U.S.A. –-(Ammoland.com)- Cryptocurrency for guns and gun accessories on the internet is coming sooner than later. It is going to be us, as the gun community, to adopt gun-friendly cryptocurrencies before being forced into coins with baked-in gun control.
For full disclosure, I am an early adopter of TUSC (The Universal Settlement Coin). TUSC is a gun-friendly cryptocurrency designed with the firearms market in mind. I believe in the project, and I hope to see it succeed. I am invested in TUSC financially and time wise. I have used TUSC to buy body armor and other items. I think it is essential that the project succeeds.
I also believe in TUSC because it overcomes some of the shortcomings of coins like Bitcoin.
Bitcoin takes at least ten minutes to process. Sometimes it takes longer. When you buy Bitcoin from an exchange like Coinbase, and it shows up instantly in your wallet. But it isn’t really there. Coinbase is fronting you the Bitcoin until the transfer is complete. Also, the higher the traffic, the higher the fees.
The processing time of Bitcoin cannot be changed because of block size limitations and other technical shortcomings without a “hard fork,” which basically means that a new currency would be formed. Projects like TUSC have a fixed transaction fee and a max of three-second processing, making it more suitable for retail. Think of Bitcoin as digital gold. It is an investment. In the online gun retail world, we need to find something that is meant for retail.
It should come as no surprise that banks and credit card companies will eventually block their customers from using their services to purchases firearms and firearms accessories. Under Obama, the Department of Justice launched “Operation Choke Point.” That underhanded technique put pressure on the financial institutions to consider firearms companies as “high risk,” which pushed many credit card processors away from dealing with the gun world.
With Biden in office, we should expect a return of an “Operation Choke Point” like move by the Department of Justice.
The Biden administration will likely push their back door control measure further than Obama ever would have dreamed, which brings up the idea of cryptocurrencies.
Most people think of cryptocurrencies as an anonymous form of payment. This feeling of being unknown isn’t exactly the case. These “coins,” such as Bitcoin, run on blockchain technologies. What this is mean is that everything is done through distributed processing of transaction on a ledger. That means you can tell what comes in and goes out of a wallet. There is a way to move coins through “alt-coins” to become anonymous, but that is beyond the scope of the article.
Blockchain is a good thing because there is no way to stop someone from paying in cryptocurrencies. But there is also a downside. Blockchain can also be used for gun control. It isn’t even theoretical anymore, and we see such coins like Safeshield Coin emerge on the market.
One way gun control advocates can cryptocurrencies is by attaching a coin to each firearm. Every time you sell a gun, the coin would be transferred to a new owner. This required transfer would keep a record of every sale. It would be a gun registry using blockchain technology. Companies are already working on these types of technologies.
Safeshield is one of the big players emerging on the Cryptocurrency front for guns.
This cryptocurrency is a project of SYK Holdings. The company also owns the Dept of Arms, which is a gun shop. The company claims to be protecting our rights by compromising them away at the same time.
The company wrote on its Twitter feed: “Being hated because we are trying to provide a means for gun control while not infringing on the second amendment is the most cancel culture thing ever.”
Being hated because we are trying to provide a means for gun control while not infringing on the second amendment is the most cancel culture thing ever.
Better gun control is needed. However, infringement upon American rights is not.
SafeShield is not the enemy. pic.twitter.com/YhX0MRqRJN
— SafeShield (@SafeShieldUS) April 26, 2021
To understand the controversy around Safeshield Coin, we need to look at what it does. The coin will keep a registry of all sales. The FFL information, the buyer, the serial number of the firearm, and all data will be stored on the blockchain. It is a distributed gun registry. Also, the goal of the coin is to run daily background checks on the gun owner. If a red flag is raised during these checks, law enforcement will be notified.
This development of gun control coins is the danger of not adopting a cryptocurrency that protects privacy. With Big Brother putting pressure on banks and credit card companies to stop online sales, it is time to embrace the technology before the anti-gun lobby or those willing to compromise our rights force something down our throats.
I tried multiple times to reach out to Safeshield Coin about their coin, but they never responded to my attempts.
About John Crump
John is a NRA instructor and a constitutional activist. John has written about firearms, interviewed people of all walks of life, and on the Constitution. John lives in Northern Virginia with his wife and sons and can be followed on Twitter at @crumpyss, or at www.crumpy.com.
the phrase cash is king is no longer the rule try to spend 20,000 cash they want to know where it came from three forms of id and gold has its own problems but less so than cash what I am waiting for is sunspot activity like what happened in the 70s put power out across the midwest and the pacific repairs took days with simple grid wonder what that does to the internet not everyone uses a faraday cage so there are a lot of things that will stop working
From my understanding what happened to the grid at the time can’t happen again due to the upgrades in the system that were fast tracked after that happened. You’ll be waiting forever. Faraday cages have their place but really the only threat they are protecting electronics from these days are an EMP. While a faraday cage is cheap insurance against such a situation and a good idea it’s also something that has an extremely low chance of happening without a nuclear exchange between super powers. In that instance we are figuratively and potentially literally, toast.
Funny I just seen where pipeline was hacked. This couldn’t happen to electric companies ? And then another article where cryptos were stolen. Really ? Not all hackers will return your funds. As the article stated, “Being hated because we are trying to provide a means for GUN CONTROL while not infringing on the second amendment is the most cancel culture thing ever. Better GUN CONTROL is needed. However, infringement upon American rights is not. Gun control is a infringement on rights WTF ? But by all means you do you. I will not buy a virtual money made from… Read more »
i saw nothing wrong w/cash, and still see nothing wrong with it. What concerns me about the invisible money,is when the Gov. gets on the train,well see a 'fee' of $.90 on the dollar. I always figure what ever the Gov. does to 'help',or 'solve',or 'fix' will only make things worse and take more money and or freedom away from us. So, I invest accordingly in commodities w/thousands of years history as medium of exchange. Others are welcome to the 'digital' currencies, Ill pass. If I have to use the digital stuff someday,I`ll not loose money when I sell to… Read more »
What we see going on in the world today with money is getting the world ever closer to the day when; “No man might buy or sell, unless he has the mark or name of the beast or the number of his name.” Revelation 13:17 The technology is already in place, all it is needing is the authority of the beast to give the order that activates it and every person on the planet will have to make the choice to have it implemented on their body. What is the mark? it is an image, a stamp, a brand or… Read more »
All good points, and it is true, no man knows the hour. But the Lord didn’t leave us in ignorance, He gave us descriptions of what to look for and expect as we see the time draw near. It has been said that the things spoken of have happened in times past which is also true. But, there is one difference now that set the time in motion for the events happening to point toward the final time. That event happened 73 years ago, Israel became a nation in one day, just like the scripture said it would. Jesus said;… Read more »
The one huge event that you forgot to mention, or that I might have missed in your comment, is the rebuilding of Herod’s Temple, also called the Third Temple. That Temple must be rebuilt so that the Antichrist can physically enter it and declare himself to be God in the flesh and demand worship. It is that specific event that is the turning point in human history. When that happens it is after this event that the catching up, AKA The Rapture can take place, please see 2 Thess. 2. This is the main event that I am keeping my… Read more »
The Ezekiel 38 battle will be the next big event in the middle east. It is after that battle the seven year peace treaty will be signed, also, the islamic jihadi’s will be fighting all over the world thinking they are going to win the war going on. With a peace treaty signed Israel will be free to build the temple you mention. Islam in the meantime in the middle east will die as those who survived the battle against Israel will tell the folks back home what happened to the other 5/6ths of the soldiers on the hills of… Read more »
My other reply wasn’t approved, maybe they think we were getting off topic but it wasn’t. Perhaps the topic is about getting people to invest in the topic. To me, investing in something that can only be found on an electronic page and can be gone in the click of a mouse without a trace at the disposal of who ever is in control of the mouse isn’t something I would be interested in. Maybe they don’t want us old folks to talk about other things that interest us on their site, but as we live in different places in… Read more »
A few of the apostles lived into their 60’s and John, who wrote the Revelation, was in his 90’s and lived for a few years after he returned from his island prison. I take the scriptures as meaning the generation as being 72 years as mentioned in the word. Sometimes it takes longer than the years mentioned as a generation for all of that generation to pass. It is easy to believe one generation from Israels new birth as the events that started happening from May 14th, the day in 1948 that it happened. The very term; “born in a… Read more »
I trust no electronic currency. If my plastic is no good I have cash. When cash goes away I can barter. After that, well there are ways.
Remember electronic currency is dependant on a working internet, electric power, and distant servers. Cash or metals is not.
Your points are well taken! However there is one major flaw in your thinking: sooner rather than later, the US government will outlaw the use of cash for transactions by simply ceasing to produce it. They will transition all bank accounts to 100% digital currency: your debit card will also be your personal information card, your health history information card, everything pertaining to your life will be on that card with that chip. They will sell it to people because it will cut costs from the government because no money will be lost in producing hard currency; which does in… Read more »
Dont need no stinking cash to buy anything within my reach. Dont need the internet, common carriers, or government involvement. Take lessons from those who survived Bosnia. Bartering is as old as man. So is working off debt. Booze, cigarettes, medical supplies, even food carries high intrinsic value when currency is worthless. And by the time US currency is worthless and a social credit system is in place with govt issued debt cards the US will be like the Balkans were. So Im not worried one bit. Millions today operate in an underground economy avoiding income taxes and government knowledge… Read more »
Lead is king.
All cryptos are BS, if you have nothing to hide. Cash is king and should remain king.
Except for one itsy bitsy problem: first world governments will Outlaw cash sooner rather than later: it is expensive to produce, it doesn’t last nearly as long as they need it to last before making more, and cash gives a level of freedom and discretion to individuals governments will no longer allow. This is why the move to credit cards and debit cards was used to transition people away from cash and towards non-hard currencies: getting people used to being controlled using digital currencies. According to the US Treasury at any given time there is only 10% hard currency in… Read more »
You say that as though paper dollars are hard currency. It is just paper and only worth what people are willing to trade you for it.
Maybe so but it IS the only financial freedom Americans have right now. I would also include precious metals, but few people use them to buy products.
Or, one could just buy physical gold or silver! Always acceptable to merchants, takes one second to hand over (instead of minutes, hours… or NEVER) and is always available for your use, regardless of power or internet outages. And is automatically in limited supply since it must be located, mined, and refined… unlike cryptocurrencies which are unlimited in quantity, unless the creator artificially limits the quantity in some temporary regulatory fashion.
Kind of tough to use hard currency to order anything remotely. Internet provides incredible retail efficiency and asset liquidity. At any time of night or day one can easily find and compare merchants around the world for a bewildering array of products- as well as research those products and read reviews of both merchants and products. If you are bartering precious metals, you are limited to purchasing from merchants you (or proxy) can visit for the actual purchase. Pricing info off the net could be used in negotiations, but merchants are not required to price match and are unlikely to… Read more »
then you convert the hard currency, but only in the amount needed to buy online. back in the day, a $20. dollar gold piece would buy a Colt Peacemaker. To-day, it still will. I rest my case.
That is how I order anything online. Cash on debit card, order item, cash out any excess balance on card and destroy. And I’ve never had to deal with identity theft or etc. Obviously.
The Russian River and the American River used to be two absolutely outstanding places for dredging and high banking both by Hobby miners!
Up around Bend Oregon is another great spot for dredging and high banking!
Because of my severe physical limitations due to horrifically bad health these days, the best I can hope for is to one day be able to afford a minelabs metal detector and start detecting along creeks feeding such Rivers, always looking for caliche and Black Sands!
Cheers from the oil patch in Central Wyoming
How do I know your gold is what you say it is? I’ll have to get my chemist to assay it…
Anytime physical gold changes hands, it becomes questionable.
In today’s world of 29 dollar digital scales, anybody can dangle a coin in a glass of liquid and determine the items exact specific gravity.
Scammers are out there even pawning knock offs of graded coins. Ebay bad for that & I’m sure other sites.
@John Dunlap Crump – How do they think their crypto currency would track a firearm? I can understand that they record who initially bought it from “Dept of arms”, but what then? Any owner in chain of possession can give it away, barter/trade it off, or sell for cash, check, or whatever. Even if it is sold for safeshield crypto, how are they not dependent upon being informed what is being sold? I thought anonymity was one of the biggest selling points for crypto. If one must report transaction details, isn’t effect the exact opposite? Paying cash provides complete anonymity… Read more »
“I thought anonymity was one of the biggest selling points for crypto” That is indeed the lie that they try to sell us on. Meanwhile, back in reality, the blockchain records EVERYTHING that has ever been done with that bitcoin since the day it was created! That is what they mean when they say: “Blockchain Technology”. That the chain of possession and all trades are recorded, and updated every time any part of a bitcoin changes hands. That is why the block chain gets ever longer, the longer an individual bitcoin exists, and also why some transactions take longer than… Read more »
I hate to say it but it’s the internet that’s causing all this trouble. All of this infringement wouldn’t be possible if it were shut off.
There was no internet in 1934 when our rights took a MAJOR hit! You forget the “reasonable” infringements previous generations imposed upon us! I WANT MY MP5SD!!!!!GOTDAMUT!!!!!
I don’t forget them at all. But they pale by comparison to the collective effectiveness of financial institutions having the ability to cripple a business or an entire industry without going through any legislative process. Gunsite Academy or RMR Bullets suddenly having their ENTIRE accounts payable balance held hostage. 4473 data being sent outside the country for use by rogue government agencies, blockchain technology being considered to track weapons ownership. None of this can occur unless the internet is there to facilitate it.
VS
The internet can not be used to keep you from drilling that third hole.
So crippling an an “entire industry” (as if) through the legislative process would be ok? Gunsite and RMR are doing business presently. Rogue government agencies are unable to send information without the internet? All this pales in comparison to me no longer being allowed to walk into the hardware store and by a select fire fully suppressed pistol?!?! Where do you live? Put your money where your mouth is, SMASH YOUR COMPUTER! LOL!!!!
More likely you should worry about the feds monitoring your posts on this site. Been advocating for insurection? They have been rounding the active advocates of “insurrection” lately.
Whoopy do not hard to find. lol
John Crump, Overwhelmingly I like your articles and enjoy your style of writing. However, on this article you really dropped the ball big time! There is clear evidence of a severe lack of proofreading and editing your article. I don’t know whether you were tired, overworked, had too many things going at the same time, etc, but you left out words you needed and put words in that shouldn’t have been there; all of which led to a less than enlightening article! I’m a writer myself and I understand how easy it is to make these mistakes. However, proofreading before… Read more »