Viewing a response to: @prufarchy/re-doitvoluntarily-new-bill-looks-to-keep-cryptocurrency-out-of-cannabis-shops-20170119t190513943z
There is, if the bank that issues the bitpay-branded card (it is not bitpay itself) refuses to process these transactions.
| post_id | 1,793,276 |
|---|---|
| author | smooth |
| permlink | re-prufarchy-re-doitvoluntarily-new-bill-looks-to-keep-cryptocurrency-out-of-cannabis-shops-20170119t220302700z |
| category | marijuana |
| json_metadata | "{"app": "steemit/0.1", "tags": ["marijuana"]}" |
| created | 2017-01-19 22:03:03 |
| last_update | 2017-01-19 22:03:03 |
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| cashout_time | 1969-12-31 23:59:59 |
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| body_length | 122 |
| author_reputation | 119,002,354,889,508 |
| root_title | "New Bill Looks To Keep Cryptocurrency Out Of Cannabis Shops" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
Hmmm, how about if the purchase is listed as "donation"... kind of analogous to how porn companies show up as "innocuous inc" on your statements?
| post_id | 1,793,321 |
|---|---|
| author | prufarchy |
| permlink | re-smooth-re-prufarchy-re-doitvoluntarily-new-bill-looks-to-keep-cryptocurrency-out-of-cannabis-shops-20170119t220931085z |
| category | marijuana |
| json_metadata | "{"app": "steemit/0.1", "tags": ["marijuana"]}" |
| created | 2017-01-19 22:09:30 |
| last_update | 2017-01-19 22:09:30 |
| depth | 3 |
| children | 3 |
| net_rshares | 0 |
| last_payout | 2017-02-19 22:57:57 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 145 |
| author_reputation | 72,258,491,181,307 |
| root_title | "New Bill Looks To Keep Cryptocurrency Out Of Cannabis Shops" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
That's between the shop and their merchant bank (which they may not even be able to get at all, which is one of the reasons these businesses often use cash). It may or may not fly, but the point being that ultimately the authority is given to a bank. By using cryptocurrency it removes banks from the equation, and removes the need for their approval. This is a very real difference between actually using cryptocurrency and using something like a bitpay card.
| post_id | 1,793,379 |
|---|---|
| author | smooth |
| permlink | re-prufarchy-re-smooth-re-prufarchy-re-doitvoluntarily-new-bill-looks-to-keep-cryptocurrency-out-of-cannabis-shops-20170119t221901500z |
| category | marijuana |
| json_metadata | "{"app": "steemit/0.1", "tags": ["marijuana"]}" |
| created | 2017-01-19 22:19:03 |
| last_update | 2017-01-19 22:19:03 |
| depth | 4 |
| children | 2 |
| net_rshares | 91,746,352,609 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "New Bill Looks To Keep Cryptocurrency Out Of Cannabis Shops" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| mattclarke | 0 | 91,746,352,609 | 100% |
Thanks for helping me see this issue more clearly. Can you see any way for BTC to sidestep this? Or is this a "wait for a free market response to a need" kind of situation? Because I have been very much hoping that there would be a crypto-mj marriage
| post_id | 1,793,404 |
|---|---|
| author | prufarchy |
| permlink | re-smooth-re-prufarchy-re-smooth-re-prufarchy-re-doitvoluntarily-new-bill-looks-to-keep-cryptocurrency-out-of-cannabis-shops-20170119t222313833z |
| category | marijuana |
| json_metadata | "{"app": "steemit/0.1", "tags": ["marijuana"]}" |
| created | 2017-01-19 22:23:12 |
| last_update | 2017-01-19 22:23:12 |
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| cashout_time | 1969-12-31 23:59:59 |
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| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
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| author_reputation | 72,258,491,181,307 |
| root_title | "New Bill Looks To Keep Cryptocurrency Out Of Cannabis Shops" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |