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Lovethecoins (OP)
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January 21, 2014, 05:27:27 AM |
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What you think about opening an atm? Think this would be a good profitable investment? Do you trust the machine? Also if you had a atm in your town would you use it.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Haidang1796
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Activity: 84
Merit: 10
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January 21, 2014, 08:30:24 AM |
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it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker  |
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Lovethecoins (OP)
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January 21, 2014, 08:32:37 AM |
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Would you use one if it became available?
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blodyx
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January 21, 2014, 10:09:43 AM |
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I would use it!
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hilariousandco
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January 21, 2014, 10:16:57 AM |
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it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines. Would you use one if it became available?
Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium. |
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Lovethecoins (OP)
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January 21, 2014, 08:03:06 PM |
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5% sounds like the general... I realize that is a little high
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Haidang1796
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Activity: 84
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January 22, 2014, 08:45:15 AM |
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it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines. Would you use one if it became available?
Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium. I'd use it though. because it worth more than other currency, I mean it's more money right? |
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hilariousandco
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January 22, 2014, 11:40:02 AM |
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it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker Why would that make it any more of a target than normal ATMs? Infact, it'll probably hold less cash than most other machines. Would you use one if it became available?
Depends on what mark-up the Bitcoin is. If it's pretty much the same as the exchange rate + a small commission, then probably, but not if you're paying a ridiculous premium. I'd use it though. because it worth more than other currency, I mean it's more money right? How is it more money exactly? It'll probably be less if you withdraw $10 of Bitcoin and have to pay a premium commission on that. |
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waqas
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January 22, 2014, 12:35:27 PM |
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mostly peoples don't like to use atm for bitcoin because of high commission and some other problems
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Kiki112
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January 22, 2014, 12:40:52 PM |
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it'll be too risky to have a bitcoin atm, since it has got to hold a lot of money, which easily a target for robber of atm broker then how do usual ATMs work  just set up a camera and put in somewhere with a lot of people  |
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FlyForFun
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January 22, 2014, 02:16:40 PM |
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What you think about opening an atm? Think this would be a good profitable investment? Do you trust the machine? Also if you had a atm in your town would you use it.
Its risky but I heard the latest ATM would only cost about $1000 which is quite worth for investment. |
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Lovethecoins (OP)
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January 22, 2014, 09:39:35 PM |
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I have a friend who is really interested in adding one for the city Looking at all legal issues first |
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E.exchanger
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March 20, 2014, 10:01:52 PM |
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They are already implemented in china. And getting them installed across your city would be dependent on many factors like is you government fine with bitcoins including the financial authorities, Also it would be better to take a quick survey on how many people actually use bitcoin in your area as you don't want to be the only person using that ATM .
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sanjoea
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March 21, 2014, 08:55:27 AM |
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If you get a card you can withdraw from any atm, like from bitplastic
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erono
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March 21, 2014, 08:58:56 AM |
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you may need to guard the atm.
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roslinpl
Legendary
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March 21, 2014, 10:30:57 AM |
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you may need to guard the atm.
Indeed Security would be needed in many cases  Imagine BTC atm at Brixton. |
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Triswardhani
Full Member
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Activity: 168
Merit: 100
Lithium core developer
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March 21, 2014, 03:22:16 PM |
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Maybe I am a little stupid .... but bitcoin atm? will shape how the physical form of bitcoin which is out of the atm? LOL  |
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softron
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March 21, 2014, 05:54:14 PM |
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Sounds nice but what is the current fee structure.
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