Problems Facing the Adoption of Cryptocurrency

in #bitcoin6 years ago (edited)

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10 years after its creation, cryptocurrencies are still considered to be speculative assets, due to the fact that there is no reliable model for creating financial trust, price stability and intrinsic value. The volatility and lack of any formal control is understandably limiting the adoption of its innovation, as history shows there need be at least some form of centralized entity to get the ball rolling.

Furthermore, the natural wave of get rich quick schemes that comes with any new technology resulted in the flood of ICO’s and many sh*tcoins, with the possibility of more similar waves to come. Justifiably, there is a lack of trust in the legitimacy and sustainability that the majority of cryptocurrencies can provide with a little more than hype and promise.

With that said, it’s undeniable and easy to see what a revolution bitcoin and blockchain has introduced to the world and its potential, with the unprecedented opportunities it provides. For example, access to high yielding investment possibilities, which were previously exclusive to the already very wealthy or institutional scale investors. Furthermore, the power it presents to democratize money and society.

DNotes is a digital currency that has been around long before the 2017 crypto wave, and was designed with a long-term plan to be around for much longer, and as much more than a ‘quick bang for your buck’ overnight investment. Rather DNotes’ vision is to build a trusted and inclusive currency for use in global commerce that everyone can benefit from.

DNotes plans to overcome the mentioned adoption obstacles with effective leadership, an integrated business ecosystem (DNotes Global), positive feedback loops that feed from this ecosystem and by earning investor confidence with equity and intrinsic value coming from the cross-ownership model in DNotes Global incorporated company. This interconnected business model links the use of the digital currency into the world of finance and ecommerce.

Lack of understanding and education are of course significant limiting factors in the mass adoption of cryptocurrency, and DNotes addresses these issues by incorporating DNotesEDU and DNotes Consulting as key elements in its expansion plans.

With lessons learnt from the past, there is now more focus being placed on substantial and trusted projects, and this is where DNotes will shine. Be that as it may, it takes some research to see why and how DNotes is different from its many competitors, but if you do take the time you will see it’s worth the effort.

The DNotes message has been clear from day one, (and is what has likely caused them to be hugely undervalued to-date), with a systematic approach that’s realistic in its future projections, as opposed to the all-too-common overvalued, amped up projects that lures in the hungry and desperate risk takers. DNotes is a long-term and big picture project.

The project is poised to bring all the benefits of blockchain technology to the mainstream as an equity-supported digital cash medium, a global payment network, and powerful blockchain development platform that’s supported by a tightly integrated business ecosystem. This is a project worth watching.

“We are committed to doing the things that others won’t do, so that we can one day do the things that they cannot do” - Alan Yong, CEO, DNotes Global.

If interested, there is a ton of information to be found in the white paper, and DNotes Global website.

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So what makes Dnotes different from the myriad of other crypto platforms out there? Cuz U wrote a lot of words, but we still don't understand what makes them special?

Here's a quickie on Dnotes, one of the best-performing cryptos on the market today...
https://steemit.com/dnotes/@harpooninvestor/dnotes-a-cryptocurrency-bucking-the-down-trend