Happy 5th Anniversary Everyone! Happy 5th Anniversary DNotes! There are only 25 or 30 cryptocurrencies that have made it to the 5 year mark that still appear to be at least somewhat active. The success rate per capita of coins launched up to this date 5 years ago is actually quite remarkable. On February 16, 2014 there were only 108 listings on Coinmarketcap, and 149 on March 9th when DNotes was listed. At that time, DNotes had a marketcap of $33,502. Even more remarkable is the fact that very few of these coins had any type of funding other than community donations or very small pre-mines [that caused a lot of hissy-fits]. Fast forward 5 years.... According to this site, there are 5594 cryptocurrencies, ICOs, and  that have been launched, attempted to launch, or about to launch. - https://coinlib.io/coins?fields=rank-name-price_pref-market_cap-volume24h-delta24h-chart1&sort=rank_desc&rpp=50The good news is that it appears to be slowing down. In the article 'Why Coin Age Matters in Cryptocurrency" [April 3, 2018], I estimated the total to be close to 5,000. https://www.dnotesedu.com/2018/04/why-coin-age-matters-in-cryptocurrency/Great article on DNotes 5th Anniversary! https://dnotesglobal.com/2019/02/18/dnotes-celebrates-its-5-year-anniversary-founder-alan-yong-reveals-the-vision-of-mass-adoption-goal-for-2024/ |
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That was a rather substantial article Brandon!
The more interesting aspects of it, I found, were the inflationary effects of money that could act to push up the prices of goods as cryptocurrencies become a more popular method to accept payment, and I think that effect could also compound in areas that are more cryptocurrency friendly than states that take punitive action for their use.
The other was the education of individuals to get them up to speed with cryptocurrency use and investing. While the investing side will invariably be a case of "it's an asset class you could have gone into and didn't", there will probably always be stablecoins that people can use as a point of entry into the system for those more risk averse -- even if they miss early adopter status. Using pure cryptocurrencies is quite a different story though, and will be a real challenge. It's on us to make using crypto so incredibly simple that nobody even needs education on it. I'm sure the first time everyone used internet banking may have felt a bit strange, but if we can make it even easier (like DNotes Pay) then we will have a real shot at beating that education curve that is such a hindrance at this time.
There is definitely a knowledge gap! It is short-sighted to think that cryptocurrency education is unnecessary for investors that weren't early adopters - if anything, it is more important going forward now than ever. Most cryptocurrencies are going to become worthless somewhere in the course of mass adoption, taking some early adopters with them. The ease at which fraud can be pulled off in this industry (and with no remorse) is despicable, heightening the need for investor education and protection. DNotes is designed to provide an investment return no matter when you start accumulating it - education would let people know that not all currencies are like this. They also need to know what realistic returns are, the signs of fraud, online security, types of investment products, etc - both in cryptocurrency and traditional finance. It is critical to have the technology so user friendly, it is almost invisible, because the average mainstream user isn't going to give a crap about the tech. DNotesVault is a perfect example - because of its ease of use and similarity to how people already hold their money/investments, everyday people with no tech skills whatsoever are DNotes holders. DNotesPay will extend that ease of use to the business community, the self-employed, etc. All that is really needed for tech education in mass adoption is some easy to understand "how to use it" guides. If the mainstream user needs to learn any more than that, it likely won't get adopted on a large scale. The masses don't care what is under the hood. The biggest educational needs will come as cryptocurrency starts acting as the financial product it was always intended to be. The majority of the world is financially illiterate, and expecting them to achieve digital financial literacy on their own is wishful thinking. |
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Happy New Years Everyone! And a Happy New Year to everyone on the DNotes team and here in the forum! 2019 will be glorious for crypto and Dnotes! Have a Happy and Prosperous New Year, everyone! -Bill Vaughn Happy New Year to all my fellow pessimists! Edit: I am only a pessimist as it pertains to the quote - "A pessimist stays up to make sure the old year leaves." 2018 was a rough year, and the cryptocurrency downturn (even though it was expected) simply added fuel to a painful fire. Goodbye 2018  and hello 2019.  The optimist in me believes DNotes will be one of the few 'overnight success' stories talked about for generations. The realist in me has gathered the facts, tells it like it is, and is confident in backing DNotes. 2019 - The Year of DNotes |
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I'm beginning to wonder if all the people complaining about a lack of educational material on cryptocurrency, are the same people that spent zero time looking into ICOs before diving in the deep end?? DNotes EDU quote of the day - "You can lead a horse to water but you can't make him drink" I wish there had been a DNotes EDU in 2013 when I was getting started! eToro Survey: 44% of Investors Identify Education As Main Barrier To Crypto TradingA new survey from eToro has found that nearly half of online investors state that a lack of educational resources is the main reason for not trading crypto. The global investment platform commissioned Provoke Insights, an independent market research and strategy firm, to conduct the online survey among 1,000 online investors between the ages of 20 and 65. Notably, it found that education is a key barrier to investors from buying cryptocurrencies, with 44% indicating as such. Even among Millennials a lack of education is felt, with 40% saying that the main reason they don't invest in cryptocurrencies is due to limited educational resources. However, despite the 2018 bear market, it hasn't done much to slow investors' interest in the industry. In fact, the survey found that 97% of both Millennial and Gen X crypto traders said they are interested in learning more about cryptocurrencies. Online investors are still keeping their eye on cryptocurrencies, but this survey revealed that there is a serious lack of educational resources available to those who would like to invest in or learn more about crypto, said Guy Hirsch, the U.S. managing director at eToro. As we move toward a future where assets will become increasingly tokenized, it's important to give investors access to the resources they need to invest in the assets they want and truly consider crypto assets as part of their long-term investment plan. According to the survey, there are limited ways investors are keeping up-to-date with their crypto learning. This is through their online trading platform and social media, at 67% and 43%, respectively. Regarding social media, YouTube and online crypto chat forums seem to be the most used avenues. Seeking Financial AdviceOf note is the fact that Millennials are more likely to seek out financial advice compared to Gen X or Baby Boomer online investors. Those within the Millennial camp who plan on using a financial advisor for buying or selling products such as stocks, ETFs or crypto assets is noted at 19%. Yet, only 11% of Gen X and 12% of Baby Boomers indicated they would do the same. Looking six months down the line and the results are only slightly different: 23% for Millennials and 14% for Gen X. When it comes to those who don't invest in cryptocurrencies, 73% of Millennials said they were more likely to invest if advised by a financial advisor, along with 58% of Gen X and 49% for Baby Boomers. This makes sense as the top of the Millennial generation is approaching 40 and is starting to accumulate a significant amount of wealth and are looking at their investments over the long-term, said Hirsch. Financial advisors have a lot of opportunity to tap into crypto as an asset class. There is clearly a demand - especially among Millennials - to include crypto assets as part of a long-term investment strategy. https://www.forbes.com/sites/rebeccacampbell1/2018/12/18/etoro-survey-44-of-investors-identify-education-as-main-barrier-to-crypto-trading/#254e9a6c6728Thanks for sharing, Chase. When it comes to education, DNotesEDU leads the pack by a long distance. Congratulations to you and Brandon for your outstanding contributions to our industry. Merry Christmas. Thanks Alan! Amazing! An astonishing amount of work has been accomplished in 2018, further strengthening DNotes and the DNotes Global ecosystem. Congratulations to all the hard working and productive team and community members! |
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I'm beginning to wonder if all the people complaining about a lack of educational material on cryptocurrency, are the same people that spent zero time looking into ICOs before diving in the deep end?? DNotes EDU quote of the day - "You can lead a horse to water but you can't make him drink" I wish there had been a DNotes EDU in 2013 when I was getting started! eToro Survey: 44% of Investors Identify Education As Main Barrier To Crypto TradingA new survey from eToro has found that nearly half of online investors state that a lack of educational resources is the main reason for not trading crypto. The global investment platform commissioned Provoke Insights, an independent market research and strategy firm, to conduct the online survey among 1,000 online investors between the ages of 20 and 65. Notably, it found that education is a key barrier to investors from buying cryptocurrencies, with 44% indicating as such. Even among Millennials a lack of education is felt, with 40% saying that the main reason they don't invest in cryptocurrencies is due to limited educational resources. However, despite the 2018 bear market, it hasn't done much to slow investors' interest in the industry. In fact, the survey found that 97% of both Millennial and Gen X crypto traders said they are interested in learning more about cryptocurrencies. Online investors are still keeping their eye on cryptocurrencies, but this survey revealed that there is a serious lack of educational resources available to those who would like to invest in or learn more about crypto, said Guy Hirsch, the U.S. managing director at eToro. As we move toward a future where assets will become increasingly tokenized, it's important to give investors access to the resources they need to invest in the assets they want and truly consider crypto assets as part of their long-term investment plan. According to the survey, there are limited ways investors are keeping up-to-date with their crypto learning. This is through their online trading platform and social media, at 67% and 43%, respectively. Regarding social media, YouTube and online crypto chat forums seem to be the most used avenues. Seeking Financial AdviceOf note is the fact that Millennials are more likely to seek out financial advice compared to Gen X or Baby Boomer online investors. Those within the Millennial camp who plan on using a financial advisor for buying or selling products such as stocks, ETFs or crypto assets is noted at 19%. Yet, only 11% of Gen X and 12% of Baby Boomers indicated they would do the same. Looking six months down the line and the results are only slightly different: 23% for Millennials and 14% for Gen X. When it comes to those who don't invest in cryptocurrencies, 73% of Millennials said they were more likely to invest if advised by a financial advisor, along with 58% of Gen X and 49% for Baby Boomers. This makes sense as the top of the Millennial generation is approaching 40 and is starting to accumulate a significant amount of wealth and are looking at their investments over the long-term, said Hirsch. Financial advisors have a lot of opportunity to tap into crypto as an asset class. There is clearly a demand - especially among Millennials - to include crypto assets as part of a long-term investment strategy. https://www.forbes.com/sites/rebeccacampbell1/2018/12/18/etoro-survey-44-of-investors-identify-education-as-main-barrier-to-crypto-trading/#254e9a6c6728 |
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Thank you all. Merry Christmas and a very Happy New Year to everyone.
Merry Christmas and Happy Holidays everyone! Thank you, and the same to both of you. Merry Christmas everyone! |
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Thank you tranthidung for including DNotes EDU in your "Available courses on Bitcoin and Blockchain Technology from colleges and Universities". The industry needs more people like you that are willing to help people learn about cryptocurrency by directing them to trustworthy educational sites! Also, thank you for posting this news on the DNotes thread - https://bitcointalk.org/index.php?topic=1924858.new#new |
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Thank you tranthidung for including DNotes EDU in your "Available courses on Bitcoin and Blockchain Technology from colleges and Universities". The industry needs more people like you that are willing to help people learn about cryptocurrency by directing them to trustworthy educational sites! |
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 DNotes EDU – Cryptocurrency Education For All – Accomplishments of 20182018 has been a very busy year at DNotes EDU. We would like to take this opportunity to thank everyone for their ongoing support and positive feedback. Thank you to everyone in the cryptocurrency, cyber-security, and financial industries that create amazing and easy to understand educational video content that can be shared with the world via Youtube. We are especially grateful to DNotes Global CEO Alan Yong, Chief Technology Officer Theodore Hauenstein, and Chief Communications Officer Ken Chase, for their unwavering support of this project. After six sleep-deprived months of research and writing, we unveiled a total makeover of the DNotes EDU platform in February, 2018. One of the most important aspects that had to be dealt with, was to fill in the missing pieces between what a new user understood about cryptocurrency, and what the industry referred to as “beginner level” or “user friendly”. What we found to be missing was the first 20 floors of a high rise building, that was trying to support a penthouse perched on top. There is still a lot of work to do, and it would go much faster if we worked together to support trustworthy projects. We have always believed that the need for a basic level of financial literacy is paramount in understanding how beneficial cryptocurrency can be to the everyday user. The new module format at DNotes EDU has twelve sections that cover the most common aspects of personal financial planning, and eleven that deal with digital currency. Without addressing issues such as these, the ever elusive mainstream adoption of cryptocurrency may forever remain unattainable. Read the full article: https://www.dnotesedu.com/2018/12/dnotes-edu-cryptocurrency-education-for-all-accomplishments-of-2018/ |
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Crypto Hedge Fund Warns of Possible ICO Refunds After SEC DecisionPantera Capital Management said about 25 percent of the blockchain and digital-currency projects that its ICO fund invested in could be found in violation of U.S. securities laws and may have to refund money to their backers. The Menlo Park, California-based hedge fund said the projects may be at risk after the U.S. Securities and Exchange Commission’s Nov. 16 announcement that two startups that raised millions by issuing tokens to non-accredited investors didn’t comply with securities laws. One of the projects, Paragon Coin, has already announced it may have to pay back investors. Many startups -- especially those that conducted initial coin offerings last year -- didn’t register with the SEC, and also sold their tokens to regular people, instead of the more sophisticated accredited investors. As regulators have begun clarifying their positions and revving up policing, the way tokens are issued has undergone drastic changes. While we believe the vast majority of the projects in our portfolio should not be affected, approximately 25 percent of our fund’s capital is invested in projects with liquid tokens that sold to U.S. investors without using regulation D or regulation S," Dan Morehead and Joey Krug, Pantera’s co-chief investment officers, wrote in the newsletter Thursday. “If any of these projects are deemed to be securities, the SEC’s position could adversely affect them. Of these projects, about a third (approximately 10 percent of the portfolio) are live and functional and, while they could technically continue without further development, ending development would hinder their progress.” https://www.bloomberg.com/news/articles/2018-12-13/crypto-hedge-fund-warns-of-possible-ico-refunds-on-sec-decision
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Seems lively  Do you already have any impressions? Will the conference meet the expectations? Absolutely, though they have very little time to give us any updates the general read is: It is a full house. It's pretty fast paced, understandably as there are so many people there. They have handed out a lot of materials and business cards from the DNotes booth. The expectation is that potential investors will do their due diligence on us and get back to us later. Anxious to hear from Alan on the Family Office Conference! |
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There isn't a day that goes by that isn't flooded with news (term used loosely) of Bitcoin's demise and it's dramatic price drop over the last year. Investments should be looked at from a long term perspective, but that is pretty tough to do in the current state of the industry with it's disappearing ICOs, scams, marketcaps that don't mean anything, a pervasive 'get rich quick' attitude, and on and on... This is for the Reddit commenter and anyone else that has a longer term vision - https://www.dnotesedu.com/2018/12/bitcoin-then-and-now-dec-2015-vs-dec-2018/ |
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Excellent, well done Chase and DNotesEDU! Shared across social media. Thank you for all the shares! Brandon did the infographic, I am only the messenger.  |
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Great post Alan, and thank you for always keeping it real! Many of us have seen this coming for a long time, and I am very proud of the work that has been done by our team to educate people on the risks of investing in cryptocurrency, and in particular ICOs. It was not an easy path to take. When it seemed like the rest of the world was promoting often illegal and/or fraudulent ICOs, we were willing to take a stand and do the right thing. As far as what will happen next, I believe history will repeat itself and only the strong will survive. This article is from 2011, but is even more relevant today: 5 Successful Companies That Survived The Dotcom BubbleThe dotcom era was a speculative bubble formed by the rapid rise and interest in internet companies. During the five years leading up to the peak, many businesses were born with the primary focus of gaining market share through brand building and networking. The theory was that out of a collection of like companies, one was bound to "make it", and businesses and investors alike were more than willing to put their bets on the table. Getting big fast was key to survival, as companies raced to acquire substantial market share, sacrificing profits along the way. With an unprecedented amount of individual investing, the boom pushed the Nasdaq Composite Index to an all-time high of 5132.52 on March 10, 2000. On March 10, 2000, the Nasdaq reached an all-time high of 5132.52, after which the index faltered until October 9, 2002, having lost 78% of its value. The next day, the bubble popped and one company after another imploded, fueling an internet sector freefall that lasted for the next two and a half years. Businesses and investors were forced to acknowledge that venture capital and initial public offerings did not guarantee income or make up for the lack of sound business plans. With the spectacular rise and subsequent crash of many of these dotcom companies, few were left standing after the dust had settled. Full article - https://www.investopedia.com/financial-edge/0711/5-successful-companies-that-survived-the-dotcom-bubble.aspxThe 5 companies were Amazon.com, Ebay, Priceline.com, Shutterfly, Coupons.com |
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