[CANN]Cannabis Coin Pre-Mine *BE WARNED*

[nade70]

shouldn't this be crash to 1 sat news?

and why?

when this premine stand in the first op post?

moron

I went looking for this premine information in the first op but cant find it. Is it in the new thread or the old one?

[tokyopotato]

[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.

0.o

[PhattyBanks]

shouldn't this be crash to 1 sat news?

and why?

when this premine stand in the first op post?

moron

I went looking for this premine information in the first op but cant find it. Is it in the new thread or the old one?

maybe this https://bitcointalk.org/index.php?topic=661885.msg8202281#msg8202281

[Bitcycle]

0.o

FUDing another coin, eh dev?

Not a smart move on your part. Not a smart move at all.

[Spoetnik]

ROFL'z ..ugghh where to start ? we REALLY need a shaking head emoticon !

A gimmick coin comes out like countless others that offers what new ? made by whom ?
Based on illegal drugs ?

You guys think making a coin using the Scrypt algo so it can be raped with a Terahash ASIC miners is fair switching to X11 later ?
Helping the community by switching ? or sealing up the exploit so no one else can take advantage ? ahhaha

Then a transfer / conversion is announced and clearly was not completed or documented properly or OP would not have that info to begin with !

I would be worried ..very worried !

This all reeks like scammy amateur hour LOL

PS:
The don't be negative guy and his other comments are utterly hilarious. LOL
Hey guys don't be a whiner if you lose bitcoin to scammers just be quiet and don't complain and go make more Bitcoin (they can rip off) negative nancy's

edit:
you guys learn something here ?
See the moral of the story yet ? ..nobody ever looks at the source code !
and they put out so many coins and so many updates that keeping up is impossible (checking code)
it's a method of burying the community so they can not fight back.

[nade70]

shouldn't this be crash to 1 sat news?

and why?

when this premine stand in the first op post?

moron

I went looking for this premine information in the first op but cant find it. Is it in the new thread or the old one?

maybe this https://bitcointalk.org/index.php?topic=661885.msg8202281#msg8202281

Thanks I had a read and it sounds fine except that there is still the matter of all the coins still sitting in the wallets that have never been redeemed.

Inputs
Index   Previous output   Address   Amount
0   aeac06f61f79...:1   CVBBGS8ezNeQqrjfQdezmkAKeGToMiDFfT   20,121,583.352279 CANN
Outputs
Index   Redeemed in   Address   Amount
0   Not yet redeemed   CGcmQ2tYoNsw8gBSCXFpiNFp6R3dfN9Zdo   500,000.0 CANN
1   c145e1450aae...   CWxQ99o5nBFKtNXKWLjjDmcNfodzJ2WU1K   19,621,583.352279 CANN

[infazan]

panic sell is coming

[nade70]

panic sell is coming

already happening by the look of it.

its now less than when i bought in

[PhattyBanks]

Why do you think they've pumped this shitcoin in the first place ? Ofc they would just dump the "post-mine"

the thing is none of that 12.5 mill was touched

[tokyopotato]

Why do you think they've pumped this shitcoin in the first place ? Ofc they would just dump the "post-mine"

the thing is none of that 12.5 mill was touched

The thing is, there are private key(s) to those public addresses.

[ifightformerkel]

lol dont listen to all this fuder

there was no hidden premine, all the premine from the devs stand from day 1 in the first post in the official thread.

[Jamesonotc]

lol dont listen to all this fuder

there was no hidden premine, all the premine from the devs stand from day 1 in the first post in the official thread.

In crypto it's technically what the blockchain says..

[burnbabyburn71]

lol dont listen to all this fuder

there was no hidden premine, all the premine from the devs stand from day 1 in the first post in the official thread.

Please provide a little evidence to back up your statement or most people won't believe you.

[ifightformerkel]

lol dont listen to all this fuder

there was no hidden premine, all the premine from the devs stand from day 1 in the first post in the official thread.

Please provide a little evidence to back up your statement or most people won't believe you.

https://bitcointalk.org/index.php?topic=661885.0

and under

"CANNABISCOIN TECHNICAL SPECIFICATIONS"

stand

"Premine Info"

[burnbabyburn71]

lol dont listen to all this fuder

there was no hidden premine, all the premine from the devs stand from day 1 in the first post in the official thread.

Please provide a little evidence to back up your statement or most people won't believe you.

https://bitcointalk.org/index.php?topic=661885.0

and under

"CANNABISCOIN TECHNICAL SPECIFICATIONS"

stand

"Premine Info"

Could you make the font a little bigger, I can't quite read it?

easy to count: (100 000 bloks x 420) + (20 502 x 210) = 42 000 000 + 4 305 420 = 46 305 420 

you are right...so why does the block explorer show 68 million CANN?  http://chainz.cryptoid.info/cann/

hmmmmm... what is happening? Dev please, can u explain this? I hope is a mistake

Edit: normally would be 46 312 140 right?

No problem guys and thanks, CannabisCoin released on 4/20/14 as SCRYPT Alg.  It was mined about 21.8mil  up until we decided to drop SCRYPT and go X11 Alg with KGW.  We did a hard fork and premined 1st block on X11 to do the buyback program of mined coins from old to new X11 algo,  This was all paid to the miners manually as agreed.  Noone wanted to lose their coins.

Scrypt version STOPPED @ 52080
Total coins = 21873600 mined

approx. 21882000 - was paid out.

~DeltaNine

Where does it mention a 12.5mil premine?

According to this, all the premine was paid out, so no, that doesn't explain the 12.5mil coins and is therefore irrelevant and not evidence.

[ifightformerkel]

BUT THIS IS INTELLIGENT FROM YOU Jamesonotc

STARTING THE FUD (WHITH NO REASON; BECAUSE THERE WAS NO HIDDEN PREMINE)

WHEN THE DEVS ARE SLEEPING NOW IN THE USA  

[pagona]

ROFL'z ..ugghh where to start ? we REALLY need a shaking head emoticon !

A gimmick coin comes out like countless others that offers what new ? made by whom ?
Based on illegal drugs ?

You guys think making a coin using the Scrypt algo so it can be raped with a Terahash ASIC miners is fair switching to X11 later ?
Helping the community by switching ? or sealing up the exploit so no one else can take advantage ? ahhaha

Then a transfer / conversion is announced and clearly was not completed or documented properly or OP would not have that info to begin with !

I would be worried ..very worried !

This all reeks like scammy amateur hour LOL

PS:
The don't be negative guy and his other comments are utterly hilarious. LOL
Hey guys don't be a whiner if you lose bitcoin to scammers just be quiet and don't complain and go make more Bitcoin (they can rip off) negative nancy's

edit:
you guys learn something here ?
See the moral of the story yet ? ..nobody ever looks at the source code !
and they put out so many coins and so many updates that keeping up is impossible (checking code)
it's a method of burying the community so they can not fight back.

dude, i think you nailed it

[passion4cannabis]

The earlier pics I posted just easier to look at.

https://i.imgur.com/8D4hVeP.jpg

Link to the Imgur album of the pics: http://imgur.com/a/2HaK9

Happy to help prove this movement is real!

420KushKlock will be going back to Herbal Wellness Center tomorrow and will post that receipt/joint when he CANN.
Thought it was cool he is also an Iraq War Veteran.
Already proving this a coin for the community and its patients.

"It's phenomenal. It's truly a way for patients that can't always afford meds." ~ Instagram: 420KushKlock

YesWeCANN!

Paul
Instagram: Passion4Cannabis

FUD/othercoin DEV teams

I will buy your other weedcoin right now if I can send them to some followers like I was able to for this Iraq War Veteran where they can exchange those for medicine.

Because this is what CannabisCoin and I assume your coins are all about anyway, the patients, the community right?

I would expect the time and energy spent by my coins dev team is on making the same milestones CANN already has (warehouses, live run.) They all have potential to be adopted somewhere in someway.

[burnbabyburn71]

BUT THIS IS INTELLIGENT FROM YOU Jamesonotc

STARTING THE FUD (WHITH NO REASON; BECAUSE THERE WAS NO HIDDEN PREMINE)

WHEN THE DEVS ARE SLEEPING NOW IN THE USA  

But there is evidence to suggest that there is a premine, and the devs have made a statement saying they no nothing of this 12.5million coins, which is a little difficult to believe really. There is nothing wrong with FUD, the only reason why people hate it is they usually associate it with losing money. True supporters of this coin (you know the people who aren't just trying to make money through trying to sell things for more than its worth) wouldn't care very much about this FUD, and be more focused on making this coin the widespread payment currency for weed.

[SeaSoul]

FUD ATTACK