Post
Topic
Board Economics
Re: Banks in Canada slowly warming to cannabis biz - but crypto is the better answer
by
AT101ET
on 08/10/2017, 05:16:07 UTC
I recall seeing a ICO for a coin that brings the Blockchain and crypto to legal cannabis sellers.
I thought  it was an interesting take on the crypto scene but having read this article and having seen many others like it with the increased interest and legalisation of marijuana I can understand that there could be a need for such markets.

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.

Good question. I was actually wondering the same thing myself. Here's the link to the site (of the coin I was talking about). https://paragoncoin.com/en
Apparently it's been endorsed by celebs and the like (although that's probably paid promotion). I'll do a bit more reading up on it because I'm unsure why it's needed myself.