DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[Brandon Cheliak]

I've thinking lately about how many people have contributed to the innovation of DNotes, but do not hold DNotes themselves. Even before DNotes existed these developers spent countless hours pioneering the software that DNotes evolved from, but in all likelihood the majority of them own no DNotes themselves. What does the community think about setting up a "DNotes Pioneer Fund" - a donation based fund (maybe held in trust by DNotes global) to compensate those who have made contributions https://github.com/DNotesCoin/DNotes2.0/graphs/contributors

[DNotes]

DNotesVault deposits are offline temporarily while we run a few upgrades in the background.

[TeeGee]

I've thinking lately about how many people have contributed to the innovation of DNotes, but do not hold DNotes themselves. Even before DNotes existed these developers spent countless hours pioneering the software that DNotes evolved from, but in all likelihood the majority of them own no DNotes themselves. What does the community think about setting up a "DNotes Pioneer Fund" - a donation based fund (maybe held in trust by DNotes global) to compensate those who have made contributions https://github.com/DNotesCoin/DNotes2.0/graphs/contributors

I would imagine most of those people held sizeable amounts of the currency that they were working on at the time, though I do see value in trying to get some DNotes in to their hands -- one to reward them, but two because many of those developers are movers and shakers in the industry, and it could be well worthwhile getting them familiar with who DNotes are by showing gratitude for their contributions to the crypto community.

[DNotes]

I've thinking lately about how many people have contributed to the innovation of DNotes, but do not hold DNotes themselves. Even before DNotes existed these developers spent countless hours pioneering the software that DNotes evolved from, but in all likelihood the majority of them own no DNotes themselves. What does the community think about setting up a "DNotes Pioneer Fund" - a donation based fund (maybe held in trust by DNotes global) to compensate those who have made contributions https://github.com/DNotesCoin/DNotes2.0/graphs/contributors

We always like to reward contributors to DNotes success as well as mindful of investors and the impact our actions have on them. As of right now our plates are overflowing, but eventually I think it would be a good idea to reach out to these people, gauge their interest before committing.

[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

Beta or Future Exchanges we are working with:
https://listex.io/
https://blockbid.io/

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: http://dnotescoin.com/#Download

Install the wallet (and we recommend creating a backup, after encrypting your wallet)
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.
   
Video: https://youtu.be/bR66LWPRzAU

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/

[tuhan123]

I'm really enjoying the content you guys are putting out at DNotesEdu. I have submitted the request to add Mercatox and Stocks Exchange trading pairs to Coin Market Cap. It is important that we have sustainable volume as well.

[DNotes]

Alan has been featured on the cover of The Smart Manager magazine.

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

Agreed great job on the recent videos Tim!

How To Purchase Bitcoin & DNotes - Mercatox Exchange



https://www.youtube.com/watch?v=N4THrI0CC2Q

How To Install, Pay & Stake Using The DNotes QT Wallet.



https://www.youtube.com/watch?v=bR66LWPRzAU

How To Install & Use DNotes Electrum Wallet



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

https://btc-feed.jp/posts/1268

[DNotes]

I'm really enjoying the content you guys are putting out at DNotesEdu. I have submitted the request to add Mercatox and Stocks Exchange trading pairs to Coin Market Cap. It is important that we have sustainable volume as well.

Welcome tuhan123, greatly appreciated. We are still ramping back up after the swap and all the recent changes. I would predict that our volume will grow rather quickly.

[TeeGee]

Hey Tuhan123, welcome to our forum.

I second DNotes's statement. We expect volume will begin to rise especially in line with our Reg D & Reg A+ M-IPO offerings beginning in but a matter of days / week(s). There will be a lot more attention on DNotes, who we are, and what we plan to do.

Hopefully coinmarketcap will list us again soon.

[DNotesEDU]

I'm really enjoying the content you guys are putting out at DNotesEdu. I have submitted the request to add Mercatox and Stocks Exchange trading pairs to Coin Market Cap. It is important that we have sustainable volume as well.

Thank you very much for the compliment tuhan123. The DNotes team and community have always put educating others high on the priority list - even before DNotesEDU started up in 2015.

[DNotes]

DNotesVault deposits are offline temporarily while we run a few upgrades in the background.

DNotesVault deposits are back online now.

[wiser]

Will Cryptocurrency's Great Recession Turn into A Depression?

https://dcebrief.com/will-cryptocurrencys-great-recession-turn-into-a-depression/

That article was very thought provoking. The part that sticks with me most is where it says easy money tends to breed helplessness and dependency. That's an interesting paradox. The article is referring to all those project leaders who didn't spend all their ICO money wisely and as a result didn't really create any truly innovative product, and yet all the people who bought into their ICO are dependent on them.

My personal experience with easy money breeding helplessness was watching the markets go way up in January, and thinking, finally, the real worth of cryptocurrency is being recognized, but also thinking it was happening way too fast to be real. Then it started to fall, and each month that it declined you kind of wish you'd sold out the previous month but didn't want to sell out this month because you hoped it would rise.

I didn't have much invested in a coin that had a meteoric rise so I got lucky, and had already made back way more than my initial investment. Still, I really hated the feeling of having this wealth on paper that I was completely not in control of. It was all about the price. And then I recently found out that the rise wasn't even real, in the sense that it was the result of market manipulation. I definitely prefer to be a part of a project where the impact of speculation and market manipulation on the price is a much smaller part of the picture. I know that will always be part of it, but there has got to be something more solid, or like the article said, few investors really break even, let alone make money.

I agree that recession is helping to reveal true colors much sooner. We've already had some exposee type articles about the market manipulation, the Bitcoin cartel, etc. And we're finding out about all kinds of projects that are at best not ready for the big time yet but have a lot of money into them already.

[wiser]

I've thinking lately about how many people have contributed to the innovation of DNotes, but do not hold DNotes themselves. Even before DNotes existed these developers spent countless hours pioneering the software that DNotes evolved from, but in all likelihood the majority of them own no DNotes themselves. What does the community think about setting up a "DNotes Pioneer Fund" - a donation based fund (maybe held in trust by DNotes global) to compensate those who have made contributions https://github.com/DNotesCoin/DNotes2.0/graphs/contributors

We always like to reward contributors to DNotes success as well as mindful of investors and the impact our actions have on them. As of right now our plates are overflowing, but eventually I think it would be a good idea to reach out to these people, gauge their interest before committing.

I'm all for this idea, once the other priority projects are taken care of.

I sure hope anyone who is part of the technical development for DNotes will be able to connect the dots well enough to buy some of their own.

[DCEBrief]

Charlie Lee Says Tether’s 250 Million USDT Issuance May Be “Precursor” of Price Increase

https://dcebrief.com/charlie-lee-says-tethers-250-million-usdt-issuance-may-be-precursor-of-price-increase/

[1Hakuba]

Will Cryptocurrency's Great Recession Turn into A Depression?

https://dcebrief.com/will-cryptocurrencys-great-recession-turn-into-a-depression/

That article was very thought provoking. The part that sticks with me most is where it says easy money tends to breed helplessness and dependency. That's an interesting paradox. The article is referring to all those project leaders who didn't spend all their ICO money wisely and as a result didn't really create any truly innovative product, and yet all the people who bought into their ICO are dependent on them.

My personal experience with easy money breeding helplessness was watching the markets go way up in January, and thinking, finally, the real worth of cryptocurrency is being recognized, but also thinking it was happening way too fast to be real. Then it started to fall, and each month that it declined you kind of wish you'd sold out the previous month but didn't want to sell out this month because you hoped it would rise.

I didn't have much invested in a coin that had a meteoric rise so I got lucky, and had already made back way more than my initial investment. Still, I really hated the feeling of having this wealth on paper that I was completely not in control of. It was all about the price. And then I recently found out that the rise wasn't even real, in the sense that it was the result of market manipulation. I definitely prefer to be a part of a project where the impact of speculation and market manipulation on the price is a much smaller part of the picture. I know that will always be part of it, but there has got to be something more solid, or like the article said, few investors really break even, let alone make money.

I agree that recession is helping to reveal true colors much sooner. We've already had some exposee type articles about the market manipulation, the Bitcoin cartel, etc. And we're finding out about all kinds of projects that are at best not ready for the big time yet but have a lot of money into them already.

I also agree that a major correction to the crypto market is very good.  There are so many coins that are, for a lack of a better word, garbage.  Yet, some of them have a market cap in in the millions of USD.  I have researched so, so many coins, and only Dnotes hits all the wickets of a good investment.  Sure, there are others that are ok, but, they in no way compare to Dnotes.  Investing in Dnotes is a no brainer.  Solid team, no hype, and focused on the end game.  I’m just happy that I, as well as most of you on this thread, connected the dots before the institutional investors (whales) get in.  I am confident Dnotes will outperform the competition.  And more importantly, will serve a legitimate purpose as a stable international currency. 

[TeeGee]

Will Cryptocurrency's Great Recession Turn into A Depression?

https://dcebrief.com/will-cryptocurrencys-great-recession-turn-into-a-depression/

That article was very thought provoking. The part that sticks with me most is where it says easy money tends to breed helplessness and dependency. That's an interesting paradox. The article is referring to all those project leaders who didn't spend all their ICO money wisely and as a result didn't really create any truly innovative product, and yet all the people who bought into their ICO are dependent on them.

My personal experience with easy money breeding helplessness was watching the markets go way up in January, and thinking, finally, the real worth of cryptocurrency is being recognized, but also thinking it was happening way too fast to be real. Then it started to fall, and each month that it declined you kind of wish you'd sold out the previous month but didn't want to sell out this month because you hoped it would rise.

I didn't have much invested in a coin that had a meteoric rise so I got lucky, and had already made back way more than my initial investment. Still, I really hated the feeling of having this wealth on paper that I was completely not in control of. It was all about the price. And then I recently found out that the rise wasn't even real, in the sense that it was the result of market manipulation. I definitely prefer to be a part of a project where the impact of speculation and market manipulation on the price is a much smaller part of the picture. I know that will always be part of it, but there has got to be something more solid, or like the article said, few investors really break even, let alone make money.

I agree that recession is helping to reveal true colors much sooner. We've already had some exposee type articles about the market manipulation, the Bitcoin cartel, etc. And we're finding out about all kinds of projects that are at best not ready for the big time yet but have a lot of money into them already.

I also agree that a major correction to the crypto market is very good.  There are so many coins that are, for a lack of a better word, garbage.  Yet, some of them have a market cap in in the millions of USD.  I have researched so, so many coins, and only Dnotes hits all the wickets of a good investment.  Sure, there are others that are ok, but, they in no way compare to Dnotes.  Investing in Dnotes is a no brainer.  Solid team, no hype, and focused on the end game.  I’m just happy that I, as well as most of you on this thread, connected the dots before the institutional investors (whales) get in.  I am confident Dnotes will outperform the competition.  And more importantly, will serve a legitimate purpose as a stable international currency.  

What a great messages 1Hakuba,

I can tell you with certainty that being on a different path to the competition, by carving it out yourself is much more difficult than copying what everybody else is doing in the hopes of quick returns. At the end of the day, if you follow the same path that everybody else is on, you all get to the same place. This forum has been for the longest time our communication vehicle to signal our quality for those who are prepared to do deep and thorough research, and we expect those who have placed their faith in us to be very pleased for doing so if we stick to our path, and relentlessly drive forward.

[TeeGee]

Charlie Lee Says Tether’s 250 Million USDT Issuance May Be “Precursor” of Price Increase

https://dcebrief.com/charlie-lee-says-tethers-250-million-usdt-issuance-may-be-precursor-of-price-increase/

https://medium.com/coinmonks/untethered-tether-new-developments-f28c02ab5875

The above thread reveals some rather interesting connections about tether (and new information that has come to light). Shared for the interest of those here who may wish to understand the conversation better.

At the end of the day the only people who know the full story are those who are running the show. This really highlights some of the potential issues that the unbridled and arbitrary increase in the money supply can yield. When push comes to shove, it reveals another purpose behind our strategy to not 'peak too early'. By the time DNotes becomes a pre-eminent / big time crypto, much of the schemes that bad actors have followed to wildly affected Bitcoin as the reserve currency will likely no longer be possible, because regulators and investors will become much more sophisticated in their monitoring of markets. Until that time, new industries prove a fertile ground for bad actors to collude at the expense of everyone else. We have seen this many times already with the number of exchanges that ran away with customer funds, or 'got hacked'.

[Dyna]

Hi everyone. Thanks for keeping our community engaged.

Now that our Reg. D 506 (c) funding campaign is about to beginning I barely have time to keep up with some important stuff that I love to do., including posting on Telegram and other social media platforms. DNotes is getting a lot of attention worldwide, based on communication and feedback we are getting every day.

The best way you can contribute to DNotes success is to help keep our community informed and engaged – help to answer any questions when you can.

Those who have technical questions, it is best if you could use DNotes BitcoinTalk forum. That is the best way to reach our developers: https://bitcointalk.org/index.php?topic=1924858.4780

[1Hakuba]

Exciting times for Dnotes.  I was just thinking about how many large credit card issuers/banks were limiting and/or banning purchases of cryptocurrency and how Dnotes can fix this problem.  That’s where Dnotes Global comes in to play.  If you can’t get fiat banks to allow purchases/sales of cryptocurrency...create your own bank.  Tie that bank to the Dnote crypto exchange and you have a smooth one stop shop for conducting financial transactions.  Once that’s established, offer comprehensive banking solutions to online retailers where they can choose to accept Dnotes as a means of payment with the option of keeping the payment in Dnotes currency or having it seemlesly converted to fiat dollars, yen etc.  Pretty neat stuff.