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Title: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: fwho on March 25, 2013, 06:32:17 PM I think it would be a vending machine.
Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: Matthew N. Wright on March 25, 2013, 06:35:09 PM I think it would be a vending machine. Probably could be argued as that, but it would still be trading stored values and be subject to FinCEN regulation if that's what you're getting at. Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: thefiniteidea on March 25, 2013, 06:35:56 PM It would be an MSB :P
Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: fwho on March 25, 2013, 06:36:34 PM I think it would be a vending machine. Probably could be argued as that, but it would still be trading stored values and be subject to FinCEN regulation if that's what you're getting at. Wasnt really trying to go anywhere. Just a random off topic question. Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: benjamindees on March 25, 2013, 07:02:25 PM Matthew, Bitcoin is not "stored value" because it isn't backed by anything.
Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: Matthew N. Wright on March 25, 2013, 09:52:00 PM Matthew, Bitcoin is not "stored value" because it isn't backed by anything. I meant values in a programmatic integral sense. Variable = value. Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: Matthew N. Wright on March 25, 2013, 09:52:31 PM ^^ The above post was a joke, but I clicked submit accidentally and forgot I can't edit my own posts anymore. Thanks Obama.
Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: Phinnaeus Gage on March 26, 2013, 03:15:12 PM ^^ The above post was a joke, but I clicked submit accidentally and forgot I can't edit my own posts anymore. Thanks Obama. Did I just learnt that a person tagged can't edit their posts? Title: Re: Would a Bitcoin ATM be an ATM or a Vending Machine? Post by: Littleshop on March 26, 2013, 04:20:55 PM I think it would be a vending machine. Could be either. Vending machine as in drop in $20 and get a code worth $20 of BTC. Or when price is more stable drop in $20 and get a private key with about $20 of btc. As an ATM you are doing something more interactive such as both buying and selling. You could give the ATM machine a code via QR to send BTC too. Both models could work each with advantages. |