I see all you guys excited about pot legalization in Canada and how this change future of POT. Don't get me wrong legalization is a great thing, believe me I know. I have moved to The Netherlands 10 years ago mostly because of weed politics in my country which is Poland.
But what I don't get is why this should change PotCoin price?
There is already marihuana legal in Netherland for so many years and I don't see PotCoin at all. If this should work in Canada why not here?
This is even better because in Netherland weed is accepted and you can buy and have some but is not legal !!!! You can't grow or sell. The exception is when you ask for permission and you will be granted with one only then you can sell and pay a high tax for but still, there is no legal place for such a people who run "coffeeshops" to go and buy they weed to sell. Still, all this happens on the black market.
I don't see this working with crypto when weed will be legalized. Sorry to say that but think for a second.
First thing is that cryptocurrency has to be legalized to be used as a payment method for other legalized product. First of all because of tax. Regulators don't let merchants accept crypto-coins. There is more use for crypto with high security and enhanced anonymity in the black market as in the legal one.
Please correct me if I am wrong.
Thanks for your honest point of view! Personaly I think PotCoin could be used by online(or not) retailers as a very simple redeemable reward points system that you could get when purchasing through their stores... (For example: People signing in the store each have a PotCoin address by default. If you purchase for over 100$, x% of your purchase is credited in PotCoin).