Hi all,
Long time lurker here. I was introduced to Dnotes by my mate TeeGee. I have a a decent holding of them and have introduced a few other mates also. I have seen this currency steadily climb since I was introduced and I am very impressed when you compare it to other coins that jump around like a leprechaun on crack.
I read this thread quite often and one thing that stuck out to me was the mention of the three functions of money. The mention of it having to be used as a medium of exchange was followed by an explanation that it is exchanged on various coin exchanges. To me this is not meeting this criterion.
Gold is also exchanged on exchanges, as is oil, wheat, steel etc. This does not make them great mediums of exchange but it means they are being exchanged.
For Dnotes to be adopted and accepted as a real currency it must be able to be used to buy things. So far Bitcoin is the only coin that really fulfils this. If coins are not being actively used as a medium of exchange then the price comes from pure speculation not an inherent value. Failure to address this issue is what will result in Bitcoin reigning supreme at the end of the day and all of the other altcoins crashing and burning in its wake.
Please answer me this: Why would I used another digital currency other than Bitcoin? If I am an everyday person I might not understand how it works but I have a Bitcoin wallet and some Bitcoin and I can buy things in many places. This involves a lot of infrastructure behind this coin to be able to do this. Why would I have another address with a different currency with a different value to do the same?
Don't get me wrong , I wish this currency every success. But issues need to be addressed and discussed for it to become a useful currency beyond the exchanges.
