This post will be dedicated to maintaining a systematic list of items important to the future of DNotes. Alan's list of issues slowing mass acceptance of cryptocurrency inspired the idea. When you come across something or have an idea to be added, please quote this post and I will keep it updated. Hopefully I can keep all items in order of importance, if you feel something should be moved up or down the list, please state your argument.
What technologies are most important to the future and success of DNotes?
Cloud storage of the blockchain. Wallets sync with cloud instantly and no lag time at startup. This is a centralized item, however, but would be of great benefit. Instant syncing, instant sending, etc.
What major issues with the existing financial system can DNotes solve?
Instant transfers of money. We all know about the float time a bank has with checks, etc. This is archaic and has to be eliminated. This is a time of speed and now and this float time of days to transfer money has to be replaced. Also fees on these bank transfers, etc. are also a major hindrance.
What services are most important to the future and success of DNotes?
Accessibility, easy of use, fiat to DNotes website, and CLEARLY outlining benefits, programs, future of DNotes.
What major obstacles does DNotes face to achieve success?
Mainstream media negativity of any cryptocurrency in general. This will be the biggest hurdle in my opinion. Once this has been overcome, in a few years, we will all see the benefits as people realize/wake up to the potential that cryptocurrency has in store for the world. AND DNotes WILL pave the way for us ALL!
What technologies are most important to the future and success of DNotes?
Cloud storage of the blockchain. Wallets sync with cloud instantly and no lag time at startup. This is a centralized item, however, but would be of great benefit. Instant syncing, instant sending, etc.
What major issues with the existing financial system can DNotes solve?
Instant transfers of money. We all know about the float time a bank has with checks, etc. This is archaic and has to be eliminated. This is a time of speed and now and this float time of days to transfer money has to be replaced. Also fees on these bank transfers, etc. are also a major hindrance.
What services are most important to the future and success of DNotes?
Accessibility, easy of use, fiat to DNotes website, and CLEARLY outlining benefits, programs, future of DNotes.
What major obstacles does DNotes face to achieve success?
Mainstream media negativity of any cryptocurrency in general. This will be the biggest hurdle in my opinion. Once this has been overcome, in a few years, we will all see the benefits as people realize/wake up to the potential that cryptocurrency has in store for the world. AND DNotes WILL pave the way for us ALL!
Soapbox mode: ON
Mainstream media negativity is, in my humble opinion, the biggest obstacle. The media these days only focuses on sensational actions and illegal activity. Headlines need to be bad and damaging to catch attention, in their mind anyway. We are all fed up with this though not many of us are doing anything about it. I propose a "Crypro Coin Media Watchguard" group specifically dedicated to searching for negative news and providing a counterpoint to each article. In truth, most headlines and stories about our industry have many mistakes and suppositions to the point of being totally inaccurate. Even outlets that claim to be dedicated to Bitcoin are publishing garbage for ratings.
There is no editorial oversite, very rarely a correction when called out and writers who are still clueless being praised for their "investigative journalism". It's a mess and we will be held back until we do something about it.
Yes, I know there is the "Bitcoin Foundation". What a joke that is. They can't decide whether to use the boys or girls bathroom without a vote and 4 weeks of discussion. That is not the answer. We, as an industry, need to act swiftly and with great precision in putting out all the little fires before they burn down the house.
Soap box mode: OFF
Yes, I know there is the "Bitcoin Foundation". What a joke that is. They can't decide whether to use the boys or girls bathroom without a vote and 4 weeks of discussion.
When the Bitcoin Foundation announced in the fall that they were no longer going to be working on public policy and educational outreach, but rather focusing solely on core development, I remember thinking that was probably the worst step in the wrong direction.
I agree with everything else you said - a Media Watchguard is badly needed!
Mainstream media negativity has certainly been damaging to the industry, hence one of the biggest obstacles to early acceptance of cryptocurrencies. The second major obstacle is the costly burdensome registration, reporting and licensing requirements, as well as the lack of regulatory guidance.
Now that we have unloaded some of our frustrations on the mainstream media, how can we turn them around and get more of them to be our friends?
I can tell you how I did it when I was with Dauphin Technology in the early 1990s. I treated them with great respects and appreciation and never failed to return a single phone call. We were in the news practically every day for a number of years. I even heard of complaint from a major competitor saying, Dauphin is a very small ($25 million) company, they are getting an unfair share on media attention. We will be nice to the mainstream media. May be the same thing can happen to DNotes.
You are right, as much fun as it is venting, it's not very productive. The media thrives and survives on attention and it doesn't matter whether it is good or bad. A lot of stories have a comment section, if the story is good and accurate (no sensationalism), we could praise the author and pass their story around. If there are a lot of questionable facts - I don't know if it is better to politely correct them, or ignore them???
If the "facts" are questionable, or wrong, we should NOT ignore, we should offer the correct version. Yes, I'm venting, I'm sick of reading bad press from so called "Bitcoin" friendly outlets. I agree that the best way to deal with it is to turn them into friends and allies. When I was in the Internet Access business, we provided free connections to local radio stations and a newspaper or two in return for advertising. A side benefit was that these people would check with us prior to running stories that may have directly affected our operations which allowed us to provide our view or counterpoint. Worked well then, not sure how it would work now, much bigger scale involved.
This is how we could be most helpful. Let us try to come up with some positive Headlines that will emphasize the advantages of Digital Currency. Subject areas the industry and the media may have missed:
Bitcoin Alternative DNotes May Provide The Comfort Mainstream Media Needed, if one year of Consistent Stability with Solid Appreciation can Restore their Confidence.
With that we can write a few 700 word articles and distribute them to the mainstream media. We need positive, consistent, and accurate messaging throughout our industry reaching the mainstream media. The mood of our industry has been negatively affected by false narratives. It needs a positive boost.
Our industry needs the positive attention and I think Alan is right, we aren't going to change the media and the direction of their stories by challenging them only by getting them on our side. Stories can be sensationally positive, as well as sensationally negative. If a story is bad they make it horrific, and if it's good it's heaven sent, that's just how news sells. We need to focus on the positive and gain their respect and support.
That title is a great start, let's come up with more.
This could be a lot of fun!
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