So when can we expect some strong news?
Never. This will never be used for cannabis industry for one simple reason: why the fuck would they use some random ass coin made by some random ass people as a currency in dispensarys? The answer: They Wont. They would just use bitcoin or litecoin or whatever if that were the case, and many do.. But they are not going to use some unreliable project that is more than likely a money grab to get the "devs" a bag. No reputable dispensary is going to use this for "in dispensary purchases" and your "tokes transaction protocol" is a very cute way to say "standard cloned cryptocurrency". Nothing on their roadmap has happened, not even a shitty mobile app for the shitty shitcoin.
Edit: If you dont believe me, look at the first page of this ANN. Still just "mockups" and promises of things that will come "later". Its snakeoil.
Edit: "proven transaction model" more buzzwords. We can go all day with this.
I'm sorry you feel that way. I'd actually encourage you to read through our Newsletters, as that's where we post the majority of the content. We maintain this thread for some basic questions. And regarding adoption, we actually DO have it. You can currently purchase cannabis with tokes as Pisos in Las Vegas. We've processed over $1300 in transactions in the last month and a half. While that number isn't a blockbuster, it's better that most cryptocurrencies can claim, let alone one dedicated to the cannabis industry.
Why are they using tokes? Well, because we are doing the business development necessary to get that integrated. Believe it or not, crypto is not exactly intuitive to implement into a business. It doesn't make sense to a lot of people. And they are intimidated by it. Particularly given the unfortunate cloud that surrounds bitcoin's use in the early days on sites like Silk Road. Many people still think the only people that use it are those that want to purchase illegal things on the internet anonymously. And who is going out there helping change that image? We are. And we're helping them set up and secure wallets. And we're also educating them on the numerous benefits that this technology brings to their business. The result is that they trust us, and they adopt our currency. Because guess what else, when something goes wrong, they have someone they can call direct via cell phone.
And, as we've clarified in newsletters and in slack, it would be redundant for us to build out our own mobile app for the time being. We've refocused that energy on more productive components of the project, namely a merchant gateway and building relationships. Those transactions through Pisos I referred to...they're all processed through the Waves mobile app, which is accessible on both iOS and Android. And the fees, they cost less than a penny per transaction, and blocks process in less than 30 seconds on average. So yea, that functionality is in place. We'll put some focus back on the dispensary locator and strain index when we scale up the team and have more resources to allocate there.
So next time, I'd suggest doing a little research before you post derogatory information erroneously. Just makes you look foolish.
Edit: We're also ahead of schedule on most items on that roadmap.
Edit: Check back in next month's newsletter for a full description of our revised business model and accompanying website.
