Jamie boy still can't get it right.
I put up a brief history back in December, perhaps it is time to repeat it, although the significant information is about a year old:
In a nutshell, CANN was originally a scrypt coin with a 1% premine and initially planned max coin supply of 500,000,000 (500 Million), released 4/20/14 and was later swapped to the X11 algorithm with a current maximum coin supply of about 92,000,000 (92 Million) coins. Part of this transition involved a coin swap, old for new. To facilitate this enough coins had to be generated in a premine to cover all outstanding scrypt coins, some 21 Million plus coins when the scrypt version was stopped at block 52080, IIRC. These coins had low value at the time and a chunk may even have been mined by the dev but the bottom line is that many were not claimed and simply sent to offline wallets and forgotten about.
Six months after the initial launch the first pegged exchange of 1 CANN = 1 gram took place and coin speculators drove the price of CANN to almost 20K sat (BTC0.00020000) and the boys from cannacoin (CCN) went batshit crazy.
They hung their hats on two facts, namely that there were millions of unexchanged coins still on the block chain and that the 1:1 exchange of the 1% premine represented 5.4% of the new, reduced coin supply.
Unfortunately, in my opinion, ∆9 simply "burned" the majority of the left-over unexchanged coins by sending them to addresses for which there are no private keys, essentially destroying them. I call this unfortunate because I believe ∆9 deserved them as recompense for what he is spending setting up the grow sites and the crops to be donated for CANNdy supply or at least that they be used as a donor fund to supply mmj to patients when CANN inevitably rises to near-parity pricing some time in the future. The noise and distress created by team CCN made this impractical and ∆9 simply eliminated the source of contention (the coins that is, not team CCN).
On the second point, that the 1:1 exchange increased the premine percentage, that would be important if ∆9 was a pump-and-dump scammer attempting to enrich himself at the expense of everyone else. Since he is pouring his own funds into the enterprise and allowing others to enrich themselves from his efforts it becomes a complete non-issue. If he eventually makes money out of the commercial grows and gains from his CANN holding then more power to him, although I suspect he is more likely to donate his CANN than sell it.
Those rascally young fellows from CCN, however, have been relentlessly attempting to spin the above into a portrait of wrongdoing by ∆9. Despite having been told repeatedly they continue to claim they are onto some great scandal and insinuate that ∆9 is somehow trying to defraud the innocent and altruistically-intentioned cryptocurrency community. And if you believe that they'll tell you another.
By way of an update James was given the bum's rush from that team, the majority of whom have publicly distanced themselves from him and his manic bleating (see what I did there? Slipped in a goat reference for James - he apparently likes to imagine himself a goat.).
As you can see, James, along with an occasional accomplice, continues to frantically create sock puppet accounts and breathlessly claim inside knowledge of some dark CannabisCoin secret.
@James:Once again James since your memory issues are apparently worsening, the YESWECANN account is used by whoever happens to be using a specific work station:
This YESWECANN account is used by two to three people at given times. It includes DeltaNine, ChinoGreen, and Me, "Heather". ...
Now, ∆9 always signs his mod account posts with "~D9" or "~DeltaNine", surely you've seen that. Is it important to know whether a CannTeam post is made by ChinoGreen or Heather? Hardly matters, does it.
I'd hate to know how many times that has been posted for you. If it makes you feel any better then consider it the name of the duty moderator account.
@Everyone:I propose that rather than trying to reply to James and feeding his mania that everyone use the following code:
[center]This button is the first step to peace James. Click it to find the help you seek.[/center]
[center][url=https://www.dshs.wa.gov/mental-health-and-addiction-services][img]https://i.imgur.com/rGM0Jx6.png[/img][/url][/center]
If you find it necessary to quote one of his posts to identify why you are reposting the James button then please take a moment to delete his text from the quote. Without the gratification of seeing his inane ramblings he has reduced incentive to post. You may preview the James button
here.
Thank you.
