Quote from: FredDag on October 08, 2014, 10:28:02 PM

Quote from: Penn.3D on October 08, 2014, 01:06:01 PM

I was thinking about the peg this morning and suddenly it came to me......I think I know how cann will go to parity!

The dev has said numerous times that customers will be able to buy cannabiscoins in their shop, right?

Ok, well think about it......

A customer comes in to buy marijuana, and Deltanine tells him, "you know you can either pay $15/gram for that marijuana, or you can buy cannabiscoins for 10 cents each (or whatever their market price is at the time) and then you can exchange those for cannabis at a ratio of 1 cann = 1 gram"

The guy says, "you mean to tell me that I can either give you $60 for 4 grams or I can give you 40 cents for four grams using cannabiscoins?"

At this point, the customer realizes that it's a no brainer and decides to purchase cannabiscoins. So then Deltanine asks him "how many cannabiscoins do you want.....right now they are going for 10 cents" and the customer says, "I'll take $200 worth"

BAM a $200 buy is put on Bittrex which raises the price and removes 2000 coins from the market.

Now repeat this several dozen times per day at several different Herbal Wellness Center locations and what do you think will happen?

Well, first the price will keep going up and up because now you have outside money coming in to the market from buyers willing to buy coins at any price as long as they are below $15/coin, and second most of the people who buy coins in the shop will never trade them and in fact many will probably lose them eventually meaning each customer that buys cann in store will essentially be removing thousands of coins from the market with each transaction.

If this is the plan (and I think it's safe to assume that it probably is), then this coin is going to parity people!

Up until now I have worried about all the dumpers on Bittrex, but when you start bringing thousands of outside dollars into the market from customers that will be willing to buy coins even at $5 each, then it won't really matter how much people dump because starting on Oct 20 the price will just keep going up and up.....

DAMN this is exciting as hell people!!!

I agree in principle... The challenge is in successfully introducing CannabisCoin to new users in a way that is easy for them to pick up & start using.
Preferably without taking up all the time of the sales staff.

One option could CANN paper wallets pre-loaded with 3 or 4 CANN each (whatever the daily limit is), laminated to seal each one, and sold in bundles of 10 (for example).
In this way buyers could simply pay using a new paper wallet each day without worrying about dealing with chang / unspent coins.

Alternatively, a dedicated 'CannabisCoin Rep' showing customers how the Androd Wallet works, and selling CannabisCoin instore could be an option.

You nailed it. I have said all along, all it takes is for the dispensaries to sell pre-loaded, laminated wallets OTC, for whatever price they deem appropriate. They would not be losing money on the sales that way and CANN comes off the exchanges and into John Q Public's hands. JQ Public can then buy off the exchanges...and reload their wallets as they sit fit once they get the idea and concept. Dispensaries make $$ selling the coins to them, then make more on the sale of $CANNDY...brilliant concept.

Simple quite actually. #YESohFuckYesWeCANN!