Hey Remember BitCoin? There Is Now a BitCoin ATM in a Baltimore Bar, For Whatever Reason
Source - The ATM lets customers buy and sell Bitcoins based on whatever the prevailing rate is at that particular moment (as of 10 a.m. Tuesday, CoinDesk listed the going rate for one Bitcoin as $386.62). It changes in real-time. “You can sit here and day-trade all day,” quipped Eric Grill, CEO of CoinOutlet, the North Carolina company that installed the ATM. CoinOutlet has more than 100,000 Bitcoin ATMs nationwide, with plans to put ATMs in BWI Airport and Penn Station, among other locations, with dates yet to be determined, Grill said. “I’m local, so maybe I’ll use it to buy a beer at some point,” said Bill Burch of Canton. Burch bought about $5 worth of Bitcoin. The machine took just 5 cents of his $5 as a commission. Joshua Riddle, cofounder of Federal Hill-based Bitsie, said the rate at the ATM is still better than many online exchanges. “The best part is when a company starts accepting Bitcoins, they see who’s really using it,” Riddle said. “Now with this ATM, a business can offer a discount for Bitcoins. There’s no transaction fees for the merchant.” For his part, Reusling said he accepts Bitcoin same as cash, with no special deals for those using the cryptocurrency. Riddle said his startup, which works with businesses to facilitate Bitcoin use in the area, is currently on-boarding six different companies. One of Riddle’s takers is rapper Sorcez Dieniro, who worked with Bitsie to accept Bitcoin as payment for his next album. He said he read a recent article in XXL magazine that talked about Bitcoin and the rappers who are coming around to the cryptocurrency, including 50 Cent. “50 Cent jumped to Vitamin Water. Nobody believed in Vitamin Water,” Dieniro said. “If 50 jumped … he’s a pretty intelligent guy, he made pretty intelligent investments.”
Been sitting here scratching my head trying to figure this one out. Even hit up your boy Banks on Gchat and asked him what the deal with this is, and he has no clue either. He also doesn’t know not to be a racist on Twitter, so I’m not sure why I expected much from him anyway. How does a fake currency have an ATM? Does unicorn dust come out when you make a withdraw? I don’t follow at all. But it’s a thing. And it’s a thing that is happening at a bar in Baltimore.
“You can sit here and day-trade all day,” quipped Eric Grill, CEO of CoinOutlet, the North Carolina company that installed the ATM. What the fuck does that even mean? Who goes to a bar to sit there and day-trade BitCoins? I have a feeling if you know what BitCoins are and how they work, you probably aren’t going to a bar to buy and sell them. Probably have never even been inside of a bar, or a female, at all. This whole thing is ridiculous. A year ago one BitCoin was over $1,000. Now they are at $386. Next week they will be as real as Nessie. You’re better off buying NateBux, at least we admit those are fake.