FAQ

DP is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, DP is not anonymous and cannot offer the same level of privacy as cash. Usage of DP does not leave any public records. Various mechanisms exist to protect user’s privacy, and more are in development. However, still a lot of working is to be done before these features are used correctly by most DP users. Some concerns have been raised that private transactions could be used for illegal purposes with DP. However, it is worth noting that DP will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems. DP cannot be more anonymous than cash and it is not likely to prevent criminal investigations from being conducted. Additionally, a large number of financial crimes can be prevented by DP.

When a user loses his wallet, it has the effect of removing money out of circulation. Lost Pearlvine DPs still remain in the wallet string just like other Pearlvine DPs. However, lost Pearlvine DPs remain dormant forever because there is no way for anybody to find the private key(s) or OTPs. In case of any fraud you can file a complaint by mail to DP administration or “Report” button located in your control panel. There is quick action in it.

The DP network already processes a much higher number of transactions per second than it does today. It is however, not entirely ready to scale to the level of major credit card networks. Work is on the way to lift current limitations, and future requirements are well known. Since inception, every aspect of the DP network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come. As traffic grows, more DP users may use lightweight clients, and full network nodes may become a more specialized service.

DP is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass DP in terms of their use to finance crime. DP can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks. DP is designed to be a huge step forward in making money more secure and could also act as a significant protection against many forms of financial crime. For instance, Pearlvine DPs are completely impossible to counterfeit. Users have full control over their payments and cannot receive unapproved charges such as with credit card fraud. DP transactions are irreversible and immune to fraudulent chargebacks. DP allows money to be secured against theft and loss using very strong and useful mechanisms such as backups, Password, and mobile OTPs.

Some concerns have been raised that DP could be more attractive to criminals because it can be used to make private and irreversible payments. However, these features already exist with cash and wire transfer, which are widely used and well-established. The use of DP will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems, and DP is not likely to prevent criminal investigations from being conducted. In general, it is common for important breakthroughs to be perceived as being controversial before their benefits are well understood. The Internet is a good example among many others to illustrate this.

The DP protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they want to use. Attempting to assign special rights to a local authority in the rules of the global DP network is not a practical possibility. However, there is no guarantee that they could retain this power since this requires to invest as much than all other buyers in the world. It is however possible to regulate the use of DP in a similar way to any other instrument. Just like the dollar, DP can be used for a wide variety of purposes, some of which can be considered legitimate or not as per each jurisdiction’s laws. In this regard, DP is no different than any other tool or resource and can be subjected to different regulations in each country. DP use could also be made difficult by restrictive regulations, in which case it is hard to determine what percentage of users would keep using the technology. A government that chooses to ban DP would prevent domestic businesses and markets from developing, shifting innovation to other countries. The challenge for regulators, as always, is to develop efficient solutions while not impairing the growth of new emerging markets and businesses.

DP is not a regular currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with DP.

DP is making people free to transact on their own terms. Each user can send and receive payments in a similar way to cash but they can also take part in more complex contracts. Multiple layers of security allows a transaction to be accepted by the network only if a certain number of a defined group of persons agree to sign the transaction. This allows innovative dispute mediation services to be developed in the future. Such services could allow a third party to approve or reject a transaction in case of disagreement between the other parties without having control on their money. As opposed to cash and other payment methods, DP always leaves a public proof that a transaction did take place, which can potentially be used in a recourse against

businesses with fraudulent practices.

It is also worth noting that while merchants usually depend on their public reputation to remain in business and pay their employees, they don’t have access to the same level of information when dealing with new consumers. The way DP works allows both individuals and businesses to be protected against fraudulent chargebacks while giving the choice to the consumer to ask for more protection when they are not willing to trust a particular merchant.

The price of a DP is determined by supply and demand. When demand for Pearlvine DPs increases, the price increases, and when demand falls, the price falls. There is only a limited number of Pearlvine DPs in circulation and new Pearlvine DPs are created at a predictable and decreasing rate, which means that demand must follow this level of inflation to keep the price stable. Because DP is still a relatively small market compared to what it could be, it doesn’t take significant amounts of money to move the market price up or down, and thus the price of single unit of DP is still very volatile.

A fast rise in price does not constitute a bubble. An artificial over-valuation that will lead to a sudden downward correction constitutes a bubble. Choices based on individual human action by hundreds of thousands of market participants is the cause for DP’s price to fluctuate as the market seeks price discovery. Reasons for changes in sentiment may include a loss of confidence in DP, a large difference between value and price not based on the fundamentals of the DP economy, increased press coverage stimulating speculative demand, fear of uncertainty, and old-fashioned irrational exuberance and greed.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants. DP is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of Pearlvine DPs can unpredictably make or lose money. Beyond speculation, DP is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses.

Some early adopters have large numbers of Pearlvine DPs because they took risks and invested time and resources in an unproven technology that was hardly used by anyone and that was much harder to secure properly. Many early adopters spent large numbers of Pearlvine DPs quite a few times before they became valuable or bought only small amounts and didn’t make huge gains. There is no guarantee that the price of a DP will increase or drop. This is very similar to investing in an early startup that can either gain value through its usefulness and popularity, or just never break through. DP is still in its infancy, and it has been designed with a very long-term view; it is hard to imagine how it could be less biased towards early adopters, and today’s users may or may not be the early adopters of tomorrow.

DP is unique in that only 10 million Pearlvine DPs will ever be created. However, this will never be a limitation because transactions can be denominated in smaller sub-units of a DP, such as DPs – there are 1,000,000 DPs in 1 DP. Pearlvine DPs can be divided up to 8 decimal places (0.000 000 01) and potentially even smaller units if that is ever required in the future as the average transaction size decreases.

The deflationary spiral theory says that if prices are expected to fall, people will move purchases into the future in order to benefit from the lower prices. That fall in demand will in turn cause merchants to lower their prices to try and stimulate demand, making the problem worse and leading to an economic depression.

Although this theory is a popular way to justify inflation amongst central bankers, it does not appear to always hold true and is considered controversial amongst economists. Consumer electronics is one example of a market where prices constantly fall but which is not in depression. Similarly, the value of Pearlvine DPs has risen over a large span of time and yet the size of the DP economy has also grown dramatically along with it, because both the values of the currency and the size of its economy started at 1$ in 1 December 2015, DP is a counter example to the theory showing that it can be wrong sometimes. Not with standing this, DP is not designed to be a deflationary currency. It is more accurate to say DP is intended to inflate in its early years, and become stable in its later years. The only time the quantity of Pearlvine DPs in circulation will drop is if people carelessly lose their wallets by failing to make backups. With a stable monetary base and a stable economy, the value of the currency should remain the same.

This is a chicken and egg situation. For DP’s price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability. Fortunately, volatility does not affect the main benefits of DP as a payment system to transfer money from point A to point B. It is possible for businesses to convert DP payments to their local currency instantly, allowing them to profit from the advantages of DP without being subjected to price fluctuations. Since DP offers many useful and unique features and properties, many users choose to use DP. With such solutions and incentives, it is possible that DP will become mature and develop to a degree where price volatility will become limited.

Only a fraction of Pearlvine DPs issued to date are found on the exchange markets for sale. DP markets are competitive, meaning the price of a DP will rise or fall depending on supply and demand. Additionally, new Pearlvine DPs will continue to be issued for decades to come. Therefore even the most determined buyer could not buy all the Pearlvine DPs in existence. This situation isn’t to suggest, however, that the markets aren’t vulnerable to price manipulation; it still doesn’t take significant amounts of money to move the market price up or down, and thus DP remains a volatile asset thus far.

That can happen. For now, DP remains by far the most popular decentralized virtual currency, but there is no such guarantee that it will retain its position. There is already a set of alternative currencies inspired by DP. It is however probably correct to assume that significant improvements would be required for a new currency to overtake DP in terms of established market, even though this remains unpredictable. DP could also conceivably adopt improvements of a competing currency so long as it doesn’t change fundamental parts of the protocol.

User to user Transactions can be processed without fees, But 2% while buying DP from the admin and 12% (10% Admin Charge + 2% service charge) applies when it is sold, except for exchanges to receive dollars in their original currency, 2% of the charging exchanger has to pay. This minor fee is charged to run the system smoothly and to support the exchanger. In addition, the fee of 10 $ goes to upgrade the user, so that the whole system gets income up to eight levels. This income is shared and sold on DP and even up to eight levels is distributed in the system. It is essential for the health of the system.

This works fine. The Pearlvine DPs will appear next time you start your wallet application. Pearlvine DPs are not actually received by the software on your computer, they are appended to a public ledger that is shared between all the devices on the network. If you sent Pearlvine DPs when your wallet client program is not running and you later launch it, it will download blocks and catch up with any transactions it did not already know about, and the Pearlvine DPs will eventually appear as if they were just received in real time. Your wallet is only needed when you wish to spend Pearlvine DPs.

The rules of the protocol and the virtual technology used for DP are still working years after its inception, which is a good indication that the concept is well designed. However, security flaws have been found and fixed over time in various software implementations. Like any other form of software, the security of DP software depends on the speed with which problems are found and fixed. The more such issues are discovered, the more DP is gaining maturity. There are often misconceptions about thefts and security breaches that happened on diverse exchanges and businesses. Although these events are unfortunate, none of them involve DP itself being hacked, nor imply inherent flaws in DP; just like a bank robbery doesn’t mean that the dollar is compromised. However, it is accurate to say that a complete set of good practices and intuitive security solutions is needed to give users better protection of their money, and to reduce the general risk of theft and loss. Over the course of the last few years, such security features have quickly developed, such as wallet encryption, offline wallets, hardware wallets, and multi-signature transactions.

It is not possible to change the DP software that easily. Any DP client that doesn’t comply with the same rules cannot enforce their own rules on other users. As per the current specification, double spending is neither possible on the same block chain, nor is spending Pearlvine DPs without a valid signature. Therefore, it is not possible to generate uncontrolled amounts of Pearlvine DPs out of thin air, spend other user’s funds, corrupt the network, or anything similar. However, powerful miners could choose to block or reverse recent transactions. A majority of users can also put pressure for some changes to be adopted, because DP only works correctly with a complete consensus between all users, changing the protocol can be very difficult and requires an overwhelming majority of users to adopt the changes in such a way that remaining users have nearly no choice but to follow. As a general rule, it is hard to imagine why any DP user would choose to adopt any change that could compromise their own money. If any type of irregularity is detected, the user ID will be blocked immediately.