[ANN][THC] The Hempcoin (THC)

[lucifnir39]

whats the reason for pump now?

[Qrivium]

I have been doing some research on the hemp market and have some questions as to why someone would use this coin for trading hemp or hemp related products? 

I get there can be problems for hemp producers working with banks, but if the hemp market explodes I think the banks will very quickly get the govt to resolve any problems.  Leaving that aside here is why I am not sure why this currency will work.

1). Assuming people use crypto to buy and sell hemp why not just use better known coins such as BTC, ETH, LTC,  etc?  Yes,I know fees and speed are an issue with BTC but not LTC.   

2) Let's assume the hemp community decide to use a branded coin such as THC how will that work?  IF I am the consumer - buying the hemp products - I would have to change my $100 cash to X coin and pay fees.  Wait for coin to show up and transfer it to Y exhange where I use it to buy THC and again pay fees.   Even if I can do all this in split second speed between the fees and market volatility my $100 might now only be $90, and if my original purchase was for $1,000 then I might now only have $900.  So I have lost money.  Sure the trade could go the other way and my $1000 could be $1050, but as a consumer I am not looking to trade I am looking to buy a product, andI am not going to use a method that requires multiple steps to transact and potentially eats my initial cash deposit.  I would really love to hear what everyone else thinks about this.

3). When researching I also looked at the companies such as Posabit that has coins ATM's in cannabis shops.  I just don't get the business model.  As a consumer I walk into a CS and instead of buying using my $100 in cash, I put the money in their machine.  They take 2%, which means I already lost money, but also they need to give me enough coin as to get as close to my $100.  Assuming for some strange reason I decide giving the machine 2% is far easier than just handing the money to the cashier  .  We know the price of coins change every second and there can be quite big spreads between the exchanges - if the machine gives me more or less $100 in coins regardless of fluctuation then isn't the company, Posabit, risking huge losses as they are dispensing coins to me higher than the going rate?  If they jack up the price of the coins at the ATM to mitigate this risk, so my $100 is now only $90 in BTC, why would anyone use it?

Love to hear everyone thoughts.  As I said I have been doing research in the hemp space, and love the potential just don't see how a coin can facilitate trade.  Yes, small trades here and there, but more mass adoption?  I don't see how given how the market currently works.

hmm... love to hear your thoughts, or does this stuff not matter and it is THC to the moon

[Rick41]

I don't understand why my hempcoinwallet is mining all the time like stupid, but i found each time in the transaction history always just this message:

"Unconfirmed (0 out of 6 confirmations) Generated but not accepted Mined" so that it never really mines anything.
So this kind of mining makes no sense. Why does it not really mine ? Have i to change a setting of the wallet so that it can really mine ?

[citysleeper]

any chances to see hempcoin on binance? pleez

[citysleeper]

i'm new here so please do not consider my questions too stupid

- how long does it take to sync now all about 2 mio blocks in newly opened wallet?
- if I buy on bittrex and send my coins to my new wallet i will get em only after sync finishes?
 
thanks

[jheaton]

the wallet does NOT need to be on during the 45 days for staking....

and... OMG 1700...almost worth more than POT, holly shit.

[citysleeper]

the wallet does NOT need to be on during the 45 days for staking....

and... OMG 1700...almost worth more than POT, holly shit.

so one just downloads wallet, launches it once and there it goes?
and what about coins for bittrex?

[fartbags]

I am still interested in there being some sort of co-op or foundation to lobby for hempcoin. We used to have people pledging millions of THC but I doubt they will donate that much now that price is high. That was about 2 or 3 years ago. I am still willing to donate to such a thing if anyone is interested in being the director of it.

[PowerHemp]

I don't understand why my hempcoinwallet is mining all the time like stupid, but i found each time in the transaction history always just this message:

"Unconfirmed (0 out of 6 confirmations) Generated but not accepted Mined" so that it never really mines anything.
So this kind of mining makes no sense. Why does it not really mine ? Have i to change a setting of the wallet so that it can really mine ?

It can be possible that your wallet is on a false chain? I dont know watch if your block hash is the same as the one in the block explorer

[liveflipcoin]

why is this getting pumped so hard? doesn't anyone know that you can't smoke HEMP? HEMP is just used to make clothing, lotions, etc etc. not used for smoking....

[xpzycox]

Its getting pumped because everyone is PUMPED for the fork to the coin to full PoS and masternodes. This coin will be the one to rule the ganja industry

[jyap]

Hello

If there is going to be a hard fork, have the devs put in a support ticket with Bittrex.

I've tried to message "@griffith" in bittrex slack with no reply.

- Julian (c/o Bittrex)

[prowellG]

Its getting pumped because everyone is PUMPED for the fork to the coin to full PoS and masternodes. This coin will be the one to rule the ganja industry

And it will be an anonymity coin too in addition to beeing adopted by the very fast growing ganja industry.

[mannaart]

Its getting pumped because everyone is PUMPED for the fork to the coin to full PoS and masternodes. This coin will be the one to rule the ganja industry

And it will be an anonymity coin too in addition to beeing adopted by the very fast growing ganja industry.

as reported before. California legalises Mariejane in jan 2018 :-)

[fartbags]

the wallet does NOT need to be on during the 45 days for staking....

and... OMG 1700...almost worth more than POT, holly shit.

It is #1. Hemp has a good name in the world.

[reffi]

wow I saw THC 140 sat and didn'T buy

[Minted]

Congrats THC and the crew.....remarkable rise, well deserved, and further to go in the coming months!
Many a day went by waiting for those bonus blocks! I knew it would be worth the while.
 THC and DOPE both my only real Crypto. Both leaders in the Cannabis world. Would like to see a coming together, one dealing with hemp products and fashion , one mmj. That would be my ideal! Imagine the power of that!

[ju34400]

a few months ago when I was opening my wallet every 45 days for staking, well it was cool
but in 10 days when i'll open my wallet it will be

[Joint Force]

the wallet does NOT need to be on during the 45 days for staking....

and... OMG 1700...almost worth more than POT, holly shit.

It is #1. Hemp has a good name in the world.

It's true that "hemp" is a more friendly word around the world. $crypto is world wide. Many of my friends from Asia only recognize the word hemp & see it in a good light as a sustainable resource.

[Joint Force]

PLEASE DO NOT fight with other 420 niche coins. Last time that happened, it made all the weed coins look bad.