A funny but educative post on X by Bitget Wallet.

[Son Of Blockchain (SOB)]

 I find this very funny but educative, according to what the topic implies. Uhmm the person controlling the Bitget wallet acc on  X sounded  like someone's who ignorant but then a message was passed indirectly.

 I've heard stories of how banks where robbed, their atm machines blown with dynamite which gave the robbers access to steal money from the vault. Can similar thing happen to the Bitcoin ATM? Maybe the cash used in buying bitcoin can be stolen from the vault but since Bitcoin is not physical like fiat no Bitcoin can be stolen from the machine cause it's stored on chain in a decentralised blockchain ledger.

 The only way Bitcoin can be stolen is if your private keys which serves as a proof of ownership can be accessed by a third party. Which is why there's a saying "not your keys not your coin". So any thief that vandalise a Bitcoin ATM machine thinking he'll steal some coin is wasting his time. More reason why Bitcoin is a better alternative and offers better security than fiat.

[Livingleged]

And this got me thinking like what does the bitcoin ATM machine normally prints? is their anything like bitcoin cash ? Of course there should be if not Whats the whole essence of of producing the Bitcoin ATM i’m just curious to knw

[Hypnotizer]

And this got me thinking like what does the bitcoin ATM machine normally prints?

Bitcoin ATM are used  to convert bitcoin to cash or to buy bitcoin with cash, so Bitcoin ATM doesn’t print anything you will either use cash to buy bitcoins or you sell your bitcoin for cash.

is their anything like bitcoin cash ? Of course there should be if not Whats the whole essence of of producing the Bitcoin ATM i’m just curious to knw

For sure there is Bitcoin Cash, it came from a Hard Fork that happened in 2017 but Bitcoin Cash is not Bitcoin, they are different coins.

And seems like you misunderstand the essence of Bitcoin ATM, Bitcoin ATM’s are just like something that helps you directly buy Bitcoin with your cash or sell your Bitcoin for cash and it was created to ease the process of spending Bitcoin.

You can read more about Bitcoin ATM here

[Tetu100]

[quote author=Son Of Blockchain (SOB)
The only way Bitcoin can be stolen is if your private keys which serves as a proof of ownership can be accessed by a third party. Which is why there's a saying "not your keys not your coin".
[/quote]
That's the more reason you got to protect it with everything you have got because the moment it is been known by anyone you are doom for life. Bitcoin is not like fiat that is more of being physical so the best you owe your self is to store on a reliable wallet that is more reliable and recommendable.

So any thief that vandalise a Bitcoin ATM machine thinking he'll steal some coin is wasting his time. More reason why Bitcoin is a better alternative and offers better security than fiat.

The surpose theif already knew is not expecting to see any physical coin there in the atm machine unless is those once that doesn't know their left from their right.

[Mhizlove]

And this got me thinking like what does the bitcoin ATM machine normally prints? is their anything like bitcoin cash ? Of course there should be if not Whats the whole essence of of producing the Bitcoin ATM i’m just curious to knw

Is good you asked this because it will enlighten those who don't have it know how the bitcoin ATM works, you see  Bitcoin ATM it don't produce any physical money or bitcoin but what is does is to print out it's receipt or a confirmation slip, while the actual bitcoin is sent directly to your wallet. You see that machine is just there to help people who do buy and sell bitcoin with ease, be it with cash or card.

Truth be told, Bitcoin don't have an actual physical form be it cash or in coin, everything is been done digitally and stored as Blockchain.