Mobile Payments in China
One of the things about China that surprised me the most was the number of businesses accepting payments via a mobile phone app. In fact it was rare to see a business that didn't have a QR code sign displayed for this purpose. Even the small street-food stands all had them.




And it seemed to be about half the payments I observed were done using a mobile phone instead of cash. Sometimes the mobile phone was faster, other times the cash. When a mobile phone was used, the confirmation was usually made just by the buyer showing their successful transaction to the seller.

Of the options available, AliPay and WeChat seemed to be the top two choices. All of them seem to use a simple system where you scan a QR code with your mobile phone, type in the amount to pay, and confirm it with a button press. The verification seemed to be instant.

The ease of use, and adoption rate really interested me because at the front end, it looks just like how I imagine cryptocurrency payments will work. Of course the back end needs to resolve the speed issues but will have the advantage of much lower fees due to much simpler and more reliable infrastructure. After seeing this, I'm now of the growing opinion that between now and a dominant cryptocurrency option, we'll see a number of hybrid versions where the existing systems provide a wallet service that can be topped up using a cryptocurrency payment or emptied back into a cryptocurrency address.

WeChat is owned by Tencent Holdings Limited in China. And Alipay is also owned by a Chinese company, Alibaba Group Holding Limited. So while China is still forming its relationship with cryptocurrency it is unlikely we'll see a hybrid payment system any time soon. But if a mobile payment application becomes as popular as cash in the western world and implements a cryptocurrency wallet system, this will put a lot of pressure on China to do the same or risk losing their first-to-market advantage.

Hi all. Just a brief post to let you know that World Funding Summit was a fantastic success. DNotes’ presence was felt - with respect and admiration. I just got home for a few hours, rather exhausted, without sleep for the last 36 hours. Joe should be home by now. He was a huge help. We will be providing more details later and will be providing some video clips in a day or two.

I have been to many industry conventions and was a speaker at many of them. This one exceeded my highest expectation. It was dominated by some of the brightest minds and surprisingly came to similar conclusions, by an overwhelming majority, on almost all issues discussed.

Tokens are securities, with no known exception. Utility tokens, while technically possible, are rare and perhaps nonexistence. Sales of securities in the United States that are not registered, or exempt are illegal. ICOs, in their current forms are very high risk to the issuers and investors.

However, there are viable alternatives as mentioned in one of my earlier posts:

“Use Use Regulation A+ Mini-IPO of Title IV Tier II of the JOBS Act

I believe that this is the most viable funding option for DNotes Global, Inc. Reg A+, Title IV, Tier II allows a private growth-stage company like DNotes Global, Inc. to raise up to $50 million from American and foreign investors.

Like an IPO DNotes Global can offer shares to the public; domestic and foreign, and not just accredited investors. However, we will have to submit a filing with audited statements with the SEC and be granted approval before launching a mini-IPO. The complexities, cost, time, and reporting requirements will be significantly less burdensome than a traditional IPO. With the resources, I believe that from the time we make a commitment it can be done in six months.

A concurrent Reg. D & Reg S Initial Coin Offering

Reg D is a United States Federal program created under the Securities Act of 1933, and adopted in 1982. It involves a private placement memorandum designed to provide an exemption for companies to sell securities under certain rules to accredited investors without registration of the securities.

Regulation D consists of 9 Rules with 3 “Basic” exemption Rules. Reg D Rule 506(c) exempts offerings that are sold to investors who have been verified as accredited investors. Reg S exempts offerings made to non-US residents. They both allow for general solicitation and advertising essential to ICOs marketed globally. With professional guidance done correctly, Reg S ICO launched side-by-side with Reg D is a viable option, especially for our clients in the future”.
I believe that this is the most viable funding option for DNotes Global, Inc. Reg A+, Title IV, Tier II allows a private growth-stage company like DNotes Global, Inc. to raise up to $50 million from American and foreign investors.

Like an IPO DNotes Global can offer shares to the public; domestic and foreign, and not just accredited investors. However, we will have to submit a filing with audited statements with the SEC and be granted approval before launching a mini-IPO. The complexities, cost, time, and reporting requirements will be significantly less burdensome than a traditional IPO. With the resources, I believe that from the time we make a commitment it can be done in six months.

A concurrent Reg. D & Reg S Initial Coin Offering

Reg D is a United States Federal program created under the Securities Act of 1933, and adopted in 1982. It involves a private placement memorandum designed to provide an exemption for companies to sell securities under certain rules to accredited investors without registration of the securities.

Regulation D consists of 9 Rules with 3 “Basic” exemption Rules. Reg D Rule 506(c) exempts offerings that are sold to investors who have been verified as accredited investors. Reg S exempts offerings made to non-US residents. They both allow for general solicitation and advertising essential to ICOs marketed globally. With professional guidance done correctly, Reg S ICO launched side-by-side with Reg D is a viable option, especially for our clients in the future”.

We are quite certain that DNotes Global, Inc. will launch a Regulation A+ Mini-IPO of Title IV Tier II of the JOBS Act. It is now in our front burner. 2018 will be an amazing year for DNotes. It has been a long and demanding path that we have chosen but the right path. ICO debacle seems to make it easier for others to understand the DNote’s vision and while we stayed clear of ICOs. We are here for the long-term and the mutual benefits of everyone. “Where we are now matters far less than where we are going from here” Alan Yong.

DNotes 2.0 is a new blockchain with new features, that copies the ownership record of coins from the existing 1.0 chain.

So if you have 5000 DNotes on 1.0 you can swap them automatically for 5000 DNotes 2.0 coins at our DNotes vault - www.dnotesvault.com. Alternatively we are planning other means of swapping coins from other wallets, where users can send us their old ones in exchange for the newer 2.0 coins. Everyone will have the same number of coins on the 2.0 chain as they had on the current blockchain.

After 2.0 is launches, DNotes 2.0 will be "DNotes", and 1.0 won't be around anymore. We will honour swaps of old coins into 2.0 coins well into the future through the DNotesVault.

We currently prefer not to do an ico because of the questionable regulatory environment surround them, and they attract a lot of the wrong kind of investors who just want to flip it after a few days. Our strategies are for the interests the  long term project, and not for traders making a quick buck by dumping the moment Cound list on an exchange.

This is not a new project, but the same one with a new blockchain. ICOs are much better for making money for developers with other people's money. DNotes' founders have spent a lot of their own money on the project so far, and no free coins are created and given to the team when DNotes 2.0 launches. We will be releasing a business plan / white paper (I have written the first draft -  5500 words, and am editing it) which will have more information on our ecosystem, and block reward structure etc. I don't want to set a date for official release at this time. But it has been written, and will potentially require some graphics etc. We may want to add or modify sections, so releasing a copy sooner and then updating it could be an idea we can consider.

Written on my phone. Hopefully no errors.

Thank you for the question kopes18.

We have been around for three and a half years, and have found that for the most part bitcointalk (here) has served our needs well for engaging with the community. The advantages of this approach at this time for us are clear: message histories are saved and anybody can go back through the conversation history and read everything that has been said at their leisure, and public forum discussions appear on google searches -- making that information easier to find. This means we can say things once, perhaps share it on twitter / the website, and move on with development.

Telegram / Slack are good ways to communicate with a community, however they can absorb a lot of developer time answering the same questions on repeat. DNotes is not an ICO that has taken investment from token sales -- the process which seems to have made telegram and slack channels more popular (because everybody wants to know up-to-the-minute answers to things like: how do I unlock my coins? / where is development at? / or ask more questions about why they should give the project their money for a quick flip). DNotes has been completely self-funded up until this time, and we do not ask for contributions from our community, and as a result we don't have the same types of obligations that those who have taken ICO investment may have. In the nearer future, we may look into adding a telegram channel for people to talk to us, but such a channel needs to be managed (likely by a social media manager).

The conference in LA has gone well, I have heard. Alan and Joe have been talking with many people in the VC world while there, and the conference has exceeded expectations. We have discussed in this forum in the last two or so pages the potential funding routes we are considering for taking DNotes forward. Based on the conversations Alan and Joe have been having in LA at the VC conference, we are very sure that we are on the right path to tick all the boxes to attract venture financing, with amounts up to 50 million dollars shaping up to being a lot of work to carry out, but very achievable. This is the funding that would pay for many of the additional resources like social media management, developer teams to expand the DNotes application layer and ecosystem (mobile apps, exchanges, payment gateways etc), blockchain-based research and development capabilities, advertisers etc (all the usual business expenses that DNotes will require to take it to the level we are committed to). Joe or Alan will elaborate further when they return to Chicago.

Hi kopes18. Very busy day - Sorry I don't have the time for a better answer than this:

This is the press release from May 2017. The timeline has been extended to 2018 (reasons already covered previously in Dyna's & Dnotes' posts).


DNotes Prepares to Introduce DNotes 2.0 Update; Launches New Bitcointalk Forum Thread

DNotes has announced that its upcoming DNotes 2.0 upgrade will include innovative features and applications relating to smart contracts, blockchain technologies, mobile applications, and global payments systems. The upgrade is expected to launch later in 2017, and the company is unveiling a new Bitcointalk Forum in preparation for the event.

According to DNotes Co-Founder, Alan Yong, his team began expanding the company’s focus to include innovative technological development roughly one year ago. As Yong explains:

“The technology in our industry was primitive when we first entered – with many unresolved problems and uncertainty about consumer preferences. As a result, we spent our first three years positioning ourselves for success by building our core infrastructure and supporting business ecosystem while the industry matured, as we waited for the optimal time to build on the code-base that blockchain technology offers. That time is now, and the DNotes team is totally committed to promoting our industry through technological leadership that will pave the way to mass acceptance of peer-to-peer digital cash in global commerce.”

The DNotes 2.0 platform will reportedly represent a significant upgrade from DNotes as it now exists. After extensive research and consideration, the DNotes team decided to switch from Proof-Of-Work (POW) to Proof-Of-Stake (POS). The new blockchain system will be accompanied by positive changes in the company’s CRISP program, and will reward stakeholders monthly with an annual target of approximately 2% on balances held in qualified accounts for 30 days or more to encourage long-term investment and savings.

There will be an additional stake reward, with a target of 2% annually, paid to stakeholders who participate in “staking” to support the network. The new reward system will be the backbone of the new CRISP 2.0 savings plans.

The upgrade to DNotes 2.0 will also involve a one-for-one (1:1) coin swap, with details about that swap to be announced closer to the upgrade’s launch. The DNotesVault will have a major role to play in simplifying the conversion process, according to Yong. The launch of the company’s new Bitcointalk Forum is designed to enable DNotes to reach out to as many of its stakeholders as possible, while also inviting the public to join in the conversation.

One of the most critical choices the company has made is the decision to develop its platform on C#, rather than the C++ Bitcoin Core source code. Yong describes the decision as the direct result of his belief that mass acceptance of digital currency can only be attained by focusing on businesses and other consumers. As he notes,

“We are committed to a vision of 100% conversion to C# – giving us the advantage of knowing our own technologies and applications intimately well. This will put us in a position of great technological leadership, particularly when it comes to the blockchain and smart contract applications that are currently in great demand. C# is popular in the corporate environment, and is easier to develop and maintain when compared to the traditional C++ Bitcoin Core source code. It is expected that C# architecture will become a more popular platform in the future. Stratis is one such coin that has active development on C#, and we appreciate their leadership and contributions to our industry.”

DNotes has a history of taking a different path than most other digital currency offerings. The company has been vocal about its founders’ desire to build a trusted digital currency that is accessible to people of all walks of life, with an ease-of-use that encourages its widespread acceptance.

The company’s strategic planning has created an ecosystem made up of many innovative building blocks. Those building blocks include CryptoMoms – a currency neutral site dedicated to encouraging female participation; DNotesVault – a free secure storage for DNotes’ stakeholders with 100% of its deposits guaranteed with verifiable funds; DCEBrief – a news and information media outlet that delivers news on the latest developments in the world of digital currency; and CRISPs – a family of Cryptocurrency Investment Savings Plans for people around the globe. CRISP’s core mission is to make the savings opportunity available to everyone. Yong believes that access to savings opportunities can bring greater financial freedom to millions.

In addition, Mr. Yong has written a business book, “Improve Your Odds – The Four Pillars of Business Success”, which is designed to help any entrepreneur looking to maximize his or her chance of business success by employing proven business principles.

Today, DNotes is already well-entrenched in innovative technology development designed to contribute to rapid growth in the cryptocurrency industry. According to Yong, the company’s commitment to develop on C# will allow it to be the most innovative, responsive, and efficient in serving increasing demand from businesses and consumers alike.

To learn more about the DNotes story, visit http://dnotescoin.com/the-dnotes-story-an-unfolding-big-bold-idea-of-global-scale/

http://dnotescoin.com/dnotes-prepares-to-introduce-dnotes-2-0-update-launches-new-bitcointalk-forum-thread/

Hi kopes18, and welcome to the DNotes forum. There isn't a Telegram or Discord group, but feel free to share your thoughts and ideas here. The 'fine' details of most projects being worked on at DNotes aren't released until the project is launched. I hope this helps.  

Hi there - I'll ask the team to provide technical details and post here. But the short answer is that if you store an encrypted portion of a file on behalf of Fortknoxster you will be able to earn tokens.

In the new purse virus, the network was captured by the hacker that leaked all.