Does Bitcoin really need an ATM? - page 5.

bitcoinmasterlord

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Quote from: NorrisK on June 13, 2017, 02:17:15 AM

I have never understood bitcoin ATMs..

In daily life I hardly use a normal ATM anymore as I can pay by card almost everywhere nowadays.

The only thing these ATMs do is create visibility, but I don't see many people actually using them. Besides it is not really comforting to withdraw 100 USD and seeing BTC0.03xxxxxx on a flimsy piece of paper.

It is necessary because now the exchange sites are collecting very high transaction fees for low amount transaction. And we need to wait for some time to deposit money in our bank account. Instead of doing this all process better we can withdraw money in ATM and use that money it is easy and safe am I right.

NorrisK

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I have never understood bitcoin ATMs..

In daily life I hardly use a normal ATM anymore as I can pay by card almost everywhere nowadays.

The only thing these ATMs do is create visibility, but I don't see many people actually using them. Besides it is not really comforting to withdraw 100 USD and seeing BTC0.03xxxxxx on a flimsy piece of paper.

Md Saad

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bitcoin is not like a traditional currency, it has a more secure system, anonymous and unique facilities, but if you think about the good facilities for the user then ATM would be a good option. the more it easier, the more it will get popular. so the authority may think about it...

gracia0023

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BunnyShibe

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Quote from: dihari on June 12, 2017, 10:29:38 AM

Someday in the future when bitcoin has become something common in society to store, to spend, or to pay something on daily activities, we will need an ATM to make people get easy to use bitcoin. Maybe now it's not really worth because it is unfamiliar for all people, and there is not much demand for it in offline transactions.
Bitcoin need an ATM, not now, but next in the future.

but i think that the ATM of bitcoin always remain in my pocket. because i have the facility to use bitcoin from my online wallet anywhere and every time. i do not think that i can ever feel the need to use btcoin ATM. i will always like to use the online wallet system which is really more easy to use and in fact more safe as compare to bitcoin ATM.

whizter

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Quote from: Caelanpelley on June 12, 2017, 12:24:22 PM

Quote from: ghgr on July 23, 2012, 05:26:05 AM

Maybe the term ATM is a bit confusing. With ATM I refer to a machine where you can buy Bitcoins.

Quote from: FreeMoney on July 23, 2012, 04:17:57 AM

This is like saying "Airplanes. pffft, how many people actually need to cross the ocean?". Uh, a lot more once there is a reasonable way to do it.

I love this example! Or like saying "Hey, why would an Australian care about the information of a server in Europe?"

ATM for bitcoin? This is a difficult thing to manage. Who will run this system? Who will pay for it? If it is ATM with bitcoin, how are we going to use them?

yes that is very right to say for this purpose you need to make a whole system. and still people will not giving preference to it, because to me think it is more convenient to use online wallet system for depositing and withdrawal of bitcoin as compare to any other source. therefore to me i think we do not need for any ATM machine and online wallet system is the best option with us.

Caelanpelley

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Quote from: ghgr on July 23, 2012, 05:26:05 AM

Maybe the term ATM is a bit confusing. With ATM I refer to a machine where you can buy Bitcoins.

Quote from: FreeMoney on July 23, 2012, 04:17:57 AM

This is like saying "Airplanes. pffft, how many people actually need to cross the ocean?". Uh, a lot more once there is a reasonable way to do it.

I love this example! Or like saying "Hey, why would an Australian care about the information of a server in Europe?"

ATM for bitcoin? This is a difficult thing to manage. Who will run this system? Who will pay for it? If it is ATM with bitcoin, how are we going to use them?

dihari

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Someday in the future when bitcoin has become something common in society to store, to spend, or to pay something on daily activities, we will need an ATM to make people get easy to use bitcoin. Maybe now it's not really worth because it is unfamiliar for all people, and there is not much demand for it in offline transactions.
Bitcoin need an ATM, not now, but next in the future.

leyton11

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In June-2016, my country owned this machine with name is "BTM" and place it in 2 big cities. It's look like as ATM Bitcoin!
The purpose of this machine want help new user Bitcoin can buy Bitcoin safe and easy, not have risk when use it (use Intermediary Service)
First, you need deposit your money and type number BTC you want buy. Then, you just place your smartphone (or device have QR-code address BTC) to scanner QR in "BTM". Wait scanning complete and confirm to receive your BTC Wink

Video Detail: https://goo.gl/O9B9oR

michellee

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🐺Spinarium.com🐺 - iGaming casino

i think if bitcoin is growth too fast and people is thinking for a simple way to buy and sell bitcoin without having into the front of pc or laptop then we need an ATM to cover this and that machine is needed to placed into every where. but this will need attention with the government because if we need to place something into public area, then we need to asked permission with the government. i think the idea will be happen in future with many people is interesting with bitcoin and they needed other simple ways to buy and sell bitcoin with fast ways.

Boseda

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If Bitcoin users just cared about BTC and not about other currencies, there was no need of an ATM. Too bad most Bitcoin users seem to prefer old fiat money...

soul-impact

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Quote from: BitcoinzB on June 12, 2017, 06:11:25 AM

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

Yes, it really is a good idea, however, it still can not perform, it really is not feasible with the current bitcoin situation. For ATM, it is known as a device that performs transactions in several wires, whereas bitcoin trading takes about 15 minutes to complete the transaction.

BossMacko

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In my opinion Bitcoin does not need an ATM, we can already cash out Bitcoin anytime so what is the use of ATM. We can transfer Bitcoin to any remittance center or to your bank account. Also if ever there will be a Bitcoin ATM it will be another expense to avail it.

stompix

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Quote from: shine1123 on June 11, 2017, 04:47:29 AM

For me yes. Bitcoin ATM will make people interest about bitcoin because they never know about it before and also bitcoin ATM is really important when bitcoin become popular someday. So they can easily cash it out or even buy bitcoin from that bitcoin ATM. There are many benefit though for bitcoin if many place have bitcoin ATM.

If bitcoin become what is supposed to do why use an ATM?
Why even bother using fiat at that point.

Quote from: qiwoman2 on June 12, 2017, 06:07:24 AM

I like the idea of Bitcoin ATMS, it is inviting especially for Newbies who want to get their first taste of Bitcoin without having to run around online to buy it. Many older people as well who are not that tech savvy or internet friendly, can benefit greatly from Bitcoin ATM machines that's for sure.

Yeah they will get a first taste at a 10% fee from some greedy bastards.
Nice way to get into bitcoin , getting ripped right at the start.

Quote from: SimmonenY on June 12, 2017, 04:16:10 AM

In some countries there is no way to pay with bitcoin so people nee cash.

And BTCatms don't solve the problem just add another intermediary to the problem increasing the costs.

Golftech

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Quote from: BitcoinzB on June 12, 2017, 08:51:21 AM

Quote from: CARrency on June 12, 2017, 06:21:54 AM

Quote from: BitcoinzB on June 12, 2017, 06:11:25 AM

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

These ATM machines are like an advertisement to bitcoin, we can introduce them to bitcoin and make them use it. It may be not that much but we can just tell them it is a great asset. But with these, we can have an access to bitcoin no matter where we go with these ATMs, though in our country, we still don't have one.

But still, you won't be able to withdraw directly. That's why I don't really see it happening soon, would work just like an advertisement for the currency

what do you mean? why atm will be created if you won't withdraw directly? i'm not sure but i think there's already an open thread regarding to this atm machine not sure when and where the machine started but I'm positive that you can withdraw directly using it because what would be the purpose if not?

BitcoinzB

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Quote from: CARrency on June 12, 2017, 06:21:54 AM

Quote from: BitcoinzB on June 12, 2017, 06:11:25 AM

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

These ATM machines are like an advertisement to bitcoin, we can introduce them to bitcoin and make them use it. It may be not that much but we can just tell them it is a great asset. But with these, we can have an access to bitcoin no matter where we go with these ATMs, though in our country, we still don't have one.

But still, you won't be able to withdraw directly. That's why I don't really see it happening soon, would work just like an advertisement for the currency

MetalGear

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No bitcoin does not really need an ATM, because bitcoin is an electronic money and like ATM bitcoin is electronic. But if there would be opportunities for bitcoin to have a card it is better fro the fast transaction of bitcoin, but it is not so needed but if necessary it can be. Bitcoin is such a money that is similar to ATM money.

bitbob82

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Quote from: qiwoman2 on June 12, 2017, 06:07:24 AM

I like the idea of Bitcoin ATMS, it is inviting especially for Newbies who want to get their first taste of Bitcoin without having to run around online to buy it. Many older people as well who are not that tech savvy or internet friendly, can benefit greatly from Bitcoin ATM machines that's for sure.

but i am not in favour of bitcoin ATM, for bitcoin ATM you have to visit some selected place and proceed your money there. i think the online wallet system is the best and i think we need to make it more secure and convenient to use it from anywhere and any time.

sotoshihero

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IMHO not really, but due to the absence of more outlet accepting bitcoin, it is necessary to have ATM where we can withdraw in fiat and use to transact on traditional store. I am seeing in the future that there are more bitcoin terminal sprouting anywhere where we can use our mobile phone to pay with bitcoin.

CARrency

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Quote from: BitcoinzB on June 12, 2017, 06:11:25 AM

Having ATMs for bitcoin sure sounds like a good idea, it would make buying/making transactions more accessible worldwide.
I'm not sure how feasible is that, and if it would be a wise thing to do as of now

These ATM machines are like an advertisement to bitcoin, we can introduce them to bitcoin and make them use it. It may be not that much but we can just tell them it is a great asset. But with these, we can have an access to bitcoin no matter where we go with these ATMs, though in our country, we still don't have one.

Topic: Does Bitcoin really need an ATM? - page 5. (Read 6255 times)