I don't really understand what this alliance hopes to achieve. For example if a person from one coin talks to a headshop owner who wants to accept crypto then there is no incentive to get other coins involved. What would be the purpose of 420alliance.info? Rather than splitting effort across multiple coins would it not benefit everyone involved to focus on one? If you are bagholding an ICO coin where the developer left it would make more sense IMO to cut the losses and focus effort on something that everyone can truly work together on. This isn't criticism of the idea, it's just that I don't understand it.
Very good points indeed.
Edit: You posted the answer while I was typing
Perfect. =D
To re-iterate, the mission of the alliance would be the stabilization of the price and overall enhancement of credibility of all of the participating coins. The coins would still exist as separate projects with their own niches, tactics, developers and fans.
- Jyri
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Altcoin.Center
SMoKeMon here
I think deemington has a very important point, its about focusing everyone's energy in one direction. How that is going to happen will take some brainstorming and discussion.
I don't see how trying to stabilize all the coins will help, its simply keeping everything spread thin.
Every coin has its own individual ideas, but in the end they will all be used for the same thing. Buying Cannabis and products related to it.
Why wouldn't you take the best of each coins idea and combine them together. But then the question do you make a new coin or use an existing one and which one would it be.
Adoption is the name of the game and getting as many people using it in the real world will bring stability and an increase in price, if not its just people playing the market to make money.
The main issues PotCoin has faced
1. Getting coins into the hands of regular people easily without having to use an exchange, selling them directly to them. Requires being registered as a money transmitter with fincen and fintrack = lots of money and legal issues. our solution was creating localpot to decentralize it, then we built directly into the wallet to make it easier for everyone.
2. Converting the coins back into cash for merchants instantly or with 24-48hrs. Same issues being considered a money transmitter and having to be registered and bonded which costs lots of money and legal issues. Solution was to make a transparent way of converting PotCoin to Bitcoin then to cash to be deposited into a bank account seamlessly... you would need to use a 3rd party exchange and the merchant would need have and account and be registered which requires them to show id etc so this is another issue.
Before any coin can be used easily these problems need to be solved. I believe we can do it, it's just going to take time and money and effort from a bunch of smart driven people working together.
Making a clear plan so that everyone is on the same page is the first step in any kind of alliance before anyone can agree to join something.
