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Topic: CannabisCoin [CANN][X11][Official] Developments & Discussions - page 75. (Read 706375 times)

hero member
Activity: 734
Merit: 500
can you please stop saying april 20th pump incoming?

makes cann even look worse than it currently is.
legendary
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
http://fortune.com/2016/04/06/dea-decision-marijuana-reschedule/

HUGE news decision here...this could prob make or break any "weed coin" in the coming months. 




This is all big news for Weedcoins for sure  Grin
sr. member
Activity: 286
Merit: 250
http://twitter.com/CannabisCoins
Just FYI CANN Blockchain has been renewed on Chainz CryptoID

 Grin
sr. member
Activity: 621
Merit: 250
20.04 coming ,pump coming
newbie
Activity: 11
Merit: 0
http://fortune.com/2016/04/06/dea-decision-marijuana-reschedule/

HUGE news decision here...this could prob make or break any "weed coin" in the coming months. 


GOOD READ AND THINK IF THEY DO BEFORE 420 THE FESTIVALS WILL BE HUGE
legendary
Activity: 1120
Merit: 1000
http://fortune.com/2016/04/06/dea-decision-marijuana-reschedule/

HUGE news decision here...this could prob make or break any "weed coin" in the coming months. 

sr. member
Activity: 432
Merit: 250
Been holding this since the start  Grin

When is the move to POS?
hero member
Activity: 629
Merit: 500
Ponderously ruminative
in 8 days explorer expires just a heads up Roll Eyes

Yup, already noted, thanks.

Pr0metheus... recycled handle or refurbished?
hero member
Activity: 629
Merit: 500
Ponderously ruminative
So... explain why the hell the last two years of canndy was destroyed ... if the canndy was that bad...

Hmm... it seems I should have been either more or less explicit and not assumed a certain general knowledge about legal cannabis production.

All legally grown cannabis has to be strictly accounted for. All plant material and trim is counted as cannabis, not just flower and samples tested are destroyed in testing.

Where CANNdy crops are "donated or destroyed", the product, whether that be flower or some portion not destroyed in testing, has been donated while any surplus clones from the batch, if any, all trim and any waste or leftover material must be disposed of in legally defined ways, called "destruction". No plant or portion may be left unaccounted for. This accounting must also include any plants rejected as failing to thrive under the grow conditions for any reason (quite common when testing an array of landraces to find the best candidates).

Juiced plants are "destroyed" too but they sure aren't bad  Tongue
member
Activity: 103
Merit: 10
in 8 days explorer expires just a heads up Roll Eyes
sr. member
Activity: 286
Merit: 250
http://twitter.com/CannabisCoins
Yeap.. whatever lol    Roll Eyes

The team here participates in many MMJ functions in the valley including donating medicine to war veterans and the disabled.  If you have a problem with that then please don't come back.  There is no participation or satisfaction in GREED.

-YESWECANN
member
Activity: 60
Merit: 10
So... you got the main page updated, was overdue for sure. only thing you need to do now is have the dev pop in once in awhile to say hi and for sure explain why the hell the last two years of canndy was destroyed , if the canndy was that bad, then it would have for sure been bought for 1 cann a gram, as long as it was not moldy, it was definitely worth the peg.
newbie
Activity: 5
Merit: 0
Hello All from South Africa,

I have made collecting crypto coins my hobby and invest in all different types of coins as a long term investment. I have decided to add CANN to my list and will continue to buy, hold and support the coin as I do with my other coins. We are currently fighting legalization of medical marijuana in SA and I would be stoked to be able to introduce CANN to the community this side. 

Catch ya all on the flip side!
hero member
Activity: 629
Merit: 500
Ponderously ruminative
I thought D9 was supporting the peg himself and had growers donating parts of their harvest. D9 would post pictures of a grow op that he was starting. There haven't been any pictures in a long time. Does anyone know what is going on?

I wonder if D9 is in jail.

Ha! Cheesy No fartbags, he's not incarcerated or in any danger of so being.

It is just that at the moment no product is being streamed and there's some work being done to ensure businesses are not disadvantaged by inability to access streamed product. It's a fairness thing more than anything else.

We are working on getting incentives into the current upgrade round for all dispensaries equally regardless of location.
legendary
Activity: 1190
Merit: 1004



I thought D9 was supporting the peg himself and had growers donating parts of their harvest. D9 would post pictures of a grow op that he was starting. There haven't been any pictures in a long time. Does anyone know what is going on?

I wonder if D9 is in jail.


hero member
Activity: 629
Merit: 500
Ponderously ruminative
@jamescream/whoever

I will restate for the new crop of newbie/sock puppet accounts. We seem to have done this so many times.

Test crops have either been donated or destroyed. The first commercial-scale CANNdy crop will probably be this northern hemisphere summer's outdoor crop. Permits for this are complete, as are the necessary security fencing and other measures as per government requirement.

To make it absolutely clear, CannabisCoin is not streaming any product to underwrite the 1:1 peg anywhere at this time. Any dispensary or retailer who chooses to support that peg is doing so of their own volition and donating the medication into inventory themselves. Those who distribute donated product to needy patients receive no remuneration for their service. Their use of CannabisCoin is strictly as a loyalty token. CannabisCoin imposes no restriction on who may or may not incorporate CannabisCoin into their promotion or loyalty scheme.

Instead of making newbies read threw hundreds of pages of posts it would be simpler just to update the main post on PAGE 1. 

Right now this is what the main post reads:

Backed by real Marijuana
1 CannabisCoin (CANN) = 1 Gram of "Canndy" Marijuana

So I find this a little miss leading to new users.

And you are quite right, a lot of tidying up and updating is required both on the OP and the website. It will be attended to in due course.
newbie
Activity: 9
Merit: 0
@jamescream/whoever

I will restate for the new crop of newbie/sock puppet accounts. We seem to have done this so many times.

Test crops have either been donated or destroyed. The first commercial-scale CANNdy crop will probably be this northern hemisphere summer's outdoor crop. Permits for this are complete, as are the necessary security fencing and other measures as per government requirement.

To make it absolutely clear, CannabisCoin is not streaming any product to underwrite the 1:1 peg anywhere at this time. Any dispensary or retailer who chooses to support that peg is doing so of their own volition and donating the medication into inventory themselves. Those who distribute donated product to needy patients receive no remuneration for their service. Their use of CannabisCoin is strictly as a loyalty token. CannabisCoin imposes no restriction on who may or may not incorporate CannabisCoin into their promotion or loyalty scheme.

Instead of making newbies read threw hundreds of pages of posts it would be simpler just to update the main post on PAGE 1. 

Right now this is what the main post reads:


Backed by real Marijuana
1 CannabisCoin (CANN) = 1 Gram of "Canndy" Marijuana

So I find this a little miss leading to new users.
legendary
Activity: 868
Merit: 1000
twitter.com/natmcmolecule
That makes sense, I'll put my 0.4% behind that path. I look forward to staking.
hero member
Activity: 629
Merit: 500
Ponderously ruminative
@jamescream/whoever

I will restate for the new crop of newbie/sock puppet accounts. We seem to have done this so many times.

Test crops have either been donated or destroyed. The first commercial-scale CANNdy crop will probably be this northern hemisphere summer's outdoor crop. Permits for this are complete, as are the necessary security fencing and other measures as per government requirement.

Please take the time to actually read the supplied information bulletin. There is little chance now that one of the indoor tests will prove sufficiently environmentally acceptable to be placed into full production before the outdoor grow.

The Herbal Wellness Center did the initial dispensary distribution tests for us and are great supporters. They have not added CannabisCoin back into their new point of sale software at this time and have no current option to do so until we can release methods of incentivizing all dispensaries equally to join the YesWeCANN movement and donate inventory into the CANNdy medication stream, including in states where there are no CANNdy grows.

As previously stated we are looking at trying to provide equal incentive within the current software update round and if that proves feasible then that will be another announcement. Until that time only inter patient transactions and ad hoc arrangements by dispensaries/retailers are available.

To make it absolutely clear, CannabisCoin is not streaming any product to underwrite the 1:1 peg anywhere at this time. Any dispensary or retailer who chooses to support that peg is doing so of their own volition and donating the medication into inventory themselves. Those who distribute donated product to needy patients receive no remuneration for their service. Their use of CannabisCoin is strictly as a loyalty token. CannabisCoin imposes no restriction on who may or may not incorporate CannabisCoin into their promotion or loyalty scheme.
hero member
Activity: 629
Merit: 500
Ponderously ruminative
So 99.9902% of all coins have been mined... I didn't realize the urgency of your PoS announcement, I suppose it will be implemented within months. Yes I see now, only $0.35 generated per day.

What I want to stress is that it is not necessary to redistribute the same amount that was burned, that was an arbitrary number. Even the pre-burn total coinage seems like an arbitrary artifact of the X11 switch. The original figure was 420,000,000, now after multiple lumps in the path, you feel that it is important to return to 105,861,000. Don't just patch in a scheme for 3 years of distribution to an arbitrary number...

You could do 100,000,000 total (~8,000,000 more) over 100 years (average of 80,000/year or about double current rate.).

Or 420,000,000 total to be fully staked in 420 years.

Something that ensures network stability long-term but also rewards individuals now who remove their coins from Bittrex and run a node. Might as well reduce the risk of going through another fork in 3 years.

Hi again natmccoy

We are indeed in the long tail of PoW distribution, at halving 13 of a possible 25 before the hard-coded dust limit eliminates subsidy altogether.

Initially of course it was hoped that we could establish an active distribution system by about this stage and that network fees would then become more important than mining subsidy. Sadly politicians and bureaucrats are less enthusiastic than we are and every step takes longer than it need or should.

With regard to the arbitrary total supply that is a request of correspondents who claim to be significant holders of CannabisCoin stakes (untested but they do appear to have legitimate concerns). Subsequent to these requests I have contacted other supporters known to have been enthusiastic miners and/or buyers of CannabisCoin for their opinions. The stated preference is a restoration of total supply to that declared at the time most began mining or buying and there is no obvious reason we need do otherwise.

You are quite correct, we could do virtually anything and 420,000,000 over 420 years has an appealing symmetry Smiley Recent experience suggests however that quite a percentage of investor stakeholders would view that as a significant dilution of their held stakes, regardless of the timescale involved.

At this stage the favored option is another 7 years of distribution at 2% subsidizing network fees to encourage staking. If at the end of this period network fees are insufficient then we'll definitely need to rethink things.
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