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Author Topic: Taking Crypto Currency to the Next Level.  (Read 129899 times)

Shepherd

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Taking Crypto Currency to the Next Level.
« on: April 20, 2014, 04:41:55 PM »
Like most of you I have a day job, but mine is seasonal with flexible hours. I have a choice. I can choose to work 12 hours a day or 14 hours a day as long as I can get the job done. My wife told me once. “Honey, don’t work too hard, just get the job done.” The problem is, she sets very high standard and expects a lot. I hinted in one of my posts at Cryptomoms that the creators of Dnotes and Cryptomoms are old school farm boys from the Midwest. That is a true statement.  This is the same group that started Smokeys Daylily Gardens with just a pair of shoe strings from a pair of worn out old shoes 7 years ago.  You know what I mean. They started from nothing but a commitment to be the best in class one day. If they are not already there, they are getting very close.   Check it out: http://www.smokeysdaylilygardens.com. They are one of the largest daylily growers in the world. And if you like the website, guess. You are right, same developer.

If you don’t set a goal as to where you want to be, it shouldn’t matter where you ended up. You may wish that you ended up in a better place. But “wish” and “hope” for a favorable outcome is dependent on good luck. From my own experience, it is not dependable and doesn’t happen that often. However, if you plan to be the best in class, you have a much improved chance of getting very close to what you are shooting for. At least, if you missed the target, you know. May be, try a little harder the next time around. Don’t kid yourself. It takes a lot of hard work to get there. Coupled with a commitment not to take short cuts, it takes a lot longer to get there, unless you are lucky, of which you cannot count on.

DNotes plan to be the best in class one day. That is a very ambitious goal. Well, if that is not our goal, then how can we consistently brand DNotes as the “Digital currency of the future with lasting value?” Yes, that is absolutely DNotes’ ultimate goal. To achieve that goal it takes a lot of hard work, much patience and relentless resolves. By design, DNotes is a long term value currency. It is perhaps the worst candidate as a speculative trading currency. It is not programmed to go to the moon and instantly come crushing back down.

In order to be the digital currency of the future, that currency must meet the three most important criteria.

First, it must be traded on all major exchanges and recognized by most analysts as a value currency with long term appreciation. There must be strong fundamentals to support its value and growth projections.  Typically, the long term trend reflects a higher high and a higher low.

Second as a store of value. At a minimum, its value or purchasing power must be able to keep up with the rate of inflation. As an example, if it costs 300 DNotes or US$2.99 to purchase a gallon of milk today and the price of milk went up to US$3.99 next year, the same 300 DNotes must be able to purchase that gallon of milk. That being case, this is a reliable currency, in regards to store of value. Now, if it only cost 250 Notes, it means that DNotes was either under valued a year ago or that it has high appreciation value.

Three, being a medium of exchange for goods and services in conducting global commerce.  Until there is a digital currency that can meet this demanding criteria, it is my humble opinion that digital currency will not become main stream in global commerce. On the other hand, if one or more crypto currencies meet this demanding standard, the total global transactional value will be in the trillions of dollars. Unfortunately, our industry has failed to meet this requirement miserably. Whether you consider it individually or as a group, the value of crypto currencies today is chaotic and unreliable. At a more appropriate time DNotes will attempt to sign up merchant accounts to use DNotes for the purchase of their goods and services. However, until DNotes is sufficiently established and accepted as a trustworthy, stable, and reliable currency with appreciating value, do not expect an all out campaign  from DNotes to sign up merchant accounts. In other words, it is not yet ready for "Prime Time."

In conclusion, as a consequence of our low priority to drive up the price of DNotes, expect DNotes to remain under valued, while solid asset value is being created for its stake holder as more revenue generating properties like Cryptomoms are added to its portfolio. DNotes will work closely with Cryptomoms to significantly increase women’s participation in the crypto currency world overwhelmingly dominated by man. Cryptomoms will be promoted as a currency neutral site with a bias towards DNotes. Inherently that will always be the case, as the facts remain that whether you are an individual, a company or a country you always have the tendency to promote and protect your self interest before others. Being currency neutral, everyone is welcome at Cryptomoms and encouraged to participate in its forum, use it as a resource center, and respectfully promote their products and services.  It is a global community center
« Last Edit: June 09, 2014, 10:59:36 AM by Shepherd »

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #1 on: May 13, 2014, 01:07:49 PM »
Post by Dyna, May 13, 2014   
Re: [ANN][NOTE]DNotes - 2/18/14 19:00 EST - Cryptocurrency of the Future
Today at 06:26:22 AM
      #1412
Quote from: Italian Technology on May 12, 2014, 08:46:40 PM
Quote from: DNotes on February 18, 2014, 04:08:16 PM

The currency will only be successful if it gains rapid, widespread, and broad base support from a very large number of individuals and groups. Collectively, the miners, mining pools, bloggers, social media, and crypto forum users contribute the largest portion to the success of the currency. These groups, being critical to our success, deserve the most credit and appreciation.  The vast majority of premined coins are allocated to them as rewards for their contributions. It is time for a fair distribution to ensure a level playing field and not a get rich scheme for the developers.
-----------------------------

How is this coin differentiating from all the other crypto currencies out there? What are the plans to make this coin spread worldwide except from giving coins away? And why should businesses accept this coin as a payment?

-------------------------------------------------------------------------------------------------------------------------------------------------------

Those are excellent questions. DNotes could very well be one of the most generous crypto currencies in terms of giveaways. We absolutely believe in the shared stake concept and that our giveaway programs have made it possible for many to own crypto currency for the first time. Based on our registration data, our giveaways through Cryptomoms is indicating that 25% of our giveaways have gone to female stake holders. This of major significance, since Cryptomoms core mission is to assist and encourage women's participation in the crypto currency world overwhelming dominated by men by a ratio of 19:1,  or 95% (male) to 5% (female). This troubling gender imbalance has been voiced by women’s advocates and discussed in different Bitcoin forums; but until now a highly focused and dedicated effort to change the playing field has been lacking. This deserves our industry united efforts to drastically turn it around. In order for crypto currency to become main stream, this is one of the critical challenges that must be overcome. 

DNotes is fundamentally different in substance and style. We are totally committed to building a solid foundation right from the start, deliberately maintaining a low profile to avoid rapid increase in the price of DNotes that is not yet supported by fundamental values. Stability in the value of the currency is one of the key targets our business model seeks to achieve. Instinctively, we all love rapid price appreciation and we certainly understand the mechanics of the law of supply and demand.  However, if demand is artificially generated constantly to induce rapid price appreciation, stability in the currency is not achievable. We all love rapid price appreciation, but for long term stake holders, sustainable price appreciation within a reasonable range is the most valuable selection criteria to consider. Until there is a digital currency sufficiently stable, wide spread adoption by merchants is highly unlikely.

DNotes mission is to be the digital currency of the future with lasting value. This is a huge challenge consisting of many strategic moves. We are about to complete our phase one formative stage and will be issuing a press release soon to provide further guidance of our vision and roadmap going forward, which will include reaching out to our industry peers in the pursuit of worthy projects of mutual benefits to the digital currency space. I hope this is helpful, for you and others to begin to understand why DNotes has elected to take a different path, one that is materially more difficulty, costly, and time consuming. Understanding the macro prospective and doing the right things are the best contributions we can offer to our industry currently in a state on much confusion and mistrust. Our rather openly public support for AsiaCoin in time of needs is an indicator of what we are prepared to do to help unity our industry.
« Last Edit: May 13, 2014, 01:30:36 PM by Shepherd »

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Re: Taking Crypto Currency to the Next Level.
« Reply #2 on: May 13, 2014, 09:10:54 PM »
   
Re: [ANN][NOTE]DNotes - 2/18/14 19:00 EST - Cryptocurrency of the Future
Today at 09:01:54 PM
      #1414
Quote from: Italian Technology on Today at 06:49:18 PM
Quote from: Dyna on Today at 06:26:22 AM
Quote from: Italian Technology on May 12, 2014, 08:46:40 PM
Quote from: DNotes on February 18, 2014, 04:08:16 PM

The currency will only be successful if it gains rapid, widespread, and broad base support from a very large number of individuals and groups. Collectively, the miners, mining pools, bloggers, social media, and crypto forum users contribute the largest portion to the success of the currency. These groups, being critical to our success, deserve the most credit and appreciation.  The vast majority of premined coins are allocated to them as rewards for their contributions. It is time for a fair distribution to ensure a level playing field and not a get rich scheme for the developers.

---------------------

How is this coin differentiating from all the other crypto currencies out there? What are the plans to make this coin spread worldwide except from giving coins away? And why should businesses accept this coin as a payment?

-------------------------------------------------

Those are excellent questions. DNotes could very well be one of the most generous crypto currencies in terms of giveaways. We absolutely believe in the shared stake concept and that our giveaway programs have made it possible for many to own crypto currency for the first time. Based on our registration data, our giveaways through Cryptomoms is indicating that 25% of our giveaways have gone to female stake holders. This of major significance, since Cryptomoms core mission is to assist and encourage women's participation in the crypto currency world overwhelming dominated by men by a ratio of 19:1,  or 95% (male) to 5% (female). This troubling gender imbalance has been voiced by women’s advocates and discussed in different Bitcoin forums; but until now a highly focused and dedicated effort to change the playing field has been lacking. This deserves our industry united efforts to drastically turn it around. In order for crypto currency to become main stream, this is one of the critical challenges that must be overcome. 

DNotes is fundamentally different in substance and style. We are totally committed to building a solid foundation right from the start, deliberately maintaining a low profile to avoid rapid increase in the price of DNotes that is not yet supported by fundamental values. Stability in the value of the currency is one of the key targets our business model seeks to achieve. Instinctively, we all love rapid price appreciation and we certainly understand the mechanics of the law of supply and demand.  However, if demand is artificially generated constantly to induce rapid price appreciation, stability in the currency is not achievable. We all love rapid price appreciation, but for long term stake holders, sustainable price appreciation within a reasonable range is the most valuable selection criteria to consider. Until there is a digital currency sufficiently stable, wide spread adoption by merchants is highly unlikely.

DNotes mission is to be the digital currency of the future with lasting value. This is a huge challenge consisting of many strategic moves. We are about to complete our phase one formative stage and will be issuing a press release soon to provide further guidance of our vision and roadmap going forward, which will include reaching out to our industry peers in the pursuit of worthy projects of mutual benefits to the digital currency space. I hope this is helpful, for you and others to begin to understand why DNotes has elected to take a different path, one that is materially more difficulty, costly, and time consuming. Understanding the macro prospective and doing the right things are the best contributions we can offer to our industry currently in a state on much confusion and mistrust. Our rather openly public support for AsiaCoin in time of needs is an indicator of what we are prepared to do to help unity our industry.

----------------------------------------------


Thank you Dyna. Your answer helped me understand how Dnotes differs from many crypto currencies. I like the idea of supporting female stake holders this may bring a new public to get involved in crypto currencies, it could also help the coin gain great visibility. Trying to keep a low profile so that the coin will not be used as many others just for a pump and dump might make it reach a major stability and value. Still I believe that if the coin will not be used to pay goods and services it will never be seen as a possible alternative to fiat currencies. I understand that this is very complicated, especially finding businesses that are interested in accepting crypto currencies as a form of payment being the market so unstable at the moment. With that said is Dnote being used for any trading activity or the coins you gave away went out only for advertisement? Thank you for your time I hope this coin will get the attention needed!


------------------------------------------------------------------------------------------------------------------------------------------------------------

Thank you, Italian Technology. Supporting female stake holders is not just a smart business move. It is a critical prerequisite for digital currency to become main stream. Women world wide control more than 50% of consumer buying power. This segment can not and should not be ignored. In phrase two of our campaign, we will be much more visible and reach out to our industry peers to join force with us in addressing issues that matter the most in our industry.  There are many issues that preventing the industry to be more successful and women’s participation is only one of them. We need many more people like you who understand what matters and ask very objective and constructive questions. If there are specific projects you believe can be helpful, please let us know. We will do our best to support you. If you have not already done so, please join the forum at: http://cryptomoms.com/forum/index.php

In the mean time I will have our discussions posted in their forum. You are gifted in asking probing questions that matter. Many of the participants are new to the crypto currency world. I trust you can be of great help.

---------------

Quote: (from Italian Technology) “Still I believe that if the coin will not be used to pay for goods and services it will never be seen as a possible alternative to fiat currencies. I understand that this is very complicated, especially finding businesses that are interested in accepting crypto currencies as a form of payment being the market so unstable at the moment.”

-----------------------------------------------

This may be best answered with a quote from one of my earlier posts:
(Shepherd at Cryptomoms, April 20, 2014)

“In order to be the digital currency of the future, that currency must meet the three most important criteria.

First, it must be traded on all major exchanges and recognized by most analysts as a value currency with long term appreciation. There must be strong fundamentals to support its value and growth projections.  Typically, the long term trend reflects a higher high and a higher low.

Second as a store of value. At a minimum, its value or purchasing power must be able to keep up with the rate of inflation. As an example, if it costs 300 DNotes or US$2.99 to purchase a gallon of milk today and the price of milk went up to US$3.99 next year, the same 300 DNotes must be able to purchase that gallon of milk. That being case, this is a reliable currency, in regards to store of value. Now, if it only cost 250 Notes, it means that DNotes was either under valued a year ago or that it has high appreciation value.

Three, being a medium of exchange for goods and services in conducting global commerce.  Until there is a digital currency that can meet this demanding criteria, it is my humble opinion that digital currency will not become main stream in global commerce. On the other hand, if one or more crypto currencies meet this demanding standard, the total global transactional value will be in the trillions of dollars. Unfortunately, our industry has failed to meet this requirement miserably. Whether you consider it individually or as a group, the value of crypto currencies today is chaotic and unreliable. At a more appropriate time DNotes will attempt to sign up merchant accounts to use DNotes for the purchase of their goods and services. However, until DNotes is sufficiently established and accepted as a trustworthy, stable, and reliable currency with appreciating value, do not expect an all out campaign  from DNotes to sign up merchant accounts. In other words, it is not yet ready for "Prime Time."

In brief, we are in agreement with you.  However, we also feel very strongly that until there is a more favorable environment backed by a currency that can meet the minimum requirements and expectations of merchants any campaign to set up merchant accounts will not result in much success. Although, some of the currency risk can be minimized through sophisticated currency hedging programs, the added cost burden out weights the low transaction cost of digital currency compared to the cost of using credit cards and other forms of payment.
DNotes is currently listed on Allcoin, Polonex, Comkart, and C-Cex Exchange. It is also listed on CryptoRush Exchange which we understand will be back on line soon.
« Last Edit: May 13, 2014, 09:16:09 PM by Shepherd »

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #3 on: May 14, 2014, 06:11:52 PM »
May 13, 2014
Reply from:
Italian Technology
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Thank you Dyna, your post is super detailed and I totally agree with you. I hope that everyone will start to get involved making crypto currencies a more accepted idea. This will help people understand the importance of a decentralized currency, but it's a difficult argument, and it will be hard to get a global interest until they will understand the technology that revolves around it and how it can be applied not only to virtual money but also in many other aspects. Thank you for your time!

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #4 on: May 14, 2014, 06:31:11 PM »
May 13, 2014
Reply from:
Italian Technology
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Thank you Dyna, your post is super detailed and I totally agree with you. I hope that everyone will start to get involved making crypto currencies a more accepted idea. This will help people understand the importance of a decentralized currency, but it's a difficult argument, and it will be hard to get a global interest until they will understand the technology that revolves around it and how it can be applied not only to virtual money but also in many other aspects. Thank you for your time!

You are exactly correct. It is troubling, especially to see people of power and wealth, including influential politicians condemning the technology, not based on merits, but a lack of basis understanding.

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #5 on: June 08, 2014, 10:19:55 PM »
I have been extremely busy lately but do not want our community here to feel that I have forgotten about them. The following post is just a cut and paste from DNotes’ forum but of extreme significance to those who are interested to know more about DNotes’ philosophies and core mission:
-------------------------------------------
Quote from:
RJF
Jr. Member
 
Re: [ANN][NOTE]DNotes - Updated! - Mandatory Update by 6/1/2014
Today at 12:36:38 PM      #1562

 
Something to consider: PayPal is getting close to adding digital currencies and eBay (parent company) is pushing the addition. In reading eBay's press releases and comments by the CEO (a "bitcoiner" by the way) it sounds like they may integrate more than one currency. I won't even consider sticking my neck out and guessing which ones but, now is the time to lobby them for DNotes.

I don't mean a full press campaign but, simply make them aware of DNotes so they can do their own research. Whatever criteria they use to decide is beyond us, and the scope of this comment but, we at least want to be recognized.

Perhaps a professional letter of introduction by the Dev team would be appropriate...

RJF
--------------------------------------------------
Reply:

Thanks RJF. You have made a very significant observation. We strongly encourage our stake holders to highlight the DNotes difference to the best they can whenever they have a chance while visiting different forums. Just focus on one or two main points you personally believe in. Our PR campaign has already started and the intensity will pick up.

DNotes is not just another crypto currency. It is started and managed as a business. This will become more apparent over time. Being low profile while building a strong foundation to justify the increasing value of DNotes, is of critical importance in our strategic moves. As a matter of discipline, we take our time and prefer to make each move from a position of strength.

DNotes’ core mission from the day of launch is to be the digital currency of choice in global commerce. This is the biggest challenge of all, and consequently, comes with the biggest payoff for the few that can make it to the finishing line. We fully intend to be one of them and accordingly, from day one, we branded “DNotes is the Digital Currency of the Future with Lasting Value.” That is what DNotes is about. We set the bar very high. It is important for our stake holders to understand that this will take years to accomplish. Active support and involvement of our community will go a long way and could hasten our timeline.

Everyone will have their opinion whether DNotes is a viable investment candidate, both for day trading and long term investment. One can use many indicators, charts and graphs. To the DNotes team, our trading range over a sufficient period of at least six or longer is the best indicator to determine how successful will DNotes be in accomplishing its core mission of being the digital currency of choice for global commerce. The perfect score is the consistency of making higher highs and higher lows. The worst case is reaching half  way to the moon and comes right back crashing down to earth. The best real life case is AuroraCoin with a high of over $40 and down to $0.22 today (6-8-14), after just a few months. Sadly, too many bag holders have yet to learn a more objective selection process to identify more trustworthy investment opportunities.

The advantages of using Bitcoin and other digital currencies over other forms of payment like credit card, debit card, and pay pal have been well publicized. It is labeled by some as a disruptive technology for very good reasons. Hence, credit and debit card companies, pay pal, banks, and governments are taking this very seriously.  They are beginning to realize that this is not going to go away. They are also fully aware that the biggest problem confronting the industry before mass merchant adoption of digital currency as a form of payment can take place, volatility of crypto currency value must be brought to a manageable level. The ferocious fluctuations of crypto currencies today is simply chaotic, destroying the exceeding low transaction cost advantage. Although the risk can be minimized, the cost of deploying various currency hedging vehicles to protect merchant transactions erodes any cost benefits.

As part of our business plan, DNotes is positioned to address many challenging issues on an on going basis.  We will try to address one or two issues each time and hope that, over time, our long term stake holders understand what matters most for DNotes to be truly valuable. No one knows what the price of DNotes will be, a year from now, or three years from now. What we do know is that any rapid price increase of DNotes that is not sustainable and not supported by fundamentals is a curse than a blessing to our core mission. DNotes long term stake holders are firmly committed to supporting its natural value backed by strong fundamentals. In brief, we are firmly committed to supporting the higher lows of our trend line, and unless it reaches ridiculous levels, we will let the higher highs take care of themselves.

Once again, we encourage DNotes stake holders to be more engaged in this forum. We have a very strong community sharing many common goals. The scope of our mission for DNotes and Cryptomoms are rapidly growing. We can use a lot more active participation.
« Last Edit: June 09, 2014, 11:02:01 AM by Shepherd »

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #6 on: June 15, 2014, 04:10:28 PM »
As Posted in DNotes Forum on June 15, 2015:

Quote from: Rekatan on June 14, 2014, 05:55:00 PM
Quote from: RJF on June 14, 2014, 03:03:14 PM
Dyna,

What is the current plan for positioning Dnotes in the future? Can you discuss the long term plans and predictions? I know a lot of this has been covered but, I would like see where the Dnotes community leaders stand now.

Thx

I'm also curious on this. With so many new coins with quite a bit more innovative technology behind them coming out on a regular basis, I'm wondering what the plan is to keep dnotes relevant.

---------------------------------------------

Those are very reasonable questions and we continue to encourage our community to actively participate in this forum, with comments, questions, and recommendations. You may also PM our Dev. or myself on subjects that are more appropriately covered in private.

DNotes has a rather complex business plan projecting years into the future. Like any other business plan, it consists of many short and long term goals and objectives covering many different projects. Some of the projects are conditional. They could be affected by the state of our industry, new technologies, changing industry sentiments, governmental rules and regulations, as well as DNotes’ success or lack of it. DNotes is actively managed as a technology entity, as well as a business entity. We treat this as a very serious real world business with the solid backings of our large stake holders who are firmly committed for the long haul.

To the best of my knowledge, our large stake holders are net buyers by a long shot. We could very well be the only group in the digital currency space that has never requested a single donation to fund any project and this practice will continue with increasing funding. This is a huge advantage over our industry peers. Consequently, DNotes can consistently operate from a position of strength, allowing the DNotes team to focus in executing strategic plans without having to disclose confidential projects in order to secure donations from the community. This is another significant DNotes difference that is underestimated by outsiders. We do not exploit our R&D (research and development) projects as a vehicle to pump and dump. They are always kept under wrap until the DNotes team is convinced that they ready for a solid launch.
DNotes core mission is to be one among a few that can survive the test of time in the increasingly crowded crypto currency space. We believe in quality, not quantity. The page count of this forum is a case in point, though I do like to see more participation from our community. We will continue to execute our strategic plans at the most optimal time and not yield to industry pressure.

At our current phrase, we will attempt to raise our profile by a notch or two. Gaining awareness and industry recognition is now among our top priorities. This will be approached from multiple fronts, including an earnest appeal to our community to participate more actively. Visit this forum more often and participate to the best you. Digital currency is here to stay. Start reaching out to friends and family. Encourage them to start a digital currency saving account. If need be, help them to set up a trading account and give them a few DNotes to get started.  Don’t forget that one of our core missions through Cryptomoms is to encourage and assist women to participate in the cryptocurrency world. If you want to come up with your own giveaway programs and can use some help, PM me with a specific plan. I will personally make a contribution of DNotes to support your efforts. DNotes is becoming more valuable and harder to come by.

Now my predictions:

1.   DNotes will secure a sustainable market cap top 50s position before the end of 2014 with a trading range of 800 to 1,200 Satoshi.

2.   DNotes will be listed on Mintpal and at least two other exchanges in 2014.

3.   DNotes will announce and implement a pilot project, incorporating elements that essential to achieve mainstream merchant account adoption of digital currency in 2014.

4.   DNotes will launch two projects of significance before the end of 2014.

5.   By the year 2020, DNotes core supporters will own a fully regulated exchange dedicated to trading DNotes and a few selected digital and fiat currencies, a mutual fund, a venture capital fund, a bank, and some forms digital debit and credit card services. These are all part of our long term plan to ensure that “DNotes is the Digital currency of the Future with Lasting Value.”

This is just a small of sample, in an effort to answer your questions. The challenges in an increasingly crowded and chaotic cryptocurrency space, packed false claims, misguided directions and ferocious spreading of FUD (fear, uncertainty, doubt) will make it increasing unlikely that many of the market cap 300 plus today will survive beyond their next anniversary. This will take much more than announcing prematurely, perhaps even misleadingly, the next killer apps or “military strength” security and privacy features. It takes a clear understanding from both the micro, and macro prospective of what a highly successful digital currency needs to be five years from now, when digital currency reaches mainstream adoption as a medium of exchange in global commerce. The DNotes team believes that we need to take a system approach to solving this very complex challenge.

What is a system approach? (To be continued.)

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #7 on: June 17, 2014, 05:39:26 PM »
Understanding the Complexity of Crypto Currency
A System Approach

A brief understanding of the dynamics of DNotes’ management, business, and strategic philosophies may provide some appreciation why DNotes is uniquely positioned as measured against its peers.  We deliberately examine challenges and opportunities from both a macro and a micro prospective. We use a system approach to identify the strength and weakness of its parts as they are, as well as how and when to position ourselves to best exploit them. We identify current weakness, and decide where we want to participate or simply wait for others to perfect what they have already started, especially if we are convinced that they are on the right track. Perhaps most important of all, we identify the important missing parts that must be created and perfected before digital currency can become mainstream in global commerce. That is our main focus and why DNotes is branded as “The Digital Currency of the Future with Lasting Value.”

We all know what is a system; such as the ecosystem, system of the crypto currency. We even know of many subsystems that make up of our ecosystem, such as the miners, exchanges, and Developers. What we don’t normally do is to constantly examine the whole while designing a part to best fit the system. We believe that there is a huge advantage, as in the case of DNotes, to take a system approach from day one to build a solid foundation with a very clear mission, consistent messaging, and accurate branding. With a clearly defined path, coupled with the best knowledge of what it takes to get there will absolutely give DNotes the best chances to be one among a handful to reach the finishing line.

Like anything else, it is usually much more demanding, costly, and time consuming to do things right. Everyone will agree that to be successful in our industry, we need a strong community. Those of you who have participated in different forums may also agree that the presence of strong management and leadership verse the lack of them are very apparent in atmosphere and messaging. We strongly believe that sound management, with dedicated leadership along with reliable funding to build and lead a strong productive community with due respect and earnest appreciation is another significant strength of DNotes.

It is exceedingly clear that digital currency is here to stay. Professional fund mangers, large investors, venture capital funds, banks, credit and debit card companies and others are beginning to realize that they can not afford to miss the opportunity to participate in this vital technology revolution in human history. We believe that it is significantly bigger and much more complex than Internet. What is holding them back is the chaotic state of our industry with widespread dishonesties, rampant false claims, and immature conducts among many other turnoffs. DNotes is a rare breed. It is a diamond in the rough and perhaps the best kept secret of our industry.  Maintaining a low profile to building a solid foundation while refining our messaging and tactical strategies is an integral part of our business plan.

For the records, phase two of our business plan is scheduled to beginning on July1st, 2014. Although, this phase involves achieving a number of goals and objectives, the most visible to the general public will be our dedicated effort to promote awareness of DNotes through multiple fronts, utilizing social media, traditional PR and other means.  We will continue to build stake holders value and expect DNotes to appreciate in value significantly in the coming months. Securing a top 50s position in market cap, as well as being listed on Mintpal Exchange by September 15, 2014 are among our highest priorities.

We strongly encourage our community give us their very best efforts to stage their own campaign in getting every vote for DNotes possible. This is our best opportunity to alert the rest of our industry and potential investors that this sleeping giant is waking up.

To volt for DNotes at Mintpal you need a registered account with a trading history. For convenience you can change your "default" 45 minutes auto-Lockout to 24 hours (User Name, sub-tab: Profile). To avoid an error message, you may need to "reload" or "refresh" each time you returned to vote. This will take a huge community effort. Please give us your best support. Thanks.
« Last Edit: June 19, 2014, 03:44:39 AM by Shepherd »

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #8 on: June 18, 2014, 01:44:04 AM »
Check this out. I just came across this after my post. The flood gate is about to open.



Pantera Bitcoin Fund SEC Filing Reveals $96 Million Investment
June 14, 2014
https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

In a recent Form D notice filed with the U.S. Securities and Exchange Commission (SEC), the San Francisco based hedge fund Pantera Capital disclosed that their Bitcoin fund has raised more than $96 million USD from 45 investors [1]. The investment firm focuses exclusively on digital currencies and related companies in the sector. Pantera Capital shareholders include influential venture capital firms such as Benchmark, Fortress, and Ribbit Capital.

Background
In the United States, private companies often take advantage of a Form D filing because it allows them to raise investor funds while bypassing the traditional SEC approval process. Traditional SEC filings are a notoriously drawn-out process which firms tend to avoid unless necessary. To put it in perspective, the Winklevoss Bitcoin Trust has been pending since its initial filing back in July of 2013 [2]. While this approach will prevent the shares from being publicly traded, it does imply that the fund is open-ended and has plans to continue growing.

This news confirms the Bitcoin community's growing suspicion that institutional investors are starting to accept the validity of the digital currency. According to the document, the first sale occurred October 2, 2013. This suggests that the $96 million USD worth of Bitcoin was purchased sometime within the last 8 months and may not entirely be responsible for Bitcoin’s recent surge in price. This is not Pantera Capital’s first investment surrounding Bitcoin. In 2013, the firm invested $10 million USD into Bitstamp -- a popular Bitcoin exchange [3].

What does this mean for alt-coins?
According to the Pantera Capital website, the firm also has their eyes on other digital currencies outside of Bitcoin [4]. While this isn’t the first case of venture capital funds taking notice of alt-coins, it certainly is an interesting distinction to note because alt-coins have largely been neglected by traditional investors (and often companies already in the Bitcoin space). With the spectacular rise of coins like Darkcoin, perhaps the alt-coin economy has caught the attention of large Bitcoin speculators.

Fun Fact: Alt-coins make up 7.5% of the current $9.1 billion cryptocurrency market.

Let us know what you think. Are mainstream investors finally beginning to take notice of the lucrative $680 million USD alt-coin market?

Note: It should be noted that the term "investors" does not necessarily imply individuals. According to the SECs definition of "accredited investors", the funds could have been raised from banks, insurance companies, investment companies, employee benefit plans, etc.

1. http://www.sec.gov/Archives/edgar/data/1598389/000090266414002722/xslFormDX01/primary_doc.xml

2. https://www.rapidcx.com/blog/winklevoss-bitcoin-fund-to-be-traded-on-nasdaq

3. http://www.bloomberg.com/news/2014-03-17/fortress-linked-pantera-said-to-invest-in-top-bitcoin-exchange.html

4. https://panteracapital.com/about

Written by Michael Toth

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #9 on: June 24, 2014, 01:20:25 PM »
The following article is definitely worth reading, but here is my take:

"Phase 5: Mass global consumer adoption starting in 2015."

Starting? What is the definition of starting? One can easily argue that it has already started. I believe that with significant contributions from the likes of DNotes it will take another five years before it is clearly apparent that mass global consumer adoption of digital currency has reached mainstream.  The pre-requisite is that there must be one or more digital currencies that can be qualified as: trustworthy, stable, reliable, and conveniently available with excellent liquidity worldwide.  That is what smart money is looking for.  Let us know if find a potential candidate that is positioned to be qualified.


---------------------------------------------------------------------------------


BITCOIN
FEATURED
Posted by Fred Marion+ - June 24, 2014

Bitcoin’s ‘Wall Street Phase’ just around the corner

"Since the day I learned about bitcoin, I’ve been convinced that it will replace a large segment of gold bullion investors. I feel like I’ve gotten validation for that thesis on the heels of Peter Diamandis’s announcement that he swapping some of his gold investments for bitcoin.

The famed entrepreneur is best known for his creation of the X prize and as the cofounder of the Zero-Gravity Corporation (an aerospace company that operates weightless flights for researchers and tourists). In a blog post on bitcoin Diamandis argues that the currency will do for money what email did for communication. He also lays out what he sees as five phases in the development of digital currency (much of which is based on comments from Second Market founder Barry Silbert).

Peter Diamandis’s Five Phases of Bitcoin Adoption

Phase 1: Bitcoin’s “deceptive, experimental phase” from 2009 to 2011.
Phase 2: The early adopter phase from 2011-2012.
Phase 3: The venture capital phase from 2013 to mid-2014.
Phase 4: The Wall Street Phase, which will be marked by “institutional money acknowledging digital currencies as an asset class,” from mid-2014 to 2015.
Phase 5: Mass global consumer adoption starting in 2015.

Diamandis believes we are smack dab in the middle of phase 3 right now. If that’s the case, expect the value of bitcoin to surge in the coming years. It makes me wish I had more money to invest in bitcoin. Once the broader gold-bug community and hedge fund mangers see value in the currency, it could forever change people’s definition of hard assets."

http://crypt.la/2014/06/24/bitcoins-wall-street-phase-just-around-corner/
« Last Edit: June 24, 2014, 01:22:23 PM by Shepherd »

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Re: Taking Crypto Currency to the Next Level.
« Reply #10 on: August 12, 2014, 12:55:04 PM »
8-12-2014
From DNotes Forum:
https://bitcointalk.org/index.php?topic=470155.new#new

Quote from: runhuayi on Today at 07:03:22 AM
Quote from: Dyna on Today at 03:35:50 AM
Quote from: runhuayi on Today at 01:05:43 AM
dyna!We are #1 on list of mintpal!we can exchange next week on mintpal!
---------------------------------------------------------------------

You can tell us  how many peoples are Our development team of dnotes,And who they are!¬?

We are indeed #1 on Mintpal voting list. Thanks for the great efforts. Do not take anything for granted. Keep voting. If DNotes ended up with an all time high record, that is another achievement to be proud of.

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

DNotes's policy is not to disclose specifics on projects we are working or details of our development team. What I can tell you is that we have a highly qualified team working on multiple projects deemed essential in meeting our strategic objectives. However, there is a general consent to officially introduce our Lead Developer as part of our next press release in the next sixty days. To ensure that DNotes is the most stable digital currency, our strategic preference is for DNotes to be valued based on what has been delivered and not what we hope to deliver at some point in the future.

-----------------------------------------------------------------------
I've been following DNotes since launch.we have a highly qualified team working on multiple projects deemed essential in meeting our strategic objectives.All waiting to be valued.
Thanks  for you hard working!Dyna!

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

You are correct. A lot of the hard work we are putting in is “waiting to be valued”. That is done by design to make the price of DNotes more stable. When the unknowns are not priced in, DNotes is more likely to be under valued. Should the price of DNotes declines to the extend of reaching the last higher low, our stake holders are a lot more confident in acquiring more DNotes for long term investment, confident that over time the value will be reflected resulting in a long-term gain of their investments. When the demand curve is reversed, the up trend continues. For this model to work best, the value of DNotes must be supported by strong fundamentals. Specifically, we cannot over- promise and under-deliver.  It is also risky for us to prematurely announce or launch products that have not been successfully tested.  We are making every attempt to avoid DNotes being priced to perfection, as there are always factors become our control that could have a negative impact.

Price stability and reliable appreciating value are the biggest challenges confronting the mass adoption of digital currencies. These include Bitcoin, DNotes and other Altcoins. There is a lack of understanding and appreciation for the three most important functions of digital currency to work well (unit of account, medium of exchange, and store of value). To be continued:
« Last Edit: August 12, 2014, 12:57:14 PM by Shepherd »

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Re: Taking Crypto Currency to the Next Level.
« Reply #11 on: August 22, 2014, 12:36:33 AM »
DNotes is now 6 months old; quite old by crypto standard, at least quite senior. Many others have crushed and burnt, before they turned six months old. Some shot up to moon with Coin Market Cap in the millions of dollars, right off the launching pad, only to come crushing down in a matter of a few weeks. Many of them have very strong and active communities with impressive forum page count of over 1,000 pages in a few months verses DNotes current forum page count of 104 pages, as of 8-21-2014.

As can be expected, they all have dedicated fans with high hopes that they have found the coin many merchants and consumers will adopt as the new medium of exchange for goods and services, because of the huge low cost advantage, compared to what credit cards, Paypal, and Western Union would charge for the transaction fees.  The truth is that merchant account adoption is not yet happening, with a small exception for Bitcoin. Coinbase has been doing a great job in signing up some major accounts including Overstock.com, Dell Computer, and Dish Network. However, the reported revenue paid in Bitcoin is far less than one percent of total revenue for the period.

In order to gain a better understanding of DNotes’s long-term strategic positioning as compared to its industry peers, it is helpful to understand the Functions of Money. Whether we call it Bitcoin, Altcoin, Virtual Currency, Digital Currency, or Property, it is money. If we can not agree on the descriptive term, we can at least agree on the concept that it has the great cost advantage as a medium of exchange, which happens to be a main function of money.

The hesitant treatment of digital currency as real money, and the lack of understanding of the Functions of Money are the biggest obstacles our industry and governing bodies must overcome before cryptocurrency can become mainstream.

Digital currency will be one of the biggest technology revolutions of mankind. It will be massive in job creation and wealth creation. Early adopter nations, possibly Singapore and UK, could gain significant advantages over reluctant adopter nations like China and Russia.


Ultimately, banks and financial services will all be involved. There is already a strong desire for bankers to learn more about Bitcoin. Marc Hochstein, an American Banker's executive editor pointed out that “A true understanding of Bitcoin (uppercase "B" for the payment system and technology, lowercase for the currency) means looking beyond its potential as an alternative form of money. The network's rails one day could conceivably provide a means of exchange for a whole lot more than a stateless, digital currency — think stock certificates or property titles. For financial services, an industry predicated on trust in third parties, the long-term implications of Bitcoin's underlying decentralized technology are staggering.”
http://www.americanbanker.com/magazine/124_02/why-bitcoin-matters-for-bankers-1065590-1.html

DNotes is positioned as The Digital Currency of the Future with Lasting Value. It is not a currency for a particular niche that must have a trustless currency with absolute anonymity. DNotes is a trustworthy digital currency for everyone and its mission is to fulfill every one of the functions of money (fiat) and much more.

To be continued:
« Last Edit: September 07, 2014, 04:38:26 AM by Shepherd »

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #12 on: August 24, 2014, 02:20:24 PM »
DNotes - Destined to Fulfill the Functions of Money

Since I have been preparing to write about the functions of money, I asked my six years old grandson, “What is money for?”  “Buy toys”, he replied instantly.

Money is certainly used to buy toys and much more, but it actually has three functions that have been generally agreed to. There is a fourth function that has been floating around for years, but not always discussed. Perhaps because it is a hybrid that came about as we developed more ways to use money by accepting installment or deferred payments for current purchases. If that is true, digital currency will enhance the functions of money even further. DNotes is positioning itself to lead in exploiting this huge potential of various additional advantages digital currency has to offer over fiat currencies.

Medium of exchange:

Money is used as the most convenient and efficient vehicle as a medium of exchange for goods and services.  It replaces the need to barter for goods and services, a highly unproductive and difficult system. Barter trade consumes unproductive time and resources to find and negotiate with the traders on both sides. As a result, everyone is willing to accept money in exchange for goods and services.

Unit of account:

Unit of account is a general consent on the value of a currency relative to a good or service or another currency (money). UD$3.00 can buy one gallon of Milk. 1 DNotes can be traded for 0.0001201 Bitcoin. This is a very simple concept with great implications, especially in the cryptocurrency world. It is reasonable to say that the cryptocurrency exchanges have been playing a very important role for “Unit of Account” for digital currency.  When a cryptocurrency is de-listed by most or all the exchanges, its value can only be established through barter trade, threatening the very survival of the coin.

In theory, when a coin continuously become more available and its value consistently appreciate at a reliable and sustainable rate the general consent of its  value is much more dependable than one that is not. As often the case in our industry, when the value of a currency is highly volatile with wide fluctuation of value, it is an indication that the general consent on the value of that currency is unsettled. Both uptrend and downtrend are likely to have been induced or manipulated; pump and dump. For long-term investor finding dependable general consent of value (unit of account) is very important.

Store of Value:

Money functions as a practical and convenient way to store value, allowing us to exchange money for goods and services at any time without worrying that the value may expire or rot away.  This allows us to save for retirement or diversify in protecting its value by investing in different currencies, and other asset class.

DNotes as a worthy Store of Value is part of our strategic mission. This is hugely important to a number of DNotes projects, including the recently introduced Baby DNotes program. More will be discussed in future posts.



Standard of deferred payment:

Standard of deferred payment is frequently used for current purchases with deferred or installment payments. However, it is not always discussed as a function of money. This could be partly because it involves both the unit of account and the store of value functions. Accounting for inflation and potential devaluation of the currency, the $10,000 you agreed to pay for the used car purchased today but paid monthly over 24 installments is worth less in present value by the time it is paid in full.

Standard of deferred payment is used as a benchmark to determine what interest rate should be added to preserve the present value of that agreed price. An incentive of a higher interest rate is often added to help offset potential default risk. It can also be priced in as the selling price and advertise as 0% interest as a sales promotion.


What if someone would accept the same purchase with installment payments in DNotes?

I strongly encourage further discussions and comments. If DNotes can serve well in all the functions of money, with additional advantages, mainstream adoption of digital currency is a certainty. DNotes is positioned to be that currency.  Building a solid foundation of trust and fundamental value has to be our trademarks. If money is for everyone, and so easy to understand and easy to use, DNotes as a digital currency for everyone must also be easy to understand and easy to use. That is a huge challenge our development team is working to overcome.

Shepherd

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Re: Taking Crypto Currency to the Next Level.
« Reply #13 on: August 24, 2014, 07:57:03 PM »
From DNotes' Forum:

Quote from: runhuayi on Today at 09:34:34 AM
Dyna,You have studied the bitshares X project? What do you think of this project?

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

Their strategy of creating new Decentralized Autonomous Corporations (DACs) is sound and will likely help speed up mainstream adoption. They have a good business model of getting a lot of things done relatively quietly, until they have something solid. Among this group of major players such as Ripple, Ethereum, Nxt  and others, BTSX is on the top of my list.

Their ownership ratio (as to who owns what, how much, and why) is complex and confusing, making it nearly impossible to arrive at an objective valuation. Having said that, I will add that BTSX is one of the better speculative investments in our industry.

DNotes is more of a pure play if you believe in the potential of a relatively stable digital currency with reliable long-term appreciation. Since this is an open source industry, there will be a lot of technology sharing. We expect to make our fair share of contributions to the industry and will certainly benefit from the work of others as well. There is little limit as to what DNotes can do from a technology prospective. It is more of a matter of when and what we want to do, based on our priorities.

It is becoming very clear that many larger players will start competing in our industry. The cost of entry will increase rapidly. The ridiculously, large number of new coins being introduced will have dropped substantially by the end of this year. Many current coins will disappear in the next twelve months. The opportunities will be shifted towards supporting the ecosystem. This is how new technology evolves and we have always anticipated this.

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Re: Taking Crypto Currency to the Next Level.
« Reply #14 on: August 25, 2014, 03:51:49 PM »
Quote from: Chase on Today at 01:20:44 PM
"Gold Dealer to Dump the Dollar, Broker Plans for 100% Crypto Currency by 2016"

http://www.virtual-strategy.com/2014/08/25/gold-dealer-dump-dollar-broker-plans-100-crypto-currency-2016#axzz3BPBsINe8

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

Thanks Chase.  This is a perfect timing for my next write-up later this week on "DNotes as a Store of Value". I will discuss why DNotes' goal to provide long-term reliable appreciating value will become an attractive consideration in owning DNotes over other crypto currencies.

With support research materials from our well regarded forum participant, TeeGee, I will examine how digital currency can provide a level financial playing field for individuals and businesses around the world. As the article pointed out, "Both investors and governments have began to lose confidence in the dollar's future." I would add that other countries with high rate of inflation and other uncertainties are also important catalysts to adopt digital currency. Imagine a DNotes digital currency that offers the same reliable long-term appreciation and purchasing power to everyone around the world. That is a paradigm shift. DNotes is founded on day one to be the Digital Currency of the Future with Lasting Value for everyone around the globe.


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