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.
