Thread: Bitcoin 101
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Old 01-15-2024, 08:18 PM
MatthewKlein MatthewKlein is offline
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Join Date: Aug 2011
Location: NW Illinois - The Great Cornifield Wasteland
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Quote:
Originally Posted by JLMounce View Post
Guns are always a hot topic, but it’s a good example. There is already ample evidence that payment processors and banks are cutting down on legal purchases of guns and ammunition because of a political agenda. So what do you do if you’re a gun shop owner and now your livelihood is at risk? You can accept payment from a crypto currency like Bitcoin. Because it’s decentralized, there’s nobody that can say no to the transaction.
How would a gun shop owner launder bitcoin payments from frowned upon gun sales

Owner of the shop needs dollars to pay the mortgage, utilities, gas, food. If there is an audit he's got to explain its origin