DNotes (OP)
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August 26, 2017, 08:21:41 PM |
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Denver Dan
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August 26, 2017, 09:25:35 PM |
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I like the 5th one.... Z8z2if |
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Rusmaker
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August 26, 2017, 10:07:02 PM |
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shade_wrath
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Any store can buy, sell, and accept Crypto
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August 27, 2017, 02:02:13 AM |
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Sorry guys, I am new here to the Thread. So just to summarize, there is a snapshot looming where entire NOTES will be replaced by Dnotes 2.0 (Coin name not sure).
The process will be 1 to 1 Swap. For swap to happen, coins should be present where ? Also you mentioned you are still in discussion with Exchanges which may or may not support swap?
What are potential causes of concerns for investors as part of this swap?
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Dyna
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August 27, 2017, 03:18:46 AM
Last edit: August 27, 2017, 03:53:26 AM by Dyna |
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Sorry guys, I am new here to the Thread. So just to summarize, there is a snapshot looming where entire NOTES will be replaced by Dnotes 2.0 (Coin name not sure).
The process will be 1 to 1 Swap. For swap to happen, coins should be present where ? Also you mentioned you are still in discussion with Exchanges which may or may not support swap?
What are potential causes of concerns for investors as part of this swap?
Welcome to DNotes, Shade_Wrath and thanks for the questions. Great summaries. The coin name will remain as DNotes with the notation that it’s the second generation; hence “DNotes 2.0” The ideal place for the swap is for DNotes to be held in a DNotesVault account. The swap will take place soon after the snapshot. DNotesVault is built to handle this promptly, and securely with ease for our account holders. DNotes held in an Exchange or a private wallet is a little more challenging, since the owner of the private key to the wallet must send the DNotes to an address we provide before we can complete the swap. Other arrangements are also under consideration. We do not anticipate anyone not cooperating but it is conceivable that some may not act as promptly as we would like, or not aware of the swap. We will do our best to get the words out. We expect all our exchanges to work well with us to ensure a smooth transition. This is a significant event. Depending on the final arrangement with each exchange where DNotes is traded, DNotes’ trading will be halted for a few days. Interruption in trading always bring about uncertainties. I never like to speculate on the outcomes of uncertainties. We are very committed to a smooth transition and trust that this will elevate DNotes to the next level where we are on par or ahead of our competitors as a technology leader. Coupled with our ecosystem and roadmap, this is our turn to shine. I am excited and very optimistic that DNotes is now equal to and will be better than our key competitors before long. |
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shade_wrath
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Any store can buy, sell, and accept Crypto
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August 27, 2017, 07:39:03 AM |
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Thank you Dyna for all the clarifications. So in order for 1 to 1 swap to take place we need to sent the NOTES token to your vault account. That kinda not really a convenient process to do so to be honest. Why you don't have the option of Airdrop of NOTES coin to private wallet or may be consider getting a wallet developed for your project before you move ahead with snapshot. This wallet will be useful in future as well.
Rather than asking everyone to send tokens to you, actually it should be delivered to them as your project wants to initiate a swap. Are you planning to get Escrow's for each transfer of Notes to your vault being done during the swap period ?
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DNotes (OP)
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DNotes
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August 27, 2017, 02:03:53 PM |
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Thank you Dyna for all the clarifications. So in order for 1 to 1 swap to take place we need to sent the NOTES token to your vault account. That kinda not really a convenient process to do so to be honest. Why you don't have the option of Airdrop of NOTES coin to private wallet or may be consider getting a wallet developed for your project before you move ahead with snapshot. This wallet will be useful in future as well.
Rather than asking everyone to send tokens to you, actually it should be delivered to them as your project wants to initiate a swap. Are you planning to get Escrow's for each transfer of Notes to your vault being done during the swap period ?
Hi shade_wrath, thanks for joining us. To clarify - 1 option is opening your own account at https://dnotesvault.com and the DNotes in your own account will be automatically swapped to DNotes 2.0. This is the most convenient option. Option 2, is swapping DNotes by sending in DNotes to receive DNotes 2.0. Another, 3rd option, if any of the exchanges would be willing to participate in the swap process, they could be automatically swapped at the exchange. What does an airdrop entail? |
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R-J-F
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August 27, 2017, 06:20:55 PM |
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#5 - https://file.army/i/Z8z2if I like the way in incorporates the new logo... |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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R-J-F
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August 27, 2017, 06:43:02 PM
Last edit: August 27, 2017, 07:05:24 PM by R-J-F |
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Thank you Dyna for all the clarifications. So in order for 1 to 1 swap to take place we need to sent the NOTES token to your vault account. That kinda not really a convenient process to do so to be honest. Why you don't have the option of Airdrop of NOTES coin to private wallet or may be consider getting a wallet developed for your project before you move ahead with snapshot. This wallet will be useful in future as well.
Rather than asking everyone to send tokens to you, actually it should be delivered to them as your project wants to initiate a swap. Are you planning to get Escrow's for each transfer of Notes to your vault being done during the swap period ?
Hi shade_wrath, thanks for joining us. To clarify - 1 option is opening your own account at https://dnotesvault.com and the DNotes in your own account will be automatically swapped to DNotes 2.0. This is the most convenient option. Option 2, is swapping DNotes by sending in DNotes to receive DNotes 2.0. Another, 3rd option, if any of the exchanges would be willing to participate in the swap process, they could be automatically swapped at the exchange. What does an airdrop entail? If I may jump in here, a lot of work you don't want to do including collecting new addresses from everyone's new wallets and sending the equivalent amounts of DNotes 2.0 to those new wallets from the blockchain snapshot of all the old ones. A real PIA and prone to error at every step especially when sending from an exchange account. You would have to have users send you their new addresses so you know who to match old and new addresses with, not good or you could inforce a cut off date and take another snapshot of the new blockchain, again a lot of work and you will miss people who procrastinate who will make you life miserable or, it can all be done online at the users end using the vault as middleman or, put the functionality in the new wallet itself. The Vault is a good solution. Lets users download the new wallet version at their leisure and keeps you out of it for the most part. Makes a lot of sense. Using the vault also extends the time for users to setup the new wallet. If they have DNotes on an exchange, I assume the exchange will perform the upgrade of the wallet without user intervention. Consider making a simple account generation method for this particular function, minimal info so the user impact is as little as possible. A simple page with an address to send to and input to enter their new address after downloading the new wallet from the same page. One step for the user, send to vault, download wallet, send back to new wallet, done. Just have to make sure the new wallets are available and must be downloaded before the user does anything else. You could also stress it would be in their best interest to open a full fledged vault account and simply keep their DNotes in the Vault. Put a time limit on it but don't make it too short, some people only check in monthly or longer. Give PLENTY of notice everywhere including asking pool operators to post a link to the instructions. Anyone holding DNotes in their own local wallet should be sophisticated enough to use the vault for this transition. Also gives you useful data about market penetration and basic numbers on circulation. Just my quick take on the situation... - OR - Build the upgrade into the new wallet. That way they can just run the upgrade (new wallet) and it will import the wallet.dat file from the old one and create the new balance. If new addresses are required, ET can phone home and have a unique one generated if you want or, do it on the fly like any QT wallet. Some extra code in the wallet but gets you totally out of the picture. Just like any other wallet upgrade to the user. Not knowing all the details of DNotes 2.0, hope I'm making sense. If not, simply disregard!  |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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DNotes (OP)
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DNotes
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August 27, 2017, 10:33:06 PM |
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Thank you Dyna for all the clarifications. So in order for 1 to 1 swap to take place we need to sent the NOTES token to your vault account. That kinda not really a convenient process to do so to be honest. Why you don't have the option of Airdrop of NOTES coin to private wallet or may be consider getting a wallet developed for your project before you move ahead with snapshot. This wallet will be useful in future as well.
Rather than asking everyone to send tokens to you, actually it should be delivered to them as your project wants to initiate a swap. Are you planning to get Escrow's for each transfer of Notes to your vault being done during the swap period ?
Hi shade_wrath, thanks for joining us. To clarify - 1 option is opening your own account at https://dnotesvault.com and the DNotes in your own account will be automatically swapped to DNotes 2.0. This is the most convenient option. Option 2, is swapping DNotes by sending in DNotes to receive DNotes 2.0. Another, 3rd option, if any of the exchanges would be willing to participate in the swap process, they could be automatically swapped at the exchange. What does an airdrop entail? If I may jump in here, a lot of work you don't want to do including collecting new addresses from everyone's new wallets and sending the equivalent amounts of DNotes 2.0 to those new wallets from the blockchain snapshot of all the old ones. A real PIA and prone to error at every step especially when sending from an exchange account. You would have to have users send you their new addresses so you know who to match old and new addresses with, not good or you could inforce a cut off date and take another snapshot of the new blockchain, again a lot of work and you will miss people who procrastinate who will make you life miserable or, it can all be done online at the users end using the vault as middleman or, put the functionality in the new wallet itself. The Vault is a good solution. Lets users download the new wallet version at their leisure and keeps you out of it for the most part. Makes a lot of sense. Using the vault also extends the time for users to setup the new wallet. If they have DNotes on an exchange, I assume the exchange will perform the upgrade of the wallet without user intervention. Consider making a simple account generation method for this particular function, minimal info so the user impact is as little as possible. A simple page with an address to send to and input to enter their new address after downloading the new wallet from the same page. One step for the user, send to vault, download wallet, send back to new wallet, done. Just have to make sure the new wallets are available and must be downloaded before the user does anything else. You could also stress it would be in their best interest to open a full fledged vault account and simply keep their DNotes in the Vault. Put a time limit on it but don't make it too short, some people only check in monthly or longer. Give PLENTY of notice everywhere including asking pool operators to post a link to the instructions. Anyone holding DNotes in their own local wallet should be sophisticated enough to use the vault for this transition. Also gives you useful data about market penetration and basic numbers on circulation. Just my quick take on the situation... - OR - Build the upgrade into the new wallet. That way they can just run the upgrade (new wallet) and it will import the wallet.dat file from the old one and create the new balance. If new addresses are required, ET can phone home and have a unique one generated if you want or, do it on the fly like any QT wallet. Some extra code in the wallet but gets you totally out of the picture. Just like any other wallet upgrade to the user. Not knowing all the details of DNotes 2.0, hope I'm making sense. If not, simply disregard! There are a couple issues and risks associated with upgrading the existing blockchain. We are taking the position that it is better, given the circumstances, to take on the burden of the swap process in the best interest of DNotes stakeholders. We will indeed have a deadline for the swap, TBD, and the snapshot will be based on a specific block number. Any newly mined DNotes after that block number will not be eligible for the swap. The exchanges may elect not to participate in the direct swap, in which case they will have to delist DNotes and inform their users to remove their DNotes from the exchange. Then after a period of time, they can relist DNotes as DNotes 2.0. |
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DNotes (OP)
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DNotes
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August 27, 2017, 10:34:24 PM |
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Great, it looks like the majority like #5 so far. Definitely a good choice. |
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Dyna
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August 27, 2017, 11:29:24 PM |
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Great, it looks like the majority like #5 so far. Definitely a good choice. I like #5 too. It incorporated the DNotes' logo into the design well. Thank you, BTCWise. Excellent job! |
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TimMarsh
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Professional cryptocurrency writer incl DNotes.
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August 28, 2017, 08:18:58 AM |
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Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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TimMarsh
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Activity: 187
Merit: 100
Professional cryptocurrency writer incl DNotes.
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August 28, 2017, 08:59:44 AM |
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I wouldn't be at all surprised if this move by the government in Vietnam is in response to strong public interest in cryptocurrencies in the country. And I really understand that. When we travel to Thailand, my partner and I often come back with a decent amount of baht on us. But when we came back from Vietnam we exchanged all our dong, despite knowing we'd probably be back soon. It is only a cheap bus ride over the border from Cambodia. The reason we got rid of the Dong is that it is volatile. In the last ten years it has gone from a US$ costing 16,000 VND to 23,630 today. That means a US$ costs about 50% more than it did ten years ago. Even if bitcoin sat level from when it started, never increasing in value at all. If you'd bought it then, it would be worth 50% more VND today. Add that to its record breaking year on year growth for an investment, and the Vietnamese are wise to set aside some cryptocurrency as insurance against national inflation. Vietnam is also a strong trading partner with China, and trades a lot with Thailand and Cambodia. A lot of the people in this region run their own family business, and don't have bank accounts. As cryptocurrencies become easier to use, and trading skills increase, I see this region of Southeast Asia as being likely early adopters. |
Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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August 28, 2017, 11:53:51 AM |
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Thank you Dyna for all the clarifications. So in order for 1 to 1 swap to take place we need to sent the NOTES token to your vault account. That kinda not really a convenient process to do so to be honest. Why you don't have the option of Airdrop of NOTES coin to private wallet or may be consider getting a wallet developed for your project before you move ahead with snapshot. This wallet will be useful in future as well.
Rather than asking everyone to send tokens to you, actually it should be delivered to them as your project wants to initiate a swap. Are you planning to get Escrow's for each transfer of Notes to your vault being done during the swap period ?
Hi shade_wrath, thanks for joining us. To clarify - 1 option is opening your own account at https://dnotesvault.com and the DNotes in your own account will be automatically swapped to DNotes 2.0. This is the most convenient option. Option 2, is swapping DNotes by sending in DNotes to receive DNotes 2.0. Another, 3rd option, if any of the exchanges would be willing to participate in the swap process, they could be automatically swapped at the exchange. What does an airdrop entail? If I may jump in here, a lot of work you don't want to do including collecting new addresses from everyone's new wallets and sending the equivalent amounts of DNotes 2.0 to those new wallets from the blockchain snapshot of all the old ones. A real PIA and prone to error at every step especially when sending from an exchange account. You would have to have users send you their new addresses so you know who to match old and new addresses with, not good or you could inforce a cut off date and take another snapshot of the new blockchain, again a lot of work and you will miss people who procrastinate who will make you life miserable or, it can all be done online at the users end using the vault as middleman or, put the functionality in the new wallet itself. The Vault is a good solution. Lets users download the new wallet version at their leisure and keeps you out of it for the most part. Makes a lot of sense. Using the vault also extends the time for users to setup the new wallet. If they have DNotes on an exchange, I assume the exchange will perform the upgrade of the wallet without user intervention. Consider making a simple account generation method for this particular function, minimal info so the user impact is as little as possible. A simple page with an address to send to and input to enter their new address after downloading the new wallet from the same page. One step for the user, send to vault, download wallet, send back to new wallet, done. Just have to make sure the new wallets are available and must be downloaded before the user does anything else. You could also stress it would be in their best interest to open a full fledged vault account and simply keep their DNotes in the Vault. Put a time limit on it but don't make it too short, some people only check in monthly or longer. Give PLENTY of notice everywhere including asking pool operators to post a link to the instructions. Anyone holding DNotes in their own local wallet should be sophisticated enough to use the vault for this transition. Also gives you useful data about market penetration and basic numbers on circulation. Just my quick take on the situation... - OR - Build the upgrade into the new wallet. That way they can just run the upgrade (new wallet) and it will import the wallet.dat file from the old one and create the new balance. If new addresses are required, ET can phone home and have a unique one generated if you want or, do it on the fly like any QT wallet. Some extra code in the wallet but gets you totally out of the picture. Just like any other wallet upgrade to the user. Not knowing all the details of DNotes 2.0, hope I'm making sense. If not, simply disregard! There are a couple issues and risks associated with upgrading the existing blockchain. We are taking the position that it is better, given the circumstances, to take on the burden of the swap process in the best interest of DNotes stakeholders. We will indeed have a deadline for the swap, TBD, and the snapshot will be based on a specific block number. Any newly mined DNotes after that block number will not be eligible for the swap. The exchanges may elect not to participate in the direct swap, in which case they will have to delist DNotes and inform their users to remove their DNotes from the exchange. Then after a period of time, they can relist DNotes as DNotes 2.0. Sounds good. Will you be using the Vault then to accomplish the swap? |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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R-J-F
Sr. Member
Offline
Activity: 1078
Merit: 310
AKA RJF - Member since '13
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August 28, 2017, 12:16:43 PM |
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I wouldn't be at all surprised if this move by the government in Vietnam is in response to strong public interest in cryptocurrencies in the country. And I really understand that. When we travel to Thailand, my partner and I often come back with a decent amount of baht on us. But when we came back from Vietnam we exchanged all our dong, despite knowing we'd probably be back soon. It is only a cheap bus ride over the border from Cambodia. The reason we got rid of the Dong is that it is volatile. In the last ten years it has gone from a US$ costing 16,000 VND to 23,630 today. That means a US$ costs about 50% more than it did ten years ago. Even if bitcoin sat level from when it started, never increasing in value at all. If you'd bought it then, it would be worth 50% more VND today. Add that to its record breaking year on year growth for an investment, and the Vietnamese are wise to set aside some cryptocurrency as insurance against national inflation. Vietnam is also a strong trading partner with China, and trades a lot with Thailand and Cambodia. A lot of the people in this region run their own family business, and don't have bank accounts. As cryptocurrencies become easier to use, and trading skills increase, I see this region of Southeast Asia as being likely early adopters. Interesting. I see all this leading to Gov't created, and sponsored, crypto in the future. It may take a long time but it will come. Which, I believe, is the main reason govt's are going easy on crypto now. They don't want to regulate themselves out of the game. When the majority of citizens are aware of, and comfortable with, crypto, I think there will be a "sea change" in the way we trade and use money. It would be fairly easy for those at the top of the power pyramid to simply mandate a schedule of declining reliance on fiat and increasing use of some government sponsored crypto coin. And, that will be the dangerous time for the industry because as you all know, government does not like competition. All the infrastructure we have built will be available and at their fingertips. In my humble opinion, it would be dangerous to think this won't happen. The question is, will it be good or bad? And will it foster more intra country trading and financial relations or will it hinder that type of cooperation? This is why what we do here, today in the crypto-sphere is so important. Do we pave the way for a new world financial order or, are we building our own gallows? Only time can answer those questions. I do see projects like DNotes as shining examples of what could, and can, be. Unlike men,not all cryptos are created equal. Each and every one of us should be taking measures to support honest projects that have real world value and resisting the urge to make a "quick buck" on the scams or near scams that pop up almost daily. Ultimately, we are responsible for ourselves, for our future and our children's future but we have a greater responsibility to the rest of the world as supporters of a new financial order so, lets steer it in the right direction as DNotes has been doing and, I'm sure, will continue to do. |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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DNotes (OP)
Legendary
Offline
Activity: 1932
Merit: 1111
DNotes
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August 28, 2017, 01:08:08 PM |
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Thank you Dyna for all the clarifications. So in order for 1 to 1 swap to take place we need to sent the NOTES token to your vault account. That kinda not really a convenient process to do so to be honest. Why you don't have the option of Airdrop of NOTES coin to private wallet or may be consider getting a wallet developed for your project before you move ahead with snapshot. This wallet will be useful in future as well.
Rather than asking everyone to send tokens to you, actually it should be delivered to them as your project wants to initiate a swap. Are you planning to get Escrow's for each transfer of Notes to your vault being done during the swap period ?
Hi shade_wrath, thanks for joining us. To clarify - 1 option is opening your own account at https://dnotesvault.com and the DNotes in your own account will be automatically swapped to DNotes 2.0. This is the most convenient option. Option 2, is swapping DNotes by sending in DNotes to receive DNotes 2.0. Another, 3rd option, if any of the exchanges would be willing to participate in the swap process, they could be automatically swapped at the exchange. What does an airdrop entail? If I may jump in here, a lot of work you don't want to do including collecting new addresses from everyone's new wallets and sending the equivalent amounts of DNotes 2.0 to those new wallets from the blockchain snapshot of all the old ones. A real PIA and prone to error at every step especially when sending from an exchange account. You would have to have users send you their new addresses so you know who to match old and new addresses with, not good or you could inforce a cut off date and take another snapshot of the new blockchain, again a lot of work and you will miss people who procrastinate who will make you life miserable or, it can all be done online at the users end using the vault as middleman or, put the functionality in the new wallet itself. The Vault is a good solution. Lets users download the new wallet version at their leisure and keeps you out of it for the most part. Makes a lot of sense. Using the vault also extends the time for users to setup the new wallet. If they have DNotes on an exchange, I assume the exchange will perform the upgrade of the wallet without user intervention. Consider making a simple account generation method for this particular function, minimal info so the user impact is as little as possible. A simple page with an address to send to and input to enter their new address after downloading the new wallet from the same page. One step for the user, send to vault, download wallet, send back to new wallet, done. Just have to make sure the new wallets are available and must be downloaded before the user does anything else. You could also stress it would be in their best interest to open a full fledged vault account and simply keep their DNotes in the Vault. Put a time limit on it but don't make it too short, some people only check in monthly or longer. Give PLENTY of notice everywhere including asking pool operators to post a link to the instructions. Anyone holding DNotes in their own local wallet should be sophisticated enough to use the vault for this transition. Also gives you useful data about market penetration and basic numbers on circulation. Just my quick take on the situation... - OR - Build the upgrade into the new wallet. That way they can just run the upgrade (new wallet) and it will import the wallet.dat file from the old one and create the new balance. If new addresses are required, ET can phone home and have a unique one generated if you want or, do it on the fly like any QT wallet. Some extra code in the wallet but gets you totally out of the picture. Just like any other wallet upgrade to the user. Not knowing all the details of DNotes 2.0, hope I'm making sense. If not, simply disregard! There are a couple issues and risks associated with upgrading the existing blockchain. We are taking the position that it is better, given the circumstances, to take on the burden of the swap process in the best interest of DNotes stakeholders. We will indeed have a deadline for the swap, TBD, and the snapshot will be based on a specific block number. Any newly mined DNotes after that block number will not be eligible for the swap. The exchanges may elect not to participate in the direct swap, in which case they will have to delist DNotes and inform their users to remove their DNotes from the exchange. Then after a period of time, they can relist DNotes as DNotes 2.0. Sounds good. Will you be using the Vault then to accomplish the swap? We are encouraging everyone to use the DNotesVault as much as possible to participate in the swap, as it will be easy for the user to deposit their DNotes and won't require any further action. This will be a fairly clean and straight forward process. |
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