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Author Topic: World’s first Bitcoin ATM sees 81 exchanges, $10,000 in transactions  (Read 3998 times)
LiteCoinGuy
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November 01, 2013, 12:04:47 PM
 #21

great start for the first ATM   Smiley

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November 01, 2013, 12:15:54 PM
 #22

Day 2 was quite impressive:

"$30,000 on its second day (or $27,800 US/139 BTC), says Mitchell Demeter of Bitcoin broker Bitcoiniacs,"

http://www.forbes.com/sites/kashmirhill/2013/10/31/why-are-people-so-excited-about-a-bitcoin-atm/


No doubt this volume will increase with such public attention. Im sure more ATMs will be installed soon. It might be better investment than mining machines...
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November 01, 2013, 12:46:29 PM
 #23

At $30,000 per day it would pay for itself in 19 days!  can it keep that up?
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November 01, 2013, 12:50:56 PM
 #24

so, for printing money atms are the new asics

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November 01, 2013, 06:52:55 PM
 #25

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

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November 01, 2013, 08:38:20 PM
 #26

So are there any more planned, and where?
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November 02, 2013, 09:48:09 AM
 #27

in the german board someone is raising funds for a atm in Wrocław, Poland

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November 02, 2013, 10:00:10 AM
 #28

One of the comments in the forbes article brought up a very good point.  Put these ATMs in or near international airports for quick and easy transfer to national currency.

If there was global network of these then you wouldn't need Western Union ... Mom puts her bucks into the machine in Nebraska and little Jimmy pulls out Euros in Rome ... etc. Remittances, everything becomes possible and it wouldn't have to be tht big of a network, just dispersed, say like one in each major city in the world to begin with ...

I'm really interested to know what Bitcoiniacs policy is going to be on the protection and privacy surrounding the biometric data, palm scan and photograph (face recognition?) correlated with all transactions.

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November 02, 2013, 04:40:56 PM
 #29

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

+1 That really puts the uphill battle that ripple faces in perspective. It's really difficult to see how they can survive when their own employees struggle even to explain what ripple is.

                         
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November 02, 2013, 08:19:46 PM
 #30

update on how much it sold the next day? is that information available for us to track the daily usage anywhere?
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November 03, 2013, 12:51:45 AM
 #31

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html
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November 03, 2013, 01:04:58 AM
 #32

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

735 BTC in one day = $147,000, yup

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November 03, 2013, 01:20:35 AM
 #33

735 BTC in one day = $147,000, yup

That's still more than 7x in one day as the $20,000 stated earlier.  Funny math going there.  Regardless, it's comparing apples and oranges.
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November 03, 2013, 01:41:45 AM
 #34

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html



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November 03, 2013, 01:58:57 AM
 #35

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html


Fair enough.  Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month.  I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.
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November 03, 2013, 02:00:38 AM
 #36

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html


Fair enough.  Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month.  I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

Yep. Didn't intend it to mean the everything transacted there. Apologies about the confusion.

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November 03, 2013, 02:04:08 AM
 #37

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html


Fair enough.  Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month.  I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

Correct me if I am wrong, but isn't he comparing a brand new interface (ATM) with a beta that has been open-source fro 1 month, in that he is comparing how many BTC were traded using each platform? 

Unless Ripple can roll out their "endpoints" fast (faster than ATMs roll out), they will lose to the ATM, which can effectively do the same thing - provide a means for people to get money into and out of the system.

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November 03, 2013, 02:10:51 AM
 #38

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html


Fair enough.  Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month.  I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

Correct me if I am wrong, but isn't he comparing a brand new interface (ATM) with a beta that has been open-source fro 1 month, in that he is comparing how many BTC were traded using each platform? 

Unless Ripple can roll out their "endpoints" fast (faster than ATMs roll out), they will lose to the ATM, which can effectively do the same thing - provide a means for people to get money into and out of the system.

That's true, but remember Bitcoin has its own inherent weaknesses such as needing 6 confirmations to clear - up to 1 hour needed.  Ripple could just as easily be bundled into these ATMs and offer the same services.  Business owners are often technology-agnostic - whatever is convenient and makes money will be evaluated.   If all it takes is 1 more button and a separate sub-screen, I wouldn't rule it out.
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November 03, 2013, 03:25:17 AM
 #39

The day 2 Robocoin ATM turnover in BTC was greater than the whole month of October for the Ripple system.

Is this a joke, or can you show where you got this info?  Out of curiousity, I checked Bitcoincharts and it doesn't match up with your claim.  Check here: http://bitcoincharts.com/markets/rippleXRP_trades.html

I am comparing BTC traded on Ripple, not Ripple's internal currency as well.

http://bitcoincharts.com/markets/rippleUSD.html


Fair enough.  Consider that you are drawing comparisons between a 4 year old mature technology with a beta that has been open-source for 1 month.  I would not expect to see much action until about a year or 2 into open-source, similar to Bitcoin's start around 2009-2010.

There is a difference; bitcoin opened the gates for digital currency. A stronger one with better features already has bitcoin users as (in theory) captive audience. Bitcoin started from scratch, ripple growth can feed off bitcoin's hardcore adopters looking for the best digital currency out of the plethora being released (which would be competition for ripple as well though)

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November 03, 2013, 07:48:21 AM
 #40

Well I hope they don't make a hand-print registry that said I may use it if it comes near our city if the price spikes XD
3% or not volatility is bigger on some days XD

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