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Title: We should stop using the term Bitcoin ATM Post by: Elwar on January 15, 2014, 10:26:15 AM The term Automatic Teller Machine (ATM) has connotations that come with it that could be avoided if we just avoid using that term.
How many Coke ATMs have run into regulation difficulty? When getting tokens out of a token ATM did you need to have your hand scanned? There is even a gold dispenser. No regulations necessary. Title: Re: We should stop using the term Bitcoin ATM Post by: bitpop on January 15, 2014, 01:02:19 PM So dispenser or vending?
Title: Re: We should stop using the term Bitcoin ATM Post by: gortonc on January 15, 2014, 01:17:55 PM Either one--the point is to avoid the term ATM.
BTW I agree with OP. A teller is a functionary of a bank, and banks warrant regulation. As long as you are not "changing" money, or dispensing fiat there should be no need for regulation beyond that required for candy machines. Title: Re: We should stop using the term Bitcoin ATM Post by: bitpop on January 15, 2014, 01:30:43 PM Automatic Bitcoin machine
Title: Re: We should stop using the term Bitcoin ATM Post by: greyhawk on January 15, 2014, 01:49:06 PM So, BTC is a commodity? Got it.
Title: Re: We should stop using the term Bitcoin ATM Post by: phillipsjk on January 15, 2014, 05:48:24 PM Automatic Bitcoin machine ABM: which sometimes stands for Automatic Banking Machine were I live. Title: Re: We should stop using the term Bitcoin ATM Post by: mgio on January 15, 2014, 05:53:32 PM The term Automatic Teller Machine (ATM) has connotations that come with it that could be avoided if we just avoid using that term. How many Coke ATMs have run into regulation difficulty? When getting tokens out of a token ATM did you need to have your hand scanned? There is even a gold dispenser. No regulations necessary. Except there are regulations necessary! A bitcoin ATM is a money transmitter and needs to be licensed appropriately as such. There is no getting around this by simply calling it a "bitcoin dispenser" or something. Changing the name doesn't change what it does. Title: Re: We should stop using the term Bitcoin ATM Post by: guybrushthreepwood on January 15, 2014, 05:54:07 PM The term Automatic Teller Machine (ATM) has connotations that come with it that could be avoided if we just avoid using that term. Sexual connotations... like Ass to Mouth ;D. Automatic Bitcoin machine ABM: which sometimes stands for Automatic Banking Machine were I live. ABM stands for Atmospheric Black Metal where I live :D. Title: Re: We should stop using the term Bitcoin ATM Post by: retrend on January 15, 2014, 05:54:40 PM How is it a money transmitter if it sells bitcoins?
Title: Re: We should stop using the term Bitcoin ATM Post by: Lethn on January 15, 2014, 06:26:12 PM Bitcoin Transfer Device ( BTD ) :D or more accurately, Bitcoin Exchange Device ( BED )
Title: Re: We should stop using the term Bitcoin ATM Post by: Kenshin on January 15, 2014, 06:30:35 PM So dispenser or vending? So the Bitcoin Box Thingy? Title: Re: We should stop using the term Bitcoin ATM Post by: Thom on January 15, 2014, 06:33:22 PM Bitcoin Bucket.
as in: "I'm just going up the road to use the bitcoin bucket" Title: Re: We should stop using the term Bitcoin ATM Post by: franky1 on January 15, 2014, 07:02:11 PM crypto -cashier
Title: Re: We should stop using the term Bitcoin ATM Post by: mgio on January 15, 2014, 08:00:39 PM How is it a money transmitter if it sells bitcoins? See the FinCEN guidelines: http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html Title: Re: We should stop using the term Bitcoin ATM Post by: SirBitsalot on January 15, 2014, 10:27:51 PM People using the wrong technical terms for things is nothing new... I think when people say "Bitcoin ATM", we all know what they're referring to even though it may not be technically correct.
Title: Re: We should stop using the term Bitcoin ATM Post by: SirBitsalot on January 15, 2014, 10:29:18 PM Bitcoin Bucket. LOL! Sounds pretty catchy... I could see Bitcoin ATM's being referred to as something like a "bucket".as in: "I'm just going up the road to use the bitcoin bucket" BM - Bitcoin Manager Title: Re: We should stop using the term Bitcoin ATM Post by: p2pbucks on January 16, 2014, 12:32:43 AM why boycott ATM ？ Dont give a fck on FinCEN , btc need to be popularized first
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