ATM

Rawdochick

Buy bitcoin in an ATM with no KYC or personal information required.

jventura1110

Just wait til you go on holiday to Mexico / Asia and try to withdraw local currency from an ATM there 🤣 you'd be saying 10% on top of the USD conversion rate is pretty damn good.

Drunkpuffpanda

Really I don't know much. I guess I assumed I could put cash into a bitcoin ATM and then one day I could get cash from a bitcoin ATM, but I am very ignorant on bitcoin transactions to be honest.

excelance

I've only used an ATM once to purchase Bitcoin, partly out of curiosity, and partly out of the hope to find non-KYC channels. It's a nightmare. You put cash in, you get a receipt, then you have to full KYC on a website and use your receipt to claim the Bitcoin. And it was much much more expensive than a typical KYC-exchange.

Nemozoli

It's not Ukraine, it's Greece., which is an EU country. Upon entry into Greece they had to declare wahetever amount of cash they had on themselves, but this was the only way for them to get their money whole, not just droplets from the ATM. It was shocking for them to realise even in the EU you could get shut off from your money.

Wendals87

The vision was to not have any third party involved so even a non KYC ATM wasn't intended

AvatarOfMomus

Maybe for a Bitcoin ATM, but normal ATMs generally cost a couple dollars at most, and you can withdraw up to a couple hundred even at a gas station one. Compared to a normal ATM this is ridiculous.

Medium-Buy-7995

WHO TF EVEN DISTRIBUTES THESE ATM’S??? My first few guesses would be Indian’s/Paki’s etc

Every_Hunt_160

I’m actually wondering who the heck actually uses a Bitcoin ATM in 2024

Every_Hunt_160

Nobody who is a true crypto holder uses a Bitcoin ATM anyway

PDXGrizz

I was at the mall the other day and I saw one of these ATM's, and I was curious about it and how much they wanted to sell BTC for. The atm was trying to sell it for 58k, and I checked current price at the time and btc was down to 53k. I just walked away in disbelief bc wth? The atm's themselves are really cool looking and a clever concept to catch the eye of someone who might feel curious that day. But the lack of regulation makes for a sad outcome like this.

coinfeeds-bot

tldr; Bitcoin ATMs, rapidly growing in the U.S., are becoming a significant cybercrime threat. The FTC reported that losses from scams via these ATMs exceeded $120 million in 2023, with a 1,000% increase in scam incidents since 2020. These machines are vulnerable to both physical and cyber threats, including malware and network vulnerabilities. The decentralized and immutable nature of Bitcoin transactions, combined with the lack of a governing body for ATM operations, makes these machines attractive targets for hackers and scammers. Users are advised to be cautious and verify the legitimacy of transactions to protect against scams. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

LacCoupeOnZees

I’m not saying that’s where the bulk of hit net worth is, I’m saying it’s the easiest thing for him to liquidate for large sums of cash. You think he just goes to the ATM to withdraw 40 billion to buy Twitter? You think a rocket brings him that money back from space?

Nemozoli

Western world... Try working with the OSCE in Ukraine as a Greek national in 2015. You could choose how much of your BLA you wanted in cash, the other portion would be transferred to your account at home. Our Greek (and later Turkish also) colleagues began asking for the whole amount in cash as their government imposed a limit on ATM withdrawals as there was an economic downturn. They all traveled home with way more than 10k EUR...

Adept_Journalist_535

I actually have friend in the netherlands and yes they have limits, about 2k at the ATM

bigbrainnowisdom

Remember the canadian truckers protestors? Trudeau adminsitration freeze their bank account (or something) so that they cant withdraw money from ATM to buy food during their protest. https://www.bbc.com/news/world-us-canada-60383385 Im for covid vaccines & social distancing and disagree with these protestors... but man what Trudeau did was nasty. Borderline (or probably crossing line) abuse of power.

HedgehogGlad9505

It's just like a regular ATM. Behind the scene you need to have a reserve of fiat plus bitcoin. Whenever someone operates on the ATM, your server side software buys or sells your reserve on some other market. Then you take back paper cash at the end of the week.

TheDanMan007

No one here understands your question The concept is simple - at an ATM, you can withdraw cash that you’ve bought or otherwise earned by selling other assets, such as your time and labor Bitcoin is the safest protection of your time and labor; when you understand that, the silly concept of Bitcoin ATM’s won’t be anything you feel the need to try to “understand” (how hard is an ATM to understand anyway)

NonRelevantAnon

Well how many poor people have been intercepted from fraud ? I have heard of banks calling to confirm it was the owner who was actually doing the transaction. I have never heard of some one not being able to do a transfer once they have confirmed it is an intended transfer. I rather be notified and checked in on if I am doing an abnormal transaction then them just letting my money out my account. I never withdraw money unless I go into my branch. My bank card was skimmed and they called me asking if I just withdraw money at ATM in a part of town I never visit. With that they then closed my CC and reversed the transactions. That's an example of a good thing behind this double checking instead of just letting all transactions through. It's why I will never use BTC for transactions. If I don't get what I bought I do a charge back. If I get scammed I do a charge back. If my CC details are stolen and used I charge back and request a new card. Something BTC will never and cannot solve. Unless every transaction is through a escrow which means we then back to centralized banking.

AnApexBread

It's just a box that dispenses cash. When you "withdraw cash" all you're really doing is selling the equivalent amount of bitcoin to the owner of the ATM. So if (simplified numbers for ease) 1 BTC = 100 and you "withdraw" $100 at a bitcoin ATM then what you're really doing is selling 1 BTC to the ATM owner who is paying you in cash.

joesus-christ

I'm thinking about what actually *is* a Bitcoin ATM. Some 15 years ago I "made" hardware (basic stuff; arcade machines, public digital art installations etc ) so am simply trying to understand what these things really are under the hood.

MiguelLancaster

The same things as a regular ATM. A box that accepts and dispenses cash that connects to the internet

Eliaskz93

Bro using an ATM to buy crypto is the worst way to acquire cryptocurrency. Fees are so high. These ATM machines are really profiting from consumers you end up loosing 30% or more in some cases. Insane

Worried_Grass8189

What currency did you buy it in? I’ve never bought from the ATM’s but is it possible you seeing the value of the BTC in a different currency?

vremains

I feel like this is actually really bad for Bitcoin... New people getting into BTC might not know how exchanges work and think "I'll just go to an ATM". Then they get ripped off on their first ever BTC transaction.... Not a good look.

TCr0wn

BTC ATM fees are big combined with the really unfavorable spread they charge. Price has also been going down

Bumble_Dream

I think it was shit exchange fees tbh; I've been buying BTC for awhile but usually on exchange sites. This was my first time using an actual ATM so fees were expected but this was the hardest I ever got hit by them (the machine only said $3 fees so it was most likely the exchange rate). Guess I should stick to coinbase hahah. Thanks for the helpful response.

Bumble_Dream

Thanks for the helpful replies! I'm used to fees but this is the hardest I ever got hit with them (also the first time I used an actual BTC ATM instead of an exchange site lmao). The ATM said $3 fees but yeah most likely the exchange rate.

AvengerDr

Always used card. Or an ATM. Never had a problem.

Traditional_Act_2107

Whats the ATM, including inflation?

Bwebster109

Was this found in one of Robert Terkla’s storage units? I saw he recently bought a unit with a lot of designer clothes and a bitcoin ATM.

FuzzyCryptographer83

Is this app the same people as this one as it's totally bs and it's gone from the okay store look the post on my profile as I can't post shit ATM as am new on here

1_BigPapi

AAVE is one of very few DeFi governance tokens I think has a decent risk/reward ATM. But whales aren't always whales because they are smart.

BeginningBeautiful69

Just to be clear, when I say buying on an exchange, I mean buying there and withdrawing into your own wallet ASAP. Being barred from accessing those services should matter very little in that case. Completely understand your ATM/cocaine residue analogy, but the history of coins is still likely to cause you a problem if you bought from someone dodgy and you interact with a regulated exchange. If you spend sats in a circular economy (like buying produce at a market, where the market seller also buys stuff in btc) then a dirty coin matters very little as nobody is interacting with a bitcoin-fiat third party who is bound by Money laundering regulations.

urlewdnood

I get that p2p coins may come with a variety of backgrounds. But do you believe this is worst then KYCed ones? Like I’m being barred from accessing services or the likes? Because in the nature of money, it will always be transferring from one person to another. How could anyone be guilty of being paid by someone else? In the sense that I’m sure any ten dollars coming out from an ATM most likely passed through cocaine and has coke residues on it, no one could possibly relate this residue to my responsibility.

kirtash93

Bitcoin ATM prices are already an scam.

coinfeeds-bot

tldr; The FTC has issued a warning about a significant increase in Bitcoin ATM scams, with consumer losses rising nearly tenfold since 2020, reaching over $110 million in 2023. Scammers are exploiting Bitcoin ATMs to deceive individuals into transferring cash into their cryptocurrency accounts, with older adults being especially targeted. The FTC advises the public to be cautious of unexpected calls, to take their time, and to avoid withdrawing cash in response to such scams. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

TripTryad

I haven't gotten into base at all and its been on my radar. I want to learn about it and use it but I have been busy. I don't plan on investing on any specific tokens attached to it ATM, but I enjoy keeping my thumb on the pulse of crypto in general. Anyone familiar with it or know any links/vids about it they can put me onto?

coinfeeds-bot

tldr; The Federal Trade Commission (FTC) has issued a warning about crypto ATM scams, revealing that victims are losing an average of $10,000. According to a report by NBC News, $65 million was stolen in the first half of the year through these scams, with losses increasing tenfold from 2020 to 2023 to over $110 million. Scammers often pose as bank employees, government workers, or tech support agents, convincing victims to deposit money into Bitcoin ATMs under false pretenses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Abdeliq

It's weirdly use in El Salvador and El Salvador ATM is also of lightening network

jam-hay

Crypto ATMs are a good test of how free citizens are in a country. If it's perfectly legal to withdraw fiat cash from a regulated ATM then it should be perfectly legal to withdraw crypto from a regulated crypto ATM. However some countries (such as the UK) have am effective ban on all crypto ATMs.

timbulance

Anyone on here ever used a crypto ATM ? Just curious

WineMakerBg

The perfect mix with exploading BTC ATM numbers: https://www.reddit.com/r/CryptoCurrency/s/1rd0K97HWo

NiagaraBTC

Chances are you are being scammed. Do NOT send money to anyone through an ATM.

analogOnly

I was asking /u/thehogdog How do you know this, can you provide proof, a statement from the ATM manufacturer?

brkinard

Appears the path to financial freedom is shorting crypto....literally a free money ATM.

pop-1988

There was a surge in 2023 when several USA ATM companies expanded to Australia, installing them in all the small-franchise convenience stores, including TSG. In the past 6 months, Bitcoin ATMs have disappeared from nearly all those stores, even though many of them still have a "Bitcoin ATM inside" sticker on the window

csward53

ATM fees are a lot more reasonable...

lennethluna

The ATM fees are insane.

kirtash93

Last time I checked an ATM I laughed and then bought BTC with my phone at better prices while still laughing.

coinfeeds-bot

tldr; Bitcoin ATM installations in Australia have seen a significant surge, making it the fastest-growing market globally. From just 73 ATMs in September 2022, the number has increased to 1,162, ranking Australia third behind the U.S. and Canada. This growth follows a period of regulatory challenges and a crackdown on ATMs linked to criminal activity. The expansion is largely attributed to foreign companies, like CoinFlip, entering the market and filling the gap left by local operators like Auscoin, whose license was suspended by the financial regulator AUSTRAC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

GiverTakerMaker

The $5 wrench attack is pure FUD. There is no reason to think it has any merrit at all... It is absolutely no different to mugging someone for thie ATM PIN, or just mugging someone for Their phone, computer or whatever. Don't live such a fearful life... you watch too much legacy media selling propaganda that you can't trust your neighbours but you can trust your banker.

TewMuch

This is like complaining about ATM fees when you’re using a non-partner bank. “No one will use ATMs if they have to pay these fees!” Hey, OP. If you want to avoid fees, don’t use a network that charges you fees. Simple as.

No_Watercress1189

I've exchanged at an ATM several times before. The first time I did it, it took longer to receive the bitcoin than the later times, about 3 hours. After that, I usually received it within an hour. However, today, I exhanged some, and it's been over 4 hours , and I didn't get a text they usually send that says "thank you for your purchase" kind of thing, so I've been worried, since at least I usually get a text that recognized the exhange. DId you use a Margo or Bitstop machine by any chance? that's the type i used.

swift_trout

I built my first computer when I was 15 growing up in Texas. A Tandy Model One sold through Radio Shack that had a course from Heathkit. I even put together a kit from the boys from Cupertino. It was a very different time. Few people outside our Byte circles had any idea of the hell we were doing to their world. I have lived through and managed to stay relevant in all the eras of change. It is a testimony to the survival ability that is intrinsic to being a first generation “nerd”. Back in the 70s and 80s, and most of the 90s fintech was proprietary centralized systems legacy systems. Like all the other systems like travel electronic reservation ticketing systems (ERTS), accounting, payroll and all other platforms, on mainframes. We micro computer folks felt like a mammal roaming around among dinosaurs. But we knew the meteor was coming.it hit in the 1990s. In the Air Force I had worked with file transfer protocols (ftp). Anyone who had absolutely knew it was going to change everything. I specialized in applications that integrated PC LANS. Simply migrating data to PC NETWORKS (Novell Netware and eventually Microsoft.Net.) and attaching front ends applications I wrote to carry out functions already pretty much defined on the legacy terminals. It was not difficult. I “wrote” (copied) procurement systems - I was Director of Information Systems at a petrochemical engineering company. And travel systems for the Scheduled Airline Ticketing Organization - SATO. And finance systems using SAP at KPMG - my main focus was banking, our clients included British Midland (now HSBC) m, Standard Charter, Citi and about 5 others. And I worked on NASD compliant trading systems, as well for a clearing brocket out of Belgium. And facilitated Wang’s departure from and divestiture in South Africa. The first really big democratizing sea change in difí was the shift from branches to ATM operations. I think of that era as the first wave of distributed finance. And then the internet changed everything. And now millenials have taken everything to a whole nutha level. And now nerds of the new millennium are going way beyond us and completing the dream of every real hacker nerd from the 70s - using technology to actually fix social problems. Bitcoin is a technological solution that fixes the money. And honestly if we fix the money we can fix almost everything. Let’s move on to THE ENVIRONMENT. And SOCIAL JUSTICE. I am so damned proud of this generation.

coinfeeds-bot

tldr; In the UK, a shop owner named Habibur Rahman has been charged for operating an illegal crypto ATM, marking the first such criminal charge since the Financial Conduct Authority (FCA) banned crypto ATMs in 2022. Despite the ban, there were 81 operational crypto ATMs in the UK as of March 2022. Rahman, arrested after a search warrant was executed at his electronics shop in Chatham, Kent, is also accused of laundering £300,000 into digital assets through the ATM. He is currently out on bail with a court date set for October 10. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

fridolin2509

My goal is 0.1 ATM but as soon as I reach that I know I am gonna adjust I will still achieve some peace of mind at that point

MiguelLancaster

I'm at the ATM machine right now and can't answer, sorry

coinfeeds-bot

tldr; Habibur Rahman, the owner of Gadcet shop in Chatham, UK, has been charged with operating an illegal cryptocurrency ATM, marking the first such case in the UK. Kent Police seized several crypto ATMs from his shop on April 28, 2023. Rahman is accused of operating without Financial Conduct Authority (FCA) registration and laundering £300,000 into cryptocurrency. He is bailed to appear in court on October 10. The FCA warns that crypto ATMs can be used for money laundering and are high risk. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; In the UK, Habibur Rahman was charged for operating an illegal crypto ATM and laundering £300,000 ($395,000). This marks the country's first-ever crypto ATM indictment. Rahman, who ran a mobile phone shop in Chatham, Kent, was arrested in April 2023, over a year before being charged. The UK's Financial Conduct Authority (FCA) had banned crypto ATMs in 2022, requiring operators to register with the FCA. Following a crackdown, it's estimated there are no longer any crypto ATMs in the UK. Rahman is set to appear in court on October 10. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Shiratori-3

It does feel a bit that way. And they do seem to be throwing a bunch of stuff out at the moment against all parts of ecosystem - wallets, defi, NFTS, etc, which I think everyone knew were on the list as part of the broader clampdown push. There's the international monitoring and tax stuff starting to happen ATM as well - which was flagged in the Whitehouse fact sheet on crypto etc the other year. Wonder if there's a dual timing element as well - there's only so much window before the elections, and iirc (unchecked suspicion) this isn't the first time that SEC have used the September market slump to make various pursuits public - they usually tend to coordinate and be quite deliberate about timings.

Cryptogoattt

$RICHAD is the best project ATM. This project will definitely hit the 10 Mil Mcap

inShambles3749

Tron desperately trying to be something else than just a money dump and ATM for Justin Sun.

HairyChest69

I agree. I might be in a minority idk, but I like to believe we are headed into a future of AI automation where people can take UBI and spend 40hrs or more a week pursuing their hobbies and passions. Work could be optional. And I'm talking about retail workers as well. Everyone. Work is optional with extra benefits. Of course ATM it seems like a pipe dream

Dettol-tasting-menu

You have a ledger. Just use it. Set up an account on any reputable exchange (it’s the easiest) and setup your ledger PROPERLY with all the seed recovery tested and practice a few times and be confident about it, and then just start stacking! Analysis paralysis is the biggest enemy. A lot of talk here about Ledger and shit are nitpicking to some extent… if I don’t have any wallet would I buy a ledger myself? perhaps not, but if you have one, just use it. It’s pretty secure I have yet to see one single Ledger being hacked and drained that’s not due to user error. If ATM is easier for you (for small amounts) just go ahead. Download BlueWallet or Aqua or Green Wallet and send your sats to your phone if it’s small. Just. Get. Started. Good luck 👍👍

HoopsLaureate

I went to the car wash (Bliss in Orange County) and was surprised when they were advertising a Bitcoin ATM inside.

Its_Ben_Squeezy

Download a crypto wallet like trust wallet and then find a no KYC Bitcoin ATM in your town or city and then scan your bitcoin deposit address at said ATM and then buy and just HODL your BTC in that wallet until you're old enough to open an account with an exchange.

Smooth_Talk

With Bitcoin you'll be hard pressed to get your hands on some without going through a middleman, even if it's a Bitcoin ATM. What you'll want to focus on is proper cold storage, there's a phrase you'll see a lot "not your keys not your coins". This basically translates to if you're not holding the private key for the wallet where your coins live they're not your coins. Even platforms like Robinhood will let you withdraw your cryptocurrency to a wallet. Doing this is often called self custody, there's risks involved but you're not trusting a middleman to hold your coins.

SzaboSolutions

bitcoin ATM

Ok_Carpenter_4720

Wow, $28 million is no small feat! This crackdown could have significant implications for Bitcoin ATM operations and regulations moving forward. It's a reminder of how quickly the landscape can change in the crypto world. What do you think will be the long-term effects of this on the crypto market?

Zapitnow

I don’t think i have heard of a Bitcoin ATM that gives cash in return for bitcoin. Only the other way around i think. But Have you? I imagine it’s a more awkward design because the machine would have to wait for the blockchain transaction to complete before giving the cash, and the person would have to wait at ATM of that time.

TradeWindsATX

All my local crypto ATM’s now only let you deposit cash for crypto. With a 9% vig. Will they all go out of business? Did they pass a law in the US saying that you can’t turn crypto into cash at an ATM?

SzaboSolutions

Best way IMO would to be trade cash for some bitcoin from a family member or friend and have them send it to your wallet blue wallet or green wallet will both be good starting places for a mobile wallet on your phone. If that isn’t possible you can also look for a bitcoin ATM near you on websites like coin atm radar which will show you the nearest active one. There are also P2P exchanges online like hodl hodl and bisq. Or you can buy from regulated exchanges like strike, cash app, river, kraken. Ideally if you’re brand new you never give KYC info to buy bitcoin as intended. I think the trade offs are better to just buy without it and you store and control your own bitcoin .It’s still bitcoin but yea.

No-Contribution9918

>Because Ethereum is Solana's only real competition ATM and "L2's are Ethereum" or so I've heard. I just want the people that hate Solana for downtime and love Ethereum, to at least be consistent in their hate or at least consistent in their classifications. L2s are not Ethereum, as they compromise on security and decentralization, and do nothing to scale Ethereum. And since I'm not really a fan of Ethereum, it's L2s, or Solana, I'd say I'm consistent there. >You can keep fading a popular blockchain because of one missing disclosure by the foundation half a decade ago, or realize that the chain is doing fine regardless and that it hasn't materially had any affect and the only people who care are literally just the people in this subreddit. You're not investing in the foundation, you're investing in the blockspace. Outside of that one missing disclosure, the foundation has managed to launch a really popular chain. Keep fading the chain on account of the foundation if you want, but they've done really well. So me bringing up a valid criticism of transparency behind a chain (it being several years ago is irrelevant to my point) is me "fading a popular block chain". With all due respect, this sounds like typical crypto cultism. If that's what you want to believe, then go right ahead I guess. I don't care how successful Solana (or any crypto) is, if there is something valid to criticize, I will criticize. If you don't like it, you can just ignore me. >The are referred to as "transactions" because THEY ARE TRANSACTIONS. Calling them anything other than that would actually be the dishonest thing. Consensus messages are literally transactions, no getting around it. No one's arguing those aren't transactions on the Solana blockchain. My point is that not disclosing them as being unique transactions to Solana but marketing them as real usage (by users) is misleading; on most chains, transactions typically refer to usage (by human or bot) by transfers, minting, smart contract executions, etc. You may disagree, but that's how I see it. >No one runs archive nodes, IDK what you're talking about. You could run a full node if you want, but nodes aren't required to have the full history, because as long as they can validate the current state they don't need it. I suppose this is a matter of disagreement, but I think it is important to have distributed full copies of blockchains (or at the very least, access to older blocks), instead of relying on a centralized party for data storage. If no one runs archive nodes, then why even use a blockchain? >but why even bring it up then? Does Solana have it significantly worse than other chains? This sounds like whataboutism. I bring it up because it is arguably just plain robbery at worst or an unnecessary "tip" at best. Whether or not Solana has it worse or better doesn't matter; the point is that it has it. >these ones: Although token distribution is an important metric, it does not account for the fact that the same person/party can control multiple addresses, or if the addresses are actual people or just smart contracts. Having thousands of globally distributed validators is great, but again, you have to ask who runs these validators. Are they independent parties or the same party? Do the validators self-stake with their own funds or do they receive delegations? If delegations, are the delegations from different sources or the same source? This is also why Nakamoto coefficient is not exactly the perfect metric. Client diversity is a net positive, assuming the same team is not behind both clients. In any case, having high validators requirements can lead to centralization, even if on paper there are thousands of validators. Any wealthy enough individual or massive corporation can run multiple validators, or can fund (via delegation) others to run validators on their behalf (and if a validator has enough delegations, this means more fees for the validators, offsetting expensive validator costs). With chains that have lesser validator requirements, you can at least give the Average Joe using a normal computer or a good gaming PC the ability to participate in consensus, even if this makes it easier for wealthier people to run multiple validators.

jawni

>I'd even say I like Solana more than L2s, but still not by much. Still, not sure why you would bring up L2s. Because Ethereum is Solana's only real competition ATM and "L2's are Ethereum" or so I've heard. I just want the people that hate Solana for downtime and love Ethereum, to at least be consistent in their hate or at least consistent in their classifications. >Not disclosing still sounds like dishonesty to me, which was my point. You can keep fading a popular blockchain because of one missing disclosure by the foundation half a decade ago, or realize that the chain is doing fine regardless and that it hasn't materially had any affect and the only people who care are literally just the people in this subreddit. You're not investing in the foundation, you're investing in the blockspace. Outside of that *one* missing disclosure, the foundation has managed to launch a really popular chain. Keep fading the chain on account of the foundation if you want, but they've done really well. >Also, "there were no lies about TPS"? Are you serious? Consensus txs being included as TPS is completely dishonest, end of story. The are referred to as "transactions" because *THEY ARE TRANSACTIONS*. Calling them anything other than that would actually be the dishonest thing. Consensus messages are literally transactions, no getting around it. >The issue is that this will lead to centralization of data storage. Obviously every chain will run into this, but Solana will obviously run into it way faster. For the present though, it would be a problem if I wanted to run a full node. On many chains, I can do it if I wanted to. Not for Solana though. No one runs archive nodes, IDK what you're talking about. You could run a full node if you want, but nodes aren't required to have the full history, because as long as they can validate the current state they don't need it. >Never said it was unique to Solana, but it is a problem nonetheless. Also, couldn't care less about memecoins. but why even bring it up then? Does Solana have it significantly worse than other chains? >There are many metrics for decentralization. Which one are you referring to? these ones: >For the record, VanEck believes SOL is a commodity, much like BTC and ETH. This belief is informed by evolving legal perspectives, where courts and regulators have begun to recognize that certain crypto assets may function as securities in primary markets but behave more like commodities in secondary markets. Also, over the past year Solana has made substantial progress in decentralization; the top 100 holders now control approximately 27% of the supply, a significant reduction from a year ago. Moreover, the top 10 addresses now hold less than 9%. With over 1,500 validators across 41 countries, operating in more than 300 distinct data centers, Solana boasts a Nakamoto Coefficient of 18—surpassing most networks we monitor. The upcoming Firedancer client will further bolster decentralization, ensuring no single entity can dominate the blockchain. This decentralized infrastructure, combined with SOL's utility and economic role, aligns it closely with digital commodities like BTC and ETH. We remain committed to advocating this position alongside our exchange partners to the appropriate regulators https://x.com/matthew_sigel/status/1825630564407267779

fridolin2509

IDC about prica ATM they should finish all token mergers asap. My agix is laying around on cardano...

truthseeker1228

You can't change someone's mind who isn't open to changing their mind. Yall are both being stubborn in your positions (personally i believe in btc) sounds to me like if you want to keep your marriage intact,compromise needs to be discussed. Yup, it sux. But at least it sux for both. ATM there's no way to make both happy. What is it that she wants or expected? Get rich quick? Will selling half at a loss "shut her up" for a couple years? Again, this idea totally sux, but at least it's a compromise.🤷‍♂️ what does she want or need the liquidity for? Did yall have a game plan going in? Like, did yall look at it like buying a ten year bond or a five year cd? Many investments that are solid,are more of a long term strategy.

Bunker_Beans

> Time to set up an old PC to only be used by your crypto, unsynced with outside accounts to use it as your ATM. This cannot be overstated. I bought a crypto-only laptop earlier this year. The only application installed on the laptop, aside from those that come preloaded, is the Trezor Suite. You can never be too safe.

kirtash93

As someone who has paid $24k for being dumb once and also have his bitwarden unlocked for X minutes when getting hacked. Every extra security step you take its a bless. Even if you feel paranoid. Time to set up an old PC to only be used by your crypto, unsynced with outside accounts to use it as your ATM. If you want to trade or whatever, use another different device.

Adventurous_Ice_8587

Those days were different no exchanges no online wallet you had to write the code for your transactions and for your encryption. So it was definitely not luck of the drawing. You know lots of people will say oh you were just lucky. No, I was actually writing code for decades, and I was working my butt off to learn it and to build webpages because I saw how the world was changed by computers, so when the Internet dropped, I was like oh my gosh you know we we’ve hooked computer together before making the super computers but this is beyond that so I was in the.com. We did great and it was lots of fun and everybody that was involved the same ration. I’m not kidding you if it wasn’t good for everybody involved, I didn’t want anything to do with it. Limited a lot of the contracts I received, and I had to freelance for a decade. That was hard as well. I lost probably 20 or 2500 bitcoin, when they were a buck or so by trying a shareware wallet idea. It was my fault. I didn’t erase some of the programs and software I needed to prior to installing. So there were a couple problems when it installed and I had imported a new address for every transaction….. whoops. I read today the gentleman trying to dig up. The landfill has been turned down by the city again. Another situation where a city could be blessed with a lot of money just by letting the guy dig through their garbage and then put it back. They think he’s gonna collect a bunch of names and do it four CCC. Like the tweakers back in 1999 and 2000. The first cell phone companies were some of the dirtiest stores as far as ripping the customers off as well. Anyways, I guess my long point you’ll have to excuse me I have autism. It’s a verbal autism so I over explain and something you say in a sentence it takes a paragraph so bear with me and thank you. You don’t need to read this never bothers me if anybody reads it. Just saying there’s bitcoin because of the network and technology backing it. That’s where it’s going to change things and increase the price of a coin. I’ve been pigeonhole since 2012 2013 for throwing my money away although I’ve got a debit card just like my bank debit card that I can go to any ATM and pull money out even if it’s a non-bitcoin. I’ve been very lucky to buy high and sell low after selling over 100 for $200-&400. 2 of my family elders had metastatic cancer. Each one went to the specialized hospital for their own treatment plan. Worth every penny of it. Humans can’t be replaced bitcoin and money that’s a simple equation.

Appropriate_View8753

There was a post the other day showing a van with two ATM's mounted in it, access from the side doors.

Hoffi1

What is weird about that? The ATM just needs a free space, electricity and internet access. You might rent a space and send a guy out for installation. Who should check if you have a permission?

CoolJoeLiam

I find that to be one of my main frustrations with Bitcoin. I refuse to use fiat ATM’s or currency exchanges that charge 1% so why would I not be as conscientious about Bitcoin exchanges. It took a lot of testing and comparing but I found a reliable way to get close to .5% on fees, not just buying but moving to cold storage too. Here’s a thread from earlier today where I gave more details about using Kraken Pro and Muun: https://www.reddit.com/r/Bitcoin/s/oj0HEo8ANL

lennethluna

How they install ATM without authorization? Weird.

hiorea

> The seized devices were operated without the required permission from BaFin and posed money laundering risks, the agency said. The ATM owners face prosecution and up to five years in prison. I like to see this stand for real fraudsters