'100 BTC ATMs land in Australia' | Bitcointalksearch.org

Notanon

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Quote from: BitWulf on February 12, 2014, 02:50:00 PM

Currently, what is the best way to acquire or sell coins from in Australia?

Coinjar.io, BTCMarkets and WeExchange are the main local exchanges. Have used Coinjar to acquire BTC, but BTCMarkets and WeExchange give you the option to also acquire Litecoins. You need to provide ID for all of them, as you would with Mt.Gox et al, but I suspect they would be less likely to be targeted by DDOS attacks compared to Gox and co.

hilariousandco

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Quote from: BitWulf on February 12, 2014, 02:50:00 PM

Currently, what is the best way to acquire or sell coins from in Australia?

Use localbitcoins or try sell them on the forum here, just use escrow.

BitWulf

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Currently, what is the best way to acquire or sell coins from in Australia?

vokain

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Quote from: bitcon on February 12, 2014, 02:15:46 AM

Quote from: HairyMaclairy on February 03, 2014, 01:48:49 AM

Quote from: Cluster2k on February 02, 2014, 08:24:03 PM

Quote from: HairyMaclairy on February 02, 2014, 07:09:20 PM

If they go off the Gox price like some other dubious operators in Australia then they will be useless.

Useless? I hope they do follow Gox's price. Buy bitcoins on another exchange and then feed them into the ATM that uses Gox's price. Instant profit.

Most bitcoin ATMs are one way. They sell bitcoins but don't buy them. Imagine having to stand in front of an ATM for even three confirmations when the miners take 70 minutes to find a block (happens all the time).

Which incidentally is a serious time delay problem for bitcoin generally don't know how that is going to be resolved unless you take the risk of zero confirmation attacks.

the ATM are most likeley selling pre-confirmed bitcoins. your rationale is like saying "fiat ATMs will never work! do you realize how long we'll have to wait for the machine to print our money?!"

he means that it takes time to verify the bitcoins you sell to the machine/the machine buys from you

bitcon

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Quote from: HairyMaclairy on February 03, 2014, 01:48:49 AM

Quote from: Cluster2k on February 02, 2014, 08:24:03 PM

Quote from: HairyMaclairy on February 02, 2014, 07:09:20 PM

If they go off the Gox price like some other dubious operators in Australia then they will be useless.

Useless? I hope they do follow Gox's price. Buy bitcoins on another exchange and then feed them into the ATM that uses Gox's price. Instant profit.

Most bitcoin ATMs are one way. They sell bitcoins but don't buy them. Imagine having to stand in front of an ATM for even three confirmations when the miners take 70 minutes to find a block (happens all the time).

Which incidentally is a serious time delay problem for bitcoin generally don't know how that is going to be resolved unless you take the risk of zero confirmation attacks.

the ATM are most likeley selling pre-confirmed bitcoins. your rationale is like saying "fiat ATMs will never work! do you realize how long we'll have to wait for the machine to print our money?!"

Notanon

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http://www.australianbitcoinatms.com.au/ Apparently, they will involve the use of biometrics and scanned IDs as security measures. Bit mixed about the ID part, but I guess that given you can buy BTCs at the ATM, perhaps it might be a regulatory requirement.

They'll be installing at least one in Perth and Brisbane next month, not sure about Adelaide. Guess Hobart, Darwin and Canberra would follow after that, and maybe some other places like Newcastle and Cairns.

BitchicksHusband

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Quote from: notme on February 03, 2014, 02:02:21 AM

Quote from: HairyMaclairy on February 03, 2014, 01:48:49 AM

Quote from: Cluster2k on February 02, 2014, 08:24:03 PM

Quote from: HairyMaclairy on February 02, 2014, 07:09:20 PM

If they go off the Gox price like some other dubious operators in Australia then they will be useless.

Useless? I hope they do follow Gox's price. Buy bitcoins on another exchange and then feed them into the ATM that uses Gox's price. Instant profit.

Most bitcoin ATMs are one way. They sell bitcoins but don't buy them. Imagine having to stand in front of an ATM for even three confirmations when the miners take 70 minutes to find a block (happens all the time).

Which incidentally is a serious time delay problem for bitcoin generally don't know how that is going to be resolved unless you take the risk of zero confirmation attacks.

Or, you know, a QR code that you can redeem later at the same ATM. Perhaps you even print one out after you send the bitcoin from home via the web interface.

That would be ideal.

GigaCoin

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Giga

Quote from: YipYip on February 02, 2014, 10:05:09 PM

100 ...lolz

Talk about a bit of an exagerration

If i can read through the lines we are talking about 2

1 Melbourne
1 Sydney

Good for promotion dont really see them making any money @ the moment in Australia

Anyways good luck with that Wink

another press release mentioned every single city in Australia, they basically plan to dominate the Australian Bitcoin Market, lot of money backing them up apparently. They also plan for Asian countries.

You have to keep in mind that business environment in Australia is extremely expensive (to setup, hire and operate) so scenes like this were a single fully loaded entity swallows an entire sector is very common in Australia (unfortunately), some major sectors like retail & telecom for example are pretty much monopolized by a few players.

IMO 100 ATMs is excessive, if it's just marketing tactic or real remains to be seen.

hilariousandco

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Quote from: YipYip on February 02, 2014, 10:05:09 PM

100 ...lolz

Talk about a bit of an exagerration

If i can read through the lines we are talking about 2

1 Melbourne
1 Sydney

I saw another article that mentioned 100 too. Where have they got that number from? Thought it sounded a bit extreme.

notme

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Quote from: HairyMaclairy on February 03, 2014, 01:48:49 AM

Quote from: Cluster2k on February 02, 2014, 08:24:03 PM

Quote from: HairyMaclairy on February 02, 2014, 07:09:20 PM

If they go off the Gox price like some other dubious operators in Australia then they will be useless.

Useless? I hope they do follow Gox's price. Buy bitcoins on another exchange and then feed them into the ATM that uses Gox's price. Instant profit.

Most bitcoin ATMs are one way. They sell bitcoins but don't buy them. Imagine having to stand in front of an ATM for even three confirmations when the miners take 70 minutes to find a block (happens all the time).

Which incidentally is a serious time delay problem for bitcoin generally don't know how that is going to be resolved unless you take the risk of zero confirmation attacks.

Or, you know, a QR code that you can redeem later at the same ATM. Perhaps you even print one out after you send the bitcoin from home via the web interface.

HairyMaclairy

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Quote from: Cluster2k on February 02, 2014, 08:24:03 PM

Quote from: HairyMaclairy on February 02, 2014, 07:09:20 PM

If they go off the Gox price like some other dubious operators in Australia then they will be useless.

Useless? I hope they do follow Gox's price. Buy bitcoins on another exchange and then feed them into the ATM that uses Gox's price. Instant profit.

Most bitcoin ATMs are one way. They sell bitcoins but don't buy them. Imagine having to stand in front of an ATM for even three confirmations when the miners take 70 minutes to find a block (happens all the time).

Which incidentally is a serious time delay problem for bitcoin generally don't know how that is going to be resolved unless you take the risk of zero confirmation attacks.

YipYip

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100 ...lolz

Talk about a bit of an exagerration

If i can read through the lines we are talking about 2

1 Melbourne
1 Sydney

Good for promotion dont really see them making any money @ the moment in Australia

Anyways good luck with that Wink

chessnut

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Quote from: BitChick on February 02, 2014, 09:44:51 PM

Quote from: chessnut on February 02, 2014, 09:26:29 PM

Quote from: SheHadMANHands on February 02, 2014, 09:00:29 PM

Interesting what's going on in Australia.. unusual enthusiasm for BTC based on population and influence in the rest of the world. Good sign.

Im in New Zealand, and there are a few good local traders on Localbitcoins, but other wise we are very behind.
There have been no reports for a long long time even mentioning bitcoin on mainstream television.
I would say awareness of Bitcoin in NZ is as bad or worse than the USA....

We went on vacation to New Zealand (Drove from Queenstown to Auckland in two weeks!

) in August and was looking for somewhere to use BTC or even trade USD for BTC but did not have much luck. It was probably better to hold on to BTC anyways but we were hoping to save a little on fees the banks charge just to exchange currency and thought we could spur the community on a bit while we were at it.

New Zealand is the MOST beautiful place on earth BTW! At least of all the places I have been, and I have been to almost all of the USA, including Hawaii a couple of times. We have some family there so it was nice to visit them for the first time. Loved it and want to go back for sure.

Yeah New Zealand is great, especially outside of Auckland! but anyway, come back in a few years when your BTC is worth 100x Grin

and you can come sail on my 45ft yacht Wink

when tourists drive about asking people if they accept bitcoin, that's a really good way to get the word out...
it's all about repitition. when they hear the word 'bitcoin' enough they will eventually google it. We have much time still however.

BitChick

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Quote from: chessnut on February 02, 2014, 09:26:29 PM

Quote from: SheHadMANHands on February 02, 2014, 09:00:29 PM

Interesting what's going on in Australia.. unusual enthusiasm for BTC based on population and influence in the rest of the world. Good sign.

Im in New Zealand, and there are a few good local traders on Localbitcoins, but other wise we are very behind.
There have been no reports for a long long time even mentioning bitcoin on mainstream television.
I would say awareness of Bitcoin in NZ is as bad or worse than the USA....

We went on vacation to New Zealand (Drove from Queenstown to Auckland in two weeks!

) in August and was looking for somewhere to use BTC or even trade USD for BTC but did not have much luck. It was probably better to hold on to BTC anyways but we were hoping to save a little on fees the banks charge just to exchange currency and thought we could spur the community on a bit while we were at it.

New Zealand is the MOST beautiful place on earth BTW! At least of all the places I have been, and I have been to almost all of the USA, including Hawaii a couple of times. We have some family there so it was nice to visit them for the first time. Loved it and want to go back for sure.

chessnut

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Quote from: SheHadMANHands on February 02, 2014, 09:00:29 PM

Interesting what's going on in Australia.. unusual enthusiasm for BTC based on population and influence in the rest of the world. Good sign.

Im in New Zealand, and there are a few good local traders on Localbitcoins, but other wise we are very behind.
There have been no reports for a long long time even mentioning bitcoin on mainstream television.
I would say awareness of Bitcoin in NZ is as bad or worse than the USA....

SheHadMANHands

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Interesting what's going on in Australia.. unusual enthusiasm for BTC based on population and influence in the rest of the world. Good sign.

Cluster2k

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Quote from: HairyMaclairy on February 02, 2014, 07:09:20 PM

If they go off the Gox price like some other dubious operators in Australia then they will be useless.

Useless? I hope they do follow Gox's price. Buy bitcoins on another exchange and then feed them into the ATM that uses Gox's price. Instant profit.

traderwin

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I thought I read that the Winklevii twins were involved in installing ATMs in Melbourne?

HairyMaclairy

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If they go off the Gox price like some other dubious operators in Australia then they will be useless.

And they aren't going in everywhere just a couple in Sydney and Melbourne to start.

chessnut

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http://www.gizmodo.com.au/2014/02/100-bitcoin-atms-land-in-australia/

that's a lot of atms.....

how many months does it take to set these things up?

This must be going on all over the place, soon a lot of people will have easy and secure access to bitcoin. (is that a good thing really in terms of speculation?)

printing all these paper wallets must be the #1 cause of lost bitcoins these days....

Topic: '100 BTC ATMs land in Australia' (Read 2044 times)