Topic: CannabisCoin [CANN][X11][Official] Developments & Discussions - page 118. (Read 706375 times)

When you quote others Fineius can you leave the original quote link embedded please? It is fine if you want to alter the format for readability, just do so by leading with something like Otherwise it looks as though you are trying to impersonate the CANN team. It also makes the threads difficult to follow with random month-old responses popping up.

Thanks.

^Not worried but as usual the media (especially right-wing USA type like idiotic Fox News) will blow it out of proportion and use it as all the ammo they can to shoot down ALL MJ type usage related streams.  I don't think the crypto-side of these types of coins are 'big' enough to be affected just yet, but it could have a negative trickle-down effect on them sure.  

But it seems there's still far more upside and growth / value potential in CANN (and possibly others) vs. the downside of such articles or attacks on MJ in the public eye.  It's scary how many people in the US can be brainwashed by media/government still and not think for themselves when it comes to differentiating the medical aspect vs. the "other" type of MJ usages, calling it just plain evil all under one umbrella is just stupid and wrong.  Re. the parent/child aspect, given it's aout children under 5, I'm sorry but it's 100% on the parents shoulders to ensure their child is not exposed to it, simple as that.  Otherwise they are failing very badly.  People do not take ownership anymore it's disgusting.

Anyway, looking fwd to what CANN has to offer up the rest of 2015, the volume and price seem to be very strong.  July should be very nice, hopefully later this year even better   - then we can "roll" into 2016 on a "high" note, if you will.  

How large a backlash should we expect from this?

"Rising rate of marijuana exposure among children 5 years old and younger

Debates about legalizing marijuana have focused on crime rates, economic benefits, and health effects among adults. But a new study shows that the risk to young children of swallowing, breathing in or otherwise being exposed to marijuana also needs to be considered." --Nationwide Children's Hospital via ScienceDaily

The anti-legalization brigade are always looking for ammunition and ForTheChildren^TM always plays well in the press.

As a parent I am really concerned about people's lax handling of medicines where young children may get access - all medicines - but I fear this will be taken out of proportion and used as a cudgel by "big pharma"-supported groups to hamper legislative efforts.

I hope everyone will read carefully, do their homework and argue from facts when engaging on this topic. Medical marijuana is medicine and children should always be protected from accidental access to any and every medicine. Of course we favor child-resistant containers from dispensary to use and stringent measures to protect children from accidental and incidental exposure, doesn't everyone?

Cann looking good these days! Keep up the good work devs!

CANN charts looking excellent, keep it up CANN dev and investors.  locked and loaded for the rest of 2015

Guys our pool - http://cann.binpool.com/ re-launch on @BinPool

Is this a valid analysis? How does the charitable donation system work in the U.S.? CANNdy is donated product so technically its value is $0? How is value added tax calculated on gifted product in the U.S.?

CANN is not legal tender (you can not go to any store or bank and tender it as payment), it's an electronic token, a coupon, if you will.

How does Uncle Sam tax coupons? If you go to a store with say, a two-for-one coupon where you buy one item of a specific product you get another one free, do you pay the value added tax for one item or two? Somehow I doubt that you pay double tax. Australia has a goods and services tax (GST) where the retail dollar value of items is taxed. Product giveaways and promotional items are given to consumers down-under without asking them for GST. I think people would be very upset if they were taxed for two items on a two-for-one promotional item and any such attempt would likely bring the government down.

So, how would states handle taxation on a donated item?

The way I see it and this is an Australian perspective, CannabisCoin purchases for general goods (including marijuana products not donated, i.e., not CANNdy) will be a U.S.$ value, including tax where applicable, converted at current exchange rates. If greedy politicians determine that donated CANNdy is subject to value-added taxes (and mindful that the most dangerous place in the world is to be between a politician and a pile of money) then one CANN is equivalent to one gram of CANNdy including tax because, as shown here, there's no additional cost involved.

Under the above analysis then the tax component is included in the exchange value of CannabisCoin. The price of CANNdy is not one CANN plus tax in USD, just one CANN. To me this says CANN could indeed rise to the total retail cost of one gram of marijuana. If Uncle Sam or his representatives demands a tax value on donated CANNdy then the purchase price of CANN will need to reflect that and the exchange value of CannabisCoin must rise to at least cover the tax payable. Irrespective of the background transactions where the dispensary exchanges the CannabisCoin received to USD and then pays the U.S. Treasury via the I.R.S. or however it is done there, the face value of CANN is the total cost of one gram of CANNdy brand medicinal marijuana.

tl;dr:

As previously stated, I'm an Aussie so I may have completely the wrong idea about how U.S. internal revenue is calculated and handled. Feel free to correct me. As I see it One CANN = One Gram, not "one gram for one CANN plus federal and state taxes in USD". This implies that the exchange rate will need to reflect any "tax paid" component or, in other words, the total, all-inclusive price of one gram of marijuana.

Most of coins have no real value, but here you have a great project and devoted ppl.

Why?value of this coin got nothing real for Now in my opinion,i'm still waiting for something real to reinvest here,so no motivation for a huge increase here,as i cann see 

I just realized CANN is the most popular cannabis producer in the whole world? It's possible.

I see two problems with the idea that this coin will be worth $2 to $5:
#1 Tax. How high will states push up the taxes? You have to pay taxes in USD right?
#2 Market saturation. How low will the cost of 1 gram of cannabis go? is 50 cents a gram possible?
Will we soon see a day where getting 1 gram of medicine = $4 tax in USD + 1 CANN or you go to any dispensary and get $5 grams?

Now how could this coin ever be worth $5? It could be as easy as changing the peg one day. 1 coin = 10 grams of CANNdy. BOOM! Best buy this coin now!!!!!!!!! CANN could be the biggest producer of marijuana.

https://www.suchpool.pw/cann/ need some love guys:D

scooping 1200-1500 thanks all!

don't get left behind at the station

It's hard to buy below 1,6k sats. Soon we'll have nice rise, the cann chart looks great.

 let's get CANN on Cryptopia!

    https://www.cryptopia.co.nz/HomeAction/Voting

It is exactly the same wallet, just comes with some of the blockchain already downloaded. The use of the bootstrap download I listed above is even faster.

Edit: Let me make that slightly clearer, both downloads are CannabisCoin-0.8.6.3b. The "fast setup" version is now redundant, I should have that link removed. The only difference in the two is that the "fast setup" install includes a small portion of the block chain but it is out of date, the bootstrap file contains much more of the block chain and is now the faster installation method.

But how do I get the fast version to work?

@acad14n

If you had coins in your wallet I do so hope you saved your wallet.dat file, if not you have possibly lost them.

Windows 7... Okay, go to the start menu and type %appdata% into the search box, complete with the "%" at both ends.

Windows should offer you "Roaming" in the results, click on that and a folder window should open.

You are looking for a directory named CannabisCoin. It is possible that by installing both wallet installs Windows has made more than one such directory with slight changes to the names.

If you had coins in your wallet then save the wallet.dat file from the directory labelled "CannabisCoin" to somewhere you can find it again easily (Downloads or Desktop, anywhere handy) as this may be your original wallet.dat file.

After doing so you can then uninstall CannabisCoin and delete the CannabisCoin directory, along with any CannabisCoin[1] or similar which Windows may have created.

Now install just the plain vanilla version of CannabisCoin, you don't need the "fast" version as we are going to use the latest bootstrap file.

Start your wallet and then stop it after a minute or two, that will create the correct directory structure. If you saved a wallet.dat file you can copy it back now, replacing the new wallet.dat file created with the new directory structure.

Download the bootstrap.dat file from here:  https://mega.co.nz/#!XcBkxKKa!C_u1FVhBnGM09ZHnMOUfQ-utFH1A5gwEBSIpf7jtR0g, unzip it to %AppData%\Roaming\CannabisCoin and then restart your wallet, that will take you up to about 670K block height reasonably quickly, after which your wallet should complete downloading the block chain from the network.

Feel free to PM me here if you are having difficulty.

Good luck and have a nice day

I am trying to get the windows wallet working. After installing, "CannabisCoin Error - Incorrect or no genesis block found. Wrong datadir for network?", program closes. I installed the windows wallet a few weeks ago, and it synced fine after some time, then it was uninstalled. I cleaned the computer with ccleaner. I am on windows 7 ultimate 64-bit. I tried both windows wallet, and windows fast wallet. Can someone please help?

Hey guys! Please check out our gofundme page!  We are trying to collect up money and purchase a Super Critical CO2 Extractor to make cannabis oil for our patients and veterans that we support.

Please help us and spread the word on facebook or on twitter!

Thank You!


http://www.gofundme.com/cannabisforvets