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Bitcoin => Press => Topic started by: aquarius on March 29, 2013, 10:01:19 AM


Title: 2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus
Post by: aquarius on March 29, 2013, 10:01:19 AM
World's First Bitcoin ATM in Cyprus

https://www.youtube.com/watch?v=Of-4Hzlbsps

Title: Re: 2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus
Post by: zby on March 29, 2013, 11:47:40 AM
Quote from: aquarius on March 29, 2013, 10:01:19 AM
World's First Bitcoin ATM in Cyprus

https://www.youtube.com/watch?v=Of-4Hzlbsps

That bitcoin ATM in Cyprus will yet be this rally undoing.  It is such a catching meme now - but it will grow old quickly and I am pretty sure that there will be no bitcoin ATM in Cyprus in this year. 

Add to that this photoshopped picture.

Title: Re: 2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus
Post by: odolvlobo on March 30, 2013, 02:09:32 AM
Unfortunately, there are several mistakes in this video:

  • Mr. Knight said that "Bitcoin is going to install and ATM". Of course, there is not Bitcoin organization.
  • It was never clear that the person who said that they were going to put a bitcoin ATM in Cyprus really intends to do it.
  • Mr. Knight said that "Good money drives out bad." The saying is actually exactly the opposite, "Bad money drives out good."
  • "Bad money drives out good" is not Gresham's Law, though they are similar.

Edit: The person in the video is David Knight, not Alex Jones.

Title: Re: 2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus
Post by: herzmeister on March 30, 2013, 02:20:45 AM
love the youtube comments again

Title: Re: 2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus
Post by: yokosan on March 30, 2013, 02:32:50 AM
Quote from: odolvlobo on March 30, 2013, 02:09:32 AM
Unfortunately, there are several mistakes in this video:

  • Mr. Jones said that "Bitcoin is going to install and ATM". Of course, there is not Bitcoin organization.
  • It was never clear that the person who said that they were going to put a bitcoin ATM in Cyprus really intends to do it.
  • Mr. Jones msaid that "Good money drives out bad." The saying is actually exactly the opposite, "Bad money drives out good."
  • "Bad money drives out good" is not Gresham's Law, though they are similar.

Agree with everything you just said.

Additionally we have been hearing about these bitcoin ATMs for years. I don't want to hear any more about them until you can actually SHOW ME one that is out there, not in a conference but actually on the field, right now, and in use.

So far they are all hype with no substance.

Title: Re: 2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus
Post by: benjamindees on March 30, 2013, 07:38:05 AM
Quote from: odolvlobo on March 30, 2013, 02:09:32 AM
Mr. Jones said that...

That's not Mr. Jones.  That's David Knight, reading from a report by The Dollar Vigilante:

Quote
TDV Editor-in-Chief, Jeff Berwick


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