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Title: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MBMGroup_Rep on August 08, 2015, 07:11:23 PM Whats everyone's thoughts on the recent reporting that marijuana dispensaries are beginning to accept bitcoins and take advantage of its usefulness.
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: kwukduck on August 08, 2015, 07:18:16 PM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future.
So it's a bad development I think. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: gentlemand on August 08, 2015, 07:18:31 PM I hope they're not using a processor like Bitpay because they'll get shut down just as quickly as a conventional bank account.
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: RyNinDaCleM on August 08, 2015, 08:09:21 PM I hope they're not using a processor like Bitpay because they'll get shut down just as quickly as a conventional bank account. I would imagine that they would take it directly. For the last 2 or 3 years there have been many reports about dispensary operators carrying around bags of cash because armored companies wouldn't touch that field and banks were shutting down accounts... So these people were literally sleeping on mattresses stuffed with cash. If they accept Bitcoin directly, it takes up no extra space and can be secured with encryption. It's win-win for them. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: OgNasty on August 09, 2015, 01:19:05 PM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future. So it's a bad development I think. Buying legal natural medicine is bad? Brainwashed you is me thinks. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MBMGroup_Rep on August 09, 2015, 01:35:45 PM I hope they're not using a processor like Bitpay because they'll get shut down just as quickly as a conventional bank account. I would imagine that they would take it directly. For the last 2 or 3 years there have been many reports about dispensary operators carrying around bags of cash because armored companies wouldn't touch that field and banks were shutting down accounts... So these people were literally sleeping on mattresses stuffed with cash. If they accept Bitcoin directly, it takes up no extra space and can be secured with encryption. It's win-win for them. I own a compassion club. We have been thinking about converting to bitcoin for this exact reason. Bitcoin seems like a much safer viable solution. The biggest problem though is price stability, that is crucial when running a business with overhead. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: gentlemand on August 09, 2015, 01:39:25 PM The biggest problem though is price stability, that is crucial when running a business with overhead. Then you might be out of luck as I don't think that's going away any time soon. If you're quick with your exchange sells then everything should be fine. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Hunyadi on August 09, 2015, 06:52:17 PM ...because armored companies wouldn't touch that field and banks were shutting down accounts... So these people were literally sleeping on mattresses stuffed with cash. If they accept Bitcoin directly, it takes up no extra space and can be secured with encryption. It's win-win for them. This is lovely! Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: xcrabber on August 10, 2015, 12:13:13 AM For price stability
Couldn't they convert the bitcoin to nubit which is pegged to the dollar. When they need cash convert nubit back to bitcoin to get cash. Disclaimer I have never used nubit. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: kwukduck on August 10, 2015, 01:22:22 AM Bit coins market cap and trading volume won't be bigger. It's only getting smaller by the day.
I think we can see a stable price in the 30-50 range. Which I think is still insanely overpriced but I think there are enough fools to support it at that level. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: fonsie on August 10, 2015, 02:15:06 AM Bit coins market cap and trading volume won't be bigger. It's only getting smaller by the day. I think we can see a stable price in the 30-50 range. Which I think is still insanely overpriced but I think there are enough fools to support it at that level. Do you still occasionally meet the rest of the "DuckTales" cast? Aren't you afraid that more fools will join them, the world is full of them after all, as you can see for yourself in the mirror. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Amph on August 10, 2015, 11:21:16 AM Bit coins market cap and trading volume won't be bigger. It's only getting smaller by the day. I think we can see a stable price in the 30-50 range. Which I think is still insanely overpriced but I think there are enough fools to support it at that level. this only because there are many holders, which does not mean that bitcoin isn't growing, and there won't be any 30-50, you're predictions are stupid as fuck, it's not like anytime there is a swing you go out and predict the dead of bitcoin swing appear all the time in an unstable market like this they are fairly normal Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: tiggytomb on August 10, 2015, 11:33:16 AM good news, no good to us over here in the UK really but good for those that can.
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: vokain on August 10, 2015, 12:22:17 PM The biggest problem though is price stability, that is crucial when running a business with overhead. Then you might be out of luck as I don't think that's going away any time soon. If you're quick with your exchange sells then everything should be fine. Problem with that is, if they sell their bitcoin proceeds on exchanges they'll have to go through banks, and the banks will shut them down. Bitcoin price will not stabilize until both market cap and trade volume is much bigger. Right now it's too easy for a small-time whale to manipulate the price up and down. https://tether.to/ http://cointelegraph.com/news/114038/shapeshift-is-now-the-fastest-way-to-buy-or-sell-tether-usd Volume may or may not scale. I'm sure there are even more avenues too. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Natalia_AnatolioPAMM on August 10, 2015, 12:51:56 PM I'm not very much surprised.
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MF Doom on August 10, 2015, 01:08:52 PM The biggest problem though is price stability, that is crucial when running a business with overhead. Then you might be out of luck as I don't think that's going away any time soon. If you're quick with your exchange sells then everything should be fine. Problem with that is, if they sell their bitcoin proceeds on exchanges they'll have to go through banks, and the banks will shut them down. Bitcoin price will not stabilize until both market cap and trade volume is much bigger. Right now it's too easy for a small-time whale to manipulate the price up and down. Exactly what I thought was holding them back in the first place. They can accept btc, sure, but when they need to buy growing supplies, pay the electric bill, pay employees, they need fiat. This creates more work and more risk of the exchange rate going down. And still creates a situation where they need a bank, and the banks want nothing to do with these businesses. Seems like at the moment, it'd create more problems for these dispensaries. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: BillyBobZorton on August 10, 2015, 03:22:35 PM People will always try to buy weed, no matter what the regulation policy is at a particular time in any country, people that love weed will get there legally or through Silk Road version 534958439 (it's useless the feds keep knocking all those markets down, they always come back again). So I would legalize it and get done with it.
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MF Doom on August 10, 2015, 03:54:04 PM The root of the problem is the pharmaceuticals industry. I believe they spend more money buying off politicians in the US than anyone else (except maybe the private arms industry). They're doing everything they can to shut down legal weed because so many people would rather use it as medicine than their overpriced poison. They seem to be slowly loosing tho, as more states continue to legalize. Pennsylvania may be next. These state legalizations are done through referendums and they actually work! One of the last examples I can think of of democracy actually being effective in turning popular will into policy. There's no way a state legislature would vote to legalize. To quote the Trump: "I give them money and they do what I tell them to do!" I had the exact same revelation a while back, they spend so much money pushing their drugs, and they're scared because a PLANT stands to get in their way. I mean think about it, its something that most people could grow themselves. That would mean BILLIONS in losses if people stopped taking the dangerously addictive painkillers, not to mention sleep aides, anti-depressants, appetite helpers for chemo patients, all of which can be replaced with marijuana. And now they are even coming out with forms that remove enough thc that the "high" doesn't occur. There is absolutely no way its being kept illegal except for these giant companies lobbying for it to stay illegal. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: mrhelpful on August 10, 2015, 07:22:58 PM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future. So it's a bad development I think. You make it seem like money laundering was never being done with fiat money. Money laundering will always be here to stay its just now easier to move money around since they adapt a new "money transmitter" since thats what bitcoin also serves. Casinos and other various forms of people forming a LLC like the argentina gambling websites also has "bitcoin accepted". Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Mickeyb on August 10, 2015, 09:43:23 PM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future. So it's a bad development I think. I see what you are trying to say, uses like this will be pulled out of the context by our enemies and they will use this against us. This will very well happen, but the truth in my opinion is that we can't influence this at all. I mean people will use Bitcoin for anything if it suits them and if they find it useful. Are drugs and guns in tbjs group? Well probably yes but we can't stop that. Authorities should just fight all drug dealers, nevertheless of which payment method they are using for getting payed. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MasterYii on August 11, 2015, 05:28:44 AM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future. So it's a bad development I think. I see what you are trying to say, uses like this will be pulled out of the context by our enemies and they will use this against us. This will very well happen, but the truth in my opinion is that we can't influence this at all. I mean people will use Bitcoin for anything if it suits them and if they find it useful. Are drugs and guns in tbjs group? Well probably yes but we can't stop that. Authorities should just fight all drug dealers, nevertheless of which payment method they are using for getting payed. It kinda sucks too, cause it hurts some levels of new faces into bitcoin. And then they debate on either even supporting it or not. But, yeah let the authorities do their job.. also the comment above about drug cartels I didnt even know the bank allowed that like wth?? Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: OBAViJEST on August 11, 2015, 05:29:41 AM Technology is always one step ahead...don't fret, dear lads :-*
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Erdogan on August 11, 2015, 10:56:51 AM I hope they're not using a processor like Bitpay because they'll get shut down just as quickly as a conventional bank account. I would imagine that they would take it directly. For the last 2 or 3 years there have been many reports about dispensary operators carrying around bags of cash because armored companies wouldn't touch that field and banks were shutting down accounts... So these people were literally sleeping on mattresses stuffed with cash. If they accept Bitcoin directly, it takes up no extra space and can be secured with encryption. It's win-win for them. I own a compassion club. We have been thinking about converting to bitcoin for this exact reason. Bitcoin seems like a much safer viable solution. The biggest problem though is price stability, that is crucial when running a business with overhead. Mitigate risk using futures. Have as many shorts as you have coins, adjust to your bitcoin balance at any time. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MasterYii on August 12, 2015, 10:36:41 PM It doesnt matter either way.
They been moving their money around before bitcoin has been around. So it shouldnt effect the prices of bitcoin unless some huge whale was a part of a drug cartel that owns multiple dispenceries then I understand. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: bram_vnl on August 12, 2015, 10:38:09 PM i now 1 coffeeshop in the netherlands accept btc
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: AtheistAKASaneBrain on August 12, 2015, 10:51:23 PM i now 1 coffeeshop in the netherlands accept btc I think there's more than one. Since its legal in Netherlands, its very easy to find some bitcoin supporters taking advantage and selling legit weed over there.Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Brewins on August 13, 2015, 01:11:49 AM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future. So it's a bad development I think. Maeijuana is not illegal everywhere and not for all usages. What marijuana stores accept BTC? Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: tyrexs on August 13, 2015, 06:41:09 AM where the store marijuana accept bitcoin. i want buy marijuana using my bitcoin but i can't because marijuana illegal in my country.
Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: mattiadeabtc on August 13, 2015, 07:58:03 AM i now 1 coffeeshop in the netherlands accept btc can you post here the name or in pm? Thanks ;) Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: Giggs on August 13, 2015, 11:30:24 AM Whats everyone's thoughts on the recent reporting that marijuana dispensaries are beginning to accept bitcoins and take advantage of its usefulness. Sources for this? I haven't heard of any definitely accepting it but it's something I think they should do. Hopefully they accept bitcoin over all the cannabis crapcoins etc. Title: Re: Marijuana Dispenceries Starting to Accpet Bitcoin Post by: MUFC on August 13, 2015, 11:50:48 AM The more bit coin is used for illegal and harmful trades the worse it is for the future and policy that will be applied to it by governments and banks in the future. So it's a bad development I think. Weed dispensaries aren't illegal in select states in the US. I hope they're not using a processor like Bitpay because they'll get shut down just as quickly as a conventional bank account. This would kinda defeat the purpose of accepting bitcoin under these circumstances. I think they're only forced to use bitcoin because banks wont work with them. i now 1 coffeeshop in the netherlands accept btc Which ones? I might be going to Amsterdam later in the year. Would be cool to buy some weed with bitcoins. where the store marijuana accept bitcoin. i want buy marijuana using my bitcoin but i can't because marijuana illegal in my country. Then you need to go to the deepweb and buy from sites like Silk road (though obviously not SR because it's dead but there are others if you do the research. |