Post
Topic
Board Announcements (Altcoins)
Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World
by
TimMarsh
on 15/06/2017, 04:11:33 UTC
The Flippening: Are DNotes Ready?

I've been reading the CoinDesk Q1 Report and the related article on 'The Flippening', the point where Bitcoin is superseded by another cryptocurrency.
http://www.coindesk.com/flippening-will-ether-pass-bitcoin-will-mean/

A number of qualities come together to indicate dominance, such as: Market capitalization, transactions(24H), trading volume(24H), mining reward(24H), nodes, and Google trends. At the moment, Ethereum is beating Bitcoin in all categories but capitalization and trends. This combined with ambivalent attitudes towards Bitcoin's future functionality make The Flippening not only feasible, but approaching fast.

Of course the cryptocurrency to bump Bitcoin out of the top spot will gain a chunk of Bitcoin's market share, as people wake up to the fact that substance and technical agility are worth more than having been the first to market. But along with this shift will come a spike in price that many will recognize as a bubble.

So it is reasonable to assume that during The Flippening, the price of BTC will drop dramatically, causing more of an exodus to other cryptocurrencies which are not spiking or in a bubble. But there will also be a huge sense of urgency because as BTC drops, they'll want to get out fast and shift their value to other alt-coin. With this transition, worthy options will also be rising quickly in price. This will mean that a decision will have to be made really quickly to avoid transition loss.

For DNotes to increase its market share during this period it will need to have a dedicated portal aimed at people who really know the industry. This portal should have everything needed to make the decision and act, at their fingertips with no distractions. This would include real-time price, transaction fee, transaction time. As well as links to recommended exchanges and their stats.

Bitcoin has brought cryptocurrency into the spotlight of mainstream news, and I'm sure The Flippening will be a big story. Having a solid, comprehensive, and well explained press release to offer information hungry outlets during this rush period will also be important.

So of course I'm wondering how prepared DNotes are for this event.