Quote from: TimMarsh on December 28, 2017, 04:21:28 AM

Quote from: Dyna on December 28, 2017, 02:00:35 AM

The SEC takes issue when someone pre-mined an amount and sell them for money without SEC registration or exemption.

My relentless commitment to help DNotes succeed by doing the right things is to ensure that DNotes can benefit a lot of people who do not have the means to participate in investments that are designed for accredited investors. So, we share a lot of investment sentiments in favor of the small investors.

Does this mean that DNotes Global Inc. would be seen as breaking SEC regulations if it ever sold any of the potentially postmined 10,000,000 DNotes2.0 being considered?

Quote from: Dyna on December 07, 2017, 03:03:41 PM

Now, to answer your question, based on our current thoughts (subject to change), at the launch of DNotes 2.0 an amount equal to the then current supply of DNotes plus 10,000,000 additional Notes will be mined for the 1:1 coin swap.

Wiser, I completely agree with you and would love to see a 1:1 spend on financial education : financial regulation.

I believe that more proactive and consistent enforcement of existing laws would also solve a lot of the problems. When an ICO posts a whitepaper that claims it has a team of 10 programmers with a combined 100 years of experience. I'd like to see some complaint against them when it all falls over taken seriously and an investigation into the real number of year's experience of the programming team. If it doesn't match the information in the white paper, jail the participants for fraud. If a whitepaper claims they've completed the working software and they're running the ICO for marketing funds, then it turns out that they don't have working software, jail them for fraud. Not so hard and no new laws required. Same goes for creating or falsely embellishing identities.

And finally, I don't see why filling out forms to provide concise information about your organisation or ICO should incur an expensive fee. Maybe they should offer a two tier system. Tier 1 would gather and publish information after verifying it was signed by an identified responsible party. Then tier 2 could charge a fee for having their claims checked by the SEC and marked as verified. Investors could then decide on the risk they are willing to accept.

"Does this mean that DNotes Global Inc. would be seen as breaking SEC regulations if it ever sold any of the potentially postmined 10,000,000 DNotes2.0 being considered?"

That is a valid question. If we use the 10,000,000 DNotes as a token sale to raise money for DNotes Global before being qualified by the SEC as registered or exempted that would be illegal under U.S. security laws. I would not be surprised that we need to file a disclosure statement with the SEC in the future if we intent to sell any of the DNotes.