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Now you can buy a computer-powered rifle on the Internet with Bitcoins

Ian Paul | March 28, 2014
Texas-based TrackingPoint is now accepting Bitcoin for weapons purchases. It's not the first time you could buy guns with Bitcoin, but it might be the first time you could do it legally.


Buying a weapon with Bitcoin used to mean visiting the seedier realms of the Internet, such as the now-shuttered Silk Road and its various clones. But now you'll finally be able to trade Bitcoin for a rifle on the up-and-up. Texas-based TrackingPoint said Thursday that customers could now purchase all of the company's products with Bitcoin.

TrackingPoint's claim to fame is its Linux-powered precision guided firearms, which TechHive got a peek at in January during CES.

Like many other Bitcoin-accepting companies--such as and TigerDirect--TrackingPoint isn't handling the Bitcoin transactions itself. Instead, the company will farm that work out to Coinvoice, a Bitcoin payment processor.

TrackingPoint's firearms use computerized systems to account for a variety of variables involved in shooting such as range, wind, shot angle, and so on. The end result, the company says, is more accurate shooting even if you're a novice.

In addition to its precision targeting system, the smart rilfe we saw at CES also had a 14-megapixel video camera and a 110mm telephoto lens for recording and streaming live video during the hunt.

All those high-tech features cost a pretty cryptocoin, though. TrackingPoint firearms have a starting price around $10,000, which translates roughly into 18 Bitcoins at current trading rates. The rifles are geared towards sport hunters, military and law enforcement.

On Guns and Bitcoin

But is it such a good idea to allow people to use a pseudo-anonymous currency like Bitcoin to buy high-tech firearms that could turn anyone into a master shot?

TrackingPoint says it requires all its customers to fill out an application before purchasing. Customers must also pick up their firearms in person from a federally licensed firearms dealer where they go through a background check, a company representative told TechHive.

From a business perspective, adding Bitcoin payments could be a very smart move for TrackingPoint. High-tech weaponry is likely to appeal to geeky types who are now flush with Bitcoin after getting in on the crypto-currency mining craze several years ago.


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