DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[tuanbct95]

DNotes & The Magic of Compound Interest: CRISP + Proof of Stake

https://dnotesedu.com/2018/07/dnotes-the-magic-of-compound-interest-crisp-proof-of-stake/

PoS phase to come for DNotes community.
Personally, I would prefer crypto projects which have PoS because I can earn passive income by staking my coins.

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[Wiley Coyote]

Been lurking bitcointalk since 2012 and never seen anything like dnotes. No cheap talk and no bullshit or tricks. Only people working together. More people working than complaining here  Badass shit y'all

[regal408]

What you think DNotes price will do?

[wiser]

Ok, so I'm about to take back what I said about liking Mercatox! Wallet is STILL down, my coins are still trapped doing nothing when they could be making interest. This is getting old!

Just venting... 

Understand, it seems as though it's causing some negative pressure there as well. All we can do for now is open another ticket.

I'm right there with you, R-J-F. I have a significant amount of DNotes trapped on Mercatox that I really wish were in my wallet. This is day 5 of the wallet being down. My last withdrawal was on July 6.

I can't think of a reason for a wallet maintenance to take this long. The 2.0 block chain is not that big yet, so wouldn't take more than a few hours to download, and there was no mandatory wallet update handed down by the development team. I'm sure if they were having technical issues our devs would be more than happy to assist, but they haven't reached out. I've pestered them with plenty of support tickets and all they say is wait for us to post it on our news page.

It should go without saying that any kind of maintenance that lasts this long ought to be accompanied by very transparent at least daily progress reports.

[TeeGee]

Thanks for informative video, from which I known more about how to use DNotes Automatic Payments.

Video – Using DNotes Automatic Payment Scripts

https://dnotesedu.com/2018/07/video-using-dnotes-automatic-payment-scripts/

Demands on BTC has risen considerably recent days. It is one of early signal for future growth.

Analyst Tells CNBC Change Needed for Bitcoin Bulls to Return

https://dcebrief.com/analyst-tells-cnbc-change-needed-for-bitcoin-bulls-to-return/

Tim has been doing a great job on the videos, very informative and easy to follow.

Thank you very much -- we will have a bunch more videos releasing in line with our updates, particularly showing off the automated invoicing.

There will also be another one, perhaps two, production grade videos made to advertise our Reg D & wider milestones reached by DNotes.

Always open to hear suggestions for various topics to make videos on -- explanations, vlogs, tutorials etc.

[TeeGee]

Been lurking bitcointalk since 2012 and never seen anything like dnotes. No cheap talk and no bullshit or tricks. Only people working together. More people working than complaining here  Badass shit y'all

Hi Wiley Coyote, and welcome to our forum.

We appreciate your comments greatly. We have pride ourselves for a long time on have a much more mature community, and engagement that is much more conducive to reaching milestones.

Over the last four and a half years we have consistently spoken the same message. We are sure in our values, principles, and what we will be setting out to achieve. The best part is that this forum (and our old one) are a historical clue as to everything that DNotes will be achieving going forward, and we meet every milestone we set for ourselves.

The first cryptocurrency suitable for mass adoption. Our Reg D financing round will put our funding level on an equal footing to the competition out there, and this will see our true competitive advantages in superior business operation and strategy really make us stand out from the rest.

[TeeGee]

What you think DNotes price will do?

Hi Regal408 and welcome to the forum.

It is difficult to predict where prices will be in the future, but I can make educated guesses as to the effects of progress and decisions made by the DNotes development team and business decisions by DNotes Global.

As it currently stands, most cryptocurrency price movements result from a few things:

1. Hype and excitement,
2. Development milestones (which indicate likelihood of a successful project),
3. Product usefulness,

Now hype and excitement have produced many crypto price rises -- normally resulting from paid firms shilling woefully underwhelming products as though they're going to be game-changing in some way. This has yet to be the case. While investors have manipulated markets and created 'excitement' over various currencies, these have normally only been to pump and dump the coin so they can sell for large profits. It is the oldest and most common trick in the crypto-trading handbook, and there are few exceptions. Price rises from hype and excitement are rarely for the long-term.

The good news is, is that hype and excitement tend to only affect projects in the shorter-term. As eventually development teams and marketing teams can only fool investors for so long. Development milestones of products that are *actually useful* area a true metric of product usefulness, that give investors greater utility for their investment. This is the only way that any intrinsic and lasting value is created for the currency, and is this type of value that DNotes have focused on creating. DNotes' world first automated payment scripts, invoicing systems, blockchain-interest to reward savers etc are example innovative milestones that make DNotes useful and appropriate for mass adoption.

When the fundamental value of a cryptocurrency network rises with new features, it is likely that the price will correct upwards to match the network's new value and utility.

DNotes is also supported by the activities of a profit-generating company, DNotes Global that aims to add real fundamental value to the ecosystem to make DNotes even more valuable. The company will build exchanges, a bank, debit card solutions, loan facilities and a range of other products that further make DNotes useful.

DNotes Global is in the process now of raising up to 5m USD for its first Reg D funding round, and will undertake later this year a Reg A+ M-IPO for up to 50m USD. These rounds of funding are going to rapidly increase the development of the DNotes currency and services / businesses that will be created for the DNotes ecosystem.

These funding rounds will also add to the intrinsic valuation of the DNotes ecosystem and DNotes' potential, and therefore will likely also be priced positively into the DNotes price.

All of these in combination will see DNotes rise significantly in value in the medium to long term with near certainty.

[R-J-F]

DNotes & The Magic of Compound Interest: CRISP + Proof of Stake

https://dnotesedu.com/2018/07/dnotes-the-magic-of-compound-interest-crisp-proof-of-stake/

PoS phase to come for DNotes community.
Personally, I would prefer crypto projects which have PoS because I can earn passive income by staking my coins.

Now that DNotes is POS, it changes the game quite a bit. NOTE moves from the energy intensive camp to the efficient side where folks can make money supporting the network without hurting the environment to do it. Mining was an incredible invention when it appeared in Bitcoin but, it's time is limited now that more efficient ways to verify transactions like POS are becoming commonplace.

[R-J-F]

Ok, so I'm about to take back what I said about liking Mercatox! Wallet is STILL down, my coins are still trapped doing nothing when they could be making interest. This is getting old!

Just venting...  

Understand, it seems as though it's causing some negative pressure there as well. All we can do for now is open another ticket.

I'm right there with you, R-J-F. I have a significant amount of DNotes trapped on Mercatox that I really wish were in my wallet. This is day 5 of the wallet being down. My last withdrawal was on July 6.

I can't think of a reason for a wallet maintenance to take this long. The 2.0 block chain is not that big yet, so wouldn't take more than a few hours to download, and there was no mandatory wallet update handed down by the development team. I'm sure if they were having technical issues our devs would be more than happy to assist, but they haven't reached out. I've pestered them with plenty of support tickets and all they say is wait for us to post it on our news page.

It should go without saying that any kind of maintenance that lasts this long ought to be accompanied by very transparent at least daily progress reports.

Hate to say it but, seems like something other than "maintenance" may be going on. This is the kind of situation that hurts exchanges and strains the credibility of the system in general. If it were truly a wallet issue, what technical "issue" could be serious enough to keep a wallet out of service for 5 days especially with a comparatively short Blockchain? Seriously, I can't think of one.

Just like you, I have a rather large sum waiting there to go to my Vault and I don't mind saying it is making me nervous. So, we sit, we wait, some of us drink, others don't, and value drops but, I'll tell you what, I will be very leery of moving any sizable amount of coin through them in the future unless they can demonstrate, in some meaningful way, that this won't be a regular occurence.

Shame...

PS: Checked just now, a significant number of wallets appear to be in "Maintenance" Interesting, don't know if there is a correlation there but might help to understand what is going on...

[dumedoiiph]

Now that DNotes is POS, it changes the game quite a bit. NOTE moves from the energy intensive camp to the efficient side where folks can make money supporting the network without hurting the environment to do it. Mining was an incredible invention when it appeared in Bitcoin but, it's time is limited now that more efficient ways to verify transactions like POS are becoming commonplace.

PoS is better way to grown crypto ecosystem without significant adverse impacts on global environment.
This sort of phase will help to make more sustainable blockchain operations.
It's good to know that DNotes changed to PoS.

[Brandon Cheliak]

Thanks for informative video, from which I known more about how to use DNotes Automatic Payments.

Video – Using DNotes Automatic Payment Scripts

https://dnotesedu.com/2018/07/video-using-dnotes-automatic-payment-scripts/

Demands on BTC has risen considerably recent days. It is one of early signal for future growth.

Analyst Tells CNBC Change Needed for Bitcoin Bulls to Return

https://dcebrief.com/analyst-tells-cnbc-change-needed-for-bitcoin-bulls-to-return/

Tim has been doing a great job on the videos, very informative and easy to follow.

Thank you very much -- we will have a bunch more videos releasing in line with our updates, particularly showing off the automated invoicing.

There will also be another one, perhaps two, production grade videos made to advertise our Reg D & wider milestones reached by DNotes.

Always open to hear suggestions for various topics to make videos on -- explanations, vlogs, tutorials etc.

This wouldn't exactly be educational, but you know those public interviews where the reporter asks random people on the street questions? It would be cool to go around asking people questions and giving away free DNotes on video. Like a gameshow quiz on the street where people can win DNotes by correctly answering questions about DNotes.

[TeeGee]

Thanks for informative video, from which I known more about how to use DNotes Automatic Payments.

Video – Using DNotes Automatic Payment Scripts

https://dnotesedu.com/2018/07/video-using-dnotes-automatic-payment-scripts/

Demands on BTC has risen considerably recent days. It is one of early signal for future growth.

Analyst Tells CNBC Change Needed for Bitcoin Bulls to Return

https://dcebrief.com/analyst-tells-cnbc-change-needed-for-bitcoin-bulls-to-return/

Tim has been doing a great job on the videos, very informative and easy to follow.

Thank you very much -- we will have a bunch more videos releasing in line with our updates, particularly showing off the automated invoicing.

There will also be another one, perhaps two, production grade videos made to advertise our Reg D & wider milestones reached by DNotes.

Always open to hear suggestions for various topics to make videos on -- explanations, vlogs, tutorials etc.

This wouldn't exactly be educational, but you know those public interviews where the reporter asks random people on the street questions? It would be cool to go around asking people questions and giving away free DNotes on video. Like a gameshow quiz on the street where people can win DNotes by correctly answering questions about DNotes.

That's a pretty cool idea Brandon. I'm thinking it could work if there was a DNotes app that could be quickly and easily downloaded, with DNotes address automatically generated, so that I would be easily able to just send them some coins using my phone. One possibility would be a DNotesVault app where the entire account is generated for the user and I could make payments to it using QR codes or something. Another possibility would be making use of scripts to create an account in their name using their email address, and having reminder emails sent to them every once in a while that remind them to log into their account for the first time and/or learn more.

[DNotes]

Now that DNotes is POS, it changes the game quite a bit. NOTE moves from the energy intensive camp to the efficient side where folks can make money supporting the network without hurting the environment to do it. Mining was an incredible invention when it appeared in Bitcoin but, it's time is limited now that more efficient ways to verify transactions like POS are becoming commonplace.

PoS is better way to grown crypto ecosystem without significant adverse impacts on global environment.
This sort of phase will help to make more sustainable blockchain operations.
It's good to know that DNotes changed to PoS.

Thanks dumedoiiph, PoS is much more inline with DNotes goals of becoming an inclusive digital currency. It doesn't require special hardware and very little knowledge required to get started, so it doesn't limit participation to those with the knowledge and money to properly mine. Staking as well as our CRISP reward involve stake holders in the distribution of newly created coins.

[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://dashboard.listex.io/trading/notebtc
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://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.

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/

[DNotes]

https://dnotesglobal.com/2018/07/09/dnotes-global-inc-announces-proof-of-concept-for-dnotes-pay-automated-online-payment-system/

[DCEBrief]

London School of Economics Now Offering Online Crypto Course

https://dcebrief.com/london-school-of-economics-now-offering-online-crypto-course/

[DCEBrief]

Thanks for informative video, from which I known more about how to use DNotes Automatic Payments.

Video – Using DNotes Automatic Payment Scripts

https://dnotesedu.com/2018/07/video-using-dnotes-automatic-payment-scripts/

Demands on BTC has risen considerably recent days. It is one of early signal for future growth.

Analyst Tells CNBC Change Needed for Bitcoin Bulls to Return

https://dcebrief.com/analyst-tells-cnbc-change-needed-for-bitcoin-bulls-to-return/

Tim has been doing a great job on the videos, very informative and easy to follow.

Thank you very much -- we will have a bunch more videos releasing in line with our updates, particularly showing off the automated invoicing.

There will also be another one, perhaps two, production grade videos made to advertise our Reg D & wider milestones reached by DNotes.

Always open to hear suggestions for various topics to make videos on -- explanations, vlogs, tutorials etc.

This wouldn't exactly be educational, but you know those public interviews where the reporter asks random people on the street questions? It would be cool to go around asking people questions and giving away free DNotes on video. Like a gameshow quiz on the street where people can win DNotes by correctly answering questions about DNotes.

That is a really interesting idea, Brandon, and it could be really entertaining if done properly. I can imagine an educational benefit as well, if each answer - right or wrong - was followed by a brief but engaging lesson about DNotes, its mission, and its benefits. I've seen quiz shows like that in the past, mostly focused on things like history or science. The question is asked, the answer is given, and then there's a brief "official answer" that offers a bit more insight into the topic.

It would take some creativity and effort to pull it off, but I can almost picture it in my mind's eye.

[DNotes]

Although I understand the Mercatox wallet being down for an extended period is frustrating, I don't believe there is a reason to assume the worst. I counted about 30 wallets currently in maintenance, which at least gives me some clue that they are working on something. I reached back out to them to explain in this industry even something like the wallet being down for maintenance for an extended period will lead everyone to assume the worst, and asked for more information about the maintenance hold.

[iphmp159]

Although I understand the Mercatox wallet being down for an extended period is frustrating, I don't believe there is a reason to assume the worst. I counted about 30 wallets currently in maintenance, which at least gives me some clue that they are working on something. I reached back out to them to explain in this industry even something like the wallet being down for maintenance for an extended period will lead everyone to assume the worst, and asked for more information about the maintenance hold.

Let's give the Mercatox team more time to fix bugs (if they actually existed).
No reason to fall into panic and contribute making chaotic situation in DNotes community.
Let's it be what it be, and give it time to show off!

[wiser]

Although I understand the Mercatox wallet being down for an extended period is frustrating, I don't believe there is a reason to assume the worst. I counted about 30 wallets currently in maintenance, which at least gives me some clue that they are working on something. I reached back out to them to explain in this industry even something like the wallet being down for maintenance for an extended period will lead everyone to assume the worst, and asked for more information about the maintenance hold.

Thanks for reaching out to them and asking for an explanation. In my opinion, when there is extended maintenance that leads to a service or feature you use being disabled, there should be a good explanation with updates on progress. I'm sure that will be taken for granted in the DNotes ecosystem--customer service is a top priority.

Just to be clear, I am not assuming the worst, or at least not acting on it. I have my DNotes waiting on Mercatox until I can withdraw them.

It is true that people often do assume the worst under those circumstances, and unfortunately a lot of the reason is because in previous situations, technical difficulties (especially connected with the ability to withdraw funds) often preceded outright insolvency and some kind of announcement that actually, there are no funds. That happened with Cryptsy and a number of other exchanges, so people understandably get jumpy and nervous.

My gut feeling is that Mercatox is indeed working on something involving wallet updates, but probably something bigger that impacts the wallets but isn't that all the wallets themselves have issues. If I had to guess I'd say it's some kind of issue related to scaling that has cropped up and maybe taken them by surprise and forced them to deal with it right now. One argument against that is that they have added several new coins. I also believe they simply don't place a premium on good communication, but that they don't mean any harm.

Meanwhile, having the wallet down for 6 days is frustrating and stressful. I don't like being forced to store funds on an exchange, especially one that is new to me.

The first one to notice the wallet back up, please post about it and spread the word!