An interesting article on Forbes for anyone who read recent media reports about the latest Mueller indictment of 13 Russian officials, saw the repeated references to how the accused used Bitcoin to fund their hacking/phishing operations, and thought: "Here we go with the anti-crypto narrative again." This article correctly observes that the very fact that prosecutors were able to trace the transactions demonstrates that coins like Bitcoin "may not be the best economic instrument for criminals." "The 29-page indictment clearly outlines the concerted efforts carried out by Russians operatives, including such commonplace cyber threats as spear phishing, malware, spoofing, virtual private networks (VPN), social engineering, and the use of bitcoin as a means of payment. It is perhaps this last area, the use of bitcoin and the perception of anonymity the agents relied on, that left the clearest trails of their financial movements and wherewithal. This much is shown in the indictment, which devotes substantial passages to outlining how bitcoin’s public blockchain registry served to trace back $95,000 and the perceived anonymity the perpetrators relied on. While the bitcoin blockchain does provide “identity shelter” in the form of pseudonymous addresses, it is nevertheless a highly traceable transaction registry, much more so than the U.S. dollar for example, which only triggers red flags at large transaction thresholds. These anti-money laundering (AML) and know your customer (KYC) rules in traditional banking also rely on often spotty compliance from a vast global banking network (one that is often culpable), wherein transactional information is stored in a one-sided manner and may be typically accessed through subpoena. The bitcoin blockchain by contrast is a public ledger and the movements of capital and their destinations, albeit in hashed digital addresses or wallets, are highly traceable, widely known and at a much lower transaction value. In effect, these properties enables law enforcement officials to quickly ring-fence a suspect transaction, set up trip wires and follow a veritable digital crumb trail if bitcoins are liquidated. This much held true in the WannaCry ransomware attack, where despite the vast ransom drag net, the cyber criminals only absconded with $65,000 worth of bitcoin. While crypto crime fighting clearly taps a new set of forensic and technological approaches, such as Bitfury’s Crystal, the indictment, like the limited haul of the vast WannaCry ransomware attack, which spread to over 150 countries over a weekend affecting thousands of organizations, shows that bitcoin may not be the best economic instrument for criminals." https://www.forbes.com/sites/dantedisparte/2018/07/15/does-the-russian-indictment-exonerate-bitcoin/#7a6376ad418aIt sounds like there will be demand for cryptocurrency developers arising from within law enforcement and government agencies in the not too distant future. There will be a huge monetary incentive (in government contracts) for developers who come up with innovative solutions to better map data and expose illicit networks operating in blockchain based currencies. The key could be creating some kind of "global network mapping software" that can read both blockchain and internet access ports, then match transactions based on similar properties and compile it into a detailed list. This would be the kind of list that should remain private at all times, and an individuals data should only be obtainable with warrant. |
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Great write-up Angela. DNotes is picking up speed at a tremendous pace, it can get a bit difficult to keep up with all the progress being made, especially when there is work being done on so many fronts. Even those of us who have been here from the very beginning can have a tough time keeping up! To get a good idea at how DNotes is progressing (strictly from a technical standpoint), check out the amount, and the quality of new commits on DNotes GitHub since Geneca took over software development for DNotes https://github.com/DNotesCoin |
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This is a great article, it is an accurate assessment of where this industry currently stands.
Cryptocurrency reality checks and the coming boomhttps://www.zdnet.com/article/cryptocurrency-reality-checks-and-the-coming-boom/Like the early stages of the dot com boom, the initial speculative crypto bubble is over. Expect waves of rapid evolution next, as maturity kicks in and serious players emerge and scale. ... If you're thinking cryptocurrencies have been an embarrassing speculative fad full of shady offshore players you'd be largely right - but we are also now arguably at the end of the beginning and moving into a far more interesting era. If you're also old enough to remember the early stages of the dot com frenzy in the mid 90's you'll remember a similar scenario: Outrageously ambitious business plans based on unproven new technology and markets, endless hand waving self promoters and scammers confusing perceptions of reality, cliques of technology experts, VC's and suits pumping up their market segment positions. The naked greed and quick buck speculative atmosphere around cryptocurrencies resembles the rapid rise of the web 1.0 dot com era - from ugly, confused and often corrupt beginnings rose the industry that today dominates the world and the financial markets. Just look at mid 1990's print magazine articles and TV shows - before everyone was on the internet - for evidence. I recently met with the organizers of next week's Distributed2018 conference in San Francisco to get their perceptions of where we are after the recent speculative bubble deflations around bitcoin and other cryptocurrencies. In my opinion speculative frenzy has overshadowed far more fundamental shifts in the maturation of a space which in certain important areas is rapidly gaining sophistication, scale and security. The irony of our meeting up to discuss this in downtown San Francisco's post Amazon retail apocalypse of empty store fronts, victims of the crushing success of the dominant online sales platforms, wasn't lost on any of us. Distributed2018 is an interesting event, and a laudable effort to help east to collaborate and share thoughts with west in San Francisco CA, with significant participation from Chinese, South Korean and Japanese conference organizers and attendees. The organizers are striving to create a credible discussion forum nucleus for the serious side of cryptocurrencies, blockchain and smart contract business logic in a world awash with hype, hustle and zero calorie content events. The organizers feel we have definitely been through a reality check phase around cryptocurrencies, with a lot more hard questions being asked around investment in previous generation of Initial Coin Offerings (ICO's) and more importantly upcoming launches. Just like in the early dot com days the rear view mirror makes for some pretty bizarre viewing of the routes taken to get to where we are today (misinformation, speculation, hyperbole and mis-steps) but the route forward looks very interesting indeed as the space matures and regulation around the world begins to start to catch up. More importantly, serious financial market interest is building around 'old money' onshore regulated investment in credible ventures. Crowdsourcing - Kickstarter projects etc - were originally a Web 2.0 phenomenon to help quickly fund ventures via lots of small contributions from interested parties worldwide, instead of the slower route of pitching angel investors and venture capitalists. ICO's crowdsourcing origins subsequently grew to be a mutant monster of this approach, and just like the dot com boom has been driven more by greed than logic with a few exceptions. In my opinion reframing ICO thinking as early stage investment in promising ventures is a healthier way of looking at this going forward, and given the way venture capitalists have been buying the ICO coins of credible start ups to hold stakes in them, this appears to be the way of the future. Many venture capitalists are also now writing restrictions on ICO's into their terms and agreements in order to protect their early stage investments from dilution. The hard facts are that despite all the endless hype about innovation and start up culture, venture capital, angel investment and corporate budgeting is inadequate in a world that is moving ever more quickly. Investing in ICO coins or tokens as ownership of 'early stage shares' in a business entity you believe in is a healthy VC like approach - and just like VC's If you don't understand the business model, stay away. The Distributed2018 organizers agree - the pace of innovation and change worldwide needs a new, more agile digital framework to support the speed at which business opportunities evolve and mutate, and the pace is only likely to get faster. Taking a long view on the maturity of crypto currencies, the world wide web from its infancy is barely 25 years old, the iPhone ignited and quickly matured the smartphone and apps revolution eleven years ago and Facebook - who this summer are rumored to be contemplating a cryptocurrency payments system for use on their platform via a company wide blockchain platform - only reached meaningful scale (launching 'like' buttons etc) around ten years ago. Read the rest at https://www.zdnet.com/article/cryptocurrency-reality-checks-and-the-coming-boom/ |
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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 Awesome work. These investors will be in a great position investing in Dnotes Global while the price of DNotes is so low. |
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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? |
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I think dnotes is a most undervalued token in the holl crypto world now. It must be atleast 8000-10000 sat .....and im prety sure it will be very very soon! PS>Sorry for my bat English but im from Bulgaria, i do my best to make dnotes faumos here  Best of luck to all note-comunite. Cherrs Your confidence in DNotes is very inspiring! I'm pretty sure that DNotes will begin a trend of price decline at the beginning of each month due to CRISP payment selloff, and will increase in price in the second half of each month because of people buying before the next months CRISP period. In terms of what price it will reach, your guess is as good as mine, but it will reach its fair value eventually. |
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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. |
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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 How about NO fractional reserve banking at all. Just use funds the way the customer thinks they are being used. If a customer wants to tie up some funds in a loan, maybe said exchange could offer some options. A few exchanges already offer the ability to lend to margin traders at interest and that's always fun to participate in if you have some BTC you're willing to tie up for a few days. There could be some kind of interest bearing loan for a set amount of time where the user lends money to the exchange for the exchange to invest in infrastructure or whatever and the loan gets paid back in an agreed upon manner. But I don't think an exchange should ever believe that because they consistently have a certain amount of funds on their exchange at any given time, they are free to spend those funds in other ways. To be able to do that, you really need to be a bank, not an exchange, and it's arguable as to whether or not banks should even be doing that in the first place. The way in which limit orders are processed needs to be fully disclosed. Most people assume limit orders fill in the order they were placed. That should be stated. If there's a different process, that should be disclosed as well. If there are hidden orders, that needs to be disclosed (not the individual hidden orders, but the fact that there are hidden orders), and the way to place a hidden order should be clearly explained. Any wallet maintenance that disables any part of the wallet function (such as withdrawals, deposits, etc.) needs to be done with very regular progress updates and ETAs for going back online. And if for any reason an ETA can't be reached, then a new ETA with a good explanation for why earlier one wasn't reached needs to be posted. All that info should be accessable from each user's wallet page. That will cut down significantly on support requests so I don't see why more exchanges don't do this anyway. State of the art security for customer funds needs to be a high priority. I believe specific security standards should be developed by IT people who understand that stuff. Related to that, there should be standards set for how many "glitches" are allowed per day or any other interval, where things aren't working as expected, and standards can be drawn up for how to minimize those issues, which are usually related to scaling. Some kind of minimal infrastructure could be a requirement to receive a certain type of rating (such as A, B, C, etc.). I think in a similar way to how there are standards and recognized procedures for how to build bridges, automobiles and airplanes, there can be those standards and procedures for how to build exchanges. Some things that you can throw together in your garage may be OK for a very small group of people but won't hold up when your user base grows beyond a couple thousand users. All fees need to be clearly disclosed both ahead of time and as transactions are being set up. A really nice feature BitTrex has is the ability to go straight to a coin's wallet from the market page so you can make a deposit of that coin without leaving the market page. Another feature I like in BitTrex is having a coin hyperlinked to its market so you can go directly to the desired market from your wallet. Thorough transaction records need to be kept and made accessible to users via export and API at any time (with maximum allowed "outage" periods). Trading records need to include what coin was bought, what coin was sold, and how much of each, time stamp of trade, and what fees were paid in what currency. Full disclosure on procedures for customers reclaiming funds in the event of a hack. I would like to log in to an exchange and be able to know ahead of time how the exchange will handle the return of my funds if despite all security measures, funds get stolen. The main reason is that the better prepared to handle an event such as a hack resulting in loss of funds, the less likely such an event is to happen. I'm sure I can think of more... My initial thought would be to agree with you on banning fractional reserve lending, but if a digital group wants to or needs to capitalize on this untouched opportunity then maybe they should be allowed to? All we can do is inform the public to the best of our abilities so they can make wise decisions. Since the majority of new fiat money is created through fractional reserve lending, a digital token should be able to function in the same manner. But don't get me wrong, I think it will end the exact same way as the countless other currency debasement schemes that have taken place over the past several thousand years; but they will never gain such widespread adoption with an informed public. That being said, the industry needs some way to fund oversight and enforcement, because if there isn't someone willing to back up the rules, they aren't worth the paper they were written on. I highly doubt that most cryptocurrency users will be willing to fork over the money to protect their investment, so some sort of debt based inflationary monetary system may be a necessary part of the equation. That's a tough one, and I guess people and businesses should always have a choice. So, in that case, some standards for "appropriate" fractional reserve would be in order. However, I would still reserve the very top rating to exchanges that don't engage in this. I personally think that fractional reserve banking isn't really the place of an exchange, plus the exchange already profits on trading fees so there isn't a need to try to figure out a way to make money while making everything free (as an American bank kind of has to these days). The trading fees are already accepted practice. Some exchanges discount for makers, but not all do and it's not a major expectation. So, it's not like the exchanges can't make money without fractional reserve schemes. I would consider many cryptocurrency/token exchanges more similar in functionality to a bank, than a currency or securities exchange. As soon as an exchange engages in lending activities, I'm pretty sure that puts them into a different regulatory classification. Many financial institutions offer currency exchange services, but no currency exchange services can offer other financial instruments like financial institutions can. |
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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 How about NO fractional reserve banking at all. Just use funds the way the customer thinks they are being used. If a customer wants to tie up some funds in a loan, maybe said exchange could offer some options. A few exchanges already offer the ability to lend to margin traders at interest and that's always fun to participate in if you have some BTC you're willing to tie up for a few days. There could be some kind of interest bearing loan for a set amount of time where the user lends money to the exchange for the exchange to invest in infrastructure or whatever and the loan gets paid back in an agreed upon manner. But I don't think an exchange should ever believe that because they consistently have a certain amount of funds on their exchange at any given time, they are free to spend those funds in other ways. To be able to do that, you really need to be a bank, not an exchange, and it's arguable as to whether or not banks should even be doing that in the first place. The way in which limit orders are processed needs to be fully disclosed. Most people assume limit orders fill in the order they were placed. That should be stated. If there's a different process, that should be disclosed as well. If there are hidden orders, that needs to be disclosed (not the individual hidden orders, but the fact that there are hidden orders), and the way to place a hidden order should be clearly explained. Any wallet maintenance that disables any part of the wallet function (such as withdrawals, deposits, etc.) needs to be done with very regular progress updates and ETAs for going back online. And if for any reason an ETA can't be reached, then a new ETA with a good explanation for why earlier one wasn't reached needs to be posted. All that info should be accessable from each user's wallet page. That will cut down significantly on support requests so I don't see why more exchanges don't do this anyway. State of the art security for customer funds needs to be a high priority. I believe specific security standards should be developed by IT people who understand that stuff. Related to that, there should be standards set for how many "glitches" are allowed per day or any other interval, where things aren't working as expected, and standards can be drawn up for how to minimize those issues, which are usually related to scaling. Some kind of minimal infrastructure could be a requirement to receive a certain type of rating (such as A, B, C, etc.). I think in a similar way to how there are standards and recognized procedures for how to build bridges, automobiles and airplanes, there can be those standards and procedures for how to build exchanges. Some things that you can throw together in your garage may be OK for a very small group of people but won't hold up when your user base grows beyond a couple thousand users. All fees need to be clearly disclosed both ahead of time and as transactions are being set up. A really nice feature BitTrex has is the ability to go straight to a coin's wallet from the market page so you can make a deposit of that coin without leaving the market page. Another feature I like in BitTrex is having a coin hyperlinked to its market so you can go directly to the desired market from your wallet. Thorough transaction records need to be kept and made accessible to users via export and API at any time (with maximum allowed "outage" periods). Trading records need to include what coin was bought, what coin was sold, and how much of each, time stamp of trade, and what fees were paid in what currency. Full disclosure on procedures for customers reclaiming funds in the event of a hack. I would like to log in to an exchange and be able to know ahead of time how the exchange will handle the return of my funds if despite all security measures, funds get stolen. The main reason is that the better prepared to handle an event such as a hack resulting in loss of funds, the less likely such an event is to happen. I'm sure I can think of more... My initial thought would be to agree with you on banning fractional reserve lending, but if a digital group wants to or needs to capitalize on this untouched opportunity then maybe they should be allowed to? All we can do is inform the public to the best of our abilities so they can make wise decisions. Since the majority of new fiat money is created through fractional reserve lending, a digital token should be able to function in the same manner. But don't get me wrong, I think it will end the exact same way as the countless other currency debasement schemes that have taken place over the past several thousand years; but they will never gain such widespread adoption with an informed public. That being said, the industry needs some way to fund oversight and enforcement, because if there isn't someone willing to back up the rules, they aren't worth the paper they were written on. I highly doubt that most cryptocurrency users will be willing to fork over the money to protect their investment, so some sort of debt based monetary system may be a necessary part of the equation. |
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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
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Hey guys, I have a few questions on two separate matters. Maybe these have been answered, but it's challenging to load every page of the forum on my remote rural connection, so you'll have to forgive me if these have already been covered.
1) What inroads have been made in China, and what legal challenges might we face? What kind of opportunities can DNotes provide the people? Will DNotes help provide a third alternative to government run or private pension plans (I know they are having a serious problem with embezzlement of employer/private pension plans)?
2) If a group decides to fork DNotes, let's say to create DNotes Cash (like Bitcoin Cash), and it gains popular support, will DNotesVault ever offer them services? If DNotes doesn't offer support for the forked currency will there be a way for DNotesVault users to claim their stake on the fork chain? It's not a matter of if this situation happens, it's when...
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Were on Coin Market Cap: https://coinmarketcap.com/currencies/dnotes/I emailed them 2 days ago with a strong argument. never got a response makes me wonder if I helped. Im sure the volume up this days really did the trick.  were rank 1450 as I type edit: Luke (CoinMarketCap) Jul 2, 5:39 PM EDT Hi, Our support rep has indicated that your request has been resolved. Please note that it may take some time for the changes to be reflected on the website. If you believe that the changes have not been reflected correctly after 24 hours, please reply to this email to notify the support team. Sincerely, CoinMarketCap Support this is what I wrote, "Please Update Dnotes blockchain. There Grandfathered in aren't they? They are being categorized as a "A listed Company" I found them through this site 4 years ago and they have been the best coin the whole 4 years. No Hype, easy to understand, smart, devoted, and most certified being the CEO is pioneer of the first portable computers and had the largest contracts with the US government at the time for those computers. They always do what they say there going to do and have completed a lot over 4.5 years and its all verifiable. You guys are nuts for not having them actively listed. Their registering with the SEC this year. They will explode with or without you but I just would really like to see there data on your site, its easier to follow. potentially it Allows others to not miss the low prices. Prices are starting to jump as of last night so its already starting. You are loaded with garbage on here take a real and trustworthy coin in. Thankyou for your time, Daniel" Daniel, never doubt that words like yours have an impact. Your message was passionate, accurate, and inspirational. It's also a friendly challenge to anyone who wants to see digital currency's real potential realized, but may still be wondering how that can ever be achieved in such a chaotic and unfocused environment. Passion like yours is what makes the DNotes community such an integral part of its ecosystem, and it's why DNotes will succeed in ways that others cannot - as an inclusive, trusted, financially-empowering supplemental currency that offers new access to opportunity for billions of people around the world. Thanks for sharing that passion with everyone here. Cheers! Good case presented on behlaf of DNotes by Daniel. That nudge was enough to help them get their act together. We're listed again, our volume is finally registering and all the links have been updated. https://coinmarketcap.com/currencies/dnotes/As it stands, coinmarketcap is an important convergence point of the entire cryptocurrency industry, and it's traffic ranks among the top sites in the world. |
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We're you able to make a successful withdrawal from Listex yet? I've made a half dozen withdrawal attempts that have all failed. |
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Coinbase, Peter Thiel Back New ‘Reserve’ Stablecoinhttps://cryptoslate.com/coinbase-peter-thiel-back-new-reserve-stablecoin/With the rise in popular interest, the cryptocurrency sector has seen several stablecoins emerge in decentralized and centralized forms. Backed by Coinbase and Peter Thiel, Reserve stablecoin is the latest addition to the digital asset marketplace. A Next-Gen Stablecoin Based in San Fransisco, Reserve stablecoin raised $5 million in its seed round from over 40 funds and angel investors, including PayPal founder Peter Thiel, Coinbase Exchange, GSR.IO and Distributed Global. Unlike Tether and TrueUSD, Reserve uses a fully decentralized, future growth-backed stablecoin model to achieve a 1:1 parity with the US Dollar. The Reserve protocol will be open source at launch and use a smart contract called Vault to securely store its cryptocurrency collateral. Using both external digital assets and internal shares to offer stability, Reserve places an emphasis on transparency through decentralization. In a company blog post, Reserve Co-founder Nevin Freeman said: “If a future growth-backed stablecoin does reach this state of stable equilibrium, it has the benefit of being totally decentralized and thus censorship resistant.” Although transparent, the use of a decentralized model and hence external backing by digital assets is inherently difficult to sustain, as the assets backing a stable currency are volatile. Reserve must maintain collateral balances at two to three times the parity value to compensate for future price variation. In an interview with CCN, Freeman noted: “There is still a tail-risk that in a black swan event these assets could lose nearly all of their value, and that’s why we aim to create a diversified pool through securitized assets.” Stablecoins: Gateway to Crypto Mass Adoption The 20-member team behind the Reserve protocol includes engineers from Google, OpenAI, and former SEC Commissioner Paul Atkins. With current cryptocurrencies being too volatile for use in daily transactions, many believe the introduction of a successful stablecoin will be the beginning of mass adoption. Freeman wrote in a blog post released June 19: “I believe stable cryptocurrencies will be the first introduction to crypto for millions or billions of people.” Several stablecoins are competing to overtake the controversial Tether and become the leading stablecoin for global frictionless value exchange, everyday payments, and more.
Another new pegged currency to add to the list that includes Tether, TrueUSD and many more around the world - https://www.investmentfrontier.com/2013/02/19/investors-list-countries-with-fixed-currency-exchange-rates/. However, the team behind this is extremely high profile, so I would expect them to make waves for better or worse. It's funny how much of their mantra and pitch sounds like it came from DNotes Global, who is in fact a private company and not an open source cryptocurrency.
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Charlie Lee was right, the 250 million dollars in quantitative easing printed by Tether has had a profound short term effect on cryptocurrency valuations. |
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We have always believed trust will play a major role in digital currency mass adoption. This is part of the reason we created the DNotesVault and ask users not to store your coins on exchanges if you are not actively trading them.
You can search any exchange and add the word scam to it and find hundreds of scam accusations and problems reported, even the most clearly legitimate ones like coinbase. Not to undermine anyone's real experiences and issues, there are real problems and we intend to help alleviate those issues. I'm sure many of you who have been around for a while can attest, we could fill the forum with stories. For now, all we can do is work with what we got while working toward something better.
That is well said. I see DNotes Vault as big advantage point, compared to most other cryptocurrencies. It is free and easy to use tool to securely store the DNotes coin. At the same time it also enables you to get CRISP reward. Considering all the scam and also security problems with the exchanges such secure and easy way to store coins is really valuable Agreed, most users in the future won't even need to worry about exchanges, since they will be able to spend their DNotes in place of fiat. For this next generation of user, the exchange will essentially be nothing more than a valuation tool to decide how much each DNote is worth. |
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The crypto discussion at the Senate subcommittee hearing yesterday is just another reminder of why DNotes' commitment to doing things the right way is going to be so important going forward. Lawmakers and regulators are focusing more attention than ever on this industry, and taking note of legally dubious companies and practices. Meanwhile, the DNotes team has been focused like a laser on complying with laws and regulations - and establishing a reputation of trust and legitimacy that few digital currency projects will be able to match. This is the type of project that Scott Dueweke was talking about when he suggested that policymakers encourage "the growth of new virtual currencies that are committed to proper compliance with the law." When government eventually moves to rein in the industry's worst impulses, DNotes will be well-positioned to survive and thrive even as others fall by the wayside. https://dcebrief.com/cybersecurity-expert-crypto-could-be-used-for-foreign-meddling-in-us-elections/DNotes has certainly found itself a unique choke point to post up on. Even for crypto billionaires, large numbers on a screen will mean nothing if they can't get that money back into the larger legitimate economy and spend it. |
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Our node operators are doing a great job keeping the DNotes network stable, and it looks like support for the software has grown. Right now DNotes has 87 peers/nodes with 54 connections in the last 24 hours, and we are operational in 26 different countries. Compare that with Stratis, who has a market cap of 224 million, is operating in 33 different countries and has 173 nodes, with 125 active connections in the last 24 hours. https://chainz.cryptoid.info/note/This is pretty good since DNotes 2.0 was forked from Stratis not too long ago. Let's look at the current market cap ratios of some other forked cryptocurrencies vs the currency they forked from: Forked Currency (Market Cap) - Original Chain (mkt cap) = Fork to Original Chain Market Cap RatioEthereum (43.5 b) - Ethereum Classic (1.5 b) = 29x Bitcoin Cash (11.8 b) - Bitcoin (103.7 b) = 0.11x Monero (2 b) - Bytecoin (466.8 m) = 4.2x Stratis (224 m) - Blackcoin (9.1 m) = 24.6x I would call this data inconclusive but interesting nonetheless. Perhaps in one year the DNotes to Stratis market cap ratio will be the same as Stratis' is to Blackcoin right now and we can start making some definitive conclusions  |
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I've thinking lately about how many people have contributed to the innovation of DNotes, but do not hold DNotes themselves. Even before DNotes existed these developers spent countless hours pioneering the software that DNotes evolved from, but in all likelihood the majority of them own no DNotes themselves. What does the community think about setting up a "DNotes Pioneer Fund" - a donation based fund (maybe held in trust by DNotes global) to compensate those who have made contributions https://github.com/DNotesCoin/DNotes2.0/graphs/contributors |
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