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

[kold678]

OMG whats going on with dnotes mining right now network going down and pools not working help help under attack or what

[DNotes]

OMG whats going on with dnotes mining right now network going down and pools not working help help under attack or what

The network is running, but there might be a problem with the block reward as of the switch at block 525949. Looking into it.

[joef]

OMG whats going on with dnotes mining right now network going down and pools not working help help under attack or what

The network is running, but there might be a problem with the block reward as of the switch at block 525949. Looking into it.

There is a bug in the subsidy calculation:

   int yearsElapsed = nHeight / 525949;
   int64 nReductionPercentage = pow(0.95,yearsElapsed);
    nSubsidy = nSubsidy * nReductionPercentage;


==> integer from a value less than 1 is always 0
       since block 525949 the value of nReductionPercentage is 0
So there are fees in the block reward only.

[Dyna]

OMG whats going on with dnotes mining right now network going down and pools not working help help under attack or what

The network is running, but there might be a problem with the block reward as of the switch at block 525949. Looking into it.

There is a bug in the subsidy calculation:

   int yearsElapsed = nHeight / 525949;
   int64 nReductionPercentage = pow(0.95,yearsElapsed);
    nSubsidy = nSubsidy * nReductionPercentage;


==> integer from a value less than 1 is always 0
       since block 525949 the value of nReductionPercentage is 0
So there are fees in the block reward only.

Thank you joef. We are looking into it.

[DNotes]

We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

[wargo]

I'm DNotes pool operator. Should I take any action? What will hapen with rewards for these blocks?

[Dyna]

We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

Thanks. Our job is to be as prompt and responsive as possible in taking care of issues. We know that you and your team have always been mindful of that. On behalf of our community I like to assure you and your team that we appreciate that very much.

[DNotes]

I'm DNotes pool operator. Should I take any action? What will hapen with rewards for these blocks?

Hi Wargo, thank you. Sent a PM.

If any pool operators would like to setup a block finder reward funded by us in the meantime, that would be helpful.

[RJF]

We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

[Dyna]

i send an article about Dnotes and crisp plans to publish in http://sobrebitcoin.com/2015/02/17/planes-de-jubiliacion-y-ahorro-con-dnotes/ but the guy not put all text and some modified,

so put in here too
http://bitcoinzgz.blogspot.com.es/p/dnotes.html

and in bitcointalk too https://bitcointalk.org/index.php?topic=958856.new#new

hope much spanish speakers people keep in touch with dnotes and his plans, wish happybirtday Dnotes

HAPPY BIRTHDAY DNotes

[Dyna]

BREAKING NEWS!
20 minutes ago.


Bitcoin Alternative DNotes Launches Long Term Saving Plans With Potential To Aid The Unbanked And Retirees Worldwide

Illinois, USA. Stable cryptocurrency Dnotes, after the successful launch of Cryptocurrency Investment Savings Plan (CR.I.S.P) for Kids, is pleased to announce their latest long term savings plan for Retirement. CR.I.S.P. allows people worldwide from all financial backgrounds to set up savings accounts with the potential of high returns. Individuals that commit to long term DNotes deposit of 5, 10, 15, or 20 year duration will receive up to 12% yearly interest bonus on their deposit with a 1 million DNotes limit on the bonus interest offered and 100% deposit guarantee.

DNotes is a Bitcoin alternative cryptographically created digital currency based on a novel decentralized peer to peer model, where trust is replaced by mathematical algorithms, eliminating the need of an intermediary such as a bank or an automatic clearing house. Assets of value such as Bitcoin, DNotes, and other cryptocurrencies can be sent and received in minutes anytime, anywhere, worldwide without the oversight of any central authority. It takes as little as two simple cell phones, or computers with an internet connection to send and receive funds.

CR.I.S.P. rests on the web wallet and secure coin storage platform DnotesVault.com; a secure and a strategic vehicle of DNotes to become the digital currency of the future with lasting value. Its mission is to encourage and assist everyone, worldwide, to support and participate in the high potential returns of digital currency savings. The DNotes’ team has gone to great lengths to ensure that the user interface is simple to use and easy to understand. The technology and process control, while complex, make it so secure that a 100% guarantee matching fund, always in excess of the total amount in deposited, exists with the guaranteed fund being displayed with addresses and amounts verifiable on the blockchain.

Bitcoin as a digital currency and the associated blockchain technologies are viewed by many highly regarded industry leaders as the greatest technology innovation since the Internet. The distributed and consensus technologies coupled with the blockchain protocols have significant and positive world changing implications.

DNotes co-founder and experienced computer entrepreneur Alan Yong has been quoted saying,
“We never had and never will have a better opportunity to help the financially disadvantaged and the enormous population of the unbanked who have little means of rising from poverty.”

Unlike the costly credit and debit card payment network systems, where personal information is always at risk of being stolen with huge identity theft liabilities, DNotes transactions are only identified by a string of numbers, valuable for reference and tracking only. All transactions are posted in the blockchain public ledger and available for public inspection and verification. The complexities built in the hash functions make the successfully confirmed transactions impossible to reverse; thereby avoiding potential fraud and huge cost burdens to merchants who often have been exposed to such risk when accepting credit and debit card payments.

Mr. Yong explains that for mass consumer and mass merchant participation to take place, there must be a stable trustworthy digital currency like DNotes to deliver the true cost advantages of an alternative form of payment, beyond just the lower cost of transactions.

As reported, the richest 1% of the world’s population will own more than the other 99% put together by next year and according to a 2012 World Bank published report there are over 2.5 billion people worldwide who are under-served or not served by banks and financial service companies. These groups, collectively known as the unbanked have limited opportunities to emerge from poverty. DNotes digital currency is the future of money with growth and appreciation potential for early adopters and long term investors. It also has the potential to change the wealth of nations and their citizens, when supported with favorable regulations. Under the right political leadership that has a deep knowledge and appreciation of this powerful technology, massive job creation could be the much needed impetus to propel the next global economic bloom that can benefit more than just the rich.

With DNotes long term Cryptocurrency Investment Savings Plans for Retirement, with up to 12% yearly interest bonus with a 1 million DNotes limit on the bonus interest offered following the well-received launch of CR.I.S.P. for Kids – DNotes may very well be a game-changer in terms of long term cryptocurrencies and their impact on personal wealth on a global scale.

For more information please visit: dnotesvault.com/crisp-for-retirement.php

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only and should not be taken as investment advice.

Media contact:
Name: Alan Yong
Organization: DNotes
Email: Contact@DNotescoin.com
 

[DNotes]

We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

Thanks RJF, that is the issue we are working on.

[Chase]

BREAKING NEWS!
20 minutes ago.


Bitcoin Alternative DNotes Launches Long Term Saving Plans With Potential To Aid The Unbanked And Retirees Worldwide

Illinois, USA. Stable cryptocurrency Dnotes, after the successful launch of Cryptocurrency Investment Savings Plan (CR.I.S.P) for Kids, is pleased to announce their latest long term savings plan for Retirement. CR.I.S.P. allows people worldwide from all financial backgrounds to set up savings accounts with the potential of high returns. Individuals that commit to long term DNotes deposit of 5, 10, 15, or 20 year duration will receive up to 12% yearly interest bonus on their deposit with a 1 million DNotes limit on the bonus interest offered and 100% deposit guarantee.

DNotes is a Bitcoin alternative cryptographically created digital currency based on a novel decentralized peer to peer model, where trust is replaced by mathematical algorithms, eliminating the need of an intermediary such as a bank or an automatic clearing house. Assets of value such as Bitcoin, DNotes, and other cryptocurrencies can be sent and received in minutes anytime, anywhere, worldwide without the oversight of any central authority. It takes as little as two simple cell phones, or computers with an internet connection to send and receive funds.

CR.I.S.P. rests on the web wallet and secure coin storage platform DnotesVault.com; a secure and a strategic vehicle of DNotes to become the digital currency of the future with lasting value. Its mission is to encourage and assist everyone, worldwide, to support and participate in the high potential returns of digital currency savings. The DNotes’ team has gone to great lengths to ensure that the user interface is simple to use and easy to understand. The technology and process control, while complex, make it so secure that a 100% guarantee matching fund, always in excess of the total amount in deposited, exists with the guaranteed fund being displayed with addresses and amounts verifiable on the blockchain.

Bitcoin as a digital currency and the associated blockchain technologies are viewed by many highly regarded industry leaders as the greatest technology innovation since the Internet. The distributed and consensus technologies coupled with the blockchain protocols have significant and positive world changing implications.

DNotes co-founder and experienced computer entrepreneur Alan Yong has been quoted saying,
“We never had and never will have a better opportunity to help the financially disadvantaged and the enormous population of the unbanked who have little means of rising from poverty.”

Unlike the costly credit and debit card payment network systems, where personal information is always at risk of being stolen with huge identity theft liabilities, DNotes transactions are only identified by a string of numbers, valuable for reference and tracking only. All transactions are posted in the blockchain public ledger and available for public inspection and verification. The complexities built in the hash functions make the successfully confirmed transactions impossible to reverse; thereby avoiding potential fraud and huge cost burdens to merchants who often have been exposed to such risk when accepting credit and debit card payments.

Mr. Yong explains that for mass consumer and mass merchant participation to take place, there must be a stable trustworthy digital currency like DNotes to deliver the true cost advantages of an alternative form of payment, beyond just the lower cost of transactions.

As reported, the richest 1% of the world’s population will own more than the other 99% put together by next year and according to a 2012 World Bank published report there are over 2.5 billion people worldwide who are under-served or not served by banks and financial service companies. These groups, collectively known as the unbanked have limited opportunities to emerge from poverty. DNotes digital currency is the future of money with growth and appreciation potential for early adopters and long term investors. It also has the potential to change the wealth of nations and their citizens, when supported with favorable regulations. Under the right political leadership that has a deep knowledge and appreciation of this powerful technology, massive job creation could be the much needed impetus to propel the next global economic bloom that can benefit more than just the rich.

With DNotes long term Cryptocurrency Investment Savings Plans for Retirement, with up to 12% yearly interest bonus with a 1 million DNotes limit on the bonus interest offered following the well-received launch of CR.I.S.P. for Kids – DNotes may very well be a game-changer in terms of long term cryptocurrencies and their impact on personal wealth on a global scale.

For more information please visit: dnotesvault.com/crisp-for-retirement.php

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC and other consumer protections. This press release is for informational purposes only and should not be taken as investment advice.

Media contact:
Name: Alan Yong
Organization: DNotes
Email: Contact@DNotescoin.com
 

This press release should make us all feel proud to be part of DNotes.  These are some of these reasons that I was attracted to cryptocurrency in the first place.

“We never had and never will have a better opportunity to help the financially disadvantaged and the enormous population of the unbanked who have little means of rising from poverty.”

As reported, the richest 1% of the world’s population will own more than the other 99% put together by next year and according to a 2012 World Bank published report there are over 2.5 billion people worldwide who are under-served or not served by banks and financial service companies. These groups, collectively known as the unbanked have limited opportunities to emerge from poverty.

It also has the potential to change the wealth of nations and their citizens,

Excellent job!!

[SmokeysGardens]

Happy Birthday DNotes! I am so thankful to Chase for bringing me into DNotes!!! The year 2015 will be of major significance for DNotes and the CR.I.S.P. family of programs. Very exciting!

I have to give credit where credit is due.  It was a family effort (DNotes family) and I was just the messenger.  The DNotesVault made it so easy to reach out to people, give them some DNotes, and see why we are so excited about them.  DNotesVault is a very important asset and I don't think it can be replicated.

This has been a great day!

           

A big thank you to Chase! It has indeed been a great day. We should be getting more press coverage tomorrow and looking forward to another great day.

DNotesVault is not easy to replicate because of the strategic positioning and commitments behind it. It is just the tip of the iceberg, the first of many more building blocks to come.

     I am VERY impressed with the team that Dyna has assembled. The Directors for the CRISP programs are a great example. VERY impressive group.
     HAPPY BIRTHDAY TO US!!

Smokey

[Dyna]

BREAKING NEWS!
20 minutes ago.


Bitcoin Alternative DNotes Launches Long Term Saving Plans With Potential To Aid The Unbanked And Retirees Worldwide

Illinois, USA. Stable cryptocurrency Dnotes, after the successful launch of Cryptocurrency Investment Savings Plan (CR.I.S.P) for Kids, is pleased to announce their latest long term savings plan for Retirement. CR.I.S.P. allows people worldwide from all financial backgrounds to set up savings accounts with the potential of high returns. Individuals that commit to long term DNotes deposit of 5, 10, 15, or 20 year duration will receive up to 12% yearly interest bonus on their deposit with a 1 million DNotes limit on the bonus interest offered and 100% deposit guarantee..................

This press release should make us all feel proud to be part of DNotes.  These are some of these reasons that I was first attracted to cryptocurrency in the first place.

“We never had and never will have a better opportunity to help the financially disadvantaged and the enormous population of the unbanked who have little means of rising from poverty.”

As reported, the richest 1% of the world’s population will own more than the other 99% put together by next year and according to a 2012 World Bank published report there are over 2.5 billion people worldwide who are under-served or not served by banks and financial service companies. These groups, collectively known as the unbanked have limited opportunities to emerge from poverty.

It also has the potential to change the wealth of nations and their citizens,

Excellent job!!

Thank you Chase. That is often my inspiration. We are not in any position to change the world but we all can help make it a little better. The top 1% certainly has the financial means to make a significant difference if they so choose to do so and some of them do.

Digital currency DNotes is the most viable currency and technology that can be positioned and deployed to provide the much needed tool and opportunity for the 2.5 billion unbanked to emerge from poverty. The ability of real time communication coupled with the ability to conduct commerce, make payments and save by simply using two smart phones or computers with an Internet connection is an unprecedented opportunity of massive proportion that can be hugely beneficial to millions around the world. We will make that our challenge in the coming years.

[dnotespool]

I'm DNotes pool operator. Should I take any action? What will hapen with rewards for these blocks?

Hi Wargo, thank you. Sent a PM.

If any pool operators would like to setup a block finder reward funded by us in the meantime, that would be helpful.

I've setup 25NOTE bonus for finder and 1% bonus to all miners on DNotes Pool

[DNotes]

I'm DNotes pool operator. Should I take any action? What will hapen with rewards for these blocks?

Hi Wargo, thank you. Sent a PM.

If any pool operators would like to setup a block finder reward funded by us in the meantime, that would be helpful.

I've setup 25NOTE bonus for finder and 1% bonus to all miners on DNotes Pool

Thank you! Checking into a couple of other temporary solutions as well.

[Chase]

DNotes was launched one year ago today.

Here is a post by DNotes on February 18, 2014:


Quote from: BestofSR on February 18, 2014, 10:48:09 AM
What is interesting about this coin?
is it just for miners, so they can dump it?
Is that all there is to it?

Quote from: DNotes
Excellent question. There is so much mistrust and confusion in the crypto currency world any position one takes is likely to be challenged, both positively and negatively. From a business prospective, we all want to be successful and willing to work hard for it, including risking some hard earned money. As a group, miners provide the largest amount of investment of money, time, and other resources, providing a critical part of the ecosystem. However, with the exception of a few, miners are not getting the reward and appreciation they deserve. DNotes is pro-miners. We trust that many miners see the long-term value of DNotes.  Aside from miners, we will  also extend our appreciation and reward to many who support  and help promote DNotes.
 
The currency will only be successful if it gains rapid, widespread, and broad base support from a very large number of individuals and groups. Collectively, the miners, mining pools, bloggers, social media, and crypto forum users contribute the largest portion to the success of the currency. These groups, being critical to our success, deserve the most credit and appreciation.  The vast majority of premined coins are allocated to them as rewards for their contributions. It is time for a fair distribution to ensure a level playing field and not a get rich scheme for the developers.

----------------------------------------------------------------------------------


With 80% of new coin launches gone in the first 30 days, all I have to say is...

Happy Birthday Oldtimer!!

                                        

[RJF]

We have identified a bug that specifically applies the issuance of block reward to miners. It does not affect our normal operations or the integrity of our network security. You can continue to send and receive funds using DNotes as usual.
 
We need to figure out the best method for deploying a resolution. In the meantime, we are asking if DNotesPool is able to add a bonus block finder reward, and move most of the hashrate there. As always, we welcome suggestions from our community and appreciation your contribution.

FYI: Was getting around 200 NOTE per day, now showing 1.07

Thanks RJF, that is the issue we are working on.

Yep, saw that after posting. Always remember to refresh! 

[Dyna]

In case you missed some of these historic moments posted earlier. Here they are on one post:


Just a little History:
Page 35
https://bitcointalk.org/index.php?topic=470155.680

e: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 25, 2014, 03:02:49 AM      #686

 
DNotes will be one week old tomorrow (February 25, 2014). We are most appreciative of the tremendous support and confidence you have given us. This is just the first baby step. For DNotes to truly be the currency of the future, it must take a different path to create a new culture of equal opportunity, trust and fairness to all, irrespective of their capabilities and resources. Building a strong community with a very large number of stakeholders throughout the world in an environment sufficiently comfortable and favorable to assist and trade with one another, is one of many building blocks in our road map. This is not just another "marketing coin" as some have suggested.  However, our "Rule of Engagement" is "Do Not Engage". It is more productive for us stay focused in systematically executing our strategic plan to the benefits of all of our stake holders than to win over a few non-believers. For those who are interested in getting a better understanding of our business, follow our postings closely. We invite you to re-post them in part or in full as you feel appropriate.  The true value of DNotes is in the future. We are committed to working collectively with you to increase the asset value of DNotes for the long-term.
 
We will be launching a large scale promotion to get DNotes into the hands of many utilizing a single use faucet and incorporating a DNotes tip bot on Reddit, which will be announced as soon it is finalized and tested successfully.



Just a little history:
Page 38

Quote from Allcoin.com


Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 26, 2014, 04:28:14 AM      #714
(First day traded) Unit of Account established.
 
Guys exchange your NOTE @ https://www.allcoin.com/trade/note_btc


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

Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 27, 2014, 08:02:11 PM      #745

Quote from mikbe:

“I don't get it. Who is that idiot who sells NOTEs a little over 300 satoshi?”

Comments:

DNotes was traded at as low as 28 sat on March 6, 2014 and continued with a trading range of 80 to 100 sat for some time. It is now trading at 4000 sat and has always been the most stable digital currency among over 500 traded crypto currencies. It has consistently created higher highs and higher lows.


Just a little history.
First official post from Dyna

Re: [ANN][NOTE]DNotes - LAUNCHED!!! - Cryptocurrency of the Future
February 28, 2014, 04:38:06 AM
      #748

Quote from: mikbe on February 27, 2014, 08:02:11 PM
I don't get it. Who is that idiot who sells NOTEs a little over 300 satoshi?

Quote from Dyna:

Everyone sees value differently. It may be a good thing that some are willing sell low and let others with limited resources to buy in and join our growing community of stake holders. Our strong believers will also have the opportunity to increase their stake.

DNotes is a diamond in the rough for stake holders with patience and appreciation for lasting value. May be not so much for those expecting “pump and dump” so common in the crypto currency world. DNotes’ team has impressed many with a flawless launch and now totally focused in building a strong community with generous giveaways everywhere. Quite refreshing to see a very  dedicated team with strong commitment in creating value for long term stakeholders with no sign of participating in selling (dumping) at Allcoin, the only exchange currently available to trade DNotes.



Just a little history.
Breaking News

http://www.washingtonpost.com/blogs/the-switch/wp/2014/02/26/sen-joe-manchin-calls-for-a-bitcoin-ban-as-regulators-seek-accelerated-push/

Feb 26 2014

Manchin Demands Federal Regulators Ban Bitcoin

Did the Senator know what he was talking about?

That was the Breaking News one week after DNotes was launched.  

“Wow! Good thing we did not spent a fortune developing the DNotes website". Dyna reacted with discouragement. He wondered if the good Senator even know what he was talking about.


Quote from Chase:

A humorous rebuttal to this was posted on CryptoMoms.

Posted by: BitcoinBandit

Re: Bitcoin - Believe It Or Not!
« Reply #8 on: August 27, 2014, 03:48:53 PM »

Believe it or not, in March 2014, a U.S. congressman asked for a ban on dollar bills.  Here's why...

http://www.usnews.com/news/articles/2014/03/05/congressman-asks-for-dollar-bill-ban


excerpts - "Rep. Jared Polis, D-Colo., asked federal regulators to ban dollar bills Wednesday, lampooning a similar request from Sen. Joe Manchin, D-W.Va., that the feds ban the digital currency Bitcoin."

"In a humorous rebuttal that nearly parrots Manchin, Polis wrote to the same regulators: “The clear use of dollar bills for transacting in illegal goods, anonymous transactions, tax fraud, and services or speculative gambling make me wary of their use. Before the United States gets too far behind the curve on this important topic, I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans.”

“The very features of dollar bills, such as anonymous transactions, have created ubiquitous uses from drug purchases, to hit men, to prostitutes, as dollar bills are attractive to criminals who are able to disguise their actions from law enforcement..."


Just a little history.
An early research:


This has an influence on DNotes’ Road Map:

Is Bitcoin a Real Currency? An economic appraisal
David Yermack
NBER Working Paper No. 19747
Issued in December 2013
NBER Program(s):   LE   ME

A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria. Bitcoin has achieved only scant consumer transaction volume, with an average well below one daily transaction for the few merchants who accept it. Its volatility is greatly higher than the volatilities of widely used currencies, imposing large short-term risk upon users. Bitcoin's daily exchange rates exhibit virtually zero correlation with widely used currencies and with gold, making bitcoin useless for risk management and exceedingly difficult for its owners to hedge. Bitcoin prices of consumer goods require many decimal places with leading zeros, which is disconcerting to retail market participants. Bitcoin faces daily hacking and theft risks, lacks access to a banking system with deposit insurance, and it is not used to denominate consumer credit or loan contracts. Bitcoin appears to behave more like a speculative investment than a currency.
http://www.nber.org/papers/w19747

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

Comments from Dyna:

“A bona fide currency functions as a medium of exchange, a store of value, and a unit of account, but bitcoin largely fails to satisfy these criteria.”

Okay, so David Yermack, a professor of finance at the NYU Stern School of Business argued that Bitcoin failed to meet the bona fide currency functions as a unit of account, a store of value, and a medium of exchange and therefore it is not a currency but a speculative investment.

What if a Bitcoin Alternative DNotes can meet and exceed those “bona fide currency functions? Would that be the currency of the future then?

“……. Volatility …..   making bitcoin useless for risk management and exceedingly difficult for its owners to hedge.”  Not useless, but exceedingly costly to hedge, thereby wiping out all low cost transaction savings. I have made that point many times.

Clearly the challenges Bitcoin faces today are not new. The article above was published in December 2013.

DNotes is fortunate to know the problems confronting Bitcoin before we laid our first foundation block. Amazingly this was one of the earliest articles studied in my early research on Bitcoin before we started to map out the “Winning Strategies for DNotes” in January 2014. We decided to build a currency from ground up with trust and integrity so that it has the best chances to be the “Digital currency of the Future with Lasting Value” and launched it flawlessly on February 18, 2014. The rest is history.

Just a little history:
Quote from MinningHabit

March 2, 2014
Page: 39

An interesting prospective:


“For me, cryptos represent a way to maintain control amidst all of this pervasiveness. Don't get me wrong, our collective quality of life will improve immeasurably and in untold awesome ways. But all that progress will have a cost. And I think altcoins represent a significant piece of insurance against technological progress stifling our humanity. I don't want to be controlled, and I don't want financial companies, among others, to have the kind of power over me that they do now. For example, Visa is larger than Disney. Mastercard is larger than Boeing and McDonald's.

They are that big because of the centralized power of current wealth transfer paradigms. Decentralized, superrrrr-secure paradigms with broad support, like DNotes, are perfect cogs to be a part of running the ‘anti-machine’."