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

[qiwoman2]

What is that bonus balance in the retirement plan?

Account Balance0.00000000
Balance Available0.00000000
Total USD Deposit Value0.00000000
USD Current Value0.00000000
Bonus Balance1,000,000.00000000  

That is the balance of the account used to fund the interest payments.

That's great so cool thank you for this wonderful retirement plan..I not got pension so this is going to be my pension plan now..

[DNotes]

new source code appears unusable with old wallet.dat

error: {"code":-2,"message":"Safe mode: WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."}
root@ns500637:~#

When you do getinfo are you seeing version 1020000?

root@ns500637:/usr/local/bin# DNotesd getinfo
{
    "version" : 1020000,
    "protocolversion" : 1020000,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 353739,
    "connections" : 5,
    "proxy" : "",
    "difficulty" : 23.04448336,
    "testnet" : false,
    "keypoololdest" : 1412776242,
    "keypoolsize" : 102,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00010000,
    "errors" : "WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."
}
root@ns500637:/usr/local/bin# DNotesd getbalance
error: {"code":-2,"message":"Safe mode: WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."}
root@ns500637:/usr/local/bin#

Check it again and see if the blocks are moving forward.

[DNotes]

new source code appears unusable with old wallet.dat

error: {"code":-2,"message":"Safe mode: WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."}
root@ns500637:~#

When you do getinfo are you seeing version 1020000?

root@ns500637:/usr/local/bin# DNotesd getinfo
{
    "version" : 1020000,
    "protocolversion" : 1020000,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 353739,
    "connections" : 5,
    "proxy" : "",
    "difficulty" : 23.04448336,
    "testnet" : false,
    "keypoololdest" : 1412776242,
    "keypoolsize" : 102,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00010000,
    "errors" : "WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."
}
root@ns500637:/usr/local/bin# DNotesd getbalance
error: {"code":-2,"message":"Safe mode: WARNING: Displayed transactions may not be correct!  You may need to upgrade, or other nodes may need to upgrade."}
root@ns500637:/usr/local/bin#

Check it again and see if the blocks are moving forward.

I will be back in a bit, if the blockchain isn't downloading, stop the daemon, delete blk*.dat from your data directory, restart the daemon and redownload the blockchain. You can also try adding the surrounding blocks in the checkpoints file in the source code:
         (   353738, uint256("0x7838a0451bd6957a6e5c35b5090ebcfded0b716526e8c5107018efa7f6db5ba9"))
         (   353739, uint256("0xbbc9487af28151632382cb946e96208bf40cd0e4b5297da1b522c9ca322c7537"))
         (   353740, uint256("0xe8362584bce7014999da26d5d8831e27957c1486442df5458efff79e25c9d39f"))
Then recompile and delete the blk*.dat files.

[lifeforcepools]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

[DNotes]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

[lifeforcepools]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

[DNotes]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

[lifeforcepools]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

how are you going to handle the shorted blocks that my miners found?

[DNotes]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

how are you going to handle the shorted blocks that my miners found?

If you send me a list of your block finders and associated addresses from the time the block reward failed to the time you shut down your pool, I will send them 25 for each block found.

[lifeforcepools]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

how are you going to handle the shorted blocks that my miners found?

If you send me a list of your block finders and associated addresses from the time the block reward failed to the time you shut down your pool, I will send them 25 for each block found.

I'll just zip up the database, send that  and you can figure it all out - I already have my hands full.

[DNotes]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

how are you going to handle the shorted blocks that my miners found?

If you send me a list of your block finders and associated addresses from the time the block reward failed to the time you shut down your pool, I will send them 25 for each block found.

I'll just zip up the database, send that  and you can figure it all out - I already have my hands full.

Sorry, I need a list, I do not open attachments.

[lifeforcepools]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

how are you going to handle the shorted blocks that my miners found?

If you send me a list of your block finders and associated addresses from the time the block reward failed to the time you shut down your pool, I will send them 25 for each block found.

I'll just zip up the database, send that  and you can figure it all out - I already have my hands full.

Sorry, I need a list, I do not open attachments.

the list will be an attachment

[DNotes]

blockchain is incrementing

wallet inaccessible - thousands of coins due to pool miners cannot be paid out unless you get this fixed.

I have already re-synchd once.

The reason you were getting that message is because the blockchain was not caught up. As far as the wallet.dat, nothing changed in that programming to read/write to the wallet.dat. Are you downloading the blockchain with the old wallet.dat in place now?

y

When it's done updating the blockchain, you will have the same coins you had before the upgrade.

how are you going to handle the shorted blocks that my miners found?

If you send me a list of your block finders and associated addresses from the time the block reward failed to the time you shut down your pool, I will send them 25 for each block found.

I'll just zip up the database, send that  and you can figure it all out - I already have my hands full.

Sorry, I need a list, I do not open attachments.

the list will be an attachment

All taken care of, thank you for your help and cooperation.

[Mochilles]

Is there a project roadmap or timeline that we can see somewhere?

No, not to the extent of a published business plan VC (Venture Capital) typically expects to see. We only provide strategic directions and as a rule do not provide details until the project becomes a certainty or about to be launched. This was a very strict rule the first eight months and, in fact, has been somewhat relaxed to involve more community participation.

In our opinion publishing "impressive looking roadmap and timeline" is a major pitfall of our industry. We prefer to take a more conservative approach and focus on what we believe we can deliver over the near term with a high degree of certainty. This policy is central to our commitment in building trust and integrity.  

That's a really awesome answer. My faith is in your conservative restraint!

[kanus1113]

Is there a project roadmap or timeline that we can see somewhere?

No, not to the extent of a published business plan VC (Venture Capital) typically expects to see. We only provide strategic directions and as a rule do not provide details until the project becomes a certainty or about to be launched. This was a very strict rule the first eight months and, in fact, has been somewhat relaxed to involve more community participation.

In our opinion publishing "impressive looking roadmap and timeline" is a major pitfall of our industry. We prefer to take a more conservative approach and focus on what we believe we can deliver over the near term with a high degree of certainty. This policy is central to our commitment in building trust and integrity.  

That's a really awesome answer. My faith is in your conservative restraint!

+1
Sound strategy

[TeeGee]

Is there a project roadmap or timeline that we can see somewhere?

No, not to the extent of a published business plan VC (Venture Capital) typically expects to see. We only provide strategic directions and as a rule do not provide details until the project becomes a certainty or about to be launched. This was a very strict rule the first eight months and, in fact, has been somewhat relaxed to involve more community participation.

In our opinion publishing "impressive looking roadmap and timeline" is a major pitfall of our industry. We prefer to take a more conservative approach and focus on what we believe we can deliver over the near term with a high degree of certainty. This policy is central to our commitment in building trust and integrity.  

That's a really awesome answer. My faith is in your conservative restraint!

+1
Sound strategy

It is a winning strategy that sets DNotes apart from the competition.

I will be making a post about CRISP for students in the next few hours, I will be hoping to get community participation and feedback.

[RJF]

Is there a project roadmap or timeline that we can see somewhere?

No, not to the extent of a published business plan VC (Venture Capital) typically expects to see. We only provide strategic directions and as a rule do not provide details until the project becomes a certainty or about to be launched. This was a very strict rule the first eight months and, in fact, has been somewhat relaxed to involve more community participation.

In our opinion publishing "impressive looking roadmap and timeline" is a major pitfall of our industry. We prefer to take a more conservative approach and focus on what we believe we can deliver over the near term with a high degree of certainty. This policy is central to our commitment in building trust and integrity.  

That's a really awesome answer. My faith is in your conservative restraint!

+1
Sound strategy

It is a winning strategy that sets DNotes apart from the competition.

I will be making a post about CRISP for students in the next few hours, I will be hoping to get community participation and feedback.

Of course! Always glad help out!

[RJF]

Interesting article on European Q.E. strategies and why they are failing:

http://cointelegraph.com/news/113576/why-the-european-central-bank-is-paving-the-way-for-cryptocurrencies-op-ed

[Dyna]

Interesting article on European Q.E. strategies and why they are failing:

http://cointelegraph.com/news/113576/why-the-european-central-bank-is-paving-the-way-for-cryptocurrencies-op-ed

Interesting indeed but USD may not be such a good safe haven. An increase in US interest rate could have serious ramifications

There are reasons for concern and here is why a diversified investment portfolio should include 10% high risk investment with high potential returns. There are no assurances that Bitcoin or any other cryptocurrency is the right choice for the high risk component but more professional investors are taking a serious look.

“It gets scarier. National debt interest rates are historically low at the moment – around 2.5 percent.  When they rise, interest payments will rise exponentially thanks to the wonders of compounding rates. Say interest rates rise to 5 percent – still low by historical standards. That means we will owe nearly $1 trillion a year in interest alone. That’s about two-thirds of what the federal government brings in each year in total income tax revenue!”

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

KITCHEN TABLE ECONOMICS

The U.S. is Now $18 Trillion in Debt
What are the Ramifications?

DECEMBER 5, 2014

Last week, the national debt surpassed $18 trillion. That’s $124,000 for each American household or $56,378 per individual. It took the country 205 years to accumulate its first trillion dollars of debt in 1981, but has only taken us 403 days to accumulate our most recent trillion. It’s hard to even think about numbers that big; if you were to count to a million it would take one week; if you wanted to count to a trillion it would take 31 thousand years.

Like with our personal debt, there may actually be some advantages to taking on debt. The flatscreen TV and Christmas presents we purchase with debt likely increase our standard of living and wellbeing. But this short term gain is often paid for with long term pain. And the currency of this pain is interest.

Interest is the price of debt. So, when we buy a TV on a payment plan, we are actually buying two things: the TV and the debt that goes with it. While a few extra dollars spent on interest each month may be worth it to see our favorite football players in HD, too much of our income spent interest can seriously reduce our quality of life because we must forgo other purchases to pay for it.

This is the point that the country has reached with its interest on the national debt.
Last year, the U.S. spent $430 billion on interest payments alone. This means that every year, tax payers are spending $3,500 just on interest payments. This is money that isn’t going to pay for roads, bridges, education, medical research or defense.

It gets scarier. National debt interest rates are historically low at the moment – around 2.5 percent.  When they rise, interest payments will rise exponentially thanks to the wonders of compounding rates. Say interest rates rise to 5 percent – still low by historical standards. That means we will owe nearly $1 trillion a year in interest alone. That’s about two-thirds of what the federal government brings in each year in total income tax revenue!

Fewer services and higher taxes – Uncle Sam’s spendthrift ways could end up hurting us all.

https://www.informationstation.org/kitchen_table_econ/the-u-s-is-now-18-trillion-in-debt/?utm_source=google&utm_medium=cpc&utm_campaign=googlegrants2015&gclid=CjwKEAiA68WnBRCJxZr5qoaL3iMSJAAXIrr3JOtLKeAkI9GcdiyIkgiyYdVc1KaZBvZd8MkiyVtjoBoCm3Hw_wcB

[TeeGee]

Interesting article on European Q.E. strategies and why they are failing:

http://cointelegraph.com/news/113576/why-the-european-central-bank-is-paving-the-way-for-cryptocurrencies-op-ed

Interesting indeed but USD may not be such a good safe haven. An increase in US interest rate could have serious ramifications

There are reasons for concern and here is why a diversified investment portfolio should include 10% high risk investment with high potential returns. There are no assurances that Bitcoin or any other cryptocurrency is the right choice for the high risk component but more professional investors are taking a serious look.

“It gets scarier. National debt interest rates are historically low at the moment – around 2.5 percent.  When they rise, interest payments will rise exponentially thanks to the wonders of compounding rates. Say interest rates rise to 5 percent – still low by historical standards. That means we will owe nearly $1 trillion a year in interest alone. That’s about two-thirds of what the federal government brings in each year in total income tax revenue!”

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

KITCHEN TABLE ECONOMICS

The U.S. is Now $18 Trillion in Debt
What are the Ramifications?

DECEMBER 5, 2014

Last week, the national debt surpassed $18 trillion. That’s $124,000 for each American household or $56,378 per individual. It took the country 205 years to accumulate its first trillion dollars of debt in 1981, but has only taken us 403 days to accumulate our most recent trillion. It’s hard to even think about numbers that big; if you were to count to a million it would take one week; if you wanted to count to a trillion it would take 31 thousand years.

Like with our personal debt, there may actually be some advantages to taking on debt. The flatscreen TV and Christmas presents we purchase with debt likely increase our standard of living and wellbeing. But this short term gain is often paid for with long term pain. And the currency of this pain is interest.

Interest is the price of debt. So, when we buy a TV on a payment plan, we are actually buying two things: the TV and the debt that goes with it. While a few extra dollars spent on interest each month may be worth it to see our favorite football players in HD, too much of our income spent interest can seriously reduce our quality of life because we must forgo other purchases to pay for it.

This is the point that the country has reached with its interest on the national debt.
Last year, the U.S. spent $430 billion on interest payments alone. This means that every year, tax payers are spending $3,500 just on interest payments. This is money that isn’t going to pay for roads, bridges, education, medical research or defense.

It gets scarier. National debt interest rates are historically low at the moment – around 2.5 percent.  When they rise, interest payments will rise exponentially thanks to the wonders of compounding rates. Say interest rates rise to 5 percent – still low by historical standards. That means we will owe nearly $1 trillion a year in interest alone. That’s about two-thirds of what the federal government brings in each year in total income tax revenue!

Fewer services and higher taxes – Uncle Sam’s spendthrift ways could end up hurting us all.

https://www.informationstation.org/kitchen_table_econ/the-u-s-is-now-18-trillion-in-debt/?utm_source=google&utm_medium=cpc&utm_campaign=googlegrants2015&gclid=CjwKEAiA68WnBRCJxZr5qoaL3iMSJAAXIrr3JOtLKeAkI9GcdiyIkgiyYdVc1KaZBvZd8MkiyVtjoBoCm3Hw_wcB

This paints a very scary and realistic picture. The thing about the interest rates is the US government will never increase them because the interest payments will be crippling. Despite the FED being privately owned, it is run by the state and can be counted as an arm of Government. The only thing that will make the US begin to lift the interest rates is when the true crash is about to occur. When nobody is willing to loan money to the US government to continue its frivolous spending, it will be forced to lift the interest rate offered on Government bonds to attract more people to purchase Government debt (see Japan). When this occurs, the state is between such a large rock and hard place because it needs to draw down more loans to continue functioning, which means raising the interest rate, but ALSO can't afford to pay the increased interest on the debt once the interest rate is raised.

Just have a look at Japan... textbook crash on the way... I think there is a reason why they have gone through 5 finance ministers in the last 2 years (three in the last year - lost one to suicide).