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Around the time of the $20K bubble, I asked a convenience store clerk if anyone actually used the Bitcoin ATM they featured. He said there were 2 distinct group
by mindcandy 3y ago
Around the time of the $20K bubble, I asked a convenience store clerk if anyone actually used the Bitcoin ATM they featured. He said there were 2 distinct groups: Rich-looking, post-middle-aged dudes with fancy cars and homeless people.
The homeless used it because the banks refused to service them and sleeping on the street with cash in your socks is dangerous. That made the volatility and fees involved in cycling dollars in and out of a Bitcoin ATM look like great deal relative to their lack of options before.