{"id":5857,"date":"2018-05-09T03:37:22","date_gmt":"2018-05-09T03:37:22","guid":{"rendered":"http:\/\/www.mrericsir.com\/blog\/?p=5857"},"modified":"2023-07-12T21:14:46","modified_gmt":"2023-07-12T21:14:46","slug":"theres-now-a-bitcoin-atm-at-the-metreon-because-of-course-there-is","status":"publish","type":"post","link":"https:\/\/www.mrericsir.com\/blog\/local\/theres-now-a-bitcoin-atm-at-the-metreon-because-of-course-there-is\/","title":{"rendered":"There’s now a Bitcoin ATM at the Metreon, because of course there is"},"content":{"rendered":"\n
\"Bitcoin<\/a><\/figure>\n\n\n\n

Recently a tipster informed me a Bitcoin ATM had appeared at the Metreon. Needless to say I had to check this out.<\/p>\n\n\n\n

If you’re looking for the machine it’s near Cafe-X<\/a>, the robot espresso machine, as well as a vending machine that somehow makes “gourmet” ramen. So in theory you could trade in your Bitcoin and use it to have a meal and coffee prepared entirely by robots!<\/p>\n\n\n\n

Well okay, the above scenario isn’t entirely true since the Bitcoin ATM only converts Bitcoin to and from cash, which isn’t accepted by Cafe-X.<\/p>\n\n\n\n

I thought I’d give the machine a spin but was immediately turned off by it. To identify yourself you need to insert a state ID or driver’s license, so this isn’t anonymous at all. What’s the point of buying a stolen yacht on the dark web if the transaction can be easily traced back to me?<\/p>\n\n\n\n

But when I got home and looked at the ATM company’s website I found a second reason not to use it: transaction fees. To quote from the very last item on their help page:<\/a><\/p>\n\n\n\n

\n

We charge a 10% service fee for both buying and selling Bitcoin at our Kiosks.<\/p>\n<\/blockquote>\n\n\n\n

In comparison online Bitcoin trading platforms only charge around 2%, so that’s a steep markup. Think about it: depositing $200 means you’re losing $20 — almost enough for a movie ticket in the Metreon’s IMAX theater.<\/p>\n","protected":false},"excerpt":{"rendered":"

Recently a tipster informed me a Bitcoin ATM had appeared at the Metreon. Needless to say I had to check this out. If you’re looking […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","slim_seo":{"title":"There's now a Bitcoin ATM at the Metreon, because of course there is - MrEricSir.com","description":"Recently a tipster informed me a Bitcoin ATM had appeared at the Metreon. Needless to say I had to check this out. If you're looking for the machine it's near C"},"autoblue_enabled":true,"autoblue_custom_message":"","autoblue_shares":[],"autoblue_post_url":"","autoblue_publish_document":false,"footnotes":""},"categories":[19],"tags":[1018,1291,577,16],"class_list":["post-5857","post","type-post","status-publish","format-standard","hentry","category-local","tag-bitcoin","tag-cryptocurrency","tag-metreon","tag-wtf"],"_links":{"self":[{"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/posts\/5857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/comments?post=5857"}],"version-history":[{"count":8,"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/posts\/5857\/revisions"}],"predecessor-version":[{"id":9917,"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/posts\/5857\/revisions\/9917"}],"wp:attachment":[{"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/media?parent=5857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/categories?post=5857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mrericsir.com\/blog\/wp-json\/wp\/v2\/tags?post=5857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}