Quote from: matatyau-cohen on September 24, 2015, 03:38:04 AM

But on the other hand such initiative/company must be ultra transparent on Bookkeeping toward the authorities - and because no borders and no nationality - toward any authority. the reason to such transparency is because this ultra new way of trading which any authority on globe will suspect it has a potential to an capital laundry. so this technic of new trade must be after deep thinking and even step by step with leading authorities such as USA and/or Europe. and more: if digital currencies seek acceptance from the authorities - maybe this is the best way to get it: by cooperation, i mean all authorities will be more open to accept the new tech of digital currency - when they have a great benefit out of this innovative field

Quote from: SmokeysGardens on September 24, 2015, 02:27:27 AM

Quote from: Dyna on September 24, 2015, 01:44:23 AM

Quote from: IMZ on September 23, 2015, 11:31:12 PM

Quote from: Dyna on September 23, 2015, 11:37:09 AM

Quote from: IMZ on September 23, 2015, 08:43:34 AM

"I will be real excited when they can have a direct link to customer's bank account . . . "

Oh, yeeeeeeh! a crypto-fiat portal is a big step forward.

And Cryptsy?

Crypto theory will take a stride forward when there is ready admission of three things that represent de facto centralisation:

One: exchanges being set up to gain and trade large quantities of currencies' coins -- Cryptsy

Two: the fact of whales' influence on markets

Three (lesser but very real): the fact that an established -- 'main' -- bitcointalk thread is controlled by its OP

Mark (IndiaMikeZulu), Australia

It's a little early yet, but perhaps one day we should post a wish list of what an ideal global digital currency exchange should be, if it is only subjected to a universal global set of rules. One registration and a single annual reporting with individual nation providing their guidelines on AML and consumer laws already in books.

Decentralised?

But our perfect exchange -- meaning no disrespect -- would be none. (Okay, one community-managed otc exchange to facilitate merchant volume -- we've trialled this.) IndiaMikeZulu would like to see the currencies pass from the speculative-trading-centric phase to the 'transactional volume'-centric phase.

(Now you understand the enthusiasm I expressed for Daylily Gardens.)

Mark, Western Australia (How's ya winter, campers? Did I mention . . . tee hee . . . it's blossom-scented spring here.)

Hang in there, Mark. At phase three of our strategic master plan, we intend to launch a company that does not have any traditional book keeping, as we know it today. If you want to be a one of our suppliers you must accept payment in DNotes or a limited number of digital currencies on our list. The same thing is true if you want to buy any of our products on line. This company will not accept credit or debit card. No cash or check either. No direct payment with any fiat currency. But we will accept DNotes multi-currency card issued by our own bank or partner banks as the payment will be in DNotes. Even all the shares of the company, be it private, or publicly traded, will take full advantage of the Blockchain technology, that will be recorded in the public ledger verifiable by anyone anytime. All transactions are decentralized taking full advantage of the Blockchain technology.

So are we there yet? Unfortunately, no, we still have a long way to go. We are at the tail end of phase one. We will be starting phase two at the beginning of 2016. A good amount of our vision will be revealed in our next press release.

There are many hidden benifits (and market advantages) for a company set up like this. No credit card fees. No Pay Pal fees. Huge savings in accounting (the blockchain is the bulk of the accounting dept). No bank fees. No employee thefts of funds. No cash on hand (safer work environment). The list will grow as uses for the blockchain grows.

Smokey

Mati, regulatory compliance will not be the concern. It is 100% transparent and there is no fiat currency changing hand at the point of payment or point of sales. Accounting software companies are already taking full advantage of the Blockchain technology to develop the next generation of software. As I mentioned earlier, the biggest challenge is building a trusted global digital for everyone, gaining mass acceptance. DNotes has been going the extra mile to make this happened.