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Author Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions.  (Read 492257 times)
NobodyYouKnow
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October 14, 2014, 09:45:54 PM
 #3181

Potential investor here.

Let's say I own a dispensary in Colorado.  I have as much business as I can handle because, well, legal weed.

Why should I accept CannabisCoin?

I like the idea behind CannabisCoin and the peg, I just need to understand why more than just this one dispensary associated with the dev will want to adopt it.  Why should I accept a coin and sell my weed at a loss in hopes the coin will accrue in value so I can break even.  Why not just use Bitcoin?  Or Darkcoin since it has anonymity.

Thank you.

First of all, by accepting the CANN Peg, you are being part of the CANN Movement. And the goal is to allow patients access to affordable medication.
As an angel investor, I hear pitches all the time from people where the main crux of their argument is that this will make a positive difference in the world. While that's nice, I already donate to charities and am not interested in another one.  I want to know where the value is and, "It's the right thing to do" is not valuable unfortunately.

Secondly, since CannabisCoin is pegged at 1:1, meaning 1 CANN per Gram of Cannabis, CannabisCoin will be a MORE STABLE cryptocurrency than Bitcoin or Darkcoin.
For example, Bitcoin is already accepted by a dispensary in Washington (http://www.coindesk.com/washington-dispensary-now-takes-bitcoin-cannabis/)
Now imagine how volatile Bitcoin can be and as a business owner, if you do not instant-exchange your Bitcoin for Fiat, you might take a big loss the next day.
I would agree IF a LOT of dispensaries were accepting CannabisCoin.  I want to know WHY dispensaries should accept CannabisCoin.  Because if they don't, then the peg won't matter in the medium to long run.

Lastly, the question now in your head is, then how long do I have to wait for CannabisCoin price to reach parity and while waiting, what do I stand to gain? Simple.
You end up with MORE NEW Customers. Customers that got to know you because of the CANN Peg may end up being a long-term customer. (Think the Groupon effect here, small loss on a single product/service in exchange for new customers)
And once the news spread that there are dispensaries that have adopted the CANN Peg, it won't take long for the price of 1 CannabisCoin to reach parity to the average price of 1 Gram of Cannabis.
Most dispensaries already have plenty of customers.  There's no reason for them to accept a coin that will result in them getting more customers which would cause them to lose money on every transaction.

CannaisCoin has to hit the tipping point with dispensaries.  I want to know how and why that is going to happen and I haven't heard the answer yet.  I do hope there is an answer though as I'd love to get on board.

Oh and 1 more thing, why should dispensaries get involved with crypto in the 1st place?
Well, blame the banks for being so hostile to dispensaries. The banks do not want to deal with dispensaries and many are unbanked even up to today!

So what's the risk to the cannabis industry by being unbanked which some may ask?
Well, it’s a massive public safety risk where having a lot of cash on site makes cannabis businesses savory targets to and for criminals.
It also creates ample difficulties for doing business on a day-to-day basis where you cannot offer customers debit or credit card services and where paying your taxes and payroll is very, very challenging.

Read more here:
http://www.usatoday.com/story/money/business/2014/08/31/pot-marijuana-industry/13628491/
Agreed.  But why should I use Cannabiscoin at a loss over Bitcoin with its sider adoption or Darkcoin and its anonymity?


After reading your post, and having followed this thread for the past month or so. Every single one of your questions have been answered if you had bothered to read the past pages. Dispensaries will be accepting 1cann for 1gram, if you are stupid enough to not believe that will continue to happen after the first transaction, then great, don't go buy $5 worth of coin now and be able to get a bunch of grams. Not our problem. You should use Cannabiscoin because it is backed at 1:1 ratio, dispensaries WILL ACCEPT IT so that's your stability, price will not flucuate like btc, which also means businesses can store their CANN in wallets (or however they want) without fear to come back the next day and see all their CANN they own halved in value. You would sell grams for 1 CANN at a loss (initially) for promotion to yourself, and the coin, which will eventually reach parity, even with that, there is still a limit to how much CANN you can use in dispensaries a day, for obvious reasons.

Seriously, if you really care about the information you took time to type up, either contact the Dev, or READ.

Furthermore... accepting a loss for early transactions, if dispensaries hold their CANN till parity, they lose nothing....

+1 I salute you good Sir.

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October 14, 2014, 09:46:41 PM
 #3182

QUICK NOTE

We are heading to the dispensary as planned right now to setup more point of sale systems for CannabisCoin.

Later, ChinoGreen and I will be meeting with a large group over dinner this evening regarding CannabisCoin and its movement.



Remember, we are getting closer to 10/20/2014.  What is that? 10/20?  


It's a date that patients will remember the real Halloween Holiday.  Its the day they get their "CANNdy"!



You can go door to door on 10/20 pre-Halloween, but Everyone knows where to get CANNdy that day.

~DeltaNine
YesWeCANN

Good news!
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October 14, 2014, 09:47:15 PM
 #3183

QUICK NOTE

We are heading to the dispensary as planned right now to setup more point of sale systems for CannabisCoin.

Later, ChinoGreen and I will be meeting with a large group over dinner this evening regarding CannabisCoin and its movement.



Remember, we are getting closer to 10/20/2014.  What is that? 10/20?  


It's a date that patients will remember the real Halloween Holiday.  Its the day they get their "CANNdy"!



You can go door to door on 10/20 pre-Halloween, but Everyone knows where to get CANNdy that day.

~DeltaNine
YesWeCANN

Cannabis Coin Team - Community run, NOT Company run!
The Coin that's 100% Backed by Marijuana Cannabis!
http://CannabisCoin.net   Trade symbol [CANN] - YES WE CANN!
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October 14, 2014, 09:47:47 PM
 #3184

I LOL at the scrub trying to sell 10btc worth of cann for .000080
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October 14, 2014, 09:49:34 PM
 #3185

Quote

DOPE=SCAM


It is far from a scam.

Everyone who talks about dopecoin !!! here !!! at !!! THE CANNABISCOIN !!! Forum !!! is a stupid moth56fuc77r !!!

Hey haha ...sorry, some of the folks are pouring into here. I've taken over DopeCoin along with our lead dev. and wanted to say we have no problems with the CannabisCoin community and look forward to your success. We appreciate you holding down the fort while we've been gone!  Grin

I have spoken to previous DOPE devs before.  We all support Cannabis related coins but we have different views regarding legalities and transparency with the community.  
Best of luck to you as the new dev.


~D9


Safe  Cool
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October 14, 2014, 09:57:08 PM
 #3186

People continue to make the market-cap argument relentlessly in this thread, but I believe that it is flawed & this coin truly can have a valuation of 1 billion dollars. Regardless of whether every coin-holder will be able to buy weed with cannabiscoins in the next year, or even if 20% of coin-holders can do that. Marijuana is something that resonates with a lot of people. There are whole cultures and social circles, documentaries, prisoners, books, medicines, scientific research etc. It is in some way involved in the lives of tens of millions of people, and as the dev emphasizes, incredibly important for the many people who use it as a medicine. Now here we are, in the year 2014, at a time where cryptocurrency has been born and legitimized, medical marijuana is sweeping the nation, and recreational marijuana is being legalized and decriminalized. We have a dev who is actually good at acting on his plans, this guy is an achiever. He's networking well, growing medical-grade cannabis in large quantities, and created a cryptocurrency that is currently valued at $3.3 million dollars. Yet this man continues to say that it is all about the patients for them & he is happy to share medicine with them and improve their lives. It is a perfect convergence of events. What I'm saying is, the actual dispensary-market for this coin will initially be relatively small, yes, but we don't need the dev to be shipping 100 tons of pot by the trainload to give this coin a $1B valuation.

this.

This is how real companies are evaluated also. On future earnings.

Indeed. I wouldn't be surprised if we hit 40-80k CANN today.

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October 14, 2014, 09:59:16 PM
 #3187

People continue to make the market-cap argument relentlessly in this thread, but I believe that it is flawed & this coin truly can have a valuation of 1 billion dollars. Regardless of whether every coin-holder will be able to buy weed with cannabiscoins in the next year, or even if 20% of coin-holders can do that. Marijuana is something that resonates with a lot of people. There are whole cultures and social circles, documentaries, prisoners, books, medicines, scientific research etc. It is in some way involved in the lives of tens of millions of people, and as the dev emphasizes, incredibly important for the many people who use it as a medicine. Now here we are, in the year 2014, at a time where cryptocurrency has been born and legitimized, medical marijuana is sweeping the nation, and recreational marijuana is being legalized and decriminalized. We have a dev who is actually good at acting on his plans, this guy is an achiever. He's networking well, growing medical-grade cannabis in large quantities, and created a cryptocurrency that is currently valued at $3.3 million dollars. Yet this man continues to say that it is all about the patients for them & he is happy to share medicine with them and improve their lives. It is a perfect convergence of events. What I'm saying is, the actual dispensary-market for this coin will initially be relatively small, yes, but we don't need the dev to be shipping 100 tons of pot by the trainload to give this coin a $1B valuation.

this.

This is how real companies are evaluated also. On future earnings.

Indeed. I wouldn't be surprised if we hit 40-80k CANN today.


Lol i sure as hell would be
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October 14, 2014, 10:03:25 PM
 #3188

Just 5 days left.....CAN'T WAITTTTTTT !!!!! Revolution is CANNingggggg  Grin Grin Grin Grin
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October 14, 2014, 10:08:49 PM
 #3189

took profits just incase. bought into MARY jane coin looking good to be the next cann coin

So you buy ANY coin bearing a Cannabis related name? Seriously, did u even ask yourself why you bought CannabisCoin in the first place?

You bought CannabisCoin because it is Asset-Backed by Cannabis, and Pegged at 1 CANN Per Gram of Cannabis which you can start to exchange on 20th Oct 2014 onwards at Herbal Wellness Center, Arizona!

Now tell me, what is Maryj backed by? Hot Air? Or you just pick coins which happen to be cheaper than CannabisCoin in the hope they have the SAME success? Then you are a dreamer my friend.

If you think it's so easy to execute an asset-backed coin, think again, even Potcoin, 1 of the first coin created for the Cannabis industry... isn't backed by ANYTHING to date. No pegging whatsoever!

It's not JUST the pegging with Herbal Wellness Center in Arizona....

Look at the grow facilities D9 & Team have being built right now, and the beautiful CANNdy girls they're already growing.
Very impressive. The CannabisCoin Team have boots on the ground ( in the 'real' world ) and are doing the work to make their dream a reality.

CannaCoin has some great payment gateway software in beta development.

Compare this to the other weed coins....
MaryJ, Dope etc.... Huh  What compelling features do these bring to the table?


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October 14, 2014, 10:11:07 PM
 #3190

People continue to make the market-cap argument relentlessly in this thread, but I believe that it is flawed & this coin truly can have a valuation of 1 billion dollars. Regardless of whether every coin-holder will be able to buy weed with cannabiscoins in the next year, or even if 20% of coin-holders can do that. Marijuana is something that resonates with a lot of people. There are whole cultures and social circles, documentaries, prisoners, books, medicines, scientific research etc. It is in some way involved in the lives of tens of millions of people, and as the dev emphasizes, incredibly important for the many people who use it as a medicine. Now here we are, in the year 2014, at a time where cryptocurrency has been born and legitimized, medical marijuana is sweeping the nation, and recreational marijuana is being legalized and decriminalized. We have a dev who is actually good at acting on his plans, this guy is an achiever. He's networking well, growing medical-grade cannabis in large quantities, and created a cryptocurrency that is currently valued at $3.3 million dollars. Yet this man continues to say that it is all about the patients for them & he is happy to share medicine with them and improve their lives. It is a perfect convergence of events. What I'm saying is, the actual dispensary-market for this coin will initially be relatively small, yes, but we don't need the dev to be shipping 100 tons of pot by the trainload to give this coin a $1B valuation.

this.

This is how real companies are evaluated also. On future earnings.

Indeed. I wouldn't be surprised if we hit 40-80k CANN today.

Lol i sure as hell would be

There will be an exponentially more powerful rise followed by a weaker fall than the last one as popularity sky rockets and more people understand how CANN works and is growing in real life, not just on the market screens. CANN is now 4th in 24hr volume after BTC LTC DOGE and significantly ahead of XRP. Many people thought XRP wouldn't hit the roof, but it did, now here comes CANN to over take them and be #2 soon and maybe number 1 one day, but that wouldn't be for several years.

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October 14, 2014, 10:12:43 PM
 #3191

took profits just incase. bought into MARY jane coin looking good to be the next cann coin

So you buy ANY coin bearing a Cannabis related name? Seriously, did u even ask yourself why you bought CannabisCoin in the first place?

You bought CannabisCoin because it is Asset-Backed by Cannabis, and Pegged at 1 CANN Per Gram of Cannabis which you can start to exchange on 20th Oct 2014 onwards at Herbal Wellness Center, Arizona!

Now tell me, what is Maryj backed by? Hot Air? Or you just pick coins which happen to be cheaper than CannabisCoin in the hope they have the SAME success? Then you are a dreamer my friend.

If you think it's so easy to execute an asset-backed coin, think again, even Potcoin, 1 of the first coin created for the Cannabis industry... isn't backed by ANYTHING to date. No pegging whatsoever!

It's not JUST the pegging with Herbal Wellness Center in Arizona....

Look at the grow facilities D9 & Team have being built right now, and the beautiful CANNdy girls they're already growing.
Very impressive. The CannabisCoin Team have boots on the ground ( in the 'real' world ) and are doing the work to make their dream a reality.

CannaCoin has some great payment gateway software in beta development.

Compare this to the other weed coins....
MaryJ, Dope etc.... Huh  What compelling features do these bring to the table?



What about THE SAME SERVICES AS CANN!!!???

https://bitcointalk.org/index.php?topic=467641.msg9201338#msg9201338

DOPECOIN HASHRATE HIT 1GH/S

DEV confirmed deal to buy weed!!! BTC BTC BTC

1000 DOPECOIN (DOPE) = 1 Gram of Marijuana - CONFIRMED BY DEV!!!

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October 14, 2014, 10:13:13 PM
 #3192

Potential investor here.

Let's say I own a dispensary in Colorado.  I have as much business as I can handle because, well, legal weed.

Why should I accept CannabisCoin?

I like the idea behind CannabisCoin and the peg, I just need to understand why more than just this one dispensary associated with the dev will want to adopt it.  Why should I accept a coin and sell my weed at a loss in hopes the coin will accrue in value so I can break even.  Why not just use Bitcoin?  Or Darkcoin since it has anonymity.

Thank you.


You wouldn't want to accept CANN unless you owned a large percentage of it.

It's an easy concept to copy. I would assume many coins will be coming out soon. Probably with bigger dispensary chains.


I think the long term idea for delta9 is to own a massive 1000 store national chain of dispensaries.

Alternatively, your dispensary might accept CANN at a different exchange rate... eg., 5 CANN  buys 1g of house medical marijuana.
You could also buy cheap CANN now, then sell instore to cash customers to promote the payment method.
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October 14, 2014, 10:14:54 PM
 #3193

I have sold my CANN coins, made a nice profit, waiting for a cheaper entry.
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October 14, 2014, 10:15:35 PM
 #3194


Alternatively, your dispensary might accept CANN at a different exchange rate... eg., 5 CANN  buys 1g of house medical marijuana.
You could also buy cheap CANN now, then sell instore to cash customers to promote the payment method.

Great ideas!

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October 14, 2014, 10:17:07 PM
 #3195

took profits just incase. bought into MARY jane coin looking good to be the next cann coin

So you buy ANY coin bearing a Cannabis related name? Seriously, did u even ask yourself why you bought CannabisCoin in the first place?

You bought CannabisCoin because it is Asset-Backed by Cannabis, and Pegged at 1 CANN Per Gram of Cannabis which you can start to exchange on 20th Oct 2014 onwards at Herbal Wellness Center, Arizona!

Now tell me, what is Maryj backed by? Hot Air? Or you just pick coins which happen to be cheaper than CannabisCoin in the hope they have the SAME success? Then you are a dreamer my friend.

If you think it's so easy to execute an asset-backed coin, think again, even Potcoin, 1 of the first coin created for the Cannabis industry... isn't backed by ANYTHING to date. No pegging whatsoever!

It's not JUST the pegging with Herbal Wellness Center in Arizona....

Look at the grow facilities D9 & Team have being built right now, and the beautiful CANNdy girls they're already growing.
Very impressive. The CannabisCoin Team have boots on the ground ( in the 'real' world ) and are doing the work to make their dream a reality.

CannaCoin has some great payment gateway software in beta development.

Compare this to the other weed coins....
MaryJ, Dope etc.... Huh  What compelling features do these bring to the table?


MaryJ is the only POS cannabis related coin. Also it's the youngest among all of 'em, end of story.

CANN is emerald, others just pebble.

❄❁❇❂❇❃❇❅❇❆❇❈❇❉❇❊❇❋❄♒❇♓❇♉❇♈❇♊❇♋❇♌❇♍❇♎❇♏❇♐❇♑❄❋❇❊❇❉❇❈❇❆❇❅❇❃❇❂❇❁❄
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October 14, 2014, 10:18:39 PM
 #3196

I have sold my CANN coins, made a nice profit, waiting for a cheaper entry.

The new wave is coming and it's a rise not a fall, you will be waiting for at least 15-30 hours to see a much lower price to snag again, if it even happens. You can clearly see the trends are winding up another massive catapulting of the price to the North.

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October 14, 2014, 10:20:51 PM
 #3197

Nom, Nom, Nom.....mmmmm, cheap CANN.....

Keep taking profits people I am eating them up.
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October 14, 2014, 10:21:17 PM
 #3198

took profits just incase. bought into MARY jane coin looking good to be the next cann coin

So you buy ANY coin bearing a Cannabis related name? Seriously, did u even ask yourself why you bought CannabisCoin in the first place?

You bought CannabisCoin because it is Asset-Backed by Cannabis, and Pegged at 1 CANN Per Gram of Cannabis which you can start to exchange on 20th Oct 2014 onwards at Herbal Wellness Center, Arizona!

Now tell me, what is Maryj backed by? Hot Air? Or you just pick coins which happen to be cheaper than CannabisCoin in the hope they have the SAME success? Then you are a dreamer my friend.

If you think it's so easy to execute an asset-backed coin, think again, even Potcoin, 1 of the first coin created for the Cannabis industry... isn't backed by ANYTHING to date. No pegging whatsoever!

It's not JUST the pegging with Herbal Wellness Center in Arizona....

Look at the grow facilities D9 & Team have being built right now, and the beautiful CANNdy girls they're already growing.
Very impressive. The CannabisCoin Team have boots on the ground ( in the 'real' world ) and are doing the work to make their dream a reality.

CannaCoin has some great payment gateway software in beta development.

Compare this to the other weed coins....
MaryJ, Dope etc.... Huh  What compelling features do these bring to the table?



What about THE SAME SERVICES AS CANN!!!???

https://bitcointalk.org/index.php?topic=467641.msg9201338#msg9201338

DOPECOIN HASHRATE HIT 1GH/S

DEV confirmed deal to buy weed!!! BTC BTC BTC

1000 DOPECOIN (DOPE) = 1 Gram of Marijuana - CONFIRMED BY DEV!!!
so everyone got his fav coin, why dont u support your dopecoin in a productive way and stop to write like a capslock-hooked !!!11! 5 year old retard? Smiley
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October 14, 2014, 10:22:01 PM
 #3199

took profits just incase. bought into MARY jane coin looking good to be the next cann coin

So you buy ANY coin bearing a Cannabis related name? Seriously, did u even ask yourself why you bought CannabisCoin in the first place?

You bought CannabisCoin because it is Asset-Backed by Cannabis, and Pegged at 1 CANN Per Gram of Cannabis which you can start to exchange on 20th Oct 2014 onwards at Herbal Wellness Center, Arizona!

Now tell me, what is Maryj backed by? Hot Air? Or you just pick coins which happen to be cheaper than CannabisCoin in the hope they have the SAME success? Then you are a dreamer my friend.

If you think it's so easy to execute an asset-backed coin, think again, even Potcoin, 1 of the first coin created for the Cannabis industry... isn't backed by ANYTHING to date. No pegging whatsoever!

It's not JUST the pegging with Herbal Wellness Center in Arizona....

Look at the grow facilities D9 & Team have being built right now, and the beautiful CANNdy girls they're already growing.
Very impressive. The CannabisCoin Team have boots on the ground ( in the 'real' world ) and are doing the work to make their dream a reality.

CannaCoin has some great payment gateway software in beta development.

Compare this to the other weed coins....
MaryJ, Dope etc.... Huh  What compelling features do these bring to the table?


MaryJ is the only POS cannabis related coin. Also it's the youngest among all of 'em, end of story.

CANN is emerald, others just pebble.

MaryJ didn't destroy ICO coins... should be avoided. Rumors on DOPE are looking great, if it is true that you can buy weed with DOPE then that is the next one. Remember AUR? then Mazacoin? and then all the other coins Cheesy
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October 14, 2014, 10:27:08 PM
 #3200

Nom, Nom, Nom.....mmmmm, cheap CANN.....

Keep taking profits people I am eating them up.

LOL RIGHT!? Look at all the fakers selling small amounts to make it look like a real dump when it's only a few bucks, we're going to really reel in some fat ones today! Grab your CANNabis and relax as your sound investments grow like a flowering plant folks!  Grin

Go, go gadget D9! You're a true entrepreneur my good Sir, and I salute you with respect on your hardworking ethic and well thought out business plan. Keep up the impeccable work and cheers to all the team and supporters, we love you all and appreciate your commitment!  Cheesy

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