DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[DNotes]

Cryptopia Delisting for May 11th

Please be sure to remove your DNotes from Cryptopia by May 11th, when they will be delisting old DNotes.

You may send them to your DNotesVault.com HISTORIC account to participate in the coin swap and fill out the following form:
https://goo.gl/forms/MlbfqvAQilLglnHZ2

However, do not send DNotes that were mined or purchased on any exchange after April 16, 2018.

We will do everything we can to help everyone swap their old DNotes in good faith, but there will eventually be technical limitations if you do not control your own DNotes and they are left n exchanges.

[1715113062]

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[1715113062]

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[wiser]

That was a very straightforward wallet update. Thanks for making it easy

Glad to hear! It is a simple process.

After the update block it can get slightly more complicated, but still an easy process. Anyone who updates prior to Monday 8PM CST, doesn't have to worry about it though.

So I could have waited to do it today. I missed an exact time for the update block so I did it last night just to be sure. So I stayed up an extra three minutes past my bedtime for nothing LOL.

Banter aside, my point is that it's very easy to update the wallet because you download it in its already installed and ready to run form. That is a really nice feature, actually.

[TeeGee]

That was a very straightforward wallet update. Thanks for making it easy

Glad to hear! It is a simple process.

After the update block it can get slightly more complicated, but still an easy process. Anyone who updates prior to Monday 8PM CST, doesn't have to worry about it though.

So I could have waited to do it today. I missed an exact time for the update block so I did it last night just to be sure. So I stayed up an extra three minutes past my bedtime for nothing LOL.

Banter aside, my point is that it's very easy to update the wallet because you download it in its already installed and ready to run form. That is a really nice feature, actually.

Thanks Wiser. Our people are great and try to make everything as simple as possible for the user. Whether that be taking care of the swap process on behalf of the user, or by prioritising new features into DNotes that will make our users' lives easier - like automated invoicing, and the upcoming cold staking.

[DNotes]

https://dnotesglobal.com/2018/05/01/dnotes-global-ceo-alan-yong-discusses-white-paper-says-release-of-dnotes-2-0-marks-start-of-accelerated-push-for-mass-adoption-of-digital-currency/

[TeeGee]

Excellent work on the PR. All the bricks begin to fall into place one by one. I hope as many people as possible get to see our whitepaper before DNotes pushes through the industry.

[Dyna]

I am appalled that, despite repeated warnings from the SEC that coin tokens are securities when being sold as investment as in the case of all known ICOs in our industry, many are still aggressively promoting ICOs. Out of my 11,352 LinkedIn connections, I estimated that at least 2,000 of them are ICO experts/ advisors. I am constantly being approached by these experts who are clueless about Reg. A+ Mini-IPO or the legal issues confronting ICOs. I have never seen such an elevated level of misguided malpractice of professional “expertise”.

SEC Commissioner pointed out that “Investors are having a hard time telling the difference between investments and fraud,” This is very damaging to our industry and will hurt many retail investors hoping to catch a lucky break. I strongly encourage investors to do some deep research before investing.

Many are still not aware that DNotes does not support or promote ICOs as they stand. DNotes coin is not offered in any ICOs. It can only be purchased from a listed exchange – with Cryptopia starting on May 12th, 2018.

We are hopeful that as we get better established, and gained respect and credibility, we will have the opportunities to work with our law makers and regulators so that ICO can be an effective and viable tool in fund raising to advance capital formation. To that extent, I love the potential ICO has to offer as a funding vehicle. But to ensure consumer protection, it must be done within the framework of existing securities laws.

In the United States the sale of securities is illegal unless registered or exempt with the SEC. Meanwhile, enjoy the following article:

SEC Commissioner on Bitcoin: ‘That Space Is Full of Troubling Developments’
By POLINA MARINOVA

SEC Commissioner Robert Jackson has some strong opinions about cryptocurrency and initial coin offerings.

In a CNBC interview Monday morning, Jackson said his personal view on Bitcoin is that it’s a space “full of troubling developments.” He didn’t elaborate but said his concerns center more around initial coin offerings (ICOs), which are a mechanism for startups or online projects to raise money without selling stock or going to VCs.

“Investors are having a hard time telling the difference between investments and fraud,” he said.

The SEC has been cracking down on fraudulent ICOs in recent months. The agency has targeted ICOs they suspect are raising money for businesses that don’t even exist. It issued subpoenas to firms and individuals behind projects it believes are breaking the law.

“We’ve been doing a lot in the ICO space,” Jackson said. “[SEC] Chairman Jay Clayton has been very clear about this. He said he hasn’t seen an ICO yet that’s not a security. And I’m with him — I haven’t seen one of these yet that’s not a security.”

The cryptocurrency market is still in its “Wild West” phase as regulators try to figure out how to proceed. Clayton has previously said that the majority of ICOs should be registered with the agency because the coins trade on secondary markets like other securities the SEC regulates.

Fortune spoke with Blockchain Capital’s Bart Stephens recently, and he said there is still plenty of regulatory uncertainty when it comes to token issuance. “The SEC has told us a bunch of things that they don’t like, but what they haven’t really told market participants is what is allowable,” he said. “There’s a little bit of ongoing uncertainty, but it’s my hope that they are thoughtful and careful when making these decisions.”
A big part of the uncertainty comes from the fact that many regulatory agencies can’t decide exactly how to define (and in turn, regulate) cryptocurrencies such as Bitcoin. There’s been plenty of debate around whether cryptocurrency assets are commodities, currencies, or securities — and no one seems to be able to agree.

“We are right now focused on protecting investors who are getting hurt in this market,” Jackson said. “And down the road, I think we will be thinking about — I think we should be thinking about ways to make those investments work consistently with our securities law.”

Source: http://fortune.com/2018/04/30/sec-commissioner-bitcoin-fraud/

[DCEBrief]

SEC Commissioner: Regulators Could Eventually Be Open to Finding Legal Path for ICOs

https://dcebrief.com/sec-commissioner-regulators-could-eventually-be-open-to-finding-legal-path-for-icos/

[Dyna]

SEC Commissioner: Regulators Could Eventually Be Open to Finding Legal Path for ICOs

https://dcebrief.com/sec-commissioner-regulators-could-eventually-be-open-to-finding-legal-path-for-icos/

Excellent reporting, Ken.

DCEBrief and the entire DNotes team, including DNotesEDU, is committed to educating the public. We truly believe that digital currency coupled with its underpinning blockchain technology is a generational opportunity for everyone worldwide. It should not be squandered by a small minority for selfish gain at the cost of others’ hard-earned money. 

[Dyna]

Quote from wiser, “I actually have noticed in some of the ICOs I have come across, that they are raising funds for a company that doesn't exist. There might be a company entity registered, but no history of the executives having profitably worked together before.”

I can see that happening. Our industry is notorious for providing false information and claims because, in general, there have been little to no consequences for doing so. A light weight registration that can identify the people behind the project and how the funds are used is an effective way to start. People behave more responsibly when they know that they can be held responsible for bad behavior.

ICO is proven to be an efficient global crowdfunding program and the most promising tool in capital formation if done within the legal framework of existing laws. No doubt, existing laws are overly burdensome. But laws evolve and can be amended, changed, with new ones added.

I don’t like more rules and regulations. But I hate to see investors being scammed even more. So is there a happy medium that provides consumer protection without stifling innovation.  I believe so and suggest that we all unite and voice our opinion with constructive recommendations.   

[TeeGee]

Quote from wiser, “I actually have noticed in some of the ICOs I have come across, that they are raising funds for a company that doesn't exist. There might be a company entity registered, but no history of the executives having profitably worked together before.”

I can see that happening. Our industry is notorious for providing false information and claims because, in general, there have been little to no consequences for doing so. A light weight registration that can identify the people behind the project and how the funds are used is an effective way to start. People behave more responsibly when they know that they can be held responsible for bad behavior.

ICO is proven to be an efficient global crowdfunding program and the most promising tool in capital formation if done within the legal framework of existing laws. No doubt, existing laws are overly burdensome. But laws evolve and can be amended, changed, with new ones added.

I don’t like more rules and regulations. But I hate to see investors being scammed even more. So is there a happy medium that provides consumer protection without stifling innovation.  I believe so and suggest that we all unite and voice our opinion with constructive recommendations.   

I wholeheartedly support the mindful use of investor funds and accountability! I've yet to see any ICO project release financial statements that showed where their money went. I imagine for many, it went on marketing and exchange listing so they could create a casino coin that could one day get lucky on the open market.

Knowing who the people are behind a project, and that they have been successful in the past is a huge confidence boost. Another thing I think is super important is tokens have some type of fundamental value built into the coin. For this reason, I think DNotes has always had the right approach.

[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.

Download the DNotes v2.0.1 Updated Wallet

Release:
https://github.com/DNotesCoin/DNotes2.0/releases

Source:
https://github.com/DNotesCoin/DNotes2.0

Windows:
https://github.com/DNotesCoin/DNotes2.0/releases/download/v2.0.1.0/dnotes-qt.exe

Mac:
https://github.com/DNotesCoin/DNotes2.0/releases/download/v2.0.1.0/dnotes-qt.app.zip

If you have the previous version of the wallet, you can simply replace it with the new version from the download links.

Please be sure to update by Monday April 30th.

The process is simply downloading the wallet program, close the old wallet program and open the new one. You will probably want to delete any previous version of the wallet just to ensure you don't open it by accident.

You can verify at any time you are using the latest version by clicking Help, then About DNotes. It should show DNotes version v2.0.1.0.

Linux Mint and Ubuntu Desktop wallets available to download for v2.0.1:

http://dnotescoin.com/#download

Having an issue with the Mac Build, will have a solution shortly.

Mac build updated:

http://dnotescoin.com/#download

There are a handful of nodes who are still on v2.0.0.0. Please be sure to update.

[papachill]

I've skimmed the forum.....  This has probably been answered buy have not found it yet.  I just saw this notice.....  Seems like a short time frame for a swap....  I just got an address today from the vault and sent my coins from a local wallet.  Will my coins be swapped?

[DNotes]

I've skimmed the forum.....  This has probably been answered buy have not found it yet.  I just saw this notice.....  Seems like a short time frame for a swap....  I just got an address today from the vault and sent my coins from a local wallet.  Will my coins be swapped?

Hi papachill, yes absolutely. As long as they were not mined or purchased after April 16th.

Our next coin swap will begin May 16th.

Please also fill out this form:

https://goo.gl/forms/MlbfqvAQilLglnHZ2

[DNotes]

Cryptopia Delisting for May 11th

Please be sure to remove your DNotes from Cryptopia by May 11th, when they will be delisting old DNotes.

You may send them to your DNotesVault.com HISTORIC account to participate in the coin swap and fill out the following form:
https://goo.gl/forms/MlbfqvAQilLglnHZ2

However, do not send DNotes that were mined or purchased on any exchange after April 16, 2018.

We will do everything we can to help everyone swap their old DNotes in good faith, but there will eventually be technical limitations if you do not control your own DNotes and they are left n exchanges.

Swapping DNotes 1.x for 2.0 after April 16th, 2018

You can still swap your DNotes, as long as you haven't purchased them or mined them after April 16th.

Steps:
If you don't have one already, create an account at DNotesVault.com. When you login to your DNotesVault.com account, at the top you will see DASHBOARD, MY ACCOUNT, and HISTORIC. Click on the HISTORIC TAB. You can send to any of the addresses listed here or click CREATE ADDRESS if you don't already have one.
Then fill out this form
https://goo.gl/forms/MlbfqvAQilLglnHZ2

We will do everything we can to help everyone swap their old DNotes in good faith, but there will eventually be technical limitations if you do not control your own DNotes and they are left on exchanges.

The next swap will begin May 16th.

[Brandon Cheliak]

DNotes 2.0 trading is live on NLexch, and deposits are going through successfully https://www.nlexch.com/markets/notebtc

This exchange is good, and I wouldn't be surprised if it catches on very soon... It reminds me of Poloniex or Mintpal in their earlier days. The group behind NLexch has been involved in cryptocurrency for quite some time now, and the functionality of their exchange, as well as the security and screening procedures reflect that. They are projecting a willingness to follow sound business ethics, something that is rare in this industry and rather refreshing. They also list a phone number, how many other exchanges are willing do that?

If you have time, maybe head over to their bitcointalk thread to thank them for listing DNotes 2.0 so quickly https://bitcointalk.org/index.php?topic=1989001

[DNotes]

DNotes 2.0 trading is live on NLexch, and deposits are going through successfully https://www.nlexch.com/markets/notebtc

This exchange is good, and I wouldn't be surprised if it catches on very soon... It reminds me of Poloniex or Mintpal in their earlier days. The group behind NLexch has been involved in cryptocurrency for quite some time now, and the functionality of their exchange, as well as the security and screening procedures reflect that. They are projecting a willingness to follow sound business ethics, something that is rare in this industry and rather refreshing. They also list a phone number, how many other exchanges are willing do that?

If you have time, maybe head over to their bitcointalk thread to thank them for listing DNotes 2.0 so quickly https://bitcointalk.org/index.php?topic=1989001

Appreciate it Brandon! Amarian12 has been with us for a long time, from the very start of DNotes creating one of the first DNotes. Always responsive and helpful.

[DCEBrief]

CryptoUK Calls for Government Regulation of Cryptocurrency Industry

https://dcebrief.com/cryptouk-calls-for-government-regulation-of-cryptocurrency-industry/

[Dyna]

From DNotes Telegram Channel
May 1, 2018

Quote from wiser:

wiser, [01.05.18 15:09]
From Alan, "The problem is there's always a new lesson to learn." That is so true. Part of the bigger picture, then, is striving to create an environment where it's safe to learn, and where you can hold a certain level of ignorance and still be safe. That's where specialization and complex civilization comes in. At the end of the day, I may know many important things but there will always be important things I don't know, and I'm counting on others to have my back on those things. For example, this morning I drove on a road. I know very little about how to build a good and safe road. I'm counting on others to take care of that for me.

wiser, [01.05.18 15:14]
In the US we're pretty trusting. We expect people to do what they say they'll do, and we assume certain foundational things have taken place when certain claims are made. If I tell you I'm a business owner, you will assume certain things are true even if I didn't tell you, for example, that I pay taxes, that I'm licensed in my specialty if that's required. When I read an ICO whitepaper, I tend to make a lot of assumptions like that. I don't realize they are assumptions that need to be looked into. I'm learning to not make those assumptions.

wiser, [01.05.18 15:17]
However, Alan's point I think is that it really shouldn't always be wrong to make those assumptions. It shouldn't be a fault to basically trust people. I like living in a society where for the most part you can trust people to be decent. It would be awful to have to always be looking over my shoulder. But that is what the ICO craze is kind of doing.

wiser, [01.05.18 15:19]
Sure, you can always blame the victim for being too trusting, expecting too much that words put in writing are actually true, for not being cynical enough. But is that really the world we want, where only the least trusting will make it?

Quote from Alan Yong:

Wiser, thank you for some very thought provoking comments. May be our industry can use a whole lot more of that.

As an industry, we are guilty of following the crowd like mindless zombies. Why do we follow the crowd and not a trustworthy leader?

Are we too clueless, ill informed, too greedy, naïve, or too trusting? There is a touch of all that and more. And that makes us vulnerable to be easy targets of those who have no problems in taking advantage of others. Worse yet, such environment attracts and grooms scam artists. It gives our industry a bad name, slows down mass adoption, and increases the risk of aggressive law enforcement and over regulation. It is very damaging to our industry.   

“I may know many important things but there will always be important things I don't know, and I'm counting on others to have my back on those things”. (wiser)
That works in a situation where trust and respect can be taken for granted.

We cannot know it all. Those who tried ended up not being good at anything. In an environment where trust and respect are the norms, everyone thrives in building a unified single culture for mutual benefits. Trust is rewarded in such environment. In contrast, trust is abused and taken advantage of in an environment where self-interest and personal gain trumps regardless of others pain and loses.

I believe that we all will learn from painful and expensive lessons. When there are options and choices, majority of the people will settle with the best choice. DNotes is fully committed to be a viable choice, especially to those who place high value on trust. I also believe that we will eventually be rewarded by doing what is right and beneficial to our industry. When more investors begin to understand and appreciate the DNotes difference we will be valued relative to our industry peers. That may not be that far in the future.

[doraemon928]

I can't believe membership is free until the end of 2019! That will be very helpful to struggling businesses trying to get back on their feet. Even if the site content is still being worked on, they will still have access to a wealth of knowledge at no cost for the next 2 1/2 years

[DNotes]

I can't believe membership is free until the end of 2019! That will be very helpful to struggling businesses trying to get back on their feet. Even if the site content is still being worked on, they will still have access to a wealth of knowledge at no cost for the next 2 1/2 years

Welcome doraemon928, referring to the Four Pillars website? You are right, it is quite the wealth of information! Alan has an extensive knowledge of business and what it takes to becomes successful and truly wishes to help reverse the near epidemic rates of business failure we are seeing today.