PotCoin stands to be one of the few, if only, alternative coins that has value beyond that of Bitcoin for daily transactions within a specific (and rapidly expanding) community. PotCoin has what most coins need... a tight-nit community of cannabis users and a culture of sharing and anonymity of transactions already deeply embedded in the minds of its members.
PotCoin has recently submitted a letter to the Colorado Medical Marijuana Enforcement Division (M.E.D.) for an official position on the use of virtual currencies for transactions involving the plant and THC infused products and it is expected that they will have neutral, or accepting position, either of which would tell dispensary owners in Colorado not to be concerned about accepting PotCoin for plant. Dispensaries currently accept PotCoin for a variety of products, along with roughly 50 online retailers, but until now we have not seen a anyone willing to risk their coveted license for the relatively new benefit of cashless, and nearly transaction fee free, virtual currencies. Once this step is complete it will pave the way for physical adoption and provide a path for community acceptance.
I know it sounds crazy, but so is the world of legalized marijuana that remains restricted from Federal benefits and methods of payment with "reasonable" margins other than cash. You can pile your money into other coins for a quick in and out, but if you want a long run shot at a fortune this is your coin.
-NIL
