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Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 244. (Read 492677 times)

full member
Activity: 147
Merit: 100
Super update, count me in. I am a little on the fence with the price being tied to a gram, grams are a lot more expensive these days, but I am not someone that will deny the possibilities of the future. All the other cann coins out there will get smoked for sure. Keep up the great work, the constant activity, and one day we cann all get together and celebrate.
sr. member
Activity: 620
Merit: 289
Ⓚ KORE TEAM Ⓚ ★ Portuguese/SPA
newbie
Activity: 26
Merit: 0
Yes we CANN! Good work DeltaNine
hero member
Activity: 490
Merit: 500
The Official CannabisCoin Team [CANN]
Announcements & Latest Developments


First of all, Areds post was dead on.  To those who have not read it, here : https://bitcointalksearch.org/topic/m.8423852 READ IT!  I cannot comment on it further other than it being perfectly said.

I am starting to see a lot of responses from the community and seeing the same names pop up contributing to the growth and success of CannabisCoin.  Amazing Community!

Collaboration and contribution is how WE make things happen.  We team together and everyone will contribute to the vision, movement, and the future of CannabisCoin as a whole.

Pegging

Quote
1 CANN = 1 GRAM of Medical Marijuana
vs
10 CANN = 1 GRAM of Medical Marijuana

I would like to let the community know that the "Peg" will be officially announced before or by Sept. 1st, pending further discussion with "first gen" growers.  Could be any day.


Growers

We have secured two supplemental growers with their own grow facilities and specialty medical marijuana strains!

Some points were brought up during face to face discussions this past weekend.

- For faster adoption, they (growers) would like to participate in the movement and provide their current crops/strains that they have already 'specialized' in and ADD it to the CANNdy Inventory.

This would provide a few beneficial facts that we have agreed on.  

1) it would speed things up, they would not have to wait for CannabisCoin specific "Canndy" clones or seeds to mature to add to harvest.
2) No immediate transporting or distribution of the CannabisCoin specific "Canndy" strains on large scale, but rather gradual distribution while other strains can be slated for CANN "peg" prices.
3) it would also create a sub menu and variety of discounted meds for patients to choose from.  For example, adding another jar with "CANNdy" Main Label and then sub-labeled "L.A. Diesel Strain" etc. for that store.
4) Quicker adoption from other Dispensaries/Growers/Merchants
5) We could have "Canndy" meds on the shelves almost immediately!

QT Wallet Updates

We will be releasing soon, a wallet update to patch a couple of small issues (non noticeable issues), update the halving schedule, and implement the windows installer again for ease of use.


Mobile Web / HTML5 / QR Capable wallet

Currently active project, looking at possible issues, building API, transaction handling, etc.
We have a well-known dev in the community working on it.


More updates coming!

Lately, I have been busting balls, covered in cannabis resin from head to toe, endured Arizona monsoons, and many sleepless nights working to help make
CannabisCoin a reality.  It does not go without saying, that with the help and encouragement of the community, we CANN!  YES WE CANN!!!



~DeltaNine
let's keep going!

hero member
Activity: 882
Merit: 502
When is the official announcement about how many CANN is how many GRAM? Please give us an estimate date
Yeh devs, give some information, also maybe you cann give us some details about "new growers on board" ?
Thanks.
full member
Activity: 154
Merit: 100
...snip...

Try to think of CannabisCoin like a Global Currency used mainly for exchanging of Cannabis Worldwide, provided merchants Worldwide hop on board. You can go to Europe and still use your CannabisCoin to exchange for Cannabis at an agreed rate of 1 CannabisCoin per Gram, the same rate you would get in the USA. You don't have to exchange your US$ to Euro to make your purchase.

I like to think that since the Cann Devs have the vision to embrace crypto right from the start for a new and quite possibly the fastest-growth industry, I am sure they have more uses and exciting plans for CannabisCoin ahead.

And for that reason, I'm ALL IN !!!

Hey Ared. Cheers for that post.
I am not an economist, so not sure how correct you are, so maybe only time will tell.

I do hope that CannabisCoin will be adopted worldwide, and I'd love personally to setup grows and/or dispensaries in AUS & NZ when the govts here finally decriminalizes the MJ. Although I suspect NZ will be 5+ years before Australia.
If this all comes to pass, my concern would be the potential lack of supply of CannabisCoin.

So, If CANN were to be pegged to a gram, I think 1:1 would be the way to go.


Interesting Read http://www.leafscience.com/2014/06/26/10-countries-smoke-marijuana/


Edited to add:

While I'm not quite 'all in', CANN is the largest portion of my modest crypto portfolio.

+1
sr. member
Activity: 436
Merit: 250
...snip...

Try to think of CannabisCoin like a Global Currency used mainly for exchanging of Cannabis Worldwide, provided merchants Worldwide hop on board. You can go to Europe and still use your CannabisCoin to exchange for Cannabis at an agreed rate of 1 CannabisCoin per Gram, the same rate you would get in the USA. You don't have to exchange your US$ to Euro to make your purchase.

I like to think that since the Cann Devs have the vision to embrace crypto right from the start for a new and quite possibly the fastest-growth industry, I am sure they have more uses and exciting plans for CannabisCoin ahead.

And for that reason, I'm ALL IN !!!

Hey Ared. Cheers for that post.
I am not an economist, so not sure how correct you are, so maybe only time will tell.

I do hope that CannabisCoin will be adopted worldwide, and I'd love personally to setup grows and/or dispensaries in AUS & NZ when the govts here finally decriminalizes the MJ. Although I suspect NZ will be 5+ years before Australia.
If this all comes to pass, my concern would be the potential lack of supply of CannabisCoin.

So, If CANN were to be pegged to a gram, I think 1:1 would be the way to go.


Interesting Read http://www.leafscience.com/2014/06/26/10-countries-smoke-marijuana/


Edited to add:

While I'm not quite 'all in', CANN is the largest portion of my modest crypto portfolio.
sr. member
Activity: 336
Merit: 250
Absolutely AWESOME post ared!!!!
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
I need to rub my eyes a little. I see the bid and ask price are the same on Bittrex.

That's a very good sign.
legendary
Activity: 1708
Merit: 1000
Solarcoin.org
When cann reaches parity I'm taking a road trip. I don't have a prescription for the herb, but I will buy a few shirts and a hat or two with cann. Cheesy And I'll get to meet you guys.
full member
Activity: 154
Merit: 100
Spoke with DeltaNine today and he should be back after 3pm MST.
He briefly mentioned about meeting with growers and their thoughts and would like to discuss it with the team and community!

He also mentioned we have other Growers ON BOARD!


Thats good news
sr. member
Activity: 392
Merit: 255

Try to think of CannabisCoin like a Global Currency used mainly for exchanging of Cannabis Worldwide, provided merchants Worldwide hop on board. You can go to Europe and still use your CannabisCoin to exchange for Cannabis at an agreed rate of 1 CannabisCoin per Gram, the same rate you would get in the USA. You don't have to exchange your US$ to Euro to make your purchase.

I like to think that since the Cann Devs have the vision to embrace crypto right from the start for a new and quite possibly the fastest-growth industry, I am sure they have more uses and exciting plans for CannabisCoin ahead.

And for that reason, I'm ALL IN !!!

Whether people are for/against the pegging idea, it's a new idea from these guys and we should all support them. 

They already done loads of innovations to get mainstream adoption and make CANN unique.

The fact they are so open and we can see them out there working to grow the coin, and right now most alts crashing and CANN price rock solid.

This is really good progress.  I'm not all in but buying as much as i CANN Cheesy


sr. member
Activity: 392
Merit: 255
Spoke with DeltaNine today and he should be back after 3pm MST.
He briefly mentioned about meeting with growers and their thoughts and would like to discuss it with the team and community!

He also mentioned we have other Growers ON BOARD!

DeltaNine met with few local Marijuana Growers and they ARE ON BOARD to Grow Canndy!
Joining the YesWeCANN movement!



This is great promotion & will help to introduce a lot of people to CANN who haven't heard of digital currencies. nice work! Cheesy
legendary
Activity: 966
Merit: 1000
Nice article! There is still big place for alot of publicity.
I also vote for 1gram = 1cann by the way.
newbie
Activity: 48
Merit: 0
I think a floating exchange rate, rather than pegged, is the way to go For CANN / CANNdy g

What happens if/when growers in Canada, Europe and other places adopt CANN in a similar way?

Demand  and prices in BTC could skyrocket.

I would look at.....

- initial (floating) exchange rate of 10 CANN = 1 gram CANNdy

Later, when CANN becomes more widely adopted, and demand increases significantly, the CANN/g could be reduced.
EG., 5 CANN/g, 2 CANN/g and eventually 1 CANN/g

This would have 2 advantages over pegged rate...
1... Cost in real terms could be stabilized
2....Early adopters/holders would see the increased demand reflected in increased value of CANN they already hold.


Edited to add....

The more I think about it... I think pegging the price is a bad idea.
Sure... In a closed system where CANNdy is the only product range available....
But not in a global market where CANNdy may be only one if many products, from many suppliers are the world, available.

I am happy to bet that a permanent pegged rate would be changed within one year when CannabisCoin begins to see adoption by 3rd party suppliers..

This! +1.
crypto is crypto, it has legs of it's own, why tie it to any afk thing, whether it's gold, oil, urea, ganj? trust in the power of the people and let a gram of your best rise to it's own level

 I thought the whole point was for it to be directly tied to CANNdy
 All in all i am sure the devs will make the right decision

 I have been mining and reading forums since the first day of the coin turning to x11 and this is my first post so would like to say GREAT WORK DEVS  Smiley Smiley Smiley keep up the awesomeness Grin

Some people are just not understanding the purpose of peg in the first place.

This is what a peg will achieve:
1. Stability - No more wild fluctuations associated with many crypto currencies out there.
2. Value - Your CannabisCoin WILL definitely be worth more than it is now once the peg is announced. The less CannabisCoin required per gram, the more valuable your CannabisCoin, hence why 1 CannabisCoin per Gram is the best outcome!
3. Incentive - Assuming if you pay in cash per gram is US$17, the truth is, CannabisCoin will unlikely reach parity... So most likely a CannabisCoin will float at around US$10 to US$12 stable, the price discount will be significant enough to encourage even Non-Crypto users to learn and find out how to purchase CannabisCoin as a result.
4. Hoarding - Since there will be stability as a result of a peg, and because there is real exchange for goods (e.g. Cannabis, etc) of material value to a user especially if you are in need of Cannabis for medical reasons, many will choose to hoard and hold their CannabisCoin since the value supposedly won't drop by half overnight, as the exchange of 1 CannabisCoin per Gram still holds true, despite fluctuations in Bitcoin prices.

Whereas, when comparing to other "faith-backed" coins out there, more often than not, unfortunately faith do die out over time... And as a result, the faith-backed coins you are holding will be devalued to zero.

So this is where Cann Devs want to make a difference, NO MORE SHITCOINS!

Only asset-backed coins like CannabisCoin will be for the long-term!

"What happens if/when growers in Canada, Europe and other places adopt CANN in a similar way?"
Since gram will always be a gram and of course different strains = different quality, then price will always be different. We can't have a 1 size fit all pegging. Now, let's assume the peg is for a certain strain which costs US$20 and since the peg is for 1 CannabisCoin per Gram, then the CannabisCoin has inherited a value of US$20 overnight.

So let's say someone in Europe has a lower quality and cheaper strain which costs US$10 and wants to adopt CannabisCoin, then he can easily price it at 0.5 Cann per Gram for that lower quality strain. Simple right?
Now let's say someone in Canada has a higher quality and more expensive strain which costs US$30 and wants to adopt CannabisCoin too, then he can easily price it at 1.5 Cann per Gram for that higher quality strain. Problem solved!

"Later, when CANN becomes more widely adopted, and demand increases significantly, the CANN/g could be reduced.
EG., 5 CANN/g, 2 CANN/g and eventually 1 CANN/g"

You see, it's easier to set something right, RIGHT from the start. I mean, isn't it easier we start with 1 CannabisCoin per Gram and limit the demand by usage purpose:
Recreational users will be limit to 1 gram daily.
Medical users will be limit to 3 grams daily.

The limit can be raised accordingly when the supply is able to meet the demand. It's so much easier to control the demand this way, rather than reduce the Cann used per gram to 1 eventually.

"The more I think about it... I think pegging the price is a bad idea.
Sure... In a closed system where CANNdy is the only product range available....
But not in a global market where CANNdy may be only one if many products, from many suppliers are the world, available."


Try to think of CannabisCoin like a Global Currency used mainly for exchanging of Cannabis Worldwide, provided merchants Worldwide hop on board. You can go to Europe and still use your CannabisCoin to exchange for Cannabis at an agreed rate of 1 CannabisCoin per Gram, the same rate you would get in the USA. You don't have to exchange your US$ to Euro to make your purchase.

I like to think that since the Cann Devs have the vision to embrace crypto right from the start for a new and quite possibly the fastest-growth industry, I am sure they have more uses and exciting plans for CannabisCoin ahead.

And for that reason, I'm ALL IN !!!
hero member
Activity: 490
Merit: 500
The Official CannabisCoin Team [CANN]
Read this GREAT! Article:

http://www.cryptoarticles.com/crypto-news/cannabiscoin-bringing-medical-marijuana-to-the-consumer-via-canndy-strains

FYI,

CannabisCoin is NOT limited to only CANNDY strains! - Get whatever 'smokes' your boat!
hero member
Activity: 490
Merit: 500
The Official CannabisCoin Team [CANN]
Spoke with DeltaNine today and he should be back after 3pm MST.
He briefly mentioned about meeting with growers and their thoughts and would like to discuss it with the team and community!

He also mentioned we have other Growers ON BOARD!

DeltaNine met with few local Marijuana Growers and they ARE ON BOARD to Grow Canndy!
Joining the YesWeCANN movement!


hero member
Activity: 882
Merit: 502
Spoke with DeltaNine today and he should be back after 3pm MST.
He briefly mentioned about meeting with growers and their thoughts and would like to discuss it with the team and community!
you read my mind, thanks  Grin
hero member
Activity: 490
Merit: 500
The Official CannabisCoin Team [CANN]
Spoke with DeltaNine today and he should be back after 3pm MST.
He briefly mentioned about meeting with growers and their thoughts and would like to discuss it with the team and community!

He also mentioned we have other Growers ON BOARD!
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