Post
Topic
Board Announcements (Altcoins)
Re: DNotes 2.0 - 4/2/2018 Now Live
by
DCEBrief
on 10/07/2018, 21:11:29 UTC
I'm really looking forward to the next releases of the invoicing scripts that are in the works! I find the current solution rather impressive. There is simply no other solution to date that I have seen (and I've googled) that completely disintermediates payment processing to just buyer and seller. The only alternative to using middlemen is to run your own bitcoin wallet as a server, that requires technical skills, security skills, and additional cost and complexity that just wouldn't be feasible for small business. In every other shopping cart instance that exists. creating invoices, receive payment, and distribute goods online requires the complicated setup of you own server, and at a minimum one third-party middleman who takes their fee.

DNotes' solution does away with all of this, creating one of the first true "killer apps" for cryptocurrency in the blockchain-sphere. Bitcoin evolved ledgers to solve the double-spend problem to make decentralized payments possible. DNotes is actively making that technology useful for mainstream adoption.

And to think Joe was bouncing ideas with me some three-or-so years ago for this particular concept, before it was announced mid 2017 as a feature of DNotes 2.0. Now the first experimental versions are releasing, with a range of other shopping cart integrations.


Agreed Tim, well said. Running your own server just for the daemon / wallet to run and manage transactions is simply not a viable solution for the majority of people who want to sell products. If we want to truly be an inclusive digital currency for the benefit of everyone, we need to come up with solutions for everyone to be able transact between two parties.

That is exactly what we are doing, we are providing solutions from the ground up, rather than form the top down. This is what makes DNotes and DNotes Global, Inc. concept so amazing. It is actually beneficial for DNotes Global to act in the benefit of the majority of people, rather than just the ones with the money. What's good for DNotes is good for DNotes Global, and vice versa.

This is exciting news!!!! Other than reading about it here how will the public learn that we are the first to do this? Others might find out and make it happen quickly with their organization and say they were the first to have it working. Then DNotes is second. Just asking how is going to be advertised?

Great question.

As Joe notes below, the effort to tell the world about DNotes Pay is already underway. With that said, though, there's nothing to prevent others from copying the idea. In fact, I would be surprised if that doesn't happen, since it happens pretty much everywhere you look in the marketplace. There's a reason that we have so many different types of soda, cars, toilet paper, potato chips, and so many of the other products that we find in our supermarkets and retail stores. Someone comes up with a great idea, and others follow along and imitate it. I fully expect one or more projects to move to create a similar payment system. It's almost impossible to fully protect ideas once they're out of your head and into the public square.

The thing is, though, that DNotes Pay is part of a broader ecosystem that others will struggle to replicate. Few would even want to attempt the feat. And without that ecosystem, it doesn't really matter if someone else tries to say that they were first. What matters is what they are able to accomplish with the idea. Unless they have a strategy to effectively push toward mass adoption, they're not likely to make much of an impact.

Of course, this is an issue that is likely to come into play in the months and years to come, as DNotes Global continues to innovate and release additional products and services. There will always be imitators.