dygus
Legendary
 Offline
Activity: 1193
Merit: 1000
Peaky Blinder
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April 19, 2015, 10:28:27 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? Price was about 3000 sats, now is about 2400-2500 after sellout of abou 3m coins. So think what gonna happened if it break 3k sats again. |
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malaimult
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April 19, 2015, 10:31:13 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? I think if you own a large holding of a coin, and you have a decent supply of bitcoin, you can push the market around using multiple accounts and spreading a lot of orders. bittrex only allows you to see to a depth of 50. so if you create spreads, delete them, create them, delete them, you can watch to see what is hidden below... then hide them. then wait. then create a long spread. then dump to yourself. in turn you lose nothing, just the trading fee which is hardly anything. but it freaks people out. more people will dump into the buys you set up the ladder from the bottom of the dump. but remember, you sold the coins to yourself, you didnt sell them. so you end up getting fear sells into the buys you place right after, collecting more coins. you can search the blockchain explorer. thats exactly what this was. the person who dumped should have dumped to more than one account and spread better. maybe he was high. anyways, my theory is he wanted to buy coins from 1403 up to 2400, perhaps, and i would think, is because a pump will happen. this of course is just one theory. but yes the coins sold into one buyer, you can see each buy. all the same person. ----- well a large chunk of them like 1.3 million of the 1.7. |
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malaimult
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April 19, 2015, 10:34:25 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? Price was about 3000 sats, now is about 2400-2500 after sellout of abou 3m coins. So think what gonna happened if it break 3k sats again. well the actual dump, which was all at once, was like 1.7 million but 1.36 million went into one persons account, one buyer who had a huge spread. basically someone dumping coins to himself. no loss. cann moves from b to a and btc moves from a to b. he owns both. but yes 3 million did trade. so he may have "took loss" on roughly 400k coins during the dump, but then he picked up 1.3 million additional coins (1.7-3) buying back up with the bot buys he placed up the chain immediately after which lots of people sold into in panic. the coins,.. someone wants them. |
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Hippie Tech
aka Amenstop
Legendary
Offline
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
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April 19, 2015, 10:35:44 PM |
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That's F'N weird dude. That address has mined inputs as well. Too many rogue addresses with millions of coins  Fyi, the other addys show zero balances and it belongs to one of the top miners at suprnova. https://cann.suprnova.cc/index.php?page=statistics&action=round |
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BTCMILLIONAIRE
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April 19, 2015, 10:46:05 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? because a pump will happen. No idiot will sell to himself and then buy more cheap coins and hold....of course a pump is coming by tmw 4/20 so ....im accummulating below 2500 sats ......lets see if it breaks 3k then i wouldn't be surprised if it reaches to 5k  |
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malaimult
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April 19, 2015, 10:48:26 PM |
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I just did a small spread sample test. i bot placed 15 small buys... very fast on a spread from 2400 to 2200... all small 25-35 cann in size. they all sold immediately. basically i was trying to bury the spread/hide it, make it long and strung out with small buys. but the thing is, the rest of the buys stayed. meaning someone who has buys on the books, is selling into the buys from the same account. there is going to be a dump likely. someone... is accumulating coins. tips to the twitter post for seeing that nice find. |
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malaimult
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April 19, 2015, 10:51:55 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? because a pump will happen. No idiot will sell to himself and then buy more cheap coins and hold....of course a pump is coming by tmw 4/20 so ....im accummulating below 2500 sats ......lets see if it breaks 3k then i wouldn't be surprised if it reaches to 5k are you serious? ok, info: its a trading tactic called "painting the tape." it's used by traders, very discretely all the time. its market manipulation. in the stock market its illegal. but this here... is the wild west of finance. |
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BTCMILLIONAIRE
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April 19, 2015, 10:54:02 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? because a pump will happen. No idiot will sell to himself and then buy more cheap coins and hold....of course a pump is coming by tmw 4/20 so ....im accummulating below 2500 sats ......lets see if it breaks 3k then i wouldn't be surprised if it reaches to 5k are you serious? ok, info: its a trading tactic called "painting the tape." it's used by traders, very discretely all the time. its market manipulation. in the stock market its illegal. but this here... is the wild west of finance. what u mean "are u serious?" Edit: i think u misunderstood me....i was being sarcastic on the idiot line  |
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malaimult
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April 19, 2015, 11:03:55 PM |
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ahh they tagged with $CANN instead of #CANN. Very interesting info, so what do you think it means? because a pump will happen. No idiot will sell to himself and then buy more cheap coins and hold....of course a pump is coming by tmw 4/20 so ....im accummulating below 2500 sats ......lets see if it breaks 3k then i wouldn't be surprised if it reaches to 5k are you serious? ok, info: its a trading tactic called "painting the tape." it's used by traders, very discretely all the time. its market manipulation. in the stock market its illegal. but this here... is the wild west of finance. what u mean "are u serious?" i was asking if you were serious. you said no buyer would sell to himself then buy more coins cheap. ok--- if someone wants coins. they want to buy them cheap. thats buying low. spreading a large amount of buys out, in account A, with BTC, you create the illusion there is demand. but on the lower end, or at least lower than where the market price is at. then in account B, or B,C,D, etc, you have your CANN. You may also create sell spreads, depending on what you are trying to do. using either custom software, or a trading platform for cryptos like CAT, which is what I use, you paint and unpaint the ticker which, correction is 100 rows long. thats all people can see. by placing and removing the buys, in large numbers, you quickly get a glimpse of what is beneath the surface. this is known as information. most traders are not watching the moves this closely. most traders dont even know what painting the tape is. so after gathering enough info, and waiting for the right time, you set your spread. in this case; it looks like: 1.3 million CANN Now, .4 million CANN were also "on the spread", but likely from actual traders. thats ok though because using a good platform trader you can run the figures and know if the math works out. so you wait, then set, the dump. now the guy how owns all accounts, thats A B C and D, all he did was sell 400k CANN at under market price. likely on the high end, because there usually isnt much under the surface because you cant see it. so he took a small loss on 400k. he also sold 1.3 million to himself, which only cost him. 0.003% in a trading fee. then, after the dump, his software fills in nice chunk orders up the ladder back to market, or under market price. people freak out, and in this case, dumped him a total of 1.3 million coins at well under market price. so he netted 900k coins at under market price, which otherwise he would have never been able to buy, at that price. hope this helps in terms of why someone would want to do that. |
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malaimult
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April 19, 2015, 11:05:56 PM |
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ok woops sorry, i read to fast or im just tired. missed the sarcasm lol. yea id guess someone is buying up. question, someone posted that the account traced to suprnova, where is the link on the blockchain for that? doesnt surprise me though. |
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TheCoinMonster
Newbie
Offline
Activity: 43
Merit: 0
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April 19, 2015, 11:08:41 PM |
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I just did a small spread sample test. i bot placed 15 small buys... very fast on a spread from 2400 to 2200... all small 25-35 cann in size. they all sold immediately. basically i was trying to bury the spread/hide it, make it long and strung out with small buys. but the thing is, the rest of the buys stayed. meaning someone who has buys on the books, is selling into the buys from the same account. there is going to be a dump likely. someone... is accumulating coins. tips to the twitter post for seeing that nice find. I get what you are proposing, but if you use the beta version of the site to check the order book you can see every order. I never use the beta version to execute trades but I often have it open so I can view the complete order book. https://beta.bittrex.com/Market/Index?MarketName=BTC-CANN |
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malaimult
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April 19, 2015, 11:22:24 PM |
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I just did a small spread sample test. i bot placed 15 small buys... very fast on a spread from 2400 to 2200... all small 25-35 cann in size. they all sold immediately. basically i was trying to bury the spread/hide it, make it long and strung out with small buys. but the thing is, the rest of the buys stayed. meaning someone who has buys on the books, is selling into the buys from the same account. there is going to be a dump likely. someone... is accumulating coins. tips to the twitter post for seeing that nice find. I get what you are proposing, but if you use the beta version of the site to check the order book you can see every order. I never use the beta version to execute trades but I often have it open so I can view the complete order book. https://beta.bittrex.com/Market/Index?MarketName=BTC-CANNvery nice was unaware this existed. thanks! |
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Pewperpan
Newbie
Offline
Activity: 1
Merit: 0
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April 20, 2015, 02:21:31 AM |
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Hi!!! Do we have any news of the outcome for the harvest that was supposed to happen back a while ago? are we forgetting that there was something supposed to be happening back then or what? are there any updates of that or was there ever a result of the led grow about efficiency and performance, will it work? besides that, have a lovely day
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B4zz4
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April 20, 2015, 02:46:05 AM |
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Alright.. I have been thinking a lot about this recently... What is the main "magnet" for people to buy CANN? 1 CANN for 1 gram of marijuana is not realistic! Even if the dev is growing his canndy.. I doubt he is growing millions of grams! In a dutch coffeeshop a good quality weed already costs you about ~8-9 euro  This is not meant as fud, but purely interest! I am a well known figure in a few regions in the netherlands, cannabis related of course I cant see this happening.. I really cant. Why would someone sell his weed for 1 cann? if he can sell it on the streets for at least 5$ a gram  It doesnt make any sense to me at all! I also spoke to a few coffeeshop owners if they are willing to accept CANN or BTC as payment. They all answered no. Because they will lose money on it, since its cryptomarkets. And not 1 coin has a stable value. I told them later on in the conversation there are multiple auto exchange platforms available, but that would mean interference from other companys to do the trading. Marijuana related "companys" dont like interference At least not where I come from I do hold a small stake in cann. I have around 30K atm. Please give me good reason to stock up more, besides the "upcoming 420 pump" Thank you, Banzai This comes up from time to time so perhaps it is worth addressing again: The 1 CANN = 1 Gram peg only applies to supplies of CANNdy. CANNdy is donated medical marijuana, either purpose grown by cultivators in the same manner as some farmers set aside a portion of their crops for donation to food banks or it is product donated by the dispensaries themselves. Naturally CannabisCoin (CANN) may be used for other purchases but then the value is whatever the current market exchange rate happens to be, the 1:1 peg value does not apply. There is not and never will be any requirement to supply 92 million grams of CANNdy although it is perfectly feasible to do so. Note that in Arizona alone in 2014 medical marijuana patients purchased some 10 million grams of medication, up from 3 million in 2013. I believe the recent feature on the legal cannabis enterprise cash problem in the U.S. called it a $2.7 billion industry in 2014, that would equate to 270 million grams at $10/gram. Not that every coin is going to be in use, most will likely be in patients' savings or in the hands of traders or market accounts. As CANNdy is distributed and CANN's value grows and stabilizes it will become attractive as a hedge currency among crypto currencies too, again putting pressure on supply. It is possible that at some point in the future it may become necessary to increase the currency supply to keep the exchange value of CANN down low enough to meet the 1:1 peg - only time will tell. It seems that quite a few people coming here miss a couple of key items on the OP - take the time to carefully read and understand these quotes: The Yes We CANN movement is about medical marijuana dispensaries and shop owners that participate in providing safe, affordable, and quality medicine utilizing CannabisCoin as payment. This movement is a way for dispensaries and shop owners to show their appreciation to their patients by donating some medication into the “CANNdy” inventory. and CANNdy is a supply of meds that consists of strains grown specifically for CannabisCoin purchases and/or strains that can be purchased at the rate of 1 Cannabis Coin (CANN) to approx. 1 GRAM of medication. CannabisCoin and the Yes We CANN movement are about charitable giving. DeltaNine is on a mission to help medical marijuana patients. Those who understand how profitable charity can be will likely do well with CannabisCoin. On the other hand those racing in here in the full fever of avarice, expecting ∆9 to make them rich, preferably by yesterday, are likely to get badly burned. CANN does not operate on the common pump-and-dump altcoin model. |
Tips: CANN: CRAUn1GyLcqyC2dfi7F1FDjvrzmLzwApAx
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PerpetualMotion
Newbie
Offline
Activity: 4
Merit: 0
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April 20, 2015, 03:28:45 AM
Last edit: April 20, 2015, 03:39:31 AM by PerpetualMotion |
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Alright.. I have been thinking a lot about this recently... What is the main "magnet" for people to buy CANN? 1 CANN for 1 gram of marijuana is not realistic! Even if the dev is growing his canndy.. I doubt he is growing millions of grams! In a dutch coffeeshop a good quality weed already costs you about ~8-9 euro This is not meant as fud, but purely interest! I am a well known figure in a few regions in the netherlands, cannabis related of course I cant see this happening.. I really cant. Why would someone sell his weed for 1 cann? if he can sell it on the streets for at least 5$ a gram It doesnt make any sense to me at all! I also spoke to a few coffeeshop owners if they are willing to accept CANN or BTC as payment. They all answered no. Because they will lose money on it, since its cryptomarkets. And not 1 coin has a stable value. I told them later on in the conversation there are multiple auto exchange platforms available, but that would mean interference from other companys to do the trading. Marijuana related "companys" dont like interference At least not where I come from I do hold a small stake in cann. I have around 30K atm. Please give me good reason to stock up more, besides the "upcoming 420 pump" Thank you, Banzai This comes up from time to time so perhaps it is worth addressing again: The 1 CANN = 1 Gram peg only applies to supplies of CANNdy. CANNdy is donated medical marijuana, either purpose grown by cultivators in the same manner as some farmers set aside a portion of their crops for donation to food banks or it is product donated by the dispensaries themselves. Naturally CannabisCoin (CANN) may be used for other purchases but then the value is whatever the current market exchange rate happens to be, the 1:1 peg value does not apply. There is not and never will be any requirement to supply 92 million grams of CANNdy although it is perfectly feasible to do so. Note that in Arizona alone in 2014 medical marijuana patients purchased some 10 million grams of medication, up from 3 million in 2013. I believe the recent feature on the legal cannabis enterprise cash problem in the U.S. called it a $2.7 billion industry in 2014, that would equate to 270 million grams at $10/gram. Not that every coin is going to be in use, most will likely be in patients' savings or in the hands of traders or market accounts. As CANNdy is distributed and CANN's value grows and stabilizes it will become attractive as a hedge currency among crypto currencies too, again putting pressure on supply. It is possible that at some point in the future it may become necessary to increase the currency supply to keep the exchange value of CANN down low enough to meet the 1:1 peg - only time will tell. It seems that quite a few people coming here miss a couple of key items on the OP - take the time to carefully read and understand these quotes: The Yes We CANN movement is about medical marijuana dispensaries and shop owners that participate in providing safe, affordable, and quality medicine utilizing CannabisCoin as payment. This movement is a way for dispensaries and shop owners to show their appreciation to their patients by donating some medication into the “CANNdy” inventory. and CANNdy is a supply of meds that consists of strains grown specifically for CannabisCoin purchases and/or strains that can be purchased at the rate of 1 Cannabis Coin (CANN) to approx. 1 GRAM of medication. CannabisCoin and the Yes We CANN movement are about charitable giving. DeltaNine is on a mission to help medical marijuana patients. Those who understand how profitable charity can be will likely do well with CannabisCoin. On the other hand those racing in here in the full fever of avarice, expecting ∆9 to make them rich, preferably by yesterday, are likely to get badly burned. CANN does not operate on the common pump-and-dump altcoin model. Lets be realistic here, d9 is the only one and has been the only one willing to offer this peg at such a loss. B4zz4, you consistently draw images far beyond the reality, there are no "farmers" lining up to offer their meds but so far there has been none. Of course this doesn't mean there cant and won't be any however at the current loss you'd need to take I don't see that happening any time soon. The fact of the matter is, asset backed currencies so far haven't worked and are 9 our of 10 times a flawed in more than one way (this protocol is flawed namely in its distribution and centralization). The points of failure in this project all rest solely at this point on D9, but where is he to provide transparency or accountability? If he can't be the one to provide this transparency or accountability who will, no one? Is it you b4zz4 half way around the world from Arizona in Australia providing us our information? You seem to provide more information surrounding this project then the actual person behind it. Not only has project Cannabiscoin so far just been a one man show, there hasn't even really been a show at all... we had a few pictures of some dispensaries garden to hook us, and then d9 refused to provide any pictures or updates after that because now its "federally" risky, I say BS. Truthfully there hasn't been anything really to come out of this coin since 10/21 of last year where a few grams were traded at herbal wellness, it's the only true show for this coin and the scale was blown out of proportion. Where are the garden updates like others have said, what is the outcome of the harvests that were supposedly happening a few months ago (February?). Where are the results of the LED harvest? What is the progress and status of MJPay and the web wallet that was 96% completed back in November. What about project black beauty? Did anything come from D9's trip to Panama, what business was actually occurring there? What conventions were d9 attending in Las Vegas last month and why are we provided no information, are these personal ventures sold to us as "business trips"? The list of failures and lies could go on and I'd be happy to provide reference and links to each. The moment everyone stops relying on D9 for the outcome of this coin then actually we might have something as a viable option. Until then this has been nothing but a centralized project resting on 1 persons shoulders. At this point in time I don't doubt the shit d9 is willing to throw online to get people keep this thing alive, you all rely on him too much. What is our true roadmap here and where is the actual execution being displayed transparently? Why have we not seen 1 line of code development regarding the coin when clearly there are improvements that can be made? When looking at the big picture and not the day to day market traders it makes you really see how much is being "done" around here and how much is being "talked" and "hyped" as "progress" and "innovation". Display to me innovation and progress, I see no numbers, pictures or information that would make me think otherwise. |
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charlieSeen
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April 20, 2015, 03:41:34 AM |
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Alright.. I have been thinking a lot about this recently... What is the main "magnet" for people to buy CANN? 1 CANN for 1 gram of marijuana is not realistic! Even if the dev is growing his canndy.. I doubt he is growing millions of grams! In a dutch coffeeshop a good quality weed already costs you about ~8-9 euro This is not meant as fud, but purely interest! I am a well known figure in a few regions in the netherlands, cannabis related of course I cant see this happening.. I really cant. Why would someone sell his weed for 1 cann? if he can sell it on the streets for at least 5$ a gram It doesnt make any sense to me at all! I also spoke to a few coffeeshop owners if they are willing to accept CANN or BTC as payment. They all answered no. Because they will lose money on it, since its cryptomarkets. And not 1 coin has a stable value. I told them later on in the conversation there are multiple auto exchange platforms available, but that would mean interference from other companys to do the trading. Marijuana related "companys" dont like interference At least not where I come from I do hold a small stake in cann. I have around 30K atm. Please give me good reason to stock up more, besides the "upcoming 420 pump" Thank you, Banzai This comes up from time to time so perhaps it is worth addressing again: The 1 CANN = 1 Gram peg only applies to supplies of CANNdy. CANNdy is donated medical marijuana, either purpose grown by cultivators in the same manner as some farmers set aside a portion of their crops for donation to food banks or it is product donated by the dispensaries themselves. Naturally CannabisCoin (CANN) may be used for other purchases but then the value is whatever the current market exchange rate happens to be, the 1:1 peg value does not apply. There is not and never will be any requirement to supply 92 million grams of CANNdy although it is perfectly feasible to do so. Note that in Arizona alone in 2014 medical marijuana patients purchased some 10 million grams of medication, up from 3 million in 2013. I believe the recent feature on the legal cannabis enterprise cash problem in the U.S. called it a $2.7 billion industry in 2014, that would equate to 270 million grams at $10/gram. Not that every coin is going to be in use, most will likely be in patients' savings or in the hands of traders or market accounts. As CANNdy is distributed and CANN's value grows and stabilizes it will become attractive as a hedge currency among crypto currencies too, again putting pressure on supply. It is possible that at some point in the future it may become necessary to increase the currency supply to keep the exchange value of CANN down low enough to meet the 1:1 peg - only time will tell. It seems that quite a few people coming here miss a couple of key items on the OP - take the time to carefully read and understand these quotes: The Yes We CANN movement is about medical marijuana dispensaries and shop owners that participate in providing safe, affordable, and quality medicine utilizing CannabisCoin as payment. This movement is a way for dispensaries and shop owners to show their appreciation to their patients by donating some medication into the “CANNdy” inventory. and CANNdy is a supply of meds that consists of strains grown specifically for CannabisCoin purchases and/or strains that can be purchased at the rate of 1 Cannabis Coin (CANN) to approx. 1 GRAM of medication. CannabisCoin and the Yes We CANN movement are about charitable giving. DeltaNine is on a mission to help medical marijuana patients. Those who understand how profitable charity can be will likely do well with CannabisCoin. On the other hand those racing in here in the full fever of avarice, expecting ∆9 to make them rich, preferably by yesterday, are likely to get badly burned. CANN does not operate on the common pump-and-dump altcoin model. Lets be realistic here, d9 is the only one and has been the only one willing to offer this peg at such a loss. B4zz4, you consistently draw images far beyond the reality, there are no "farmers" lining up to offer their meds but so far there has been none. Of course this doesn't mean there cant and won't be any however at the current loss you'd need to take I don't see that happening any time soon. The fact of the matter is, asset backed currencies so far haven't worked and are 9 our of 10 times a flawed in more than one way (this protocol is flawed namely in its distribution and centralization). The points of failure in this project all rest solely at this point on D9, but where is he to provide transparency or accountability? If he can't be the one to provide this transparency or accountability who will, no one? Is it you b4zz4 half way around the world from Arizona in Australia providing us our information? You seem to provide more information surrounding this project then the actual person behind it. Not only has project Cannabiscoin so far just been a one man show, there hasn't even really been a show at all... we had a few pictures of some dispensaries garden to hook us, and then d9 refused to provide any pictures or updates after that because now its "federally" risky, I say BS. Truthfully there hasn't been anything really to come out of this coin since 10/21 of last year where a few grams were traded at herbal wellness, it's the only true show for this coin and the scale was blown out of proportion. Where are the garden updates like others have said, what is the outcome of the harvests that were supposedly happening a few months ago (February?). Where are the results of the LED harvest? What is the progress and status of MJPay and the web wallet that was 96% completed back in November. What about project black beauty? Did anything come from D9's trip to Panama, what business was actually occurring there? What conventions were d9 attending in Las Vegas last month and why are we provided no information, are these personal ventures sold to us as "business trips"? The list of failures and lies could go on and I'd be happy to provide reference and links to each. The moment everyone stops relying on D9 for the outcome of this coin then actually we might have something as a viable option. Until then this has been nothing but a centralized project resting on 1 persons shoulders. At this point in time I don't doubt the shit d9 is willing to throw online to get people keep this thing alive, you all rely on him too much. What is our true roadmap here and where is the actual execution being displayed transparently? Why have we not seen 1 line of code development regarding the coin when clearly there are improvements that can be made? When looking at the big picture and not the day to day market traders it makes you really see how much is being "done" around here and how much is being "talked" and "hyped" as "progress" and "innovation". Display to me innovation and progress, I see no numbers, pictures or information that would make me think otherwise. Have you sent the dev a message like this? I actually agree with everything you have said. |
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CryptoJohn
Legendary
Offline
Activity: 1680
Merit: 1003
Well, That's Crypto :-\
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April 20, 2015, 03:43:59 AM |
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hahahahaha, more noob accounts trying to set the record straight.
The only people that you fool with a noob posting shouldn't be trading at all anyway.
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corather
Legendary
Offline
Activity: 1708
Merit: 1000
Solarcoin.org
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April 20, 2015, 03:54:07 AM |
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Alright.. I have been thinking a lot about this recently... What is the main "magnet" for people to buy CANN? 1 CANN for 1 gram of marijuana is not realistic! Even if the dev is growing his canndy.. I doubt he is growing millions of grams! In a dutch coffeeshop a good quality weed already costs you about ~8-9 euro This is not meant as fud, but purely interest! I am a well known figure in a few regions in the netherlands, cannabis related of course I cant see this happening.. I really cant. Why would someone sell his weed for 1 cann? if he can sell it on the streets for at least 5$ a gram It doesnt make any sense to me at all! I also spoke to a few coffeeshop owners if they are willing to accept CANN or BTC as payment. They all answered no. Because they will lose money on it, since its cryptomarkets. And not 1 coin has a stable value. I told them later on in the conversation there are multiple auto exchange platforms available, but that would mean interference from other companys to do the trading. Marijuana related "companys" dont like interference At least not where I come from I do hold a small stake in cann. I have around 30K atm. Please give me good reason to stock up more, besides the "upcoming 420 pump" Thank you, Banzai This comes up from time to time so perhaps it is worth addressing again: The 1 CANN = 1 Gram peg only applies to supplies of CANNdy. CANNdy is donated medical marijuana, either purpose grown by cultivators in the same manner as some farmers set aside a portion of their crops for donation to food banks or it is product donated by the dispensaries themselves. Naturally CannabisCoin (CANN) may be used for other purchases but then the value is whatever the current market exchange rate happens to be, the 1:1 peg value does not apply. There is not and never will be any requirement to supply 92 million grams of CANNdy although it is perfectly feasible to do so. Note that in Arizona alone in 2014 medical marijuana patients purchased some 10 million grams of medication, up from 3 million in 2013. I believe the recent feature on the legal cannabis enterprise cash problem in the U.S. called it a $2.7 billion industry in 2014, that would equate to 270 million grams at $10/gram. Not that every coin is going to be in use, most will likely be in patients' savings or in the hands of traders or market accounts. As CANNdy is distributed and CANN's value grows and stabilizes it will become attractive as a hedge currency among crypto currencies too, again putting pressure on supply. It is possible that at some point in the future it may become necessary to increase the currency supply to keep the exchange value of CANN down low enough to meet the 1:1 peg - only time will tell. It seems that quite a few people coming here miss a couple of key items on the OP - take the time to carefully read and understand these quotes: The Yes We CANN movement is about medical marijuana dispensaries and shop owners that participate in providing safe, affordable, and quality medicine utilizing CannabisCoin as payment. This movement is a way for dispensaries and shop owners to show their appreciation to their patients by donating some medication into the “CANNdy” inventory. and CANNdy is a supply of meds that consists of strains grown specifically for CannabisCoin purchases and/or strains that can be purchased at the rate of 1 Cannabis Coin (CANN) to approx. 1 GRAM of medication. CannabisCoin and the Yes We CANN movement are about charitable giving. DeltaNine is on a mission to help medical marijuana patients. Those who understand how profitable charity can be will likely do well with CannabisCoin. On the other hand those racing in here in the full fever of avarice, expecting ∆9 to make them rich, preferably by yesterday, are likely to get badly burned. CANN does not operate on the common pump-and-dump altcoin model. Lets be realistic here, d9 is the only one and has been the only one willing to offer this peg at such a loss. B4zz4, you consistently draw images far beyond the reality, there are no "farmers" lining up to offer their meds but so far there has been none. Of course this doesn't mean there cant and won't be any however at the current loss you'd need to take I don't see that happening any time soon. The fact of the matter is, asset backed currencies so far haven't worked and are 9 our of 10 times a flawed in more than one way (this protocol is flawed namely in its distribution and centralization). The points of failure in this project all rest solely at this point on D9, but where is he to provide transparency or accountability? If he can't be the one to provide this transparency or accountability who will, no one? Is it you b4zz4 half way around the world from Arizona in Australia providing us our information? You seem to provide more information surrounding this project then the actual person behind it. Not only has project Cannabiscoin so far just been a one man show, there hasn't even really been a show at all... we had a few pictures of some dispensaries garden to hook us, and then d9 refused to provide any pictures or updates after that because now its "federally" risky, I say BS. Truthfully there hasn't been anything really to come out of this coin since 10/21 of last year where a few grams were traded at herbal wellness, it's the only true show for this coin and the scale was blown out of proportion. Where are the garden updates like others have said, what is the outcome of the harvests that were supposedly happening a few months ago (February?). Where are the results of the LED harvest? What is the progress and status of MJPay and the web wallet that was 96% completed back in November. What about project black beauty? Did anything come from D9's trip to Panama, what business was actually occurring there? What conventions were d9 attending in Las Vegas last month and why are we provided no information, are these personal ventures sold to us as "business trips"? The list of failures and lies could go on and I'd be happy to provide reference and links to each. The moment everyone stops relying on D9 for the outcome of this coin then actually we might have something as a viable option. Until then this has been nothing but a centralized project resting on 1 persons shoulders. At this point in time I don't doubt the shit d9 is willing to throw online to get people keep this thing alive, you all rely on him too much. What is our true roadmap here and where is the actual execution being displayed transparently? Why have we not seen 1 line of code development regarding the coin when clearly there are improvements that can be made? When looking at the big picture and not the day to day market traders it makes you really see how much is being "done" around here and how much is being "talked" and "hyped" as "progress" and "innovation". Display to me innovation and progress, I see no numbers, pictures or information that would make me think otherwise. I mean how could you know, your activity isn't even equal to one. Unless you'd like to provide some "transparency" and proof that you've been lurking for the last 8 months you can take a hike. |
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tripppn
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April 20, 2015, 03:57:21 AM |
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hahahahaha, more noob accounts trying to set the record straight.
The only people that you fool with a noob posting shouldn't be trading at all anyway.
CryptoJohn's Activity: 420 Its a sign! Just had to point that out and lighten the mood. |
“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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