DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[wiser]

I appreciated the read. I actually find comparisons with other coins helpful. The part that may be more difficult to sort out in judging other projects, though, is how much claimed development has actually taken place vs. how much is still basically an unfulfilled dream (aka hype). Alan Yong and DNotes tend to err on the side of understating, so hype is very low here. But when you start digging into all the various building blocks of what will soon be a thriving DNotes ecosystem, you start to feel like you won the lottery every time you are able to buy these coins at a few cents each. I'm going to be moving some BTC over to Cryptopia to get in on the action on Saturday. Hopefully the price stays organic and doesn't get overpumped by all the enthusiasm!

I asked this question a couple of months back and I wanted to share with you the answer that got me hooked on DNotes. They are professional and business oriented and will be leading the way in this industry real soon.

Enjoy!

If someone was to ask you what is the difference between you and Nano what would the answer be? Their slogan is:

Digital currency for the real world – the fast and free way to pay for everything in life.
Instant transactions Zero fees Infinitely scalable

I can see the obvious differences with the EDU, Vault, CRISP, etc. what I'm asking is deeper. You got Nano, Dash, Zcash, etc. all claiming to be internet money of the future.

What makes DNotes unique? and how does DNotes strive to gain the trust of the world when others are out there succeeding and thriving already?

These questions were brought to me at work by someone when I was talking about DNotes? My excitement with all that is coming up in the next couple of months was too much for him to bare. So he asked this question and said ask your people that.

He said what there needs to be is a crpytocurrency that will have a debit card available to the user that can be used anywhere and for anything, with the Crypto company that considers themselves money for the world to be able to instantly do the transaction and conversion to Fiat and deduct from your wallet or account so it can really be considered money for the world. He looked at DNotes website and said WOW a bank for cryptocurrency, at least that is what it looks like they are trying to do (saving, Investment, etc.). If DNotes doesn't get excepted around the world in the future then maybe he is on to something so the future on DNotes never dies it adapts to what the world will let it do within the regulations and the capabilities of modern technology.

I know you don't like to compare yourself with other coins, but it is unfortunately the situation we are all in. People want to know but are afraid to ask. Trying to find the right coin to invest in. Research in done but sometimes it's the words of the Dev and the founders that complete the deal. This guy has no coins at all but has a lot of questions like this. Very reluctant to invest. I have one coin, DNotes!!! So therefore I am reluctantly asking for him and will give him your answer. He is a good friend and I told him I would ask and am trying to help him with investing in his future. He looked up some coins and then hit me with this.  Thank you for assisting me with this. I think their might be a new customer soon after I provide your answer. Thank you.

Hey Chezzz, thanks for the great question!

To me, there are several key differences, mostly relating to project mission scope, business model, and business approach -- all factors that influence the success probability of bringing digital money into an everyday reality.

I'll use the three coins that you provided as examples:

Nano is a cryptocurrency that differentiates itself by claiming "infinite scalability" (by removing the blocksize, and organising the chain into a lattice structure). It's an interesting project (not dissimilar to IOTA), but it does not solve any computer science problem at this time. The Nano whitepaper acknowledges that the network could be hammered with spam transactions, and forced into centralization. Just like IOTA, Nano offers fast and free transactions, in exchange for risking security and decentralization (at least in the short-term). Nano is standalone software, and has no growth model based on reinvested profits.

Dash is also aiming to be a digital cash of the future, and it differentiates itself with a bunch of interesting features: (relatively) anonymous sending, instant sending (with fewer confirmations on the network), mobile wallet features, community voting for new upgrades, and even a few merchants etc. Some of these features will be implemented by DNotes. Dash is supported by a foundation that is funded by payments from the network itself (10% taxes on the network block reward), and the foundation distributes these funds to freelancers (and others) to assist with development. You can research yourself about the drama surrounding Dash's beginnings, and make a decision for yourself whether you would purchase a used car from them, regardless of how well their coin is doing now. This issue led to PIVX being created -- a clone of Dash, but without the 'contentious' beginnings.

Zcash is a third example of a digital cash, and they differentiate themselves by researching and implementing a privacy feature on their coin that is a dramatic improvement on that of Dash, and a huge contribution to the engineering / scientific community. Zcash is supported by a foundation, but 10% of the coins that are produced are to be taxed and given to their investors that funded the research on ZK-Snarks (privacy tech), carried out by Zcash. Essentially, users trade and build value into Zcash (which is also a private company that released a cryptocurrency), and the founders take 10% of all coins produced in the first 4 years. This has led other spinoff projects to copy Zcash's code, but release without the 10% founder reward.


All of the above coins want to be the cryptocurrency of the future, and all three of them are thriving in price much more than DNotes is right now -- they're also further along their 'core currency development' than we are. That said, they have a very different outlook than DNotes does in terms of how to actually achieve mass adoption. Because despite whatever the price of what each of those currencies may be, none of them are any further along in preparing for mainstream adoption than DNotes is.

DNotes is a digital cash that is supported by a wider integrated business ecosystem that helps to drive DNotes' value through shared equity between it and the currency, and usefulness where each business property in the ecosystem works in some way to integrate with the real world of commerce to gain mainstream adoption. These business properties may be news websites, secure online storage facilities, business books, business consulting services, crowdfunding, blockchain application that run on the DNotes blockchain, exchanges, fiat gateways, merchant banks, debit cards, insurance companies, internet companies, mobile products -- whatever makes sense for DNotes to integrate into its system to make work seamlessly with DNotes. DNotes is not JUST a digital currency, but a blockchain solution platform, and wide array of business entities that support the currency. The success of the ecosystem around DNotes, helps to build DNotes further by reinvesting profits earned through business activities.

This is all carried out with a particular business philosophy that ensures the maximum chance of success of reaching our goal of mass acceptance. To do the right things, the right way, at the right time -- because if anybody else had followed exactly this thus far, you'd already be able to easily use cryptocurrency at your nearest coffee shop; to build our ecosystem block-by-block in a structured manner (because there is no rush when being the best is what will ultimately make you the winner, and there is only so far you can go until you must deal with factors outside of your control); and to operate with trust and integrity -- which is truly unique in our industry. We do not pump and dump, we do not overpromise, nor make false claims. We make claims once our projects are "near completion", or "when we have it" -- which can be contrasted with just about any modern projects or ICO that you see where a ridiculous number of claims are posted all over the website regarding what differentiates the projects, but in reality all they are, are 'claims' that haven't even entered development stage, and won't be ready for 1-3 years. This is true of most major currencies. The true test is what is 'available' for use right at this minute, and not the claims posted all over their website. Hype is a major thing in the cryptocurrency industry. For example, there is a coin in the top 10 that is worth billions, which DNotes is building all the same stuff (and more), and will likely release most of it sooner, but alas, this is cryptocurrency - ICO hype can drive a lot of attention, but trading values are set by speculators, and are currently not at all indicative of thriving success at becoming a mainstream currency (otherwise that coin with no working product couldn't be worth billions).

Excellent, Tim. Very well said.

[DNotes]

DNotes 2.0.2 Release

https://github.com/DNotesCoin/DNotes2.0/releases/tag/2.0.2

This is an update to help with the performance of processing CRISP blocks and increase network timeouts to eliminate the recent issue with the first CRISP block and improve performance when updating the blockchain. This is not a required update, it does not require a fork or impact the network, and it is compatible with the previous 2.0.1 release.

Updating is easy, simply close and remove the old wallet (dnotes-qt.exe on windows or dnotes-qt on other operating systems) and download and open the new wallet from DNotesCoin.com.

The Windows, Mac, and Linux versions are all updated and available for download.

If you have any questions, please feel free to ask here, or send us an email at contact@dnotescoin.com.

Thank you!

[Amadeus82]

Whooo I'm just looking at the crypto markets, they are strongly in red today  Is that related to any bad news, because I did not find any

And more importantly...just one more day and DNotes will be listed on Cryptopia. I'm really curious what price will it reach Still, have no intention of selling mine   

[wiser]

Whooo I'm just looking at the crypto markets, they are strongly in red today  Is that related to any bad news, because I did not find any

And more importantly...just one more day and DNotes will be listed on Cryptopia. I'm really curious what price will it reach Still, have no intention of selling mine   

I hope someone wants to sell, as lots of folks here want to buy! I know I want to buy.

[Dyna]

Our industry is going through a bloodbath. This could be the worst that we have seen so far. We are now being painted with a very broad brush. Until the “good”, the “bad”, and the “ugly” are finally sorted out I would urge extremely caution. It is imperative to do your due diligence before investing.  I believe that, “all exchanges trading cryptocurrencies are under intense scrutiny for regulatory compliance”.

We have just been advised by Cryptopia that our listing on their exchange is delayed. Their lawyers are currently reviewing all new and current listings. They indicated that this will only take a few days.

Because we have publicly announced, with Cryptopia approval, the listing date of May 12th, 2018 I am obligated to make my response to Cryptopia public. I shall be doing so in a following post.

I am hopeful that my response will enable their legal team to reach a positive legal opinion promptly. While this is most disappointing, I trust that over the longer-term this could be advantageous to DNotes as the trusted digital currency committed to follow existing laws. 

[Dyna]

DNotes Listing Cryptopia Delayed:

Response to Cryptopia Exchange:

Hi Sam,

Your email has been directed to me to ensure that your lawyers reviewing our case for the listing of DNotes on Cryptopia received the most accurate and current information from the highest level of our organization. I am Alan Yong, one of the Co-Founders of DNotes and the CEO of DNotes Global, Inc.

As much as it is disappointing, I appreciate that you promptly advised us that the listing of DNotes on Cryptopia has been delayed. I understand that all exchanges trading cryptocurrencies are under intense scrutiny for regulatory compliance.

At issues, among others, is whether a coin listed on an unregulated exchange is a “token” or a “security”. From a legal prospective, a coin becomes a security token when it is utilized as a funding vehicle most commonly used in ICOs. In the process of using a token to raise capital, a change of state occurred – the status of a token becomes a security. There are no known exceptions.

Here is a prime example of a token: Bitcoin, while being labeled as a “token”, “commodity”, “property”, and more, has never been labeled as a “security”. This is because Bitcoin has never been used as an investment funding vehicle to raise capital. DNotes holds the same status as a token and not a security. DNotes has never been used or will ever be used as an investment funding vehicle to raise capital.

DNotes’ management and leadership are among the most committed to remain in compliance with all existing laws as we strive to build the most trusted brand for DNotes to gain mass adoption. We have devoted the last four years in building a fully integrated ecosystem that will help bridge the gap between the decentralized cryptocurrency world with current centralized systems. Everything will be done in full compliance with existing laws.

To accomplish our mission, we incorporated DNotes Global, Inc. in the state of Delaware on April 1st, 2016. It is also registered in the State of Illinois, USA. DNotes Global provides the leadership and management to assist DNotes, the digital currency, in gaining mass adoption. We manage DNotes as a business without controlling it as one. DNotes remains as a truly decentralized entity and not involved in any funding. As a group, we are not in favor of ICOs as they are structured and conducted today.

DNotes Global, without any participation of DNotes, is working on two rounds of funding – Reg. D 506 (c) to raise up to $5 million from accredited investors, and later this year; Reg. A+ Mini-IPO to raise up to $50 million from accredited and non-accredited investors worldwide. Both rounds will only proceed with necessary filings with the SEC.

I hope that this will assist your lawyers to promptly give Cryptopia an objective legal opinion. I believe that it is mutually beneficial to both Cryptopia and DNotes to list DNotes on your exchange without further delay. When the dust settled, there may not be many coins that qualify to remain as tokens that can be legally traded on unregulated exchanges.

Feel free to reach out to me anytime if I can be of further assistance. Otherwise, please continue to communicate with contact@Dnotescoin.com directly.

Yours sincerely,


Alan Yong
Co-Founder, DNotes
CEO, DNotes Global, Inc.

Related links:
https://finance.yahoo.com/news/dnotes-global-inc-ceo-alan-234500830.html

https://www.sec.gov/news/public-statement/enforcement-tm-statement-potentially-unlawful-online-platforms-trading

https://www.crowdfundinsider.com/2018/05/133054-what-crypto-start-ups-can-learn-from-the-dotcom-boom-and-bust/

[TeeGee]

All in all, we can take the good from cryptopia's decision. Many exchanges are beginning to clean up their shop. This is the flight towards quality that we have discussed many times. ICO tokens and currencies used to do unregulated equity raises are now under even closer scrutiny and are having their positions on exchanges put at risk. This will only act to prove DNotes' prudent strategy to comply with regulations, and take more traditional funding routes than its peers was the correct one. That alone will create a huge demand in due time for exchanges to want to list DNotes -- they may not have many options in the near future!

[DNotes]

DNotes Is Now Listed on BiteBTC.com!

https://bitebtc.com/trade/note_btc

[DCEBrief]

All in all, we can take the good from cryptopia's decision. Many exchanges are beginning to clean up their shop. This is the flight towards quality that we have discussed many times. ICO tokens and currencies used to do unregulated equity raises are now under even closer scrutiny and are having their positions on exchanges put at risk. This will only act to prove DNotes' prudent strategy to comply with regulations, and take more traditional funding routes than its peers was the correct one. That alone will create a huge demand in due time for exchanges to want to list DNotes -- they may not have many options in the near future!

This is certainly disappointing in the short-term, as I know that many in the community were excited about the planned listing. It is always somewhat frustrating when announced plans get changed, even when it happens due to unforeseen circumstances. From a long-term perspective, however, you're certainly right: this will end up being a good thing.

Alan is 100% correct in his assessment of the industry’s current state. Because there are some bad actors out there, everyone in the industry is being viewed with skepticism. Regulators appear to be intensifying their scrutiny of currencies, exchanges, and every other aspect of the digital currency revolution. From our point of view, that cannot be anything but a positive development.

It is an unarguably good thing that Cryptopia is adopting stricter self-regulation to ensure that it is listing only legitimate digital currencies. It is an unarguably good thing that DNotes gets an opportunity to demonstrate its legitimacy in this manner. And it is an unarguably good thing that DNotes stakeholders will be provided with this added assurance that they have put their trust in a project that goes the extra mile to prove its merit.

As Alan has repeatedly stressed, DNotes is committed to maintaining strict compliance with every law and regulation. The industry may currently seem like the Wild West of Hollywood movies, but those stories generally have heroes who adhere to a higher moral and legal code. DNotes is determined to fill that lead role, and this added scrutiny can help to shine a spotlight on that commitment.

[DNotes]

DNotes Is Now Listed on BiteBTC.com!

https://bitebtc.com/trade/note_btc

Please note BiteBTC has an approval process before allowing traders to trade on the exchange. We have not had the opportunity to test the basic functionality, withdrawals, deposits, and trading as of yet.

It will take a bit of time before people will be able to get signed up and start trading DNotes 2.0 there. Based on what I understand, it will take a couple days to a couple weeks.

[Dyna]

All in all, we can take the good from cryptopia's decision. Many exchanges are beginning to clean up their shop. This is the flight towards quality that we have discussed many times. ICO tokens and currencies used to do unregulated equity raises are now under even closer scrutiny and are having their positions on exchanges put at risk. This will only act to prove DNotes' prudent strategy to comply with regulations, and take more traditional funding routes than its peers was the correct one. That alone will create a huge demand in due time for exchanges to want to list DNotes -- they may not have many options in the near future!

This is certainly disappointing in the short-term, as I know that many in the community were excited about the planned listing. It is always somewhat frustrating when announced plans get changed, even when it happens due to unforeseen circumstances. From a long-term perspective, however, you're certainly right: this will end up being a good thing.

Alan is 100% correct in his assessment of the industry’s current state. Because there are some bad actors out there, everyone in the industry is being viewed with skepticism. Regulators appear to be intensifying their scrutiny of currencies, exchanges, and every other aspect of the digital currency revolution. From our point of view, that cannot be anything but a positive development.

It is an unarguably good thing that Cryptopia is adopting stricter self-regulation to ensure that it is listing only legitimate digital currencies. It is an unarguably good thing that DNotes gets an opportunity to demonstrate its legitimacy in this manner. And it is an unarguably good thing that DNotes stakeholders will be provided with this added assurance that they have put their trust in a project that goes the extra mile to prove its merit.

As Alan has repeatedly stressed, DNotes is committed to maintaining strict compliance with every law and regulation. The industry may currently seem like the Wild West of Hollywood movies, but those stories generally have heroes who adhere to a higher moral and legal code. DNotes is determined to fill that lead role, and this added scrutiny can help to shine a spotlight on that commitment.

Thank you for your thoughtful comments, Kent.

Frankly, our industry is conveniently blind but innocently confused. I am applauded by how many accomplished professionals have been perpetuating bad behaviors that are bluntly unacceptable and clearly unsustainable. Yes, since the beginning, we saw the day of reckoning coming and refused to join the party. I trust that this hardship will further differentiate DNotes from others.

This could help propel DNotes to a leadership position even sooner than I personally anticipated. Again, always do what it right and give it all you got to the benefits of everyone. We are consistent and verifiable. We must respect the rule of law and help to protect investors’ hard-earned money. Majority of us are struggling to make ends meet. I can’t to happier to see DNotes making a difference. Thank you all for making DNotes a success.

[DCEBrief]

UPbit Exchange Raided, Crypto Markets Reel

https://dcebrief.com/upbit-exchange-raided-crypto-markets-reel/

[The Chezzz]

All in all, we can take the good from cryptopia's decision. Many exchanges are beginning to clean up their shop. This is the flight towards quality that we have discussed many times. ICO tokens and currencies used to do unregulated equity raises are now under even closer scrutiny and are having their positions on exchanges put at risk. This will only act to prove DNotes' prudent strategy to comply with regulations, and take more traditional funding routes than its peers was the correct one. That alone will create a huge demand in due time for exchanges to want to list DNotes -- they may not have many options in the near future!

This is certainly disappointing in the short-term, as I know that many in the community were excited about the planned listing. It is always somewhat frustrating when announced plans get changed, even when it happens due to unforeseen circumstances. From a long-term perspective, however, you're certainly right: this will end up being a good thing.

Alan is 100% correct in his assessment of the industry’s current state. Because there are some bad actors out there, everyone in the industry is being viewed with skepticism. Regulators appear to be intensifying their scrutiny of currencies, exchanges, and every other aspect of the digital currency revolution. From our point of view, that cannot be anything but a positive development.

It is an unarguably good thing that Cryptopia is adopting stricter self-regulation to ensure that it is listing only legitimate digital currencies. It is an unarguably good thing that DNotes gets an opportunity to demonstrate its legitimacy in this manner. And it is an unarguably good thing that DNotes stakeholders will be provided with this added assurance that they have put their trust in a project that goes the extra mile to prove its merit.

As Alan has repeatedly stressed, DNotes is committed to maintaining strict compliance with every law and regulation. The industry may currently seem like the Wild West of Hollywood movies, but those stories generally have heroes who adhere to a higher moral and legal code. DNotes is determined to fill that lead role, and this added scrutiny can help to shine a spotlight on that commitment.

Thank you for your thoughtful comments, Kent.

Frankly, our industry is conveniently blind but innocently confused. I am applauded by how many accomplished professionals have been perpetuating bad behaviors that are bluntly unacceptable and clearly unsustainable. Yes, since the beginning, we saw the day of reckoning coming and refused to join the party. I trust that this hardship will further differentiate DNotes from others.

This could help propel DNotes to a leadership position even sooner than I personally anticipated. Again, always do what it right and give it all you got to the benefits of everyone. We are consistent and verifiable. We must respect the rule of law and help to protect investors’ hard-earned money. Majority of us are struggling to make ends meet. I can’t to happier to see DNotes making a difference. Thank you all for making DNotes a success.

I agree with all that this could be a good thing that we get put on hold until the market slows down and Cryptopia can complete their internal check. In the meantime advertising money can be put on hold until the launch also.

[DCEBrief]

DNotes Listing on Cryptopia Delayed as Exchange Conducts Review of All Listed Digital Currencies

https://dcebrief.com/dnotes-listing-on-cryptopia-delayed-as-exchange-conducts-review-of-all-listed-digital-currencies/

[DNotes]

Interview with Alan Yong on CVBT Audio

AUDIO: Entrepreneur says he has invented a better bitcoin mousetrap

• Alan Yong says he is building his new business on four pillars of success
• “We are right now witnessing the next greatest technology revolution”

https://soundcloud.com/cvbt-audio/alan-yong-interview

[mrbum805]

Interview with Alan Yong on CVBT Audio

AUDIO: Entrepreneur says he has invented a better bitcoin mousetrap

• Alan Yong says he is building his new business on four pillars of success
• “We are right now witnessing the next greatest technology revolution”

https://soundcloud.com/cvbt-audio/alan-yong-interview

That was a excellent podcast Alan!! I wanted to let you guys know the video has been removed on that link. I really hope MANY listen to it and spreed the wonderful advice and Dnotes itself!

thats unfortunate about Cryptopia but I truly believe it will prove more beneficial in the long run.

Great work you guys!! So cool to see the action unfolding after 4 years!!

[wiser]

Speaking of the Wild West of ICOs, I posted some questions I have about the Worbli ICO (the example I posted about here earlier). My comment got downvoted by Worbli. I don't want to read too much into it, but it seems to send the message that due diligence type of questions are not welcome. In the Steemit culture, downvoting is fairly rare so when it happens it stands out.

If I ran a project like that I would never want to do anything that could be interpreted as unwelcoming of due diligence. That just seems crazy.

I'm not offended by the downvote or anything. I just find it interesting...

[Dyna]

Speaking of the Wild West of ICOs, I posted some questions I have about the Worbli ICO (the example I posted about here earlier). My comment got downvoted by Worbli. I don't want to read too much into it, but it seems to send the message that due diligence type of questions are not welcome. In the Steemit culture, downvoting is fairly rare so when it happens it stands out.

If I ran a project like that I would never want to do anything that could be interpreted as unwelcoming of due diligence. That just seems crazy.

I'm not offended by the downvote or anything. I just find it interesting...

Wiser, I am sorry to hear that but not at all surprised. This gives us more reason to stay on course and continue to do the right thing.
 

[Dyna]

Interview with Alan Yong on CVBT Audio

AUDIO: Entrepreneur says he has invented a better bitcoin mousetrap

• Alan Yong says he is building his new business on four pillars of success
• “We are right now witnessing the next greatest technology revolution”

https://soundcloud.com/cvbt-audio/alan-yong-interview

That was a excellent podcast Alan!! I wanted to let you guys know the video has been removed on that link. I really hope MANY listen to it and spreed the wonderful advice and Dnotes itself!

thats unfortunate about Cryptopia but I truly believe it will prove more beneficial in the long run.

Great work you guys!! So cool to see the action unfolding after 4 years!!

Thank you, mrbum805. I have been doing a few podcast interviews every week and they keep coming in. It's quite demanding and taking up a lot of my time. The interviews are totally unscripted and I have no idea what to expect each time. This is not something I love doing. But for DNotes I will do what it takes to get the words out.

[Member Hero]

I'm not involved in Bitcoin and cryptocurrency but was referred to DNotes in regards to your venture capital program where you help companies raise up to 3 million dollars through legal fundraising. The ICO route currently seems very risky, if not outright illegal, but you list on the white paper that DNotes will be facilitating ICO's. What might that look like, and will there be investor protections?

Will DNotes Consulting and Venture Capital be focused on funding for cryptocurrency based businesses only, or can unrelated businesses participate also?