Your plan is interesting, and the emerging marijuana sector is a good fit for crypto, but I am a little unclear as to certain parts of the plan... namely, I don't see the purpose of introducing the alt pot-coin (marijuana-coin?) into the equation. It seems extraneous to me, BTC itself would be sufficient, and logically, by filtering your transactions through your private alt-coin, it appears that it is a move to pump the price of yet another alt. Also, it takes too much trust away from the end user and requires them to grant this trust to you. In a perfect world, this would be no problem, but we don't live in a perfect world. If disaster should befall your business (godess forbid) participants would be left holding private pot-coins that could very well crash in value overnight.
I like how you guys are thinking, its a neat idea, and I would like to see it work out. I'm in Victoria BC and we are having a miniature version of the marijuana boom you are having in Van-groovy, so this could really work if done impeccably, so, please, correct me if I have the system you propose incorrect, meaning... why add the extra alt-coin into the mix?
I am actually interested in this, I will PM you.
The 420 Alliance Joint Force is not a new coin. This idea is not adding any new alts to the mix. It's true that there will be a new coin created... but it will never be traded. It will be used to send all of the marijuana crypto coins collected at the store to the participants who gave BTC. The store will be accepting marijuana niche coins meaning POT, CANN, DOPE, THC, WeTk, CCN, STV, Bonger and a few others that I can't remember right now.
This idea might be possible with BTC only but the marijuana coins together create a huge community which can support this idea. The store will help users learn to use cryptocoins, so buying BTC at an ATM will be the first step they have to learn. BTC will benefit from this store.
This idea is sort of an experiment. It's going to stress test the marijuana coins. Someone of the coins might break, others might survive. Maybe all of them will break
. Some marijuana coins have PoS. It will be interesting to see if that can be secure. PoS could reduce the PoW energy wasting.
I hope this doesn't create a pump n dump. I can't really control that though. Even BTC did a pump n dump from $1200 to $160. It's early on in crypto. Prices are crazy volatile.
What I hope happens from this idea is that crypto jobs can be created. I want people to start working 8 hours a week for crypto. If this idea works then I could see many other coins successfully doing similar things. I really like the ideas of "DAOs". I think DAOs are the future and traditional companies are not going to be able to compete.
DAOs get rid of "the boss", "the CEO", "the owner" and "this big shot investor". The DAO makes decisions and can remove these over paid positions.
