Dennis Rodman is headed to North Korea to set himself up for a Nobel Peace Prize by smokin’ sweet Ganja with Kim Jong Un. Sponsoring the whole event is PotCoin, a digital cryptocurrency created solely for buying and selling cannabis.
PotCoin (POT) is a decentralised, open-source cryptocurrency forked from Litecoin in January 2014. It was created with the goal of becoming the standard form of payment for the legalised marijuana industry. Technically, PotCoin is almost identical to Litecoin, with just a few differences: a shorter block generation time, quicker halving schedule, and a higher maximum number of coins. As a result of its name and nature, the cryptocurrency attracted a fair amount of attention in mainstream media and, unlike most cryptocurrencies, PotCoin was deemed sufficiently notable to keep a Wikipedia page.
PotCoin price is up 90% (and rising) since the news hit yesterday. Here is the PotCoin chart overnight since the story hit mainstream media.
Also from the Gizmodo article:
But even more bizarrely, Rodman has hinted that he’s setting up a backchannel for Donald Trump to speak with Kim Jong-un. And people are taking the possibility very seriously, considering that Dennis Rodman is the only mutual friend between the two world leaders. Seriously.
Seems surreal right? Well it’s also our best shot at bringing Kim Jong Un to the negotiating table and PotCoin just put themselves on the world stage. This is a masterstroke of PR genius by PotCoin with the added benefit of possibly opening the door to US and North Korea negotiations.
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