That's great news to see the bill progress further. I've been following it since I heard about it. DNotes Global is incorporated in the state of Delaware. As stated, it will make the swapping of assets much easier, faster, and cheaper and make blockchain equity platforms more attractive with the first state backing it. DNotes Global is incorporated in Delaware.
Thank you, alaalfa, for bringing this to our attention. This is very significant. Delaware is taking the lead but one day all the remaining states will follow, including Illinois. DNotes Global, Inc is incorporated in the state of Delaware and operating its registered business in the state of Illinois. It has limited transactions and business activities at this point but that will change in the future. The path we a chosen is consistent with our vision and the likely path of state and federal regulatory registry, reporting, and licensing requirements as the industry becomes increasingly matured.
Personally, I am concerned about the reckless conducts of our industry as a whole, especially, with regards to the rampant speculative ICOs often with little to zero underlining value. I am fearful that many investors will see substantial losses in their investment with no recourse or hope that what they invested will be worth anything one day. We are already seeing a "blood-bath" that could be quite painful. And regulators will have no choice but take corrective actions to protect consumers investors.
This is a very predictable out-come and a thinning-out process, just like what happened to other emerging technology eras, including PC and dot com. Only a few survived but most vanished. DNotes will survive the test of time. Sadly, most investors in our industry don't seem to do enough home-work to separate fluff from substance. Despite significant added value in DNotes 2.0 development and other areas the value of DNotes has dropped by 75% from its high. It has been under-valued to begin with. I am in accumulation mode.
Do you think that that time of "cleaning" is already here? What about the August 1st? Will you keep your funds on poloniex? Sad story about this blood bath. I am in accumulation mode too, switching from coins that remained more stable to DNotes and Eth.
I think it is tough to tell, given that that investors in projects generally don't keep their funds on exchanges, and even less so on the sell side of the order book. The bulk of current 'prices' will be set by speculators who buy with the intent of selling later on, hoping to make bank on investor contributions to a project, and other speculators pumping the price up doing the same thing after them. Of course, given the nature of every market seemingly dropping at once, I would suspect there are a significant number of whales heavily invested across many, many markets, and perhaps when conditions are more favorable in other markets in their locality (or when they have made enough money), they begin withdrawing as they can - causing a sell off with it as bots begin to execute orders, and many others begin to sell their positions.
The value, and the price of a coin are two very different things in the crypto realm. If a coin goes up in price by 5 fold in a month pr loses a similar gain, it's value may still be exactly the same - there is just an expectation that over time, the price will mirror a crypto's true value - which is what our focus is on building. It appears no crypto is immune from these market pump and dumps, regardless of market segmentation strategy. That said, the more people who are burned by a currency, the fewer chances that currency will likely have at those customers returning. Having the real value maximized by a currency when the market is ready for real investor growth will mean more reliable price appreciation to reflect that value. We would hope that time is coming soon, to align with our plan to rapidly scale. That said, a true first cryptocurrency with an intrinsic, investor grade value could influence that market to rise in this fashion, and speed up the thinning out process. As everybody probably knows in the business world - superior products lead to more consumers, investment, and switching from rivals.
The upside in all of this, is that many currencies are now valued at less than they were - which makes for a great opportunity for investors. Volatility is expected in this industry, and this latest 'blood bath' should illustrate our point better than ever that a successful currency requires investment-grade status and intrinsic value. Time will tell whether pandering to short-term speculators and empty PR, or time-tested & winning business strategies is the better approach.