Potcoin, A New Cryptocurrency To Help Ease The War On Drugs

TechCrunch

Editor’s note:Roger Huang is co-founder of ThoughtBasin, an edtech startup that connects students with organizations looking for difference makers. Follow him at code(love).

It started with one evocative name shouted into the phone from one developer to another: “Potcoin!”

The Founding Fathers had to work for years to craft a Constitution that would grant the government the power to “coin money.” However, three developers in the frozen north, who were only able to provide me with pseudonyms because the businesses and investors they’re associated with would frown upon their new venture, had, within weeks, gone from uttering that single word to creating a cryptocurrency.

Hasoshi, Mr. Jones, and Smokemon 514 (“gotta smoke em all!” he shouts) united online to develop Potcoin, an online Bitcoin-like currency that can be used to store value. It launched on January 21, 2014 — at 4:20 p.m. The Potcoin team is defying conventional banks, money laundering…

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