Great article Alan. I'm glad to have invested in DNotes nearly 4 years ago; my confidence in the team is still as high as it's ever been (if not higher). Having positioned DNotes to be compliant with existing regulations will be a huge advantage over DNotes' competitors who have twisted the law to suit their best interests. At later stages of their growth and development I believe being situated in this legal grey area could become a MAJOR obstacle for those entities.

Thanks, Brandon. It is important for DNotes and DNotes Global to always do the right thing, though others may prefer taking short cuts. There are many options and choices in our industry. We happened to have chosen a different path but respect others for their choices.

This press release has reached some international resources.

Hi elchavotravieso, welcome to the DNotes forum and thank you for your interest in DNotes. We do not have a bootstrap blockchain. It may take some time. Are you getting a good amount of connections?

Has our industry reached the point that it is unstoppable? As of this morning, the Market Cap has reached $831,156,591,714 with a 24h Vol. of $45,514,621,586 . That is quite astonishing, considering that Apple, the largest U.S. company has a market cap of $898.5 billion and the not so industry friendly bank, headed by Jamie Dimon, JP Morgan Chase has a market cap of $375.91 billion.

Another point of reference: “Global assets under management reached $84.9 trillion in 2016 and will therefore almost double to hit $145.4 trillion in 2025, the latest Asset and Wealth Management Revolution report showed." https://www.cnbc.com/2017/10/30/global-assets-under-management-to-double-by-2025-as-the-world-population-ages-study-says.html

No matter how we want to look at it, there is serious money involved and as I stated many times, we are witnessing the greatest technology revolution since the Internet. It is much bigger, and more disruptive with world changing implications. This will lead to massive job and wealth creation.  And we are still in the infancy stage with many challenges that must be overcome before mass acceptance can become a reality.

One of those challenges is to follow the existing laws while working respectfully with multiple regulatory bodies to ensure that our industry is not over-regulated, as it will stifle innovations, job and wealth creation. Working together is significantly more beneficial for everyone. I am hopeful that the SEC, other commissions and agencies that have jurisdiction over our industry will keep this in mind.

Related:

SEC RAMPS UP CRYPTO OVERSIGHT – HIRES COIN ETF ”EXPERT”
December 12, 2017

After what many considered a dithering reluctance, the bureau charged with maintaining order in the world’s biggest speculative markets, the US Securities and Exchange Commission (SEC), is ramping up efforts to consider regulatory policy toward cryptocurrencies, ICOs, and cryptocurrency funds. This comes directly after two key executive appointments this year along with ever-more attention drawn to the ecosystem due to bitcoin’s stratospheric price rise.  ……….

FORMER COIN ETF ATTORNEY TURNS SEC DIRECTOR

Two months after Mr. Clayton’s appointment to head the agency, he personally named Dalia Blass Director of its Division of Investment Management. Ms. Blass’ key positioning was heralded by some crypto enthusiasts because she served as counsel from Ropes & Gray to the failed Winklevoss efforts at a regulatory-approved ETF. Bloomberg referred to Ms. Blass as an “ETF specialist.”

Her first published remarks were keynote to the “2017 Securities Law Developments Conference” on 7 December, hosted by the Investment Company Institute in Washington, DC. Speakers included U.S Treasury, Fidelity, Prudential, T. Rowe Price, Schwab, Vanguard, among others.
She focused on two initiatives, one investor-centered and one fund related. For investors she is seeking more transparency and engagement by funds, more information to help them make better decisions. The second part of her talk focused upon fund boards and how they can manage to return shareholder value while at the same time complying with complex regulation. In both cases, she urged professionals to team with her division.

In her conclusion, she turned to the issue of a new asset class, cryptocurrency funds. The SEC, she said, has questions. “For example, would retail investors have sufficient information to consider these products and to understand the risks? When thinking about cryptocurrencies and other blockchain offerings as fund assets, are differences in their features important? How would these funds fit into the existing regulatory scheme? What regulatory structure or structures apply to the market for the underlying instrument?,” she posed, ending with a quasi-prediction: “We will be discussing these questions with you as we work through these filings.”

Both Mr. Clayton and Ms. Blass claimed to be speaking only their own thoughts and not that of the agency at large.

Read more: https://qoinfaucet.com/sec-ramps-up-crypto-oversight-hires-coin-etf-expert/

Certainly, huhjays77. Welcome to DNotes. Here is the link: https://bt.irlbtc.com/view/1924858.0

DNotes 2.0 will be launch this quarter. We have added a new team recently and very please with is new partnership: http://www.nasdaq.com/press-release/dnotes-global-inc-announces-partnership-with-geneca-for-blockchain-technology-development-20171226-00265

No problem! Here are a few more resources we recommend:

CEOCFO Interview with Alan Yong:
http://www.ceocfointerviews.com/interviews/DNotesGlobal17.htm

The DNotes Story – an Unfolding Big Bold Idea of Global Scale
Which is also Chapter 15 of the book "Improve Your Odds - The Four Pillars of Business Success".
http://dnotescoin.com/the-dnotes-story-an-unfolding-big-bold-idea-of-global-scale/

Our secure online vault, run by the DNotes team with matching guarantee fund:
http://dnotesvault.com/

I can also recommend taking a look at some of the articles in the DNotes section of DCEBrief:
https://dcebrief.com/category/dnotes/

There are so many variables and approaches to cryptocurrency, that it is usually impossible to bet on which technology or solution will end up being the most successful. But when it comes to the POW v.s. POS discussion it gets really simple. POW was necessary with the beginning of bitcoin because work was the only way to force value into an idea. Since then, the concept of blockchain based currencies has been tested and gained public confidence. Because of this, POW is no longer required to inject value into the coin. But security and trust will always be necessary.

So long as a POS solution is able to provide security and trust, it will always be superior to POW. To support a POW cryptocurrency, electricity must be purchased and processing time must be used. Until both are free, this cost must be born by the network. This means that there must always be a drain on the value of the currency. It is also very common for the POW solution to cause a drain on performance which affects transaction time and fees.

POS is much less demanding on electricity and processing time. This means that cryptocurrencies based on POS are more efficient, with all of the flow on effects that generates.

There are many other advantages to POS in general, even if some of them are shared by a few POW solutions. POS enables and encourages a healthier network of nodes by being less demanding to maintain, and less profitable to concentrate into large operations. POW mining companies have much more control over accepting or rejecting code, than the people who own the POW cryptocurrencies affected by their choices. So POS cryptocurrencies are much more likely to act in the interests of currency holders than POW systems are. Because POS does not need to wait for a complex puzzle to be solved, transaction periods can be much more regular, and much more frequent. And this is just some of the main advantages.

Due to this, I am confident that all cryptocurrencies, including bitcoin, that make it through to 2028 and are used in regular transactions will be POS or some other alternative to POW.