Post
Topic
Board Announcements (Altcoins)
Re: [DOPE] DopeCoin - A true decentralized currency
by
corvox
on 15/04/2014, 19:32:55 UTC
My question is.

Why would these shop not create and brand their own premined coins? or even make a coin like most game companies do now to pay for game time?


this way they would have 100% control over the value and minting of their own coin.

Example

I own a pot shop in Colorado. I create a in-house shop coin to be able to brand, IF I want I could do it 2 ways, one create a whole new coin that I control or create a crypt that I pre-mined.

Set up a buying gateway for this in-house coin, and a payment gateway.

Am I wrong to think this would benefit the coop more?

I am reading both sides of the "crypto for legal pot sales" argument, but to me it seems wiser for a coop to just make their own damn coin and market it, with the income they have and the customers, it would only be down to convince their current clients to use their in house coin because it's more secure and private then using cash.

Lets say me and 13 friends planned on moving to colorado to start farming and running a coop, wouldnt it be wiser for us to make a coin, hire dev's and premine it, that way we can control the pricing of the coin?

My whole reason for joining these forums was to learn more about cryptocurriences in hopes of using it to by pass whats going on with the banking systems here.

It seems that the federal government just said they are not sure if they have the power to over turn what states consider legal or not.

This does not mean they will not come into a state and stop any operation they think is to large (kinda funny though, banks are to large to fail)

I am just wondering now, if it's not wise to do an in-house coin. As we are not looking to create a de-centerlize currience, but just a way to turn USD into something we can bank funds from.