World’s first Bitcoin ATM sees 81 exchanges, $10,000 in transactions - page 2.

hacknoid

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Proud Canuck

Quote from: nwtrades on November 02, 2013, 08:58:57 PM

Quote from: solex on November 02, 2013, 08:41:45 PM

Quote from: nwtrades on November 02, 2013, 07:51:45 PM

Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html

Fair enough. Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month. I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

Correct me if I am wrong, but isn't he comparing a brand new interface (ATM) with a beta that has been open-source fro 1 month, in that he is comparing how many BTC were traded using each platform?

Unless Ripple can roll out their "endpoints" fast (faster than ATMs roll out), they will lose to the ATM, which can effectively do the same thing - provide a means for people to get money into and out of the system.

solex

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100 satoshis -> ISO code

Quote from: nwtrades on November 02, 2013, 08:58:57 PM

Quote from: solex on November 02, 2013, 08:41:45 PM

Quote from: nwtrades on November 02, 2013, 07:51:45 PM

Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html

Fair enough. Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month. I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

Yep. Didn't intend it to mean the everything transacted there. Apologies about the confusion.

nwtrades

newbie

Activity: 37

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Quote from: solex on November 02, 2013, 08:41:45 PM

Quote from: nwtrades on November 02, 2013, 07:51:45 PM

Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html

Fair enough. Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month. I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: nwtrades on November 02, 2013, 07:51:45 PM

Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html

nwtrades

newbie

Activity: 37

Merit: 0

Quote from: 420 on November 02, 2013, 08:04:58 PM

735 BTC in one day = $147,000, yup

That's still more than 7x in one day as the $20,000 stated earlier. Funny math going there. Regardless, it's comparing apples and oranges.

420

hero member

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Merit: 500

Quote from: nwtrades on November 02, 2013, 07:51:45 PM

Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

735 BTC in one day = $147,000, yup

nwtrades

newbie

Activity: 37

Merit: 0

Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info? Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim. Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

applelover

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update on how much it sold the next day? is that information available for us to track the daily usage anywhere?

StarfishPrime

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Quote from: solex on November 01, 2013, 01:52:55 PM

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

+1 That really puts the uphill battle that ripple faces in perspective. It's really difficult to see how they can survive when their own employees struggle even to explain what ripple is.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: HeliKopterBen on October 31, 2013, 11:00:17 PM

One of the comments in the forbes article brought up a very good point. Put these ATMs in or near international airports for quick and easy transfer to national currency.

If there was global network of these then you wouldn't need Western Union ... Mom puts her bucks into the machine in Nebraska and little Jimmy pulls out Euros in Rome ... etc. Remittances, everything becomes possible and it wouldn't have to be tht big of a network, just dispersed, say like one in each major city in the world to begin with ...

I'm really interested to know what Bitcoiniacs policy is going to be on the protection and privacy surrounding the biometric data, palm scan and photograph (face recognition?) correlated with all transactions.

blub

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in the german board someone is raising funds for a atm in Wrocław, Poland

btbrae

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So are there any more planned, and where?

solex

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100 satoshis -> ISO code

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

blub

member

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so, for printing money atms are the new asics

leemar

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At $30,000 per day it would pay for itself in 19 days! can it keep that up?

oser41eric

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Quote from: solex on October 31, 2013, 10:08:06 PM

Day 2 was quite impressive:

"$30,000 on its second day (or $27,800 US/139 BTC), says Mitchell Demeter of Bitcoin broker Bitcoiniacs,"

http://www.forbes.com/sites/kashmirhill/2013/10/31/why-are-people-so-excited-about-a-bitcoin-atm/

No doubt this volume will increase with such public attention. Im sure more ATMs will be installed soon. It might be better investment than mining machines...

LiteCoinGuy

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In Satoshi I Trust

great start for the first ATM

420

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Quote from: medicine on October 31, 2013, 10:43:08 PM

Quote from: ?? on ??

insult me

I like your username.
Wow on those day 2 numbers!!!

should be telling me that

Singlebyte

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OP please format correctly. It helps when we research the archives if the date format is included.

HeliKopterBen

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One of the comments in the forbes article brought up a very good point. Put these ATMs in or near international airports for quick and easy transfer to national currency.

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