Post
Topic
Board Altcoin Discussion
Re: Best crypto coin for the marijuana business sector
by
Seedify
on 19/10/2017, 04:43:34 UTC
Forgive my noobness, but I'm a bit confused by the landscape in the cryptocurrency/marijuana space. I get the whole crypto/blockchain business case, but where it applied to the marijuana business sector, not so much. There seems to be a large number of coins, but the talk I hear is that Bitcoin is good enough for this business. Is there an altcoin that works for the business more that others?

I think what you were asking is what coin best suits the cannabis/marijuana industry-
There are quite a few cannabis-specific coins, as cryptoking710 mentioned - a few more are Hempcoin, CannaCoin, Tokes, CannabisCoin. There are more still. For the most part these are just "hey - I'm a marijuana token in a cool space looking for people to use me" - without much in terms of infrastructure. For example they have no bitshares-type functionality, no crowd funding, etc. All things that cannabis businesses need desperately. So, yes, there are a few coins that service the industry, but they don't provide much more than just a basic coin vehicle. So not really any advantage over just using Bitcoin...
Hope this helps.