Quote from: Pastafarian on January 04, 2015, 02:59:32 AM

Quote from: najzenmajsen on January 04, 2015, 02:15:24 AM

Quote from: yourstruly on January 03, 2015, 10:40:17 PM

Quote from: Pastafarian on January 01, 2015, 07:59:43 PM

Great looking exchange! Cheesy

Please add Sativacoin (STV)...we are working hard to become the most trusted and valuable crypto for mj!

Thanks,

Arnel
Pastafarian

Why can't you use any cryptocurrency for marijuana, like Bitcoin? Unfortunately unless you can provide a satisfactory answer to that question we will not be adding STV.

Thank you for checking out the exchange.

you reekt him Shocked

Nope just seeing yourstruly's response now. As far as cryptocurrency's are concerned, mj coins imo have the most potential. This article http://www.huffingtonpost.com/2014/09/22/legal-marijuana-taxes_n_5863860.html states that with legalization, tax revenue alone in the U.S. (where I am located) may top $3 billion annually. With the tide rolling in that direction, Sativacoin, as well as other altcoins will have plenty of room to increase their respective marketcaps. As far as utility of STV, I have already been in talks with many merchants and services that are looking into accepting STV and will continue to do so

The market cap of the cannabis on its own does nothing to prove the practicality of using a cryptocurrency branded for a specific commodity.

Can you please explain the advantage of having a cryptocurrency for niche merchant adoption over simply using a cryptocurrency like Bitcoin with wider adoption?

Do you also think it would be wise to have cryptocurrencies for other commodities such as a corn coin and a soy coin?

Honestly can you say it would not be more useful for people accepting payment for cannabis to take a currency they could buy goods and services beyond cannabis?

At face value it seems to me to be another project in a long line of projects trying to hamfistly mash concepts together with cryptocurrency in order to justify the release of a new unnecessary blockchain.