Quote from: tokyopotato on October 21, 2014, 10:09:03 AM

Quote from: Jamesonotc on October 21, 2014, 05:45:35 AM

[CANN]Cannabis Coin Pre-Mine Transparency Discussion

Id like to have an open transparent discussion about the pre-mined coins behind Cannabis Coin (CANN). I believe the information below is in the best interest of all those investing in CANN as a cannabis crypto.

Lets get to the facts.

- CANN was originally launched as a scrypt based mining protocol/algorithm and shortly thereafter transitioned to X11 for fear of ASIC technology that may cause a negative impact to the fairness of mining scrypt.

- CANN decided it would it be a good sacrifice' to drop the blockchain altogether and completely re-launch. This required all miners to update their coins and trade them directly to the dev team for their new X11 coins.

- The reluach of CannabisCoin (CANN) contained a pre-mine block of 21,882,000 CANN located here: http://chainz.cryptoid.info/cann/block.dws?1.htm

- 25+ addresses contain 500k coins EACH directly linked to the pre-mined address and still sit untouched over 130 days, creation date aprox June 12, 2014..

- All 25 wallet address were payed in single payments (500k coins) in short succession, block after block as a pre-pared and planned payment. This does not indicate a number of coins rewarded to miners as the redistribution program was intended for.

Block #s that publicly show this information of the wallets pushed 500k transactions: 9059,9065,9064,9070,9072,9075,9079,9083,9085,9085,9089,9089,9093,9095,9097,9099,9100,9100,9104,9104,9133,9135,9138,9138,9139,9139,9141,9144,248410,261076,261076, 246192

Here is block 9059 to get you started: https://chainz.cryptoid.info/cann/block.dws?9059.htm

you can see these addresses in succession on the top 100 richest CANN addresses here: https://chainz.cryptoid.info/cann/#!rich (make sure to select top 100 addresses)

The 500k wallets start at #22 all the way to #51. These are all linked directly to the pre-mine wallet address: https://chainz.cryptoid.info/cann/address.dws?CL2VEsNv5sEvQhUaVj3x13Ch8PJGgFgCyU.htm

Again, lets keep the discussion open and transparent followed by factual evidence. This thread is in no way directed to be FUD or rumors, this intended for public review by the community as to get some answers. It seems there is no information that I've been able to find regarding this transition and I'm sure there are other's would would like to know as well.

DeltaNineDev, this is an opportunity to explain to your community why there exists 12.5+ million premined coins in 25 wallets even though you said you distributed them all to miners.

Az420 = tokyopotato is here...