Re: [ANN][NOTE]DNotes - CRISP for Students launched!

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The failure of crypto communities to shunt their coins from the speculative-currency phase to the transactional-volume phase has been a tragedy

To be fair, it's because crypto in general is:

1. Almost impossible to understand and use for anyone that isn't a techie;
2. Accepted basically nowhere without cumbersome third party intervention;
3. Too volatile to be used as a store of value;
4. Uninsured against theft or loss;
5. Not sufficiently superior to established systems at anything other than a) instantaneous international transfer (not useful in 99.9% of transactions to everyday folk), b) low-fee transfer of huge volumes of wealth (not useful to 99.9% of everyday folk; also see point 3 above).

Right now crypto is a very poorly implemented solution looking for a problem to solve for everyday people. Until that happens (if ever) it will remain a niche speculative interest.

"Too volatile to be used as a store of value" - In an eight month period in the past year, the Canadian dollar fell 16% against the US dollar. The US is Canada's biggest trading partner and while the drop may benefit some, it will hurt anyone who's investments were tied to the Canadian dollar. So called safe investments such as bonds, term deposits, and cash, just saw their purchasing power diminish substantially. DNotes has had some ups and downs, like any new investment starting out, but as a long term store of value, to date it has been the best I have ever seen. I stand by my previous prediction that DNotes will be the best performing investment of the decade!

"Uninsured against theft or loss" - DNotes has done what no other currency has by offering a guarantee fund for all deposits at DNotes Vault. Their policy "do what others can't or won't" will be key to DNotes success.

Quote from: Mochilles on April 28, 2015, 08:43:58 AM

Pushing the listing of the coin on a major exchange will do a thousand times more for usage and interest than any marketing campaign, than any development work, than any linkedin posts..

The push for the exchanges is what every other coin has done, but none of them have made the effort to reach outside of the current crypto community where true success lies.

Swiss Franc 22% change in one day against the US. Ruble in russia crash lost like 50% of it's value in matter of days. Government backed currencies are only *more* stable, and that is only due to the massive liquidity involved.

It is extremely important that we remember, DNotes is not yet the solution to the financial problems and challenges confronting so many nations and their citizens. We are working very hard to position DNotes as a viable alternative to help alleviate their hardship in a meaning way. "Our pursuit of the noble mission must always be built upon trust and integrity, genuinely appealing to the poor or the rich and not just the privileged few.

We are building a global medium of exchange and a dependable store of value that shall not perish at the mercy of a few individuals, institutions or nations. As long as we remained truthful to our commitments, without yielding to the inherent greed of mankind, DNotes will be the Digital Currency of the Future With Lasting Value".

Alan Yong
April 29, 2015

"It is extremely important that we remember, DNotes is not yet the solution to the financial problems and challenges confronting so many nations and their citizens."

It is a good idea to clarify this, as someone joining in without reading the entire conversation may miss the point being made. When the comment that crypto was "Too volatile to be used as a store of value", I simply pointed out that DNotes was a better store of value over the past year than the Canadian dollar. Canada has had a fairly stable economy and managed better than most through the last financial crisis, but it doesn't make it exempt from currency volatility. And as TeeGee pointed out with the Swiss Franc and Russian Ruble, massive swings in government currencies can happen in days.