Quote from Brandon today:
"Same here Alan's article re-inspired me. I have a few things on the go and am traveling today, but will also be working on an article for DCEBrief that I've mapped out. If you need another set of eyes to edit/proofread, feel free to email it to me."
Thank you, Brandon. We appreciate your significant contributions to DNotes' success, including an immensely valuable component - DNotesEDU. It greatly expands our mission to help others through education with objective, much needed, and unbiased information. Just imagine what else you could do when DNotes becomes a big success. That is why we want to only focus on a few things at a time to ensure that they become truly successful. Once accomplished, we can leverage our success to do more great things. That is how we can help change the world a little. As I have said many times, we do it "brick by brick or block by block" until we have a solid foundation. And, of course, they are all strategically linked.
That was a part of the discussion I had at Geneca a few days ago. When our full and totally integrated systems is in place, it will enable a lot of things on our wish list to happen seamlessly in a trusted environment. The end users do not need to know the complexities of our back-end infrastructure, the philosophies, algorithm, and support systems behind it. What matters is -"it is simple, convenient, secured, and I trust the the people who build and operate the system". That is one of the biggest problems we are attempting to solve. Yes, it will take us a few years and some massive investment.
I understand Alan, it's easy to get spread too thin when there are so many possibilities on the table. But unfortunately when that route is taken, as opposed to focusing on one task at a time, nothing usually gets completed to a satisfactory degree. This is speaking from my personal experience. I want to assure everyone that DNotesEDU is my top priority, bar none. Excellent, Brandon. We appreciate the great work you guys are doing at DNotesEDU. I strongly encourage anyone interested in helping DNotesEDU to reach out to Brandon. Thank you for the support Alan, unfortunately we are not looking for new volunteers at this time. If we think someone will be a valuable asset to our long term goals, we will reach out to them personally. Looking forward to the relaunch of DNotesEDU, the preview you sent over is excellent! As I understand, the primary mission is financial education and literacy and how it relates to digital currency, do you plan to expand into other aspects of education related to digital currency or keep it more focused? I can tell you there will definitely be more digital currency educational material, but I have been sworn to secrecy on the rest. lol One of Alan's posts mentioned a 20 hour workday... I understand completely!! Have a great weekend everyone!  You guys are doing a fantastic job. I am on my way to the farm where we have our recording studio. I am committed to finishing the remaining video series for the book project - 70 + videos. That project will be 100% completed by the end of January. That itself is quite an accomplishment. My thanks to all of you who have given me the encouragement, inspiration, and support to make it possible. I trust that it will go a long way to help entrepreneurs and startups to gain better success in business. It is all based on the philosophy of inclusiveness and succeeding together. That is what DNotes is about. Good luck and thanks. |
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Quote from Brandon today:
"Same here Alan's article re-inspired me. I have a few things on the go and am traveling today, but will also be working on an article for DCEBrief that I've mapped out. If you need another set of eyes to edit/proofread, feel free to email it to me."
Thank you, Brandon. We appreciate your significant contributions to DNotes' success, including an immensely valuable component - DNotesEDU. It greatly expands our mission to help others through education with objective, much needed, and unbiased information. Just imagine what else you could do when DNotes becomes a big success. That is why we want to only focus on a few things at a time to ensure that they become truly successful. Once accomplished, we can leverage our success to do more great things. That is how we can help change the world a little. As I have said many times, we do it "brick by brick or block by block" until we have a solid foundation. And, of course, they are all strategically linked.
That was a part of the discussion I had at Geneca a few days ago. When our full and totally integrated systems is in place, it will enable a lot of things on our wish list to happen seamlessly in a trusted environment. The end users do not need to know the complexities of our back-end infrastructure, the philosophies, algorithm, and support systems behind it. What matters is -"it is simple, convenient, secured, and I trust the the people who build and operate the system". That is one of the biggest problems we are attempting to solve. Yes, it will take us a few years and some massive investment.
I understand Alan, it's easy to get spread too thin when there are so many possibilities on the table. But unfortunately when that route is taken, as opposed to focusing on one task at a time, nothing usually gets completed to a satisfactory degree. This is speaking from my personal experience. I want to assure everyone that DNotesEDU is my top priority, bar none. Excellent, Brandon. We appreciate the great work you guys are doing at DNotesEDU. I strongly encourage anyone interested in helping DNotesEDU to reach out to Brandon. |
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Quote from Brandon today:
"Same here Alan's article re-inspired me. I have a few things on the go and am traveling today, but will also be working on an article for DCEBrief that I've mapped out. If you need another set of eyes to edit/proofread, feel free to email it to me."
Thank you, Brandon. We appreciate your significant contributions to DNotes' success, including an immensely valuable component - DNotesEDU. It greatly expands our mission to help others through education with objective, much needed, and unbiased information. Just imagine what else you could do when DNotes becomes a big success. That is why we want to only focus on a few things at a time to ensure that they become truly successful. Once accomplished, we can leverage our success to do more great things. That is how we can help change the world a little. As I have said many times, we do it "brick by brick or block by block" until we have a solid foundation. And, of course, they are all strategically linked.
That was a part of the discussion I had at Geneca a few days ago. When our full and totally integrated systems is in place, it will enable a lot of things on our wish list to happen seamlessly in a trusted environment. The end users do not need to know the complexities of our back-end infrastructure, the philosophies, algorithm, and support systems behind it. What matters is -"it is simple, convenient, secured, and I trust the the people who build and operate the system". That is one of the biggest problems we are attempting to solve. Yes, it will take us a few years and some massive investment.
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Quote From TeeGee today:
"I also really enjoyed the article. I'm trying to hash out another one that I think will also be very 'heavy hitting' right now, hopefully have it ready for release within 24 hours. 2:30am grind."
That is great, Tim. Thank you. I understand. We have been putting in insane hours. Yesterday, I got up at 5 am. and went on practically non-stop till I finally went to bed at 1 am this morning. Being passionate in doing things that you truly love is the inspiration and driver. It also helps if it has a purpose worthy of your commitment and contribution. I think we got it here and it is well worth our efforts. We love to see more people joining force with us.
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Visa CEO Says Company Will Not Process Crypto Payments, which is something more than normal, and one day Visa may change its mind except one day when countries recognize that digital or digital currency is strong enough for people to spend. Thanks for participating, akamy789. I believe that you are correct. One day many nations will recognize and accept digital currency by the popular demand of their citizens. When there is a strong demand to spend and use digital currency as a medium of exchange, that will mark the beginning of mass acceptance of digital currency in global commerce. Meanwhile, there are many hurdles to over come, and problems to solve. We understand all that and have positioned DNotes accordingly to be the solutions to those problems and challenges.That is the DNotes difference. |
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I had a couple thoughts on this article. 1. I think a big concern in our industry is that people all too often find themselves gambling unintentionally. For example, you do some amount of due diligence on the next ICO. It checks out as far as you can tell and you like the idea so you buy in. Then it turns out the people running the ICO were unscrupulous and in some way made off with the funds and did not develop the concept as promised. In that situation what looked like an "investment" instead was a losing gamble. I don't have a problem with those who day trade or whatever and know they're essentially betting on the market losing. That's part of the game. But it's really sad when people intend to make a real investment but they lose out on what was actually a gamble. 2. When a project (with or without an ICO) has solid fundamentals, then people can be a winner at just about any stage in the market. For example, recently the price of NEM went up to over two dollars. Many say it can go much higher though it has cooled off substantially in the most recent correction. For someone who bought into NEM very early, like when it was worth less than one cent, it would be totally rational for them to have sold around $2 and enjoy their profits. Even if the price were to go to $10 shortly after they've still made a profit. At the same time, the new investor who bought NEM at $2 from that guy chooses to hold it now and he doesn't sell until it reaches $10, then he also enjoys a great return. If the coin wasn't such a good one, that would be a risky pyramid type scheme, but since the coin is actually growing in a recognizable way (infrastructure, exposure, etc.) the gains of both investors are solid and real and the new investors buying in at a later point still have potential for good solid gains. In other words, as long as the coin has good fundamentals, buying at one price and selling at a higher price is not about hoping you can find a bigger sucker than you. There's room on the table for lots of people to be winners. 3. I've said this before but I hardly ever pay attention to what the MSM is saying about cryptocurrency for the simple reason that those reporters (along with probably 99% of the world at large that knows anything about cryptocurrency) hardly ever get past the buy low-sell high mentality. In my mind there is so much more to the industry than buy low/sell high that to report on the industry as if that were all there is to it is akin to describing a mountain range as a series of two-dimensional shapes. Sure, maybe technically accurate, but you miss so much in the translation. I'm honestly a lousy trader in the sense that very often I sell something for much lower than I bought it for. Analyzing my trades is actually quite depressing because I've sold way more than I've bought. However, I've been very successful in this industry because I've been able to leverage the fact that the industry is so much more than buying low and selling high. I've networked, earned, bought into stuff based on relationships I've established, and it's worked out for me. I wish more people understood that buy low/sell high is only the tip of the iceberg for a very interesting and fun as well as profitable industry. I think it would be especially helpful if regulators understood that part too. 4. Alan, I think part of the issue with ICOs is that they kind of take advantage of the buy low/sell high is all there is to quick riches mentality. As long as people think that's all there is to it, then they tend to make decisions based on very shallow parameters rather than something more solid. But I'm not finding the right words to describe this part. It goes without saying but I'm very happy to have encountered DNotes and be along for the ride as it charts its own more solid course that in the future many will follow. Thank you Wiser for sharing your thought on the article. You are one of a few in our industry who can objectively analyze each situation and make many good calls. No one is right 100% of the time, but the fact that you would spend time to research and decide whether the investment is worthy of your hard-earned dollars improves your odds of being correct. I have a lot of respect for that. I know that you often earn some coins as “sweat equity” by contributing your talents. Using “sweat equity” to earn and learn is a great idea, especially for those with good skill-sets and like to develop a relationship – learn and earn at the same time. We encourage that at DNotes. The article is intended to send multiple messages to various groups with the good intention of getting some of them to pause and think – somewhat more aggressive and thought provoking than my normal style. Unfortunately, I fear that our industry is trending in the direction of anything but normal. I would characterize the situation as one of extreme risk, for investors who just jump in to make a bet with very little knowledge of the industry or its technology, and no strategy. The truth of the matter is that we are swimming among many sharks every day. It is easy to get hurt, though it may be just “gambling unintentionally”. We encourage long-term investment but totally understand that a balanced strategy of cashing in to lock in some of the profit after significant appreciation is not a bad idea. It is a widespread practice among professionals in the world of stock and bond investment. So is day trading. It helps to provide liquidity. I remember that at the time when DNotes was launched in early 2014 many were very critical of any pre-mined even though they were mostly given away or used as reward for promotion or development. They were never sold for money. Because of the sensitive issue, I bought every single DNotes that I own today through the exchange. In fact, I purchased a few millions more and gave them away. I agree with you that “part of the issue with ICOs is that they kind of take advantage of the buy low/sell high that is all there to quick riches mentality”. By pre-mining a large block and keep most of them for themselves and their advisers and at the same sell the rest for money for their own keep, without much out-rage the ICO common practice today is quite a change of mentality. Perhaps, it is easy to turn a blind eye when there is a chance to participate in some ways with the hope of getting rich. This certainly cultivate unintentional gambling, creating an environment more like a global casino. Many will go home with empty pockets but soon come back once again with more hard-earned money to make another bet. Wiser, thanks for you continued support and confidence in DNotes. It is the support and encouragement of our community that inspired us to give it all we got to ensure great success for DNotes. |
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Maybe Mastercard or Amex can figure out a way capitalize on the opportunities cryptocurrency offers, like expanding their market size. Or maybe they're just waiting for a cryptocurrency that is more conducive to their business needs... A currency who has had those needs in mind since the beginning... A cryptocurrency like DNotes 2.0 The history is on bitcointalk for everyone to verify, DNotes has maintained a consistent path since inception while still rapidly adapting to all challenges the industry and outside forces have presented. Although it may be buried under hundreds and hundreds of pages, people will look back and understand that DNotes was a thought leader in this industry right from launch. You are correct, Brandon. That is why our road-map looks quite different from others. Check it out at our OP. We are very disciplined and focused in doing the right thing at the right time. When Tim mentioned, in his recent podcast, "500 years in the future", there is some truth behind that. We look very far into the future so that generations from now they won't blame the DNotes' founders for just being just a bunch of daylilies farmers and did not know any better. Lol. (We helped founded Smokeys Gardens:https://smokeysgardens.com/). |
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Thank you, Tim. You did an exceptional job representing the voice of DNotes. You have all the hallmarks of a rising start. Congratulations for a job well done! |
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From Crowdfunding Insider: Don’t Mess with Texas: Securities Regulators Issue C&D to UK Based Cryptocurrency Exchange BitConnect & Planned ICOJanuary 6, 2018 @ 12:46 pm By JD Alois The Texas State Securities Board has issued an Emergency Cease and Desist Order targeting BiConnect, a UK based cryptocurrency exchange. BitConnect is planning a new initial coin offering (ICO)later this month and Texas is stating the tokens are unregistered securities. The Texas regulators say BitConnect has placed 9.4 million of the coins into the online cryptocurrency marketplace, representing a market value of $4.1 billion as of Jan. 3 and expects to issue a maximum of 28 million coins. Read more: https://www.crowdfundinsider.com/2018/01/126736-dont-mess-texas-securities-regulators-issue-cd-uk-based-cryptocurrency-exchange-bitconnect-planned-ico/This didn't end well: Now that’s a crypto crash: BitConnect Coin dives 90% as company shuts exchange - https://www.marketwatch.com/story/now-thats-a-crypto-crash-bitconnect-coin-dives-90-as-company-shuts-exchange-2018-01-17?siteid=yhoof2&yptr=yahooFrom a marketcap of $3 billion in late December to $100 million yesterday, this may come as no surprise to many of us, but I bet it has scared a lot of its investors away from crypto for good. Judging by what is going on in the markets, it appears that everything is getting indiscriminately dumped, not just the ones that are severely over-inflated. Add to that bitcoin's price correction and it makes for a very nervous market. What the industry needs right now is a champion of trust and integrity.  Have a great day everyone! It is very sad. I hope that there is a lesson learned here. Perhaps, everyone should learn the difference between investing and gambling. I fear that our industry might have already created a "Global Casino" and it is not yet regulated. Unfortunately, law makers tend to over-react. This could lead to an over-regulated industry that stifles innovation. That would be very damaging. There are honest and trustworthy coins/projects out there that are committed to benefit everyone. I can speak for DNotes that we are all about building a trustworthy digital currency that is purposeful, and inclusive to the benefits of everyone globally. |
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Good morning, I had a great meeting with the owner of Geneca and three of their employees yesterday. Joe was also in attendance via tele-conferencing. It went very well, giving both parties even more confidence that we have a remarkable partnership. This expands our capabilities to develop any software related projects as outlined in our road-map. The meeting went on for two hours. They were extremely impressed by what we have accomplished over the last four years and very excited about our strategic path going forward. For those who are not familiar about this partnership, please check out this link HERE: http://www.nasdaq.com/press-release/dnotes-global-inc-announces-partnership-with-geneca-for-blockchain-technology-development-20171226-00265 DNotes Global, Inc. Announces Partnership With Geneca for Blockchain Technology Development
By AccessWire, December 26, 2017, 01:50:00 PM EDT CHICAGO, IL / ACCESSWIRE / December 26, 2017 /DNotes Global, Inc. has announced a new partnership with technology consulting firm Geneca. The move will expand the company's development team as it prepares to launch DNotes 2.0 in the first quarter of 2018, and will provide the DNotes ecosystem with the technology support needed to achieve the firm's goals. |
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The Four Pillars is developing quite the trove of resources for entrepreneurs. I would highly recommend everyone check out https://fourpillarsofbusinesssuccess.com, and buy the book if you can afford it! Doing so may make the difference between becoming overwhelmingly successful, or being one of the 80% of business that fail in the first 10 years. It is a great guide to developing a well rounded business that excels in all areas. Thank you Brandon, I agree 100%. There is a lot to be learned from the book and website, and it is all built around the idea that your business is operating as a system and all the component parts do not operate in a vacuum. In other words, they all have a significant impact on your business as a whole. The book identifies the four key and most significant components within your business, and then, along with the video series, teaches how to get all of those components working well and working together into a well oiled machine. It's very easy to focus on what you are good at, you could be a business owner that is a great salesman, and focus on the sales. However, without the follow through on product, customers, driven by you and your team... You won't be able to satisfy the needs of the customers or retain them. This is in my experience, the most comprehensive and actionable business series the world has ever seen. The actionable part really drives the value for me, it is chock full of learnings that you can begin to apply to your business the moment you understand them. Alan delivers an unparalleled amount of experience and wisdom in book and video series. Excellent post, Joe. You are turning out to be one of my best students. Very proud of you. I could not have written the book for money. It was done out of pure passion to help other entrepreneurs to avoid failure and, instead, succeed in their entrepreneurial venture. Business failure is very painful and destructive. Sadly 80% of businesses failed within the first 10 years. That is a lot of pain and suffering. It has taken me a year to write the book and almost another year to produce a 70 video series, that should be completed by the end of this month. I have assigned everything, 100% royalty free, to DNotes Global, Inc. That is how passionate I am about giving everyone a chance to succeed in life and in business. DNotes is a reflection of that. And you all are the supporting cast to help DNotes realize our vision of building a purposeful, trusted digital currency - truly inclusive for everyone worldwide to participate and benefit from its success. In essence, the book is our road-map with consistent teaching of respectfully working together as a team for the mutual benefits of everyone. The book is not about business theories, but written in plain English for the common people. Truthfully, I do not enjoy writing or video production. I did it out of a strong conviction that it is the best contribution I can leave behind to the benefits of others for a long time. |
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Interesting thought process. Ideally, it is best to have a set of international light-weight regulations and rules governing digital currencies signed on by major nations. Practically, I don't think it will happen for a long time. Most law makers, local or international, are simply clueless when it comes to Bitcoin, blockchain technologies, and other digital currencies. In all fairness, that is the process of large scale change. DNotes recognizes that and firmly committed to do our part using different media and medium to get the knowledge out. One can learn a lot from this forum, DCEBrief, DNOtesEDU, CryptoMoms, and other blog posts - Facebook, LinkedIn and elsewhere. "Bundesbank board member Joachim Wuermeling suggested on Monday that digital currencies cannot be properly regulated unless the nations of the world unite to create a regulatory framework with global impact. Because digital currency is something that is emerging on a national scale, he believes that individual nations will be ill-equipped to manage regulation on their own: "Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited." |
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I have an extremely busy week ahead and next week is not looking any better. I have been getting a lot done in preparation for DNotes Golbal Mini-IPO. My biggest frustration has been the challenge of overcoming the "knowledge deficit" about Bitcoin and digital currency, as I tried to communicate with professionals from different disciplines. Many are still clueless. Our industry will continue to struggle to gain mass acceptance of digital currency until more people understand and embrace it. DNotes is certainly on the right track in making education as one of our highest priorities. DCEBrief is doing a great job and will be expanded significantly. I understanding that a lot of work is going on at DNotesEDU to increase its contents and reach. Further, I am meeting with a team at Geneca tomorrow. Among other subjects, we are committed to do a feasibility study on re-branding and relaunching CryptoMoms later this year. Sorry, but the following article is all over the map with a touch of ignorance. It is posted for your reference that our industry has a tough road ahead unless we all work hard together and help others understand the immense value of digital currency and blockchain technologies when utilized for good purposes. Bitcoin to be banned? WARNING issued against ALL cryptocurrencies due to ‘vulnerabilities'A WARNING has been issued by The Central Bank of Indonesia to investors not to sell, buy or trade any cryptocurrency because of “bubble risks" and susceptibility to be used for "money laundering and terrorist financing”. By JOSEPH CAREY PUBLISHED: 06:58, Mon, Jan 15, 2018 | UPDATED: 08:06, Mon, Jan 15, 2018 The Central Bank of Indonesia warned its citizens in a press release over the weekend which led to the voluntary closure of two cryptocurrency exchanges. The statement read: “Virtual currencies are vulnerable to bubble risks and susceptible to be used for money laundering and terrorism financing, therefore can potentially impact financial system stability and cause financial harm to society.” BitBayar and TokoBitcoin both closed following the announcement. However, there is no official ban on bitcoin within the country. Algeria’s Government is reportedly taking steps towards banning cryptocurrencies. Local paper Maghreb Emergent said the country’s National People’s Congress (NPC) is working on the 2018 Finance Bill which will declare the ownership and trade of bitcoin illegal. According to Maghreb Emergent, the bill reads: “Any violation of this provision is punished in accordance with the laws and regulations in force.” Bitcoin is labelled as a “so-called virtual currency” in the document. It also claims the cryptocurrency can be used for drug trafficking, money laundering and tax avoidance. According to CryptoCompare, bitcoin, ethereum, ripple and litecoin are all trading in the red, compounding the problems facing virtual currencies. However, South Korea appears to be embracing virtual currencies after a report from a local paper Chosun Ilbo rebuked the prior warnings from the country’s Justice Ministry that it was clamping down on the market. Steven Mnuchin reveals US Government's issues with Bitcoin Instead, the article said the country could be planning to introduce an accounting system - South Korea is one of bitcoin’s most popular markets. The US could also be creating a regulatory framework for cryptocurrencies after Treasury Secretary Steven Mnuchin said regulators are forming a working group dedicated to virtual currencies. Source: https://www.express.co.uk/finance/city/904732/Bitcoin-value-latest-cryptocurrency-Indonesia-Algeria-South-Korea-ripple-litecoin-ethereum |
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Interesting read. I never thought of it that way. It's a big challenge finding a good PR firm that is also sufficiently knowledgeable about our industry, the technologies, etc - bitcoin, blockchain, smart contracts, DNotes and more. Why Bitcoin and cryptocurrencies are the next PR landmineby ED ZITRON 3 reasons why:1) Your client may be holding a vast amount of money in a variable, volatile, and completely intangible fiscal element. Where crowdfunding was difficult was in what happened after a successful raise — were they prepared to do so? How does hardware work? Well, in the case of a successful ICO, they may have taken on 20,000 Ethereum as part of their funding. That’s $14,953,000 ($747 USD to ETH as of posting). What if there’s another giant Ethereum heist? What if a massive trade on GDAXthat sends the price crashing (though likely not to ten cents)? In essence, every day their actual capital — which is not liquid as it’s held in a cryptocurrency — fluctuates. If Ethereum faces a speedbump and drops to $700 (a realistic chance)? That fund just became worth $953,000 less. If it crashes further to $500, that’s now a $10 million fund. Worse still, if they sell off their Ethereum fund even in a $200,000 chunk, without actually doing so to a party in private (IE: wallet to wallet/off an exchange), that will also send the value of Ethereum down. PR firms are fired when budgets get tight. Unless it’s a well-structured situation — backed by real cash, for example — someone could be left holding the hat. 2) Reporters are tired of ICOs, because they’re basically all the same. The substance may change, but the best way to understand (from my experience) is that you’re pitching them an Indiegogo campaign for something that most readers may not even care about. If there’s not a really, really good story, your ICO thing isn’t going to go down so well. 3) It’s really, really difficult to learn about this stuff, and thus it’s difficult to answer, even when well-read, the most basic questions. You’re going back and forth to clients. You’re then translating that into something compelling. It’s a bastard. Now, I know what PR people are going to say In the past I’ve said some things about PR people such as “they deserve to be sent to the carnival prison,” “they’re awful,” “they are incompetent,” “they actively hurt reporters,” and people have accused me of having a small ding dong or something or rather, to which I say “yes, most PR people are not that good at their jobs.” The problem is that in many industries you can kind of fake it ’til you make it. The issue with crypto is that it’s so utterly confusing that while a few people are really, really getting it — and I mean very few — this is a case where a lot of clients will come in that are bad, will add to the garbage pile of pitches PR people send, and ruin this industry even further. The next part of that is bad PR firms will continue to damage the reputation of good PR firms because they’ll convince every reporter that every single bloody product is tainted, because they once took on “the ICO that let you trade cryptocurrency for a product that literally didn’t exist” a hundred and fifty times. Oh, and they’ll probably cold call about it too. Source: https://thenextweb.com/contributors/2017/12/18/bitcoin-cryptocurrencies-next-public-relations-landmine/ |
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I just came across this and thought it is worth sharing. It has been fairly well established that known ICOs to date involved the sale of tokens that are not registered or exempt with the SEC though they are deemed securities under U.S. law. I am concerned that this will not end well. It is damaging to our industry and could lead regulators and enforcement agents to over-react. More than ever, it is important for investors to do their homework before investing. DNotes is always committed to do the right thing. We encourage you to do a deep research on us and feel free to ask any question. Silver Miller Law Firm Files Class Action Against Giga Watt ICO Claiming Sales of Unregistered SecuritiesJanuary 4, 2018 @ 8:01 am By JD Alois Any US based initial coin offering (ICO) that raised a fair amount of money and did not file for a securities exemption should be quite nervous now. Giga Watt, an ICO that raised $20 million last summer, was hit with a class action lawsuit by the law firm of Silver Miller as a Christmas present last week. The allegations have now become fairly standard as the plaintiff, StormsMedia, alleges that Giga Watt conducted an unregistered offering of securities. Something that is obviously against the law. But, like many other lawsuits filed against a successful ICO, the complaint goes further stating: • Defendants appear to have already pocketed for themselves large sums of money • It appears Plaintiff et al will not see any return on their investment • Defendants used deceptive activity and intentional deprivation of investor rights and protection • and much more… StormsMedia may not be very happy that when it (and others) invested the price of Bitcoin etc. was rather low. In the ensuing months, the price of many cryptocurrencies rocketed. The complaint estimates the investment of $20 million is now worth over $100 million. For StormsMedia, their investment is now pegged at a valuation of $5.1 million. Perhaps it would have been better for the investors to have not invested at all? Yes, a rhetorical question. The Plaintiff apparently requested a recision of the deal back on November 22, 2017. The Defendants have “failed to provide a meaningful response” to the demand – allegedly in violation of the terms of their own white paper including terms for an investor remedy. David Silver, from Silver Miller, told Crowdfund Insider that all pre-functional tokens promised in an ICO fit the definition of the sale of a security which means the seller has to comply with US securities law; “In this case, the defendant — whether intentionally or not — did neither and is therefore strictly liable for offering and selling unregistered securities,” said Miller. “Just because utility tokens might one day have a consumptive use does not remove them from being a “security” prior to that use. Promoting the expectation of profit from pre-functional tokens, like Giga Watt did and continues to do, is by definition the sale of a security; and this case will hold Giga Watt accountable for its actions.” Miller added they are pursuing a longer list of crypto companies that are allegedly in breach of US securities law; “We currently have pending cases against Coinbase, Kraken, Tezos, Monkey Capital and Giga Watt. I expect more to be filed as 2018 progresses,” said Silver. Having $100 million in crypto & cash is a pretty fat target for disgruntled investors. Lawyers almost always win in a case like this. Everyone else, well that depends. Giga Watt is most certainly lawyering up – just as every other US based ICO that raised big money, minus a Form D, should be doing now as suing ICO issuers is becoming a cottage industry of sorts. Source: https://www.crowdfundinsider.com/2018/01/126633-silver-miller-law-files-class-action-giga-watt-ico-claiming-sales-unregistered-securities/So, the law firm is suing the issuer of the ICO on behalf of investors who feel they have lost money to the deal? It looks like their list of upcoming suits is against exchanges. Did those exchanges conduct their own ICOs or simply facilitate the ICOs themselves? Wiser, I do not know all the facts and circumstances. It appears that they are going after the issuer of the ICO in a class action lawsuit, on behalf of all investors. It is quite common that they cast a wide net to include exchanges and other individuals. This can end up being very destructive. |
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Whitepaper updateHello everyone, I have completed the final round of changes to the whitepaper, and have given it to Joe, Alan, and Ken for editing. The bulk of the whitepaper was written in late August, but we wanted to wait until we knew more regarding what we were doing with the mini-IPO before making any release. The whitepaper is 15 pages long (that's just the text, with infographics and reformatting it will probably be 20), and it is my hope that it will be ready for public consumption within the next couple of weeks. I have included the first few paragraphs below of the introduction to give you guys an idea of what to expect. Great job Tim. From what I've seen so far, you've presented a very compelling case for DNotes. I look forward to reading the rest. Thank you, Tim. I know that we you have put in long hours to develop that White Paper. Great job. We appreciate that very much. |
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Indeed. Tim did a great job. Here was my response when I saw it on Facebook: "In 2017, we saw an unprecedented explosion of interest in digital currencies and the blockchain technology that powers them. Despite that interest, however, few would argue that Bitcoin or its rivals made a difference in the way most people live. 2017 ended much the way it began. Untold millions remained without access to basic financial services like bank accounts. Fiat currencies in many areas of the world continued to be unreliable. The world’s reserve banks and governments continued to exercise vast powers over the world’s economies. And none of the major digital currencies offered even a glimmer of hope that any of that would change any time soon. Until now. The Promise of Digital Currency As 2018 emerges from the cryptocurrency excitement of the previous year, one digital currency stands posed to change that dynamic – and with it, the world. Meet DNotes, a digital currency designed to ensure that everyone around the world has access to all of cryptocurrency’s promised benefits. When Bitcoin burst onto the scene, it held forth the promise of a world where everyday people could once again take control of their own financial destiny. Nine years later, that promise remains just that: a promise. As other digital currencies followed in Bitcoin’s footsteps, many of them promised useful benefits for the world’s citizens too. To date, few people around the world have experienced any of those benefits. For most people, digital currency remains firmly within the realm of speculative investment. To understand, the DNotes difference, you need to invest some time to know us. Together we can change the world for the better. Please like and share." I like how you say that to understand the DNotes difference we need to invest some time to get to know you. That is so true. DNotes definitely has taken a different approach to most cryptocurrency projects out there. You guys are stable, for one, and that's just the tip of the iceberg. I know that if I were to get busy and not hang out here for several months, y'all would still be here when I got back, still plugging away at developing the DNotes project. My DNotes wallets are enjoying some nice gain in the mean time. Great work! Thank you, Wiser. We spent the last four years building our ecosystems - block by block. Upon launching DNotes 2.0 before the end of this quarter, we will begin our next phase in a long journey to gain mass acceptance of DNotes in global commerce. Since DNotes is so different, involving many components, it is very important for all of us to get the DNotes story out to help the next group of investors to connect the "dots". Please feel free to contribute your ideas. Free DNotes will be harder to come by, but I will be interested, personally, to reward extra efforts. Additionally, I will be making a donation to be paid out to our "CRISP for Kids" program and like to encourage parents and grand-parents, who have not done so, to check it out HERE: https://dnotesvault.com/crisp-for-kids.php |
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Indeed. Tim did a great job. Here was my response when I saw it on Facebook: "In 2017, we saw an unprecedented explosion of interest in digital currencies and the blockchain technology that powers them. Despite that interest, however, few would argue that Bitcoin or its rivals made a difference in the way most people live. 2017 ended much the way it began. Untold millions remained without access to basic financial services like bank accounts. Fiat currencies in many areas of the world continued to be unreliable. The world’s reserve banks and governments continued to exercise vast powers over the world’s economies. And none of the major digital currencies offered even a glimmer of hope that any of that would change any time soon. Until now. The Promise of Digital Currency As 2018 emerges from the cryptocurrency excitement of the previous year, one digital currency stands posed to change that dynamic – and with it, the world. Meet DNotes, a digital currency designed to ensure that everyone around the world has access to all of cryptocurrency’s promised benefits. When Bitcoin burst onto the scene, it held forth the promise of a world where everyday people could once again take control of their own financial destiny. Nine years later, that promise remains just that: a promise. As other digital currencies followed in Bitcoin’s footsteps, many of them promised useful benefits for the world’s citizens too. To date, few people around the world have experienced any of those benefits. For most people, digital currency remains firmly within the realm of speculative investment. To understand, the DNotes difference, you need to invest some time to know us. Together we can change the world for the better. Please like and share." |
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DNotes Global, Inc. CEO Alan Yong Shares View on the ICO Conundrum - a Challenge Beyond the SEC Mandate Interesting. Some new names I have not seen before. |
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I just came across this and thought it is worth sharing. It has been fairly well established that known ICOs to date involved the sale of tokens that are not registered or exempt with the SEC though they are deemed securities under U.S. law. I am concerned that this will not end well. It is damaging to our industry and could lead regulators and enforcement agents to over-react. More than ever, it is important for investors to do their homework before investing. DNotes is always committed to do the right thing. We encourage you to do a deep research on us and feel free to ask any question. Silver Miller Law Firm Files Class Action Against Giga Watt ICO Claiming Sales of Unregistered SecuritiesJanuary 4, 2018 @ 8:01 am By JD Alois Any US based initial coin offering (ICO) that raised a fair amount of money and did not file for a securities exemption should be quite nervous now. Giga Watt, an ICO that raised $20 million last summer, was hit with a class action lawsuit by the law firm of Silver Miller as a Christmas present last week. The allegations have now become fairly standard as the plaintiff, StormsMedia, alleges that Giga Watt conducted an unregistered offering of securities. Something that is obviously against the law. But, like many other lawsuits filed against a successful ICO, the complaint goes further stating: • Defendants appear to have already pocketed for themselves large sums of money • It appears Plaintiff et al will not see any return on their investment • Defendants used deceptive activity and intentional deprivation of investor rights and protection • and much more… StormsMedia may not be very happy that when it (and others) invested the price of Bitcoin etc. was rather low. In the ensuing months, the price of many cryptocurrencies rocketed. The complaint estimates the investment of $20 million is now worth over $100 million. For StormsMedia, their investment is now pegged at a valuation of $5.1 million. Perhaps it would have been better for the investors to have not invested at all? Yes, a rhetorical question. The Plaintiff apparently requested a recision of the deal back on November 22, 2017. The Defendants have “failed to provide a meaningful response” to the demand – allegedly in violation of the terms of their own white paper including terms for an investor remedy. David Silver, from Silver Miller, told Crowdfund Insider that all pre-functional tokens promised in an ICO fit the definition of the sale of a security which means the seller has to comply with US securities law; “In this case, the defendant — whether intentionally or not — did neither and is therefore strictly liable for offering and selling unregistered securities,” said Miller. “Just because utility tokens might one day have a consumptive use does not remove them from being a “security” prior to that use. Promoting the expectation of profit from pre-functional tokens, like Giga Watt did and continues to do, is by definition the sale of a security; and this case will hold Giga Watt accountable for its actions.” Miller added they are pursuing a longer list of crypto companies that are allegedly in breach of US securities law; “We currently have pending cases against Coinbase, Kraken, Tezos, Monkey Capital and Giga Watt. I expect more to be filed as 2018 progresses,” said Silver. Having $100 million in crypto & cash is a pretty fat target for disgruntled investors. Lawyers almost always win in a case like this. Everyone else, well that depends. Giga Watt is most certainly lawyering up – just as every other US based ICO that raised big money, minus a Form D, should be doing now as suing ICO issuers is becoming a cottage industry of sorts. Source: https://www.crowdfundinsider.com/2018/01/126633-silver-miller-law-files-class-action-giga-watt-ico-claiming-sales-unregistered-securities/ |
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