BitMags.com – Bitcoin Enabled Auction Site

BitMags

If you are looking for a way to spend your hard-earned Bitcoin, take a gander at BitMags.com. BitMags.com is a new website that claims to be the “the first and only escrow-enabled Bitcoin firearms auction website where users can buy and sell guns and related items for Bitcoin.”

According to the site’s FAQ, Bitcoin is the only currency allowed. It will be interesting to see if there are enough Bitcoin users who want to buy & sell firearms online to supportĀ the BitMags auction site. At the time of this writing, there appear to be less than 20 auctions currently happening on the site.

One thing to note for anyone selling on the site is that there is a mandatory escrow system in place. The owners of BitMags.com are the absolute arbiters of any dispute. They state specifically:

If there is a problem and the two parties can not reach their own resolution, the BitMags admin will decide the outcome. The admin decision is final.



Richard Johnson

An advocate of gun proliferation zones, Richard is a long time shooter, former cop and internet entrepreneur. Among the many places he calls home is http://www.gunsholstersandgear.com/.


Advertisement

  • USMC03Vet

    Oh, boy.

    Just what internet firearms needs. Criminal currency involvement. I give this domain about a month before it’s shut down. I wouldn’t trust anything reigstered to “Domains By Proxy, LLC” especially since there is no legit contact information for the domain.

    • If you believe Bitcoin is any more of a “criminal currency” than good old cold hard cash is, then you don’t truly understand how it works.

      Also, it’s very common to register domain names under proxy. This doesn’t prevent law enforcement from obtaining personal contact info in the least! It simply means it’s not publicly available (for spam bots to retrieve).

      • USMC03Vet

        It’s a criminal currency created by criminals.

        You have be be either deeply invested in it’s success or use it yourself to fill whatever illegal want you got going on in your life to even attempt to portray otherwise.

        As for a supposed commercial business having zero actually contact information other than a standard web contact form that’s internet for idiots 101 scam indicator. The only domains that do type of thing are fronts for criminals, but since it’s bitcoin I guess it makes sense.

        The mere mention of such a obvious scam domain using an even shadier currency on TFB is disheartening to say the least.

        • jimmy

          You realize that the legal business entity is displayed at the bottom of each page, right? Wow, you really need to learn to read before you respond. All of the business contact information is easily found by looking up bitmags, llc.

          • USMC03Vet

            Clicking on bitmags LLC results in ZERO information on their domain. Not only does it just redirect you to the main page, but the about us section is void of anything, and on top of that you cannot contact them via any legitimate business method nor does it state where said business is located.

            You either work for Bitmag and/or have serious issues with reality.

        • Bitcoin transactions aren’t anonymous. On the contrary, all transactions are publicly available. A fine upstanding citizen such yourself can download the blockchain right now. Anyone with the know how can examine it and trace transactions back to users. The FBI has a very extensive database of users. Again, if you believe it’s a “criminal” venture, you don’t understand how it works. Criminals use cash…does that make the US Mint a criminal enterprise?

          As far as my being invested, not at all. Currency is currency to me, I’ll take it in any way I can get it as long as I can trade it for something else of value. I’m a techie, as well as a programmer with over 15 years of experience. The code behind it is extremely interesting to me.

          Knowing how it works, if I were a criminal I’d avoid Bitcoin like the plague! There are other cryptocurrencies that are far more secure such as Darkcoin or Monero.

        • Brill

          To suggest that any currency is criminal is utterly moronic. It’s equivalent to calling guns criminal tools. It’s a currency. It can be used for legal purposes, or illegal purposes. It seems like you just fear that which you do not understand.

    • Paul S.

      Criminal currencies. Is that like terrorist rifles?

      • USMC03Vet

        Except it is a criminal currency created by criminals for criminal activity.

        Those are the facts. There is no shortage of information regarding the numerous scams and illegal activity from it’s founders to it’s exchanges.

        • Yeah…because people don’t do anything illegal at all with regular cash!!!

        • Brill

          The stupid is strong with this one. If anything, the dollar is a criminal currency.

    • Really

      Really? If you simply look at the copyright at the bottom of the website, you will see that it is run by a United States LLC called “Bitmags, LLC”. The owners information is all publicly visible.

      • USMC03Vet

        http://www.bizapedia.com/ak/BITMAGS-LLC.html

        You really believe that information?

        I got a Brooklyn Bridge I want to sell you for a good price.

        • Bitmags, LLC
          is an Alaska Limited-Liability Company filed on July 18, 2014. The
          company’s filing status is listed as Good Standing and its File Number
          is 10022356.

          The
          Registered Agent on file for this company is Bryan Earl and is located
          at P.o. Box 870218 Wasilla, AK 99687. The company’s principal address is
          420 S. Colony Way Palmer, AK 99645 and its mailing address is P.o. Box 870218 Wasilla, AK 99687.

          The company has 1 principal on record. The principal is Bryan Earl.

      • He’s not understanding that you can look up info on any LLC, as it has to be filled publicly.

  • Dogecoin

    If the credit card processors and banks block gun sales and they have, Bitcoin and other crypto currency’s ( there are about 70 different currency’s ) are a good work around.
    Due diligence and research before signing up, there are good companies in Bitcoin exchange.

    • John

      The vast majority of those 70 different cryptocurrencies you talk about are currently abandoned pump and dump schemes.

  • John

    They’re a bit late to be cashing in on the bitcoin Ponzi scheme…I mean craze.

    • USMC03Vet

      Somebody gets it.

    • skusmc

      If you’re using bicoin as an invetsment you’re doing it wrong anyway. All its designed as is an anonymous online alternative currency. It. gaining in value wad just considered a bonus to most users.

  • Zachary marrs

    Can I use tor with it? I need more websites that I can read with my guy fawks mask on

  • JM

    Lol not the first, nor the only. This type of website has been on the deep web for years.