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Author Topic: Yeees it's happening  (Read 692 times)
budi691
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October 07, 2020, 02:14:56 PM
 #61

It's a good idea when a lot of people don't really understand what Bitcoin is with so many ATM machines, people keep asking what Bitcoin is and it will make big adoption in the future.

There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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isaac_clarke22
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October 07, 2020, 04:31:14 PM
 #62

~oops forgot to snip~

There's just potential adoption I see whenever I heard or read news about new crypto ATMs being established. It's just that my thoughts are circling if people would even think of stopping by an ATM and think of "wow I would now want to buy a Bitcoin".
I just think that a lot of people even heard Bitcoin through the internet and from that they also buy it from the internet as well.
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October 07, 2020, 05:25:31 PM
 #63

there is more than 500 bitcoin atm under rockitcoin network in USA.
https://coinatmradar.com/operator/170/rockitcoin-bitcoin-atm-operator/

however, I read bad reviews about this operator.
https://jasonpearce.com/2017/09/02/rockitcoin-atm-rates-will-cheat-you/
https://cryptos.com/rockitcoin-launches-new-atms-in-americas-heartland/

and it seems like complicated to use a bitcoin atm by reading the review.
it's like you will do the KYC on-site  Grin
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October 07, 2020, 05:53:48 PM
 #64

Do you think that the adoption is really happening? I've seen this picture, a convenience store literally selling bitcoin through an ATM, I know it isn't new at all but this proves the actuality of innovation, something that we are dreaming of since we knew bitcoin. Hail the King! I still haven't tried it yet, I'm still wondering how complex it is.

Wrong. Adoption is not Bitcoin ATMs, adoption is "Bitcoin accepted here" signs. True adoption is never touching fiat. You get paid with bitcoin, you pay with bitcoin. No exchanging, no extra fees.

An ATM is but a transitional inconvenience, like an exchange but with higher fees. You should rather push for the merchant to directly receive bitcoin instead of putting an ATM. Second best is having a payment processor, such as those using the software btcpay, etc; so that it at least "looks" transparent to the business. You pay bitcoin, they get fiat. This also sucks, only a bit less.

The number of ATMs do not represent Bitcoin adoption, it is the number of business accepting bitcoin that do.

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October 08, 2020, 02:31:24 AM
 #65

Yes, its really happening in any parts of the world now. We cant definitely prevent the widespread and bolder adoption of people to Bitcoin and other crypto currencies. In so many ways, Bitcoin is really a big help and offers great privilige to us that keeps believing and trusting it.
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October 08, 2020, 09:46:08 AM
 #66

Where is this bitcoin ATM located?

Elon Musk opened the first store on Mars and set up a crypto ATM🚀

Your post is a classic example of shit posting, without reading anything at all except the first post. How many times has it been mentioned where it is, and you are asking the same question again...

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October 08, 2020, 10:18:53 AM
 #67

This is a welcome development to all bitcoin users because many investors find it difficult in my country to transact with their ATM card but not available in my area. Thank God that is happening in some country where you can withdraw and pay with your bitcoin ATM card.
Indeed this is a welcome  development  to the countries that allow bitcoin ATM.
I think my country will be the next to join the moving train by allowing Bitcoin ATM machine everywhere in the country for those who have bitcoin ATM card to perform their transaction.
I can't wait to see bitcoin ATM machine in my country. My country will not play with such  development,I think they will be the next to allow it in our country.

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October 08, 2020, 10:36:30 AM
 #68

Do you think that the adoption is really happening? I've seen this picture, a convenience store literally selling bitcoin through an ATM, I know it isn't new at all but this proves the actuality of innovation, something that we are dreaming of since we knew bitcoin. Hail the King! I still haven't tried it yet, I'm still wondering how complex it is.
As we go further, the number of Bitcoin machine is gradually increasing, and here is an interesting fact: According to a Norwegian financial company, the number of Bitcoin atm has surged 87% in the past year. Right now the United States has the leading number of Bitcoin ATM across the world, with more than 7,800 BTMs. Unfortunately, I haven't tried or seen any BTMS right now. Hoping I could use it soon.



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October 08, 2020, 01:26:20 PM
 #69

I hope that in future things are much better and the adoption rate increases in future significantly because this will only push the demand high and with more and more people adopting it better for the community. Also, currently not many are being using in their daily life’s due to lack of acceptance by merchants so even the ATM may not be more as the demand is less.

If there will be more ATM but stores are not allowing people to use bitcoin to transact, which could not be called adoption. As we are just inviting them to buy BTC for our own sake without them benefiting from transactions. Though it is really one of the problems in bitcoin, It is hard for bitcoin to be used in stores as long as the fees are high and confirmation takes a long time. Perhaps, we could think of other means of Bitcoin adoption such as using bitcoin in macro transactions. One example is to sell items with huge value (Real Estate, Cars, Jewelries, etc) using bitcoin.
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October 08, 2020, 01:43:22 PM
 #70

There is no way to disbelieve that this is an unimaginable success.  Although Bitcoin ATMs have been seen in many countries before.  Seeing such a scene awakens a kind of hope in the mind.  Interest in bitcoin mining is growing.  I think we will all have Bitcoin ATMs at street corners at some point.  From here, everyone will use Bitcoin as needed.  And I believe that will happen in the near future.

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October 08, 2020, 03:52:44 PM
 #71

It's more like advertising, having a bitcoin atm doesn't mean people use it often because I don't believe that bitcoin atm is as fast and cost-effective as regular ATMs.
It will take a lot of effort to improve Bitcoin technology so that it is used more frequently.
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October 10, 2020, 03:53:27 PM
 #72

They're simply selling the bitcoins with exorbitant costs.
There's an ATM close to my hometown situated at a store I purchased bitcoin from their however they cost was high in contrast with the real cost.

In any case, I never consider it an "Appropriation" since they're simply selling it not accepting or utilizing as a Payment technique.
I am as yet burrowing for some store who may acknowledge the bitcoin as installment however I never observe such improvement
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