DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[Dyna]

Has anyone been to DNotes OP lately? https://bitcointalk.org/index.php?topic=1924858.0

I just did. Frankly, quite impressive and everything is on course.  

Well, I was approached by one of my 6000 + LinkedIn connections to be a speaker at the World Funding Summit on November 17 and 18, 2017 in Los Angeles. If all works out this could be a great thing for DNotes NextGen VC as mentioned in our OP road-map.

[DCEBrief]

Fidelity Makes it Easier for Clients to See Their Crypto Holdings

https://dcebrief.com/fidelity-now-allows-clients-to-see-their-crypto-holdings-on-its-website/

[TimMarsh]

WIRED writes About Intrinsic Value

Yesterday, Zachary Karabell of Wired magazine wrote about intrinsic value, both fiat and cryptocurrency. I enjoyed the whole article, but found his comments about mistrust in fiat currency during the 19th century most interesting.

In fact, you could troll through reams of 19th- and early 20th-century fulminations, replacing the words “paper money” with “bitcoin,” and be hard-pressed to tell the arguments apart.

To understand a lack of faith in 'paper money' we really need to get our heads into the mindset of the times. This was a period where land and title held value. A still primarily agricultural society quickly recognises the ability of land to generate income. Land also requires an army to steal. Even gold which can be stolen is less of a risk than paper which can disintegrate in water or burn into nothing.

And at that time, the actions of government had some effect on the value of land, but nothing like it does on the value of its national currency. Zachary went on to mention the Argentinian peso, but skipped the Venezuelan bolívar. And while he acknowledged that neither fiat nor cryptocurrency had intrinsic value, he did recognise that trust builds up over time and gives a sense of worth.

I recently read the headline, "Swiss franc eases slightly after spiking on North Korea tensions" and wondered if the value people perceive in the franc is a residual impression generated during the world wars. If it is, then it looks like time is a significant factor in gaining trust. And maybe 80 years from now, people will wonder why the world was so cautious about a currency that could not be destroyed by water, or fire. Was immune to nationalistic manipulation. And could be protected from theft simply by remembering a phrase.

https://www.wired.com/story/bitcoin-has-no-intrinsic-value-neither-does-a-dollar1-bill/

[Chase]

Has anyone been to DNotes OP lately? https://bitcointalk.org/index.php?topic=1924858.0

I just did. Frankly, quite impressive and everything is on course.  

Well, I was approached by one of my 6000 + LinkedIn connections to be a speaker at the World Funding Summit on November 17 and 18, 2017 in Los Angeles. If all works out this could be a great thing for DNotes NextGen VC as mentioned in our OP road-map.

"Well, I was approached by one of my 6000 + LinkedIn connections to be a speaker at the World Funding Summit on November 17 and 18, 2017 in Los Angeles. If all works out this could be a great thing for DNotes NextGen VC as mentioned in our OP road-map." 

That is fantastic! I hope it all works out.

Everyone should check out DNotes OP - https://bitcointalk.org/index.php?topic=1924858.0

[Dyna]

WIRED writes About Intrinsic Value

Yesterday, Zachary Karabell of Wired magazine wrote about intrinsic value, both fiat and cryptocurrency. I enjoyed the whole article, but found his comments about mistrust in fiat currency during the 19th century most interesting.

In fact, you could troll through reams of 19th- and early 20th-century fulminations, replacing the words “paper money” with “bitcoin,” and be hard-pressed to tell the arguments apart.

To understand a lack of faith in 'paper money' we really need to get our heads into the mindset of the times. This was a period where land and title held value. A still primarily agricultural society quickly recognises the ability of land to generate income. Land also requires an army to steal. Even gold which can be stolen is less of a risk than paper which can disintegrate in water or burn into nothing.

And at that time, the actions of government had some effect on the value of land, but nothing like it does on the value of its national currency. Zachary went on to mention the Argentinian peso, but skipped the Venezuelan bolívar. And while he acknowledged that neither fiat nor cryptocurrency had intrinsic value, he did recognise that trust builds up over time and gives a sense of worth.

I recently read the headline, "Swiss franc eases slightly after spiking on North Korea tensions" and wondered if the value people perceive in the franc is a residual impression generated during the world wars. If it is, then it looks like time is a significant factor in gaining trust. And maybe 80 years from now, people will wonder why the world was so cautious about a currency that could not be destroyed by water, or fire. Was immune to nationalistic manipulation. And could be protected from theft simply by remembering a phrase.

https://www.wired.com/story/bitcoin-has-no-intrinsic-value-neither-does-a-dollar1-bill/

Thanks, TimMarsh. Interesting read.

I found this quote most meaningful: "I own some myself, and have adopted the wise words of Wences Casares, one of the apostles of bitcoin: own less than 1 percent of your net worth, don’t buy and sell bitcoin, and don’t do anything with it for at least five years, at which point it will either be worth a lot more or absolutely nothing. I have yet to use bitcoin for a transaction, and wouldn’t know where to do so. That alone says something about where we are in its evolution."

[KellyHuson]

Hi Kelly.

We really value that you've come to the forum to get our opinion. I notice that numerous others have given their view, but I am hoping that my experiences and views on this may be of some help.

Firstly, nobody here can predict the future, neither affect the price as an individual, but we can as a group of people with mutual interests build value into a system, which as you no doubt are aware we are working to do. Price is often set by expectations of the future and it is likely that the more people who are impressed by our next installment in DNotes 2.0, the higher the price is likely to go.

It's never fun when your portfolio is lower than where you bought in, but investing is of course all about gains over time. My first purchases in Bitcoin (having been a miner) were early 2014 when a Bitcoin was about 750 USD. It subsequently went down to as low as ~160 USD over the next year, but regained to 750 by mid 2016, and is now ~3300-3500 today. I don't know where Bitcoin will be in a year, but with DNotes I believe it will do very well in the long-term as a result of a unique approach to succeed that would be very difficult for any rival to replicate, qualified leaders, a trusted brand. As it stands, immaturity in the industry has meant many are unaware of the value in our approach, or do not yet know who we are. A strong PR drive will accompany the launch of DNotes 2.0. At that time, people will at least take notice. For this reason, my view is that your situation is similar to Bitcoin during 2014/15.

I understand that only you know what is best for you Kelly, and I sincerely wish you all the best.

Thank you very much TeeGee
i'm sure you're right. and DNotes v2 will makes some good changes in price and value .
but the release date is in september, i don't think it would be possible for me to invest anything till late november ...
by the way, i just quit being sad ... and i know eventually i will recover all i have lost... and probably more.. 
and someday will laugh at this days .
i am pretty positive about this coin future and i know your team efforts will pay off .
wish you luck and success.

[Dyna]

I am still constantly bombarded with ICO offerings and invitations to serve as an advisor which I have politely declined. From my vantage, there could be tens of thousands of ICOs in the making. Our industry is becoming a mega casino.

The following article is interesting. But it means leaving out the small investors in favor of accredited investors with annual income of $200,000 or more or net worth $1 million or more.  

https://cointelegraph.com/news/is-there-such-a-thing-as-a-sec-compliant-ico-filecoin-thinks-so-raises-52-mln

Is There Such a Thing as a SEC Compliant ICO? Filecoin Thinks So - Raises $52 Mln

The recent SEC ruling that Initial Coin Offerings (ICOs) will have to comply with securities registration laws (if the tokens they are selling are considered equity) has resulted in apprehensions that ICOs may dry up in the US. However, Filecoin has raised $52 mln in a pre-ICO sale, as a prelude to what is claimed to be a SEC compliant ICO.
What is Filecoin?

Filecoin, developed by Protocol Labs, is a decentralized storage network. The network is expected to give owners of unused storage a means to monetize their storage capacity. It is also expected to bring down the costs of storing data reliably. Given the large amounts of unused storage in data centers and hard drives around the world, a natural market exists for this service.

Pre-ICO

Filecoin has raised $52 mln in a pre-ICO sale, in which the company offered selected investors securities which would lead to the allocation of Filecoin tokens. Investors who took part in the pre-ICO sale include Winklevoss Capital and Digital Currency Group. This will be followed by an ICO on Coinlist, which will open on Aug. 7.
SEC compliant

The list of documents available for prospective inspectors is comprehensive – ranging from the white paper to Private Placement Memorandum to Simple Agreement for Future Tokens (SAFT). The tokens will not be registered under the Securities Laws and will be sold under an exemption clause only to accredited investors. Each investor will have to execute the SAFT and will have to complete an investor questionnaire to participate in the token sale. There are also constraints on the ability of investors to sell these tokens until they are ‘vested’ (Vesting Period as agreed in the SAFT and measured from the network launch).

Is this the right approach?

The SEC rule on accredited investors works on the assumption that wealthy investors (as defined by net worth) are more likely to be knowledgeable and understand the risks of investment. However, in the cryptocurrency space, this is not necessarily true. A cross section of people including students, software engineers, cryptography specialists, etc. may have a deep understanding about ICOs but may not have the net worth required to be an accredited investor. Preventing them from investing is only going to shut out a huge section of the cryptocurrency community from the ICO market.

[Dyna]

Hi Kelly.

We really value that you've come to the forum to get our opinion. I notice that numerous others have given their view, but I am hoping that my experiences and views on this may be of some help.

Firstly, nobody here can predict the future, neither affect the price as an individual, but we can as a group of people with mutual interests build value into a system, which as you no doubt are aware we are working to do. Price is often set by expectations of the future and it is likely that the more people who are impressed by our next installment in DNotes 2.0, the higher the price is likely to go.

It's never fun when your portfolio is lower than where you bought in, but investing is of course all about gains over time. My first purchases in Bitcoin (having been a miner) were early 2014 when a Bitcoin was about 750 USD. It subsequently went down to as low as ~160 USD over the next year, but regained to 750 by mid 2016, and is now ~3300-3500 today. I don't know where Bitcoin will be in a year, but with DNotes I believe it will do very well in the long-term as a result of a unique approach to succeed that would be very difficult for any rival to replicate, qualified leaders, a trusted brand. As it stands, immaturity in the industry has meant many are unaware of the value in our approach, or do not yet know who we are. A strong PR drive will accompany the launch of DNotes 2.0. At that time, people will at least take notice. For this reason, my view is that your situation is similar to Bitcoin during 2014/15.

I understand that only you know what is best for you Kelly, and I sincerely wish you all the best.

Thank you very much TeeGee
i'm sure you're right. and DNotes v2 will makes some good changes in price and value .
but the release date is in september, i don't think it would be possible for me to invest anything till late november ...
by the way, i just quit being sad ... and i know eventually i will recover all i have lost... and probably more.. 
and someday will laugh at this days .
i am pretty positive about this coin future and i know your team efforts will pay off .
wish you luck and success.

Thank you, Kelly. You have been very gracious. I must add that I am very proud of our community for being so supportive and positive.

You all are amazing and an inspiration to me. DNotes is fully committed to doing the right thing at the right time - of course, the right way. I trust that we all will be well rewarded one day - likely to be quite soon. We are very excited on the progress our team has been making in preparation of DNotes 2.0 launch. 

[DCEBrief]

Coinbase Announces $100M Series D Funding

https://dcebrief.com/coinbase-announces-100m-series-d-funding/

[TimMarsh]

Thanks, TimMarsh. Interesting read.

I found this quote most meaningful: "I own some myself, and have adopted the wise words of Wences Casares, one of the apostles of bitcoin: own less than 1 percent of your net worth, don’t buy and sell bitcoin, and don’t do anything with it for at least five years, at which point it will either be worth a lot more or absolutely nothing. I have yet to use bitcoin for a transaction, and wouldn’t know where to do so. That alone says something about where we are in its evolution."

That's interesting Alan because I hovered over that quote for a while too. I hadn't heard about Wences or his quote when I wrote:

"By that I mean you don't need to buy a whole coin even, to do well out of a runaway success. So I've been thinking about how hard it would be to create a small portfolio for $100 by buying just $10 worth of the ten most likely to succeed cryptocurrencies. If nine went nowhere, and one only gained ten times it's value, you're safe. But if just one of them takes off and gains 100–1000 times it's value, you'll have done better than any other investment opportunity I can think of."

But I never had any insight into how long that portfolio should be left to sit. Wences' recommendation seems rather short to me, at 5 years. I've only rolled out major tech upgrades within a government environment, so my sense of how long things take is certainly skewed. But I think five years is about the minimum for getting a ground breaking technology, that contributes real value, off the ground. But maybe the activity in this space is so volatile, that 5 years could have become an overestimate.

My previous thoughts about a $100 investment portfolio also relate to what you've mentioned regarding the SEC compliant ICO. I've never supported the idea that we need the government to absorb the role of 'parent' after we've grown up, protecting us from our own bad decisions. In fact I believe it is the role of democracy to do the opposite. Once we grow up we should protect the government from making bad decisions. So I don't like the idea of legislation determining who can invest in securities or ICOs and who is banned from the opportunity.

I also agree with you that this space requires a different body of knowledge, and that the rich are not necessarily the most informed. What I do believe about the rich, is that they have the most capacity to lose without getting into a situation where they depend on society to support them. But whether you're rich or not, I certainly agree with the advice that in cryptocurrency, only invest what you can afford to lose.

And as for the Filecoin ICO, by Protocol Lab, I would run away because it fails one of your basic tests. Is it bringing something new, and necessary to the market which is hard to duplicate? No. Storj started three years ago, has a working product and is preparing to migrate from bitcoin the etherium this year. Kim Dotcom is re-inventing MegaUpload to do the same thing with bit cache. And when the function benefits from mass adoption and people don't want to run multiple storage apps, there can only be a limited number of successful players in the market. For an approximation of this, I'd compare the market share of the top four centralised could storage providers.
 
Usage Of Cloud Storage 2017

Platform	Market Share
Dropbox	77%
Google Drive	17.2%
OneDrive	5.1%
Box	0.8%

Source: https://blog.cloudrail.com/cloud-storage-report-2017/

[Dyna]

Thanks, TimMarsh. Interesting read.

I found this quote most meaningful: "I own some myself, and have adopted the wise words of Wences Casares, one of the apostles of bitcoin: own less than 1 percent of your net worth, don’t buy and sell bitcoin, and don’t do anything with it for at least five years, at which point it will either be worth a lot more or absolutely nothing. I have yet to use bitcoin for a transaction, and wouldn’t know where to do so. That alone says something about where we are in its evolution."

That's interesting Alan because I hovered over that quote for a while too. I hadn't heard about Wences or his quote when I wrote:

"By that I mean you don't need to buy a whole coin even, to do well out of a runaway success. So I've been thinking about how hard it would be to create a small portfolio for $100 by buying just $10 worth of the ten most likely to succeed cryptocurrencies. If nine went nowhere, and one only gained ten times it's value, you're safe. But if just one of them takes off and gains 100–1000 times it's value, you'll have done better than any other investment opportunity I can think of."

But I never had any insight into how long that portfolio should be left to sit. Wences' recommendation seems rather short to me, at 5 years. I've only rolled out major tech upgrades within a government environment, so my sense of how long things take is certainly skewed. But I think five years is about the minimum for getting a ground breaking technology, that contributes real value, off the ground. But maybe the activity in this space is so volatile, that 5 years could have become an overestimate.

My previous thoughts about a $100 investment portfolio also relate to what you've mentioned regarding the SEC compliant ICO. I've never supported the idea that we need the government to absorb the role of 'parent' after we've grown up, protecting us from our own bad decisions. In fact I believe it is the role of democracy to do the opposite. Once we grow up we should protect the government from making bad decisions. So I don't like the idea of legislation determining who can invest in securities or ICOs and who is banned from the opportunity.

I also agree with you that this space requires a different body of knowledge, and that the rich are not necessarily the most informed. What I do believe about the rich, is that they have the most capacity to lose without getting into a situation where they depend on society to support them. But whether you're rich or not, I certainly agree with the advice that in cryptocurrency, only invest what you can afford to lose.

And as for the Filecoin ICO, by Protocol Lab, I would run away because it fails one of your basic tests. Is it bringing something new, and necessary to the market which is hard to duplicate? No. Storj started three years ago, has a working product and is preparing to migrate from bitcoin the etherium this year. Kim Dotcom is re-inventing MegaUpload to do the same thing with bit cache. And when the function benefits from mass adoption and people don't want to run multiple storage apps, there can only be a limited number of successful players in the market. For an approximation of this, I'd compare the market share of the top four centralised could storage providers.
 
Usage Of Cloud Storage 2017

Platform	Market Share
Dropbox	77%
Google Drive	17.2%
OneDrive	5.1%
Box	0.8%

Source: https://blog.cloudrail.com/cloud-storage-report-2017/

Wow. Amazing prospective, Tim. If I ever start a "Think Tank" group, I want you to be a part of my team.

Unfortunately, we live in a rather "confused world". We need more people to think "outside of the box" to help our world to be slightly better. DNotes is our platform and I am 100% committed to our missions. We'll talk more later. I am heading home to Chicago, a 3.5 hours drive.

Oh just one more thing - I am confirmed as one of the speakers at the World Funding Summit this November in LA. It's a big deal to be among many "A List" speakers". Exciting time ahead for DNotes.
 

[DNotes]

Oh just one more thing - I am confirmed as one of the speakers at the World Funding Summit this November in LA. It's a big deal to be among many "A List" speakers". Exciting time ahead for DNotes.
 

Looks like a great venue for discussing NextGen VC.

http://worldfundingsummit.com/

It will be FRI, NOV 17, 2017, 8:00 AM – SAT, NOV 18, 2017, 6:00 PM PST at the Los Angeles Convention Center.

View the full Event Guide here:
http://dnotescoin.com/wp-content/uploads/2017/08/What-to-Expect-2017.pdf

[Onyf]

Pool DNotes


Fee 2%
No registration
Auto payments 30 min
Large selection of coins and algorithms

http://TimeTeh.com/

[DNotes]

Pool DNotes


Fee 2%
No registration
Auto payments 30 min
Large selection of coins and algorithms

http://TimeTeh.com/

Thanks Onyf, are you just getting started with running a pool?

[goopuss]

Hey guys, just an FYI, I tried to withdraw my notes fro, Poloniex and I never got them out. I contacted them for 4 days and no one ever got back with me, so I sold them and withdrew my BTC. So I see today that notes is down on Poloniex, and of course all other exchanges follow. May need to address this with Poloniex, and possibly get off of that horrible exchange. The support there is horrible and, I don't know about today,but all last week I could not withdraw my Notes and nobody would respond to me with my concern. Even still today, I have not received any correspondence from them whatsoever. Consider contacting them about their Notes withdrawal problem, or get off of that exchange. People will be giving away their Notes because they cannot withdraw them. No reason for Notes to be at this low price on that big exchange. DO this before Dnotes 2.0 is released. Trust em....I see a HUGE red flag with that exchange.

If anyone has Notes on Poloniex try to do a withdrawal and see if they are doing everything properly now. If there is a problem alert Dnotes here to contact Poloniex to discuss this matter.

Thank you.

[SCeeYong]

If anyone has Notes on Poloniex try to do a withdrawal and see if they are doing everything properly now. If there is a problem alert Dnotes here to contact Poloniex to discuss this matter.


Have also read in other forums about the problems encountered at PoloniEx regarding withdrawals, poor customer service etc.....

Is PoloniEx still a reliable exchange to buy our Dnotes with Bitcoins?

[1Hakuba]

I was able to withdraw about two weeks ago into my Dnotes vault account.  However, recently I have not been able to withdraw any Dnotes from Poloniex.  My withdrawal was pending for more than 24 hours so I cancelled it.  I really want to transfer the rest over to the Vault before the switch to 2.0, but no luck.  Will try again today and let you know if it works. 

[Dyna]

Hey guys, just an FYI, I tried to withdraw my notes fro, Poloniex and I never got them out. I contacted them for 4 days and no one ever got back with me, so I sold them and withdrew my BTC. So I see today that notes is down on Poloniex, and of course all other exchanges follow. May need to address this with Poloniex, and possibly get off of that horrible exchange. The support there is horrible and, I don't know about today,but all last week I could not withdraw my Notes and nobody would respond to me with my concern. Even still today, I have not received any correspondence from them whatsoever. Consider contacting them about their Notes withdrawal problem, or get off of that exchange. People will be giving away their Notes because they cannot withdraw them. No reason for Notes to be at this low price on that big exchange. DO this before Dnotes 2.0 is released. Trust em....I see a HUGE red flag with that exchange.

If anyone has Notes on Poloniex try to do a withdrawal and see if they are doing everything properly now. If there is a problem alert Dnotes here to contact Poloniex to discuss this matter.

Thank you.

Thank you for bringing this to our attention.

I have written to Poloniex and hope to get a prompt response, which I will post here on this Forum ASAP. To ensure that there is an issue, I have made two withdrawals, (a small one and a larger one) over the last twelve hours. Although, successfully confirmed, both transactions are still pending. There could be a number of reasons as a result of their rapid growth and constant demand for upgrades. At this point I am not too concerned. Let's wait and see what they have to say.

[Onyf]

Thanks Onyf, are you just getting started with running a pool?

Yes, we are.

[KellyHuson]

I should thank you all for your kindness, great comments and messages,especially Dyna for your helps and support.

I greatly appreciate it.

Regardless of lose and gain, i'm really happy with investing in DNotes, it made me to meet this great community.

I wish you all the true wealth, happiness...(and money ).