Quote from: Dyna on October 02, 2014, 01:37:25 AM

Quote from: marcuslong on October 01, 2014, 07:10:13 PM

Quote from: Dyna on September 30, 2014, 01:55:10 PM

Quote from: Micrux on September 30, 2014, 01:34:52 AM

Quote from: DNotes on September 27, 2014, 02:42:09 AM

Quote from: marcuslong on September 26, 2014, 06:49:15 PM

Hey Mike I wasn't aware of the upgrade very cool. I've been doing really Well with my hashlets. Have 10 Mhz of my own so far, and 283 Zen Solo's that I co funded with my extended family as a Family Farm. Reinvesting all into new equipment. Very exciting. Hope your move goes well Mike.

You weren't kidding when you said you were creating a mini farm.

Good luck with your move Micrux, moving locally?

Woah.. That's a nice little Farm you got going there... and here I thought I was doing good with 167 Primes, 8 Solos, and a 90 GH in Genesis...

And semi locally, about 1.5 hours away... Still working in the corporate cesspool.. At least for a while until things hit the moon Wink

Good luck with your move, Micrux. I am still looking forward to meeting you one day. Your new location is two hours from me. I am planning to do some travel around a 3 hours driving radius visiting universities, colleges, and businesses over the next few months. This is our first phase of business development for DNotes and Cryptomoms. We believe in building a solid foundation from our home base and fine tune our business model while it is still in a small scale.

Our industry is experiencing fairly serious growing pains. With Bitcoin price struggling to stay above $400, hundreds of coins are struggling to stay alive. This should not be such a surprise. Highly speculative environment always comes to an end after enough people got burnt, perhaps a few too many times. However, some level of speculation will continue, hopefully not as rampant.

As an industry, we need Bitcoin to do well. Bitcoin is our anchor. What is good for Bitcoin, it is good for our industry. We follow Bitcoin very closely and make every attempt learn and adjust where we can. I am personally extremely impressed that Bitcoin has been doing a great job in multiple fronts in promoting widespread adoption. The ups and downs of our industry will continue. However, digital currency is here to stay. DNotes will play a very important role, reaching out to many different segments of the population around the world who could benefit from the growing value of our currency. Our large family of CR.I.S.Ps. (Cryptocurrency Invest Saving Plans) will play a lead role in building the next generation of DNotes stakeholders, including many who are not yet part of our industry.

I believe the end of the speculative phase in Bitcoin is a healthy thing for the coin. It means that it is starting to be used as a tool of commerce like the currency we all want it to be. With the adoption ever growing more and more people are using Bitcoin to purchase items and services all the time. This is great but it has one caveat. This places a lot of downward pressure on the price of Bitcoin due to the fact that most of the Bitcoin accepted in commerce is immediately converted to fiat currency. These constant sale orders push your price down. This is fine, a natural step in the evolution of Bitcoin. Where this needs to go, and will eventually get too, is for You the consumer to be able to take your Bitcoin and spend them at a retailer, that retailer to take the bitcoin and pay their supplier, who can then pay the manufacturer who will pay employees in Bitcoin, who can then begin the cycle again. When you have this full end to end economy then you will see the true value price on Bitcoin and cryptocurrencies in general and then we can all ride them to the moon.

Some level of speculation will continue. The rampant industry wide speculation will eventually end. It looks like Bitcoin price will remain under pressure and likely maxed out at $500 over the near term. Due to weak growth in demand there seems to be an over supply of Bitcoins from miners and merchants. This is a typical growing pain. The Bitcoin industry has been doing a great job promoting awareness and adoption. Over the longer term, the true value of Bitcoin and a few surviving cryptocurriencies will do very well.

I'm banking on that same theory, my list of surviving coins will be very short and DNotes is my favorite horse in the race.