I have an extremely busy week ahead and next week is not looking any better. I have been getting a lot done in preparation for DNotes Golbal Mini-IPO. My biggest frustration has been the challenge of overcoming the "knowledge deficit" about Bitcoin and digital currency, as I tried to communicate with professionals from different disciplines. Many are still clueless.

Our industry will continue to struggle to gain mass acceptance of digital currency until more people understand and embrace it. DNotes is certainly on the right track in making education as one of our highest priorities. DCEBrief is doing a great job and will be expanded significantly. I understanding that a lot of work is going on at DNotesEDU to increase its contents and reach. Further, I am meeting with a team at Geneca tomorrow. Among other subjects, we are committed to do a feasibility study on re-branding and relaunching CryptoMoms later this year.

Sorry, but the following article is all over the map with a touch of ignorance. It is posted for your reference that our industry has a tough road ahead unless we all work hard together and help others understand the immense value of digital currency and blockchain technologies when utilized for good purposes.


Bitcoin to be banned? WARNING issued against ALL cryptocurrencies due to ‘vulnerabilities'

A WARNING has been issued by The Central Bank of Indonesia to investors not to sell, buy or trade any cryptocurrency because of “bubble risks" and susceptibility to be used for "money laundering and terrorist financing”.

By JOSEPH CAREY
PUBLISHED: 06:58, Mon, Jan 15, 2018 | UPDATED: 08:06, Mon, Jan 15, 2018

The Central Bank of Indonesia warned its citizens in a press release over the weekend which led to the voluntary closure of two cryptocurrency exchanges.

The statement read: “Virtual currencies are vulnerable to bubble risks and susceptible to be used for money laundering and terrorism financing, therefore can potentially impact financial system stability and cause financial harm to society.”

BitBayar and TokoBitcoin both closed following the announcement.
However, there is no official ban on bitcoin within the country.

Algeria’s Government is reportedly taking steps towards banning cryptocurrencies.

Local paper Maghreb Emergent said the country’s National People’s Congress (NPC) is working on the 2018 Finance Bill which will declare the ownership and trade of bitcoin illegal.

According to Maghreb Emergent, the bill reads: “Any violation of this provision is punished in accordance with the laws and regulations in force.”

Bitcoin is labelled as a “so-called virtual currency” in the document.
It also claims the cryptocurrency can be used for drug trafficking, money laundering and tax avoidance.

According to CryptoCompare, bitcoin, ethereum, ripple and litecoin are all trading in the red, compounding the problems facing virtual currencies.

However, South Korea appears to be embracing virtual currencies after a report from a local paper Chosun Ilbo rebuked the prior warnings from the country’s Justice Ministry that it was clamping down on the market.

Steven Mnuchin reveals US Government's issues with Bitcoin

Instead, the article said the country could be planning to introduce an accounting system - South Korea is one of bitcoin’s most popular markets.

The US could also be creating a regulatory framework for cryptocurrencies after Treasury Secretary Steven Mnuchin said regulators are forming a working group dedicated to virtual currencies.

Source: https://www.express.co.uk/finance/city/904732/Bitcoin-value-latest-cryptocurrency-Indonesia-Algeria-South-Korea-ripple-litecoin-ethereum

Interesting thought process. Ideally, it is best to have a set of international light-weight regulations and rules governing digital currencies signed on by major nations. Practically, I don't think it will happen for a long time. Most law makers, local or international, are simply clueless when it comes to Bitcoin, blockchain technologies, and other digital currencies. In all fairness, that is the process of large scale change. DNotes recognizes that and firmly committed to do our part using different media and medium to get the knowledge out. One can learn a lot from this forum, DCEBrief, DNOtesEDU, CryptoMoms, and other blog posts - Facebook, LinkedIn and elsewhere.

"Bundesbank board member Joachim Wuermeling suggested on Monday that digital currencies cannot be properly regulated unless the nations of the world unite to create a regulatory framework with global impact. Because digital currency is something that is emerging on a national scale, he believes that individual nations will be ill-equipped to manage regulation on their own:

"Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited."

Thank you Brandon, I agree 100%. There is a lot to be learned from the book and website, and it is all built around the idea that your business is operating as a system and all the component parts do not operate in a vacuum. In other words, they all have a significant impact on your business as a whole. The book identifies the four key and most significant components within your business, and then, along with the video series, teaches how to get all of those components working well and working together into a well oiled machine.

It's very easy to focus on what you are good at, you could be a business owner that is a great salesman, and focus on the sales. However, without the follow through on product, customers, driven by you and your team... You won't be able to satisfy the needs of the customers or retain them.

This is in my experience, the most comprehensive and actionable business series the world has ever seen. The actionable part really drives the value for me, it is chock full of learnings that you can begin to apply to your business the moment you understand them. Alan delivers an unparalleled amount of experience and wisdom in book and video series.

I think I speak for all of us when saying how deeply appreciative of your efforts we are. You are providing us with a solid foundation that has created an opportunity to help change the world. It's not always easy, there are so many terrible things going on around us and it's very easy to fixate solely on the negative, but I truly believe that DNotes is on the path to creating a better planet. I am very thankful to have met you guys, and to have had the opportunity to make a small contribution to this project of such massive scale.

They may be onto something.


Top Best Altcoins for 2018 to 2020 by statistics analysis

https://www.youtube.com/watch?v=u1G1nYxBkXk


Thank you Otto Test!

This didn't end well:

Now that’s a crypto crash: BitConnect Coin dives 90% as company shuts exchange - https://www.marketwatch.com/story/now-thats-a-crypto-crash-bitconnect-coin-dives-90-as-company-shuts-exchange-2018-01-17?siteid=yhoof2&yptr=yahoo


From a marketcap of $3 billion in late December to $100 million yesterday, this may come as no surprise to many of us, but I bet it has scared a lot of its investors away from crypto for good. Judging by what is going on in the markets, it appears that everything is getting indiscriminately dumped, not just the ones that are severely over-inflated. Add to that bitcoin's price correction and it makes for a very nervous market.

What the industry needs right now is a champion of trust and integrity.

Have a great day everyone!

It is very sad. I hope that there is a lesson learned here.

Perhaps, everyone should learn the difference between investing and gambling. I fear that our industry might have already created a "Global Casino" and it is not yet regulated. Unfortunately, law makers tend to over-react. This could lead to an over-regulated industry that stifles innovation. That would be very damaging.

There are honest and trustworthy coins/projects out there that are committed to benefit everyone. I can speak for DNotes that we are all about building a trustworthy digital currency that is purposeful, and inclusive to the benefits of everyone globally.