Bitcoin Forum

Looks good ;)

https://news.bitcoin.com/australian-newsstands-bitcoin-counter/

If you can buy bitconi anonymous, without any id, than its good and might be worth paying more than exchange fees. If ID is required, I prefere to stay with exchanges, as prices there will be considerably cheaper than in the newstands for sure.

But this may be a great service for attracting everyday people, who are the ones that Bitcoin needs to take off.

Was thinking what a great move for bitcoin and then I see Murdochs name attached to the story and want to puke.
Either way I hope this brings more people on board and hope the idea spreads to other countries that could easily adopt the idea.

So looking at Blueshyfts site:

Bitcoin.com.au is one of the Bitcoin exchanges in Australia who wants to bring cryptocurrency to consumers all over the country. By partnering with fintech startup Blueshyft, this concept will soon become a reality. Moreover, Blueshyft is owned by the nephew of Rupert Murdoch, whereas Bitcoin.com.au is a subsidiary of Global Internet

The red highlighted is the part of it I don't like.
I bet Murdoch put his nephew up to it, very sinister if you ask me, a front man for corrupt bankers and cohorts.

And what will they do with the bitcoin? The article does not say the newstands will accept bitcoin as payments for their products. So if they only sell, not accept, then i dont see the point. Its like saying, buy bitcoins from as for your fiat for extra charge, but we are not interested in accepting bitcoins, as they have no use for us.

When buying from exchanges, you first have to provide the ID, then wait to get verified before you're allowed to buy/sell and you have to use one of the payment methods accepted by the site which further delays the procedure, whereas when buying from over the counter, you can do it instantly, even if ID is required (which I am sure it will be) many will still prefer to buy bitcoins this way, I just hope that cash is also accepted. As for the fee, it is mentioned in the article already.

A minimum amount of AUD50 will have to be purchased at a time, however, which will be subject to 4% commission.

That's what we need in the states.

Starbucks should start selling BitCoin... Imagine that xD

Big expectations, can't see it happening myself.

I could not imaging the old greek bloke that runs my local news agency even knows what bitcoin is let-alone knows how to complete a transaction, are the backers behind this going bitcoin tutorial courses too.   

bitcoin.com.au was owned by a user here

must have sold the address

Very cool.   Surprised that it's newsstands that are doing this.  There aren't many of them left since the internet kinda sorta put newspapers out of business.  It's ironic.

Innovative implementation of how bitcoin can be popularised in public.
There was always a notion of not buying or trading with Bitcoins in Australia but this approach serves it right.

I hope there will be ATMs rising up soon.

It is a odd pairing for sure. Its not like they are going to hook a young generation into buying the newspaper when they are interested in bitcoin.
Those interested are getting most of their news online and most likely not even cable subscribers.
The days of old rich men manipulating the masses through a newspaper seem to be drawing to a close.

It actually makes sense. Since the Internet put them out of business, they're trying to use it to their own advantage ;)

It will remain to be seen if banks can survive of lending when the

money printing parade runs out

But their is a lot of other fundamentals at work also

sometimes shops continue to operate if they are

attractive for hot women, because the boss can still

pimp them out at parties or to their rich mates

and that itself can be more lucrative than the shop

operations,

mass unemployment has created all kinds of niche

markets :D

I don't see the problem here, unless the bitcoins are being bought for shady stuff. You probably use ids for almost every other thing so why not this? Anonymity is overrated.

not everyone can be unemployed they have to keep some Ponzies going

Gov is another good one, they have way to many people on the books

in this electronic age and have made fake departments of all types

less they have to sack thousands of women and lose their wives

n daughters to other employers

U haven't worked out yet that's it gov workers n rich people that want

the anonymous aspect, because if they get caught repercussions

are bigger

Australia really seems to be at the forefront of some very innovative technology, i think it is great for the aussies.... ;)

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

Would you shut the fuck up. All you posts are way off topic and your talking like you are on crack.
Seriously piss off till you come down off that shit, then you can come back and delete all your usless posts.

Which makes sense, it would potentially be a hot-spot for criminals aiming to launder their money if they had the capacity to just sell their Bitcoin over-the-counter with no other safe-guards in place. If a criminal really wants to launder his money there are plenty of other ways, and this form of sale specifically caters more to normal and average consumers as opposed to extremes. This is better for business because it should (hopefully) mean that there are fewer people giving the location a bad image and more normal people able to get into Bitcoin without an issue.

Well at least in Europe we have a lot of newsstands selling stuff ranging from lottery tickets to prepaid cards to newspapers and magazines so I wouldn't say that digital press has put paper out of business yet and I am seeing a lot of customers queuing up to buy things from kiosks every day. The business is certainly not dead and the Australian startups have surely analyzed the market situation before coming up with this business plan because selling Bitcoin from kiosks which have a great exposure to the general population is pretty much an untapped market in my opinion. I would love to see this implemented throughout Europe as well and if it will have lower taxes than ATM's it would be very much appreciated  :D

Well that's Wat u call crak rage  :D

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

Drivers license

Also reguarding the 4% fees if it sounds too good to be true

it probably is, no doubt at 10% plus exchange markup price

The 10% gst doesn't apply to buying coins anymore in Australia, only selling,  correct me if I'm wrong.

Nothing to do with gst, markup means charging a higher price than the exchanges price

So your saying you believe the agents are going to charge another 10% markup on top of the 4% fee?
Any proof?

they haven't started selling yet is this supposed to be an idiot question

all agents have had pathetic markup prices, have u ever had any experience

changing currency with an agent?  U get massive markups on online exchange

prices, not to mention a 30% buy sell spread

for what reason either they decided to sell the bitcoin and not to allow any body to do trade in bitcoin. or they want to sell thier bitcoin because the rate is too ight and they will wait tor lower rate after correction

No thats false.

In a strange kind of way.... it's actually true. Maybe Bitcoinpro is just expressing it clunkily (I'm not totally convinced English is Bitcoinpro's native language). And he did say "kinda".

The phenomenon I believe he could be referring to is that of false flag wars/terrorist attacks. The media (including newspapers) are complicit, at some level or other, in selling the lies to the public that were targeted with a given attack. And so the newspapers aren't killing anyone anything close to directly, but when the overall long-term culture is examined, it's not unfair to say that newspaper magnates like Murdoch profit directly from war or terror events that they themselves know full-well are contrived stories. They could tell the real story, and choose not to.

Hahaha u don't invent words like Cryptocurrency without English being your first language

your a shocker, kinda is slang and it's difficult for people of non English speaking back

ground to catch on to slang.

And haha I wasn't thinking of Sept 11 but ur absolutely right they participated full well

knowing how great a story it would make, it would be the only news story in history that

for now would trump Bitcoin for the amount of articles written. The media profit generated

and newspaper sales must have been in the Billion of USD they had their hands in the pie

alright a full fist

Well the story says no ID required will be a cash only transaction

It was not always like this... A group of banks tried to sink the Bitcoin ship a while ago in Aus, by banding together and closing account of anyone linked to Bitcoin business. They were taken to court for

anti-competitive behaviour and they backed off. I am glad to see they are moving forward now, and pioneering new things. The Bitcoin ATM's were not very cheap, and the 4% commission will

stimulate interest from these newsstands. I just hope, many of them will accept Bitcoin payment... because it's one thing allowing people to buy Bitcoin, but they must have a place to spend it too.  ::)

The closing accounts covered every single BTC enterprise Australia wide

from PayPal usb erupter sales , to BTC exxhange bank accounts

they even closed accounts linked to Mtgox deposits, it was such dirty

corrupt behaviour, u think they could have offered jobs to Crypto users

to strengthen the banking industry instead they took the most stupid

absolutely dumb fuk choices they could possibly make!!!!

So according to the article if the customer is paying with cash no ID verification is needed and the minimal amount to purchase Bitcoin with is 50 Australian dollars but they didn't mention what the maximum amount of Bitcoin one could buy is. I remember one French startup company that was going to introduce buying Bitcoin over the counter in shops but the maximum threshold for purchase without ID was around 50 euros so if the Aussies are not going to have a limit on the maximum purchasable amount that would be super cool. I would love it to be able to buy as much Bitcoin as I need along with my newspaper or magazine every day  :D

CCTV will be used instead of ID wear hat n sunnies