Updating the latest on DNotes:Alan's posts on DNotes over the last few months:Feb 6, 2017
Without disclosing details, we are working on a major upgrade to the DNotes blockchain, migrating it to a hybrid PoS/PoW coin, creating a second digital currency, planning an ICO, positioning to be a significant player in the block chain technology arena, and becoming a serious FinTech participant. Those who believe in our business model and can connect all the dots based my previous posts will get a good idea of our path to fulfill our ultimate vision of being a trusted global digital currency that is superior to fiat currency. It will be a digital currency that meets and exceeds the full functions of money and one that anyone worldwide can participate. These will keep us very busy for a long time. Once we become firmly entranced it will be difficult for others to replicate the DNotes' model.Feb 5, 2017
Our industry has a tendency to interact with the world differently. In my opinion, its total dependence and over emphasis on decentralization without a bridge to the centralized real world creates many barriers and traps - preventing mass acceptance of digital currency anytime soon.
Without a doubt, the creation of digital currency using peer-to-peer decentralized ledger and consensus system is ingenious. This fundamentally changed the future of money - making it absolutely possible for a digital currency like DNotes to meet and exceed the full functions of money - as a unit of account, store of value, and medium of exchange. It may take generations but DNotes is positioned to be superior to fiat currency one day. Today, it is common for money (fiat currency) to be created out of "thin air" with crushing consequences as in the case of Venezuela and Greece. Economic activities came to a sudden stop with many citizens loosing their entire savings overnight. Decentralized governance and decentralized creation of digital currency is vastly superior and vital to DNotes' success. That is our core believe.
However, whether we like it or not - we live in a vastly centralized world. It thrives on efficiency, large scale participation, and well coordinated collaborative efforts, among many others. For DNotes to gain mass acceptance one day, we must build an ecosystem that can effectively bridge the gap between the centralized world and the decentralized world. It must be done in a large global scale and designed for everyone world to participate. To accomplish that - many problems must be solved. We have been spending countless hours to identify and solve problems as the technology evolves and finally becomes more matured and settled.
DNotes Global Inc. is our bridge. With the new DNotes blockchain a second digital currency will be created for funding and other purposes. Once DNotes Global is firmly established, expect it to grow rapidly with mergers and acquisitions along its path. Perhaps within ten years, DNotes Global will be a publicly traded company. That is our long term vision with little changes since the day DNotes was launched. This will be a very exciting year for us. I will share what we can at the appropriate time. Feb5, 2017
The 1,000,000 DNotes retirement bonus was a one time donation from a few major DNotes stakeholders who purchased every one of the DNotes from the open market. So, when they are gone they are gone, unless someone comes up with another donation – not likely in my opinion. CRISP For Retirement turned out to be more popular than originally expected and, as such, used up the donation relatively quickly.
We are working diligently to upgrade the DNotes blockchain to be a hybrid Proof-Of-Work/Proof-Of-Stake digital currency. A hybrid system of PoS working alongside of PoW will enhance our security posture. In essence, stake-sub blocks extend PoW blocks to confirm or reject their validity. Those who signed up to participate in staking their coins are rewarded for supporting the network.
There are benefits and challenges. It is quite complex and not everyone can participate. Additionally, a fixed rate reward is technically nearly impossible to achieve. For all practical purposes and claims, PoS coins are challenging for the average stakeholders to participate. We are working to make our PoS system as user friendly as possible and believe that DNotesVault is a unique advantage we have in the ecosystems we have already built. This will benefit all our account holders who want to participate in staking, including our family of CRISPs.
DNotes was first launched on February 18, 2014. There will be a press release in celebration of our 3 year old birthday. We are thinking of opening the DNotes Bitcointalk forum for a few days to let everyone catch up and celebrate with us. What amazes me most is that our vision from the day of launch has remained very much the same; with very little changes.
This will be a very exciting year for DNotes with substantial advances in various fronts. DNotes has been positioning itself to execute some big bold plans of global scale. DNotes Global, Inc. is among the various components that will play a vital role. For that matter every block is strategically linked and will contribute to the accomplishment of our vision. Ultimately, DNotes will become a trusted global digital currency - as a supplement to fiat currencies. It will include our own exchange, bank, partner banks, global payment network, multi-currency cards and various business ventures. The ability to integrate all the different blocks is among our unique strengths; making it difficult for others to replicate what we are doing.
It was a delight for me to finally meet TeeGee (Tim) in person. He is very excited to assist us in various areas with focus in blockchain related technologies and business opportunities. I am looking forward to working with him closely. Jan 16, 2017
DNotes Global, Inc. is incorporated in the State of Delaware on April 1, 2016, #6005128. It is a 01025 Stock Corporation ("C" Corporation) That is all public information for anyone who wish to verify. We have retained the Law firm of Huck Bouma for their legal services. As you may know, professional services is very costly. I have advanced and paid almost US$2,000 so far. More legal work needs to be done (including licensing agreements and the assignment of up to 25% ownership to DNotes) at the justifiable and appropriate time since it will require additional funding. There is just not much to report at this time. It is another one of our building blocks that is positioned for us to deploy quickly when needed. DNotes is taking a very different path and committed to be a long term player in our industry. That has always been our strategy and clearly articulated many times. I understand that this can be frustrating for investors with short term outlook. One needs to decide and pick the investment with the best fit. Our industry is loaded with many choices.
Nov. 19, 2015 - This is the latest statement:
"if money is primarily used in economic transactions between two people, then it makes a lot of sense to me." That is DNotes’ ultimate goal. I have mentioned that in a number of my previous posts, that when the vast majority of DNotes transactions are between two parties, there will be little doubt that DNotes is superior to fiat currency. Getting to that point will take years and a lot of strategic positioning and great executions.
It will be great if we can write an article about this subject for DCEBrief. DNotes is a long term large scale global project that will take years or even decades to reach its ultimate goal - to facilitate the vast majority of the transactions between two parties. If you understand our ultimate goal you will understand and appreciate all the extra work and commitments we have subjected ourselves to. It is a lot of very hard work and not always a lot of fun. We believe that for DNotes to be the trusted global digital currency for everyone in the world to participate in, thereby gaining mass acceptance - that is what it takes. Nov. 2, 2015 from Alan Yong:
"Our 2016 roadmap includes aggressively promoting a total package of CRISP for Retirement, CRISP For Employee Incentive Benefits and the book to small business owners, including women small business owners. This will be a major campaign involving third party support and other partnership. Expect a big push to develop our own e-commerce site and global payment networks and other ventures to be launched at the later part of 2016. Developing the right technologies and launching them at the right time are all winning strategies. That is our pathway to deploy DNotes as the medium of exchange."Oct. 30, 2015 from Alan Yong:
For others it may be worth noting that DNotes has the most comprehensive and far reaching business model than any of our competitors in this industry. Starting from ground up DNotes is designed to be a complete system, strategically positioned to interact internally and externally in the most efficient and dominant manner conceivable. It has many parts and components, including our own ecosystem. Once it starts to gain momentum, it will dominate and can not be easily replicated. This is a very large scale global project with a very bold agenda. Technology is one of many components or subsystems. Focusing only on the technology aspect at the wrong time or prematurely is a very bad idea and the major pitfall in our industry. With due respect, that kind of mentality is a clear demonstration of ignorance on what it would take to be successful in the business world.
Being designed as a complete system in a massive nascent industry that is currently chaotic, fragmented, ever-changing, lawless, and leaderless; timing and good strategic directions are significantly more valuable than running mindlessly with the crowd.
We have disclosed that a for-profit company will be incorporated in 2016 to take over our ecosystem and expand into other areas. DNotes will own up to 25% of this company with significant funding for future development which will include our own exchange, Blockchain technology, and a global payment network. For more details:
Bitcoin Alternative DNotes Announces New Company ...
dcebrief.com/bitcoin-alternative-dnotes-announces-new-company-launc.Oct 24, 2016
We have indeed been relatively quiet since last summer, after migrating from Bitcointalk forum to CryptoMoms. I used to spend a great deal time each day to support the forum. During our formative stage it was important to clearly define and articulate the DNotes’ vision. We are now at a different stage in our development. It has been a lot harder for me to spend as much time to support our forum as before. I will try to spend more time writing blog posts this winter.
As mentioned earlier, we have been working with Game Credit to provide a CRISP program for their game players. Although further details have yet to be finalized we have already completed a working “CRISP For Education” plan for further testing and acceptance. As you may know, Game Credit is doing extremely well. We are delighted to work closely with them.
We are actively expanding our development team with part-time openings for experienced software developers in the Chicago (IL) and Fort Wayne (IN) areas. Interested parties may pm me for further details.
I am firmly committed as ever to the success of DNotes and continued to position DNotes as the trusted digital currency for everyone worldwide to participate. This is a long path forward for both DNotes and DNotes Global, Inc. We are actively pursuing a number of projects but still at an early stage. For consistency of our strategic directions it may be most helpful to refer to the last part of “The DNotes Story” as follows:
8. A Book for Small Business Owners and Startups
Alan has always been very passionate about helping struggling small business owners having lent his business expertise to many entrepreneurs in the capacity as a small business consultant for more than a decade. As a community, we are often inspired with respect for his business experience and strong leadership as reflected in the management of DNotes. Consequently, we have often encouraged him to write a book one day.
This book is a key foundation block to our ecosystem. It will serve as a launching pad for funding upcoming projects and further development. Equally important is the opportunity for DNotes to connect with small business owners and their employees. I believe that this book will be of great inspiration and help to entrepreneurs.
Furthermore, I trust that this book will also help to promote our CRISP for Retirement and Employee Incentive Benefit programs which will greatly benefit business owners and their employees. Additionally, this chapter will help spread the word and recognition about DNotes, piquing the interest of potential stakeholders. We are proud to have assisted Alan in an editing capacity and in the writing of the 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 owning 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 the 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 issue concerning 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.For full details: The DNotes Story – An Unfolding Big Bold Idea of Global Scale