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Offline eagleeye

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Offline Ander

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #1 on: October 20, 2014, 06:53:16 AM »
And if you guys dont start supporting the BTSX price soon, they are gonna pass us in market cap. :P
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Offline johncitizen

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Offline speedy

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #3 on: October 20, 2014, 03:56:02 PM »
Wow they managed to get all this publicity from claiming that they can back an inflationary proof of work coin with 1 gram of cannabis. What a joke.

Makes me think that we should create BitCannabis on BTSX - pegged to 1 gram of cannabis. That  would actually make sense.

Offline xeroc

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #4 on: October 20, 2014, 04:00:38 PM »
Wow they managed to get all this publicity from claiming that they can back an inflationary proof of work coin with 1 gram of cannabis. What a joke.

Makes me think that we should create BitCannabis on BTSX - pegged to 1 gram of cannabis. That  would actually make sense.
Or a pegged asset for bitCannabiscoin so we can short it :)
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Offline luckybit

Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #5 on: October 20, 2014, 04:38:48 PM »
http://cointelegraph.com/news/112748/cannabiscoin-officially-redeemable-for-1-gram-starting-october-20-interview-with-founder

The possibilities...

This may have already been brought up.

Maybe it would be cool to have a cannabis asset on Bitshares we could trade pegged to the value of 1 gram? That would be brilliant really.
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Offline oldman

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #6 on: October 20, 2014, 04:45:35 PM »
I would strongly advise all delegates not to support any assets related to controlled or illegal substances - and I will remove my vote from those that do.

The absolute last thing Bitshares needs is a big news story on bitMja/bitCcn/bitCrk etc.

Offline Method-X

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #7 on: October 20, 2014, 04:49:24 PM »
http://cointelegraph.com/news/112748/cannabiscoin-officially-redeemable-for-1-gram-starting-october-20-interview-with-founder

The possibilities...

This may have already been brought up.

Maybe it would be cool to have a cannabis asset on Bitshares we could trade pegged to the value of 1 gram? That would be brilliant really.

Where would price feeds come from? The value of 1 gram in the U.S. will be different than in Jamaca and every other country. Cool idea though. Similar to BitMac, tracking the value of a McDonalds BigMac.

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #8 on: October 20, 2014, 04:50:39 PM »
this is as stupid as having a car-coin pegged to the exact worth of one car.

Offline xeroc

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #9 on: October 20, 2014, 04:54:04 PM »
Prices for a BitMac also differ ... and in the end MacDonalds gives the price and can manipulate the market .. there is nor real "price finding" ..

however, .. we could peg square meters (or inches) .. of the moon :) .. just in case our rockets make a stop there ..
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Offline luckybit

Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #10 on: October 20, 2014, 04:54:08 PM »
Wow they managed to get all this publicity from claiming that they can back an inflationary proof of work coin with 1 gram of cannabis. What a joke.

Makes me think that we should create BitCannabis on BTSX - pegged to 1 gram of cannabis. That  would actually make sense.

We absolutely should create BitCannabis. Get Bytemaster to pay to do it.
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Offline luckybit

Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #11 on: October 20, 2014, 04:55:06 PM »
http://cointelegraph.com/news/112748/cannabiscoin-officially-redeemable-for-1-gram-starting-october-20-interview-with-founder

The possibilities...

This may have already been brought up.


Maybe it would be cool to have a cannabis asset on Bitshares we could trade pegged to the value of 1 gram? That would be brilliant really.

Where would price feeds come from? The value of 1 gram in the U.S. will be different than in Jamaca and every other country. Cool idea though. Similar to BitMac, tracking the value of a McDonalds BigMac.
That is the point. What is the real value of 1 gram of cannabis? We don't know because we haven't had a way to find out.
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Offline Method-X

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #12 on: October 20, 2014, 05:03:13 PM »
http://cointelegraph.com/news/112748/cannabiscoin-officially-redeemable-for-1-gram-starting-october-20-interview-with-founder

The possibilities...

This may have already been brought up.


Maybe it would be cool to have a cannabis asset on Bitshares we could trade pegged to the value of 1 gram? That would be brilliant really.

Where would price feeds come from? The value of 1 gram in the U.S. will be different than in Jamaca and every other country. Cool idea though. Similar to BitMac, tracking the value of a McDonalds BigMac.
That is the point. What is the real value of 1 gram of cannabis? We don't know because we haven't had a way to find out.

So no price feeds, just let it float naturally and the market will discover its true value. It would be absolutely fascinating to try that on a forked version of BTSX, with all major drugs issued as assets. (Note: not saying I endorse this or think it should be incorporated into BTSX. It would make for a fascinating experiment!)
« Last Edit: October 20, 2014, 05:05:45 PM by MeTHoDx »

Offline matador123

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Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #13 on: October 20, 2014, 05:08:23 PM »


The possibilities...

This may have already been brought up.


Maybe it would be cool to have a cannabis asset on Bitshares we could trade pegged to the value of 1 gram? That would be brilliant really.

Where would price feeds come from? The value of 1 gram in the U.S. will be different than in Jamaca and every other country. Cool idea though. Similar to BitMac, tracking the value of a McDonalds BigMac.
That is the point. What is the real value of 1 gram of cannabis? We don't know because we haven't had a way to find out.

So no price feeds, just let it float naturally and the market will discover its true value. It would be absolutely fascinating to try that on a forked version of BTSX, with all major drugs issued as assets. (Note: not saying I endorse this or think it should be incorporated into BTSX. It would make for a fascinating experiment!)

I agree that this would be an absolutely fascinating experiment. That being said, I feel that I agree more fully with OldMan that, at least in this early stage, that could lead to some bad publicity and harm the image of Bitshares, potentially deterring some possible investors.

Offline fuzzy

Re: Cannabiscoin pegging 1 gram to 1 coin
« Reply #14 on: October 20, 2014, 05:11:41 PM »
Not to pee on anyone's parade...but this carries with it the same potential legal issues as "bitCocaine" which has already been discussed (largely as a joke) and thwarted before it even got close to Mick Jagger's nose.
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