[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦

[amarian12]

I got this error on my pool pot wallet:  "Critical upgrade to Litecoin 0.10.2.2+. https://litecoin.org/upgrade"

i run latest wallet from here https://github.com/potcoin/potcoin.git

What is wrong?

[Vlad2Vlad]

This coin is on shapeshift and still doesn't go anywhere.  Good daily volume too so why isn't the price shooting up?

How much longer before the inflation gets cut?  That could be a major cause for constant sell pressure.

Have the devs considered cutting back the subsidy and max supply cap?  TIA.


Cheers!

[BanzaiBTC]

Cool!  Thanks.

I will be honest, some people are really stupid and the pegging thing does work for value increases (pump and dumps). Even after it is proven not to be what it is some will still believe it. Critical thinking and basic logic should be required courses, many people are in dire need of them.

I don't know the real answers and motives behind some of these coins but yeah the pegging thing I don't understand cause it seems to put a psychological cap on the price also I think which is more like a goal post for average investor. Being in the cannabis industry, I just can't see it working on our end of the cannabis/crypto spectrum/deal.

Pegging will never work. lol

What will work is a 5-10% discount if you pay with marijuana related coins In the long term that will grow the price of POT (or any other cannabis coin) If I could buy my weed with a 5-10% discount just by paying with potcoin for example.. fuck yeah I will buy POTcoin and buy my weed with it



Even a smart reseller could make big profits that way...   

[Rumhurius]

Cool!  Thanks.

I will be honest, some people are really stupid and the pegging thing does work for value increases (pump and dumps). Even after it is proven not to be what it is some will still believe it. Critical thinking and basic logic should be required courses, many people are in dire need of them.

I don't know the real answers and motives behind some of these coins but yeah the pegging thing I don't understand cause it seems to put a psychological cap on the price also I think which is more like a goal post for average investor. Being in the cannabis industry, I just can't see it working on our end of the cannabis/crypto spectrum/deal.

Pegging will never work. lol

What will work is a 5-10% discount if you pay with marijuana related coins In the long term that will grow the price of POT (or any other cannabis coin) If I could buy my weed with a 5-10% discount just by paying with potcoin for example.. fuck yeah I will buy POTcoin and buy my weed with it



Even a smart reseller could make big profits that way...    

Totally agree.

My 2 Sats on Weedcoins:
All it needs are working Basics and Businessdeals. +1
A high Coinsupply istn a Problem.

The Communication and Progress here was just poor to nonexistant lately.
Thats why it went down again.

[goldengatesgreenest.com]

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[goldengatesgreenest.com]

G3- First Batch, Bud Pron.  More on the way.  

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http://goldengatesgreenest.com Presents....

[barabbas]

Will that shop offer 10% discount to people paying with POT only? Otherwise, frankly, it doesn't do anyone any good...

Edit: I see that the discount is only 5% AND, not just for POT but for BTC too. Which is, definitely, no good at all for POT supporters because, once again, takes us to square one: Why would I buy/hold POT when I can buy exactly the same shit with BTC, for the same price?

[goldengatesgreenest.com]

Will that shop offer 10% discount to people paying with POT only? Otherwise, frankly, it doesn't do anyone any good...

Edit: I see that the discount is only 5% AND, not just for POT but for BTC too. Which is, definitely, no good at all for POT supporters because, once again, takes us to square one: Why would I buy/hold POT when I can buy exactly the same shit with BTC, for the same price?

It's 5% MORE cannabis when your purchase with Bitcoin and 15% more cannabis when you buy with Potcoin so you're right, an extra 10% for Potcoin users

So if you buy 5 Grams with Bitcoin you will receive 5.25 Grams of Medical Cannabis, that same 5 grams with Potcoin, you will receive 5.75 grams of Medical Cannabis! That's a minimum, we're always making bags extra heavy so most likely will even be heavier than that =P

Hope that clears it up!

[CryptoClub]

Will that shop offer 10% discount to people paying with POT only? Otherwise, frankly, it doesn't do anyone any good...

Edit: I see that the discount is only 5% AND, not just for POT but for BTC too. Which is, definitely, no good at all for POT supporters because, once again, takes us to square one: Why would I buy/hold POT when I can buy exactly the same shit with BTC, for the same price?

Potcoin would need to offer an extra discount, and assuming they get POSv done, people could also stake/grow their Potcoins, which they cannot do with Bitcoin.

I think there can be strains, or what MaryJ claims to be doing and such, as long as everything is honest. In that it is a limited coupon or whatever. There are actually people out there dumb enough to think they could get pennies in cryptos and exchange for kilos of pot.

[goldengatesgreenest.com]

potent stuff we carry

[barabbas]

Will that shop offer 10% discount to people paying with POT only? Otherwise, frankly, it doesn't do anyone any good...

Edit: I see that the discount is only 5% AND, not just for POT but for BTC too. Which is, definitely, no good at all for POT supporters because, once again, takes us to square one: Why would I buy/hold POT when I can buy exactly the same shit with BTC, for the same price?

It's 5% MORE cannabis when your purchase with Bitcoin and 15% more cannabis when you buy with Potcoin so you're right, an extra 10% for Potcoin users

So if you buy 5 Grams with Bitcoin you will receive 5.25 Grams of Medical Cannabis, that same 5 grams with Potcoin, you will receive 5.75 grams of Medical Cannabis! That's a minimum, we're always making bags extra heavy so most likely will even be heavier than that =P

Hope that clears it up!

Thank you for your answer. That in fact makes a difference and is an answer to the eternal question. When POSv is finally here, it should be quite a positive.

[goldengatesgreenest.com]

Will that shop offer 10% discount to people paying with POT only? Otherwise, frankly, it doesn't do anyone any good...

Edit: I see that the discount is only 5% AND, not just for POT but for BTC too. Which is, definitely, no good at all for POT supporters because, once again, takes us to square one: Why would I buy/hold POT when I can buy exactly the same shit with BTC, for the same price?

It's 5% MORE cannabis when your purchase with Bitcoin and 15% more cannabis when you buy with Potcoin so you're right, an extra 10% for Potcoin users

So if you buy 5 Grams with Bitcoin you will receive 5.25 Grams of Medical Cannabis, that same 5 grams with Potcoin, you will receive 5.75 grams of Medical Cannabis! That's a minimum, we're always making bags extra heavy so most likely will even be heavier than that =P

Hope that clears it up!

Thank you for your answer. That in fact makes a difference and is an answer to the eternal question. When POSv is finally here, it should be quite a positive.

No problem, were in it to win it so we will be providing amazing deals in the future for marijuana coin users so keep an eye out for us.

[OZmaster]

when is the POSv estimated to arrive?

[PotCoin]

!!! CRITICAL WALLET UPDATE !!! - July 13th, 2015

Hello to the community,

We know you have been waiting on an update for a while. We have been extremely busy working on POSv and many other updates coming to you very shortly.  We assure you PotLabs is here to stay and we are working hard to create all the necessary technology and services Potcoin will require to thrive.

Potcoin is going POSv, wallet upgrades are necessary.

Download the new PotCoin Wallet - http://www.potcoin.com/wallets

Windows: https://github.com/potcoin/potcoin-binaries/blob/master/potcoin-0.8.7.1-win32-setup.exe?raw=true
Mac: https://github.com/potcoin/potcoin-binaries/blob/master/potcoin-0.8.7.1-mac.dmg?raw=true
Linux: https://github.com/potcoin/potcoin-binaries/blob/master/potcoin-0.8.7.1-linux.tar?raw=true

POSv interest is of 5% annually.

The potcoin network will go through a hyper-halving phase, here is the breakdown.
Block 920,000 = 50 POT
Block 930,800 = 25 POT
Block 941,600 = 12 POT
Block 952,400 = 6 POT
Block 963,200 = 3 POT
Block 975,000 = Last POW Block, POSv Kicks In.

We might have to do another minor wallet update once POSv kicks in. We will be updating you on this through the process.
Please read the Upgrading Procedure entirely.

Please let us know if you have any troubles or questions with your upgrade. support@potcoin.com
More exciting news and updates coming for Potcoin very shortly.

#### UPGRADING PROCEDURE ####

Step 1.
BACKUP YOUR WALLET. Please make sure you properly backup your wallet first in case anything goes wrong. Save a backup of your wallet.dat file in a secure location.

Step 2.
Download the NEW wallet.

Mac QT

Windows QT

Linux QT

Step 3.
Upgrading to POSv will require a chain resync for ALL wallets. We have created a bootstrap file to get up and running faster with the new wallet.
You can download the bootstrap here: http://potchain.net/posv/bootstrap.dat
You are not required to use the bootstrap.dat file, you can simply let the new wallet sync up.

Step 4.
Close your current Potcoin application if it's running.

Step 5.
Go to the Potcoin App Data folder.

For Windows: C:/users/YOUR_USERNAME/AppData/Roaming/Potcoin

For Mac: ~/Library/Application Support/PotCoin

Delete everything in there EXCEPT for your wallet.dat file
If using the bootstrap file, place the downloaded "bootstrap.dat" in that folder as well.

Step 6.
Install the new Potcoin 0.8.7.1 POSv Wallet.

Step 7.
Open the new Potcoin wallet, it should be syncing up to the network now. Wait until wallet syncs and you are ready to go.

#### END OF UPGRADING PROCEDURE ####

[Jugglex]

Great step! 

[goldengatesgreenest.com]

[CartmanSPC]

Just been reading up on POSv. Found this whitepaper which seems to explain it: https://www.reddcoin.com/papers/PoSV.pdf

Let me get this strait...once Potcoin switches over to POSv it will no longer be possible to mine blocks using scrypt mining equipment?

Anywhere you can point me to that explains POSv would be appreciated!

[goldengatesgreenest.com]

psa bump

[pinkie31]

hello ive downloaded the potcoin wallet and installed bootstrap in appdata/roaming/potcoin (deleted everything first) , yet im still 76 weeks behind?

[PotcoinJoint]

hello ive downloaded the potcoin wallet and installed bootstrap in appdata/roaming/potcoin (deleted everything first) , yet im still 76 weeks behind?

Is your wallet saying "Importing blocks from disk" ? It should be rebuilding the blocks database using the bootstrap file (can take couple hours to finish)