Quote from: Chase on June 08, 2017, 04:30:45 PM

Quote from: kurbeks on June 08, 2017, 04:10:17 PM

Nice price increase. Btw when is switch to PoS planned?

Hi kurbeks. The following is a quote from Dyna regarding the timeline in switching to POS.

Quote from: Dyna on June 06, 2017, 03:44:51 PM

Quote from: FogHorn_LegHorn on June 06, 2017, 11:17:13 AM

When will the transition to POS begin? I am very excited to stake my DNotes.

Thanks for asking this important question, FogHorn_LegHorn. We want to have plenty of time to get the word out so that no DNotes stakeholder will be left out. Other steps will be taken to ensure that even those who missed the coin conversion will not loose their DNotes. It does get complicated and we like to keep that to the absolute minimum. That being said, 3 months ETA is reasonable. We will update our community as we get closer to a firm date.

Our second objective is to give new investors time to acquire DNotes at a reasonable price. We are still a mine-able Proof of Work (POW) coin. Most miners mine and liquidate to pay for their fixed expenses for their costly mining operations; causing an increase in the supply side. Once we switched over to become a Proof of Stake (POS) coin with an reasonable rate of return we expect the supply side to shrink and the demand side to increase. We will likely see DNotes more fairly valued. At this point, DNotes is yet to be discovered and understood because it is positioned very differently. To us, it is most important to do the right things that we believe will benefit everyone over the long term.

We share your excitement and appreciate your interest to support our network by participating in staking DNotes.

Thanx Chase!