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

[DNotes]

Well finally DNotes is listed over Cryptopia can find here https://www.cryptopia.co.nz/Exchange  please come and put some orders, 7 markets is a lot to good fill by my self so little help will be welcome.


DCEB is offline ?

infovortice2013, thank you. DCEBrief is fine. I just checked.

It is exciting to see DNotes listed on Cryptopia. Joe will try the help out. I am committed to get something do by end of today.

I have been extremely busy lining up a number of projects for 2016. Hardly have time for much of anything else.

Yep, I am having problems connecting to DCEBrief at the moment. I'm sure it will be back up soon.

Whatever I can do to help on Cryptopia, just let me know.

We are back up and running now.

[DNotes]

Amid all the statements made in the news by uninformed people in banking, finance, and government, it is refreshing to read about someone who actually gets it.


"George Osborne: Digital Currencies Could 'Play Big Part' in Finance"

George Osborne, the UK's Chancellor of the Exchequer, has issued new remarks about digital currencies.

Speaking at the Bank of England's Open Forum conference earlier this morning, Osborne re-emphasised his desire for London to be a world leader in both FinTech and digital currencies.

According to Bloomberg, Osborne commented on the potential of the "once dismissed" alternative currencies, saying:

"[Digital currencies] may now well play a big part in our financial future."

During his opening remarks, the Chancellor also touched upon the topic of innovation, noting that the UK was committed to ensuring that regulation is not too burdensome.

This is not the first time that the Chancellor of the Exchequer has spoken about digital currencies in public.

In August last year, Osborne announced a new scheme that set out to assess the potential role of cryptocurrencies in Britain's economy, commissioning the UK Treasury to produce a programme relating to cryptocurrencies to weigh both the technology's benefits and risks.

The Chancellor also made headlines last year, after he withdrew £20 worth of bitcoin from an ATM at the London offices of FinTech accelerator Level 39, which is home to Swiss investment bank UBS' blockchain research lab.

Excellent. "During his opening remarks, the Chancellor also touched upon the topic of innovation, noting that the UK was committed to ensuring that regulation is not too burdensome." I hope that means financial services innovation as well.

[DNotes]

http://dcebrief.com/children-and-cryptocurrency-why-they-need-to-learn-now/

[kanus1113]

Amid all the statements made in the news by uninformed people in banking, finance, and government, it is refreshing to read about someone who actually gets it.


"George Osborne: Digital Currencies Could 'Play Big Part' in Finance"

George Osborne, the UK's Chancellor of the Exchequer, has issued new remarks about digital currencies.

Speaking at the Bank of England's Open Forum conference earlier this morning, Osborne re-emphasised his desire for London to be a world leader in both FinTech and digital currencies.

According to Bloomberg, Osborne commented on the potential of the "once dismissed" alternative currencies, saying:

"[Digital currencies] may now well play a big part in our financial future."

During his opening remarks, the Chancellor also touched upon the topic of innovation, noting that the UK was committed to ensuring that regulation is not too burdensome.

This is not the first time that the Chancellor of the Exchequer has spoken about digital currencies in public.

In August last year, Osborne announced a new scheme that set out to assess the potential role of cryptocurrencies in Britain's economy, commissioning the UK Treasury to produce a programme relating to cryptocurrencies to weigh both the technology's benefits and risks.

The Chancellor also made headlines last year, after he withdrew £20 worth of bitcoin from an ATM at the London offices of FinTech accelerator Level 39, which is home to Swiss investment bank UBS' blockchain research lab.

I'm impressed, coming from the UK's head of the treasury, that should carry a lot of weight.

[IMZ]

"Whatever I can do to help on Cryptopia, just let me know."

[Warning: Mark is the beginner-est crypto trader on the planet, but he has competent partners.]

One of two things happens when a new pair goes up.

The first is that enough 'outsiders' buy and sell at the initially too-high and too-low prices to bring the buy-sell split in line with that cryptos' other exchanges. At that point, that crypto is 'primed' on that exchange (and those community members who sold and bought at those too-high and too-low prices make a penny out of newcomers to the coin -- ahh! an insight into the moralities of coin communities!)

[E.g.: at this second, NOTE is 2797-2661 on Poloniex, but 2900-2211 on Cryptopia.]

The second is that committed members of the community pile in on the new exchange, and buy and sell themselves at those too-high and too-low* prices, thus closing the gap.

[Tee hee] I've been watching and waiting; but [sigh] okay, I'll go this second, and start 'packing the gap.'

Mark (IndiaMikeZulu), Australia

*The 'too-low-ness' depends on whether you have available at this second Dnotes that you paid less than 2900 for.

[Chase]

Is Microsoft really claiming that they can create a better, more secure currency than bitcoin in 20 minutes??


Microsoft wants to make Bitcoin easier for banks

Microsoft no longer solely counts on Windows 10 to pay the bills. With CEO Satya Nadella at the helm, it's also betting heavily on cloud services, and just revealed an interesting new one: Bitcoin-style encryption. Redmond joined forces with startup ConsenSys on a platform called Ethereum to help business to play around with the blockchain tech used in crypto-currency. The move is well-timed, as banks are starting to get seriously interested in BItcoin-style currency. However, Microsoft said that Bitcoin applications are "just scratching the surface of what can be done when you mix cryptographic security [with the] reliability of blockchain."

The tech can also be used to secure and verify the exchange of any data, which will make it useful to other industries. Via simple templates, companies can create blockchain-based "smart contracts," for instance. However, the main attraction of the tech is still Bitcoin-style money, something that still befuddles financial institutions. Microsoft's tech would let use peer-to-peer networks and "consensus-formation algorithm" to secure the Ethereum-based currency, just like Bitcoin. However they could create their own, far more secure currency than Bitcoin in just 20 minutes and update the value every 15 seconds -- 40 times faster than Bitcoin.

http://www.engadget.com/2015/11/11/microsoft-bitcoin-currency-banks/


edit:  The article says Microsoft is the source of this info, but I think the "20 minute currency, more secure than bitcoin" comment is the author's snide remark.  Who knows??

[DNotes]

Is Microsoft really claiming that they can create a better, more secure currency than bitcoin in 20 minutes??


Microsoft wants to make Bitcoin easier for banks

Microsoft no longer solely counts on Windows 10 to pay the bills. With CEO Satya Nadella at the helm, it's also betting heavily on cloud services, and just revealed an interesting new one: Bitcoin-style encryption. Redmond joined forces with startup ConsenSys on a platform called Ethereum to help business to play around with the blockchain tech used in crypto-currency. The move is well-timed, as banks are starting to get seriously interested in BItcoin-style currency. However, Microsoft said that Bitcoin applications are "just scratching the surface of what can be done when you mix cryptographic security [with the] reliability of blockchain."

The tech can also be used to secure and verify the exchange of any data, which will make it useful to other industries. Via simple templates, companies can create blockchain-based "smart contracts," for instance. However, the main attraction of the tech is still Bitcoin-style money, something that still befuddles financial institutions. Microsoft's tech would let use peer-to-peer networks and "consensus-formation algorithm" to secure the Ethereum-based currency, just like Bitcoin. However they could create their own, far more secure currency than Bitcoin in just 20 minutes and update the value every 15 seconds -- 40 times faster than Bitcoin.

http://www.engadget.com/2015/11/11/microsoft-bitcoin-currency-banks/


edit:  The article says Microsoft is the source of this info, but I think the "20 minute currency, more secure than bitcoin" comment is the author's snide remark.  Who knows??

Hmm, maybe they are saying they can build a currency on Etherium in 20 minutes. Which should be possible, I don't know if it makes sense since everything you would do with that currency would then cost you ether, granted not much but it's still a cost. However, I don't know what it means when they say "update the value".

[IMZ]

See the comments of 'Vmichalik' below the article.

[Dyna]

Is Microsoft really claiming that they can create a better, more secure currency than bitcoin in 20 minutes??


Microsoft wants to make Bitcoin easier for banks

Microsoft no longer solely counts on Windows 10 to pay the bills. With CEO Satya Nadella at the helm, it's also betting heavily on cloud services, and just revealed an interesting new one: Bitcoin-style encryption. Redmond joined forces with startup ConsenSys on a platform called Ethereum to help business to play around with the blockchain tech used in crypto-currency. The move is well-timed, as banks are starting to get seriously interested in BItcoin-style currency. However, Microsoft said that Bitcoin applications are "just scratching the surface of what can be done when you mix cryptographic security [with the] reliability of blockchain."

The tech can also be used to secure and verify the exchange of any data, which will make it useful to other industries. Via simple templates, companies can create blockchain-based "smart contracts," for instance. However, the main attraction of the tech is still Bitcoin-style money, something that still befuddles financial institutions. Microsoft's tech would let use peer-to-peer networks and "consensus-formation algorithm" to secure the Ethereum-based currency, just like Bitcoin. However they could create their own, far more secure currency than Bitcoin in just 20 minutes and update the value every 15 seconds -- 40 times faster than Bitcoin.

http://www.engadget.com/2015/11/11/microsoft-bitcoin-currency-banks/


edit:  The article says Microsoft is the source of this info, but I think the "20 minute currency, more secure than bitcoin" comment is the author's snide remark.  Who knows??

Hmm, maybe they are saying they can build a currency on Etherium in 20 minutes. Which should be possible, I don't know if it makes sense since everything you would do with that currency would then cost you ether, granted not much but it's still a cost. However, I don't know what it means when they say "update the value".

The writer's representation is quite misleading. There is nothing to get excited about. Microsoft is not creating a digital currency or helping the banks to build one. Creating a new currency in 20 minutes, 5 minutes or over a weekend and make the transaction confirmation faster than Bitcoin is not an issue of any significance. Building a trusted brand with lasting fundamental value that will eventually lead to mass acceptance as a medium of exchange is the biggest challenge of all that none other that DNotes is willing to undertake. This is what we are committed to do and we are continuing to build the building blocks and deploy them one at a time.

[Dyna]

"Whatever I can do to help on Cryptopia, just let me know."

[Warning: Mark is the beginner-est crypto trader on the planet, but he has competent partners.]

One of two things happens when a new pair goes up.

The first is that enough 'outsiders' buy and sell at the initially too-high and too-low prices to bring the buy-sell split in line with that cryptos' other exchanges. At that point, that crypto is 'primed' on that exchange (and those community members who sold and bought at those too-high and too-low prices make a penny out of newcomers to the coin -- ahh! an insight into the moralities of coin communities!)

[E.g.: at this second, NOTE is 2797-2661 on Poloniex, but 2900-2211 on Cryptopia.]

The second is that committed members of the community pile in on the new exchange, and buy and sell themselves at those too-high and too-low* prices, thus closing the gap.

[Tee hee] I've been watching and waiting; but [sigh] okay, I'll go this second, and start 'packing the gap.'

Mark (IndiaMikeZulu), Australia

*The 'too-low-ness' depends on whether you have available at this second Dnotes that you paid less than 2900 for.

Thanks, for helping out, Mark. We appreciate that very much. I wish I have more time to post but I am committed to get my book completed by the end of the year. It is written to be of significant help for small business owners, including women small business owners and their employees. We will gear up to start working with many different groups beginning early next year.

[Dyna]

No one can say with certainty why the price of Bitcoin shot up to $500 and fell back to $300 almost as quickly. Personally, I believe that it is mainly due to the Russian/Chinese pyramid scheme, MMM, Bobby Lee of BTC China warned about on Oct 18-2015:  BTCC CEO Bobby Lee Warns Bitcoin Investors about MMM Ponzi Scheme - http://cointelegraph.com/news/115425/btcc-ceo-bobby-lee-warns-bitcoin-investors-about-mmm-ponzi-scheme

This is very damaging to the entire industry and will slow down mass acceptance of digital currency as a medium of exchange. The endless parade of get rich schemes is quite troubling. It makes it significantly more difficult for other coins to maintain stability as reflected in CoinMarket Cap. This is a short term setback and should not come as a surprise.

We recognize this as the biggest hurdle to overcome before DNotes can be viable as a medium of exchange, and elected not to push it until we are better positioned to do so. Hence, we have been investing in building our own ecosystem which we believe is instrumental to our long term success. Our strategic plans and execution are proving us to be correct at every turn. Our phrase II plan that includes the launching of a for-profit company will paint a much clearer picture.

I am a big fan of Brian Armstrong and Coinbase. I will be just as happy if his wish for Bitcoin would come true but I am of the opinion that because of the uncontrollable and highly speculative nature of Bitcoin, mass acceptance of Bitcoin continues to remain remote.

“{Brian Armstrong—the CEO of Coinbase “ultimate aim is to turn bitcoin into something that anyone can use to more easily store, send, and receive money. “We want the world to have an open payment network,” an Internet for money ….

He very much believes that alternative uses for the blockchain are just a stepping stone to the adoption of bitcoin as a currency.”

ReadMore:

“EVERYONE SAYS BITCOIN IS BACK. BUT IT NEVER REALLY LEFT”

http://HTTP://WWW.WIRED.COM/2015/11/BITCOIN-IS-BACK-BUT-IT-NEVER-REALLY-LEFT/

[DNotes]

Here is another great article from Chris.

http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/

[grandmama]

I didn't want to post the entire article, but it's worth a read. Pretty incredible.

JPMorgan's 2014 Hack Tied to Largest Cyber Breach Ever

The U.S. described a vast, multi-year criminal enterprise centering on hacks of at least nine big financial and publishing firms and the theft of information on 100 million of their customers that fueled a web of stock manipulation, credit-card fraud and illegal online casinos.

Two indictments, unsealed Tuesday, tied three of four suspects to previously reported hacks of JPMorgan Chase & Co., E*Trade Financial Corp., Scottrade Financial Services Inc. and Dow Jones & Co., a unit of News Corp.

Hackers and conspirators in more than a dozen countries generated hundreds of millions of dollars in illicit proceeds on pump-and-dump stock schemes and particularly lucrative online gambling, prosecutors said.

From 2012 to mid-2015, the suspects and their co-conspirators successfully manipulated dozens of publicly traded stocks, sent misleading pitches to clients of banks and brokerages whose e-mail addresses they’d stolen, and profited by using trading accounts set up under fake names, prosecutors said.

[...]

http://www.bloomberg.com/news/articles/2015-11-10/hackers-accused-by-u-s-of-targeting-top-banks-mutual-funds

"The co-conspirators deceived financial institutions into processing and authorizing payments..."

“They colluded with corrupt international bank officials who willfully ignored its criminal nature in order to profit..."


All this makes me wonder how many corrupt individuals are working inside these "victim" banks.

And once again how is it no one was held accountable for these obvious criminal actions? This is why elderly people tend to want to place their money under the matress as they have seen a run on the banks before or were children sitting in the room listening to mom and dad talk about how they were going to make it financially and have little trust in financial institutions.

[Dyna]

Here is another great article from Chris.

http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/

Bad ideas are not uncommon, yet projects based on bad ideas are launched all the time, often with very costly results. MintChip was an interesting but still a bad idea. At least the Canadian government recognized it early enough and humble enough to give it up. Scotland will not be the last nation tempted to create their own digital currency. It is a very tempting concept for politicians to create money at the push of a button. Personally, I believe that the associated risk for any single nation to create their own digital currency is so high, taking it seriously should be construe as irresponsible. Any significant mishap could cause its citizens to lose their life savings.

Whether it is Bitcoin, DNotes, or another digital currency, being a decentralized digital currency not owned by a single nation or entity is the commanding characteristic that makes it potentially superior to fiat currency. Being a global, instead of a localized currency, makes a world of difference in spreading its value and risk, avoiding the possibility of a catastrophic collapse.

We, at DNotes, strongly believe that the best solution is to create a privately held company with sufficient self-interest to promote and protect the best interest of DNotes as a trusted global decentralized currency for everyone worldwide to participate. DNotes will own up to 25% of this company. This is our mission and we are passionately committed to DNotes to be worthy as a supplement to any national or fiat currency.

Chris did an excellent job. A must read for everyone:

“But while MintChip had many positive attributes, it rather missed the point of true cryptocurrencies. First, value was injected into the system, and controlled by, the Royal Canadian Mint at all stages. This value was not inherent to the cryptocurrency, but was subject to the fluctuations and exchange controls of the Canadian Dollar. MintChip’s utility was therefore limited to being a digital medium of exchange for use within Canada’s borders. True digital currencies, however, represent a store of value and medium of exchange that is independent of the prohibitive transaction costs and the many issues associated with exchange rates. Thus, true cryptocurrencies go a long way to circumventing the barriers presented by national borders, globalizing small-scale transactions and representing an opportunity to make international trade cheaper, easier and more democratic. Without these global advantages, MintChip could only offer a small sample of the advantages associated with Bitcoin, DNotes and other cryptocurrencies.”

Read More:
http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/

[DNotes]

This article is a bit older, but a very interesting read on what it could take push bitcoin into the mainstream. "Here's the X-factor That Could Launch a Bitcoin Boom" It's a great idea and worth giving it some thought. http://fortune.com/2015/11/04/bitcoin-boom-hero-app/

Enthusiasm for the technology behind the cryptocurrency is rising. What does it need to go mainstream? A ‘hero app’

Brian Forde admits that bitcoin isn’t a no-brainer.

Right now it’s hard for most people to grasp the vast potential in the technology behind it, allows the director of digital currency at the MIT Media Lab. “Having this cryptocurrency is kind of a weird idea,” said Forde, who was previously a senior advisor for technology at the White House. “It’s hard to explain.”

But he believes the technology could quickly break into the mainstream with one development: a “hero app.”

Someone needs to create “that killer app that all of you are dying to download,” said Forde, just like Uber very quickly made the idea of what Forde called “digital hitchhiking” mainstream.

[Faradey100]

Why Darknote cant hit 1 dollar per note?

[DNotes]

Why Darknote cant hit 1 dollar per note?

Hi Faradey100, you may have found the wrong thread. This one is for DNotes.

[Bergman]

Here is another great article from Chris.

http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/

Bad ideas are not uncommon, yet projects based on bad ideas are launched all the time, often with very costly results. MintChip was an interesting but still a bad idea. At least the Canadian government recognized it early enough and humble enough to give it up. Scotland will not be the last nation tempted to create their own digital currency. It is a very tempting concept for politicians to create money at the push of a button. Personally, I believe that the associated risk for any single nation to create their own digital currency is so high, taking it seriously should be construe as irresponsible. Any significant mishap could cause its citizens to lose their life savings.

Whether it is Bitcoin, DNotes, or another digital currency, being a decentralized digital currency not owned by a single nation or entity is the commanding characteristic that makes it potentially superior to fiat currency. Being a global, instead of a localized currency, makes a world of difference in spreading its value and risk, avoiding the possibility of a catastrophic collapse.

We, at DNotes, strongly believe that the best solution is to create a privately held company with sufficient self-interest to promote and protect the best interest of DNotes as a trusted global decentralized currency for everyone worldwide to participate. DNotes will own up to 25% of this company. This is our mission and we are passionately committed to DNotes to be worthy as a supplement to any national or fiat currency.

Chris did an excellent job. A must read for everyone:

“But while MintChip had many positive attributes, it rather missed the point of true cryptocurrencies. First, value was injected into the system, and controlled by, the Royal Canadian Mint at all stages. This value was not inherent to the cryptocurrency, but was subject to the fluctuations and exchange controls of the Canadian Dollar. MintChip’s utility was therefore limited to being a digital medium of exchange for use within Canada’s borders. True digital currencies, however, represent a store of value and medium of exchange that is independent of the prohibitive transaction costs and the many issues associated with exchange rates. Thus, true cryptocurrencies go a long way to circumventing the barriers presented by national borders, globalizing small-scale transactions and representing an opportunity to make international trade cheaper, easier and more democratic. Without these global advantages, MintChip could only offer a small sample of the advantages associated with Bitcoin, DNotes and other cryptocurrencies.”

Read More:
http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/

Enjoyed the article and follow up. The idea of having another government controlled or centralized currency seems a bit redundant. Whereas a decentralized crypto can help insulate local economies from disaster. DNotes absolutely has the right idea, supported but not controlled.

[Chase]

"Children and Cryptocurrency: Why They Need to Learn Now" - http://dcebrief.com/children-and-cryptocurrency-why-they-need-to-learn-now/


"Missing the Point: Mintchip, Scotland and the Spectre of Government-Issued Cryptocurrencies"  - http://dcebrief.com/missing-the-point-mintchip-scotland-and-the-spectre-of-government-issued-cryptocurrencies/


Fantastic articles Nick and Chris!

It amazes me how quickly young children can become proficient at technology.  It may be a good idea for governments around the world to hire some 5 year olds to help them with the concepts of cryptocurrency. 

[IMZ]

"It may be a good idea for governments around the world to hire some 5 year olds to help them with the concepts of cryptocurrency."

For my part, Chase, I think it would be a good idea for governments around the world to surrender control of the entire global economy to 'some 5 year olds.' I'll bet on Tots at The Top against Draghi and the Fed Reserve any day!