POTCOIN
- Started
- Last post
- 6 Responses
- teh
I thought banks could do business with cannabis companies?
PotCoin is a cryptocurrency, similar to its more well-known sister Bitcoin, that is designed to facilitate exchange between legal pot sellers and their customers in the absence of traditional financial institutions.
Full article here:
http://tinyurl.com/l7mc5vq
- teh0
I'm not spamming just want to get some opinions.
http://www.reddit.com/r/potcoin
- inteliboy0
Or the could just use bitcoin.
All these cryptocurrencies were initially a good experiment, and one may take off due to being vastly superior to bitcoin... though fatigue is setting in of having so so many of them out there. Let's be honest, most if not all of them are either scams, pump n dumps or gimmicks.... It's all starting to have a negative impact on crypto's imo, it's all a big joke.
- ukit20
The new IRS regulations might make it difficult to use cryptocurrency on a wide scale. They treat it as property rather than currency, meaning you have to pay tax on the fluctuation in price for every transaction.
- teh0
Ugh! Thanks ukit2. Been trying to figure out bit and dogecoin. Mining and all that! Seems like the hardware is where all the money is.
I can't see the dispensaries using it but then again I never thought bitcoin would raise so much fucking! money!
- ideaist0
Why Everybody Who Doesn’t Hate Bitcoin Loves It: A New Freakonomics Radio Podcast
"The gist: thinking of Bitcoin as just a digital currency is like thinking about the Internet as just e-mail. Its potential is much more exciting than that.
Bitcoin is often described as “virtual gold” — as well as everything from a “bubble” to a “Ponzi scheme” to “a haven for individuals to buy black market items.” But what excites some people, like Silicon Valley veteran Marc Andreessen, is Bitcoin’s potential as a new technology that could underlie any number of transactions, well beyond the simple swapping of currency."
Podcast -> http://freakonomics.com/2014/03/…
- chossy0
This is from that podcast by a guy who has invested 50 million in bitcoin companies.
"ANDREESSEN: One of the things ... that’s been missing on the Internet for 20 years is kind of a native concept of money...The ability to very easily pay somebody online, the ability to very easily charge for a piece of content, the ability to very easily exchange a digital title, or a digital key, or a digital contract has just been missing because you have no mechanism for establishing trust. And so Bitcoin basically holds the promise of being the first solution to establishing trust over an untrusted network."
Hey Andreessen I use paypal. Also LOL establishing trust.