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Author Topic: Dubai 400 Bitcoin ATMs in 2 weeks  (Read 5893 times)
TruckStyling
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March 19, 2014, 01:41:22 PM
 #41

My sister lives in Dubai. Does anybody knows, if this ATM can sell Dogecoin?

Thank you.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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jbreher
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March 19, 2014, 05:13:16 PM
 #42

...
The next steps will be:
...
- selling oil directly for Bitcoin and Namecoin

Oh gawd, I hope not. At least not yet.

Saddaam Hussein announced he'd accept currencies other than USD for his oil. Days later, the bombs started falling.

Moammar Quaddafi announced he'd accept currencies other than USD for his oil. Days later, the bombs started dropping.

Some day, perhaps. But crypto needs to become way more mainstream before invoking the real wrath of TPTB.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
OROBTC
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March 19, 2014, 06:45:06 PM
 #43

...

I did not see this question addressed:

Will the ATMs buy & sell BTC anonymously? 

For me that is the important question.

If so, then Dubai is about to become a very popular place to visit! 

Nice gold market too.

***

No deals for 18 kt gold down here in Peru (on a visit), a (net) premium of about 35% over spot for simple gold jewelry, which is, of course, better than the USA, but I was hoping for a better deal.

Gold Eagles, then, when I get back!
numbed
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March 19, 2014, 09:32:28 PM
 #44


i am not sure what gtfo means but I think i have the idea  Cheesy
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March 20, 2014, 02:17:49 AM
 #45

I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.
lolled

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March 20, 2014, 03:13:25 AM
 #46

Dubai to be the BTC center of the world? Maybe Smiley

BTW I think one BTC ATM in Mexico is doing Doge  Grin
firestone411
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March 20, 2014, 04:00:05 AM
 #47

This is great news !
escrowguy
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March 20, 2014, 07:15:39 AM
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i am not sure what gtfo means but I think i have the idea  Cheesy
lol Cheesy

Smiley
littletoy
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March 20, 2014, 08:23:03 AM
 #49

I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

LOL  my question is where did he get the btcs?
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March 20, 2014, 08:25:18 AM
 #50

More good news 4 bitcoin, going up

please unban me.
BitCoinsLOL
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March 20, 2014, 01:22:22 PM
 #51

I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

That was in Canada if I remember correctly.

I never thought my life could be. Anything but catastrophe. But suddenly I begin to see. A "BIT" of good luck for me. Cause I've got a golden ticket!
toxique
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March 20, 2014, 01:25:30 PM
 #52

400 Bitcoin ATMs in only 2 weeks??? It's incredibly much!
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March 20, 2014, 01:25:57 PM
 #53

I don't see the value in deploying so many Bitcoin ATMs in one city unless there's a lot of demand for it. There's one close to where I live but they charge a hefty premium to convert fiat to bitcoin. I read somewhere that there was a guy standing near the ATM offering to sell bitcoins cheaper than the ATMs price.

That was in Canada if I remember correctly.
www.wired.com/wiredenterprise/2014/01/bitcoin_atm/
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