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

[DNotes]

Interesting coin...
I will buy some of #DNote coin...

Welcome to the DNotes thread yubsep! Just let us know if we can help or if you have any questions. We have a very friendly and helpful community.

[Dyna]

http://dcebrief.com/cryptocurrency-is-the-perfect-playground-for-kids-to-learn-about-investing/

Chase, that is an outstanding article with some very practical advice.  I am frankly surprised that high school students’ financial literacy is only 18%. Perhaps DNotes can help play a role in the future to help change that. CRISP for Children and CRISP for Students are indeed designed for the purpose. Our next step is to start generation revenue to fund worthy projects and that is partly what the book is about.

Thanks Alan. It is hard to believe that someone can graduate from high school with straight A's and still be financially illiterate.

I think I may have been one of those unfortunate souls. Straight A's (or close). Little to no financial literacy. I've sure learned a lot since then.

Dyna, glad to hear (from another post) that you will be incorporating in the US. Sounds like a wise decision.

I can confirm that the incorporation of the new company is in process. Below is a direct quote from the book "The Four Pillars of Business Success" Chapter 15 - DNotes Story -

"9. Integrated Private Company

Although DNotes is managed as a business, it is not controlled like one. Being a decentralized autonomous organization, the DNotes currency is owned by its entire group of stakeholders on an “at will” basis. Any stakeholder can change ownership at will without notice. We have taken this ownership structure one step further by owing up to a 25% stake of the equity in the privately held for-profit company, DNotes Global, Inc., incorporated in the State of Delaware, USA. By extension, all of DNotes stakeholders have an ownership stake in DNotes Global, Inc.

This company does not control the currency itself. However, among others plans, the company will help to develop and fund our growing ecosystem and projects that are going to be essential in taking DNotes to the next level; to become the dominant digital currency leading to mass global acceptance. Extending company equity to currency holders is expected to provide significant fundamental and intrinsic value to the currency as the company expands.

Leaderless organizations can be a big hurdle to ongoing development. This has been witnessed in Bitcoin’s community in solving the maximum number of transactions its network can handle simultaneously. We see the potential of chaos and impotence as an inherent weakness of decentralized systems that forego leadership. This risk can be minimized with the presence of a group of developing stakeholders who have sufficient self-interest to help protect and promote the organization.

Digital currency and the blockchain are the best opportunity in a generation to invest in the future from the ground floor. The next several years will be pivotal to DNotes’ rise to preeminence in the financial technology industry. Upon release of this book, Alan and the team will switch into the next phase from planning to execution of technology development. The last two and a half years have been spent carefully analyzing market and consumer behavior, working on our value proposition, building critical infrastructures, and waiting to spring forward at the most opportune moment. We are confident that we will dominate the industry swiftly when we are ready. This book serves to throw the gauntlet in our self-imposed challenge.


Arnold H. Glasow probably said it best when he said “Success is simple. Do what’s right, the right way, at the right time.” DNotes is focused on exploiting its competitive advantages at the most opportune time."

[IMZ]

Interesting coin...
I will buy some of #DNote coin...

Welcome, Yubsep. No kidding, this community is different. Think about trading on one of our exchanges!

Mark

[DNotes]

http://dcebrief.com/can-bitcoin-be-an-asset-protection-vehicle/

[kanus1113]

http://dcebrief.com/cryptocurrency-is-the-perfect-playground-for-kids-to-learn-about-investing/

This is a great article Chase, cryptocurrency is the perfect learning tool for kids and parents can feel safe giving it to them.

[kanus1113]

More on OpenBazaar:

Introducing OB1

JUN 11, 2015

We have said many times that we believe in emergent, decentralized, start-up innovation. Institutions public and private, no matter how well intentioned, tend to protect their institutional interests, whether is it a current revenue stream, or a position of market power. That makes them inherently conservative. Start-ups and the entrepreneurs who create them are almost always outsiders. They depend entirely on innovation for success. So we are sensitive to market power and constantly on the look out for innovations that unlock markets by creating value for consumers and changing the structure of markets.

We bet on networks like Twitter and Tumblr because they efficiently connected creators and consumers challenging the incumbent bureaucratic hierarchies in the media industry. But those networks also concentrate market power through network effects and as they grow, they tend to consolidate control over their creators and consumers in an effort to extract more economic value. This is capitalism’s creative destruction at work. We celebrate it, but we also look for opportunities to continue the process with new models, that are even more efficient.

That interest in what’s next has led us to look closely at protocols that further flatten hierarchies and decentralize control. We are pleased to announce, today, our investment in OB1.

OB1 is a company formed to further the development of OpenBazaar, an open source project that is refining a protocol that will enable anyone, anywhere to sell products and services to anyone, anywhere in a fully decentralized marketplace. Because the marketplace is defined by a protocol and distributed across every participant’s server, the hosting costs are shared and there is no way for a central authority to leverage network effect market power to extract rents from the participants.

This begs the question of how OB1 can be a for profit business that will generate a return on the investment we are announcing today. How can a business that is consciously architected to undo network effect defensibility, one that is tearing down the walls and filling in the moats that every paper on market based competition has insisted are necessary for success… succeed. To paraphrase the old EF Hutton ad (yes I am dating myself), they intend to make money the old fashioned way: they intend to earn it.

OB1 will offer a set of value added services to buyers and sellers on the OpenBazaar market. They expect others to provide services to the participants on OpenBazaar, and they don’t expect to have any proprietary advantage over those competitors. As investors, we hope that their familiarity with the marketplace and the goodwill they generate as early sponsors of the open source project will give them an advantage but we understand they must execute very well or be left behind.

A close observer might say that the recent experience with decentralization is that it often leads to an unanticipated re-aggregation that creates extraordinary market power and financial returns. This is certainly the story of the TCP/IP and HTTP protocols that are the foundation of the Internet. Those protocols radically decentralized the creation and distribution of media and fundamentally changed the structure of the media industry. But the challenge in this newly decentralized world was discovery. When media was defined by distribution, the newspaper, radio station or cable franchise decided what was available to you. In a world where anything was available, the hard problem was finding what you want. The answer was search. And Google, whether they fully understood it or not, stepped in to meet that need and reaggregated human attention is a way that created an enormous amount of market value.

A cynic might then say that OB1, is consciously architected to create this same reaggregation opportunity in commerce. I can say with some conviction, having talked about this for hours with the founders of OB1 that this is not their plan. But I also have to say that none of us understand exactly how discovery will work in a fully decentralized marketplace and how to prevent discovery from becoming a source of market power in the decentralized world we envision. We hope by calling it out here, you will keep us honest and help us imagine a new model for discovery that won’t subvert the goal of empowering buyers and sellers to trade freely and to capture the value they create.

Finally, we can’t end this post without addressing the potential dark side of decentralized markets. Decentralization empowers individual participants in the network or marketplace. Some may use the protocol in ways that others consider immoral or that are illegal in some jurisdictions. That should, however, not prevent us from creating an open protocol. TCP/IP and HTTP, for instance, allow content to be shared between any two people who have access to the Internet. Some of that content is morally reprehensible to many if not most people. Some of that content is illegal.

Still overall, most would argue that society is better off because the Internet has enabled everyone to connect and communicate. The Internet could have been designed to centralize control, but then it would not have enabled the permissionless innovation that led to so many of the services we now use every day. The OpenBazaar protocol makes the same conscious design choice. It is inherently decentralized. It favors innovation over control, so it is possible that the openness of the protocol could lead to use cases that some or most of us would disagree with. But as with TCP/IP and HTTP, we believe the creative and legitimate use cases will quickly dominate the marketplace.

OB1 will, of course, not knowingly offer its value added services to anyone using the OpenBazaar protocol to engage in illegal activities. The trickier question is how OB1 supports the development of an open protocol, one that they do not control, without encouraging, or endorsing, or even facilitating the misuse of that protocol. This calculus is further complicated by the fact that many current contributors to the open source project may be motivated by a mistrust of political or economic power. We do not have an easy answer. It would be disingenuous for us to say the OB1 team has no influence over the open source project.

They are respected code contributors. They are likely to encourage the development of the protocol through their own work and will now be in a position to offer bounties to encourage the development of specific features. But we can’t think of any design principle we could encourage, that would eliminate the possibility of misuse, without undermining the value inherent in a free and open marketplace, so the best we can do is aggressively advocate for the responsible use of the OpenBazaar protocol, be open and transparent ourselves, and be an example for others.

USV and our syndicate partners at A16Z are committed to responsibly furthering the OpenBazaar protocol. We are excited to be working with the team at OB1 who we know shares our values and that commitment.

Source: https://www.usv.com/blog/introducing-ob1

One of the biggest issues in discovery will be spam and scams, especially in a open marketplace. Exciting project though, I will be keeping an eye on it.

[Dyna]

More on OpenBazaar:

Introducing OB1

JUN 11, 2015

We have said many times that we believe in emergent, decentralized, start-up innovation. Institutions public and private, no matter how well intentioned, tend to protect their institutional interests, whether is it a current revenue stream, or a position of market power. That makes them inherently conservative. Start-ups and the entrepreneurs who create them are almost always outsiders. They depend entirely on innovation for success. So we are sensitive to market power and constantly on the look out for innovations that unlock markets by creating value for consumers and changing the structure of markets.

We bet on networks like Twitter and Tumblr because they efficiently connected creators and consumers challenging the incumbent bureaucratic hierarchies in the media industry. But those networks also concentrate market power through network effects and as they grow, they tend to consolidate control over their creators and consumers in an effort to extract more economic value. This is capitalism’s creative destruction at work. We celebrate it, but we also look for opportunities to continue the process with new models, that are even more efficient.

That interest in what’s next has led us to look closely at protocols that further flatten hierarchies and decentralize control. We are pleased to announce, today, our investment in OB1.

OB1 is a company formed to further the development of OpenBazaar, an open source project that is refining a protocol that will enable anyone, anywhere to sell products and services to anyone, anywhere in a fully decentralized marketplace. Because the marketplace is defined by a protocol and distributed across every participant’s server, the hosting costs are shared and there is no way for a central authority to leverage network effect market power to extract rents from the participants.

This begs the question of how OB1 can be a for profit business that will generate a return on the investment we are announcing today. How can a business that is consciously architected to undo network effect defensibility, one that is tearing down the walls and filling in the moats that every paper on market based competition has insisted are necessary for success… succeed. To paraphrase the old EF Hutton ad (yes I am dating myself), they intend to make money the old fashioned way: they intend to earn it.

OB1 will offer a set of value added services to buyers and sellers on the OpenBazaar market. They expect others to provide services to the participants on OpenBazaar, and they don’t expect to have any proprietary advantage over those competitors. As investors, we hope that their familiarity with the marketplace and the goodwill they generate as early sponsors of the open source project will give them an advantage but we understand they must execute very well or be left behind.

A close observer might say that the recent experience with decentralization is that it often leads to an unanticipated re-aggregation that creates extraordinary market power and financial returns. This is certainly the story of the TCP/IP and HTTP protocols that are the foundation of the Internet. Those protocols radically decentralized the creation and distribution of media and fundamentally changed the structure of the media industry. But the challenge in this newly decentralized world was discovery. When media was defined by distribution, the newspaper, radio station or cable franchise decided what was available to you. In a world where anything was available, the hard problem was finding what you want. The answer was search. And Google, whether they fully understood it or not, stepped in to meet that need and reaggregated human attention is a way that created an enormous amount of market value.

A cynic might then say that OB1, is consciously architected to create this same reaggregation opportunity in commerce. I can say with some conviction, having talked about this for hours with the founders of OB1 that this is not their plan. But I also have to say that none of us understand exactly how discovery will work in a fully decentralized marketplace and how to prevent discovery from becoming a source of market power in the decentralized world we envision. We hope by calling it out here, you will keep us honest and help us imagine a new model for discovery that won’t subvert the goal of empowering buyers and sellers to trade freely and to capture the value they create.

Finally, we can’t end this post without addressing the potential dark side of decentralized markets. Decentralization empowers individual participants in the network or marketplace. Some may use the protocol in ways that others consider immoral or that are illegal in some jurisdictions. That should, however, not prevent us from creating an open protocol. TCP/IP and HTTP, for instance, allow content to be shared between any two people who have access to the Internet. Some of that content is morally reprehensible to many if not most people. Some of that content is illegal.

Still overall, most would argue that society is better off because the Internet has enabled everyone to connect and communicate. The Internet could have been designed to centralize control, but then it would not have enabled the permissionless innovation that led to so many of the services we now use every day. The OpenBazaar protocol makes the same conscious design choice. It is inherently decentralized. It favors innovation over control, so it is possible that the openness of the protocol could lead to use cases that some or most of us would disagree with. But as with TCP/IP and HTTP, we believe the creative and legitimate use cases will quickly dominate the marketplace.

OB1 will, of course, not knowingly offer its value added services to anyone using the OpenBazaar protocol to engage in illegal activities. The trickier question is how OB1 supports the development of an open protocol, one that they do not control, without encouraging, or endorsing, or even facilitating the misuse of that protocol. This calculus is further complicated by the fact that many current contributors to the open source project may be motivated by a mistrust of political or economic power. We do not have an easy answer. It would be disingenuous for us to say the OB1 team has no influence over the open source project.

They are respected code contributors. They are likely to encourage the development of the protocol through their own work and will now be in a position to offer bounties to encourage the development of specific features. But we can’t think of any design principle we could encourage, that would eliminate the possibility of misuse, without undermining the value inherent in a free and open marketplace, so the best we can do is aggressively advocate for the responsible use of the OpenBazaar protocol, be open and transparent ourselves, and be an example for others.

USV and our syndicate partners at A16Z are committed to responsibly furthering the OpenBazaar protocol. We are excited to be working with the team at OB1 who we know shares our values and that commitment.

Source: https://www.usv.com/blog/introducing-ob1

One of the biggest issues in discovery will be spam and scams, especially in a open marketplace. Exciting project though, I will be keeping an eye on it.

Conceptually, it is possible to build a trusted community of users (buyers and sellers) that are common members or participants of an established entity. Let's leave it at that for now.

[Chase]

http://dcebrief.com/cryptocurrency-is-the-perfect-playground-for-kids-to-learn-about-investing/

This is a great article Chase, cryptocurrency is the perfect learning tool for kids and parents can feel safe giving it to them.

Thanks kanus1113! 

[Dink]

Does DNotes plan to add shorter term investng to there CRISP program.  I was thinking in terms of something
like 6, 9, 12, 24 month investments ...more like a bank would issue a CD?

[DNotes]

Does DNotes plan to add shorter term investng to there CRISP program.  I was thinking in terms of something
like 6, 9, 12, 24 month investments ...more like a bank would issue a CD?

Hi Dink, welcome to the DNotes thread! We are only offering longer term CRISP for Retirement programs for now. However, we have discussed and are exploring other options for stakeholders to earn on their investment for future options, in and outside of the CRISP programs, but have not made that determination yet. It is certainly a consideration.

[Dink]

Thanks for answering, I think it would be a good addition to DNotes as an option.  Have a great day.

[DNotes]

Thanks for answering, I think it would be a good addition to DNotes as an option.  Have a great day.

No problem, if you have any other questions or feedback, please let us know. We are always appreciative of constructive feedback. You have a great day as well.

[RJF19]

Thanks for answering, I think it would be a good addition to DNotes as an option.  Have a great day.

No problem, if you have any other questions or feedback, please let us know. We are always appreciative of constructive feedback. You have a great day as well.

I kinda like his idea, something akin to "Certificate of Deposit" with a variable rate of return depending on the length of the commitment and the amount on deposit. I understand this would have to be researched to avoid any banking or legal quagmires but, it would be VERY attractive to new investors especially those with short attention spans! Biggest issue I suppose would be where does the "interest" come from?

PS: From the regulation department, I suppose it would not be a legal issue if crypto is a commodity but, would be an issue if crypto is money. Since we have no definitive ruling on this, it's kinda a gray area huh?

[Dyna]

Thanks for answering, I think it would be a good addition to DNotes as an option.  Have a great day.

No problem, if you have any other questions or feedback, please let us know. We are always appreciative of constructive feedback. You have a great day as well.

I kinda like his idea, something akin to "Certificate of Deposit" with a variable rate of return depending on the length of the commitment and the amount on deposit. I understand this would have to be researched to avoid any banking or legal quagmires but, it would be VERY attractive to new investors especially those with short attention spans! Biggest issue I suppose would be where does the "interest" come from?

PS: From the regulation department, I suppose it would not be a legal issue if crypto is a commodity but, would be an issue if crypto is money. Since we have no definitive ruling on this, it's kinda a gray area huh?

We will add this to our wish list. Beginning the second half of this year we will kick R&D into high gear. I am thinking of posting Chapter 15 - DNotes Story on our website. Any suggestion? DNotes Story will be very informative to those who like to learn more about DNotes.

[DNotes]

http://dcebrief.com/buying-bitcoin-gets-easier-thanks-to-bitit/

[soundposition]

Our Partner DCEBrief in Turbocharged: Grand Prix!

http://bit.ly/208QMPH

[soundposition]

Our Partner CrispforStudents in Turbocharged: Grand Prix!

http://bit.ly/208QMPH

[DNotes]

Excellent! Thank you soundposition and GMC team.

[Chase]

Our Partner CrispforStudents in Turbocharged: Grand Prix!

http://bit.ly/208QMPH

Excellent! Thank you soundposition and GMC team.

I agree! Including billboards for DCEBrief and CRISP For Students in your game is awesome. No wonder we like everyone at GMC so much!

Thanks soundposition and all of our other friends at GMC.  

[Chase]

http://dcebrief.com/buying-bitcoin-gets-easier-thanks-to-bitit/

This is a great article.

Anything that makes bitcoin purchasing easier is good for adoption. Having a card like this may be key (at least for now), as most people seem to be 'hooked' on card use.