Jeff Berwick simply rulez.
PJ(I don't got a better word for it atm)
03:43 PJ "The first time where you actually take my money off me, is that correct?"
03:47 Jeff "...or give you a federal reserve notes from your Bitcoin account, we do both raze[sryhelpme]"
03:51 PJ "You do? A federal reserve note from my Bitcoin account?"
03:55 Jeff "Yeah."
03:56 PJ "Whats that mean? Dollar bill?"
heat
03:58 Jeff "If you look at Switzerland[sryhelpme] you might also notice"
heat
04:02 PJ "Wait a second, wait a second, so I put a dollar bill into your atm and I get a dollar bill back?"[
LOL]
04:08 Jeff "No no, you put fiat currencies in, dollars, and it goes into your
BTC account or if you have a Bitcoin account that has currency in it you can take, dollars, out of your Bitcoin account.
04:18 PJ "Alright, ok, so that's a conversion factor, introducing it in Southern California"