Sorry if this has been asked before but with staking in the wallet, does the wallet have to be online all the time? is the reward proportional to the uptime? what proportion of the month is required to qualify for block reward?
Thanks
Hi Variant65, not a problem. The wallet does need to be up all the time and staking for staking reward. The reward is proportional to the number of coins being staked for that block. |
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Working on a DNotes Pay wordpress plugin for individual digital delivery type products. This will be the minimalist version using shortcodes to create individual payment buttons and automatic delivery. Still working out a few details, but to give you an idea: Where ever you put that shortcode, your custom purchase button will show up and allow your customer to purchase and receive immediate delivery of the product. We are also working on a software based pay per use DNotes Pay model, which we will be releasing with a software product to demonstrate the functionality and the use case. |
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DNotes Global Inc Launches Reg. D 506 (C) Funding To Raise $5 Million From Accredited Investors In A Series Of Three Funding Rounds |
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Thanks for informative video, from which I known more about how to use DNotes Automatic Payments. Demands on BTC has risen considerably recent days. It is one of early signal for future growth. Tim has been doing a great job on the videos, very informative and easy to follow. Thank you very much -- we will have a bunch more videos releasing in line with our updates, particularly showing off the automated invoicing. There will also be another one, perhaps two, production grade videos made to advertise our Reg D & wider milestones reached by DNotes. Always open to hear suggestions for various topics to make videos on -- explanations, vlogs, tutorials etc. This wouldn't exactly be educational, but you know those public interviews where the reporter asks random people on the street questions? It would be cool to go around asking people questions and giving away free DNotes on video. Like a gameshow quiz on the street where people can win DNotes by correctly answering questions about DNotes. That's a pretty cool idea Brandon. I'm thinking it could work if there was a DNotes app that could be quickly and easily downloaded, with DNotes address automatically generated, so that I would be easily able to just send them some coins using my phone. One possibility would be a DNotesVault app where the entire account is generated for the user and I could make payments to it using QR codes or something. Another possibility would be making use of scripts to create an account in their name using their email address, and having reminder emails sent to them every once in a while that remind them to log into their account for the first time and/or learn more. Things will be slowing down on my farm until harvest time, so I was planning on doing some tikering around with software anyways. That sounds very doable and I have an idea in mind that could likely work, it's similar to your second idea. I don't think we should open up a mobile app attack vector that is connected with DNotesVault, for security purposes, but using the daemon could work. Speaking of which, I can't seem to find the DNotes daemon. Is there one? Can be compiled from source per OS. You can email me the specifics if you need help. For the above, if you want something that doesn't require any setup/email validation, the best option would be some form of prefilled paper wallet you could just hand them. This could also be an electrum seed to a prefilled wallet. You could also get their email address, send to their email address from DNotesVault (even if they don't already have an account), and let them know to setup their account later. |
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DNotes Global Inc Launches Reg. D 506 (C) Funding To Raise $5 Million From Accredited Investors In A Series Of Three Funding Rounds |
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Although I understand the Mercatox wallet being down for an extended period is frustrating, I don't believe there is a reason to assume the worst. I counted about 30 wallets currently in maintenance, which at least gives me some clue that they are working on something. I reached back out to them to explain in this industry even something like the wallet being down for maintenance for an extended period will lead everyone to assume the worst, and asked for more information about the maintenance hold.
Thanks for reaching out to them and asking for an explanation. In my opinion, when there is extended maintenance that leads to a service or feature you use being disabled, there should be a good explanation with updates on progress. I'm sure that will be taken for granted in the DNotes ecosystem--customer service is a top priority. Just to be clear, I am not assuming the worst, or at least not acting on it. I have my DNotes waiting on Mercatox until I can withdraw them. It is true that people often do assume the worst under those circumstances, and unfortunately a lot of the reason is because in previous situations, technical difficulties (especially connected with the ability to withdraw funds) often preceded outright insolvency and some kind of announcement that actually, there are no funds. That happened with Cryptsy and a number of other exchanges, so people understandably get jumpy and nervous. My gut feeling is that Mercatox is indeed working on something involving wallet updates, but probably something bigger that impacts the wallets but isn't that all the wallets themselves have issues. If I had to guess I'd say it's some kind of issue related to scaling that has cropped up and maybe taken them by surprise and forced them to deal with it right now. One argument against that is that they have added several new coins. I also believe they simply don't place a premium on good communication, but that they don't mean any harm. Meanwhile, having the wallet down for 6 days is frustrating and stressful. I don't like being forced to store funds on an exchange, especially one that is new to me. The first one to notice the wallet back up, please post about it and spread the word! Sounds like a good guess to me wiser. The new additions are likely tokens (ERC20 etc...) that can be added fairly simply by comparison, with no new blockchain or overhead to speak of and minimal software changes. Let's give the Mercatox team more time to fix bugs (if they actually existed).
No reason to fall into panic and contribute making chaotic situation in DNotes community.
Let's it be what it be, and give it time to show off!
I agree iphmp159, let's give them some time. Let's also make sure they understand why we need better communication, otherwise we are left to assume. They have my full support and maintenance issue aside, I think they are doing a great job. |
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Although I understand the Mercatox wallet being down for an extended period is frustrating, I don't believe there is a reason to assume the worst. I counted about 30 wallets currently in maintenance, which at least gives me some clue that they are working on something. I reached back out to them to explain in this industry even something like the wallet being down for maintenance for an extended period will lead everyone to assume the worst, and asked for more information about the maintenance hold.
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DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://dashboard.listex.io/trading/notebtchttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcWe are actively working with and in active communication: https://www.coinexchange.ioBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ |
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Now that DNotes is POS, it changes the game quite a bit. NOTE moves from the energy intensive camp to the efficient side where folks can make money supporting the network without hurting the environment to do it. Mining was an incredible invention when it appeared in Bitcoin but, it's time is limited now that more efficient ways to verify transactions like POS are becoming commonplace.
PoS is better way to grown crypto ecosystem without significant adverse impacts on global environment. This sort of phase will help to make more sustainable blockchain operations. It's good to know that DNotes changed to PoS. Thanks dumedoiiph, PoS is much more inline with DNotes goals of becoming an inclusive digital currency. It doesn't require special hardware and very little knowledge required to get started, so it doesn't limit participation to those with the knowledge and money to properly mine. Staking as well as our CRISP reward involve stake holders in the distribution of newly created coins. |
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Ok, so I'm about to take back what I said about liking Mercatox! Wallet is STILL down, my coins are still trapped doing nothing when they could be making interest. This is getting old! Just venting...  Understand, it seems as though it's causing some negative pressure there as well. All we can do for now is open another ticket. |
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DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://dashboard.listex.io/trading/notebtchttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcWe are actively working with and in active communication: https://www.coinexchange.ioBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ |
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Cryptocurrency Exchanges Should be Self Regulated - US Think-Tankhttps://cryptovest.com/news/cryptocurrency-exchanges-should-be-self-regulated---us-think-tank/
I agree with this sentiment, but what it will take for self regulation of this industry is a group of highly motivated individuals to get the ball rolling. What better place to get the brainstorming started than right here with the DNotes community? First we are going to need to draft up policies, guidelines, and standards that the entire industry agrees to abide by. For those who are unfamiliar with these concepts, here is a great breakdown: https://frsecure.com/blog/differentiating-between-policies-standards-procedures-and-guidelines/Procedures are decided by individual exchanges in house, but we can start a list of proposed policies, guidelines and standards that will help keep cryptocurrency innovative, competitive, safe, practical, and ethical. Add to this list of suggestions as you see fit. POLICIES-Universal know your customer policy on transactions involving large sums of money -Abide by the laws in your jurisdiction(s) of operation or make a good faith attempt to do so if operating in a new sector that is devoid of applicable legal framework (eg. ICO) -Customer funds may not be traded, sold, or transferred (without good reason and due care) unless these actions are initiated by the customer who owns those funds. STANDARDS-Minimum fractional reserve requirements that must be met by all institutions who practice fractional reserve banking schemes -Quantification of usury as a percentage and condemnation of its practice -Transparency in listing fees and maintenance costs -Truth and transparency standards in advertising -Loan screening/background checks above a certain dollar value threshold GUIDELINES-Offer responsive customer support -Provide business credentials and contact information to your customers -Report suspicious activity to the proper authorities Thanks Brandon, this will be helpful for development of a DNotes exchange. Abiding by the existing laws will be very important for creating a long term solution for exchanges. |
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I'm really looking forward to the next releases of the invoicing scripts that are in the works! I find the current solution rather impressive. There is simply no other solution to date that I have seen (and I've googled) that completely disintermediates payment processing to just buyer and seller. The only alternative to using middlemen is to run your own bitcoin wallet as a server, that requires technical skills, security skills, and additional cost and complexity that just wouldn't be feasible for small business. In every other shopping cart instance that exists. creating invoices, receive payment, and distribute goods online requires the complicated setup of you own server, and at a minimum one third-party middleman who takes their fee.
DNotes' solution does away with all of this, creating one of the first true "killer apps" for cryptocurrency in the blockchain-sphere. Bitcoin evolved ledgers to solve the double-spend problem to make decentralized payments possible. DNotes is actively making that technology useful for mainstream adoption.
And to think Joe was bouncing ideas with me some three-or-so years ago for this particular concept, before it was announced mid 2017 as a feature of DNotes 2.0. Now the first experimental versions are releasing, with a range of other shopping cart integrations.
Agreed Tim, well said. Running your own server just for the daemon / wallet to run and manage transactions is simply not a viable solution for the majority of people who want to sell products. If we want to truly be an inclusive digital currency for the benefit of everyone, we need to come up with solutions for everyone to be able transact between two parties. That is exactly what we are doing, we are providing solutions from the ground up, rather than form the top down. This is what makes DNotes and DNotes Global, Inc. concept so amazing. It is actually beneficial for DNotes Global to act in the benefit of the majority of people, rather than just the ones with the money. What's good for DNotes is good for DNotes Global, and vice versa. This is exciting news!!!! Other than reading about it here how will the public learn that we are the first to do this? Others might find out and make it happen quickly with their organization and say they were the first to have it working. Then DNotes is second. Just asking how is going to be advertised? Thanks The Chezzz, marketing DNotes Pay will be an ongoing and multi-pronged effort, as part of our package of offerings. You can see our first press release here: https://bitcointalk.org/index.php?topic=1924858.msg41860816#msg41860816Which has already started making it's way around to major financial sites, and CryptoCurrency news sites, and social media. Reference Google search hereWe will reach people where they are looking for easy and cheap ways to accept payments. That is why integrating into existing web payment and ecommerce platforms will be important. |
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I'm really looking forward to the next releases of the invoicing scripts that are in the works! I find the current solution rather impressive. There is simply no other solution to date that I have seen (and I've googled) that completely disintermediates payment processing to just buyer and seller. The only alternative to using middlemen is to run your own bitcoin wallet as a server, that requires technical skills, security skills, and additional cost and complexity that just wouldn't be feasible for small business. In every other shopping cart instance that exists. creating invoices, receive payment, and distribute goods online requires the complicated setup of you own server, and at a minimum one third-party middleman who takes their fee.
DNotes' solution does away with all of this, creating one of the first true "killer apps" for cryptocurrency in the blockchain-sphere. Bitcoin evolved ledgers to solve the double-spend problem to make decentralized payments possible. DNotes is actively making that technology useful for mainstream adoption.
And to think Joe was bouncing ideas with me some three-or-so years ago for this particular concept, before it was announced mid 2017 as a feature of DNotes 2.0. Now the first experimental versions are releasing, with a range of other shopping cart integrations.
Agreed Tim, well said. Running your own server just for the daemon / wallet to run and manage transactions is simply not a viable solution for the majority of people who want to sell products. If we want to truly be an inclusive digital currency for the benefit of everyone, we need to come up with solutions for everyone to be able transact between two parties. That is exactly what we are doing, we are providing solutions from the ground up, rather than form the top down. This is what makes DNotes and DNotes Global, Inc. concept so amazing. It is actually beneficial for DNotes Global to act in the benefit of the majority of people, rather than just the ones with the money. What's good for DNotes is good for DNotes Global, and vice versa. |
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DNotes 2.0 Frequently Asked Questions: Q: What is new with DNotes 2.0?A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum). Specifications POS 2% Annualized Staking Reward Individual blocks reward will be Current Total Coins / 525,600 * 0.02 60 Second Block Target 0.005 Transaction Fee Source: https://github.com/DNotesCoin/DNotes2.0Download Wallet: http://dnotescoin.com/#DownloadDirectory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows) CONF dnotes.conf (all lower case) DNotes 2.0 Features Switch to PoS CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle. Automated Invoicing (First Phase) - Integrated blockchain invoice number There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins: 4/16/2018 Block# 2180897 133,574,552 Will be the total swappable amount of DNotes we create +20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund 153,574,552 Total DNotes 2.0 Created The next update (TBD) will include: Deferred Staking Q: How do I swap my coins? (after April 16th)A: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network. In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here: http://dnotescoin.com/DNotes/dnotes-qt1-3.zipYou will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update. Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions: Create a DNotesVault.com account if you don’t already have one. Login to your DNotesVault.com account, and click the HISTORIC tab at the top. Click Create Address, and send your DNotes to the address you just created. Coin swaps will be processed once a month until further notice. Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?A: We have set April 16th 2018 as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap. Q: Will DNotes 2.0 be listed on new exchanges?We are currently listed on: https://mercatox.com/exchange/NOTE/BTChttps://stocks.exchange/trade/NOTE/BTChttps://dashboard.listex.io/trading/notebtchttps://www.nlexch.com/markets/notebtchttps://bitebtc.com/trade/note_btcWe are actively working with and in active communication: https://www.coinexchange.ioBeta or Future Exchanges we are working with: https://blockbid.io/Q: Are the new DNotes 2.0 coins worth the same as the old coins?A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins. Q: I have Mac or Specific Linux OS, will there be wallets for these? A: Yes! We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know. Q: Where is the block explorer? A: https://chainz.cryptoid.info/note/StakingQ: What is Staking?A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year. Q: Can I stake my coins on the DNotesVault?A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades. Q: How do I stake?Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process. You will need to download the DNotes QT wallet here: http://dnotescoin.com/#DownloadInstall the wallet (and we recommend creating a backup, after encrypting your wallet) Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you). Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins. Soon the arrow at the bottom will turn green. This means that your coins are now staking. Video: https://youtu.be/bR66LWPRzAUQ: How do I get the most out of my staking efforts? A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around. Q: How much can I earn staking? A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100. CRISPQ: Can I get CRISP reward AND stake at the same time? A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking Q: What is the CRISP reward structure? A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period. Q: What do I need to do to earn CRISP? A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks. Q: When will I receive CRISP payments? A: The next payouts are as follows: May 1 - Ends first CRISP period. May 8 - Payout starts. (Virtually no one will receive this payout) June 2 - Ends second CRISP period June 10 - Payout starts Roughly. Q: Do I get CRISP payments at the DNotesVault? A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers. Q: Where do the CRISP coins come from? A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward. Q: How do I earn the interest reward?A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month. Wondering what DNotes is all about? Here’s the basics: What is DNotes?• DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency. • The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe. What are DNotes’ Benefits as a Currency?• DNotes is managed as a business – but not controlled as one. • DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth. • DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month • DNotes offers staking rewards for stakeholders – at 2% a year. • DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency. What Benefits Does DNotes Global Provide?DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem. The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency. DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value. DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency. Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes. What’s Next? Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO. DNotes Payment Solution Integration into Existing eCommerce Platforms Cold Staking Implementation & More Where can I learn more? Pitch Deck - https://dnotesglobal.com/PitchDeck.pptxPitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbEWhite Paper - https://dnotesglobal.com/white-paper/Website - http://dnotescoin.com/Blog - http://dnotescoin.com/blog-main-hub/ |
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All, this is the experimental Proof of Concept for automatic payment, confirmation, and digital product delivery. I will be uploading the script to our GitHub later, and Tim will do a demo video of setting up the script to accept payment. https://fourpillarsofbusinesssuccess.com/DNotesPay/You can make a purchase with DNotes of the book Improve Your Odds: The Four Pillars of Business Success in PDF format. Note: You cannot currently use the DNotesVault to pay invoices. Although this is experimental, it can be used now. This form of payment is designed for individual sellers, the hobbyists, those with limited resources, those with limited technical knowledge, content sellers, smaller transactions that do not require the protection that a formal commercial transaction may require. There will be other options for more commercial applications. Some of the features and benefits include: -Accepting payments doesn't require any account setup -Accepting payments doesn't require any real programming or specialized expertise -Digital products can be delivered automatically -Can accept payments in amount of DNotes or USD equivalent -Prices are pulled from CoinMarketCap API -There is no middle man -There are no additional transaction fees (other than blockhcain fee) -No setup or maintenance fees -Micro transaction capable -Borderless, payments can be accepted to and from anywhere in the world -Can be setup in no more than a couple minutes -Does not require a database -Minimal server requirements (it will work on pretty much any hosting out of the box) -Sellers will receive their payments immediately and be able to use their funds right away -Coders can expand, integrate, and adapt this method of payment to more secure, more robust, and more secure applications & More Setup includes: Changing the following variables $usd_notes = 0; //USD or Notes Payment config variable(0:usd , 1:notes) $amount_price = 9.95; // Amount to pay $tolerance = 0.1; // Payment tolerance $download_link = " https://fourpillarsofbusinesssuccess.com/pdfebook.pdf"; // Product url $confirmations_num = 0; //Number of confirmations required $short_description = "Four Pillars of Business Success PDF"; //Enter a short description of the product you are selling Add any number of DNotes Addreses Upload it to your web hosting. That is all. Should do a comparison to typical merchant account setup.  Live on GitHub: https://github.com/DNotesCoin/dnotespay-digital-pocPlease feel free to test and use. We invite any developers to contribute and improve the script. As I mentioned earlier, this is a usable but experimental or pre-release. New DNotes Video -- Automated Payment Scripts DemonstrationThe new DNotes automated payment scripts allow goods to be automatically distributed to customers after the scripts automatically determine that payment has been received after scanning the DNotes blockchain. The scripts are potentially the first solution of their kind to disintermediate payment processing and goods distribution so that the process doesn't require any involvement from middlemen. This is a game-change to the payment and goods distribution process, and will be of critical importance to our ecosystem. I imagine many investors in DNotes and DNotes Global in our Reg D that is now underway will take a keen interest in the innovative solutions DNotes are coming up with to solve real world problems that will make cryptocurrency appropriate for mainstream use. Check out our experimental script demonstration that illustrates the process at the link below: |
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I think I got my wallet working properly. I moved it to a new computer and in the process downloaded the entire block chain. It's been working as expected ever since. So I'm thinking somewhere along the line my original block chain got corrupted and kept kicking me off into lala land. My "new" wallet actually has a smaller balance than my previous wallet because apparently more of the minting instances than I'd realized were not real  Great, glad to hear it. It's good to keep an eye on it every so often and although there are much less issues and monitoring required than PoW mining, with staking you may still need to restart or potentially reset. |
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