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

[wiser]

Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself.

You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency.

World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions.

Don't worry, Dyna, I didn't spend too much time on this. I actually had a very busy weekend with life stuff, but I was kind of working this out in the back of my mind.

So... it sounds like at some point there will be shares for "Newco" outside of ownership implied in DNotes. That makes a lot of sense, actually. I'd like to be an investor in "Newco" when the time comes. I doubt I could be a large investor, but a medium or small one

That's actually another challenging sort of thing to wrap the head around: the currency itself owning a major interest in a company! Yeah, Bitcoin doesn't own anything... probably because it never occurred to anyone that Bitcoin should own anything, because money doesn't typically own stuff. No wonder you're having a tough time with a 30 second elevator pitch!

But just for fun, here's a good tag line for something: "DNotes, where your money owns a substantial part of our company!" or "DNotes, backed by our company!"

Getting the unbanked involved in cryptocurrency is going to be very interesting and fun. I'm looking forward to seeing how that unfolds, especially DNotes' central role.

[mrbum805]

No problem at all! That is what we are here for. In the long run I don't foresee using the desktop wallet at all. It's just not going to be user friendly enough. There will be apps, and programs, but they will be much easier to use and much more capable, and likely cloud driven. The majority will be online in some fashion, like the DNotesVault.

That is good thinking. I think desktop wallets in general are not very suited for widespread adoption. They're just difficult and a pain in the butt sometimes. The only reason I ever use a desktop wallet is if the coin stakes. Otherwise I either use a trading platform address, or an online wallet. I don't think anyone was happier than me to discover the DNotes vault

Yes the Dnotes Vault is wonderful and I immediately took advantage of the retirement program. I use the desktop wallet only because I don't like to keep them all in one place.

[TeeGee]

Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise.

Here are some thoughts I had as I was thinking about it.

1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post.

2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes.

3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it.

4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments.

The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds.

So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor.

Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that?

Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment.

Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right?

Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective.

Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself.

You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency.

World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions.

Wiser definitely provides great material!

My curious thought of the day, would be that if all DNotes were to hypothetically own 25% of said company 'newco', and if I'm interpreting that correctly to mean every DNote in circulation becomes a (dividend bearing?) bond in the company, then DNotes will become very highly valued currency that doubles as an asset. This equity ownership would probably mean an increase in value to somebody's stake over time with respect to company performance. It is difficult with crypto's relatively fixed money supply to offer interest on savings without behaving like a bank does; loaning out significantly more than the physical reserves held. Crypto however, does not have the money creation mechanics that banks do. A loans principal debt must be paid back with added interest in units of DNotes. With a perfectly fixed money supply, there would be no room to pay the interest - so where would the incentive to save come from? There are ~36000 newly minted DNotes per day, so it is not impossible. The beauty of this equity/currency idea though, is that instead of offering interest bearing savings accounts the way banks do to encourage savings / investment, it sounds like DNotes could instead offer company dividends on every DNote held.


This way no banking services, nor debt would be necessary to provide an incentive to hold DNotes. The concept creates an economic culture based on equity, rather than debt; consumer and business preferences change to owning equity, rather than having dangerous access to cheap credit. This cuts against the grain of incentives the current monetary system provides banks - debt is tax-deductible but equity is taxed at 30-40%. Credit expansions and artificial stock bubbles result that hurt many. This is an opportunity to rewrite the business rules without regulation, but by offering incentives that people respond to.


I doubt it escaped anybody's notice the increased incentive to hold DNotes as a dividend bearing share, and as a reliably appreciating currency would add buying pressure at the exchanges. Currently, Digital currencies are mostly speculative assets - that hope to have a stable, transactional value in the future. This plan would make shareholders out of everyday money users; today if you own US dollars, it is just paper, backed by nothing. DNotes ownership would reflect shares in a company, and in a brand; DNotes would be an invest-able asset backed currency. One thing to consider would be macro-effect on consumer preferences, and willingness to use dividend bearing currency as payment - if you spend your DNotes, you miss out on potential future dividends. I doubt this effect would be too strong though - people still spend their savings that would have otherwise earned interest at the bank. Another option would be preferential DNotes that must be 'invested' to earn interest bearing status, but that begins to get complicated, and no longer supports the entire eco-system.


I imagine a scheme like this would be very popular in Middle Eastern / Muslim demographics - who don't believe in banking interest. Banking money is debt, but DNotes are equity assets that yield dividends... Truly works for everybody.


From what I just read, I'd say it's a genius concept overall, and would probably work really well if an indebted government adopted it as a proxy to economic recovery. Smart contracts and the like will make for very exciting possibilities, I can imagine some applications, but I've already written a lot.

[IMZ]

"Getting the unbanked involved in cryptocurrency is going to be very interesting and fun. I'm looking forward to seeing how that unfolds, especially DNotes' central role."

My mob is focussing at present on 'Go-to-Whoa Security': from downloading a wallet to password back-ups to creating and storing paper wallets. Present 'model' isn't one. All hotch potch -- and the unbanked and busy moms are most in need of this.

Mark (IndiaMikeZulu), Australia

[Chase]

 "So what is so different about DNotes compared to Bitcoin? Why should I consider DNotes seriously?   You got 30 seconds. Go ahead and convince me"

Bitcoin was created without a long term plan and it has suffered because of it.  It has been plagued by volatility, bad press, and a bad reputation.

DNotes was planned from day one with the end goal in mind and has been run like a business from the beginning.  It was created by an already successful and established business team.

Judge for yourself - go to Bitcointalk / DNotes and start reading after page ____ or at least the last ____ pages.

[Dyna]

Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise.

Here are some thoughts I had as I was thinking about it.

1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post.

2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes.

3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it.

4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments.

The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds.

So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor.

Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that?

Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment.

Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right?

Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective.

Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself.

You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency.

World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions.

Wiser definitely provides great material!

My curious thought of the day, would be that if all DNotes were to hypothetically own 25% of said company 'newco', and if I'm interpreting that correctly to mean every DNote in circulation becomes a (dividend bearing?) bond in the company, then DNotes will become very highly valued currency that doubles as an asset. This equity ownership would probably mean an increase in value to somebody's stake over time with respect to company performance. It is difficult with crypto's relatively fixed money supply to offer interest on savings without behaving like a bank does; loaning out significantly more than the physical reserves held. Crypto however, does not have the money creation mechanics that banks do. A loans principal debt must be paid back with added interest in units of DNotes. With a perfectly fixed money supply, there would be no room to pay the interest - so where would the incentive to save come from? There are ~36000 newly minted DNotes per day, so it is not impossible. The beauty of this equity/currency idea though, is that instead of offering interest bearing savings accounts the way banks do to encourage savings / investment, it sounds like DNotes could instead offer company dividends on every DNote held.


This way no banking services, nor debt would be necessary to provide an incentive to hold DNotes. The concept creates an economic culture based on equity, rather than debt; consumer and business preferences change to owning equity, rather than having dangerous access to cheap credit. This cuts against the grain of incentives the current monetary system provides banks - debt is tax-deductible but equity is taxed at 30-40%. Credit expansions and artificial stock bubbles result that hurt many. This is an opportunity to rewrite the business rules without regulation, but by offering incentives that people respond to.


I doubt it escaped anybody's notice the increased incentive to hold DNotes as a dividend bearing share, and as a reliably appreciating currency would add buying pressure at the exchanges. Currently, Digital currencies are mostly speculative assets - that hope to have a stable, transactional value in the future. This plan would make shareholders out of everyday money users; today if you own US dollars, it is just paper, backed by nothing. DNotes ownership would reflect shares in a company, and in a brand; DNotes would be an invest-able asset backed currency. One thing to consider would be macro-effect on consumer preferences, and willingness to use dividend bearing currency as payment - if you spend your DNotes, you miss out on potential future dividends. I doubt this effect would be too strong though - people still spend their savings that would have otherwise earned interest at the bank. Another option would be preferential DNotes that must be 'invested' to earn interest bearing status, but that begins to get complicated, and no longer supports the entire eco-system.


I imagine a scheme like this would be very popular in Middle Eastern / Muslim demographics - who don't believe in banking interest. Banking money is debt, but DNotes are equity assets that yield dividends... Truly works for everybody.


From what I just read, I'd say it's a genius concept overall, and would probably work really well if an indebted government adopted it as a proxy to economic recovery. Smart contracts and the like will make for very exciting possibilities, I can imagine some applications, but I've already written a lot.

With limited time, let me just give you a very brief response on a few key points. Among others, I am responding to a Cointelgraph interview today. A previously published interview will appear on Bitcoin Magazine either today or tomorrow. It could also be picked up by other news outlets. We will have a press release on "CRISP For Employee Incentive Benefits" next week. I now have connections with more than 70% of mainstream media; Fortune, Wall Street Journal, New York Times, Forbes, Wired, Tech Crunch, CNBC, and many more.

"Newco" = New Company or currently un-named company. DNotes, the currency, will own up to 25% of Newco represented by certain number of shares. The 25% of ownership will be diluted as additional funds are raised. This is just how it works with companies than needs new funding to expand, but the ownership value should continue to grow. So it is not a majority ownership, but a very substantial ownership. This is a substantial real world value backing DNotes the currency. With that the currency will have the backing of a legal entity and a solid group of individuals, including mitigation risks.  This may sound simple and exciting, but it is an extremely difficult to replicate and executive.

By strategic choice, Newco’s focus is not on dividend but capital appreciation. It will very quickly be recognized as long term investment with very healthy growth rate. Since the currency would have significant benefits deriving from Newco increasing value, the currency value should also continue to appreciate. Therefore, DNotes long term stakeholders will share the success for Newco propionate to their ownership of DNotes. I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

[DNotes]

Going back to the DNotes elevator pitch, Dyna, I think it makes a lot of sense to refer people to the forum, or where they can find out more, because there's a lot of ground to cover in 30 seconds otherwise.

Here are some thoughts I had as I was thinking about it.

1. DNotes is technically a cryptocurrency (or digital currency), but it's more than that. It's the seed of an entire economy, and also a foundation on which many future businesses will be built. You mentioned a trading platform and Coinbase like wallet in an earlier post.

2. DNotes can be thought of as shares in this economy and foundation for future enterprises. Buying DNotes isn't like buying shares in Pepsi, where the share is only about Pepsi products. It's like buying shares in every venture which will ever be built upon DNotes or even just use DNotes.

3. The actual value of DNotes is a distillation of the total value of everything built on DNotes divided by the number of DNotes in circulation. Since DNotes is going to keep adding value by creating things like the forum, the vault, and those "secret" future enterprises you can't discuss yet, then it's reasonable to expect that the price of DNotes on trade exchanges is going to keep trending upwards, and there's no particular limit as to how far upwards it will go since there's no particular limit on the value that can and will be built with it and upon it.

4. I think from an investor perspective it's important to work in how DNotes will bring the unbanked access to the financial world. I have some friends who are missionaries in a pretty remote area and their latest update letter talked about how they are working on a smartphone app to help their people group read the Bible in their own language. I'm reading this and thinking: "This is a remote area and a fairly primitive people group (primitive enough that their language doesn't yet have a written translation of the Bible... And yet the majority of them have smartphones, because even before making a print version of the Bible, they are working on a Bible app." I read about how it's projected that there will be up to 5 billion smart phones in the world soon from that interview that was posted here. If people can log into the DNotes vault using a smartphone web browser, if they can log into Poloniex using a smart phone browser, I already know that they can log into Bitcoin faucets using a smartphone web browser, (see my Could I retire on faucets thread on CryptoMoms), then we have a situation where with just a cell phone data plan, the phone itself, and some education (which we are providing on the CryptoMoms forum, see especially the guides section), people all over the world who have no bank accounts, no computers, who live out in the middle of nowhere, can get involved in DNotes and its economy. The bottom line here is that DNotes has the potential to enter a whole (very huge) segment of the world population that up until now has basically not counted when it came to traditional investments.

The challenge with elevator pitches is that since you only have 30 seconds you don't have time to go into all the details and steps that could take a potential investor from wherever he is to gaining a more profound understanding of your product. Only with DNotes, it's not just about the product. It's almost like you also have to explain what a factory is or something. Tough to do in 30 seconds. Because you can't possibly explain everything it's very easy to have the whole pitch sound very much like a bunch of hype. Even if what sounds like hype is substantiated, it's tough to convey that substance in 30 seconds.

So, I'm thinking, instead of trying to cover it all in 30 seconds, try to focus on one or two points about DNotes that would make it interesting to an investor, and which in some way connects to what the investor knows, give the talking point and then one or two facts that substantiates it, then end with directing the investor to how/where they can learn more. Maybe have a printed business card or brochure with some key short url links on it. I guess this means to have an entire "investor" section on the DNotes website. Or just link to some truly informative and helpful posts on the Cryptomoms forum? Personally, I think the way the unbanked in remote regions of the world will be able to actually acquire and use the product (DNotes) would be very interesting to an investor because you're talking about opening up a whole new financial market. If the investor is of the altruistic or philanthropic variety, then obviously you work in more language about how DNotes can really help make life better for the poor. But I realize that doesn't tickle the ears of every investor.

Here's another interesting angle I just thought about. DNotes is the product. It's also the share ("stock"). Here are some questions to develop: What does it mean for someone who owns the product to also own a stake in the company? This makes a poor person who only has a few DNotes to his name an investor and stakeholder as well as consumer. How would that alter the way we think of how economics works, etc.? How do we envision someone who owns DNotes and uses them as a product to be like? How do we envision someone who owns DNotes and holds them as an investment to be like? Do people switch from using them as product to using them as investment often? How does that look like? What would the world look like if the line between consumer and investor was blurred like that?

Related to that, it probably would be helpful to have some idea in mind of what it looks like for DNotes to be used as a product, and what it looks like for DNotes to be used as an investment.

Anyway, lots more than what would fit into the elevator pitch, but I'm guessing thinking about these things can only help, right?

Very thoughtful post Wiser, with some great ideas. I've read it a few times. Defining the key points of interest to a potential investor is indeed challenging. This will be very helpful, thank you, I know you must have spent a good amount of time on it. Dyna will be better to answer the more specific questions on the inner workings of DNotes from the business perspective.

Wow, wiser. I didn’t mean to consume a good part of your weekend. It was meant to be a challenge to engage our community that DNotes is not an average digital currency and anyone insisting on a 30 second elevator pitch is missing the boat. Let me guess. No one can read everything our team has collectively developed in a year, and can still keep up with our on going blog posts. We are talking about a lot of original quality contents. That is quite an achievement by itself.

You must have spent a lot of time thinking through the assignment. You provided almost enough materials to start writing a business plan! With limited time, I will try to touch on two points. The first one is stakeholders ownership of the “Newco” (The company, as an example, to be incorporated to be the owner of CryptoMoms, DNotesVault, up coming regulated exchange, and other properties in the future) Numbers being used here are tentative for purposes of discussion only and subject to negotiation. In addition, Newco will receive a large contribution of DNotes from its largest stakeholders who will own a percentage of the company. Collectively, DNotes the currency will own 25% of Newco subject to dilutions as addition funds are raised. There will be at least three rounds of funding of substantial amounts. Details will not be disclosed until it is deemed appropriate, but it will be a substantial contributor to the value of the currency. In contrast, none of Bitcoin ecosystem owners has given any ownership to Bitcoin, the currency. That is the DNotes’ difference. This ownership arrangement will have little impact on day traders and short term investors but of huge value to long term investors of DNotes, especially when invested before everything materialized. The proportionate value of ownership will be reflected in the value of the currency.

World Bank estimated that there are currently 2.5 billion people worldwide that are not served or underserved by banks; collectively known as the unbanked. DNotes is committed to take full advantage of DNotes the currency and the Blockchain technology in cooperation with smart phone manufacturers, service carriers, and international charity organizations to assist the unbanked. This could be a massive international joint project involving DNotes ecosystems and partners infrastructure. Personally, I am very passionate about this project and feel confident that we will have the best solutions.

Wiser definitely provides great material!

My curious thought of the day, would be that if all DNotes were to hypothetically own 25% of said company 'newco', and if I'm interpreting that correctly to mean every DNote in circulation becomes a (dividend bearing?) bond in the company, then DNotes will become very highly valued currency that doubles as an asset. This equity ownership would probably mean an increase in value to somebody's stake over time with respect to company performance. It is difficult with crypto's relatively fixed money supply to offer interest on savings without behaving like a bank does; loaning out significantly more than the physical reserves held. Crypto however, does not have the money creation mechanics that banks do. A loans principal debt must be paid back with added interest in units of DNotes. With a perfectly fixed money supply, there would be no room to pay the interest - so where would the incentive to save come from? There are ~36000 newly minted DNotes per day, so it is not impossible. The beauty of this equity/currency idea though, is that instead of offering interest bearing savings accounts the way banks do to encourage savings / investment, it sounds like DNotes could instead offer company dividends on every DNote held.


This way no banking services, nor debt would be necessary to provide an incentive to hold DNotes. The concept creates an economic culture based on equity, rather than debt; consumer and business preferences change to owning equity, rather than having dangerous access to cheap credit. This cuts against the grain of incentives the current monetary system provides banks - debt is tax-deductible but equity is taxed at 30-40%. Credit expansions and artificial stock bubbles result that hurt many. This is an opportunity to rewrite the business rules without regulation, but by offering incentives that people respond to.


I doubt it escaped anybody's notice the increased incentive to hold DNotes as a dividend bearing share, and as a reliably appreciating currency would add buying pressure at the exchanges. Currently, Digital currencies are mostly speculative assets - that hope to have a stable, transactional value in the future. This plan would make shareholders out of everyday money users; today if you own US dollars, it is just paper, backed by nothing. DNotes ownership would reflect shares in a company, and in a brand; DNotes would be an invest-able asset backed currency. One thing to consider would be macro-effect on consumer preferences, and willingness to use dividend bearing currency as payment - if you spend your DNotes, you miss out on potential future dividends. I doubt this effect would be too strong though - people still spend their savings that would have otherwise earned interest at the bank. Another option would be preferential DNotes that must be 'invested' to earn interest bearing status, but that begins to get complicated, and no longer supports the entire eco-system.


I imagine a scheme like this would be very popular in Middle Eastern / Muslim demographics - who don't believe in banking interest. Banking money is debt, but DNotes are equity assets that yield dividends... Truly works for everybody.


From what I just read, I'd say it's a genius concept overall, and would probably work really well if an indebted government adopted it as a proxy to economic recovery. Smart contracts and the like will make for very exciting possibilities, I can imagine some applications, but I've already written a lot.

With limited time, let me just give you a very brief response on a few key points. Among others, I am responding to a Cointelgraph interview today. A previously published interview will appear on Bitcoin Magazine either today or tomorrow. It could also be picked up by other news outlets. We will have a press release on "CRISP For Employee Incentive Benefits" next week. I now have connections with more than 70% of mainstream media; Fortune, Wall Street Journal, New York Times, Forbes, Wired, Tech Crunch, CNBC, and many more.

"Newco" = New Company or currently un-named company. DNotes, the currency, will own up to 25% of Newco represented by certain number of shares. The 25% of ownership will be diluted as additional funds are raised. This is just how it works with companies than needs new funding to expand, but the ownership value should continue to grow. So it is not a majority ownership, but a very substantial ownership. This is a substantial real world value backing DNotes the currency. With that the currency will have the backing of a legal entity and a solid group of individuals, including mitigation risks.  This may sound simple and exciting, but it is an extremely difficult to replicate and executive.

By strategic choice, Newco’s focus is not on dividend but capital appreciation. It will very quickly be recognized as long term investment with very healthy growth rate. Since the currency would have significant benefits deriving from Newco increasing value, the currency value should also continue to appreciate. Therefore, DNotes long term stakeholders will share the success for Newco propionate to their ownership of DNotes. I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

Our team is growth focused, hugely sacrificing today to make us all successful in the future.

[DNotes]

Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context.

1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTH

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.



Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

[TeeGee]

I was reading that exact article when I got the email notification that you had posted it...

I thought it was misleading too, but the combined addresses at coinbase etc had skipped my mind. Regardless of that fact, I'm not bullish on bitcoin long term, in part because the ownership inequality means that new users won't be overly excited about picking up the scraps. That said, money tends to move from the unproductive to the productive - kind of like that saying 'rags to riches and back to rags in three generations'. So regardless of who has the bitcoins now, it won't stay like that forever. Shared stake concept gets far more people excited.

[infovortice2013]

Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context.

1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTH

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.



Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

yeah and another important thing is how bitcoin will be distributed.... you can find charts that 2 anonimus gigant pools already have more than 51% of mining power, and really think small miners can do nothing against that in long term.

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

[Chase]

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

This is a good thing for the value of DNotes. 

In order for large investors to buy shares in a company, they need to know what they are investing in.  Since they are being directed to this forum, a certain amount of the plan is going to have to be made public.  This is a large amount of money coming into the DNotes ecosystem (future conglomerate) .  This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works.

This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed!

This is what we were promised from the beginning and this is how it is done when it is done right.

Thank you DNotes team!

[DNotes]

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

This is a good thing for the value of DNotes. 

In order for large investors to buy shares in a company, they need to know what they are investing in.  Since they are being directed to this forum, a certain amount of the plan is going to have to be made public.  This is a large amount of money coming into the DNotes ecosystem (future conglomerate) .  This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works.

This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed!

This is what we were promised from the beginning and this is how it is done when it is done right.

Thank you DNotes team!

Thank you Chase, you are exactly correct. Information about the direction of DNotes is required for potential investors, this differs from the information we can provide about individual projects that have their own timeline.

[DNotes]

All, any ideas for the tagline for CRISP for Employee Incentive Benefits?

[Dyna]

Numbers can be presented in any light. Knowing the reason the numbers exist can you give you some insight. Many services, such as payment gateways, create a new address for every transaction. One entity or service could have thousands or hundreds of thousands of addresses, maybe even millions. In some cases, the coins will sit in those addresses until a withdrawal is made. Some of the larger funded addresses could be from services like coinbase that store large amounts in cold storage. The more you think about it, the more you realize this type of data is almost meaningless without a lot more context.

1% OF THE BITCOIN COMMUNITY CONTROLS 99% OF BITCOIN WEALTH

Recently, I ran across this very interesting distribution table on Quora that made me reminisce about the old days of Occupy Wall Street. We are the 99%, right? Maybe in more ways than one, as the table would go on to show. It makes it all seem very clear to me that the more things change, the more they stay the same. Rumor has it that Bitcoin’s original creator, the legendary Satoshi Nakamoto himself, collected the first one million Bitcoins for himself. This would leave a mere 20 million available to the rest of us. And current Bitcoin moguls The Winklevoss Twins have said that they own about 1% of all the bitcoins in existence, as of 2013. That may give you a window into how the bitcoin wealth tends to get distributed.



Source: https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/

yeah and another important thing is how bitcoin will be distributed.... you can find charts that 2 anonimus gigant pools already have more than 51% of mining power, and really think small miners can do nothing against that in long term.

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

Here is an earlier quote I made on May 16, 2017. It should give you a clue why DNotes has a very different philosophy others are not likely to copy. Read it carefully.

"We do not sell any DNotes. I purchased every single DNotes I own through the different exchanges where DNotes are listed. This includes well over 2 million DNotes I purchased and given away. DNotes is the decentralized currency without the central authority or control of any entity or group of individuals. It is owned, at will, by all of its stakeholders. Being at will ownership means shakeholders of DNotes can change their DNotes ownership in whole or in parts without notice. The same rules apply to the community. The community can be abandoned without notice. This new ownership concept has its strengths and weaknesses. DNotes team has developed multi-layer strategies to  compensate for the weaknesses while exploiting its strengths. DNotes team believes that one of Bitcoin's biggest challenges is because of the lack of an individual or a group of individuals who collectively have sufficient self interest to protect and promote Bitcoin, and stand by it.

We are in totally support of the decentralized philosophy of the currency. What we believe to be of paramount importance is a group of individuals, with sufficient self interest, and or an entity along side of the currency with great leadership and commitment to protect and promote the best interest of the currency on behalf of all of DNotes stakeholders. Up to this point, that support group of individuals are the DNotes team along with its community and collectively they clearly have to the self interest to protect, promote and stand by DNotes the currency. We just disclosed a large part of our trade secret. However, making it happen is a totally different issue. I will let others comment on it.

We will be adding an additional layer of support in the coming months. One or more companies will be incorporated to be the owners of our ecosystem, namely DNotesVault and CryptoMoms, and DNotes exchange and other properties in the future. This will be a for profit company or group of companies. DNotes the currency will own as much as 25% of this company. (The ownership structure of this company has not being finalized) By extension ownership, any stakeholder of DNotes will also owns a part of "The Company". This company will be used as the vehicle to raise working capital for our anticipated rapid expansion starting next year. One of our winning strategies is that "we are willing to do things others won't do, so that one day we can do things others can't do".

Let us take it one step further. Newco is a private company and a part of DNotes ecosystem. It is founded and funded by the DNotes team. Its owners decided to give up to 25% of the company to DNotes the currency.  In contrast, Coinbase is also a private company and a part of Bitcoin ecosystem. It is owned by the founding team and some investors. It can but has not given any ownership to Bitcoin, the currency. That is the norm, because they don’t have to.  I hope you are beginning to see the significance of the DNotes' model. In addition, a few of our major stakeholders will be contributing 10 million DNotes to Newco. With a "basket of value" consisting of 10 million DNotes + CryptoMoms + DNotesVault + future projects (including a world class regulated exchange) = Newco, being used as the company to raise a substantial amount of working to support anticipated rapid growth.

It is complicated, but I certainly hope that you are beginning to see a clearer picture.

[Dyna]

Cant understand new plans of newco owning DNotes vault and crisp you are talking about, but are breaking DNotes philosophie of just talk when things are done.

quote
I am fairly confident that this model makes it very attractive for all parties to participate; including banks, financial institutions, local government, state government, and nations. That is why we branded “DNotes is the Digital Currency of the Future With Lasting Value.”

Participating in the early funding rounds of DNotes as small investors may be difficult. Because of legal constraints, participation may be limited to large accredited investors. It will be a few years down the road before Newco is opened up to all investors by way of an IPO. In the meantime, the best way to participate is through ownership of DNotes.

This is a good thing for the value of DNotes. 

In order for large investors to buy shares in a company, they need to know what they are investing in.  Since they are being directed to this forum, a certain amount of the plan is going to have to be made public.  This is a large amount of money coming into the DNotes ecosystem (future conglomerate) .  This will supply the large amount of capital needed for expansion in order to create a world class exchange with DNotesVault, expand CryptoMoms, and the other 'unknowns' that are in the works.

This is a unique opportunity to be a shareholder in this company just by owning DNotes - this won't go unnoticed!

This is what we were promised from the beginning and this is how it is done when it is done right.

Thank you DNotes team!

Chase, you are absolutely correct. I am now connected to over 20 Venture Capital firms and large investors. Some of them are already visiting this forum. I have been down that route before. Except I am a little older and may be a little wiser. But one thing for sure is that I have the best interest of our stakeholders in mind at all time. This can be a fairly long and demanding process. We are also establishing multiple fall back or options.

[mafort1469]

Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.

[DNotes]

Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.

Welcome back mafort, glad to hear everything went well and you are in good health!

[Chase]

Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.

Welcome back mafort, glad to hear everything went well and you are in good health!

Welcome back Marc!

[Dyna]

Hello all. I just wanted to let everyone know that I am finally back and healthy. I have off the rest of the week so I will start getting things together for everyone's input. The timeline for next week will be met! Thanks for your patience.

Very happy to see, Marc. Do the best you can. I will help out at the final process. In fact, I will be fasting for a routine medical procedure that I am not looking forward to. I will be out of commission this Wednesday.

[Chase]

All, any ideas for the tagline for CRISP for Employee Incentive Benefits?

I'll give it a shot and start the list...

1. An affordable option to give back to your employees.

2. An affordable alternative to providing your employees with benefits.


Do I have the concept right??