DNotes 2.0 - Staking, CRISP Interest, DNotes Pay

[DCEBrief]

SEC Blocks Spotlite’s Kodak-Branded Crypto Mining Scheme

https://dcebrief.com/sec-blocks-spotlites-kodak-branded-crypto-mining-scheme/

[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?

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

What a shame I liked cryptopia, what do you think about getting on bitfineon? Exchange registered in suisse
https://bitfineon.com/get-listed

[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

What a shame I liked cryptopia, what do you think about getting on bitfineon? Exchange registered in suisse
https://bitfineon.com/get-listed

Agreed. Thanks for the suggestion, I will certainly look into them. Is there anything in particular about this exchange that you like or that would make it a good fit for DNotes?

[DNotes]

Just a preview of the wordpress plugin for digital products:

If you aren't familiar with wordpress, it is the most widely used website platform and it makes it so anyone can build websites fairly easily. In the above example, the first five screenshots are the settings for creating shortcodes ([dnotespay id="3"] in this example). Then you can place that shortcode on any page or post, or anywhere on your website within wordpress, and where you place the shortcode it will show your payment button. Once you click the payment button it is present you with the payment box to make a payment in DNotes. Once paid, it will present you with a link to get the product you paid for.

[DCEBrief]

That wordpress plugin is brilliant! I can't wait to see it in action.

Exciting times for DNotes as we continue to carve out a path forward to a more inclusive financial future. Well done!

[TeeGee]

Well now anybody who uses wordpress can easily sell products for DNotes too, which is super handy. I'm sure we will soon be collating lists of online stores that accept DNotes for payment. As our software suite expands, we will be able to integrate all kinds of other automated steps into the process. For example when our exchange and bank are deployed, we could see DNotes paid to the merchant, then automatically exchanged for the merchants local currency, and sent to their bank account. This would make DNotes a preferred means of international trade for merchants that want to operate in fiat money -- which will make DNotes a competitor for global payments.

Very bright times ahead.

[R-J-F]

Well now anybody who uses wordpress can easily sell products for DNotes too, which is super handy. I'm sure we will soon be collating lists of online stores that accept DNotes for payment. As our software suite expands, we will be able to integrate all kinds of other automated steps into the process. For example when our exchange and bank are deployed, we could see DNotes paid to the merchant, then automatically exchanged for the merchants local currency, and sent to their bank account. This would make DNotes a preferred means of international trade for merchants that want to operate in fiat money -- which will make DNotes a competitor for global payments.

Very bright times ahead.

Brilliant idea. Including DNotes into sites the general public will frequent via the app will move us to the next step of public acceptance. Perhaps a link on the app window to a page that explains crypto and how and where to obtain DNotes would boost acceptance even more. 

[DNotes]

Just a heads up, we are having intermittent issues at DNotesVault. One of the servers keeps losing connection (problems at hosting).

[DNotes]

Well now anybody who uses wordpress can easily sell products for DNotes too, which is super handy. I'm sure we will soon be collating lists of online stores that accept DNotes for payment. As our software suite expands, we will be able to integrate all kinds of other automated steps into the process. For example when our exchange and bank are deployed, we could see DNotes paid to the merchant, then automatically exchanged for the merchants local currency, and sent to their bank account. This would make DNotes a preferred means of international trade for merchants that want to operate in fiat money -- which will make DNotes a competitor for global payments.

Very bright times ahead.

Brilliant idea. Including DNotes into sites the general public will frequent via the app will move us to the next step of public acceptance. Perhaps a link on the app window to a page that explains crypto and how and where to obtain DNotes would boost acceptance even more. 

That's a fantastic idea!

[R-J-F]

Well now anybody who uses wordpress can easily sell products for DNotes too, which is super handy. I'm sure we will soon be collating lists of online stores that accept DNotes for payment. As our software suite expands, we will be able to integrate all kinds of other automated steps into the process. For example when our exchange and bank are deployed, we could see DNotes paid to the merchant, then automatically exchanged for the merchants local currency, and sent to their bank account. This would make DNotes a preferred means of international trade for merchants that want to operate in fiat money -- which will make DNotes a competitor for global payments.

Very bright times ahead.

Brilliant idea. Including DNotes into sites the general public will frequent via the app will move us to the next step of public acceptance. Perhaps a link on the app window to a page that explains crypto and how and where to obtain DNotes would boost acceptance even more. 

That's a fantastic idea!

Thanks. Whatever we can do to increase adoption will eventually help the entire ecosystem. Never leave a potential customer wanting for information that will help make the sale and support the backend as well.

[Dyna]

If the definition of Accredited Investors becomes less restrictive and reasonable it will be a huge boost to Reg. D and Reg. A+ funding that involve accredited investors. It could also make future ICOs more likely to meet regulatory requirements. I just hope that our regulators will not make the new rules too burdensome.

Enjoy your reading and have a great day.

Will the Definition of an Accredited Investor Finally get Fixed? The JOBS and Investor Confidence Act Includes Bill that May Finally Address this Longstanding Problem

Crowfund Insider:
July 18, 2018 @ 8:32 am By JD Alois

The current definition of an accredited investor is a profound act of disenfranchisement. Policy makers decision to segregate investors based solely on how much money they have is a myopic, discriminatory act of rulemaking. The punitive definition of an accredited investor has been in place for decades, fueling an environment where the wealthy have access to some of the most promising investment opportunities and the poors not at all. But this travesty of rulemaking may finally change.

As part of the “JOBS and Investor Confidence Act of 2018,” a bill has been included that will update the definition. The “Fair Investment Opportunities for Professional Experts Act” (H.R. 1585) passed the House of Representatives by a voice vote in November 2017 indicating solid support in the House. The bipartisan legislation is co-sponsored by Representatives David Schweikert, Carolyn Maloney, French Hill and Kyrsten Sinema. While maintaining the current monetary hurdles to be considered an accredited investor, the language of the bill provides for a test, of sorts, for individuals that may not have a huge income but have the business acumen to decide for themselves if they want to invest in a private offering.

The language states that an individual may also be determined accredited as follows:

“any natural person the Commission determines, by regulation, to have demonstrable education or job experience to qualify such person as having professional knowledge of a subject related to a particular investment, and whose education or job experience is verified by the Financial Industry Regulatory Authority or an equivalent self-regulatory organization (as defined in section 3(a)(26) of the Securities Exchange Act of 1934)“

Depending on the final language as decided by the Senate, this could be huge for both investors and private offerings under Reg D (506c / 506b).

The Reg D securities exemption is an enormous market that translates into around $1 trillion a year in private offerings. Virtually all promising early stage firms use Reg D to raise growth capital. It is also the exemption of choice for security initial coin offerings (ICOs).

The current definition of an accredited investor is a problem that has existed for far too long. If the Senate gets this right, and modernizes the rule, this may be transformational for investors, issuers, AND crowdfunding platforms.

Source: https://www.crowdfundinsider.com/2018/07/136548-will-the-definition-of-an-accredited-investor-finally-get-fixed-the-jobs-and-investor-confidence-act-includes-bill-that-may-finally-address-this-longstanding-problem/

[WUWARAOLUOXIANG]

I will keep an eye on this project, seems really long-lived, just like chaincoin or ixtcoin. Hope for the good news upcoming!

[Dyna]

Well now anybody who uses wordpress can easily sell products for DNotes too, which is super handy. I'm sure we will soon be collating lists of online stores that accept DNotes for payment. As our software suite expands, we will be able to integrate all kinds of other automated steps into the process. For example when our exchange and bank are deployed, we could see DNotes paid to the merchant, then automatically exchanged for the merchants local currency, and sent to their bank account. This would make DNotes a preferred means of international trade for merchants that want to operate in fiat money -- which will make DNotes a competitor for global payments.

Very bright times ahead.

Brilliant idea. Including DNotes into sites the general public will frequent via the app will move us to the next step of public acceptance. Perhaps a link on the app window to a page that explains crypto and how and where to obtain DNotes would boost acceptance even more. 

That's a fantastic idea!

Thanks. Whatever we can do to increase adoption will eventually help the entire ecosystem. Never leave a potential customer wanting for information that will help make the sale and support the backend as well.

Thank you, RJF. We are very committed to mass adoption of DNotes as an inclusive trusted digital currency. DNotes Pay is absolutely a brilliant tool to help us achieve that goal.

[DNotes]

I will keep an eye on this project, seems really long-lived, just like chaincoin or ixtcoin. Hope for the good news upcoming!

Welcome WUWARAOLUOXIANG, thank for the comments! You can find our latest news on our blog: https://dnotescoin.com/blog-main-hub/ as well as sign up for our newsletter to be notified via email of any new developments.

[doctorlw1]

When will we see some of this work in action? Any upcoming dates as far as allowing us to test some of the features we've been seeing.

[DNotes]

When will we see some of this work in action? Any upcoming dates as far as allowing us to test some of the features we've been seeing.

There are a few available on our GitHub as Alpha Proof of Concept scripts. There will be more to come as well.

Wordpress plugin (working but we will be making some changes and fixing compatibility issues with certain themes)
https://github.com/DNotesCoin/dnotespay-wp-digital-poc

PHP / Javascript DNotes Pay script compatible with just about any website.
https://github.com/DNotesCoin/dnotespay-digital-poc
Live demonstration of purchasing the four pillars book: https://fourpillarsofbusinesssuccess.com/DNotesPay/
Video: https://www.youtube.com/watch?v=4tLDY3RPSbc
Configuring the script: https://www.youtube.com/watch?v=4tLDY3RPSbc&t=295s

Software version of DNotes Pay in C#
https://github.com/DNotesCoin/dnotespay-sw-poc
Working on a program to demonstrate the capabilities before releasing.

[TeeGee]

We also encourage you to download and/or install the software releases yourself to see for yourself how they can be used, and to provide feedback.

I'll definitely a video wordpress tutorial down as one of my tasks to do in the near future, especially since it is great to showcase how easy the wordpress plugins are to install and the number of people who can effortlessly install it and begin accepting DNotes for their online products.

[DCEBrief]

FSB: Crypto Poses No “Material Risk” to Stability of Global Finance

https://dcebrief.com/fsb-crypto-poses-no-material-risk-to-stability-of-global-finance/

[DNotes]

Just a heads up, we are having intermittent issues at DNotesVault. One of the servers keeps losing connection (problems at hosting).

DNotesVault will be down for about an hour, doing some updates, and it will be back online shortly.

[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/