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Author Topic: [CANN]Cannabis Coin Pre-Mine *BE WARNED*  (Read 20732 times)
Jamesonotc
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October 21, 2014, 05:45:35 AM
Last edit: July 26, 2015, 10:04:41 PM by Jamesonotc
 #1

[CANN]Cannabis Coin Pre-Mine Transparency Discussion
 
 
I’d like to have an open transparent discussion about the pre-mined coins behind Cannabis Coin (CANN). I believe the information below is in the best interest of all those investing in CANN as a cannabis crypto.
 
Lets get to the facts.
 
- CANN was originally launched as a scrypt based mining protocol/algorithm and shortly thereafter transitioned to X11 for fear of ASIC technology that may cause a negative impact to the fairness of mining scrypt.
 
- CANN decided ‘it would it be a good sacrifice' to drop the blockchain altogether and completely re-launch. This required all miners to update their coins and trade them directly to the dev team for their new X11 coins.
 
- The reluach of CannabisCoin (CANN) contained a pre-mine block of 21,882,000 CANN located here: http://chainz.cryptoid.info/cann/block.dws?1.htm
 
- 25+ addresses contain 500k coins EACH directly linked to the pre-mined address and still sit untouched over 130 days, creation date aprox June 12, 2014..
 
- All 25 wallet address were payed in single payments (500k coins) in short succession, block after block as a pre-pared and planned payment. This does not indicate a number of coins rewarded to miners as the redistribution program was intended for.
 
Block #’s that publicly show this information of the wallets pushed 500k transactions: 9059,9065,9064,9070,9072,9075,9079,9083,9085,9085,9089,9089,9093,9095,9097,9099,9100,9100,9104,9104,9133,9135,9138,9138,9139,9139,9141,9144,248410,261076,261076, 246192
 
Here is block 9059 to get you started: https://chainz.cryptoid.info/cann/block.dws?9059.htm
 
you can see these addresses in succession on the top 100 richest CANN addresses here: https://chainz.cryptoid.info/cann/#!rich (make sure to select top 100 addresses)
 
The 500k wallets start at #22 all the way to #51. These are all linked directly to the pre-mine wallet address: https://chainz.cryptoid.info/cann/address.dws?CL2VEsNv5sEvQhUaVj3x13Ch8PJGgFgCyU.htm

Again, lets keep the discussion open and transparent followed by factual evidence. This thread is in no way directed to be FUD or rumors, this intended for public review by the community as to get some answers.  It seems there is no information that I've been able to find regarding this transition and I'm sure there are other's would would like to know as well.



-

-




Dev has more coins than the original 14million claimed! Add another 6.6+ Million!

Here is the block chain analysis of the pre-mined data of this coin. If anyone can provide scrypt blockchain and ill will then furthur give you 100% confirmation of all transactions made on the blockchain.

As you can see, there are 1,465,379 CANN coins directly linked to bittrex from the Dev teams pre-mine not paid out to miners.
Secondly you will see 5,202,379 Not yet redeemed just as you saw linked to the 29 burn addresses .



You can see there was activity on the following 5 million moved from pre-mine can CANN wallet 28 minutes after the burn that occurred between 1AM - 2:16AM PST on OCT 22nd. This looks as is someone is hiding something...  Roll Eyes


-
CANN developer admits he owns another 5 million pre-mined coins with "no plans to burn".

-



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October 21, 2014, 05:49:12 AM
 #2

Thanks for posting the image there. I'll be following this thread for sure. Thanks!
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October 21, 2014, 06:17:44 AM
 #3



I was interested in this post so I grabbed the first of the 500,00 addresses and drilled down into the transaction for that deposit and found that it hadnt been picked up by that address:

Outputs
Index   Redeemed in   Address   Amount
0   Not yet redeemed   CGcmQ2tYoNsw8gBSCXFpiNFp6R3dfN9Zdo   500,000.0 CANN
1   c145e1450aae...   CWxQ99o5nBFKtNXKWLjjDmcNfodzJ2WU1K   19,621,583.352279 CANN

The others are the same. Which means the coins are sitting on the block chain and not in the wallet. Did they destroy these coins?
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October 21, 2014, 06:20:09 AM
 #4

Interested to see how this  is answered. or if a price crash will be the answer.

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October 21, 2014, 06:21:10 AM
 #5



I was interested in this post so I grabbed the first of the 500,00 addresses and drilled down into the transaction for that deposit and found that it hadnt been picked up by that address:

Outputs
Index   Redeemed in   Address   Amount
0   Not yet redeemed   CGcmQ2tYoNsw8gBSCXFpiNFp6R3dfN9Zdo   500,000.0 CANN
1   c145e1450aae...   CWxQ99o5nBFKtNXKWLjjDmcNfodzJ2WU1K   19,621,583.352279 CANN

The others are the same. Which means the coins are sitting on the block chain and not in the wallet. Did they destroy these coins?

Good question.  With a new wallet, these addresses could be invalidated if they are not legitimate.
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October 21, 2014, 06:36:55 AM
 #6



ITS OK EVERYBODY CANNIBIS COIN DEV SAID THE 25+ wallets WITH 500K ARENT HIS OR HIS TEAM. NO WORRIES RIGHT

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October 21, 2014, 06:39:20 AM
 #7



ITS OK EVERYBODY CANNIBIS COIN DEV SAID THE 25+ wallets WITH 500K ARENT HIS OR HIS TEAM. NO WORRIES RIGHT
Ah, no big deal then. Everyone can go back to not thinking of the 12,500,000 CANNs floating about the ether.
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October 21, 2014, 06:43:23 AM
 #8

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October 21, 2014, 06:44:06 AM
 #9

Hi,
If you new investor in CANN and haven't seen yet, you can take back your BTC and go see elsewhere if CANN is :

1 - you didn't read about premine info
2 -
<DeltaNineDev> That wallet is has been gone
<cryptohippo> gone?
<cryptohippo> what's gone
<Jamesonwa>  Transparency within the community is very important.
<DeltaNineDev> Destroyed



I was interested in this post so I grabbed the first of the 500,00 addresses and drilled down into the transaction for that deposit and found that it hadnt been picked up by that address:

Outputs
Index   Redeemed in   Address   Amount
0   Not yet redeemed   CGcmQ2tYoNsw8gBSCXFpiNFp6R3dfN9Zdo   500,000.0 CANN
1   c145e1450aae...   CWxQ99o5nBFKtNXKWLjjDmcNfodzJ2WU1K   19,621,583.352279 CANN

The others are the same. Which means the coins are sitting on the block chain and not in the wallet. Did they destroy these coins?

As you can see if you try to follow the money, she isn't exist anymore ... do you research!

3 this big holder are the best thing who could happend to CANN, because they don't really move before or during the event (I saw ~600k going to bittrex). Does it mean they are here for the long run and this holding back do less coin on the market?

BTW, thx for fud, you give me more coins!

yeah keep buying the cheap coins.. all the 12million of them when they get dumped

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October 21, 2014, 06:44:39 AM
 #10

This is not about you or your pennies. This is a cause created for patients and all of them are more than happy with this coin. MISSION ACCOMPLISHED



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October 21, 2014, 06:49:00 AM
 #11

so the TLDR is there is a 12.5 million premine that can be dumped any time that was supposed to go to the CANN script miners that never claimed them?
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October 21, 2014, 06:50:17 AM
 #12

This is not about you or your pennies. This is a cause created for patients and all of them are more than happy with this coin. MISSION ACCOMPLISHED
Without all those pennies this coin is going nowhere and helping no one. It's unfortunate, but that's the way the world works.
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October 21, 2014, 06:54:22 AM
 #13

This is not about you or your pennies. This is a cause created for patients and all of them are more than happy with this coin. MISSION ACCOMPLISHED
Without all those pennies this coin is going nowhere and helping no one. It's unfortunate, but that's the way the world works.

then GTFO and invest on the coin that makes you tickle. Stop with negativity already!


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October 21, 2014, 06:58:15 AM
 #14

This is not about you or your pennies. This is a cause created for patients and all of them are more than happy with this coin. MISSION ACCOMPLISHED
Without all those pennies this coin is going nowhere and helping no one. It's unfortunate, but that's the way the world works.
Stupid bastard Smiley

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October 21, 2014, 07:10:26 AM
 #15

False Flag.

http://media.giphy.com/media/XUFPGrX5Zis6Y/giphy.gif
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October 21, 2014, 07:14:12 AM
 #16

EVERYTHING ABOUT THE PREMINE STAND IN THE FIRST POST IN THE OFFICIAL THREAD!

I SEE HERE ONLY FACTS.
WHAT IS THE DISCUSSION HERE ABOUT?

AH I KNOW, A BAD FUD ATTEMPT.



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October 21, 2014, 07:15:22 AM
 #17

Interested to see how this  is answered. or if a price crash will be the answer.

and why? everything stand in the first post from the dev. lol  Roll Eyes


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solid12345
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October 21, 2014, 07:21:06 AM
 #18

I know one thing, the behavior from some of the other marijuana coins is pathetic

First we got Garrity running around with his sock accounts on twitter and the trollboxes calling CANN a scam, now we have tokyopotato pretending to be a friend to CANN first while getting all passive aggressive dropping comments about how the peg wouldn't work, then making a stink about CANN wallet having the letter c in front of its addresses (lol) and then no doubt hiding under the newbie account az420 to fud. Now he's taken his mask off and shown his true colors.

CCN lost any credibility when they added that dead scam coin Sativa to Cannapay, wouldn't be surprised if Roscoin and Cannabis Dark pop up there next.
PhattyBanks
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October 21, 2014, 07:24:54 AM
 #19

shouldn't this be crash to 1 sat news?
ifightformerkel
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October 21, 2014, 07:25:57 AM
 #20

shouldn't this be crash to 1 sat news?

and why?

when this premine stand in the first op post?

moron


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