I also like how the Dnote team is not trying to replace fiat, but is trying to augment it. I see so many posts on other forums from crypto purists that want nothing to do with government regulations, taxes or fiat, but that is simply not practical. With innovation comes regulation. The best way to game the system, is to understand the system, play by the rules and always be a step ahead of the competition.
Those are my deep thoughts for the day. Raining pretty hard here in Hakuba so I am taking time to catch up on posts. Cheers all!
That's a great point, and one worth repeating. The DNotes team has had the foresight to recognize that the most immediate benefit that digital currency can provide to the world is as a supplemental currency. Billions of people around the world need something better than existing fiat currencies can offer. They need something better than the existing financial industry wants to offer. They need real financial empowerment and an inclusive supplemental currency that can help them make their lives and their communities better.
No digital currency is going to quickly (or even slowly) achieve any of those goals by repeatedly butting heads with the current system. Regulation is a fact of life for businesses, with the only question being how much or how little regulation each industry endures. Those who want to ignore that reality and pretend as though they can create a new system without complying with laws, rules, and standards are destined to be disappointed.
Fortunately, DNotes is a different kind of digital currency, with a different kind of vision, and a different approach to regulation and fulfilling cryptocurrency's true promise. In the end, that will be why DNotes succeeds while others fall by the wayside.