[ANN] Cannacoin (CCN) | PoW->PoSV | No premine | No IPO

[tokyopotato]

Looks-wise... it looks horrible.

Functionality-wise it looks amazing.

This thing is going to be great in a month or two.

CCN is the new hottest coin right now for me. I'm trading my bitcoin for cannacoins.

The design is simplistic to... as you said, be functional.  It was originally meant to be a back-end solution for merchants, but as it was built, it became apparent that it could serve many purposes. 

Since it was done using Javascript it will be very easy to build custom skinning for mobile devices.   Prices and data are updated in real-time without refreshing the page.

[tokyopotato]

Crypto-Economics with the Cannacoin Devs - An IRC Log - 9/4/2014

http://pastebin.com/euv9c6ic

Enjoy!

[tokyopotato]

[tokyopotato]

This is our USB installer and bootable drive that allows people to run a secure Linux wallet on any PC (works on some Macs as well) now going into a beta for the team, soon to be released as an ISO for download on torrent and hosting service.

[Cannacoin]

A quick update on the official CCN faucet, over 5,500 CCN has just been added to the wallet balance for payouts. Go get you some free coins! http://cannacoin.cc/faucet and tell your friends!

[24Kilo]

This is our USB installer and bootable drive that allows people to run a secure Linux wallet on any PC (works on some Macs as well) now going into a beta for the team, soon to be released as an ISO for download on torrent and hosting service.

This is very clever and great thinking... make using crypto, in this case, CCN... easy for the masses and the computer challenged. I really like this and will be putting it to good use.

[tokyopotato]

This is our USB installer and bootable drive that allows people to run a secure Linux wallet on any PC (works on some Macs as well) now going into a beta for the team, soon to be released as an ISO for download on torrent and hosting service.

This is very clever and great thinking... make using crypto, in this case, CCN... easy for the masses and the computer challenged. I really like this and will be putting it to good use.

Thanks.  A lot of people worry about running a hot wallet on their main operating system for security reasons. We will put together a guide on how to use this for folks.  Cheers!

[Equalizer1970]

What is the ETA for POS implementation? And what will the interest rate be?

Any plans to peg Cannacoin to 1gram of MJ?

[tokyopotato]

What is the ETA for POS implementation? And what will the interest rate be?

Any plans to peg Cannacoin to 1gram of MJ?

So, let's be realistic here.  In order to peg 1 gram of MJ to 1 Cannacoin, you have to have someone who is able to produce and sell enough to do that.  Saying you are going to peg the price, and actually doing it, are two different things.  Let's say that someone wants to exchange 1,000 CCN for 1,000 grams.  That would be highly unrealistic at the moment. 

Moreover, given the current legal issues surrounding both crypto and Cannabis in Washington State and other states, it is best to develop our platform and get more coins distributed.

At the moment, we are more interested in developing our platform and moving to Proof-of-stake before we attempt to do this.  However, given our low amount of coins compared to other coins, it is far more realistic for us to peg prices.

In the short-term, we WILL be pegging the price of products on our cannacoin.cc/store as we improve it and put more goods on there.

In short, there's a lot of development that needs to get done before this would be logistically possible.

[tokyopotato]

The POS interest will be 1%

ETA at the moment is between 30-60 days

[Equalizer1970]

The POS interest will be 1%

ETA at the moment is between 30-60 days

Thanks for the prompt response.

[8-bit]

I'm excited to see what the future holds for Cannacoin

I think the low volume of coins is important for a industry specific coin. What do you guys think?

[tokyopotato]

We recently have had many inquiries about price pegging and Cannacoin.

Do we plan to plan to peg the price of CCN to Cannabis?

The short answer is: Yes   This is part of a long-term strategy to benefit our community in Washington as well as extend this into Oregon and California.  We have many business partners in those states that are currently watching our development and remaining in contact with us.  These include growers, patients, producers (such as edibles and extract companies), and retailers.

The Cannacoin team has ruthlessly discouraged hyping our coin by making promises and creating high expectations which in turn lead to pumping and dumping.  We are committed to delivering development, as you can see from our many projects if you scan this thread.

At the Cannacoin Convention, we will be discussing price-pegging and how to accomplish this realistically.  Most likely, we will start with price pegging on our own Cannacoin.cc/store for merchandise that is not Cannabis. 

People must remember we are operating in a very gray area with regards to the law when it comes to crypto and Cannabis, so we are going to tread extremely carefully and ensure that nobody gets hurt.

Your patience and dedication to our team is appreciated.  If you are a patient or developer in Seattle WA or Portland OR, please get in contact with me to setup a meeting with our team.

[tokyopotato]

I'm excited to see what the future holds for Cannacoin

I think the low volume of coins is important for a industry specific coin. What do you guys think?

Once we switch to Proof-of-Stake, the rate of inflation will be significantly less than throughout PoW.

This is good for our community and one of the reasons we want an extra 4-6 weeks of mining is to give miners the opportunity to acquire more coins prior to this phase.

We currently have plans to utilize 30+ Mh/s to generate coins for giveaways that will be coming online by the middle of next week.  After that, our miners will point at multipools, Dogecoin, Litecoin and we will begin buying CCN on the marketplace for giveaways.

[kryptologist]

Interesting that they will be pegging CCN. Will watch.

https://twitter.com/CCNProject/status/509774309423058944

[fartbags]

The USB key looks like a great way to securely store coins. Like a paper wallet but way more usable. You can dig it up from the back yard, send out a few coins and bury it again.

[tokyopotato]

The USB key looks like a great way to securely store coins. Like a paper wallet but way more usable. You can dig it up from the back yard, send out a few coins and bury it again.

LoL. Yeah!

[youngwebs]

http://ccn.youngwebsolutions.com

One of the oldest pools around and still working flawless. Join quick before Mining is no longer possible

1%fee
8 core Fast server
high uptime
Many satisfied users
http://ccn.youngwebsolutions.com

[tokyopotato]

http://ccn.youngwebsolutions.com

One of the oldest pools around and still working flawless. Join quick before Mining is no longer possible

1%fee
8 core Fast server
high uptime
Many satisfied users
http://ccn.youngwebsolutions.com

We are using your pool at the moment to test our new.... hash...

[tokyopotato]

Jameson showing off one of his dab stations that is available in the http://cannacoin.cc/store/

https://i.imgur.com/wdaoOzf.jpg