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901  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 23, 2017, 04:21:20 PM
Those of you who follow DNotes closely may already know that we have created a viable ecosystem benefiting thousands of DNotes stakeholders. Take for example DNotesVault.
At the time of writing it has a Vault Balance:  20560415.489885 DNotes   backed by a  Guarantee Fund:  23,195,000 DNotes  - Verify Guarantee Fund Addresses

Among others, we manage a family of Cryptocurrency Investment Savings Plans (CRISP) covering children, students, retirement, and employee incentive benefits – with more to be added in the future.
Below is the most current representation of the performance of CRISP For Retirement. There are 293 account holders who stashed away 6,476,771 DNotes for their retirement. Collectively they invested a total of $73,157. Its value has grown to $473,230 – in three years. Impressive. But DNotes is a currency with a purpose to assist and benefit as many people as possible. Think of what we have accomplished as small scale models – proven and refined to work in large scale. Our next phase is to deploy some of these building blocks capable of ramping up to global scale rapidly. That is another DNotes’ difference.

Fron DNotesVault:

Helping to secure YOUR future in an uncertain financial world.
 
"Will you have the resources to enjoy your retirement or, will you still be working until you can no longer do so? In these uncertain financial times, it is becoming more and more difficult to maintain a retirement account that will actually see you through your golden years. DNotes believes that we can help. Please read the information presented here for more on the concept of using DNotes to augment your retirement savings."
Bob Fehn - Director, CRISP For Retirement
 
CRISP for Retirement Statistics
Funded Retirement Accounts   293
Principal Deposit Value   73,156.83 USD
Total Interest Payments   901,925 NOTE
Current USD Value   473,229.94 USD
Current DNotes   6,476,771 NOTE
Retirement Fund Bonus Balance   149,708 NOTE
 
 
CRISP For Retirement - A General Overview
 
CRISP for Retirement is an unstructured and self-directed plan, using DNotes as the investment vehicle to supplement retirement savings. Re-occurring savings, in any amount, may be added at any time. This savings plan can be started with any amount of DNotes by opening an account at DNotesVault with an expanded registration at the CRISP for Retirement landing page.
Source:  http://dnotesvault.com/crisp-for-retirement.php


902  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 23, 2017, 04:48:58 AM
From CryptoMoms' forum:

DNotes / Re: DNotes 2.0 Signature Contest
« Last post by Shepherd on Today at 04:45:05 AM »

Quote from: MiningHabit on Today at 03:31:05 AM
I'm in!!!

Quote from Shepherd:
Great to see you, MiningHabit. Hope you and your family are doing well. It has been a while since we had lunch but I am sure you can recall that DNotes stays on course based on the road-map I shared with you three years ago. DNotes is very well positioned to have a significant impact in the corporate world. Of course, we are just as committed to building a trusted brand and make DNotes accessible for anyone worldwide to participate.
903  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 23, 2017, 04:00:33 AM

The current price of bitcoin in Canada is $3036.10! Oh those Canadian dollars... Cry

Not to add insult to injury, but...

On September 13th 2012 CAD to USD was 1.03185
Around that time I believe Bitcoin was under $15 USD

Now 1 CAD is worth .74152 USD
Bitcoin is worth 2200 USD


I'm very thankful to have been able to get into Bitcoin while Canadian dollar was still near parity with the US dollar.

That is quite an adjustment.
904  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 22, 2017, 07:12:24 PM
Moving to C# was a great strategic move that should allow for better corporate world participation for distributed ledgers. Most languages allow for the implementation of anything - though C# has many advantages over other languages for development.

Since the DNotes platform is to work primarily to engage the corporate community, it is best to look at what companies look for when deciding on a language to employ:


Common use

Corporate entities put a large emphasis on reducing risk. Using the most commonly used coding languages that are proven and strongly supported, which makes finding capable programmers easy.

C# is widely supported, with it being easy to find programmers worldwide. By comparison, C++ (the code used for Bitcoin core and most blockchains) is very difficult to find highly capable programmers for - which makes developing and finding coders for C++ very expensive and time consuming.

Programming speed and cost

Companies both large and small are hyper-aware of the cost to creating applications, for which C# is a much better alternative than C/C++. Programmers in C# are much more productive in this regard due to C#'s forgiving nature in debugging. C#'s integration with the .NET framework and standard libraries (pre-programmed code) makes finding solutions much faster than C++ where much time can be spend writing code that should have already been written. Businesses need their enterprise applications to be written, tested and integrated quickly and will always prefer to use language which get them the best ROI in the fastest time.

Ease of hiring programmers

Microsoft and Oracle certify developers. Corporations hiring a lot of people find it much easier to confirm that the people they are considering hiring know they have the required base level of coding ability. By contrast, most top coders in C++ are very difficult to employ as they are rarer in number due to C++'s steeper learning curve.

When rapid and agile business application development is the primary goal, C# must be considered as one of the, if not the best programming language to opt for.



Thanks, TeeGee. Well explained without getting too technical. From a long-term strategic prospective, this will place DNotes in solid technology leadership to be a formidable player in the corporate space which has been seeing increasing demand to deploy projects involving smart contracts and the blockchain technologies. The only other coin that we know of at this time, coding in C#, is Startis. We certain appreciate their leadership and contributions to our industry. 
905  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 22, 2017, 05:06:25 PM
DNotes in the News




DNotes Releases Plans to Introduce DNotes 2.0 Upgrade; Launches New Bitcointalk Forum Thread
https://themerkle.com/dnotes-releases-plans-to-introduce-dnotes-2-0-upgrade/



DNotes Prepares to Introduce DNotes 2.0 Update; Launches New Bitcointalk Forum Thread
https://dcebrief.com/dnotes-prepares-to-introduce-dnotes-2-0-update-launches-new-bitcointalk-forum-thread/



DNotes Aims to Bridge the Gap Between Centralized and Decentralized Worlds; Launches New website
http://www.newsbtc.com/2017/05/22/dnotes-aims-bridge-gap-centralized-decentralized-worlds-launches-new-website/



DNotes Launches New Website to Link Centralized and Decentralized Systems
http://allcoinsnews.com/2017/05/16/dnotes-launches-new-website-to-link-centralized-and-decentralized-systems/



DNotes Releases New Web site– Purposes to Bridge the Space Between Centralized and Decentralized Worlds
http://www.cryptocoinupdates.com/dnotes-releases-new-web-site-purposes-to-bridge-the-space-between-centralized-and-decentralized-worlds/



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://markets.ask.com/ask/news/read/34294782



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://finance.dmwmedia.com/dmwmedia/news/read/34294782



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://investor.wallstreetselect.com/wss/news/read/34294782



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://investor.biospace.com/biospace/news/read/34294782/Bitcoin_Alternative_DNotes_Prepares_to_Introduce_DNotes_2.0_Upgrade



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://markets.financialcontent.com/ibtimes/news/read/34294782



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://thenumbers.marketplace.org/publicradio/news/read/34294782



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://finance.renewableenergyworld.com/pennwell.renewableenergy/news/read/34294782/Bitcoin_Alternative_DNotes_Prepares_to_Introduce_DNotes_2.0_Upgrade



Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched
http://markets.wnd.com/worldnetdaily/news/read/34294782


The most important take-away of today’s press release is as follows:
http://investor.wallstreetselect.com/wss/news/read/34294782

Bitcoin Alternative DNotes Prepares to Introduce DNotes 2.0 Upgrade; New Bitcointalk Forum Thread Launched

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.”
906  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 21, 2017, 05:33:15 PM
I'm so happy to see DNOTES back on this forum and with a new DNOTES 2.0 I'm also happy to see DNOTES switch over to POS. I have a question that might of been answered what will happen to the people that have their DNOTES locked into a retirement vault? as I have coins locked in a 5 year plan at the moment. Thanks and great to have DNOTES back!

Thank you, vella85, for your long-term support of DNotes. We always wanted to encouragement long-term investment and savings. And DNotesVault was born because of that philosophy. We also took notice that over the last three years many stakeholders in our industry have not been able to benefit from their coin switch from POW to POS. POS staking can be challenging and frustrating; consequently, only benefiting a limited number of participating stakeholders.

Among various features, we designed DNotes 2.0 to reward all our stakeholders with account balance 30 days or older. We stream-lined  all the different CRISP programs into one interest payment system, without penalizing early withdrawal. Once set up, the process is effortless on the part of our stakeholders.

Those who like to take it one step further can earn more by supporting our net-work staking DNotes. Again, we are committed to make the process as easy, secured, and convenient as possible. Each of the program earns approximately 2% per year.   


I think another crucial component to our ecosystem is not only that DNotes are paid as interest to our community who both stake the coin and/or hold their funds in a crisp account, but the DNotes themselves also act as a share in the DNotes Global company - which will undertake a series of profit-generating activities that tie into making the currency itself more useful to the community. This means that DNotes not only pay interest to its stakeholders, but its value is also backed with an intrinsic value - the profits generated. This intrinsic value affects the buy, and mitigates sell activity at the market by supporting its value - in the same way that a company that is making profit is always unlikely to have a share price lower than the ROI of the money it is generating compared to other investment options. This is truly different to all other cryptocurrencies out there, which are 100% speculative in nature, and often don't pay reward to money holders.

Cryptocurrencies need to function with similar incentives to modern money to encourage saving if they are to be successful. Most do not facilitate this need, and if they do, it is to a select group of miners who often don't continue to hold the currency, having little interest in its long term success. Proof of Stake rewards work much like term deposits, and along with representing equity in a company, create the incentive to save. 

Very good points, TeeGee. Thank you. The more people follow us closely the more they will understand that DNotes is more than just another alt-coin. We created DNotes the digital currency and have been building financial and economic systems in support of DNotes as it grows and expands. DNotes Global, Inc. will grow to become a power-house and an anchor to DNotes currency stability and good store of value. It will also serve to bridge the gap between the leaderless decentralized world with the centralized world where leadership, team-work, collaborations and unity of purpose matter greatly.
907  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 21, 2017, 02:18:34 PM
I see DNOTES has really evolved and matured and has always been a serious contender in the Altcoin world. Congratulations on your big success in a much volatile industry and I hope even at this bigger price to maybe stock up on a few and hold in one of the saving CRISP plans.

Hi qiman. Thank you for visiting us. Indeed, DNotes has evolved and matured and so has our industry and the technology itself.

 DNotes is a long-term hold with many big projects in the works. We are still a rough diamond to be discovered.
908  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 21, 2017, 01:50:12 PM
Yay dnotes forum is back in full force! Yes i also have owned dnotes for three years and agree that they will take it this company very far. This is a team with a dream thats becoming reality. They have a unbelievable abount of patience, more than i have.. haha  
But seriously they care so much about doing things right, that they follow through with what they say is coming everytime. They have always worded themselves appropriately. They hit the trust factor perfictly. Thats why even when they were quite working in the background not only did i not sell any, i bought more. Exciting times! Once again, i cant wait to see what the future of dnotes looks like!

Thank you mrbum805, great to hear from you again! Appreciate your continued support, we are working very hard to ensure the continued success of DNotes.

Loyalty is extremely beneficial and very hard to find. In cryptocurrency, investors sticking with a single currency is relatively uncommon, it's an endless cycle of take profit and move on to the next. DNotes having such loyal stakeholders is a real benefit. mrbum805 great to see you're still here.

Well its great to be back! and ya it just makes total sense in investing and having it be a long term hold. It wouldn't make sense to me to try to trade dnotes like I might with any other coins. However I am learning to stick with a few others but I feel Dnotes is just a great safe (obviously there's risk in new technology) long term hold. Ever since I saw how Dnotes operated, envisioned, goals, and listen to the community 3 years ago i knew you Dnotes would do well. Especially when you look at all Alans experience. The Ultimate envisionment is insane to think about when its all completed. I cant wait!

Thank you, mrbum805. You are always very kind. DNotes is now well positioned to stand out even more. We have always taken a different path. This will be the year when we can start seeing the positive results of many years of hard work.
909  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 21, 2017, 01:37:31 PM
I'm so happy to see DNOTES back on this forum and with a new DNOTES 2.0 I'm also happy to see DNOTES switch over to POS. I have a question that might of been answered what will happen to the people that have their DNOTES locked into a retirement vault? as I have coins locked in a 5 year plan at the moment. Thanks and great to have DNOTES back!

Thank you, vella85, for your long-term support of DNotes. We always wanted to encouragement long-term investment and savings. And DNotesVault was born because of that philosophy. We also took notice that over the last three years many stakeholders in our industry have not been able to benefit from their coin switch from POW to POS. POS staking can be challenging and frustrating; consequently, only benefiting a limited number of participating stakeholders.

Among various features, we designed DNotes 2.0 to reward all our stakeholders with account balance 30 days or older. We stream-lined  all the different CRISP programs into one interest payment system, without penalizing early withdrawal. Once set up, the process is effortless on the part of our stakeholders.

Those who like to take it one step further can earn more by supporting our net-work staking DNotes. Again, we are committed to make the process as easy, secured, and convenient as possible. Each of the program earns approximately 2% per year.   
910  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 21, 2017, 03:35:35 AM
Congratzon the update, looking forward to project Grin

Thank you and welcome to DNotes' forum, ymh343993. We are looking forward a great year. Hope to see you here often.
911  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 20, 2017, 10:55:13 PM
We certainly know that for any digital currency, including Bitcoin and DNotes, to meet the full functions of money is not a small undertaking. DNotes has gone to great lengths in positioning itself to be in the best positioned to accomplish that status one day – serving as a bridge between the decentralized and the centralized world with multiple large scale global projects.

At issues are stability in the value of the currency and reliable store of value. DNotes’ ecosystem and road map going follow place very high emphasis in accomplishing those goals.

Bitcoin is a Speculative Asset, Not a Currency, Says Economics Professor
Lester Coleman on 20/05/2017

Jeffrey Dorfman, an economics professor at the University of Georgia, sees bitcoin as an asset rather than a currency. Writing in Forbes that value of the cryptocurrency increased 140% in 2016 and 49% in the past month, Dorfman maintains the swings in either an upward or downward direction do not make bitcoin a plausible currency as much as a speculative asset.

Bitcoin does not make a good currency for two key reasons: its unstable value and its slow transaction time.

Dorfman claims the most important feature a currency has is being a stable store of value. This factor is important to a developing economy trying to attract investment. It is also important for developed countries to allow investors to earn the returns they expect on investments. An unstable currency makes it difficult for investors to predict the value of future earnings.
Because uncertainty makes investments less valuable, less investment occurs.

Bitcoin Price Swings
The value of bitcoin changed an average 2% over the last month, Dorfman noted. The exchange rate between the U.S. dollar and the euro, by contrast, was under 1% and only changed 3% for the full month. There were seven days when the value of the cryptocurrency changed more than 3%, which is more than the dollar’s value changed for the full month.

People do not want debts or investments denominated in a currency with value changing by nearly 50% monthly, Dorfman observed.
As for transactions, bitcoin is slow due to the process of protecting the security of its blockchain.

There are restrictions on how many bitcoin transactions can be completed in a day. Changing the rules for processing BTC transactions has met resistance in the bitcoin community from those who wish to preserve its traceability and anonymity.
Dorfman claims bitcoin’s security negates its value for everyday use.


Read more:
https://www.cryptocoinsnews.com/why-bitcoin-is-a-speculative-asset-not-a-currency/



It concerns me that people like Dorfman should be allowed to teach young malleable minds - though I'm aware the academic world is the biggest 'bubble' of all. The biggest problem in academia is that professors are very alienated from reality, by teaching theoretical models that only loosely apply to the prevailing system of economy set in place. They become highly invested in their world-view, which is based in what benefits them the most - the status quo. Academia is often 'rote learning', and of course the discourse is limited to the happenings of highly controlled economy - I've got an economics degree, and it was taught at an institution rated as one of the best in the world - but in reality, that rating is grounded only in the ability to teach topics effectively that are 'approved' for status quo buy in. A further complication of academia, and relentless study of the status quo, is that every finding from studies based on the [failing] status quo are then extended to all other markets that are not bound by the same rules and assumptions. This professor is not wrong in his immediate view of digital currency - they have speculative asset value, but these 'assets' have the ability to fulfill the functions of money in the way that our 'modern money' never can, but adding a few minor caveats would have been more intellectually honest. Modern money can't even fulfill the functions of money at all (guaranteed loss of value over time, only exists as debt, fractional reserve banking means the vast majority of it doesn't even exist etc).

Incorrect assumptions:

1. Digital currencies (which Bitcoin is one of) will have unstable value forever.


This is a very simple - any ecosystem must grow before mainstream adoption can occur. Any economics "expert" shouldn't even need to think twice about the fact that growth in any industry, stock, or currency requires large influxes of capital, and that the laws of supply and demand dictate that you can expect prices to rapidly shoot up when this occurs - creating a lot of instability along the way. When this outcome is logically extrapolated into the future, eventually a market that moves in this manner will stabilize over time. The number of people that are buying and selling will get much larger, making it much more difficult to move the price, even with large money flows in and out.

2. Digital currencies can evolve, and/or take market dominance from another.

Bitcoin's blockchain can be upgraded, and many developments regarding transaction limits and speed have already been developed, and even third party applications like the lightning network implemented. There are also alternatives to Bitcoin, that may one day move into prominence that have unlimited transaction volume and instantly process payments.


Quite simply, the present and the future can look very different - of which Dr. Dorfman seemed to remember how to look ahead to the future when it came to criticizing bitcoin - [sic] "An unstable currency makes it difficult for investors to predict the value of future earnings." - See, not that hard?

The parts the professor left out (or that the reporter left out) are very important to the true state of the industry. Dr. Dorfman is criticizing the current state of an industry, when the other side are discussing its "potential". It's like saying that the mobile phone was no good back in the year 1995, because it doesn't allow you to surf the internet like a computer does. We all know what happened there - with mobile internet access surpassing desktop usage in 2016.



That is a brilliant conclusion, "The parts the professor left out (or that the reporter left out) are very important to the true state of the industry. Dr. Dorfman is criticizing the current state of an industry, when the other side are discussing its "potential". It's like saying that the mobile phone was no good back in the year 1995, because it doesn't allow you to surf the internet like a computer does. We all know what happened there - with mobile internet access surpassing desktop usage in 2016."

Dr. Dorfman, like many other critics just look at the inherent weaknesses of emerging technologies and point out any imperfections. We, as innovators, are excited about the immense potential and commit our life savings and other precious resources to solve critical problems that constraint the progress of the technologies. We are dedicated to solving problems in what we believe will be beneficial to many people worldwide. Perhaps we are both right with a different attitude and motivation.   

Precisely DYNA.

One useful way to break down the attitudes of people towards innovation and progress is to break the population down into those 'reactive' and those who are 'proactive'. Reactive people wait to see what happens, and draw from the past to apply it to the future. They will always see limitations of what is today, and think this will always be. To them, the status quo is comfortable, and they likely benefit from its continuity. Proactive people by contrast don't see these limitations - they solve them through hard work and problem solving, and ignore the criticisms from those who sit back telling them something can not be done.

Proactive people are the ones who invest in the future, and create change in this world.

What would the world look like without the Edisons, Da vinci's, Rutherford's, Gates's, Job's, and Nakamoto's of this world, if they couldn't look ahead to see what could be?

The DNotes team is looking forward to the future and the potential that lies there. Watch this space.

Well said, TeeGee. We are positioned to address many challanges confronting our industry. Exciting future just around the corner that may not look so obvious at this time.
912  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 20, 2017, 10:09:42 PM
We certainly know that for any digital currency, including Bitcoin and DNotes, to meet the full functions of money is not a small undertaking. DNotes has gone to great lengths in positioning itself to be in the best positioned to accomplish that status one day – serving as a bridge between the decentralized and the centralized world with multiple large scale global projects.

At issues are stability in the value of the currency and reliable store of value. DNotes’ ecosystem and road map going follow place very high emphasis in accomplishing those goals.

Bitcoin is a Speculative Asset, Not a Currency, Says Economics Professor
Lester Coleman on 20/05/2017

Jeffrey Dorfman, an economics professor at the University of Georgia, sees bitcoin as an asset rather than a currency. Writing in Forbes that value of the cryptocurrency increased 140% in 2016 and 49% in the past month, Dorfman maintains the swings in either an upward or downward direction do not make bitcoin a plausible currency as much as a speculative asset.

Bitcoin does not make a good currency for two key reasons: its unstable value and its slow transaction time.

Dorfman claims the most important feature a currency has is being a stable store of value. This factor is important to a developing economy trying to attract investment. It is also important for developed countries to allow investors to earn the returns they expect on investments. An unstable currency makes it difficult for investors to predict the value of future earnings.
Because uncertainty makes investments less valuable, less investment occurs.

Bitcoin Price Swings
The value of bitcoin changed an average 2% over the last month, Dorfman noted. The exchange rate between the U.S. dollar and the euro, by contrast, was under 1% and only changed 3% for the full month. There were seven days when the value of the cryptocurrency changed more than 3%, which is more than the dollar’s value changed for the full month.

People do not want debts or investments denominated in a currency with value changing by nearly 50% monthly, Dorfman observed.
As for transactions, bitcoin is slow due to the process of protecting the security of its blockchain.

There are restrictions on how many bitcoin transactions can be completed in a day. Changing the rules for processing BTC transactions has met resistance in the bitcoin community from those who wish to preserve its traceability and anonymity.
Dorfman claims bitcoin’s security negates its value for everyday use.


Read more:
https://www.cryptocoinsnews.com/why-bitcoin-is-a-speculative-asset-not-a-currency/



It concerns me that people like Dorfman should be allowed to teach young malleable minds - though I'm aware the academic world is the biggest 'bubble' of all. The biggest problem in academia is that professors are very alienated from reality, by teaching theoretical models that only loosely apply to the prevailing system of economy set in place. They become highly invested in their world-view, which is based in what benefits them the most - the status quo. Academia is often 'rote learning', and of course the discourse is limited to the happenings of highly controlled economy - I've got an economics degree, and it was taught at an institution rated as one of the best in the world - but in reality, that rating is grounded only in the ability to teach topics effectively that are 'approved' for status quo buy in. A further complication of academia, and relentless study of the status quo, is that every finding from studies based on the [failing] status quo are then extended to all other markets that are not bound by the same rules and assumptions. This professor is not wrong in his immediate view of digital currency - they have speculative asset value, but these 'assets' have the ability to fulfill the functions of money in the way that our 'modern money' never can, but adding a few minor caveats would have been more intellectually honest. Modern money can't even fulfill the functions of money at all (guaranteed loss of value over time, only exists as debt, fractional reserve banking means the vast majority of it doesn't even exist etc).

Incorrect assumptions:

1. Digital currencies (which Bitcoin is one of) will have unstable value forever.


This is a very simple - any ecosystem must grow before mainstream adoption can occur. Any economics "expert" shouldn't even need to think twice about the fact that growth in any industry, stock, or currency requires large influxes of capital, and that the laws of supply and demand dictate that you can expect prices to rapidly shoot up when this occurs - creating a lot of instability along the way. When this outcome is logically extrapolated into the future, eventually a market that moves in this manner will stabilize over time. The number of people that are buying and selling will get much larger, making it much more difficult to move the price, even with large money flows in and out.

2. Digital currencies can evolve, and/or take market dominance from another.

Bitcoin's blockchain can be upgraded, and many developments regarding transaction limits and speed have already been developed, and even third party applications like the lightning network implemented. There are also alternatives to Bitcoin, that may one day move into prominence that have unlimited transaction volume and instantly process payments.


Quite simply, the present and the future can look very different - of which Dr. Dorfman seemed to remember how to look ahead to the future when it came to criticizing bitcoin - [sic] "An unstable currency makes it difficult for investors to predict the value of future earnings." - See, not that hard?

The parts the professor left out (or that the reporter left out) are very important to the true state of the industry. Dr. Dorfman is criticizing the current state of an industry, when the other side are discussing its "potential". It's like saying that the mobile phone was no good back in the year 1995, because it doesn't allow you to surf the internet like a computer does. We all know what happened there - with mobile internet access surpassing desktop usage in 2016.



That is a brilliant conclusion, "The parts the professor left out (or that the reporter left out) are very important to the true state of the industry. Dr. Dorfman is criticizing the current state of an industry, when the other side are discussing its "potential". It's like saying that the mobile phone was no good back in the year 1995, because it doesn't allow you to surf the internet like a computer does. We all know what happened there - with mobile internet access surpassing desktop usage in 2016."

Dr. Dorfman, like many other critics just look at the inherent weaknesses of emerging technologies and point out any imperfections. We, as innovators, are excited about the immense potential and commit our life savings and other precious resources to solve critical problems that constraint the progress of the technologies. We are dedicated to solving problems in what we believe will be beneficial to many people worldwide. Perhaps we are both right with a different attitude and motivation.   
913  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 20, 2017, 07:16:55 PM
We certainly know that for any digital currency, including Bitcoin and DNotes, to meet the full functions of money is not a small undertaking. DNotes has gone to great lengths in positioning itself to be in the best positioned to accomplish that status one day – serving as a bridge between the decentralized and the centralized world with multiple large scale global projects.

At issues are stability in the value of the currency and reliable store of value. DNotes’ ecosystem and road map going follow place very high emphasis in accomplishing those goals.

Bitcoin is a Speculative Asset, Not a Currency, Says Economics Professor
Lester Coleman on 20/05/2017

Jeffrey Dorfman, an economics professor at the University of Georgia, sees bitcoin as an asset rather than a currency. Writing in Forbes that value of the cryptocurrency increased 140% in 2016 and 49% in the past month, Dorfman maintains the swings in either an upward or downward direction do not make bitcoin a plausible currency as much as a speculative asset.

Bitcoin does not make a good currency for two key reasons: its unstable value and its slow transaction time.

Dorfman claims the most important feature a currency has is being a stable store of value. This factor is important to a developing economy trying to attract investment. It is also important for developed countries to allow investors to earn the returns they expect on investments. An unstable currency makes it difficult for investors to predict the value of future earnings.
Because uncertainty makes investments less valuable, less investment occurs.

Bitcoin Price Swings
The value of bitcoin changed an average 2% over the last month, Dorfman noted. The exchange rate between the U.S. dollar and the euro, by contrast, was under 1% and only changed 3% for the full month. There were seven days when the value of the cryptocurrency changed more than 3%, which is more than the dollar’s value changed for the full month.

People do not want debts or investments denominated in a currency with value changing by nearly 50% monthly, Dorfman observed.
As for transactions, bitcoin is slow due to the process of protecting the security of its blockchain.

There are restrictions on how many bitcoin transactions can be completed in a day. Changing the rules for processing BTC transactions has met resistance in the bitcoin community from those who wish to preserve its traceability and anonymity.
Dorfman claims bitcoin’s security negates its value for everyday use.


Read more:
https://www.cryptocoinsnews.com/why-bitcoin-is-a-speculative-asset-not-a-currency/



914  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 20, 2017, 01:56:59 PM
Hey there,

I just saw this thread and I have to admit, DNotes 2.0 looks very interesting! However, from the post there are a few tings that aren't quite clear to me.
 
1. Which consensus mechanism this coin uses. Is it Proof-of-Work mining or something else?
2. How many coins are in circulation?
3. What is the inflation rate per year?

Looking forward for some answers
-nytro

Welcome Nytrobound,

1. Which consensus mechanism this coin uses. Is it Proof-of-Work mining or something else?

We are currently using Proof-of-Work, however DNotes 2.0 will be released using the Proof-of-Stake model.

2. How many coins are in circulation?

Currently there are just over 120 million DNotes in circulation.

3. What is the inflation rate per year?

Current inflation rate is roughly 10%, DNotes 2.0 will be closer to 5%.


Welcome to DNotes, Nytrobound. We are happy to learn that you found DNotes 2.0 interesting. Since your questions have already been answered I am just expanding on your first question, (POS) for those who like to learn more.

The answer to your 1st question is found in the last section, Road Map – “2017” or what we are currently working on “Transition to POS.” DNotes is currently a Proof of Work (POW coin) and being mined as one. Once DNotes 2.0 is launched in the coming months it will become a Proof of Stake coin with a unique way of rewarding all our long-term investors with balance held in their account for 30 days or more. We are committed to making it easy, convenient, and secured for all stakeholders to participate. Most POS offerings today are quite challenging and frustrating to participate for the average stakeholder.

Additionally, there is a staking reward of about 2% (annual rate) for those who are staking to support our network. We will make the process and participation as simple and convenient as technically possible. 
915  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 19, 2017, 09:29:38 PM
Congratulations to the DNotes Team for a giant step forward. This may be the last rough diamond yet to be discovered in our thriving space.

Thank you for visiting and feel free to let us know if we can be helpful.
Could you describe the significance of The Four Pillars Of Business Success to DNotes for everyone, they may not realize how big of a difference taking a business minded approach to a cryptocurrency can make.

Part of DNotes strategy to form a cohesive ecosystem is to support businesses we integrate into our VC platform with consulting services. A key element of this is that DNotes Global will have a vested interest in our partner business's ongoing success. Our customers are the prime reason we are in business; and we will not signal a wave goodbye after our partner's funding rounds are complete - we care about their long-term success, and will go above and beyond to safeguard the most favorable outcomes. To ensure client business longevity in an economic environment that is seeing a reducing incidence of entrepreneurial participation, our consulting service strategy needs to include strategic and logistical planning aid before, during, and after they raise capital through our platform. The book will work as a written guide to DNotes Global's affiliates in aiding them to this end. Given the time-critical nature of our industry, we needed this written template put to paper before our focus moved towards implementing this (and other) key features of our ecosystem.



Well said, TeeGee. The book serves as a blue print for many aspects of our futures projects involving collaborations and partnerships. We have a strong conviction that by helping others to become successful it will ultimately result in great success for DNotes. Everything that we have done thus far, reflects our long-term commitment to build a trusted brand and one that is of great inspiration and value to those who believe in our missions with an invested interest.

I personally believe that many entrepreneurs and their employees will greatly benefit from the teachings of the book. When coupled with DNotes' full array of services and innovative technologies we will gain respect and acceptance among many corporate leaders.   
916  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 19, 2017, 07:18:50 PM
Congratulations to the DNotes Team for a giant step forward. This may be the last rough diamond yet to be discovered in our thriving space.

Thank you for visiting and feel free to let us know if we can be helpful.
Could you describe the significance of The Four Pillars Of Business Success to DNotes for everyone, they may not realize how big of a difference taking a business minded approach to a cryptocurrency can make.

Certainly. One of the predominant strengths of digital currency is its decentralized processes and governance. There is no central control or management. It is governed by mathematics and codes.  On the other hand, it is leaderless, sometime chaotic as a result.  Ownership is at will. Anyone can buy in and become a stakeholder as much as any stakeholder can sell 100% of the investment without notice. The lack of leadership and self-interest in the real world often result in disappointing performance.

Well managed companies with strong leadership, a united single corporate culture with everyone working as a team in pursuit of common goals will outperform their leaderless peer every time. “The Four Pillars of Business Success” is a comprehensive guide on succeeding in business. It place high value on leadership at every level. Its teaching is well reflected in the DNotes Story (Chapter 15 of the book). DNotes is managed like a business but not controlled as one. Its end result will be better efficiency, better productivity, and happier stakeholders. 
917  Alternate cryptocurrencies / Announcements (Altcoins) / Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World on: May 19, 2017, 05:36:19 PM
Congratulations to the DNotes Team for a giant step forward. This may be the last rough diamond yet to be discovered in our thriving space.

Thank you for visiting and feel free to let us know if we can be helpful.
918  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: DNotes Launches New Website – Aims to Bridge the Gap Between the Centralized... on: May 16, 2017, 04:24:24 AM
In response to your question Makeone, DNotes has been working to strategically position itself to be able to work as a bridge between the centralized and decentralized world. This means adopting the philosophies of the decentralized world of cryptocurrency while paying careful consideration to the regulatory requirements of the centralized world, as to not step into any 'legal grey areas', which could burn important bridges.



Here are a few of the places that have republished this article:

Bank Affiliates
https://research.tdameritrade.com/grid/public/markets/news/story.asp?fromPage=results&docKey=100-133p5473
https://wellsfargoadvisors.mworld.com/m/m.w?lp=GetStory&id=700320351

News Media
https://finance.yahoo.com/news/dnotes-launches-website-aims-bridge-213000020.html;_ylt=AwrBT8ofqxdZLwUAOgBXNyoA;_ylu=X3oDMTExYWc5c2tjBGNvbG8DYmYxBHBvcwMzBHZ0aWQDREZENl8xBHNlYwNzcg--
http://investorsbuz.com/2017/05/12/dnotes-launches-new-website-aims-bridge-gap-centralized-decentralized-worlds/
https://www.thestreet.com/story/14134332/2/dnotes-launches-new-website--aims-to-bridge-the-gap-between-centralized-and-decentralized-worlds.html

Jesus man, I don't care what your mantra is, nor does it matter that you have spent time doing PR (which at such an early stage is not really what your focus should be on...). All you've told me other than your little buzzword "bridge between..." is that you help corporations looking into crypto with legal work? Let's try to cut through the fuzz here, what is it you guys do?

Thank you for continuing to express interest, I'm sorry if I wasn't clear enough. You should find some of the answers you are looking for in this video https://www.youtube.com/watch?v=ar8C7xBgpIE and you can find out more in Chapter 15 of Improve Your Odds : The Four Pillars of Business Success entitled "The DNotes Story". In the near future DNotes will be further clarifying plans and detailing anticipated upgrades.
Gaining mass acceptance of digital currency is a gigantic endeavor. To a considerable extent, I agree with your observation that “it would be impossible to really make any crypto accessible to the masses without the backing of the big guys.” I trust that you can agree that it is not something that can happen over-night. It takes time and earnest efforts to create the infrastructure that others, including “the big guys” would finally be convinced that DNotes is worthy of their participation or “backing”. We have taken the last three years building our ecosystem we believe that are essential at this formative stage.

Briefly, the DNotes team created DNotes the digital currency (currently working on an extensive up-grade to DNotes 2.0) we are the founders of CryptoMoms, DNotesVault, DCEBrief, DNotesEDU, and CRISP. Additionally, I am the author of “Improve You Odds – The Four Pillars of Business Success” I trust that once you gained a better understanding in  what DNotes is all about, you will find our situation interesting and strategically sound. 

919  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ⚒ Syscoin - 2.1.3 w/Segwit Released! Decentralized Business Blockchain Platform! on: April 17, 2017, 03:50:42 PM
Hey everybody!

We need addnode for syscoin!

we had mined somes of them; and can you gives us somes nodes?

Thank's


http://join.syscoin.org/
There you will receive answers to all your questions
thanks for providing this mate, its helpful for newcomer to learn more about this exciting project, sys is moving green inside polo
and i think it will move forward more rise to expect better to keep buying and holding for much better earnings.

You're right. In the next 1-2 months the price will be 0.1-0.2 USD

Most likely even higher.
Top ten worthy, no doubt.
Only question is when market will follow.

Syscoin is on a nice run up and gaining a lot of value.The price needs to go above 2600 sats and we will see SYS rocket really going straight to the ATH at 4000 sats.

10-20K sats sounds about right.
10K sats medium-term sounds reasonable. Syscoin is my largest holding among a handful of coins besides DNotes. I valued developers firmly committed to stakeholders' long-term value. 
920  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open on: February 19, 2017, 02:47:30 PM
From CryptoMoms Forum:

Quote from: Chase on February 11, 2017, 04:27:37 PM

DNotes 3rd Birthday

DNotes was launched on February 16, 2014, and to celebrate its 3rd birthday, we will be re-opening the Bitcointalk thread from February 16th - 19th. This will give everyone a chance to catch up and ask any questions they may have about our plans going forward.
                                                                                                                       
Please drop in at the DNotes thread on Bitcointalk from February 16th to 19th to say hello, and to see how DNotes is differentiating itself from the rest of the industry.
   
                                                                                        Smiley   Smiley   Smiley

"If  DNotes were to succeed as the digital currency of the future with lasting value it has to take a very different path to reach that mountain top. It must build a solid foundation, block by block, systematically, while executing its strategic plans at the most opportune time which may often conflict with that of speculators."
Bitcointalk: March 8th, 2014 - Alan Yong, DNotes co-founder

From Shepherd Today:

Thank you everyone for visiting us with your best wishes. Today is the last day to visit us at DNotes BitcoinTalk Forum. To make the best use of our time we will only be posting on CrytoMoms until later this year. Most likely a new forum will be launched at that time with many new updates. http://cryptomoms.com/forum/index.php?action=recent
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