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

[zerocoder]

The offer sending Oregon dispensaries was a good intention but market do not react unfortunately, whatsoever buying 100$ worth pot coin everyday and do not understand why that coin losing value. Interesting, don't lose hope

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[vesperwillow]

If you don't understand why the coin is losing value, go read all of my posts and ny2cafuse's posts over the past 20 pages.

The short of it is: You still can't buy/sell/trade pot with the coin in the US market, which was its main purpose. And, my prediction is, you legally will never be able to do this until many, many, many laws are changed.

[Chabi]

Thanks for Christmas present.

[kattekop]

Block reward will halve to 105 approximately a week after newyear.
Current block is almost at 546k, and halving will occur at 560k.

It could be the end of these low prices, who knows...
Don't let FUD get you, just believe in your coin and buy at dips.

[ny2cafuse]

Not FUD if it's true.  Vesper and I tried to warn everyone, but the opinions on Reddit outweighed those here.  The POT block halving debacle of 2014, as it shall now be called, was the downfall of this coin.  The coin has never rebounded since, with the exception of the marijuana pump and dumps we witnessed about 2 months ago.

Here's two months of FUD for you:



-Fuse

[vesperwillow]

This is largely why, all over the world, the rich get richer and the poor never break through the glass floor. Emotions and hope outweigh logic and cold harsh reality. Learn when to cut ties and move on. I've lost out on investments, everyone has. The key is to know when to use logic, reason and simple math instead of your heart or gut instinct. Paradoxically, if you're involved in the actual movement in the US then you would want to remain a stakeholder. I would say there's few people left like that in this project.

But here's where the blade meets the skin: How often does the PotCoin team speak of its political involvement in the US in getting laws fixed or rights restored so that you can use this coin for its purpose of buying/selling marijuana? The very requirement to make this coin really take off. NEVER. You never heard them explain what they've been doing in US politics to make this coin take off.

How often do you hear the team talk about random giveaways and youtube videos they're in, and random people who use the word PotCoin? Always. And, yes, it's geat you can buy a pocket lighter with potcoin, and that there's 2 ATM's.

Now consider, who's really spreading Fear, Uncertainty, Doubt? The people who sold most of their holdings during the peak and made a huge amount of money, who warned others about the impending crash, who talked to the PotCoin team to see what their plans were only to discover they *had* no business plan? The people who drew up spreadsheets and showed the community that the math the PotCoin team was using WOULD NOT WORK.

OR, the people who keep spreading random useless news tidbits in this thread?

Really think hard about that.

[cannabisorisnot]

https://i.imgur.com/t0ljRlE.jpg
https://i.imgur.com/9zM8PTC.png

Hi guys, In celebration of the new year I am kicking off a new project.  Please visit my site and put a good use to those Pot Coins and support the blooming industry!

Check out and donate some Pot Coins at my website http://cannabisorisnot.com

Thanks guys keep on tokin and tradin!

-Redbeard

[kattekop]

A lot of ppl are vuln to cannabis psychosis, think before you smoke!

[Smack That Ace]

Hello ,

I am currently managing a poker site where we only accept pot coin.
Currently the site is being worked on but the pot coin processor is active and accepting the coins. You can message us by pm for any information.

In the coming days we will be launching the completed version with pot coin and many other coins integrated.

Good luck.

Duke

[Black Mamba]

Love poker!

[coinmaster222]

is it video type poker

[Smack That Ace]

Hello.
No its p2p poker like seals and other sites.
We just have the ability to accept over 20 coins as well as a backbone of live players who actually play online for fun.

For any information do not hesitate to contact us.

Regards

Duke

[hcf27]

No its p2p poker like seals and other sites.
We just have the ability to accept over 20 coins as well as a backbone of live players who actually play online for fun.

For any information do not hesitate to contact us.

Where is the website? love poker and have some potcoins to play with!

[hcf27]

Block reward will halve to 105 approximately a week after newyear.
Current block is almost at 546k, and halving will occur at 560k.

It could be the end of these low prices, who knows...
Don't let FUD get you, just believe in your coin and buy at dips.

Block reward halved today!.. lets see what happens with the price, I expect a slight increase

[vesperwillow]

Block reward will halve to 105 approximately a week after newyear.
Current block is almost at 546k, and halving will occur at 560k.

It could be the end of these low prices, who knows...
Don't let FUD get you, just believe in your coin and buy at dips.

Block reward halved today!.. lets see what happens with the price, I expect a slight increase

Why would you expect that? Can you make your presumption tangible, and tie it to something financially and mathematically?

Historically over the long run, the value has only decreased. Temporary spikes do not count, examine the historical value from beginning until now. It's about 1/8th of what it was, not counting the cost of mining, if you factor in halvings and original value.

[hcf27]

Block reward will halve to 105 approximately a week after newyear.
Current block is almost at 546k, and halving will occur at 560k.

It could be the end of these low prices, who knows...
Don't let FUD get you, just believe in your coin and buy at dips.

Block reward halved today!.. lets see what happens with the price, I expect a slight increase

Why would you expect that? Can you make your presumption tangible, and tie it to something financially and mathematically?

Historically over the long run, the value has only decreased. Temporary spikes do not count, examine the historical value from beginning until now. It's about 1/8th of what it was, not counting the cost of mining, if you factor in halvings and original value.

Well, sell pressure from miners has just halved from 210 to 105 per block found. Most people mine potcoin using multipools and sell straight away.

So, basically supply has just been cut by half and demand has stayed the same, this SHOULD bring a price increase.

Of course there are many other factors, like investors selling their coins or people dumping, but miners who mine and sell will have less impact in the price now.

You can also read more about this here: http://potcoiner.info/post/104779608506#notes

[fenghush]

A lot of ppl are vuln to cannabis psychosis, think before you smoke!

Indeed, a lot of people go psycho when they see other people smoking. Smoke in the privacy of your own home.

[vesperwillow]

Block reward will halve to 105 approximately a week after newyear.
Current block is almost at 546k, and halving will occur at 560k.

It could be the end of these low prices, who knows...
Don't let FUD get you, just believe in your coin and buy at dips.

Block reward halved today!.. lets see what happens with the price, I expect a slight increase

Why would you expect that? Can you make your presumption tangible, and tie it to something financially and mathematically?

Historically over the long run, the value has only decreased. Temporary spikes do not count, examine the historical value from beginning until now. It's about 1/8th of what it was, not counting the cost of mining, if you factor in halvings and original value.

Well, sell pressure from miners has just halved from 210 to 105 per block found. Most people mine potcoin using multipools and sell straight away.

So, basically supply has just been cut by half and demand has stayed the same, this SHOULD bring a price increase.

Of course there are many other factors, like investors selling their coins or people dumping, but miners who mine and sell will have less impact in the price now.

You can also read more about this here: http://potcoiner.info/post/104779608506#notes

I've been here since day 0. You're missing the point of my post. You also don't fully understand a key requirement in supply/demand, and that's the tangibility factor. There's hardly any tangible demand because Potcoin isn't capable of providing its primary market with the ability to legally be used for pot.

Let me summarize it this way:

Potcoin is launched mid January of 2014
On January 20 2014, its first exchange comes online. Beginning value is 0.00008000
Around mid-April 2014, its highest peak ever is reached on Bittrex, at 0.00041000
In May it dropped, but had another "hype" peak around 0.00003500
Presently its highest value is 0.00000338

So 0.00041000 prior to its first major halving....
... and 0.00000338 currently, after 2 halvings.

But yeah, it's totally going to rise exponentially in value despite the fact that the only thing that has changed in the potcoin marketplace is a couple of extra gambling sites, and you can buy lighters and matches with it now.

Contrast that to a couple of other very tangible coins that I follow, whose use and value have only grown...

[hcf27]

Block reward will halve to 105 approximately a week after newyear.
Current block is almost at 546k, and halving will occur at 560k.

It could be the end of these low prices, who knows...
Don't let FUD get you, just believe in your coin and buy at dips.

Block reward halved today!.. lets see what happens with the price, I expect a slight increase

Why would you expect that? Can you make your presumption tangible, and tie it to something financially and mathematically?

Historically over the long run, the value has only decreased. Temporary spikes do not count, examine the historical value from beginning until now. It's about 1/8th of what it was, not counting the cost of mining, if you factor in halvings and original value.

Well, sell pressure from miners has just halved from 210 to 105 per block found. Most people mine potcoin using multipools and sell straight away.

So, basically supply has just been cut by half and demand has stayed the same, this SHOULD bring a price increase.

Of course there are many other factors, like investors selling their coins or people dumping, but miners who mine and sell will have less impact in the price now.

You can also read more about this here: http://potcoiner.info/post/104779608506#notes

I've been here since day 0. You're missing the point of my post. You also don't fully understand a key requirement in supply/demand, and that's the tangibility factor. There's hardly any tangible demand because Potcoin isn't capable of providing its primary market with the ability to legally be used for pot.

Let me summarize it this way:

Potcoin is launched mid January of 2014
On January 20 2014, its first exchange comes online. Beginning value is 0.00008000
Around mid-April 2014, its highest peak ever is reached on Bittrex, at 0.00041000
In May it dropped, but had another "hype" peak around 0.00003500
Presently its highest value is 0.00000338

So 0.00041000 prior to its first major halving....
... and 0.00000338 currently, after 2 halvings.

But yeah, it's totally going to rise exponentially in value despite the fact that the only thing that has changed in the potcoin marketplace is a couple of extra gambling sites, and you can buy lighters and matches with it now.

Contrast that to a couple of other very tangible coins that I follow, whose use and value have only grown...

Potcoin algorithym was changed in June 2014 because it was giving crazy block reward if you considered the value of the coin. This is why it had more than 12 GH directed to mining and dumping potcoin. At the time, I could get more than 1.000 potcoins per day with only 10 mhs of scrypt power, that was a lot of money considering bitcoin was around 600 bucks.

Now, its hardly profitable to mine potcoin, with the same 10mhs you will be getting like 25 potcoins per day, I know because I still mine it, its unprofitable so I think the supply will be cut now and it wasnt cut then because even with the halving mining and dumping was still crazy profitable!

This of course, are only my 2 cents. I reckon demmand could still not be enough and the halving may only slow down the decrease in price, however the block halving its a factor that does help the price increase.

And yes, you are right, you still cant buy cannabis with potcoins, but with what coin can you buy it?.. 1 dispensary that accepts cannacoin that I know of. The weed industry is still young, its still not completly legal in all States. It will take time and patiente for weed coins to be where they deserve to be. Currently you can buy seeds (and lighthers too if you want) in a lot of places with potcoin and that is a big win if you consider the coin is not even 1 year old.

Hold your coins and expect an increase in price and acceptance or sell now for 8 times less your money, thats your choice.

[RenegadeMan]

Potcoin algorithym was changed in June 2014 because it was giving crazy block reward if you considered the value of the coin. This is why it had more than 12 GH directed to mining and dumping potcoin. At the time, I could get more than 1.000 potcoins per day with only 10 mhs of scrypt power, that was a lot of money considering bitcoin was around 600 bucks.

Now, its hardly profitable to mine potcoin, with the same 10mhs you will be getting like 25 potcoins per day, I know because I still mine it, its unprofitable so I think the supply will be cut now and it wasnt cut then because even with the halving mining and dumping was still crazy profitable!

This of course, are only my 2 cents. I reckon demmand could still not be enough and the halving may only slow down the decrease in price, however the block halving its a factor that does help the price increase.

And yes, you are right, you still cant buy cannabis with potcoins, but with what coin can you buy it?.. 1 dispensary that accepts cannacoin that I know of. The weed industry is still young, its still not completly legal in all States. It will take time and patiente for weed coins to be where they deserve to be. Currently you can buy seeds (and lighthers too if you want) in a lot of places with potcoin and that is a big win if you consider the coin is not even 1 year old.

Hold your coins and expect an increase in price and acceptance or sell now for 8 times less your money, thats your choice.

hcf27, within the context of all you've highlighted here, what are the ramifications for continued performance of POT's blockchain? If it's so unprofitable to mine, will the corresponding reduction in difficulty be commensurate with improving returns to see enough miners maintain the network? Or is there are real possibility the network could start failing because there's just not enough miners?

I'm a long term holder of POT and believe the dev team has been honest and reasonably committed, however I take all your points seriously versperwillow and see you're highlighting the major stumbling block of this thing being relevant, let alone successful.