Total banking outage at National Australia Bank (NAB) – no ATMs, online banking, nothing. NAB has closed accounts of Bitcoin related customers since 2014. Centralized banking doesn’t work, payback’s a bitch.

Total banking outage at National Australia Bank (NAB) - no ATMs, online banking, nothing. NAB has closed accounts of Bitcoin related customers since 2014. Centralized banking doesn’t work, payback’s a bitch. submitted by /u/junglehypothesis
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Bitcoin – The Currency of the Internet

Bitcoin ATMs Reach 3061 in Number, 1000 added since December, Installations Growing at 10 Percent a Month

Notable stats:

Average machine does 30k a month in sales at an approx 9 percent gross margin

3 million a day in total sales for all machines

90 percent of sales are cash for bitcoin

10 percent are bitcoin for cash

340 Machines added in April

Sources: https://coinatmradar.com/charts/ https://coinatmradar.com/blog/category/bitcoin-atm/statistics/ https://coinatmradar.com/blog/revenue-and-costs-of-running-a-bitcoin-atm/

submitted by /u/olesentv
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Bitcoin – The Currency of the Internet

Don’t invest if you don’t trust in Bitcoin. Price is unimportant in the long run. The real value of it through adoption and real-world usage is sky-rocketing since months.

Just thought I'd share what I see as the most important lesson I've learned since I started to get Bitcoin.

Its current price is not its value.

Price is only temporary and will always adjust to value in the end.

You can get a grasp of Bitcoins real value everytime you see news about which new country or organisation is adopting bitcoin. Everytime you see some random sign that says "accepting Bitcoin now". Hell, you can get debit cards by now that you just use like the normal ones and in the background every payment is paid from your wallet instead of your bank account.

But most importantly I learned to bother less about how much fiat my coins are worth because getting Bitcoin should be about having Bitcoin to use in the future because for me there is now doubt about it replacing our current money system.

It already is.

So better be honest to yourself. Do you really trust in Bitcoin and are willing to ignore the price going down because you see its true value?
Or are you just after something to make money with. There's absolutely nothing wrong with that but the problem is if you don't put value>price than you're in for a lot of sleepless nights.

Have a good day everybody. And keep sharing all those pictures about random local stores accepting BTC now 🙂

submitted by /u/mooneken
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Bitcoin – The Currency of the Internet