...snip...
Try to think of CannabisCoin like a Global Currency used mainly for exchanging of Cannabis Worldwide, provided merchants Worldwide hop on board. You can go to Europe and still use your CannabisCoin to exchange for Cannabis at an agreed rate of 1 CannabisCoin per Gram, the same rate you would get in the USA. You don't have to exchange your US$ to Euro to make your purchase.
I like to think that since the Cann Devs have the vision to embrace crypto right from the start for a new and quite possibly the fastest-growth industry, I am sure they have more uses and exciting plans for CannabisCoin ahead.
And for that reason, I'm ALL IN !!!
Hey Ared. Cheers for that post.
I am not an economist, so not sure how correct you are, so maybe only time will tell.
I do hope that CannabisCoin will be adopted worldwide, and I'd love personally to setup grows and/or dispensaries in AUS & NZ when the govts here finally decriminalizes the MJ. Although I suspect NZ will be 5+ years before Australia.
If this all comes to pass, my concern would be the potential lack of supply of CannabisCoin.
So, If CANN were to be pegged to a gram, I think 1:1 would be the way to go.
Interesting Read
http://www.leafscience.com/2014/06/26/10-countries-smoke-marijuana/Edited to add:
While I'm not quite 'all in', CANN is the largest portion of my modest crypto portfolio.