SCeeYong
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October 16, 2017, 01:56:01 AM |
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"...the 13 percent tax will also be assessed on any value increase users enjoy as a result of that exchange. If, for example, the price of the CryptoRuble rises above the ruble, the difference in value will be taxed." What a scary scenario this is! Does this mean they are letting a free and open market decide the price (certainly can't use the word value here  ) of the CryptoRuble? If the price doesn't go the way they want it to, what's to stop them from issuing more CryptoRubles, or dumping some of their massive holdings on unsuspecting buyers? I doubt the citizens will even understand what they are getting - a government controlled manipulatable digital fiat (for lack of a better description). If they are issuing CryptoRubles in addition to traditional Rubles, what does that mean for their money supply? In my opinion it could be a recipe for disaster. Without coinciding economic growth, more dollars chasing the same amount of goods does nothing to increase the prosperity of a nation, in fact it has left many nations in ruin. Their plan is innovative, but has some major flaws which could severely hurt the rubles value in terms of purchasing power. Imagine there were 1,000,000,000 rubles, and you introduced 1,000,000 crytpo rubles into the equation, first traded at a 1:1 rate. Well let's say only 10,000 of those crypto rubles end up on the open market because people are holding, expecting that the value will increase. After some time passes, other people are now feverishly trying to get their hands on crypto rubles, especially after they hear about how people who invested in them are much better off. This high demand and restricted supply could drive the price up sky high. I'm not here to debate the price ceiling, but let's see what impact a crypto ruble valued at 1,000 rubles would have on the purchasing power of their currency... Granted production stayed the same, and your initial monetary base was 1 billion rubles, by adding another 1 billion rubles in money, you have effectively debased the money supply by 50%. The same could be said for any cryptocurrency adding too much money to the world's total supply at any given time; it could cause rapid currency debasement, and needs to be done with surgical precision. If the Mainland Chinese government was to create a cryto Renminbi, the same would happen to their fiat Renminbi |
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TimMarsh
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Professional cryptocurrency writer incl DNotes.
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October 16, 2017, 04:13:08 AM |
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I prefer design 2 for Twitter. I like the extra ring elements there. But for Design 2 on Facebook these ring elements are crowding and demphasising the logo, so it doesn't work for me. I feel like I would like it much more if there was more space around the logo even though I understand that would mean losing a lot of the recognisable elements as the outer ring got bigger. I also prefer the extra rotation you've given the outer ring on the Design 2 for Twitter. That rotation stops the eye running diagonally up to the right along the diagonal that the gaps make. But more than this I prefer brand consistency. So I'd prefer both design 1 or both design 2 over a combination. And the crowding is enough of a deal breaker for me to prefer Designs 1 as a pair. |
Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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TimMarsh
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October 16, 2017, 05:07:22 AM |
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The problem with thinking the world will never change and/or that your piece of the $$ pie is forever protected by the government: 9 Life-Changing Inventions the Experts Said Would Never Work1. The Electric Lightbulb"Everyone acquainted with the subject will recognize it as a conspicuous failure." Henry Morton, president of the Stevens Institute of Technology, on Edison’s light bulb, 1880. 2. The A/C"Fooling around with alternating current is just a waste of time. Nobody will use it, ever." Thomas Edison, 1889. 3. The Personal Computer"We have reached the limits of what is possible with computers." John Von Neumann, 1949 4. The Microchip"But what… is it good for?" An engineer at the Advanced Computing Systems Division of IBM, commenting on the microchip in 1968. 5. Data Transmission"Transmission of documents via telephone wires is possible in principle, but the apparatus required is so expensive that it will never become a practical proposition." Dennis Gabor, Hungarian-British physicist, 1962. 6. Online Shopping"Remote shopping, while entirely feasible, will flop – because women like to get out of the house, like to handle merchandise, like to be able to change their minds." TIME, 1966. 7. The Automobile"The ordinary “horseless carriage” is at present a luxury for the wealthy; and although its price will probably fall in the future, it will never, of course, come into as common use as the bicycle." Literary Digest, 1899. 8. The Television"While theoretically and technically television may be feasible, commercially and financially it is an impossibility, a development of which we need waste little time dreaming." Lee DeForest, American radio pioneer and inventor of the vacuum tube,1926. 9. Possibility"Everything that can be invented has been invented." Supposedly said by Charles H. Duell, Commissioner, U.S. Office of Patents, 1899 – except he probably didn’t. So the last word goes to actor and humorist Peter Ustinov: "If the world should blow itself up, the last audible voice would be that of an expert saying it can’t be done." http://ecosalon.com/9_life_changing_inventions_the_experts_said_would_never_work/Excellent find, Chase. Thank you very much. Our mindset can do wonders for us or lead us down the wrong path - to be totally dismissive no matter how obvious the case. Jamie Dimon may be a great banker but he has been so dismissive about Bitcoin and digital currency he is fooling himself. He might be his own best salesman and convinced himself that Bitcoin is "fraud" and that the government would destroy it if it becomes success. I find that argument appalling. I have been intimately involved in the evolution of portable computers. The evolution was fast and furious. Our ideas were always ahead of computing power, battery technology, wireless communication, bandwidth, material science and much more. We were always working on the next best thing. Yet, the industry has taken over twenty years to where we are today. No matter what we wish our industry may take another decade or two to reach mass acceptance. DNotes is very well positioned to ramp up rapidly but totally patience and disciplined to do the right thing at the right time. From my prospective 2018 will mark the beginning of rapid expansion and exposure for us. After four years of relentless commitment to build a trusted brand with the most essential ecosystems it will finally be our turn to share the spot light. DNotes 2.0 will help us lead the way. I always enjoy these lists, even though I know that there are enough opinions about new technology made every day to enable cherry picking the best from history an easy task. For example, in item 5. Data Transmission Dennis Gabor made his foolish statement in 1962. This was 116 years after the first successful fax transmission, and 14 years after Western Union started putting fax machines on desktops around the country with their Deskfax model. https://en.wikipedia.org/wiki/FaxAs for 7. The Automobile, I'm standing with the Literary Digest on this one. Sure, during 1950–1970 cars gave bikes a run for their money. But since then bikes have sped away from them and currently out sell cars at 10:4 and are increasing that gap. http://www.worldometers.info/bicycles/Alan, the value of your experience and the depth of perspective that it gives you can't be overestimated. You've seen a lot of impossible things come to pass and nay-sayers frequently proven short-sighted. What impresses me is that you still have a strong sense of what is and isn't possible, and show you are very aware that timing is crucial. Things that seemed impossible or unfeasible, often become successful when their time is right. I think the valuable lesson we can take from lists of this type is to identify and understand the types of blocks people have when it comes to imagining the future. Many of the things listed could not have come about without significant social disruption, and disruption to the standard industry. The electric light is hard to imagine being successful because it requires a vast network of electricity distribution cables. And nobody is going to pay for that just for the convenience of light. But that is what disruption is all about. No single body would pay for that infrastructure, but when critical mass is achieved, many people contributing make the required contribution feasible. This is similar with the fax machine. If only two other businesses in your country own fax machines, and you never deal with them, it makes no sense to buy one. But when every other business owns them, sends orders and invoices through them, you have passed the point of critical mass and it makes no sense not to have one. So by looking at the relationship between disruption and critical mass, a lot of the nay-sayers' predictions, and the subsequent successes of these ideas, make a lot of sense. So now I turn around and look at Jamie Dimon, who for the record I don't believe is a fool, but illegally using his influence to impact a sensitive market for personal profit, but that is my uninformed opinion. His opinion on bitcoin is short-sighted because he doesn't recognise the disruptive potential, and fails to see or believe that there is a point of critical mass for bitcoin. If he stood back and did the mathematics on what the critical mass, or popular adoption rate, of bitcoin would be, and then how this level of adoption would stabilise the currency, he'd see how foolish he was being. |
Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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TimMarsh
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October 16, 2017, 06:54:38 AM |
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New additions to the Four Pillars membership site The videos will be available to watch via the links below for a short period of time, after that they will only be accessible from the membership site. Chapter 4 – Leadership and
Management I just watched and enjoyed the Management instalment of this series. It is a well structured video and makes a lot of sense. As a business improvement consultant to many different companies, I discovered that the successful ones that were really going somewhere all had something in common. They had two managers, or people who shared the top two positions in the company. One was always outward facing, charismatic and visionary. That one was the dreamer who proposed amazing things, and inspired the staff who admired and followed. The other one was organised. This one had a systematic and rational approach to business, a natural planner, and willing to make the hard decisions. I was one of the very few that admired or was inspired by the people in this role. This person often had to throw a bucket of cold water over the other manager's dreams and visions, pulling them apart into feasible and impractical. They would have terrible fights and often found it hard to find common ground, but these pairs would always seem to realise that they depended heavily on the other. So I agree with Alan that a successful business needs both. But I also understand that both sets of characteristics don't work well in the same room together, and it is very rare indeed to see them both work well in the one head together. But I have seen it a couple of times. These people who manage both personalities, don't run them both at the same time. They can sit around a cup of coffee talking visions, and whip their listeners into a frenzy of enthusiasm. Then they can lock themselves hermit like in their office, and plan it all out, review progress, tweak processes, and write out training plans for a new operation. My experience of these unique individuals is that they have strong and unpredictable mood swings as well. So my advice would be that if you are one of these two personality types, and can afford to hire your own counterpart, that is the best way to go. If you are not, Alan gives some good advice on developing the missing skills, but even so, I would consider it temporary until you can hire that skill set. In this situation you are lucky if you're the inspired dreamer, they are much harder to find, and almost impossible to harness into a project that is not theirs. You are much better off if you find that you are the natural leader with vision, and can hire the manager. But when doing so, don't look for someone with traits like you, or even someone you like. Find someone with a history of achieving managerial success.If you're the natural manager and do need to hire the brilliant and charismatic visionary, take great care. Don't fall for the glamour and confidence to the point where you hand over control. Always take a moment after being swept away by their grand plans, to check through what is possible, what is necessary now, and how practical these directions might really be. Never forget that dreams are crucial, but it still takes hard work to turn them into reality. I always enjoy reading your comments Tim. I enjoyed a quote I've read before: "Management is doing things right; leadership is doing the right things." I think it encapsulates a lot of what you have just described. I really enjoy the odd bit of pop-psychology. And what you've written above aligns quite closely with both that quote, and my views on management and leadership. My personality type (ENTP -- "The Visionary") throws me right into one of those categories that you described, which I hear is very common among entrepreneurs -- we really enjoy overturning old truisms, and finding new opportunities. This often means I have lots of thoughts and solutions coming through my head all the time, and often I feel it is lack of special knowledge that prevents me from being able to categorise them as "feasible" or "why did you think that?". Every third time is a charm. This became more apparent from my time in the USA, when Brandon and I went to get in on some of that "PhD in business" action Alan has been distributing over the years. As a general thing, I had not encountered many well-versed blockchain engineers or business experts, but in the USA I had people who knew more about both than me in Joe and Alan. This meant they both got to listen to an earful of ever-insta-mined ideas, where I'd listen to the feedback, and then try to reformulate the idea to be workable through every objection, or until the reformed idea was no longer practical. Often these objections are not initially accounted for as a result of not having special knowledge of the particular area I'm creating ideas for. I may have read a lot of literature and technical whitepapers, but I'm not a competent coder that can claim they've already "done it". Bouncing ideas back and forth is a crucial part of any peer-review process, and it is only made possible by having people around you with different expertise or thinking than you. I learned a lot more practical and crucial lessons about business in 3 months by observing and listening to Alan than I did in in my Information Systems major -- where I chose to follow the business analysis and management specialisation, rather than the more programming-heavy IT solutions option (I wouldn't have been a great coder anyway). There is something to be said about practical versus theoretical knowledge. Having received the teaching of both, I am confident that the lessons taken from observing things in action are wildly different to those taught in schools. Another observation I had was the benefits of a small team - which invariably means you need to form a team with a broad skillset shared between few members, and sometimes outsourcing where absolutely necessary. The larger the team size, the more lines of communication need to exist between its members, and the more bureaucratic it can become. It is my view that informally structured teams may communicate better than more hierarchically structured ones, and team size makes the former much more difficult. If x is the number of members in a team, each new addition to the team creates x-1 new lines of communication (adding a 10th member adds 9 new potential lines of direct communication). I have observed this having worked in in large organisations, where owners and directors go through multiple lines of lower management tiers to communicate a simple message or feedback, when they could just walk 30 seconds. Then there are smaller and more agile teams like ours where there are much fewer lines of communication required, and it is much easier to keep people in the loop, and on the same page. Inevitably with growth, organisations may need to consider more hierarchical structures. I've got a growing feeling that you, TeeGee, and I are rather similar. Probably so similar that we wouldn't work well as a management pair, as we'd both need someone who enjoys and excels at the day to day implementation. I was a little envious of the great things going on when you all had the opportunity to get together, and after hearing more about it now, am certain I would have benefited tremendously from such an event. I've had very little in the way of formal education compared to the roles I've enjoyed. But while in these roles, and particularly when trying to hire a replacement when I'd decided to move on, I found those with purely academic knowledge weren't suitable. They typically had a solid grasp of the terminology, and many knew by heart the theories, but applying them is a skill that is learned in life. I think formal education has a very important role to play, but I feel like, because it is much easier to quantify and evaluate, it is given an unacceptable level of preference over life experience. As for small groups, v.s. large ones. I think that the communication structures and protocols that form organically work really well there. As you grow, these structures become less and less effective. They must be replaced by well planned structures and continually monitored protocols. If done well, and the right tools are applied, communication can remain fast and effective while the larger group benefits exponentially from its combined power. Unfortunately, achieving and sustaining this is rare, so it makes small groups seem like a better option. In one workplace, I introduced "Sticky Notes" desktop app. It immediately improved how functional they were and solved lots of issues. I was pleased, but found this odd, because the app did little more than email which everyone was already using. But working is working and I learnt something new. |
Cryptocurrencies will level the playing field. I'm paid to write, but not paid to promote.
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TeeGee
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October 16, 2017, 11:15:23 AM |
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I've got a growing feeling that you, TeeGee, and I are rather similar. Probably so similar that we wouldn't work well as a management pair, as we'd both need someone who enjoys and excels at the day to day implementation. I was a little envious of the great things going on when you all had the opportunity to get together, and after hearing more about it now, am certain I would have benefited tremendously from such an event. I've had very little in the way of formal education compared to the roles I've enjoyed. But while in these roles, and particularly when trying to hire a replacement when I'd decided to move on, I found those with purely academic knowledge weren't suitable. They typically had a solid grasp of the terminology, and many knew by heart the theories, but applying them is a skill that is learned in life. I think formal education has a very important role to play, but I feel like, because it is much easier to quantify and evaluate, it is given an unacceptable level of preference over life experience.
As for small groups, v.s. large ones. I think that the communication structures and protocols that form organically work really well there. As you grow, these structures become less and less effective. They must be replaced by well planned structures and continually monitored protocols. If done well, and the right tools are applied, communication can remain fast and effective while the larger group benefits exponentially from its combined power. Unfortunately, achieving and sustaining this is rare, so it makes small groups seem like a better option. In one workplace, I introduced "Sticky Notes" desktop app. It immediately improved how functional they were and solved lots of issues. I was pleased, but found this odd, because the app did little more than email which everyone was already using. But working is working and I learnt something new.
I was also beginning to get a feeling that we may share more than a name in common. And I think you are likely correct that one must partner with people who excel in places where they do not. You want the maximally broadened skill base you can achieve with the fewest number of people possible. You'll have to come and meet us when we have our first DNotes conference, or come visit me in Wellington, New Zealand some time. The academic thing is not lost on me. I always kind of wondered when I'd encounter new ideas at the lectures themselves, but it never really came, as opposed to some facts here and there. What I did get out of university however, was reading many papers that I would not have otherwise read. And read a wide variety of course material at my own leisure when writing essays. I always had to choose very esoteric topics of personal interest to me, and the material was always heavily against the grain of the received wisdom taught in class -- which meant the research needed to be much more thorough. I was always of the view that people could learn all the information they wanted at university, but it wouldn't necessarily help them think better. I learned during my chef career that I would take experience over qualified any day of the week. I think university is an expensive way to communicate approximate competence, if you aren't sure how to go about starting your own business / not a risk taker. The real problem these days is that the governments want to help everybody get a tertiary education, which depletes the point in the 'elites' getting degrees in the first place (to signal competence to potential employers). It then means that elites need to spend additional time getting masters degrees to signal they are more competent than those less able, which means an additional 2 years of lost income, and fees paid to the academic institutions. And now everybody is graduating with ~50k of student debt that they are going to struggle to pay off. |
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BTCWise
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October 16, 2017, 11:44:11 AM |
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Hi BTCWise, I'll shoot a short answer here explaining the process.
One of the biggest changes in DNotes 2.0 is the reward structure. Moving from PoW where miners are paid from the blockchain directly for securing the blockchain by utilizing processing power to solve computational problems, to PoS where you utilize your coins to secure the blockchain and paid directly from the blockchain.
Another change to reward structure is the addition of blockchain based CRISP distribution. By simply saving your coins in a wallet, you will receive interest, .1666% monthly (2% annual), as well as 4% annually.
As Tim was suggesting, these two changes will make it more attractive to save your DNotes. First by removing the need for miners that have to invest in hardware and electricity to support the network causing burden on the market, and second by rewarding those who save their DNotes.
Hi DNotes, thank you for your quick response. PoS sounds amazing. Mining has become really expensive and a privilege to those with the hardware and affordable electricity. I think this is a good direction for DNotes. Hopefully it will encourage more people to start investing into DNotes. More investors means higher prices  Questions- Will our DNotes be locked in like the retirement account or can we withdraw at anytime?
- I'm sure the interest in compounding interest right?
- I also saw a tab called 'exchange' in the screenshots for the new wallet. Will users be able to exchage their DNotes for other coins directly from their wallet?
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TeeGee
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October 16, 2017, 12:04:21 PM |
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Hi BTCWise, I'll shoot a short answer here explaining the process.
One of the biggest changes in DNotes 2.0 is the reward structure. Moving from PoW where miners are paid from the blockchain directly for securing the blockchain by utilizing processing power to solve computational problems, to PoS where you utilize your coins to secure the blockchain and paid directly from the blockchain.
Another change to reward structure is the addition of blockchain based CRISP distribution. By simply saving your coins in a wallet, you will receive interest, .1666% monthly (2% annual), as well as 4% annually.
As Tim was suggesting, these two changes will make it more attractive to save your DNotes. First by removing the need for miners that have to invest in hardware and electricity to support the network causing burden on the market, and second by rewarding those who save their DNotes.
Hi DNotes, thank you for your quick response. PoS sounds amazing. Mining has become really expensive and a privilege to those with the hardware and affordable electricity. I think this is a good direction for DNotes. Hopefully it will encourage more people to start investing into DNotes. More investors means higher prices Questions- Will our DNotes be locked in like the retirement account or can we withdraw at anytime?
- I'm sure the interest in compounding interest right?
- I also saw a tab called 'exchange' in the screenshots for the new wallet. Will users be able to exchage their DNotes for other coins directly from their wallet?
Hi BTCwise, The DNotes will not be locked, they can be withdrawn anytime. If you withdraw early, you lose the interest for that month. The interest is compounding, because it is paid out monthly. There will be no initial exchange functionality in the wallet, but this is something that is part of our overall ecosystem for the future. |
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BTCWise
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October 16, 2017, 12:27:15 PM |
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Hi BTCwise,
The DNotes will not be locked, they can be withdrawn anytime. If you withdraw early, you lose the interest for that month.
The interest is compounding, because it is paid out monthly.
There will be no initial exchange functionality in the wallet, but this is something that is part of our overall ecosystem for the future.
Thanks TeeGee, that sounds great. The exchange will be something great and potentially a game changer for DNotes. People like convenience. Thanks for the reply. |
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DNotes (OP)
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October 16, 2017, 02:00:35 PM |
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Hi BTCwise,
The DNotes will not be locked, they can be withdrawn anytime. If you withdraw early, you lose the interest for that month.
The interest is compounding, because it is paid out monthly.
There will be no initial exchange functionality in the wallet, but this is something that is part of our overall ecosystem for the future.
Thanks TeeGee, that sounds great. The exchange will be something great and potentially a game changer for DNotes. People like convenience. Thanks for the reply. Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network. |
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BTCWise
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October 16, 2017, 02:38:53 PM |
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Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network.
So if I'm correct we can earn 8% compounding interest annually? This is great news especially with all these hyip programs popping up in every corner of the internet. This is guaranteed interest and no need to worry about loosing your hard earned money. For the 2% staking reward. Will it also work if we store our coins in the DNotesVault wallet or will we have to install a wallet on our desktops and keep it running if we want to get this 2% reward. Could you please explain this for me. Regards, |
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Brandon Cheliak
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October 16, 2017, 03:00:25 PM |
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Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network.
So if I'm correct we can earn 8% compounding interest annually? This is great news especially with all these hyip programs popping up in every corner of the internet. This is guaranteed interest and no need to worry about loosing your hard earned money. For the 2% staking reward. Will it also work if we store our coins in the DNotesVault wallet or will we have to install a wallet on our desktops and keep it running if we want to get this 2% reward. Could you please explain this for me. Regards, The 2% staking reward requires you to run a full node via desktop wallet. |
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Dyna
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October 16, 2017, 03:10:25 PM |
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“ Alan, the value of your experience and the depth of perspective that it gives you can't be overestimated. You've seen a lot of impossible things come to pass and nay-sayers frequently proven short-sighted. What impresses me is that you still have a strong sense of what is and isn't possible, and show you are very aware that timing is crucial. Things that seemed impossible or unfeasible, often become successful when their time is right.” Thank you kindly, Tim. We all have our strengths and weaknesses. Knowing what they are and managing them to one’s advantage is an important skill-set worth mastering. Much of that is revealed throughout my book “Improve Your Odds – The Four Pillars of Business Success.” https://fourpillarsofbusinesssuccess.com/I have learned to be extremely selective and focused in what I am willing to commit my limited time and resources. To beginning with, it must be something that I am knowledgeable about or have done a thorough research on. To get involved, the project must be something I am really passionate about and in line with my area of strengths to the extent that I can be a significant contributor and driver of its success. I must also be convinced that if we do the right thing at the right time, given smart strategies and great executions, the required resources – human, financial, and others will be available to overcome any weaknesses and constraints. Additionally, I must be convinced that we can objectively believe that by doing the right thing at the right time we can be equal to our best competitor one day and ultimately be superior. These guiding principles have let me to a strong level of confidence for success and it will be well reflected in DNotes, DNotes Global, Inc. and others that we will be involved in the future. As I mentioned before, this is a very large-scale project and as such will require a rather complex system to make things happen as outlined in our roadmap: https://bitcointalk.org/index.php?topic=1924858.0On a different note, I agree that Jamie Dimon, CEO of JP Morgan Chase is no fool. Sadly, not recognizing his weakness or pure ignorance on the subject caused him to make a fool of himself. |
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DNotes (OP)
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October 16, 2017, 03:26:33 PM |
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Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network.
So if I'm correct we can earn 8% compounding interest annually? This is great news especially with all these hyip programs popping up in every corner of the internet. This is guaranteed interest and no need to worry about loosing your hard earned money. For the 2% staking reward. Will it also work if we store our coins in the DNotesVault wallet or will we have to install a wallet on our desktops and keep it running if we want to get this 2% reward. Could you please explain this for me. Regards, The 2% staking reward requires you to run a full node via desktop wallet. That is correct, and yep 8% plus compounding. We are planning on having a program where DNotesVault users can have their staking privileges deferred to another wallet. So if you have a DNotesVault account, there will be an option to fill out a form and request that your staking privileges are deferred to a desktop wallet you may be running, or to a wallet running on a cloud server for instance. In this manner you would be able to keep your DNotes safe at the DNotesVault while running a separate wallet specifically for staking, with no actual coins in the wallet you are deferring the staking privileges to. |
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Brandon Cheliak
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October 16, 2017, 03:53:34 PM |
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Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network.
So if I'm correct we can earn 8% compounding interest annually? This is great news especially with all these hyip programs popping up in every corner of the internet. This is guaranteed interest and no need to worry about loosing your hard earned money. For the 2% staking reward. Will it also work if we store our coins in the DNotesVault wallet or will we have to install a wallet on our desktops and keep it running if we want to get this 2% reward. Could you please explain this for me. Regards, The 2% staking reward requires you to run a full node via desktop wallet. That is correct, and yep 8% plus compounding. We are planning on having a program where DNotesVault users can have their staking privileges deferred to another wallet. So if you have a DNotesVault account, there will be an option to fill out a form and request that your staking privileges are deferred to a desktop wallet you may be running, or to a wallet running on a cloud server for instance. In this manner you would be able to keep your DNotes safe at the DNotesVault while running a separate wallet specifically for staking, with no actual coins in the wallet you are deferring the staking privileges to. Thanks, I was just about to ask how the deferred staking worked with DNotesVault. |
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Brandon Cheliak
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Activity: 171
Merit: 10
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October 16, 2017, 03:55:36 PM |
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Open question for everyone, which has more value:
A bitcoin comprised of one input, or a bitcoin comprised of one million inputs?
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DNotes (OP)
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Activity: 1932
Merit: 1111
DNotes
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October 16, 2017, 04:03:50 PM |
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Open question for everyone, which has more value:
A bitcoin comprised of one input, or a bitcoin comprised of one million inputs?
Is it the same? |
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Brandon Cheliak
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Activity: 171
Merit: 10
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October 16, 2017, 04:32:48 PM |
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Open question for everyone, which has more value:
A bitcoin comprised of one input, or a bitcoin comprised of one million inputs?
Is it the same? Although they retain the same face value, in theory the bitcoin comprised of one million inputs would have much less utility value because the fees on a transaction with so many outputs would be much greater than that of a single bitcoin left in tact, where only one output is required to send any given amount. |
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DNotes (OP)
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Activity: 1932
Merit: 1111
DNotes
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October 16, 2017, 04:53:52 PM
Last edit: October 17, 2017, 02:57:57 AM by DNotes |
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Open question for everyone, which has more value:
A bitcoin comprised of one input, or a bitcoin comprised of one million inputs?
Is it the same? Although they retain the same face value, in theory the bitcoin comprised of one million inputs would have much less utility value because the fees on a transaction with so many outputs would be much greater than that of a single bitcoin left in tact, where only one output is required to send any given amount. Yep, transaction fees get complicated in this scenario as far as how much of it can be actually spent. Coming up with a transaction fee structure that is useful for the user while being beneficial to the network is more difficult than it may appear at face value as a result of the blockchains transaction structure. |
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R-J-F
Sr. Member
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Activity: 1078
Merit: 310
AKA RJF - Member since '13
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October 16, 2017, 08:44:24 PM |
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Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network.
So if I'm correct we can earn 8% compounding interest annually? This is great news especially with all these hyip programs popping up in every corner of the internet. This is guaranteed interest and no need to worry about loosing your hard earned money. For the 2% staking reward. Will it also work if we store our coins in the DNotesVault wallet or will we have to install a wallet on our desktops and keep it running if we want to get this 2% reward. Could you please explain this for me. Regards, The 2% staking reward requires you to run a full node via desktop wallet. That is correct, and yep 8% plus compounding. We are planning on having a program where DNotesVault users can have their staking privileges deferred to another wallet. So if you have a DNotesVault account, there will be an option to fill out a form and request that your staking privileges are deferred to a desktop wallet you may be running, or to a wallet running on a cloud server for instance. In this manner you would be able to keep your DNotes safe at the DNotesVault while running a separate wallet specifically for staking, with no actual coins in the wallet you are deferring the staking privileges to. That is WAY cool! What a forward thinking idea! This what I have always known DNotes was capable of, cool, user centered tech. Nice! |
"Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." Ben Franklin
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BTCWise
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October 16, 2017, 09:45:25 PM |
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Absolutely, this will be a game changer for DNotes. There are many upgrades we are working on, but the change regarding the reward structure is certainly one of the the most significant in the near term. There is no additional requirements to receive the CRISP rewards, .1666% monthly and 4% annually, even if your wallet is offline. The 2% staking reward will require a wallet that is actively running to support the network.
So if I'm correct we can earn 8% compounding interest annually? This is great news especially with all these hyip programs popping up in every corner of the internet. This is guaranteed interest and no need to worry about loosing your hard earned money. For the 2% staking reward. Will it also work if we store our coins in the DNotesVault wallet or will we have to install a wallet on our desktops and keep it running if we want to get this 2% reward. Could you please explain this for me. Regards, The 2% staking reward requires you to run a full node via desktop wallet. That is correct, and yep 8% plus compounding. We are planning on having a program where DNotesVault users can have their staking privileges deferred to another wallet. So if you have a DNotesVault account, there will be an option to fill out a form and request that your staking privileges are deferred to a desktop wallet you may be running, or to a wallet running on a cloud server for instance. In this manner you would be able to keep your DNotes safe at the DNotesVault while running a separate wallet specifically for staking, with no actual coins in the wallet you are deferring the staking privileges to. This sounds amazing. I'm really starting to get goosebumps Security is key and you guys are really ticking all the right boxes. I like the fact that we will be able to run a separate wallet for staking by deferring from our DNotesVault to a desktop wallet. Thanks for the feedback DNotes. |
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