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More gun stores might have to start accepting cryptocurrency. I wish I would have got in on the groundfloor of bitcoinInteresting comparison between marijuana businesses doing well without the banks, so the gun industry should be able to survive without the banks as well. Unfortunately , guns don't grow on bushes and face a bit more complex production and distribution issues. What a world. And, BTW, gun rights weren't "legislated." The right to keep and bear arms is a God-given right protected and enshrined by the Constitution of the United States.
I agree that crypto is high risk but it could work as a means to electronically transfer currency to make online purchases of firearms if conventional payment systems were refusing to process payments for firearm retailers. Some firearm retailers are already accepting it. My guess is they convert it to cash as soon as they receive it.Crypto currency is based on electrons and their value can reverse hard. Just look at the Bitcoin rollercoaster. I'm not saying that they don't have value but if the grid goes down or you lose your pass key then anything electron based is worthless.
I agree that crypto is high risk but it could work as a means to electronically transfer currency to make online purchases of firearms if conventional payment systems were refusing to process payments for firearm retailers. Some firearm retailers are already accepting it. My guess is they convert it to cash as soon as they receive it.
Edit: while the power is still on, anyways
We just need to nip it in the bud right away. If all gun owners and pro gun owners immediately move from Banks who try to pull this crap it would not grow. Sounds like CitiBank might be the first bank we need to abandon.
I agree that crypto is high risk but it could work as a means to electronically transfer currency to make online purchases of firearms if conventional payment systems were refusing to process payments for firearm retailers. Some firearm retailers are already accepting it. My guess is they convert it to cash as soon as they receive it.
Edit: while the power is still on, anyways