DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[TeeGee]

I really like the DNotes plans for the future, I think that there is a fantastic and exciting journey ahead of us  

I sincerely wish the team all the best with the funding. I hope that investors will be able to recognize the true potential behind DNotes....but not only of the coin itself, but also the potential of the team and the trust they were able to build!  

We really appreciate your comments and confidence Amadeus82.

One of the core principles of investing is being able to spot the potential and success trajectory of projects early in its development phase. Anybody who has done their due diligence, and taken a good look at our material will be well aware that DNotes has one of the greatest chances out of everybody in the crypto-sphere to achieve its stated goals to bring cryptocurrency to mass adoption -- whether by analysing the foundations we've built, the team we've put together compared to the garbage quality that exists out there as excuses for "blockchain experts" in just about any ICO, or the track-record we have in competing everything that we have said that we are going to do.

We are going to continue that trend. First we're going to have a successful Reg D for up to $5m USD. Then raise through Reg A+ for a larger sum of up to $50m USD that will enable us to release massive upgrades across the board from our cryptocurrency's feature set, through to the separate businesses managed under our ecosystem that DNotes will be compatible with. What we have built so far are the pilots for full-release industry-dominating version 2.0 releases that are to come later. DNotes Vault will be given a facelift, as will Cryptomoms and DCEBrief, which will also see an increase in news articles and opinion pieces output. We will begin the formation of a DNotes exchange, fiat gateways, debit-card facilities, and even plan for our own bank and trading marketplaces. This is of course not to mention the business applications and integrations we will be releasing as a part of the DNotes platform that will allow businesses to launch their own blockchain applications/software and tokens. The difference with the DNotes platform over current platforms that already exist is that DNotes is building an entire ecosystem (banks / exchanges etc) that tightly integrates and bridges to the traditional financial world. That means that rather than building on ethereum or whatever blockchain people are using today as though cryptocurrencies are a 'parallel system' for niche consumers, the DNotes platform will allow businesses to do so as part of an integrated system that combines the technological benefits of blockchain, with the mainstream access available in the traditional financial world by virtue of the system that we are creating.

[1714940195]

1714940195

[Brandon Cheliak]

This is a great article, it is an accurate assessment of where this industry currently stands.

Cryptocurrency reality checks and the coming boom
https://www.zdnet.com/article/cryptocurrency-reality-checks-and-the-coming-boom/

Like the early stages of the dot com boom, the initial speculative crypto bubble is over. Expect waves of rapid evolution next, as maturity kicks in and serious players emerge and scale.
...

If you're thinking cryptocurrencies have been an embarrassing speculative fad full of shady offshore players you'd be largely right - but we are also now arguably at the end of the beginning and moving into a far more interesting era. If you're also old enough to remember the early stages of the dot com frenzy in the mid 90's you'll remember a similar scenario: Outrageously ambitious business plans based on unproven new technology and markets, endless hand waving self promoters and scammers confusing perceptions of reality, cliques of technology experts, VC's and suits pumping up their market segment positions.

The naked greed and quick buck speculative atmosphere around cryptocurrencies resembles the rapid rise of the web 1.0 dot com era - from ugly, confused and often corrupt beginnings rose the industry that today dominates the world and the financial markets. Just look at mid 1990's print magazine articles and TV shows - before everyone was on the internet - for evidence.

I recently met with the organizers of next week's Distributed2018 conference in San Francisco to get their perceptions of where we are after the recent speculative bubble deflations around bitcoin and other cryptocurrencies. In my opinion speculative frenzy has overshadowed far more fundamental shifts in the maturation of a space which in certain important areas is rapidly gaining sophistication, scale and security. The irony of our meeting up to discuss this in downtown San Francisco's post Amazon retail apocalypse of empty store fronts, victims of the crushing success of the dominant online sales platforms, wasn't lost on any of us.

Distributed2018 is an interesting event, and a laudable effort to help east to collaborate and share thoughts with west in San Francisco CA, with significant participation from Chinese, South Korean and Japanese conference organizers and attendees. The organizers are striving to create a credible discussion forum nucleus for the serious side of cryptocurrencies, blockchain and smart contract business logic in a world awash with hype, hustle and zero calorie content events.

The organizers feel we have definitely been through a reality check phase around cryptocurrencies, with a lot more hard questions being asked around investment in previous generation of Initial Coin Offerings (ICO's) and more importantly upcoming launches. Just like in the early dot com days the rear view mirror makes for some pretty bizarre viewing of the routes taken to get to where we are today (misinformation, speculation, hyperbole and mis-steps) but the route forward looks very interesting indeed as the space matures and regulation around the world begins to start to catch up. More importantly, serious financial market interest is building around 'old money' onshore regulated investment in credible ventures.

Crowdsourcing - Kickstarter projects etc - were originally a Web 2.0 phenomenon to help quickly fund ventures via lots of small contributions from interested parties worldwide, instead of the slower route of pitching angel investors and venture capitalists. ICO's crowdsourcing origins subsequently grew to be a mutant monster of this approach, and just like the dot com boom has been driven more by greed than logic with a few exceptions. In my opinion reframing ICO thinking as early stage investment in promising ventures is a healthier way of looking at this going forward, and given the way venture capitalists have been buying the ICO coins of credible start ups to hold stakes in them, this appears to be the way of the future. Many venture capitalists are also now writing restrictions on ICO's into their terms and agreements in order to protect their early stage investments from dilution.

The hard facts are that despite all the endless hype about innovation and start up culture, venture capital, angel investment and corporate budgeting is inadequate in a world that is moving ever more quickly. Investing in ICO coins or tokens as ownership of 'early stage shares' in a business entity you believe in is a healthy VC like approach - and just like VC's If you don't understand the business model, stay away. The Distributed2018 organizers agree - the pace of innovation and change worldwide needs a new, more agile digital framework to support the speed at which business opportunities evolve and mutate, and the pace is only likely to get faster.

Taking a long view on the maturity of crypto currencies, the world wide web from its infancy is barely 25 years old, the iPhone ignited and quickly matured the smartphone and apps revolution eleven years ago and Facebook - who this summer are rumored to be contemplating a cryptocurrency payments system for use on their platform via a company wide blockchain platform - only reached meaningful scale (launching 'like' buttons etc) around ten years ago.

Read the rest at https://www.zdnet.com/article/cryptocurrency-reality-checks-and-the-coming-boom/

[DNotes]

https://www.techbullion.com/dnotes-the-global-digital-currency-and-the-future-of-money/

[DNotesEDU]

LendEDU.com – The Physical & Social Impact of Credit Card Debt
https://dnotesedu.com/2018/07/lendedu-com-the-physical-social-impact-of-credit-card-debt/

[DCEBrief]

An interesting article on Forbes for anyone who read recent media reports about the latest Mueller indictment of 13 Russian officials, saw the repeated references to how the accused used Bitcoin to fund their hacking/phishing operations, and thought: "Here we go with the anti-crypto narrative again." This article correctly observes that the very fact that prosecutors were able to trace the transactions demonstrates that coins like Bitcoin "may not be the best economic instrument for criminals."

"The 29-page indictment clearly outlines the concerted efforts carried out by Russians operatives, including such commonplace cyber threats as spear phishing, malware, spoofing, virtual private networks (VPN), social engineering, and the use of bitcoin as a means of payment.  It is perhaps this last area, the use of bitcoin and the perception of anonymity the agents relied on, that left the clearest trails of their financial movements and wherewithal.

This much is shown in the indictment, which devotes substantial passages to outlining how bitcoin’s public blockchain registry served to trace back $95,000 and the perceived anonymity the perpetrators relied on.  While the bitcoin blockchain does provide “identity shelter” in the form of pseudonymous addresses, it is nevertheless a highly traceable transaction registry, much more so than the U.S. dollar for example, which only triggers red flags at large transaction thresholds.  These anti-money laundering (AML) and know your customer (KYC) rules in traditional banking also rely on often spotty compliance from a vast global banking network (one that is often culpable), wherein transactional information is stored in a one-sided manner and may be typically accessed through subpoena.  The bitcoin blockchain by contrast is a public ledger and the movements of capital and their destinations, albeit in hashed digital addresses or wallets, are highly traceable, widely known and at a much lower transaction value.  In effect, these properties enables law enforcement officials to quickly ring-fence a suspect transaction, set up trip wires and follow a veritable digital crumb trail if bitcoins are liquidated. This much held true in the WannaCry ransomware attack, where despite the vast ransom drag net, the cyber criminals only absconded with $65,000 worth of bitcoin.

While crypto crime fighting clearly taps a new set of forensic and technological approaches, such as Bitfury’s Crystal, the indictment, like the limited haul of the vast WannaCry ransomware attack, which spread to over 150 countries over a weekend affecting thousands of organizations, shows that bitcoin may not be the best economic instrument for criminals."

https://www.forbes.com/sites/dantedisparte/2018/07/15/does-the-russian-indictment-exonerate-bitcoin/#7a6376ad418a

[Brandon Cheliak]

https://www.techbullion.com/dnotes-the-global-digital-currency-and-the-future-of-money/

Great write-up Angela. DNotes is picking up speed at a tremendous pace, it can get a bit difficult to keep up with all the progress being made, especially when there is work being done on so many fronts. Even those of us who have been here from the very beginning can have a tough time keeping up! To get a good idea at how DNotes is progressing (strictly from a technical standpoint), check out the amount, and the quality of new commits on DNotes GitHub since Geneca took over software development for DNotes https://github.com/DNotesCoin

[Brandon Cheliak]

An interesting article on Forbes for anyone who read recent media reports about the latest Mueller indictment of 13 Russian officials, saw the repeated references to how the accused used Bitcoin to fund their hacking/phishing operations, and thought: "Here we go with the anti-crypto narrative again." This article correctly observes that the very fact that prosecutors were able to trace the transactions demonstrates that coins like Bitcoin "may not be the best economic instrument for criminals."

"The 29-page indictment clearly outlines the concerted efforts carried out by Russians operatives, including such commonplace cyber threats as spear phishing, malware, spoofing, virtual private networks (VPN), social engineering, and the use of bitcoin as a means of payment.  It is perhaps this last area, the use of bitcoin and the perception of anonymity the agents relied on, that left the clearest trails of their financial movements and wherewithal.

This much is shown in the indictment, which devotes substantial passages to outlining how bitcoin’s public blockchain registry served to trace back $95,000 and the perceived anonymity the perpetrators relied on.  While the bitcoin blockchain does provide “identity shelter” in the form of pseudonymous addresses, it is nevertheless a highly traceable transaction registry, much more so than the U.S. dollar for example, which only triggers red flags at large transaction thresholds.  These anti-money laundering (AML) and know your customer (KYC) rules in traditional banking also rely on often spotty compliance from a vast global banking network (one that is often culpable), wherein transactional information is stored in a one-sided manner and may be typically accessed through subpoena.  The bitcoin blockchain by contrast is a public ledger and the movements of capital and their destinations, albeit in hashed digital addresses or wallets, are highly traceable, widely known and at a much lower transaction value.  In effect, these properties enables law enforcement officials to quickly ring-fence a suspect transaction, set up trip wires and follow a veritable digital crumb trail if bitcoins are liquidated. This much held true in the WannaCry ransomware attack, where despite the vast ransom drag net, the cyber criminals only absconded with $65,000 worth of bitcoin.

While crypto crime fighting clearly taps a new set of forensic and technological approaches, such as Bitfury’s Crystal, the indictment, like the limited haul of the vast WannaCry ransomware attack, which spread to over 150 countries over a weekend affecting thousands of organizations, shows that bitcoin may not be the best economic instrument for criminals."

https://www.forbes.com/sites/dantedisparte/2018/07/15/does-the-russian-indictment-exonerate-bitcoin/#7a6376ad418a

It sounds like there will be demand for cryptocurrency developers arising from within law enforcement and government agencies in the not too distant future. There will be a huge monetary incentive (in government contracts) for developers who come up with innovative solutions to better map data and expose illicit networks operating in blockchain based currencies. The key could be creating some kind of "global network mapping software" that can read both blockchain and internet access ports, then match transactions based on similar properties and compile it into a detailed list. This would be the kind of list that should remain private at all times, and an individuals data should only be obtainable with warrant.

[Dyna]

That's all very exciting -- everybody seems to look very forward to CRISP payouts monthly. It's also really great that it's an additional saving bonus that operates very much like the savings in your bank account. You don't have to do anything to earn it, you just rack up interest over time -- and even better there is no bank that is lending our your funds while in their possession! With DNotes CRISP payouts you are in control of your own funds at all times. All in all it makes for a much more secure way to receive interest than risking your bank doing all kinds of unsavoury / economy-threatening gambles with your money!

Lending to lenders at interest can be a sound economic decision, but I would rather have the choice to either do that with my money or not. With a bank, just by having a checking or savings account I'm basically agreeing to the bank having full use of my funds for their own gain. That's the real cost of "free" checking accounts, I guess.

This brings up a question in my mind: I know DNotes Global intends to get full banking/financial licensing--basically be a bank among other things. So, how will regular fiat money held on deposit in checking accounts (or equivalent) be treated? Will the DNotes Global bank be engaging in fractional reserve banking with fiat funds? Will it need to in order to compete? I have no judgment at this point about what would be best and I'm genuinely curious.

And I do like having DNotes that earn "interest" without needing to be available for other people's use. The way stakeholders help the DNotes economy at this point is to sit on their coins (not sell them) and for that we are rewarded through the CRISP program, and if we're handy with a wallet we can also earn more immediate rewards through staking. In the fiat world, in contrast, the way you "help" the economy with your money (at least in a way that gets *somewhat* rewarded) is by putting your funds at the disposal of your bank.

I think one of the interesting first distinctions to make is that banks lending out money owned by other people for gain has economic benefit, is quite different to what was happening pre-GFC where low interest rates basically made it impossible for banks to make money this way, so they shifted their investments into risky derivative trades -- yes banks were playing a game of roulette with the government insuring against all losses, but yes, the government was also the root cause of the entire mess by incentivising the entire thing.

As to your question regarding fractional reserve lending, putting my personal views on fractional lending aside (these are well known to anybody who has read my dcebrief material), that decision has yet to be made. Another distinction would best be made between fractional reserve lending, and the use of funds created by fractional reserve lending to play roulette with the government acting to insure against all losses.

Another important point to consider is that most lending today is now made by non-banks -- DNotes Global would not need to engage in fractional reserve lending to compete if lending becomes an industry it chooses to compete aggressively in. DNotes Global Inc has yet to determine whether it will focus primarily just on chequing and savings accounts for the sake of a cryptocurrency onramp/offramp facilities (while likely offering small business and personal loans), or whether the company will seek to aggressively compete in home loans and big business loans etc. The latter could be difficult without significant outside investment and/or the ability for fractional reserve banking. It is also a point that banks now have liquidity requirements placed on them that non-banks aren't subject to, and the next crisis is likely to start with these non-bank entities and shadow banking liquidity squeeze. At this time I don't see a DNotes Global operated bank offering loans to customers in the medium term to the types of 'high risk' customers that would see the company in any kind of default crisis were widespread economic trouble become a thing like many of the larger banks were in 07/8.

At the end of the day, DNotes Global Inc will do whatever is necessary for the betterment of the entire DNotes ecosystem. Our future plans include crypto loans, and proving that DNotes can be a preferred option to fiat money, with economic stability and no ability for any group to fractionally create limitless new tokens one of those competitive strengths. If DNotes Global Inc had a fractional reserve lending bank, it wouldn't have any effect on the competitive advantage of the DNotes ecosystem, nor the core values of DNotes itself as a group. DNotes Global would be promoting its substitute payment network with all of its advantages (one of which is equitable money creation processes / no fractional reserve lending), which wouldn't be affected by having a fiat loan issuing bank, and neither would the fiat world notice the difference if DNotes Global opted not to go that route. The company would merely be participating in a well-established industry for the betterment of its competing substitute currency.

Thank you all for your support and participation in a lot of very interesting and engaging discussion.  I had been tempted to participate a few times but reminded myself that my highest priority is to focus on our Reg. D funding which went live a few days ago. It is keeping me extremely busy.

I noted that Fractional-reserve Banking came up a few times in our forum discussion.

This is my position - Fractional-reserve banking is a very important tool for our banking and financial systems, as well our economic systems in general. Frankly, without that legal leverage, the world will not be where it is today. It is an important component of the engine that powers economic growth. It is also a competitive tool that DNotes Global will not forego should it own a bank one day. As a for-profit company it will wisely use every available tool to be a well-managed and best in class company. I trust that it will leverage fractional-reserve with prudence and avoid risky and over-leveraged exposures.

The fractional-reserve will not apply to DNotes – the digital currency. You cannot spend/send more  DNotes than you have available in your wallet.

[DCEBrief]

HKMA Launching Blockchain Trade Finance Platform

https://dcebrief.com/hkma-launching-blockchain-based-trade-finance-platform/

[wiser]

That's all very exciting -- everybody seems to look very forward to CRISP payouts monthly. It's also really great that it's an additional saving bonus that operates very much like the savings in your bank account. You don't have to do anything to earn it, you just rack up interest over time -- and even better there is no bank that is lending our your funds while in their possession! With DNotes CRISP payouts you are in control of your own funds at all times. All in all it makes for a much more secure way to receive interest than risking your bank doing all kinds of unsavoury / economy-threatening gambles with your money!

Lending to lenders at interest can be a sound economic decision, but I would rather have the choice to either do that with my money or not. With a bank, just by having a checking or savings account I'm basically agreeing to the bank having full use of my funds for their own gain. That's the real cost of "free" checking accounts, I guess.

This brings up a question in my mind: I know DNotes Global intends to get full banking/financial licensing--basically be a bank among other things. So, how will regular fiat money held on deposit in checking accounts (or equivalent) be treated? Will the DNotes Global bank be engaging in fractional reserve banking with fiat funds? Will it need to in order to compete? I have no judgment at this point about what would be best and I'm genuinely curious.

And I do like having DNotes that earn "interest" without needing to be available for other people's use. The way stakeholders help the DNotes economy at this point is to sit on their coins (not sell them) and for that we are rewarded through the CRISP program, and if we're handy with a wallet we can also earn more immediate rewards through staking. In the fiat world, in contrast, the way you "help" the economy with your money (at least in a way that gets *somewhat* rewarded) is by putting your funds at the disposal of your bank.

I think one of the interesting first distinctions to make is that banks lending out money owned by other people for gain has economic benefit, is quite different to what was happening pre-GFC where low interest rates basically made it impossible for banks to make money this way, so they shifted their investments into risky derivative trades -- yes banks were playing a game of roulette with the government insuring against all losses, but yes, the government was also the root cause of the entire mess by incentivising the entire thing.

As to your question regarding fractional reserve lending, putting my personal views on fractional lending aside (these are well known to anybody who has read my dcebrief material), that decision has yet to be made. Another distinction would best be made between fractional reserve lending, and the use of funds created by fractional reserve lending to play roulette with the government acting to insure against all losses.

Another important point to consider is that most lending today is now made by non-banks -- DNotes Global would not need to engage in fractional reserve lending to compete if lending becomes an industry it chooses to compete aggressively in. DNotes Global Inc has yet to determine whether it will focus primarily just on chequing and savings accounts for the sake of a cryptocurrency onramp/offramp facilities (while likely offering small business and personal loans), or whether the company will seek to aggressively compete in home loans and big business loans etc. The latter could be difficult without significant outside investment and/or the ability for fractional reserve banking. It is also a point that banks now have liquidity requirements placed on them that non-banks aren't subject to, and the next crisis is likely to start with these non-bank entities and shadow banking liquidity squeeze. At this time I don't see a DNotes Global operated bank offering loans to customers in the medium term to the types of 'high risk' customers that would see the company in any kind of default crisis were widespread economic trouble become a thing like many of the larger banks were in 07/8.

At the end of the day, DNotes Global Inc will do whatever is necessary for the betterment of the entire DNotes ecosystem. Our future plans include crypto loans, and proving that DNotes can be a preferred option to fiat money, with economic stability and no ability for any group to fractionally create limitless new tokens one of those competitive strengths. If DNotes Global Inc had a fractional reserve lending bank, it wouldn't have any effect on the competitive advantage of the DNotes ecosystem, nor the core values of DNotes itself as a group. DNotes Global would be promoting its substitute payment network with all of its advantages (one of which is equitable money creation processes / no fractional reserve lending), which wouldn't be affected by having a fiat loan issuing bank, and neither would the fiat world notice the difference if DNotes Global opted not to go that route. The company would merely be participating in a well-established industry for the betterment of its competing substitute currency.

Thank you all for your support and participation in a lot of very interesting and engaging discussion.  I had been tempted to participate a few times but reminded myself that my highest priority is to focus on our Reg. D funding which went live a few days ago. It is keeping me extremely busy.

I noted that Fractional-reserve Banking came up a few times in our forum discussion.

This is my position - Fractional-reserve banking is a very important tool for our banking and financial systems, as well our economic systems in general. Frankly, without that legal leverage, the world will not be where it is today. It is an important component of the engine that powers economic growth. It is also a competitive tool that DNotes Global will not forego should it own a bank one day. As a for-profit company it will wisely use every available tool to be a well-managed and best in class company. I trust that it will leverage fractional-reserve with prudence and avoid risky and over-leveraged exposures.

The fractional-reserve will not apply to DNotes – the digital currency. You cannot spend/send more  DNotes than you have available in your wallet.

And right there is where the customer has a choice. If I want to get a return on investment but I don't like fractional reserve banking, I now have a viable way to avoid it. When there is an actual choice, then I agree with Alan that even something like fractional reserve banking can be a good tool in the proper context. The most notable change I see happening is that banks will need to share more of the profits with the people who put their money on deposit, particularly those who put large amounts with the intent to keep it there for a while in exchange for a good rate of return. Banks today advertise savings account rates of less than 1 percent, and CDs for slightly higher. Well now I can hold DNotes in my DNotes Vault and get 6 percent. So hmmm, which way will I go? The main challenge right now is that DNotes will need to first show a consistent conservation of value, as in if I paid 7 cents for my DNotes, I can realistically expect to sell them for at least 7 cents, as 6 percent interest won't matter much if my principal loses half its value in terms of price. I don't see that being a huge problem for long, just the very current short term situation. Once DNotes demonstrates a stable and climbing value, then the banks will have to at least match that 6 percent APY in order to compete. I can hardly wait.

[DNotesEDU]

Who is Geneca and What is Their Relationship to DNotes?
https://dnotesedu.com/2018/07/who-is-geneca-and-what-is-their-relationship-to-dnotes/

[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]

DNotes Global Inc Launches Reg. D 506 (C) Funding To Raise $5 Million From Accredited Investors In A Series Of Three Funding Rounds

https://dnotesglobal.com/2018/07/12/dnotes-global-inc-launches-reg-d-506-c-funding-to-raise-5-million-from-accredited-investors-in-a-series-of-three-funding-rounds/

[TeeGee]

Really great to see all the work everyone is doing as our shoestring volunteer team give DNotes its final push towards becoming a fully-fledged & funded company prepared for flight. The educational material at dnotesedu is extremely useful -- especially given all the other tasks the rest of us find keeping us busy. Alan is 100% focused on funding acquisition, and Joe is very consumed managing development and managing core infrastructure, which leaves very little time to spend posting on our public forum. It has always been considered a rare luxury to have core developers and management team regularly talking to their communities, and it's all the more impressive that the time is made to engage the community despite many full-on days. We are very thankful to everyone who regularly post to keep the forum engaged and full with educational content for our lurkers to consume.

As for lurkers, come say hello! If registering for bitcointalk isn't your thing, we also have a great telegram channel where there is a lot of in depth conversation going on, and heaps of helpful people who are prepared to answer any and all questions that you can find at the following link:

https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuA

[TeeGee]

That's all very exciting -- everybody seems to look very forward to CRISP payouts monthly. It's also really great that it's an additional saving bonus that operates very much like the savings in your bank account. You don't have to do anything to earn it, you just rack up interest over time -- and even better there is no bank that is lending our your funds while in their possession! With DNotes CRISP payouts you are in control of your own funds at all times. All in all it makes for a much more secure way to receive interest than risking your bank doing all kinds of unsavoury / economy-threatening gambles with your money!

Lending to lenders at interest can be a sound economic decision, but I would rather have the choice to either do that with my money or not. With a bank, just by having a checking or savings account I'm basically agreeing to the bank having full use of my funds for their own gain. That's the real cost of "free" checking accounts, I guess.

This brings up a question in my mind: I know DNotes Global intends to get full banking/financial licensing--basically be a bank among other things. So, how will regular fiat money held on deposit in checking accounts (or equivalent) be treated? Will the DNotes Global bank be engaging in fractional reserve banking with fiat funds? Will it need to in order to compete? I have no judgment at this point about what would be best and I'm genuinely curious.

And I do like having DNotes that earn "interest" without needing to be available for other people's use. The way stakeholders help the DNotes economy at this point is to sit on their coins (not sell them) and for that we are rewarded through the CRISP program, and if we're handy with a wallet we can also earn more immediate rewards through staking. In the fiat world, in contrast, the way you "help" the economy with your money (at least in a way that gets *somewhat* rewarded) is by putting your funds at the disposal of your bank.

I think one of the interesting first distinctions to make is that banks lending out money owned by other people for gain has economic benefit, is quite different to what was happening pre-GFC where low interest rates basically made it impossible for banks to make money this way, so they shifted their investments into risky derivative trades -- yes banks were playing a game of roulette with the government insuring against all losses, but yes, the government was also the root cause of the entire mess by incentivising the entire thing.

As to your question regarding fractional reserve lending, putting my personal views on fractional lending aside (these are well known to anybody who has read my dcebrief material), that decision has yet to be made. Another distinction would best be made between fractional reserve lending, and the use of funds created by fractional reserve lending to play roulette with the government acting to insure against all losses.

Another important point to consider is that most lending today is now made by non-banks -- DNotes Global would not need to engage in fractional reserve lending to compete if lending becomes an industry it chooses to compete aggressively in. DNotes Global Inc has yet to determine whether it will focus primarily just on chequing and savings accounts for the sake of a cryptocurrency onramp/offramp facilities (while likely offering small business and personal loans), or whether the company will seek to aggressively compete in home loans and big business loans etc. The latter could be difficult without significant outside investment and/or the ability for fractional reserve banking. It is also a point that banks now have liquidity requirements placed on them that non-banks aren't subject to, and the next crisis is likely to start with these non-bank entities and shadow banking liquidity squeeze. At this time I don't see a DNotes Global operated bank offering loans to customers in the medium term to the types of 'high risk' customers that would see the company in any kind of default crisis were widespread economic trouble become a thing like many of the larger banks were in 07/8.

At the end of the day, DNotes Global Inc will do whatever is necessary for the betterment of the entire DNotes ecosystem. Our future plans include crypto loans, and proving that DNotes can be a preferred option to fiat money, with economic stability and no ability for any group to fractionally create limitless new tokens one of those competitive strengths. If DNotes Global Inc had a fractional reserve lending bank, it wouldn't have any effect on the competitive advantage of the DNotes ecosystem, nor the core values of DNotes itself as a group. DNotes Global would be promoting its substitute payment network with all of its advantages (one of which is equitable money creation processes / no fractional reserve lending), which wouldn't be affected by having a fiat loan issuing bank, and neither would the fiat world notice the difference if DNotes Global opted not to go that route. The company would merely be participating in a well-established industry for the betterment of its competing substitute currency.

Thank you all for your support and participation in a lot of very interesting and engaging discussion.  I had been tempted to participate a few times but reminded myself that my highest priority is to focus on our Reg. D funding which went live a few days ago. It is keeping me extremely busy.

I noted that Fractional-reserve Banking came up a few times in our forum discussion.

This is my position - Fractional-reserve banking is a very important tool for our banking and financial systems, as well our economic systems in general. Frankly, without that legal leverage, the world will not be where it is today. It is an important component of the engine that powers economic growth. It is also a competitive tool that DNotes Global will not forego should it own a bank one day. As a for-profit company it will wisely use every available tool to be a well-managed and best in class company. I trust that it will leverage fractional-reserve with prudence and avoid risky and over-leveraged exposures.

The fractional-reserve will not apply to DNotes – the digital currency. You cannot spend/send more  DNotes than you have available in your wallet.

And right there is where the customer has a choice. If I want to get a return on investment but I don't like fractional reserve banking, I now have a viable way to avoid it. When there is an actual choice, then I agree with Alan that even something like fractional reserve banking can be a good tool in the proper context. The most notable change I see happening is that banks will need to share more of the profits with the people who put their money on deposit, particularly those who put large amounts with the intent to keep it there for a while in exchange for a good rate of return. Banks today advertise savings account rates of less than 1 percent, and CDs for slightly higher. Well now I can hold DNotes in my DNotes Vault and get 6 percent. So hmmm, which way will I go? The main challenge right now is that DNotes will need to first show a consistent conservation of value, as in if I paid 7 cents for my DNotes, I can realistically expect to sell them for at least 7 cents, as 6 percent interest won't matter much if my principal loses half its value in terms of price. I don't see that being a huge problem for long, just the very current short term situation. Once DNotes demonstrates a stable and climbing value, then the banks will have to at least match that 6 percent APY in order to compete. I can hardly wait.

Exactly -- the entire goal that we are building DNotes up to, is to be a viable alternative to using fiat money, and every purposeful move we have in our strategy book is rooted in knowing that we need to 1. grow, and 2. constrain volatility as much as possible, and 3. make using DNotes significantly advantageous compared to using fiat by virtue of our integrated business ecosystem. .

[SeksiStarlord]

Hey guys I am wondering whats with cryptopia? I thought that after the swap its only a matter of time that they will list NOTE again? Any update?

[Dyna]

An interesting article on Forbes for anyone who read recent media reports about the latest Mueller indictment of 13 Russian officials, saw the repeated references to how the accused used Bitcoin to fund their hacking/phishing operations, and thought: "Here we go with the anti-crypto narrative again." This article correctly observes that the very fact that prosecutors were able to trace the transactions demonstrates that coins like Bitcoin "may not be the best economic instrument for criminals."

"The 29-page indictment clearly outlines the concerted efforts carried out by Russians operatives, including such commonplace cyber threats as spear phishing, malware, spoofing, virtual private networks (VPN), social engineering, and the use of bitcoin as a means of payment.  It is perhaps this last area, the use of bitcoin and the perception of anonymity the agents relied on, that left the clearest trails of their financial movements and wherewithal.

This much is shown in the indictment, which devotes substantial passages to outlining how bitcoin’s public blockchain registry served to trace back $95,000 and the perceived anonymity the perpetrators relied on.  While the bitcoin blockchain does provide “identity shelter” in the form of pseudonymous addresses, it is nevertheless a highly traceable transaction registry, much more so than the U.S. dollar for example, which only triggers red flags at large transaction thresholds.  These anti-money laundering (AML) and know your customer (KYC) rules in traditional banking also rely on often spotty compliance from a vast global banking network (one that is often culpable), wherein transactional information is stored in a one-sided manner and may be typically accessed through subpoena.  The bitcoin blockchain by contrast is a public ledger and the movements of capital and their destinations, albeit in hashed digital addresses or wallets, are highly traceable, widely known and at a much lower transaction value.  In effect, these properties enables law enforcement officials to quickly ring-fence a suspect transaction, set up trip wires and follow a veritable digital crumb trail if bitcoins are liquidated. This much held true in the WannaCry ransomware attack, where despite the vast ransom drag net, the cyber criminals only absconded with $65,000 worth of bitcoin.

While crypto crime fighting clearly taps a new set of forensic and technological approaches, such as Bitfury’s Crystal, the indictment, like the limited haul of the vast WannaCry ransomware attack, which spread to over 150 countries over a weekend affecting thousands of organizations, shows that bitcoin may not be the best economic instrument for criminals."

https://www.forbes.com/sites/dantedisparte/2018/07/15/does-the-russian-indictment-exonerate-bitcoin/#7a6376ad418a

Thanks for sharing. I agree with this statement, “Bitcoin may not be the best economic instrument for criminals.” 

[DNotes]

Hey guys I am wondering whats with cryptopia? I thought that after the swap its only a matter of time that they will list NOTE again? Any update?

Hi SeksiStarlord, you are correct, we reached an agreement with Cryptopia and just before the listing date they advised us they updated their listing procedure and needed to do a legal review. Ultimately they did not list DNotes, you can read more of the details about it here:
https://bitcointalk.org/index.php?topic=1924858.msg36988814#msg36988814
And here:
https://bitcointalk.org/index.php?topic=1924858.msg38883229#msg38883229

[Wiley Coyote]

Really great to see all the work everyone is doing as our shoestring volunteer team give DNotes its final push towards becoming a fully-fledged & funded company prepared for flight. The educational material at dnotesedu is extremely useful -- especially given all the other tasks the rest of us find keeping us busy. Alan is 100% focused on funding acquisition, and Joe is very consumed managing development and managing core infrastructure, which leaves very little time to spend posting on our public forum. It has always been considered a rare luxury to have core developers and management team regularly talking to their communities, and it's all the more impressive that the time is made to engage the community despite many full-on days. We are very thankful to everyone who regularly post to keep the forum engaged and full with educational content for our lurkers to consume.

As for lurkers, come say hello! If registering for bitcointalk isn't your thing, we also have a great telegram channel where there is a lot of in depth conversation going on, and heaps of helpful people who are prepared to answer any and all questions that you can find at the following link:

https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuA

What your GitHub username? Can't find Teegee

[DNotes]

Really great to see all the work everyone is doing as our shoestring volunteer team give DNotes its final push towards becoming a fully-fledged & funded company prepared for flight. The educational material at dnotesedu is extremely useful -- especially given all the other tasks the rest of us find keeping us busy. Alan is 100% focused on funding acquisition, and Joe is very consumed managing development and managing core infrastructure, which leaves very little time to spend posting on our public forum. It has always been considered a rare luxury to have core developers and management team regularly talking to their communities, and it's all the more impressive that the time is made to engage the community despite many full-on days. We are very thankful to everyone who regularly post to keep the forum engaged and full with educational content for our lurkers to consume.

As for lurkers, come say hello! If registering for bitcointalk isn't your thing, we also have a great telegram channel where there is a lot of in depth conversation going on, and heaps of helpful people who are prepared to answer any and all questions that you can find at the following link:

https://t.me/joinchat/FB-UaUjrQiji-EBatHLsuA

What your GitHub username? Can't find Teegee

Hi Wiley, you can find our github repositories here:
https://github.com/DNotesCoin