DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[wiser]

I have another picky question about cold staking (when it's available): Let's say I have DNotes stored on ten different addresses and I want all the funds to be cold staking and I want the rewards to always go back to the originating address. Do I need to set up one cold staking address for each fundholding address, or could I defer staking of all ten fundholding addresses to a single staking address and still expect the rewards to be directed back to the original addresses?

And another picky question: Is there a minimum balance required to be eligible for CRISP rewards?

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[lxxtikk]

Update: Cryptopia has notified its users of the coin swap and has begun the delisting process.

so are dnote losing cryptopia or they will list dnote again ?

[DNotes]

I have another picky question about cold staking (when it's available): Let's say I have DNotes stored on ten different addresses and I want all the funds to be cold staking and I want the rewards to always go back to the originating address. Do I need to set up one cold staking address for each fundholding address, or could I defer staking of all ten fundholding addresses to a single staking address and still expect the rewards to be directed back to the original addresses?

And another picky question: Is there a minimum balance required to be eligible for CRISP rewards?

No worries, keep them coming. They are great questions.

You will need to defer your staking privileges for each account individually. Ideally it would all be to one address, it seems like it will be absolutely possible, but I do not want to give a definitive answer until we can test it.

No minimum on CRISP as of now, but it is possible there will be one in the future. Mostly due to the volume of addresses it has to process, and resulting transactions, each round of CRISP payments. That is more of a scaling issue that we haven't fully tackled as of yet.

[DNotes]

Update: Cryptopia has notified its users of the coin swap and has begun the delisting process.

so are dnote losing cryptopia or they will list dnote again ?

Hi lxxtikk, we do not have a definitive answer as of yet from Cryptopia. However we have submitted all the necessary paperwork and information for relisting. I will let everyone know when we have an answer for sure.

[DNotes]

DNotes 2.0 Frequently Asked Questions:

Q: What is new with DNotes 2.0?

A: DNotes 2.0 is a major improvement on the original DNotes blockchain. The new blockchain will allow DNotes and its partner company DNotes Global to achieve its objective to connect DNotes to the modern world of finance and commerce. The new blockchain is faster, more secure, and consumes only a fraction of the electricity. It also allows custom invoices to be created and attached to transactions, and changes the economic incentives of the network to one that encourages savings with the switch to the Proof-Of-Stake algorithm, and paying 0.5% interest on balances that haven’t moved from a wallet address in a 30 day period (~6% per annum).

Specifications

POS
2% Annualized Staking Reward
Individual blocks reward will be Total Coins / 525,600
60 Second Block Target
0.005 Transaction Fee
Source: https://github.com/DNotesCoin/DNotes2.0
Download Wallet: https://github.com/DNotesCoin/DNotes2.0/releases/tag/v2.0.0.0
Directory DNotes2 (C:\Users\USERNAME\AppData\Roaming\DNotes2 on Windows)
CONF dnotes.conf (all lower case)

DNotes 2.0 Features
Switch to PoS
CRISP Reward - 0.5% interest every 30 days. Awarded by address. Calculated on a 30 day cycle.
Automated Invoicing (First Phase) - Integrated blockchain invoice number

There will be a soft deadline where DNotes mined after that block will not be redeemable for 2.0 coins:
4/16/2018
Block# 2180897
133,574,552 Will be the total swappable amount of DNotes we create
+20,000,000 Allocated to DNotes Global, Inc for Development & Growth Fund
153,574,552 Total DNotes 2.0 Created

The next update (TBD) will include:
Deferred Staking

Q: How do I swap my coins?

A: DNotes stored on the DNotesVault are automatically swapped for you, you don’t need to take any action as the swap process has been done on your behalf.

For new coins you would like to swap, from an exchange, a local wallet, paper wallet, that were not already located on the DNotesVault:

If you do not already have a DNotesVault account, register here: https://dnotesvault.com/register
Login to your DNotesVault account.
Click “historic” at the top.
If you don't have any addresses yet, click create address.
Send your old DNotes to one of your historical addresses.
The DNotes you send will then be converted to the new DNotes 2.0 coins, and will show in your new DNotes wallet under “dashboard” after we have completed the swap process.
Note: Please allow some time for this process to complete.

Q: I had a DNotes Vault account with DNotes in it before the swap. Have my old DNotes been swapped into the new coins?

A: Yes. We have taken care of swapping all coins held at the DNotes Vault at the time of the upgrade. You don’t need to take any action.


Q: I found some DNotes from the old blockchain, can I still swap them for the new DNotes tokens?

A: Yes, we will continue to run the old blockchain and give a reasonable period of time for people to swap their DNotes to the new DNotes 2.0 tokens. We recommend that users take action to swap their coins as soon as possible, and may treat swaps on a case by case basis.

Q: I have a paper wallet. How do I turn them into the new coins?

A: You will need to download the DNotes v1.2 software, and then use the importprivkey command in the debug console.


https://bitcoin.stackexchange.com/questions/5941/how-do-i-import-a-private-key-into-bitcoin-core

Once your wallet is updated, you will be able to send out your DNotes.

Q: What is the cutoff date for mined DNotes that can be swapped to the new DNotes blockchain?

A: We have set April 16th as the soft deadline. No DNotes mined after this date will be eligible to be swapped to DNotes running on the new blockchain. We will continue swap DNotes after that date, however the process will not be as easy and will take more time. Any DNotes 1.x purchased on exchanges after the 16th will not be eligible for the swap.

Q: What is Staking?

A: Staking your coins helps to support the DNotes network, and the network currently pays out roughly 5 DNotes every minute to one address on the network based on a probability that centers on how many coins the user is staking with as a percentage of the total number of coins being staked on the network. The DNotes network pays out ~2% of the total number of coins per annum. If 100% of DNotes were being used to stake on the network, then by probability each user could expect 2% growth in the number of coins they have. If only 50% of coins are used to stake, then those users could expect approximately 4% growth that year.

Q: Can I stake my coins on the DNotesVault?

A: You cannot currently stake your coins that are on the DNotesVault, you will need to withdraw your DNotes 2.0 to a local wallet and stake your coins from your local wallet. We will in a future release incorporate cold staking, which will allow you stake your coins while they are safely tucked away inside the DNotesVault. However, we do not have an ETA, it will be one of our highest priorities for next upgrades.

Q: How do I stake?

Disclaimer: It is recommended that you properly secure your computer and wallet, as well as make proper backups, before attempting to run your own staking wallet. Failure to properly secure your DNotes may result in loss or theft. If you are not familiar with the process, please start off small and familiarize yourself with the process.

You will need to download the DNotes QT wallet here: https://github.com/DNotesCoin/DNotes2.0/releases/tag/v2.0.0.0

Install the wallet (and we recommend creating a backup)
Go to settings, and then ‘encrypt wallet’. Enter your password twice (and do NOT forget it, or you will not be able to access the wallet and we can not help you).
Go to settings, and then ‘unlock wallet’, enter your password, and select “for staking only”. This will prevent any transfers from being made from your wallet without the password while you stake your coins.
Soon the arrow at the bottom will turn green. This means that your coins are now staking.
   
   You can watch a video of these steps here from our alpha release here:
   https://www.youtube.com/watch?v=2w9r2LoXM6c


Q: How do I earn the interest reward?

A: Our Cryptocurrency Investment Savings Plan (CRISP) payouts occur approximately once per month. All coins that haven’t moved address during that month period will accrue a 0.5% interest, which compounds to roughly 6.17% per annum. If you move your coins during that time, those coins will not receive the interest for that month.

Q: What exchanges are DNotes listed on?

A: Cryptopia, Nova, Yobit, & Trade By Trade

Q: Will DNotes 2.0 be listed on new exchanges?

A: The DNotes team are working to get DNotes listed on new and larger exchanges.

Q: When will Cryptopia relist DNotes 2.0?

A: Cryptopia is starting the delisting process and they have advised they will connect us with their relisting team once the DNotes have been removed from the exchange, in order to prevent confusion.

Q: Are the new DNotes 2.0 coins worth the same as the old coins?

A: Yes, they are worth exactly the same. However we can not predict what price movements will occur at exchanges once DNotes is relisted using the new coins.

Q: I have DNotes on the exchange, do I need to remove them from the exchange?

A: Yes, as soon as possible. Please see “How do I swap my coins?”

Q: I have Mac or Specific Linux OS, will there be wallets for these?  

A: Yes, these are among our high priority items to get done as soon as possible.

Q: Where is the block explorer?

A: https://chainz.cryptoid.info/note/

Q: Can I get CRISP reward AND stake at the same time?

A: Yes, the system is designed to allow you to receive CRISP on a wallet you are staking

Q: What is the CRISP reward structure?

A: CRISP periods are every 43,200 blocks (30 days). Payments start 10,080 blocks (1 week) from the end of the CRISP period.

Q: What do I need to do to earn CRISP?

A: Keep your coins in the same address for the full CRISP period 30 days, set every 43,200 blocks.

Q: When will I receive CRISP payments?

A: The next payouts are as follows:

April 27 - Ends first CRISP period.
May 4 - Payout starts. (Virtually no one will receive this payout)
May 27 - Ends second CRISP period
June 3 - Payout starts

Roughly.

Q: Do I get CRISP payments at the DNotesVault?

A: Yes! You get CRISP inside the DNotesVault, or at any address you control, such as a Desktop wallet. Though I won't suspect you will be able to get CRISP rewards from the exchanges or other online providers.

Q: Where do the CRISP coins come from?

A: The blockchain, these are newly created coins and have now become part of the new coin distribution, just like the staking reward.

Q: I am trying to swap my coins from Cryptopia and I am getting Invalid Address

A: That address which begins with an "S" is your new DNotes 2.0 address and your coins on Cryptopia currently are DNotes 1.x. If you like to participate in the coin swap, you can click on the "HISTORIC" tab in your DNotesVault account, create an address, and deposit to that address which begins with a "D". We will take care of the rest, and swap your DNotes for you within a few days.

If you have any other queries, please email contact@dnotescoin.com

We have been working hard at DNotesEDU to get ready for the 1st Cryptocurrency Education Week starting on Sunday, April 8th. Just to clarify (so I don't get in trouble, lol) - the contests and giveaways are through social media and have nothing to do with Bitcointalk. Please do whatever you can to help by sharing as much as possible. Thank you!!





Cryptocurrency Education Week  


As part of Financial Literacy Month in the United States, DNotesEDU will be hosting Cryptocurrency Education Week from April 8th - 14th, 2018.

The goal is to raise awareness of the need for free, accurate, and unbiased introductory educational material on cryptocurrency. To achieve mainsteam adoption there needs to be a strong focus on investor protection, and while cryptocurrency education is the key to accomplishing this, it is also a favorite bait of fraudsters and their schemes. Quality educational material is honest about the risks involved, and does not make specific coin or token recommendations. There is no reference to anything that sounds like guaranteed high returns, earn $millions, hot tips, secrets that you have to pay for, or any other too-good-to-be-true claims. Educational material should be inclusive and empowering - it should teach you how to make decisions for yourself.

Contests and giveaways

During the week, we will be giving away DNotes digital currency to random lucky winners that have been sharing DNotesEDU cryptocurrency educational material on social media.
Make sure your posts contain #CryptocurrencyEducationWeek  @DNotesEDU so we can find you when searching.
Keep an eye out for additional contests and random, instant giveaways held throughout the week that will be announced on Facebook and Twitter.
At the end of the week, every eligible post has a chance to win a Grand Prize Draw of 5,000 DNotes, plus numerous runner-up prizes!

#CryptocurrencyEducationWeek @DNotesEDU - Posts to share

Share this Cryptocurrency Education Week announcement post and any/or all of the following:
Financial Literacy Needs to Include Knowledge on Cryptocurrency - https://dnotesedu.com/2018/04/financial-literacy-needs-to-include-knowledge-on-cryptocurrency/
If Cryptocurrency Confuses You... Start Here - https://dnotesedu.com/digital-currency/cryptocurrency/
Cryptocurrency and ICO Screening Guide for Investors - https://dnotesedu.com/2018/02/cryptocurrency-ico-screening-guide-for-investors/
Why Coin Age Matters in Cryptocurrency - https://dnotesedu.com/2018/04/why-coin-age-matters-in-cryptocurrency/
10 Reasons to do Your Homework Before Investing in ICOs - https://dnotesedu.com/2018/01/10-reasons-to-do-your-homework-before-investing-in-icos/
Risk Reduction Strategies in Cryptocurrency Investing: Part 1 - Education - https://dnotesedu.com/2018/04/risk-reduction-strategies-in-cryptocurrency-investing-part-1-education/
Risk Reduction Strategies in Cryptocurrency: Part 2 - Research - https://dnotesedu.com/2018/04/risk-reduction-strategies-in-cryptocurrency-investing-part-2-research/
Risk Reduction Strategies in Cryptocurrency: Part 3 - Diversification - https://dnotesedu.com/2018/04/risk-reduction-strategies-in-cryptocurrency-investing-part-3-diversification/
Risk Reduction Strategies in Cryptocurrency: Part 4 - Dollar Cost Averaging - https://dnotesedu.com/2018/04/risk-reduction-strategies-in-cryptocurrency-investing-part-4-dollar-cost-averaging/
Risk Reduction Strategies in Cryptocurrency: Part 5 - Security Precautions - https://dnotesedu.com/2018/04/risk-reduction-strategies-in-cryptocurrency-investing-part-4-dollar-cost-averaging/
Cryptocurrency Regulation - https://dnotesedu.com/digital-currency/regulation/
Other cryptocurrency educational material from the Digital Currency modules or blog - https://dnotesedu.com/digital-currency/regulation/

You can share as many times as you like, but it must be DNotesEDU cryptocurrency educational material only.
Make sure all posts contain both #CryptocurrencyEducationWeek  and  @DNotesEDU
Promotion of any coins or tokens is NOT allowed in the posts.

Good Luck!

https://dnotesedu.com/2018/04/cryptocurrency-education-week/

#CryptoCurrencyWeek @DNotesEDU starts today!





I have started a thread in the "Beginners and Help" forum - https://bitcointalk.org/index.php?topic=3281937.new#new. If anyone has a spare moment throughout the week, it would be very much appreciated it you could leave a comment and help keep the thread current. Helpful content gets drowned out very quickly on Bitcointalk. lol

Good luck to all contest participants!!  

[Chase]

Coinsquare, a Canadian cryptocurrency exchange has launched this T.V. ad in an effort to build its customer base before September's IPO. I love the ending! lol

https://www.youtube.com/watch?v=3iipb_DvFv4


Canadian Crypto Exchange Coinsquare Launches TV Ad Campaign Ahead of September IPO - https://www.ccn.com/coinsquare-launches-tv-ad-campaign-ahead-of-september-ipo/

[DCEBrief]

An Overview of High Performance Blockchain – Scaling the Blockchain with Hardware

https://dcebrief.com/an-overview-of-high-performance-blockchain-scaling-the-blockchain-with-hardware/

[wiser]

I have another picky question about cold staking (when it's available): Let's say I have DNotes stored on ten different addresses and I want all the funds to be cold staking and I want the rewards to always go back to the originating address. Do I need to set up one cold staking address for each fundholding address, or could I defer staking of all ten fundholding addresses to a single staking address and still expect the rewards to be directed back to the original addresses?

And another picky question: Is there a minimum balance required to be eligible for CRISP rewards?

No worries, keep them coming. They are great questions.

You will need to defer your staking privileges for each account individually. Ideally it would all be to one address, it seems like it will be absolutely possible, but I do not want to give a definitive answer until we can test it.

No minimum on CRISP as of now, but it is possible there will be one in the future. Mostly due to the volume of addresses it has to process, and resulting transactions, each round of CRISP payments. That is more of a scaling issue that we haven't fully tackled as of yet.

I sure will. Here is one more. Are withdrawals from DNotes Vault accounts still being manually processed? I'm trying to send some DNotes to my desktop wallet and in the history it says "pending release date." As far as I know I asked for a normal withdrawal.

[DNotes]

I have another picky question about cold staking (when it's available): Let's say I have DNotes stored on ten different addresses and I want all the funds to be cold staking and I want the rewards to always go back to the originating address. Do I need to set up one cold staking address for each fundholding address, or could I defer staking of all ten fundholding addresses to a single staking address and still expect the rewards to be directed back to the original addresses?

And another picky question: Is there a minimum balance required to be eligible for CRISP rewards?

No worries, keep them coming. They are great questions.

You will need to defer your staking privileges for each account individually. Ideally it would all be to one address, it seems like it will be absolutely possible, but I do not want to give a definitive answer until we can test it.

No minimum on CRISP as of now, but it is possible there will be one in the future. Mostly due to the volume of addresses it has to process, and resulting transactions, each round of CRISP payments. That is more of a scaling issue that we haven't fully tackled as of yet.

I sure will. Here is one more. Are withdrawals from DNotes Vault accounts still being manually processed? I'm trying to send some DNotes to my desktop wallet and in the history it says "pending release date." As far as I know I asked for a normal withdrawal.

Yep, that is correct. All withdrawals are manually processed with manual verification utilizing offline processing.

Right now, there is more manual processing of everything at the DNotesVault as we continue to work through everything and keep a close eye to ensure there are no issues with the swap process or new nack end connections.

[wiser]

I have another picky question about cold staking (when it's available): Let's say I have DNotes stored on ten different addresses and I want all the funds to be cold staking and I want the rewards to always go back to the originating address. Do I need to set up one cold staking address for each fundholding address, or could I defer staking of all ten fundholding addresses to a single staking address and still expect the rewards to be directed back to the original addresses?

And another picky question: Is there a minimum balance required to be eligible for CRISP rewards?

No worries, keep them coming. They are great questions.

You will need to defer your staking privileges for each account individually. Ideally it would all be to one address, it seems like it will be absolutely possible, but I do not want to give a definitive answer until we can test it.

No minimum on CRISP as of now, but it is possible there will be one in the future. Mostly due to the volume of addresses it has to process, and resulting transactions, each round of CRISP payments. That is more of a scaling issue that we haven't fully tackled as of yet.

I sure will. Here is one more. Are withdrawals from DNotes Vault accounts still being manually processed? I'm trying to send some DNotes to my desktop wallet and in the history it says "pending release date." As far as I know I asked for a normal withdrawal.

Yep, that is correct. All withdrawals are manually processed with manual verification utilizing offline processing.

Right now, there is more manual processing of everything at the DNotesVault as we continue to work through everything and keep a close eye to ensure there are no issues with the swap process or new nack end connections.

That makes sense to be super vigilant about everything in the early stages. About how long does it usually take for a withdrawal to be processed? I will have a few more as I'm testing the wallet, trying out different things.

[DNotes]

I have another picky question about cold staking (when it's available): Let's say I have DNotes stored on ten different addresses and I want all the funds to be cold staking and I want the rewards to always go back to the originating address. Do I need to set up one cold staking address for each fundholding address, or could I defer staking of all ten fundholding addresses to a single staking address and still expect the rewards to be directed back to the original addresses?

And another picky question: Is there a minimum balance required to be eligible for CRISP rewards?

No worries, keep them coming. They are great questions.

You will need to defer your staking privileges for each account individually. Ideally it would all be to one address, it seems like it will be absolutely possible, but I do not want to give a definitive answer until we can test it.

No minimum on CRISP as of now, but it is possible there will be one in the future. Mostly due to the volume of addresses it has to process, and resulting transactions, each round of CRISP payments. That is more of a scaling issue that we haven't fully tackled as of yet.

I sure will. Here is one more. Are withdrawals from DNotes Vault accounts still being manually processed? I'm trying to send some DNotes to my desktop wallet and in the history it says "pending release date." As far as I know I asked for a normal withdrawal.

Yep, that is correct. All withdrawals are manually processed with manual verification utilizing offline processing.

Right now, there is more manual processing of everything at the DNotesVault as we continue to work through everything and keep a close eye to ensure there are no issues with the swap process or new nack end connections.

That makes sense to be super vigilant about everything in the early stages. About how long does it usually take for a withdrawal to be processed? I will have a few more as I'm testing the wallet, trying out different things.

24-48 hours is the typical. That will always be the case for the foreseeable future. We did have extended delays for the swap, but it's not looking like we need them to get everything processed within that timeframe.

[wiser]

Something else to be aware of...

Having a program like CRISP which rewards addresses for keeping the balance all there month after month tends to encourage keeping funds in multiple addresses. Let's say I own 50,000 DNotes. If I keep it all in a single address and then one day I want to spend 100 DNotes on something, well, the cost is that I would lose the entire CRISP reward in the month that I spend it, and at 0.5 percent, the cost of spending that 100 DNotes would be 250 DNotes in lost reward. But if I split up the 50,000 DNotes into 10 addresses each with 5,000 inside them, then when I want to spend 100 DNotes, it only costs me 25 DNotes in lost reward (because I only messed with the balance of a single address containing 5,000 DNotes, leaving the other 45,000 alone).

SMART Cash coin, in which I have an interest, has a similar program, where once a month you get a "SMART Reward" for not making a withdrawal during a month long period. They do have a minimum balance requirement of 1,000 SMART. Their online wallet comes set up with three addresses right off the bat, a spending address and two SMART Reward addresses. The idea is that you would divide your savings into those two addresses and then if you need to make a withdrawal from one of them, the other is unaffected in terms of the rewards. If you have a large balance all in one address, the practical reality is that it "costs" quite a bit to withdraw anything, so you have to evaluate if it's worth it.

The end result is that users are incentivized to keep their coins locked up, which is a very good thing for the coin overall. The traders, of course, forfeit that reward, and they probably judge that they will profit more by trading than by locking up funds. Another result is people are also incentivized to use many more addresses for their coins.

I don't know if it is technically feasible or if it were, could be exploited in a bad way, but I wonder if it would be worth exploring a kind of rewards structure where you were allowed one or two withdrawals per month to still get the rewards, and those withdrawals had to be less than x percent of the entire balance and of course the amount withdrawn would forfeit its portion of rewards. You know how fiat savings accounts typically allow up to 6 withdrawals per balance cycle before they start charging? I'm thinking something like that. Having one or two "grace" withdrawals each cycle I think could still incentivize saving, but would also allow for reallocation of funds into either other savings accounts or spending accounts.

Just pointing out an observation and "thinking out loud."

[DNotes]

Something else to be aware of...

Having a program like CRISP which rewards addresses for keeping the balance all there month after month tends to encourage keeping funds in multiple addresses. Let's say I own 50,000 DNotes. If I keep it all in a single address and then one day I want to spend 100 DNotes on something, well, the cost is that I would lose the entire CRISP reward in the month that I spend it, and at 0.5 percent, the cost of spending that 100 DNotes would be 250 DNotes in lost reward. But if I split up the 50,000 DNotes into 10 addresses each with 5,000 inside them, then when I want to spend 100 DNotes, it only costs me 25 DNotes in lost reward (because I only messed with the balance of a single address containing 5,000 DNotes, leaving the other 45,000 alone).

SMART Cash coin, in which I have an interest, has a similar program, where once a month you get a "SMART Reward" for not making a withdrawal during a month long period. They do have a minimum balance requirement of 1,000 SMART. Their online wallet comes set up with three addresses right off the bat, a spending address and two SMART Reward addresses. The idea is that you would divide your savings into those two addresses and then if you need to make a withdrawal from one of them, the other is unaffected in terms of the rewards. If you have a large balance all in one address, the practical reality is that it "costs" quite a bit to withdraw anything, so you have to evaluate if it's worth it.

The end result is that users are incentivized to keep their coins locked up, which is a very good thing for the coin overall. The traders, of course, forfeit that reward, and they probably judge that they will profit more by trading than by locking up funds. Another result is people are also incentivized to use many more addresses for their coins.

I don't know if it is technically feasible or if it were, could be exploited in a bad way, but I wonder if it would be worth exploring a kind of rewards structure where you were allowed one or two withdrawals per month to still get the rewards, and those withdrawals had to be less than x percent of the entire balance and of course the amount withdrawn would forfeit its portion of rewards. You know how fiat savings accounts typically allow up to 6 withdrawals per balance cycle before they start charging? I'm thinking something like that. Having one or two "grace" withdrawals each cycle I think could still incentivize saving, but would also allow for reallocation of funds into either other savings accounts or spending accounts.

Just pointing out an observation and "thinking out loud."

Thanks wiser, sending out of a specific address does not break CRISP. So if you have 50,000 in your wallet, and send out 100, your CRISP reward will calculate 49,900 for the next CRISP reward.

Edit: We had to make changes to the way coins were handled to ensure this scenario wouldn't break CRISP. Mostly around coin selection and change for transactions.

[wiser]

Something else to be aware of...

Having a program like CRISP which rewards addresses for keeping the balance all there month after month tends to encourage keeping funds in multiple addresses. Let's say I own 50,000 DNotes. If I keep it all in a single address and then one day I want to spend 100 DNotes on something, well, the cost is that I would lose the entire CRISP reward in the month that I spend it, and at 0.5 percent, the cost of spending that 100 DNotes would be 250 DNotes in lost reward. But if I split up the 50,000 DNotes into 10 addresses each with 5,000 inside them, then when I want to spend 100 DNotes, it only costs me 25 DNotes in lost reward (because I only messed with the balance of a single address containing 5,000 DNotes, leaving the other 45,000 alone).

SMART Cash coin, in which I have an interest, has a similar program, where once a month you get a "SMART Reward" for not making a withdrawal during a month long period. They do have a minimum balance requirement of 1,000 SMART. Their online wallet comes set up with three addresses right off the bat, a spending address and two SMART Reward addresses. The idea is that you would divide your savings into those two addresses and then if you need to make a withdrawal from one of them, the other is unaffected in terms of the rewards. If you have a large balance all in one address, the practical reality is that it "costs" quite a bit to withdraw anything, so you have to evaluate if it's worth it.

The end result is that users are incentivized to keep their coins locked up, which is a very good thing for the coin overall. The traders, of course, forfeit that reward, and they probably judge that they will profit more by trading than by locking up funds. Another result is people are also incentivized to use many more addresses for their coins.

I don't know if it is technically feasible or if it were, could be exploited in a bad way, but I wonder if it would be worth exploring a kind of rewards structure where you were allowed one or two withdrawals per month to still get the rewards, and those withdrawals had to be less than x percent of the entire balance and of course the amount withdrawn would forfeit its portion of rewards. You know how fiat savings accounts typically allow up to 6 withdrawals per balance cycle before they start charging? I'm thinking something like that. Having one or two "grace" withdrawals each cycle I think could still incentivize saving, but would also allow for reallocation of funds into either other savings accounts or spending accounts.

Just pointing out an observation and "thinking out loud."

Thanks wiser, sending out of a specific address does not break CRISP. So if you have 50,000 in your wallet, and send out 100, your CRISP reward will calculate 49,900 for the next CRISP reward.

Edit: We had to make changes to the way coins were handled to ensure this scenario wouldn't break CRISP. Mostly around coin selection and change for transactions.

That's really great news, actually. So, on the technical level, it's actually tracking the balance itself and which of those coins have been there for the entire rewards period?

I think the best outcome is that you are rewarded for saving your coins but in a way that does not also penalize you for spending them. It sounds like you all have considered this angle and taken care to make sure that the only CRISP reward you would lose would be for those coins actually spent, not the entire balance at a given address.

Another question: how long is the coin maturing period?

[DNotes]

Something else to be aware of...

Having a program like CRISP which rewards addresses for keeping the balance all there month after month tends to encourage keeping funds in multiple addresses. Let's say I own 50,000 DNotes. If I keep it all in a single address and then one day I want to spend 100 DNotes on something, well, the cost is that I would lose the entire CRISP reward in the month that I spend it, and at 0.5 percent, the cost of spending that 100 DNotes would be 250 DNotes in lost reward. But if I split up the 50,000 DNotes into 10 addresses each with 5,000 inside them, then when I want to spend 100 DNotes, it only costs me 25 DNotes in lost reward (because I only messed with the balance of a single address containing 5,000 DNotes, leaving the other 45,000 alone).

SMART Cash coin, in which I have an interest, has a similar program, where once a month you get a "SMART Reward" for not making a withdrawal during a month long period. They do have a minimum balance requirement of 1,000 SMART. Their online wallet comes set up with three addresses right off the bat, a spending address and two SMART Reward addresses. The idea is that you would divide your savings into those two addresses and then if you need to make a withdrawal from one of them, the other is unaffected in terms of the rewards. If you have a large balance all in one address, the practical reality is that it "costs" quite a bit to withdraw anything, so you have to evaluate if it's worth it.

The end result is that users are incentivized to keep their coins locked up, which is a very good thing for the coin overall. The traders, of course, forfeit that reward, and they probably judge that they will profit more by trading than by locking up funds. Another result is people are also incentivized to use many more addresses for their coins.

I don't know if it is technically feasible or if it were, could be exploited in a bad way, but I wonder if it would be worth exploring a kind of rewards structure where you were allowed one or two withdrawals per month to still get the rewards, and those withdrawals had to be less than x percent of the entire balance and of course the amount withdrawn would forfeit its portion of rewards. You know how fiat savings accounts typically allow up to 6 withdrawals per balance cycle before they start charging? I'm thinking something like that. Having one or two "grace" withdrawals each cycle I think could still incentivize saving, but would also allow for reallocation of funds into either other savings accounts or spending accounts.

Just pointing out an observation and "thinking out loud."

Thanks wiser, sending out of a specific address does not break CRISP. So if you have 50,000 in your wallet, and send out 100, your CRISP reward will calculate 49,900 for the next CRISP reward.

Edit: We had to make changes to the way coins were handled to ensure this scenario wouldn't break CRISP. Mostly around coin selection and change for transactions.

That's really great news, actually. So, on the technical level, it's actually tracking the balance itself and which of those coins have been there for the entire rewards period?

I think the best outcome is that you are rewarded for saving your coins but in a way that does not also penalize you for spending them. It sounds like you all have considered this angle and taken care to make sure that the only CRISP reward you would lose would be for those coins actually spent, not then entire balance at a given address.

Another question: how long is the coin maturing period?

That is the intention. Give the reward for the coins saved. Just excluding the coins removed.

50 blocks. I should add that to the FAQ's.

[wiser]

Another feature you might consider adding in a future update: scrape addresses. Those direct staking rewards to a different address than the one with the balance that staked. This is useful in situations where you want to preserve your principal but spend your "interest." It would be especially attractive now that I know a simple withdrawal will not jeopardize CRISP rewards for the entire balance--I believe directing staking rewards to a scrape address could register as a withdrawal on a technical level.

[DNotes]

Another feature you might consider adding in a future update: scrape addresses. Those direct staking rewards to a different address than the one with the balance that staked. This is useful in situations where you want to preserve your principal but spend your "interest." It would be especially attractive now that I know a simple withdrawal will not jeopardize CRISP rewards for the entire balance--I believe directing staking rewards to a scrape address could register as a withdrawal on a technical level.

That request has come up a few times. The challenge, to me, which I haven't really discussed with my team just yet, is deferring staking privileges and at the same time sending the balance somewhere completely different (external wallet that is not part of the equation).

Deferred staking without affecting CRISP should be fine.

Definitely doable, just have to appropriately prioritize it in relation to complexity and time required to make all of these features work together simultaneously.

[wiser]

Another feature you might consider adding in a future update: scrape addresses. Those direct staking rewards to a different address than the one with the balance that staked. This is useful in situations where you want to preserve your principal but spend your "interest." It would be especially attractive now that I know a simple withdrawal will not jeopardize CRISP rewards for the entire balance--I believe directing staking rewards to a scrape address could register as a withdrawal on a technical level.

That request has come up a few times. The challenge, to me, which I haven't really discussed with my team just yet, is deferring staking privileges and at the same time sending the balance somewhere completely different (external wallet that is not part of the equation).

Deferred staking without affecting CRISP should be fine.

Definitely doable, just have to appropriately prioritize it in relation to complexity and time required to make all of these features work together simultaneously.

Glad to know it's at least on the list. I wouldn't see it as a top priority in the early stages. It's not like I'm going to be selling DNotes at 1.8 cents anyway. This will become more relevant as the DNotes price climbs and staking rewards become significant in terms of monetary value. In the mean time, growing the balance makes the most sense as an investor

[DCEBrief]

Polish Crypto Traders Petition to Reverse New Govt Tax Policy

https://dcebrief.com/polish-crypto-traders-petition-to-reverse-new-govt-tax-policy/

[wiser]

This is a highly informative article on appropriate tax reporting: https://www.coindesk.com/dont-know-crypto-taxes-can-hurt/

I'm in the "buy more time by filing an extension" club