As mentioned above, besides for the lack of money circulating in the economy and the lack of people's hard cash due to being unable to withdraw from banks, this would be a great idea.
There was a photo of a man sitting on the floor crying because he was unable to collect his wife's pension. If only people like him would have converted some cash to BTC before the collapse and then used these ATMs to cash out on some of their BTC. Obviously it's easier said then done but it just goes to show that it's always good to diversify and spread your assets/wealth as much as possible.
There was a photo of a man sitting on the floor crying because he was unable to collect his wife's pension. If only people like him would have converted some cash to BTC before the collapse and then used these ATMs to cash out on some of their BTC. Obviously it's easier said then done but it just goes to show that it's always good to diversify and spread your assets/wealth as much as possible.
Yes it is easier said than done. I know it took me several hours of reading to figure out what bitcoin is, and what wallet to use. Then another few days to get set up/verified to buy btc, then had to wait for the btc to get into my wallet. Its quite a process to begin with.
Yeah I know local bitcoins is an option, IF you have someone nearby that is trustworthy enough to deal with and doesnt want an insane exchange rate. But agin, you've got to get a wallet set up, learn to use btc, etc.
