Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 176. (Read 920138 times)

So let me get this correct, your saying your coin is not backed by anything?, or its got value because it has what exactly to back it up.

This a pipe dream?.

http://www.coyotewallstreet.com/

can someone scroll down to bottom of page and explain what the fuck is going down, wire tapping recordings?.

Gonna grab me some pop corn.

If you're going to compare, keep the apples with the apples, it's best to compare on the original block size. Pot has already halved once, so halve the current value to see the real value. If you also account for difficulty increase at the block change, technically you should take the current value and divide by 4.

This is why bitcoin/litecoin have still performed better in the longrun, as with block and difficulty changes, their value has still increased over time.

I'm not vested in Maryjane coin to any degree, just saying comparisons need to be equal.

Well, MaryJaneCoin dropped under 2k sat - POT is at 1.4k sat so I'd say we're on the right track up  

MaryJaneCoin is the place to be. Such a low supply. It's been a couple weeks and it reached over $0.02 already! 

Great news! I see now cheap potcoins get them while they hot

Those are some great news! Thanks for the update 

Potlabs update on lots of new development


PotWallet Updates:

PotWallet has gone through extensive development and many new features are coming up.

The LocalPot marketplace will be integrated directly in the wallet giving users an easy way to buy, sell and use Potcoins all in one place. This should be up on PotWallet within 2 weeks.

Full API to easily interact with any functions of the wallet will be available. Developers will be able to build Potcoin related apps directly using our platform.

Merchant System Updates:

Merchant (offline & online) systems are being tested and finalized.

For the offline merchants, we have put together a full solution for merchants to accept Potcoins. Due to regulations in place in the US, it will take efforts on many fronts to be fully compliant and provide an easy way for merchants get paid in Fiat.

On the other hand, if US dispensaries want to hold on their Potcoin or want to convert them to BTC > Fiat, then they can feel free to use the system as well.

As a Canadian corporation, we can only cater to Canadian businesses and citizens to convert their Potcoin directly to Fiat.

We take the volatility of Potcoin price out of the equation for merchants. Merchants get the exact amount in Fiat they charged to customer at time of transaction.

As for Canada, all necessary steps were put into place to already serve merchants and users.

These systems are being finalized and the sales team is already in place to promote Potcoin to local dispensaries in Canada as well as promote it to its users.

We will start turning up merchants in the next couple weeks, we will post updates on how all this is progressing.

Potcoin ATM's

Every merchant will act as a direct vendor of Potcoins as well. The plan is to provide them a turn-key solution to accept Potcoins in 5 minutes. Tablets will have a dual purpose, serving as the POS for the merchant and a Potcoin ATM for anyone wanting to purchase Potcoins.

As adoption grows, we will deploy Potcoin ATM's in key areas around the cities we are currently serving.

Conclusion

We want to reassure the community that we are actively on this.

PotLabs is now a team of 6 crypto enthusiasts working very hard to bring all the necessary technology infrastructure Potcoin needs to thrive.

We invite you to contact us directly if you have any other questions.

http://www.reddit.com/r/potcoin/comments/2jcsgf/potlabs_update_on_potcoin_development/

http://pot.bitember.com/ is up with brand new interface 

Interesting. I can see that as very valuable in normal markets, for myself I wouldn't use it in the crypto world in general, though Potcoin at the outset has had greater foundation than others. You would've made a killing back when it was in the 3500satoshi @ 420pot/block range.

Best of luck.

The quote from investopedia below explain my reasoning of investing on POT, there was a blood on the street and I decided to invest. Today will put 30$ which makes 210$/week and increase it gradually. I am a bull investor, always have hopes and invest on coins with great community and will resume that way until POT reaches the place it has to be


Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that's not the whole story. The original quote is believed to be "Buy when there's blood in the streets, even if the blood is your own."

This is contrarian investing at its heart - the strongly-held belief that the worse things seem in the market, the better the opportunities are for profit.

POTcoin devs,

Did you guys see the 1500% meteoric rise of CANN?

Any reason you guys can't replicate that success?

Afterall, POT is the original and you guys supposedly had big money backers.  Seems odd POT struggles to break even 1,000 Satoshi.

Hope you guys can do it.

Cheers!

This 'open letter' and answer by PotCoin Systems are important reading: http://www.reddit.com/r/potcoin/comments/2j4ncz/an_open_letter_to_potcoin_systems_and_potcoin/cl99cit

Seems that legal red tape has unfortunately been holding PotCoin Systems back, but they going to try to empower the community to take a more active role 

So what's your data/reasoning for the investment? And hopes keep things going? Why this vs another more established coin, or another coin which has also continually decreased in value?

pot is listing in cex.io and I am buying it to reduce my risk and do not think of selling them. It is my 5-year investment (thinking of gradually increasing my investment on that coin) so trust me it is not a scam, and won't die if you do not lose your hopes (by the way I am not a miner, just a small investor getting 100$ pot in each week)

Potcoin featured in Cannapay, more features coming in November for traders and users:



http://coinjoint.info/cannapay-beta-1-0-trading-app-web-wallet-merchant-processing-multi-coin-multi-exchange-platform/

STATUS: wallet.potcoin.com has been confirmed working. The Android App has been replaced by the new official PotCoin web wallet that works well on mobile platforms. Keep in mind that your old wallet account will not work with the new wallet. If you have not created a new wallet account yet please do.

 - NIL

The mobile wallets seem to be broken. Neither wallet.PotCoin.com nor the Android app are working properly right now. I can't sign in to either.

https://github.com/potcoin/potcoin/blob/master/src/main.cpp#L1087

you can see the halving here.  its occurs every 280k blocks

I've just updated that old post to reflect these numbers.

POT has no volume on exchanges, the price is very fast going down.
Let me guess: soon dev or someone who close to dev team will report some bad news bla bla bla, after the price will fall even more and wait till all sold coin for nothing.
POT is a typical scam