Topic: Please remove, thread moved to self moderated - page 22. (Read 57484 times)

thanks again. Ill keep watching

We don't want give an exact date just yet but we're looking at just a few weeks out realistically.

We've been having some dependency issues with our Mac client and are currently working on getting a good reliable production build ready for the public.  We're also looking at doing some beta testing with a few of the devs here next week and finalizing some of the website and media stuff. More info to come...

Thanks for the clarification. I thought that was the case.

Being a Colorado native and Washington transplant as well as a hard core herbivore I will be throwing some hash at this coin. Hoping for a fair and smooth launch.

do you have an estimated launch date yet?

Lets hope it lives longer than kush coin

You're right, the "million" at the end of the number was misleading and was a typo. The number of coins is how it's written 13,140,000 (Thirteen million one hundred forty thousand). 

just curios,
is it 13,140,000 Million Cannacoins or 13.14 million cannacoins?

also does anyone know of a coin where kgw actually works. I have mined a few and so far none has met its block target time, the latest was lemon which is supposed to be 60 second blocks but actually runs around 3 to 5 minutes. lotto coin simply re-targets each block and maintains its block time almost like clockwork. so far I am not impressed with kgw but i don't totaly understand it either.

We use Scrypt along with 100's of alt coins but the difference here is that we've implemented Kimoto's gravity well for block retargeting which will retarget difficulty every block.  So your theory of ASIC for Scrypt causing 51% attack isn't really credible unless you care to elaborate... To take our point further when asics for scrypt hit the market would you want block retargeting every block like Cannacoin or every 4-14 days like LTC/BTC or other alts?

We also used Scrypt simply for the fact that is is commonly used today and most miners have cgminer/guiminers that are compatible with Scrypt mining.  If we we're to transition to another algorithm like scrypt adaptive-n then it would force the mining community to use the vertminer etc which is simply less common and causes all sorts of headaches for a coins launch and success.  Regardless if we used a different algorithm, an application specific IC is going to be designed for it and you'll always be playing the "next best thing" game waiting for your time when the time is now.

The max number of coins of 13,140,000 wasn't picked on purpose, it was the outcome of mining rewards, block time and block halving rate that determines the total number of coins. We felt that Bitcoins block reward and scarcity is one of its key success factors for holding value to it's coin.  We've halved the current reward of Bitcoin for Cannacoin and decreased the halving rate from ~4 years to about ~1 year, add in 60 second block times and the outcome is 13,140,000 roughly 1/2 bitcoin's total supply.  Our thought is that we wont be creating a "world" currency so to speak say as Bitcoin or Litecoin are trying to achieve but like I said before we've created a smaller version so to speak to support 1 specific industry.  

You can also look at it like this

Cannacoin:
Blocktime: 60 seconds (10x faster than BTC, 1.5x faster than LTC)
Block Reward: 12.5 CCN (1/2 BTC reward but happening ever 1 minute, 1/4 LTC reward)
Block Halving: ~1 Year (4x Faster then BTC. Yearly expectation for miners.)

You are saying that this specification is the best for the POS:
Algorithm: Scrypt
Block Time: 1 minutes
Block Reward: 12.5 Cannacoins
Reward Halving: Every 525,600 (~1 years)
Difficulty Retargeting: Every block using Kimoto's Gravity Well.
Total Supply: 13,140,000 Million Cannacoins.

With the upcoming release of the Scrypt ASIC, this coin will be attack by 51%

Did you not consider other algo? Why did your team chose the max number 13,140,000 Million Cannacoins?

cannacoin sounds better than potcoin, dopecoin, or leafcoin. I'd support this.

blueangel01,

In response to your question as to why business/patients don't accept BTC?  In fact some here DO accept BTC however, with 10 minute block times it's not a very convenient system that can be implemented without being slow and inefficient for collectives.  With something like 1 minute block times this is more conducive to business and easier to market for POS etc.

Regarding your "we",  It's "we" because I'm not the only one here launching or implementing Cannacoin, there's more than 1 person involved behind the scenes here.

Oh sorry no I'm not a regular here on Bitcointalk, just a lurker. 

I meant here at bitcointalk.org

It's easier to trust someone who's established or at least known among the crypto community

Yes, I am an active member and co-owner of the website.  Me and my Twin brother actually are the ones operating the site and developing the coin.

Regarding announcements, we have announced the on our YouTube to our 15k subscribers.  Announcements for the coin are coming today through our official forum, In fact it was suppose to be right after we posted here but you guys kind of took my attention


Advantage? Other than the fact that the configuration of the coin was actually thoroughly thought out instead of other alts that punch in 420, dope, pot everywhere in the code/name possible?  What about the fact that our difficulty retargeting takes advantage of the Kimoto gravity well? Or the fact we've strategically scheduled a halving expected by miners once a year  This is a nod to the miners and the network, we are trying to make it a level playing field for everyone... including the little guys. We tried to make this coin as even as possible because we've feel we've been at every end of the spectrum as an end user of Bitcoin/Litecoin and other alts as a trader, miner and now moving into real world applications.

We took as many of the advantages from a range of coins like Bitcoin, Litecoin along with some of the newer implementations like faster block times and better retargeting to make the most well rounded coin for an INDUSTRY.  We aren't looking to make a world wide currency used in every household, this is a currency by the industry for the industry.

SO, What is the advantage of Cannacoin over other coins? I mean Why not become the middle man between your centralized merchants and the potcoin, for example?

I would like to see the evidence as well. If they are really eager to accept digital currency, they should have accepted btc as primary because btc is already liquid. It would be easy for them to convert bitcoins into $.

Please stop the use of word "We" as if you are the spokesperson of this big company. All I see is "You" trying to market your coin in a misleading way.  

A fair answer.  I'm not trying to discredit you in any way, I'm just trying to fact check, etc. - you know...doing my homework

I didn't feel the others (Pot / Dope Coin, etc...) were much more than "another alt coin", and I've been actively waiting for a REAL cannabis-themed coin.  I hope yours is able to be that coin.

For the sake of transparency:  Are you an active member on these forums?  It's just another yellow flag (again, not attempting to discredit, just due diligence) that you're a brand new account w/ a new coin.

EDIT:  Why is there no announcement on the forum you mentioned?

We appreciate the kind words.  Regardless if our coin succeeds on "the internetz" we know Washington and Colorado are leading the cannabis industry and we have the capabilities of bringing a coin to the people.  After that we'll let the internet decide if it wants to play ;-)

Alright developer. You seem to have the community ready already, that's good. I was just saying there are already a lot of coins like yours, but if you can make your idea succeed, then why not? Good luck with it

We are the central point for medical marijuana in Washington state, our site regulars include leading industry professionals in politics, growing, collectives and business.  We haven't scheduled or strategized any sort of IPO because simply there is so much demand and need in WA for a coin like this, we feel it will succeed with or without large investors.

Any one of the number of people we've discussed Cannacoin with has been eager to ask how to "get in" or "How to get started mining".  People are literally lining up at the gate every date asking for more details. Due to the influx of people asking about Cannacoin we've considered holding early adopter meetings in the state to educate people interested in implementing the coin for their business or daily life.

PotCoin FTW, good luck anyway!

To be fair - Can you show us some form of evidence that this has the backing to be used IRL and not just to be exchanged?

Why Cannacoin?  

We already run and operate Washington states largest medical marijuana social platform (nwgt.org). With over 16,000 members and 1,000 local medical patients ready to accept and use Cannacoin on our website and within the community.  We already have the involvement and investors willing to get this coin off the ground in REAL world applications.  
Just think... Cannabis collectives, farmers markets, patient to patient donation, products and services etc. We have a vision for the future of cannabis and have been executing it for the last 5 years in our own State (just ask!), we now feel its time to take the next step and implement a means for transferring and storing value for the cannabis industry.