Cannacoin Christmas,
The value you're seeing in each coin (currently ~4k satoshi) is directly tied to the planned scarcity or "rarity" of CCN's protocol/supply, just take a look a bitcoin and ask yourself... "Why would Satoshi Nakamoto only create 21 million coins when he started BTC?". The answer is that each coin is almost infinitely divisible (0.00000001) which in turn allows for a frictionless currency that can acquire much more value with a limited supply then a lot of theses over inflated currencies/crypto coins with millions or billions being mined and in circulation (think federal reserve or even DOGE). These coins with an over abundance will have a hard time playing supply/demand when their networks are over-saturated with supply and lack the demand (or future demands) to play keep up. Think about it this way, each coin is made up of 100,000,000 (100 million individual units) satoshi's.. that's a lot of currency for each unit (1 coin).
With our transition to proof-of-stake demand can easily rise and justify increases in price due to an even more limited supply of 2% annual interest going forward. The move also removes aspects of centralization in mining and opens up many more possibilities for broader network security not to mention simply allowing anyone with coin to now participate in earning CCN.
I knew when creating CCN that a decision to limit the supply would/could dramatically reflect in the overall marketcap and could potentially limit our audience who purely base investments on a coins a coins marketcap however, on the flip side I also strongly believe that current models of "marketcap" are a total fallacy in crypto and feel our goal in the ecosphere is much more long term oriented and follows the supply philosophy that less is more. This longer term vision of ours is what will allow us to continue to drive value to our coin/network over time which in turn will help everyone see the same value you see and make us all happy campers am I right?
Tokes up,
SubCreative
Dear Investors and Community,
Going forward once this coin becomes Proof-of-Stake the network security and value is in the hands of community members and investors. You decide the price you want to sell your coins at. You all decide what the network will be used for. It is everyones responsibility to add value to this network because you ARE the network.
I really believe that now is the time to get involved in the Cannabis industry. We are making huge progress here in the Pacific NW. 10 years from now, people will look back at the industry and wish they had this opportunity. I am challenging everyone to invest not just in Cannacoin, but in products and services for Cannacoin and in applications that utilize the Cannacoin network of which we are just scratching the surface.
We have a dedicated developer. We have dedicated investors. We can channel this huge amount of investment of time, energy, and money in this coin into new ventures. We have an opportunity to be our own bank with our own payment network. This is a crowd-funding platform if you want it to be. You just need to provide people with an incentive to join the network and be willing to give them the opportunity to invest. So the question I would ask to everyone is, what do you want to see Cannacoin and the Cannacoin network used for and how are you going to apply your skills to help make it happen?
-Patrick
What does the team need from the community?
1) Fundraising
2) Graphic Designers
3) Social Media promotion
4) Bring in more Developers
5) Sponsor Fiverr campaigns: https://www.fiverr.com/
6) Corporate/Company partnerships
What do we need to do to make it easy for the community to be able to participate?
1) Open Cannapay Beta completely
2) Completely secure staking wallets w/ 2FA (fobfuscate project) free for Cannacoin community
3) Roadmap for Cannapay and individual donation address partial open-sourcing of the project
4) Roadmap for NWGT.tv and individual donation address
5) Bitcoin Dev Fund
6) Cannacoin Dev Fund
7) Lots of Twitter, Facebook, and Reddit content
8.) Consistent development updates
What we envision for the Cannacoin cryptocurrency network:
1) Blockchain for content and product activation. Similar conditional freeware concept.
a. NWGT.TV premium subscribership
b. NWGT.ORG premium access marketplace/wholesale
c. Cannapay Premium access and features
2) Stocks/Commodities traded on the Blockchain through decentralized Cannabis exchange
3) Voting
4) The community needs to help fund development or devote time and energy. Its not going to happen without everyone pitching in.Community Feedback:
1) Get a black and white picture of our server costs.
2) Consolidate costs and make a budget plan for the community to see.
3) Create a visual roadmap and solidify a graphics design team.
Lets move together as investors in development.An additional idea I have been pushing for someone to try is the super discount. Right now computer developers and marketers are working for free to try and make this cryptocoin stuff work. I want other people to use their skills for free towards getting cryptocoins used in the mainstream.
I want an e-commerce store, retail store or festival popup tent that operates for free or a small 10% mark up. The one problem with this is that it requires up front costs. It requires the $10,000 for a shipping container of product. If there was some way to get that $10,000 into the system then the shop should be able to work.
Unlike normal money, Cryptocoins value can go up. Even at a small 10% markup, if this coin ever goes up 100x in value then you will have made 10x more money than someone running a store.
This is just one idea. I really like the idea of someone using their skills that aren't computer related to improve the coin.
