Quote from: Sardine on July 10, 2014, 10:31:39 PM

I am sure almost everyone is sick of reading about legal issues.
But I still have one more important thing to say.

If marijuana is ever 100% legal, then there will be very little need for potcoin.
The main reason for marijuana vendors to use bitcoins or potcoins or another digital currency is because vendors have difficulty opening and maintaining a credit/debit card merchant account and because of issues handling large sums of cash. I am sure someone can post stories about a few banks which openly process payments for marijuana, but that's the exception and not the rule. If you have no experience maintaining a high-risk merchant account, then please don't even comment. Keeping an account open is not easy. There are plenty of legal industries which are considered high risk and thus are shunned by visa/mastercard and various banks. Any bank which accepts high risk merchants is probably a bank which has issues/problems. Banks which are very successful don't want/need to work with legally risky merchants. The bad banks are often desperate (or poorly managed or have other serious problems) and therefore choose to work with risky merchants or otherwise they may go bankrupt. I know because I sell high risk items on-line and only the worst payment processors and worst banks will accept me.

As long as the marijuana industry continues to have legal issues which make it difficult for marijuana vendors to process payments, there will be opportunities for alternative payment systems such as potcoin. If you want potcoin to become popular and valuable, then don't hope/pray for 100% legal marijuana. 100% legal marijuana = no need for potcoin

I don't think that's necessarily true.

That's like saying without Silk Road, BTC is useless. Potcoin will always have a place in the medical/recreational marijuana economy as long as people make sure it has a place. Legal or not, Potcoin will have it's uses.

For instance... I can't buy MMJ with Potcoin yet, but I can sure as hell buy vapes and such. Vapes aren't illegal, and yet I would use my coin to buy them. I could use my credit card or cash when I order from places, but I'd rather use crypto. I'm sure there are a lot of other people out there like me that think the same way. As such, it's safe to assume that there are people out there that would rather pay for medical/recreational marijuana, and related goods, with Potcoin. It's not just about banking, mate. It's about a community coin that works for the community's wants and needs.

-Fuse