Quote from: DNotes on June 22, 2019, 12:08:59 PM

Quote from: AlCamus on June 22, 2019, 08:14:14 AM

I guess all of you recognized the discussions about Facebook's Libra. Andreas M. Antonopoulos answers clearly how Libra relates to Bitcoin (https://www.youtube.com/watch?v=OjTQAkem-VU)

He states, [] fundamentally, the thing to understand here is what Facebook or any other company like Facebook is proposing is not a cryptocurrency. It doesn't have any of the fundamental characteristics of cryptocurrencies. It doesn't stand on the five pillars of open blockchains. [...] A open public cryptocurrency is open, public, neutral, borderless, and censorship resistant. And all these characteristics stem from decentralization of control. Anything created by a centralized organization that can be identified and exists in a specific jurisdiction that is subject to specific laws cant achieve any of these five pillars. And the reason they can not achieve is because the law prevents them from doing so. [].

I thought about DNotes Global, Inc. approach: "DNotes is a blockchain-powered digital currency and payment system [...] While others in the cryptocurrency space have focused on niche markets and highly-targeted use cases, DNotes has been singularly focused on one overriding goal: to become a truly global supplemental digital currency that can offer increased financial inclusion and empowerment to everyone around the world. [...]"

I see a lot of potential in DNotes, as your whitepaper is full of magnificent ideas (https://dnotesglobal.com/white-paper/). There would be even more potential, if DNotes would be active in social media marketing, spreading the word about achievements and next goals. Lately it seems, it is all about creating content for https://nextgenhero.io/, what would be really great, if DNotes would offer their experience with 'fully compliant Reg D 506 (c) crowdfunding' as a service. Monthly reports about progress would be also great.

My questions:

If DNotes would be confronted with the statement, that it is not a true cryptocurrency and so will never has a chance to reach mass adaption, what would be your answer?
Is DNotes going to focus on the niche of women entrepreneurship in the next years? What transparency could DNotes holders expect here from DNotes Global, Inc.?

Hi AlCamus, thank you for the well thought out and respectful questions.

"If DNotes would be confronted with the statement, that it is not a true cryptocurrency and so will never has a chance to reach mass adaption, what would be your answer?"

DNotes the currency is, in Andreas words, "open, public, neutral, borderless, and censorship resistant". Once we begin to reach mass adoption, and grow beyond the 'setup' phase, the fate of the currency will be largely outside of our control and has been setup that way, similarly to bitcoin. The rules that the blockchain follows are embedded in the blockchain and only the only way to change is with network consent.

Our vision is to have a decentralized currency, where the important decentralized aspects of the currency remain in tact. Those include things like the reliable and consistent creation of newly created coins, decentralized distribution of those coins, the decentralized security and verification on the decentralized network. With the inclusion of an external company that has significant self interest in the currency to handles the centralized aspects - things like driving innovation, infrastructure, adoption, stability, models for use, as well as maintenance and market support.

Imagine one day in the distant future where DNotes has a large following, DNotes Global proposes a change to the rules of the blockchain and a large number of DNotes users disagrees with the rule change. A number of things could happen, but most likely a fork would happen. Some users will upgrade and others will not resulting in two chains. A DNotes Global supported chain and one not supported by DNotes Global. That is what makes the currency itself open, public, borderless, and censorship resistant.

It's also not likely, with a vested interest in the currency, and the entire ecosystem built around DNotes, that the company would move forward with such a change that the majority disagrees with, but again it is possible. It has been built in such a way that its interests align with the DNotes users and a move such as this would likely be detrimental to DNotes Global. The company itself is under the jurisdiction of the United States, that has significant advantages in the companies rights and ability to fight back against censorship through the legal system, but ultimately the DNotes users themselves could split off.

In contrast to what Facebook is creating, which this article would be worth a read here https://techcrunch.com/2019/06/18/facebook-libra/ to evaluate for yourself, the only factor that gives DNotes Global any leverage is its own stake in the currency, just like any other user. Libra seems to have an exclusionary system with many controlling factors including being a stablecoin. All you need to participate and be included, as far as DNotes goes, is to own the coin and potentially stake the coin.

"Is DNotes going to focus on the niche of women entrepreneurship in the next years? What transparency could DNotes holders expect here from DNotes Global, Inc.?"

NextGenHERo is one avenue we will focus on and currently our primary focus. Just to clarify though, this site is focused on entrepreneurship, technology, fiance, and fintech. It is for everyone but with a specialization in encouraging and assisting women. Right now the content is heavily geared toward women, but as we grow that will be balanced with more and more articles focused on the general topics.

I assume you would like to know how long it will take before we can spend more time on DNotes core vision, promotion and associated technologies. The answer hinges on how quickly we can create a revenue model with HERo and it's success, as well as the resulting funding we intend to push with a proven revenue model in place.

In regards to your transparency question, we have always been transparent in our broader plans, what we have to do on a day to day basis to achieve those goals is not something we broadcast nor is it for most part measurable or all that interesting. You will certainly hear of our successes along the way and every person who have been promoted on HERo is a supporter of our vision and the majority of which want to do whatever they can to help us in our mission. The amount of work that is going into this is incredible.

I would like to add a comment regarding what you said about our social media. While I understand where you are coming from, from our experience and perspective, the crypto community is interested in price of DNotes and things that would result in temporary price boosts. Our broader vision has fallen for the most part on deaf ears within the blockchain space with a very small portion of true supporters who understand what we are trying to accomplish and support it. Outside of our industry, outside of these forums and social media, is where we gain the most traction and support. We can win this industry over, but only when we have the resources to show them what is possible. Otherwise it's an up hill battle to get anyone in this industry to be excited about anything other than price and dive deep enough into our plans to understand that it is a decentralized currency and has a viable vision for taking decentralized currency to the masses.

We greatly appreciate everyone who understands our vision and supports us and all the positive feedback we have received. However, we need to focus our attention outside of this industry to really gain the traction we need to propel us forward.

AlCamus, that is a great post. I appreciate that Joe has given you a comprehensive response, I decided to supplement it with a one-time response. ( I simply do not have much available time these days).

I agree with Andreas Antonopoulos that Facebooks Libra is not a decentralized cryptocurrency. His argument using the five pillars open, public, neutral, borderless, and censorship resistance is very sound.

I would add that a decentralized digital currency like DNotes or Bitcoin cannot be controlled by any individual, a group of individuals, any company, or a group of companies. Ownership is at will subject to change at an instance without notice or approval.

For that matter, one of our largest stakeholders could have sold 100% of his DNotes a minute ago in a private transaction and I would have no idea, other than noticed that a large transaction has taken place. It could, have been a sale, a gift, or simply a transfer to a different account controlled by the same individual.

That is one of the greatest attributes of a digital currency. I believe that for DNotes to be truly successful one day, the vast majority of its transactions will be payments directly between two parties, without any middleman or central authority.

That is the beauty of a decentralized digital currency and why I believe that an inclusive trusted digital currency like DNotes will be truly world changing. But one cannot change the world overnight. DNotes is a Big and Bold global project. We have never deviated from our original path.

Now to answer your questions more specifically:
If DNotes would be confronted with the statement, that it is not a true cryptocurrency and so will never has a chance to reach mass adaption, what would be your answer?

If a true cryptocurrency is based on the above definition of a decentralized cryptocurrency than DNotes is a true cryptocurrency. DNotes meets the five pillars: open, public, neutral, borderless, and censorship resistance. We envision that to be world changing and become truly valuable one day, DNotes must be inclusive and trustworthy with intrinsic value. That is how DNotes will achieve mass adoption.

Is DNotes going to focus on the niche of women entrepreneurship in the next years? What transparency could DNotes holders expect here from DNotes Global, Inc.?

HERo will focus on women entrepreneurship, finance, and technologies. HERo is extremely well received globally, to the extent that I am getting 5% to 10% responses each time I do a mass campaign. I have never seen this level of positive responses in my career. This is a significant opportunity for DNotes to reach out beyond the crypto world. There is no other way to gain mass adoption.

DNotes Global, Inc. is 100% privately funded with no outside investors at this time. Until we are funded with public money, the level of transparency will be very similar to other privately held companies.

However, we are still very committed to roadmap as outline in our white paper. It is more like than not that DNotes Global, Inc. will become a publicly held company one day.