I was reading about proof of stake and came across a comment explaining why bitcoin will never be proof of stake based.
What do you all think about this comment below, relating to THC coin?

Thanks

Thank you.

Think THC coin will hold its value or go back to where it was before this week's news?  It's dropping....will be interesting to see.

What is a stake? You open your wallet up for others to mine?

Well, so far it has stabilized at 0.00000846 btc...Lets see if that holds (unlike last week).

Yeah, this is a good point.  I wouldn't think the general agriculture people would be flocking to a THC "Hempcoin" as their agricultural currency either...leaving THC coin....useless?

We see their pre-announcement tweet #1 last week caused a nearly identical pop to that of this week...

Will the price break 0.00001000 bitcoins per THC coin upon the real news?
Will it just sink back down to less than 50% of that like it did at the end of last week when everyone got bored of it?
Hmm

I wonder what will get people interested in this coin more.  It almost seems at this point dependent upon the bitcoin interface being useable in a more practical way. A fork.  Ok. Updated software....so it may pop tomorrow.   When will big companies be using this mainstream though?  That's when it'll jump I would guess.

When saying "it can go to $1.00" do you mean $1.00 per THC coin unit?
This is sort of confusing to me as $1.00 is subjective (based on the price of BTC itself).
Can somebody elaborate?

Thank you!

Thanks

This is how Coinbase explains how to backup on paper with alt coins, below, granted it seems to be for Windows and not any other OS (what to do for iOS?) Is this advisable for Hempcoin, below?

"Exporting private keys from altcoin wallets

If you want to create a paper wallet for a lesser-used currency that doesn’t have an address generator website, there is still a way to achieve this.

What every alt-currency does have is a variation of the Bitcoin-Qt wallet application.

Goto the ‘Receive’ tab, where your wallet addresses are listed.
Right-click on the address you wish to save, then copy the address to the clipboard.
Click the ‘Help’ menu and select ‘Debug’.
In the ‘Console’ tab, enter “dumpprivkey” and paste in the wallet address.
The console will then display the private key of that wallet.

You then have the public and private keys of the wallet. You can print these ‘as is’, or you can opt to generate QR codes to print.

However, the wallet details will still exist in your computer. The only way to remove them it is to open your file explorer in the ‘C:\Users\[YourUsername]\AppData\Roaming\[Wallet App Name]\’ folder and delete the ‘wallet.dat’ file.

NOTE: this will remove all addresses held in the software wallet, and you should make sure that there are no funds remaining in the other addresses you will be deleting.

Now you should be the proud owner of an unhackable paper wallet for your digital currency. If a paper wallet is not for you, however, you could use your own mind with a brain wallet."

https://www.coindesk.com/information/paper-wallet-tutorial/

Can Hempcoin be stored on a Trezor? What is the best way to store Hempcoin so it can be taken off an exchange for safe keeping?