placebo
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 Offline
Activity: 1120
Merit: 1000
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October 14, 2014, 06:14:06 PM |
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retweetet so dope is going also to share cannabis? the dev is from holland right? Keep on retweeting, we can be added on Bittrex if we show our support, and then big whales will get in DOPE. 1000sats is really possible!!! This is a post from dope... their goal is 1k sat? guys I don't think anything is happening, there is no plan, someone just decided do crossover hype into dope, I see nothing at all that says to the contrary... Everyone wants a piece of the hype cake  I will make some cake  or just buy it on Holland  Or just buy it with DOPEcoins |
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BeCrypto
Member
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Activity: 84
Merit: 10
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October 14, 2014, 06:15:25 PM |
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retweetet so dope is going also to share cannabis? the dev is from holland right? Keep on retweeting, we can be added on Bittrex if we show our support, and then big whales will get in DOPE. 1000sats is really possible!!! This is a post from dope... their goal is 1k sat? guys I don't think anything is happening, there is no plan, someone just decided do crossover hype into dope, I see nothing at all that says to the contrary... Everyone wants a piece of the hype cake Riding the coattails of the almighty CANN. |
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MyFarm
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October 14, 2014, 06:16:23 PM |
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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. That's what I'm trying to understand. What value CANN brings to other dispensaries. With one dispensary accepting CANN, the supply AND demand won't be there despite the psychological peg. If someone can share with me what I'm missing, I'm ready to invest heavily as I love the idea. |
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ciccas4
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October 14, 2014, 06:17:03 PM |
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BeCrypto
Member
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Activity: 84
Merit: 10
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October 14, 2014, 06:18:02 PM |
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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. That's what I'm trying to understand. What value CANN brings to other dispensaries. With one dispensary accepting CANN, the supply AND demand won't be there despite the psychological peg. If someone can share with me what I'm missing, I'm ready to invest heavily as I love the idea. The Canndy strand will only be sold for CANN Coins. |
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GumboToGumbo
Newbie
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Activity: 24
Merit: 0
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October 14, 2014, 06:25:03 PM |
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In case you all wondering how CANN price will go much higher, just think about CANN be decoupled from BTC value and will have a direct fiat value.
View BTC as just another option to buy CANN coins with on the 20th October.
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Normandoyle
Full Member
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Activity: 154
Merit: 100
meow
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October 14, 2014, 06:27:37 PM |
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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. CANN is a global movement. The chances of another coin being able to mimic the success of CANN is slim. A new coin with bigger dispensery chains? Unlikely, and only possible if it were started by a Government. That being said, Cannabiscoin is becoming a standard in Cryptocurrency payments. If a dispensery were to accept CANN, they would want to sell CANNdy and other cannabiscoin products. Selling their OWN product for CANN is risky at this point, but the benefits will always outweigh the risks. Cannabiscoin is for patients, not profits. Patience, patients. Patients, Patience! |
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ared
Newbie
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Activity: 48
Merit: 0
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October 14, 2014, 06:28:29 PM |
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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. 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. As for a customer, today he may pay for a gram of Strain A @ 0.05 BTC, since BTC price now is $400, so thats about $20 he is paying for a gram of Strain A. However, perhaps BTC drops by 10% tmr, then the cost in BTC to the customer has just gone up by 10%, so he now has to pay 0.055 BTC. Whereas, by using CannabisCoin, whatever the price of CannabisCoin, the price to a customer and the dispensary will ALWAYS be the same since the Peg is 1:1, so 1 CANN per Gram of Cannabis. Hence, CannabisCoin is LESS Volatile and MORE Stable, a better choice for dispensaries among many other cryptocurrencies out there! Thirdly, as for selling Cannabis at a loss, yes for the short-term, it is paper loss. Not that I am expecting you to instant-exchange Cannabis for Fiat until at least near parity or at parity. 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. 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/ |
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MyFarm
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October 14, 2014, 06:29:00 PM |
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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. That's what I'm trying to understand. What value CANN brings to other dispensaries. With one dispensary accepting CANN, the supply AND demand won't be there despite the psychological peg. If someone can share with me what I'm missing, I'm ready to invest heavily as I love the idea. The Canndy strand will only be sold for CANN Coins. I don't see any special value there. There are countless strains at this point. If I own a dispensary and have a ton of business, there's no reason for me to bring in a new strain that I have to sell at a loss initially. Unless someone can point out what I'm missing. |
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AllCoinedUp
Member
Offline
Activity: 201
Merit: 10
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October 14, 2014, 06:30:11 PM |
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how can u be sure it will be 1$ in 7days
Go research the coin and learn about the event and business plan then you will know. lol the marketcap of 4.5 million dollar right now is really insane, but it will never reach 1 dollar = 91 million dollar marketcap this would mean over 220.000 satoshi, lol you guys are funny here.  Oh so NOW you believe it can reach $10? you just wanted to find one for cheaper and advertise it here so it's less of a risk for you with the same rewards, eh? good try, but I noticed, lol
pls read correct than write, thx.
the marketcap of dope is 20k dollar now, it can easy go to 1 million, but no coin can go easy from 4 million to = 950 million dollar marketcap (what would be 10 dollar for 1 cann)indeed, that would be unprecedented growth. also un likely imo off of one store. Good to see it rising tho! |
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MyFarm
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October 14, 2014, 06:30:46 PM |
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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. CANN is a global movement. The chances of another coin being able to mimic the success of CANN is slim. A new coin with bigger dispensery chains? Unlikely, and only possible if it were started by a Government. That being said, Cannabiscoin is becoming a standard in Cryptocurrency payments. If a dispensery were to accept CANN, they would want to sell CANNdy and other cannabiscoin products. Selling their OWN product for CANN is risky at this point, but the benefits will always outweigh the risks. Cannabiscoin is for patients, not profits. Patience, patients. Patients, Patience! That doesn't answer my question of why I should accept CANN if I am a dispensary owner. |
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Normandoyle
Full Member
Offline
Activity: 154
Merit: 100
meow
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October 14, 2014, 06:31:15 PM |
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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. That's what I'm trying to understand. What value CANN brings to other dispensaries. With one dispensary accepting CANN, the supply AND demand won't be there despite the psychological peg. If someone can share with me what I'm missing, I'm ready to invest heavily as I love the idea. The Canndy strand will only be sold for CANN Coins. I don't see any special value there. There are countless strains at this point. If I own a dispensary and have a ton of business, there's no reason for me to bring in a new strain that I have to sell at a loss initially. Unless someone can point out what I'm missing. I'd wait for the CANN devs to respond to you. DON'T let us influence your decision. Get in here D9! |
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baxto
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October 14, 2014, 06:32:25 PM |
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Man i have a significant amount of CANN coins stuck in a wallet that i accidently formatted the hard drive on and didnt backup the wallet. I was unable to retrieve the wallet.dat even after trying some recovery programs, does anyone know any other way i can possibly retrieve those coins?
Depends on the type of formatting you did and if that cluster of the hard disk has been re-used. How many were lost? over 3,000 coins. I went from windows to linux so i had to wipe the HD clean and partition it for Linux |
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Normandoyle
Full Member
Offline
Activity: 154
Merit: 100
meow
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October 14, 2014, 06:33:25 PM |
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Man i have a significant amount of CANN coins stuck in a wallet that i accidently formatted the hard drive on and didnt backup the wallet. I was unable to retrieve the wallet.dat even after trying some recovery programs, does anyone know any other way i can possibly retrieve those coins?
Depends on the type of formatting you did and if that cluster of the hard disk has been re-used. How many were lost? over 3,000 coins. I went from windows to linux so i had to wipe the HD clean and partition it for Linux must be frustrating  |
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MyFarm
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October 14, 2014, 06:38:11 PM |
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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? |
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Normandoyle
Full Member
Offline
Activity: 154
Merit: 100
meow
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October 14, 2014, 06:40:05 PM |
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Waiting for the Cannabiscoin devs to get in here!
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AllCoinedUp
Member
Offline
Activity: 201
Merit: 10
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October 14, 2014, 06:42:11 PM |
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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. 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. As for a customer, today he may pay for a gram of Strain A @ 0.05 BTC, since BTC price now is $400, so thats about $20 he is paying for a gram of Strain A. However, perhaps BTC drops by 10% tmr, then the cost in BTC to the customer has just gone up by 10%, so he now has to pay 0.055 BTC. Whereas, by using CannabisCoin, whatever the price of CannabisCoin, the price to a customer and the dispensary will ALWAYS be the same since the Peg is 1:1, so 1 CANN per Gram of Cannabis. Hence, CannabisCoin is LESS Volatile and MORE Stable, a better choice for dispensaries among many other cryptocurrencies out there! Thirdly, as for selling Cannabis at a loss, yes for the short-term, it is paper loss. Not that I am expecting you to instant-exchange Cannabis for Fiat until at least near parity or at parity. 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. 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/Wow, pump much? I like the idea and all but we need to be realistic. By saying its will be more stable than BTC is just plain non sense. I dont even need to explain that...  And you must know nothing about biz and Groupon. It is detrimental to small business! There are plenty of horror stories about it. I own a restaurant and food trailer and have seen it first hand. In a simple math explanation, no small biz can make money (even if you get new customers, which you wont as Groupners are the most fickle customer base that exist) on 25 cents to the dollar. There is no money there left, ive had friends try it after i strongly suggested otherwise. They said they can make it up on volume and new customer (the sales pitch from Groupon). lol, how do you 'make it up one volume' if you are losing .75 cents per dollar on every sale. Groupon should go out of business. Sorry for the rant, but ppl need to know about their scam, unless you are a HUGE corp, it will COST you money with very little customer retention. And the local banks are working with them. Im not trying to say this is a bad buy or anything just putting my 2 cents of reality. Like the above post, its cap would need to be around 1B. Seems unlikely with one dispensary taking it. |
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tiggytomb
Legendary
Offline
Activity: 1848
Merit: 1000
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October 14, 2014, 06:43:19 PM |
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I have 100 coins from a giveaway unconfirmed been sitting in wallet since April and the TXID is not on the block chain explorer, did I miss some exchange of coins or something?
I'm on the latest wallet 0.8.6.3 and wallet is synced
Status: 0/unconfirmed
Date: 21/04/2014 07:50
Credit: 100.00 CANN
Net amount: +100.00 CANN
Transaction ID: 46060387f07423ecb36828cc78183254c468315c582ccb4b06f0d86a7ea59eba
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drizzle2405
Legendary
Offline
Activity: 1148
Merit: 1000
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October 14, 2014, 06:43:36 PM |
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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? You are forgetting that bitcoin was once worth nothing, not all that long ago... If I would have told you 4 years ago Bitcoin would hit $1,000, you would have laughed as well... |
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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October 14, 2014, 06:44:23 PM |
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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? Assuming cann is already at pegged value and stable, what would your objections be? |
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