Bitcoin ATM to launch in Cyprus?

Discussion in 'Financial Cents' started by Mindgrinder, Mar 29, 2013.


  1. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    Bitcoin ATM - Your future now.

    Very fishy....

    As Seen On




      • DollarVigilante
      • Washington Post
      • ATM Market Place
      • Reason.com
      • Mashable.com

    • Vice.com
    • SFGate
    • Yahoo.com
    • eCommerceBytes.com
    • GlobalPost.com
    • Forbes.com
    • DailyDot.com
    • MaxKeiser.com
    • SilverVigilante.com

     
    Last edited by a moderator: Jan 25, 2015
  2. CATO

    CATO Monkey+++

  3. CATO

    CATO Monkey+++

  4. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    Despite being a PPCA member.....I oppose bitcoin.
    It's not REAL. It's 1's and 0's.
    Silver and gold....real.
    Seeds...real.
    Anything physical to barter...real.

    Bitcoin - 1's and 0's....good way to intro the BANCOR as a social engineering project to move the world into 1 world currency.
     
    gunbunny likes this.
  5. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Fiat currencies? Not real
    It's actually funny that a 'Virtual currency' unit is worth more than an ounce of silver.
    It's funny that a 'virtual currency' unit is worth more than any single fiat unit.
    What even more funny is that it's total value is worth more than 20 nations entire money supply (individually, not combined)

    And I'd have a hard time shoving gold and silver into a email message.

    Stack PM's and transact in 1's and 0's (whether fiat backed or bitcoin) is my mantra currently.
     
    Mindgrinder likes this.
  6. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Portland Pastry Chefs Association ?? I thought you were in BC, CA?
     
  7. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    Pirate Party of Canada
     
  8. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    I'll trade u 1 potato for your flash drive with a billion bitcoins on it after the grid is down and maybe a glass of col silver water to wash it with just cuz you were a SM member.
    :)
     
    VisuTrac likes this.
  9. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    erm, doesn't sound like a good trade to me.
     
  10. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    Wanna buy some World of Warcraft gold or Eve-Online isk?
    In the end...it's the same as bitcoin.
    You grind some time online and think it's real money...
    *shakes his head*
     
  11. UGRev

    UGRev Get on with it!

    I've tinkered with the bitcoin stuff a bit to see what it was all about. Even did some mining. I wasn't really impressed. It's cool.. but not something that is going to "save us". There is no unit of work to had with bit coin where from start to finish there is some labor involved. THAT is where value is anchored. Sure, you could own a gold vein.. great.. but it's worth shit if you can't extract it, and that requires effort.

    BitCoin = kick the can.
     
    Mindgrinder likes this.
  12. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    BitCoin is a personal decision. It's a high risk venture at this time. Odds of it going bust, pretty good due to government regulation and the possibility that only speculators buy into it and not actual users for ecommerce. Price the users out of the market place then odds get even worse for it surviving out of the novel use by geeks after the crash.

    If however if it becomes widely accepted, it stands a better chance of long term survival.

    Right now however, the odds of it hitting 500usd/btc or more are completely dwarfed by it's odds of dropping to zero. It's not something one should get into if they aren't willing to loose it all.

    At the moment it seems to be a speculators ride.
     
    Mindgrinder likes this.
  13. UGRev

    UGRev Get on with it!

    Which is why if you aren't mining.. your risk is exceptionally high.
     
    Mindgrinder and VisuTrac like this.
  14. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    If you owned a gas station in Cyprus and 2 guys walked in to buy your last few gallons of fuel....
    1 has silver coins....
    1 has a flash drive with bitcoins....
    Which are you going to sell to?

    Visu...i "get" bitcoin....i understand the privacy of it...the advantages of it...
    My gut has said it's going to end up a scam since day #1...and I'm sticking with my gut.
     
  15. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    depends on the current exchange / spot price. He who pays more wins. Also depends on can it be converted at that point in time.

    bitcoin and silver can both not be eaten. Only exchanged among willing sellers and buyers.

    final word. It's not for everyone, just like there are those here on this very board that feel that prepping with PM's is a fools errand. To each their own.
     
  16. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    Ваша мать носит военные ботинки

    No, she isn't.
     
    VisuTrac likes this.
  17. UGRev

    UGRev Get on with it!

    and if the power is out and you can't buy the last bag of chips at the gas station... fawk me.. I guess I'll go with silver.. ;) ;)
     
    VisuTrac likes this.
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