VIDEO UPDATE Hello everyone. I have received the final version of one of the videos I have in production. This video illustrates why DNotes Global is important to DNotes visually, in a brief video. It took more than 3 weeks full time work for the animator to complete it, we are very appreciative of his efforts. The next video to release will be our first overview video based on the DNotes Global pitch deck. DNotes Global -- Ecosystem Preview I expected something great, but this is amazingly awesome, Tim. “It took more than 3 weeks full time work for the animator to complete.” Wow! What a great accomplishment. It’s a brilliant idea representing all the possibilities DNotes strives to accomplish as an inclusive and trusted name. Our challenge is that it may take us 30 years to complete all the tasks our animator so cleverly took three weeks to lay out – block by block; all strategically linked to create one super-system, in which everything in interrelated with many sub-systems – our ecosystems. That is a breathtaking display of the DNotes’ vision. Congratulations to you and your team for a job well done! |
|
|
|
Good news in our industry is hard to come by these days. Enjoy! S. Korean Finance Minister: Blockchain Can ‘Revolutionize The World’By Molly Jane Zuckerman While on trip to China for economic talks, South Korea’s Finance Minister Kim Dong-yeon spoke positively about the potential for Blockchain, saying that “Blockchain technology can disrupt and revolutionize the world,” according to the South Korean-based Yonhap News Agency. During a meeting with Zhou Xiaochuan, governor of the People’s Bank of China, Yeon also spoke of a need for more cooperation with China on Blockchain technology. According to another Korean news site Chosun, Yeon reiterated that the South Korean Finance Ministry has no plans to ban or restrict cryptocurrencies within the country, adding: “Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and as such, the ministry will take a cautious approach in regulating the cryptocurrency market. For negative use cases of cryptocurrencies, the ministry will impose strict regulations.” Source: https://cointelegraph.com/news/s-korean-finance-minister-blockchain-can-revolutionize-the-world |
|
|
|
When I posted my OpEd in DCEBrief, on Jan. 17, 2018 “Bursting Bubbles with Falling Knives! Have we created a Global Casino?” https://dcebrief.com/bursting-bubbles-with-falling-knives-have-we-created-a-global-casino/I had a sneaky suspicion that we could be in for a rough ride. I could not envision that such a breakthrough technology like blockchain and digital currency could be so easily hijacked by so many bad actors and never-ending stream of speculators. And so, I wrote, “To be fair, there’s reason to believe that some segments within the industry may collapse. Not in the way that Mt. Gox fell from its lofty heights, mind you - but that won’t make the collapse any easier to stomach. The problem is that the current environment does seem at times like nothing more than a giant casino. That’s a danger that we need to recognize and move to counter if digital currency is to ever realize its true potential for creating positive change in the world.”In a highly speculative environment, it is important to maintain a balance portfolio that is over weighted with quality long term investments. Speculative situations should be kept to a minimum. Do your homework – know the project and the team behind it. Don’t just count on good luck to get rich quick. “Good luck” is not dependable. Focus on a few that will survive the test of time and still significantly undervalued. You need to be your own judge, as I do not make recommendations. |
|
|
|
So is there any progress or release date expected for the Dnotes 2.0?
Good morning, veso86. We are making great progress with DNotes 2.0 development. I am typically being briefed a few times each week and very pleased with everything that I have been seeing. Geneca and our team have been doing some amazing work. We are comfortable with the target launch date of March 18, 2018. As I mentioned before, this is a on going multi-year program. DNotes 2.0 is only the beginning. |
|
|
|
Dnotes Team, Thank you for all for your words of encouragement!!! Dnotes was brought to my attention by my brother and we are very smart with our money and have spread it around just like you suggested in many types of investments throughout my 50 years of life.  That's right 50 years young, anyway I was excited with what he showed me and have done some homework and will look at all that you have suggested. Your hard work and commitment to the Dnotes company is what drew me in. I am in for the long run and will continue to spread the word about what you have accomplished. Many people in my family have now opened a vault and have a little nest egg for the future. Thank you for everything and I will take your advise and "Ride the Wave!!!!" Something my brother has been telling me since he introduced Dnotes and the Cryptocurrency world to me. Thanks for sharing, Chezzz. It is inspiring to have supporters like you and your brother recognize the DNotes difference. Our team has been working very hard over the last four years to help DNotes realize its vision. We are looking forward to a very exciting year. |
|
|
|
Dnotes,
With BTC dropping fast, what kind of uplifting advice can you give the new people (doing this for the first time) wanting to hurry and get out? I know you are putting together training for the stay at home parents (Cryptomoms) who want to invest in crypto and all i'm hearing is I will never do that because of what we are seeing today. It could rebound and we all know this, but is something like this part of your training in the new Dnotes 2.0?
How about this: You haven't lost anything until you sell. Really. What goes down comes back up in this market, only a matter of time. This dip has happened every January since at least 2014. Lots of forces making it seem worse this year, it's the "FFF" factor; "Futures, FUD & Fools" Hang in there...  Great advice, RJF. You have been around in our industry for a long time and have literally seen it all. That said, I have these to add: A major price correction after a huge run up is not a surprise. I am, however, very concern about the cumulative effect of many self-inflicted wounds caused by bad actors, as well as the reckless disregard of sound investment practices, and the recognition of existing legal and regulatory frameworks. The ICO gone wild craze will cost the industry dearly, as reflected in the increasing number of law enforcement actions. There is also the fear that Tether (USDT) may not have lived up to its claim of a 1:1 reserve. There is no good advice for those who are already 100% invested. This industry has been behaving very differently, as I mentioned in a recent article – with a casino gambling mentality: https://dcebrief.com/bursting-bubbles-with-falling-knives-have-we-created-a-global-casino/If I must guess, I would bet that we have yet to see the bottom. But who knows for sure. For those who are just getting started, it is important to do your home. Traditional VCs place high value on the team and their track records that are proven and verifiable. Those are good guiding principles. DNotes will be celebrating its 4th anniversary on February 18th. We have been totally committed to our vision of building a trusted digital currency accessible to everyone worldwide. It has been a very consistent message of inclusiveness for the benefits of everyone as we strive to gain mass acceptance of DNotes in global commerce. It is our belief that to be the innovator and technology leader we must keep the needs of our stakeholders, consumers, and society in mind. We must be purposeful in our missions utilizing our expanding ecosystems to educate the general population, create innovative products and services, and respect existing laws that are applicable to our industry. With that in mind, the current industry turmoil could benefit DNotes over the long-term. I've gotten zinged some by the current market downturn. The part that really annoys me is the way in which the entire asset class moves in sync (mostly, there are a few exceptions here and there). If Bitcoin falls, so does everything else. If Bitcoin rises, ditto. It's lovely when Bitcoin is on the rise because often, the alts you hold will rise even higher, and then your gains can be exponential. But then when Bitcoin drops, and everything else with it, it's like the rapidly shrinking net worth. It's very difficult to work with, especially if you happen to need some cash during the contracting phase. A coin that can continue to hold steady or even rise while the rest of the crypto asset class is falling would get attention, especially if it managed to do that more than once. I'm pretty happy to have coins that don't fall *as much,* such as DMD Diamond. But will DNotes be the coin that stands on its own and even rises when there's blood in the streets? I think it has a pretty decent chance. I understand the frustration, wiser. Our industry has the tendency of pilling on both extremes - both high and low. Over the long-term good coins will do well. I have no doubt that DNotes will do very well. |
|
|
|
That really is a fantastic topic however answering it is slightly different to what people think it is. What you really need to understand in such scenarios is banking risks in the case of sovereign defaults which is a topic almost everyone gets incorrect. Including the big boys, I will do it perhaps next week. It's a fascinating topic, very technical however.
Excellent, I can't wait to read that. I can imagine that it will be very technical with many interrelated components affecting one another and spread very quickly. In such scenarios, it would become a global financial crisis we have never seen before. Our attempt to mitigate a financial crisis of such magnitude using currently available tools as "back-stop" will not likely to be sufficient or effective. There is a great argument to be made that a trusted global digital currency, sufficiently stable and well integrated with its banking and global payment network systems will become immensely valuable to society in the event of such a financial crisis. This is within the scope of DNotes long-term vision and a vital part of our strategic positioning. We just have to supplement fiat currency, not replace it. And we could be the banks best friends. Yeah its a topic that can go to the core of society itself. My only fear is the length of an article on that subject, it would minimum be 8-10 pages for me to go through and explain everything and all the inter-related topics and how they relate to each other. However it will be extremely instructive as well. It could make sense to break it down to a series of two to three articles. Perhaps one covering the traditional banking, credit/debit card and financial systems, the roles of the Central bank, etc. ... strength, weaknesses, threats, pros and cons. The second article could cover the roles of Bitcoin and other digital currencies in helping to mitigate and prevent "a sudden halt" in economic activities in the event of a major global financial crisis. One section will need to explain about blockchain technologies and smart contracts as the relate to global commerce, payment and settle, and Letter of Credit facilities. Another section could cover consumers - never to lose their entire life savings.... Yes, it can get quite complex and lengthy. If it can be done in a fair, objective, and unbiased manner it could be a uniting force to help more people of influence to work together for the good of society. It is always a good thing to have a back-up. In this case, having a digital currency to supplement fiat currencies can be invaluable. That digital currency must be built from ground up with that purpose in mind. |
|
|
|
Hey DNotes,
I wanted to bring to your attention couple projects that I think could be helpful in the future.
You might already know about this one -- Polymath Network. I'm not sure what your exact plans are for the upcoming IPO, but maybe you could use their technology to create security tokens. They've been blowing up recently and the publicity for DNotes wouldn't hurt either.
Also,
Cardstack. This one is still very young, but I think what they're doing goes along very well with DNotes' approach of making the crypto accessible and easy to understand.
Hope this helps.
Looking forward to the launch.
Hey IvaneCibe, thank you very much. I will check them out, when I have a little more time. We always appreciate ideas and feedback from our community. One of NextGen VC roles could very well be to help some of the great projects in our industry the are stumbling for various reasons. One small correction to avoid confusion. Our funding program is a reg. A+ Mini-IPO and not the traditional "IPO". That could come a few years later as DNotes Global expands. It is our plan to allocate as much as 50% of the proceeds for NextGen VC to invest in highly selected companies and projects. Edited - Updated: It appears that Polymath Network's funding was limited to accredited investors. It is not an "ICO". Since they already have a huge network they have a very good chance of succeeding. In my opinion, their vision of providing a legal platform for others to offer the sale of securities that are in compliance with the SEC rules as registered or exempt securities are not achievable, unless those offerings are limited to accredited investors. For example with Reg D 506 (c) filing, there is no upper limit to the amount of money that can be raised from accredited investors worldwide. They can use a token for the offering and only make them available to retail investors after being listed on an exchange. DNotes is taking a different approach. We will be using Reg. D 506 (c) to raise up to $2.5 million to fund our A+ Mini-IPO Title IV Tire 2 to raise up to $50 million from accredited and non-accredited investors worldwide. We will be using DNotes Global, Inc. common stock shares instead of issuing another coin. Our approach is significantly more complex, costly, and time consuming. It has already been keeping me very busy. In view of our future plans, I have no doubt that this is the right approach. I was not able to track down "Cardstack" based on the limited time I had. Can you post a link. Thanks. |
|
|
|
That really is a fantastic topic however answering it is slightly different to what people think it is. What you really need to understand in such scenarios is banking risks in the case of sovereign defaults which is a topic almost everyone gets incorrect. Including the big boys, I will do it perhaps next week. It's a fascinating topic, very technical however.
Excellent, I can't wait to read that. I can imagine that it will be very technical with many interrelated components affecting one another and spread very quickly. In such scenarios, it would become a global financial crisis we have never seen before. Our attempt to mitigate a financial crisis of such magnitude using currently available tools as "back-stop" will not likely to be sufficient or effective. There is a great argument to be made that a trusted global digital currency, sufficiently stable and well integrated with its banking and global payment network systems will become immensely valuable to society in the event of such a financial crisis. This is within the scope of DNotes long-term vision and a vital part of our strategic positioning. We just have to supplement fiat currency, not replace it. And we could be the banks best friends. |
|
|
|
Daniel, the article you have written is excellent, and makes some very good points. I'm looking very forward to reading your upcoming articles.
Thank you! I try to make them as readable to the average person as possible. I hope I can improve writing on these topics and have them be even more engaging for the readers. If anyone has any questions or suggestions for articles please let me know. Welcome Daniel, thanks for joining us on the forum! I will give it some thought and see if I can come up with any suggestions for you. Great work on the articles so far. Hi Daniel, I am glad that you can pay us a visit. Hope you can join us often. I always enjoyed reading your articles. Thank you for your great contributions. There is one subject matter that I had wanted to write about but don’t have the time to think through it and do the necessary research to support my case. I think you could do a better job than I would. In July 2015, I wrote about the near collapse of Greece financial system: “Small business owners unable to pay suppliers risk losing their business. Importers dependent on letter of credit facilities face an immediate halt to trading. Just like its citizens, the Greek government must also pay its bills. Its inability to do so could mean the reintroduction of a much-devalued currency like the drachma, and there has been talk of creating their own digital currency.” https://www.advfn.com/news_Grexit-Digital-Currency-Long-Term-Solution-Co-Fou_67594907.htmlWell, somehow, they survived but continue to struggle. But what if a few countries ended up in total collapse of their financial systems simultaneously – a sudden halt to all economic activities. How invaluable would it be to have a truly global stable digital currency in preventing a sudden halt in global commerce? I am sure you can expand on that. One day DNotes can indeed be that digital currency. In the mean, we must continue to do the right things and build a solid foundation. |
|
|
|
Dnotes,
With BTC dropping fast, what kind of uplifting advice can you give the new people (doing this for the first time) wanting to hurry and get out? I know you are putting together training for the stay at home parents (Cryptomoms) who want to invest in crypto and all i'm hearing is I will never do that because of what we are seeing today. It could rebound and we all know this, but is something like this part of your training in the new Dnotes 2.0?
How about this: You haven't lost anything until you sell. Really. What goes down comes back up in this market, only a matter of time. This dip has happened every January since at least 2014. Lots of forces making it seem worse this year, it's the "FFF" factor; "Futures, FUD & Fools" Hang in there... Great advice, RJF. You have been around in our industry for a long time and have literally seen it all. That said, I have these to add: A major price correction after a huge run up is not a surprise. I am, however, very concern about the cumulative effect of many self-inflicted wounds caused by bad actors, as well as the reckless disregard of sound investment practices, and the recognition of existing legal and regulatory frameworks. The ICO gone wild craze will cost the industry dearly, as reflected in the increasing number of law enforcement actions. There is also the fear that Tether (USDT) may not have lived up to its claim of a 1:1 reserve. There is no good advice for those who are already 100% invested. This industry has been behaving very differently, as I mentioned in a recent article – with a casino gambling mentality: https://dcebrief.com/bursting-bubbles-with-falling-knives-have-we-created-a-global-casino/If I must guess, I would bet that we have yet to see the bottom. But who knows for sure. For those who are just getting started, it is important to do your home. Traditional VCs place high value on the team and their track records that are proven and verifiable. Those are good guiding principles. DNotes will be celebrating its 4th anniversary on February 18th. We have been totally committed to our vision of building a trusted digital currency accessible to everyone worldwide. It has been a very consistent message of inclusiveness for the benefits of everyone as we strive to gain mass acceptance of DNotes in global commerce. It is our belief that to be the innovator and technology leader we must keep the needs of our stakeholders, consumers, and society in mind. We must be purposeful in our missions utilizing our expanding ecosystems to educate the general population, create innovative products and services, and respect existing laws that are applicable to our industry. With that in mind, the current industry turmoil could benefit DNotes over the long-term. |
|
|
|
Thank you, Daniel, for another thought provoking article. We have never experienced any technology revolution that is such far-reaching and disruptive as Bitcoin and the underpinning blockchain technologies. Admittedly, it is also significantly more complex for most people to understand without devoting a great deal of time to research and think through it. Any country that can appreciate the immense potential and proceed to create the most favorable regulatory environment to help the industry to flourish will quickly enjoy great economic growth. This is a generational opportunity. For that reason, I hope that we “don't throw the baby out with the bathwater.” |
|
|
|
Thank you for sharing the link. There are certainly opportunities for DNotes to excel where Bitcoin has been failing. We have been positioning DNotes, since day one, to identify all the potential pitfalls that our industry must overcome before mass acceptance of digital currency in global commerce can become a reality. It takes a lot of patience and demanding work to do the right thing at the right time. We are getting a lot closer to be a significant player in our industry. Once we started gaining sustained momentum - our unique vision, business model, and strategic executions will become more obvious and easier to understand. DNotes is firmly committed to building a trusted brand, an inclusiveness for everyone, purposeful missions in each of our expanding ecosystem, a unified culture to accomplish common goals, and a best in class mindset in leadership, technology, and everything that we pledged to support. However, we are mindful that Bitcoin is well entrenched with great name recognition. Bitcoin will be around for a long time. DNotes’ mid-term goal is to supplement Bitcoin short-falls, as well as that of fiat currencies. That itself is a gigantic undertaking. It will take us years to get there. |
|
|
|
A few questions to clarify a bit more. "2% is the target for the whole network. A target of 2% of total coins will be released as staking reward every year."
This 2% is based on coins in existence? So, approximately 131,300,000 (today) x .02 = 2,626,000 per year/total reward? Which is also the total inflation (plus CRISP rewards)?
From what I understand, this is a little less than what miners are getting right now? (Not necessarily a bad thing)
Do you feel this percentage is enough incentive for people to stake and secure the network?
I've read other coins are up to 10%. Different inflation model, but just curious your thoughts.
From what I read earlier, there will be no master nodes?
With the deferred/cold staking, could it be possible to do this from a mobile device?
Can we use our CRISP to stake with?
What are the terms for CRISP or penalties for withdraw from CRISP?
I think I know the answers to most of these, but I thought a little clarification would be good.
"This 2% is based on coins in existence? So, approximately 131,300,000 (today) x .02 = 2,626,000 per year/total reward? Which is also the total inflation (plus CRISP rewards)?" Roughly speaking, yes. For inflation, yes, and would need to include CRISP. "From what I understand, this is a little less than what miners are getting right now? (Not necessarily a bad thing)" Correct, miners receive about 1,000,000 a month now. With 130,000,000 in distribution, the maximum reward, with everyone participating in every program to the fullest, it would be a bit less at around 900,000 initially. "Do you feel this percentage is enough incentive for people to stake and secure the network?" & "I've read other coins are up to 10%. Different inflation model, but just curious your thoughts." Yes! Especially when considering the less people that participate in staking, the higher the yield for the user. "From what I read earlier, there will be no master nodes? " Correct, initially, but that doesn't mean we won't ever have a master node or master node like concept to perform other functions. "With the deferred/cold staking, could it be possible to do this from a mobile device?" Not sure I understand the question correctly, but it's all possible, just may not be practical. "Can we use our CRISP to stake with? " The same coins will be available for staking as well as CRISP simultaneously. There may be some guidelines to follow to do this properly, and consequently a compounded long term scaling issue to address, but the short answer is yes. We are working to make it as seamless and the least technologically burdensome process possible given the requirements. "What are the terms for CRISP or penalties for withdraw from CRISP?" No penalties to speak of. If the coins are in the wallet, and have remained in the wallet for the required amount of time, you will receive the appropriate reward. 30 day and 365 day periods. Thank you for the answers and clarity. How exciting. All those above mentioned are great benefits for DNotes currency holders. Just another part of the overall picture that will have DNotes noticed coming soon. What I'm asking about the mobile staking is; From what I understand, we'll be able to stake from a wallet on our PC that holds no coins (QT or different version). It'll be connected to the vault. In order to stake though, we'll need to run this wallet on our PC full time (if we wanted the full rewards). This sometimes isn't always practical. Could this type of wallet be used on a mobile platform that is pretty much online the whole time? Yes, mobile devices would certainly be capable of storing the blockchain and running a staking full node. There are certain considerations we will have to look into to create a high efficiency and light weight version for mobile devices. Thank you Dan, for helping us to clarify our staking reward and CRISP reward. Together with the services DNotesVault is providing, this will indeed be one of the most valuable features available in our industry. We believe that it will be very beneficial to long-term investors. Ultimately, it will gain the support and participation of fund managers. We always believe in doing the right thing, even though it is often harder and takes longer to get there. |
|
|
|
Dnotes Team,
I have been researching Crypto currencies for over a month now, and would like to thank you for always being in the forum and updating us on your project. With all of the scams that i have discovered I was beginning to lose hope for this type of currency and was going to stop this venture and move on with my life, but you have given me hope that there is a true team out there with a vision and I am all in. I have my Vault and have my share of Dnotes and ready for the launch in March. Good luck with all that you are doing and I hope one day we are seeing Dnotes signs up at Walmart, Malls, Amazon Websites, etc. That a credit card is developed so we can spend our Dnotes at those stores. That our vaults are connected to our bank accounts so we can use Dnotes to pay off our loans and such. I don't believe that there is enough BTC out there to accomplish that mission world wide. They can start it, but will not be what carries this Cryto Currency life forward. I believe it to be Dnotes. I like the vision you have for this company. Can't wait!!!! Thank you and keep up the great work!!!! We all appreciate your updates.
Welcome to DNotes, The Chezzz. That must have been quite an experience. It reminded me of my first few weeks of research towards the end of 2013. At one point I was about to take a pass. Good thing I approached it a little differently. "If it is important enough and you don't like it - change it." That should explain why DNotes is built so differently. We are beginning to gain some serious respect. Thanks for your support and confidence in us. Yes, certainly. One of our core missions is to provide the facilities and platform for DNotes stakeholders to conveniently use DNotes as a form of payment at nearly zero cost. We also want to help build an environment where a large percentage of the payments will be between two parties without the participation of a third party. DNotes ecosystem will always be there as the alternative when needed, and charges a reasonable fees. |
|
|
|
One of the many problems I see with regulators and anyone they listen to, is a huge lack of subject knowledge resulting in an inability to distinguish between cryptocurrency and ICOs (among other things). They make a broad based statement on cryptocurrency, when the 'wrongdoing' they are talking about is ICO specific. The report (linked in the article) covers warnings made by the SEC and the CFTC. The warnings start out quite ICO specific and also target the "Blockchains-R-Us" companies that have done nothing but attach blockchain to their name (or some similar action), but then it appears they think cryptocurrency functions the same way. Bad Advice and Blockchain-R-US: Stern Warnings from the SEC and CFTC Chairmen on Unregistered ICOs, Cashing In on “Crypto-Mania” - https://www.jdsupra.com/legalnews/bad-advice-and-blockchain-r-us-stern-30337/The article’s comments on the recent surge in Bitcoin’s price indicate a greater confidence from both regulators that
the public is treating Bitcoin as an investment and that stronger investor protections should be seriously considered.
The authors noted that:
• The largest cryptocurrency exchanges are offshore, unregulated by SEC/CFTC
• Cryptocurrencies lack “governance standards, accountability, and oversight”
• The pretense of Bitcoin as a payment vehicle has dissolved, and
• Bitcoin and other cryptocurrencies are now viewed as “investor assets”
Clayton and Giancarlo concluded that investor expectations are clear – the public purchases Bitcoin and other
cryptocurrencies seeking a profit. This is important because an expectation of profit is one key factor of the Howey
test, used by the SEC to identify securities under its jurisdiction.10 This Op-Ed makes clear that both these
Chairmen (and their respective Commissions) believe they have the legal authority and mandate to pursue more
protections for consumers in the cryptocurrency market. As such, market participants should expect continued
enforcement activity and scrutiny from both the SEC and CFTC.The problem with trying to link the Howey test to cryptocurrency is, unless the development team sold the coins directly to the investor, half of the Howey Test criteria is missing. 1.It is an investment of money
2.There is an expectation of profits from the investment
3. The investment of money is in a common enterprise
"Most federal courts define a common enterprise as one that is horizontal, meaning that investors pool their money or assets together to invest in a project." - This fits the ICO funding model only.
4. Any profit comes from the efforts of a promoter or third party - This is one that really distinguishes cyptocurrency from ICO's. "The final factor of the Howey Test concerns whether any profit that comes from the investment is largely or wholly outside of the investor's control. If so, then the investment might be a security. If, however, the investor's own actions largely dictate whether an investment will be profitable, then that investment is probably not a security."http://consumer.findlaw.com/securities-law/what-is-the-howey-test.htmlWith an ICO, large sums of money are handed over to a business/project and the token holder has no say or role to play in building the business. Cryptocurrency couldn't be further from this. Honest cryptocurrencies are built by the communities that believe they will be making a difference in the world. There are so many community members and people behind the scenes that have contributed to projects like DNotes, the investors absolutely have a role in its success. As far as the expectation of profit goes... Of course we would like to profit, because we worked for it.  Chase, thank you very much for a very comprehensive post. It is frustrating that inaccurate and misleading information concerning ICOs and the SEC rules governing the sale of securities continue to propagate the news media. I am also personally experiencing an elevated level of frustration in finding professionals in the legal, accounting, auditing, and business fields that understand their field of specialty plus a general understanding of our industry. I have yet to come up with a perfect choice. I have been working on our funding programs with a Reg. D 506 (c) followed by a Reg. A+ Mini-IPO Title IV Tier 2 to raise a maximum of $50 million from accredited and non-accredited investors worldwide. Although it has been turning out to be more challenging in picking the right team, than originally anticipated, there is no doubt in my mind that we have selected the right approach – in fact the best option available for capital formation. Back to the general subject of ICO, I believe that the SEC enforcement efforts will continue to intensify. The primary issues are the sale of unregistered or exempt securities under the SEC rules. I do not envision any problems concerning the trading of digital currency through an exchange, irrespective of whether the exchange has a local license. Most countries and states do not have an existing law upon which a license can be issued. However, in a State, such as New York, that has a licensing requirement (BitLicense) it is illegal for an exchange to operate or do business with its residents without a license. Therefore, acquiring DNotes, using an exchange like Cryptopia is not an issue of concern. |
|
|
|
Great work Alan. You've accomplished more with The Four Pillars of Business Success than a good majority of the hundreds of cryptocurrencies/ICO tokens with 100+ million dollar market caps have done. The information contained in this video series, book, and website is extremely useful to entrepreneurs and will go on to serve them for decades to come. If the work you have done here doesn't demonstrate your commitment to the success of DNotes, then I don't know what does. It's hard to find that kind of leadership in this industry, largely in part because it's so easy for the leaders/founders to take the money and run, or be half ass committed to multiple 'smoke and mirror' schemes they have in the works. Thank you, Brandon. I consider it a privilege to have gained such rich experience in this rough-tough world of business and now able to share with others so that they too can benefit from greater business success. This is something I am very passionate about and trust that it will also contribute to the overall success of DNotes as well. It is less of a hard work when one loves what he does. Not an easy thing to keep up but I am loving it. Don't forget, we have some exciting dates coming up: February 18, 2018 - DNotes 4th Birthday. March 18, 2018 - DNotes 2.0 Target Launch date As Joe reported earlier, we are extremely pleased with the progress our team has been making in partnership with Geneca. We are even more confident today, than we have ever been, that DNotes will be a technology leader in our industry. We are looking forward to a very exciting year. |
|
|
|
Thanks for the great reporting, Ken. I would have missed this one if not for DCEBrief. It has been a week of Bitcoin and cryptocurrency trashing based on "alternative facts" or plain knowledge deficit. It can get a little annoying. On the other hand, I believe that it is healthy to objectively point out deficiencies and room for improvement, so typical of emerging technologies at their early stages of development. Though we may wish that things are better, I respect Riskbank Deputy's opinion that we still have many challenges to over come. At DNotes, we recognize those remaining challenges, and working hard to address them. Read more: Skingsley offered that assessment during a panel discussion on Thursday, and suggested that digital currencies don’t currently “meet the criteria” required for them to be considered as money:
"They can be called an asset, fine, but they are not a very good version of money because it's not a very stable store of value where they fluctuate a lot. And it's not a very efficient medium of exchange because you don't buy your groceries with bitcoin."
She did, however, acknowledge that demand for alternatives to cash has been growing in her country, and said that the central bank was open to people choosing their preferred payment options – “as long as they are safe and efficient.”
Skingsley also confirmed that the Riksbank is still trying to determine whether it will rely on blockchain technology if it moves forward with its own ekrona digital currency. |
|
|
|
Chapter 15 - The DNotes Story – An Unfolding Big Bold Idea of Global Scale I am happy to announce that phase one of the book project is now 100% completed. This is a significant milestone. It took me over a year to write the book and almost another year to produce the 70 video series with full transcripts and bullet points. I couldn't have done it without the encouragement, editing assistance, feedback, and other support from so many of you. Thank you all very much. |
|
|
|
I really question the whole "World Leaders" part of that statement. They may be seen as "leaders" but I see most of these people as "chair warmers". Regulation is only good if you truly understand what you are regulating. I don't see that from these people at all, I see fear and that is dangerous. We as a group, as crypto users and leaders, need to constantly push our message on why crypto is not a threat to these people if they embrace it. On the other hand, if they fight it, it will only go underground and become a weapon, and an unstoppable one at that. It may be hard to believe that very often people expressing a strong opinion against digital currency don't understand the very basic concept of DLT (Distributed Ledger Technology) operating in a peer-to-peer setup with no single point of failure. It cannot be controlled or destroyed - hence unstoppable. The fascinating thing about this situation is that if they try and make it hardy to access and use, they will bias usage towards those who have no other alternative, which brings in a larger proportion of criminal usage. Then as a result, a large proportion of tools and services supporting its use will also be targeting the most profitable customer base, criminals. So attempting to fight cryptocurrency adoption increases the problem they are trying to avoid. Accepting that a minority of people will use cryptocurrency for criminal activity, in exactly the same way that cash is used, would enable them to focus on how to encourage adoption with systems that favour those who are open about their transactions, such as those that accept cryptocurrency payments in exchange for legitimate goods and services. And there are already strong drivers for the market to develop identity management systems based on blockchain technology. As this becomes available, people are likely to want to bind their identity to blockchain transactions for a variety of benefits. If you can prove it was you who paid for an item that becomes faulty, there's your receipt. If you must have purchased a product before you review it, there's your authentication. If your coffee shop introduces a loyalty card and includes previous purchases by cryptocurrency, there's your reward card with digital holes already punched in it. And if the majority of transactions using cryptocurrency voluntarily link their identities, the remaining transactions are easier to identify, and harder to conceal when they are then used in conjunction with patterns that already have identities. So fostering an environment where cryptocurrency usage for legal products and services is favoured, results in less services focused on meeting criminal requirements, easier detection of suspicious transactions, and a greater ability to connect illegal activities with identifiable transactions. Once this is made clear to our powerful leaders, and they continue on their anti-cryptocurrency path, it will become clear that reducing criminal activity is their justification, not their aim. I don't think too many people would argue against everyone on earth being entitled to monetary autonomy; from those choosing to use cash, crypto, and all the way to digital fiat money. So long as one monetary system's rules or structural design isn't oppressive to those who choose to use an alternative system, there won't be any catastrophic friction to these centralized and decentralized systems becoming a bit more intertwined. That being said, if a nation wishes to completely retain its monetary sovereignty, regain their monetary sovereignty through a domestic cryptocurrency, or only deem certain cryptocurrencies legal tender, they are free to do so. If the will of the people living in a country is for their government to pass rules that their citizens should abide by when dealing in cryptocurrency, their wishes should be respected and outside wills not be imposed on them. I know countries all over the world will either find a way to use cryptocurrencies which suits their needs and is beneficial, or they will fall behind very quickly, as the distinct advantages cryptocurrency offers are exploited by more and more organizations. Even if those organizations may be deemed black market as RJF alluded to. In regard to the need for drafting laws relating only to cyrptocurrency, there are already laws on the books to prosecute 99.9% of crimes that occur involving cryptocurrency/ICOs. Instead of passing any non-essential laws, maybe it's time to develop better tools that enhance a law enforcement officers capability to enforce existing laws. If a cryptocurrency business or similarly styled entity operates within any given legal jurisdiction, it is their responsibility to abide by domestic laws, even if they operate strictly in global currencies. But for those who want to play by their own rules, might I remind you that 64% of earths ocean area is international waters... It will take a little time for things to settle down. Our continued education efforts will help. DNotesEDU will play an important role in that regards and we certainly appreciate your contributions. Hope this will lead to a healthy balance of consumer protection and personal freedom. |
|
|
|
|
Show Posts
