Hey Alfaalfa!

It's great to see you commenting here. We also share your pain regarding the activity at the exchanges, we are all in this together. However, we are very confident in the future value of Note. We have had a very consistent message for some time that we are doing the right things to make sure we get the result we need. I will elaborate on a few things that I hope will alleviate some of your concerns.

Firstly, we have to accept that crypto markets are volatile at the moment. One of the main things we identified early on was that stability of the currency was paramount - the market as a whole is immature, and it can not afford for people to come in and get hurt, which results in them not coming back!!! We take a different approach. We tend to speak with a more conservative tone, trying to avoid empty speculative draws of interest until we have the 'goods' ready to go (this is prudential to avoid crashes in price as much as possible). We will have those goods ready to go in the near future - it is not too much longer for DNotes 2.0. I will elaborate further.


* Bitcoin prices have been hammered in the last few days - there are a variety of reasons for this. Coinbase infrastructural immaturity is one. This is an issue that DNotes Global will build and improve upon in the coming years as part of our core strategic components. Another component to this may have been the Federal Reserve interest rate announcements this week, which will often bring traders back into forex markets, and they remove their crypto liquidity to do so. I could reasonably expect traders of this type to move back into crypto as they close their forex positions (this is what I personally would do, and HAVE done in the past). I can not accurately predict the price movements of Bitcoin, but I can discuss the rationale and game theory that particular groups of actors may act by.

* The recent bill brought before the senate will have had a marked effect on the BTC price, and of course holders of other coins may have sold their alt-positions into BTC in order to move out into other 'less-risky' asset classes. One benefit of this however in the shorter term, is those funds will have potentially moved into the hands of those who are less likely to sell in the future (they have a higher propensity for risk). DNotes future is longer-term, and certain types of investors are more important to us than others - i.e. those who are happy to have their skin in the game.

* DNotes 2.0 will have marked difference in the availability of coins to be sold at market. Currently we are using Proof of Work, which as you may know means all the new coin distribution goes to the miners. Currently miners will put their ASIC or computers at the most profitable coin to mine at any time, and often they send their coins straight to the exchanges to be sold so they can pay for the expensive hardware they have purchased to mine. This is indicative of newly minted coins going into the hands of a group of actors that likely have much less of an interest in the long-term prospects of the coin. This is one reason we opted to move to Proof of Stake. When the DNotes 2.0 platform rolls out soon, the Proof of Stake component will mean that newly minted currency units will be paid to current holders of DNotes (2-4% depending on if you stake and use the CRISP, or just one of them), which means that the people who actually care about the future of the coin are awarded the new supply in the form of the mining reward, which is kind of like 'interest' in an illustrative sense. This move will negate the current (anywhere up to) ~36000 DNotes being sent to the markets every day by miners for sale, and give it in interest to current stakeholders. That means a massive reduction in sell side exchange activity (or ~1 million units per month reduction). I also estimate that this ~36000 newly minted supply daily of DNotes will reduce to ~6000 after the change, a not-so-insignificant differential in potential new supply that can be sold = less inflation and fewer new units available for sale.

* The fact that Proof-of-Stake awards newly minted coins to holders of the currency, the people who care about the currencies long-term future (and are less likely to sell), become the ones to get the new reward. Not only that, but being paid an effective 'interest' / staking reward incentivizes people to acquire DNotes, which means a larger demand to purchase them. Compounding interest on balances held can have a very significant effect on the well-being of our stakeholders. We are primarily volunteer development employees of our stakeholders, and not 'flaky' miners

In short, while there is nothing that can be done regarding the Bitcoin markets at our end, improving the way our economy rewards its participants has been at the forefront of our mind.  In the coming couple of months we foresee a drying up of coins available for sale as coins shift from short-term owners (miners) to long term holders / investors, and the scale skewed towards holding more DNotes as holders will make profit just for holding DNotes themselves. This equates to more people buying, and much lower incentive to sell. We believe in free-markets, and let the cards fall as they may, however if true value is built into a network, this value will be reflected in the value of a project over time. This value is what we are focusing on building for our community, and as a result we know the price will take care of itself (and we all know how quickly it CAN happen).

I hope this may give you some peace of mind, as it does us. Crypto markets can be tough, but over the long-term - should you invest with the right people (which I believe you most definitely have), then I think it can work out very well for everybody involved.

*** Side note, the new CRISP program that will pay 2% annualized interest from the mining reward (on all balances held there for 30 days or more to encourage saving) will become the replacement for some of the current CRISP programs (including retirement).