First Bitcoin ATM heading to Cyprus - Page 3 - TigerDroppings.com

Posted byMessage
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

"THERE'S NO WAY THE GOVERNMENT IS GOING TO LET EMAIL EAT INTO THE POST OFFICE'S REVENUE!"



Are you claiming this was a consensus opinion of the informed population when email was developing? I've never heard anyone claim that......until now.

ETA: I just googled to see how I could have missed the claim you're making. It didn't happen. That's how I missed it.....



This post was edited on 3/25 at 3:04 pm


Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

Never, ever, ever confuse a great sales pitch with the actual facts....

It's just not polite!

It's incredible the liberties wiki takes with facts and the truth. Amazing, really.....






Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: First Bitcoin ATM heading to Cyprus


Bitcoin isn't sold as a non-fiat currency. At least it hasn't ever been to me.

The first I ever heard of Bitcoin, it was a fiat currency that couldn't have its supply inflated.






Back to top
lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: First Bitcoin ATM heading to Cyprus


quote:

I thought we were talking about bitcoins?


They are completely safe for the person who ends up with the actual currency....








Back to top
  Replies (0)
Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15345 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

2) You just insert your dollars into the machine and get bitcoins... So how do you claim these on the back end, I thought they were stored on your pc or ledger?
Don't forget your transaction fees to convert the bitcoins to Euros and Euros to bitcoins. This is a money making venture, not a free service. And the ATM will also have access to money in your bank account if the ATM can get the proper networking with banks since the debit card will be linked to your bank account.






Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: First Bitcoin ATM heading to Cyprus


quote:

Don't forget your transaction fees to convert the bitcoins to Euros and Euros to bitcoins


Do you know how small those fees are?






Back to top
  Replies (0)
Projectpat
Texas A&M Fan
Houston, TX
Member since Sep 2011
6026 posts

re: First Bitcoin ATM heading to Cyprus


quote:

ETA: I just googled to see how I could have missed the claim you're making. It didn't happen. That's how I missed it.....


No, those people just still aren't on the internet.







Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

it was a fiat currency that couldn't have its supply inflated.



Its supply is being inflated every day and will be until into the early 22nd century.

quote:

Bitcoin derives it from a complex, and essentially permanent, set of rules which issue new bit coins at a steadily declining rate until the early 22nd century, when the total quantity of bitcoins in circulation will be fixed forever.
LINK

Try again, joshie.....






Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: First Bitcoin ATM heading to Cyprus


Russian. I know how the currency works. It is capped at 21 million BTC which will be reached in the year 2140 and there are about half of the maximum BTC's in existence right now.

I'm just telling you how it was sold to me.






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

ETA: I just googled to see how I could have missed the claim you're making. It didn't happen. That's how I missed it.....



No, those people just still aren't on the internet.



Every link I came up with was just the opposite of what wiki was claiming. They were all about how email and e-billing and e-payments were going to crush the Post Office's revenues and there was nothing the Post Office could do about it.

Maybe we should just take what wiki posts from now on and believe the opposite. We will have a greater chance of getting it correct if we do.....






Back to top
  Replies (0)
lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: First Bitcoin ATM heading to Cyprus


quote:

I'm just telling you how it was sold to me.



And that is why people are skeptical about Bitcoins!








Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: First Bitcoin ATM heading to Cyprus


quote:

And that is why people are skeptical about Bitcoins!


What do you mean?






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

It is capped at 21 million BTC which will be reached in the year 2140
It will collapse and turn into virtual dust long before then. My guess is within the next 2 or 3 years.

And, yes, you may bookmark this post.....






Back to top
  Replies (0)
lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: First Bitcoin ATM heading to Cyprus


quote:

What do you mean?


If a product, or service, represents it's worth intrinsically, it does NOT need to be "sold to someone"....


Selling requires convincing someone to purchase, which means it may, or may not, represent a value.








Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: First Bitcoin ATM heading to Cyprus


quote:

it does NOT need to be "sold to someone".


A brand new concept does need to be "sold" so someone.

quote:


If a product, or service, represents it's worth intrinsically,


Nothing is intrinsically worth anything and if BTC attempted to claim that the main people who support it would question it.







Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


quote:

it does NOT need to be "sold to someone".



A brand new concept does need to be "sold" so someone.



No one had to sell me on fricking the first time I learned about it.....






Back to top
joshnorris14
Florida Fan
Florida
Member since Jan 2009
21247 posts

re: First Bitcoin ATM heading to Cyprus


quote:

No one had to sell me on fricking the first time I learned about it.....



Not everyone's uncle is as attractive as yours.






Back to top
lsu_tiger_az
LSU Fan
AZ/LA
Member since Mar 2004
30404 posts

re: First Bitcoin ATM heading to Cyprus


quote:

Nothing is intrinsically worth anything


Really....

I'm glad you pointed that out, I'll run out and buy some Gold for $100 an ounce.










Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81783 posts
 Online 

re: First Bitcoin ATM heading to Cyprus


Oh sure, I fricked my uncle just one time and nobody ever lets me forget it....





Back to top
CollegeFBRules
LSU Fan
Member since Oct 2008
19657 posts

re: First Bitcoin ATM heading to Cyprus


You know what they say about laying a million bricks and then fricking a goat. You're never going to be known as a bricklayer.





Back to top


Back to top