DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[BTCWise]

BTCWise, I think what we may want to do is highlight the DNotes logo in full center and minimize the other properties but still keep them. Possibly use smaller icons for the other properties.

Great. I will start working on the changes. I also wanted to know if I should do the same for the DNotes Twitter designs or should I leave that one as is?

[DNotes]

BTCWise, I think what we may want to do is highlight the DNotes logo in full center and minimize the other properties but still keep them. Possibly use smaller icons for the other properties.

Great. I will start working on the changes. I also wanted to know if I should do the same for the DNotes Twitter designs or should I leave that one as is?

Thanks! I would recommend changing both.

[DNotes]

You may now subscribe to the DNotes newsletter to receive DNotes updates in your email by visiting http://dnotescoin.com/ or directly from the newsletter signup page http://dnotescoin.com/newsletter-signup/

[DCEBrief]

CFTC Reportedly Examining June GDAX Flash Crash

https://dcebrief.com/cftc-reportedly-examining-june-gdax-flash-crash/

[DCEBrief]

CDC Considering Blockchain for Crisis Data Management

https://dcebrief.com/cdc-considering-blockchain-for-crisis-data-management/

I am becoming seriously concerned at the general level of ignorance surrounding blockchain, its benefits, capabilities, and shortcomings. This article clearly states what is required of its solution:

"That requires relevant agencies and health care entities to share data as quickly and efficiently as possible. During any actual outbreak of infectious disease, there is little time to waste. Unfortunately, the current data-sharing systems do not allow for the secure and speedy input and sharing of information needed to respond in the most effective and time-efficient manner possible."

I think it is well overdue for someone to create a comparison table between blockchain and other ledger and database solutions. This would illustrate that blockchain is not a good fit for handling a disease outbreak.

• Blockchain is very very slow. Writing a record to the blockchain can take more than ten minutes, and much longer if suddenly thousands of records need to be written at once.
• Blockchain requires specialised software, which in an emergency situation might take between hours and days to setup to the point of running a full node.
• Blockchain does not allow records to be deleted. It does not allow passwords to be changed, or access to be revoked. Someone from the CDC could be fired for misconduct, but because they have the private keys, all CDC health records are permanently available to this person.
• Blockchain does not handle multiple tables or manage referential relationships. It does not enable data to be procedurally updated. So if it turns out that all body temperatures entered by some region were in Fahrenheit, not Celsius, those records must remain wrong.

But this is only scratching the surface of why blockchain is a dreadful fit for the CDC. And it is bizarre that they are looking in that direction when there are so many off-the-shelf proven solutions to provide a fast, flexible, powerful, full functioning database with tiered levels of access. A MySQL database, with both desktop and mobile webpage access would be instantly usable by any authorised person in the world with no software installation or training required. 

"it is bizarre that they are looking in that direction"

Not quite as bizarre as it might sound - we're talking about a government agency, after all.

Our "bizarre" is just another Tuesday for them...

[TimMarsh]

DNotes on Google Trends

After looking at Google Trends to see how searches for bitcoin might indicate deeper social issues, I had to checkout what DNotes looked like.

Over the last five years, DNotes has done a great job of consistently being searched. The biggest spike was in the week 4th–10th June this year. This is possibly due to stories published by BITCOINIST and NEWSBTC sharing the news about plans for DNotes2.0

http://www.newsbtc.com/2017/06/06/whats-new-dnotes-2-0-upgrade-bitcointalk-forum/
http://bitcoinist.com/dnotes-prepares-introduce-2-0-upgrade/


But what I found most interesting was how much DNotes is searched by South Korea. It is the number one source and scored 100. This was true over three years, and was also true for the past seven days. To verify if this was significant, I inspected Ethereum for the last 7 days and found South Korea was the 43rd strongest source and scored 15. Bitcoin in South Korea was 51st strongest with a score of 15. Litecoin was a stronger source at 34th with a score of 28. But none of these compare to DNotes being number 1 with score of 100. And this was the same for 2015, and 2016. Before that, South Korea doesn't appear as a source.

So then I tried some of the coins listed on Coinmarketcap near DNotes. Creditbit (0,0); Bitcore (8th/22, 47); Bitcrystals (0,0); TheGCCcoin (0,0)
Of these, only Bitcore was being searched at all by South Korea, and it was not a significant source region.

So it seems clear to me that DNotes has caught the attention of South Korea. I'd be interested to know why that is. I looked at the history over the last three years of searches from South Korea and found four significant dates: April 19, May 11, and June 8 and 10 all in 2017. But I only found one Korean article on June 10. It is a short article noting a huge jump in the price of DNotes.
https://www.clien.net/service/board/cm_vcoin/10841363

https://trends.google.com/trends/explore?date=today%205-y&q=DNotes

[Dyna]

DNotes on Google Trends

After looking at Google Trends to see how searches for bitcoin might indicate deeper social issues, I had to checkout what DNotes looked like.

Over the last five years, DNotes has done a great job of consistently being searched. The biggest spike was in the week 4th–10th June this year. This is possibly due to stories published by BITCOINIST and NEWSBTC sharing the news about plans for DNotes2.0

http://www.newsbtc.com/2017/06/06/whats-new-dnotes-2-0-upgrade-bitcointalk-forum/
http://bitcoinist.com/dnotes-prepares-introduce-2-0-upgrade/


But what I found most interesting was how much DNotes is searched by South Korea. It is the number one source and scored 100. This was true over three years, and was also true for the past seven days. To verify if this was significant, I inspected Ethereum for the last 7 days and found South Korea was the 43rd strongest source and scored 15. Bitcoin in South Korea was 51st strongest with a score of 15. Litecoin was a stronger source at 34th with a score of 28. But none of these compare to DNotes being number 1 with score of 100. And this was the same for 2015, and 2016. Before that, South Korea doesn't appear as a source.

So then I tried some of the coins listed on Coinmarketcap near DNotes. Creditbit (0,0); Bitcore (8th/22, 47); Bitcrystals (0,0); TheGCCcoin (0,0)
Of these, only Bitcore was being searched at all by South Korea, and it was not a significant source region.

So it seems clear to me that DNotes has caught the attention of South Korea. I'd be interested to know why that is. I looked at the history over the last three years of searches from South Korea and found four significant dates: April 19, May 11, and June 8 and 10 all in 2017. But I only found one Korean article on June 10. It is a short article noting a huge jump in the price of DNotes.
https://www.clien.net/service/board/cm_vcoin/10841363

https://trends.google.com/trends/explore?date=today%205-y&q=DNotes

Very interesting observations. Thank you for sharing, Tim.

There is nothing definitive I know that contributed to DNotes favorable data point in Korea. However, the Korean and the Japanese digital currency markets have been growing rapidly over the last two years. I have also noticed that my LinkedIn connection requests from Korean have gone up dramatically this year.

This is a good indicator for DNotes global expansion plan. The DNotes’ brand is gaining respect and followers. With DNotes 2.0, I trust that 2018 will be an amazing year for us.

[Brandon Cheliak]

CDC Considering Blockchain for Crisis Data Management

https://dcebrief.com/cdc-considering-blockchain-for-crisis-data-management/

I am becoming seriously concerned at the general level of ignorance surrounding blockchain, its benefits, capabilities, and shortcomings. This article clearly states what is required of its solution:

"That requires relevant agencies and health care entities to share data as quickly and efficiently as possible. During any actual outbreak of infectious disease, there is little time to waste. Unfortunately, the current data-sharing systems do not allow for the secure and speedy input and sharing of information needed to respond in the most effective and time-efficient manner possible."

I think it is well overdue for someone to create a comparison table between blockchain and other ledger and database solutions. This would illustrate that blockchain is not a good fit for handling a disease outbreak.

• Blockchain is very very slow. Writing a record to the blockchain can take more than ten minutes, and much longer if suddenly thousands of records need to be written at once.
• Blockchain requires specialised software, which in an emergency situation might take between hours and days to setup to the point of running a full node.
• Blockchain does not allow records to be deleted. It does not allow passwords to be changed, or access to be revoked. Someone from the CDC could be fired for misconduct, but because they have the private keys, all CDC health records are permanently available to this person.
• Blockchain does not handle multiple tables or manage referential relationships. It does not enable data to be procedurally updated. So if it turns out that all body temperatures entered by some region were in Fahrenheit, not Celsius, those records must remain wrong.

But this is only scratching the surface of why blockchain is a dreadful fit for the CDC. And it is bizarre that they are looking in that direction when there are so many off-the-shelf proven solutions to provide a fast, flexible, powerful, full functioning database with tiered levels of access. A MySQL database, with both desktop and mobile webpage access would be instantly usable by any authorised person in the world with no software installation or training required.  

On this matter it should be noted that they are still in the conceptual stage, as is nearly everyone else who works with blockchain. In the CDC's 3 goals with blockchain (data sharing, tracking, and privacy law compliance), I think they will eventually be successful in all. But this isn't to say that there aren't better solutions in the interim until all engineering challanges are met, making blockchain more effective in database management.

The largest flaw I see with todays DBMS' is that any which have remote connections enabled are prone to attack. There has actually been ransomware floating around recently which specifically targets and locks MySQL dbs. I would take some additional latency any day of the week over the risk of a system wide lockout.

That being said, the latency in writing to a blockchain DB could easily be solved by making it a back end network (instead of imagining it as a standalone), where the data access layer periodically sends requests to collect activity logs from all front end users, and proceeds to permanently record it on the blockchain. Vaguely similar to how the bitcoin lightning network worked to alleviate some congestion on their blockchain.

[DNotes]

We should have some screenshots ready for everyone to take a gander at tonight or tomorrow, for the DNotes 2.0 front end. Bare in mind, it is not designed yet, just working on front end functionality.

[byter.sky]

You may now subscribe to the DNotes newsletter to receive DNotes updates in your email by visiting http://dnotescoin.com/ or directly from the newsletter signup page http://dnotescoin.com/newsletter-signup/

How will be swap . It will be 1:1 or you are going to change amount of dnote . What blockchain are going to use then ?

[vella85]

We should have some screenshots ready for everyone to take a gander at tonight or tomorrow, for the DNotes 2.0 front end. Bare in mind, it is not designed yet, just working on front end functionality.

Its been a while since I last checked in to see what is happening with the new DNotes 2.0, I'm happy to see that its coming along nicely and can't wait for the new version. I still have all my DNotes store in the vault waiting for when DNotes 2.0 is finished and ready to start using. Keep up the great work!

[DNotes]

You may now subscribe to the DNotes newsletter to receive DNotes updates in your email by visiting http://dnotescoin.com/ or directly from the newsletter signup page http://dnotescoin.com/newsletter-signup/

How will be swap . It will be 1:1 or you are going to change amount of dnote . What blockchain are going to use then ?

Hi byter.sky, welcome to the DNotes forum!

It will be a 1:1 swap. DNotesVault account holders will be automatically swapped for them, otherwise there will be a swapping process to send in your DNotes to exchange them for DNotes 2.0.

[DCEBrief]

Singapore's Central Bank Confirms Monitoring of Cryptocurrencies, ICOs

https://dcebrief.com/singapores-central-bank-confirms-monitoring-of-digital-currencies-icos/

[TimMarsh]

Transaction Fees and Savings Plans

I just read an article about another project to buy bitcoin with the small change left over from fiat transactions. My first thought was that it would never work because the transaction fees in bitcoin haven't been small change since May 2016. But after reading the article, I knew that they were proposing to add up the small change in the background until its value totalled $10, and then buy bitcoin with that.

https://qz.com/1095292/dust-lets-you-buy-bitcoin-with-spare-change-with-monzo/

Totalling it up to $10 and then taking out a chunk sort of defeats the purpose of squirrelling away the little bits when they aren't noticed. But the real concern here is that even in $10 chunks, bitcoin is not a good investment option. In 2017 bitcoin transaction fees averaged around $3 according to:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

So before you even start to make a profit on your investment, your $7 worth of bitcoin must increase to $10 worth of value just to make back the transaction fee. So with bitcoin currently at $4,400, the investor would have to wait for bitcoin to be worth $6,285 before they are back to where they were if they had left that change in their pocket. 

From what I could tell by looking at the DNotes blockchain, there is no fee charged with a transaction. This means that you're not taking two steps backwards when trying to take a step forwards. I'm sure the idea of putting away small change into DNotes will get even more attractive once DNotes2.0 enables the investment and staking rewards.

[Dyna]

Transaction Fees and Savings Plans

I just read an article about another project to buy bitcoin with the small change left over from fiat transactions. My first thought was that it would never work because the transaction fees in bitcoin haven't been small change since May 2016. But after reading the article, I knew that they were proposing to add up the small change in the background until its value totalled $10, and then buy bitcoin with that.

https://qz.com/1095292/dust-lets-you-buy-bitcoin-with-spare-change-with-monzo/

Totalling it up to $10 and then taking out a chunk sort of defeats the purpose of squirrelling away the little bits when they aren't noticed. But the real concern here is that even in $10 chunks, bitcoin is not a good investment option. In 2017 bitcoin transaction fees averaged around $3 according to:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

So before you even start to make a profit on your investment, your $7 worth of bitcoin must increase to $10 worth of value just to make back the transaction fee. So with bitcoin currently at $4,400, the investor would have to wait for bitcoin to be worth $6,285 before they are back to where they were if they had left that change in their pocket. 

From what I could tell by looking at the DNotes blockchain, there is no fee charged with a transaction. This means that you're not taking two steps backwards when trying to take a step forwards. I'm sure the idea of putting away small change into DNotes will get even more attractive once DNotes2.0 enables the investment and staking rewards.

Thank you, Tim, for another great observation. As you know, DNotes is a strong advocate of a disciplined savings plan starting at an early age. Insufficient savings for emergency and retirement are among the biggest challenges confronting the global population, including rich countries like USA and England.

There are billions of people around the world who do not have the money to meet their basic necessities. Many go hungry or eat whatever is available to survive. I grew up in a poor farm family and know what it means not to have 10 cents to buy a serving of stir fried Chinese noodles for school lunch – staying hungry while watching other kids ate. 

DNotes is not just another digital currency. Instead, it is built as a trusted digital currency for the masses with a purpose. Everything that we do has our stakeholders and the common people in mind – as well reflected in our ecosystems. And that is just the beginning. We will continue to invest in projects that are positively impactful and beneficial to many. One of our requirements is that, over the long term, all projects must meet DNotes Global Inc. business models of sustainable growth and profitability.

I am very appreciative of the fact that without Bitcoin there is no DNotes. However, though I believe that Bitcoin will remain successful, it is not the viable digital currency for the masses. High unit price, high transaction fees, constant in-fighting, and extremely high cost of production in terms of high energy cost in Proof of Work (POW) mining, are among the issues leading to my conclusion.

With our family of CRISPs and DNOtesVault coupled with various rewards amounting to around 8% annual returns DNotes 2.0 is our commitment to engage millions of potential digital currency savers. I believe that along with nearly zero in transaction fees our CRISP savings plans will become very popular.

[DNotes]

Transaction Fees and Savings Plans

I just read an article about another project to buy bitcoin with the small change left over from fiat transactions. My first thought was that it would never work because the transaction fees in bitcoin haven't been small change since May 2016. But after reading the article, I knew that they were proposing to add up the small change in the background until its value totalled $10, and then buy bitcoin with that.

https://qz.com/1095292/dust-lets-you-buy-bitcoin-with-spare-change-with-monzo/

Totalling it up to $10 and then taking out a chunk sort of defeats the purpose of squirrelling away the little bits when they aren't noticed. But the real concern here is that even in $10 chunks, bitcoin is not a good investment option. In 2017 bitcoin transaction fees averaged around $3 according to:
https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

So before you even start to make a profit on your investment, your $7 worth of bitcoin must increase to $10 worth of value just to make back the transaction fee. So with bitcoin currently at $4,400, the investor would have to wait for bitcoin to be worth $6,285 before they are back to where they were if they had left that change in their pocket. 

From what I could tell by looking at the DNotes blockchain, there is no fee charged with a transaction. This means that you're not taking two steps backwards when trying to take a step forwards. I'm sure the idea of putting away small change into DNotes will get even more attractive once DNotes2.0 enables the investment and staking rewards.

I don't believe there is a perfect solution yet for fees for dust mitigation and also reasonable for use in everyday transactions. However, there are many alternatives to handling transactions off chain. DNotes does have a default or recommended fee structure per KB of use, at the current price it is nominal / near zero and does not initiate a fee for every transaction. We do have plans to further minimize transaction fee burden in DNotes 2.0 to ensure it can be used for everyday use.

[Hardniola]

If there is going to be swap....on what exchange then

[byter.sky]

You may now subscribe to the DNotes newsletter to receive DNotes updates in your email by visiting http://dnotescoin.com/ or directly from the newsletter signup page http://dnotescoin.com/newsletter-signup/

How will be swap . It will be 1:1 or you are going to change amount of dnote . What blockchain are going to use then ?

Hi byter.sky, welcome to the DNotes forum!

It will be a 1:1 swap. DNotesVault account holders will be automatically swapped for them, otherwise there will be a swapping process to send in your DNotes to exchange them for DNotes 2.0.

if i have coins at exchange how should i do swap .My coins are at cryptopia . Or exchange will do it and i dont need to move them from exchange?

[Chase]

If there is going to be swap....on what exchange then

Hi Hardniola, and welcome to the DNotes forum. DNotes held at the Vault will automatically be swapped for the new 2.0 without the holder having to do anything. This streamlined conversion is a necessity as a good portion of our stakeholders don't have the tech skills required for the typical cryptocurrency swap. There will be a process announced for swapping any DNotes not held at the Vault, but as far as I know nothing has been finalized yet.

If you are worried about missing the swap details and deadline, you can sign up to receive the DNotes Newsletter:

http://dnotescoin.com/newsletter-signup/  

[Chase]

You may now subscribe to the DNotes newsletter to receive DNotes updates in your email by visiting http://dnotescoin.com/ or directly from the newsletter signup page http://dnotescoin.com/newsletter-signup/

How will be swap . It will be 1:1 or you are going to change amount of dnote . What blockchain are going to use then ?

Hi byter.sky, welcome to the DNotes forum!

It will be a 1:1 swap. DNotesVault account holders will be automatically swapped for them, otherwise there will be a swapping process to send in your DNotes to exchange them for DNotes 2.0.

if i have coins at exchange how should i do swap .My coins are at cryptopia . Or exchange will do it and i dont need to move them from exchange?

Hi byter.sky. The exact process for swapping the coins hasn't been announced yet. I would make the same suggestion to you as I did to Hardniola, and that is to sign up to receive the DNotes Newsletter so you don't miss any important swap details and deadlines.  

http://dnotescoin.com/newsletter-signup/