the Senate. Companies dealing with digital currencies must offer customers a well-developed system of work. There are standards of consumer protection, anti-money laundering and some other that must be compulsory for everyone. Although virtual currencies, bitcoin in particular, have some obvious advantages known for financial geeks, many customers are still far from clear-eyed understanding of the details. The whole process seems to be quite simple – people sell and purchase in the Internet and store electronic cash in wallets. It allows making transactions all over the world with minimal fees and not providing secure bank information. But it would be incorrect to say that using digital currencies doesn’t imply any risk, which in fact caused the necessity of regulation. The Consumer Financial Protection Bureau announced that electronic money is not as safe as physical one stored on bank deposits, it’s not supported by the government, has volatile exchange rates and is prone to hacker attacks.Ray Grace, North Carolina Banking Commissioner, reflected this contradictory nature of digital currencies saying: “ There are two sides to the Bitcoin. One side is the clear potential value of the innovation, and what that could portent for the payment system. Since we’re a business friendly state, we want to facilitate that. But regulation was needed to keep bad actors out. We wanted to mitigate the risk while facilitating the potential benefits down the road.” Nowadays there are many digital currencies created on the basis of bitcoin protocol – Litecoin, Auroracoin, Peercoin. Such companies as Overstock.com, Dish Network and Expedia have contributed greatly to popularization of bitcoin and other currencies. Several US states are planning to start accepting taxes in bitcoin although final approval of this law hasn’t been received yet. The first regulations were developed by the U.S. Treasury Department’s Financial Crimes Enforcement Network in 2013. New York followed and issued the first charter for businesses dealing with virtual currencies. It serves to protect bitcoin entrepreneurs. According to new regulations digital financial companies in North Carolina must:post a surety bond intended to protect customers of at least $150,000 growing to a maximum of $250,000 based on trading volume.
have a net worth of at least $250,000, which the banking commissioner could increase if deemed necessary.conform to a clear set of prohibited practices such as never failing to send money as directed. Source: http://www.coinspeaker.com/2015/05/26/bitcoin-news-regulation-north-carolina-9559/ |
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The article highlights the great partnership that IMZ's trader and I have. Me: crusty boomer. He: millennial IT professional.
It makes for really balanced input to our decision-making.
Nice to see us back on BCT. Nice to see Dnotes up in price. Thanks to those who worked to make it happen. (My part is to steadily blog over at C-moms, a real pleasure)
Mark (IndiaMikeZulu), Australia
Thank you Mark, we really appreciate the help! |
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This is an interesting article on how the largest generation in the U.S. is going to affect the banking industry: The Millennial Generation: Banking’s Big Problem, and It’s a Good Thing The Millennial generation is proving to be a large force behind the transformation and disruption of the banking industry. Their distinct habits and preferences will be responsible for reshaping the global economy in the decades to come. Millennials are the largest generation in the U.S. and the fastest growing demographic in the world. Organizations and corporations worldwide are trying to figure out how to engage this generation whose brand relationships and patterns of consumption are distinctive from those of generations past. Young people think differently, consume differently and use traditional services differently. Companies who successfully unlock the keys to the habits of Millennials will reap major profits. The banking space has felt the effects of this more than any other industry to date. It is pretty safe to say that millennials hate traditional banking. The Millennial Disruption Index is a three-year study based on extensive interviews with over 10,000 respondents who answered questions about which industries were most likely to be disrupted in the coming decades. Key findings include: Millennials believe banking is at the highest risk of disruption out of all the industries in the survey. 53% think their banks offer nothing different from other banks. 71% would prefer to go to a dentist than listen to what banks are saying. 1 in 3 are open to switching banks in the next 90 days. Four leading banks — JP Morgan, Citibank, Bank of America and Wells Fargo — are among their least favorite brands. They also have big ideas on the future of money and finance: 68% believe accessing money will be different in five years. 70% believe paying for things will be different in five years. 33% believe banks aren’t needed at all. 50% believe startups will change the way banks works. 73% would be more excited about a new offering in financial services from Google, Apple, Amazon, Paypal and Square than a nationwide bank. It’s no wonder that banks may feel threatened and that the executives at these banks believe they could be facing increasing profit-margin pressure and outright disintermediation, as highlighted in a recent Accenture report. Demographics and CharacteristicsGoldman Sachs put out a report on the demographics and characteristics of the Millennials titled “Millennials Coming of Age.” Millennials were born between the years 1980 and 2000 and are considered the largest generation in American history at 92 million. For comparison, Generation X has 61 million and the Baby Boomers have 77 million. Goldman recognizes five defining characteristics of this generation:They are the first digital natives — the first generation that has grown up fully connected to smartphones and the Internet. They have use social media in a profound way and are completely “connected.” They have less money to spend. continue reading: http://cointelegraph.com/news/114348/the-millennial-generation-bankings-big-problem-and-its-a-good-thingThe findings are very telling. Banks and financial services must take the changing landscape very seriously and start building new partnership with no other than DNotes. We have made and will continue to make dedicated efforts to serve both the students and the women's market. These are two very dominant forces that cannot be ignored. DNotes is the only digital currency invited, and I will be a speaker addressing a prestigious group of investors and VCs at : Silicon Dragon NY 2015 Silicon Dragon NY 2015: Innovation Revolution June 22, 2015, 5:30pm – 9pm NASDAQ Market Site, 43rd / Broadway It's quite an honor. DNotes is getting discovered. Check it out: http://www.silicondragonventures.com/events/events-2015/silicon-dragon-ny-2015/DEALMAKER PANELJim Robinson, Co-founder/Managing Partner, RRE Ventures Pat Kenealy, Managing Director, IDG Ventures USA Alessandro Piol, Partner & Co-founder, Alphaprime Ventures Annemarie Tierney, VP, Head of Strategy and New Markets, NASDAQ Sandy Carter, General Manager, Worldwide Cloud Ecosystem, IBM Claudia Iannazzo, Partner, Pereg Ventures Moderator: Rebecca Fannin, Silicon Dragon / Forbes INNOVATION SPOTLIGHT: DIGITAL CURRENCIESFrancesco Rulli, Founder, BitLanders & BitCharities Sarah Martin, VP, Digital Currency Council Alan Yong, Founder, DNotesModerator: Porter Bibb, Managing Partner, MediaTech Capital Partners  |
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