[ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions.

[MyFarm]

Here's the thing.  You can say that you're pegged 1 to 1 but if I take 10,000 CANN to the dispensary right now, I will only be allowed to sell 1-3 CANN.  If I could sell say 500 to 20 different dispensaries, that would be a peg.  You can't expect to get it all at one place but you DO have to have an expectation that you can cash it all out.  Allow me to use a different analogy.

Let's say we went back on the gold system in the USA.  The government says for every $1.00 you have, you can go to Ft. Knox and get $1.00 worth of gold.  But when you go to Ft Knox to cash out $100,000 they say they can't because they don't have enough gold for everyone to cash out.  

For a 1 to 1 peg of a coin that will have 100,000,000 coins, in order to have a 1 to 1 peg, you have to have a LOT of dispensaries.  Until I see a plan for getting those dispensaries on board, I'm afraid I can't committ funds.

MyFarm, maybe message D9 or try to catch him in the IRC channel where he frequently hangs out.

Nobody here knows the talks\deals\agreements he is making with dispensaries and what not.  
I understand what you are asking, and what has been told to you wouldn't satisfy my questions either, if you are legitimately interested, you need to take it up with D9.
As much as I love this coin, and everyone here.... they are just talking out of their asses because they do not know the agreements in place.

I like to see how a community responds before I invest in a coin.  And D9 shouldn't give me any inside info anyway, it should all be public.

Yes, this.  Literally enough dispensaries for 100 TONS of weed.  It is a point worth repeating.  Really guys, wrap your head around that number.

It's been a long time since my pot smoking days, but if we say 1 gram = $20, by the time it is fully mined, CANN is aiming for over $2 BILLION market cap.  $2 BILLION USD.

Does this seem like a plausible scenario?

It's plausible if they have a sound plan to get other dispensaries on board.  That's why I'm so interested in this coin.  If they have a sound plan and the means to execute it, I'll buy in big time.  

If not, I'll pass.

[IMJim]

thanks for the dumper who sold to me on bittrex at 7200 satoshi  

Will you look at that! Sold 100 k for 12 BTC earlier today, bought back 100 k for 8 BTC now. A good day

Nice man!!

[placebo]

thanks for the dumper who sold to me on bittrex at 7200 satoshi  

Will you look at that! Sold 100 k for 12 BTC earlier today, bought back 100 k for 8 BTC now. A good day

Great job

[BeCrypto]

Test transaction is today at the HWC. Expect good news from the devs today.

[btcapparel]

thanks for the dumper who sold to me on bittrex at 7200 satoshi  

Will you look at that! Sold 100 k for 12 BTC earlier today, bought back 100 k for 8 BTC now. A good day

4 BTC a day is good times

[mitchr4]

not out of the woods quite yet

[natmccoy]

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.

[corather]

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.

[BTC-Buds]

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.

U.S. Legal Pot Sales To Hit $8 Billion A Year In 2018: Report
http://www.huffingtonpost.com/2014/04/11/marijuana-industry-8-billion_n_5133863.html

[nukefxr]

With a  833 24 Hr BTC volume you know the whales are playing and they dont lose. Sit back and enjoy the ride

[CECVW]

sorry to ask this perhaps it has already being answered, the 20th October is the first transaction, the first transaction of what...someone buying cannabis with cannabis coin or the first ATM where you can cash cannabiscoin for Fiat? please can someone explain, I also read this coin can be after the 20 October $10...is it true?

Thanks

anyone can answer this please?

[RockHound]

With a  833 24 Hr BTC volume you know the whales are playing and they dont lose. Sit back and enjoy the ride

Agreed - 80k Sat in 3 days - it's easy money imo

[Buerra]

sorry to ask this perhaps it has already being answered, the 20th October is the first transaction, the first transaction of what...someone buying cannabis with cannabis coin or the first ATM where you can cash cannabiscoin for Fiat? please can someone explain, I also read this coin can be after the 20 October $10...is it true?

Thanks

anyone can answer this please?

Apparently the hype is about the first transaction of one gram of CANNdy weed will be sold for 1 Cannabiscoin which is $6 on the 20th. If it's true, I can't say, one can only wait and see.

[drizzle2405]

Where's BOB?  We need Bob now...  Get back from vacation ASAP!

[Motor_Licker]

sorry to ask this perhaps it has already being answered, the 20th October is the first transaction, the first transaction of what...someone buying cannabis with cannabis coin or the first ATM where you can cash cannabiscoin for Fiat? please can someone explain, I also read this coin can be after the 20 October $10...is it true?

Thanks

anyone can answer this please?

1) cannabis for cannabis coin
2) the coin will never be worth ten dollars unless something miraculous happens
3) read the f*cking thread. If you have enough time to post twice you have enough time to browse the thread.

[placebo]

With a  833 24 Hr BTC volume you know the whales are playing and they dont lose. Sit back and enjoy the ride

Agreed - 80k Sat in 3 days - it's easy money imo

I will sell all my CANN for 40k sat to you, easy money?

[kiki6990]

With a  833 24 Hr BTC volume you know the whales are playing and they dont lose. Sit back and enjoy the ride

Agreed - 80k Sat in 3 days - it's easy money imo

I will sell all my CANN for 40k sat to you, easy money?

40k sat will be an awesome price, but i`m sure you will not know how much of the stash to sell:)
I`m almost in love with this coin and i`m hoping the best for it. YES WE CANN!

[tinaken_v]

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!!!

[drizzle2405]

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

Take it back to the correct thread!  This is the CANN thread!

[ifightformerkel]

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!!!

niceeeeeeeee

dope will be huge in a few days

i have such a feeling, because the marketcap is only 50k dollar you can buy now 1 gramm for under 1 cent lol