DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[wiser]

Confirmed the only factor is your weight against the network weight and those weights are based entirely upon the number of coins currently staking.

Thanks for confirming this. It matches my observations.

What about ideal coin pile size? Is there one, and if so, does the wallet try to automatically maintain it?

Right now it's looking like the best thing is to keep your pile as large as possible for optimal staking odds, but I still need to first get all my coins over to my wallet, and second, do some experimenting.

Whatever the optimal staking conditions are (and that will depend on the formula used), it would be *awesome* if the wallet automatically consolidated or split coin piles to match that optimal pile size. Otherwise users have to periodically do that manually.

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[DNotes]

Confirmed the only factor is your weight against the network weight and those weights are based entirely upon the number of coins currently staking.

Thanks for confirming this. It matches my observations.

What about ideal coin pile size? Is there one, and if so, does the wallet try to automatically maintain it?

Right now it's looking like the best thing is to keep your pile as large as possible for optimal staking odds, but I still need to first get all my coins over to my wallet, and second, do some experimenting.

Whatever the optimal staking conditions are (and that will depend on the formula used), it would be *awesome* if the wallet automatically consolidated or split coin piles to match that optimal pile size. Otherwise users have to periodically do that manually.

Your staking weight is the combination of all funds being staked in your wallet. As far as moving them around, or in different addresses or piles, would make no difference over time. Having them split in different staking wallets all-together, won't make a difference over time, but of course you would have two different points of failure.

[wiser]

Confirmed the only factor is your weight against the network weight and those weights are based entirely upon the number of coins currently staking.

Thanks for confirming this. It matches my observations.

What about ideal coin pile size? Is there one, and if so, does the wallet try to automatically maintain it?

Right now it's looking like the best thing is to keep your pile as large as possible for optimal staking odds, but I still need to first get all my coins over to my wallet, and second, do some experimenting.

Whatever the optimal staking conditions are (and that will depend on the formula used), it would be *awesome* if the wallet automatically consolidated or split coin piles to match that optimal pile size. Otherwise users have to periodically do that manually.

Your staking weight is the combination of all funds being staked in your wallet. As far as moving them around, or in different addresses or piles, would make no difference over time. Having them split in different staking wallets all-together, won't make a difference over time, but of course you would have two different points of failure.

So if in the same wallet I have three inputs (piles) of 5000 NOTE each, would those mint just as readily as if it was all a single input of 15,000 NOTE? What I'm seeing so far is that the larger piles mint and the smaller piles don't, but it may be that this balances out over time. I don't know.

[DNotes]

Confirmed the only factor is your weight against the network weight and those weights are based entirely upon the number of coins currently staking.

Thanks for confirming this. It matches my observations.

What about ideal coin pile size? Is there one, and if so, does the wallet try to automatically maintain it?

Right now it's looking like the best thing is to keep your pile as large as possible for optimal staking odds, but I still need to first get all my coins over to my wallet, and second, do some experimenting.

Whatever the optimal staking conditions are (and that will depend on the formula used), it would be *awesome* if the wallet automatically consolidated or split coin piles to match that optimal pile size. Otherwise users have to periodically do that manually.

Your staking weight is the combination of all funds being staked in your wallet. As far as moving them around, or in different addresses or piles, would make no difference over time. Having them split in different staking wallets all-together, won't make a difference over time, but of course you would have two different points of failure.

So if in the same wallet I have three inputs (piles) of 5000 NOTE each, would those mint just as readily as if it was all a single input of 15,000 NOTE? What I'm seeing so far is that the larger piles mint and the smaller piles don't, but it may be that this balances out over time. I don't know.

Here is an example:
amount   transactions   divided
2203557   575   0.000260942
189441   27   0.000142524
11806   2   0.000169408
31700   5   0.000157729
21799   6   0.000275237

All of these have one starting input. The luckiest one is the one with the balance of 21799 right now. But as time goes on I expect these to get closer and closer in the amount of luck they have.

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[wiser]

Here is an example:
amount   transactions   divided
2203557   575   0.000260942
189441   27   0.000142524
11806   2   0.000169408
31700   5   0.000157729
21799   6   0.000275237

All of these have one starting input. The luckiest one is the one with the balance of 21799 right now. But as time goes on I expect these to get closer and closer in the amount of luck they have.

What do the columns mean? I'm assuming "amount" is wallet balance, "transactions" is number of minting transactions. I have no idea what "divided" is.

[DNotes]

Here is an example:
amount   transactions   divided
2203557   575   0.000260942
189441   27   0.000142524
11806   2   0.000169408
31700   5   0.000157729
21799   6   0.000275237

All of these have one starting input. The luckiest one is the one with the balance of 21799 right now. But as time goes on I expect these to get closer and closer in the amount of luck they have.

What do the columns mean? I'm assuming "amount" is wallet balance, "transactions" is number of minting transactions. I have no idea what "divided" is.

Divided the number of transactions by the amount of coins. Or you can divide it the other way, number of coins / transactions (makes the lower number more lucky), either way it tells the same story in different ways. But the story is that: It doesn't matter how many coins are where, you will get varied results when looking at a short amount of time.

[Defoekoe]

Hi... please help me.
i send my dnotes from cryptopia before 16th of april into my vault wallet.
this is my addres... DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89
but i cant see my dnotes balance at myvault.
thanks for your help

[DNotes]

Hi... please help me.
i send my dnotes from cryptopia before 16th of april into my vault wallet.
this is my addres... DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89
but i cant see my dnotes balance at myvault.
thanks for your help

Hi Defoekoe, did Cryptopia release the funds yet or is it still pending?
https://chainz.cryptoid.info/note-old/search.dws?q=DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89

[wiser]

Here is an example:
amount   transactions   divided
2203557   575   0.000260942
189441   27   0.000142524
11806   2   0.000169408
31700   5   0.000157729
21799   6   0.000275237

All of these have one starting input. The luckiest one is the one with the balance of 21799 right now. But as time goes on I expect these to get closer and closer in the amount of luck they have.

What do the columns mean? I'm assuming "amount" is wallet balance, "transactions" is number of minting transactions. I have no idea what "divided" is.

Divided the number of transactions by the amount of coins. Or you can divide it the other way, number of coins / transactions (makes the lower number more lucky), either way it tells the same story in different ways. But the story is that: It doesn't matter how many coins are where, you will get varied results when looking at a short amount of time.

I think I see it. One interesting thing I notice in my wallet is that the minted amount is right around 5.85 NOTE no matter which pile of coins minted. So a smaller pile might mint fewer times than a larger one, but each minting instance is larger in terms of percent of the pile size for the smaller pile.

So, I'm concluding from this that I should put my coins in however many different addresses I want and just leave them alone, and over the long haul, every address with a balance will mint at a rate of 2% per year. Is that correct?

[Defoekoe]

Hi... please help me.
i send my dnotes from cryptopia before 16th of april into my vault wallet.
this is my addres... DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89
but i cant see my dnotes balance at myvault.
thanks for your help

Hi Defoekoe, did Cryptopia release the funds yet or is it still pending?
https://chainz.cryptoid.info/note-old/search.dws?q=DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89

yeah, i think cryptopia havent release my funds. how do i contact them? from what i know, ticket at cryptopia is dissapointment

[DNotes]

Here is an example:
amount   transactions   divided
2203557   575   0.000260942
189441   27   0.000142524
11806   2   0.000169408
31700   5   0.000157729
21799   6   0.000275237

All of these have one starting input. The luckiest one is the one with the balance of 21799 right now. But as time goes on I expect these to get closer and closer in the amount of luck they have.

What do the columns mean? I'm assuming "amount" is wallet balance, "transactions" is number of minting transactions. I have no idea what "divided" is.

Divided the number of transactions by the amount of coins. Or you can divide it the other way, number of coins / transactions (makes the lower number more lucky), either way it tells the same story in different ways. But the story is that: It doesn't matter how many coins are where, you will get varied results when looking at a short amount of time.

I think I see it. One interesting thing I notice in my wallet is that the minted amount is right around 5.85 NOTE no matter which pile of coins minted. So a smaller pile might mint fewer times than a larger one, but each minting instance is larger in terms of percent of the pile size for the smaller pile.

So, I'm concluding from this that I should put my coins in however many different addresses I want and just leave them alone, and over the long haul, every address with a balance will mint at a rate of 2% per year. Is that correct?

Oh yeah, the block reward is always Current Total Coins / 525,600 * .02.

Not exactly on the earnings part.
All coins are proportionally equal in terms of the reward value. However, your reward percentage varies based on how many total coins are staking.

For instance, roughly 1/3 of all coins are staking right now, so let's use that for our example, and let's use 150,000,000 for the figure for total coins.
We know that 2% of 150,000,000 will be distributed over the coarse of the year. Which is 3,000,000 coins.
If 100% of the coins were being staked, everyone would receive 2% (more because of the compounding element, but let's keep it simple and exclude it)
But where only 1/3 of all coins are being staked, 50,000,000, the reward doesn't change just the distribution. So each user would earn 6% (again excluding compounding).

[DNotes]

Hi... please help me.
i send my dnotes from cryptopia before 16th of april into my vault wallet.
this is my addres... DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89
but i cant see my dnotes balance at myvault.
thanks for your help

Hi Defoekoe, did Cryptopia release the funds yet or is it still pending?
https://chainz.cryptoid.info/note-old/search.dws?q=DsQMrujG4XRqYEv4tuTmCtdTxhkwLsSw89

yeah, i think cryptopia havent release my funds. how do i contact them? from what i know, ticket at cryptopia is dissapointment

Yes, I think you will need to open a support if they have not released the funds.

The good news is Cryptopia has been making an effort to improve support, with some marked results: https://dcebrief.com/cryptopia-announces-results-of-effort-to-improve-customer-support/
Hopefully your request won't take long to process and handle. Best of luck!

[DNotes]

DNotes 2.0 Frequently Asked Questions:

Q: What is new with DNotes 2.0?

A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum).

Specifications

POS
2% Annualized Staking Reward
Individual blocks reward will be Current Total Coins / 525,600 * 0.02
60 Second Block Target
0.005 Transaction Fee
Source: https://github.com/DNotesCoin/DNotes2.0
Download Wallet: https://github.com/DNotesCoin/DNotes2.0/releases/tag/v2.0.0.0
Directory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows)
CONF dnotes.conf (all lower case)

DNotes 2.0 Features
Switch to PoS
CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle.
Automated Invoicing (First Phase) - Integrated blockchain invoice number

There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins:
4/16/2018
Block# 2180897
133,574,552 Will be the total swappable amount of DNotes we create
+20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund
153,574,552 Total DNotes 2.0 Created

The next update (TBD) will include:
Deferred Staking

Q: How do I swap my coins? (before April 16th)

A: DNotes stored on the DNotesVault before April 16th are automatically swapped for you, you don’t need to take any action as the swap process has been done on your behalf.

For new coins you would like to swap, from an exchange, a local wallet, paper wallet, that were not already located on the DNotesVault:

If you do not already have a DNotesVault account, register here: https://dnotesvault.com/register
Login to your DNotesVault account.
Click “historic” at the top.
If you don't have any addresses yet, click create address.
Send your old DNotes to one of your historical addresses.
The DNotes you send will then be converted to the new DNotes 2.0 coins, and will show in your new DNotes wallet under “dashboard” after we have completed the swap process.
Note: Please allow some time for this process to complete.


Q: How do I swap my coins? (after April 16th)

A: Please fill out the following form: https://goo.gl/forms/EaoGpuXcz04C0KrS2

We will be performing post April 16th swap investigations beginning May 16th. Please do not send your DNotes anywhere after April 16th unless it is your own desktop wallet.

If you do happen to have pending withdrawals from the exchange to your DNotesVault HISTORIC accounts, please email us once the funds have been released. contact@dnotescoin.com


Q: I had a DNotes Vault account with DNotes in it before the swap. Have my old DNotes been swapped into the new coins?

A: Yes. We have taken care of swapping all coins held at the DNotes Vault at the time of the upgrade. You don’t need to take any action.


Q: I found some DNotes from the old blockchain, can I still swap them for the new DNotes tokens?

A: Yes, we will continue to run the old blockchain and give a reasonable period of time for people to swap their DNotes to the new DNotes 2.0 tokens. We recommend that users take action to swap their coins as soon as possible, and may treat swaps on a case by case basis.

Q: I have a paper wallet. How do I turn them into the new coins?

A: You will need to download the DNotes v1.2 software, and then use the importprivkey command in the debug console.


https://bitcoin.stackexchange.com/questions/5941/how-do-i-import-a-private-key-into-bitcoin-core

Once your wallet is updated, you will be able to send out your DNotes.

Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?

A: We have set April 16th as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap.

Q: What is Staking?

A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year.

Q: Can I stake my coins on the DNotesVault?

A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades.

Q: How do I stake?

Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process.

You will need to download the DNotes QT wallet here: https://github.com/DNotesCoin/DNotes2.0/releases/tag/v2.0.0.0

Install the wallet (and we recommend creating a backup)
Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you).
Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins.
Soon the arrow at the bottom will turn green. This means that your coins are now staking.
   
   You can watch a video of these steps here from our alpha release here:
   https://www.youtube.com/watch?v=2w9r2LoXM6c


Q: How do I earn the interest reward?

A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month.

Q: What exchanges are DNotes listed on?

A: Cryptopia, Nova, Yobit, & Trade By Trade

Q: Will DNotes 2.0 be listed on new exchanges?

A: The DNotes team are working to get DNotes listed on new and larger exchanges.

Q: When will Cryptopia relist DNotes 2.0?

A: Cryptopia is starting the delisting process and they have advised they will connect us with their relisting team once the DNotes have been removed from the exchange, in order to prevent confusion.

Q: Are the new DNotes 2.0 coins worth the same as the old coins?

A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins.

Q: I have DNotes on the exchange, do I need to remove them from the exchange?

A: Yes, as soon as possible. Please see “How do I swap my coins?”

Q: I have Mac or Specific Linux OS, will there be wallets for these?  

A: Yes!
We currently have Mac and Linux Mint Desktop wallets at DNotesCoin.com.

Q: Where is the block explorer?

A: https://chainz.cryptoid.info/note/

Q: Can I get CRISP reward AND stake at the same time?

A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking

Q: What is the CRISP reward structure?

A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period.

Q: What do I need to do to earn CRISP?

A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks.

Q: When will I receive CRISP payments?

A: The next payouts are as follows:

April 27 - Ends first CRISP period.
May 4 - Payout starts. (Virtually no one will receive this payout)
May 27 - Ends second CRISP period
June 3 - Payout starts

Roughly.

Q: Do I get CRISP payments at the DNotesVault?

A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers.

Q: Where do the CRISP coins come from?

A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward.

Q: I am trying to swap my coins from Cryptopia and I am getting Invalid Address

A: That address which begins with an "S" is your new DNotes 2.0 address and your coins on Cryptopia currently are DNotes 1.x. If you like to participate in the coin swap, you can click on the "HISTORIC" tab in your DNotesVault account, create an address, and deposit to that address which begins with a "D". We will take care of the rest, and swap your DNotes for you within a few days.

If you have any other queries, please email contact@dnotescoin.com

[DNotes]

Reminder: You can still swap DNotes for DNotes 2.0. However we are ending the grace period for newly mined DNotes eligibility for the swap tonight.

The next batch of swaps will be performed tonight and tomorrow. The following batch will be processed on May 16th after this one.

I will keep DNotes HISTORIC open for deposits, but please note the origin of your coins may require investigation and cooperation going forward.

[wiser]

Oh yeah, the block reward is always Current Total Coins / 525,600 * .02.

Not exactly on the earnings part.
All coins are proportionally equal in terms of the reward value. However, your reward percentage varies based on how many total coins are staking.

For instance, roughly 1/3 of all coins are staking right now, so let's use that for our example, and let's use 150,000,000 for the figure for total coins.
We know that 2% of 150,000,000 will be distributed over the coarse of the year. Which is 3,000,000 coins.
If 100% of the coins were being staked, everyone would receive 2% (more because of the compounding element, but let's keep it simple and exclude it)
But where only 1/3 of all coins are being staked, 50,000,000, the reward doesn't change just the distribution. So each user would earn 6% (again excluding compounding).

Ah, even better. So far what I've noticed is around 50 million coins staking at any one time, with occasional surges where more coins are staking for brief periods of time.

So... the bottom line is that all of my coins (regardless of how the inputs are) should be earning 2% if all coins in circulation are staking and 6 percent if 1/3 coins are staking (and every possibility in between depending on network weight). Mainly, I should send them to the addresses I want and then leave them alone. Right? It will all balance out over time.

[DNotes]

Oh yeah, the block reward is always Current Total Coins / 525,600 * .02.

Not exactly on the earnings part.
All coins are proportionally equal in terms of the reward value. However, your reward percentage varies based on how many total coins are staking.

For instance, roughly 1/3 of all coins are staking right now, so let's use that for our example, and let's use 150,000,000 for the figure for total coins.
We know that 2% of 150,000,000 will be distributed over the coarse of the year. Which is 3,000,000 coins.
If 100% of the coins were being staked, everyone would receive 2% (more because of the compounding element, but let's keep it simple and exclude it)
But where only 1/3 of all coins are being staked, 50,000,000, the reward doesn't change just the distribution. So each user would earn 6% (again excluding compounding).

Ah, even better. So far what I've noticed is around 50 million coins staking at any one time, with occasional surges where more coins are staking for brief periods of time.

So... the bottom line is that all of my coins (regardless of how the inputs are) should be earning 2% if all coins in circulation are staking and 6 percent if 1/3 coins are staking (and every possibility in between depending on network weight). Mainly, I should send them to the addresses I want and then leave them alone. Right? It will all balance out over time.

Yep!

[R-J-F]

Quick question: I made an internal move of some funds in DNotes vault and the system is saying "Pending Release Date" Can someone elaborate? 

[Dyna]

Oh yeah, the block reward is always Current Total Coins / 525,600 * .02.

Not exactly on the earnings part.
All coins are proportionally equal in terms of the reward value. However, your reward percentage varies based on how many total coins are staking.

For instance, roughly 1/3 of all coins are staking right now, so let's use that for our example, and let's use 150,000,000 for the figure for total coins.
We know that 2% of 150,000,000 will be distributed over the coarse of the year. Which is 3,000,000 coins.
If 100% of the coins were being staked, everyone would receive 2% (more because of the compounding element, but let's keep it simple and exclude it)
But where only 1/3 of all coins are being staked, 50,000,000, the reward doesn't change just the distribution. So each user would earn 6% (again excluding compounding).

Ah, even better. So far what I've noticed is around 50 million coins staking at any one time, with occasional surges where more coins are staking for brief periods of time.

So... the bottom line is that all of my coins (regardless of how the inputs are) should be earning 2% if all coins in circulation are staking and 6 percent if 1/3 coins are staking (and every possibility in between depending on network weight). Mainly, I should send them to the addresses I want and then leave them alone. Right? It will all balance out over time.

Sounds great, wiser. Looks like you are having fun, learning, and earning a great rate of return. Pretty hard to beat that. I hope many of our stakeholders will learn from you and join in to have some fun and nice earnings. Based on all the good things we are doing, DNotes has significant potential for appreciation as well. Getting DNotes listed on other exchanges, funding, and promoting my book are now among my highest priorities.

I had a fantastic interview with Ric Bratton of This Week in America yesterday. He is extremely knowledgeable about business, bitcoin, and DNotes. We ended up talking a lot about DNotes. I have done four shows so far with 5 more confirmed and more to come. I have also received requests for written articles and requests for print interviews. Perhaps because of these exposures, I am seeing an up tick in request for LinkedIn connections from senior executives of major companies, publications, and top business schools.

I have no doubt that strategically, DNotes is the best positioned brand to gain mass adoption in our industry. DNotes is a long-term investment. Once we start gaining momentum, I believe that DNotes will become widely available in many of the bigger exchanges. Meanwhile we are reaching out to every exchange.

[DNotes]

Quick question: I made an internal move of some funds in DNotes vault and the system is saying "Pending Release Date" Can someone elaborate? 

Hey RJF, all DNotesVault internal transfers are now processed externally on the blockchain for additional security and better tracking. Those will now require the same process and delay as an external transfer.