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/ |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world.Any other ideas would be helpful. I think maybe the direction of the tagline might be something more like: Adding Value to Employee Incentive. For some reason, this one seems to be more challenging. Is this closer to the direction you want? Rewarding your (loyal?) employees with valuable incentives (or valuable benefits?) An economical way to reward employee loyalty with valuable incentives. Thanks again Chase. It is a more difficult one to nail down. I will do a little brainstorming session here: Employee Incentive That Works For You Grow Your Employee Incentives High Potential Employee Incentives Investing In Your Employees Future Employee Incentive Investment for the Future Incentive That Grows for your Employees Rewarding Employees By Investing in Their FutureLet me know if you like any of these or if they are heading in the right direction. - hands down my favourite. I was getting caught up in the concept of it being the only affordable way for many employers to provide their employees with benefits. However there is no catchy way to sloganize that and it doesn't necessarily come across in the best light. This one is great because it very clearly states it is for the benefit of the employees. Well done!   Great! It was a tough one. Everyone is getting ready for the launch next week. |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world.Any other ideas would be helpful. I think maybe the direction of the tagline might be something more like: Adding Value to Employee Incentive. For some reason, this one seems to be more challenging. Is this closer to the direction you want? Rewarding your (loyal?) employees with valuable incentives (or valuable benefits?) An economical way to reward employee loyalty with valuable incentives. Thanks again Chase. It is a more difficult one to nail down. I will do a little brainstorming session here: Employee Incentive That Works For You Grow Your Employee Incentives High Potential Employee Incentives Investing In Your Employees Future Employee Incentive Investment for the Future Incentive That Grows for your Employees Rewarding Employees By Investing in Their Future Let me know if you like any of these or if they are heading in the right direction. |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world.Any other ideas would be helpful. Make your bussines live in future sharing your benefits with employees easily by DNotes CRISP Make your employees live in future sharing your bussines benefits easily by DNotes CRISP Wall Street is definitely waking up to the massive potential of digital currency and Blockchain technology. Bitcoin will continue to play an important role. It has the name recognition and the marketcap.
DNotes is getting a lot of attention too. My LinkedIn connection with Wall Street has been growing at a fast clip.
I will speaking as a participant of a panel about digital currencies at Silicon Dragon's NY event, June 22 evening, 5:00 p.m. to 9:30 p.m. at NASDAQ in New York. There will also be Venture Capital and other investors plus the Wall Street crowd. I have absolutely no doubt that DNotes is far better positioned as a long term investment across the board and the best candidate to gain mass acceptance.
+5% Good luck in speaking ! Thank you Infovortice! |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world.Any other ideas would be helpful. I think maybe the direction of the tagline might be something more like: Adding Value to Employee Incentive. |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world.Any other ideas would be helpful. |
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Here's some good news: "NYSE to Introduce New Bitcoin Price Index"The New York Stock Exchange (NYSE) is reportedly planning to introduce a special global price index to value Bitcoin, a decentralized digital currency-cum-technology. As reported by Mashable, the world’s largest stock exchange is in the process to launch the Bitcoin price index through its Global Index Feed. It is further planning to make the index available free on its website, though for a limited time. The news website also managed to obtain a quote from the NYSE’s President, Mr. Tom Farley, who confirmed their plans to launch the Bitcoin index. “We are now going to use our name, reputation and global index provider stature to provide bitcoin values that the rest of the market can look to,” he told Mashable. Farley, who is gradually proving himself to be quite an innovation-friendly Wall Street professional, was also credited to push investments into the Californian Bitcoin startup Coinbase. And now with yet another announcement, the 39-year old Wall Street veteran is bridging the intellectual gap between Bitcoin and the traditional finance markets. In his opinion, new technologies like Bitcoin never intimidate the “Big Board”. He feels excited by Bitcoin — in a good way — and believes this technology to do wonders, both as a currency and a record-keeping technology (the blockchain). “It was that curiosity and also… let’s not wait for this to fully evolve,” Farley states, “let’s get a seat early on and see how this matures.”Perhaps the rest of the finance world is beginning to see the same thing as the NYSE president. After years of severe and assassinative criticism, Bitcoin is truly coming out of the misunderstood perception that used to surround it. There are many Wall Street veterans that have taken important positions at a number of Bitcoin startups; and there is Goldman Sachs, as well as many other renowned finance giants, that had invested in the emerging Bitcoin companies.But perhaps the most notable among all is the NASDAQ, the NYSE’s rival stock exchange, that has also started experimenting with the digital currency technology. The future is indeed looking great for Bitcoin. http://www.newsbtc.com/2015/05/19/nyse-to-introduce-new-bitcoin-price-index/That's great news, the more comfortable everyone becomes with bitcoin the closer we get to becoming noticed in the world. |
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Looks like PoloniEx may be on the road to regulation.
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
I'll give it a shot and start the list... 1. An affordable option to give back to your employees. 2. An affordable alternative to providing your employees with benefits. Do I have the concept right?? Thank you Chase. Better than what I've come up with. Here are the other CRISP taglines for reference. Students: Investing In Education For Our Future GenerationsKids: Helping secure the future of our children and grandchildrenRetirement: Helping to secure YOUR future in an uncertain financial world. |
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Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.
Welcome back mafort, glad to hear everything went well and you are in good health! |
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All, any ideas for the tagline for CRISP for Employee Incentive Benefits?
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Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.
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I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”
Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.
This is a good thing for the value of DNotes. In order for large investors to buy shares in a company, they need to know what they are investing in. Since they are being directed to this forum, a certain amount of the plan is going to have to be made public. This is a large amount of money coming into the DNotes ecosystem (future conglomerate) . This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works. This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed! This is what we were promised from the beginning and this is how it is done when it is done right. Thank you DNotes team! Thank you Chase, you are exactly correct. Information about the direction of DNotes is required for potential investors, this differs from the information we can provide about individual projects that have their own timeline. |
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Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context. 1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTHRecently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.  Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/ |
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Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise. Here are some thoughts I had as I was thinking about it. 1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post. 2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes. 3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it. 4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments. The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds. So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor. Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that? Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment. Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right? Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective. Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself. You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency. World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions. Wiser definitely provides great material! My curious thought of the day, would be that if all DNotes were to hypothetically own 25% of said company 'newco', and if I'm interpreting that correctly to mean every DNote in circulation becomes a (dividend bearing?) bond in the company, then DNotes will become very highly valued currency that doubles as an asset. This equity ownership would probably mean an increase in value to somebody's stake over time with respect to company performance. It is difficult with crypto's relatively fixed money supply to offer interest on savings without behaving like a bank does; loaning out significantly more than the physical reserves held. Crypto however, does not have the money creation mechanics that banks do. A loans principal debt must be paid back with added interest in units of DNotes. With a perfectly fixed money supply, there would be no room to pay the interest - so where would the incentive to save come from? There are ~36000 newly minted DNotes per day, so it is not impossible. The beauty of this equity/currency idea though, is that instead of offering interest bearing savings accounts the way banks do to encourage savings / investment, it sounds like DNotes could instead offer company dividends on every DNote held. This way no banking services, nor debt would be necessary to provide an incentive to hold DNotes. The concept creates an economic culture based on equity, rather than debt; consumer and business preferences change to owning equity, rather than having dangerous access to cheap credit. This cuts against the grain of incentives the current monetary system provides banks - debt is tax-deductible but equity is taxed at 30-40%. Credit expansions and artificial stock bubbles result that hurt many. This is an opportunity to rewrite the business rules without regulation, but by offering incentives that people respond to. I doubt it escaped anybody's notice the increased incentive to hold DNotes as a dividend bearing share, and as a reliably appreciating currency would add buying pressure at the exchanges. Currently, Digital currencies are mostly speculative assets - that hope to have a stable, transactional value in the future. This plan would make shareholders out of everyday money users; today if you own US dollars, it is just paper, backed by nothing. DNotes ownership would reflect shares in a company, and in a brand; DNotes would be an invest-able asset backed currency. One thing to consider would be macro-effect on consumer preferences, and willingness to use dividend bearing currency as payment - if you spend your DNotes, you miss out on potential future dividends. I doubt this effect would be too strong though - people still spend their savings that would have otherwise earned interest at the bank. Another option would be preferential DNotes that must be 'invested' to earn interest bearing status, but that begins to get complicated, and no longer supports the entire eco-system. I imagine a scheme like this would be very popular in Middle Eastern / Muslim demographics - who don't believe in banking interest. Banking money is debt, but DNotes are equity assets that yield dividends... Truly works for everybody. From what I just read, I'd say it's a genius concept overall, and would probably work really well if an indebted government adopted it as a proxy to economic recovery. Smart contracts and the like will make for very exciting possibilities, I can imagine some applications, but I've already written a lot. With limited time, let me just give you a very brief response on a few key points. Among others, I am responding to a Cointelgraph interview today. A previously published interview will appear on Bitcoin Magazine either today or tomorrow. It could also be picked up by other news outlets. We will have a press release on "CRISP For Employee Incentive Benefits" next week. I now have connections with more than 70% of mainstream media; Fortune, Wall Street Journal, New York Times, Forbes, Wired, Tech Crunch, CNBC, and many more. "Newco" = New Company or currently un-named company. DNotes, the currency, will own up to 25% of Newco represented by certain number of shares. The 25% of ownership will be diluted as additional funds are raised. This is just how it works with companies than needs new funding to expand, but the ownership value should continue to grow. So it is not a majority ownership, but a very substantial ownership. This is a substantial real world value backing DNotes the currency. With that the currency will have the backing of a legal entity and a solid group of individuals, including mitigation risks. This may sound simple and exciting, but it is an extremely difficult to replicate and executive. By strategic choice, Newco’s focus is not on dividend but capital appreciation. It will very quickly be recognized as long term investment with very healthy growth rate. Since the currency would have significant benefits deriving from Newco increasing value, the currency value should also continue to appreciate. Therefore, DNotes long term stakeholders will share the success for Newco propionate to their ownership of DNotes. I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.” Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes. Our team is growth focused, hugely sacrificing today to make us all successful in the future. |
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Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise. Here are some thoughts I had as I was thinking about it. 1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post. 2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes. 3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it. 4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments. The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds. So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor. Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that? Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment. Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right? Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective. |
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so a little update on my wallet issue. it has not even downloaded one block and is stuck at 90.92 percent. I'm in the debug logfile and i see a lot of stuff i don't like
ERROR: CBlock::ReadFromDisk() : GetHash() doesn't match index
ERROR: Reorganize() : ReadFromDisk for connect failed
InvalidChainFound: invalid block=4abb9b688271f1c08d37 height=652609 work=128751936566847813 date=05/17/15 02:16:01
InvalidChainFound: current best=0258bd458fd032979085 height=594101 work=95779098832669148 date=04/06/15 09:08:50
InvalidChainFound: WARNING: Displayed transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade.
ERROR: SetBestChain() : Reorganize failed
ERROR: AcceptBlock() : AddToBlockIndex failed
ERROR: ProcessBlock() : AcceptBlock FAILED
any thoughts no rush i know you guys are hard at work. maybe, can i back my coins up on another computer with my backup folder?
edit: oh and CryptoBroker79 I have like a bunch of copys of dnote folders so i dont really know what can and cant be deleted it seems dangerous to start deleting stuff even backed up
Hi Daniel, You should have your coins backed up in multiple locations. The only file that you need to backup is the wallet.dat located in: C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes or C:\Users\WINDOWSUSERNAME\AppData\Roaming\DNotes How it works is, your encrypted private keys and public keys are stored in the file. There is some other stuff, but that isn't important for the purposes of backing up. At any point in time, if you want to recover your coins you need the following three things: -Your wallet.dat file -Your password you used to encrypt the wallet -The latest version of the DNotes wallet program Note: Your wallet.dat file only needs to be backed up once. It should only be backed up after it is encrypted. Any time you add a new receiving address, or change your encryption password, it should be backed up again. The wallet.dat file contains the private and public keys, which can be used to verify and send coins, but your actual coins are not stored in the file. They are stored in the blockchain, which is distributed among all the wallets and nodes on the network. Back to your problem. You can get stuck when updating the blockchain, usually on various mini forks that occur in the network when things happen like finding a block on an old fork because they were mining on the wrong version. It has no impact on the coins in your wallet. There are a couple things you can do. The first thing I would like you to do is verify you are connecting the correct nodes. Go to C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes or C:\Users\WINDOWSUSERNAME\AppData\Roaming\DNotes and open the file named DNotes.conf (case specific) and make sure these nodes are listed: addnode=n6.dnotescoin.com addnode=n7.dnotescoin.com addnode=n4.dnotescoin.com addnode=n5.dnotescoin.com addnode=128.199.239.199 addnode=95.85.44.200 addnode=162.243.225.90 If those were already listed, you can simply try closing and re-opening the wallet. Waiting an hour or so and see if it continues updating the block count. If they aren't listed you can add them and just restart the wallet. If the problem still isn't resolved at this point, you can close the wallet, delete all the files in C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes, except the DNotes.conf and wallet.dat and backups you may have made of it, open the wallet and begin the blockchain download process from scratch. If you need any help with any of these steps or still have any issues, shoot me an email and I will respond promptly. Okay got it. I understand that much more and it's actually downloading the blocks now. Thankyou again for the help! No problem at all! That is what we are here for. In the long run I don't foresee using the desktop wallet at all. It's just not going to be user friendly enough. There will be apps, and programs, but they will be much easier to use and much more capable, and likely cloud driven. The majority will be online in some fashion, like the DNotesVault. |
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so a little update on my wallet issue. it has not even downloaded one block and is stuck at 90.92 percent. I'm in the debug logfile and i see a lot of stuff i don't like
ERROR: CBlock::ReadFromDisk() : GetHash() doesn't match index
ERROR: Reorganize() : ReadFromDisk for connect failed
InvalidChainFound: invalid block=4abb9b688271f1c08d37 height=652609 work=128751936566847813 date=05/17/15 02:16:01
InvalidChainFound: current best=0258bd458fd032979085 height=594101 work=95779098832669148 date=04/06/15 09:08:50
InvalidChainFound: WARNING: Displayed transactions may not be correct! You may need to upgrade, or other nodes may need to upgrade.
ERROR: SetBestChain() : Reorganize failed
ERROR: AcceptBlock() : AddToBlockIndex failed
ERROR: ProcessBlock() : AcceptBlock FAILED
any thoughts no rush i know you guys are hard at work. maybe, can i back my coins up on another computer with my backup folder?
edit: oh and CryptoBroker79 I have like a bunch of copys of dnote folders so i dont really know what can and cant be deleted it seems dangerous to start deleting stuff even backed up
Hi Daniel, You should have your coins backed up in multiple locations. The only file that you need to backup is the wallet.dat located in: C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes or C:\Users\WINDOWSUSERNAME\AppData\Roaming\DNotes How it works is, your encrypted private keys and public keys are stored in the file. There is some other stuff, but that isn't important for the purposes of backing up. At any point in time, if you want to recover your coins you need the following three things: -Your wallet.dat file -Your password you used to encrypt the wallet -The latest version of the DNotes wallet program Note: Your wallet.dat file only needs to be backed up once. It should only be backed up after it is encrypted. Any time you add a new receiving address, or change your encryption password, it should be backed up again. The wallet.dat file contains the private and public keys, which can be used to verify and send coins, but your actual coins are not stored in the file. They are stored in the blockchain, which is distributed among all the wallets and nodes on the network. Back to your problem. You can get stuck when updating the blockchain, usually on various mini forks that occur in the network when things happen like finding a block on an old fork because they were mining on the wrong version. It has no impact on the coins in your wallet. There are a couple things you can do. The first thing I would like you to do is verify you are connecting the correct nodes. Go to C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes or C:\Users\WINDOWSUSERNAME\AppData\Roaming\DNotes and open the file named DNotes.conf (case specific) and make sure these nodes are listed: addnode=n6.dnotescoin.com addnode=n7.dnotescoin.com addnode=n4.dnotescoin.com addnode=n5.dnotescoin.com addnode=128.199.239.199 addnode=95.85.44.200 addnode=162.243.225.90 If those were already listed, you can simply try closing and re-opening the wallet. Waiting an hour or so and see if it continues updating the block count. If they aren't listed you can add them and just restart the wallet. If the problem still isn't resolved at this point, you can close the wallet, delete all the files in C:\Documents and Settings\WINDOWSUSERNAME\AppData\Roaming\DNotes, except the DNotes.conf and wallet.dat and backups you may have made of it, open the wallet and begin the blockchain download process from scratch. If you need any help with any of these steps or still have any issues, shoot me an email and I will respond promptly. |
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Very interesting read on itBit's banking law charter and the US state individual regulations. What itBit's Banking Law Charter Really MeansHouman B Shadab is a professor of law at New York Law School. Here, he discusses what itBit's recent banking law charter means for other digital currency exchanges operating in the US and beyond. Since their inception, bitcoin exchanges have operated under a fog of legal uncertainty. Just one day after the New York-based exchange itBit announced it had obtained a banking law charter giving it the ability to operate in all 50 states, a California official called that into question. Almost every state has its own licensing requirements for traditional money transmitters that include payment processors and money transfer firms like Western Union. The safe but costly route for bitcoin exchanges would be to obtain a license in each state that requires it for virtual currency businesses. But it's unclear which do. [...] ItBit was able to bypass much of the uncertainty about being required to obtain state money transmitter licenses. It accomplished this by obtaining a trust charter under New York banking law, which is generally required of exchanges in the state. http://www.coindesk.com/in-itbit-we-trust/ |
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got it just figured that out finally.. thanks for the help
No problem at all. The message is correctly stated, but also alarming, when it is not up to date. |
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