List your Bitcoin ATM on LocalBitcoins

Starting from today you can list the locations of Bitcoin ATMs (automatic teller machines) on LocalBitcoins. LocalBitcoins wants to see the Bitcoin ecosystem growing and we believe ATMs are one important part of in the process of making Bitcoin more consumer friendly.

Buying Bitcoins with cash is safe and easy making LocalBitcoins popular service among the first-time Bitcoin buyers. LocalBitcoins has cash trading activity already in 5000 cities, so advertising your Bitcoin ATM on the site brings good visibility for the machine.

As the writing of this, LocalBitcoins has Bitcoin ATM advertisements e.g. in Helsinki, Singapore, Zurich, Alberta and Boston.

• Bitcoin ATMs will show up on the map with other cash trades (see ATM in the listing).
• All ATM models supported (Lamassu, Robocoin, etc.)
• When setting up an advertisement, separate buy and sell advertisements are required, as all ATM models do not support both functions.
• Setting up an advertisement is free.

You can find the Create ATM advertisement button under the Dashboard of your user profile on LocalBitcoins site. Here is the direct link for creating a Bitcoin ATM advertisement.

Pricing information is not available yet, so the Bitcoin exchange rates are not shown for ATMs.

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LocalBitcoins Responds To The Ukraine/Russia Crisis

Is your country going to war, and your national currency value is dropping like bomb? Or is your country in crisis, and the banks are implementing currency controls? Only able to withdraw $100 cash per day?

You know the solution... Check it out below.

Bitcoin sellers/buyers in Russia
Bitcoin sellers/buyers in Ukraine

Or spread the word and earn Bitcoins using our Affiliate Program.

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If Someone Buys Bitcoin Today, They'll be Lucky to See a 300%+ ROI

There's significantly less incentive for someone to speculate on Bitcoin today. To see a return comparable to what we've been seeing over the last couple of years, the amount of capital that would have to be injected into the markets is exponentially more than it was just over a year ago. This is going to cause investors to really do their homework before buying Bitcoin, and recent news events are exactly the sort of thing that will deter new investors.

Next, the vast majority of merchants are using Bitcoin as a protocol, not as a store of value. Anytime we hear of a new merchant choosing to "adopt Bitcoin," what they're actually doing is two-fold. One, they're getting free advertising for themselves, especially local businesses that find themselves on the front of the business sections of their local papers. Two, they're not adopting Bitcoin, they're adopting BitPay or Coinbase. These merchants care about lower fees and irreversible transactions, not so much the value of a Bitcoin itself. There are a few exceptions where the merchants retain some or all of the Bitcoins, but they're the minority, by far.

Third, Bitcoin early-adopters are cashing out. When you hear about Overstock, TigerDirect, Fancy, and others doing hundreds of thousands, if not millions of dollars of business in Bitcoin, those are old Bitcoins that are being sold. No one is going out to buy Bitcoins so they can make purchases they could already make with PayPal. It's inefficient and expensive.

Finally, there are better protocols that are being derived from and have improved upon Bitcoin. If Bitcoin is more useful to businesses as a protocol, then why wouldn't a better protocol oust Bitcoin in the long run? The Bitcoin 2.0s of the world (Ethereum, Open Transactions, Ripple, etc) will eventually unseat Bitcoin. Some say that Bitcoin will remain an ideal store of value, and the other technologies will become the ideal "payment rails," but is Bitcoin really a good store of value if 35% of Bitcoins are held in only 500 addresses?

Anyway, suffice it to say that I'm not done in the crypto-currency space. I've divested into Bitcoin 2.0 technologies, and look forward to seeing the space grow. I expect to see better returns on those investments than I would if I simply held Bitcoin.

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Please discuss here: https://bitcointalk.org/index.php?topic=496365.0

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I Sold All My Bitcoins

There are better ways to implement globally distributed ledgers that allow for instant payments, sans drama.

Feel free to comment on this post when Bitcoin hits $10,000 so you can ask me how "butt-hurt" I am!

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