DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[DNotes]

DNotes Global, Inc CEO Alan Yong Shares View on The ICO Conundrum – A Challenge Beyond the SEC Mandate

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[Brandon Cheliak]

DNotes Global, Inc CEO Alan Yong Shares View on The ICO Conundrum – A Challenge Beyond the SEC Mandate

Great article Alan. I'm glad to have invested in DNotes nearly 4 years ago; my confidence in the team is still as high as it's ever been (if not higher). Having positioned DNotes to be compliant with existing regulations will be a huge advantage over DNotes' competitors who have twisted the law to suit their best interests. At later stages of their growth and development I believe being situated in this legal grey area could become a MAJOR obstacle for those entities.

[Dyna]

From Crowdfunding Insider:

Don’t Mess with Texas: Securities Regulators Issue C&D to UK Based Cryptocurrency Exchange BitConnect & Planned ICO

January 6, 2018 @ 12:46 pm By JD Alois

The Texas State Securities Board has issued an Emergency Cease and Desist Order targeting BiConnect, a UK based cryptocurrency exchange. BitConnect is planning a new initial coin offering (ICO)later this month and Texas is stating the tokens are unregistered securities.

The Texas regulators say BitConnect has placed 9.4 million of the coins into the online cryptocurrency marketplace, representing a market value of $4.1 billion as of Jan. 3 and expects to issue a maximum of 28 million coins.

Read more: https://www.crowdfundinsider.com/2018/01/126736-dont-mess-texas-securities-regulators-issue-cd-uk-based-cryptocurrency-exchange-bitconnect-planned-ico/

[Dyna]

DNotes Global, Inc CEO Alan Yong Shares View on The ICO Conundrum – A Challenge Beyond the SEC Mandate

Great article Alan. I'm glad to have invested in DNotes nearly 4 years ago; my confidence in the team is still as high as it's ever been (if not higher). Having positioned DNotes to be compliant with existing regulations will be a huge advantage over DNotes' competitors who have twisted the law to suit their best interests. At later stages of their growth and development I believe being situated in this legal grey area could become a MAJOR obstacle for those entities.

Thanks, Brandon. It is important for DNotes and DNotes Global to always do the right thing, though others may prefer taking short cuts. There are many options and choices in our industry. We happened to have chosen a different path but respect others for their choices.

[Chase]

...Two days ago, a ten year kid did a Google search and asked if I was the creator of Bitcoin. I had a good laugh and hope that Business Week wouldn't come knocking on my door.

That is one smart kid!!

Satoshi Nakamoto left bitcoin to start DNotes... I'll buy it.

[DNotes]

DNotes Global, Inc. Announces Partnership With Geneca for Blockchain Technology Development

This press release has reached some international resources.

[elchavotravieso]

is there a boostrap for this coin? or faster way to sync seems like is gonna take for ever to catch up??

[DNotes]

is there a boostrap for this coin? or faster way to sync seems like is gonna take for ever to catch up??

Hi elchavotravieso, welcome to the DNotes forum and thank you for your interest in DNotes. We do not have a bootstrap blockchain. It may take some time. Are you getting a good amount of connections?

[Denver Dan]

THE BUYERS ARE GONE! IT WAS 4 BTC VOLUME NOW 1! COME ON WHATS WRONG 

MECHETO, This is not a pump and dump project.  If you have been reading the forum, you should know that DNotes is still a bit out before launching the new blockchain.  This is a long term project, so sit back and relax.  Maybe have some fun day trading other coins.

[DCEBrief]

VISA Crackdown on WaveCrest Suspends Crypto Payment Cards

https://dcebrief.com/visa-crackdown-on-wavecrest-suspends-crypto-payment-cards/

[DNotes]

https://dcebrief.com/finra-issues-an-investor-alert-for-cryptocurrency-related-stock-scams/

[Dyna]

Has our industry reached the point that it is unstoppable? As of this morning, the Market Cap has reached $831,156,591,714 with a 24h Vol. of $45,514,621,586 . That is quite astonishing, considering that Apple, the largest U.S. company has a market cap of $898.5 billion and the not so industry friendly bank, headed by Jamie Dimon, JP Morgan Chase has a market cap of $375.91 billion.

Another point of reference: “Global assets under management reached $84.9 trillion in 2016 and will therefore almost double to hit $145.4 trillion in 2025, the latest Asset and Wealth Management Revolution report showed." https://www.cnbc.com/2017/10/30/global-assets-under-management-to-double-by-2025-as-the-world-population-ages-study-says.html

No matter how we want to look at it, there is serious money involved and as I stated many times, we are witnessing the greatest technology revolution since the Internet. It is much bigger, and more disruptive with world changing implications. This will lead to massive job and wealth creation.  And we are still in the infancy stage with many challenges that must be overcome before mass acceptance can become a reality.

One of those challenges is to follow the existing laws while working respectfully with multiple regulatory bodies to ensure that our industry is not over-regulated, as it will stifle innovations, job and wealth creation. Working together is significantly more beneficial for everyone. I am hopeful that the SEC, other commissions and agencies that have jurisdiction over our industry will keep this in mind.

Related:

SEC RAMPS UP CRYPTO OVERSIGHT – HIRES COIN ETF ”EXPERT”
December 12, 2017

After what many considered a dithering reluctance, the bureau charged with maintaining order in the world’s biggest speculative markets, the US Securities and Exchange Commission (SEC), is ramping up efforts to consider regulatory policy toward cryptocurrencies, ICOs, and cryptocurrency funds. This comes directly after two key executive appointments this year along with ever-more attention drawn to the ecosystem due to bitcoin’s stratospheric price rise.  ……….

FORMER COIN ETF ATTORNEY TURNS SEC DIRECTOR

Two months after Mr. Clayton’s appointment to head the agency, he personally named Dalia Blass Director of its Division of Investment Management. Ms. Blass’ key positioning was heralded by some crypto enthusiasts because she served as counsel from Ropes & Gray to the failed Winklevoss efforts at a regulatory-approved ETF. Bloomberg referred to Ms. Blass as an “ETF specialist.”

Her first published remarks were keynote to the “2017 Securities Law Developments Conference” on 7 December, hosted by the Investment Company Institute in Washington, DC. Speakers included U.S Treasury, Fidelity, Prudential, T. Rowe Price, Schwab, Vanguard, among others.
She focused on two initiatives, one investor-centered and one fund related. For investors she is seeking more transparency and engagement by funds, more information to help them make better decisions. The second part of her talk focused upon fund boards and how they can manage to return shareholder value while at the same time complying with complex regulation. In both cases, she urged professionals to team with her division.

In her conclusion, she turned to the issue of a new asset class, cryptocurrency funds. The SEC, she said, has questions. “For example, would retail investors have sufficient information to consider these products and to understand the risks? When thinking about cryptocurrencies and other blockchain offerings as fund assets, are differences in their features important? How would these funds fit into the existing regulatory scheme? What regulatory structure or structures apply to the market for the underlying instrument?,” she posed, ending with a quasi-prediction: “We will be discussing these questions with you as we work through these filings.”

Both Mr. Clayton and Ms. Blass claimed to be speaking only their own thoughts and not that of the agency at large.

Read more: https://qoinfaucet.com/sec-ramps-up-crypto-oversight-hires-coin-etf-expert/

[hughjays77]

Hello dev,

I've just discovered this project and the goal of this got my attention. I'm was looking for a roadmap but I wasn't able to find it, could you please give me a link? You have any estimate date to lunch DNotes 2.0? Thank you

[Dyna]

Hello dev,

I've just discovered this project and the goal of this got my attention. I'm was looking for a roadmap but I wasn't able to find it, could you please give me a link? You have any estimate date to lunch DNotes 2.0? Thank you

Certainly, huhjays77. Welcome to DNotes. Here is the link: https://bitcointalk.org/index.php?topic=1924858.0

[DNotes]

Hello dev,

I've just discovered this project and the goal of this got my attention. I'm was looking for a roadmap but I wasn't able to find it, could you please give me a link? You have any estimate date to lunch DNotes 2.0? Thank you

Certainly, huhjays77. Welcome to DNotes. Here is the link: https://bitcointalk.org/index.php?topic=1924858.0

Welcome hughjays77, thanks for joining us on the forum and your interest in DNotes. Additionally our target for DNotes 2.0 is Q1 2018.

[Dyna]

Hello dev,

I've just discovered this project and the goal of this got my attention. I'm was looking for a roadmap but I wasn't able to find it, could you please give me a link? You have any estimate date to lunch DNotes 2.0? Thank you

DNotes 2.0 will be launch this quarter. We have added a new team recently and very please with is new partnership: http://www.nasdaq.com/press-release/dnotes-global-inc-announces-partnership-with-geneca-for-blockchain-technology-development-20171226-00265

[hughjays77]

Hello dev,

I've just discovered this project and the goal of this got my attention. I'm was looking for a roadmap but I wasn't able to find it, could you please give me a link? You have any estimate date to lunch DNotes 2.0? Thank you

Certainly, huhjays77. Welcome to DNotes. Here is the link: https://bitcointalk.org/index.php?topic=1924858.0

Welcome hughjays77, thanks for joining us on the forum and your interest in DNotes. Additionally our target for DNotes 2.0 is Q1 2018.

Thanks to both for the quick answers! Tonight I'll go deeper into the project (with more attention, the roadmap was in the op and I did't find it  ).

[DNotes]

Hello dev,

I've just discovered this project and the goal of this got my attention. I'm was looking for a roadmap but I wasn't able to find it, could you please give me a link? You have any estimate date to lunch DNotes 2.0? Thank you

Certainly, huhjays77. Welcome to DNotes. Here is the link: https://bitcointalk.org/index.php?topic=1924858.0

Welcome hughjays77, thanks for joining us on the forum and your interest in DNotes. Additionally our target for DNotes 2.0 is Q1 2018.

Thanks to both for the quick answers! Tonight I'll go deeper into the project (with more attention, the roadmap was in the op and I did't find it  ).

No problem! Here are a few more resources we recommend:

CEOCFO Interview with Alan Yong:
http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htm

The DNotes Story – an Unfolding Big Bold Idea of Global Scale
Which is also Chapter 15 of the book "Improve Your Odds - The Four Pillars of Business Success".
http://dnotescoin.com/the-dnotes-story-an-unfolding-big-bold-idea-of-global-scale/

Our secure online vault, run by the DNotes team with matching guarantee fund:
http://dnotesvault.com/

I can also recommend taking a look at some of the articles in the DNotes section of DCEBrief:
https://dcebrief.com/category/dnotes/

[TimMarsh]

Same to the DNotes team and the entire community.

2018, for me, is going to be a year of personal transformation. First up, winning my bet at healthywage.com. I signed up to lose 20% of my body weight, and attached enough financial incentive to the goal that it will really hurt if I don't get there.

Here's to a great start to that and everyone else's 2018 goals for personal and professional betterment.

It always makes me happy to hear that someone I like hearing from is taking action to improve their odds of being on the planet longer and participating in it more. (I'm assuming that you have objective information that this is excess weight).

I really like it that you've found a way to gamify and enjoy the process. So I'm wishing you more than success with this venture, I'm hoping it brings lots of fun as well.

Yeah, I really liked the concept when I first heard of the site. Studies indicate upwards of a 40% increased chance in hitting goals when a financial incentive is there.

It will definitely be a lot of fun; I enjoy fitness. But every year the past 10 years since having kids, I seem to get just a little bit fatter. I've run 6 marathons the last 10 years, with my latest coming late last April. But my BMI technically puts me just a hair over obese. I lovvvvvve running, but it's not conducive to fat burning since that is best for exercise that is 110-120 heartbeats per minute. My trouble is that I motivate myself by saying "Im gonna running a marathon in 9 months." Then all my training focus is on that. And it's really only during the first few weeks of plodding along that I'm doing much fat burning. But I can't stay in that paradigm, since I have to start building towards the race.

So, I feel like the financial incentive/gamifying will take the place of the marathon as motivation...and allow me the mental freedom just do 60-90 minutes a day of walking on a treadmill, without the pressure of feeling like I need to get to the next level asap for an upcoming race.

Anyhow, this is going to be an amazing year.

What's everyone else's top self-improvement goals for the upcoming year? How about you TM?

Okay you've both inspired me to and made me think about it, so here goes…
I don't have that button that fires off on new years because we're at the same point around the sun as we were last year. I've rarely started and only once finished a new year's resolution. That one that I did was to stop me being so damn emphatic. So I removed the word 'is' from my vocabulary for a year.

This year:

• I'm doing a yoga retreat in March and walking the 600km Camino de Santiago in July. So getting closer to touching my toes is on the cards.
• Mentally; I'm aiming for at least two 10 minute sessions of meditation a week.
• Skills; I'm learning python and experimenting with writing AI code.
• Creative writing; Proofread and edit my novel "Demon Spawn Goes to High School"
• Commercial writing; Try my hand at writing scripts/screen plays for short Youtube videos.
• Emotionally; I'm working on being more present when feeling hurt or in trouble.
• Musically; I'll be focusing on the ocarina because I just bought a new one that is an octave lower and easier on the ear.
• Languages; Khmer is a long term project, but I'll add some Spanish in this year, I bought the Language Hacking Spanish book.
• Artistically; sadly I don't think I'll have time to keep learning the 3D software Blender this year.
• Charity/Social; I still believe that nearly all of the little fires that everyone spends their energy trying to put out, would all go out on their own if we banned all forms of donations to political parties accept personal donations capped at a level where the majority of the population would donate, like $20–$80. So that will continue to be my battle.  

That was worth spending the time thinking about, MiningHabit. And because of this, I'll probably stay more focused on it and get better results by the end of the year. It was a good exercise, so I'll quote you to end this:

What's our top self-improvement goals for the year? ... edited as per Alan's excellent suggestion.

You're my brother from another mother. I started up a yoga practice about 2 years ago. And it was amazing. At $89/mo, the local studio got to be too expensive. But the 14-16 months I was going regularly were amazing.

And I'm right there with you w.r.t. writing AI code. I really wanted to get deep into this stuff last year, but my hobby time was spent on building and maintaining a mining rig, as well as building out various crypto investment decisions. With mining winding down, and my crypto trading on autopilot, it's time to go back to this. Especially now that the whole thing has been demystified for me a little bit. We are building machine learning models for our computer vision stuff. And it's been really fun listening to my new Israeli colleague describe her struggles building a machine learning model to put inside a part of our code.

It's magic, but no more magic than mining. In fact, I was bemused by hearing her mention some of the registry and virtual memory tweaks she needed to make to get the model made. Literally the same things I was going for my mining rig!

I'm thinking of doing the Johns Hopkins specialization on Coursera. But maybe that's too deep. Like with mining, maybe it's best just to dive in and learn by doing.

I really like your creative goals too. One thing I know I need to do a lot more of is processing/journalling out my thoughts and experiences. Life is coming at me so fast that I don't spend a lot of time processing, only doing. It's a source of a lot of anxiety, and I know that focusing more on mindfullness and high level end-of-day processing will be massively helpful here. You seem to be tracking right along the same lines....

Thanks for the spreadsheet link. I think I'm going to mod that a bit and use it myself. Thanks a lot for sharing it!

I certainly agree MiningHabit, we've got plenty in common. I'm a big believer in the power of social filters to bring like minded people together, and this DNotes thread, with its well informed discussions has certainly done that for me. With AI, I'm really right at the beginning, but want to actually understand the emergent properties, not just that they're there and how to leverage them. So I've got a working ANN with 1 input node, 1 middle layer node, and 1 output node. And it still works. So technically it is just a single complex algorithm. Next step is to tease that apart and understand it.

I'm glad you find the spreadsheet useful, and you'll probably see that my first week didn't go well. This week will be better.

[TimMarsh]

Greetings everyone. What is total supply of Dnotes and what do you think about PoS on Dnotes?

Welcome Vingge, the total current supply is around 130 million
https://chainz.cryptoid.info/note/

Our next upgrade, DNotes 2.0, which we will have a 1:1 coin swap will be POS. POS is better aligned with our philosophy of shared stake, those that have an invested interest in the coin will benefit the most. Additionally, on top of the staking reward structure, we will have CRISP built into the blockchain reward system. Those who store their coins for 30 days or more in the same wallet will earn .166% (2% annual with monthly compounding), and those who store their coins in the same wallet for 365 days or more will earn 4%. As a result there will be no cap in DNotes 2.0.

NO CAP ANYMORE??
I think that whoudnt be good for the price because the value of the coin will be lost
That realy concern me and i think to move out

We all should make our own investment decision based on our comfort level and risk appetite. As a rule, never invest more than you can afford to lose in case of a total loss.  

It is a good practice to maintain a balanced investment portfolio and not put all your eggs in one basket, no matter how promising it looks. Additionally, it helps to gain a good understanding of the business model applicable to the specific investment. I generally would take the “highway” and move on if the business model is not cohesive, incomplete, or one that I do not understand. Unfortunately, many of the offerings in our industry fall under this category. That is a little troubling.

The current DNotes model is capped at 500 million, which will not max out for generations as a Proof of Work (PoW) coin. Moving on, DNotes 2.0 is a Proof of Stake (POS) coin. It is best suited in the fulfillment of our commitment to encourage long-term savings and making it accessible for everyone to participate in the most meaningful and rewarding way. This model is pro-savings and pro-stakeholders’ interest verses getting rich over-night. It is consistent with out long-term push for DNotes to gain mass acceptance. Most importantly, it will work just as well today, as it will 500 years from now.

We have no doubt that this model, coupled with DNotesVault and our fully integrated ecosystems, will be proven to be far superior for our stakeholders than other models more tilted towards speculative trading. In addition, DNotes Global will be a significant contributor to DNotes intrinsic value. Our cross-ownership model will also be beneficial across a board spectrum collaboration and partnerships using DNotes as the digital currency of choice.

Edited for clarification per request:

“No Cap” may be misleading. The rate of growth is actually capped, based on the issuance of new DNotes for payment of staking reward (2% per year) + monthly CRISP reward (1.66% every 30 days or 2% per year) + annual CRISP reward (4% every 365 days.) The annual total is approximately 8%. That is the annual growth rate and in proportion to your ownership of DNotes, if you participate in full. If we cap it there will be a time, generations from now, we will not have the DNotes to support this program. Consequently, the reward program will end or corrected with a new fork, which can be challenging as we have seen with Bitcoin.

I am heading off to a meeting as part of my search for Board members and Board of advisors. I encourage our community to continue the discussion and further clarify this important matter. We are always mindful of the best interest of DNotes' stakeholders. Thanks.

To add to what Alan has mentioned. The rate of growth for the POS / CRISP model for the individual is proportional to the rate of growth of the network (network goes up 8% and you get 8% of your DNotes). Whereas with POW and the existing model the rate of growth is not proportional to the rate of growth for individual (network goes up 10% and you get 0%).

In the existing DNotes POW model, 1,000,000 new DNotes are created every month and those DNotes go to the miners, those that own DNotes currently do not get a share in that and this creates a drag on the value. The individual is essentially paying a 'tax' of sorts to secure the network.

In the POS / CRISP model. An estimated 850,000 new DNotes would be created in a month (it would be lower depending on the number of people who are saving for CRISP) and given to those with an invested interest in DNotes. Instead of buying mining equipment, they had to buy DNotes, in order to secure the network and generate a CRISP interest payment. The 'tax' for securing the network is instead distributed to the users.

In addition, in the POS/CRISP model. The recipients of the newly minted DNotes have significant reason to be interested in the price of DNotes, and significant reason to save rather than sell their DNotes. Opposed to the POW model where miners are incentivized to move between networks and sell just as fast as they can mine the coins.

Lastly, as Alan mentioned, it would take decades in the existing POW model, to realize any significant reduction in supply that would have a real impact on the value.

If you compare the two models objectively, in just about every aspect, POS / CRISP is more beneficial to the individual DNotes stakeholder.

As a bit of an exaggerated and oversimplified example: Imagine 100 people all in a room. Each person starts with $10 dollars. We have two options:
1) Each person gets $1 every day, but we do this forever.
2) Bob and Alice each get $50 every day, because they are the designated miners, but we will only give them $50 each for the next 100 years.
Sure, if you were Bob or Alice, you would likely vote for option 2. But if you were John or anyone else in the room, not one of the miners, which option would you chose?

I may be a bit biased, but in my opinion this is the most well thought out (and fairest) strategy I've seen for making cryptocurrency an investment for everyone. The total potential staking reward is similar to the average historical return in the stock market - 7%. Paying a staking reward out forever, allows everyone to get a relatively stable return on their investment over the years, and also means it will never be too late to start buying DNotes. 

Thanks Chase! I would encourage everyone to give an opinion on this topic. This change is ultimately for the benefit of DNotes and all of it's current and future stakeholders and your feedback is important to us.

There are so many variables and approaches to cryptocurrency, that it is usually impossible to bet on which technology or solution will end up being the most successful. But when it comes to the POW v.s. POS discussion it gets really simple. POW was necessary with the beginning of bitcoin because work was the only way to force value into an idea. Since then, the concept of blockchain based currencies has been tested and gained public confidence. Because of this, POW is no longer required to inject value into the coin. But security and trust will always be necessary.

So long as a POS solution is able to provide security and trust, it will always be superior to POW. To support a POW cryptocurrency, electricity must be purchased and processing time must be used. Until both are free, this cost must be born by the network. This means that there must always be a drain on the value of the currency. It is also very common for the POW solution to cause a drain on performance which affects transaction time and fees.

POS is much less demanding on electricity and processing time. This means that cryptocurrencies based on POS are more efficient, with all of the flow on effects that generates.

There are many other advantages to POS in general, even if some of them are shared by a few POW solutions. POS enables and encourages a healthier network of nodes by being less demanding to maintain, and less profitable to concentrate into large operations. POW mining companies have much more control over accepting or rejecting code, than the people who own the POW cryptocurrencies affected by their choices. So POS cryptocurrencies are much more likely to act in the interests of currency holders than POW systems are. Because POS does not need to wait for a complex puzzle to be solved, transaction periods can be much more regular, and much more frequent. And this is just some of the main advantages.

Due to this, I am confident that all cryptocurrencies, including bitcoin, that make it through to 2028 and are used in regular transactions will be POS or some other alternative to POW.