I really thought this time last year that we would have a lot more
bitcoin ATM machines. There is so many people on localbitcoin especailly
in certain areas. I just really thought I would see more in heavily populated
areas. Why do you guys think there isn't many out there still? I know the one
I saw in California had ridiculous fee's but I think people still used it a lot.
One possibility is that the long term purpose of bitcoin with $8 per transaction is not to replace the small change which you buy a newspaper or a bread roll with, but to replace gold billion bars in Fort Knox and numbers on the reserve bank ledgers with something a little less heavy to carry around than solid gold and a little less fictional than the ledger. I don't think that anyone has yet complained at there not being an ATM for gold bullion bars.
If this is the case then we saw few installed ATM this year while the developments of low TX fee fast transaction time altcoins get evaluated, to see which of those should proliferate into a multitude of bitcoin-backed sidechains. This would see altcoin-sidechain atm's appearing in a later year, which must be suited to the small everyday transactions which people presently do with pocket money.
Has anyone had a go at evaluating point-of-sale use of Freicoin ?