There was a great “Whoa!” factor using this great piece of technology. The future of finance is here ladies and gentlemen. The Bitcoin ATM is done by BitEx and can be found in GSM Solutions along the Luas line.
With the Bitcoin Wallet application on a smart phone, all one has to do is open the app and scan the QR code on the ATM. With the mobile device and ATM connected, one just inserts money into the machine to see how much Bitcoin can be bought for. Double check if the unique wallet address is correct and agree to buy Bitcoins. The ATM gives the option to send the receipt to an e-mail address. In seconds the Bitcoins appears in the wallet. After receiving the Bitcoins, my wallet suggested to me to back-up the wallet, encrypt with a password and forward the back-up to another device; in case I lose my phone and with it my Bitcoins on the way home. “Whoa!” indeed.
Well beam me up Scotty. Now ready to buy a coffee with a currency system that does not require perpetual debt and bailouts. Financial freedom within out life time.
Since last time I was in the shop, the price of Bitcoin moved up to €203 per Bitcoin. Including fees, that puts the price of Bitcoin from the ATM around €210. I spent €25 on BTC0.11560217.
What is Bitcoins? How do we get Bitcoins? How do we use Bitcoins? How do Bitcoins work? Are all really hard questions to answer without actually going through the process yourself. Do you have any clue how the international financial system works before you buy a cup of coffee? No, but maybe you should learn about this kind of stuff in the future. For now I will describe how someone from can get Bitcoins working on their mobile phone so they can purchase coffee in one of two cafes I know that uses Bitcoins.
If you have a smart phone, just search in your application store for what we call a “Bitcoin wallet”, this will receive, store and send your Bitcoins. I have no preference for any particular wallet. I just downloaded the first one I saw with a good rating. As long as you are only experimenting with a small number of Bitcoins, it is OK to take a risk. Remember that if you lose your phone, you lose the Bitcoins saved in the wallet.
GSM Solutions is the only place in Dublin that I know of that sells Bitcoins. I do not know any websites online were one can buy Bitcoins with ease. Today the price of Bitcoin went up slightly to €195 per Bitcoin. One can buy 0.1BTC for €20, which leaves a small margin for commission. Much easier that fiddling with bank details online. Unfortunately today their Internet was down so I could purchase a Bitcoin, but they generously gave me a free sample to explore with.
They gave me paper voucher to collect my Bitcoins online. At first I thought this was a bit convenient as I wanted it now on my phone. I went on to the Coinkite website with the special address given on the voucher. I had to go into my Bitcoin wallet to click on my QR code to read the long Bitcoin wallet address. I had to type in my wallets address to receive my Bitcoins. I actually made one mistake with the capitals and the request luckily did not go through. After carefully typing in the Bitcoin wallet address and sending it, the Bitcoins finally reached the Bitcoin Wallet on my phone in seconds. The transaction is then recorded in the public Bitcoin ledger, called the “blockchain”, for everyone to review the transaction.
So I went into the shop. Spoke to the lads. Made an order and had Bitcoins on my mobile phone shortly after coming home. Nice and simple after you get your head around how the technology works. It is the money of the future.
Now what can I purchase with mBTC0.25? Bitmatches?
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I bought a new domain name which I was going to use to develop a new project I had in mind. I thought I might as well let it sit on top of my main website that I use to present myself to clients. Happy with my days work I went to get on a train to meet with a friend who works in marketing.
On the train I received a notification of an e-mail informing me that someone had installed a website on hosting. Even stranger still I received another e-mail saying that it been removed. I checked my main website. All my content had been destroyed!
I found out that someone from tech support had violated my hosting package by installing a website on top of a website that already existed. Thus destroying all my content. All I got from tech support was an explanation about happened, but they never decided to undo the destruction that they have caused. I was furious, but anger only weights one down.
So I had work on developing a new website, identical to my last, to be my new main website that I use to present myself. I was able to use PHPMyAdmin to look at my old database for some of my content. So not all was lost.
When I was a senior web developer for a company, we didnt have these kind of shenanigans. But this is the price you pay when you rely on tech support to manage your hosting. The main lesson learned is to always back up ones work. Even if you have paid money to a hosting company to protect your website form random acts of destruction, chaos can always from within.
After spending sometime talking to peers in the web industry, I deduced that HTML5, CSS3, Bootstrap and AngularJS are the current industry standard for web design. At this day of age, responsive web design that is easily viewable by desktops, mobile and tablets is a must. WordPress is still the CMS of choice for most small to medium businesses.
After spending time planning carefully what I wanted, I built a website to promote professional skills. There were bumps along the way, but it is all a part of the learning experience. Even though this website only took me three hours to get up and running smoothly, each hour took a day to plan ahead. Planning is the longest and most essential part of good web project management.
Now I am ready to take on new clients, business opportunities and adventures. Confident knowing that I can take the web head on.
Pleas contact if you are interested in working together to build a web project.
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