How do bitcoin ATMs work? How easy is it to spend bitcoin? Some will allow you to transfer both ones, but ATMs in most countries are often one-way “vending machines.” Circulating bitcoin helps grow the economy. I get paid in bitcoin and I pay others in bitcoin. There are many things you can buy with bitcoin, including flights, hotels, and products on Amazon. Bitcoin is first and foremost the currency of the internet.
Watch the full talk here: https://youtu.be/rc744Z9IjhY
This talk took place at the Internet Days (“Internetdagarna”) conference during November 20-21st 2017 at the Waterfront Congress Centre in Stockholm, Sweden: https://antonopoulos.com/event/the-internet-days-stockholm-sweden/
RELATED:
How much bitcoin do you have? – https://youtu.be/DJtM9mR7cOU
Why I earn bitcoins instead of buying them – https://youtu.be/Ci7TyD8jETY
HODLing and the “get free” scheme – https://youtu.be/MhOwmsW1YNI
The Switzerland of currencies – https://youtu.be/pV83Qmy578c
Price volatility, pegging, stability – https://youtu.be/9KPyflyHP6s
Price premiums and arbitrage – https://youtu.be/B4tsk-ZiHuE
How long until mainstream adoption? – https://youtu.be/y3cKBDBabtA
Inspiring cryptocurrency projects – https://youtu.be/WW8norCKUbE
Hot vs. cold wallets – https://youtu.be/Aji_E9sw0AE
How do I secure my bitcoin? – https://youtu.be/vt-zXEsJ61U
Decentralization and the Architecture of Trust – https://youtu.be/wSRN8PUhHX0
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Subscribe to the channel to learn more about Bitcoin & open blockchains!
If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: https://www.patreon.com/aantonop
Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
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Thank you for this inspirational message.
This is why our store accepts Bitcoin, Ethereum, Litecoin and ICON.
Planning to add more.
AA answered more in the sense of using Bitcoin to pay for goods and services. To anyone wondering how they convert Bitcoin to fiat, I currently (but rarely) exploit two options. Those two options are Kraken and Local Bitcoins.
Kraken is an exchange that makes sending money to a bank account relatively straight forward. After being verified, you simply deposit your Bitcoin to Kraken, convert to fiat, and finally withdraw that fiat to your bank account. Clearance usually takes a day or two. Kraken has low fees, however, the website has a reputation for being a tad glitchy.
Local Bitcoins is interesting. It allows one person to sell Bitcoin directly to another. The system provided by the website acts as an intermediary to prevent (or reduce the chance of) one person from screwing over the other. One advantage of the site is that you can set your own sell price. Also, You can receive payments in a number of ways, each having varying levels of risk / security.
Sehr ansprechendes Video 😉 Bitcoin Rocks 😀 Best Regards!
"So because of anti-money laundering legislations btc atm's can't be used to sell bitcoin, only to buy" – "So it works the same the other way around?" :I
Exchanges, on the otherhand, where people sell btc, where you can buy btc, you can be like other people that sell that btc too, right? And then tell that exchange send those dollars to your bank account.
I bet with that answer, these obtuse people would come up with a follow up question of, "What if I don't have any BTC, how can I sell it then?"
Do you buy pizza with bitcoin too?
There are services like BitPay which allow you to convert BTC into local currency and then it is spent using the debit card, just like from your bank.
[2:17] You don't buy/sell/invest in BITCOIN; you earn it.
bitcoin god! good video
He's wrong about sending money to people in 25 minutes being the fastest. I can have two accounts. Send money to family by transfering money into the other instantly. The problems? Fees when they pull out the money. More fees if they are in a different country. Also, not everyone you send money to is going to have access to your bank account. So I think banks could make money transfers fast but they don't. I don't know why. Bitcoin is just so much easier.
Bitcoin wont replace paper fiat but exist along side it until the govt can collect taxes on it.
CAUTION! Bitcoin futures … just the beginning.
Bitcoin (cryptos in general) will go-up until everybody is-in and invested, then the price will be controlled via CME futures, then inflation will dig-in, then it will become digital fait currency, controlled just like the dollar, silver and gold, then the dollar will be replaced with their ‘fait’ digital bitcoin. Other cryptos will become illegal or heavily controlled. We will have joined their cashless society slowly, unknowingly, yet willingly.
I am not a nay sayer nor am I a supporter. Just trying to learn the ropes. My question is, do you think people believe that bitcoin is valuable, because its still convertable to FIAT? I mean, it's always valued against FIAT, e.g. the US dollars. $8000 bitcoin now. Just wondering, when the FIAT system crash, how will people value, for example, 1 bitcoin?
I always compare bitcoin to gold, as that's what btc is shown to mimic (the bitcoin coin looks like gold, you need to mine it, and there's limited amount, and central banks dont control it). But say in the end when the crash happens and FIAT goes to zero…. gold normally still will have some value (as its had over thousands of years)… just wondering about what one bitcoin will buy, since the mechanism that it's always compared against is already gone (i.e. the USD).
Just thinking out loud 😀 Not hating. Peace!
A Bitcoin ATM map: https://coinatmradar.com/
Find info for each ATM, unidirectional, two ways. Supported operations: Buy and Sell Bitcoin, fee etc.
Do you have a link to the full videos as well. I love how you brake it in pieces, but some times I would like to watch the whole thing
Bitcoin ATM's are a rip-off. Last time I used one I put in $90 and they gave me $78 worth of Bitcoin.
A) How can you possibly use any bitcoin when the value/price is so volatile?
B) BTC ATM machines have difficulties accepting a lot of clean bills, let alone 'dirty old' ones.
Andreas come to Philippines.
Just wait until that $12,000 pound of coffee turns into a $100,000 pound of coffee.
Only problem with this guys videos is they are too short, too few and too far between. We need more!
So sino yung contractor neto? Makapag-part time. ?
The best spokesman for BC, by far!
This was not helpful. I want to buy bitcoin but there is no vending machines in the united states
You haven't really answered the question. How are we suppose to cash out 1million $ worth of btc inti fiat?
We have such atms frombitcoin suisse company in Switzerland, but it is very expensive at least 10 or much more percent get lost when you change… I wanted bitcoin to my segwit adress, but they only give you paper wallet, so you loose twice 10 percent. When you want to change back from bitcoin to francs you loose 20 percent. Atms are very expensive, not only for banks. It is old to expensive technology.
Every time I hear him speak I get the feeling that this guy is Satoshi.
Thanks for your knowledge and input! – BTC: 1QC3t3wqPUTYgM4WHwRmtENZX9Nt57H1y8
I love the way you speak – it's straight forward, to the point, makes sense and makes one think about our modern predicament with Fiat currencies. You give us hope for a better tomorrow!
OpenBazaar
??✊ RESPECT
I'm sorry what? You cannot get money 25 minutes later with traditional banking? What's Paypal? What's local bank transfer? Even Western Union is relatively quick and still cheaper than BTC because of current fees. What you cannot do with traditional banking is avoid taxes easily, which is the primary advantage of BTC and an awesome ability. I pay my site's authors and contractors in cryptocurrency, and I get paid in cryptocurrency for my services, but I always choose Ether instead of Bitcoin because with Ether I actually get it 3 minutes later and at a fraction of a BTC Tx fee.
@aantonop what service do you use to send bitcoin payments which the recipient receives in their own bank account in their local currency?
At least magic internet money uses less resources to make and is undestructable, unlike paper money which costs lots to make and is thrown away in no time. In that sense, magic internet money makes more sense than magically overvalued paper money
Great as always. Keep the great job. I think foreign currency is a wrong word to describe what bitcoin is like. The better word in my opinion is supranational currency.
Andreas we love you
You are the best and smart bitcoin teacher.
Nice