DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[TeeGee]

Law Firm Report: Tether USD Reserves Exceed Balance of Tethers in Circulation

https://dcebrief.com/law-firm-report-tether-usd-reserves-exceed-balance-of-tethers-in-circulation/

I have little doubt that Tether is fully backed 1 to 1 by USD reserves. The elephant in the room question, though, is where is the USD to back it coming from?

Wiser, each Tether is equal in value to US$1. Every Tether issued must have an equal corresponding reserve. If there is 1 million Tether in circulation there must be $1 million in reserve. Any discrepancy is a cause for concern.

I understand the $1 to 1 Tether deal. There was some concern that maybe there were not enough fiat reserves to cover the amount of new Tether being put into circulation. Further investigation indicates that there are indeed plenty of fiat reserves to cover the Tether. However, the part that is not clear is just how much of those fiat reserves came from investors buying into Tether, and how much is from a completely different source. It's all speculation of course, but there appears to be at least some circumstantial evidence that the source of some of those fiat reserves may be from various forms of illegal activity. That's what I mean by the elephant in the room.

https://medium.com/thedailydose/uncovering-the-real-cartel-in-bitcoin-65b56a7a00a2

I've been asking myself the same questions Wiser. If/when they are audited it will be interesting to see how much of Tether's balance came from purchases directly in fiat, and how much came as a result of them selling off Bitcoin. I'm assuming since their reserves exceed the amount of Tether issued, they made capital gains somewhere along the way (likely when Bitcoin ran up to 20,000 after Tether increased their supply from 400m to 2b+ in a very short time). If that massive new incoming supply of USDT drove the price of Bitcoin up (which circumstantial evidence would suggest is very likely), they could be investigated for market manipulation.

This really brings us back to the entire reason why DNotes sees itself as holding a significant competitive advantage -- we have built our brand around being trustworthy and gaining value by driving forward our purposeful mission, rather than aiming for rapid and unexplained ascension.

I expect to see many investigations into crypto -- not just into exchanges and the like, but also can see governments using exchange data as a proxy excuse to get hold of individual transaction records for tax purposes. Interestingly, many large holders may well be manipulating the markets (especially those that bet on the Bitcoin futures markets), but by and large they may not be doing anything illegal, just doing what many others do on a much larger scale. It's somewhat of a double-edged sword when it comes to checking exchange data -- privacy, or making sure nobody is messing with the markets illegally?

[TeeGee]

New Tutorial video

If anybody has wanted to know how to install, encrypt, stake with, pay, and create invoices using the DNotes QT wallet, I have created an instructional video to make learning the new DNotes 2.0 wallet easier to understand.

https://www.youtube.com/watch?v=QUlqLPzDtJA&feature=youtu.be

[DNotes]

https://dnotescoin.com/dnotes-global-inc-introduces-electrum-dnotes-wallet/

[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: http://dnotescoin.com/#Download
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: The DNotes coin swap process will now be done through a private fork of the legacy DNotes blockchain. We have created this fork to ensure that legacy DNotes holders are still able to swap their legacy DNotes for DNotes 2.0 long after the deadline, in the event they missed the swap. This also ensures we will not be accepting newly purchased or mined DNotes, protecting our users and network.

In order to swap your coins, you will need the following DNotes v1.3 wallet, which you can download here:
http://dnotescoin.com/DNotes/dnotes-qt1-3.zip
You will need to copy your wallet.dat or wallet backup file to C:\Users\USERNAME\AppData\Roaming\DNotes1-3 directory, open the wallet application and allow it to update.
Next, you will need an address to send your legacy DNotes in to for the coin swap, you can generate a legacy address with the following instructions:
Create a DNotesVault.com account if you don’t already have one.
Login to your DNotesVault.com account, and click the HISTORIC tab at the top.
Click Create Address, and send your DNotes to the address you just created.

Coin swaps will be processed once a month until further notice.

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

A: We have set April 16th 2018 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: Will DNotes 2.0 be listed on new exchanges?

We are currently listed on:
https://mercatox.com/exchange/NOTE/BTC
https://stocks.exchange/trade/NOTE/BTC
https://www.nlexch.com/markets/notebtc
https://bitebtc.com/trade/note_btc

We are actively working with and in active communication:
https://www.coinexchange.io
These two exchanges are established and currently trading. We are hoping to reach an agreement soon so that DNotes can be listed shortly.

Beta or Future Exchanges we are working with:
https://www.cryptaldash.com/
https://www.listex.io/
https://blockbid.io/
https://shardax.com/

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 Mac or Specific Linux OS, will there be wallets for these?  

A: Yes!
We currently have Windows / Mac / Linux Mint / Ubuntu Desktop wallets at DNotesCoin.com. If you need something else, please let us know.

Q: Where is the block explorer?

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


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:

May 1 - Ends first CRISP period.
May 8 - Payout starts. (Virtually no one will receive this payout)
June 2 - Ends second CRISP period
June 10 - 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]

Wondering what DNotes is all about? Here’s the basics:

What is DNotes?
•   DNotes is a digital currency with a purpose: to serve as a real currency that people can use in their daily lives - unlike other digital currencies that focus on solving niche problems, with no plan to become a real, usable currency.
•   The DNotes goal is simple: achieve mass adoption and become the world’s first accessible, inclusive, and financially empowering digital currency that benefits everyone around the globe.

What are DNotes’ Benefits as a Currency?
•   DNotes is managed as a business – but not controlled as one.
•   DNotes success is driven by a profit-generating company, DNotes Global, created to promote mass adoption, protect the currency, and ensure sustainable growth.
•   DNotes’ unique CRISP savings program rewards DNotes owners with 0.5% interest, every month
•   DNotes offers staking rewards for stakeholders – at 2% a year.
•   DNotes provides blockchain invoicing features to simplify merchant acceptance and adoption of the digital currency.

What Benefits Does DNotes Global Provide?
DNotes Global protects DNotes and its stakeholders, promotes mass adoption, and creates value and utility for the digital currency, including a fully integrated ecosystem.
The company provides a unique cross-ownership model, with DNotes owning 25% of DNotes Global (pre-dilution), while the for-profit business maintains a stake in the digital currency.
DNotes Global generates profit, creating intrinsic value for the DNotes currency to help create a “floor” for the digital currency’s value.
DNotes Global has plans to build a long-term competitive advantage by offering services that utilize DNotes. That strategy will also help to facilitate awareness and adoption of the DNotes currency.
Long term competitive advantage DNotes Global will provide in offering services that utilize DNotes.

What’s Next?
Fully compliant Reg D 506 (c) crowdfunding followed by a Reg A+ Mini-IPO.
DNotes Payment Solution Integration into Existing eCommerce Platforms
Cold Staking Implementation & More

Where can I learn more?  
Pitch Deck - https://dnotesglobal.com/PitchDeck.pptx
Pitch Deck Video - https://www.youtube.com/watch?v=XculeWKdbbE
White Paper - https://dnotesglobal.com/white-paper/
Website - http://dnotescoin.com/
Blog - http://dnotescoin.com/blog-main-hub/

[wiser]

This really brings us back to the entire reason why DNotes sees itself as holding a significant competitive advantage -- we have built our brand around being trustworthy and gaining value by driving forward our purposeful mission, rather than aiming for rapid and unexplained ascension.

I expect to see many investigations into crypto -- not just into exchanges and the like, but also can see governments using exchange data as a proxy excuse to get hold of individual transaction records for tax purposes. Interestingly, many large holders may well be manipulating the markets (especially those that bet on the Bitcoin futures markets), but by and large they may not be doing anything illegal, just doing what many others do on a much larger scale. It's somewhat of a double-edged sword when it comes to checking exchange data -- privacy, or making sure nobody is messing with the markets illegally?

I'm definitely coming to appreciate more and more the value of DNotes' brand. I suppose large holders could be inadvertently involved in market manipulation, especially if they are following similar trading strategies to the deliberate market manipulators. The part I hate is the feeling that you almost have to be a bit of a market manipulator yourself (or at least understand what's going on so you can be quick to take advantage of it for gains) in order to do well in this space.

What I really like about DNotes is that I can accumulate some now and then simply enjoy steady gains as the coin and company grow. If a year or two down the road I choose to sell some of them and take those profits, the individuals buying what I sell will also be just as likely to enjoy profits of their own a year or two later for the same reason. So in this way, it's not trying to sell to the next sucker, but rather, sell to someone who may be at a different stage in their economic growth, but the transaction will be a clear win for all concerned.

[DCEBrief]

Ethics Committee: U.S House Reps Required to Disclose Crypto Holdings

https://dcebrief.com/ethics-committee-u-s-house-reps-required-to-disclose-crypto-holdings/

[DCEBrief]

Law Firm Report: Tether USD Reserves Exceed Balance of Tethers in Circulation

https://dcebrief.com/law-firm-report-tether-usd-reserves-exceed-balance-of-tethers-in-circulation/

I have little doubt that Tether is fully backed 1 to 1 by USD reserves. The elephant in the room question, though, is where is the USD to back it coming from?

Wiser, each Tether is equal in value to US$1. Every Tether issued must have an equal corresponding reserve. If there is 1 million Tether in circulation there must be $1 million in reserve. Any discrepancy is a cause for concern.

I understand the $1 to 1 Tether deal. There was some concern that maybe there were not enough fiat reserves to cover the amount of new Tether being put into circulation. Further investigation indicates that there are indeed plenty of fiat reserves to cover the Tether. However, the part that is not clear is just how much of those fiat reserves came from investors buying into Tether, and how much is from a completely different source. It's all speculation of course, but there appears to be at least some circumstantial evidence that the source of some of those fiat reserves may be from various forms of illegal activity. That's what I mean by the elephant in the room.

https://medium.com/thedailydose/uncovering-the-real-cartel-in-bitcoin-65b56a7a00a2

I agree with your concerns, wiser. Tether has been less than transparent for some time now, and there were some outside observers questioning whether it had the reserves to fully back up its 1:1 claim. The law firm report is an attempt to put those questions to rest, but it does nothing to address the other equally important concerns about where the money comes from and how Tether may have been used to manipulate the market. FSS even noted as much when it said that their report was not making a judgment about any potential legal concerns. You're correct: there are still elephants lurking in that room. We'll no doubt learn more in the weeks and months to come.

[TeeGee]

This really brings us back to the entire reason why DNotes sees itself as holding a significant competitive advantage -- we have built our brand around being trustworthy and gaining value by driving forward our purposeful mission, rather than aiming for rapid and unexplained ascension.

I expect to see many investigations into crypto -- not just into exchanges and the like, but also can see governments using exchange data as a proxy excuse to get hold of individual transaction records for tax purposes. Interestingly, many large holders may well be manipulating the markets (especially those that bet on the Bitcoin futures markets), but by and large they may not be doing anything illegal, just doing what many others do on a much larger scale. It's somewhat of a double-edged sword when it comes to checking exchange data -- privacy, or making sure nobody is messing with the markets illegally?

I'm definitely coming to appreciate more and more the value of DNotes' brand. I suppose large holders could be inadvertently involved in market manipulation, especially if they are following similar trading strategies to the deliberate market manipulators. The part I hate is the feeling that you almost have to be a bit of a market manipulator yourself (or at least understand what's going on so you can be quick to take advantage of it for gains) in order to do well in this space.

What I really like about DNotes is that I can accumulate some now and then simply enjoy steady gains as the coin and company grow. If a year or two down the road I choose to sell some of them and take those profits, the individuals buying what I sell will also be just as likely to enjoy profits of their own a year or two later for the same reason. So in this way, it's not trying to sell to the next sucker, but rather, sell to someone who may be at a different stage in their economic growth, but the transaction will be a clear win for all concerned.

That's the beauty of our ecosystem design too -- it actively works to build and support the value of the currency itself. That means that there is also much less reason for you to want to sell in the first place, and it mean it will matter much less to users when they decide to cash in on some of their DNotes as there won't be as much perceived risk to waiting several weeks, or even months compared to today. Currently the general system sees people dashing to sell their crypto whenever they think the market is about to turn because everybody knows nothing fundamental is holding prices up and the rises are unsustainable. People clamour over one another to catch the upwards and downwards spikes. This rewards those who pay the most attention to the markets. The entire point of our ecosystem design is to make crypto less speculative, and more 'value-driven' to combat this trend and to work towards more sustainable growth.

[TeeGee]

New Tutorial Video

I have uploaded another tutorial video to our youtube channel. This time I covered how to download, install, pay with, and create a seed / passphrase and use it to access the electrum wallet.

Check it out here:

https://www.youtube.com/watch?v=D4Desgtrwjg&t=

[DNotes]

"If you are serious about succeeding in your business or thinking of starting a new business - read this article a few times. Business failure is stressful, painful, and costly. Yet 80% of business failed in the first 10 years. I am passionately committed to help reverse that. Focus on all things that matter and you will greatly improve your chances of success."

https://articles.bplans.com/the-4-corners-of-a-storm-proof-startup-strategy/

[DNotes]

https://dnotescoin.com/dnotes-global-inc-introduces-electrum-dnotes-wallet/

[Dyna]

This project is one of the most promising projects. There is a prospect for the growth of the project in the present and future. Moving in this direction the project team, administration and investors undoubtedly expects success. Good  lock

Thank you for your kind comments, Maian. We are very passionate and deeply committed to use digital currency and its underpinning blockchain technology to help change the world a little for the better. This is a generational opportunity for a trusted team to be inclusive of everyone’s participation worldwide so that no one would be left behind, irrespective of their financial standing – poor or rich.

 That is where we draw our inspiration from. It is not just for us but for all of us. We work hard and relentlessly committed to the benefits of everyone.

This is a Big Bold project of global scale and there are many big problems that must be solved before any of the cryptocurrency in our industry can gain mass acceptance. It cannot be accomplished in a short period of time with simplistic and wishful projects for personal gain.

We are mindful that DNotes is a very complex project with many different parts that must involve business and consumers, male and female, the poor and the rich. We believe that ultimately most of the transactions of DNotes will made directly between two parties without the need for any central authority at nearly zero fees and completed almost instantaneously, anywhere worldwide with an Internet connection. 

On the technology side, we focus on developing useful and user-friendly applications that will benefit DNotes users and stakeholders. Uniquely different are DNotesVault, CRISP reward, cold-staking, Dnotes Electrum Wallet, invoice tracking and payment systems to mention a few already successfully launched or in the works. They are all a part of our master plan to build DNotes as the inclusive trusted digital currency to supplement fiat currency in global commerce.

My book, “Improve Your Odds – The Four Pillars of Business Success” and the many articles that I have written will serve as our blueprint for business success as well as our foot into the corporate world.

I hope that this provide some insights as to why DNotes is so different from our industry peers and the important roles my book plays.

[DCEBrief]

Mt. Gox Bankruptcy Halted, Civil Rehabilitation Proceedings Begin

https://dcebrief.com/mt-gox-bankruptcy-halted-civil-rehabilitation-proceedings-begin/

[Amadeus82]

This really brings us back to the entire reason why DNotes sees itself as holding a significant competitive advantage -- we have built our brand around being trustworthy and gaining value by driving forward our purposeful mission, rather than aiming for rapid and unexplained ascension.

I expect to see many investigations into crypto -- not just into exchanges and the like, but also can see governments using exchange data as a proxy excuse to get hold of individual transaction records for tax purposes. Interestingly, many large holders may well be manipulating the markets (especially those that bet on the Bitcoin futures markets), but by and large they may not be doing anything illegal, just doing what many others do on a much larger scale. It's somewhat of a double-edged sword when it comes to checking exchange data -- privacy, or making sure nobody is messing with the markets illegally?

I'm definitely coming to appreciate more and more the value of DNotes' brand. I suppose large holders could be inadvertently involved in market manipulation, especially if they are following similar trading strategies to the deliberate market manipulators. The part I hate is the feeling that you almost have to be a bit of a market manipulator yourself (or at least understand what's going on so you can be quick to take advantage of it for gains) in order to do well in this space.

What I really like about DNotes is that I can accumulate some now and then simply enjoy steady gains as the coin and company grow. If a year or two down the road I choose to sell some of them and take those profits, the individuals buying what I sell will also be just as likely to enjoy profits of their own a year or two later for the same reason. So in this way, it's not trying to sell to the next sucker, but rather, sell to someone who may be at a different stage in their economic growth, but the transaction will be a clear win for all concerned.

Dear Wiser, wery well said. I feel the same way. I believe in the steady growth of DNotes, as will the ecosystem grow, so will steadily grow the value of the coin.

I'm just sorry that my budget does not allow me to buy even more of DNotes at this stage

[bitcoinmarketshare]

Great video, thanks!

New Tutorial Video

I have uploaded another tutorial video to our youtube channel. This time I covered how to download, install, pay with, and create a seed / passphrase and use it to access the electrum wallet.

Check it out here:

https://www.youtube.com/watch?v=D4Desgtrwjg&t=

[wiser]

Dear Wiser, wery well said. I feel the same way. I believe in the steady growth of DNotes, as will the ecosystem grow, so will steadily grow the value of the coin.

I'm just sorry that my budget does not allow me to buy even more of DNotes at this stage

Not to argue with you about your budget (something only you know), but DNotes is at the stage where you can still accumulate a significant amount by making fairly small sacrifices. For example, do you buy specialty coffee or eat out on a regular basis? If so, you could give that up for a time and buy more DNotes instead.

Just as an example, let's say you eat out once a week and spend $25 on your meal. With DNotes being valued on the exchanges at around 3 cents, if you ate at home and spent that money on DNotes instead, you would be able to purchase right around 825 DNotes. If you are used to buying a specialty coffee or other treat once a week for around $4, but opted to sacrifice the treat to buy DNotes instead, you could snag another 130 or so DNotes. If you do this for several weeks, you could buy those amounts each time.

It might not seem like much, but if the DNotes price goes up to just $1 apiece, something that would be on the low end of what is considered realistic based on other projects and their marketcaps, those small purchases become even more significant (and could easily buy you all the meals out and treats you could want in the future).

I just wanted to throw that out there, just in case you're like me, who tends to think an investment is worthwhile if it's BIG, and forgets that a little bit over a long period of time can also make a huge difference down the road.

[DNotes]

I think this becomes great, because all your previous work is tremendous and will get honored for sure.

Welcome aenin2764, thank you for your comments. DNotes is taking a different path. It is a more difficult road to travel, full of obstacles, but the only road that leads to long term success and making DNotes a truly inclusive digital currency for the benefit of everyone.

[MECHETO]

Hello dnotes how long is need to withdrall from dnotes vaut? Im wayting more then 24 hours...
Is there any problem?

[wiser]

Hello dnotes how long is need to withdrall from dnotes vaut? Im wayting more then 24 hours...
Is there any problem?
[/quote

It can take up to 48 hours. In order to make DNotes Vault the most secure place to store your DNotes, it needs to take longer for withdrawals. Depending on how much you're trying to withdraw, you may also need to confirm your withdrawal by email.