Bitcoin Forks for Quick ProfitThe recent jump in price that Bitcoin Cash experienced has lent confidence to everyone currently considering initiating a similar fork. This article by Timothy B Lee goes on to predict many more forks are coming soon. And he gives good reason, including the success of previous forks all sitting in the top six positions, the mining bonus Bitcoin Gold creators achieved, and the built-in customer base of bitcoin holders. https://arstechnica.com/tech-policy/2017/11/get-ready-for-a-wave-of-bitcoin-forks/Before the first fork, my mind biased by old-world economics was confident that the price of Bitcoin plus the new fork, must quickly come to equal the previous price of Bitcoin before the fork. Otherwise you'd be pulling value out of thin air. I was wrong. I and many others were surprised to see how little impact the fork had on the price of Bitcoin. And now my opinion is shifting in the other direction. The earlier that investors obtain some Bitcoin, the more forks they will automatically gain ownership of as well. This is likely to increase interest in Bitcoin rather than harm it. Timothy Goggin's recent article brought clarity and objectivity to the history of these forks, and for the first time, I finally understand what the Lightning Network actually does. And it looks at the legitimate reasons for forking bitcoin. I expect to see the future contain a mix of legitimate forks who believe they offer a better solution, and profit oriented forks because that trail has recently be proven successful. https://dcebrief.com/op-ed-the-centralization-problem-bitcoin-and-bitcoin-cash/But it seems to me that they all rely on some angle of improvement over the existing bitcoin. Because DNotes is working hard to address issues and upgrade their cryptocurrency to be the best possible design for its purposes, I see it at much less risk of being forked, even when it has a much broader following. Tim, thank you for another great post. Let me just comment on your last paragraph: "But it seems to me that they all rely on some angle of improvement over the existing bitcoin. Because DNotes is working hard to address issues and upgrade their cryptocurrency to be the best possible design for its purposes, I see it at much less risk of being forked, even when it has a much broader following." I believe that you are correct though I am not sure that we are on the same page in arriving at that conclusion. DNotes is positioned very differently. Technically, DNotes is just another digital currency, now practically at the bottom of CoinMarket cap. In reality, DNotes is (or going to be) a fully integrated financial system with participation in the funding and management of a portfolio of companies. Should we go forward with our funding campaign, we will, most likely, be using Reg A+ Mini IPO Title IV Tier 2, a portion of the money raised will be used in NextGenVC projects. Like the traditional VC we will look at a large section of potential candidates - such as established small to mid-sized businesses with great growth potential but lacking in employees performance, funding, and other issues. We will invest in them, help them raise the needed capital, remake the company using the book "Improve Your Odds - The Four Pillars of Business Success" as the standard blue-print. Of course, we will introduce them to DNotes, cryptocurrency savings plans, blockchain technologies, smart contracts, and much more. Indeed, we are casting a wide net based on a totally integrated system. I believe that eventually many will finally understand how the book fits in as one of our most valuable building blocks. Likewise, they will understand that DNotes 2.0 is much more than a standard software up grade that should not take more than a few weekends to pull off. And finally we mean every world of it when we say, "This is a Big Bold project of global scale." |
|
|
|
Thank you, Tim. Excellent work. “Bitcoin was created as a decentralized and incorruptible censorship-resistant money that did not need financial institutions to function. This allowed everyday people to make transactions directly to one another for the first time.” No doubt, this is still the most ingenious creation of the technology. When it finally gained mass acceptance as an efficient medium of exchange, the bulk of the transactions could indeed be between two parties. In the meantime, the centralized world must participate through different ecosystems as a viable business opportunity in helping to solve problems as they arise. The Lightning Network is a very creative solution by bundling transactions off chain using a payment channel with committed funds. We envision, that one day, DNotesVault’s account holders, through our ecosystems, will have the option of tapping into their collateral value, using smart contracts, to instantly gain large credit line based on the DNotes on deposit. We will be in the position to do things for our account holders that others can’t, including instantaneous transaction approval, including very large transactions. We are building a totally integrated ecosystem. They are all created like building blocks and strategically linked. Yes, we are operating in the confine of a centralized world where there are rules and regulations that we must followed. Picking the easy route is always tempting. However, we prefer to pick the right path including our plan to launch a funding campaign early next year. I am spending a lot of time selecting the best program for our situation. This is another important strategic block we are building that is interrelated to our NextGenVC roadmap: https://bitcointalk.org/index.php?topic=1924858.0 |
|
|
|
Breaking News:SEC Director of Corporation Finance Says More Enforcement Actions Coming for Initial Coin Offeringshttps://www.crowdfundinsider.com/2017/11/125279-sec-director-corporation-finance-says-enforcement-actions-coming-initial-coin-offerings/November 30, 2017 @ 12:38 pm By JD Alois Speaking at the annual SEC Forum on Small Business Capital Formation, William Hinman, Director of Division of Corporation Finance at the SEC, said there are more enforcement actions coming when it comes to Initial Coin Offerings (ICO). Hinman, a former Silicon Valley based corporate attorney, did not mince words stating issuers should be “thoughtful” in launching an ICO. His statement should come as no surprise as the SEC has been heavily messaging their intent to go after ICO issuers who do not file for an appropriate exemption. While some ICOs may receive a pass before the SEC filed the DAO report this past summer, anyone who issued an ICO following that event without an exemption is fair game and may find themselves under the scrutiny of the SEC Enforcement Division. Most legitimate ICOs that are seeking US money are currently submitting either a Reg D, Reg A+ or Reg CF filing with the SEC. Other ICOs appear to be denying access to US based investors. SEC Chair Jay Clayton commented recently, “I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security,” delivered in the middle of a speech at the Institute on Securities Regulation in Manhattan. Hinman added that additional reports on ICO are forthcoming – perhaps creating a bright line definition of when an ICO is a security and when it may be considered a Utility Token.
|
|
|
|
The next series of Four Pillars of Business Success videos are now available. Chapter 5 - Strategy
Strategy and
Course-Correction
|
How Can You Recognize When
Your Strategy is Failing?
|
Strategy: Who’s in
Charge, Anyway?
|
Again, another great set of informative videos. What I liked most about it is the underlying message that strategic thinking can be learnt and continuous usage of it will make it second nature. This is a really important point to make. In our current world we like to make idols out of people, and successful people are always portrayed as having unique talents and abilities. It is rare in media now to hear about how those talents or abilities were gained and trained. Something else that I was glad to see in these videos was a focus on detail. Strategies without details are just broad plans that can't be followed or monitored. And monitoring implementation is the only way to avoid failure. I've seen a lot of strategic plans when working in government and as soon as I see vague or un-measurable goals, I know the plan won't be executed effectively. Experience has proven time and again, that if milestones aren't specific, they don't get reached. I've also seen strategic plans fail because the elements of the plan don't or can't connect to achieve the final outcome that is aimed for. One notorious one that I recall, did little more than increase performance levels and required outcomes across the board by about 10–20% depending on teams. This was intended to increase net revenue by 15%. The whole thing was laughable because continuing to do what was causing a loss, and doing more of it, was never going to turn a profit. So there were all of these carefully laid out milestones to a goal that was in the other direction. And yes, it failed. I know DNotes Global Inc has shared their broad plans as a road map, and I do understand that handing out the detailed strategic plan is not a strategic move, but at some time in the future, once all of the milestones have been met, and it has done its job, I really hope they publish their strategic plan as a learning tool for others. Thanks, Tim. Great comments. “… strategic thinking can be learnt and continuous usage of it will make it second nature.” Very true, but like any skill set, some are more talented in mastering it than others. One of my strengths is strategic thinking and execution. To be fair, I am very highly focused and willing to work very hard to gain a deep knowledge on the subject matter. If I know that subject matter as well or better than you do, I am confident that I can instinctively “out-smart” you with winning strategies. Better yet, until I am way ahead of the game, you may have no clue that at the end I will be the winner. Correct. “… how those talents or abilities were gained and trained.” Bill Gates, Steve Jobs, Jack Ma, and other successful men were once average young men, like most of us at that early age. No one could have predicted their immense success in life. They all got a “lucky break”. While many would let it pass by, they recognized it and exploited it. They became obsessed about it and gave it all they got. That obsession and lots of practice led them to deep knowledge and tenacity to hang on with the determination to win at the end. They were able to figure out the best strategies and be better than any of their competitors, by a long shot. They got better at it each time, and it became instinctive, or second nature. “Strategies without details are just broad plans that can't be followed or monitored.” This is especially true for strategies that involve others, especially larger groups. It is also important that everyone is on the same page with the same mind-set. For those interested, watch my video on why single united culture always out-performs others every time. That is correct. “… if milestones aren't specific, they don't get reached.” Milestones and goals must always be quantifiable and date certain.” For example, I want to be a rich man one day.” It’s meaningless, as a goal. If you ended up being rich – you got lucky. Try this for a change. “My goal is to have a net worth of $2 + million by my 35th birthday.” With that you can map out what you need to do and sharpen your strategic thinking and execution along the way. It is measurable and date certain. I have the feeling that very few people realize that strategic value of my book. Hopefully, many will find out in 2018 when it becomes obvious. It’s been a long day – I will continue tomorrow. |
|
|
|
I bought into this ICO a while back, and now these guys are doing some things I thought DNotes might be able to learn from, or at lease watch them as case study on how the are handling compliance issues. DCORP (DRP) is building a futures trading platform, so not the same arena as DNotes. A couple main things to follow: They are converting their main ICO token into two different tokens, eliminating the original. One is a "Utility Token" (DRPU)with double the voting rights, the other a "Securities Token" (DRPS) with equity/profit rights to the development. They will have a "Token Changer" on their website to do this with. Send in DRP, change out for either of the two mentioned above for no fee the first time. It will be interesting to see the functionality of this. They have the new U and S coins listing soon on different exchanges. The two different versions will be trading at the same time(well, 3 including the original). DRP will also require personal information to do this swap. KYC, etc. ....interesting There's a few other things I like how there doing. Weekly video updates with a real person, not animations. Descent P.R. Most found on their youtube channel. Here's a couple links for your review. https://www.youtube.com/watch?v=OXYo-R3MRl8https://www.dcorp.it/description of coin split https://us10.campaign-archive.com/?u=be7fe07e359e8aa8f29f7000d&id=d0c84e6612https://bitcointalk.org/index.php?topic=1928628.1800I have mixed opinions on all this. More interested in what our community thinks. I have a very busy day on my schedule. Thank you, all, for some amazing posts. Tim’s list of mobile applications is very helpful. Please keep your great ideas coming. Thank you, Denver Dan for sharing. Let me make a quick comment on DRP. “We anticipate a substantial amount of DRP holders are based in the United States or other countries where it is very unclear as to what is or is not classified as a security.” I don’t mean to be harsh and wish that ICOs are not constrained by the lack of legal clarities. What I do know is that it is illegal to sell securities in the United States that are not registered or exempt with SEC. Now what? “Because of the nature of the smart contracts, DRPU and DRPS will not be listed on exchanges until after the tokens are unlocked. We encourage patience as we work to implement these changes in hopes that we will provide a lawful and safe network for everyone’s usability.” Frankly, I have grave concern on this one. We can hope for anything. I fear that they may end with up many legal challenges that result in burning up a lot of money and time. And that could lead to a lot more uncertainties and challenges. At DNotes, we believe in doing our home and do the right thing. There are many alternative funding options that are perfectly legal. We believe that in the best interest of our stakeholders it pays to avoid taking the risk of exploiting gray areas for possible loopholes.
|
|
|
|
I read that too. ICOs as they are currently structured are of serious concern to regulators. They are good for the insiders but extremely risky for the average investors, with no consumer protections. ICO is great as an alternative funding tool when done side by side with legitimate crowdfunding. However it is much more difficult and expensive. None the less, that is what I support and believe will lead to. Meanwhile, those who can or dare continue to exploit ICOs to rake in a boat-load of quick monies. I agree with you "Watch out!"
Thank you for sharing your prospective concerning ICOs. You seem to have done your homework and very knowledgeable on the subject. It will be very much appreciated if you can visit us often and share your wisdom. Alternative funding, such crowdfunding, and ICOs when properly structured and in compliance with existing regulations are crucial for growth stage companies. Unlike before, when VC ruled because that was the only game in town, we now have many options. Unfortunately, it can be confusing, and much education is needed for entrepreneurs, who need funding, to truly benefit from it. I will do my best and share what I know. In the case of DNotes, we are leaning in favor of Reg. A+ Title 4, Tier two for many reasons. It can be promoted globally to non-accredited investors subjects to 10% limit of investor’s annual income or net worth, whichever is greater. Of course, there is no limited for accredited investors and we can raise a maximum of $50 million over a continuous period of 12 months. Tier 2 pre-empts Blue Sky laws in each state. Therefore, State registration is not required – a very big deal. When required, most registered or exempt funding campaigns limit their target markets to a few states where they are registered. Once quailfied by SEC, DNotes can legally mount a national and global campaign. That is quite amazing. I am very passionate about financial inclusion. The less fortunate, should not be excluded from investment opportunities because they are not wealthy. However, I am a staunch supporter of reasonable consumer protection. |
|
|
|
Quick update: I just got done talking to Success File. They are excited about the DNotes story and support our commitment to education. From their stand-point - education that informs viewers on the very latest topic and trends impacting the world. DNotes is a worthy contender. It is a big production project. They will be keeping an eye on us with the next scheduled conference in early April, 2018. You may check up on Success Files HERE: http://www.successfilesrl.com/That is amazing! I love the human interest / social entrepreneurship approach of their documentaries - very impressive. We have been working hard and long for almost 4 years. The DNotes Story is amazing and one that we all can be proud of to tell anyone. Yes, we are almost ready to share our vision with the rest of the world. |
|
|
|
Quick update: I just got done talking to Success File. They are excited about the DNotes story and support our commitment to education. From their stand-point - education that informs viewers on the very latest topic and trends impacting the world. DNotes is a worthy contender. It is a big production project. They will be keeping an eye on us with the next scheduled conference in early April, 2018. You may check up on Success Files HERE: http://www.successfilesrl.com/ |
|
|
|
|
Thank you all. Great discussion. Let me approach things from a different prospective.
This is indeed a brave new world (a decentralized alien world) that just landed on our centralized planet where everything must be filtered and squeezed by central intermediaries or central authorities. It is disruptive, chaotic, and at times – lawless. It is causing a paradigm shift – now a $300 billion market Cap that exceeded the market valuation of Bank of America.
We are still at the infancy, but without a doubt witnessing the greatest technology revolution since the Internet. It is bigger, even more widespread – because one day it will impact the entire human race in every corner of the world. Digital currency is the future of money. One or more will gain global mass acceptance – we just do not know which one, how many, and when.
Like fiat currencies there will be choices, and some will be best suited for very specific applications. Don’t be shocked, if that number goes over one million. Crazy, may be not. A college kid (nerd) can set up shop to create a token or digital currency every 30 minutes and charges $500 each. A white paper will cost you ten times more even though much of the contents are just “copy and paste”. Legal or not, this reality will continue if a few insiders/issuers can make $ millions and have full control of the entity. The investors, typically, have no ownership or voting rights. Many may not have a clue, but most are in it to find a greater fool willing to pay a higher price. The chance to get rich quick is a powerful motivator. We are all capable of being greedy to a varying degree. Sadly, this show may go on for a while longer. But I do believe that the easy money for ICO issuers is becoming significantly more difficult and risky, unless carefully navigated under capable legal guidance.
But what would it cost to do it right? A lot in terms of time and money. DNotes has already taken almost four years to build the most essential segments of our ecosystem at a significant cost (a little fortune and privately funded). That is just for a starter. The next phase of DNotes we are about to embark will require significant resources – capital and human resources. I will continue to share some insights with you when I can. Though I am not done, my research thus far, is suggesting that a $500,000 budget to successfully launch a Reg A+ Mini IPO under Title IV Tier 2 to raise up to $50,000,000 is a good estimate.
We are at the exploratory stage and may take it through “test the water” stage and not committed to go through with it. Do not make investment decision to buy DNotes based on our funding choice or any assurance of the efforts of being successful. Instead, I would appreciate that our community members interested to know more to do extensive research on Reg + Mini IPO and help us think through. We believe in doing the right for the mutual benefits of all our stakeholders over the long term.
I will continue this post later. I am joining a conference call soon. It may be a long short but DNotes is being considered as a potential project for Success Files educational content. It is part of Public Television in all 50 states hosted by Rob Lowe.
|
|
|
|
Failure is not an option for us.
Wonderful to know, especially since I'm actively buying more DNotes now. Any idea on timing for the conversion to DNotes 2.0? I'd like to know how much time I have to accumulate more because I am pretty sure the transition will come with a major price hike. I think DNotes will win the most undervalued coin of 2017 award! " DNotes will win the most undervalued coin of 2017 award!" Thanks, wiser. You have my vote on this one. " Any idea on timing for the conversion to DNotes 2.0?" February 2018 is still a good guidance. |
|
|
|
That's a very insightful article. I've started to notice that the "new" coins that are most likely to succeed long term have to be more than just coins. They actually need to be entire ecosystems. You can see that especially with STEEM, which is powering an entire social network, and it has three different "currencies" within it (STEEM, SBD, and SP). DNotes is turning out like that but not exclusively through what's on its block chain, but more by its supporting "bricks and mortar" as well as internet-based infrastructure. If you want to start a new coin today, it has to be an entire ecosystem or it will be short lived.
The problem, though, as well as the path forward, is that all these coin/ecosystems out there are still isolated from each other and largely from the rest of the financial world. As the article points out they each have their own assets and investors and their ecosystems only really work as isolated entities. Breaking into what's going on in the rest of the world is a challenge. I think the next big thing in block chain technology, then, will be a coin/ecosystem that truly integrates with the rest of the financial space. It might take a while to get there, and it will need to be thoroughly thought out. I don't think it will happen randomly, though there is a remote possibility it could.
I for one am looking forward to learning more details about how DNotes is positioning itself to integrate in a more complete way with both the current financial space and the rest of the block chain based world. The coin that succeeds in effectively bringing those two worlds together in a meaningful way for ordinary people is going to in retrospect turn out to be the absolute best financial investment anyone could make now.
I can think of at least one now defunct coin that made a valiant effort in that direction, and its failure, while largely internal, also speaks to the magnitude of this challenge.
Absolutely wiser! It will take a massive effort, solid strategy as well as the ability to navigate many moving targets and challenges along the way. Failure is not an option for us. Thanks, wiser. Not every coin needs to build an entire ecosystem to support their cryptocurrency. But it is important for them to be able to differentiate with high focus on their strengths, such as developing mobile apps or whatever the case may be. DNotes started with a “Big Bold Vision of Global Scale”. We wanted to be more than just launching a new digital currency named “DNotes”. We wanted DNotes to be “the digital currency of the future with lasting value” built with a trusted brand and made accessible for everyone worldwide to participate. That was our mindset at the launching of DNotes on February 18, 2014. This is still of vision today. I do feel that more people are beginning to understand and appreciate the ecosystem we have been building. In our case, we must build the entire ecosystem to ensure that the many different pieces are seamlessly integrated. I am sure that there will be many lessons learned and continuous fine-tuning. There will always regulatory and other constraints beyond our control. However, watch for not only our strategic road-map but how those strategies are refined and executed. “Breaking into what's going on in the rest of the world is a challenge. I think the next big thing in block chain technology, then, will be a coin/ecosystem that truly integrates with the rest of the financial space.” That is a great challenge and will take years. We believe that it can be done. It may take direct investment and strategic partnership – a bank, partner, and other financial services. “I for one am looking forward to learning more details about how DNotes is positioning itself to integrate in a more complete way with both the current financial space and the rest of the block chain based world.” That is a great question. There is no short or easy answer. I would advise that those who are following us to focus on “what we are doing or have done” and “why we are doing them”. The list on what we have done is quite long – CryptoMoms, Family of CRISPs, DNotesVault, DCEBrief, DNotesEDU, Book “Improve Your Odds – The Four Pillars of Business Success”, and DNotes Global, Inc. What are we doing now? Finishing the book project - a published book, a membership site with 70+ educational videos complete with full transcripts and bullet points. The membership is free until 12/31/2019 and at $10 per month thereafter. https://fourpillarsofbusinesssuccess.com/DNotes Global, Inc. has been granted 100% royalty free rights on any revenue associated with the book. My personal goal is to finish all the video production by Dec. 31, 2017. If I stay quiet for a few days, it is because I am on a mission to get the book project completed. The book is our path way to mass acceptance in the corporate world. It is a solid completed project for DNotes Global, Inc. and consequently important for our funding campaign using A+ Mini IPO Tier 2 which is now a front-burner project. Above all, completing the first phase of DNotes 2.0 has been of paramount importance to us. This is more than just a migration from POW to POS. Ultimately, the DNotes blockchain must be able to communicate flawlessly with other blockchains. We are committed to continuous or multi-years development. Our development team will be expanded significantly next year. |
|
|
|
Those are some very good questions, and ones that I hadn't thought of before.
At this point, anyone who gets involved with a cryptocurrency is an early adopter, and as such, will have early adopter advantage. I think that once cryptocurrencies truly go mainstream, it will be more difficult for people to put in small amounts of money and see their investments grow 100 times or more. However, I think that the next stage will be that people can use cryptocurrencies to buy stocks and things, and there will always be new ventures that people could invest in. I actually believe that some of the US regulations do make it more difficult for ordinary people who aren't wealthy to have access to some good investments. For example, recently there have been a number of ICOs launched in the US which will only allow accredited investors to participate. In that case, people like me are excluded and if they turned out to be good products, then I miss out on the financial opportunities. For this reason I am super excited about the micro-IPO provision that Dyna and the DNotes team discovered. That is seriously an amazing find!
When a coin starts getting adopted by a much wider group, the price will go up, but it will hit a point where people won't pay any more for it and then it will come down and eventually reach an equilibrium until another mass adoption event happens to push the price up. The secret here is to always have a good reason for someone to buy DNotes. If they didn't get in on the very first price hike, if it's a good project (which it is) then there will always be another price hike when it picks up a new market, and in between the price should be pretty stable I would think.
As for the current wealthy (hedge fund managers and the like) getting involved, I'm not too worried about them. Sure, it's great if you happen to be holding the coin that they're suddenly interested in. But if they're really buying your coin for their clients, that's a good time to take some profits, because I think they can pump the price a lot because they have plenty of money, and that pump is less sustainable than the kind of pump you get when your coin gets into a genuine new market, i.e., a new group of genuine adopters.
I obviously don't have a crystal ball, so no guarantee that any of this will actually happen. But that's how I see it. Ultimately, a coin will rise or fall on its fundamentals, and DNotes has some great ones. I tell people that DNotes currently is one of the most undervalued coins in existence. But honestly, all the coins that are good are very much undervalued because so few people (relatively speaking) even know about them.
Thanks, wiser. Let me share your quote: " I actually believe that some of the US regulations do make it more difficult for ordinary people who aren't wealthy to have access to some good investments. For example, recently there have been a number of ICOs launched in the US which will only allow accredited investors to participate. In that case, people like me are excluded and if they turned out to be good products, then I miss out on the financial opportunities. For this reason I am super excited about the micro-IPO provision that Dyna and the DNotes team discovered. That is seriously an amazing find!" Yes, "some of the US regulations do make it more difficult for ordinary people who aren't wealthy to have access to some good investments." We did consider taking that route using Reg D Rule 506 (c). It will allow us to raise unlimited amount from verified accredited investors. But the small investors (unaccredited investors) are left out. Unfortunately, this is becoming very popular on the heels of ICOs conundrum. Most people are not aware that the tokens purchased in ICO sales have no ownership or voting rights to the company that received all the money. Again, “He who holds the gold makes the rules.” And they are seldom in the best interest of small investors. I have been following the Jobs Act of 2012 closely and as a strategic positioning, we incorporated DNotes Global, Inc. on April 1, 2016. After significant research and serious considerations, we have been quite conclusive that our best funding program is one that is accessible to all interested investors worldwide, without excluding the non-accredited investors; and possibly without involving registered intermediaries. It can be done, but quite challenging and with a lot of demanding work. Regulation A+ Mini IPO Title IV Tier 2 allows growth stage company like DNotes Global, Inc. to raise up to $50 selling it securities within a 12-month period subject to eligibility, disclosure, and reporting requirements including audited financial statements. It allows general solicitation and marketing worldwide to both accredited and non-accredited investors with a limit of 10% of annual income or net worth, whichever is greater. Additionally, when qualified the company’s shares can be listed on OTCQX thereby creating a secondary market. That is a great option for those investors who need an early exit strategy. I certainly hope that more of DNotes stakeholders are beginning to connect the dots as to why our path is so different and strategic. We believe that for DNotes to be truly successful over the long-term and gain mass acceptance it must have an entity or group of individuals with sufficient self-interest to promote and protect the best interest of DNotes. DNotes Global, Inc. is that entity. We are all those “individuals” by extension of owning DNotes. I trust that many of our stakeholders will support our efforts once they connected the dots. |
|
|
|
A short clip from Alan's interview with Adam Chapnick from ICOInvestor.tv. ICOInvestor.tv is fairly new to the industry and they are just getting started, so we don't know when or if this interview will air, but here is just a short segment from the interview. https://youtu.be/TPMuX0vgBhEGreat point in the video, I have a couple secondary questions on this (for anyone who feels like chiming in). There is some agreement in the industry that mass adoption will solve cryptocurrency's volatility. The problems I see in this are: 1) Any currency that has a severely restricted incoming supply would see prices absolutely skyrocket if there was a 'mass acceptance sized amount' of investment being pumped into the market, how could these currencies ever achieve stability once their growth period has ended? 2) Using fiat investment as the main driver of mass acceptance means that the exact same people who control most of the money now, will likely control cryptocurrency. Could this negate any chance there was at using cryptocurrency as a means of financial inclusion? People won't use cryptocurrency if it doesn't better their life, so why would they switch monetary systems if it's just going to put them further from the top? As long as the interest and demand grows, if no new currency is created, then it has to rely supply of people willing to sell. I believe you are correct that something like a bitcoin, as it stands today, it would be difficult if not impossible to achieve equilibrium and relative stability over the longer term. DNotes goal of stability is not a perfect level of value, but growing value slowly over time without disrupting day to day financial activity. There are multiple issues in regards to financial inclusion. I think in terms of equal financial opportunity rather than strict equality or equality of outcome. Whether you start with very little money, should not impact your ability to grow at an equal rate as everyone else. We know that fiat will have less value over time, a savings account offers a negligible yield, investing in stocks can be risky and require specialized knowledge, not to mention the cost can far outweigh any gains when dealing with small amounts, among many other things that make it difficult for someone with not a lot of money to benefit from the financial system. But imagine if the value of your money could grow slowly over time, because value isn't extracted from the currency, along with a modest interest. Whether or not someone enters the system with a lot of money, in a system like DNotes is creating, should have no impact on the individuals starting with very little ability to benefit from the system. I believe that is very different than the existing financial system, and benefits everyone. I really liked the above post, and the direction that DNotes is taking in regards to growing its ecosystem and money supply. A lot of people do draw attention to Bitcoin's deflationary nature, but what a lot of people forget is that inflation is not necessarily a bad thing. Back in the 1800s banks would often issue more bank notes to allow seasonal workers and farmers to have enough money during harvest seasons etc. When demand for tokens outstrips the supply, there shouldn't be much of an issue with more units coming into existence, and this is an issue Bitcoin may face. The real issue with inflation is when it occurs without any sort of intrinsic value attached to it. It no longer works in the central bank world in my view because the dollar is an infinitely printed token that isn't backed by anything. Currency is, and should always be a reflection of value produced. Inflation becomes a dirty word when it occurs without any new value created to back the issue of the newly minted units. In crypto, the new money works as a liquidity vessel, and in the case of DNotes in particular, the tokens represent an ownership claim against DNotes Global -- a company whose modus operandi is to create value for DNotes currency. It is only when we cross the rubicon, and money creation becomes a value-soaking activity, rather than a value-creation activity that a currency is done for. It is my view that we see this when it comes to Central Bank operated currencies who print money for their government's spending purposes, without any actual new value being created in line with the new tokens. In contrast DNotes Global will be creating additional value into the DNotes currency with an array of business activities that include a storage vault, book and business subscription property, crypto news website, and hopefully soon a regulated digital currency exchange among other exciting things the mini-IPO will enable us to offer. I can see (some) issues with the deflationary nature in Bitcoin, and definitely others in the valueless inflation in current mainstream money. I think DNotes has the right approach. Been very busy working lately, apologies for being quiet. Thanks, TeeGee. Excellent explanation. One of our core missions is to make DNotes accessible to everyone worldwide as savings for the future and and subsequently as a medium of exchange in global commerce. |
|
|
|
It's all so obvious in hindsight: The Dot-Com Bubble Bursts: New York Times - December 24, 2000 A year ago Americans could hardly run an errand without picking up a stock tip. Day-trading manuals were selling briskly. Neighbors were speaking a foreign tongue, carrying on about B2B's and praising the likes of JDS Uniphase and Qualcomm. Venture capital firms were throwing money at any and all dot-coms to help them build market share, never mind whether they could ever be profitable. It was a brave new era, in which more than a dozen fledgling dot-coms that nobody had ever heard of could pay $2 million of other people's money for a Super Bowl commercial. What a difference a year makes. The Nasdaq sank. Stock tips have been replaced with talk of recession. Many pioneering dot-coms are out of business or barely surviving. The Dow Jones Internet Index, made up of dot-com blue chips, is down more than 72 percent since March. Online retailers Priceline and eToys, former Wall Street darlings, have seen their stock prices fall more than 99 percent from their highs. Unlike the worrisome decline in the stock prices of solidly grounded technology firms due to a slowdown in profits, the sharper plunge taken by some of the trendy Internet companies that had no earnings in the first place has proved comforting to those who believe in the rationality of markets. After all, many of them lacked one key asset -- a sensible business plan. Even the most traditional brokers and investment banks set aside the notion that a company's stock price should reflect its profits and urged investors not to miss out on the gold rush. At the craze's zenith, Priceline, the money-losing online ticket seller, was worth more than the airlines that provided its inventory. The current sense of despair in the dot-com universe may be as overdone as last year's euphoria. The Internet, after all, really is a transforming technology that has revolutionized the way we communicate. What recent months suggest, however, is that it may not be an indiscriminate, magical new means of making money. Woeful tales of visionary innovators failing to capitalize on their revolutionary new technology are not new. The advent of railroads, the automobile and radio, to name other watershed innovations in history, also led to many a shattered dream. The number of failed auto makers far exceeded the number that ultimately succeeded. In this holiday season, the financial implosion of so many dot-com retailers seems particularly cruel. It is not as if consumers do not appreciate shopping online. Online sales this season are expected to be about two-thirds greater than last year. But it is not the innovators who are reaping all the benefits. Online retailers are losing market share to the likes of Wal-Mart and Kmart. This holiday season, online sales of traditional retailers, initially hesitant to embrace the Web, will outpace those of the pure dot-coms for the first time. The endearing Pets.com sock puppet is a fitting mascot for the demise of the dot-com mania. Less than a year ago the spokesdog for the online pet-supply retailer was starring in some of those $2 million Super Bowl commercials. Now, in the wake of his master's bankruptcy, he is looking to shill for another company -- one that can actually make money. http://www.nytimes.com/2000/12/24/opinion/the-dot-com-bubble-bursts.htmlWow, that was over 17 years ago. Thanks for the reminder, Chase. That was an expensive lesson for some, but already forgotten by most. But then, every lesson is different, and it may even come with a different price tag. My advice - don't give up, keep learning and learn to differentiate investments of substance from pipe-dreams. Always do your home and invest with caution. |
|
|
|
After a super big lose of 94% i moved my coins from poloniex to cryptopia. My question is If someone leave DNotes on exchange will they be swapped automatically or what?
Hi ZurbCash, welcome to the DNotes forum. We do intend to reach out to the exchanges to participate in the swap, but ultimately it will be up to each exchange. The DNotesVault will be automatically swapped upon release of DNotes 2.0. Ok i have moved my coins to dnotesvault.com, now my coins will auto swap? Great move. Yes, DNotesVault will swap your coins 1 for 1 upon the release of DNotes 2.0. |
|
|
|
Local Regulation of a Global CurrencyI'm going to start with admitting I have absolutely no idea how China adjusted its cash liquidity in the article linked below. I'm hoping someone on this thread can shine some light on that, because it did not seem to devalue the CNY like printing cash would. https://cointelegraph.com/news/chinas-liquid-injection-could-be-bitcoins-delightBut I certainly recognised the effect the article claims shutting down Chinese exchanges has had. kopes18 had already confirmed my suspicions that exchanges would have just moved their operations, but not their customer base: Most exchanges in China have already moved outside, Hong Kong, Japan and so on.
This article adds to that by pointing out how China may have moved against exchanges to stop the outflow of capital. But instead of achieving it, their move has now moved profits to the countries that the exchanges have been forced to move to. I find all this fascinating because before cryptocurrencies enabled true exchange of value regardless of country of origin, similar moves controlling the physical exchange of fiat currencies were much more successful. Certainly excessive control of fiat exchange plays into the hands of black markets. But the clear increase of risk works to dampen that trade. Whereas the inbuilt security of cryptocurrency makes dealing with markets outlawed by your own country much safer. Leaving your cryptocurrency in these exchanges is still a high risk proposition though. So while it is clear that the disruptive effect of cryptocurrencies and their ability to transfer value much cheaper than banking services provide puts the old financial systems under pressure and into opposition. China's actions, as an early and effective controller, expose how futile government regulation will be. This is, in my opinion, likely to discourage the big banks from putting pressure on governments to regulate cryptocurrency to retain their own market advantage. And this leaves them the final option of funding and generating negative propaganda about the cryptocurrency industry instead. And as I see it, the coming collapse of many ICO ventures will give them plenty to write warnings about. Let's just see how effective they are at muddying the water between tokens and alt-currencies. Thanks, Tim. I am no expert on this subject either, especially since I have not stayed as current on China economic and financial situations as I used to be. China’s growth over the last few decades has been spectacular. However, it was done at an excessive cost. They became aggressively over-leveraged with the participation of hundreds of SOEs (State-owned Enterprises) SOEs are notorious for their poor management, inefficiency, inaccurate data reporting, and corruptions. Reforms have been going on for the last 20 years with minimal improvement. This is worth noting, “To offset the economic slowdown due to decreased exports from the 2008 global financial crisis, SOEs have taken on an increased role in government spending, triggering an even sharper deterioration of SOE accounts. The latest official data show that the total assets and liabilities of Chinese SOEs reached 144.90 trillion RMB (US$22 trillion) and 95.26 trillion RMB (US$14.4 trillion) respectively by the end of July 2017. While accounting for a quarter of national total assets, SOEs only accounted for a seventh of China’s GDP in 2016.” http://www.eastasiaforum.org/2017/10/04/chinas-twenty-year-dream-of-soe-reform-still-unfulfilled/China certainly has a capital drain problem the Chinese government has been concerned about for some time. Meanwhile, the government is also concerned that the Chinese economy has been slowing down. One of the common tools of Central banks is to buy and sell securities – (short and long-term). “When the central bank buys securities, it adds cash to the banks' reserves. That gives them more money to lend. When the central bank sells the securities, it places them on the banks' balance sheets and reduces its cash holdings. The bank now has less to lend. A central bank buys securities when it wants expansionary monetary policy. It sells them when it executes contractionary monetary policy.” https://www.thebalance.com/monetary-policy-tools-how-they-work-3306129Chinese citizens are very resourceful. They can always find a different way to get their money out of the country. Bitcoin and digital currency made it more convenient. Deleveraging seldom has a short-term impact on the value of the currency. However, over the longer-term it could be a contributor to unintended consequences – devaluation of the currency. In the meantime, it involves many balancing acts. |
|
|
|
" Because great leadership is a privilege that must never be taken for granted, I am thankful for each day that I can share my wisdom and insight with my team, my friends, and my growing list of followers. I know my own personal limitations, so I am thankful that I am surrounded by others who share my belief that our united efforts can change the world for the better. Thank you, and have a Happy Thanksgiving!” - Alan Yong Read more: https://dcebrief.com/from-all-of-us-to-all-of-you-happy-thanksgiving/ |
|
|
|
That's an interesting article. I have been personally puzzled by the rush to invest in lots of different ICOs or even a new coin that looks flashy. I picked some new coins to invest in back in 2014, including DNotes, and what's funny is that two of those coins I picked back then I'm still investing in now, and they're like old coins. I've picked up one new coin since then whose future is up in the air but other than that, I'm sticking with the tried and true ones, and trying to add to my holdings as much as I can. One thing that truly puzzles me is the Ethereum phenomenon, and I'm wondering if anyone here would like to comment on it. I avoided Ethereum for the longest time because every time I heard something about it, it was bad. Smart contracts getting hacked, millions of Dollars worth getting lost or held up somewhere in the etherspace where no one could find them until they sort of wandered back home. I wanted nothing to do with it. If I heard of an interesting ICO, I'd look into it and as soon as I learned it was ethereum based I'd drop it like a hot potato. I recently got into the position where I own two different ETH based tokens (one because I thought it was a NEM token and the other because I was kind of forced to--long story). So I finally tried to get a wallet and my first attempt failed repeatedly, until I finally switched to a different wallet. It works, but is very clunky. I guess what I don't understand is how a coin that is so awful can be priced so high and be so popular per coinmarketcap. That's the part I truly do not understand. Why is Ethereum where it is, and not one of a half dozen other coins that do smart contracts and wallets far better? Thank you, wiser. I always enjoy your posts – original, honest and refreshing. The fact that your picked two from years back that are still promising today, by itself, is quite amazing. I have high regards for Ethereum, despite their occasional stumble. It is difficult to be perfect. There is a lot of untested ground and uncontrollable. However, I am concerned about the potential fall-out of ICOs that SEC may deem “securities” that were sold without registration or exemption. Among other remedies, they can issue a rescission order to rescind or return the proceeds of the fund raised; much of the amount is still held as Ether and Bitcoin. A major case or a combination of a few could cause significant value adjustment. A wide-spread enforcement could be very damaging. Thanks for the kind words. I like your perspective on Ethereum--focus on what that project has accomplished, which is considerable. The two "new" coins I got into in 2014 are NEM and DNotes. With DNotes, it was the professionalism and dedication to developing solid infrastructure that won me over. With NEM, I kind of fell into it because I had been playing around with NXT, unfortunately not profitably, and some of their team decided to launch NEM and I got a stake figuring I had nothing to lose. Now I wish I'd gotten two or three. In 2015 I got involved with DMD, which by that time was already nearly three years old, and the longevity interested me. Early on I took a small writing gig with them and was very impressed with the thoroughness and ease of communication I had with the lead developer. That coin is now 4.5 years old and going strong, and paying a lot of my bills. The two newer coins I'm into now are STEEM--I really like the blogging for currency concept--(though right now I need to figure out if they're having growing pains or real issues), and VIVA, which I think is a great concept that will make it but at this stage is still a wild card. Honestly, four or five coins is about all I can handle keeping up with, so I'm not even looking at the new ones coming out. One thing I love about DNotes is that if I'm not around for a couple months I don't have to worry that there will ever be some deal breaking piece of information that I missed that I should have acted on immediately (as in sell off all my coins). I can know that DNotes will still be there and making progress. Thanks, wiser. You are very analytical and objective in your selections. Many investors in our industry can learn from you. There are always leaders and followers in any competitive industry, such as ours. And you are able to identify them. DNotes has a lot of moving parts and only those who can connect all the dots can appreciate its true value. It is strategically designed to be a long-term player and positioned for the next wave of serious investors and professional fund managers who take their fiduciary duties seriously. I have no doubt that our relentless commitment to building a trusted brand with integrity will be quite valuable one day and we all can be proud of it. I really enjoyed the article, especially because I hadn't heard about the Enron scandal. But it makes me really wonder about the definition of a 'bubble'. I've read about the Tulip bubble, the over-heated market and investing in investment companies that preceded that Wall Street Crash of 1929, the dotcom bubble, and in Australia, we've been waiting for the real-estate bubble to pop for well over a decade now. But the difference I see between these bubbles, and the cryptocurrency bubble is the underlying value of the investment. Tulips were over-priced, but still had natural value. Where as many of the dotcom companies received investment without ever having much of a chance at success, and had nothing of value at the time of investment other than a plan or an idea. I think that the cryptocurrency bubble can be reasonably divided into two halves. One is bitcoin and the other is speculation on the value of ICO tokens. I'm just guessing, but my feeling is that the majority of investors in ICOs never intend to use most of their tokens on the service that the ICO company is developing. For example, if you buy into an ICO that is going to offer you the ability to buy listening-hours on a music content platform, and invest US$1,000. It is not because you intend to get $1,000 dollars worth of great listening experience from your tokens. It is because you're hoping that you'll be able to sell the tokens to investors or listeners for more than you paid for them. If the ICO developers deliver a solid and wanted product, you might make a legitimate income by assisting developers bring a product to market. But because these ICOs typically gain hundreds of times more in funding than the development should cost on the open market, I feel like this outcome is unlikely or will be vary rare. Instead my guess is that early buyers in ICOs will profit by selling to the greater fool, and like any other pyramid scheme, it is doomed to end in tears. In this way, I see the ICO industry when viewed as a single unit as a bubble caused by investors hoping for nothing more than to sell before the crash. Bitcoin is different to this. And while the current price might be ten or one hundred times its present value, I believe that at some point in the future, the current price will reflect bitcoin's real worth as a utility, not a commodity. I also believe this is a widely held view and that many people who buy into bitcoin, even at the current price, will hold onto their investment through any trough, in the solid belief that it will always recover. But when I refer to bitcoin, I'm not really thinking about the current dominant cryptocurrency. I'm thinking about the utility of the blockchain concept and the coin that does the best job of providing that utility and supporting services. I am also aware that I'm not alone in this way of thinking because the concept is neatly wrapped up in the term, "the flippening". This is the point where bitcoin loses the combined market advantages that it currently enjoys from being both the first, and the most valuable / popular. If or when a cryptocurrency becomes more popular than bitcoin, it is believed that there will be a sudden and irreversible shift of investment from bitcoin, to the new favourite. And this is where I see the line between tokens, and other cryptocurrencies. Certainly some believe that bitcoin will continue to be the base coin, while their favoured cryptocurrency will be successful in parallel due to better functionality and supporting services. But I'm sure just as many investors in alt-currencies believe that they choice will eventually win out over bitcoin, and they will reap huge profits by being early adopters taking advantage of an undervalued coin. So while I don't see bitcoin as a concept as being a bubble, I do believe that there will be a point in time when bitcoin the currency will lose favour to some other currency and become close to worthless. And in that way, bitcoin owners who don't move fast enough will be burnt by the flippening as surely as investors in a bubble. As for DNotes, I see that it has huge potential. DNotes Global Inc is currently providing value to the community with its strong focus on education, and the care it is taking to establish a standard of ethical and inclusive behaviour in the industry. I don't see DNotes cryptocurrency having much current value as a utility because I have not seen it traded for goods or services outside of its growing community. I have never independently come across DNotes being used functionally. So whether DNotes will end up providing functional services along side bitcoin, or if ultimately DNotes will become the coin to dethrone bitcoin, I can't tell. I see they have the business acumen, and corporate culture it requires. But to achieve their potential everything depends on the functionality of DNotes and its supporting services. I wouldn't call this a definitive example of utility value or functionality by any means, but I've gifted people DNotes for doing voluntary work, and have included DNotes as a tip/gratuity for work that was paid in fiat. The thing I like about this means of distribution is that you're giving it to people who know the value of hard work, and understand what value productivity adds to a financial network. DNotesVault makes this very easy, because it doesn't take much tech experience to figure out, and all people need to remember to receive money is the email address they used to sign up. The ICO's are truly getting insane, many of them don't even have a blockchain at the time of launch. So if a promise to build a blockchain can be worth how ever many hundreds of millions of dollars to speculators, then what is a blockchain that has been operating functionally for several years worth? I've been kicking around cryptocurrency for a few years now and in that time I've seen hundreds and hundreds of blockchains break or be completely abandoned. I have never and will never participate in a black market ICO, because I've witnessed far too high a percentage of investors lose it all in a short period of time. DNotes has made is through some pretty tough trials and tribulations... I mean if we look at the price now, let's face it, it's bad. But even with that low price, the team is unwavering in their support and level of work ethic. While a good majority of teams would walk away from problems like this, we hit them head on and keep plowing through! Tim, again excellent job. I appreciate your earnest efforts to look at things from different prospective and share the reasoning why you arrived at that conclusion. This is the current reality confronting our industry, “ majority of investors in ICOs never intend to use most of their tokens on the service that the ICO company is developing …. early buyers in ICOs will profit by selling to the greater fool.” It is difficult to refute this statement. Herein lies the problem. The token is sold as an investment. It is speculated, sometimes manipulated, as an investment for greater gain. All the characteristics, based on facts and circumstances, lead one to conclude that it is a security, labeled as “token”. We could call it by a different name, but that does not change its status. All the characteristics remained the same. It is illegal to sell securities in the United States, and other countries for the matter, that are not registered or exempt. Now let’s look at the next conundrum. The token, or cryptocurrency is generated in a decentralized setting governed by algorithm. It is leaderless and no single individual or group of individuals controls it or has the right to do so. That is the beauty of the decentralized system. But, it has its limitations and can be problematic as we have seen many times. There is another crucial point to consider. The token holders, or stakeholders have no ownership rights to the private entity that raised all the money with total control over them. The “Golden Rule” applies here just as well – “He who holds the gold makes the rules.” The rules are never in favor of those who have handed over their money, without ownership rights to the new asset – a private entity in most cases. Unfortunately, the prevailing mentality is – who cares, if, I can find a greater fool and still make a profit. Sadly, we always run out of “fools” even when one is born every minute. That is the impending risk of a typical bubble before reaching its breaking point. We have the foresight to see all these at the launching of DNotes on February 18, 2014 and have been building a different path; whereby, one day, we can successfully bridge the gap between the new decentralized world with the centralized world. I have no doubt that it can be done, and it will be done. But, wow, getting people to understand to the point that they can connect all the dots seems to be our biggest challenge. With due respect, many in our industry are clueless what DNotes is all about. I am sure we have many skilled writers in our community who can do a good job in explaining the DNotes difference and an effective way to connect the dots. I challenge you to join me in our efforts to get the message out. In preparation for our funding for DNotes Global, Inc. I have been talking to many professionals in the legal and financial arena and keeping myself extremely busy these days. It is very challenging, but I believe it will be well worth it. While not many of them are as knowledgeable on the relevant subjects as I wished, I believe that we can engage the right firm to assist us in getting the job done. And there is a general consent that A+ Mini-IPO title IV tier 2 is the most appropriate program for us. A+ Mini-IPO title IV tier 2 under the Jobs Act allows us to raise up to $50 from accredited investors, and non-accredited investors with a 10% limit on annual gross earnings or net worth whichever is greater. We can set a lower minimum, like $5 but cannot raise more than $50 over 12 months. Although only US and Canadian companies are qualified to use Reg. A+, anyone globally can participate as an investor, subject to their domestic rules if any. Equally important, once approved general solicitations and advertisement worldwide are permitted. I shall conclude here and wish you all a Happy Thanksgiving. |
|
|
|
Its delisted from poloniex any plans on bringing dnotes to another exchange like bittrex?
Yes, we are. But realistically, don't expect another major exchange listing DNotes soon. It takes time, especially, when we are in the process of switching over to DNotes 2.0. |
|
|
|
Hi, @DNotes @Dyna. Great thanks for answering my newbie questions.
I see the the coin launched on 2014, the actual dev starts from April 2017. During 2014 and 2017 what DNotes focused is marketing.
I think it will be great to add some new technical improvement, for example: consensus protocol, lightening network, private sending and so on.
For me, I was a developer, making development thoughts and basic report are not complicated, actually quite simple and fun. Cause it's sharing the new ideas and progresses to everyone. I even write some to myself helping me organize the coding design.
If the developer could push the work to Github I'm sure this will gain a lot faith to DNotes holders.
Why not coding in the open source way? So that ppl can also contribute ideas, even code to DNotes2.0. Although I'm not a blockchain developer, but maybe someone in the community is good at this. For example the development of Linux and Bitcoin.
Since DNotes Global is not a none profit foundation, what the business plan to attract and convince investors to invest in the company?
No problem kopes18. To see the projects we have been working on since 2014, please see our roadmap here: http://dnotescoin.com/dnotes-roadmap/Quote from Alan above "For the first three years, we focused in developing our ecosystems, i.e. – CryptoMoms, DNotesVault, Family of CRISPs, DCEBrief and my book. We waited for the technology to mature and only started working on software development [of DNotes 2.0] on April 1, 2017." Also see 2017 in the roadmap for our list of carefully planned technical improvements for DNotes 2.0. As far as open source / github, please see my response above here: https://bitcointalk.org/index.php?topic=1924858.msg24964592#msg24964592 Our GitHub is absolutely open for anyone to contribute, but once the base code of DNotes 2.0 is completed we can more actively promote contributions along with bounties. There is the possibility some of the code will be radically different, so it doesn't make sense for us to promote it until DNotes 2.0 is ready. DNotes Global Inc. is a for-profit company, for more information on this please see the DNotes story here: http://dnotescoin.com/the-dnotes-story-an-unfolding-big-bold-idea-of-global-scale/I still can't see the business model of DNotes Global as a company. It is easy to get confused. DNotes itself is a decentralized digital currency. It is governed by algorithm. By itself, and I am trying to keep it simple, it has little capability of executing a business model or business plan. It is leaderless and it cannot be controlled by an individual or a group of individual like a real world business. We recognize that as a short coming of a decentralized organization. We believe that it is important to have a group, such as ourselves and our community to have sufficient self interest to promote and protect the best interest of DNotes. DNotes Global is an addition to that efforts to carry out the proposed projects on our road-map. Oh yes, I understand the currency part. But I think to attract Reg. A+ investment the DNotes Global inc should have a business plan for the company investors. I just don't see this part for now. Thanks! We have a business plan/white paper on the standby that is 90% completed. TeeGee has put in a lot of time working on that. I have also contributed and reviewed his work. Depending on the situation and disclosure requirements it can be completed as business plan, white paper, prospectus, or private placement memorandum, relatively quick. I am not in favor issuing business plan for general consumption, especially in our industry. It is often a wish list to fool investors; constantly subject to change. At this point, our Road Map is sufficient. Moreover, there is a massive amount of published materials about what we are working on and we are always here to answer any questions. Additionally, in the case of A+ Mini IPO issuing misleading statements or claims could negatively impact our chances of getting approval. We have always been very conservative but will be even more guarded as we take a serious look at A+ Mini IPO. Thank you Alan. I'm looking forward to the white paper and business plan. Yes, I think the roadmap sufficient ok for the coin for now, but since there is no pre mined or other service can relate the coin success to the company. Also DNotes will get 25% fund. This part confusing me, maybe I missed something or it's still in progress in the business plan paper? Hi kopes18. Many of the questions you asked have been answered, most of them many times. I recommend one of two things, or even both. First, do a quick read of this forum starting from page one. If necessary, go to our old forum as well, dating back to February 18, 2014. Second, PM me to arrange a Skype call. If it is important to you, I am delighted to give you 30 minutes. DNotes is uniquely different, in our business model, strategies and execution, as well as style and substance. It is difficult for most people to connect the dots. Like a chess game, it is difficult for the audience to understand the strategies behind every move. |
|
|
|
|
Show Posts
