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Author Topic: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay  (Read 148794 times)
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August 16, 2017, 05:47:21 PM
 #921


DNotes has a great video collection to check out, and there are many more in progress.  Smiley


DNotes / DNotes Global Inc.

Introduction to DNotes - an Unfolding Big Bold Idea of Global Scale  - https://www.youtube.com/watch?v=ar8C7xBgpIE

DNotes Path to Mass Adoption - Ease of Use  - https://www.youtube.com/watch?v=dkf1174xltQ

DNotes General Discussion Part 1  - https://www.youtube.com/watch?v=Dexb11hcIMg

DNotes General Discussion Part 2  - https://www.youtube.com/watch?v=jyiV9RDytx0

Economic Freedom and How it Relates to Cryptocurrency  - https://www.youtube.com/watch?v=Zip5xpUlp3c

DNotes Global Ownership Model - https://www.youtube.com/watch?v=IenaYn1ce3w

DCEBrief - Why it's Important to the DNotes Ecosystem  - https://www.youtube.com/watch?v=uR9NHeFtTQY

DNotes - Backed By Business  - https://www.youtube.com/watch?v=D8jKBJx0ikM

DNotes 2.0 Promo  -  https://www.youtube.com/watch?v=bnkUL0vhpjQ

DNotesEDU Digital Finance & Cryptocurrency Education Platform   -  https://www.youtube.com/watch?v=v_DeEFWFkew

New!  -  DNotes Approach to Regulation & Compliance  -  https://www.youtube.com/watch?v=fX6lsBGa9hA


The Four Pillars of Business Success

Improve Your Odds - The Four Pillars of Business Success - Book Trailer  - https://www.youtube.com/watch?v=eQU_SFL46d0

The Four Pillars of Business Success - Introduction by Alan Yong  - https://www.youtube.com/watch?v=5JdWJ8IxCmU

Alan Yong Entrepreneurial History & Guiding Principles on Business Success  - https://www.youtube.com/watch?v=A23EmXtUHHw

10 Major Contributors to Business Success  -  https://www.youtube.com/watch?v=XxWMpoqq68c

10 Leading Pitfalls of Business Failures  -   https://www.youtube.com/watch?v=QZp7BPMljQ4

"The true sign of intelligence is not knowledge but imagination." -Albert Einstein-

DNotes EDU – Cryptocurrency Education For All – Accomplishments of 2018
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August 16, 2017, 07:24:38 PM
 #922

Indeed, moving right a long with DNotes 2.0. Before long we will need to run extensive live testing, and looking for people to get involved in the testing. Anyone who may be interested, please reply here or send us an email, contact@dnotescoin.com.

Happy to help however you might need.

DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World - https://bitcointalk.org/index.php?topic=1924858.0
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August 17, 2017, 12:56:40 AM
Last edit: August 17, 2017, 01:13:02 AM by Dyna
 #923

It is now official. I will be speaking at the:

World Funding Summit
November 17 - 18, 2017
Los Angeles, CA

http://worldfundingsummit.com/alan-yong

Hope you can join us. I will be sharing my vision on the future of finance, alternative funding, and ICOs for the next generation of entrepreneurs and business owners.

Register HERE: http://worldfundingsummit.com/schedule

Visit our OP to check out our road-map on NextGen VC HERE: https://bitcointalk.org/index.php?topic=1924858.0

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August 17, 2017, 04:24:44 AM
 #924

It is now official. I will be speaking at the:

World Funding Summit
November 17 - 18, 2017
Los Angeles, CA

http://worldfundingsummit.com/alan-yong

Hope you can join us. I will be sharing my vision on the future of finance, alternative funding, and ICOs for the next generation of entrepreneurs and business owners.

Register HERE: http://worldfundingsummit.com/schedule

Visit our OP to check out our road-map on NextGen VC HERE: https://bitcointalk.org/index.php?topic=1924858.0



Congratulations on the speaking spot. I already know that I'll be missing out on this one. But I'm hoping some of it will end up on Youtube or similar. I'm especially keen to lean more about what DNotes has in store for VC. There is such a massive and dangerous hole in the VC landscape around unregulated ICO-style VC with millions of dollars pouring into it. The sooner someone develops a safe and accountable infrastructure that automatically steps start-ups through a transparent vetting process the better.

I'm also really curious about the implementation of DNotes 2.0 that enables "...many innovative blockchain applications and smart contracts using DNotes blockchain..." This makes it look like it will incorporate a turing-complete language. If it does, I hope DNotes Global Inc do something really clever in providing some sort of shared library database for code addresses.

Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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August 17, 2017, 07:10:38 AM
 #925

Falcon Private Bank Expands Crypto Offerings for Clients

https://dcebrief.com/falcon-private-bank-expands-crypto-offerings-for-clients/
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August 17, 2017, 03:19:32 PM
 #926

It is now official. I will be speaking at the:

World Funding Summit
November 17 - 18, 2017
Los Angeles, CA

http://worldfundingsummit.com/alan-yong

Hope you can join us. I will be sharing my vision on the future of finance, alternative funding, and ICOs for the next generation of entrepreneurs and business owners.

Register HERE: http://worldfundingsummit.com/schedule

Visit our OP to check out our road-map on NextGen VC HERE: https://bitcointalk.org/index.php?topic=1924858.0



Congratulations on the speaking spot. I already know that I'll be missing out on this one. But I'm hoping some of it will end up on Youtube or similar. I'm especially keen to lean more about what DNotes has in store for VC. There is such a massive and dangerous hole in the VC landscape around unregulated ICO-style VC with millions of dollars pouring into it. The sooner someone develops a safe and accountable infrastructure that automatically steps start-ups through a transparent vetting process the better.

I'm also really curious about the implementation of DNotes 2.0 that enables "...many innovative blockchain applications and smart contracts using DNotes blockchain..." This makes it look like it will incorporate a turing-complete language. If it does, I hope DNotes Global Inc do something really clever in providing some sort of shared library database for code addresses.

Thanks, Tim.  Regarding my speech at the World Funding Summit, I certainly hope at least some video clips will be made available. I have been drafting the bullet points for submission and approval. It will be exciting. I used to speak to large audience quite often when I was the CEO of Dauphin Technology.

There is such a massive and dangerous hole in the VC landscape around unregulated ICO-style VC with millions of dollars pouring into it. The sooner someone develops a safe and accountable infrastructure that automatically steps start-ups through a transparent vetting process the better.”

Tim, you are correct.  I couldn’t have said it better. DNotes NextGen VC is committed to a different business model. Current ICOs are almost exclusively for cryptocurrency projects based on a newly conceived idea laid out on a “white paper”, often with stunning graphics. It is nearly impossible to verify any claims. Yet tens of millions have been raised in a very short period of time, despite the fact that most of the ICOs are not in compliance with existing security laws on the book. Of course, many will continue to argue otherwise.

Our business model is a little different. We will be focusing in working with established companies with excellent growth and profit potential in the presence of adequate funding and great management skills coupled with best use of blockchain technologies and smart contracts. There will be some participation in highly selective new projects based on truly great ideas.

We believe that, while more burdensome, it is possible to have ICOs that are in compliance with existing regulations utilizing side-by-side Equity Crowdfunding (Reg CF) and Regulation D Offerings limited to accredited investors. Reg CF is currently limited to $1 million but serious efforts are involved to raise it to $5 million.

DNotes 2.0 blockchain will be our ideal platform in issuing new tokens for those projects DNotes Global is involved with equity participation. My book is one of the building blocks that will contribute immense value to our success. I am very committed to help small investors and small business owners. ICO is our best tool to help accomplish our missions. But it must be done the right way and in compliance with regulations. Reasonable consumer protection is important to me, but not regulations over-reach.

I rather not get ahead of ourselves regarding DNotes future blockchain applications. As a rule, our model is to give priority to real world applications as mentioned in my previous paragraphs regarding ICOs. At this point it is safe to say that our business model will be different than Ethereum. I can elaborate more at another time. Meanwhile, anyone interested to learn more about what DNotes has been doing and why – it is very helpful to check out my interview with CEO/CFO magazine: http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htm
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August 17, 2017, 03:22:31 PM
 #927


https://dcebrief.com/coin-analysis-syscoin/

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August 17, 2017, 03:43:59 PM
 #928

Thanks for posting this article here.

Our team have all been active in the crypto industry for ~4 years, and in the case of Joe, a little more. DNotes itself is about 3.5 years old, launched in Feb 2014. In that time we have taken a vastly different approach to most other cryptocurrency projects. As a part of planning our strategic road map, we have looked into the work those around us are doing. There is a lot of talent in the cryptocurrency industry, bu many here will be aware that 95% of the projects that are launching won't ever release a viable product (like nearly any ICO). Part of keeping up with the happenings in the cryptospace has been researching what other people are doing, and this has led to us believing that building relationships with other trustworthy and competent groups in the industry will also be great for DNotes, and there is even potential that we may work with other groups that we build these relationships with in the future.

Syscoin have a long-term approach similar to DNotes - their product fills a key function, they don't create false hype, they have a company and verifiable faces behind their product, a loyal following, and competent development team. This made them great for the first coin analysis article. I will be writing more of these coin appraisals over the next few weeks while I continue to work on the DNotes 2.0 whitepaper, and I'm more than willing to give fair appraisal to worthwhile and trustworthy projects that others in this forum recommend. I don't hold any other crypto than DNotes, which basically means I have no conflict of interest anywhere I look. So feel free to send me by private message your suggestions (with reasons why)!




 

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August 17, 2017, 03:49:46 PM
 #929

Indeed, moving right a long with DNotes 2.0. Before long we will need to run extensive live testing, and looking for people to get involved in the testing. Anyone who may be interested, please reply here or send us an email, contact@dnotescoin.com.

Happy to help however you might need.

Thanks MiningHabit!

We will be seeking out additional code testers starting now and offering a DNotes bounty for reviewing parts of the DNotes 2.0 code. If anyone has experience or would like to make any suggestions for people in our industry to seek out.

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August 17, 2017, 09:22:35 PM
 #930

Thanks for posting this article here.

Our team have all been active in the crypto industry for ~4 years, and in the case of Joe, a little more. DNotes itself is about 3.5 years old, launched in Feb 2014. In that time we have taken a vastly different approach to most other cryptocurrency projects. As a part of planning our strategic road map, we have looked into the work those around us are doing. There is a lot of talent in the cryptocurrency industry, bu many here will be aware that 95% of the projects that are launching won't ever release a viable product (like nearly any ICO). Part of keeping up with the happenings in the cryptospace has been researching what other people are doing, and this has led to us believing that building relationships with other trustworthy and competent groups in the industry will also be great for DNotes, and there is even potential that we may work with other groups that we build these relationships with in the future.

Syscoin have a long-term approach similar to DNotes - their product fills a key function, they don't create false hype, they have a company and verifiable faces behind their product, a loyal following, and competent development team. This made them great for the first coin analysis article. I will be writing more of these coin appraisals over the next few weeks while I continue to work on the DNotes 2.0 whitepaper, and I'm more than willing to give fair appraisal to worthwhile and trustworthy projects that others in this forum recommend. I don't hold any other crypto than DNotes, which basically means I have no conflict of interest anywhere I look. So feel free to send me by private message your suggestions (with reasons why)!


Good article, great series! As with DNotes, I have held Syscoin almost since the first coins appeared in the blockchain. As you say, they are very professional and honest. They don't promise things they can't deliver and the value of their projects raises almost daily. It would be interesting if DNotes and Syscoin explored ways to work together since they do compliment each other. That would be a cool relationship, a real "win/win"

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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August 17, 2017, 09:24:13 PM
 #931

Indeed, moving right a long with DNotes 2.0. Before long we will need to run extensive live testing, and looking for people to get involved in the testing. Anyone who may be interested, please reply here or send us an email, contact@dnotescoin.com.

Happy to help however you might need.

Thanks MiningHabit!

We will be seeking out additional code testers starting now and offering a DNotes bounty for reviewing parts of the DNotes 2.0 code. If anyone has experience or would like to make any suggestions for people in our industry to seek out.

Refer to my post about Syscoin. I know in some ways they are the competition but, they are honest and would make a great partner if that appeals to any of you. Just a thought...

"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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August 18, 2017, 12:03:30 AM
 #932



Coin Analysis: Syscoin   -   https://dcebrief.com/coin-analysis-syscoin/


Thanks for posting this article here.

Our team have all been active in the crypto industry for ~4 years, and in the case of Joe, a little more. DNotes itself is about 3.5 years old, launched in Feb 2014. In that time we have taken a vastly different approach to most other cryptocurrency projects. As a part of planning our strategic road map, we have looked into the work those around us are doing. There is a lot of talent in the cryptocurrency industry, bu many here will be aware that 95% of the projects that are launching won't ever release a viable product (like nearly any ICO). Part of keeping up with the happenings in the cryptospace has been researching what other people are doing, and this has led to us believing that building relationships with other trustworthy and competent groups in the industry will also be great for DNotes, and there is even potential that we may work with other groups that we build these relationships with in the future.

Syscoin have a long-term approach similar to DNotes - their product fills a key function, they don't create false hype, they have a company and verifiable faces behind their product, a loyal following, and competent development team. This made them great for the first coin analysis article. I will be writing more of these coin appraisals over the next few weeks while I continue to work on the DNotes 2.0 whitepaper, and I'm more than willing to give fair appraisal to worthwhile and trustworthy projects that others in this forum recommend. I don't hold any other crypto than DNotes, which basically means I have no conflict of interest anywhere I look. So feel free to send me by private message your suggestions (with reasons why)!


Great idea and analysis, Tim. Most people don't know what to look for in a cryptocurrency investment (inside and outside the industry), and for those that do, chances are they don't have the time to sort through a thousand of them. Paying attention to what has been going on the last four years with other currencies gives DNotes a distinct advantage, and I would feel very comfortable narrowing my own research, analysis, and potential investment to the handful selected by any member of the DNotes team. Thanks Tim, for all the time this will save us.  Smiley

"The true sign of intelligence is not knowledge but imagination." -Albert Einstein-

DNotes EDU – Cryptocurrency Education For All – Accomplishments of 2018
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August 18, 2017, 01:47:44 AM
 #933



Coin Analysis: Syscoin   -   https://dcebrief.com/coin-analysis-syscoin/


Thanks for posting this article here.

Our team have all been active in the crypto industry for ~4 years, and in the case of Joe, a little more. DNotes itself is about 3.5 years old, launched in Feb 2014. In that time we have taken a vastly different approach to most other cryptocurrency projects. As a part of planning our strategic road map, we have looked into the work those around us are doing. There is a lot of talent in the cryptocurrency industry, bu many here will be aware that 95% of the projects that are launching won't ever release a viable product (like nearly any ICO). Part of keeping up with the happenings in the cryptospace has been researching what other people are doing, and this has led to us believing that building relationships with other trustworthy and competent groups in the industry will also be great for DNotes, and there is even potential that we may work with other groups that we build these relationships with in the future.

Syscoin have a long-term approach similar to DNotes - their product fills a key function, they don't create false hype, they have a company and verifiable faces behind their product, a loyal following, and competent development team. This made them great for the first coin analysis article. I will be writing more of these coin appraisals over the next few weeks while I continue to work on the DNotes 2.0 whitepaper, and I'm more than willing to give fair appraisal to worthwhile and trustworthy projects that others in this forum recommend. I don't hold any other crypto than DNotes, which basically means I have no conflict of interest anywhere I look. So feel free to send me by private message your suggestions (with reasons why)!


Great idea and analysis, Tim. Most people don't know what to look for in a cryptocurrency investment (inside and outside the industry), and for those that do, chances are they don't have the time to sort through a thousand of them. Paying attention to what has been going on the last four years with other currencies gives DNotes a distinct advantage, and I would feel very comfortable narrowing my own research, analysis, and potential investment to the handful selected by any member of the DNotes team. Thanks Tim, for all the time this will save us.  Smiley

I thought Tim did an excellent job too. Our industry can certainly benefit from such an informative and analytical article. Hope he can do a few more.
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August 18, 2017, 01:56:41 AM
 #934

Thanks for posting this article here.

Our team have all been active in the crypto industry for ~4 years, and in the case of Joe, a little more. DNotes itself is about 3.5 years old, launched in Feb 2014. In that time we have taken a vastly different approach to most other cryptocurrency projects. As a part of planning our strategic road map, we have looked into the work those around us are doing. There is a lot of talent in the cryptocurrency industry, bu many here will be aware that 95% of the projects that are launching won't ever release a viable product (like nearly any ICO). Part of keeping up with the happenings in the cryptospace has been researching what other people are doing, and this has led to us believing that building relationships with other trustworthy and competent groups in the industry will also be great for DNotes, and there is even potential that we may work with other groups that we build these relationships with in the future.

Syscoin have a long-term approach similar to DNotes - their product fills a key function, they don't create false hype, they have a company and verifiable faces behind their product, a loyal following, and competent development team. This made them great for the first coin analysis article. I will be writing more of these coin appraisals over the next few weeks while I continue to work on the DNotes 2.0 whitepaper, and I'm more than willing to give fair appraisal to worthwhile and trustworthy projects that others in this forum recommend. I don't hold any other crypto than DNotes, which basically means I have no conflict of interest anywhere I look. So feel free to send me by private message your suggestions (with reasons why)!


Good article, great series! As with DNotes, I have held Syscoin almost since the first coins appeared in the blockchain. As you say, they are very professional and honest. They don't promise things they can't deliver and the value of their projects raises almost daily. It would be interesting if DNotes and Syscoin explored ways to work together since they do compliment each other. That would be a cool relationship, a real "win/win"


Great suggestion, RJF. If we were to develop a list of potential partners we want to collaborate in special projects, Syscoin would be on our very short list. With so much going 2018 could be a great year for some partnerships.
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August 18, 2017, 04:49:04 AM
 #935

We believe that, while more burdensome, it is possible to have ICOs that are in compliance with existing regulations utilizing side-by-side Equity Crowdfunding (Reg CF) and Regulation D Offerings limited to accredited investors. Reg CF is currently limited to $1 million but serious efforts are involved to raise it to $5 million.

DNotes 2.0 blockchain will be our ideal platform in issuing new tokens for those projects DNotes Global is involved with equity participation. My book is one of the building blocks that will contribute immense value to our success. I am very committed to help small investors and small business owners. ICO is our best tool to help accomplish our missions. But it must be done the right way and in compliance with regulations. Reasonable consumer protection is important to me, but not regulations over-reach.

Well Alan, this is exactly the sort of well thought out and responsible approach that the ICO model is screaming for. Of course there will be thousands of potential ICO proposals that wouldn't make the cut, but these would be the ones I would never recommend to family and friends anyway.

I also really appreciate how you model your business around a long term future. A decade down the track when someone analyses the number of successful ICOs that supporters profited from, I'd hope to see the DNotes system at the top of that list. This would please me much more than seeing it at the top of the "Highest Number of ICOs" or "Highest Amounts Raised" lists.

Thanks also for letting us know DNotes will differentiate from Ethereum. I'm sure I'm not the only one excited about what direction DNotes 2.0 will take.

Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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August 18, 2017, 05:07:54 AM
 #936



Coin Analysis: Syscoin   -   https://dcebrief.com/coin-analysis-syscoin/


Thanks for posting this article here.
[...]
I will be writing more of these coin appraisals over the next few weeks while I continue to work on the DNotes 2.0 whitepaper, and I'm more than willing to give fair appraisal to worthwhile and trustworthy projects that others in this forum recommend. I don't hold any other crypto than DNotes, which basically means I have no conflict of interest anywhere I look. So feel free to send me by private message your suggestions (with reasons why)!


Great idea and analysis, Tim. Most people don't know what to look for in a cryptocurrency investment (inside and outside the industry), and for those that do, chances are they don't have the time to sort through a thousand of them. Paying attention to what has been going on the last four years with other currencies gives DNotes a distinct advantage, and I would feel very comfortable narrowing my own research, analysis, and potential investment to the handful selected by any member of the DNotes team. Thanks Tim, for all the time this will save us.  Smiley

I thought Tim did an excellent job too. Our industry can certainly benefit from such an informative and analytical article. Hope he can do a few more.

I had never heard of Syscoin, just like I'm sure many have never heard of DNotes. I'm already looking forward to TeeGee's next coin spotlight. The fact that he's well informed, has broader financial knowledge, and is not biased or compromised makes the review so much more valuable. And quality, impartial coin reviews are far too rare.

Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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August 18, 2017, 11:59:22 AM
 #937


Poloniex statement on ICOs and tokens:


August 17, 2017
TOKEN LISTING POLICY REMINDER

In light of the SEC’s recent Investigative Report on TheDAO, we would like to remind our users and the broader community of our policies for listing tokens on the Poloniex platform.

We respect and follow all applicable laws and regulations, including U.S. securities laws. The SEC's report discussed the application of securities laws to blockchain tokens, and we appreciate the SEC's guidance and the respect shown for our growing industry. We also now have further confirmation that our onboarding policies are well-founded, since we apply the same “Howey test” factors to each token listed on our platform.

As part of our compliance processes, we periodically assess listed tokens, and some may end up delisted as a result. In the process of undertaking this review, we may find that although a token is unlikely to be a security, it may still warrant delisting because liquidity, volume, and overall community involvement may be too minimal to warrant continued support on our platform.

We will continue to comply with U.S. securities law. We will also continue to assess new tokens that seek to trade on our platform and monitor those already listed. We will not list tokens that are securities. We will delist any tokens already on our exchange if we come to believe they are securities, whether that be by changing interpretation of the law or changes in how the tokens and underlying networks function over time.

- The Poloniex Team

https://poloniex.com/press-releases/2017.08.17-Token-Listing-Policy-Reminder/

"The true sign of intelligence is not knowledge but imagination." -Albert Einstein-

DNotes EDU – Cryptocurrency Education For All – Accomplishments of 2018
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August 18, 2017, 03:12:48 PM
 #938


Poloniex statement on ICOs and tokens:


August 17, 2017
TOKEN LISTING POLICY REMINDER

In light of the SEC’s recent Investigative Report on TheDAO, we would like to remind our users and the broader community of our policies for listing tokens on the Poloniex platform.

We respect and follow all applicable laws and regulations, including U.S. securities laws. The SEC's report discussed the application of securities laws to blockchain tokens, and we appreciate the SEC's guidance and the respect shown for our growing industry. We also now have further confirmation that our onboarding policies are well-founded, since we apply the same “Howey test” factors to each token listed on our platform.

As part of our compliance processes, we periodically assess listed tokens, and some may end up delisted as a result. In the process of undertaking this review, we may find that although a token is unlikely to be a security, it may still warrant delisting because liquidity, volume, and overall community involvement may be too minimal to warrant continued support on our platform.

We will continue to comply with U.S. securities law. We will also continue to assess new tokens that seek to trade on our platform and monitor those already listed. We will not list tokens that are securities. We will delist any tokens already on our exchange if we come to believe they are securities, whether that be by changing interpretation of the law or changes in how the tokens and underlying networks function over time.

- The Poloniex Team

https://poloniex.com/press-releases/2017.08.17-Token-Listing-Policy-Reminder/

Unfortunately, SEC’s recent Investigative Report on the DAO ICO is having a ripple effect.
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August 18, 2017, 03:15:51 PM
 #939


There is some risk that if the wrong regulatory regime gets adopted in the U.S., then the center of innovation could move to other countries. If blockchains are the next internet, that would be a very unfortunate development for the U.S.

I certainly agree with David Sacks, former Paypal COO. The following article is worth reading:

Bitcoin, Cryptocurrencies Fulfill PayPal’s Original Goal, Says Ex PayPal COO

Francisco Memoria on 18/08/2017

Bitcoin has slowly been challenging PayPal. Recently, CCN reported that bitcoin topped PayPal’s market cap after breaking $4,000 for the first time, and soaring past a $70 billion market cap. Back in 2016, PayPal announced it appointed the founder and CEO of Xapo, Wences Casares, to its board of directors.

As bitcoin surpasses PayPal, CNBC’s Eric Jackson caught up with former PayPal COO David Sacks, known in Silicon Valley as an entrepreneur and an early investor in various companies such as Facebook, SpaceX, Uber, and Airbnb.

Bitcoin is Creating “The New World Currency”
The conversation started off with a question regarding Sacks’ take on the rise of digital currencies. The entrepreneur stated that after PayPal he never thought payments would interest him again, but notably stated that bitcoin is fulfilling PayPal’s original vision. According to David Sacks, in PayPal’s early days the team believed that if enough people got involved, money would never had to leave its systems, but revealed that the vision ended when eBay acquired the company.

He stated:
“But cryptocurrencies like bitcoin are now fulfilling that original vision. They are doing it in a decentralized way (with a decentralized database called the blockchain) whereas PayPal tried to do it in a centralized way.”

Furthermore, Sacks revealed that to him, it feels like we’re witnessing the birth of a new kind of web, the decentralized web, or the internet of money. In it, blockchain technology is being used to create decentralized apps, and to fund new startups through Initial Coin Offerings (ICOs). This means the all the ingredients needed for a new wave of innovation are there, but it also “feels reminiscent” to the dot-com era, as it is revolutionary that money is being made programmable, but there is “speculative excess and random enrichment.”

Read more:
https://www.cryptocoinsnews.com/early-paypal-executive-says-cryptocurrencies-fulfill-paypals-original-goal/
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August 18, 2017, 06:48:39 PM
 #940


There is some risk that if the wrong regulatory regime gets adopted in the U.S., then the center of innovation could move to other countries. If blockchains are the next internet, that would be a very unfortunate development for the U.S.

I certainly agree with David Sacks, former Paypal COO. The following article is worth reading:

Bitcoin, Cryptocurrencies Fulfill PayPal’s Original Goal, Says Ex PayPal COO

Francisco Memoria on 18/08/2017

Bitcoin has slowly been challenging PayPal. Recently, CCN reported that bitcoin topped PayPal’s market cap after breaking $4,000 for the first time, and soaring past a $70 billion market cap. Back in 2016, PayPal announced it appointed the founder and CEO of Xapo, Wences Casares, to its board of directors.

As bitcoin surpasses PayPal, CNBC’s Eric Jackson caught up with former PayPal COO David Sacks, known in Silicon Valley as an entrepreneur and an early investor in various companies such as Facebook, SpaceX, Uber, and Airbnb.

Bitcoin is Creating “The New World Currency”
The conversation started off with a question regarding Sacks’ take on the rise of digital currencies. The entrepreneur stated that after PayPal he never thought payments would interest him again, but notably stated that bitcoin is fulfilling PayPal’s original vision. According to David Sacks, in PayPal’s early days the team believed that if enough people got involved, money would never had to leave its systems, but revealed that the vision ended when eBay acquired the company.

He stated:
“But cryptocurrencies like bitcoin are now fulfilling that original vision. They are doing it in a decentralized way (with a decentralized database called the blockchain) whereas PayPal tried to do it in a centralized way.”

Furthermore, Sacks revealed that to him, it feels like we’re witnessing the birth of a new kind of web, the decentralized web, or the internet of money. In it, blockchain technology is being used to create decentralized apps, and to fund new startups through Initial Coin Offerings (ICOs). This means the all the ingredients needed for a new wave of innovation are there, but it also “feels reminiscent” to the dot-com era, as it is revolutionary that money is being made programmable, but there is “speculative excess and random enrichment.”

Read more:
https://www.cryptocoinsnews.com/early-paypal-executive-says-cryptocurrencies-fulfill-paypals-original-goal/


David Sacks is a visionary legend in the Valley. I was jumping for joy when I read this article. It was astounding how many Valley geniuses don't really have a clue on crypto, but Sacks deeply "gets it." This was a super refreshing read when I caught it on cnbc.com the other day.

DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World - https://bitcointalk.org/index.php?topic=1924858.0
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