Here's the thing. You can say that you're pegged 1 to 1 but if I take 10,000 CANN to the dispensary right now, I will only be allowed to sell 1-3 CANN. If I could sell say 500 to 20 different dispensaries, that would be a peg. You can't expect to get it all at one place but you DO have to have an expectation that you can cash it all out. Allow me to use a different analogy.
Let's say we went back on the gold system in the USA. The government says for every $1.00 you have, you can go to Ft. Knox and get $1.00 worth of gold. But when you go to Ft Knox to cash out $100,000 they say they can't because they don't have enough gold for everyone to cash out.
For a 1 to 1 peg of a coin that will have 100,000,000 coins, in order to have a 1 to 1 peg, you have to have a LOT of dispensaries. Until I see a plan for getting those dispensaries on board, I'm afraid I can't committ funds.
Let's say we went back on the gold system in the USA. The government says for every $1.00 you have, you can go to Ft. Knox and get $1.00 worth of gold. But when you go to Ft Knox to cash out $100,000 they say they can't because they don't have enough gold for everyone to cash out.
For a 1 to 1 peg of a coin that will have 100,000,000 coins, in order to have a 1 to 1 peg, you have to have a LOT of dispensaries. Until I see a plan for getting those dispensaries on board, I'm afraid I can't committ funds.
MyFarm, maybe message D9 or try to catch him in the IRC channel where he frequently hangs out.
Nobody here knows the talks\deals\agreements he is making with dispensaries and what not.
I understand what you are asking, and what has been told to you wouldn't satisfy my questions either, if you are legitimately interested, you need to take it up with D9.
As much as I love this coin, and everyone here.... they are just talking out of their asses because they do not know the agreements in place.
I like to see how a community responds before I invest in a coin. And D9 shouldn't give me any inside info anyway, it should all be public.Nobody here knows the talks\deals\agreements he is making with dispensaries and what not.
I understand what you are asking, and what has been told to you wouldn't satisfy my questions either, if you are legitimately interested, you need to take it up with D9.
As much as I love this coin, and everyone here.... they are just talking out of their asses because they do not know the agreements in place.
Yes, this. Literally enough dispensaries for 100 TONS of weed. It is a point worth repeating. Really guys, wrap your head around that number.
It's been a long time since my pot smoking days, but if we say 1 gram = $20, by the time it is fully mined, CANN is aiming for over $2 BILLION market cap. $2 BILLION USD.
Does this seem like a plausible scenario?
If not, I'll pass.
