Post
Topic
Board Announcements (Altcoins)
Merits 25 from 1 user
Re: DNotes 2.0 - Bridging the Gap Between the Centralized and Decentralized World
by
Denver Dan
on 06/02/2018, 19:57:12 UTC
⭐ Merited by DNotes (25)
If anyone had a chance to watch the CFTC/SEC hearing today in Washington, I'd be curious to hear your opinion.  In my opinion, this hearing in general was positive for the future of cypto currencies.  While still pretty vague in many aspects, there appears to be support for moving this technology forward.  A majority of the concern was with scams and "unregulated" ICO's.  While I couldn't agree more, I doubt many of these are in their jurisdiction.  My hope, as time goes on, we'll see a self regulating body come to the surface.  These blockchains are world wide, and obviously no one country can govern this space.  

One of the points made, was how not one ICO has come to the SEC for their approval.  I can only imagine the hurdles that must be jumped over to even get this far.  I know the DNotes team has at some level, looked at this avenue in the past.  Can you share your thoughts on what it would take to be the "first" company to apply for this ICO approval, and possibly why DNotes has chosen not to take this road?  We see the many benefits of the Reg A+, title IV, tier II, mini IPO offering, however this approval process is expensive and time consuming.  Could the application for an ICO, through the SEC/CFTC achieve the same results, and less headache perhaps, as what is trying to be achieved through the Reg A+, title IV, tier II, mini IPO offering?  

While this would not offer DNotes Global Inc. the exposure to the OTC, and traditional market participation, could this be an alternative for future funding while gaining notoriety for being the "first" ICO application?  Could it also cut down on the burdensome expenses, audits and compliance hurdles?  What about a relationship with potential banking partnerships needed to move forward in the future?  ie future exchange, on/off ramp.  (Pretty sure I know the answers to last couple questions)

To take this a little further, as crypto currencies become more excepted and banks possibly feeling threatened and auditors not necessarily willing to risk their name on the dotted line, how could this effect DNotes Global Inc.'s ability to be/stay in compliance?  Could an legitimate ICO eliminate this?  (Is that an oxymoron?)  Something tells me any path taken here in the U.S., will have nothing but red tape and hurdles.

I believe 100% DNotes is taking the right path, but my hope is third parties wont make it too difficult to achieve a third party-less system.