[ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 207.

pineapples

legendary

Activity: 1204

Merit: 1000

to your stations, man the pineapples!!!

Quote from: Skydog on September 07, 2014, 08:22:31 AM

Am I the only one here wondering about the economics of this entire thing?

We have an maximum amount of 106,000,000 coins with currently 21873600 coins being mined. With a pegg of 1:1 and an assumed price of $10 a pegg the current coin supply would be worth $2187360000 worth of coins or in other words twohundredsevetysixmillion dollar or in other words more than all other altcoins together. However, the current price of the coinis $0.015 or 1/10000 of the given pegg. Now when people are coming to your business and starting exchanging CANN for candy are you going to sell them the price at a lose? Do you believe the price will rise this extreme until you start exchanging the CANN for candy? How are you planning this to happen with so many people holding and trading with the coin? How are you dealing with vortality?

this is a "classic" question.
basic answer is, if you accept them as payment, you dont' sell them at a loss. you hold.
this will reduce supply of available coins, increasing price. etc. the market will adapt, and then shop holders can sell them for a useful price.

volatility will still be an issue though. liquidity is the term that describes a currencies ability to maintain a constant price while being traded regularly.

how it all pans out is yet to be revealed

Skydog

newbie

Activity: 56

Merit: 0

Am I the only one here wondering about the economics of this entire thing?

We have an maximum amount of 106,000,000 coins with currently 21873600 coins being mined. With a pegg of 1:1 and an assumed price of $10 a pegg the current coin supply would be worth $2187360000 worth of coins or in other words twohundredsevetysixmillion dollar or in other words more than all other altcoins together. However, the current price of the coinis $0.015 or 1/10000 of the given pegg. Now when people are coming to your business and starting exchanging CANN for candy are you going to sell them the price at a lose? Do you believe the price will rise this extreme until you start exchanging the CANN for candy? How are you planning this to happen with so many people holding and trading with the coin? How are you dealing with vortality?

qratzpalatz

sr. member

Activity: 309

Merit: 250

Too weird to live,too rare to die ;)

Quote from: nukefxr on September 06, 2014, 09:10:09 PM

I dont have many Cannabiscoin but i just donated 50 coins to help Charlotte Figi. I challenge the Cann community to match or beat me.. Lets show support and help this little girl have a better life..
YES WE CANN

Charlotte Figi Escrow Wallet : CHRpGgAwiiFjm3RKKk1HgRpFTxbxtS9Joj

1k CANN sent

Quote from: CannabisCoinDev on September 07, 2014, 04:41:31 AM

Here is Peters Donation Address. Let's make him feel welcomed!
CGdWNoXE3dAQomfQKkptAgJAPGVTNwskWi

~D9

Sent some coins...

paycum

sr. member

Activity: 518

Merit: 250

Quote from: corather on September 07, 2014, 06:07:28 AM

Quote from: paycum on September 07, 2014, 05:56:42 AM

will there also be some kind of market places where you can sell cannabis related items anonymously?

I'm sure it's possible. Most if not all items that are cannabis related are legal to sell without licensing. It's only the substance that's controlled. Everyone sells bongs and pipes out here, completely legal.

true, but lets say i want to sell ecigs with thc then that will be illegal in most countries or at least it will be a grey area

so i would rather do that anonymously...

Skydog

newbie

Activity: 56

Merit: 0

Quote from: DubFX on September 07, 2014, 05:47:04 AM

Quote from: Skydog on September 07, 2014, 05:39:49 AM

Quote from: DubFX on September 07, 2014, 04:29:09 AM

Quote from: CryptoLogo on September 07, 2014, 04:16:50 AM

Its cool man. Market determines prices not hopes dreams thoughts or magical wishes. Regardless of who rubs the lamp.
Im a professional trader. Greed blinds people I've seen it a million times.
Real profits over phantom profits for me.
Everyone to their own.

Well i've been able to buy only 20k as i'm currently in really tought life situation and i've lost my job that had really low salary anyway.
So i hope that we could skyrocket and that it could help me and my gf move to our own flat...
That's why i'm bitching so mutch. And yep i've seen greed blind people alot of times too.

If you are in for fast profit you shouldn't invest in cann.

No, I believe in this coin and holding some. But there is still a high risk and it will take some time before price go up. Better go daytrading and get small profits on coins like ETHAN or HAL.

I'm not in for fast profit even thought i'm hoping i could get some profit in month or two but i'll def. not sell everything, max 1/2 of my holdings if i'll need fiat.
I've only described the situation why i get angry quite easy lately.
Also i'm not into daytrading.

What country are you from?

corather

legendary

Activity: 1708

Merit: 1000

Solarcoin.org

Quote from: paycum on September 07, 2014, 05:56:42 AM

will there also be some kind of market places where you can sell cannabis related items anonymously?

I'm sure it's possible. Most if not all items that are cannabis related are legal to sell without licensing. It's only the substance that's controlled. Everyone sells bongs and pipes out here, completely legal.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: paycum on September 07, 2014, 05:56:42 AM

will there also be some kind of market places where you can sell cannabis related items anonymously?

Something like Cannabis road? Cheesy

paycum

sr. member

Activity: 518

Merit: 250

will there also be some kind of market places where you can sell cannabis related items anonymously?

CryptoLogo

sr. member

Activity: 656

Merit: 251

www.fintropy.io

I don't attach speed rankings to profit. High risk low risk, as long as you accept level of risk.
I trade everything and anything not just crypto. ^pro
Don't discriminate against $$$ its all pay.

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: Skydog on September 07, 2014, 05:39:49 AM

Quote from: DubFX on September 07, 2014, 04:29:09 AM

Quote from: CryptoLogo on September 07, 2014, 04:16:50 AM

Its cool man. Market determines prices not hopes dreams thoughts or magical wishes. Regardless of who rubs the lamp.
Im a professional trader. Greed blinds people I've seen it a million times.
Real profits over phantom profits for me.
Everyone to their own.

Well i've been able to buy only 20k as i'm currently in really tought life situation and i've lost my job that had really low salary anyway.
So i hope that we could skyrocket and that it could help me and my gf move to our own flat...
That's why i'm bitching so mutch. And yep i've seen greed blind people alot of times too.

If you are in for fast profit you shouldn't invest in cann.

No, I believe in this coin and holding some. But there is still a high risk and it will take some time before price go up. Better go daytrading and get small profits on coins like ETHAN or HAL.

I'm not in for fast profit even thought i'm hoping i could get some profit in month or two but i'll def. not sell everything, max 1/2 of my holdings if i'll need fiat.
I've only described the situation why i get angry quite easy lately.
Also i'm not into daytrading.

Skydog

newbie

Activity: 56

Merit: 0

Quote from: DubFX on September 07, 2014, 04:29:09 AM

Quote from: CryptoLogo on September 07, 2014, 04:16:50 AM

Its cool man. Market determines prices not hopes dreams thoughts or magical wishes. Regardless of who rubs the lamp.
Im a professional trader. Greed blinds people I've seen it a million times.
Real profits over phantom profits for me.
Everyone to their own.

Well i've been able to buy only 20k as i'm currently in really tought life situation and i've lost my job that had really low salary anyway.
So i hope that we could skyrocket and that it could help me and my gf move to our own flat...
That's why i'm bitching so mutch. And yep i've seen greed blind people alot of times too.

If you are in for fast profit you shouldn't invest in cann.

No, I believe in this coin and holding some. But there is still a high risk and it will take some time before price go up. Better go daytrading and get small profits on coins like ETHAN or HAL.

ocminer

legendary

Activity: 2702

Merit: 1240

Quote from: meccoin4me on September 07, 2014, 05:31:12 AM

i almost watch all new coins , this coin is months old and new for me , mining it and going to buy some , i am from holland and a daily smoker and my wife is crazy of this coin , me too

Holland must be great

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: meccoin4me on September 07, 2014, 05:31:12 AM

i almost watch all new coins , this coin is months old and new for me , mining it and going to buy some , i am from holland and a daily smoker and my wife is crazy of this coin , me too

Maybe you could work with some local coffee shops and offer them accepting CANN? Tongue

meccoin4me

hero member

Activity: 504

Merit: 500

Bitcoin is getting bigcoin

i almost watch all new coins , this coin is months old and new for me , mining it and going to buy some , i am from holland and a daily smoker and my wife is crazy of this coin , me too

CannabisCoinDev

hero member

Activity: 490

Merit: 500

The Official CannabisCoin Team [CANN]

Quote from: qratzpalatz on September 06, 2014, 02:15:32 PM

Quote from: bushstar on September 06, 2014, 12:16:37 PM

Hi everyone Grin

I am joining the CannabisCoin development team and will be putting in a lot of hours to help improve and develop the coin. I have been in the crypto scene for many years now and have helped many projects in the past. My other home is Feathercoin which I launched over a year ago now and to which I am still committed. For a while now I have been in some contact with members of CannabisCoin and have heard many good things about the good work that has been going on over here. The genius in this coin is seeing what will survive in the future. Looking at historical markets new things like crypto, after they get mass market adoption, the markets will segment, Bitcoin will probably take the main stage but those who work to find their niche will survive with their own market. Cannabis is a market that Bitcoin will not openly follow into, CannabisCoin will rule this market segment and in turn secure its future. Kudos to the CannabisCoin's creators seeing the need for this sort of coin and that it is a niche that can survive through market segmentation.

Now to get to some work, my first order of business is to get a DNS seeder up and running for CannabisCoin. This is the first thing that clients connect to when firing up and from the seeder they get a list of other nodes to connect to. Once we have this in place and added to the source code new users will not have to worry about addnode details as the client will automatically connect. This is only a start to some of the work that will go into making the coin software and its network the best it can be by improving the network infrastructure and security. There are many options in front of us and the best technical direction needs to be decided once initial work has been completed.

I'm happy to be here and I hope people are happy to have me.

You are very welcome Cheesy

I appreciate time and energy you will put in this project...

Do you have donation address?

Here is Peters Donation Address. Let's make him feel welcomed!
CGdWNoXE3dAQomfQKkptAgJAPGVTNwskWi

~D9

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: CryptoLogo on September 07, 2014, 04:16:50 AM

Its cool man. Market determines prices not hopes dreams thoughts or magical wishes. Regardless of who rubs the lamp.
Im a professional trader. Greed blinds people I've seen it a million times.
Real profits over phantom profits for me.
Everyone to their own.

Well i've been able to buy only 20k as i'm currently in really tought life situation and i've lost my job that had really low salary anyway.
So i hope that we could skyrocket and that it could help me and my gf move to our own flat...
That's why i'm bitching so mutch. And yep i've seen greed blind people alot of times too.

CryptoLogo

sr. member

Activity: 656

Merit: 251

www.fintropy.io

Its cool man. Market determines prices not hopes dreams thoughts or magical wishes. Regardless of who rubs the lamp.
Im a professional trader. Greed blinds people I've seen it a million times.
Real profits over phantom profits for me.
Everyone to their own.

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: CryptoLogo on September 07, 2014, 03:40:10 AM

Quote from: DubFX on September 07, 2014, 03:23:19 AM

Quote from: CryptoLogo on September 07, 2014, 02:21:16 AM

4th flawless CANN trade. Cool

Plus I donated to that poor child Cry

Are you really dumping at 1800 and buying at 1200? Wow sutch profit...come on dude, seriously stop fucking up the market for few mbtcs..

haha thats just a sample (pages long much BTC profit) besides, Im shaking out weak hands. Slow growth is better.
Dont worry Ill moon it eventually.

Well sorry for insulting you then but i don't like that you're trying to keep it low anyway...i hope it will skyrocket but i don't know why you're saying that YOU will moon it eventually? Roll Eyes