Post
Topic
Board Announcements (Altcoins)
Re: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦
by
PotcoinJoint
on 16/05/2017, 18:55:40 UTC
Hi, I’ve been asked to clarify where that last news could have originated.

About two weeks ago someone came in our business, Satoshi Counter, to talk about potcoin. I was interested in learning more, We looked at the potwallet/dispensary interface together and we created an account to test it out, he had written Bitcoin Embassy as the merchant name which I then changed to btcmbc, (possible source of confusion). I was asked if he could leave a sign in the store saying that we accept potcoin, I was clearly opposed to it for numerous reasons.  

Satoshi Counter has been making Shapeshift available to it's customer for many months. A few weeks prior to this visit we helped two peoples who had been gifted Potcoin at an event to shift their potcoin into fiat.

I'm usually not a big fan of using the term "fake news" but there was a whole lot of wrong and false assumption in this “news”.  As for defining the above as a partnership, I believe, is quite a stretch of the imagination. I also believe both parties in a "partnership" should be made aware of public announcement before-hand to avoid unfortunate confusion.

We go to great lengths to educate customers about the risk posed by the irreversibly of bitcoin transaction and warn them of any investment scheme funded through Bitcoins.
Despite what happened I am grateful to the people who took their time to talk to me about the potcoin. At this time I personally have not studied potcoin enough to have an opinions about it as a store of value.

Please correct / delete the any remaining mention of bitcoin embassy + potcoin where possible.

Thank You.

Ps: This is my personal option and not the Bitcoin Embassy's.

Let's call it what it really is...

This is not the first time that Potcoin has made fake announcements and lied to its community.

Who remembers the mysterious bigwig from silicon valley who was supposed to join the team about 6 months ago? Or the army of photoshopped Potcoin ATM machines that was supposed to roll out?

Both of these "fake news" aka "lies" took Potcoin from a dormant state to where it was just prior to 4/20.

Now, we once again see the same behavior repeated.

How many more lies and displays of lack of integrity will the Potcoin community tolerate? The dev does not even interact with the community...



Potcoin has never released fake news and never intends to. The "mysterious bigwig" you are referring to is well on board its been months. As for the army of photoshopped ATM's, Potcoin had actual Potcoin ATM's at River Rock Dispensaries back in the day, no photoshop there. You are also referring to the old dev team (back in 2014) as we have never worked on any ATM's.

Potcoin's tech and dev team is growing strong and more great news to be released shortly.