CannabisCoin [CANN][X11][Official] Developments & Discussions

[rayaodi]

Any rough guesses on when staking will be implemented?

We're down to discussions on just what form it will take so the rough guess is "soon," possibly "very soon" and "definitely within the next few months".

Naturally a lot of "what if" scenarios are examined before any changes are made and without preempting the core group's decisions in any way I can tell you that a 2% compound interest has been well scrutinized.

A couple of interesting features of that inflation rate are that it would restore the number of burnt coins over 7 years and, if deemed desirable at that future time, can be left in place for 75 years without exceeding CannabisCoin's original intent (back when it was launched as a scrypt coin) of 420,000,000.

Again, that's my observations and the core group may decide otherwise if it is deemed in everyone's interests.

current price is 500-1000 , 420,000,000 i think is too much ,

[1713582203]

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[B4zz4]

Any rough guesses on when staking will be implemented?

We're down to discussions on just what form it will take so the rough guess is "soon," possibly "very soon" and "definitely within the next few months".

Naturally a lot of "what if" scenarios are examined before any changes are made and without preempting the core group's decisions in any way I can tell you that a 2% compound interest has been well scrutinized.

A couple of interesting features of that inflation rate are that it would restore the number of burnt coins over 7 years and, if deemed desirable at that future time, can be left in place for 75 years without exceeding CannabisCoin's original intent (back when it was launched as a scrypt coin) of 420,000,000.

Again, that's my observations and the core group may decide otherwise if it is deemed in everyone's interests.

current price is 500-1000 , 420,000,000 i think is too much ,

Right now, of course we don't need such a supply but in 75 years time? Who knows? The 75 year horizon is simply an interesting mathematical fact, not a plan.

It is far too early to make such decisions. If 2% is chosen it will take another 7 years just to restore the burnt coins.

And if, 7 years from now (and if 2% is the final choice), if the decision is made to terminate inflation that is a decision for that time. I've added some emphasis to the quote to make it absolutely clear.

[rayaodi]

Any rough guesses on when staking will be implemented?

We're down to discussions on just what form it will take so the rough guess is "soon," possibly "very soon" and "definitely within the next few months".

Naturally a lot of "what if" scenarios are examined before any changes are made and without preempting the core group's decisions in any way I can tell you that a 2% compound interest has been well scrutinized.

A couple of interesting features of that inflation rate are that it would restore the number of burnt coins over 7 years and, if deemed desirable at that future time, can be left in place for 75 years without exceeding CannabisCoin's original intent (back when it was launched as a scrypt coin) of 420,000,000.

Again, that's my observations and the core group may decide otherwise if it is deemed in everyone's interests.

current price is 500-1000 , 420,000,000 i think is too much ,

Right now, of course we don't need such a supply but in 75 years time? Who knows? The 75 year horizon is simply an interesting mathematical fact, not a plan.

It is far too early to make such decisions. If 2% is chosen it will take another 7 years just to restore the burnt coins.

And if, 7 years from now (and if 2% is the final choice), if the decision is made to terminate inflation that is a decision for that time. I've added some emphasis to the quote to make it absolutely clear.

any plan to on poloniex.com ?

[natmccoy]

There is virtually no chance of getting CANN listed on Poloniex right now. You'd need $500,000 market cap minimum & some signs of real progress. Even with a $1,000,000 market cap it wouldn't be fast or certain.

CANN is currently at $210,000 valuation, falling price, $180 of volume & no tangible updates from D9. I hold CANN, & I'm optimistic about it, but I'm trying to be realistic about the notion of being added on Poloniex.

[YESWECANN]

There is virtually no chance of getting CANN listed on Poloniex right now. You'd need $500,000 market cap minimum & some signs of real progress. Even with a $1,000,000 market cap it wouldn't be fast or certain.

CANN is currently at $210,000 valuation, falling price, $180 of volume & no tangible updates from D9. I hold CANN, & I'm optimistic about it, but I'm trying to be realistic about the notion of being added on Poloniex.

Being added to Poloniex is a matter of paying the listing fees.  We've already been in contact with exchange staff.

[natmccoy]

I was not aware that such a thing existed for Poloniex. I was under the impression that their requirements had gotten fairly strict & you had to be accepted & contacted by Poloniex. The Unobtanium community has submitted dozens of unique coin request forms & we've heard nothing about listing fees.

[axxo]

I was not aware that such a thing existed for Poloniex. I was under the impression that their requirements had gotten fairly strict & you had to be accepted & contacted by Poloniex. The Unobtanium community has submitted dozens of unique coin request forms & we've heard nothing about listing fees.

According to their FAQ they never request payment to list coins. They only list coins base on several acceptable criteria.

[YESWECANN]

We get a ton of messages requesting all sorts of things from the CANN team.  We get solicited several times a day to be listed, advertised, marketing, translations, etc etc.  We never know what is real or not.

[natmccoy]

Ya, Poloniex doesn't even have litecoin markets. That must be a scammer, be careful out there!

[Jiggy0001]

Why is the cann market being hammered?

[e-coinomist]

Why is the cann market being hammered?

Big Vern presenting to us 0.0000 0420 for 4/20  look for that altcointoday.com article referenced above. However, CANN was not mentioned inside that article.

[sofakingdom]

Why is the cann market being hammered?

Big Vern presenting to us 0.0000 0420 for 4/20  look for that altcointoday.com article referenced above. However, CANN was not mentioned inside that article.

I can vouch that Today is not Vern, it's tough when you have one of top 10 holders on bittrex trying to get out and decrease their holdings.  Especially because volume has been so low for so long, even the slightest chunk sold seems like a "huge hit"

[mrbigmugs]

Looking forward to the vote for recreational cannabis in Arizona. When is that again? October ?

[JanDzban]

Sure, and 11 may next pump because Bob Marley died.

Please dont invest any btc in cann. We will take all the profits, just stay on the sideline and watch.

Im watching

[xcurry]

I heard today is big day for this coin..

[Piston Honda]

I heard today is big day for this coin..

 

lmao yeah right, like every year  - btw as usual you're late the coin already pumped and dumps before 4/20.  it used to dump on 4/19 ha, but now they just dump it sooner.

like i said, cann went to shit with all the other weed coins awhile ago.  unless they can actually integrate into dispensiaries/real world market they are useless turds worth fuck all.

[smokeyjoejoe]

I heard today is big day for this coin..

 

lmao yeah right, like every year  - btw as usual you're late the coin already pumped and dumps before 4/20.  it used to dump on 4/19 ha, but now they just dump it sooner.

like i said, cann went to shit with all the other weed coins awhile ago.  unless they can actually integrate into dispensiaries/real world market they are useless turds worth fuck all.

THIS COIN NO REASON TO BUY , I WATCH AND SEE, BUT ME THINK ALSO THIS GO NOWHERE

[maxraj]

I heard today is big day for this coin..

 

lmao yeah right, like every year  - btw as usual you're late the coin already pumped and dumps before 4/20.  it used to dump on 4/19 ha, but now they just dump it sooner.

like i said, cann went to shit with all the other weed coins awhile ago.  unless they can actually integrate into dispensiaries/real world market they are useless turds worth fuck all.

In spite of all the hype surrounding 4/20, CANN was still the worst performing weed coin in the market.
With no real updates and growth what so ever, don't think this coin is going anywhere.

Initial ideology/purpose of the coin was good, but midway through the journey they have figured out that THEY CANN'T 

[rayaodi]

only 3.6 btc buy wall on bittrex .

if this go on , maybe bittrex will remove cann

team should do something

[natmccoy]

only 3.6 btc buy wall on bittrex .

if this go on , maybe bittrex will remove cann

team should do something

There is very little or no chance of Bittrex removing CANN in the next year. Their monthly volume requirements would easily be met by individuals here with fees costing them only the cost of a decent lunch.