[CANNABIT] Investment Details - Announcement & Discussion Thread #cannabit

[SebastianJu]

This is like the classic "Right. Give me the money and wait right here, I'll go get your shit form my guy & be right back."
Only you've been waiting since 2013

Well, the thing is that we gave him our money years ago already. We lost it already. Everthing that now comes back is a plus that lowers our loss.

The thing is a bit different than running a stranger away because we can push him forward... The circumstances are that way. So if things don't get into smooth roads soon, now that everything is readymade and he only needs to send the divs each month, we can push.

To be honest, I gave up long ago to believe any of his promise. I can't get my hopes up anymore now. Though I still work on things because I know that we make babysteps at least. We won't sit around silent when things went worse.

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[jeezy]

Hi Sebastien,  

A reply from Nxtforum.org:

Paying divs in BTC is very possible with NXT assets. Asset issuer just has to convert BTC to SuperBTC and send divs with  a plugin https://nxtforum.org/nxt-plugins/(plugin)-dividend-payout-plugin-(via-normal-transactions)-for-nrs/.

[edit] To trade (or shuffle, btw) BTC on the Nxt blockchain > http://multigateway.org

Sounds like superBTC is only an asset. Another layer to trust then I guess.

I know it is theoretical possible but not out of the box. It would have brought trouble because it would have meant for the issuer that he could pay some in btc, those who took the work to set things up on them, but the rest can't receive btc so he would have to pay nxt. Which would mean more work than simply sending nxt at all.

No. It just works as a decentralized AE. The SuperNET/MGW/InstaDEX Client/Plugin is the software that makes the decentralized AE work. If you hold the right asset you also get 50% of the fees.

[SebastianJu]

Hi Sebastien,  

A reply from Nxtforum.org:

Paying divs in BTC is very possible with NXT assets. Asset issuer just has to convert BTC to SuperBTC and send divs with  a plugin https://nxtforum.org/nxt-plugins/(plugin)-dividend-payout-plugin-(via-normal-transactions)-for-nrs/.

[edit] To trade (or shuffle, btw) BTC on the Nxt blockchain > http://multigateway.org

Sounds like superBTC is only an asset. Another layer to trust then I guess.

I know it is theoretical possible but not out of the box. It would have brought trouble because it would have meant for the issuer that he could pay some in btc, those who took the work to set things up on them, but the rest can't receive btc so he would have to pay nxt. Which would mean more work than simply sending nxt at all.

No. It just works as a decentralized AE. The SuperNET/MGW/InstaDEX Client/Plugin is the software that makes the decentralized AE work. If you hold the right asset you also get 50% of the fees.

So superBTC are a official currency that is backed by the network or so? But still it sounds like a hassle. What's the difference in exchanging bitcoin to nxt and pay out those to exchanging bitcoin to superBTC and pay out this? (Taking that every shareholder does NOT need a btc address attached...)

[GreenBits]

I want so badly for this to work, but the issuer's reluctance to communicate/move forward in a timely fashion stays my hand from investing in this asset right now. That might change.

And a tip to the issuer: it's gonna be hot this year. I don't know if you are exploring outdoor production , but consider supplementing your regular indoor cycles with an occasional outdoor. No lights to cool, or run for that matter, cooling is gonna suck this season. It's like, record breaking hot. You will eat the temp differential in profits.

If you must maintain medicinal quality, use a greenhouse. There is no recreational quality echelon that is not obtainable outdoors; the product won't suffer. Also consider the current season of autoflower offerings: Dinafem and Fastbuds, among others, have some boutique strains that can get you at least 112 per in 9 weeks with the proper pot size. With all the shiny new hybrids the kids go for like Sunny D. And they smoke just fine, take that from a former photo purist. You can get that div up big as fuck in cycle or two, if you have the space to pull it off, I don't know your sitch. Outdoors has its own risks and rewards, and I know you understand what that means.

So, something to chew on. Drop me a line if you read this, via pm, or if they bug you enough to read this I have a few more suggestions you might find interesting. I think you have your shit together. I just want to understand the method a little better, I haven't given up on this yet.

[SebastianJu]

The issuer wanted to send on friday and today we have a small div again. 150% of the last one. I will see what the issuer says about the height of the div, I mean regarding the last months that went by and future monthly divs.

[jeezy]

The issuer wanted to send on friday and today we have a small div again. 150% of the last one. I will see what the issuer says about the height of the div, I mean regarding the last months that went by and future monthly divs.

Via XCP?

Please STOP unsing Cryptostocks. The BTC on there is LOST since you cannot withdraw them. The withdrawal E-Mails are deactivated.

[SebastianJu]

The issuer wanted to send on friday and today we have a small div again. 150% of the last one. I will see what the issuer says about the height of the div, I mean regarding the last months that went by and future monthly divs.

Via XCP?

Please STOP unsing Cryptostocks. The BTC on there is LOST since you cannot withdraw them. The withdrawal E-Mails are deactivated.

Yes of course via XCP. The issuer is pleased to have this solution now where he can send the bitcoins to the shareholders. And it means less stress to us pushing him.

I'm not sure if there is a way to take out the bitcoins from cryptostock from accounts that have email confirmation enabled.

[jeezy]

I'm not sure if there is a way to take out the bitcoins from cryptostock from accounts that have email confirmation enabled.

It is not. Believe me I tried many different tactics. No chance.

[SebastianJu]

I'm not sure if there is a way to take out the bitcoins from cryptostock from accounts that have email confirmation enabled.

It is not. Believe me I tried many different tactics. No chance.

I think it might be that kumala reads the cryptostocks thread since he changed something on CS, I think. Cannabit was changed to trade stop by the issuer a couple of times but next day it was sat back. Though at one point, after I complained about it, the setting back stopped.

[jeezy]

Any updates on regular div payouts? 

[SebastianJu]

Any updates on regular div payouts?  

Newest Mentioning of Dividends I heard was that the issuer plans to pay out dividends on end of this week. I already check the address regularly though I think the week ends on sunday for him probably, US-Timezones.

[jeezy]

Looks like the dividends have been rolling regularly since February. Which is good. Let's keep this going.

Thanks again Sebastian for your time and work on this. 

[SebastianJu]

Looks like the dividends have been rolling regularly since February. Which is good. Let's keep this going.

Thanks again Sebastian for your time and work on this. 

The most work is done by another shareholder because he has more possibilities. I think he will read this and can see that it means him in reality.

[BathSaltsDealer]

I think CANNABIT issuers got kidnapped by Mongolian pirates, like Friedcat.

[jeezy]

Is there an asset exchange somewhere for this?

[johnny211]

Now that some time has passed and I think most of us are beyond this.

WTF did the re-established dividends during 2016 come from? The whole sequence was beyond bizarre. There was quite a bit of real money being passed out.

[CrypVol]

Now that some time has passed and I think most of us are beyond this.

WTF did the re-established dividends during 2016 come from? The whole sequence was beyond bizarre. There was quite a bit of real money being passed out.

I am also very puzzled by this project, I have invested in it and do not know where my money is going.

[PoUpA]

if you registred to counterpart and got the token you surely have something on there. Btw did the owner cashed out his btc or is still running with it ?

[SebastianJu]

Hello everyone,

I invested into this long ago. Every investor knows how it moved on. Two exchange changes. The thing is... the issuer is lame as fuck. You wouldn't believe how much patience and work was put in just to receive divs over time. Most work was done by a shareholder who wants to stay hidden. Also the most work regarding the exchanges.

In any case, the issuer has to be pushed constantly which is unbelievably annoying. If he feels no pressure then he won't act. And when he acts then in most of the cases it is some empty promise.

Whatever. First, after a long time fighting, the other shareholder backed out of this unworthy game, he gave me the actual mobile phone number of auto so I can contact him on telegram. Sometimes it worked, however promises and excuses and whatever followed. Since some months again not a little reaction. No telegram, no email, no answer or phone call led to a reaction.

Slowly I don't feel anger or hope anymore. I don't care. I will release all the infos found about him. That is phone number, emails, certain accounts, relatives, facebook accounts and so on. It should be no problem to check him and everyone related out. He is south korean living in the US... bright facebook images showing nice things, people and so on. Living in an expensive area. Honor should be a big thing for him. Maybe it is. However in that case he is incredibly stupid not following through. I wouldn't even pity him anymore when a relative asks him what this "Cannabit-thing" is he was asked about by some stranger. He played this game for too long. I will let the community have their try.

I will release every info I have on him at one point in time in the next 7 days as long as nothing exceptional happens. Something like the payment of all 12 missing payments from 2017 + two months of divs for 2018 and the missing october div from 2016. He paid nearly constantly in 2016 otherwise. So just these 15 months of divs. We found he paid each month only around $1500 to all shareholders. So that would total to $22500 only. A shame since this business should have broke even in the first year in any case. Last time we were in contacted he ensured me that he has all last open payments worth of usd.

I would be fine with getting back my original bitcoins of course also.

Like I said at this point I can't feel pity with him anymore after seeing how shitty he treated the other shareholder. He is a nice guy and didn't deserve being played with. Of course I'm also not happy about how my efforts were rewarded or the trust of every shareholder.

Stay tuned,
Sebastian

[jeezy]

Thanks for updating us on the current situation. Would be cool to at least break even BTC wise after all these years.