Quote from: vesperwillow on February 23, 2015, 03:29:37 PM

Quote from: nil8tor on February 21, 2015, 02:12:16 AM

We will be establishing a better communication path to the PotCoin community very soon. I can't say much about the PotCoin 3.0 plans yet since we are finalizing plans before the end of this month, but I can tell you that there will be a some big news coming up in the next couple of weeks that the community will be pleased with.

One of the many goals is to ensure the community has the opportunity to have a larger role in the coin and that they feel supported in their endeavors. We also aim to make online merchant adoption far easier, along with universal applications for consumer to merchant transactions. Some changes will be swift over the next two months. Others, such as software development and third party integration, are time and budget bound and in some cases dependent on future tech, so please be patient and know that this is far from a dead coin. Honestly, for a 1 year start-up tech company I would be generally happy with the results, but the cryptocurrency industry can be brutal at times. Keep in mind that PotCoin is unique in that we serve a specific community and culture where our strategies put less of a priority on software development in comparison to community adoption.

Wasn't that the same mantra of PotCoin 2.0 ??

Fair enough, my friend. I left PotCoin Systems officially on October 1st, 2014 along with Alec Rochford, my cousin and now CEO of Duby. There was a disagreement on strategies for managing PotCoin Systems and budgetary concerns as capital rapidly dried up with the fall of Bitcoin late last year. Alec and I made the decision to turn the majority of our investments into a new mobile application based on a concept of viral social networking that we had been designing over the past year in our "spare time". However, we continued to support the PotCoin community, invest in the coin, manage social media, and manage all the servers since then. So, to more accurately answer your question... yes, it was my mantra and still is, but now we will be able to execute it properly as a community and not a company. PotCoin 2.0 had such intentions in mind from the get go, but we had to focus on our branding, apps, legalities, and overall growing up from the Pothead down the street and into a real company capable of obtaining large capital investment. Sometimes it simply takes time for a message to sink in before a coordinated action can be negotiated successfully.

Quote from: nil8tor on February 21, 2015, 02:12:16 AM

I expect the Colorado M.E.D. to be content, or at least officially take no position with the use of virtual currencies for the exchange of marijuana in Colorado (as expected). Our attorneys and I have worked on this for some time now and feel that it will set a historical precedent in the industry by removing concerns for dispensary owners, growers and manufacturers of infused products in Colorado. We are fortunate that Colorado, unlike Washington and Oregon, allows for public submission of requests for a statement of position on their rulings. This will serve a unique advantage in my local territory and will shape history by setting a precedent for other legalized states moving forward.

That's positive news.

Indeed. I expect a response within the next two weeks. This will be a historic moment for cannabis crypto as the first official acknowledgement from a government entity relating to virtual currencies and legalized marijuana sales.

There is a lot happening right now in PotCoin. Heck there is a lot happening in all three of my marijuana businesses... it's almost 4.20! It's like Christmas to retailers... everything is nuts 3 months before the rush.

READ THIS FOR MORE: http://www.reddit.com/r/potcoin/comments/2ww0qe/status_update_potcoin_30/

- NIL

nil8tor

Posts

Merits