DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[DNotes]

Hello team, been meaning to ask...are there efforts underway to secure a new exchange relationship? The issues with Polo the other day indicate our exchange situation is a risk factor and was wondering if there were efforts to mitigate our nose being open b/c of reliance on Polo.

What are the issues with Polo that you speak about? I haven't actively traded there in sometime, so curious.

We are working on getting listed on more exchanges. As of now, Cryptopia has agreed to list us on May 12th. As soon as we have more information that can be shared, we will let everyone know!

[DNotes]

https://medium.com/@jwoods1103/interview-with-alan-yong-author-of-improve-your-odds-the-four-pillars-of-business-success-8c9c9bc4b984

[DNotes]

Please vote for DNotes on the CrytalDash exchange!

https://www.cryptaldash.com/new-coin-listing?ref=cnVlbAY29pbjk3MDkxMUBjcnlwdGFsZGFzaC5jb20bWluZG8

[Dyna]

I don't think the Russian authorities have a very good grasp on what to look for in a legitimate ICO or how to identify the bad actors. Their advice really isn't any different than that given by self-serving promoters of shady projects. I agree that team member credibility is extremely important. It's too bad the definition of credibility has become so distorted in this industry.

"A startup conducting a coin offering will be judged by several criteria, including the credibility of its team members, Izvestia reported. RACIB will verify if the company has a website with information about previous projects. The association will check for a white paper and a roadmap for the ICO. Startups will be expected to announce a minimum rate of return of the investments."


Half of the ICO Money in Russia Went to Pyramids - https://news.bitcoin.com/half-of-the-ico-money-in-russia-went-to-pyramids/

Chase, thanks for sharing. Unfortunately, the state of confusion surrounding ICOs is a serious global problem, not limited to the Russian. I am coming across those challenges everyday - including professionals who should know better.

When the dust finally settled, many will understand why DNotes has been travelling down a uniquely different path than the rest of the industry.

ICOs will remain to be very damaging to our industry. Unfortunately, as long there is a high demand it will continue.

[wiser]

With all the talk about the issues with ICOs, here's one that might be interesting to analyze for educational purposes. At first glance it looks like a competitor of DNotes Coin and DNotes Global.

I'd be genuinely curious to know what you guys think. I'm not asking about whether it would be a good investment (I have my own concerns). I'm thinking of it as a real world example. It's an ICO. There's a website, a whitepaper (that seems thorough), and a team that consists of people with some real world experience. What would be the things you would tell people to probe more deeply? Do you see any immediate red flags (I mean, besides that it's an ICO and we don't like ICOs around here)?

Here's the whitepaper: https://worbli.io/whitepaper/index.html

Edit: After reading this article about mini IPOs, I'm starting to realize that it's a lot less productive than I thought to analyze individual ICOs. Just one quick example. One of the documents you have to produce if you want to go the mini IPO route is two years of financial statements to show that your company already knows how to spend money wisely and use it to make more money. So this ICO wants to raise $47,000,000 all at once with no prior history as a company (hence no previous financial statements). Maybe it might be better for them to raise a small amount (like $100,000) through crowdfunding and then use those funds to build out the first pieces and kind of prove themselves that way. Funny how easy that is to miss. I'm sure there are other examples and maybe I'll write a Steemit piece about that, but honestly, just taking a few minutes to carefully read through the legal process, and suddenly all those questions you forget to ask of an ICO become glaringly obvious.

[DNotes]

With all the talk about the issues with ICOs, here's one that might be interesting to analyze for educational purposes. At first glance it looks like a competitor of DNotes Coin and DNotes Global.

I'd be genuinely curious to know what you guys think. I'm not asking about whether it would be a good investment (I have my own concerns). I'm thinking of it as a real world example. It's an ICO. There's a website, a whitepaper (that seems thorough), and a team that consists of people with some real world experience. What would be the things you would tell people to probe more deeply? Do you see any immediate red flags (I mean, besides that it's an ICO and we don't like ICOs around here)?

Here's the whitepaper: https://worbli.io/whitepaper/index.html

Edit: After reading this article about mini IPOs, I'm starting to realize that it's a lot less productive than I thought to analyze individual ICOs. Just one quick example. One of the documents you have to produce if you want to go the mini IPO route is two years of financial statements to show that your company already knows how to spend money wisely and use it to make more money. So this ICO wants to raise $47,000,000 all at once with no prior history as a company (hence no previous financial statements). Maybe it might be better for them to raise a small amount (like $100,000) through crowdfunding and then use those funds to build out the first pieces and kind of prove themselves that way. Funny how easy that is to miss. I'm sure there are other examples and maybe I'll write a Steemit piece about that, but honestly, just taking a few minutes to carefully read through the legal process, and suddenly all those questions you forget to ask of an ICO become glaringly obvious.

Without attempting to speak for everyone, we aren't exactly against ICO's, the proposition and value they can add to the world is quite amazing. With the right guidance in place, and if it can be done properly, we intend to incorporate ICO's into our model. With that said, many of the ICO's are just not doing things properly and with consumer protection in mind.

[wiser]

I don't think the Russian authorities have a very good grasp on what to look for in a legitimate ICO or how to identify the bad actors. Their advice really isn't any different than that given by self-serving promoters of shady projects. I agree that team member credibility is extremely important. It's too bad the definition of credibility has become so distorted in this industry.

"A startup conducting a coin offering will be judged by several criteria, including the credibility of its team members, Izvestia reported. RACIB will verify if the company has a website with information about previous projects. The association will check for a white paper and a roadmap for the ICO. Startups will be expected to announce a minimum rate of return of the investments."


Half of the ICO Money in Russia Went to Pyramids - https://news.bitcoin.com/half-of-the-ico-money-in-russia-went-to-pyramids/

Chase, thanks for sharing. Unfortunately, the state of confusion surrounding ICOs is a serious global problem, not limited to the Russian. I am coming across those challenges everyday - including professionals who should know better.

When the dust finally settled, many will understand why DNotes has been travelling down a uniquely different path than the rest of the industry.

ICOs will remain to be very damaging to our industry. Unfortunately, as long there is a high demand it will continue.

Reading through this article gives me an idea, because honestly I really don't like being barred from making some investments because I'm a non-accredited investor. At the same time, I recognize those limitations are meant to protect and having a certain income level or net worth is one way to prove that you have some financial know-how. My idea is that you have a system where accredited investor income or net worth levels can be waived by the applicant opting instead to complete and show proficiency in some financial literacy and investment courses. If you have very little income or net worth, then you might be required to complete more training before you can be considered "accredited." I know there isn't really a formal process by which one becomes an accredited investor, but I do know that companies seeking to raise funds have some responsibility in making sure their investors do have sufficient income and net worth before they sign the sale of stock contracts. It would be cool if they could also check for education levels and have some confidence that this lower middle class guy who wants to put in only $5,000 actually does know what he's doing and so it's really OK to give him a chance at the risk and the profits of being an early shareholder.

[wiser]

Without attempting to speak for everyone, we aren't exactly against ICO's, the proposition and value they can add to the world is quite amazing. With the right guidance in place, and if it can be done properly, we intend to incorporate ICO's into our model. With that said, many of the ICO's are just not doing things properly and with consumer protection in mind.

Technically speaking, an ICO simply means that your fundraising token happens to be on a block chain, and of course there is nothing wrong with that.

I think the fact that many of them are not being issued rightly speaks to the problems they are causing. People/entities love ICOs because they are easier to do than going through the rigmarole of registering and issuing a security, and apparently easier than crowdfunding as well. But therein lies the problem. Some of the "rigmarole" is actually very important for consumer protection. And if not required, people issuing ICOs may not take the time to figure out and voluntarily do all those consumer protection things. I'm not talking about the outright scams which intentionally defraud people, but more, those sincere ones which simply do not know what they're doing, quite frankly.

With that said, I'm not any more a fan of regulatory bureaucracy than anyone else. Ideally, the industry can self-regulate where it is considered right to check certain boxes when running your ICO, but we don't need the government necessarily to make sure that happens. I think the part in the DNotes Global plan where other companies can issue tokens on the DNotes block chain but only after being carefully vetted and selected by DNotes Global and then being mentored along in the process is one interesting way to make that happen.

[DNotes]

DNotes 2.0.1 Update -  Scheduled for Monday April 30th

All, we will be releasing an update scheduled for Monday, April 30th. We are removing transaction limitations for transactions that have more than 50 inputs into a single transaction as well as reduce the number of CRISP addresses processed during CRISP payout blocks. The limitation would cause transactions to be rejected by the network that require more than 50 inputs into a transaction. This would become an issue eventually for large volume users and those who are staking, forcing them to make smaller transactions.

What are inputs?
When we send DNotes to another address, we are technically spending previous unspent inputs of transactions on the blockchain that belong to the addresses in our wallet.

For example:
Jill and Tom each sent 50 DNotes to Mary.
Mary now has 100 DNotes, comprised of 2 unspent transaction inputs of 50.
Then Mary wants to send 25 DNotes to Bob.
When Mary sends 25 DNotes to Bob, the wallet figures out that it has to spend 1 of the 2 unspent transactions for 50 DNotes, sending 25 to Bob and 25 in change back to Mary's wallet.

What happens if a node doesn't upgrade?
Eventually that node will create its own fork on the network, incompatible with the rest of the network, by rejecting transactions that have over 50 inputs. That node can correct itself by upgrading at any point in time there after and updating the blockchain.

What are the potential risks?
Transactions created on a fork and not the main chain of the network would be invalid on the main blockchain.

How do I protect myself against this risk?
Once released, make sure you are using DNotes 2.0.1, which you will be able to check in the wallet by clicking Help then clicking About DNotes. That will ensure you are on the correct blockchain.

What is the upgrade process?
Once the new downloads are available, simply download the new wallet application. You will be able to use the new wallet as you would have previously.

I will post an announcement on DNotes website once we are ready with the new updated files. This notification is just to prepare everyone that it will be coming.

[Dyna]

Without attempting to speak for everyone, we aren't exactly against ICO's, the proposition and value they can add to the world is quite amazing. With the right guidance in place, and if it can be done properly, we intend to incorporate ICO's into our model. With that said, many of the ICO's are just not doing things properly and with consumer protection in mind.

Technically speaking, an ICO simply means that your fundraising token happens to be on a block chain, and of course there is nothing wrong with that.

I think the fact that many of them are not being issued rightly speaks to the problems they are causing. People/entities love ICOs because they are easier to do than going through the rigmarole of registering and issuing a security, and apparently easier than crowdfunding as well. But therein lies the problem. Some of the "rigmarole" is actually very important for consumer protection. And if not required, people issuing ICOs may not take the time to figure out and voluntarily do all those consumer protection things. I'm not talking about the outright scams which intentionally defraud people, but more, those sincere ones which simply do not know what they're doing, quite frankly.

With that said, I'm not any more a fan of regulatory bureaucracy than anyone else. Ideally, the industry can self-regulate where it is considered right to check certain boxes when running your ICO, but we don't need the government necessarily to make sure that happens. I think the part in the DNotes Global plan where other companies can issue tokens on the DNotes block chain but only after being carefully vetted and selected by DNotes Global and then being mentored along in the process is one interesting way to make that happen.

ICOs will continue to have serious issues with much confusion for some time. Meanwhile, there will always be people who are ready to exploit the situation. I did a quick read of the white paper. Another interesting idea, but few good ideas are worth more than the cost of a cup of coffee.    

[wiser]

ICOs will continue to have serious issues with much confusion for some time. Meanwhile, there will always be people who are ready to exploit the situation. I did a quick read of the white paper. Another interesting idea, but few good ideas are worth more than the cost of a cup of coffee.    

I probably have 3 or 4 good ideas every day. That should at least keep me stocked up on coffee, right?

[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 Current Total Coins / 525,600 * 0.02
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? (after April 16th)

A: Please fill out the following form: https://goo.gl/forms/EaoGpuXcz04C0KrS2

We will be performing post April 16th swap investigations beginning May 16th. Please do not send your DNotes anywhere after April 16th unless it is your own desktop wallet.

If you do happen to have pending withdrawals from the exchange to your DNotesVault HISTORIC accounts, please email us once the funds have been released. contact@dnotescoin.com


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 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 relisting DNotes 2.0 on May 12, 2018.

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!
We currently have Mac and Linux Mint Desktop wallets at DNotesCoin.com.

Q: Where is the block explorer?

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

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



Staking

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 get the most out of my staking efforts?

A: There is no trick to staking efficiently. The factors involved are your coin weight versus the network coin weight and coin weight is the number of coins currently staking. The age does not matter, nor does how you divide or move your coins around.

Q: How much can I earn staking?

A: That depends on how many coins you are staking and how many coins are being staked on the network. The blockchain distributes Current Total Coins / 525,600 * 0.02 every block, or every 60 seconds. You may calculate how often you are chosen to receive the block reward by dividing your network weight verse your weight. If network weight is 100, and your weight is 5, then you would be chosen for block reward 5 blocks out of every 100.



CRISP

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: 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.

DNotes 2.0.1 Update -  Scheduled for Monday April 30th

All, we will be releasing an update scheduled for Monday, April 30th. We are removing transaction limitations for transactions that have more than 50 inputs into a single transaction as well as reduce the number of CRISP addresses processed during CRISP payout blocks. The limitation would cause transactions to be rejected by the network that require more than 50 inputs into a transaction. This would become an issue eventually for large volume users and those who are staking, forcing them to make smaller transactions.

What are inputs?
When we send DNotes to another address, we are technically spending previous unspent inputs of transactions on the blockchain that belong to the addresses in our wallet.

For example:
Jill and Tom each sent 50 DNotes to Mary.
Mary now has 100 DNotes, comprised of 2 unspent transaction inputs of 50.
Then Mary wants to send 25 DNotes to Bob.
When Mary sends 25 DNotes to Bob, the wallet figures out that it has to spend 1 of the 2 unspent transactions for 50 DNotes, sending 25 to Bob and 25 in change back to Mary's wallet.

What happens if a node doesn't upgrade?
Eventually that node will create its own fork on the network, incompatible with the rest of the network, by rejecting transactions that have over 50 inputs. That node can correct itself by upgrading at any point in time there after and updating the blockchain.

What are the potential risks?
Transactions created on a fork and not the main chain of the network would be invalid on the main blockchain.

How do I protect myself against this risk?
Once released, make sure you are using DNotes 2.0.1, which you will be able to check in the wallet by clicking Help then clicking About DNotes. That will ensure you are on the correct blockchain.

What is the upgrade process?
Once the new downloads are available, simply download the new wallet application. You will be able to use the new wallet as you would have previously.

I will post an announcement on DNotes website once we are ready with the new updated files. This notification is just to prepare everyone that it will be coming.

[DNotes]

Please vote for DNotes on the CrytalDash exchange!

https://www.cryptaldash.com/new-coin-listing?ref=cnVlbAY29pbjk3MDkxMUBjcnlwdGFsZGFzaC5jb20bWluZG8

[TwoCorn]

With all the talk about the issues with ICOs, here's one that might be interesting to analyze for educational purposes. At first glance it looks like a competitor of DNotes Coin and DNotes Global.

I'd be genuinely curious to know what you guys think. I'm not asking about whether it would be a good investment (I have my own concerns). I'm thinking of it as a real world example. It's an ICO. There's a website, a whitepaper (that seems thorough), and a team that consists of people with some real world experience. What would be the things you would tell people to probe more deeply? Do you see any immediate red flags (I mean, besides that it's an ICO and we don't like ICOs around here)?

Here's the whitepaper: https://worbli.io/whitepaper/index.html

Edit: After reading this article about mini IPOs, I'm starting to realize that it's a lot less productive than I thought to analyze individual ICOs. Just one quick example. One of the documents you have to produce if you want to go the mini IPO route is two years of financial statements to show that your company already knows how to spend money wisely and use it to make more money. So this ICO wants to raise $47,000,000 all at once with no prior history as a company (hence no previous financial statements). Maybe it might be better for them to raise a small amount (like $100,000) through crowdfunding and then use those funds to build out the first pieces and kind of prove themselves that way. Funny how easy that is to miss. I'm sure there are other examples and maybe I'll write a Steemit piece about that, but honestly, just taking a few minutes to carefully read through the legal process, and suddenly all those questions you forget to ask of an ICO become glaringly obvious.

I just took a very superficial look at it. You mentioned a couple of the necessities of any project but here are a couple of other things I look for - they have no social media presence at all. No followers, no Tweets. In my opinion, it's never too soon to start building your follower base, even just one person at a time, even just beginning conversations with people. What are they waiting for?

They need some advisors, some people with global connections and big picture perspectives if they want to compete on a global scale. If they don't have any I wonder why not.

And they want to build on EOS? It's not even ready yet.

So, they want to raise $47 million with no proof that they can handle any amount of money at all, to build an ERC20 token that they will eventually turn into an EOS token (because EOS is currently an ERC20 token itself), assuming that EOS will work swimmingly when it comes out this summer. And then they can begin to build and market their product. That's a lot to ask for. But that's the environment we've been in. I would think there would be a different standard this year, but I'm afraid that a lot of new people are going to come into crypto this year and they're going to bring in last year's standards. It won't end well for many of them.

Sorry, I'm a little pessimistic. I look at coins, assets, and ICO's everyday and most don't meet basic business standards. And way too many are actual scams. I looked at one yesterday that wants to raise $200 million and they don't even have a website. Well, technically they did, it was a single blank white page with their logo on it. I guess they need some funds first to build it.

As a real world example, I usually ask if there are already other projects that are already doing any of the things they talk about and are maybe  much farther ahead of them. In this case, we can surely think of one!

[Dyna]

ICOs will continue to have serious issues with much confusion for some time. Meanwhile, there will always be people who are ready to exploit the situation. I did a quick read of the white paper. Another interesting idea, but few good ideas are worth more than the cost of a cup of coffee.    

I probably have 3 or 4 good ideas every day. That should at least keep me stocked up on coffee, right?

3 to 4 good ideas? For you, wiser, I will pay for your coffee and take care of the tips as well. Others, I am not so sure.

The point is - there is no shortage of good ideas. We can blow $100 million on a lot of good ideas we have and get now where. Some ICOs have already done just that.

DNotes is a great idea. To do things right it has taken us four years to reach this point. The amount of strategic planning and execution is quite astonishing. I would debate any Business School professor using DNotes as a live case study. It has a mix of everything as they apply to business principles. We manage DNotes as a business but do not control it as one.

[wiser]

With all the talk about the issues with ICOs, here's one that might be interesting to analyze for educational purposes. At first glance it looks like a competitor of DNotes Coin and DNotes Global.

I'd be genuinely curious to know what you guys think. I'm not asking about whether it would be a good investment (I have my own concerns). I'm thinking of it as a real world example. It's an ICO. There's a website, a whitepaper (that seems thorough), and a team that consists of people with some real world experience. What would be the things you would tell people to probe more deeply? Do you see any immediate red flags (I mean, besides that it's an ICO and we don't like ICOs around here)?

Here's the whitepaper: https://worbli.io/whitepaper/index.html

Edit: After reading this article about mini IPOs, I'm starting to realize that it's a lot less productive than I thought to analyze individual ICOs. Just one quick example. One of the documents you have to produce if you want to go the mini IPO route is two years of financial statements to show that your company already knows how to spend money wisely and use it to make more money. So this ICO wants to raise $47,000,000 all at once with no prior history as a company (hence no previous financial statements). Maybe it might be better for them to raise a small amount (like $100,000) through crowdfunding and then use those funds to build out the first pieces and kind of prove themselves that way. Funny how easy that is to miss. I'm sure there are other examples and maybe I'll write a Steemit piece about that, but honestly, just taking a few minutes to carefully read through the legal process, and suddenly all those questions you forget to ask of an ICO become glaringly obvious.

I just took a very superficial look at it. You mentioned a couple of the necessities of any project but here are a couple of other things I look for - they have no social media presence at all. No followers, no Tweets. In my opinion, it's never too soon to start building your follower base, even just one person at a time, even just beginning conversations with people. What are they waiting for?

They need some advisors, some people with global connections and big picture perspectives if they want to compete on a global scale. If they don't have any I wonder why not.

And they want to build on EOS? It's not even ready yet.

So, they want to raise $47 million with no proof that they can handle any amount of money at all, to build an ERC20 token that they will eventually turn into an EOS token (because EOS is currently an ERC20 token itself), assuming that EOS will work swimmingly when it comes out this summer. And then they can begin to build and market their product. That's a lot to ask for. But that's the environment we've been in. I would think there would be a different standard this year, but I'm afraid that a lot of new people are going to come into crypto this year and they're going to bring in last year's standards. It won't end well for many of them.

Sorry, I'm a little pessimistic. I look at coins, assets, and ICO's everyday and most don't meet basic business standards. And way too many are actual scams. I looked at one yesterday that wants to raise $200 million and they don't even have a website. Well, technically they did, it was a single blank white page with their logo on it. I guess they need some funds first to build it.

As a real world example, I usually ask if there are already other projects that are already doing any of the things they talk about and are maybe  much farther ahead of them. In this case, we can surely think of one!

Honestly, I did not know that EOS is itself an ERC20 token. I never bought EOS though I heard people saying good things about it. When the whitepaper said build on the EOS block chain I assumed there already is an EOS block chain and it just needs some tweaking to be available for other projects to build their own EOS block chains. I wanted to know why issue an ERC20 token now rather than wait until they could just start right off with an EOS token. It turns out that at this point there is no such thing, so they're building a technology on top of a technology that doesn't yet exist. Interesting.

As for asking if there are existing solutions, I can tell you that if you want to build your own block chain and its own token you can pretty much do that right out of the box with NEM (though it's not like I personally have tried). So, I guess I would have to question why pin so much on a yet nonexistent block chain.

Maybe this kind of discussion *is* productive. People like me who aren't as well versed in the tech often miss those details...

[DCEBrief]

Japanese Crypto Exchanges Unite to Create Self-Regulating Body

https://dcebrief.com/japanese-crypto-exchanges-unite-to-create-self-regulating-body/

[wiser]

I had a muse on Steemit that I think could be helpful so I'm sharing it here. It's my partial analysis of the whitepaper I shared earlier.

https://steemit.com/ico/@wiser/a-critical-look-at-an-ico-whitepaper

[gavrilo77]

What is the way to buy DNOTE now, when cryptopia closed the market?

[Dyna]

What is the way to buy DNOTE now, when cryptopia closed the market?

Unfortunately, DNotes is not available for trading until May 12, 2018 when Cryptopia resumes trading DNotes.