Quote from: grandmama on September 25, 2015, 03:16:15 AM

Quote from: Dyna on September 25, 2015, 01:11:17 AM

Quote from: KristinaHD on September 24, 2015, 10:32:58 PM

Quote from: Dyna on September 24, 2015, 09:28:03 PM

Quote from: Bergman on September 24, 2015, 08:51:00 PM

Quote from: DNotes on September 24, 2015, 07:32:33 PM

Quote from: KristinaHD on September 24, 2015, 06:47:07 PM

http://dcebrief.com/taiwan-could-be-seeing-a-digital-currency-boom/

This article makes me question whether it would be possible for PayPal to accept digital currency? What would the pros and cons be? I can immediately knowledge that one downfall would be the involvement of a third party, and fees for those transactions. The positive thing would be that by accepting Bitcoin and DNotes, PayPal would encourage consumers to accept digital currency as a real currency.

It's absolutely possible for PayPal to accept digital currency, every vendor or money services company has all the tools needed to do so. PayPal would likely charge fees, but it would be up to the user whether they want the ease of use PayPal might provide or feel comfortable managing their own digital wallet. However, if PayPal does accept digital currency, and doesn't compete by lowering fees for digital currency transactions and making it easier to use, other companies will jump at the chance to acquire those customers PayPal would lose.

I appreciate that DNotes doesn't take an adversarial approach to big business. Most of the world will prefer the easiest options, even if it does cost some fee. They need crypto to stay in the game and relevant, and crypto needs them to reach the masses.

Thanks, Bergman. That is the correct observation. We are committed to being respectful to everyone. That may be one of the trade secrets why DNotes and its communities have been able to accomplish so much in such a short period of time. We are very focused in problem solving and "mind our own business", avoiding the destructive consequences of dramas that have ruined so many other cryptocurrencies.

Paypal, banks, debit and credit card companies are here to stay for a long time. They will be the gateways and conduits in many of our future financial services. We will compete fiercely based on our strengths in certain areas but must cooperate where we can find common grounds and mutual benefits in other areas. Constructive business philosophy is important to business success. We are sincerely committed to represent our industry in the best of light, helping to build much need trust and respect. What is good for our industry will be good for everyone. There has never been a better opportunity for common people with little means to join force in working together for the better good of mankind.

Bergman - I did not think about the fact that companies like PayPal need crypto to stay relevant. What an eye-opening statement

Kris, Bitcoin, DNotes or digital currency in general, and the Blockchain technology collectively will be causing a paradigm shift of seismic proportion that will be difficult to ignore.

Free market forces always weed out those who are too slow to response and adapt. The Internet technology revolution should an eye-opener for those who are not so sure what a disruptive technology could do. I trust that Paypal is well aware of that. Like many major banks, they will not just stay on the sideline and watch. They will participate in ways that serve their interest best.

Paypal will be forced to lower fees or they will be squished out by someone or some company that is willing to charge less. Companies who take credit cards, paypal, debit cards etc are tired of huge monthly fees just for accepting these are methods of payment. This is a HUGE cost for companies and specifically a huge cost to small businesses when the business volumn may not be large enough to get the "big company" volumn discounts. Larger companies who can negociate large discounts because of volumn are at an advantage over small businesses who pay a higher price for accepting credit cards, simply because they do not have the volumn. When a credit card processor approaches a business they ask "What is your volumn of sales per year?". I ask what does that matter? If you don't do enough and are too small you are accessed a higher rate. Which in turn penalizes small business. Who employs the most workers.... small business. That is why I have stated before the credit card companies and banks are making out like fat rats and they are doing it electronically, which is basically all automatic. And yes I know a person has to take care of the electronic portion of this. The credit card companies employ "customer service people" not people to transfer money around from the consumers account to the businesses account when a purchase is made. We all have had the customer service rep that we cannot understand as well. They are paying them peanuts. As you can tell this is something that is personal as I see money snatched from my account each month for providing a service to "their" client. Isn't that something, they sell the service to the consumer, the use of a credit card, then sell the service to me to accept that card, then charge my business for their customer using their service and if the consumer does not pay on time they charge them interest and a late fee. They have got it made and have sold each of us on the idea. Just think if crypto currency takes off... oh how I look forward to that day. By the way my business accepts Bitcoin and DNotes as method of payment and for any small business out there I suggest they get with it and begin accepting it as well. Just think if even at the beginning it is 5 to 10 percent who utilize digital currency and it grows from there. The credit card thieves would feel the pinch. Another problem is the consumer does not have any idea (most generally) that the business gets charged for them to use that card. To the consumer it is free. Cannot wait until the day that most pay with digital currency.

Thanks, Grandmama. The fact of the matter is, a very large number of business owners struggled just to survive and to stay in business, in fear of not being able to find a job if they close down their business. They are also concerned, as often the case, that many family members and friends who worked for them would loose their jobs too.

Credit cards fees, high charge-backs, and very high credit card interest (up to 30%) are significant operating expenses of small businesses. When survival is at stake, with no better options available, no matter how frustrating, one accepts what is available to stay in business.

Small businesses in America and around the world need help in the form of alternatives that offer other form of payment options that are far less costly to conduct business. DNotes is committed to be that available options. We want to do even more and are genuinely concerned about their underfunded retirement. CRISP For Retirement and CRISP Employee Incentive Benefits are designed for small business owners and their employees. Working with small business owners, including women small business, will soon be our area of focus.