Greece's first Bitcoin ATM installed

[Elwar]

I wonder if this place will get flooded with people this week.

https://www.youtube.com/watch?v=1TmPU3ii_uE

(before you try to scan the private key in the video, it has a zero balance )

[coinpr0n]

Remains to be seen whether they have enough supply of Bitcoins and/or if they will still be able to accept credit cards as these ATMs are usually also hooked up to an exhcange on the backend and will require Fiat deposits.

[okae]

I wonder if this place will get flooded with people this week.

https://www.youtube.com/watch?v=1TmPU3ii_uE

(before you try to scan the private key in the video, it has a zero balance )

ahhh thats really awesome news always is good to see things like that, the first, the beginning.

is sad what happened with greece atm, i know, lot of ppl start to speculate about it, but our lovely BTC will bring a bright of light

ty for the link!

[bryant.coleman]

Good initiative. As the banks are closed and limits imposed, the ordinary Greeks will not be able to purchase Bitcoins with the money in their savings accounts. And buying Bitcoins in person is not safe enough. A BTC ATM was just what the Greek Bitcoiner community needed. And I hope that they'll install more of these ATMs across Greece.

[tiggytomb]

Good news, the Bitcoin ATM's are realy easy to use although the one I saw was limited to just bank notes and not credit cards, very easy to use it actually surprised me.

[pereira4]

Perfect way for the government to track you down when they force the ATM owners to disclose their logged information (because im sure they will log in ID data requested to do withdraws/deposits attached to the address used because I doubt this is anonymous).
I would use localbitcoins, can't trust those ATM things that require ID cards and whatnot.

[Snorek]

Too bad that Greece still is in the Eurozone. If they had their old currency it would be now probably useless and people would turn over to bitcoin. Greece could be the first real country (I don't count fake countries like Liberaland etc.) in the world to massive adapt bitcoin on a large scale. But Euro is still strong so bitcoin will be still secondary choice for Greeks.

[S4VV4S]

Good initiative. As the banks are closed and limits imposed, the ordinary Greeks will not be able to purchase Bitcoins with the money in their savings accounts. And buying Bitcoins in person is not safe enough. A BTC ATM was just what the Greek Bitcoiner community needed. And I hope that they'll install more of these ATMs across Greece.

Indeed it is a good initiative but I don't think many people will be using it any time soon.
Now with the banks closed and the withdrawal limit set to €60 per day, I don't see many people rushing to the Bitcoin ATM.

But a good initiative none the less

[neoneros]

Too bad that Greece still is in the Eurozone. If they had their old currency it would be now probably useless and people would turn over to bitcoin. Greece could be the first real country (I don't count fake countries like Liberaland etc.) in the world to massive adapt bitcoin on a large scale. But Euro is still strong so bitcoin will be still secondary choice for Greeks.

It is the eurozone that is forcing Greece into bankrupty. If they would have had their own currency it would not be as bad as it is now. The other euro countries have chipped in to 'rescue' Greece. But all it did was rescue the multinationals and the banks so they could safely jump ship before Greece gets punished, roasted and put down by the rest of Europe. The last time this has happened it was the start of WWII after Germany went bankrupt.. 

[bryant.coleman]

Perfect way for the government to track you down when they force the ATM owners to disclose their logged information (because im sure they will log in ID data requested to do withdraws/deposits attached to the address used because I doubt this is anonymous).
I would use localbitcoins, can't trust those ATM things that require ID cards and whatnot.

I don't think that ID proof is required for buying or selling bitcoins from this ATM. The ID proof requirement is only for the North American users (United States / Canada). And what makes you think that Localbitcoins is anymore anonymous? LBC frequently share the user profiles and stats with the law enforcement agencies, and this has lead to the arrest of many Bitcoiners in the US.

[yayayo]

I wonder if this place will get flooded with people this week.

I don't think so, because Bitcoin is still fairly unknown in Greece (maybe because Bitcoin is largely incompatible with the pervasive socialism down there). Also, in order to get Bitcoin, Greeks would need Euro notes first, which are now in limited supply. I think in the current emergency situation they are better off with banknotes, because they can buy all their necessities.

It will become more relevant, when the Drachma has been introduced again. Then Bitcoin will offer a very good protection against inflation and a simple method to buy international goods.

ya.ya.yo!

[unamis76]

I've already seen this BTM in another thread, but unfortunately it didn't have a video. Nice to see more BTM's spread around the world, but I do wonder if this one wasn't put there on purpose, during these times...

Anyways, by the looks of things, Greeks don't have money to spend there right now, as they can't withdraw from their banks...

[gentlemand]

I wonder why it took so long. You would've thought an ATM operator would've taken a speculative punt a year or two back.

I can't see it being a huge success right now. The poor old Greeks won't want to be giving up any scraps of cash any time in the near future.

[Amph]

with their economy crisis i doubt greece's people will care too much about an atm for bitcoin, they have biggest problems to think about

it should've done before, when the country wasn't in this bad condition, but maybe if the price skyrocket some faith could be restored and they will begin to use it in mass

[bryant.coleman]

I don't think so, because Bitcoin is still fairly unknown in Greece (maybe because Bitcoin is largely incompatible with the pervasive socialism down there).

As I had posted earlier, the lack of interest for Bitcoins have nothing to do with the Greek socialism. If socialism was the only stumbling block for Bitcoin, then capitalist countries such as Germany and the United Kingdom might have become Bitcoin hotspots by now. For the ordinary people, Bitcoin is too risky, volatile and tech savvy to be used as a form of investment.

[Kazimir]

[wlefever]

lol BTC

[Pingu]

I also wonder whether we'll see big cues like at regular cash machines. I think they could just go to exchanges online instead, though.

Remains to be seen whether they have enough supply of Bitcoins and/or if they will still be able to accept credit cards as these ATMs are usually also hooked up to an exhcange on the backend and will require Fiat deposits.

Well if they run out they can always buy more, which is good news for the rest of us #supplyanddemand

[The Young Turk]

One more good news for bitcoin. 
But it looks like atm for bitcoin is not needed for now in Greece. 
Because Now Greece is experiencing economic crisis. 

Come on, What's good news about that?

Let's say Greek people bought tons of bitcoins, Then what? Price goes up, Chinese miners dumps lots of bitcoins & price gets even lower.

What will they do with those bitcoins? Will they eat "paper wallets" or "hard drives" that they hold bitcoins...

[bSpend]

Perfect way for the government to track you down when they force the ATM owners to disclose their logged information (because im sure they will log in ID data requested to do withdraws/deposits attached to the address used because I doubt this is anonymous).
I would use localbitcoins, can't trust those ATM things that require ID cards and whatnot.

Why don't you go there, use it, and realize that ID is not required. I mean why not at least ask..we installed this machine (BSpend and EasyBit), and all you need is cash. So why criticize something on pure assumption