Cannabiscoin pegging 1 gram to 1 coin

[fuzzy]

Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

Wow. Very well said. Bitcoin was cool because it pushed boundaries and captured a lot of attention because of it. Bitshares should be pushing boundaries too, and capturing even more attention. Controversy is the best kind of marketing money can't buy. Case in point: Miley Cyrus.

Yeah, I get that. I see that there would be some publicity value. But Miley Cyrus' brand was already worth $1 Billion when she started acting dumb; she established herself first. If we act dumb, we're going to win the hearts of some stoners and sacrifice the possibility of much greater things.

Miley Cyrus isn't the best example but it's late and I'm not thinking straight. Controversy is extremely effective marketing. Old people will shun us, young people will embrace us. You know, the more I think about it, it was mainstream controversy that caused all of Bitcoins major bubbles. Major media outlets were calling it drug money and every other slur you can think of yet the price kept skyrocketing because for the first time, Bitcoin was on the publics radar. It wasn't until this year that the mainstream seems to have accepted Bitcoin and is even attempting to embrace it... yet the price bleeds out. Hmmmm. We need controversy, whether it comes from BitCannabis or something else.

MeTHodX has a very good point.

[arhag]

If you call it "BitShit", then I'm in. 

What's that? A BitAsset tracking the price of fertilizer? 

[donkeypong]

If you call it "BitShit", then I'm in. 

[luckybit]

Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

Wow. Very well said. Bitcoin was cool because it pushed boundaries and captured a lot of attention because of it. Bitshares should be pushing boundaries too, and capturing even more attention. Controversy is the best kind of marketing money can't buy. Case in point: Miley Cyrus.

Yeah, I get that. I see that there would be some publicity value. But Miley Cyrus' brand was already worth $1 Billion when she started acting dumb; she established herself first. If we act dumb, we're going to win the hearts of some stoners and sacrifice the possibility of much greater things.

Miley Cyrus isn't the best example but it's late and I'm not thinking straight. Controversy is extremely effective marketing. Old people will shun us, young people will embrace us. You know, the more I think about it, it was mainstream controversy that caused all of Bitcoins major bubbles. Major media outlets were calling it drug money and every other slur you can think of yet the price kept skyrocketing because for the first time, Bitcoin was on the publics radar. It wasn't until this year that the mainstream seems to have accepted Bitcoin and is even attempting to embrace it... yet the price bleeds out. Hmmmm. We need controversy, whether it comes from BitCannabis or something else.

Let's start with - 'Those guys are building a system that makes possible for everybody to sell his vote!'. This should be controversial enough for the media...

Do milennials care about that? Marketing is about appealing to a demographic.
You can't just talk about BitUSD without having some features to catch people's attention to Bitshares X.

BitUSD isn't interesting to people because Bitcoin already exists to compete for that attention. BitCannabis is something only Bitshares X could do and attention which would go exclusively to Bitshares X.

What do millennials want to trade?

[tonyk]

Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

Wow. Very well said. Bitcoin was cool because it pushed boundaries and captured a lot of attention because of it. Bitshares should be pushing boundaries too, and capturing even more attention. Controversy is the best kind of marketing money can't buy. Case in point: Miley Cyrus.

Yeah, I get that. I see that there would be some publicity value. But Miley Cyrus' brand was already worth $1 Billion when she started acting dumb; she established herself first. If we act dumb, we're going to win the hearts of some stoners and sacrifice the possibility of much greater things.

Miley Cyrus isn't the best example but it's late and I'm not thinking straight. Controversy is extremely effective marketing. Old people will shun us, young people will embrace us. You know, the more I think about it, it was mainstream controversy that caused all of Bitcoins major bubbles. Major media outlets were calling it drug money and every other slur you can think of yet the price kept skyrocketing because for the first time, Bitcoin was on the publics radar. It wasn't until this year that the mainstream seems to have accepted Bitcoin and is even attempting to embrace it... yet the price bleeds out. Hmmmm. We need controversy, whether it comes from BitCannabis or something else.

Let's start with - 'Those guys are building a system that makes possible for everybody to sell his vote!'. This should be controversial enough for the media...

[Method-X]

Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

Wow. Very well said. Bitcoin was cool because it pushed boundaries and captured a lot of attention because of it. Bitshares should be pushing boundaries too, and capturing even more attention. Controversy is the best kind of marketing money can't buy. Case in point: Miley Cyrus.

Yeah, I get that. I see that there would be some publicity value. But Miley Cyrus' brand was already worth $1 Billion when she started acting dumb; she established herself first. If we act dumb, we're going to win the hearts of some stoners and sacrifice the possibility of much greater things.

Miley Cyrus isn't the best example but it's late and I'm not thinking straight. Controversy is extremely effective marketing. Old people will shun us, young people will embrace us. You know, the more I think about it, it was mainstream controversy that caused all of Bitcoins major bubbles. Major media outlets were calling it drug money and every other slur you can think of yet the price kept skyrocketing because for the first time, Bitcoin was on the publics radar. It wasn't until this year that the mainstream seems to have accepted Bitcoin and is even attempting to embrace it... yet the price bleeds out. Hmmmm. We need controversy, whether it comes from BitCannabis or something else.

[donkeypong]

Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

Wow. Very well said. Bitcoin was cool because it pushed boundaries and captured a lot of attention because of it. Bitshares should be pushing boundaries too, and capturing even more attention. Controversy is the best kind of marketing money can't buy. Case in point: Miley Cyrus.

Yeah, I get that. I see that there would be some publicity value. But Miley Cyrus' brand was already worth $1 Billion when she started acting dumb; she established herself first. If we act dumb, we're going to win the hearts of some stoners and sacrifice the possibility of much greater things.

[Method-X]

Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

Wow. Very well said. Bitcoin was cool because it pushed boundaries and captured a lot of attention because of it. Bitshares should be pushing boundaries too, and capturing even more attention. Controversy is the best kind of marketing money can't buy. Case in point: Miley Cyrus.

[donkeypong]

Guess what? The people who will say that already are saying bad stuff about Bitshares X or they don't pay attention to it at all. The people who would want to ban BitUSD also want to ban Bitcoin and every cryptocurrency.

And THAT'S the battle we're choosing to fight. Why introduce a second front for our 'war' when we could get this established first, having the right conversation with people about banks and exchanges and how BitShares changes everything? You're forcing Brian and all the rest of us to have to engage on stupid questions from clueless people who'll focus more on BitCannabis than on the attributes of BitShares that are 1000x better. Look, I'm a supporter of legalized MJ. And I think a BitCannabis would be really cool. But not here and now, when we're trying to frame this narrative for an audience that's much larger than CannabisCoin stoners. We need to make the right impression. 

[onceuponatime]

Lets just forget about this.  We have more than enough markets to sell bitassets, there's no point going into a market that carries extra risk.

Why are you afraid of risk? If you're afraid of pissing a powerful person off why would you even download Bitshares X?

Choose your battles (and your timing) wisely.

Because you're an American who happens to be in a state which criminalized marijuana? So if you're not an American? If you're not from one of those states? I guess you'll be going straight to Counterparty which appeals to a global userbase without fear.

I think as a global blockchain you have to take these risks or the competitor will eat your lunch. If Bitshares X can do commodities better than any other technology and it ignores one of the biggest markets because someone in US congress may not like it then that is a sign of problems.

A benefit of being decentralized and global is that you can take these risks. If you're behind on cannabis then you're risking losing the critical millennial demographic in favor of a demographic which will never care about Bitshares or use it. I think this caution on cannabis appeals to the wrong audiences for the wrong reasons and fails to follow what the polls say.

The polls say this is what the millennials want: http://www.people-press.org/2013/04/04/marijuana-changing-attitudes/pp_13-04-03_ss_marijuana_05_age/

65% of millennials support marijuana legalization. Follow the statistics not your fear.

                        Home Grown

It seemed a smell to Banjo -- he
was sly and begged -- sitting up on tiny hind legs.

Button the cat hears the gentle tinkle,
gazing all around. It was close once -- now
only another experiment that failed.

To the doormouse, the nearest (and
furthest) was the green cheese -- and remained
so until proved differently. The snap of
the trap ended all speculation.

We watched the monkey swing through
the sparkling trees one morn, the dew and sun
creating a myriad of crystal cosmoses;
his nimble fingers failed to loose the eternal
zookeeper's lock.

Such as these my eyes perceive care
not -- cannot, solve the riddle; their place
is fixed, their fates are cast.

Mine perchance only slightly better.

                          Spiral of Friends

[luckybit]

BitCannabis is far more useful than CannabisCoin because BitShares technology allows us to short BitCannabis. And with the trend towards legalization, shorting makes the most financial sense since it should get cheaper once the black market risk is priced out and corporations can take advantage of economies of scale.

And just to be clear: Delegates please do not publish price feeds on any BitCannabis, or BitDrugs in general, should anyone ever register it. We do not need that kind of negative publicity right now.

But you have to admit that Bitshares X wont get fair if it doesn't accept negative publicity. It's just going to happen sooner or later and the sooner you consilidate with your own demographic base the better off you'll be when it does happen. The only people who can politically protect the Bitshares technology from political attack are the political base of millenials who actually support legalization.

By not supporting your base you cannot be shocked that Counterparty now has the millennials. Now you cannot be surprised to see Overstock, Reddit, and probably many other big businesses run by millennials choosing Counterparty. Negative publicity for one demographic is positive for another but you haven't figured this part out yet. If Bitshares X is going to catch on with millennials it has to be cool and right now it's not as cool as Counterparty.

I made my views known, and so did others. If Counterparty continues to collect all the political and economic base then blame the thinking on display in your post and some others.

[arhag]

BitCannabis is far more useful than CannabisCoin because BitShares technology allows us to short BitCannabis. And with the trend towards legalization, shorting makes the most financial sense since it should get cheaper once the black market risk is priced out and corporations can take advantage of economies of scale.

And just to be clear: Delegates please do not publish price feeds on any BitCannabis, or BitDrugs in general, should anyone ever register it. We do not need that kind of negative publicity right now.

[luckybit]

I'm not endorsing SilkRoad or BitDrugs.

But that's the take-away for many people. That's what they're going to say; that's the part that makes the news. Why endanger BitShares and its users this way? When you don't have to? Let this ecosystem establish itself and then draw a moving target on it. Don't do it now when we need to market this.

Guess what? The people who will say that already are saying bad stuff about Bitshares X or they don't pay attention to it at all. The people who would want to ban BitUSD also want to ban Bitcoin and every cryptocurrency.

Guess what? If you can't win over your own core demographic of millennials then all is already lost. If you think you can win by trying to appeal to 65 year olds who don't like pot then good luck. I'm just presenting the poll data and saying we should follow that rather than gut instincts about how the curmudgeons might react to new technology.

BitCannabis by the way would be nothing like SilkRoad. SilkRoad was way more than just cannabis and even then it didn't get Bitcoin banned. I'm not advocating any laws be broken (SilkRoad broke laws), but just having BitCannabis doesn't break laws. It might upset some people who already don't like Bitcoin but so what?  You think they'll ever like Bitshares?

I think it will be best if we create bitCannabiscoin on BTSX that will be paged to Cannabiscoin this way we will make a derivative market on the Cannabiscoin pegging 1 gram to 1 coin promise and will let people speculate on it's future  value , this way we will offer a valuable service for Cannabiscoin community (opening shorts) and in the same time will increase our users base and BTSX value as a  hole.

That is exactly what I was suggesting. It's up to people who think like you to point out that some of the other posters are being irrational.

[forestalnet]

I have an idea... we could peg the Winklevoos ETF ... the name?  BitWink !!

[srcgpsmp]

I think it will be best if we create bitCannabiscoin on BTSX that will be paged to Cannabiscoin this way we will make a derivative market on the Cannabiscoin pegging 1 gram to 1 coin promise and will let people speculate on it's future  value , this way we will offer a valuable service for Cannabiscoin community (opening shorts) and in the same time will increase our users base and BTSX value as a  hole. 

[Method-X]

I'm not endorsing SilkRoad or BitDrugs.

But that's the take-away for many people. That's what they're going to say; that's the part that makes the news. Why endanger BitShares and its users this way? When you don't have to? Let this ecosystem establish itself and then draw a moving target on it. Don't do it now when we need to market this.

I'm not taking one side or the other but if we got massive negative press from this it would result in our market cap instantly going to second place. I can almost guarantee that. I don't think any crypto that genuinely disrupts the current paradigm can ever expect to avoid controversy.

Bri would be off the hook...but the delgates on the other hand...

BitUSD will probably be banned in America if/when it goes viral; I wonder how the delegates will react to that? Will they be legally liable for merely facilitating transactions? Can a BitAsset ever be banned in the first place? Can a BitAsset drug ever be banned? I mean, we're talking about crypto derivatives and not the real thing so how will the law react? When you really think about it, it's interesting isn't it?

[fuzzy]

I'm not endorsing SilkRoad or BitDrugs.

But that's the take-away for many people. That's what they're going to say; that's the part that makes the news. Why endanger BitShares and its users this way? When you don't have to? Let this ecosystem establish itself and then draw a moving target on it. Don't do it now when we need to market this.

I'm not taking one side or the other but if we got massive negative press from this it would result in our market cap instantly going to second place. I can almost guarantee that. I don't think any crypto that genuinely disrupts the current paradigm can ever expect to avoid controversy.

Bri would be off the hook...but the delgates on the other hand...

[fuzzy]

I'm not endorsing SilkRoad or BitDrugs.

But that's the take-away for many people. That's what they're going to say; that's the part that makes the news. Why endanger BitShares and its users this way? When you don't have to? Let this ecosystem establish itself and then draw a moving target on it. Don't do it now when we need to market this.

bitHemp will not be THAT dangerous...

[Method-X]

I'm not endorsing SilkRoad or BitDrugs.

But that's the take-away for many people. That's what they're going to say; that's the part that makes the news. Why endanger BitShares and its users this way? When you don't have to? Let this ecosystem establish itself and then draw a moving target on it. Don't do it now when we need to market this.

I'm not taking one side or the other but if we got massive negative press from this it would result in our market cap instantly going to second place. I can almost guarantee that. I don't think any crypto that genuinely disrupts the current paradigm can ever expect to avoid controversy.

[donkeypong]

I'm not endorsing SilkRoad or BitDrugs.

But that's the take-away for many people. That's what they're going to say; that's the part that makes the news. Why endanger BitShares and its users this way? When you don't have to? Let this ecosystem establish itself and then draw a moving target on it. Don't do it now when we need to market this.

[fuzzy]

Then why are we having this discussion? Lets just do it?

[luckybit]

Can someone explain why this community would want to voluntarily associate with controlled/illegal substances?

It would be a terrible idea to introduce BitDrugs to Bitshares but I'm discussing this because I think it would be a fascinating experiment on a separate blockchain. Can you imagine a BTSX clone that's basically a forex market for trading BitAsset drugs? BitCannabis, BitCocain, BitLSD. It would be a totally legal prediction market for discovering the true value of a forbidden substance. Just like BitUSD isn't real USD, BitCannabis isn't real cannabis (just a digital token representing it's real world value). I think it's fun to have these discussions, purely out of scientific curiosity.

AMERICA SUPPORTS LEGALIZATION: http://www.huffingtonpost.com/2014/09/03/marijuana-legalization-support_n_5760462.html

The key difference is that BitCannabis has political support as shown by polls. "Drugs" in general do not have political support as shown by polls. If you do market research you'll find that millenials (our core demographic) want marijuana legalization which means there is a market for BitCannabis which will passionately defend it in the voting booth. There isn't a market to defend "BitDrugs".

So I'm only saying we should have a BitCannabis and forget about the other drugs until the polls shift and show that millennials support legalization of those drugs. If you're not going to listen to your demographic base by following polls then you're acting irrationally. Even politicians in government make decisions based around polls so even they are more rational about this than some here.

Ultimately this irrationality is going to be punished by the market because the market favors the bold. When over 60% of millennials are in favor of something and they are our core demographic then to disobey them is to go against your core demographic. That makes it irrational from a marketing and strategic development standpoint.

I'm not endorsing SilkRoad or BitDrugs. I'm only endorsing BitCannabis because the people who matter the most to the success of all future DACs support legalization. If I don't listen to them then I'm not being a good representative of their interests. I do understand the arguments that maybe it shouldn't be done right before the election and that the timing could be bad but I think a quiet launch of BitCannabis could attract all the right kind of people to Bitshares X because they are the kind of people who will use Bitshares X for the long term.

I only ask that a rational case be presented for why we should ignore the will of our core demographic. The politicians you're afraid of aren't ignoring the will of their core demographic and the fact that marijuana is legal in some places is proof that even their core demographic is changing their opinions.

I know you're only endorsing the issuance of BitCannabis on the Bitshares Exchange platform. If this were put to a vote I would absolutely vote in favor because I'm into Bitshares for philosophic reasons more than getting rich quick. I'm just saying I think it would be ridiculously cool to have a forex market for day trading BitAsset drugs. Purely as an intellectual thought experiment.

I agree it would be cool to have a Forex which can trade stuff like that and we here all see the big picture. But before we do something in my opinion you should first check the political pulse of your nation (Bitshares nation is populated by millennials). If you check that pulse and it's telling you to endorse CannabisCoin then that should tell you to endorse it because that is how politicians make decisions. I only mention this because a lot of people reading this are probably delegates and they need to know not to make decisions based on fear of powerful 65 year olds who are not their political supporters. The delegates have to make rational decisions based on what their voting base supports and we all know that our base of shareholders would love to have a BitCannabis.

I do think perhaps you could get into some issues with some older people so why not just call it BitHemp at first and see how that goes? Can we at least have BitHemp on Bitshares X?

[Method-X]

Can someone explain why this community would want to voluntarily associate with controlled/illegal substances?

It would be a terrible idea to introduce BitDrugs to Bitshares but I'm discussing this because I think it would be a fascinating experiment on a separate blockchain. Can you imagine a BTSX clone that's basically a forex market for trading BitAsset drugs? BitCannabis, BitCocain, BitLSD. It would be a totally legal prediction market for discovering the true value of a forbidden substance. Just like BitUSD isn't real USD, BitCannabis isn't real cannabis (just a digital token representing it's real world value). I think it's fun to have these discussions, purely out of scientific curiosity.

AMERICA SUPPORTS LEGALIZATION: http://www.huffingtonpost.com/2014/09/03/marijuana-legalization-support_n_5760462.html

The key difference is that BitCannabis has political support as shown by polls. "Drugs" in general do not have political support as shown by polls. If you do market research you'll find that millenials (our core demographic) want marijuana legalization which means there is a market for BitCannabis which will passionately defend it in the voting booth. There isn't a market to defend "BitDrugs".

So I'm only saying we should have a BitCannabis and forget about the other drugs until the polls shift and show that millennials support legalization of those drugs. If you're not going to listen to your demographic base by following polls then you're acting irrationally. Even politicians in government make decisions based around polls so even they are more rational about this than some here.

Ultimately this irrationality is going to be punished by the market because the market favors the bold. When over 60% of millennials are in favor of something and they are our core demographic then to disobey them is to go against your core demographic. That makes it irrational from a marketing and strategic development standpoint.

I'm not endorsing SilkRoad or BitDrugs. I'm only endorsing BitCannabis because the people who matter the most to the success of all future DACs support legalization. If I don't listen to them then I'm not being a good representative of their interests. I do understand the arguments that maybe it shouldn't be done right before the election and that the timing could be bad but I think a quiet launch of BitCannabis could attract all the right kind of people to Bitshares X because they are the kind of people who will use Bitshares X for the long term.

I only ask that a rational case be presented for why we should ignore the will of our core demographic. The politicians you're afraid of aren't ignoring the will of their core demographic and the fact that marijuana is legal in some places is proof that even their core demographic is changing their opinions.

I know you're only endorsing the issuance of BitCannabis on the Bitshares Exchange platform. If this were put to a vote I would absolutely vote in favor because I'm into Bitshares for philosophic reasons more than getting rich quick. I'm just saying I think it would be ridiculously cool to have a forex market for day trading BitAsset drugs. Purely as an intellectual thought experiment.

[luckybit]

Can someone explain why this community would want to voluntarily associate with controlled/illegal substances?

It would be a terrible idea to introduce BitDrugs to Bitshares but I'm discussing this because I think it would be a fascinating experiment on a separate blockchain. Can you imagine a BTSX clone that's basically a forex market for trading BitAsset drugs? BitCannabis, BitCocain, BitLSD. It would be a totally legal prediction market for discovering the true value of a forbidden substance. Just like BitUSD isn't real USD, BitCannabis isn't real cannabis (just a digital token representing it's real world value). I think it's fun to have these discussions, purely out of scientific curiosity.

AMERICA SUPPORTS LEGALIZATION:

The survey, released last week from online polling data company CivicScience, asked more than 450,000 U.S. adults over the last two years this question: "Would you support or oppose a law in your state that would legalize, tax, and regulate marijuana like alcohol?"

Fifty-eight percent of respondents said they support marijuana legalization -- with 39 percent saying they "strongly support" and 19 percent saying they "somewhat support" reformed marijuana laws in their states. Thirty-five percent oppose legalization of marijuana -- with 29 percent "strongly" opposing and 6 percent "somewhat" opposing laws that would regulate marijuana like alcohol. Seven percent of respondents had no opinion on the issue.

http://www.huffingtonpost.com/2014/09/03/marijuana-legalization-support_n_5760462.html

The key difference is that BitCannabis has political support as shown by polls. "Drugs" in general do not have political support as shown by polls. If you do market research you'll find that millenials (our core demographic) want marijuana legalization which means there is a market for BitCannabis which will passionately defend it in the voting booth. There isn't a market to defend "BitDrugs".

So I'm only saying we should have a BitCannabis and forget about the other drugs until the polls shift and show that millennials support legalization of those drugs. If you're not going to listen to your demographic base by following polls then you're acting irrationally. Even politicians in government make decisions based around polls so even they are more rational about this than some here.

ONLY AMERICANS OVER AGE 65 OPPOSE LEGALIZATION:

Men were found to be slightly more in favor of legalization than women were, by 60 to 55 percent, according to CivicScience's survey data. Support for legalization was strongest among people ages 25-34; the only age group in which the majority of people opposed legalization was those over 65.

Ultimately this irrationality of the Bitshares community is going to be punished by the market because the market favors the bold. When over 60% of millennials are in favor of something and they are our core demographic then to disobey them is to go against your core demographic. That makes it irrational from a marketing and strategic development standpoint.

REASONING 101:

All models of our demographics show that most support for Bitcoin and cryptocurrencies come from the same demographics that supports marijuana legalization. The demographic of people who say they'll never use Bitcoin just happens to be the same demographic that opposes marijuana legalization. So you're telling me it's rational to try to impress our grandparents as a marketing strategy when they'll probably never use these technologies anyway? And even if they do use it they wont be using it in large numbers anytime soon.

THIS ISN'T ABOUT DRUGS, IT IS ABOUT FOLLOWING THE POLL DATA:

I'm not endorsing SilkRoad or BitDrugs. I'm only endorsing BitCannabis because the people who matter the most to the success of all future DACs support legalization. If I don't listen to them then I'm not being a good representative of their interests. I do understand the arguments that maybe it shouldn't be done right before the election and that the timing could be bad but I think a quiet launch of BitCannabis could attract all the right kind of people to Bitshares X because they are the kind of people who will use Bitshares X for the long term.

I only ask that a rational case be presented for why we should ignore the will of our core demographic. The politicians you're afraid of aren't ignoring the will of their core demographic and the fact that marijuana is legal in some places is proof that even their core demographic is changing their opinions.

[Method-X]

Can someone explain why this community would want to voluntarily associate with controlled/illegal substances?

Maybe we shouldn't introduce BitDrugs to Bitshares (I don't care, whatever) but I'm discussing this because I think it would be a fascinating experiment on a separate blockchain. Can you imagine a BTSX clone that's basically a forex market for trading BitAsset drugs? BitCannabis, BitCocain, BitLSD. It would be a totally legal prediction market for discovering the true value of a forbidden substance. Just like BitUSD isn't real USD, BitCannabis isn't real cannabis (just a digital token representing it's real world value). I think it's fun to have these discussions, purely out of scientific curiosity.

[luckybit]

Dont worry guys and girls...there is plenty of time for "darkshares" to come out sharedropping on bts holders 50% to gain Maximum allegiance from bts holders and the voting demographic they grow to represent.

Those living in jurisdictions where the risk is low will buy the heck out of them as those living in "free" states like the USA will dump the hell out of them and buy regular bts out of fear of being detained indefinitely without trial or charge (see NDAA 2011). Then both chains will flourish and the innovations from each can be adopted by the other..

Like onceuponatime says...choose your battles...and the timing wisely. Ive unfortunately learned this the hard way on these very forums.  Damn wise imho.

This is why I kept some XCP. Counterparty will go where Bitshares X is afraid to go.
Millennials seem to flock to Counterparty precisely because of this so don't be surprised at the moves by Overstock, Reddit, and other big businesses chasing after that demographic.

It's just a matter of time before pot is legal everywhere. As long as it's illegal in most places, having a BitCannabis would be one more reason for regulators to take a tough stance on BitShares. You want to have gateways with banks and stuff, then this is something you don't do. Ain't worth it.

THIS BEHAVIOR IS IRRATIONAL.

I never wanted Bitshares to become a gateway to banks. I never said I want Bitshares X to become Ripple 2.0. You're saying you want Bitshares X to be like Ripple and cater to regulators.

Regulation is fine when regulation is required but regulators don't have any legal jurisdiction over which BitAssets exist on the Bitshares X chain. Giving them phantom authority over what BitAssets exist on the chain is marketing to authority rather than the demographic that matters.

I see BitCannabis as good marketing for Bitshares X. It might attract the attention of certain people in authority who don't like it but the fact that Bitshares X exists at all and isn't making them money is attracting attention already.  Do you see any of these authorities providing any support to Bitsharex X?

Maybe if Bitshares VOTE is accepted by the government then I could understand this stance but right now it seems like the Bitshares community is choosing to give market share to Counterparty out of fear of what someone in some government might think of a BitAsset. I'm pointing out that it is not rational behavior to make a global decision over fear of a local authority and it makes even less sense when the authorities even admit that the tide is turning.

[fuzzy]

It's just a matter of time before pot is legal everywhere. As long as it's illegal in most places, having a BitCannabis would be one more reason for regulators to take a tough stance on BitShares. You want to have gateways with banks and stuff, then this is something you don't do. Ain't worth it.

This.

[Ander]

It's just a matter of time before pot is legal everywhere. As long as it's illegal in most places, having a BitCannabis would be one more reason for regulators to take a tough stance on BitShares. You want to have gateways with banks and stuff, then this is something you don't do. Ain't worth it.

This.

[fuzzy]

Dont worry guys and girls...there is plenty of time for "darkshares" to come out sharedropping on bts holders 50% to gain Maximum allegiance from bts holders and the voting demographic they grow to represent.

Those living in jurisdictions where the risk is low will buy the heck out of them as those living in "free" states like the USA will dump the hell out of them and buy regular bts out of fear of being detained indefinitely without trial or charge (see NDAA 2011). Then both chains will flourish and the innovations from each can be adopted by the other..

Like onceuponatime says...choose your battles...and the timing wisely. Ive unfortunately learned this the hard way on these very forums.  Damn wise imho.

[toast]

This is the sort of thing we could do after we successfully separate "BTS the platform" from any bitshares applications. ETH has the advantage that people understanding it is a neutral, egalitarian technology platform.

[donkeypong]

It's just a matter of time before pot is legal everywhere. As long as it's illegal in most places, having a BitCannabis would be one more reason for regulators to take a tough stance on BitShares. You want to have gateways with banks and stuff, then this is something you don't do. Ain't worth it.

[luckybit]

Lets just forget about this.  We have more than enough markets to sell bitassets, there's no point going into a market that carries extra risk.

Why are you afraid of risk? If you're afraid of pissing a powerful person off why would you even download Bitshares X?

Choose your battles (and your timing) wisely.

Because you're an American who happens to be in a state which criminalized marijuana? So if you're not an American? If you're not from one of those states? I guess you'll be going straight to Counterparty which appeals to a global userbase without fear.

I think as a global blockchain you have to take these risks or the competitor will eat your lunch. If Bitshares X can do commodities better than any other technology and it ignores one of the biggest markets because someone in US congress may not like it then that is a sign of problems.

A benefit of being decentralized and global is that you can take these risks. If you're behind on cannabis then you're risking losing the critical millennial demographic in favor of a demographic which will never care about Bitshares or use it. I think this caution on cannabis appeals to the wrong audiences for the wrong reasons and fails to follow what the polls say.

The polls say this is what the millennials want: http://www.people-press.org/2013/04/04/marijuana-changing-attitudes/pp_13-04-03_ss_marijuana_05_age/

65% of millennials support marijuana legalization. Follow the statistics not your fear.

[onceuponatime]

Lets just forget about this.  We have more than enough markets to sell bitassets, there's no point going into a market that carries extra risk.

Why are you afraid of risk? If you're afraid of pissing a powerful person off why would you even download Bitshares X?

Choose your battles (and your timing) wisely.

[luckybit]

Lets just forget about this.  We have more than enough markets to sell bitassets, there's no point going into a market that carries extra risk.

Why are you afraid of risk? If you're afraid of pissing a powerful person off why would you even download Bitshares X?

[matt608]

Lets just forget about this.  We have more than enough markets to sell bitassets, there's no point going into a market that carries extra risk.

[onceuponatime]

Can someone explain why this community would want to voluntarily associate with controlled/illegal substances?

Juvenile thinking.

[oldman]

Can someone explain why this community would want to voluntarily associate with controlled/illegal substances?

[luckybit]

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!)

There can be price feeds. One price feed could come from Cannabiscoin.
I don't think you can let it float particularly because BitAssets require price feeds to be market pegged.

But suppose Cannabiscoin is real? Use that as a price feed. I think right now the lack of price feeds is a problem but there are going to be a lot of cannabis vouchers out there which can be used as a price feed. Cannabiscoin is maybe just the first of many.

If we aren't going to use a decentralized exchange to find the price of cannabis because that is too controversial then what exactly is Bitshares X going to be used for? How will you market to millennial who smoke pot ? They will want to know what the true value of 1 gram of cannabis is and honestly just from an academic perspective it would be cool to say Bitshares X discovered that.

I think as long as you're not facilitating actual drug trades then there is nothing illegal about it. The vouchers would be redeemable when you go to Colorado or somewhere which can legally redeem it. If you're talking about cocaine that would be far more controversial.

We should predict that a lot of dispensaries will have their own coins on Bitshares X or Bitshares ME. We should have a market pegged asset to discover the true price of 1 gram of cannabis. Anything else would probably be too legally risky as you don't want to have Bitshares caught up in illegal transactions.

[luckybit]

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.

Cannabis vouchers would not be illegal to trade. Possession might be illegal if you're in a state where it is illegal but trading vouchers is legal as far as I know. Bitshares X is global and not everyone using it is in a part of the country where the commodity is illegal or in a country where the commodity is illegal.

I think we should do it. It's bold enough to get attention, it's something which could probably only be done on Bitshares X, and cannabis is just another commodity really.  As long as you're not breaking any laws then do it and if you get bad publicity for trading vouchers which represent cannabis you'll get just as much good publicity as well.

For the record Colorado has legalized recreational marijuana. Most of the United States and millennial in particular support legalization. So I don't see how it goes against our core demographics to have this particular commodity on Bitshares X.  People who don't think cannabis should be legal aren't the sort of people who would use Bitshares X anyway.

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.

Marijuana is legal in some states. Cocaine isn't legal in any states. So you can legally allow dispensaries to issue their tokens on Bitshares X and I don't see how it would affect Bitshares X.

Should service providers get sued if dispensaries set up a website? Just having cannabis vouchers doesn't mean you've committed a crime because the voucher isn't actual cannabis. If you redeem the voucher in a place where it's legal that at least isn't a crime on the state level. On the federal level it could be challenged in court.

Ultimately the idea is by doing stuff like this we'll either eventually see marijuana legalized on the federal level or more states will legalize it until it becomes another unenforceable federal law. In any case having the commodity on Bitshares X would make Bitshares X ahead of the political trend instead of behind it.

Here is a very important quote which you can spread:

The U.S. response to this tension has thusfar been to call for more "flexibility" in how countries interpret them. This policy was made explicit in recent remarks by Assistant Secretary of State William Brownfield, who last week at the United Nations said that "we have to be tolerant of different countries, in response to their own national circumstances and conditions, exploring and using different national drug control policies." He went on: "How could I, a representative of the Government of the United States of America, be intolerant of a government that permits any experimentation with legalization of marijuana if two of the 50 states of the United States of America have chosen to walk down that road?"

As far as policy stances go this is an aggressively pragmatic solution. The federal government lacks the resources and perhaps the political will to crack down on the legalization states, but it also likely doesn't want to openly admit that it's allowing regulation regimes that openly contradict the provisions of major treaties.

Bitshares X does not have to follow US drug policies. Bitshares X users from the United States have to follow US laws but Bitshares X DAC is not an American citizen.

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/10/17/how-marijuana-legalization-in-colorado-and-washington-is-making-the-world-a-better-place/

[Method-X]

Hi.. I´m from Argentina and here we´re very concern about the soybeans price at Chicago Board of Trade (CBOT).

That´s the price we get when selling soya to our chinese customers.

After the last financial crisis (2008) Soya became a commodity chosse by big whales investors and the market became extremly volatile.

A BitSoya or SoyaCoin already exists?

I am FAR more aligned with this kind of stuff being on the decentralized exchange.  This was a similar reason to why I seriously agreed with JoeyD for suggesting bitCoke (as in coca cola)...because it would enable people to invoke the "cocain" memes, but more importantly...to enable citizens in different countries to know when they are being overcharged for their coca cola. 

For instance, in the philippines a litre of coca cola costs as much as a 2-liter does here in america--a 100% markup for people who are effectively 10% as wealthy.  This would help level the cost for everyone.

Issuing assets to allow for price discovery is definitely a fantastic idea. It doesn't have to be drugs of course but that idea really got me thinking.

[fuzzy]

Hi.. I´m from Argentina and here we´re very concern about the soybeans price at Chicago Board of Trade (CBOT).

That´s the price we get when selling soya to our chinese customers.

After the last financial crisis (2008) Soya became a commodity chosse by big whales investors and the market became extremly volatile.

A BitSoya or SoyaCoin already exists?

I am FAR more aligned with this kind of stuff being on the decentralized exchange.  This was a similar reason to why I seriously agreed with JoeyD for suggesting bitCoke (as in coca cola)...because it would enable people to invoke the "cocain" memes, but more importantly...to enable citizens in different countries to know when they are being overcharged for their coca cola. 

For instance, in the philippines a litre of coca cola costs as much as a 2-liter does here in america--a 100% markup for people who are effectively 10% as wealthy.  This would help level the cost for everyone. 

[forestalnet]

Hi.. I´m from Argentina and here we´re very concern about the soybeans price at Chicago Board of Trade (CBOT).

That´s the price we get when selling soya to our chinese customers.

After the last financial crisis (2008) Soya became a commodity chosse by big whales investors and the market became extremly volatile.

A BitSoya or SoyaCoin already exists?

[fuzzy]

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.

[matador123]

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.

[Method-X]

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!)

[luckybit]

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.

[luckybit]

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.

[xeroc]

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 ..

[drekrob]

this is as stupid as having a car-coin pegged to the exact worth of one car.

[Method-X]

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.

[oldman]

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.

[luckybit]

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.

[xeroc]

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

[speedy]

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.

[johncitizen]

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.

Wish them luck

[Ander]

And if you guys dont start supporting the BTSX price soon, they are gonna pass us in market cap.

[eagleeye]

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.