Re: [ANN] CannabisCoin [CANN][X11][Official][420] Developments & Discussions.
Of course 1CANN/gram is the optimal choice, however I don't know how achievable and sustainable that will be. I personally think 10CANN/gram is the better choice and more sustainable in the long run.
Even if the economics are sound, you've gotta fight the idiots and the traders to keep the price there, and that's a hell of a lot harder @ 1 CANN than it is 10 CANN.
Even if the economics are sound, you've gotta fight the idiots and the traders to keep the price there, and that's a hell of a lot harder @ 1 CANN than it is 10 CANN.
tagging doesnt determine the price in the market - only the seller with the product will keep their price tagged, CANN price will always be determined by the CANN/ BTC and BTC / USD price, decided by buyers and sellers on exchanges.
so i dont think its a big issue, tagged price will only be available to people buying physical product from certain sellers, if that is a big market, it will start to affect the CANN / BTC price but apart from that its just another smart way to get CANN out there into the market and another first for the team.
EDIT:
What 'tagging' does do is provide awesome promotion for CANN, because while the price isn't 10$ per CANN buyers can buy CANN to get serious discounts on real cannabis products so its an incentive to start using the coin and creates demand.
Second, the goal of tagging is obviously to make CANN usable in the real world. Taggins is just pre-set prices through agreement, something better I think long term would be an exchange where one one side you had grams of cannabis and on the other CANN where buyers and sellers set their own prices. this is a way to that also
