Hey team,
New to the forum, but have been aware of Dnotes since the start of 2015. At the time i was studying in Wellington and happened to randomly meet Tim one day. I overheard him talking about the future of money, blockchain, crypto coins etc. and was also paying close attention to the price of BTC, as i was sitting on 30 BTC i bought for $400 NZD a year or so before. 99% of people wouldn't have had a clue about what we were talking about, about 50% of them still wouldn't. I started talking to Tim about DNotes, and got to hear all about the CRISP programme, the vision DNotes had, and work they were doing around this. 2 1/2 years later, i'm still investing, and it is really great to see how far your company has come. A large group of my friends are all into trading on Poloniex, and DNotes and it's clear Dnotes are definitely worth holding on to. I'm looking forward to hearing what DNOTES 2.0 has in store for us, until then, cheers for the hard work - those beers are well deserved!
You sir, are a smart, smart man. Allow me a little leeway and meandering a bit to explain exactly why.
Sadly, many (almost all) friends and acquaintances of mine have not heeded my pleas for them to "get some skin in the game." But I can understand why. Our national impulses are towards stasis. We literally hate losses WAY more than equivalent gains. Losing hurts way more than similar winning. I was a shitty hedge fund trader because I get too emotional about my investments. Most people do, which is why probabilistically structured zero-sum games like day-trading and poker are profitable in the long-term for only 5% of people.
I was tutored by a luminary in the poker game back in the day on how to apply the Nash Equilibrium to single table tournament poker (and with a little finesse, multi-table tourneys). That's great. But lots of people (relatively speaking) can understand that stuff. That didn't make a player special, or especially profitable.
Here's why, by way of example: I was the chipleader going into the final table of a 22,000 person tournament with life-changing top three money, and had just outplayed and eliminated the #1 ranked online player in the world a few moments back to amass a lot of chips. I was locked in and playing some of the best cards of my life. And then I outplayed players in 2 different hands right after the final table started, to get them to commit all their chips to the middle when 80-90% underdogs. I got horribly horribly unlucky in both spots and crashed out in 9th for ok money. That's poker. There is a certain class of people who are rare, who can literally play their next hand with completely optimal rationality. Me? I went on tilt and played like a tool at large stake cash games and lost the lion's share of my profit.
The point? I am not slating my friends for not being fast followers of my altcoin strategies. But I wish more would. Because they would, right now, be able to pay off their mortgages with altcoin gains if they listened to me. But they didn't. And most won't until all of this is mainstream.
So coming back around to my first statement: good on you for taking the leap.
And I deeply, existentially mean that.I'm big into philosophy. I actually named by firstborn son, Soren, after my hero Kierkegaard. He once wrote in the Concluding Unscientific Postscript:
What if, rather than speaking or dreaming of an absolute beginning, we speak of a leap? At some point in the human experience, all the reason in the world doesn't matter. Because we aren't reasonable beings. In fact the entire field of economics is based off of creating this idealized version of man, the "homo economicus" who makes totally rational decisions all of the time. (side note: this harvard white paper is one of the best things I've ever read about the upcoming AI revolution. AI literally perfects extant economic theory:
https://dash.harvard.edu/bitstream/handle/1/25622971/_aiEcon.pdfWe use reason as a fundamental tool, and far, far better than any other species, to be sure. But as Einstein said
The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.And so, given all of modernity weighing itself upon you: to truly, intuitively take on board a given point of view back before it had much rational merit in terms of popularity.....you deserve an absurd amount of credit.
I find myself in complete agreement MiningHabit.
Once upon a time I posted the following video in our old forum, that I highly recommend people watch:
In it, a lone man begins dancing at a festival, looking somewhat ridiculous among his peers. For a time he is alone, before more people gradually begin following. Eventually a tipping point is realized, and sheep mentality dictates to the human psyche that it is better to be involved in the next big thing, once it is already becoming the next big thing - because everybody is already getting involved in it.
Crypto has reached this stage. And from my observation, DNotes has too. People have begun to see the value inherent in our ecosystem, and the future earning potential DNotes as a currency holds with the backing of a profit-generating company funding its development, and sustaining its value. Right now, it is becoming preferred for everybody to get involved because everybody else has already made it clear that is the 'next big thing'. This decision was not rational in nature, or they would have come in when the value was logically obvious. The decision was made when everybody else finally caught on to the value, i.e. everybody else decided for them what they would bother to look into. When they did look into crypto they saw the value, and are left kicking themselves as to why they didn't join in sooner.
The good news? Well, it is still early days. This is still a ground-floor investment. We have a long way to go, and there are many more people still to join.