Hey DNotes! Congrats on your new Hero member status, you certainly earned it!  Thanks! Looks like you are right behind me! |
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Interesting article on alternative coins surpassing bitcoin. It is my belief that surpassing bitcoin will take leadership, practical applications, and ease of use features. Many in our community promote technologies that actually make it more complicated to both understand and use. Penn State Scholar Predicts Altcoins Will Surpass Bitcoin[...]John Carroll, a Distinguished Professor of Information Sciences and Technology at Penn State University, believes that Bitcoin will lose its shine in future, if there be any additional improvements in other alternative digital currencies, or altcoins. His comments are derived from a scenario where Bitcoin will be the victim of some “pioneer’s penalty” if it fails to add anything more to the table. In simple words, who will use an acoustic string telephone when he could access a mobile phone. [...]“Bitcoin didn’t do everything right,” Carroll further states. “I don’t know whether becoming the currency of choice for murder-for-hire and drug deals helped them much. But it’s often the case that those early pioneers make missteps that are corrected by succeeding initiatives, which may be what will happen here.” Source: http://www.newsbtc.com/2015/05/25/penn-state-scholar-predicts-altcoins-will-surpass-bitcoin/ |
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I’m proud to announce the sale of my first series of physical coins…..Genesis Coin
I have chosen DNotes to be part of the first series of my physical coin line
- The idea: I was looking for physical coins, other than the more well known coins (i.e. Bitcoin, Litecoin, etc.) and saw that there weren’t many choices out there if any at all. There are many companies minting physical Bitcoins and I did not want to add just another choice for people. So I went out and created a brand new line of coins to compliment the current market. So what I am bringing to the market is a line of coins, which I call Genesis Coin, which in my first series of coins will represent 12 different coins with a total production run of 300.
Thank you wheelz1200, they look great! |
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Just wondering if there is a multipool that I can get paid dnotes
Welcome oakmaster! We do have a few multi / auto switch pools, listed in the OP ( https://bitcointalk.org/index.php?topic=470155.0), but I don't believe they are allow you to choose DNotes as a payout preference while mining different coins. |
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Vote for Dnotes to be added at Coinomat.com https://coinomat.com/coinvoting.phpCoinomat.com offers bank transfers, withdrawals to Visa/Master card, and custom debit card for all the cryptocurrencies on its platform. On top of that instant exchanges to all supported cryptocurrencies and e-currencies are available. Crypto to Fiat liquidity can provide a significant boost to Dnotes. more program details here: https://bitcointalk.org/index.php?topic=1053407Thank you for adding us to your voting list coinomat.com! |
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I'm more than happy to test it... but I don't run a company or have any employees. Would it still be beneficial to you if I run a test using myself as the "company" and my family members as the "employees?" If anyone would like to test out the new CRISP for Employee Incentive Benefits program, that would be very helpful. See if you can follow the instructions easily and if everything works as expected. Thank you very much!
That would be great Wiser, thank you! |
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Nice program for mass adoption.
Thank you Cryptock and welcome to the DNotes forum! |
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If anyone would like to test out the new CRISP for Employee Incentive Benefits program, that would be very helpful. See if you can follow the instructions easily and if everything works as expected. Thank you very much!
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CRISP for Employee Incentive Benefits has launched! Press release will be issued today.
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Update in the New York BitLicense saga. New York Soon to Unveil Fresh Bitcoin Licensing RulesBefore leaving office, regulator Benjamin Lawsky seeks to protect consumers while preserving freedom for developersIn one of his final moves as New York’s top financial regulator, Benjamin M. Lawsky will soon unveil a set of new licensing rules that could have long-lasting effects on businesses using bitcoin and other virtual currencies. In doing so, bitcoin advocates fear Mr. Lawsky will cement his reputation for taking tough stands against the financial industry. Mr. Lawsky, in an interview with The Wall Street Journal, said those fears are overblown and that his goal for the so-called BitLicense is to find the appropriate balance between protecting consumers and carving out enough freedom for developers to build new products with what he has called this “promising technology.” Mr. Lawsky said on Wednesday that he will depart the New York Department of Financial Services in June to form a consulting business that will include virtual-currency advisory services. The pending launch of the BitLicense comes amid a backdrop in which an increasing number of Wall Street institutions are exploring ways to adopt the blockchain ledger technology that runs bitcoin and other virtual currencies. Some people in the nascent industry worry Mr. Lawsky’s rules, likely to be released next week, could hinder innovation among small tech start-ups with limited resources. In the interview, which took place before Wednesday’s announcement of his resignation, Mr. Lawsky said the most-recent draft of the BitLicense already provided sufficient exemptions and protections for software developers.“ There is nothing worse for a business person than not having clarity, so we intend to be as clear as possible,” Mr. Lawsky said. “If it’s not clear enough, we will give examples. And if it’s still not clear enough, we will give more examples.” Mr. Lawsky plans to stay at the agency until late June. An NYDFS spokesman said details of the license wouldn’t be affected by Mr. Lawsky’s departure. Last month, leaders from some of the biggest bitcoin companies, investment firms and advocacy groups gathered in New York to hash out a list of concerns and draw the NYDFS’s attention to them. Their concerns are amplified by expectations that this first-of-a-kind license will be a template for other states. Some state regulators are already applying existing money transmitter rules to virtual-currency businesses but many are expected to follow the lead of the country’s most important financial hub and set specific new rules for the sector. Still, some industry leaders argue that New York risks “becoming the bitcoin backwater of the U.S.,” as MIT Digital Currency Initiative Director Brian Forde put it in a blog post that summed up the New York meeting’s recommendations. In making such criticisms, bitcoin business leaders “are fighting for the rights of companies that do not yet exist,” said Fred Ehrsam, a co-founder of bitcoin exchange and consumer service provider Coinbase, who organized the New York meeting. He argues that the established bitcoin industry, including well-funded firms like his, benefits if startups are free to continue the sector’s hectic pace of innovation. During the New York meeting, Mr. Ehrsam estimated it would cost Coinbase $2 million to fulfill all its licensing requirements around the country. In response, Fred Wilson, a partner at New York-based Union Partners, described such costs as a huge barrier to entry that encouraged venture-capital firms like his to concentrate on established players that were already well down that compliance path. Bitcoin advocates were happy when a second BitLicense draft that was released in February rolled back stricter regulatory constraints contained in the first draft published in July. However, they continued to harbor specific concerns. The bitcoin business leaders complained that the BitLicense’s anti-money-laundering provisions, as written in the February draft, could unfairly apply to all developers of so-called wallets, which are software applications that give people direct control over their bitcoins, whereas controls should only be imposed on those services with custody of customers’ bitcoins and dollars. The group also said the draft’s rule requiring NYDFS approval of updates to a provider’s software was impractical in an industry that makes product changes weekly. Mr. Lawsky said such concerns were misplaced. “ We make it crystal clear that we are not going to regulate software providers or software creators or people doing code. The MIT student has nothing to worry about,” he said. “ We are only regulating financial intermediaries.” On software updates, he said, “ We have no interest if they make an update to their code in having them every time get approval for that. It is about when you’re fundamentally changing what you are doing in a material way.” Mr. Lawsky also played down industry concerns that the rules would require some providers to apply for both a traditional money-transmission license and a new BitLicense. Describing this as a quirk of New York law, he said “ you will be able to file just one application for both and you will be able to cross-satisfy so that even in those duplication cases you don’t have to do the paperwork twice.” He also vowed to work with other states so that prior NYDFS approval of shareholder structure changes and other reporting requirements could help expedite approvals in those jurisdictions. “We have done a lot of work and hopefully we will be able to have some influence” over other state regulators, Mr. Lawsky said. The BitLicense comes as interest grows on Wall Street in new applications for virtual currencies’ blockchain ledger technology. In the past month, Goldman Sachs Group Inc. invested in bitcoin consumer services company Circle Internet Financial, Nasdaq OMX Group announced a test of a new securities transfer system that would exploit the bitcoin blockchain’s real-time settlement capability and the New York Stock Exchange launched a new bitcoin price index. Source: http://www.wsj.com/articles/new-york-soon-to-unveil-fresh-bitcoin-licensing-rules-1432231438 |
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Looks like an arbitrage engine. Anybody out there trying this? Can't say I've used it but appears he has a few interesting features. |
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I don't see what DNotes brings to the table that Bitcoin doesn't. I admit I have not read through the 200 pages of forum post here. But I did read the first couple and all I saw was a bunch of marketing statements without any technical explanation. For one, how do you plan on effecting price stability? Why do you think that DNotes can deliver where the bitcoin core developers and community can't? Why is Dnotes insta-mined and who were the initial miners? How is CRISP going to help students pay for their fees? Did you convince a school to accept them as a money-substitute?
Welcome to the DNotes forum digitalsu! Good questions, as RJF has mentioned there is a lot behind the answers. We run DNotes as a business. I will start with price stability. We have created reasons and methods to save your DNotes and become a long term stake holder, like the existing price stability and growth reaching higher highs and higher lows, the CRISP programs, including the interest bearing retirement program. Promoting DNotes as a long term investment and actively seeking new stake holders with the interest of making DNotes successful. Making it easy to save and store your DNotes using the DNotesVault. Creating highly scalable platforms like the DNotesVault and CryptoMoms that will become profit bearing companies where DNotes will have 25% ownership, and eventually expanding into new profit companies owned partially by DNotes. Breading an environment where everyone working together to reach our combined goals rather than individually taking out of individual greed. There is more to price stability than just what I have mentioned. It's difficult for me to explain, but a powerful system is the sum of many parts working in symmetry. People tend to isolate 1 thing and focus on it, but the reality is any well built system has many fine tuned parts. That is my unedited, unfiltered response to one of your questions. I may have time to answer more later today. With that I leave you with TeeGee's post below. I really enjoyed reading this post. Getting more people to understand crypto will be a massive under-taking. I remember back in about June or July 2014, I contacted DYNA and wrote a massive letter discussing my personal views on Digital Currency, and what my experiences were in terms of getting other people to share the passion I had for it, and explain the difference between demographics that took 'less effort' to get on board. It was my view at the time, that people who were sceptical of government involvement in monetary systems and had a natural propensity to prefer 'smaller government' with less control over their lives were much easier to bring forward to participate in crypto - the more they heard about the decentralised nature of the system, the more excited they got. It was my thought at the time, that if DNotes could win over the lions share of the existing Digital Currency market + that of people who were sceptical of government intentions and market mis-management, that such a position would become the perfect launchpad to push DNotes into the mainstream. DNotes would already be the pre-eminent Digital Currency, but in a small, 'niche' market - it's dominant status in the crypto community would mean the difficult task of expanding into the mainstream would begin without much in the way of worry from competitors. Now I don't think my strategy was faulty by any means. I had formed it based on personal experiences with what 'types' of people were easy to bring to the crypto family, and those who weren't. I do however, think that I made an error in scope - I thought the task of immediately promoting to the mainstream user of money was too difficult, technical, costly and risky. I was very aware of the happenings in the crypto markets, and saw that no other crypto but 'Bitcoin' were pushing for mainstream adoption, and this push was coming from 'third party' businesses that were operating on the Bitcoin network, but could easily switch to any other coin that defeated BTC. Seeing this, I think I reasonably decided that every other player had analysed the 'cost-risk-benefit' ratio and decided against mainstream advertising. Every crypto had essentially limited their userbase to a 'niche' market, hoping that success in the industry would bring it to the mainstream in the future. DNotes Difference Many here will already know that DYNA specialises in strategy, and takes on the 'strategist' role for DNotes. DYNA espouses a mantra of 'doing what others are not prepared to do' and 'moving strategically at the most opportune time'. No doubt, DYNA thinks that mainstream adoption is possible now, and is one of the few (along with his core co-founding team - DNotes and Smokey) prepared to get the job done. At the point of my initial 'hello' e-mail to DYNA, I did not know much about him but for his adventures in the market that is mobile computing. One thing quickly became apparent about the error in presumptions I had made about mainstream adoption - no other Digital Currency had effective or successful 'strategists' or strategies behind them. Most Digital Currencies are launched by computer experts who want to 'make a dollar', professors trying to realise an 'improvement' they saw potential in, or jokers who thought 'meme' coins like Dogecoin et al were a great digital 'content type'. People looked at Bitcoin's success and thought - 'Oh!? Well why not I give that a go too and see what happens?.' It shouldn't really be any surprise then, that no other Digital Currency seems to have moved in the same direction that DNotes has. DNotes also has an active community of contributors who have been the brainchild of many of DNotes projects - Chase for example thought up both Cryptomoms AND CRISP's! These contributors haven't only thought up ideas, but have supported the programs with their time and full effort. Cryptomoms is managed by Chase and Grandmama, and the CRISP programs by (past and present) Chase, RJF, TeeGee, Malfort and Cryptobroker (who also just released a really cool educational app). DNotes then has a community of active forum users who provide high quality, throught provoking thoughts that educate readers, and a warm friendly environment to discuss industry ideas. It is this community background, that has brought over analytical thinkers from other crypto networks to come participate like IMZ, transcending community barriers. DNotes first realised that female participation was too low in crypto as frequently highlighted by forum contributor Chase, and moved to create cryptomoms. The team knew that complex public user ID codes like "3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy" were far too complex, annoying, unsafe, and prone to error - with slow processing times thanks to a bloated blockchain to send digital currency to on a computer wallet or online 'wallet'. The creation of DNotesVault meant the simplification of crypto to the level that anybody who can use e-mail can send it without worry of copy and pasting long hash codes, or making a mistake. It meant that your Ditial Currency is safe in an online vault with a 100% deposit guarantee. It meant that money can be transferred instantly and securely on the Vault system without having to process through the blockchain, which means payment processors in the future could use the service to instantly receive payments without waiting for blockchain confirmations. It meant the development team was advertising itself as the solution to an otherwise unsecure and untrusted environment. It meant that DNotes was going to target the mainstream now, not wait years for somebody else to do it. Our resident forum 'cryptomom' Chase (Seriously, I hope you're a mom after this!) DNotes launched CRISP, a series of Cryptocurrency Investment Saving Plans that focussed on the functions of, and how people actually used money. This strategy meant that the infrastructure would be in place for Digital Currency users to have a functional value to their DNotes for transactional use, investment and savings - rather than just have them for the sake of 'hold and hoping'. This strategy ensured that every demographic, whether it be young or old, student or retiree, poor or wealthy had an opportunity to get involved now and reap the future rewards because the CRISP programs applied to everybody. DNotes is pumping out press releases into mainstream media outlets regularly to inform everyday people about the 'everyday' financial services and products they either currently, or will in the future offer their stakeholders. 99% of the world that use money do not even know what Bitcoin is, and those who do tend to pay attention to financial markets or be tech enthusiasts. These 'mainstream' money users are quickly going to recognise DNotes as the only Digital Currency with a trackrecord of stability to make a viable currency used for payments. DNotes is positioning itself into the mainstream now, and no other Digital Currency is establishing itself as a competitor. Forgive me for being bullish, but I think DNotes will 'dominate' quickly and be in a position that it will fast become in a market position so far ahead of the competition, it will be difficult for any competitor to reach as a result of these strategies. DYNA's strategy was different to mine, in that he knew that mainstream adoption could be achieved now. Nobody else is prepared to, or has the skills necessary to do what DNotes is currently doing. DYNA said himself that he didn't think he would be able to create winning strategies to accomplish the end goals he has for DNotes 20 years ago when he was founding CEO of Dauphin Technology - the company that created the first tablet computer, best known for winning a $400m contract with the pentagon, and later a $150m manufacturing contract with IBM. Tech visionaries see potential in markets early before everybody else does. DYNA did this at Dauphin, then again at Smokey's Garden's with our resident Smokey (probably worlds largest flower grower, with over 5 million plants!). Smokey, who co-owns Smokey's Gardens with Dyna recently said, "This reminds me of our Daylily business. We are so far ahead of the competition that we could write a book on it, invite them to our operation, SHOW them how we do it, and they still could not match us. Part of this is because most others would not put in 100 hours a week (not just working, working our ASS OFF) for weeks on end when needed (like we did). Part of this is because most others, after working 12 or 14 hours, would not discuss strategy and plan for world domination of the Daylily World until midnight (like we did). MOST of it was in the planning. If you do not plan for it, it WILL NOT HAPPEN."Working 100 hour weeks is tough, in fact... I've never even worked a 100 hour week. When I was a full time Chef, I worked long hours - normally 65-75, but regularly over 80, and sometimes over 90. I did these hours because I had a 'responsibility' to my employer (well, ya know... I was the only person who was available do the work at the time), but that was definitely not the way I would have chosen to spend my week. DYNA and Smokey were working 100 hour weeks voluntarily!!! These men were doing exactly what they wanted - planning their business to succeed. Planning to win. When people have a 'passion' for something the way DYNA has stated he has for Digital Currency on these forums, the effort he puts into DNotes doesn't even feel like 'work' anymore. When people are passionate about something, they will often spend their time doing whatever activity it is without remuneration. Passionate people, combined with winning strategies can achieve anything. DYNA is very busy now working tirelessly behind the scenes to get DNotes flying and is now struggling to find time to participate at the forums (but does anyway), DNotes (the user) is always silently creating infrastructure behind the scenes, many community members are silently chipping away at various projects. Let us see how it all pans out. |
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Very cool. Can't wait to see what happens from here. |
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The video on this article is pretty good. Regulation is stifling innovation. I didn't realize that the bitlicense was intended to be an additional license on top of all other licensing and reporting requirements, it is essentially another roadblock, and potentially an unnecessary one that simply duplicates rules and regulations already in place. We don't know what the next big innovation like facebook will be, but imagine if it cost 4 million dollars to start facebook? It wouldn't exist. Bitcoin's Regulatory Nightmare Is About to Get More Frighteninghttp://reason.com/reasontv/2015/05/20/bitlicense-benjamin-lawsky-bitcoin |
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Five global banks to pay $5.7 billion in fines over rate rigging
NEW YORK (Reuters) - Five of the world's largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. U.S. banks JPMorgan Chase and Citigroup will pay $550 million and $925 million in criminal fines, respectively, as part of their guilty pleas. British banks Barclays Plc will pay $650 million in criminal penalties and Royal Bank of Scotland Plc $395 million. Each will plead guilty to one felony count of conspiring to fix prices and rig bids for U.S. dollars and euros in the foreign exchange spot market. Euro dollar traders at four of the banks described themselves as members of “The Cartel” and used an electronic chat room and coded language to manipulate exchange rates to increase profits, the Justice Department said. The $5.7 billion total includes $1.6 billion in fines separately imposed by the U.S. Federal Reserve on the five banks. Separately, the Fed fined Bank of America Corp $205 million for unsound practices in foreign exchange. Barclays also will pay an additional $1.3 billion to settle with the New York State Department of Financial Services, the U.S. Commodity Futures Trading Commission and the UK's Financial Conduct Authority, authorities said. http://reuters.com/article/idUSKBN0O51PY20150520?irpc=932It's sad to think about who really pays the price for all this. The people who use and trust these banks. They got ripped off to begin with, then those companies will have to find a way to charge people more to cover the fines. |
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Having trusted management will become one of DNotes greatest assets in the years to come. Not to say the majority of the network won't rule, but knowing who to trust to make the right decisions will easier. Leaderless Bitcoin Struggles to Make Its Most Crucial DecisionBitcoin’s most influential developer has proposed a controversial fix that would help it handle more transactions.In a test of Bitcoin’s ability to adapt to its own growing popularity, the Bitcoin community is facing a dilemma: how to change Bitcoin’s core software so that the growing volume of transactions doesn’t overwhelm the network. Some fear that the network, as it’s currently designed, could become overwhelmed as early as next year. Source: http://www.technologyreview.com/news/537486/leaderless-bitcoin-struggles-to-make-its-most-crucial-decision/This is a very interesting article. I'm not as up on the technical aspects of Bitcoin or other cryptocurrencies. How is DNotes positioned to either solve this problem or never encounter it in the first place? Was it designed with much larger block size limits from the beginning? We have a much higher rate of allowable transactions per second and a much shorter block target time. However, that doesn't mean we won't have to make changes at any point to adapt to any need that arises. There is no perfect solution at this time, and likely never will be perfected, but we are prepared for that. |
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