DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[TeeGee]

Thank you Denis and Crypto Coins Market for providing well researched and detailed information covering DNotes/DNotes 2.0 on your site. 


DNotes – General Info, Best Exchanges and Wallets - https://cryptocoinsmarket.com/dnotes/

That's a really well put together review. A thorough amount of reading and research has gone into it. Well done Dennis & Crypto Coins Market.

[TeeGee]

Thanks TimMarsh and TeeGee, appreciate your comments!

I can say, though I may have a slightly biased opinion, from working with Alan through the years and my own contributions to four pillars... I don't believe there is any self help business content available at this level of raw insight and direction, while also placing the focus on exactly what you need to know. This can have a large impact on ones business and entrepreneurial outlook of running and starting a business. This is not a college course (though that may be helpful), this is not a story just designed to sell books or a single or just a couple lessons learned (again, still helpful), this is advice from someone who has walked the walk, has the experience, and truly wants to help people be more successful in business. It is an all inclusive business framework and strategy for success.

The add-on video series dives more in depth into the individual lessons that tie into the overarching concept. I am very excited to see it completed.

**Potential future clients impressed by the message within this book and video series will be much more likely to choose DNotes as a partner to launch their business or blockchain product**

The book and accompanying video series will form a crucial component of the consulting services that DNotes will provide its clients that it works with. When existing companies and startups approach DNotes to aid them in raising venture capital or crowdfunding efforts, we will go above and beyond what is offered elsewhere in the industry. We will not only be able to assist clients with releasing their own blockchain applications on our turnkey solutions platform, but partner with them to ensure that all products launched on the DNotes blockchain are successful and provide a return for their investors. The current market only caters for producing quality products, but there are three other key pillars of business success: customers, management (you), and employees. DNotes will be able to provide the expertise to help people in every facet of their businesses to maximize their chances of success, in a way that nobody else in the industry can. This book forms a component to maximize the reach of that message, and to serve as a written guide to current and future partners. People looking to launch their business of blockchain related project who read this book and are impressed by the messages contained within it will be much more likely to choose DNotes to facilitate the process -- knowing their chances of success will be higher. To top it all off, the book is for public sale, and all proceeds will be paid to DNnotes Global, who will spend the funds to further benefit the DNotes ecosystem.

[TimMarsh]

Thanks TimMarsh and TeeGee, appreciate your comments!

I can say, though I may have a slightly biased opinion, from working with Alan through the years and my own contributions to four pillars... I don't believe there is any self help business content available at this level of raw insight and direction, while also placing the focus on exactly what you need to know. This can have a large impact on ones business and entrepreneurial outlook of running and starting a business. This is not a college course (though that may be helpful), this is not a story just designed to sell books or a single or just a couple lessons learned (again, still helpful), this is advice from someone who has walked the walk, has the experience, and truly wants to help people be more successful in business. It is an all inclusive business framework and strategy for success.

The add-on video series dives more in depth into the individual lessons that tie into the overarching concept. I am very excited to see it completed.

**Potential future clients impressed by the message within this book and video series will be much more likely to choose DNotes as a partner to launch their business or blockchain product**

The book and accompanying video series will form a crucial component of the consulting services that DNotes will provide its clients that it works with. When existing companies and startups approach DNotes to aid them in raising venture capital or crowdfunding efforts, we will go above and beyond what is offered elsewhere in the industry. We will not only be able to assist clients with releasing their own blockchain applications on our turnkey solutions platform, but partner with them to ensure that all products launched on the DNotes blockchain are successful and provide a return for their investors. The current market only caters for producing quality products, but there are three other key pillars of business success: customers, management (you), and employees. DNotes will be able to provide the expertise to help people in every facet of their businesses to maximize their chances of success, in a way that nobody else in the industry can. This book forms a component to maximize the reach of that message, and to serve as a written guide to current and future partners. People looking to launch their business of blockchain related project who read this book and are impressed by the messages contained within it will be much more likely to choose DNotes to facilitate the process -- knowing their chances of success will be higher. To top it all off, the book is for public sale, and all proceeds will be paid to DNnotes Global, who will spend the funds to further benefit the DNotes ecosystem.

You make some really good points there TeeGee. I have never been involved in venture capital or similar before. But I had always assumed that successful venture capitalists don't just hand over money at milestones. I always thought they would boost their chance of success by providing business advice as well. But just because this would be the logical thing to do, doesn't mean it happens. So I'm interested to know how far DNotes are thinking of going above and beyond the standard, and what the current VC standard behaviour really is.

I imagine that there will be another benefit of DNotes being selective about projects with potential and then providing further guidance. If projects running with DNotes assistance are typically successful and provide a good return on investment, the DNotes brand will quickly come to signify a good investment. This is always a good thing, but in the current ICO environment where there are far more options than can be diligently analysed, a trusted brand like DNotes would be very powerful. 

[TwoCorn]

Ok, I couldn't put it off anymore. I just ordered Alan's book. Looking forward to digesting it and checking out all the materials on https://fourpillarsofbusinesssuccess.com/

[Dyna]

Thanks TimMarsh and TeeGee, appreciate your comments!

I can say, though I may have a slightly biased opinion, from working with Alan through the years and my own contributions to four pillars... I don't believe there is any self help business content available at this level of raw insight and direction, while also placing the focus on exactly what you need to know. This can have a large impact on ones business and entrepreneurial outlook of running and starting a business. This is not a college course (though that may be helpful), this is not a story just designed to sell books or a single or just a couple lessons learned (again, still helpful), this is advice from someone who has walked the walk, has the experience, and truly wants to help people be more successful in business. It is an all inclusive business framework and strategy for success.

The add-on video series dives more in depth into the individual lessons that tie into the overarching concept. I am very excited to see it completed.

**Potential future clients impressed by the message within this book and video series will be much more likely to choose DNotes as a partner to launch their business or blockchain product**

The book and accompanying video series will form a crucial component of the consulting services that DNotes will provide its clients that it works with. When existing companies and startups approach DNotes to aid them in raising venture capital or crowdfunding efforts, we will go above and beyond what is offered elsewhere in the industry. We will not only be able to assist clients with releasing their own blockchain applications on our turnkey solutions platform, but partner with them to ensure that all products launched on the DNotes blockchain are successful and provide a return for their investors. The current market only caters for producing quality products, but there are three other key pillars of business success: customers, management (you), and employees. DNotes will be able to provide the expertise to help people in every facet of their businesses to maximize their chances of success, in a way that nobody else in the industry can. This book forms a component to maximize the reach of that message, and to serve as a written guide to current and future partners. People looking to launch their business of blockchain related project who read this book and are impressed by the messages contained within it will be much more likely to choose DNotes to facilitate the process -- knowing their chances of success will be higher. To top it all off, the book is for public sale, and all proceeds will be paid to DNnotes Global, who will spend the funds to further benefit the DNotes ecosystem.

You make some really good points there TeeGee. I have never been involved in venture capital or similar before. But I had always assumed that successful venture capitalists don't just hand over money at milestones. I always thought they would boost their chance of success by providing business advice as well. But just because this would be the logical thing to do, doesn't mean it happens. So I'm interested to know how far DNotes are thinking of going above and beyond the standard, and what the current VC standard behaviour really is.

I imagine that there will be another benefit of DNotes being selective about projects with potential and then providing further guidance. If projects running with DNotes assistance are typically successful and provide a good return on investment, the DNotes brand will quickly come to signify a good investment. This is always a good thing, but in the current ICO environment where there are far more options than can be diligently analysed, a trusted brand like DNotes would be very powerful. 

Thanks, Tim. Lead VCs do not just hand their money over and hope for the best. They have at least one board seat and a lot of say in key decisions. In short, their selling points are that they come with more than just money – their connections, skill-sets and mindset. And, many of them will remind you of the “Golden Rule” (He who holds the gold makes the rule). Depending on source, their average betting success is about 30%. That is an improvement over the typical 20% success ratio but not that impressive.

As a result of crowdfund, ICOs, and other alternative funding vehicles venture capitals are under great pressure to change and adapt. DNotes NextGen VC will be based on a business model that reflects the best of the old and the new model. For now, let’s say we will be conservative yet innovative and very pro-active.

We will have different levels, processes, and defined length of participation – using our innovative technologies to the best of our advantages. Some may just utilize DNotes open source technologies with limited assistance from us. Others, if qualified, may involve an array of technical and financial participation. It is also conceivable that some of these companies may eventually be acquired by DNotes Global, Inc., before our IPO, while others may be successful enough to have their own IPO.

Again, a strong DNotes trusted brand is immensely valuable for our NextGen VC.  We also believe that a unified single culture reflecting the best of a company is crucial for business success. With my book, “Improve Your Odds – The four Pillars of Business Success,” used as the entrepreneur hand-book, I believe that our success rate will be closer to 80%. That will be an amazing record.  

[Dyna]

Ok, I couldn't put it off anymore. I just ordered Alan's book. Looking forward to digesting it and checking out all the materials on https://fourpillarsofbusinesssuccess.com/

Thanks, TwoCorn. I am very happy for you. I trust that you will find it helpful and inspirational. Feel free to ask any questions.

[Dyna]

Thank you Denis and Crypto Coins Market for providing well researched and detailed information covering DNotes/DNotes 2.0 on your site. 


DNotes – General Info, Best Exchanges and Wallets - https://cryptocoinsmarket.com/dnotes/

Wow! Amazing summation of DNotes' vision - what we are doing and why. A recommended must read. Thank you very much, Denis and Crypto Coins Market.

I have mentioned on various occasions that we are involved in a Big Bold project of global scale and scope. Reading the article brought home the enormity on the size of our project and what it takes to successfully execute all the different components. But think about, how could we reasonably expect mass acceptance of digital currency on a global basis without a grand plan? In other words, DNotes has a grand plan to succeed by building a different path that is more costly and time consuming. We always believe in doing the right thing at the most opportune time the right way. This will significantly improve of chances of succeeding in a big scale.

[DNotes]

Ok, I couldn't put it off anymore. I just ordered Alan's book. Looking forward to digesting it and checking out all the materials on https://fourpillarsofbusinesssuccess.com/

Thanks, TwoCorn. I am very happy for you. I trust that you will find it helpful and inspirational. Feel free to ask any questions.

Excellent TwoCorn! I too am very happy for you. We appreciate your support and look forward to hearing your feedback.

[DNotes]

Thank you Denis and Crypto Coins Market for providing well researched and detailed information covering DNotes/DNotes 2.0 on your site. 


DNotes – General Info, Best Exchanges and Wallets - https://cryptocoinsmarket.com/dnotes/

Wow! Amazing summation of DNotes' vision - what we are doing and why. A recommended must read. Thank you very much, Denis and Crypto Coins Market.

I have mentioned on various occasions that we are involved in a Big Bold project of global scale and scope. Reading the article brought home the enormity on the size of our project and what it takes to successfully execute all the different components. But think about, how could we reasonably expect mass acceptance of digital currency on a global basis without a grand plan? In other words, DNotes has a grand plan to succeed by building a different path that is more costly and time consuming. We always believe in doing the right thing at the most opportune time the right way. This will significantly improve of chances of succeeding in a big scale.

Agreed, amazing! That must have taken a great deal of research and effort. We appreciate it and will share it among our social media.

[TeeGee]

You make some really good points there TeeGee. I have never been involved in venture capital or similar before. But I had always assumed that successful venture capitalists don't just hand over money at milestones. I always thought they would boost their chance of success by providing business advice as well. But just because this would be the logical thing to do, doesn't mean it happens. So I'm interested to know how far DNotes are thinking of going above and beyond the standard, and what the current VC standard behaviour really is.

I imagine that there will be another benefit of DNotes being selective about projects with potential and then providing further guidance. If projects running with DNotes assistance are typically successful and provide a good return on investment, the DNotes brand will quickly come to signify a good investment. This is always a good thing, but in the current ICO environment where there are far more options than can be diligently analysed, a trusted brand like DNotes would be very powerful. 

It is common for VC to help their investment projects with support in some way, normally a seat on the board and their expertise depending on the size of the company, and the stage of growth it is in.

There are several components:

Business;
Venture Capitalists or investors;
Product platform;
Capital raising platform (for ICO or even standard investment);
Consulting services;

Current iterations in the market can cater for product and capital raising agent, for say, an ICO -- however we've seen that very few ICOs are successful or credible in their claims. For the ICOs out there who do have good products, there is still little chance that they will beat the low odds of long-term business success because of other prevailing factors like management, marketing, employee satisfaction, company culture etc. There are also no platforms offering the consulting services to maximize their success -- let alone any capable of doing so. I imagine this is likely because developer and ICO platforms are more product-centric, and the fees (in dollars or crypto) from consulting probably can't yield the 10,000% returns possible by with a quick ICO pump and dump. If they were thinking longer-term, they'd see that products born on their platform that reach heightened levels of acclaim will reach much larger returns, but there is a much higher personal investment involved. This approach would align the long-term interests of the platform, investors, and business.

I wouldn't be the person making any decisions on this, but I will offer my vision of how this could look several years in the future:

TimMarsh holdings is a startup that wants to enter a highly competitive market with its own take of a popular energy application, where leftover solar power collected from off-the-grid homes can be collected and then automatically sold on a peer-to-peer market place. The barebones of the application interface have been built, and the trading credit system designed, but you need 5 million dollars to expand the idea into a working platform. You could use the DNotes platform to list an 'unverified' ICO, and go it alone, procuring your own team of expert crypto advisors from LinkedIN, or blockchain "experts" who are already onto their 4th project in 18 months, but your preferred approach is to approach DNotes Global to run a verified ICO that allows access to more choosey and wealthy investors who select on quality, or even operate one in partnership with us.

DNotes Global meet you, and if you passed all preliminary checks, we would extensively review and verify all your personal details and scrupulously research your business idea, potential market, and your competitors and see if there is a viable business case that we could help you build a business plan for that we would be willing to put forward to our list of accredited investors (this list could be those accredited by US law, or a set of investors that meet our own conditions, but we will continue as though it is the former).

The ICO for example could be split into two pools:

Pre-ICO = for accredited investors, who get first right of refusal on all ICO offerings on the platform. There are benefits to having first right of refusal: always being able to purchase before soft/hard cap on ICO is reached, with spillover eating into the standard ICO token pool; the first right to any bonus tokens; and all token offerings that include attached sale of equity would be included in this round to meet securities laws. One example would be purchasing 50k of equity in the business, and also purchasing 50k of tokens used in its economy. Another would be having "mastercoins" that are issued in the pre-ICO round that stake and produce normal coins based on coin age instead of having 'investment bonuses' for early buyers, which will encourage them to not dump their holdings instantly once they hit the exchange. Just highlighting potential solutions to obvious problems in the current market.

After the pre-ICO, DNotes could look among your investors for those who would be able to offer their expertise in areas needed by your project (in a capacity commensurate with their investment + further pay), we could factor this self-interest into decisions we make when building an advisory team of experts in various fields from business strategy, marketing, operations etc. We could also have a network of DNotes employed professionals with skills from writing business & press releases, through to legal, accounting, economics and graphic design. The more businesses that join our network, or partner with us, the wider the number of skills within the system becomes. All of this could be done for a set fee based on hours worked, or monthly retainer, but another option for select businesses of our choosing would be to officially partner with DNotes Global, where these services are provided in exchange for an agreed amount of equity in the business / tokens. Suddenly bright people with great ideas, but no team around them to make it happen have access to a powerful network of highly skilled and highly driven business professionals to make their business idea come to life, and have a much higher chance of succeeding.

Main ICO happens = Everbody not on the verified list can invest, no securities (tokens for equity) can be exchanged here, but normal tokens can. If the TimMarsh holdings wanted, they could include a small "bonus" for early investors as is the current norm (not that I'd see the point).

DNotes then helps the business to build their application and implement it on the DNotes blockchain. We would aid in verification and validation phases, and then help them to market & manage the release of their product.

The DNotes team of assembled consultants and professionals will continue to meet / keep in touch with the ICO issuer and ensure everything is running smoothly, auditing the business where need be, and our business analysts will be looking for ways to improve process efficiency and find further opportunities for growth.

Over time, DNotes builds a reputation for successful projects, this means more promising individuals would come to DNotes to achieve their future success, and also give investors more confidence that due diligence has been done, and that the businesses long-term prospects are maximised due to DNotes Global's involvement.

**Just one way it could look in the future**

[DNotes]

Looking out for more information about this on the blogs!

Welcome to the DNotes forum ohlili! Thank you for your interest in DNotes.

[MiningHabit]

Hi all, looking forward to diving in and catching up on the last few pages of the thread.

Wanted to quickly drop by and leave this link: https://soundcloud.com/epicenterbitcoin/200-ciaran-oleary-blueyard-the-disruption-of-venture-capital

We've talked a lot about intrinsic value, and I'm intrigued by the Ciaran's suggestion that, in terms of a VC looking at investing in an asset...when it's in equity, the intrinsic value is your claim to the net present value of the the equity's discounted future cash flows. If it's in a token, the intrinsic value is the transaction volume itself.

“Q: You can think of valuing a company as the net present value of the future cash flows that the startup is going to produce. But my fear is with things like Filecoin, Bitcoin, and Ethereum there is no intrinsic valuation model. So yes these represent markets, I find it hard to assign a rational value to it.”
-A: “Irrationality exists in equity markets too (look at Tesla...clearly we are riding ahead of any reasonable discounted cash flow model)”
-A: “I think that what’s happening now is that this is all getting diluted by the storage of value aspect that is going on and is really, really hard to quantify. And so we just say hey this is valuable and we can transact in it. But there is a way to say, well look, what problem is this addressing, how important is this problem? Is this a 50 billion problem or a 500 million problem? And then the difference is, if you own tokens, instead of looking at the discounted cash flow, you are looking at the market transaction volume, essentially. And then potentially the additional value that the token creates. And so I do think there is something to be said for at least trying an analytical approach.”

[DNotes]

https://dcebrief.com/what-does-chinas-crypto-future-look-like-post-ico-ban/

[tu0666047zish]

And proportional distribution absolutely fair for all.

[TimMarsh]

You make some really good points there TeeGee. I have never been involved in venture capital or similar before. But I had always assumed that successful venture capitalists don't just hand over money at milestones. I always thought they would boost their chance of success by providing business advice as well. But just because this would be the logical thing to do, doesn't mean it happens. So I'm interested to know how far DNotes are thinking of going above and beyond the standard, and what the current VC standard behaviour really is.

I imagine that there will be another benefit of DNotes being selective about projects with potential and then providing further guidance. If projects running with DNotes assistance are typically successful and provide a good return on investment, the DNotes brand will quickly come to signify a good investment. This is always a good thing, but in the current ICO environment where there are far more options than can be diligently analysed, a trusted brand like DNotes would be very powerful. 

It is common for VC to help their investment projects with support in some way, normally a seat on the board and their expertise depending on the size of the company, and the stage of growth it is in.

There are several components:

Business;
Venture Capitalists or investors;
Product platform;
Capital raising platform (for ICO or even standard investment);
Consulting services;

Current iterations in the market can cater for product and capital raising agent, for say, an ICO -- however we've seen that very few ICOs are successful or credible in their claims. For the ICOs out there who do have good products, there is still little chance that they will beat the low odds of long-term business success because of other prevailing factors like management, marketing, employee satisfaction, company culture etc. There are also no platforms offering the consulting services to maximize their success -- let alone any capable of doing so. I imagine this is likely because developer and ICO platforms are more product-centric, and the fees (in dollars or crypto) from consulting probably can't yield the 10,000% returns possible by with a quick ICO pump and dump. If they were thinking longer-term, they'd see that products born on their platform that reach heightened levels of acclaim will reach much larger returns, but there is a much higher personal investment involved. This approach would align the long-term interests of the platform, investors, and business.

I wouldn't be the person making any decisions on this, but I will offer my vision of how this could look several years in the future:

TimMarsh holdings is a startup that wants to enter a highly competitive market with its own take of a popular energy application, where leftover solar power collected from off-the-grid homes can be collected and then automatically sold on a peer-to-peer market place. The barebones of the application interface have been built, and the trading credit system designed, but you need 5 million dollars to expand the idea into a working platform. You could use the DNotes platform to list an 'unverified' ICO, and go it alone, procuring your own team of expert crypto advisors from LinkedIN, or blockchain "experts" who are already onto their 4th project in 18 months, but your preferred approach is to approach DNotes Global to run a verified ICO that allows access to more choosey and wealthy investors who select on quality, or even operate one in partnership with us.

DNotes Global meet you, and if you passed all preliminary checks, we would extensively review and verify all your personal details and scrupulously research your business idea, potential market, and your competitors and see if there is a viable business case that we could help you build a business plan for that we would be willing to put forward to our list of accredited investors (this list could be those accredited by US law, or a set of investors that meet our own conditions, but we will continue as though it is the former).

The ICO for example could be split into two pools:

Pre-ICO = for accredited investors, who get first right of refusal on all ICO offerings on the platform. There are benefits to having first right of refusal: always being able to purchase before soft/hard cap on ICO is reached, with spillover eating into the standard ICO token pool; the first right to any bonus tokens; and all token offerings that include attached sale of equity would be included in this round to meet securities laws. One example would be purchasing 50k of equity in the business, and also purchasing 50k of tokens used in its economy. Another would be having "mastercoins" that are issued in the pre-ICO round that stake and produce normal coins based on coin age instead of having 'investment bonuses' for early buyers, which will encourage them to not dump their holdings instantly once they hit the exchange. Just highlighting potential solutions to obvious problems in the current market.

After the pre-ICO, DNotes could look among your investors for those who would be able to offer their expertise in areas needed by your project (in a capacity commensurate with their investment + further pay), we could factor this self-interest into decisions we make when building an advisory team of experts in various fields from business strategy, marketing, operations etc. We could also have a network of DNotes employed professionals with skills from writing business & press releases, through to legal, accounting, economics and graphic design. The more businesses that join our network, or partner with us, the wider the number of skills within the system becomes. All of this could be done for a set fee based on hours worked, or monthly retainer, but another option for select businesses of our choosing would be to officially partner with DNotes Global, where these services are provided in exchange for an agreed amount of equity in the business / tokens. Suddenly bright people with great ideas, but no team around them to make it happen have access to a powerful network of highly skilled and highly driven business professionals to make their business idea come to life, and have a much higher chance of succeeding.

Main ICO happens = Everbody not on the verified list can invest, no securities (tokens for equity) can be exchanged here, but normal tokens can. If the TimMarsh holdings wanted, they could include a small "bonus" for early investors as is the current norm (not that I'd see the point).

DNotes then helps the business to build their application and implement it on the DNotes blockchain. We would aid in verification and validation phases, and then help them to market & manage the release of their product.

The DNotes team of assembled consultants and professionals will continue to meet / keep in touch with the ICO issuer and ensure everything is running smoothly, auditing the business where need be, and our business analysts will be looking for ways to improve process efficiency and find further opportunities for growth.

Over time, DNotes builds a reputation for successful projects, this means more promising individuals would come to DNotes to achieve their future success, and also give investors more confidence that due diligence has been done, and that the businesses long-term prospects are maximised due to DNotes Global's involvement.

**Just one way it could look in the future**

Thanks for your comprehensive response TeeGee. I have never been as excited about the future of DNotes as I am right now, as a result of your conjecture. I know it is just your perspective, but because it makes such sense, and because DNotes take care to make sensible decisions, I can't see you being too far from the mark.

My mind has been brim full of ideas since before I was old enough to express them. By eighteen years of age, I had formulated a plan to attract and incubate ideas into successful businesses. This was long before I had ever heard of venture capitalists—around 1987. Ever since then, I have had this concept lurking and developing in my idle thoughts. Then for a large part of my career, I worked designing business systems as a consultant. So you may have some sense of the excitement I feel at the idea of this being done properly.

And of course I'd like to add to it. I see great value in recognising the most suitable and best value tools for running a business with. For example, such a kit might include Slack, BaseCamp, GitLab, Trello, IFTT, Zapier, Automation Anywhere, Bizagi, and much more. It might also include more rudimentary tools like a full-stack setup that combines all business data in MySQL, sitting on a server setup, with a front end running through Joomla, or Drupal, or Wordpress and so on. Once the ultimate kit has been selected and tested, the interactions between these tools could be shared as they are developed. It is surprising how many of the core requirements of running a business efficiently are exactly the same regardless of which industry they serve.

So imagine the incredible amount of work that would not need to be duplicated for each business if they could install "The Ultimate Business Kit" on a suitable server of their choice, and then with some basic configuration, are able to scan in invoices, have them auto recognised and added to their accounting system, automatically get processed according to conditions to sit in an approval stack. At a single click they are paid, remittances are sent, cost projections updated, stock levels updated, go-ahead requests sent for processes waiting on the stock, and everything else. Then as a new component is added, e.g. employing a new staff member, all of this functionality can be rolled out to existing kits and be available in new ones. Business success is largely dependent on efficiency and effectiveness. Providing a kit like this would give businesses an incredible advantage. Many businesses running the same system would also have the advantage of bench-marking off each other to flag situations going out of control.

Another area where I see DNotes using blockchain to simplify and automate their system, is in consultant payment. If consultants can see tasks, agree with how outcomes are to be verified and the remuneration being offered, accept the task, complete it, have their outcome verified, and get paid, all through a distributed autonomous system, the overheads of managing and scaling such a huge operation would be vastly simplified. And clients would have a higher level of satisfaction because all completed tasks are verified before payment. Coding all of this into a blockchain, whether it is a functionality offered by DNotes2.0 or if some other cryptocurrency is used, would mean that detecting and paying out on verified completion could be automated. And the transaction history immutable.

I really would like to see DNotes develop and roll out such a comprehensive system and I think it would do a great deal to improve the odds of any business' success.

[DCEBrief]

Former US Regulator: Crypto Enthusiasts Should Take Lead on Regulation

https://dcebrief.com/former-us-regulator-crypto-industry-should-take-lead-on-regulation/

[DNotes]

Former US Regulator: Crypto Enthusiasts Should Take Lead on Regulation

https://dcebrief.com/former-us-regulator-crypto-industry-should-take-lead-on-regulation/

There are some good points here. I believe our industry should be promoting fair and reasonable regulation that does not inhibit the technology. It's easy to get confused when people talk about "regulating digital currency", I don't believe there is such a thing as regulating a decentralized digital currency itself, but the services provided that allow you to use them is where you need to focus.


In an opinion piece published by CNBC today, former CFTC commissioner Bart Chilton suggests that digital currency enthusiasts need to be more active in seeking regulation for their industry if they want Bitcoin to have the “bright” future that many of them envision. In the op-ed, Chilton says that there are two main reasons for the currency’s recurring problems in recent years.

His first observation is that “digital currencies like Bitcoin aren’t like stocks.” As Chilton notes, most of these cryptocurrencies have no company assets that give them intrinsic value. As a result, their value is determined solely by what buyers are willing to pay to take ownership of them.

The second reason is that they are “largely unregulated by governments. They lack the type of AML and KYC protections that banks are required to provide, and offer few customer safeguards to protect against exchange failure. On the regulatory front, there is no effective surveillance of trading, no authorized investigators, and no punitive legislation to ensure that “bad actors” are deterred from criminal activities. According to Chilton, “This all makes digital currencies exceedingly susceptible to fraud and manipulation. It's an open range for abuse.”

To remedy those apparent weaknesses, he suggests that digital currency enthusiasts shouldn’t wait for regulations to be imposed upon the industry. Instead, they should invite “appropriate regulatory oversight” and take the lead on its development.

That is likely sound advice, and it comes from a man who has spoken highly of digital currency and the blockchain in the recent past. In 2016, Chilton called for then-President Barack Obama to embrace Bitcoin and its technology to ensure that the US shared in its potential economic benefits. Moreover, Chilton seems to recognize that digitization of money is inevitable. The question is how quickly it occurs, and what form it ultimately takes.

[Dyna]

Former US Regulator: Crypto Enthusiasts Should Take Lead on Regulation

https://dcebrief.com/former-us-regulator-crypto-industry-should-take-lead-on-regulation/

There are some good points here. I believe our industry should be promoting fair and reasonable regulation that does not inhibit the technology. It's easy to get confused when people talk about "regulating digital currency", I don't believe there is such a thing as regulating a decentralized digital currency itself, but the services provided that allow you to use them is where you need to focus.


In an opinion piece published by CNBC today, former CFTC commissioner Bart Chilton suggests that digital currency enthusiasts need to be more active in seeking regulation for their industry if they want Bitcoin to have the “bright” future that many of them envision. In the op-ed, Chilton says that there are two main reasons for the currency’s recurring problems in recent years.

His first observation is that “digital currencies like Bitcoin aren’t like stocks.” As Chilton notes, most of these cryptocurrencies have no company assets that give them intrinsic value. As a result, their value is determined solely by what buyers are willing to pay to take ownership of them.

The second reason is that they are “largely unregulated by governments. They lack the type of AML and KYC protections that banks are required to provide, and offer few customer safeguards to protect against exchange failure. On the regulatory front, there is no effective surveillance of trading, no authorized investigators, and no punitive legislation to ensure that “bad actors” are deterred from criminal activities. According to Chilton, “This all makes digital currencies exceedingly susceptible to fraud and manipulation. It's an open range for abuse.”

To remedy those apparent weaknesses, he suggests that digital currency enthusiasts shouldn’t wait for regulations to be imposed upon the industry. Instead, they should invite “appropriate regulatory oversight” and take the lead on its development.

That is likely sound advice, and it comes from a man who has spoken highly of digital currency and the blockchain in the recent past. In 2016, Chilton called for then-President Barack Obama to embrace Bitcoin and its technology to ensure that the US shared in its potential economic benefits. Moreover, Chilton seems to recognize that digitization of money is inevitable. The question is how quickly it occurs, and what form it ultimately takes.

Great comments. We firmly believe that reasonable regulations that are not burdensome or stifle innovation are essential for digital currencies to gain mass acceptance. 

[Dyna]

Hi all, looking forward to diving in and catching up on the last few pages of the thread.

Wanted to quickly drop by and leave this link: https://soundcloud.com/epicenterbitcoin/200-ciaran-oleary-blueyard-the-disruption-of-venture-capital

We've talked a lot about intrinsic value, and I'm intrigued by the Ciaran's suggestion that, in terms of a VC looking at investing in an asset...when it's in equity, the intrinsic value is your claim to the net present value of the the equity's discounted future cash flows. If it's in a token, the intrinsic value is the transaction volume itself.

“Q: You can think of valuing a company as the net present value of the future cash flows that the startup is going to produce. But my fear is with things like Filecoin, Bitcoin, and Ethereum there is no intrinsic valuation model. So yes these represent markets, I find it hard to assign a rational value to it.”
-A: “Irrationality exists in equity markets too (look at Tesla...clearly we are riding ahead of any reasonable discounted cash flow model)”
-A: “I think that what’s happening now is that this is all getting diluted by the storage of value aspect that is going on and is really, really hard to quantify. And so we just say hey this is valuable and we can transact in it. But there is a way to say, well look, what problem is this addressing, how important is this problem? Is this a 50 billion problem or a 500 million problem? And then the difference is, if you own tokens, instead of looking at the discounted cash flow, you are looking at the market transaction volume, essentially. And then potentially the additional value that the token creates. And so I do think there is something to be said for at least trying an analytical approach.”

Great to see you, MiningHabit. That was an interesting interview. The Venture Capital (VC) industry is changing rapidly. They must adapt to changing realities or be at risk of vanishing altogether. I believe that there is plenty of money to fund the right business models.

There are no valuation models for our industry, at the moment. It is still at its infancy - experimental and unsettled. However, we do know that decentralized systems are leaderless and not controlled by a single individual or groups of individuals. As such, it lacks self-interest to promote and protect the coin in a long-term sustained way. Ownership is "at will" and can change over-night. There is little incentive to build and accumulate "intrinsic value".

At DNotes, we strongly believe that in order to gain global mass acceptance, something has to change. There must be the means to bridge the gap between the decentralized world with the centralized one. Hence, we created DNotes Global, Inc. Its mission is to bridge that gap, and protect and promote DNotes while creating intrinsic value. Perhaps in a few years, after things are more settled, we can create a viable valuation model for our industry. For now, enjoy the thrills of speculations and unpredictable values. Just be careful and not bet more than you can afford in the event of a total loss.

[TeeGee]

Thanks MiningHabit! Now I know what I'm going to listen to as I go to sleep tonight. Working out the 'enterprise value' of an economic system is entirely different to working out the enterprise value of a business. While a business could be worth very little, many ICOs are worth in the tens of millions even though their business proposition is likely to have minimal impact. Essentially there are a hell of a lot of 'vouchers' to redeem at very small businesses out there. It's like a new launderette opening in your area, and everybody in the area buys 5 million dollars worth of vouchers before it even opens.