Friends,
This week I discovered our Denver North office has a Bitcoin
Teller Machine (BTM). What?!? A convenient way to cash-out on all your Bitcoin
millions before the hype wears-off. Except, this teller only TAKES your
hard-earned dollars and converts them to Bitcoin. It does not DISPENSE hard
currency. What’s the use case for that? Never mind, duh! It’s the general
scenario that will ensure Bitcoin never goes to zero (despite recent trends).
Crime! Say you are a crime boss (or petty criminal) who wishes not to have your
transactions traced. An anonymized crypto-currency is the perfect vehicle to
contract for that hit job, buy and sell stolen goods or funnel your monies far
from prying eyes. But what if your cash business still accepts, well, cash?
What do you do with all that clunky paper? Depositing it at your bank so you
can buy your crypto online defeats the whole scheme. Enter the BTM. First you
rent some office space at Spaces (which, by the way, makes for a great front).
Then, discreetly stop at the BTM as on your breaks. Kind of makes one wonder
what line of business our neighbors are in… Before we get all paranoid about
that guy making frequent restroom stops, let us remember that wherever there is
a donut, a police officer is always nearby –lest you doubt, I’ve included a
photo taken whilst waiting in line to get donuts. I suppose that’s why LaMar’s
doesn’t take Bitcoin as payment! Regardless, donuts are here, so it should be
safe!
Happy Friday!
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