Had time to check out Albuquerque NM USA for around 4 hours due to getting bumped at their airport. Ended up at mall named Cottonwood equipped with bitcoin ATMs.
Outfit out of Seattle, Washington called coinme.com printed the following $1 receipt purchased at one of their many ATMs. We knew not to risk too much for this receipt valued at 0.0000603 BTC. Yup one dollar was worth SIX ONE HUNDRED THOUSANDTHS of a bitcoin. This particular Duke city ATM displayed that a single Bitcoin was worth around 16,584 USD, WHILE the most reliable measure of BTC value, the GLOBAL BITCOIN PRICE INDEX (GBX) listed the price at circa $15,000.
The takeaway here is that sites like the group at address 500 Yale Avenue N, First Floor are much like the poker tables in Las Vegas. They just want you to transact like crazy with their Automated Teller Machine. See those smart dudes know that One divided by $15,000 is a bigger number than One divided by $16,584
One other thing, we put our hard earned One Dollar in the ATM around 3 days ago and is still has not been recorded as a valid transaction at coinme.com. So our analysis indicates BTC’s enormously high valuation has to be as a a store of value for rich entities that do NOT trust the fiduciary acumen of the governments who print fiat currency by centrally controlled agencies. Coinme website said transaction would be posted on their website in 12 hours or fewer. They, of course, bail out by saying that blockchain is overwhelmed with multiple transactions per second which is true. BUT coinme still has the single greenback I gave them on that lazy Monday in the land of enchantment. Oh well, at least we have their address.
BTW, were there ever any references to Bitcoin in Breaking Bad?