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Author Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open  (Read 814498 times)
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June 19, 2015, 07:22:27 PM
 #5981


thank you


Friends, need your help: how can I write a new message? not reply, not quote, but new one. I've searched this page but coudn't find  the answer. thanks

At the top and bottom of each thread page, by where the list of hot linked thread pages is, there is a hotlink that says "reply." If you click on it, it will give you a blank message template.

To start a new topic, you have to find the appropriate board (for example, this thread is in the Announcements (Altcoins) board). Once you're in the right board, there should be a button somewhere that says "New Topic" or something similar.

Glad you got it figured out, thank you Wiser.

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June 19, 2015, 07:30:54 PM
 #5982

This is an interesting article attempting to figure out what bitcoin users are using it for and why based on Google's search.

It seems to focus on buying things with bitcoin, but personally, I don't think digital currency is at a stage where people would typically be using it specifically for purchasing, and wouldn't expect to see much of that kind of data. Yes, the one off would occur because you might have bitcoin, or because your a miner, or earned it in some way, or even a hardcore enthusiast. Mainstream development is still very early. Everyone here, buying it, saving it, using it is still an early adopter.

WHAT GOOGLE TELLS US ABOUT BITCOIN USERS

http://www.pymnts.com/exclusive-series/2015/what-google-tells-us-about-bitcoin-users/#.VYRntc9VhBc

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June 20, 2015, 01:17:54 AM
 #5983

That is excellent. It would be nice if US Senate would do the same.


http://cointelegraph.com/news/114603/canada-rules-in-favor-of-an-almost-hands-off-approach-to-bitcoin
2015-06-19 09:13 AM
 Author Evander Smart


Canadian Senate Rules in Favor of ‘An Almost Hands-Off Approach’ to Bitcoin


The Canadian Senate has decided to protect Bitcoin from massive government regulation opting to approach the new technology with “a light regulatory touch – almost a hands-off approach.”

After many months of thoughtful deliberations, the legislative body released the official Canadian Senate report titled “Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.”

The Canadian Senate has spent the better part of the last year reviewing the role of digital currencies will have on the future of economics in the nation including counsel with established Bitcoin expert and advocate Andreas Antonopoulos.

Learning how the currency and underlying technology currently works, what they may be able to provide in the future, the risks for crime, terrorism and fraud, plus the protection of citizens from “cybercrimes” were also weighed heavily in this decision.

Their report's opening assessment of Bitcoin is as follows:

“Block chain technology offers a secure alternative to consumers who do not wish to see their personal information fall prey to the Internet. It offers the ability to transact on the Internet without sharing their personal information with third parties whose databases make juicy targets for hackers. Instead, block chain technology gives consumers the power to provide their own hack-proof online security.”

This victory for Bitcoin comes after issues in Russia with the banning of Bitcoin information websites and Australia levying onerous tax regulations upon cryptocurrency filling the headlines.

Australia has also taken counsel with Andreas Antonopoulos to learn more and hear a proponent’s view of what Bitcoin can do for a domestic and global economy. Antonopoulos explained to the Canadian Senate last October:

“Bitcoin does not force users to surrender their identity with every transaction and put their trust in a chain of supposedly vetted intermediaries who must be trusted to control access to, securely store, and protect transaction data […] because in Bitcoin trust is not vested in central actors, there is no need for centralized regulation and oversight.”

Canada has seen a high amount of Bitcoin interest and business growth over the last two years, including the opening of a Bitcoin Embassy in Montreal. It also hosts almost 70 Bitcoin ATMs around the country, the highest number in the world for any country after the United States, which has 133.

"The conclusions of the Senate Banking Report on digital currencies are extremely positive for all Canadians," said Anthony Di Iorio, President of Decentral Consulting Services and Ethereum Co-Founder, to CoinTelegraph. "Recommendations from the committee that the government explore the vast potential bitcoin and blockchain technology while cautioning against regulations that might hinder its growth and potential have the great opportunity to solidify Canada as a leader in the digital currency and cryptocurrency space."

With Canada’s Senate taking a very pro-Bitcoin stance, this may foster business creation and adoption of the currency and blockchain technology in Canada going forward. The Canadian Senate report concluded with these words in regards to their official stance on digital currency (Bitcoin):

“We believe that the best strategy for dealing with crypto-currencies is to monitor the situation as the technology evolves; that Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) must prepare to navigate and use block chain technology; that this technology offers new ways to protect the personal information of Canadians; and, finally, that this technology requires a light regulatory touch – almost a hands off approach. In other words, not necessarily regulation, but regulation as necessary.”
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June 20, 2015, 02:39:46 AM
 #5984

“We believe that the best strategy for dealing with crypto-currencies is to monitor the situation as the technology evolves; that Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) must prepare to navigate and use block chain technology; that this technology offers new ways to protect the personal information of Canadians; and, finally, that this technology requires a light regulatory touch – almost a hands off approach. In other words, not necessarily regulation, but regulation as necessary.”

EXACTLY! Wow, are we sure this came from politicians? This is the key to crypto success and, it makes perfect sense. It allows them to see the progression of the technology without giving away the right to regulate if needed but, allowing things to progress naturally.

These leaders need to be applauded for their foresight to resist the urge to "take control" Hats off to Canada!
 

DNotesVault
“First, they ignore you. Then, they laugh at you. Then, they fight you. Then you win!” – Mahatma Gandhi 
Prepare for your future now, check out CRISP For Retirement and our complete family of CRISP savings plans.
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June 20, 2015, 02:46:45 AM
 #5985

“We believe that the best strategy for dealing with crypto-currencies is to monitor the situation as the technology evolves; that Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) must prepare to navigate and use block chain technology; that this technology offers new ways to protect the personal information of Canadians; and, finally, that this technology requires a light regulatory touch – almost a hands off approach. In other words, not necessarily regulation, but regulation as necessary.”

EXACTLY! Wow, are we sure this came from politicians? This is the key to crypto success and, it makes perfect sense. It allows them to see the progression of the technology without giving away the right to regulate if needed but, allowing things to progress naturally.

These leaders need to be applauded for their foresight to resist the urge to "take control" Hats off to Canada!
 

I am truly impressed!

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June 20, 2015, 03:00:47 AM
 #5986

“We believe that the best strategy for dealing with crypto-currencies is to monitor the situation as the technology evolves; that Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) must prepare to navigate and use block chain technology; that this technology offers new ways to protect the personal information of Canadians; and, finally, that this technology requires a light regulatory touch – almost a hands off approach. In other words, not necessarily regulation, but regulation as necessary.”

EXACTLY! Wow, are we sure this came from politicians? This is the key to crypto success and, it makes perfect sense. It allows them to see the progression of the technology with giving away the right to regulate if needed but allowing things to progress naturally.

These leaders need to be applauded for their foresight to resist the urge to "take control" Hats off to Canada!
 


I was just about to say something similar.  Now I can just say I agree with RJF!  Grin 

"not necessarily regulation, but regulation as necessary" - from the mouth of a politician

"The true sign of intelligence is not knowledge but imagination." -Albert Einstein-

DNotes EDU – Cryptocurrency Education For All – Accomplishments of 2018
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June 20, 2015, 03:58:16 AM
 #5987

“We believe that the best strategy for dealing with crypto-currencies is to monitor the situation as the technology evolves; that Canada Revenue Agency and Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) must prepare to navigate and use block chain technology; that this technology offers new ways to protect the personal information of Canadians; and, finally, that this technology requires a light regulatory touch – almost a hands off approach. In other words, not necessarily regulation, but regulation as necessary.”

EXACTLY! Wow, are we sure this came from politicians? This is the key to crypto success and, it makes perfect sense. It allows them to see the progression of the technology with giving away the right to regulate if needed but allowing things to progress naturally.

These leaders need to be applauded for their foresight to resist the urge to "take control" Hats off to Canada!
 


I was just about to say something similar.  Now I can just say I agree with RJF!  Grin  

"not necessarily regulation, but regulation as necessary" - from the mouth of a politician

If we had the resources -- sigh -- we'd study nations, over the next few years, in respect of their attitudes to cryptos.

Will we be able to graph the impacts of both the positives and the negatives on individual nations? Will positives outweigh negatives?

Will some nations be proven right in having bet that they can 'drain' so much money and talent from negative-attitude nations that they (the draining-nations) will ultimately wind up way ahead notwithstanding the negative aspects? I think that Singapore has made this bet.

'If you can't beat 'em, join 'em.'

Mark (IndiaMikeZulu), Australia
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June 20, 2015, 04:29:52 AM
 #5988


http://insidebitcoins.com/news/dnotes-alan-yong-speaks-at-silicon-dragon-regarding-bitcoins-shortfalls/33225

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June 20, 2015, 04:35:47 AM
Last edit: June 21, 2015, 05:15:34 PM by CryptoBroker79
 #5989

DNotes Educational Guide Version 2 is officially launched on Google Play.
https://play.google.com/store/apps/details?id=com.cojack.dnedu

Whether you are a beginner or expert with Digital Currency, DNotes Educational Guide will teach you everything you need to know about Digital Currency.

Save time and effort with this easy to use guide on Digital Currency. Why waste countless hours sorting through potentially misleading information, when our industry professionals who wrote this guide have spent thousands of hours doing it for you. It features a continually expanding database of how to guides, terms and definitions, and quiz to test your knowlege.

Although we have plans in place to generate revenue, our services will always remain free to our users. All proceeds from DNotes Educational Guide go to:
Fire Fighters for Digital Currency (FF4DC) - www.firefightersfordigitalcurrency.com www.ff4dc.com
and
Veterans for Digital Currency (V4DC) - www.veteransfordigitalcurrency.com www.v4dc.com

Watch preview on YouTube:
https://m.youtube.com/watch?v=hHVM5qCRiAY&feature=youtu.be

Show your support on the new Bitcointalk thread:
https://bitcointalk.org/index.php?topic=1094490.new#new

Connect with DNotes Educational Guide through Social Media:
Twitter - https://twitter.com/dnotesedu
YouTube - https://www.youtube.com/channel/UColbi5N4tCOUfMEC4uMjEDw

Version 2 Lead Developer was Bitcointalk user "cojack"
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June 20, 2015, 10:12:35 AM
 #5990

DNotes Educational Guide Version 2 is officially launched on Google Play.
https://play.google.com/store/apps/details?id=com.cojack.dnedu

Whether you are a beginner or expert with Digital Currency, DNotes Educational Guide will teach you everything you need to know about Digital Currency.

Save time and effort with this easy to use guide on Digital Currency. Why waste countless hours sorting through potentially misleading information, when our industry professionals who wrote this guide have spent thousands of hours doing it for you. It features a continually expanding database of how to guides, terms and definitions, and quiz to test your knowlege.

Although we have plans in place to generate revenue, our services will always remain free to our users. All proceeds from DNotes Educational Guide go to:
Fire Fighters for Digital Currency (FF4DC) - www.firefightersfordigitalcurrency.com www.ff4dc.com
and
Veterans for Digital Currency (V4DC) - www.veteransfordigitalcurrency.com www.v4dc.com

Watch preview on YouTube:
https://m.youtube.com/watch?v=hHVM5qCRiAY&feature=youtu.be

Show your support on the new Bitcointalk thread:
https://bitcointalk.org/index.php?topic=1094490.new#new

Connect with DNotes Educational Guide through Social Media:
Facebook - https://www.facebook.com/DNotesEDU
Twitter - https://twitter.com/dnotesedu
Instagram - https://instagram.com/dnotes_edu/
YouTube - https://www.youtube.com/channel/UColbi5N4tCOUfMEC4uMjEDw

Version 2 Lead Developer was Bitcointalk user "cojack"

Wow. Amazing work. Contragulations for a job very well done!!!.
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June 20, 2015, 02:35:11 PM
Last edit: June 20, 2015, 06:13:13 PM by DNotes
 #5991

DNotes Educational Guide Version 2 is officially launched on Google Play.
https://play.google.com/store/apps/details?id=com.cojack.dnedu

Whether you are a beginner or expert with Digital Currency, DNotes Educational Guide will teach you everything you need to know about Digital Currency.

Save time and effort with this easy to use guide on Digital Currency. Why waste countless hours sorting through potentially misleading information, when our industry professionals who wrote this guide have spent thousands of hours doing it for you. It features a continually expanding database of how to guides, terms and definitions, and quiz to test your knowlege.

Although we have plans in place to generate revenue, our services will always remain free to our users. All proceeds from DNotes Educational Guide go to:
Fire Fighters for Digital Currency (FF4DC) - www.firefightersfordigitalcurrency.com www.ff4dc.com
and
Veterans for Digital Currency (V4DC) - www.veteransfordigitalcurrency.com www.v4dc.com

Watch preview on YouTube:
https://m.youtube.com/watch?v=hHVM5qCRiAY&feature=youtu.be

Show your support on the new Bitcointalk thread:
https://bitcointalk.org/index.php?topic=1094490.new#new

Connect with DNotes Educational Guide through Social Media:
Facebook - https://www.facebook.com/DNotesEDU
Twitter - https://twitter.com/dnotesedu
YouTube - https://www.youtube.com/channel/UColbi5N4tCOUfMEC4uMjEDw

Version 2 Lead Developer was Bitcointalk user "cojack"

Excellent job guys! Really like the new look.

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June 20, 2015, 04:03:48 PM
 #5992

   Because regulations are not matching to an un institutional currency, (it seems as oil and water) - I think that it would be better to find a system that has a social character, under the national character that regulations have.
my system to offer is: a Common Guaranty System, which is not insurance for the NOTES account (and other DC), but it is kind of social and community trust - that would cover partial loss of hacking and digital fades.
any way, i think that the currencies that will develop and stay on the stage, and will not fade out - will be the currencies that will be characterized - on the conditions of un national and un institutional field.
I will be happy detail this suggestion of Common Guaranty System, I sure have some ideas regarding how it should be, but first I wish to read your comments, if at all, and understand where kind of idea stands in your thoughts
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June 20, 2015, 04:47:45 PM
 #5993

   Because regulations are not matching to an un institutional currency, (it seems as oil and water) - I think that it would be better to find a system that has a social character, under the national character that regulations have.
my system to offer is: a Common Guaranty System, which is not insurance for the NOTES account (and other DC), but it is kind of social and community trust - that would cover partial loss of hacking and digital fades.
any way, i think that the currencies that will develop and stay on the stage, and will not fade out - will be the currencies that will be characterized - on the conditions of un national and un institutional field.
I will be happy detail this suggestion of Common Guaranty System, I sure have some ideas regarding how it should be, but first I wish to read your comments, if at all, and understand where kind of idea stands in your thoughts

Hi matatyau, so to summarize, you would suggest a community managed fund where everyone could contribute and be used to offset an event where coins were lost/hacked. Did I get that correctly?

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June 20, 2015, 05:40:55 PM
 #5994


yes, and to use this system - as 1 detail on the wide picture that characterizes DNOTE in social manners. I guess "mannage" is not the right phrase here, even if the action might seems close to managing, it is not mannaging but community steps

 

   Because regulations are not matching to an un institutional currency, (it seems as oil and water) - I think that it would be better to find a system that has a social character, under the national character that regulations have.
my system to offer is: a Common Guaranty System, which is not insurance for the NOTES account (and other DC), but it is kind of social and community trust - that would cover partial loss of hacking and digital fades.
any way, i think that the currencies that will develop and stay on the stage, and will not fade out - will be the currencies that will be characterized - on the conditions of un national and un institutional field.
I will be happy detail this suggestion of Common Guaranty System, I sure have some ideas regarding how it should be, but first I wish to read your comments, if at all, and understand where kind of idea stands in your thoughts

Hi matatyau, so to summarize, you would suggest a community managed fund where everyone could contribute and be used to offset an event where coins were lost/hacked. Did I get that correctly?
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June 20, 2015, 06:29:43 PM
 #5995

DNotes Educational Guide Version 2 is officially launched on Google Play.
https://play.google.com/store/apps/details?id=com.cojack.dnedu

Whether you are a beginner or expert with Digital Currency, DNotes Educational Guide will teach you everything you need to know about Digital Currency.

Save time and effort with this easy to use guide on Digital Currency. Why waste countless hours sorting through potentially misleading information, when our industry professionals who wrote this guide have spent thousands of hours doing it for you. It features a continually expanding database of how to guides, terms and definitions, and quiz to test your knowlege.

Although we have plans in place to generate revenue, our services will always remain free to our users. All proceeds from DNotes Educational Guide go to:
Fire Fighters for Digital Currency (FF4DC) - www.firefightersfordigitalcurrency.com www.ff4dc.com
and
Veterans for Digital Currency (V4DC) - www.veteransfordigitalcurrency.com www.v4dc.com

Watch preview on YouTube:
https://m.youtube.com/watch?v=hHVM5qCRiAY&feature=youtu.be

Show your support on the new Bitcointalk thread:
https://bitcointalk.org/index.php?topic=1094490.new#new

Connect with DNotes Educational Guide through Social Media:
Facebook - https://www.facebook.com/DNotesEDU
Twitter - https://twitter.com/dnotesedu
YouTube - https://www.youtube.com/channel/UColbi5N4tCOUfMEC4uMjEDw

Version 2 Lead Developer was Bitcointalk user "cojack"

Excellent job guys! Really like the new look.


Wow. Amazing work. Contragulations for a job very well done!!!.

Thanks DNotes and Dyna, we're just getting started. I not only want this be the easiest guide to digital currency, but the most comprehensive as well.
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June 20, 2015, 06:33:16 PM
 #5996

That is excellent. It would be nice if US Senate would do the same.


http://cointelegraph.com/news/114603/canada-rules-in-favor-of-an-almost-hands-off-approach-to-bitcoin
2015-06-19 09:13 AM
 Author Evander Smart


Canadian Senate Rules in Favor of ‘An Almost Hands-Off Approach’ to Bitcoin


The Canadian Senate has decided to protect Bitcoin from massive government regulation opting to approach the new technology with “a light regulatory touch – almost a hands-off approach.”

After many months of thoughtful deliberations, the legislative body released the official Canadian Senate report titled “Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.”



I didn't read the whole report - I'll save that for another day with more hours in it. Grin  One of the recommendations is that Canada works with other countries to formulate global guidelines for digital currency.  Considering the close relationship that Canada and the U.S. have, I'm sure it's only a matter of time before the U.S. comes to the same conclusions.  It is very nice to see Canada taking a leadership role in this!


“Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.”

LIST OF RECOMMENDATIONS
The Committee recommends that:

Recommendation 1 (page 13)
The federal government, in considering any legislation, regulation and policies, create an environment that fosters innovation for digital currencies and their associated technologies. As such, the government should exercise a regulatory “light touch” that minimizes actions that might stifle the development of these new technologies.

Recommendation 2 (page 14)
The federal government consider the use of blockchain technology when advantageous to deliver government services and to enhance the security of private information.

Recommendation 3 (page 14)
Digital currency exchanges, the “on and off ramps” of the digital currency system, be defined as any business that allows customers to convert state-issued currency to digital currency and digital currencies to state-issued currency or other digital currencies. To minimize the risks of illegal activity in relation to Canada’s anti–money laundering and anti–terrorist financing laws, the federal government should require digital currency exchanges, with the exclusion of businesses that solely provide wallet services, to meet the same requirements as money services businesses.

Recommendation 4 (page 15)
The federal government, on an active and ongoing basis, work with other countries to formulate global guidelines for digital currencies while respecting the “light touch” premise outlined in Recommendation 1 above.


Recommendation 5 (page 15)
The Minister of Finance convene a roundtable with stakeholders, including banks, to look for solutions to the lack of access to banking services for digital currency related businesses, while recognizing the requirements of Canada’s anti–money laundering and anti–terrorist financing regime.

Recommendation 6 (page 16)
The federal government, through appropriate federal entities, provide concise information to the public about the risks of digital currencies and alternative payment systems.

Recommendation 7 (page 17)
The federal government, through the Canada Revenue Agency, provide concise information to Canadians about the tax obligations of digital currencies when received as income, held as an investment, or used to purchase goods or services.

Recommendation 8 (page 17)
Due to the evolving nature of digital currencies, the Standing Senate Committee on Banking, Trade and Commerce review this study of digital currencies and their associated technologies to assess the appropriateness of the regulatory environment in the next three years.

"The true sign of intelligence is not knowledge but imagination." -Albert Einstein-

DNotes EDU – Cryptocurrency Education For All – Accomplishments of 2018
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June 20, 2015, 11:34:57 PM
 #5997

That is excellent. It would be nice if US Senate would do the same.


http://cointelegraph.com/news/114603/canada-rules-in-favor-of-an-almost-hands-off-approach-to-bitcoin
2015-06-19 09:13 AM
 Author Evander Smart


Canadian Senate Rules in Favor of ‘An Almost Hands-Off Approach’ to Bitcoin


The Canadian Senate has decided to protect Bitcoin from massive government regulation opting to approach the new technology with “a light regulatory touch – almost a hands-off approach.”

After many months of thoughtful deliberations, the legislative body released the official Canadian Senate report titled “Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.”



I didn't read the whole report - I'll save that for another day with more hours in it. Grin  One of the recommendations is that Canada works with other countries to formulate global guidelines for digital currency.  Considering the close relationship that Canada and the U.S. have, I'm sure it's only a matter of time before the U.S. comes to the same conclusions.  It is very nice to see Canada taking a leadership role in this!


“Digital Currency: You Can’t Flip This Coin! Report of the Standing Senate Committee on Banking, Trade and Commerce.”

LIST OF RECOMMENDATIONS
The Committee recommends that:

Recommendation 1 (page 13)
The federal government, in considering any legislation, regulation and policies, create an environment that fosters innovation for digital currencies and their associated technologies. As such, the government should exercise a regulatory “light touch” that minimizes actions that might stifle the development of these new technologies.

Recommendation 2 (page 14)
The federal government consider the use of blockchain technology when advantageous to deliver government services and to enhance the security of private information.

Recommendation 3 (page 14)
Digital currency exchanges, the “on and off ramps” of the digital currency system, be defined as any business that allows customers to convert state-issued currency to digital currency and digital currencies to state-issued currency or other digital currencies. To minimize the risks of illegal activity in relation to Canada’s anti–money laundering and anti–terrorist financing laws, the federal government should require digital currency exchanges, with the exclusion of businesses that solely provide wallet services, to meet the same requirements as money services businesses.

Recommendation 4 (page 15)
The federal government, on an active and ongoing basis, work with other countries to formulate global guidelines for digital currencies while respecting the “light touch” premise outlined in Recommendation 1 above.


Recommendation 5 (page 15)
The Minister of Finance convene a roundtable with stakeholders, including banks, to look for solutions to the lack of access to banking services for digital currency related businesses, while recognizing the requirements of Canada’s anti–money laundering and anti–terrorist financing regime.

Recommendation 6 (page 16)
The federal government, through appropriate federal entities, provide concise information to the public about the risks of digital currencies and alternative payment systems.

Recommendation 7 (page 17)
The federal government, through the Canada Revenue Agency, provide concise information to Canadians about the tax obligations of digital currencies when received as income, held as an investment, or used to purchase goods or services.

Recommendation 8 (page 17)
Due to the evolving nature of digital currencies, the Standing Senate Committee on Banking, Trade and Commerce review this study of digital currencies and their associated technologies to assess the appropriateness of the regulatory environment in the next three years.

The report is impressive in itself, it appears to be fairly unbiased and factual.

Cryptocurrencies
According to the Canadian Payments Association, as of 10 April 2014, there were between 1,000
and 2,000 daily transactions in Canada involving bitcoin. These transactions represented 1/100 of
1% of the total volume of Canada’s daily payments transactions.

1% is outstanding.

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June 21, 2015, 11:37:38 AM
 #5998

Here is an interesting letter I found in my mail box this morning I thought worth sharing.

Well .. One more purpose of DNotes is to provide equal currency protection to everyone around the world. Think about. That is very significant. DNotes is still at its infancy. At this point, we are all guardians of DNotes. We just need to ensure that this "infant" grows up with a great sense of purpose and committed to become a global solution. That is a worthy mission I am willing to work hard to help accomplish.

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

 International Quantum Exchange for Innovation    
      
21 June 2015
 
Dear Alan
 
Massive Bank Runs May Force Grexit: Another Lehman?
 
Having spoken to a number of top bankers and financiers across Europe in the last 24 hours, the situation is extremely grave in regard to Greece and the Eurozone.
 
One hundred and one years after the start of the First World War, as Europe may get sucked into the financial equivalent of that war, the following salient points are worth noting:

1. The fragile Greek banking system has been irreparably damaged by the recent bank runs in Greece which have been colossal and measured in billions of euros per week in an accelerating spiral for the last few weeks.
  
2. All banking hinges on account holders' confidence. No matter how solid a bank is, it will be unable to sustain most large depositors removing their deposits simultaneously. This is what is happening to all Greek banks which is a near impossible situation to control.

3. Events are now marching way ahead of the politicians' abilities and negotiations. Those who think they are the masters and commanders of Greece's destiny in Athens, Brussels, Frankfurt, Washington DC and Moscow are soon going to play second fiddle to the haemorrhaging Greek banking system in regard to which confidence has been mostly lost.
  
4. The amount of money in the vicinity of a few billion euros that the European Central Bank (ECB) has already pumped in and is willing to extend further to the Greek central bank to sustain the run on Greek banks is now insufficient in comparison to the money required to maintain unrestricted and unencumbered confidence in the failing Greek financial system.

5. With the net result that come next week, any combination of three draconian measures are likely to be announced by the Greek central bank and the Greek government:
 
Bank holiday(s) to stop the bank runs;
Capital controls to ensure that Greek citizens and entities don't remit further funds abroad above an acceptable narrow limit;
Recapitalisation of Greek banks by doing a Cyprus style bail-in, i.e. by raiding the deposits of account holders to shore up the capital adequacy of Greek banks.
 
6. Once a, b and/or c of point 5. are executed, the Greek exit is neither here nor there. It is a fait accompli because Greece will be paralysed and a quasi-Grexit will have happened automatically thanks to the Greek citizens having voted by switching their money from Greek banks to overseas banks.

7. The contagion may then spread into the European bond markets and also into the confidence associated with the single European currency and both may plunge significantly as ECB's Target2 ends up with a hole in its chest. Target2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. Payment transactions are settled one by one on a continuous basis in central bank money with immediate finality. There is no upper or lower limit on the value of payments. The Greek crisis will render Target2 into no man's land and therefore in uncharted waters.

8. At that point, we may be a short hop and skip away from a full blown Greek exit and that is simply because the Greek banking system will have de facto collapsed post a European Lehman-style event over which the politicians will have little or no control left.
 
9. As our organisation ATCA 5000 predicted many years ago, alongside other eminent think-tanks, the Greek situation within the euro could become unsustainable at some point and also the single currency itself would come under heavy pressure to splinter after departures from within its club.

10. To make matters even more complicated, there appears to be no mechanism to leave the Eurozone without exiting from the European Union.

11. The bigger issue going forward is the broad-brush destabilisation the Greek departure from Europe's single currency may inflict on the stability of the European Union, the Eurozone and the global banking and financial system. It remains to be seen how big the contagion and chaos might be, although it is certain that there will be some mission critical fallout from this unfolding Greek crisis.

[ENDS]
 
Yours sincerely

 

DK Matai

 
 
Source: www.ATCA5000.com
 
  
 
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June 21, 2015, 12:42:01 PM
 #5999

This is very significant. NASDAQ EinNews has over 6 million readers.


NASDAQ EinNews
ReleaseWire: 06-19-2015
http://nasdaq.einnews.com/article/271743686/GoHfZ2NNLJtGbRIP

NASDAQ News Today

Digital Currency DNotes to Present at NASDAQ in New York – Builds on Bitcoin's Shortfalls

Bitcoin alternative DNotes’ co-founder Alan Yong will be joining the “Innovation Spotlight: Digital Currencies” panel at Silicon Dragon, to be held at the NASDAQ on June 22nd, 2015. DNotes is a second generation digital currency focused on long-term adoption, scalability, and solving real-world issues.

Scottsdale, AZ -- (ReleaseWire) -- 06/19/2015 -- DNotes co-founder Alan Yong is pleased to be joining the Innovation Spotlight: Digital Currencies panel at this year's Silicon Dragon event, to be held in New York at the NASDAQ on June 22nd. Alan Yong is an experienced tech entrepreneur having founded personal computer company Dauphin Technology in 1989. Francesco Rulli, President of bitLanders and bitCharities, will also be part of the panel, along with Sarah Martin, VP at Digital Currency Council. The panel will be moderated by Porter Bibb, Managing Partner at MediaTech Capital Partners.

Stable Bitcoin alternative DNotes is focused on long-term adoption and solving real-world issues for the unbanked and people worldwide from all walks of life. DNotes' ecosystem includes the world's first Cryptocurrency Investment Savings Plans (CRISPs) for retirees, employees, students, and children worldwide. CRISPs include a 100% deposit guarantee and bonus interest for retirement CRISPs participants. DNotes also funds cryptocurrency neutral site CryptoMoms in order to aid women's participation in cryptocurrencies.

Bitcoin has correctly been credited as the most disruptive technology in the monetary system since the debit card. However, Bitcoin has been hit with countless negative headlines and has arguably settled with a very limited purpose as a speculative trading vehicle. Some believe Bitcoin is failing to meet the full function of money and gain mass acceptance as it is too costly to acquire, and too volatile as a store of value and medium of exchange.

But Bitcoin's ground-breaking technology laid the foundation for improved and more advanced cryptocurrencies that have a real chance to make it into the mainstream and revolutionize the monetary system just as the debit card once did. The main innovation stemming from Bitcoin is trustless transactions, meaning transactions are fully decentralized and do not rely on a central bank or government. Bitcoin also introduced the primary innovation of blockchain technology; a public ledger where all Bitcoin transactions are recorded indefinitely together with all Bitcoin 'blocks' that have been mined to secure the network.

DNotes is the second generation Bitcoin alternative digital currency taking full advantage of the pioneer Bitcoin's innovation while avoiding the pitfalls. It was clear early that DNotes strives to maintain reliable long-term appreciation building stability, trust, and currency value in line with fundamental value.

DNotes is a currency with a purpose with global initiatives to help solve global problems. There are currently 2.5 billion people worldwide that do not have a bank account, insurance, or are under-served by banks and financial service companies. DNotes is beneficial for the unbanked as it does not require a stable government, includes inexpensive transactions, minimal exchange fees, and near zero remittance costs for sending money to any country. No ID is required for people who do not have one or do not trust their governments. DNotes has the potential to change the wealth of nations and their citizens by enabling anyone, anywhere to tap into the emerging wealth creation opportunities provided by digital currency.

Bitcoin will most likely go down in history as one of the greatest technology revolutions in history. Bitcoin as a currency is an integral part of the technology pack, powered by the Blockchain as the most innovative protocol of decentralized distributed consensus ledger ever conceived. DNotes, designed from the ground up with a purpose as the stable trustworthy digital currency for everyone, is destined to possibly become the global Digital Currency of the future with lasting value. With an ecosystem that currently consists of DNotesVault, Cryptocurrency Investment Saving Plans and CryptoMoms, DNotes is the currency with the highest potential for mass global acceptance. The DNotes ecosystem consists of highly scalable buildings block to expand rapidly on a global scale at the most opportune time.

About Alan Yong
DNotes Co-Founder Alan Yong is a well -regarded visionary since the early days of personal computers. He founded Dauphin Technology in 1989, which had contracts with the US Department of Defense, and is best known for creating the Dauphin DTR, the most powerful window-based miniature computer that competed head-on with Apple's Newton computer that became the Apple Iphone as we know it today. In 2007, Yong co-founded Smokeys Daylily Gardens, one of the largest daylily growers in the world. Smokeys Daylily Gardens is the first merchant to accept DNotes as payment for its products.

About DNotesVault and CRISP
DNotes is a currency for everyone – unborn to most senior, rich or poor. Over the last year DNotes successfully launched the world's first Cryptocurrency Investment Savings Plans (CRISPs) for employees, children, students, and retirement. CRISPs provide a 100% guarantee matching fund verifiable on the transparent blockchain and embedded in DNotesVault.com infrastructure. For the first time, DNotes' CRISPs and DNotesVault allow anyone worldwide to take advantage of the unprecedented opportunities provided by digital currency.

About CryptoMoms
In 2014 DNotes founded Cryptomoms.com, an online community to encourage and assist women to participate in the emerging world of cryptocurrencies overwhelmingly dominated by men. Surveys from 2014 show that 95% of cryptocurrency participants are male even though women account for 50% of the buying power. CryptoMoms is a platform fully equipped with a forum, chat, information pages and a full guide on how to store, buy, and sell digital money. It is clear that in order for digital currencies to become truly mainstream the gender imbalance must be corrected.

About Silicon Dragon
Silicon Dragon is a news, events, and research group covering innovation and investment hubs in the Silicon Valleys of the world, and provides insights to strategize and profit in the world's top tech innovation centers. The next Silicon Dragon event will be held on the 22nd of June at the NASDAQ in New York where Alan Yong will be attending as a panelist on the Innovation Spotlight: Digital Currencies Panel.

For more information please visit: http://dnotescoin.com

To trade DNotes with Bitcoin please go to: http://poloniex.com/exchange#btc_note

To learn more about DNotesVault and CRISPs please go to: http://dnotesvault.com

Follow DNotes on twitter: http://twitter.com/dnotescoin

Media contact:
Name: Alan Yong
Email: Contact@DNotescoin.com
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June 21, 2015, 12:44:06 PM
 #6000

Here is an interesting letter I found in my mail box this morning I thought worth sharing.

Well .. One more purpose of DNotes is to provide equal currency protection to everyone around the world. Think about. That is very significant. DNotes is still at its infancy. At this point, we are all guardians of DNotes. We just need to ensure that this "infant" grows up with a great sense of purpose and committed to become a global solution. That is a worthy mission I am willing to work hard to help accomplish.

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

 International Quantum Exchange for Innovation    
      
21 June 2015
 
Dear Alan
 
Massive Bank Runs May Force Grexit: Another Lehman?
 
Having spoken to a number of top bankers and financiers across Europe in the last 24 hours, the situation is extremely grave in regard to Greece and the Eurozone.
 
One hundred and one years after the start of the First World War, as Europe may get sucked into the financial equivalent of that war, the following salient points are worth noting...

I think we're going to see more of this, and when all the "smaller" currencies have devalued due to loss of confidence, the Dollar may also become vulnerable. It tends to be the way of fiat currencies which have gotten inflated. It may take years or centuries, but at some point, unbacked fiat currencies do eventually hit a point where they lose value more quickly than people's ability to earn them.

Since I know many people on this thread own a lot of DNotes... and DNotes is actually going somewhere...

I recently read this amazingly thought provoking book called Return to Order by John Horvat. It gets really philosophical about how society is and should be fundamentally ordered to bring the most good to people. Many might disagree with the premises and conclusions but it is very well researched and thought out and for that reason, well worth the read. I promise that despite the subtitle it is not preachy, just heartfelt.

Just thought I'd share a treasure that I've been pondering since I read it a month or so ago. DNotes book club, anyone?
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