Topic: [CANN]Cannabis Coin Pre-Mine *BE WARNED* - page 10. (Read 21011 times)

yeah keep buying the cheap coins.. all the 12million of them when they get dumped

Ah, no big deal then. Everyone can go back to not thinking of the 12,500,000 CANNs floating about the ether.

ITS OK EVERYBODY CANNIBIS COIN DEV SAID THE 25+ wallets WITH 500K ARENT HIS OR HIS TEAM. NO WORRIES RIGHT

Good question.  With a new wallet, these addresses could be invalidated if they are not legitimate.

Interested to see how this  is answered. or if a price crash will be the answer.

I was interested in this post so I grabbed the first of the 500,00 addresses and drilled down into the transaction for that deposit and found that it hadnt been picked up by that address:

Outputs
Index   Redeemed in   Address   Amount
0   Not yet redeemed   CGcmQ2tYoNsw8gBSCXFpiNFp6R3dfN9Zdo   500,000.0 CANN
1   c145e1450aae...   CWxQ99o5nBFKtNXKWLjjDmcNfodzJ2WU1K   19,621,583.352279 CANN

The others are the same. Which means the coins are sitting on the block chain and not in the wallet. Did they destroy these coins?

Thanks for posting the image there. I'll be following this thread for sure. Thanks!

[CANN]Cannabis Coin Pre-Mine Transparency Discussion
 
 
I’d like to have an open transparent discussion about the pre-mined coins behind Cannabis Coin (CANN). I believe the information below is in the best interest of all those investing in CANN as a cannabis crypto.
 
Lets get to the facts.
 
- CANN was originally launched as a scrypt based mining protocol/algorithm and shortly thereafter transitioned to X11 for fear of ASIC technology that may cause a negative impact to the fairness of mining scrypt.
 
- CANN decided ‘it would it be a good sacrifice' to drop the blockchain altogether and completely re-launch. This required all miners to update their coins and trade them directly to the dev team for their new X11 coins.
 
- The reluach of CannabisCoin (CANN) contained a pre-mine block of 21,882,000 CANN located here: http://chainz.cryptoid.info/cann/block.dws?1.htm
 
- 25+ addresses contain 500k coins EACH directly linked to the pre-mined address and still sit untouched over 130 days, creation date aprox June 12, 2014..
 
- All 25 wallet address were payed in single payments (500k coins) in short succession, block after block as a pre-pared and planned payment. This does not indicate a number of coins rewarded to miners as the redistribution program was intended for.
 
Block #’s that publicly show this information of the wallets pushed 500k transactions: 9059,9065,9064,9070,9072,9075,9079,9083,9085,9085,9089,9089,9093,9095,9097,9099,9100,9100,9104,9104,9133,9135,9138,9138,9139,9139,9141,9144,248410,261076,261076, 246192
 
Here is block 9059 to get you started: https://chainz.cryptoid.info/cann/block.dws?9059.htm
 
you can see these addresses in succession on the top 100 richest CANN addresses here: https://chainz.cryptoid.info/cann/#!rich (make sure to select top 100 addresses)
 
The 500k wallets start at #22 all the way to #51. These are all linked directly to the pre-mine wallet address: https://chainz.cryptoid.info/cann/address.dws?CL2VEsNv5sEvQhUaVj3x13Ch8PJGgFgCyU.htm

Again, lets keep the discussion open and transparent followed by factual evidence. This thread is in no way directed to be FUD or rumors, this intended for public review by the community as to get some answers.  It seems there is no information that I've been able to find regarding this transition and I'm sure there are other's would would like to know as well.



-

-




Dev has more coins than the original 14million claimed! Add another 6.6+ Million!

Here is the block chain analysis of the pre-mined data of this coin. If anyone can provide scrypt blockchain and ill will then furthur give you 100% confirmation of all transactions made on the blockchain.

As you can see, there are 1,465,379 CANN coins directly linked to bittrex from the Dev teams pre-mine not paid out to miners.
Secondly you will see 5,202,379 Not yet redeemed just as you saw linked to the 29 burn addresses .



You can see there was activity on the following 5 million moved from pre-mine can CANN wallet 28 minutes after the burn that occurred between 1AM - 2:16AM PST on OCT 22nd. This looks as is someone is hiding something...  


-
CANN developer admits he owns another 5 million pre-mined coins with "no plans to burn".

-