There you go. I didn't realize it could be a tad easier. My thinking about this whole project is, if D9 and Co. didn't do this, somebody else will.
My goodness!
Do you guys look at a rasher of bacon and open your mouths as though you are trying to swallow a whole pig?
No? Then why insist on viewing Yes We CANN as such a gargantuan task?
Does CANN need to be immediately backed by 100 tons of marijuana? Of course it does not.
Look at the distribution on BitTrex, just by way of example.
The top 50 accounts hold what, about 20,000,000 CANN?
Say those account holders ALL lived within the sales zone of just one dispensary and that dispensary chose their policy as providing each patient with one pegged CANN purchase per day, those 20,000,000 CANN could qualify for just 50 grams of CANNdy mmj per day, not 20,000,000 grams.
So, does meeting a daily supply demand of a little under 2 ounces sound easier than 44,000 pounds?
Even though that sum involves some of the densest CANN ownership rates the real-world sum doesn't change that much. Suppose you managed to spread CannabisCoin ownership to an even 1,000 CANN per patient, you are still only looking at 0.1% of the supply demand people are talking about here.
If and it is a huge "if" - if we can achieve 1,000 daily CANN-for-gram users by this time next year that will be a magnificent result and one where we are talking about a total one-year supply demand of 365 kilos, not the 106 metric tonnes which would be involved in a single use of CannabisCoin's total maximum coin supply (as planned at swap to X11 last year).
Does 1,000 seem a much more manageable figure than 106,000,000?
Will we be looking at 1,000 users within a year? I certainly hope so.
Will we be looking at a daily turnover of the entire coin supply and need to meet such a supply demand of CANNdy at pegged rates? Of course not.
Ideally we are looking for dispensaries installing the means to handle CannabisCoin transactions for their mmj clients and using CANN for their electronic point of sale - at market rates - for general transactions. Transactions at market rates don't have peg support and thus don't count toward required CANNdy supply. Most CannabisCoin are likely to be involved in transactions at market rates.
Stop looking at a demand for a rasher of bacon as having to supply the whole pig. There's a lot of work ahead before we get a lot of mmj users on CANN-support and likely only a small proportion of CANN transactions will be pegged at 1 CANN for 1 gram.
CANNdy and Yes We CANN are entirely doable and ∆9 and the team are busting a gut to deliver in the shortest practicable time. The least you guys can do is pencil out the numbers on the back of an envelope before hand-waving about what can be and is being done.
Edited for typo
Thanks for the post clearing that up. Any idea when Cannabiscoins will be accepted at HWC again?
Thanks.
edit: And since reality has finally set in by reading your post... It's been almost a year... What has CANN achieved so far? It might be good to show your supporters the achievements and the roadmap, if possible.
Thanks again.
Hi tokeweed.
The simple answer is that I don't know HWC's schedule for adapting their Point-of-Sale system to restore CannabisCoin transactions.
With regard to the rest the Yes We CANN movement is a hybrid child of two of the most controversial topics in the U.S.: cryptocurrency and State-legal/Federally-illegal medical marijuana - in some cases recreational marijuana too.
This leads to tension between the hyperactive, short life-cycle crypto ecosystem along with the immediately-if-not-sooner needs and desires of crypto traders and the careful, one step at a time, always in compliance with rapidly evolving legislative and local ordinance State requirements of medical marijuana providers. That tightrope must be negotiated while avoiding drawing too much attention from the Feds who do not recognize State rights to determine their own path on what is Federally classed as a Schedule I narcotic of no medicinal value.
Because federal agencies and prosecutors have displayed a nasty proclivity for shutting down State-legal dispensaries and marijuana cultivators there has been a certain reluctance to publish road maps and brochures, although this is slowly changing as rogue agencies are brought to heel.
You'd like to know what has been accomplished so far and the answer is one heck of a lot.
You will realize that locating and purchasing land and/or facilities in places licensed for marijuana growing takes significant time and yes, exactly where marijuana may be grown is tightly controlled and strictly licensed.
Then there's outfitting the grows with hybrid solar and wind power, DeltaNine's grows are fully or partially off grid. That's in addition to outfitting the actual grow facilities. That's all before growing pilot test grows to determine which strains do well in particular sites and deliver the desired product - then you have to propagate and actually grow the crops.
You can see some of the pictures ∆9 used to post of facility build-outs and significant developments starting in an old thread
here;
here;
here and
here, for example, suit yourself if you bother scrolling through for more.
Unfortunately pictures of progress used to stir too much jealousy, precipitate such FUD storms from competing coins, waste so much time and distract focus that they were not worth it and eventually the policy became one of announcement only ex post facto, with virtually no progress photos posted along the way anymore. Very sad for genuine supporters but the bottom line is that people can't work and be in here hosing off FUD at the same time.
So, for a quick overview then ∆9 is involved with several partners in commercial grows with some portion of the crops to be devoted to CANNdy supply, the CannLab, which is devoted entirely to developing CANNdy strains, been working with partners on the requirements for a dispensary in Phoenix, all in Arizona, has been developing relations with mj businesses in Colorado, where his family has considerable land holdings, doing similarly with businesses in Nevada and was looking at cannabis-licensed land in California (I don't know the results of that).
There are plenty of other developments besides the grows too but as I said, they will only be announced ex post facto.
This is a large, complex and multi-year project which is proceeding extremely well. If its somewhat cumbersome pace drags too much for crypto traders that's fine, no one here will think poorly of them jumping ship for something shinier and if they happen to miss sudden step increases in CannabisCoin's exchange rate when achievements are announced, I'm afraid that's life.
Hopefully this helps you catch up on the what and why of CannabisCoin without having to wade through 500-odd pages of forum posts.
Cheers from the land down-under.