Quote from: TeeGee on September 07, 2017, 03:41:54 AM

The things I like the most about POS:

1. It lowers the barrier to entry for getting a share of the newly minted currency. In Proof-Of-Work systems, miners spend a lot of money in electricity and expensive computer hardware to get the newly minted currency from the block reward. This means the existing supply is inflated, which slowly devalues the existing money supply, while miners frequently immediately sell their mined coins to pay for their fixed and variable costs in hardware / electricity, which puts downward pressure on the price at the exchanges. Investors that run a Proof-Of-Stake node cannot have the value of their holding slowly inflated away as it does in Proof-Of-Work systems, because their holding as a percentage of the total coin supply can not drop, and can in fact grow, from the share earned from other users that chose not to run a POS node.

POW = investors subject to inflation and downwards price pressure from miners, POS = Less downward price pressure, investors that run nodes not subject to inflation, and instead portfolio value grows. The more people that don't run a node, the larger the share of the block reward shared with investors that do run nodes.

2. The ease, profitability, and near-costless feature of running a Proof-Of-Stake node compared to Proof-Of-Work promotes decentralization and strengthens the security of the network.

Very well said, TeeGee. We are certain that DNotes has made the right decision to switch over from POW to POS. More importantly, we like to see that all of our long-term stakeholders are well rewarded with ease of participation. There are three different rewards amounting to about 8% per year: a) 2% for account balance paid every 30 days, b) 4% for account balance paid every 365 days, and 2% staking reward for participating stakeholders. Once fully implemented, DNotes will be very attractive for long-term savers and ideal for what CRISPs are meant to accomplish. We intent to heavily promote long-term savings for retirement, education, and other needs.

The challenge today for less tech-savvy stakeholders is that participating in POS staking network is often a struggle and very frustrating. We want to change that and make it real easy. Our team has been working hard on these and other features that will make DNotes 2.0 best positioned to accommodate our road-map going forward. There is a lot to be accomplished in a short time. I am getting early indications that our team will need more time. Target date for completion in software development is often difficult to predict since there are always unknowns and trade-offs. In any case, we should have a better reading in a week and I will give you further guidance as soon as I know.