I'm starting up a decentralized governance for digital gun assetization. Please read more

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GunChon112

GunChon112

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I'm starting up a decentralized governance for digital gun assetization. The main purpose of this is to create a FMV system for gun sales. Before you get into to reading this too deep It is important to know what I am making is not a tracking system for guns, its more like a carfax for guns using NFT technology to digitally assetize your guns, like a title to your car.
I can REALLY benefit from your help in taking a 5 minute survey so I can see if this is something people would be interested in using. Below I will have a full explanation of the product and then a link to take the survey.



Good Day,
I am conducting market research for a blockchain tech startup that would revolutionize the way guns are sold at all phases from B2B, B2C and C2C. As a person/company having a market share in gun sales we value your feedback as it would help us to determine the success of our project.

The Pitch,
Most firearm sales that take place in the private market lack much needed information about what a buyer is purchasing. We believe that we are poised to change that and make gun sales a more trust-less environment by minting Non-Fungible Tokens or NFTs for short. They would be used to document a firearms sale from one owner to the next starting from the ground level. Owning firearms is an American right of citizenship and we aim to keep all private information just that, private. On our NFTs it will only contain pertinent data that would adjust FMV such as amount of owners and gun condition.

About the NFT,
NFT, or a non-Fungible Token is a digital mark or intangible item that is used to reserve or protect a digital art piece, photos, or source of information for which the creator wants to protect ownership rights by means of serialization through single or multiple tokens. NFTs can be minted as a means of containing publicly know information in such the way that you can look at public records using the freedom of information act.

Consumer 2 Consumer
In most, if not all cases these days a buyer purchases a used firearm solely by relying on photos and communication from a current owner. If a buyer or seller were able to provide a timeline of ownership stating previous number of owners and pertinent information such as condition, modifications and finish type a buyer would be more likely to make a purchase. This would also create a better know FMV when taking in consideration the firearms background and conditioning.

Business 2 Consumer & Business 2 Business
Firearm manufacturers would highly benefit from Blockchain technology by building a firearm life cycle exhibiting durability and reliability over the years. Think of it in the same way that Toyota vehicles are sought after for their reliability and higher resale value versus other manufacturers. Consequently, it could potentially harm the resale value by having a poor product history of reliable firearms in circulation; in this case think of GEO motors which are no longer manufactured. If not for some means of traceability with motor vehicles dating back to the 1970’s we would not know which manufacturers produced the longest running cars/trucks on the roads today. Another example is GM and Ford’s sales tactics utilizing obsoleteness to generate more sales by selling vehicles that were designed to fail early. This eventually backfired and tarnished their good name. American car manufacturers lost the trust of many would be American car owners to the foreign manufacturers that focused on hard wearing reliability. Hindsight the American vehicle manufacturers realized their mistakes and once again they are known for making the best trucks and cars available, unfortunately the resale value for cars have never recovered in the way American made trucks have.

For us to better understand the potential of this project it would be very helpful if you would complete this 3 minute survey.



*if the link does not click open copy and past this in your browser: https://freeonlinesurveys.com/s/NoLcH1xm



Thank you for your time and feedback. If you have any interest in our project and would like to know more or if you’re interested in investment opportunities please don’t hesitate to contact me.


Best Regards,

Christian Cortez
 
Tell me what you think and if you are in the Central Florida area and want to meet up to learn more and think you can help in any way than please message me.
 
Navy87Guy said:
A much simpler solution would be to make it possible for the average person (seller) to be able to access the system and do a background check on a potential buyer.
Click to expand...

What would keep the average person from running background checks on other random people, say for business or personal reasons ?
 
I've read the OP three times and still cannot come up with a single reason why I would want an NFT tag on any gun I bought or sold. It literally has no value to me whatsoever.

But I do have several reasons NOT to utilize such a system:
About the NFT,
NFT, or a non-Fungible Token is a digital mark or intangible item that is used to reserve or protect a digital art piece, photos, or source of information for which the creator wants to protect ownership rights by means of serialization through single or multiple tokens. NFTs can be minted as a means of containing publicly know information in such the way that you can look at public records using the freedom of information act.
Click to expand...
All firearms have been required to have serial#'s since 1968. Using NFT's to track information as to previous buyers? OH HECK NO!
ATF already can do that to the point of the first retail sale by a dealer. While you think it valuable, nearly everyone else would think it intrusive.

Consumer 2 Consumer
In most, if not all cases these days a buyer purchases a used firearm solely by relying on photos and communication from a current owner. If a buyer or seller were able to provide a timeline of ownership stating previous number of owners and pertinent information such as condition, modifications and finish type a buyer would be more likely to make a purchase. This would also create a better know FMV when taking in consideration the firearms background and conditioning.
Click to expand...
Horsehockey. You buy the gun, not the story. I don't care how many previous owners that gun had or what they did to the gun.....I'll either choose to buy/not buy based on what I'm holding in my hands.


Business 2 Consumer & Business 2 Business
Firearm manufacturers would highly benefit from Blockchain technology by building a firearm life cycle exhibiting durability and reliability over the years. Think of it in the same way that Toyota vehicles are sought after for their reliability and higher resale value versus other manufacturers. Consequently, it could potentially harm the resale value by having a poor product history of reliable firearms in circulation; in this case think of GEO motors which are no longer manufactured. If not for some means of traceability with motor vehicles dating back to the 1970’s we would not know which manufacturers produced the longest running cars/trucks on the roads today. Another example is GM and Ford’s sales tactics utilizing obsoleteness to generate more sales by selling vehicles that were designed to fail early. This eventually backfired and tarnished their good name. American car manufacturers lost the trust of many would be American car owners to the foreign manufacturers that focused on hard wearing reliability. Hindsight the American vehicle manufacturers realized their mistakes and once again they are known for making the best trucks and cars available, unfortunately the resale value for cars have never recovered in the way American made trucks have.
Click to expand...
False premise. Your system wouldn't add a bit of reliability or boost consumer perception of any product. There's ths thing called the internets or enterwebs where gun collectors, shooters, hunters and others freely discuss the issues great and small of every firearm ever manufactured. Your NFT tag isn't going to change that.
 
Sure sounds like a bunch of totally nonsensical and utterly useless gibberish to me. I mean Non-Fungible Token...Blockchain technology??? Who talks like this anyways???

Actually I'm still stuck in the last decade trying to come to terms with Microstamping and Smart Gun technology!
Now you're trying to foist "a decentralized governance for digital gun assetization" on me!

All I care about is does it come in a 9mm. and how much are the spare mags!
 
So the pitch seems to be the use of a blockchain encrypted system (which I know nothing about) to document the history of a gun from date of manufacture or maybe first sale/owner, all the way to the present owner. The idea being this allows a prospective buyer to know the history of the gun for valuation purposes.

The thing is, If I buy new I expect good quality and manufacturer service if something is wrong. If I buy used I expect the seller to be forthcoming about any defects, knowing full well caveat emptor. I just don't see a lot of upside to a digitized system (or any system) for tracking guns as property with a service record, and a whole lot of potential downside. The value proposition isn't there, and isn't likely to get better over time as manufacturing methods and materials science improves.
 
This is an awesome idea! We must protect this IP immediately. I suggest this-

Step 1) Take this idea and save it as a document file on a thumb drive or other solid data medium.
Step2) Coat said thumb drive in a protective, air-tight grease. I recommend petroleum jelly.
Step 3) Find a secure storage tube, free from UV and natural sunlight, preferably secured by a closely-fitted orifice seal.
Step 4) Insert the lubricated data media deeply in the tube, and seal tightly.

:scrutiny:
 
Last edited:
1. A tracking system....No thanks.

2. A system that relies on persons being honest about the condition of a firearm and what they’ve done to it to modify it....Thats usually in the description of the firearm being sold.

Use any modern technological terminology you want. At the end of the day, and by your own admission, it’s a tracking system. And you chose the wrong group to make that pitch to.
 
@GunChon112 I appreciate your endeavor but you have got an uphill battle ahead of you, to say the least.

Stick around here, and other firearms fora, for a while and observe.

Firearms owners tend to be older, less tech savvy, and much more "individualist", shall we say, than the average punter. By which I mean, many will have no idea what you are on about, will have no interest in finding out more, will be deeply distrustful of the technology and your motives, and will become aggressively disinterested if pushed harder.

I wish you luck.
 
DocRock said:
@GunChon112 I appreciate your endeavor but you have got an uphill battle ahead of you, to say the least.

Stick around here, and other firearms fora, for a while and observe.

Firearms owners tend to be older, less tech savvy, and much more "individualist", shall we say, than the average punter. By which I mean, many will have no idea what you are on about, will have no interest in finding out more, will be deeply distrustful of the technology and your motives, and will become aggressively disinterested if pushed harder.

I wish you luck.
Click to expand...
This, exactly...

Maybe try it with Legos, those kids will want to know who lost so many. Lol
 
A national database for every firearm? What a concept.
Put it on the internet so everyone has access.
So, when the government starts using this data?......

How about this - Caveat Emptor
 
I don't know or understand your abbreviations . I don't like or understand your idea. If you or anyone wants any sort of information about me or my firearms, they'll have to give me a very good reason to comply - it would probably have to start with peeling my eyelids off and putting flaming bamboo under my fingernails. Never gonna happen.
 
GunChon112 said:
It is important to know what I am making is not a tracking system for guns, its more like a carfax for guns using NFT technology to digitally assetize your guns, like a title to your car.
Click to expand...

What do you think a vehicle title is? It’s a government document that ties an individual to an asset to prove ownership. That sounds a LOT like a registry.



One of the problems with distributed ledger systems is that a large number of people have the records and it is usually not really anonymous unless significant steps are taken.

Additionally one of your stated goals is to allow analysis of some of the pieces of information within each block (how else do you get reliability and value info?). That means you’re not encrypting the whole block, just some parts of it.

You also have to find a way to prevent metadata analysis. For example, if I know that some person at a specific IP address just updated a block, I know that they have a gun. As I continue to track, I can see how that persons collection changes based on how many updates they make. I’ll stop there, but you can get really deep on this type of stuff to the point where you don’t even have to break the encryption to know what’s going on. Come to think of it, if you’re not encrypting make/model within the block, I’ll know exactly what kind of weapons are at the address tied to that IP.

I assume that within the block, you’re going to have names/addresses/SSNs of all owners and the make/model/SN of the weapon. How do you plan on making it so that a potential buyer can see the information, but the info is otherwise protected from unauthorized individuals?

On a separate note, if I sell a gun, I don’t want all the future owners to have all of MY personal information.

Ok, so beyond the fact that you’re making a gun registry, what benefit do gun owners get as a result of joining? It presumably relies on self-reported data, so someone trying to hide a defect just won’t upload that information. We already have a fairly good way to find market price of a particular firearm (auctions are almost the definition of the “price the market will bear”).

Regarding reliability, we have a fairly good handle on that too. Reviews and discussion forums are great for this type of information. There’s also the fact that the VAST majority of gun owners don’t shoot all that often. The person who has a gun in their sock drawer for “just in case” isn’t out shooting every weekend. That gun will be lucky to see 50 rounds in its lifetime. Same with some guys who hunt deer. A box of just 20 rounds will last some people multiple years.

On the other hand, people who do actually shoot a lot already know what types of guns/manufacturers they need to use and what they need to avoid. Having a program tracking every gun that analyzes failure rate by manufacturer / model won’t be useful.

In short, I see no benefit and significant downsides to this system. Blockchain tech is cool, but there’s a lot of people trying to shoehorn this technology into places where it doesn’t provide any benefit. This is one of those cases.
 
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