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Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 238. (Read 492677 times)

legendary
Activity: 1246
Merit: 1000
Can anyone summarize the main reason a store wants to adopt CANN? What are the main benefits for them?

You understand the issues stores have when almost all the transactions are cash? Some large dispensaries are doing $300,000.00 a day. That makes them a nice big target. Cannabis currency will help that a lot.

That makes sense, thank you

$300k a DAY, and why do people think this coin can't meet gram parity again?
hero member
Activity: 540
Merit: 500
Can anyone summarize the main reason a store wants to adopt CANN? What are the main benefits for them?

You understand the issues stores have when almost all the transactions are cash? Some large dispensaries are doing $300,000.00 a day. That makes them a nice big target. Cannabis currency will help that a lot.

That makes sense, thank you
hero member
Activity: 663
Merit: 501
Can anyone summarize the main reason a store wants to adopt CANN? What are the main benefits for them?

You understand the issues stores have when almost all the transactions are cash? Some large dispensaries are doing $300,000.00 a day. That makes them a nice big target. Cannabis currency will help that a lot.
hero member
Activity: 540
Merit: 500
Can anyone summarize the main reason a store wants to adopt CANN? What are the main benefits for them?
sr. member
Activity: 436
Merit: 250
Well i ordered from drgreenstore.com...  I will confirm here if/when they arrive and if I also receive my freebies for using bitcoin.  If the site confirms legit I hope that CANN can get added as a payment option Smiley.  I will be contacting them as soon as I have confirmation and again will post here aswell Smiley.

CANT WAIT FOR THE CHEESE. 

I had some about a year ago and the flavor is insanity.  I yearn for it... I need it... The cheese is mine Smiley

That cheese does look good.  I'll be watching to see if your order arrives.

I don't smoke any more, but would love to try a bit of that in one of my recipes.
sr. member
Activity: 440
Merit: 250
Well i ordered from drgreenstore.com...  I will confirm here if/when they arrive and if I also receive my freebies for using bitcoin.  If the site confirms legit I hope that CANN can get added as a payment option Smiley.  I will be contacting them as soon as I have confirmation and again will post here aswell Smiley.

CANT WAIT FOR THE CHEESE. 

I had some about a year ago and the flavor is insanity.  I yearn for it... I need it... The cheese is mine Smiley
sr. member
Activity: 434
Merit: 250
Nice price action tonight!
Gotta agree with this..back to 1000+ satoshis were we should atleast be for now Wink
full member
Activity: 361
Merit: 137
Nice price action tonight!
hero member
Activity: 663
Merit: 501
congratulations to all holds of this coin

I am a potcoin dude bu clearly I should have bought some of these

Buy some now, it's still under priced. Don't hold out on yourself.

Indeed! Im in for a quarter million at 51 sat.
newbie
Activity: 46
Merit: 0
Still rocking away mining. Kicking myself for not sticking with it at launch for longer.  Cheesy
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
congratulations to all holds of this coin

I am a potcoin dude bu clearly I should have bought some of these

Buy some now, it's still under priced. Don't hold out on yourself.
sr. member
Activity: 294
Merit: 250
congratulations to all holds of this coin

I am a potcoin dude bu clearly I should have bought some of these
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
So who's idea was it to feed this coin to the whales/ multipools ?

CANN is being repeatedly flashmined thanks to the very generous difficulty adjustment algo.

full member
Activity: 154
Merit: 100
Here is another possibility....

You could start off at 1000 cann = 1 gram. Then as buy support increases and as more dispensaries start offering cann, you could go to 500 cann = 1 gram.

Then you could go to 100, 50, 10, 1 etc.

I'm just thinking that this would solve 2 problems:

1. This would obviously solve the problem of cann having so many coins.

2. This would solve the problem of traders dumping the coin because people would want to hold on to their cann for when it goes from 1000 to 500, etc.

You could even have exact dates named where the peg would change.



You really think current supply of about 76 million Cannabis is alot?
Then see this: http://sneakhype.com/news/2011/02/contact-high-mexico-burns-134-tons-of-marijuana.html

And think again!

134 Tonne = 134 Million Grams
So, 76 Million Cann if Pegged 1 CANN per Gram = 76 Million Grams = 76 Tonne.... Don't seem like a really big deal any more isn't it?

And you honestly think the World Supply doesn't have way more than 420 Million Grams out there? But wait, it shouldn't be too much of a concern going forward as it will take 8.5 years to mine all any way.
Oh and please remember, not everyone holding CANN will want to exchange CANN for Cannabis every single day. I will say about 95% will be hoarded and the remaining 5% will be used for actual exchange of CANN to Cannabis.

Remember, like what Cann Dev has said, "Cannabis is Limitless".

Limitless Definition: without limit; boundless.

Or it could also mean: unbounded, measureless, unending, countless.

Going by your suggestion is no different from a block reward halving, why do that? Who controls it? Who decides how much and when?

I say we peg once and for all 1 CANN per Gram and introduce daily restrictions based on Medical and Recreational usage accordingly.
Then increase the daily restrictions as supply grows.

That's the best way to control demand and give CANN a stable value LONG TERM!

+1 The main idea here is to introduce daily restrictions based on Medical and Recreational usage accordingly

yes this is achievable
legendary
Activity: 1246
Merit: 1000
Here is another possibility....

You could start off at 1000 cann = 1 gram. Then as buy support increases and as more dispensaries start offering cann, you could go to 500 cann = 1 gram.

Then you could go to 100, 50, 10, 1 etc.

I'm just thinking that this would solve 2 problems:

1. This would obviously solve the problem of cann having so many coins.

2. This would solve the problem of traders dumping the coin because people would want to hold on to their cann for when it goes from 1000 to 500, etc.

You could even have exact dates named where the peg would change.



You really think current supply of about 76 million Cannabis is alot?
Then see this: http://sneakhype.com/news/2011/02/contact-high-mexico-burns-134-tons-of-marijuana.html

And think again!

134 Tonne = 134 Million Grams
So, 76 Million Cann if Pegged 1 CANN per Gram = 76 Million Grams = 76 Tonne.... Don't seem like a really big deal any more isn't it?

And you honestly think the World Supply doesn't have way more than 420 Million Grams out there? But wait, it shouldn't be too much of a concern going forward as it will take 8.5 years to mine all any way.
Oh and please remember, not everyone holding CANN will want to exchange CANN for Cannabis every single day. I will say about 95% will be hoarded and the remaining 5% will be used for actual exchange of CANN to Cannabis.

Remember, like what Cann Dev has said, "Cannabis is Limitless".

Limitless Definition: without limit; boundless.

Or it could also mean: unbounded, measureless, unending, countless.

Going by your suggestion is no different from a block reward halving, why do that? Who controls it? Who decides how much and when?

I say we peg once and for all 1 CANN per Gram and introduce daily restrictions based on Medical and Recreational usage accordingly.
Then increase the daily restrictions as supply grows.

That's the best way to control demand and give CANN a stable value LONG TERM!


Agreed, as long as just a few growers and dispensaries accept it, that will be huge in itself. The United States dollar is backed on the faith in the institution of America's credit and economy, not whether the US truly has the actual tangible wealth or assets to back it up, it's all based on market sentiment. If the market begins to agree that CANN is worth 1 gram of Cannabis through responsible use of the coin to sell said commodity, than the psychological illusion is all that is necessary for the price to be that, not how much plants the developer has on hand.
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
Here is another possibility....

You could start off at 1000 cann = 1 gram. Then as buy support increases and as more dispensaries start offering cann, you could go to 500 cann = 1 gram.

Then you could go to 100, 50, 10, 1 etc.

I'm just thinking that this would solve 2 problems:

1. This would obviously solve the problem of cann having so many coins.

2. This would solve the problem of traders dumping the coin because people would want to hold on to their cann for when it goes from 1000 to 500, etc.

You could even have exact dates named where the peg would change.



I suggested this earlier but I was hit with the realization that not only cannabis will be sold for cannabis coin. Everything in the shops will be, you can easily double or triple your sales with various other purchases using cannabis coin on your visit. Not to mention the global market. At this point I do see 1 gram per cann as viable, it makes sense. But the devs will decide based on the numbers and not opinion which makes me very bullish on cannabis coin no matter what they decide. Smiley
hero member
Activity: 882
Merit: 502
Here is another possibility....

You could start off at 1000 cann = 1 gram. Then as buy support increases and as more dispensaries start offering cann, you could go to 500 cann = 1 gram.

Then you could go to 100, 50, 10, 1 etc.

I'm just thinking that this would solve 2 problems:

1. This would obviously solve the problem of cann having so many coins.

2. This would solve the problem of traders dumping the coin because people would want to hold on to their cann for when it goes from 1000 to 500, etc.

You could even have exact dates named where the peg would change.



You really think current supply of about 76 million Cannabis is alot?
Then see this: http://sneakhype.com/news/2011/02/contact-high-mexico-burns-134-tons-of-marijuana.html

And think again!

134 Tonne = 134 Million Grams
So, 76 Million Cann if Pegged 1 CANN per Gram = 76 Million Grams = 76 Tonne.... Don't seem like a really big deal any more isn't it?

And you honestly think the World Supply doesn't have way more than 420 Million Grams out there? But wait, it shouldn't be too much of a concern going forward as it will take 8.5 years to mine all any way.
Oh and please remember, not everyone holding CANN will want to exchange CANN for Cannabis every single day. I will say about 95% will be hoarded and the remaining 5% will be used for actual exchange of CANN to Cannabis.

Remember, like what Cann Dev has said, "Cannabis is Limitless".

Limitless Definition: without limit; boundless.

Or it could also mean: unbounded, measureless, unending, countless.

Going by your suggestion is no different from a block reward halving, why do that? Who controls it? Who decides how much and when?

I say we peg once and for all 1 CANN per Gram and introduce daily restrictions based on Medical and Recreational usage accordingly.
Then increase the daily restrictions as supply grows.

That's the best way to control demand and give CANN a stable value LONG TERM!

+1 The main idea here is to introduce daily restrictions based on Medical and Recreational usage accordingly
newbie
Activity: 48
Merit: 0
Here is another possibility....

You could start off at 1000 cann = 1 gram. Then as buy support increases and as more dispensaries start offering cann, you could go to 500 cann = 1 gram.

Then you could go to 100, 50, 10, 1 etc.

I'm just thinking that this would solve 2 problems:

1. This would obviously solve the problem of cann having so many coins.

2. This would solve the problem of traders dumping the coin because people would want to hold on to their cann for when it goes from 1000 to 500, etc.

You could even have exact dates named where the peg would change.



You really think current supply of about 76 million Cannabis is alot?
Then see this: http://sneakhype.com/news/2011/02/contact-high-mexico-burns-134-tons-of-marijuana.html

And think again!

134 Tonne = 134 Million Grams
So, 76 Million Cann if Pegged 1 CANN per Gram = 76 Million Grams = 76 Tonne.... Don't seem like a really big deal any more isn't it?

And you honestly think the World Supply doesn't have way more than 420 Million Grams out there? But wait, it shouldn't be too much of a concern going forward as it will take 8.5 years to mine all any way.
Oh and please remember, not everyone holding CANN will want to exchange CANN for Cannabis every single day. I will say about 95% will be hoarded and the remaining 5% will be used for actual exchange of CANN to Cannabis.

Remember, like what Cann Dev has said, "Cannabis is Limitless".

Limitless Definition: without limit; boundless.

Or it could also mean: unbounded, measureless, unending, countless.

Going by your suggestion is no different from a block reward halving, why do that? Who controls it? Who decides how much and when?

I say we peg once and for all 1 CANN per Gram and introduce daily restrictions based on Medical and Recreational usage accordingly.
Then increase the daily restrictions as supply grows.

That's the best way to control demand and give CANN a stable value LONG TERM!
sr. member
Activity: 392
Merit: 255
watch this one.

+1. CANN market cap still under $300,000 and it has one of the hardest working teams in crypto Cheesy
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