Tested: We Buy a Bitcoin!

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Here’s the follow-up from our Bitcoin nightmare saga: http://www.tested.com/tech/concepts/460601-where-we-went-wrong-buying-bitcoin-atm/

Driven by curiosity, Will and Norm do something incredibly foolish while at SXSW: they buy a Bitcoin from an ATM kiosk. Watch them fumble through the transaction, try to buy real goods with that Bitcoin in Austin, and then attempt to cash out before flying back home.

20 COMMENTS

  1. why you should take money after you bought bitcoin??? the reason for bitcoin is to take place of currency not to help but to undermine the monopol of banks ;looks logic the show at the end since money will be useless in the future; btw those in charge has already all information about everybody since the birth

  2. Bitcoin isn't such a rip off if you don't use terrible services. Using one of those machines is like using an ATM that charges you really high fees for each withdrawal – No one in their right mind would use one unless they were desperate.

  3. Please do not pay your hard earned money to but an electronic coin that you have no control over?? It's a goverment scam for you to get rid of our gold and silver and your bitcoins will rob you. God bless you.

  4. soooo when does the atm take the percentage?? for example if I need 180 worth in btc will the machine tack on its transaction fee totaling 195? or will it take it out of the 180 ??? I'm confused.

  5. stupid video, bitcoins are not for local good purchases, main use of bitcoins is to make oversees payment without revealing identity and to buy services online which are good but not legal, like supporting movements or helping someone to get visa.

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