Bitcoin Forum

https://twitter.com/uniqbiun/status/445891638359887873/photo/1  

To Da Moon..?  :o

http://www.youtube.com/watch?v=VbxQGUBGcQ4

yes that Arab money needs to find it way into btc.

That's really good.Great news.

Huge.

Going to get some media contacts aware of it soon, so hopefully we'll be seeing it all over the news here.

-B-

Thats nice, Yay! ill post some photos for you when it lunch :D WELCOME TO DUBAI!

I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

lol, best video! maybe zimbabwe dollars  ;D ?

Tons of migrant workers are in dubai. If they could use ATM to transfer money home then it can really work.

There needs to be an ATM on the other end.

Great for cashing out your Dirham before leaving the country! sweet.

Can ATM do DOGE?

gtfo

What's wrong with you? Plenty of Coin-ATMs can do LTC, DOGE and BTC.
Thats a legitimate question.

DOGE is a fiat-coin scam, and no one should support it!

there are tons of gold atms in Dubai, this is good news

This is Casino money, you can buy 10k with 10 dollars lol

plenty? i only know one who actually deals with this scamcoin.

I don't see the utility in having an indoor ski resort either, but this is Dubai... they have oil money leaking out of their pores and have a lot of money to do a lot of unnecessary things.... like invest in Bitcoin for example.  ;)

This is a great thing for Bitcoin.

Good news
i think it will raise BTC prices

This looks pretty awesome I think we should stick to Bitcoin atm though, maybe Litecoin, but certainly not Dogecoin, its just another one of those coins like the ones that popped up back in April.

to da mooooon  ;D

No, and wrong section.
This is great news, there's a lot of money down there.

Yeah, Hajji to the rescue.

I think this is pretty awesome news. There is a lot of untapped potential from the Middle East. In particular, Dubai has pockets of concentrated wealth intermingled with pockets of migrant workers so it's a great place to gain adoption. Plus, you gotta love a city with a mall that has it's own ski resort!

WOW AMAZING!  100 DAYS.  GOOD DOGE!  MUCH BETTER
https://www.youtube.com/watch?v=vcy2v7DDaDQ

I've yet to see a single shred of evidence this is true aside from that tweet.

Your post led me to try to find Arabic sites that mention bitcoin. Turns out that bitcoin has been featured on many of the large media outlets there. Also, I found that most of the Arabic forums that have people posting about bitcoin are Egyptian and Saudi. Mostly Egyptians though.


Searching for bitcoin dubai (https://www.google.ca/webhp?tab=ww&ei=lggpU8LWIsnLyQGO4YCIBQ&ved=0CBcQ1S4&gws_rd=cr#q=%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86+%D8%AF%D8%A8%D9%8A) mostly brings up stuff about a pizza joint and that reddit post.

Check this out   http://www.bitcoinlayman.com/dubai-launch-400-bitcoin-atms-2-weeks/   Looks like somebody has more images than just the tweet.  The first dollar of oil money that goes into bitcoin is going to set spark to the mountains of debt used to fund the excess of fiat in the past 5000 years.  What I don't think will happen is an all out switch to settlement in btc.  OPEC could just as easily credit a coin that is a derivative of the oil reserves they have, collecting the present value bases in exchange for the backing of oil.  Snap just like that, new world reserve currency leveraging any and all other asset classes at will.  This news was sorta a shock when I saw it and still not quiet sure how I feel about this.

But what's the point of having 400 of them in 1.2M city?
Spread them a bit please!

Lets wait and see if this is true or fake...400
seems to be a bit to much

This is great, I hope they have one in each terminal at the airport. The last time I was there I had to pay to get USD out of the ATM and then pay to convert those USD to AED (helps to have cash to pay for a cab from Terminal 2 to Terminal 1).

I really hope this ATM can do Dogecoin. Would give a good push to Dogecoin. Dubai people are great Shibes and love DOGE.

If ATM can do no DOGE, I will start campaign to update firmware to support Dogecoin.

This is really important, everybody help. We can do more like: www.huffingtonpost.com/2014/03/18/dogecoin-donation_n_4987224.html

huuuuge !
Bring the Arab cash flow

Great sand. Many oil. Doge.

Yeah,that's some really great news.

and the dogecoin bagholders have poisoned this thread  just like everything else they touch.

You guys do realize that dogs are not very popular in the Arab world right? The word "dog" is even used as a pejorative. Calling someone a dog is actually the most common way to make an insult in the Muslim world.

lol you think dogecoin bagholders use common sense ? they just spread their diarrhea on the world and hope it sticks.

A good beginning.  ;D
The next steps will be:
- identification by the ATM only with Namecoin ID
- selling oil directly for Bitcoin and Namecoin

Is this real? This is going to be huge news if it's true.

My sister lives in Dubai. Does anybody knows, if this ATM can sell Dogecoin?

Thank you.

Oh gawd, I hope not. At least not yet.

Saddaam Hussein announced he'd accept currencies other than USD for his oil. Days later, the bombs started falling.

Moammar Quaddafi announced he'd accept currencies other than USD for his oil. Days later, the bombs started dropping.

Some day, perhaps. But crypto needs to become way more mainstream before invoking the real wrath of TPTB.

...

I did not see this question addressed:

Will the ATMs buy & sell BTC anonymously? 

For me that is the important question.

If so, then Dubai is about to become a very popular place to visit! 

Nice gold market too.

***

No deals for 18 kt gold down here in Peru (on a visit), a (net) premium of about 35% over spot for simple gold jewelry, which is, of course, better than the USA, but I was hoping for a better deal.

Gold Eagles, then, when I get back!

i am not sure what gtfo means but I think i have the idea  :D

lolled

Dubai to be the BTC center of the world? Maybe :)

BTW I think one BTC ATM in Mexico is doing Doge  ;D

This is great news !

lol :D

LOL  my question is where did he get the btcs?

More good news 4 bitcoin, going up

That was in Canada if I remember correctly.

400 Bitcoin ATMs in only 2 weeks??? It's incredibly much!

www.wired.com/wiredenterprise/2014/01/bitcoin_atm/