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

[Cannacoin]

Cannacoin-QT PoSV v2.0.0.1 Released for Mac & Linux

New wallets for Mac and Linux are tested and available for download!  As planned the transition/hardfork to proof-of-stake is scheduled for block 370,000. Please make sure you update as soon as possible and as always BACKUP your wallet.dat!

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[sirsmokesalot]

"It must be emphasised that PoSV is designed specifically for the digital social currency Reddcoin and is never intended to serve as a drop-in replacement for other cryptocurrencies that don't share the same economic and social goals. PoSV should be evaluated as a piece in the Reddcoin ecosystem and not stand-alone"

" In particular, Reddcoin is well positioned to ll the niche of a digital social currency that's tightly in-tegrated with human social interactions and acts as the yardstick to concretise and quantify people's intangible asset of social influence."

It appears that Reddcoin seeks to function like some type of "karma" points system. Is society that bad off where we need the gold star sticker every time we do something good. Pavlov was a genius. So for it to gain value people have to see the coin as something positive and want to have more of the coin than others have so that others think they are "the shit" for having more of something they have less of?  

I guess the function for figuring out coin age should be some where in the code if it is open for public viewing. Beyond me, but it would seem easy to "game" the system if you understand how coin age is figured out and such. That holds true to anything in life, if you understand how it works, you can make it function to your best interest. I bring this up because i noticed the open challenge to the public about trying to game the system in the faq lol

"In particular, the clone cannot adopt PoSV from inception because, as discussed in section 2, the mere knowledge of the eventual adoption of PoSV or PoS will lead to people hoarding from the very beginning. To achieve a fair and wide distribution, an element of surprise at protocol level plus dedicated eorts at community level are both indispensable."

+1 for that! Mission accomplished!

Can't wait for that windows wallet!

[tokyopotato]

I guess the function for figuring out coin age should be some where in the code if it is open for public viewing. Beyond me, but it would seem easy to "game" the system

The code is there to see... you can attempt to "game the system" but in order to game the system you have to make a compromise which is that you have to stop staking in order to try and stake more coins in the future.

I think the best way to "game" the system is to move the coins every 45 days.  Just send all your coins from one wallet to another to reset the coin age. 

The amount of time it would take to analyze the function and figure out a function to game the existing function would take so much time and energy it would hardly be economical.

Regardless, the protocol is still very young and it's entirely possible in 6 months we will update the protocol with more advanced features and refined parameters.

[KinkyPool]

http://kinkypool.com/static/img/profile-pic.jpg

CannaCoin  has today been added to kinkypool

www.kinkypool.com

Twitter @kinkypool

CannaCoin   stratum+tcp://kinkypool.com:6048

Your username is your wallet address and your password can be anything....

[Cannacoin]

Cryptsy has added Cannacoin (CCN) to the coinvote list.

https://www.cryptsy.com/coinvotes/

[hybridsole]

Voted and spent all my cryptsypoints on it.  Cryptsy loves coins with innovative features, I'll send a tweet their way also. 

[fartbags]

Oh my. I thought I had enough CCN but maybe I want even more now.

What is going to be the new total coin count once PoW is over?

[Jamesonotc]

Spent my cryptsy points on this vote. A good reason to spend them I may add!

[Cannacoin]

Oh my. I thought I had enough CCN but maybe I want even more now.

What is going to be the new total coin count once PoW is over?

POSV switches at Block 370,000 which will leave us with 4,625,000 coins mined under Proof-of-Work (12.5 CCN x 370,000)

 

[LuckyKey]

Oh my. I thought I had enough CCN but maybe I want even more now.

What is going to be the new total coin count once PoW is over?

POSV switches at Block 370,000 which will leave us with 4,625,000 coins mined under Proof-of-Work (12.5 CCN x 370,000)

 

Sweet!  Better pick-up a few more. 

Any estimate as to when that block will come?

[altcoin.center]

Hello everyone!

I'm happy to inform you that Cannacoin has been added to Altcoin.Center's high availability addnode seed network.

The network currently has four DDoS protected nodes and more will be added shortly.

The servers can be reached at the addresses:

addnode=seeds.altcoin.center
addnode=seeds.altcoincenter.eu
addnode=seeds.altcoincenter.us

Yours,

Jyri
--
Altcoin.Center

[vegasguy]

I just want to add my 2 cents. I held 500,000 reddcoin when it switched over to posv, and I want to say it was the WORST proof of stake system EVER. With over 500,000 reddcoin I was averaging 15 coins a month reward. Guys if this is ANYTHING like the Posv of Reddcoin , you will be HORRIBLY dissapointed. Trust me, Im not new to pos coins, and I hold large amounts of every pos coin you can imagine, and even have a website dedicated to it. http://bitcoinlasvegas.net/category/highest-percent-proof-of-stake-coins/

[LuckyKey]

I just want to add my 2 cents. I held 500,000 reddcoin when it switched over to posv, and I want to say it was the WORST proof of stake system EVER. With over 500,000 reddcoin I was averaging 15 coins a month reward. Guys if this is ANYTHING like the Posv of Reddcoin , you will be HORRIBLY dissapointed. Trust me, Im not new to pos coins, and I hold large amounts of every pos coin you can imagine, and even have a website dedicated to it. http://bitcoinlasvegas.net/category/highest-percent-proof-of-stake-coins/

Thoughts;

At 2% I don't believe the goal was to reward holders as much as stabilize the influx of coins and the blockchain.

Did you leave your wallet online (staking) 24/7 ?

The following text is from github:

"It's easiest to think about this in terms of a lottery. Everyone with reddcoins has many "lottery tickets." Approximately every minute, one lottery ticket is chosen, and whoever wins gets awarded newly created coins. If you have reddcoins in your wallet, you have some lottery tickets. Whoever has the most lottery tickets has the best chance of winning. To enter the lottery just make sure your wallet is staking, and it will enter the drawing for you every minute."

I think the Reddcoin circulation is almost 30 billion?  If so, 500k is not that large of a position…meaning others will have a better chance in the lottery.

It may have balanced out more towards the 5% Reddcoin goal (I think) over the long haul?

[vegasguy]

If POS is not designed to reward stakeholders, then why did cann even include it, and why in gawds earth did they choose the worst POS ago (POSV) at the lowest percent!??! @Canndevs: dont even bother.

To answer your questions: My POS wallets are unlocked 24/7

Vegas

[fartbags]

Is there something actually wrong with PoSV? 2% interested stake per year is fine with me.

[hybridsole]

If POS is not designed to reward stakeholders, then why did cann even include it, and why in gawds earth did they choose the worst POS ago (POSV) at the lowest percent!??! @Canndevs: dont even bother.

To answer your questions: My POS wallets are unlocked 24/7

Vegas

This is CCN, you've got the wrong coin. 

[mcrose]

Hello everyone!

I'm happy to inform you that Cannacoin has been added to Altcoin.Center's high availability addnode seed network.

The network currently has four DDoS protected nodes and more will be added shortly.

The servers can be reached at the addresses:

addnode=seeds.altcoin.center
addnode=seeds.altcoincenter.eu
addnode=seeds.altcoincenter.us

Yours,

Jyri
--
Altcoin.Center

added!!!

staring to get some coins

CH1N7qAPCBBmLAhnzf6CCFvzHHDhxMSmtT

thanks!

[tokyopotato]

I just want to add my 2 cents. I held 500,000 reddcoin when it switched over to posv, and I want to say it was the WORST proof of stake system EVER. With over 500,000 reddcoin I was averaging 15 coins a month reward. Guys if this is ANYTHING like the Posv of Reddcoin , you will be HORRIBLY dissapointed. Trust me, Im not new to pos coins, and I hold large amounts of every pos coin you can imagine, and even have a website dedicated to it. http://bitcoinlasvegas.net/category/highest-percent-proof-of-stake-coins/

500,000k reddcoin is only 0.002% of the Reddcoin network.  That's why you got such low rewards.

#1: The point of POSV is for securing the network for the future and not for rewarding people with thousands of new coins everyday for doing no work.  That will compound the centralization of coins and network distribution very quickly.

#2: Proof-of-stake Velocity is hardly different in real terms from proof-of-stake 2.0 under Blackcoin.  Blackcoin has a 1% interest rate and yet the coin has maintained value and network security, along with a strong community.

#3: If you want to acquire more Cannacoins, then you mine other coins and purchase CCN... such as a multipool like Blackcoin and Reddcoin both have.  We plan to setup a multipool down the road specifically for Cannacoin, but in the mean-time you can simply purchase CCN.

#4 Thanks for your input

[fartbags]

CannaCoin is looking really good. I did some research and from what I found, CCN has the connections to do something huge in this industry.

This is the #1 crypto in this niche market but not highly valued yet. Right now is an amazing time to get in if you don't have any CCN. CCN price dropped 80% so grab lots of them today and get active in the community.



This is the "marijuana coin" for everyone to get behind. 0% premine. No ICO. No manual coin swap scam (a.k.a. devs steal coins from everyone and then gives some back). No instamine. Multiple devs. Third party support. And best of all, the marketcap is like that of a brand new coin.

[altcoin.center]

Hello everyone!

I'm happy to inform you that Cannacoin has been added to Altcoin.Center's high availability addnode seed network.

The network currently has four DDoS protected nodes and more will be added shortly.

The servers can be reached at the addresses:

addnode=seeds.altcoin.center
addnode=seeds.altcoincenter.eu
addnode=seeds.altcoincenter.us

Yours,

Jyri
--
Altcoin.Center

added!!!

staring to get some coins

CH1N7qAPCBBmLAhnzf6CCFvzHHDhxMSmtT

thanks!

Good to hear it's working for you! =)

Yours,

Jyri
--
Altcoin.Center