I suppose it's just another method of payment. Another competing alt-currency in the marketplace. E.g. What does the YEN/RMB/AUD offer that can't be done with USD?
Nothing in a technical sense yet... Its just another Litecoin clone. The only difference is that unlike Litecoin or shitcoins developers are flocking to Potcoin because the can clearly see its actually going somewhere.
I don't buy your argument, to compare sovereign countries with financial systems structured around a singular centrally controlled currency to small merchants to who can setup crypto currency payment processing in same time it takes to go the the toilet........ So to me it makes sense to ask if it offers anything in a technical aspect over bitcoin? Does it ? I genuinely don't know.
Bitcoin and ALL the other crypto's out there look like a wild ride. Potcoin on the other hand... WoW Much Stable WoW Very DOGE killer WoW
In the world of cryptocurrency yes. Its all speculation... Personally I wouldn't put and $$$$ into the market that I wasn't prepared to loose.
Think about it like this... How much money has your silver made you over the years? I'm up 189% in 10 days with potcoin. Crypto's are high risk. The reward is also high... Edit; 169% rather
Sigh... That Y axis for the order book is the in the thousands right ? Don't take this the wrong way because I'm not arguing against you ideologically but rather highlighting the fact what your saying carries as much weight as "because crypto currency = 1000 % increase" granted if that happens tomorrow night comming back here saying i told you so won't change anything
No offence taken... All i'm doing is putting the idea of Potcoin out there for the silver stackers. What everyone decides to do from here I leave to you. + 3.01 in bitcoin value... Compounding interest on the crypto level
How but framing some sort of debate around: Financial institutions withdrawing there services to legalized pot dealers in Colorado Blockchain technology and anonymity, the repercussions this will have in future and where this is going and the potential for altcoins to fill this gap The silk road and the dark market drug trade took bitcoin off the ground and arguably made bitcon what it is today Instead of Potcoin, WOW Cryptocurrency WOW , such new, very speculation, many thousand percent
No more or less stable than Bitcoin in a real sense but it does have the potential to become stable in the dedicated industry it was built and intended to be used in. IE it serves as a secure replacement for U.S Dollars for dispensary's and their customers so should become no more volatile than U.S $ . http://www.policymic.com/articles/8...olve-the-marijuana-industry-s-biggest-problem http://kdvr.com/2014/04/24/potcoin-cryptocurrency-aiming-to-aid-colorados-cash-only-pot-shops/ http://potcoin.info/index.php/blog/83-potcoin-atm-installed-in-river-rock-welllness
again there needs to be some sort of value in the utility of it. Is this is just going be like bitcoin where the majority of coins sit dormant and only very small percentage circulate in day to day business because people are speculating on it and have very little interest in actually using it. For buyers at pot shops there is no added utility over cash, its less anonymous and liquid. For sellers it there is more value in accepting bitcoin for the liquidity
So you're saying potcoin will be more successful than bitcoin because it's targeted at pot users. Are you serious?? There's absolutely nothing innovative about it. Targeted demographics is not a "feature", because anyone can still use potcoin, including non-pot users as well as pot heads. Likewise, all pot heads can still use bitcoin or any other alt coin to deal with pot. So tell me again, why is this coin so unique? So if we renamed Bitcoin to Potcoin, is it going to shoot to the moon? You're quite contradicting yourself here. You're putting more emphasis on the recent profit that it's bringing rather than its ideologies, which is basically admitting that it's being used more as an speculative vehicle rather than a currency that it was designed for. Lets not kid ourselves here. It's just another pump n dump shitcoin disguised as something much greater. Speculators are more likely to be interested in this coin than stoners will.
Can I interest you in some Iraqi dinar? If Suddam Hussein can be resurrected he will take back control of iraq, the currency will be reinstated and will appreciate many times over....
Looking into my crystal ball right now! The impact of the feds silk road auction on BTC and crypto's in general is an unknown variable but... If your looking to make a few % over the weekend POT is a good bet. Personally i'm looking to get in RIGHT NOW below 0.00002000 and get out Monday or Tuesday UP somewhere between 0-25% Write it down! Carve it in stone!