Topic: Bitcoin Atms - page 3. (Read 3255 times)
i don't think they are really useful either, just a plus for merchant nothing else
Don't judge about bitcoin ATMs just based on one very old video..
The problems they encountered in the video are partly the misunderstanding of what a Bitcoin ATM is (not an ATM) and a lack of understanding of some of the features of bitcoin required for it to be useful (Not understanding the miners fee)
A bitcoin vending machine in concept is not a scam. The barriers come from the friction between vending a digital, frictionless asset out into a physical, regulated world.
A bitcoin vending machine in concept is not a scam. The barriers come from the friction between vending a digital, frictionless asset out into a physical, regulated world.
I'm using it to cash out btc from time to time.
Has been talk of installing one in Perth for some time, but has been delayed by months.
In any event,these Atms give bitcoin a bad name,they aren't about pushing bitcoin forward they are about making money,its a scam.
OK, simple question for you, why won't you develop and install your own bitcoin ATM which doesn't charge any fees?
Since you're asking others to operate without profit (therefore making loss) why don't you do it yourself?
Very good point.
Recently, just a few months ago, my country got first BTC ATM.
I still didn't use it but like the idea to be able to go to ATM and cash out BTC, as any other currency in the world.
is that a roboscam-atm 
?
? 
In any event,these Atms give bitcoin a bad name,they aren't about pushing bitcoin forward they are about making money,its a scam.
OK, simple question for you, why won't you develop and install your own bitcoin ATM which doesn't charge any fees?
Since you're asking others to operate without profit (therefore making loss) why don't you do it yourself?
bitcoin ATMs are a way for their operators to make money, just like the exchange operators make money from people trading bitcoin on their exchange. There is no reason for the operators of the ATM to not receive some kind of compensation for their services
I have never used even a FIAT atm so why would I use a bitcoin atm?
I see a lot of hate towards bitcoin on the internet through google news but I came across this video.
https://www.youtube.com/watch?v=vnm4xFC2xNo
Not going to lie,the Atm is a scam,wish I saw this before I posted on that other thread about bitcoin atms and if they could be trusted. I now understand why the atms that existed in my town were pulled from the floor. I personally never used them.
In my opinion bitcoin Atms aren't necessary,it just seems like another jig to make money off of people,its certainly not convenient. Which is my opinion,but the proof is in the pudding. Personally I have never used a bitcoin ATM,even though their was 2 in my town at one point. Reason wasnt because I didnt trust it. But because I didnt feel like it.
In any event,these Atms give bitcoin a bad name,they aren't about pushing bitcoin forward they are about making money,its a scam.
https://www.youtube.com/watch?v=vnm4xFC2xNo
Not going to lie,the Atm is a scam,wish I saw this before I posted on that other thread about bitcoin atms and if they could be trusted. I now understand why the atms that existed in my town were pulled from the floor. I personally never used them.
In my opinion bitcoin Atms aren't necessary,it just seems like another jig to make money off of people,its certainly not convenient. Which is my opinion,but the proof is in the pudding. Personally I have never used a bitcoin ATM,even though their was 2 in my town at one point. Reason wasnt because I didnt trust it. But because I didnt feel like it.
In any event,these Atms give bitcoin a bad name,they aren't about pushing bitcoin forward they are about making money,its a scam.
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