Let's imagine we are 5 years down the road, and we have smart contracts. Do you guys think any of these individual blockchains matter? Not really. It's entirely possible to not only merge-mine, but also "merge-contract" blockchains whereby we can confirm blocks on the CannabisCoin chain as well as the Cannacoin chain through mining, staking, or other methods of consensus.
This is basically what was envisioned by Jed McCaleb who created the Ripple protocol, which was the first shot across the bow that showed that the value was not in the mining but in the transmission of value over a decentralized network of consensus. Mining is just one way to find consensus of the ledger (blockchain).
Let's say that you have a miner mining CannabisCoin and a staker staking Cannacoin. Utilizing smart contracts, you could actually provide consensus on both or either of these blockchains through different methods of consensus simultaneously. And then let's say you issue an IOU on the Ripple network and create a gateway to these blockchains. You now are utilizing three different methods to perform transactions and in the end they all result in transaction consensus.
Right now we have a proliferation of bitcoin/litecoin based networks. The ones that survive will be the one's that adapt to the future and join forces to work on smart contracts and development.
This is why Cannacoin will be moving to the Blackcoin PoS 2.0 codebase, as it will fast-trak us to the BlackHalo smart contracts system where we can co-develop with the best and brightest in crypto.
I'm also extensively knowledgeable of the Ripple protocol and the Codius smart contracts platform. I have test-issued Cannacoin on the Ripple network and experimented in redemption. I've developed relationships with gateway providers on that network (XNF trading, Coinex New Zealand, SnapSwap).
Why does any of this matter? Because in the end the goal is basically the same. Along the way, we have the opportunity to pinpoint our resources towards specific industries such as Cannabis.
This is where branding and platform development come together. In the end, it has to be about Cannabis, because it's really not about our individual blockchains.
I just got off the phone with our developer, SubCreative (Josh) of Cannacoin.
Here are some areas where Cannacoin sees co-development in the short-term:
1) Integrating CannabisCoin into the CannaPay platform and partnering for regulatory compliance on money transmitting (following the laws)
2) Co-development on secure wallet services, mobile payment platforms, and merchant processing (CannaPay)
3) Integrating CannabisCoin into the CannaCart platform (an in-house developed open cart plug-in) for accepting payments and an industry specific BTC/CCN/CANN solution
4) Merge the goals of our coins and develop an economic pact for the Southwest with the Pacific Northwest (Cannacoin is based in Seattle Washington)
5) Political organization to protect patients rights to obtain Cannabis-based medicines
6) Fundraising for patients that are in dire need of help
Let's make it happen.
hehehehe after CCN (CannaCoin) dev wrote here about this the price from CCNcoin went up x3... would be good for him to clarify what happen with the old thread from CCN before i get in, im not so sure after reading all the problems they have with they community (some forum about medical weed)
please @tokyopotato dont take it on the bad way but would be good to be clear about all that