Interesting. Does he also ship worldwide? Equipments for archery? I am sure guns will not be allowed to be shipped without violating international laws.
Well, apparently BitPay rejects businesses that sell guns. I specifically checked their website about this and found that firearms were NOT on the list. Then after setting these guys up and doing a transaction they rejected it. WTF?
I'm going to look into coinbase and perhaps start recommending them as a payment processor. Anybody have any experience with them? Especially in a brick and mortar store.
I am not entirely surprised by this. I don't think that it is very good public policy to be mixing bitcoin and the purchase of weapons like this. I am a firm believer in the 2nd amendment however I do think there should be some restrictions on sales and transfer of firearms. To accept bitcoin to sell guns over the internet is just asking for trouble as this would likely create a demand for guns from people that should not be buying them.
I would be interested to see if coinbase will accept them, but I don't think they will.
I have read about one gun shop that has a bitcoin ATM inside (I think they also accept bitcoin) but the article that I read about it said that they would treat it as a "cash" transaction and the same ID and background check requirements would still apply and that customers can only buy by actually visiting the store
There are plenty of regulations on selling guns for bitcoin or fiat. FFL's don't care if you are giving the gun as a gift or sold it for a million the paperwork between them and the other FFL is still there. Do not offer to drive guns across state lines because there is a bunch of technical bullshit to do with this. Do not ship without a FFL unless you are overnighting a pistol to a FFL using Fedex. Blah blah blah Be paranoid to the fullest extent and if you have a question call the State Police.
You can use credit cards to buy guys.
They just don't have the balls to stand up for their constitutional rights or the extra work isn't worth it.
Edit:
Can they not just cash out at Bitstamp or BTC-e? I would offer to cash them out, but my fiats working in other places unless they could take credit card and I could do up to $4000 a pop which is a large buy.
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Estimates are around $666m right now, to do a 51% attack [1].
