Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The world’s first publicly-available bitcoin ATM is set for release this week in Vancouver, Canada.
Vancouver bitcoin trading company Bitcoiniancs has ordered five of the ATMs from Nevada-based RoboCoin. The final destinations of the other four kiosks are expected to be Calgary, Toronto, Montreal and Ottawa.
“Basically, it just make it easier for people to buy and sell bitcoins and hopefully will drive the adoption of bitcoin, and make it more accessible for people,” said the owner of Bitcoiniacs Mitchell Demeter.
The CEO of RoboCoin’s goal is to “make bitcoin truly grandma-friendly.”
Bitcoin investors are hoping that the currency can repair the damage from the recent shut down of online black marketplace ‘Silk Road’, a site that relied heavily on bitcoin to protect the identities of its buyers and sellers.
Bitcoin has been on a hot streak over the past couple of weeks, currently trading at just over $200/coin.
2 Comments
LAMB
AMAZING!!! Do you people really believe that there is such a thing as a BITCOIN? Really, it was invented to use for a cover-up by people who wanted to conceal their identity when they traded/bought ILLEGAL substances ON_LINE. The US authorities claim to have confiscated thousands of BITCOINS on Oct. 3, 2013. Strange – how can they do this when THERE IS NO SUCH COIN??
Matt
huh Joe, I gather you are heavy into Bitcoins. Good on ya, not so good on ya in the future though. So how does this “virtual coin” which is by and large an invention for geeks, cross over to the real world. Sure you can swap it for weed or car parts or whatever as long as you meet someone else that doesn’t want to pay taxes or be scrutinized and then he can swap it to someone even dumber and the beat goes on. AND maybe swapping is good, but not for some made up, no value, pyramid scheme, where first in wins, last out loses big time, coin that is simply a passing fad that will soon be a ‘souvenir’ and nothing more. If you want to swap, swap good things that you don’t need for good things that you need and forget this funny coin that your computer can “win” for you.