Quote from: squatz1 on October 08, 2017, 12:13:20 AM

Quote from: AT101ET on October 07, 2017, 10:11:57 PM

I recall seeing a ICO for a coin that brings the Blockchain and crypto to legal cannabis sellers...
Edit: Here's an interesting article: http://markets.businessinsider.com/news/stocks/Cannabis-and-Cryptocurrency-The-Time-is-now-1002275097

But here's my question to people that think we need a wholenother coin to be able to do what Bitcoin can, and probably has been doing without issue for years. Why do we need a coin to facilitate transcations between cannabis businesses and other people involved in the process? It's not like this coin will ever be able to gain enough traction to be a traded coin, let alone be stable enough for companies to want to accept and use it.
Lets stick to Bitcoin with stuff like this.

The suggestion was not for a new coin, but rather a new blockchain-cryptocurrency solution - not the same thing. For the most part, banks are uncertain about the legality of providing banking services to legitimate and legal businesses cannabis businesses under federal or state laws, and therefore often will not offer these services to the cannabis sector. Even in the Blockchain sphere, many bitcoin exchanges do not want to serve or work with cannabis related businesses, for similar reasons. And that's a giant damper on doing business - even totally legitimate and legal business. For this reason, I think BitCoin itself isn't the solution. Rather, a complete end-to-end solution is needed to answer the special needs of this and similar businesses.