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    Cryptocurrency Crypto Basic Weekly Roundup - 2018.12.18 [r/CryptoCurrency Event]

    December 19, 2018

    Cryptocurrency Crypto Basic Weekly Roundup - 2018.12.18 [r/CryptoCurrency Event]

    Crypto Basic Weekly Roundup - 2018.12.18 [r/CryptoCurrency Event]

    Posted: 18 Dec 2018 09:53 AM PST

    Daily Discussion Megathread - December 19, 2018

    Posted: 18 Dec 2018 09:44 PM PST

    Welcome to the Daily Discussion Megathread. Please read the disclaimer, guidelines, and rules before participating.

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    submitted by /u/CryptoCurrencyMod
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    Western Union just posted video of their President saying "cryptocurrency may become one more option" at their 500,000+ money transfer location...

    Posted: 18 Dec 2018 11:20 PM PST

    All Of The Weedcoins, POT, THC, SMOKE, PRG, TKS, DOPE, CANN, MRJA, GRWI, KUSH, GRMD, CCN, STV, CNNC, BGR, MAR, BLAZR, BUBO, are Shitcoins

    Posted: 18 Dec 2018 11:05 AM PST

    All Of The Weedcoins, POT, THC, SMOKE, PRG, TKS, DOPE, CANN, MRJA, GRWI, KUSH, GRMD, CCN, STV, CNNC, BGR, MAR, BLAZR, BUBO, are Shitcoins

    ​

    https://i.redd.it/r6nvz6g643521.png

    https://cryptoiq.co/all-of-the-weedcoins-pot-thc-smoke-prg-tks-dope-cann-mrja-grwi-kush-grmd-ccn-stv-cnnc-bgr-mar-blazr-bubo-are-shitcoins/

    The War On Shitcoins Episode 7: Weed-Themed Coins including Including PotCoin (POT), Paragon (PRG), SMOKE, Tokes (TKS), HempCoin (THC), Marijuana Coin (MAR), CannabisCoin (CANN), CannaCoin (CCN), DopeCoin (DOPE), BlazerCoin (BLAZR), GreenMed (GRMD), Growers International (GRWI), Cannation (CNNC), Bongger (BGR), Sativacoin (STV), KushCoin (KUSH), GangaCoin (MRJA), Budbo (BUBO). The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to their being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that are ruining the markets, and Crypto.IQ intends to expose all of them. The crypto space needs an exorcism, and we are happy to provide it.

    There are numerous cryptocurrencies that are nothing more than copies of other cryptocurrencies with marijuana logos slapped on. Perhaps the developers of these cryptocurrencies were running dry and decided to do an ICO or premine in order to fill their war chest with marijuana. Whatever the motives may be, the human race has created 18 weed-themed cryptocurrencies. Each one will be reviewed and properly burned below.

    Potcoin (POT) is one of the earliest marijuana-themed cryptocurrencies, having launched in 2014, and has a market cap of $2.7 million. Shockingly, the POT market cap approached $100 million during the 2017 crypto craze. POT is branded as a global solution for the $100 billion global marijuana industry, but obviously, the global marijuana industry has never embraced Potcoin based on the volume of less than $3,000 per day as of this writing. It is actually nonsensical that marijuana enthusiasts would want to be holding and transacting POT since having POT labeled on all of their transactions is much less anonymous than using Bitcoin. POT started as PoW and eventually switched to PoS and has no unique capabilities or characteristics. Since POT's only unique trait is a weed logo, it is clearly a shitcoin. For each weed-themed cryptocurrency CryptoIQ will give it a classification stoners understand. Since POT is one of the earliest and most popular weed coins and has the second highest weed coin market cap, the classification is burning blunt.

    HempCoin (THC) is not far behind POT, with a market cap of $2.3 million and similar minuscule volume of $12,000 per day. THC launched in 2014 and is meant to revolutionize the weed and hemp industry by providing a decentralized payment system. Like POT, there is no reason marijuana entrepreneurs would choose to transact with THC versus Bitcoin, especially since liquidity is so low they would lose money. Apparently, THC is PoW and PoS, but has no unique capabilities. The classification of THC is half-smoked blunt.

    SMOKE has a market cap of $840,000 and is listed on some decentralized exchanges. It seems like SMOKE is meant to be the weed version of Steemit. It appears the website did launch and is functioning as a social network for stoners, who can smoke and earn SMOKE. Perhaps SMOKE has potential, so it gets the classification fresh pinner joint. However, the entire concept of people motivating each other to smoke drugs to earn cryptocurrency seems like something the world does not need.

    Paragon (PRG) is a bit more advanced than the other weed coins since it integrates smart contract technology and can be used to build dApps for the marijuana industry. Perhaps PRG can be nicknamed Weedthereum. PRG has the highest weed coin market cap at $5.2 million although volume is only $21,000 per day. The SEC stomped on PRG's blunt and issued severe penalties for the unregistered ICO. PRG must return investments to the investors, and since $12 million was raised and PRG has lost over half that value, it seems Paragon is at risk of going bankrupt. This yields the classification of blunt soaked with trash juice.

    Tokes (TKS) is a weed coin launched via the WAVES blockchain that has a market cap of $775,000 but less than $400 per day of daily trading volume. Someone dumping the TKS they received from selling a QP of weed could crash the market. Apparently, TKS aims to be a supply chain tracking tool for the marijuana industry, in addition to being a compliant currency for dispensaries, but it is obviously not used much. For now, TKS is classified as hitting a roach.

    DopeCoin (DOPE) launched way back in 2014 and today is practically dead with a market cap near $420,000 (seriously) and less than $1,000 of daily trading volume. DOPE transitioned from a PoW to PoS cryptocurrency, and the website is poorly made, unlike the weed coins listed above which have well-built websites. There are no redeeming qualities to DOPE, and its classification is accidentally inhaled the roach.

    CannabisCoin (CANN) has a market cap less than $400,000 and volume less than $4,000 per day. CANN's goal is to be used to purchase marijuana at dispensaries, and there used to be a product line of weed strains called CANNdy which were supposed to be traded at one gram per one CANN. Now one CANN is worth half of a penny, so that probably did not work out well. Shockingly, CANN's market cap hit $30 million in early January 2018, so it has seen an epic collapse this year. This gives CANN the classification paid for fireweed but got schwag.

    GanjaCoin (MRJA) is the first weed coin in the list that is nearly dead. Based on the Bitcointalk thread, it is listed on a couple of obscure exchanges. GanjaCoin had ambitious plans to open a dispensary in which each gram of weed was backed by one MRJA. GangaCoin is unique among the weed coins since it used masternodes, much like Dash. It is obvious that practically no one is using MRJA, giving it the classification old roach in a storm drain.

    Growers International (GRWI) is designed for marijuana growers and has some increased capabilities versus other weed coins such as smart contracts, a blockchain repository for cannabis strains, and supply tracking from seed to sale. The idea is legitimate, but the market cap of $88,000 and less than $1,000 of daily trading volume indicates GRWI has failed to take root. This is perhaps due to a swap to an ERC-20 token being required to use any of the dApps, since apparently, the developers could not do it on their own chain. The swap does not appear to be going well, and therefore, GRWI is classified as burnt fingers on the roach.

    KushCoin (KUSH) is a weed coin that had Weedthereum aspirations, but now the website is dead, the devs have disappeared behind a cloud of weed smoke, and KUSH has been completely delisted. The only appropriate classification is roach buried in a garbage dump.

    GreenMed (GRMD) has a market history similar to the half-life of radioactive waste, and currently has a market cap of only $40,000 and daily trading volume less than $300. Apparently GreenMed is among the cryptocurrencies that aimed to have an attached debit card, and just like TenX and Monaco, this ended up being disastrous. The website has been converted to a simple marijuana e-commerce store with no mention of cryptocurrency, indicating the developers gave up on the crypto debit card idea. GRMD seems to be completely dead, and the classification is roach thrown out of a car on the highway.

    CannaCoin (CCN) is a PoS cryptocurrency with probably no people staking. It may be listed on a random obscure exchange. It appears CCN did not have any unique characteristics yet still hit a market cap of $2 million in January 2018. This is more proof of how detached from reality the crypto rally was since now CCN is certainly dead. The classification is roach at the bottom of a trash can filled with garbage.

    SativaCoin (STV) has no redeeming qualities, despite being named after a potent strain of marijuana. It was PoS, and that's about it. During the crypto rally STV nearly hit a $1 million market cap, but the developer team is gone and presumably smoking the portion of the market cap they cashed out. STV is completely delisted and valueless, giving it the classification shredded roach on the side of the road soaked with trash juice.

    Cannation (CNNC) raised less than a Bitcoin during their mid-2017 ICO, perhaps enough to smoke the dev team out for a month, and now the website is gone. CNNC was just a PoW/PoS hybrid that had no unique capabilities. Really, CNNC is an obvious ICO scam, giving it the classification bought a weed roach but got a spice roach.

    Bongger (BGR) is named after someone taking a huge rip from a marijuana water pipe, and perhaps that is exactly what the dev team is doing since the devs are still around four years after launch and seem chill about the fact that BGR is worth nothing. The classification for this cryptocurrency is passed out on the couch and covered with doritos.

    Marijuanacoin (MAR) hit a market cap of $900,000 in January 2018, perhaps for no other reason than it has the word marijuana in its name. The MAR dev briefly showed up in October 2017 and proposed to hard fork the blockchain, and apparently asked for donations, before disappearing forever. MAR continues to be listed on Cryptopia but has no volume, meaning it is worthless. This gives MAR the classification wind gust blows your joint into a lake.

    BlazerCoin (BLAZR) has no website and no announcement thread but is listed on YoBit despite zero volume. This gives BLAZR the special classification prison joint made of toilet paper and the scrapings from a green apple.

    Budbo (BUBO) is listed on Cryptopia and HitBTC, with a whopping $63 of volume, enough to buy an eighth. Budbo is branded as a decentralized autonomous organization (DAO) for the weed industry. BUBO was sold in an ICO, and appears to have collected a whopping $37 million from investors. This is perhaps since the ICO occurred in late December 2017 and January 2018, when investors were overloaded with cash and enthusiasm. The developers still periodically show up and say they are "working on it," but nothing has been developed, and the website is mediocre. Budbo is certainly the biggest scam in weed coin history and therefore earns the classification got mugged by drug dealer.

    submitted by /u/turtlecane
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    Cryptocurrency is finally being used as a censorship resistant currency! About time!

    Posted: 18 Dec 2018 11:08 PM PST

    Nano Boulton Released!!! Great Job Nano!

    Posted: 18 Dec 2018 01:20 PM PST

    Back to refreshing every 5 seconds

    Posted: 19 Dec 2018 02:52 AM PST

    A trader who started shorting bitcoin at its top just closed his position - The Block

    Posted: 19 Dec 2018 02:36 AM PST

    Ethereum's top 500 whales have increased their holdings 80% since Jan 2018. They currently own 20 million ETH, valued at $2.3 billion.

    Posted: 18 Dec 2018 06:44 AM PST

    Waltonchain's latest Mainnet R&D, testing and swap schedule.

    Posted: 19 Dec 2018 03:26 AM PST

    The MyStory dApp by DNV GL has just hit over 10,000 transactions within it's first week on VeChain Blockchain.

    Posted: 18 Dec 2018 05:42 PM PST

    Despite the bear market and potential ICO refunds, Pantera Capital raises another $175 million

    Posted: 18 Dec 2018 06:01 PM PST

    Western Unions president on Ripple and Blockchain

    Posted: 18 Dec 2018 11:09 PM PST

    The What is Cryptocurrency book just went free for two days

    Posted: 19 Dec 2018 02:05 AM PST

    At least three EOS gambling dapps (BetDice, EOSMax, ToBet) hacked for over 200k EOS

    Posted: 18 Dec 2018 03:53 PM PST

    Privacy & Why It Matters

    Posted: 19 Dec 2018 12:26 AM PST

    CEO of Global Tech Makers Believes Blockchain Can Fulfil its Promise of Global Business Transformation. "It really is a matter of understanding that blockchains eradicate the need for expensive intermediaries. Once companies become aware of this fact..."

    Posted: 19 Dec 2018 12:00 AM PST

    Bitcoin SV's Nightmare Could Be Coming True

    Posted: 19 Dec 2018 01:53 AM PST

    One of us!

    Posted: 19 Dec 2018 03:56 AM PST

    The best way to deal with the bear crypto market is to stop associating crypto with market speculations. Let's make it about adoption, economic freedom and business opportunities.

    Posted: 18 Dec 2018 07:02 AM PST

    Imagine Cryptocurrencies as Forex Trading Exchange Markets: Staying Ahead of the Curve

    Posted: 19 Dec 2018 01:02 AM PST

    ARK announces and provides a very technical roadmap of their upcoming Core features

    Posted: 18 Dec 2018 02:20 PM PST

    Why a bear market can be good for crypto start-ups

    Posted: 19 Dec 2018 03:04 AM PST

    World’s first crypto-based fund to be listed on the NSE

    Posted: 18 Dec 2018 03:57 PM PST

    ONEROOT and BXA Announce Global Blockchain Payment Solution

    Posted: 19 Dec 2018 02:39 AM PST

    IOTA | Now available in Canada ��

    Posted: 18 Dec 2018 02:01 PM PST

    Hodling vs Adoption - Dilemma or not?

    Posted: 19 Dec 2018 03:23 AM PST

    So, with the current, rather appreciated green (long may it last), I started accumulating a bit again, because I think we scratched the bottom or went near it at least. But it got me thinking just now.

    I realize that one of the most important factors in all of this is RL adoption.

    I basically only accumulate and never spend any cryptos.

    It's not even that much in fiat and I really want to hodl until I feel that cryptos have realized their full potential.

    Now, I guess that there are a bunch of hodlers out there who feel the same or are in similar situation and face a similar dilemma:

    We want to see crypto currencies succeed, but we don't want to spend any because we don't move much in terms of fiat now in hopes it migh be much more later.

    So here's the question: How can I solve this? How can I act in a manner that promotes adoption without tapping into my accumulated crypto? Is it even possible?

    submitted by /u/wernermuende
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