[ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open

[grandmama]

Very nice to see that positions are being established for heading up the different programs.  Much needed in my opinion. The ship cannot sail unless it has a captain.  Feeling more and more confident each and every day with my decision to board the ship of DNotes.  You guys are great and make it very easy and comfortable for me to be on board with all decisions being made moving forward.  I feel I am very lucky to be a part of DNotes when cruising around looking at other crypto currencies.  It still boggles my mind that folks will get into the pump and dumps.  Seriously!!  Watching others talk about "pump it up" and "to the moon" just makes me want to scream, cause they just don't get it.  Thanks DNotes team, I appreciate all your hard work and strategic forward thinking.

[Dyna]

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

Apprentice Parody

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

Congrats, Mafort, and today, you all win:

Mafort recieved 2500 DNotes for participating, and 5000 from me for winning.
QiWoman recieved 2500 for participating, and another 2500 from me for second place.
Variant65 recieved 2500 DNotes from me for participating.
Populuxe: I need his Deposit Addy, and he will recieve 2500 from me for participating.

This is in addition to any DNotess promised by anyone else. Keep in mind, these DNotes are from my personal stash, I sold quite a few dayliles in the last year and turned em into DNotes. It was a good decision for me, the DNotes are growing MUCH faster than the Daylilies are!!

Smokey

Is there an exchange that does direct conversion?   

I am not sure if I clearly understand your question. Are you referring to converting fiat currency to DNotes?  Our current recommended process is not ideal but still deserves our highest recommendation because we believe in the value of being the best of class, even if it takes extra efforts. There are many good reasons why Coinbase was able to raise $75 million with the participation of some top bankers, recently.

Until there is a better solution, we recommend opening an account with Coinbase with a link to your bank account. In most states, you can also sign up for a USD account and add your savings to that account using USD so that you can purchase Bitcoin at anytime with instant delivery. Depending on your credit history, you can also be qualified for $1,000 instant buy by providing a major credit card. They do not accept credit cards as a source of payment but use it as a backup. Once you have Bitcoin purchased, the Bitcoin can be sent to one of the exchanges where DNotes is traded (Allcoin, Poloniex, C-cex, and Comkort) From there, you purchase DNotes and send them to your CR.I.S.P. Savings or one of the DNotesVault general accounts. Once you get use to the process it is not that complicated. Try to take it one step at a time, it is fairly straight forward.

Building a stable and trustworthy currency is complicated. It can take years and a lot of hard work. However, because it is of critical importance we believe it is well worth it. Having some extra money saved for retirement is of critical importance. I strongly encourage you to make the extra efforts to do it right and not have any doubt in your mind that your hard earned dollars are safely protected.

Our second choice is Circle. They are doing significantly better now but not without problems as can be seen below. Our ultimately goal is to have our own fully registered, regulated and licensed exchange with partner banks or our own bank. However, don't count on that to happen anytime soon. It will take a few years.

**********************

Circle.com is having trouble and making excuses (self.Bitcoin)
submitted 3 months ago by bitcoin844
Is anyone else having troubles with Circle.com? My account has both a verified bank account and credit card.
My supposedly "instant" buy order of $500 I placed on Friday morning still hasn't funded. I wrote support asking them to cancel the order and they sent me this form response
"We're writing today to follow up on an issue you reported with Circle deposits.
We may have delayed your transaction due to our fraud prevention monitoring. We apologize for any inconvenience. We should have this issue resolved in the next few days.
Since our launch on September 29th, we have seen a tremendous global response to Circle. As we ramp users, we continue to optimize and improve our systems.
Thank you for your patience, continued feedback, and support. Chris, Team Circle"
I have talked to two other people that have used Circle.com since since Wednesday, both tried to buy coin and haven't received it. Both tried to cancel and got the same form response.

Read more:

http://www.reddit.com/r/Bitcoin/comments/2iet4l/circlecom_is_having_trouble_and_making_excuses/

[Chase]

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

Apprentice Parody

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

Congrats, Mafort, and today, you all win:

Mafort recieved 2500 DNotes for participating, and 5000 from me for winning.
QiWoman recieved 2500 for participating, and another 2500 from me for second place.
Variant65 recieved 2500 DNotes from me for participating.
Populuxe: I need his Deposit Addy, and he will recieve 2500 from me for participating.

This is in addition to any DNotess promised by anyone else. Keep in mind, these DNotes are from my personal stash, I sold quite a few dayliles in the last year and turned em into DNotes. It was a good decision for me, the DNotes are growing MUCH faster than the Daylilies are!!

Smokey

Is there an exchange that does direct conversion?   

I am not sure if I clearly understand your question. Are you referring to converting fiat currency to DNotes?  Our current recommended process is not ideal but still deserves our highest recommendation because we believe in the value of being the best of class, even if it takes extra efforts. There are many good reasons why Coinbase was able to raise $75 million with the participation of some top bankers, recently.

Until there is a better solution, we recommend opening an account with Coinbase with a link to your bank account. In most states, you can also sign up for a USD account and add your savings to that account using USD so that you can purchase Bitcoin at anytime with instant delivery. Depending on your credit history, you can also be qualified for $1,000 instant buy by providing a major credit card. They do not accept credit cards as a source of payment but use it as a backup. Once you have Bitcoin purchased, the Bitcoin can be sent to one of the exchanges where DNotes is traded (Allcoin, Poloniex, C-cex, and Comkort) From there, you purchase DNotes and send them to your CR.I.S.P. Savings or one of the DNotesVault general accounts. Once you get use to the process it is not that complicated. Try to take it one step at a time, it is fairly straight forward.

Building a stable and trustworthy currency is complicated. It can take years and a lot of hard work. However, because it is of critical importance we believe it is well worth it. Having some extra money saved for retirement is of critical importance. I strongly encourage you to make the extra efforts to do it right and not have any doubt in your mind that your hard earned dollars are safely protected.

Our second choice is Circle. They are doing significantly better now but not without problems as can be seen below. Our ultimately goal is to have our own fully registered, regulated and licensed exchange with partner banks or our own bank. However, don't count on that to happen anytime soon. It will take a few years.

**********************

Circle.com is having trouble and making excuses (self.Bitcoin)
submitted 3 months ago by bitcoin844
Is anyone else having troubles with Circle.com? My account has both a verified bank account and credit card.
My supposedly "instant" buy order of $500 I placed on Friday morning still hasn't funded. I wrote support asking them to cancel the order and they sent me this form response
"We're writing today to follow up on an issue you reported with Circle deposits.
We may have delayed your transaction due to our fraud prevention monitoring. We apologize for any inconvenience. We should have this issue resolved in the next few days.
Since our launch on September 29th, we have seen a tremendous global response to Circle. As we ramp users, we continue to optimize and improve our systems.
Thank you for your patience, continued feedback, and support. Chris, Team Circle"
I have talked to two other people that have used Circle.com since since Wednesday, both tried to buy coin and haven't received it. Both tried to cancel and got the same form response.

Read more:

http://www.reddit.com/r/Bitcoin/comments/2iet4l/circlecom_is_having_trouble_and_making_excuses/

"I sold quite a few dayliles in the last year and turned em into DNotes"

I think RJF was just having some fun with Smokey's post. 

[Dyna]

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

Apprentice Parody

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

Congrats, Mafort, and today, you all win:

Mafort recieved 2500 DNotes for participating, and 5000 from me for winning.
QiWoman recieved 2500 for participating, and another 2500 from me for second place.
Variant65 recieved 2500 DNotes from me for participating.
Populuxe: I need his Deposit Addy, and he will recieve 2500 from me for participating.

This is in addition to any DNotess promised by anyone else. Keep in mind, these DNotes are from my personal stash, I sold quite a few dayliles in the last year and turned em into DNotes. It was a good decision for me, the DNotes are growing MUCH faster than the Daylilies are!!

Smokey

Is there an exchange that does direct conversion?   

I am not sure if I clearly understand your question. Are you referring to converting fiat currency to DNotes?  Our current recommended process is not ideal but still deserves our highest recommendation because we believe in the value of being the best of class, even if it takes extra efforts. There are many good reasons why Coinbase was able to raise $75 million with the participation of some top bankers, recently.

Until there is a better solution, we recommend opening an account with Coinbase with a link to your bank account. In most states, you can also sign up for a USD account and add your savings to that account using USD so that you can purchase Bitcoin at anytime with instant delivery. Depending on your credit history, you can also be qualified for $1,000 instant buy by providing a major credit card. They do not accept credit cards as a source of payment but use it as a backup. Once you have Bitcoin purchased, the Bitcoin can be sent to one of the exchanges where DNotes is traded (Allcoin, Poloniex, C-cex, and Comkort) From there, you purchase DNotes and send them to your CR.I.S.P. Savings or one of the DNotesVault general accounts. Once you get use to the process it is not that complicated. Try to take it one step at a time, it is fairly straight forward.

Building a stable and trustworthy currency is complicated. It can take years and a lot of hard work. However, because it is of critical importance we believe it is well worth it. Having some extra money saved for retirement is of critical importance. I strongly encourage you to make the extra efforts to do it right and not have any doubt in your mind that your hard earned dollars are safely protected.

Our second choice is Circle. They are doing significantly better now but not without problems as can be seen below. Our ultimately goal is to have our own fully registered, regulated and licensed exchange with partner banks or our own bank. However, don't count on that to happen anytime soon. It will take a few years.

**********************

Circle.com is having trouble and making excuses (self.Bitcoin)
submitted 3 months ago by bitcoin844
Is anyone else having troubles with Circle.com? My account has both a verified bank account and credit card.
My supposedly "instant" buy order of $500 I placed on Friday morning still hasn't funded. I wrote support asking them to cancel the order and they sent me this form response
"We're writing today to follow up on an issue you reported with Circle deposits.
We may have delayed your transaction due to our fraud prevention monitoring. We apologize for any inconvenience. We should have this issue resolved in the next few days.
Since our launch on September 29th, we have seen a tremendous global response to Circle. As we ramp users, we continue to optimize and improve our systems.
Thank you for your patience, continued feedback, and support. Chris, Team Circle"
I have talked to two other people that have used Circle.com since since Wednesday, both tried to buy coin and haven't received it. Both tried to cancel and got the same form response.

Read more:

http://www.reddit.com/r/Bitcoin/comments/2iet4l/circlecom_is_having_trouble_and_making_excuses/

"I sold quite a few dayliles in the last year and turned em into DNotes"

I think RJF was just having some fun with Smokey's post. 

Shark! You may be right, Chase. I had to give up my "nap" trying to figure out what RJF was asking about lol.

Talking about hard earned $$$. Those guys work hard. I was with them for six years. At least, I love flowers; may be they love money and now they seem to love DNotes even more. My guess is that everyone associated with the daylily farm now owns a decent amount of DNotes. Hope they will end up to be among the richest farmers one day.

[RJF]

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

Apprentice Parody

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

Congrats, Mafort, and today, you all win:

Mafort recieved 2500 DNotes for participating, and 5000 from me for winning.
QiWoman recieved 2500 for participating, and another 2500 from me for second place.
Variant65 recieved 2500 DNotes from me for participating.
Populuxe: I need his Deposit Addy, and he will recieve 2500 from me for participating.

This is in addition to any DNotess promised by anyone else. Keep in mind, these DNotes are from my personal stash, I sold quite a few dayliles in the last year and turned em into DNotes. It was a good decision for me, the DNotes are growing MUCH faster than the Daylilies are!!

Smokey

Is there an exchange that does direct conversion?   

I am not sure if I clearly understand your question. Are you referring to converting fiat currency to DNotes?  Our current recommended process is not ideal but still deserves our highest recommendation because we believe in the value of being the best of class, even if it takes extra efforts. There are many good reasons why Coinbase was able to raise $75 million with the participation of some top bankers, recently.

Until there is a better solution, we recommend opening an account with Coinbase with a link to your bank account. In most states, you can also sign up for a USD account and add your savings to that account using USD so that you can purchase Bitcoin at anytime with instant delivery. Depending on your credit history, you can also be qualified for $1,000 instant buy by providing a major credit card. They do not accept credit cards as a source of payment but use it as a backup. Once you have Bitcoin purchased, the Bitcoin can be sent to one of the exchanges where DNotes is traded (Allcoin, Poloniex, C-cex, and Comkort) From there, you purchase DNotes and send them to your CR.I.S.P. Savings or one of the DNotesVault general accounts. Once you get use to the process it is not that complicated. Try to take it one step at a time, it is fairly straight forward.

Building a stable and trustworthy currency is complicated. It can take years and a lot of hard work. However, because it is of critical importance we believe it is well worth it. Having some extra money saved for retirement is of critical importance. I strongly encourage you to make the extra efforts to do it right and not have any doubt in your mind that your hard earned dollars are safely protected.

Our second choice is Circle. They are doing significantly better now but not without problems as can be seen below. Our ultimately goal is to have our own fully registered, regulated and licensed exchange with partner banks or our own bank. However, don't count on that to happen anytime soon. It will take a few years.

**********************

Circle.com is having trouble and making excuses (self.Bitcoin)
submitted 3 months ago by bitcoin844
Is anyone else having troubles with Circle.com? My account has both a verified bank account and credit card.
My supposedly "instant" buy order of $500 I placed on Friday morning still hasn't funded. I wrote support asking them to cancel the order and they sent me this form response
"We're writing today to follow up on an issue you reported with Circle deposits.
We may have delayed your transaction due to our fraud prevention monitoring. We apologize for any inconvenience. We should have this issue resolved in the next few days.
Since our launch on September 29th, we have seen a tremendous global response to Circle. As we ramp users, we continue to optimize and improve our systems.
Thank you for your patience, continued feedback, and support. Chris, Team Circle"
I have talked to two other people that have used Circle.com since since Wednesday, both tried to buy coin and haven't received it. Both tried to cancel and got the same form response.

Read more:

http://www.reddit.com/r/Bitcoin/comments/2iet4l/circlecom_is_having_trouble_and_making_excuses/

"I sold quite a few dayliles in the last year and turned em into DNotes"

I think RJF was just having some fun with Smokey's post. 

Yup, just a little humor, emphasis on the "little"...
 

[RJF]

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

Apprentice Parody

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

Congrats, Mafort, and today, you all win:

Mafort recieved 2500 DNotes for participating, and 5000 from me for winning.
QiWoman recieved 2500 for participating, and another 2500 from me for second place.
Variant65 recieved 2500 DNotes from me for participating.
Populuxe: I need his Deposit Addy, and he will recieve 2500 from me for participating.

This is in addition to any DNotess promised by anyone else. Keep in mind, these DNotes are from my personal stash, I sold quite a few dayliles in the last year and turned em into DNotes. It was a good decision for me, the DNotes are growing MUCH faster than the Daylilies are!!

Smokey

Is there an exchange that does direct conversion?   

I am not sure if I clearly understand your question. Are you referring to converting fiat currency to DNotes?  Our current recommended process is not ideal but still deserves our highest recommendation because we believe in the value of being the best of class, even if it takes extra efforts. There are many good reasons why Coinbase was able to raise $75 million with the participation of some top bankers, recently.

Until there is a better solution, we recommend opening an account with Coinbase with a link to your bank account. In most states, you can also sign up for a USD account and add your savings to that account using USD so that you can purchase Bitcoin at anytime with instant delivery. Depending on your credit history, you can also be qualified for $1,000 instant buy by providing a major credit card. They do not accept credit cards as a source of payment but use it as a backup. Once you have Bitcoin purchased, the Bitcoin can be sent to one of the exchanges where DNotes is traded (Allcoin, Poloniex, C-cex, and Comkort) From there, you purchase DNotes and send them to your CR.I.S.P. Savings or one of the DNotesVault general accounts. Once you get use to the process it is not that complicated. Try to take it one step at a time, it is fairly straight forward.

Building a stable and trustworthy currency is complicated. It can take years and a lot of hard work. However, because it is of critical importance we believe it is well worth it. Having some extra money saved for retirement is of critical importance. I strongly encourage you to make the extra efforts to do it right and not have any doubt in your mind that your hard earned dollars are safely protected.

Our second choice is Circle. They are doing significantly better now but not without problems as can be seen below. Our ultimately goal is to have our own fully registered, regulated and licensed exchange with partner banks or our own bank. However, don't count on that to happen anytime soon. It will take a few years.

**********************

Circle.com is having trouble and making excuses (self.Bitcoin)
submitted 3 months ago by bitcoin844
Is anyone else having troubles with Circle.com? My account has both a verified bank account and credit card.
My supposedly "instant" buy order of $500 I placed on Friday morning still hasn't funded. I wrote support asking them to cancel the order and they sent me this form response
"We're writing today to follow up on an issue you reported with Circle deposits.
We may have delayed your transaction due to our fraud prevention monitoring. We apologize for any inconvenience. We should have this issue resolved in the next few days.
Since our launch on September 29th, we have seen a tremendous global response to Circle. As we ramp users, we continue to optimize and improve our systems.
Thank you for your patience, continued feedback, and support. Chris, Team Circle"
I have talked to two other people that have used Circle.com since since Wednesday, both tried to buy coin and haven't received it. Both tried to cancel and got the same form response.

Read more:

http://www.reddit.com/r/Bitcoin/comments/2iet4l/circlecom_is_having_trouble_and_making_excuses/

"I sold quite a few dayliles in the last year and turned em into DNotes"

I think RJF was just having some fun with Smokey's post. 

Shark! You may be right, Chase. I had to give up my "nap" trying to figure out what RJF was asking about lol.

Talking about hard earned $$$. Those guys work hard. I was with them for six years. At least, I love flowers; may be they love money and now they seem to love DNotes even more. My guess is that everyone associated with the daylily farm now owns a decent amount of DNotes. Hope they will end up to be among the richest farmers one day.

Sorry about you're nap! 

[SmokeysGardens]

Hi all, thought I'd throw out my couple fav's for our fun apprentice parody name competition, Smokey can feel free to review my list and add or what not I tried to go with one from each person. Then DYNA can choose his pick of the bunch.

Populuxe - "Dynamite Deal"
QiWoman - "Insignis Apprentice" (Insignas is latin for rapid growth)
Variant65 - "It's CRISP"
Malfort - "MentorNotes"

Any thoughts on these Smokey? Hope I didn't miss anybody!

Apprentice Parody

The winner of Apprentice Parody is "MentorNotes" by Malfort

The Runner-up is "Insignis Apprentice" by QiWoman

Congratulations to Malfort and all participants. Smokeys believe that you all are winners just by participating.

Now TeeGee can get creative and setup a “MentorNotes” fund for students to own some DNotes. I will make a generous donation once a program is in place. I envision that various funds could be setup with different sponsors who believe that education can make positive difference.

Congrats, Mafort, and today, you all win:

Mafort recieved 2500 DNotes for participating, and 5000 from me for winning.
QiWoman recieved 2500 for participating, and another 2500 from me for second place.
Variant65 recieved 2500 DNotes from me for participating.
Populuxe: I need his Deposit Addy, and he will recieve 2500 from me for participating.

This is in addition to any DNotess promised by anyone else. Keep in mind, these DNotes are from my personal stash, I sold quite a few dayliles in the last year and turned em into DNotes. It was a good decision for me, the DNotes are growing MUCH faster than the Daylilies are!!

Smokey

Is there an exchange that does direct conversion?   

I am not sure if I clearly understand your question. Are you referring to converting fiat currency to DNotes?  Our current recommended process is not ideal but still deserves our highest recommendation because we believe in the value of being the best of class, even if it takes extra efforts. There are many good reasons why Coinbase was able to raise $75 million with the participation of some top bankers, recently.

Until there is a better solution, we recommend opening an account with Coinbase with a link to your bank account. In most states, you can also sign up for a USD account and add your savings to that account using USD so that you can purchase Bitcoin at anytime with instant delivery. Depending on your credit history, you can also be qualified for $1,000 instant buy by providing a major credit card. They do not accept credit cards as a source of payment but use it as a backup. Once you have Bitcoin purchased, the Bitcoin can be sent to one of the exchanges where DNotes is traded (Allcoin, Poloniex, C-cex, and Comkort) From there, you purchase DNotes and send them to your CR.I.S.P. Savings or one of the DNotesVault general accounts. Once you get use to the process it is not that complicated. Try to take it one step at a time, it is fairly straight forward.

Building a stable and trustworthy currency is complicated. It can take years and a lot of hard work. However, because it is of critical importance we believe it is well worth it. Having some extra money saved for retirement is of critical importance. I strongly encourage you to make the extra efforts to do it right and not have any doubt in your mind that your hard earned dollars are safely protected.

Our second choice is Circle. They are doing significantly better now but not without problems as can be seen below. Our ultimately goal is to have our own fully registered, regulated and licensed exchange with partner banks or our own bank. However, don't count on that to happen anytime soon. It will take a few years.

**********************

Circle.com is having trouble and making excuses (self.Bitcoin)
submitted 3 months ago by bitcoin844
Is anyone else having troubles with Circle.com? My account has both a verified bank account and credit card.
My supposedly "instant" buy order of $500 I placed on Friday morning still hasn't funded. I wrote support asking them to cancel the order and they sent me this form response
"We're writing today to follow up on an issue you reported with Circle deposits.
We may have delayed your transaction due to our fraud prevention monitoring. We apologize for any inconvenience. We should have this issue resolved in the next few days.
Since our launch on September 29th, we have seen a tremendous global response to Circle. As we ramp users, we continue to optimize and improve our systems.
Thank you for your patience, continued feedback, and support. Chris, Team Circle"
I have talked to two other people that have used Circle.com since since Wednesday, both tried to buy coin and haven't received it. Both tried to cancel and got the same form response.

Read more:

http://www.reddit.com/r/Bitcoin/comments/2iet4l/circlecom_is_having_trouble_and_making_excuses/

"I sold quite a few dayliles in the last year and turned em into DNotes"

I think RJF was just having some fun with Smokey's post. 

Shark! You may be right, Chase. I had to give up my "nap" trying to figure out what RJF was asking about lol.

Talking about hard earned $$$. Those guys work hard. I was with them for six years. At least, I love flowers; may be they love money and now they seem to love DNotes even more. My guess is that everyone associated with the daylily farm now owns a decent amount of DNotes. Hope they will end up to be among the richest farmers one day.

Sorry about you're nap! 

     Ah........why I am always the last to get it?!!! Good one, RJF!! Dyna's "nap" is usually about 20 minutes anyway......I have longer eye-blinks than that! Since old folks need less sleep, and I know Dyna only sleeps about 5 hours a night.....that must mean he is really, really old........

Smokey

[TeeGee]

So I've got Populuxes Vault account details - I'll PM it to you smokey so he doesn't risk random e-mails from people.

Turns out he is somebody who saw my post in a facebook group about it!

I'll send 1000 Notes to all the participants also when I'm next at my own computer.

[Dyna]

DNotes takes the position that meeting regulatory, reporting and licensing requirements are extremely important once we meet the threshold of needing to be in compliance. I have attempted to point out the cost and time burden of doing so a number of times. We are still at the early stages of considering various options of which all are costly and time consuming to undertake. The following is the best article on this subject I came across. I strongly encourage you to study it very carefully. DNotes will take its time to do things right. From our prospective it will take another 4 to 5 years before mass consumer and merchant adoption will take place. Hope this sheds some light as to why we feel that way.

******************************

How to Protect Your Bitcoin Business from Regulators

[/b]

by Allen Scott @ 2014-10-30 10:46 AM
http://cointelegraph.com/news/112826/how-to-protect-your-bitcoin-business-from-regulators
 
 
Mike Gropp is the co-founder of the BitBays Bitcoin exchange and is in charge of the company’s compliance to the ever-changing landscape of cryptocurrency law.

After working in the financial sector in California, Mike moved to Beijing in 2010 where he launched his own corporate training company focusing on sales, professional speaking, and negotiations. While expanding his business, Mike taught undergraduate business courses at Beijing University of Chemical Technology in the prestigious IBC (International Business Curriculum) Program.

Mike is also an associate member of the Association of Certified Fraud Examiners, which is the world's largest anti-fraud organization and premier provider of anti-fraud training and education.

“Different companies have different legal strategies,” said Mike to CoinTelegraph via email. “Right now there are a lot of companies in the gray or so they think. They will send letters asking for clarification of their status whilst operating as an illegal money transmitter […] also, asking for a ruling while operating illegally doesn't cover one legally.”

We would like to thanks Mike for timely sharing his advice regarding regulatory compliance in light of the US regulators’ moves earlier this week when FinCEN and the SEC issued a pair of guidance documents and allegedly sent out secret requests to several Bitcoin companies, respectively.

CoinTelegraph: What is you background as far as regulatory compliance is concerned?

Mike Gropp: I'm apart of the Association of Certified Fraud Examiners. Fraud Examiners investigate financial fraud from petty cash skimming and larceny up to financial statement fraud where liabilities are understated or revenues are overstated in the millions (like the Enron and WorldCom scandals.) I'm also a Co-Founder of BitBays.com, a Bitcoin exchange, and I’m handling our compliance and risk programs.

CT: What are the relevant regulatory bodies where one must register in the US?

MG: For an exchange or payment processor one would need to register with FinCEN as a Money Service Business. Also, 48 out of the 50 states require money transmitter licensing at the state level. The names of these regulatory bodies vary slightly. In Hawaii it's the Division of Financial Institutions. In North Carolina it's the Commissioner of Banks. If one wants to offer securities they should contact the SEC. Lastly, let's not forget the IRS because they certainly wouldn't forget you...

“Payment processors and exchanges with US clients should immediately go to FinCEN.gov and register as an MSB. “The real challenge is registering at the state level, which must be done in every state one wishes to operate as a money transmitter.”
- Mike Gropp

CT: What steps should a US-based exchange or payment processor take right now to be compliant with FinCEN, the IRS and the SEC? What does it actually mean to be "fully compliant"?

MG: Whether one is a US-based exchange or not doesn't decide whether one needs to register. The question is whether a company has clients in the US or not. If so, they are subject to regulations of that jurisdiction.

Payment processors and exchanges with US clients should immediately go to FinCEN.gov and register as an MSB. This is quite simple. The real work is ongoing reporting: CTR (Currency Transaction Reports) and SAR (Suspicious Activity Reports).

The real challenge is registering at the state level, which must be done in every state one wishes to operate as a money transmitter. It's not a simple registration. It's an investigation into one's company to determine if a license will be given. This includes producing audited financial statements, being subject to background checks, and more. It could take as long as a year or more.

Furthermore, the fees range from US$100 to US$5,000 per state. There are also ongoing financial obligations. One is a net worth requirement of US$1,000 to US$2,000,000. The other is a surety bond (or equivalent) per each state ranging from US$10,000 to US$2,000,000 with California as an outlier at US$7,000,000.

These bonds cost 2-7% annually to maintain which puts one's licensing expenses over a quarter-million dollars minimum annually from bonds alone. These bonds act as insurance against losing or misappropriating customer funds.

It's not just about being something on paper either. MSBs need serious policies in place to prevent fraud, money laundering, and terrorist financing. MSBs also need strong internal controls and effective employee training for identifying suspicious activity. At the very basic level this includes a KYC (Know Your Customer) policy to verify client identities. This not only reduces one's legal risk by preventing organized crime and terrorist organizations from using one's platform, but it also reduces financial fraud. It's not just a legal responsibility, it makes financial sense.

As far as the IRS, registering as an FFI (Foreign Financial Institution) to be FATCA (Foreign Account Tax Compliant Act) compliant is similar to registering with FinCEN. Doing so is easy, but one most give ongoing reports of US client transactions and account balances. The IRS isn't necessarily looking for taxes from the FFI, but rather to ensure US citizens aren't using the FFI to evade taxes.

“BTC companies operating as unregistered money transmitters face civil penalties of US$5,000 per day, and criminal penalties up to 5 years in jail.”
- Mike Gropp

CT: Tell us about the penalties companies that have allegedly received SEC letters in the past week could potentially be facing. What about being an MSB - What are the consequences of not registering or being compliant?

MG: There are two issues at hand. One is operating as an unregistered broker-dealer. The other is selling unregistered securities. Here's one example. Last year a company out of Cyprus, Banc de Binary, selling binary options online operated as an unregistered broker-dealer selling unregistered securities. They were assessed civil penalties including forfeiture of profits and an injunction barring them from accepting US clients.

BTC companies operating as unregistered broker-dealers offering unregistered securities could be forced to forfeit profits, pay hefty fines, and get blacklisted from accepting US clients in the future. BTC companies operating as unregistered money transmitters face civil penalties of US$5,000 per day, and criminal penalties up to 5 years in jail.

According to 2011 FinCEN definition, money transmission includes fiat or digital currencies. A crypto-only exchange is still considered a money transmitter by this definition. Also, there are no thresholds. Any amount of bitcoins or fiat transmitted from one person to another by a third-party is considered money transmission.
Companies, such as OKCoin, are using thresholds intended for other types of MSBs, such a prepaid access. If anything I hope this interview abolishes the myth that avoiding fiat or enforcing daily thresholds exempts one from money transmitter licensing.

“If anything I hope this interview abolishes the myth that avoiding fiat or enforcing daily thresholds exempts one from money transmitter licensing.”
- Mike Gropp

CT: Are there extra requirements or benefits for being a local or international company?

MG: Local US companies pay taxes to the IRS. International companies have to work with the IRS to stop US clients from evading taxes.

CT: Aren’t there some ‘safe haven’ jurisdictions such as Belize where companies could register without jumping through so many regulatory hoops?

MG: Once again, it's all about where your clients are and what your legal strategy may be. If you have clients in the US, be compliant in the US. Our strategy at BitBays is quite conservative: register where necessary, meet the highest compliance requirements, follow best practices, and streamline our reporting to the various agencies from country to country where reporting is required.

Some companies may look into registering their domain in obscure places under pseudonyms, keep operations decentralized or in 'safe havens,' even being versed in local extradition laws. This is another extreme. The Bitcoin ecosystem will have both.
“The current gray is going to get black and white real fast.”
- Mike Gropp

CT: How do you think these regulations will affect the market?

MG: Regulatory bodies are beginning to make their presence felt in a tangible way. Some companies will face civil penalties; this burden may sink a few companies. Many will say parley, and a few will raise the black flag with cross bones and sail on to darker waters. The current gray is going to get black and white real fast.

[RJF]

DNotes takes the position that meeting regulatory, reporting and licensing requirements are extremely important once we meet the threshold of needing to be in compliance. I have attempted to point out the cost and time burden of doing so a number of times. We are still at the early stages of considering various options of which all are costly and time consuming to undertake. The following is the best article on this subject I came across. I strongly encourage you to study it very carefully. DNotes will take its time to do things right. From our prospective it will take another 4 to 5 years before mass consumer and merchant adoption will take place. Hope this sheds some light as to why we feel that way.

******************************

How to Protect Your Bitcoin Business from Regulators

[/b]

by Allen Scott @ 2014-10-30 10:46 AM
http://cointelegraph.com/news/112826/how-to-protect-your-bitcoin-business-from-regulators
 
 
Mike Gropp is the co-founder of the BitBays Bitcoin exchange and is in charge of the company’s compliance to the ever-changing landscape of cryptocurrency law.

After working in the financial sector in California, Mike moved to Beijing in 2010 where he launched his own corporate training company focusing on sales, professional speaking, and negotiations. While expanding his business, Mike taught undergraduate business courses at Beijing University of Chemical Technology in the prestigious IBC (International Business Curriculum) Program.

Mike is also an associate member of the Association of Certified Fraud Examiners, which is the world's largest anti-fraud organization and premier provider of anti-fraud training and education.

“Different companies have different legal strategies,” said Mike to CoinTelegraph via email. “Right now there are a lot of companies in the gray or so they think. They will send letters asking for clarification of their status whilst operating as an illegal money transmitter […] also, asking for a ruling while operating illegally doesn't cover one legally.”

We would like to thanks Mike for timely sharing his advice regarding regulatory compliance in light of the US regulators’ moves earlier this week when FinCEN and the SEC issued a pair of guidance documents and allegedly sent out secret requests to several Bitcoin companies, respectively.

CoinTelegraph: What is you background as far as regulatory compliance is concerned?

Mike Gropp: I'm apart of the Association of Certified Fraud Examiners. Fraud Examiners investigate financial fraud from petty cash skimming and larceny up to financial statement fraud where liabilities are understated or revenues are overstated in the millions (like the Enron and WorldCom scandals.) I'm also a Co-Founder of BitBays.com, a Bitcoin exchange, and I’m handling our compliance and risk programs.

CT: What are the relevant regulatory bodies where one must register in the US?

MG: For an exchange or payment processor one would need to register with FinCEN as a Money Service Business. Also, 48 out of the 50 states require money transmitter licensing at the state level. The names of these regulatory bodies vary slightly. In Hawaii it's the Division of Financial Institutions. In North Carolina it's the Commissioner of Banks. If one wants to offer securities they should contact the SEC. Lastly, let's not forget the IRS because they certainly wouldn't forget you...

“Payment processors and exchanges with US clients should immediately go to FinCEN.gov and register as an MSB. “The real challenge is registering at the state level, which must be done in every state one wishes to operate as a money transmitter.”
- Mike Gropp

CT: What steps should a US-based exchange or payment processor take right now to be compliant with FinCEN, the IRS and the SEC? What does it actually mean to be "fully compliant"?

MG: Whether one is a US-based exchange or not doesn't decide whether one needs to register. The question is whether a company has clients in the US or not. If so, they are subject to regulations of that jurisdiction.

Payment processors and exchanges with US clients should immediately go to FinCEN.gov and register as an MSB. This is quite simple. The real work is ongoing reporting: CTR (Currency Transaction Reports) and SAR (Suspicious Activity Reports).

The real challenge is registering at the state level, which must be done in every state one wishes to operate as a money transmitter. It's not a simple registration. It's an investigation into one's company to determine if a license will be given. This includes producing audited financial statements, being subject to background checks, and more. It could take as long as a year or more.

Furthermore, the fees range from US$100 to US$5,000 per state. There are also ongoing financial obligations. One is a net worth requirement of US$1,000 to US$2,000,000. The other is a surety bond (or equivalent) per each state ranging from US$10,000 to US$2,000,000 with California as an outlier at US$7,000,000.

These bonds cost 2-7% annually to maintain which puts one's licensing expenses over a quarter-million dollars minimum annually from bonds alone. These bonds act as insurance against losing or misappropriating customer funds.

It's not just about being something on paper either. MSBs need serious policies in place to prevent fraud, money laundering, and terrorist financing. MSBs also need strong internal controls and effective employee training for identifying suspicious activity. At the very basic level this includes a KYC (Know Your Customer) policy to verify client identities. This not only reduces one's legal risk by preventing organized crime and terrorist organizations from using one's platform, but it also reduces financial fraud. It's not just a legal responsibility, it makes financial sense.

As far as the IRS, registering as an FFI (Foreign Financial Institution) to be FATCA (Foreign Account Tax Compliant Act) compliant is similar to registering with FinCEN. Doing so is easy, but one most give ongoing reports of US client transactions and account balances. The IRS isn't necessarily looking for taxes from the FFI, but rather to ensure US citizens aren't using the FFI to evade taxes.

“BTC companies operating as unregistered money transmitters face civil penalties of US$5,000 per day, and criminal penalties up to 5 years in jail.”
- Mike Gropp

CT: Tell us about the penalties companies that have allegedly received SEC letters in the past week could potentially be facing. What about being an MSB - What are the consequences of not registering or being compliant?

MG: There are two issues at hand. One is operating as an unregistered broker-dealer. The other is selling unregistered securities. Here's one example. Last year a company out of Cyprus, Banc de Binary, selling binary options online operated as an unregistered broker-dealer selling unregistered securities. They were assessed civil penalties including forfeiture of profits and an injunction barring them from accepting US clients.

BTC companies operating as unregistered broker-dealers offering unregistered securities could be forced to forfeit profits, pay hefty fines, and get blacklisted from accepting US clients in the future. BTC companies operating as unregistered money transmitters face civil penalties of US$5,000 per day, and criminal penalties up to 5 years in jail.

According to 2011 FinCEN definition, money transmission includes fiat or digital currencies. A crypto-only exchange is still considered a money transmitter by this definition. Also, there are no thresholds. Any amount of bitcoins or fiat transmitted from one person to another by a third-party is considered money transmission.
Companies, such as OKCoin, are using thresholds intended for other types of MSBs, such a prepaid access. If anything I hope this interview abolishes the myth that avoiding fiat or enforcing daily thresholds exempts one from money transmitter licensing.

“If anything I hope this interview abolishes the myth that avoiding fiat or enforcing daily thresholds exempts one from money transmitter licensing.”
- Mike Gropp

CT: Are there extra requirements or benefits for being a local or international company?

MG: Local US companies pay taxes to the IRS. International companies have to work with the IRS to stop US clients from evading taxes.

CT: Aren’t there some ‘safe haven’ jurisdictions such as Belize where companies could register without jumping through so many regulatory hoops?

MG: Once again, it's all about where your clients are and what your legal strategy may be. If you have clients in the US, be compliant in the US. Our strategy at BitBays is quite conservative: register where necessary, meet the highest compliance requirements, follow best practices, and streamline our reporting to the various agencies from country to country where reporting is required.

Some companies may look into registering their domain in obscure places under pseudonyms, keep operations decentralized or in 'safe havens,' even being versed in local extradition laws. This is another extreme. The Bitcoin ecosystem will have both.
“The current gray is going to get black and white real fast.”
- Mike Gropp

CT: How do you think these regulations will affect the market?

MG: Regulatory bodies are beginning to make their presence felt in a tangible way. Some companies will face civil penalties; this burden may sink a few companies. Many will say parley, and a few will raise the black flag with cross bones and sail on to darker waters. The current gray is going to get black and white real fast.

Yes, as expected, a real nightmare of regulation but, that's as it stands now, at this point in time. What the future actually holds is anyone's guess at this point. I could be better, it could be worse but one thing is for certain, it will involve regulation. We need to remember that we have a voice and in this industry, we have a global voice. Don't be afraid to speak up and tell 'em what you think. Be civil, be intelligent but please, do speak up.

[Dyna]

DNotes takes the position that meeting regulatory, reporting and licensing requirements are extremely important once we meet the threshold of needing to be in compliance. I have attempted to point out the cost and time burden of doing so a number of times. We are still at the early stages of considering various options of which all are costly and time consuming to undertake. The following is the best article on this subject I came across. I strongly encourage you to study it very carefully. DNotes will take its time to do things right. From our prospective it will take another 4 to 5 years before mass consumer and merchant adoption will take place. Hope this sheds some light as to why we feel that way.

******************************

How to Protect Your Bitcoin Business from Regulators

[/b]

by Allen Scott @ 2014-10-30 10:46 AM
http://cointelegraph.com/news/112826/how-to-protect-your-bitcoin-business-from-regulators
 
 
Mike Gropp is the co-founder of the BitBays Bitcoin exchange and is in charge of the company’s compliance to the ever-changing landscape of cryptocurrency law.

After working in the financial sector in California, Mike moved to Beijing in 2010 where he launched his own corporate training company focusing on sales, professional speaking, and negotiations. While expanding his business, Mike taught undergraduate business courses at Beijing University of Chemical Technology in the prestigious IBC (International Business Curriculum) Program.

Mike is also an associate member of the Association of Certified Fraud Examiners, which is the world's largest anti-fraud organization and premier provider of anti-fraud training and education.

“Different companies have different legal strategies,” said Mike to CoinTelegraph via email. “Right now there are a lot of companies in the gray or so they think. They will send letters asking for clarification of their status whilst operating as an illegal money transmitter […] also, asking for a ruling while operating illegally doesn't cover one legally.”

We would like to thanks Mike for timely sharing his advice regarding regulatory compliance in light of the US regulators’ moves earlier this week when FinCEN and the SEC issued a pair of guidance documents and allegedly sent out secret requests to several Bitcoin companies, respectively.

CoinTelegraph: What is you background as far as regulatory compliance is concerned?

Mike Gropp: I'm apart of the Association of Certified Fraud Examiners. Fraud Examiners investigate financial fraud from petty cash skimming and larceny up to financial statement fraud where liabilities are understated or revenues are overstated in the millions (like the Enron and WorldCom scandals.) I'm also a Co-Founder of BitBays.com, a Bitcoin exchange, and I’m handling our compliance and risk programs.

CT: What are the relevant regulatory bodies where one must register in the US?

MG: For an exchange or payment processor one would need to register with FinCEN as a Money Service Business. Also, 48 out of the 50 states require money transmitter licensing at the state level. The names of these regulatory bodies vary slightly. In Hawaii it's the Division of Financial Institutions. In North Carolina it's the Commissioner of Banks. If one wants to offer securities they should contact the SEC. Lastly, let's not forget the IRS because they certainly wouldn't forget you...

“Payment processors and exchanges with US clients should immediately go to FinCEN.gov and register as an MSB. “The real challenge is registering at the state level, which must be done in every state one wishes to operate as a money transmitter.”
- Mike Gropp

CT: What steps should a US-based exchange or payment processor take right now to be compliant with FinCEN, the IRS and the SEC? What does it actually mean to be "fully compliant"?

MG: Whether one is a US-based exchange or not doesn't decide whether one needs to register. The question is whether a company has clients in the US or not. If so, they are subject to regulations of that jurisdiction.

Payment processors and exchanges with US clients should immediately go to FinCEN.gov and register as an MSB. This is quite simple. The real work is ongoing reporting: CTR (Currency Transaction Reports) and SAR (Suspicious Activity Reports).

The real challenge is registering at the state level, which must be done in every state one wishes to operate as a money transmitter. It's not a simple registration. It's an investigation into one's company to determine if a license will be given. This includes producing audited financial statements, being subject to background checks, and more. It could take as long as a year or more.

Furthermore, the fees range from US$100 to US$5,000 per state. There are also ongoing financial obligations. One is a net worth requirement of US$1,000 to US$2,000,000. The other is a surety bond (or equivalent) per each state ranging from US$10,000 to US$2,000,000 with California as an outlier at US$7,000,000.

These bonds cost 2-7% annually to maintain which puts one's licensing expenses over a quarter-million dollars minimum annually from bonds alone. These bonds act as insurance against losing or misappropriating customer funds.

It's not just about being something on paper either. MSBs need serious policies in place to prevent fraud, money laundering, and terrorist financing. MSBs also need strong internal controls and effective employee training for identifying suspicious activity. At the very basic level this includes a KYC (Know Your Customer) policy to verify client identities. This not only reduces one's legal risk by preventing organized crime and terrorist organizations from using one's platform, but it also reduces financial fraud. It's not just a legal responsibility, it makes financial sense.

As far as the IRS, registering as an FFI (Foreign Financial Institution) to be FATCA (Foreign Account Tax Compliant Act) compliant is similar to registering with FinCEN. Doing so is easy, but one most give ongoing reports of US client transactions and account balances. The IRS isn't necessarily looking for taxes from the FFI, but rather to ensure US citizens aren't using the FFI to evade taxes.

“BTC companies operating as unregistered money transmitters face civil penalties of US$5,000 per day, and criminal penalties up to 5 years in jail.”
- Mike Gropp

CT: Tell us about the penalties companies that have allegedly received SEC letters in the past week could potentially be facing. What about being an MSB - What are the consequences of not registering or being compliant?

MG: There are two issues at hand. One is operating as an unregistered broker-dealer. The other is selling unregistered securities. Here's one example. Last year a company out of Cyprus, Banc de Binary, selling binary options online operated as an unregistered broker-dealer selling unregistered securities. They were assessed civil penalties including forfeiture of profits and an injunction barring them from accepting US clients.

BTC companies operating as unregistered broker-dealers offering unregistered securities could be forced to forfeit profits, pay hefty fines, and get blacklisted from accepting US clients in the future. BTC companies operating as unregistered money transmitters face civil penalties of US$5,000 per day, and criminal penalties up to 5 years in jail.

According to 2011 FinCEN definition, money transmission includes fiat or digital currencies. A crypto-only exchange is still considered a money transmitter by this definition. Also, there are no thresholds. Any amount of bitcoins or fiat transmitted from one person to another by a third-party is considered money transmission.
Companies, such as OKCoin, are using thresholds intended for other types of MSBs, such a prepaid access. If anything I hope this interview abolishes the myth that avoiding fiat or enforcing daily thresholds exempts one from money transmitter licensing.

“If anything I hope this interview abolishes the myth that avoiding fiat or enforcing daily thresholds exempts one from money transmitter licensing.”
- Mike Gropp

CT: Are there extra requirements or benefits for being a local or international company?

MG: Local US companies pay taxes to the IRS. International companies have to work with the IRS to stop US clients from evading taxes.

CT: Aren’t there some ‘safe haven’ jurisdictions such as Belize where companies could register without jumping through so many regulatory hoops?

MG: Once again, it's all about where your clients are and what your legal strategy may be. If you have clients in the US, be compliant in the US. Our strategy at BitBays is quite conservative: register where necessary, meet the highest compliance requirements, follow best practices, and streamline our reporting to the various agencies from country to country where reporting is required.

Some companies may look into registering their domain in obscure places under pseudonyms, keep operations decentralized or in 'safe havens,' even being versed in local extradition laws. This is another extreme. The Bitcoin ecosystem will have both.
“The current gray is going to get black and white real fast.”
- Mike Gropp

CT: How do you think these regulations will affect the market?

MG: Regulatory bodies are beginning to make their presence felt in a tangible way. Some companies will face civil penalties; this burden may sink a few companies. Many will say parley, and a few will raise the black flag with cross bones and sail on to darker waters. The current gray is going to get black and white real fast.

Yes, as expected, a real nightmare of regulation but, that's as it stands now, at this point in time. What the future actually holds is anyone's guess at this point. I could be better, it could be worse but one thing is for certain, it will involve regulation. We need to remember that we have a voice and in this industry, we have a global voice. Don't be afraid to speak up and tell 'em what you think. Be civil, be intelligent but please, do speak up.

RJF, you are absolutely correct. I have never taken a strong political stand. I am a proud independent. The one who gives me the most confident gets my vote. Sadly, sometimes, none did. This time around I feel very passionate that we may need a grass root campaign to be much more vocal that our political leaders need to be educated and better informed about Digital Currency as the greatest technology revolution since the internet. I may want to start writing a few Op-Eds. Perhaps our community in cooperation with some industry leaders may want to consider writing an E book just for our political leaders to help them get better educated. With 2016 election not that far out this may be our best chance to speak out. We will "Be civil, be intelligent", of course.

[Dyna]

This is worth a read:

http://www.coindesk.com/volatility-deflation-manipulation-response-bitcoins-critics/

We are constantly reminded that no matter how excited and optimistic our industry gets on the heels of mega investment like the $75 million funding Coinbase just received, there will always be critics, regulatory hurdles, and fearful competition to slow us down. Unfortunately, this is not likely to end anytime soon.

The critics will involve the ill informed, as well as the elite group who disagreed merely because of “philosophical differences on the origin and nature of money. The overreaching costly regulatory burdens will remain until the global industry voice can be convincingly heard by enough caring political leaders. The competitions like the Mastercard and others being disrupted will continue to fight back in defense of their self interest for survival.

The notion that medium of exchange must be through imposed legal tender is a myth and outdated. The value of exchange is an established agreement between the two parties involved in the trade or exchange. If I agree to trade with you five live chickens for a live pig and you agreed that transaction is completed without legal tender. Of course, by modern day standard this is an exaggerated inconvenience of medium of exchange. Yes, I know that. It is done on purpose to argue that if there is an even more convenience and efficient medium of exchange, why don’t we embrace it?

There are three compelling reasons:

1.   “Merely because of philosophical differences on the origin and nature of money”.

2.   “Instinctive protection and defense of self-interest for survival.

3.   Political leaders are ill-informed on the subject, to represent the best interest of the people.


Oops, just went past my bed time. TeeGee may want to continue from the otherside of the world.

[TeeGee]

This is worth a read:

http://www.coindesk.com/volatility-deflation-manipulation-response-bitcoins-critics/

We are constantly reminded that no matter how excited and optimistic our industry gets on the heels of mega investment like the $75 million funding Coinbase just received, there will always be critics, regulatory hurdles, and fearful competition to slow us down. Unfortunately, this is not likely to end anytime soon.

The critics will involve the ill informed, as well as the elite group who disagreed merely because of “philosophical differences on the origin and nature of money. The overreaching costly regulatory burdens will remain until the global industry voice can be convincingly heard by enough caring political leaders. The competitions like the Mastercard and others being disrupted will continue to fight back in defense of their self interest for survival.

The notion that medium of exchange must be through imposed legal tender is a myth and outdated. The value of exchange is an established agreement between the two parties involved in the trade or exchange. If I agree to trade with you five live chickens for a live pig and you agreed that transaction is completed without legal tender. Of course, by modern day standard this is an exaggerated inconvenience of medium of exchange. Yes, I know that. It is done on purpose to argue that if there is an even more convenience and efficient medium of exchange, why don’t we embrace it?

There are three compelling reasons:

1.   “Merely because of philosophical differences on the origin and nature of money”.

2.   “Instinctive protection and defense of self-interest for survival.

3.   Political leaders are ill-informed on the subject, to represent the best interest of the people.


Oops, just went past my bed time. TeeGee may want to continue from the otherside of the world.

Sheesh, that one really opens up the likelihood of a very long post! but I don't think I can do that tonight.

I would like to add a new point to consider, but not entirely related to crypto about your third point - crypto offers the everyday man true democracy, or what I call 'participatory democracy'.


Cryptocurrencies allow us to 'vote' with our dollars
When you go to the ballot box and cast a vote, you are voting for a 'candidate' who will have their mind made up on issues x, y and z. For arguments sake, let's call x, y and z: 'sustainability', 'economy' and 'welfare'.

Now say you are a voter, and you have two people you can vote for, but one candidate offers you sustainability and economy issues that you find preferable, but falls on the wrong side of your views when it comes to welfare - the issue you care most about. You end up voting for the other candidate who had a 'better' welfare policy, even though you really didn't like that candidates position on sustainability and economic issues. If the candidate that you voted for wins, they will interpret your vote, and the votes of others as a 'mandate' to do whatever they like because they think  everybody tends to agree with them on every issue. This would be the case even if 75% of the population disagreed with said candidates economic policies, but they just chose to vote for the candidate because they felt more strongly about welfare and social justice issues.

What i'm building to, is that democracy in the form that we know it to be today, offers politicians a lot of power while simultaneously removing a lot of choice from every day voters. Voting is a very inefficient means of communicating societal 'value'. It is possible with crypto to decentralise the entire political system. People will be able to fund and pay for separate policies and issues according to their conscience, issue by issue in a timely manner by voting with their crypto to fund projects. Instead of governments needing to 'politely scare you' to pay taxes lest they throw you into a cage to rot for a few years so they can raise money for social programs and military industrial complexes etc, politicians would have to convince individuals the merits their policy would deliver to the every day citizen, and convince them to separate with their hard earned crypto in order to fund it.

This would severely limit government power, and the ability to wage war where only political elites profit. Can you imagine an appeal from Obama or Bush on TV saying "We believe that we can wage war against terrorism by aggravating those who wish to cause us harm while killing millions of innocent civilians in the process - if you agree, then please send your crypto to the following address...and we can make this war possible..."

There is also the other issue that governments can't just print more money to fund perpetual war. I can imagine governments creating digital currencies that they control the supply of in the future like Ecuador has.


I don't think politicians like the idea of a world where voters get 'real' choice, where the power is taken away from the political system. This whole topic is a massive can of worms, so I won't go into it much further.

[Dyna]

This is worth a read:

http://www.coindesk.com/volatility-deflation-manipulation-response-bitcoins-critics/

We are constantly reminded that no matter how excited and optimistic our industry gets on the heels of mega investment like the $75 million funding Coinbase just received, there will always be critics, regulatory hurdles, and fearful competition to slow us down. Unfortunately, this is not likely to end anytime soon.

The critics will involve the ill informed, as well as the elite group who disagreed merely because of “philosophical differences on the origin and nature of money. The overreaching costly regulatory burdens will remain until the global industry voice can be convincingly heard by enough caring political leaders. The competitions like the Mastercard and others being disrupted will continue to fight back in defense of their self interest for survival.

The notion that medium of exchange must be through imposed legal tender is a myth and outdated. The value of exchange is an established agreement between the two parties involved in the trade or exchange. If I agree to trade with you five live chickens for a live pig and you agreed that transaction is completed without legal tender. Of course, by modern day standard this is an exaggerated inconvenience of medium of exchange. Yes, I know that. It is done on purpose to argue that if there is an even more convenience and efficient medium of exchange, why don’t we embrace it?

There are three compelling reasons:

1.   “Merely because of philosophical differences on the origin and nature of money”.

2.   “Instinctive protection and defense of self-interest for survival.

3.   Political leaders are ill-informed on the subject, to represent the best interest of the people.


Oops, just went past my bed time. TeeGee may want to continue from the otherside of the world.

Sheesh, that one really opens up the likelihood of a very long post! but I don't think I can do that tonight.

I would like to add a new point to consider, but not entirely related to crypto about your third point - crypto offers the everyday man true democracy, or what I call 'participatory democracy'.


Cryptocurrencies allow us to 'vote' with our dollars
When you go to the ballot box and cast a vote, you are voting for a 'candidate' who will have their mind made up on issues x, y and z. For arguments sake, let's call x, y and z: 'sustainability', 'economy' and 'welfare'.

Now say you are a voter, and you have two people you can vote for, but one candidate offers you sustainability and economy issues that you find preferable, but falls on the wrong side of your views when it comes to welfare - the issue you care most about. You end up voting for the other candidate who had a 'better' welfare policy, even though you really didn't like that candidates position on sustainability and economic issues. If the candidate that you voted for wins, they will interpret your vote, and the votes of others as a 'mandate' to do whatever they like because they think  everybody tends to agree with them on every issue. This would be the case even if 75% of the population disagreed with said candidates economic policies, but they just chose to vote for the candidate because they felt more strongly about welfare and social justice issues.

What i'm building to, is that democracy in the form that we know it to be today, offers politicians a lot of power while simultaneously removing a lot of choice from every day voters. Voting is a very inefficient means of communicating societal 'value'. It is possible with crypto to decentralise the entire political system. People will be able to fund and pay for separate policies and issues according to their conscience, issue by issue in a timely manner by voting with their crypto to fund projects. Instead of governments needing to 'politely scare you' to pay taxes lest they throw you into a cage to rot for a few years so they can raise money for social programs and military industrial complexes etc, politicians would have to convince individuals the merits their policy would deliver to the every day citizen, and convince them to separate with their hard earned crypto in order to fund it.

This would severely limit government power, and the ability to wage war where only political elites profit. Can you imagine an appeal from Obama or Bush on TV saying "We believe that we can wage war against terrorism by aggravating those who wish to cause us harm while killing millions of innocent civilians in the process - if you agree, then please send your crypto to the following address...and we can make this war possible..."

There is also the other issue that governments can't just print more money to fund perpetual war. I can imagine governments creating digital currencies that they control the supply of in the future like Ecuador has.


I don't think politicians like the idea of a world where voters get 'real' choice, where the power is taken away from the political system. This whole topic is a massive can of worms, so I won't go into it much further.

Sorry, about that TeeGee. I was just being wishful when I could hardly keep my eyes open any longer. I will continue another time.

Your new post is very interesting. When DNotes reached the scale and the power of influence, conceptually, that could be a very powerful tool to send a message to political leaders.

Meanwhile, I agree with your conclusion: "I don't think politicians like the idea of a world where voters get 'real' choice, where the power is taken away from the political system. This whole topic is a massive can of worms, so I won't go into it much further."

[RJF]

Some quick promotional bullets:

"Don't fear the future, plan for it! - http://dnotesvault.com/crisp-for-retirement.php"

"Retirement happens! Are you ready? - http://dnotesvault.com/crisp-for-retirement.php"

"Have you seen you're money recently? Visit it at http://dnotesvault.com/crisp-for-retirement.php"

"Do you work for your money? Make your money work for you. - http://dnotesvault.com/crisp-for-retirement.php"

"Does your portfolio include DNotes? Become future proof, go digital! - http://dnotesvault.com/crisp-for-retirement.php"

"Counting on stocks and IRAs to see you through retirement? There might not be much left to count. Visit us. - http://dnotesvault.com/crisp-for-retirement.php"

"Does retiring mean you just switch to a lower paying job? Put something valuable away before it's too late. - http://dnotesvault.com/crisp-for-retirement.php"

"Long term appreciation. Increasing value. Investment. Stability. Comfortable retirement. They're not just dreams, check us out. http://dnotesvault.com/crisp-for-retirement.php"  

 
Use if you wish and as you see fit....

[Dyna]

Some quick promotional bullets:

"Don't fear the future, plan for it! - http://dnotesvault.com/crisp-for-retirement.php"

"Retirement happens! Are you ready? - http://dnotesvault.com/crisp-for-retirement.php"

"Have you seen you're money recently? Visit it at http://dnotesvault.com/crisp-for-retirement.php"

"Do you work for your money? Make your money work for you. - http://dnotesvault.com/crisp-for-retirement.php"

"Does your portfolio include DNotes? Become future proof, go digital! - http://dnotesvault.com/crisp-for-retirement.php"

"Counting on stocks and IRAs to see you through retirement? There might not be much left to count. Visit us. - http://dnotesvault.com/crisp-for-retirement.php"

"Does retiring mean you just switch to a lower paying job? Put something valuable away before it's too late. - http://dnotesvault.com/crisp-for-retirement.php"

"Long term appreciation. Increasing value. Investment. Stability. Comfortable retirement. They're not just dreams, check us out. http://dnotesvault.com/crisp-for-retirement.php"  

 
Use if you wish and as you see fit....

I love them all. Excellent, excellent ......

[Dyna]

Some quick promotional bullets:

"Don't fear the future, plan for it! - http://dnotesvault.com/crisp-for-retirement.php"

"Retirement happens! Are you ready? - http://dnotesvault.com/crisp-for-retirement.php"

"Have you seen you're money recently? Visit it at http://dnotesvault.com/crisp-for-retirement.php"

"Do you work for your money? Make your money work for you. - http://dnotesvault.com/crisp-for-retirement.php"

"Does your portfolio include DNotes? Become future proof, go digital! - http://dnotesvault.com/crisp-for-retirement.php"

"Counting on stocks and IRAs to see you through retirement? There might not be much left to count. Visit us. - http://dnotesvault.com/crisp-for-retirement.php"

"Does retiring mean you just switch to a lower paying job? Put something valuable away before it's too late. - http://dnotesvault.com/crisp-for-retirement.php"

"Long term appreciation. Increasing value. Investment. Stability. Comfortable retirement. They're not just dreams, check us out. http://dnotesvault.com/crisp-for-retirement.php"  

 
Use if you wish and as you see fit....

I love them all. Excellent, excellent ......

Perfect!

Not sure if we are on the same page in terms of possibilities in promoting CR.I.S.P. for Retirement. We can have a landing page based on each theme using Google Ad. and other channels to reach fairly specific targets. We can also turn on our "PR machine" using different theme for different target.

[marcoman22]

Some quick promotional bullets:

"Don't fear the future, plan for it! - http://dnotesvault.com/crisp-for-retirement.php"

"Retirement happens! Are you ready? - http://dnotesvault.com/crisp-for-retirement.php"

"Have you seen you're money recently? Visit it at http://dnotesvault.com/crisp-for-retirement.php"

"Do you work for your money? Make your money work for you. - http://dnotesvault.com/crisp-for-retirement.php"

"Does your portfolio include DNotes? Become future proof, go digital! - http://dnotesvault.com/crisp-for-retirement.php"

"Counting on stocks and IRAs to see you through retirement? There might not be much left to count. Visit us. - http://dnotesvault.com/crisp-for-retirement.php"

"Does retiring mean you just switch to a lower paying job? Put something valuable away before it's too late. - http://dnotesvault.com/crisp-for-retirement.php"

"Long term appreciation. Increasing value. Investment. Stability. Comfortable retirement. They're not just dreams, check us out. http://dnotesvault.com/crisp-for-retirement.php"  

 
Use if you wish and as you see fit....

I love them all. Excellent, excellent ......

Time for the restocking of the Dnotes.

[RJF]

Some quick promotional bullets:

"Don't fear the future, plan for it! - http://dnotesvault.com/crisp-for-retirement.php"

"Retirement happens! Are you ready? - http://dnotesvault.com/crisp-for-retirement.php"

"Have you seen you're money recently? Visit it at http://dnotesvault.com/crisp-for-retirement.php"

"Do you work for your money? Make your money work for you. - http://dnotesvault.com/crisp-for-retirement.php"

"Does your portfolio include DNotes? Become future proof, go digital! - http://dnotesvault.com/crisp-for-retirement.php"

"Counting on stocks and IRAs to see you through retirement? There might not be much left to count. Visit us. - http://dnotesvault.com/crisp-for-retirement.php"

"Does retiring mean you just switch to a lower paying job? Put something valuable away before it's too late. - http://dnotesvault.com/crisp-for-retirement.php"

"Long term appreciation. Increasing value. Investment. Stability. Comfortable retirement. They're not just dreams, check us out. http://dnotesvault.com/crisp-for-retirement.php"  

 
Use if you wish and as you see fit....

I love them all. Excellent, excellent ......

Perfect!

Not sure if we are on the same page in terms of possibilities in promoting CR.I.S.P. for Retirement. We can have a landing page based on each theme using Google Ad. and other channels to reach fairly specific targets. We can also turn on our "PR machine" using different theme for different target.

I used that landing page as a place holder since I wasn't sure on that either. I think it would be best to diversify and have several pages encompassing multiple themes. We would want to market to a few demographics such as:

1. Young workers just starting out.

2. Established workers without retirement plans.

3. Established workers with plans.

4. Older workers nearing retirement plan or not.

5. Any and all (generic)

 

[qiwoman2]

Some quick promotional bullets:

"Don't fear the future, plan for it! - http://dnotesvault.com/crisp-for-retirement.php"

"Retirement happens! Are you ready? - http://dnotesvault.com/crisp-for-retirement.php"

"Have you seen you're money recently? Visit it at http://dnotesvault.com/crisp-for-retirement.php"

"Do you work for your money? Make your money work for you. - http://dnotesvault.com/crisp-for-retirement.php"

"Does your portfolio include DNotes? Become future proof, go digital! - http://dnotesvault.com/crisp-for-retirement.php"

"Counting on stocks and IRAs to see you through retirement? There might not be much left to count. Visit us. - http://dnotesvault.com/crisp-for-retirement.php"

"Does retiring mean you just switch to a lower paying job? Put something valuable away before it's too late. - http://dnotesvault.com/crisp-for-retirement.php"

"Long term appreciation. Increasing value. Investment. Stability. Comfortable retirement. They're not just dreams, check us out. http://dnotesvault.com/crisp-for-retirement.php"  

 
Use if you wish and as you see fit....

This is so cool..I will use these for tweets tomorrow, just had to finish all my immigration stuff and did some work for qbk  so tomorrow I get cracking on DNOTES promos again..

Greece got new GOVT, maybe I should send a DNOTE to the ministry of finance, got nothing to lose..