Titcoin dev will be speaking with the President of Hustler/Larry Flynt publications this weekend!

https://twitter.com/titcoinmerchant/status/511985088397967360

I disagree, Bob Guccione at one point was worth 400 million dollars and his son Nicky who is backing this coin was his favorite, so one can only guess how much he is worth and plans to invest to make this coin work...

Has anyone done calculations how Bitcoin will be 100k a coin someday?

I don't know if it is a scam but it is severely overpriced, no coin should be pumped this high for being so feature-less.

Why would you not set a deadline? One could make the argument the deadline should be longer but should you be able to come back 2 years later and swap your coins? Who would upkeep the blockchain for the old one so long?

True, if you are so serious about anonymity you want to have all traces being destroyed from someone else's mining to the exchange to your personal wallet.

The limit is there legally regardless of CANN, no one with a medical card can just go in and buy hundreds of pounds of MM with thousands of dollars either.

dev is fudding his own coin or is this dry humor? lol

Bitcoin is backed on electricity and market consensus.

CANN will be backed on market consensus like the street value of any drug. Why does 1 gram of marijuana generally have a consistent average price throughout the nation on both the legal and illegal markets? Because the invisible hand of the free market makes it so when sellers and buyers meet in the middle on what they think fair value is.

Economics will play a hand in CANN no different than any other product, as soon as we know 1 gram of cannabis can be exchanged for CANN, the market will start taking effect. You may have 1 person who is skeptical or disbelieves it is worth that, but as long as you have 2 more people willing to walk in to the store and exchange their coins at a certain price to get their medicine, then what is the 1 other guy going to do, FUD them and tell them they overpaid? He may still mock it but to them they got their medicine at a huge discount and they are happy. Then the next 2 people walk in and repeat the process, they might have paid a bit more on the exchange but they are still getting a good discount, word gets back and people on the exchanges start holding their coins hostage for a higher price because they know what it is worth.

I am just amazed at how skeptical the crypto community is to the idea of pegging a coin on a commodity for such a forward thinking group of people, I mean a good portion of you all bitch about the US not backing the dollar on gold anymore for christ's sake. Who decided that a Honus Wagner card is worth 2 million dollars? The true value of any product is what someone is willing to pay for it, I learned this well working in the auction industry.

Just stepping in for Deltanine to help keep the conversation going elsewhere, alot of these questions have been answered already in the thread


The dev doesn't own any dispensaries, he is just a grower but he has a medical marijuana license. His license was posted in the thread earlier. Yes that is his facility.


His special strain, CANNdy will be sold 1g for 1 CANN at least at Herball Wellness Inc. in Phoenix. The hope is to get more dispensaries to exchange their product for CANN.
http://herbalwellnesscenter.com


I can't speak to this but i'm sure the method is no different than doing any other business deal, meeting with them personally (and he states he has met with several dispenseries) and trying to convince them it would be profitable for both parties.


No more or less for taking Bitcoin as payment for Cannabis. Even if there is some issues moving ahead, it is still a grey area legally and history has shown it is better to take action and beg forgiveness later because if you are intimidated by the feds for using cryptocurrencies you might as well get out of the crypto revolution now.


This same question applies to ANY alt. You think 95% of the coins on bittrex or Mintpal will EVER be signficantly exchanged for any goods or service? Unless they have a plan for real world use, they are only good for pump and dumps, that's it, and can never hope to bring in any real money to add value to them. This anon race is especially going to hurt alot of people, how many anonymous currencies does one need? There are going to be alot of losses when the dark markets decide what their most trusted currency is and the majority of other anon coins, no matter how much hard work was put into coding them, will die off.

But back to why use CANN coin over Bitcoin, well the issue with pegging is trying to reduce volatility. If a dispensary decides to accept CANN, the hope is the currency won't significantly fluctuate in price if they choose to hold onto it longer than a few days or weeks before converting to fiat. If you are a small company who has to make payroll and keep a budget and ensure a certain amount of turnover monthly to pay out your employees, Bitcoin is a horrible choice to get paid in because it has proven to drop as much as 10-20% in just the course of 2 pay cycles sometimes. The volatility is good for day traders and speculators but not practical for daily business use. There is a reason companies don't pay their employees in gold or silver.

Also another reason to use CANN, it will offer a discount to patients who pay with it, no doubt the value of this discount will be priced into the value of the coin. However there can be no discount attached by using Bitcoin because no one who runs a business will want to give away 10% of a product in Bitcoin for instance if a customer pays with that.

For those still skeptical CANN can rise in value, go look at how Bitshares exploded to a 100 million dollar plus market value in just WEEKS

And how did it do this? Well one big reason is by pegging their crypto assets to the US Dollar!

It's dropped a bit and hovered around the 65-80 million range but that is still damn incredible and a sign it has good things to come, as will CANN.

Where CANN will prosper is by building out a whole ecosystem for new fiat money to flow into crypto and the daily revenue intakes from the medical marijuana market will create heavy buy pressure, alot more than a bunch of merchants with a wordpress store selling video cards and amazon gift cards for Litecoins for instance in 2013.

Where was the venue Coinosaur?

I want to know how Midascoin got my email address

I've heard of a pool leaking an email list but I am not a miner and have never joined a pool.

And this is why crypto is a boondoggle

You got one guy running a pump group telling everyone the coin is going to the moon, then you got another group coming to FUD mixed in with a few reasonable criticisms, you got one guy who probably went off script and dumped massively before the pump was supposed to end, and now we got another scammer trying to play good cop/bad cop pretending he is warning us all when he created the leak rumor in the first place. And on top of that we have misogynistic crypto nerds lashing out at any female posters with sexist slurs for doing the same exact thing every other male user on twitter does everyday.

"Cunt" and now "hun", you might as well tell her to go make a sandwich next.

I see nothing of the sort in either the PDF here http://www.weebly.com/uploads/3/8/5/6/38564127/supernet.pdf

or the ANN thread here https://bitcointalk.org/index.php?topic=762346

There is a post where jl777 speaks of a coin being disqualified for pumping/hyping a rumor but so far the dev for Ethan has said nothing of the sort, now if it can be proven he started the rumor on a lie then maybe yes it could get disqualified.

Personally I respect the blatant pump and dumps more than the scam coins masquerading as offering some revolutionary new feature.

The average marijuana dispensary that can have tens of thousands of dollars of not only product but also money on site is not going to have staff members "not around" for anyone to waltz in and steal. This was most likely before or after hours.

For what it's worth though here is a screenshot of his visitor badge and you can tell the logos match up, looks like it is in a back office too.



I'm sure anyone skeptical could call the place up.

I'd challenge Sushi Chef, if he is indeed really a Sushi Chef, to say how many months it takes from an idea in your head to open a restaurant to opening day. This much work by the dev in 2 months is extraordinary.

I think truthful spamming the same junk over and over has now reached the saturation point that it only shows him a bigger fool than he is convincing anyone to go over to his side.