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For me - it was seeing a Bitcoin "ATM" next to the Dipping' Dots machine at my local mall.
by germinalphrase 4y ago
For me - it was seeing a Bitcoin "ATM" next to the Dipping' Dots machine at my local mall.
- quickthrower2 4y agoQuotes because Bitcoin ATMs rarely allow conversion to cash (just from cash)?
- germinalphrase 4y agoCorrect
- popcalc 4y agoThose have a genuine purpose though. To help local drug dealers launder their earnings to cash.
- HashBasher 4y ago2013 called, they want their narrative back. ATM machines have cameras and does KYC.
- popcalc 4y agoThe ones near me in SoCal let you liquidate 2.5K/day with an SMS verification and 360p selfie. In Europe you can do magnitudes higher and it's even laxer. Do the cameras actually turn people off? Hell no. Most people using the machines are networked mules sourced from Craigslist. What legit use case is there for paying the crazy 17-30% premiums if you have other options? Whales have always had OTC and the average dude can probably pay less in taxes selling on even a US-banked CEX. I know a guy who owned a sizable exchange at one point in the 2010s. Today he wishes he had never stepped into the world. The real shot callers are a mix of CBOE quants and international organized crime players. The narratives exist for a reason.
- dharmab 4y agoThose are so the elderly can pay scammers and ransomware.