Trust that you had a great vacation with your lovely family, MiningHabit. It was good to see your posts on Facebook.

DNotes is very committed to its long term vision. Many building blocks have been laid. Once we start gaining momentum, it could be unstoppable.

Thanks for the quote of the day, "I'm here to build for the long term. Anything else is just a distraction." 

DNotes Think Tanks in 2020? That could be cool. I have been known for asking too many "why not" questions growing up. Well let's call it a wish list for now.

Yes, I will be among some great company. The timing is almost perfect with the release of DNotes 2.0. We are gaining a lot of respect and it is quite broad-base. My LinkedIn connections have shot up to 7,000 with many great connections. Strategically, DNotes is amazing well positioned. Most of our building blocks are now in place and other people are beginning to see what we are doing and why we are doing them.

Business strategies and executions are among my strengths. My book "Improve Your Odds - The Four Pillars of Business Success" is one of our building blocks. Included in it is Chapter 15 - The DNotes Story. I trust that we can raise the necessary capital for any entrepreneur who can master my book and put in practice the fundamental principles of business success. I will represent DNotes well at the conference, potentially with many great connections. I could be asked to help conduct work-shops for two days.

Tim, I will try my best to speak with David Koepsell. He is quite a thought-leader. It will be interesting see what he has to say about the future of identity management project, which I am keenly interested and following.

Thank you, Chase. That is a reasonable and objective prospective. I would add that the DNotes train has not even left the station yet. It is just getting ready. Whereas Bitcoin is packed through the roof and well on its way to destination. Perhaps DNotes has a lot more mileage left.

I had an excellent conference call with Victoria Silchenko, PhD. She is the creator and producer of the World Funding Summit. She has amazing vision in the world of future finance and very impressed by the vision of DNotes and DNotes Global, Inc. I could end up playing a bigger role than I anticipated. And that could be an excellent collaboration to jump-start DNotes NextGen-VC mentioned in our road-map (OP).  

I strongly believe that with DNotes 2.0 and our new blockchain we are in a great position to help many start-ups and existing small businesses to raise capital. Of course, using ICOs on DNotes blockchain and in compliance with existing regulations. We always believe in doing the right thing and that one day we will be well rewarded. I also like to see common people benefit from our success.

Excellent work, Tim. I love the headline, "Bubbles Riding Rockets & Falling Knives". That says so much about our industry. It is not for the faint-hearted. Always invest with caution and do not invest more than you can afford in the event of total loses.

Hi SCeeYong,

Thank you for your support and very thoughtful recommendations. The steep price decline of DNotes, quite frankly, caught us by surprise; so did Poloniex unresponsiveness to customer support. It certainly has negatively affected the value of DNotes. No doubt, BTC price jump to $4,200 + also has a negative impact on most altcoins, including DNotes.

Unfortunately, in the mist of software upgrade from DNotes 1.0 to 2.0 every exchange will want to wait until DNotes 2.0 is successfully launched and in their eyes - proven to be stable. Objectively, that will bring us towards the end of the year.

The good new is that once we switched from POW to POS the supply of newly minted DNotes will largely end up with DNotes long-term investors with CRISP accounts at DNotesVault. Together with other efforts, DNotes long-term outlook should be quite favorable.



 

Thank you, TeeGee. I just sent in my BIO. It is an amazing opportunity and a great exposure for DNotes. I am excited to be among many "A List" speakers.

Regarding Poloniex, my two withdrawals are still pending after almost 48 hours.  

Thanks, SCeeYong. Yes, we have a significant PR campaign scheduled for the last quarter of the year following the launch of DNotes 2.0. At the same time we will be approaching a number of exchanges to get DNotes listed. DNotes is poised to take a big leap forward by the end of this year.

I agree, Chase. It is frustrating. Prompt, polite, and positive communication with customers is critical to business success. I hope they will resolve the problems shortly and learn from it.   

Updates:

As of this moment, the only response I have received from Poloniex is a form letter below, like any one else would have received. In the past, I have consistently received almost immediate response from a support staff. Perhaps they are overwhelmed. Unfortunately, combined with the big jump in the price of Bitcoin, DNotes price decline continues. Investors never like uncertainty, though this is likely to be a simple fix of a broken blockchain.  

From Poloniex:

Dear Alan Yong,

We will look into the matter and get back to you as soon as possible.

In the mean time please do not create additional support tickets for this issue, we will use only this support ticket to communicate with you.

Apologies for the inconvenience and thank you for your patience.


Sincerely,
Poloniex Support Team


Ticket: https://poloniex.freshdesk.com/helpdesk/tickets/377048




On Sat, 12 Aug at 8:47 AM , Alan Yong wrote:

Hi,

I am Alan Yong, Co-Founder of DNotes and a big fan of Poloniex. I understand the demands of rapid growth and the challenges unique to our industry, and want nothing but the best for Poloniex.

There are complaints of withdrawal problems and declining customers support services at DNotes Bitcointalk Forum this morning: https://bitcointalk.org/index.php?topic=1924858.900

Please advise on how I should craft a response that is accurate to minimize further damage to your brand. To ensure that the reports are accurate, I have made two withdrawals and they are both still pending.

Feel free to let me know if there is anything that I can be helpful.


Best Regards,

Alan Yong

Thank you for bringing this to our attention.

I have written to Poloniex and hope to get a prompt response, which I will post here on this Forum ASAP. To ensure that there is an issue, I have made two withdrawals, (a small one and a larger one) over the last twelve hours. Although, successfully confirmed, both transactions are still pending. There could be a number of reasons as a result of their rapid growth and constant demand for upgrades. At this point I am not too concerned. Let's wait and see what they have to say.

Wow. Amazing prospective, Tim. If I ever start a "Think Tank" group, I want you to be a part of my team.

Unfortunately, we live in a rather "confused world". We need more people to think "outside of the box" to help our world to be slightly better. DNotes is our platform and I am 100% committed to our missions. We'll talk more later. I am heading home to Chicago, a 3.5 hours drive.

Oh just one more thing - I am confirmed as one of the speakers at the World Funding Summit this November in LA. It's a big deal to be among many "A List" speakers". Exciting time ahead for DNotes.
 

Thank you, Kelly. You have been very gracious. I must add that I am very proud of our community for being so supportive and positive.

You all are amazing and an inspiration to me. DNotes is fully committed to doing the right thing at the right time - of course, the right way. I trust that we all will be well rewarded one day - likely to be quite soon. We are very excited on the progress our team has been making in preparation of DNotes 2.0 launch. 

I am still constantly bombarded with ICO offerings and invitations to serve as an advisor which I have politely declined. From my vantage, there could be tens of thousands of ICOs in the making. Our industry is becoming a mega casino.

The following article is interesting. But it means leaving out the small investors in favor of accredited investors with annual income of $200,000 or more or net worth $1 million or more.  

https://cointelegraph.com/news/is-there-such-a-thing-as-a-sec-compliant-ico-filecoin-thinks-so-raises-52-mln

Is There Such a Thing as a SEC Compliant ICO? Filecoin Thinks So - Raises $52 Mln

The recent SEC ruling that Initial Coin Offerings (ICOs) will have to comply with securities registration laws (if the tokens they are selling are considered equity) has resulted in apprehensions that ICOs may dry up in the US. However, Filecoin has raised $52 mln in a pre-ICO sale, as a prelude to what is claimed to be a SEC compliant ICO.
What is Filecoin?

Filecoin, developed by Protocol Labs, is a decentralized storage network. The network is expected to give owners of unused storage a means to monetize their storage capacity. It is also expected to bring down the costs of storing data reliably. Given the large amounts of unused storage in data centers and hard drives around the world, a natural market exists for this service.

Pre-ICO

Filecoin has raised $52 mln in a pre-ICO sale, in which the company offered selected investors securities which would lead to the allocation of Filecoin tokens. Investors who took part in the pre-ICO sale include Winklevoss Capital and Digital Currency Group. This will be followed by an ICO on Coinlist, which will open on Aug. 7.
SEC compliant

The list of documents available for prospective inspectors is comprehensive – ranging from the white paper to Private Placement Memorandum to Simple Agreement for Future Tokens (SAFT). The tokens will not be registered under the Securities Laws and will be sold under an exemption clause only to accredited investors. Each investor will have to execute the SAFT and will have to complete an investor questionnaire to participate in the token sale. There are also constraints on the ability of investors to sell these tokens until they are ‘vested’ (Vesting Period as agreed in the SAFT and measured from the network launch).

Is this the right approach?

The SEC rule on accredited investors works on the assumption that wealthy investors (as defined by net worth) are more likely to be knowledgeable and understand the risks of investment. However, in the cryptocurrency space, this is not necessarily true. A cross section of people including students, software engineers, cryptography specialists, etc. may have a deep understanding about ICOs but may not have the net worth required to be an accredited investor. Preventing them from investing is only going to shut out a huge section of the cryptocurrency community from the ICO market.

Thanks, TimMarsh. Interesting read.

I found this quote most meaningful: "I own some myself, and have adopted the wise words of Wences Casares, one of the apostles of bitcoin: own less than 1 percent of your net worth, don’t buy and sell bitcoin, and don’t do anything with it for at least five years, at which point it will either be worth a lot more or absolutely nothing. I have yet to use bitcoin for a transaction, and wouldn’t know where to do so. That alone says something about where we are in its evolution."

Has anyone been to DNotes OP lately? https://bitcointalk.org/index.php?topic=1924858.0

I just did. Frankly, quite impressive and everything is on course.  

Well, I was approached by one of my 6000 + LinkedIn connections to be a speaker at the World Funding Summit on November 17 and 18, 2017 in Los Angeles. If all works out this could be a great thing for DNotes NextGen VC as mentioned in our OP road-map.

Thank you for sharing your opinion, Denver Dan. It is wisely expressed. DNotes is a long term play in an industry addicted to get rich quick mentality. It is best suited for disciplined investors who continue to accumulate DNotes when it is under-valued, such as at this moment.

We are barely discovered. But this will change soon. Once DNotes 2.0 is successfully launched, a major PR campaign will kick in. I also expect that DNotes will be listed in many more exchanges. Additionally, over 50 episodes of video are being produced for my book "Improve Your Odds - The Four Pillars of Business Success". We will aggressively target the corporate world using the book as our "foot in the door" to promote our blockchain and smart contract technologies. Yes, it will take a year or two to gain serious traction but we are telling you as it is. However, I must add that no other coin is better positioned than DNotes to gain the trust and acceptance of the coin as a global digital currency. Take this as a clue - we are casting a very wide net. DNotes is built to meet the full functions of money and the participation of anyone worldwide.

Sorry, Kelly, to hear about your situation. Not sure it helps, but I practically bet my farm on DNotes. Well, at least we will have a daylily named "DNotes" one day!

“Spoofy makes the price go up when he wants it to go up, and Spoofy makes the price go down when he wants it to go down, and he’s got the coin… both USD, and Bitcoin, of course, to pull it off, and with impunity on Bitfinex.”

If Spoofy can do this with Bitcoin, he can do it with any coin. Even in the real world currency manipulation happens as in the case of 1997 that led to the Asian Financial crisis. Unfortunately, there is very little that the small investors can do.   

Thanks for the link, TeeGee. Excellent article.

Just two brief comments before I head out to our recording studio at the farm in Michigan:

"2. Who is involved?
Look at the track record of the issuer and the broader development and advisory team. These are usually published on the website and marketing content. Some simple internet sleuthing can provide insights into the team’s experience. LinkedIn, CoinDesk, Medium and Reddit - while not verified information sources - can provide a wealth of background information and commentary.

For institutional purchasers (with larger wallets), you’ll want to do more digging, using your internal due diligence tools and vendor sources, as well as meetings with the issuer."

We believe that TRUST, integrity, and verifiable track records are invaluable for "internal due diligence". Institutional and other serious investors will find that DNotes is a rare breed in these areas. We started out from day one to build a trusted brand and fully committed to our missions of building DNotes as a trusted digital currency with a purpose for everyone worldwide to participate.  

"Getting professional advice on your situation is essential before participating in a token sale. Be aware, however, that capital controls and tax positions can change quickly and often without notice."

This always sounds like a great advice - certainly a great disclaimer. In reality, even if you try, finding useful professional advice is nearly impossible. This industry is still at its infancy. Invest with caution and do as much of the "home-work" yourself, first.

Very interesting. So, very soon the Chinese governing can start invoicing tax-payers what the government believes is due. Both under-invoicing and over-invoicing could be a big challenge for years.

"Unlike standard blockchain systems, GACHAIN is designed to ensure that command and control of the entire system remains in the government’s hands". Of course. It is a centralized closed system.

What is next? Perhaps accepting digital currency as tax payment.

Welcome to DNotes, goopuss. No, we do not have a formal marketing plan for DNotes that we can release. As we get closer to DNotes 2.0 launch things could. We often involve our community to support our PR campaign that includes special contests. PR is one of our strengths and we can respond quickly. Following the launch of DNotes 2.0 our PR efforts will greatly intensify.