2013-03-29 Infowars Nightly News, World's First Bitcoin ATM in Cyprus

[aquarius]

World's First Bitcoin ATM in Cyprus

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

[zby]

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.

[odolvlobo]

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.

[herzmeister]

love the youtube comments again

[yokosan]

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.

[benjamindees]

Mr. Jones said that...

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

TDV Editor-in-Chief, Jeff Berwick