For the first time pegging with some sort of product is very difficult for a new coin or it will blockade entire mass usability (specially MJ related) of concurrency. Such as when you peg 1MARYJ = 1gm MJ cons then how a MJ mix pizza, donuts, juice, burger seller sell their product. I personally wish MARYJ will run long hawl in future with all success.
BTW, this is only my personal opinion. Community will think & share.
As it is, it is already pegged to btc.
I believe pegging is absolutely necessary to keep the value at a much higher price for a much longer period of time.
This can only be accomplished by pegging it to something between the maryj to btc conversion.
This will then keep the maryj to btc conversion at a much higher value for maryj.
How you buy pizza, donuts, etc etc is done the same way but now the value of maryj would be higher and more consistent.
It also eliminates the possibility of btc value effecting the price of maryj because it is pegged to something else.
The same as if you bought pizza with gold or silver or even btc, you have to convert the price.
So if 1 maryj is roughly $35 and your pizza cost $17.50 then you pay .5maryj for the pizza.
Or just a smart merchant that realizes the profit increase to their business for accepting any cryptocurrency and setting up a payment system.
And lessening the possibility of violent crime to be perpetrated against them.
The issues faced in the US by both medical and recreational marijauna makes it very hard for them to do business. If you have not looked into that I suggest researching it a bit. For the most part they can only deal in cash and no banks with accept their funds, credit cards can not be used and all because the federal laws that have very ambiguos language regarding "money laundering and drug money". These banks are insured federally and most are federal chartered as well. Marijuana is illegal according to the federal government. The federal government is still arresting people for legal state usage.
Now when these merchants want to hold their money safely...how can they? a safe?
How do they transport 10's of thousands of dollars to pay taxes to the local government?
My immediate thought years ago was to get an armored car....well the federal government made it illegal for armored car companies to sell to marijuana dispensaries.
So these merchants have to play a cat and mouse game of changing times they go to pay, changing routes they take, changing vehicles...all to prevent getting knocked off and stolen from.
The federal government has purposely made it a situation that puts these individuals in harms way and ripe for violent crime to take place against them.
Sounds like crypto in general could not have come at a better time for them.
