Bitcoin Forum
December 17, 2017, 06:13:22 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2013-10-31 Forbes: Why Are People So Excited About A Bitcoin ATM?  (Read 1078 times)
Arvicco
Hero Member
*****
Offline Offline

Activity: 574


Please bear with me


View Profile WWW
October 31, 2013, 10:25:49 PM
 #1

http://www.forbes.com/sites/kashmirhill/2013/10/31/why-are-people-so-excited-about-a-bitcoin-atm/

1513534402
Hero Member
*
Offline Offline

Posts: 1513534402

View Profile Personal Message (Offline)

Ignore
1513534402
Reply with quote  #2

1513534402
Report to moderator
1513534402
Hero Member
*
Offline Offline

Posts: 1513534402

View Profile Personal Message (Offline)

Ignore
1513534402
Reply with quote  #2

1513534402
Report to moderator
1513534402
Hero Member
*
Offline Offline

Posts: 1513534402

View Profile Personal Message (Offline)

Ignore
1513534402
Reply with quote  #2

1513534402
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513534402
Hero Member
*
Offline Offline

Posts: 1513534402

View Profile Personal Message (Offline)

Ignore
1513534402
Reply with quote  #2

1513534402
Report to moderator
1513534402
Hero Member
*
Offline Offline

Posts: 1513534402

View Profile Personal Message (Offline)

Ignore
1513534402
Reply with quote  #2

1513534402
Report to moderator
1513534402
Hero Member
*
Offline Offline

Posts: 1513534402

View Profile Personal Message (Offline)

Ignore
1513534402
Reply with quote  #2

1513534402
Report to moderator
inform
Jr. Member
*
Offline Offline

Activity: 42

Eye for an eye, a tooth for a tooth 2014


View Profile WWW
October 31, 2013, 10:28:47 PM
 #2

Nice News

AND  GET AUTOMATIC START BONUS NOW https://satoshicircle.com/?aid=1580
Mitchell
Staff
Legendary
*
Offline Offline

Activity: 1652


Verified awesomeness ✔


View Profile WWW
October 31, 2013, 10:32:57 PM
 #3

Quote
Financial regulators have told him they’re not interested in his ATM as Canada doesn’t regard Bitcoin as a currency. The machine’s only nod toward the law is a palm scanner to ensure that no one palm exchanges more than $3,000 per day, per a federal requirement intended to prevent money laundering.
I did not know that. Great article!

            ▄▄▄█████████▄▄▄
        ▄▄███████████████████▄▄
      ▄████████████▀▀▀██████████▄
    ▄█████████████▄█  ▐███████████▄
   ████████▀▀██████▌  ██▀▀██████████▄
  ██████▀ ▄██▄  ███  ▐█▄▌  ███  ▐█████
 ██████  ████▌ ▐██▌  ███  ▐██▌  ███████
██████▌  ████  ███  ▐██▌  ███  ▐████████
██████▌  ██▀▌ ▐█▀█  █▀█  ▐█▀▀  █▀███████
████████▄▄▄█▄▄▄▄██▄▄▄██▄▄▄▄█▄▄▄▄████████
████████████████████████████████████████

████████████████████████████████████████
.TRUSTED ★ EXPERIENCED ★ READY.       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄███████████████▀▀▀█████▄
▄████████████▀▀     ██████▄
█████████▀▀   ▄▄▀   ███████
██████▄    ▄▄█▀    ████████
█████████▄██▀      ████████
▀██████████▄▄    ████████▀
 ▀████████▄█████▄████████▀
  ▀█████████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄████████▀▀█▀▀████████▄
 ▄██████▀▀▀  ▀  ▀████████▄
▄███████▄▄   ▄▄   ▀███████▄
██████████   ███   ████████
██████████        ▀████████
██████████   ███▌  ▐███████
▀███████▀▀   ▀▀▀  ▄███████▀
 ▀██████▄▄▄  ▄  ▄████████▀
  ▀████████▄▄█▄▄████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██▀                 ▀██▄
▄██▌ ▄▀█████████████▀▄ ▐██▄
███▌ ██▄ ▀███████▀ ▄██ ▐███
███▌ ████   ▀▀▀   ████ ▐███
███▌ ██▀▄▄██▄▄▄██▄▄▀██ ▐███
▀██▌ ▀▄█████████████▄▀ ▐██▀
 ▀██▄                 ▄██▀
  ▀█████████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
October 31, 2013, 11:15:37 PM
 #4

Good article.  I'm sure there are plenty of miner who'd prefer to cash out cash & put it under their mattress rather than transfer $3k into their bank account.

Uncle Sam will understand why there's an easy extra 3% to be made facilitating this.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
hmmmstrange
Hero Member
*****
Offline Offline

Activity: 669


View Profile
October 31, 2013, 11:50:24 PM
 #5

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.
kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
October 31, 2013, 11:53:42 PM
 #6

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Hah, good call.  Any work arounds for that?  Can the paper be folded or printed 2 ply?

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
TheButterZone
Legendary
*
Offline Offline

Activity: 1988


Nemo me impune lacessit


View Profile WWW
October 31, 2013, 11:54:14 PM
 #7

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

TraderTimm
Legendary
*
Offline Offline

Activity: 2030



View Profile
November 01, 2013, 12:39:41 AM
 #8

They're excited because it means an escape from the crap systems they've been forced to use.

But of course, no one outside of us will actually say it.

fortitudinem multis - catenum regit omnia
chriswilmer
Legendary
*
Offline Offline

Activity: 1008


View Profile WWW
November 01, 2013, 12:58:13 AM
 #9

I am so excited. Seriously!
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
November 01, 2013, 12:10:28 PM
 #10

this first ATM makes alot of good press! cool.


" BTC machine went live, “Bitcoin” became the second most read article on Wikipedia, after “Halloween.” "

kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
November 01, 2013, 07:35:23 PM
 #11

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

Good call, cameras don't work pointing up.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
TheButterZone
Legendary
*
Offline Offline

Activity: 1988


Nemo me impune lacessit


View Profile WWW
November 01, 2013, 08:55:55 PM
 #12

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

Good call, cameras don't work pointing up.

Due to gravity, the camera would have to be inserted into the machine or very obviously attached on the front under the ticket dispenser, so that when the receipt comes out and droops vertically, it can snap it.

kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
November 01, 2013, 09:01:55 PM
 #13

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

Good call, cameras don't work pointing up.

Due to gravity, the camera would have to be inserted into the machine or very obviously attached on the front under the ticket dispenser, so that when the receipt comes out and droops vertically, it can snap it.

Right, are you saying that is not possible?

I'm thinking having it printe some sore of sealed envelope would be best. 

I'm even ok with charging extra for some sort of breakaway sealed envelope.  That way people who don't need that can simple input their bitcoin wallet address & have the bitcoins sent there which is cheaper.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
TheButterZone
Legendary
*
Offline Offline

Activity: 1988


Nemo me impune lacessit


View Profile WWW
November 02, 2013, 02:55:33 AM
 #14

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

Good call, cameras don't work pointing up.

Due to gravity, the camera would have to be inserted into the machine or very obviously attached on the front under the ticket dispenser, so that when the receipt comes out and droops vertically, it can snap it.

Right, are you saying that is not possible?

No, are you saying the only people using this machine will have such poor vision that they will be unable to see that THERE'S A CAMERA LENS/PINHOLE RIGHT THERE, and maybe, DON'T USE THE MACHINE, or COVER THE LENS!? Jesus, it's not like nanomachines are cameras yet!

kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
November 02, 2013, 05:10:21 AM
 #15

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

Good call, cameras don't work pointing up.

Due to gravity, the camera would have to be inserted into the machine or very obviously attached on the front under the ticket dispenser, so that when the receipt comes out and droops vertically, it can snap it.

Right, are you saying that is not possible?

No, are you saying the only people using this machine will have such poor vision that they will be unable to see that THERE'S A CAMERA LENS/PINHOLE RIGHT THERE, and maybe, DON'T USE THE MACHINE, or COVER THE LENS!? Jesus, it's not like nanomachines are cameras yet!

If it has value, markets will fine a way.

I don't pretend to be a camera expert, and I wouldn't be surprised if I'm on camera more often than I think, but perhaps you know more about cameras than I do (very likely).

You're saying we can't have nanomachine cameras yet?

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
TheButterZone
Legendary
*
Offline Offline

Activity: 1988


Nemo me impune lacessit


View Profile WWW
November 02, 2013, 05:26:01 AM
 #16

If we can have nanomachine cameras now, then the ATM's already fucked, because they've been sprayed in a fine mist in the machine and directed to align just above the print head, so all wallets have been/will be captured. A spot-printed then sealed envelope cannot defeat nanos!

kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
November 02, 2013, 05:39:32 AM
 #17

If we can have nanomachine cameras now, then the ATM's already fucked, because they've been sprayed in a fine mist in the machine and directed to align just above the print head, so all wallets have been/will be captured. A spot-printed then sealed envelope cannot defeat nanos!

gotcha, I suppose similar things could be applied to traditional ATMs by harvesting peoples PIN numbers and card numbers via camera technology.

So if it happens to bitcoins, it would likely happen to traditional ATMs, too.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
foggyb
Legendary
*
Offline Offline

Activity: 1344


View Profile
November 02, 2013, 05:48:08 AM
 #18

One problem i see is the printed wallet option. How long until someone sets up a camera to record printed tickets? I'm sure the wallet in the video has been swiped already.

Print face down.

Good call, cameras don't work pointing up.

Due to gravity, the camera would have to be inserted into the machine or very obviously attached on the front under the ticket dispenser, so that when the receipt comes out and droops vertically, it can snap it.

Right, are you saying that is not possible?

No, are you saying the only people using this machine will have such poor vision that they will be unable to see that THERE'S A CAMERA LENS/PINHOLE RIGHT THERE, and maybe, DON'T USE THE MACHINE, or COVER THE LENS!? Jesus, it's not like nanomachines are cameras yet!

People will do amazing things to steal. Cash ATM's sometimes have compromised keypads placed overtop of the legit keypad to capture pins. So its not out of line to think that someone might try something along the same genre on a bitcoin ATM.
TheButterZone
Legendary
*
Offline Offline

Activity: 1988


Nemo me impune lacessit


View Profile WWW
November 02, 2013, 06:12:06 AM
 #19

Usually the stealing tools don't cost hundreds of millions of dollars, if not more, to attempt to invent, when the things to be stolen are worth only tens of thousands per day, and will likely be spent right out from under the thief if he plans the raid to avoid red flagging the machine at the wrong time.

kjlimo
Legendary
*
Offline Offline

Activity: 1708


View Profile WWW
November 02, 2013, 11:50:59 AM
 #20

Usually the stealing tools don't cost hundreds of millions of dollars, if not more, to attempt to invent, when the things to be stolen are worth only tens of thousands per day, and will likely be spent right out from under the thief if he plans the raid to avoid red flagging the machine at the wrong time.

When it comes to bitcoin, most waters are uncharted.

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!
  Get Free Bitcoins here.

Spondoolies-Tech or KnC Miner for the fastest mining hardware available!

Bitpay to help your business accept bitcoin payments!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!