Thank you, alaalfa, for bringing this to our attention. This is very significant. Delaware is taking the lead but one day all the remaining states will follow, including Illinois. DNotes Global, Inc is incorporated in the state of Delaware and operating its registered business in the state of Illinois. It has limited transactions and business activities at this point but that will change in the future. The path we a chosen is consistent with our vision and the likely path of state and federal regulatory registry, reporting, and licensing requirements as the industry becomes increasingly matured.

Personally, I am concerned about the reckless conducts of our industry as a whole, especially, with regards to the rampant speculative ICOs often with little to zero underlining value. I am fearful that many investors will see substantial losses in their investment with no recourse or hope that what they invested will be worth anything one day. We are already seeing a "blood-bath" that could be quite painful. And regulators will have no choice but take corrective actions to protect consumers investors.

This is a very predictable out-come and a thinning-out process, just like what happened to other emerging technology eras, including PC and dot com. Only a few survived but most vanished. DNotes will survive the test of time. Sadly, most investors in our industry don't seem to do enough home-work to separate fluff from substance. Despite significant added value in DNotes 2.0 development and other areas the value of DNotes has dropped by 75% from its high. It has been under-valued to begin with. I am in accumulation mode.  

 

Brief(ish) development update

The open house went really well. It was great to take a day off from DNotes work... which for us is still about 2-3 hours of DNotes related discussions, and multiple DNotes related meetings (we can’t help ourselves). We had 6 members of our core team in one place for the first time, 3 from ~Michigan area, one from Canada, one from NZ, and another in the process of moving from Florida to Michigan. Those conversations yielded a lot in terms of updates from the programming team regarding our development progress for DNotes 2.0.

The back end of the blockchain and wallet is mostly complete for core functionality. Currently workflow is on the wallet front end, which the UX (User eXperience) design has already been finalized, with transcribing to visual C# to be completed. We will begin testing in the next few weeks and hire penetration testers to aid us in the verification process.  

Another highlight was an expert opinion regarding our updates going forward. We are now very confident that we will be comparatively well ahead of the curve by the end of 2018 (we always estimate conservatively). As everybody who has followed us closely will know, our philosophy is to never enter a race that we can not at a minimum be as good as the best competition, and then make strives beyond that to be the best in class. We also have never publicly made statements regarding our progress until we are confident we can meet all of the expectations and commitments we have set, which is rare in an industry rampant with over-promising, and hype and price levels built around platforms that are released with very limited functionality, but advertised as though the final product is ready for use.

The first update for DNotes 2.0 will contain significant upgrades on our current platform with many changes to the Stratis code base. We appreciate the contributions of the Stratis platform team - who we credit as having done some excellent work in the open source space. Because of the work completed, our development schedule will quickly add further modular updates from that starting point. We will also be doing some work to streamline the existing C# code base. Individual contributions can lead to a complex pyramid of code segments that can be better streamlined into one cohesive code structure, allowing for optimal code management and performance. We trust that our industry will benefit from our significant contributions to the C# code base in the near future.

Core updates:

Proof of Stake
Will move power of the network away from miners, and into the hands of currency users / holders who share the network's best interests. Effectively pays out an interest (~2%) for running a node on the network. Paying out the block reward to holders creates a benefit to holding the currency by means of earning 'interest' from the currency, which combined with a reduced block reward (more than half) will likely mean many fewer DNotes on the sell side at exchanges, and what is there will likely dry up over time.

Non-Staking savings accounts / CRISP 2.0
All deposits held at our secure DNotesVault will earn a further ~2% on all deposits held for 30 days or more, which encourages savings - the foundation of any healthy economy. Both the staking reward, and the CRISP reward can be earned at the same time for a total of ~4%.

Cold Staking
Users can defer privileges to stake coins from one wallet to another. So a wallet with no coins in it can be awarded the privileges to stake on behalf of an offline wallet containing many coins. This means coins are never exposed to security risks connected to the internet, and can still earn the stake reward. DNotesVault accounts will be cold-staking capable to allow DNotes holders to both run a node to earn the staking reward, and earn the CRISP savings reward - all the while having their coins held securely in cold storage.

Automated Invoicing
The current market solution to invoicing is to generate unique crypto addresses for each new user or invoice, meaning incoming payments aren't sent to a single receive address. Our solution bypasses this limitation and will allow users to utilize invoices directly without any additional burden to the consumer, allowing for full integration into existing payment gateways and financial systems.

Several third parties have popped up in the finance invoicing space using blockchain and smart contracts for both the modern world, and cryptocurrency, and the one claiming to be the 'first' are still 35 days out from their ICO. These operators do not specify if they are just applying smart contracts to the current 'solution' to invoice generation (generating new payment addresses for each invoice), and if they are not, their solution requires tokens to facilitate the process that will probably never be used as a primary payment medium. Customers must also pay to use the invoice service with said tokens. We could be the first to create a solution to invoicing that allows using the same payment address for every invoice, and most probably the first cryptocurrency to build it into its core operation layer as a feature that doesn't require third parties, doesn’t require a hosted active node, nor payment for its use. That said, third parties will likely find our solution useful to offer additional surplus services - open source contributions are useful in this respect.

C#
We are fully committed to having our platform codebase written 100% in C# - the most popular programming language used in the business world, to make it very easy for them to make the most of our turnkey blockchain deployment features.

Turnkey Blockchain Solutions
Will be activated after we first test the platform ourselves and then first demonstrate its commercial usefulness with the release of a second currency / token - which is looking increasingly likely to be done as a first DNotes seed round, before later efforts for VC. We operate to our own timeline regarding this in the best interests of the network, and we will scale rapidly at the most opportune time. The regulatory framework in the US will play a role in this decision as one of our main plans with turnkey solutions is to aid businesses in deploying blockchains for whatever purpose, and to assist them in crowdfunding and management of their business. The rules surrounding this raise critical compliance issues that will require expert legal and accounting advice. The system will route profits back into the DNotes platform itself, and further back the currency's value.

Equity backing  
The DNotes 2.0 release is our core focus at the moment, but work on several properties is underway. Some are in planning, and some are in development. DNotesVault is in the process of being upgraded, with a new logo designed and landing page mostly complete. DCEBrief is to expand in scope and/or another new property will be created to work alongside/incorporate DCEBrief.com with the intent of providing immense value to crypto-related issues via subscription and one time payments. Our goal is to be making fairly sizable profits in the traditional and crypto realms within a few years to back DNotes with, and to establish a floor price with. A basic model would be: Price = Current Value + Claimed Profits & Equity - of which the price would never rationally trade at, or lower than the value of claimed profit and equity (because everybody would rationally buy something they could make instant money on). As a thought exercise: a crazy person offers you as many real ten dollar USD bills as you like at five dollars each. You would likely purchase as many as you could, and of course, it is unlikely anybody would ever offer to make such an exchange. DNotes 2.0 will have a floor price built into it with backed equity - another industry first.

Decentralized exchange
The implementation of the second currency will likely require our completed decentralized exchange functional at release. The decentralized exchange will allow transfer of digital assets on the DNotes blockchain.

Decentralized governance
Moving to proof of stake makes it much better for putting power of the network into the hands of DNotes users, and not miners. It is important for us that decisions on critical upgrades be implemented by the choosing of the users of the network by reaching a consensus by DNotes stakeholders.


Timeline
At this point we are still looking at a September release. Our goal is to get DNotes 2.0 released as soon as possible, but to provide the highest quality product when we do. We hope to enter testing of the new wallet within the next few weeks. Most of the features above will be included in the initial launch of 2.0, with the timing of: decentralized governance & exchange / and turnkey solutions (pending second currency for testing) likely to be included for a module released later once we are satisfied they have gone through sufficient testing, and our duty to get the best regulatory advice, and to then align ourselves with that advice completed.

Basically, I agree with you about only betting money you can't afford to loose but, on the other hand, if that were the only accepted formula, this industry and all that goes along with it, would not exist. Sometimes, we need to follow up on that "wild ass guess" or hunch that has been eating at us wither we can afford it or not. Many of histories greats could not afford to loose what they invested but, they ultimately prevailed. Each individual has to access their exposure and ability to absorb a lose before turning the cards over. Many have weighed loosing their money against loosing their mind. Sometimes, it's worth placing the bet just to keep your sanity, win or loose. Don't take this as advise by any means but, risk creates wealth not safe harbor.


 

I am now in that project with 1000 USD. But why the hell did the price went to 4151 SAT? Feeling kinda pissed, bought at 5900 SAT. Some bad news, rumors or what is the reason?

The Flippening: Are DNotes Ready?

I've been reading the CoinDesk Q1 Report and the related article on 'The Flippening', the point where Bitcoin is superseded by another cryptocurrency.
http://www.coindesk.com/flippening-will-ether-pass-bitcoin-will-mean/

A number of qualities come together to indicate dominance, such as: Market capitalization, transactions(24H), trading volume(24H), mining reward(24H), nodes, and Google trends. At the moment, Ethereum is beating Bitcoin in all categories but capitalization and trends. This combined with ambivalent attitudes towards Bitcoin's future functionality make The Flippening not only feasible, but approaching fast.

Of course the cryptocurrency to bump Bitcoin out of the top spot will gain a chunk of Bitcoin's market share, as people wake up to the fact that substance and technical agility are worth more than having been the first to market. But along with this shift will come a spike in price that many will recognize as a bubble.

So it is reasonable to assume that during The Flippening, the price of BTC will drop dramatically, causing more of an exodus to other cryptocurrencies which are not spiking or in a bubble. But there will also be a huge sense of urgency because as BTC drops, they'll want to get out fast and shift their value to other alt-coin. With this transition, worthy options will also be rising quickly in price. This will mean that a decision will have to be made really quickly to avoid transition loss.

For DNotes to increase its market share during this period it will need to have a dedicated portal aimed at people who really know the industry. This portal should have everything needed to make the decision and act, at their fingertips with no distractions. This would include real-time price, transaction fee, transaction time. As well as links to recommended exchanges and their stats.

Bitcoin has brought cryptocurrency into the spotlight of mainstream news, and I'm sure The Flippening will be a big story. Having a solid, comprehensive, and well explained press release to offer information hungry outlets during this rush period will also be important.

So of course I'm wondering how prepared DNotes are for this event.

Thank you, Chase. Very well answered. At this time DNotes Global, Inc. is an early stage privately held company positioning to embark on some major projects mentioned in the DNotes road-map "2018 and beyond."  Like most start-ups, it is launched with a small amount of initial capital, which I (Google DNotes Alan Yong) personally provided, along with a few key DNotes supporters. It is unique that 25% of the ownership is allocated to DNotes's stakeholders because we want all of our long-term stakeholders to benefit from the success of DNotes Global.

At some point in the future, DNotes may seek additional seed/expansion funding which will result in more shareholders. Subsequently, we plan to utilize Crowdfunding under the Jobs Act to raise up to $20 in additional funding. Ultimately, we intent to take DNotes Global public with a substantial IPO. That will give DNotes that best changes of being a power player in our industry.

DNotes is unique in many ways. Beyond DNotes the digital currency, we have an entrepreneurial group committed to help manage DNotes as a business without controlling it as one. We have provided an abundance of materials through many links (OP) for those who like to do due diligence on DNotes before investing. It is our belief that as more professional investors participate in our industry easy access to accurate materials for purposes of due diligence is crucial.  

Welcome diamondblend23, and thank you for the questions.

POS is a different means of distributing the reward, all you need is your coins and computer to participate in the reward system and support the network. In POW miners have to spend money on advanced mining equipment and electricity to support the network and participate meaningfully in the reward structure, therefore often have a higher need to liquidate their holdings. On top of staking, we are also offering a blockchain based CRISP reward, which will earn a target of 2% annually, distributed monthly, for accounts that have coins for more than 30 days. This will further enhance the benefit of saving your DNotes for long term. However, the price is still based on the market forces of supply and demand, we recommend that everyone only invest what they can afford to lose.

Our vision is to build fundamental value for DNotes through the for profit company, DNotes Global Inc. and its infrastructure and services that we are building and working on. DNotes the currency owns up to 25% of DNotes Global Inc. (subject to dilution) which can be used in a number of ways to grow and support DNotes.

"I think POS coin is easy to staking and getting?"

Absolutely, our focus is to make it as easy as possible for everyone to participate staking as well as our CRISP program.