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

[Chase]

Brandon's article was republished on the popular fire rescue site FireRecue1.com. Excellent job Brandon!

http://www.firerescue1.com/fire-products/technology/articles/58575018-How-fire-departments-can-use-Bitcoin-technology/

Wow, that is a great outlet to get some coverage! It's probably the fire service's equivalent of mainstream media!

[Dyna]

Brandon's article was republished on the popular fire rescue site FireRecue1.com. Excellent job Brandon!

http://www.firerescue1.com/fire-products/technology/articles/58575018-How-fire-departments-can-use-Bitcoin-technology/

Wow, that is a great outlet to some coverage! It's probably the fire service's equivalent of mainstream media!

Excellent job, Brandon. Impressive!

[CryptoBroker79]

Brandon's article was republished on the popular fire rescue site FireRecue1.com. Excellent job Brandon!

http://www.firerescue1.com/fire-products/technology/articles/58575018-How-fire-departments-can-use-Bitcoin-technology/

Wow, that is a great outlet to some coverage! It's probably the fire service's equivalent of mainstream media!

Excellent job, Brandon. Impressive!

Thanks, I'm really glad they ran the article. One of my top priorities is helping firefighters. This article will bring much needed attention to the potential uses of blockchain, instead of sensationalized negetive news which mainstream media typically pushes.

[DNotes]

This will be interesting to follow, US Bankruptcy Court Set to Weigh in on Bitcoin's Currency Status

A California bankruptcy court is set to weigh in on whether bitcoin should be considered a currency.

The hearing, set for 19th February, follows months of legal wrangling between the trustee of bankrupt bitcoin mining firm HashFast and Marc Lowe, a former promoter for the service who operated under the handle 'cyberdoc'.

Trustee Michael Kasolas filed suit against Lowe in February of last year, seeking to recoup 3,000 bitcoins that had been paid by HashFast to Lowe for promoting the service, including a series of posts on the Bitcoin Talk forum.

The trustees alleged that Lowe was an insider who received preferential treatment from the firm, including the awarding of a refund while other customers were awaiting theirs, prior to HashFast’s bankruptcy.

Commodity or currency?

In a 22nd January filing, the trustees asked for a summary judgment requiring that Lowe return the 3,000 bitcoins, as well as – perhaps more importantly – a determination that bitcoin is a commodity rather than a currency.

By doing so, the court would essentially require that Lowe pay back the 3,000 BTC at today’s rate rather than the value, in dollar terms, when he received it in September 2013.

The filing states:

“Accordingly, the Court should grant the Motion and enter an order directing that if the subject transfers are avoided, the estate’s recovery shall be either the 3,000 bitcoin themselves or the value of those bitcoin at the transfer date or time of recovery, whichever is greater. This result is consistent with both established Ninth Circuit law and section 550(a)’s purpose of restoring the estate to the financial condition it would have enjoyed had the transfers not occurred.”

Predictably, Lowe pushed back, seeking the opposite ruling in a 5th February court filing. The heart of his argument was that, during the time he was promoting HashFast’s products, the company was treating bitcoin as a type of currency.

“The bitcoin Dr. Lowe received from HashFast should be treated as currency, not a commodity,” the filing states. “That was how HashFast intended bitcoin to be treated at the time it sent the bitcoin to Dr. Lowe, and that is how federal agencies, merchants, courts, the Debtor, and the Trustee himself have treated bitcoin. The Court should not grant the Trustee the undeserved windfall he is seeking.”

[IMZ]

Woo hoo! Alt-cap-to-Btc cap has snuck over 14%.

[DNotes]

Woo hoo! Alt-cap-to-Btc cap has snuck over 14%.

Moving up slowly, even though the bitcoin price remains somewhat steady, pretty interesting.

[IMZ]

Once upon a time, in a crypto galaxy far far away . . .

Mark and Ian used the term ‘bell jar,’ meaning that there were ‘X’ dollars in the cryptosphere, and when Bitcoin’s price rose, the price of altcoins dropped. and vice versa, with hydraulic precision.

The Big Spike put us ‘post-bell-jar,’ meaning that the hydraulic-ness remained a core reality, but weaker.

During this period, the much-increased ease of buying and using cryptos kept weakening the altcoins-are-beholden-to-Bitcoin thang.

And the beginning of connections to non-English-speaking tech communities we watched with bated breath. We were also moving beyond the ‘English-speaking bell-jar'!

But the 2.0s were a qualitative shift: attracting different types of investors, and therefore drawing capital from a new pot.

[And Cryptsy’s collapse will rid us of much dead wood.]

And Mr Doomerngloom muttered unceasingly about How It’s Ultimately Gonna Be All about GFC.

Which brings us to now:

we are witnessing the collective realization of these shifts: the citizens of China and other nations buying in, and doing so in some cases because their national currencies are tanking (GFC!). Waves of corporate acceptance is bringing cachet to the technology. A 2.0 is this second finally showing that 2.0s can create a parallel crypto-arena.

Conclusion: we are now well well well into post-bell-jar. Capital is sloshing in from various sources at various moments for various reasons.

Special Conclusion for Dnotes:

there will soon enough likely be billions and billions more of capital ‘sloshing’ about. It will sting to see some of it go straight to, for example, some of the 2.0s, or perhaps some new ‘country coins’ (Government or 'free'); but lots and lots of folks will be in the market for a simpler, better-managed, more transparent post-fiat instrument of exchange, certainly as you seem to be the only clan on the planet that has figured out ‘Merchant goood!’. Dnotes future is bright.

[Dyna]

Once upon a time, in a crypto galaxy far far away . . .

Mark and Ian used the term ‘bell jar,’ meaning that there were ‘X’ dollars in the cryptosphere, and when Bitcoin’s price rose, the price of altcoins dropped. and vice versa, with hydraulic precision.

The Big Spike put us ‘post-bell-jar,’ meaning that the hydraulic-ness remained a core reality, but weaker.

During this period, the much-increased ease of buying and using cryptos kept weakening the altcoins-are-beholden-to-Bitcoin thang.

And the beginning of connections to non-English-speaking tech communities we watched with bated breath. We were also moving beyond the ‘English-speaking bell-jar'!

But the 2.0s were a qualitative shift: attracting different types of investors, and therefore drawing capital from a new pot.

[And Cryptsy’s collapse will rid us of much dead wood.]

And Mr Doomerngloom muttered unceasingly about How It’s Ultimately Gonna Be All about GFC.

Which brings us to now:

we are witnessing the collective realization of these shifts: the citizens of China and other nations buying in, and doing so in some cases because their national currencies are tanking (GFC!). Waves of corporate acceptance is bringing cachet to the technology. A 2.0 is this second finally showing that 2.0s can create a parallel crypto-arena.

Conclusion: we are now well well well into post-bell-jar. Capital is sloshing in from various sources at various moments for various reasons.

Special Conclusion for Dnotes:

there will soon enough likely be billions and billions more of capital ‘sloshing’ about. It will sting to see some of it go straight to, for example, some of the 2.0s, or perhaps some new ‘country coins’ (Government or 'free'); but lots and lots of folks will be in the market for a simpler, better-managed, more transparent post-fiat instrument of exchange, certainly as you seem to be the only clan on the planet that has figured out ‘Merchant goood!’. Dnotes future is bright.

Mark, thank you very much for your support, confidence and encouragement in what we have in store for DNotes. To share your sentiments, our very long term vision can relate to a point in "time, in a crypto galaxy far far away" Closer to home we are very committed to shorter term vision of 5 and 10 years. As a reminder, DNotes 2nd birthday is a week from tomorrow, Thursday February 18.

I am planning to share a little more of 5 and 10 year vision for DNotes next week. Indeed, we want DNotes to be a simpler and more efficient form of money, giving common people a choice to supplement their fiat currency. With transparency and trust, over the long term, people always make the best choice.  That is the true spirit of the free world we support and promote.

[DNotes]

http://dcebrief.com/treasure-island-the-isle-of-man-digital-currencies-and-the-search-for-a-golden-investment/

[DNotes]

This is an interesting article. Have We Reached Peak Blockchain Hype?

But in the general positive hubbub of late, there have been a small but growing number of sceptical voices calling out the burgeoning blockchain space and the media for over-hyping the potential of distributed ledger technology.

By doing so, they warn that banks could be falling into the same pattern of overpromising and underdelivering that seems to have stalled digital currency efforts.

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

This got me to thinking about what will come next. Now everyone believes blockchain is amazing, right? It can have some great applications, but I still believe the most amazing application is digital currency. After all, blockchain was specifically created for digital currency. If interest in blockchain wanes, what will be the next 'blockchain'?

[Dyna]

This is an interesting article. Have We Reached Peak Blockchain Hype?

But in the general positive hubbub of late, there have been a small but growing number of sceptical voices calling out the burgeoning blockchain space and the media for over-hyping the potential of distributed ledger technology.

By doing so, they warn that banks could be falling into the same pattern of overpromising and underdelivering that seems to have stalled digital currency efforts.

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

This got me to thinking about what will come next. Now everyone believes blockchain is amazing, right? It can have some great applications, but I still believe the most amazing application is digital currency. After all, blockchain was specifically created for digital currency. If interest in blockchain wanes, what will be the next 'blockchain'?

Do we ever learn that:

"New technologies go through a hype cycle," they write. "The challenge near the beginning of that cycle is to identify the uses and applications that will stand the test of time. Like most new technologies, blockchains could cause significant damage if used indiscriminately."

It is so typical of "love / hate" relationships. It is so easy to go to the extreme end of either spectrum. We are grounded on our love for what DNotes, blockchain - the under-pinning technology that powers our currency can do. With trust, transparency and relentless devotion we can build value and purpose for the benefits of mankind. The blockchain is built to serve the digital currency; the transfer and audit trail of any digital asset with verifiable time-stamped public records, without the oversight of any central authority. If we can just focus and perfect those functions and be superior in functions to fiat currency, DNotes will be worth a lot. When that happens, we may be in the position to re-direct some of the "hype". This could end up to be a full circle endeavor.

[RJF19]

Some scam artist is trying to sell two (2) DNotes on ebay for $440.00 USD:

http://www.ebay.com/itm/322000515484?euid=d440ff389ee149e3a8e833cab53fc06f&cp=1

[DNotes]

Some scam artist is trying to sell two (2) DNotes on ebay for $440.00 USD:

http://www.ebay.com/itm/322000515484?euid=d440ff389ee149e3a8e833cab53fc06f&cp=1

Did eBay start allowing you to sell digital currency on there now? I think for a while it wasn't permitted, and you could only list them in the classifieds.

[Bergman]

Some scam artist is trying to sell two (2) DNotes on ebay for $440.00 USD:

http://www.ebay.com/itm/322000515484?euid=d440ff389ee149e3a8e833cab53fc06f&cp=1

Did eBay start allowing you to sell digital currency on there now? I think for a while it wasn't permitted, and you could only list them in the classifieds.

He's a tad ahead of his time for that price. They don't allow it but people do anyway.

[Chase]

http://dcebrief.com/treasure-island-the-isle-of-man-digital-currencies-and-the-search-for-a-golden-investment/

Great story Chris!

Government officials should pay attention to how the Isle of Man is starting to benefit from well timed and non-burdensome regulation.


But while the ‘light touch’ nature of the regulatory regime adopted by the IoM Government’s regulatory measures should be applauded Finding the ‘Goldilocks Zone’, what sets the Manx approach apart from other regulatory regimes is the speed and decisiveness with which the issue was tackled. Rule one on day one at the School of Economic Regulation would surely be that ‘uncertainty kills growth and stifles investment’. When regulators hesitate, investors hold back until such a time as the regulatory landscape becomes clear, for fear that investment would have to be withdrawn should the government adopt an unfavourable stance once they reach a decision.

The Isle of Man killed this fear within weeks, clarifying the government position, allowing investors to approach the issue with confidence, and causing digital currency business to flourish.

[Chase]

Here is some very bad (in hindsight) investment advice I hope you didn't listen to:


Goldman Sachs Abandons 5 of 6 'Top Trade' Calls for '16

"Goldman Sachs to clients: whoops. Just six weeks into 2016, the New York-based bank has abandoned five of six recommended top trades for the year."

http://www.thinkadvisor.com/2016/02/10/goldman-sachs-abandons-5-of-6-top-trade-calls-for#.

[DNotes]

http://dcebrief.com/treasure-island-the-isle-of-man-digital-currencies-and-the-search-for-a-golden-investment/

Great story Chris!

Government officials should pay attention to how the Isle of Man is starting to benefit from well timed and non-burdensome regulation.


But while the ‘light touch’ nature of the regulatory regime adopted by the IoM Government’s regulatory measures should be applauded Finding the ‘Goldilocks Zone’, what sets the Manx approach apart from other regulatory regimes is the speed and decisiveness with which the issue was tackled. Rule one on day one at the School of Economic Regulation would surely be that ‘uncertainty kills growth and stifles investment’. When regulators hesitate, investors hold back until such a time as the regulatory landscape becomes clear, for fear that investment would have to be withdrawn should the government adopt an unfavourable stance once they reach a decision.

The Isle of Man killed this fear within weeks, clarifying the government position, allowing investors to approach the issue with confidence, and causing digital currency business to flourish.

They definitely got some things correct and Chris highlighted them very well. Treating it just like money without additional burden should be an easy call. 

[DNotes]

http://dcebrief.com/will-easier-cross-border-transactions-help-foster-global-trade/

[DNotes]

Excellent concept Nick, if have a global supplemental currency that everyone uses, as we envision DNotes to become, it very well could help foster global trade and might eliminate the need for conversion.

[DNotes]

As you may know, Chris will be speaking for us at the CoinFest UK event. Here is the rough draft summary of what he will be covering there:

Those of us within the cryptocurrency community hardly need to be reminded of the benefits, both economic and social, which digital money can bring both to the UK and the global economy. But the assurance of us ‘in the know’ is mirrored by confusion, concern and a lack of confidence among the general public. Prudence and caution are not words commonly associated with the dramatic and rapid rise of cryptocurrencies, but the model of DNotes, a new, open-source digital currency built around social responsibility and global outreach, demonstrates an alternative path, striking a balance between a reliable cryptocurrency geared towards promoting public confidence, and striking, innovative use of blockchain technology. Cryptocurrencies are the future; the time has come to consider their legacy.