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

[allyouracid]

This thread is 3 days old and allready filled with millions of posts. can't understand anything from it.

Can someone PLEASE explain to me how the hell does the 1 : 1 ratio works in the real world??
assuming the price drops (like it just did) why would anyone still sell you 1 GRAMfor 1 CANN??

appreciate your answers.
 

That's the risk you have to take as business owner.
Also, the ratio dropped from 1 CANN = 1 gram of weed to 1 CANN = 1 pre rolled joint, limited to 100 a day (not per person, of course )

At least that's what I read on the last pages, here.
If I got anything wrong, please correct me - don't want to spread false information.

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[naplam]

This thread is 3 days old and allready filled with millions of posts. can't understand anything from it.

Can someone PLEASE explain to me how the hell does the 1 : 1 ratio works in the real world??
assuming the price drops (like it just did) why would anyone still sell you 1 GRAMfor 1 CANN??

appreciate your answers.
 

Simple: nobody will. If the price has gone below it's because nobody believes they'd be able to get 1 gram per cann

[lolilo]

This thread is 3 days old and allready filled with millions of posts. can't understand anything from it.

Can someone PLEASE explain to me how the hell does the 1 : 1 ratio works in the real world??
assuming the price drops (like it just did) why would anyone still sell you 1 GRAMfor 1 CANN??

appreciate your answers.
 

That's the risk you have to take as business owner.
Also, the ratio dropped from 1 CANN = 1 gram of weed to 1 CANN = 1 pre rolled joint, limited to 100 a day (not per person, of course )

At least that's what I read on the last pages, here.
If I got anything wrong, please correct me - don't want to spread false information.

That's quite a risk :-/

[Blas]

whats the future of this coin now..after the so famous 20 OCT?

[natmccoy]

This thread is 3 days old and allready filled with millions of posts. can't understand anything from it.

Can someone PLEASE explain to me how the hell does the 1 : 1 ratio works in the real world??
assuming the price drops (like it just did) why would anyone still sell you 1 GRAMfor 1 CANN??

appreciate your answers.
 

That's the risk you have to take as business owner.
Also, the ratio dropped from 1 CANN = 1 gram of weed to 1 CANN = 1 pre rolled joint, limited to 100 a day (not per person, of course )

At least that's what I read on the last pages, here.
If I got anything wrong, please correct me - don't want to spread false information.

The pre-rolls being sold for 1 CANN were 1.5 g $15 joints, and that was only the deal for the soft launch day. HWC is working out what to sell at market rate and what to sell with a peg, D9 is growing and talking to dispensaries about where else the peg can be applied.

[naplam]

This thread is 3 days old and allready filled with millions of posts. can't understand anything from it.

Can someone PLEASE explain to me how the hell does the 1 : 1 ratio works in the real world??
assuming the price drops (like it just did) why would anyone still sell you 1 GRAMfor 1 CANN??

appreciate your answers.
 

That's the risk you have to take as business owner.
Also, the ratio dropped from 1 CANN = 1 gram of weed to 1 CANN = 1 pre rolled joint, limited to 100 a day (not per person, of course )

At least that's what I read on the last pages, here.
If I got anything wrong, please correct me - don't want to spread false information.

That's quite a risk :-/

That's zero risk because he's not the federal reserve or some bank. He can choose not to accept your cann and sell to you for whatever reason. Besides, very few people will go there to get mj for cann

[NobodyYouKnow]

It's fine as more weed grows and more dispensaries accept CANN it will become more valuable. Right now you get 1.5 Grams for 1 CANN at HWC, but you're limited to that 1 pre-roll a day. They were planning 3 grams not rolled per day per person of course, but they decided it wouldn't be possible yet. No reason to bankrupt the dispensary on day 1, patience as this movement and community grows for your profits to also grow as well. This isn't a get rich quick scheme it's a real business that you can become like a shareholder in by buying CANN to support it's growth and cash out for profits down the road. It could go up in 2 days, 2 weeks or 2 months, but it will go up and sooner or later it will be worth 5-20 USD per coin to keep up with the parity. Especially now since 14+ million coins were burnt and the CANN coins just became 13.8% more rare!  

[allyouracid]

This thread is 3 days old and allready filled with millions of posts. can't understand anything from it.

Can someone PLEASE explain to me how the hell does the 1 : 1 ratio works in the real world??
assuming the price drops (like it just did) why would anyone still sell you 1 GRAMfor 1 CANN??

appreciate your answers.
 

That's the risk you have to take as business owner.
Also, the ratio dropped from 1 CANN = 1 gram of weed to 1 CANN = 1 pre rolled joint, limited to 100 a day (not per person, of course )

At least that's what I read on the last pages, here.
If I got anything wrong, please correct me - don't want to spread false information.

The pre-rolls being sold for 1 CANN were 1.5 g $15 joints, and that was only the deal for the soft launch day. HWC is working out what to sell at market rate and what to sell with a peg, D9 is growing and talking to dispensaries about where else the peg can be applied.

Thanks for clarifying. I stand corrected; the ratio hasn't dropped, it has just changed/risen for the soft launch.

[unusualfacts30]

http://www.cryptoarticles.com/crypto-news/unallocated-cannabiscoins-to-be-destroyed-via-proof-of-burn-which-will-be-recorded-on-a-gopro

"Let’s get the controversy out of the way first, shall we? A digital currency enthusiast discovered 14.628 million CANN which are unaccounted for, and wanted an explanation from the developers. As you’d come to expect, everyone and their dog had an opinion about where these coins came from and what this all meant.

Luckily for us, DeltaNine took the time to explain where this amount comes from and what it means exactly. He also explained who the amount seems to be distributed evenly over 25 addresses, which was another reason of concern among crypto enthusiasts.

A lot of people seem to forget CannabisCoin used to be mineable via the Scrypt algorithm when it originally launched. However, as some issues arose, the developers thought better of it and switched over to the X11 algorithm instead.

As a result of this, an entire new blockchain had to be created, on which they pre-mined a block containing all of the coins in existence on the Scrypt chain. These coins would then be distributed to their rightful owners once the switch to X11 was completed.

However, it seems a lot of people never actually claimed their coins , and as a result, we now have 14.628 million coins that are sitting in 25 different wallets. These funds haven’t been touched in over four months either.

In order to solve the issue, DeltaNine announced these 14.628 million CANN will be destroyed through Proof-of-Burn (sending the coins to an invalid address). The whole “burning” of the coins will be recorded on a GoPro camera, and there are talks about livestreaming it as well."

[unusualfacts30]

whats the future of this coin now..after the so famous 20 OCT?

The future is 1 cann = gram. Nothing changed after 20th. Everything is still the same. Only thing changed is price but that  doesn't really matter. CANN is created for patients and price will increase as time goes on and as future events are scheduled in different states/countries (possibly).   

[naplam]

Creating a new chain and a premine was completely unnecessary. Changing mining algos has been done before succesfully. In addition:

this

[allihies]

price is going up but someone is trying to stop it

[VLR]

more P&D is coming, be careful .

[minerjoen]

whats the future of this coin now..after the so famous 20 OCT?

The future is 1 cann = gram. Nothing changed after 20th. Everything is still the same. Only thing changed is price but that  doesn't really matter. CANN is created for patients and price will increase as time goes on and as future events are scheduled in different states/countries (possibly).  

Yeah indeed. On the 20th ( 2 days ago ) the shops start to accept the coin. So what happens now is that only more and more people will know about it and buy CANN to get there cannabis in the stores.
For what i know they are also busy with the media now and getting more stores / shops what will accept this coin.

It's just a matter of time before every country over the world where its legal to buy cannabis to accept CANN coin.

If u look at the exchanges u can see the price is already climming up again.

[unusualfacts30]

Fudders are getting desperate and unable to find any logical proof.  




"However, it seems a lot of people never actually claimed their coins , and as a result, we now have 14.628 million coins that are sitting in 25 different wallets. These funds haven’t been touched in over four months either.

In order to solve the issue, DeltaNine announced these 14.628 million CANN will be destroyed through Proof-of-Burn (sending the coins to an invalid address). The whole “burning” of the coins will be recorded on a GoPro camera, and there are talks about livestreaming it as well."

[Bitcycle]

Cute li'l FUD drawing.

Sorry, your FUD is pointless now, the problem has been resolved.

CANN is stronger than ever.

 

[naplam]

I doubt a pump will work with so many bagholders at this point.

[Bitcycle]

Those with investment profiles in CANN who bought in at 5k+ satoshi need to regain some momentum to reach a proper exit strategy. Be prepared for a pump, then major sell off with investors exiting is something to be expected in a scenario as this.

LOL.  You're expert on market movements now?

 

[VLR]

I doubt a pump will work with so many bagholders at this point.

there are many different kinds of bag holders. 2 days ago it was Strato, today it will be someone else...
everyone who holds a ton of CANN want his money back. so they will keep playing...F**rs...

[minerjoen]

And CANN is back on track, +17% in last 60 minutes.