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Author Topic: Bitcion ATM [video]  (Read 3005 times)
the joint
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August 13, 2011, 08:31:56 PM
 #21

Maybe you could just license + buy one and set it up outside your front door then? Wink

I'm more concerned about:
User interface
and
Physical security

If someone rips open a bitcoin ATM, they cannot jsut steal the money inside, they can also rob the bank (as the ATM will either have a bitcoind node running or at least some credencials to a remote node).

Bitcoin ATMs need built-in guns if people get too touchy-feely.  And a face of Samuel L. Jackon yellin "Nuh Uhhhhh Mothafucka"

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Bitcoin Swami
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August 13, 2011, 08:33:53 PM
 #22

Maybe you could just license + buy one and set it up outside your front door then? Wink

I'm more concerned about:
User interface
and
Physical security

If someone rips open a bitcoin ATM, they cannot jsut steal the money inside, they can also rob the bank (as the ATM will either have a bitcoind node running or at least some credencials to a remote node).

Bitcoin ATMs need built-in guns if people get too touchy-feely.  And a face of Samuel L. Jackon yellin "Nuh Uhhhhh Mothafucka"

Maybe it can have a sensor that detects movement, and if it does it just shoots the bitcoins to another wallet offline.  It also has 2 stun gun probes that shoot out and take care of the attacker.
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August 13, 2011, 08:42:22 PM
 #23

I'm not trying to argue that this wouldn't be a favorable endeavor for anyone. I think it's a great idea.

I would just hate for these to cause a flood of users and drain the ATM's account similar to how the bitcoin faucet ended up.

Huh

If you're talking about a flood of users withdrawing cash from it to the point of total depletion on a daily basis (unlikely to happen), that is a direct mark of success to the owner and a sign to put MORE cash into it the next day. Hardly a negative sign.

If you're talking about the internal Bitcoin wallet being depleted, as another user has mentioned, the owner could just send in some Bitcoins automatically if that ever happened.

Don't worry.  Smiley

You seem to be completely disregarding the fact that the owner of the ATM's would have to *purchase* the bitcoins himself. He, unlike traditional ATM's, does not have unlimited funds to throw around.

Help Bitcoins by buying clothes, technology, books, etc. through people/stores that accept BTC. This will increase overall value of BTC as well as mitigate unnecessary bank transaction fees.

My address -
1EM9HGg1SEa5Bux1rVEPxGqGSfNTTc9EkC
the joint
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August 13, 2011, 08:55:35 PM
 #24

I'm not trying to argue that this wouldn't be a favorable endeavor for anyone. I think it's a great idea.

I would just hate for these to cause a flood of users and drain the ATM's account similar to how the bitcoin faucet ended up.

Huh

If you're talking about a flood of users withdrawing cash from it to the point of total depletion on a daily basis (unlikely to happen), that is a direct mark of success to the owner and a sign to put MORE cash into it the next day. Hardly a negative sign.

If you're talking about the internal Bitcoin wallet being depleted, as another user has mentioned, the owner could just send in some Bitcoins automatically if that ever happened.

Don't worry.  Smiley

You seem to be completely disregarding the fact that the owner of the ATM's would have to *purchase* the bitcoins himself. He, unlike traditional ATM's, does not have unlimited funds to throw around.

He has enough funds to buy 250 ATMs

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August 13, 2011, 09:21:45 PM
 #25

Really exciting stuff, I wonder who funded this...

DownloadCoin.com (http://www.downloadcoin.com) - An easy way to sell digital content for Bitcoin.
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Sukrim
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August 13, 2011, 10:18:12 PM
 #26

Maybe you could just license + buy one and set it up outside your front door then? Wink

I'm more concerned about:
User interface
and
Physical security

If someone rips open a bitcoin ATM, they cannot jsut steal the money inside, they can also rob the bank (as the ATM will either have a bitcoind node running or at least some credencials to a remote node).

It could also be using nothing more than a web gateway API to a trading site that simply pairs keys together, meaning that there is limited damage anyone could do even with total access to the ATM. (Depends on if we're talking deposits or withdrawals)
With total access, you'd get the API key for the exchange site or the backend which means you could fake arbitrarily large deposits/withdrawals.

A real ATM hands the customer a "secret" in form of a credit card + PIN. Here the backend has to trust the ATM 100% that everything it signs is correct.

With a real ATM, you can crack it open and get out some cash - with this ATM you can crack it open, get some cash AND tell the "bank" that you just deposited 1 million USD which should be converted to BTC and sent to your adress of 1banditABCD1234...
Yes, there might be sanity checks etc. but in essence that's my main concern here.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
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error
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August 13, 2011, 11:51:57 PM
 #27

I hope they're paying close attention to security. ATMs have a long history of being insecure.

Consider this bit of entertainment.
https://media.defcon.org/dc-18/video/DEF%20CON%2018%20Hacking%20Conference%20Presentation%20By%20-%20Barnaby%20Jack%20-%20Jackpotting%20Automated%20Teller%20Machines%20Redux%20-%20Video.m4v

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
NothinG
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August 14, 2011, 12:21:01 AM
 #28

If you have a business (store owner) keep the ATM inside the store, wouldn't insurance cover it?

USD/EUR/CAD...etc can be stolen (and insured) but Bitcoins can be password secured.
They can setup the ATM where as soon as the transaction is complete, the users information is whipped.
Almost like a SESSION.

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August 14, 2011, 01:43:14 AM
 #29

Maybe you could just license + buy one and set it up outside your front door then? Wink

I'm more concerned about:
User interface
and
Physical security

If someone rips open a bitcoin ATM, they cannot jsut steal the money inside, they can also rob the bank (as the ATM will either have a bitcoind node running or at least some credencials to a remote node).

Bitcoin ATMs need built-in guns if people get too touchy-feely.  And a face of Samuel L. Jackon yellin "Nuh Uhhhhh Mothafucka"

Maybe it can have a sensor that detects movement, and if it does it just shoots the bitcoins to another wallet offline.  It also has 2 stun gun probes that shoot out and take care of the attacker.

ATM provider would have the private keys to each ATM wallet, so the machine could erase itself upon tamper. How about a mechanically triggered weight that smashes the hd platters? Smiley

NothinG
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August 14, 2011, 01:45:03 AM
 #30

Maybe you could just license + buy one and set it up outside your front door then? Wink

I'm more concerned about:
User interface
and
Physical security

If someone rips open a bitcoin ATM, they cannot jsut steal the money inside, they can also rob the bank (as the ATM will either have a bitcoind node running or at least some credencials to a remote node).

Bitcoin ATMs need built-in guns if people get too touchy-feely.  And a face of Samuel L. Jackon yellin "Nuh Uhhhhh Mothafucka"

Maybe it can have a sensor that detects movement, and if it does it just shoots the bitcoins to another wallet offline.  It also has 2 stun gun probes that shoot out and take care of the attacker.

ATM provider would have the private keys to each ATM wallet, so the machine could erase itself upon tamper. How about a mechanically triggered weight that smashes the hd platters? Smiley
Soak the currency in fuel...

On Tamper...light the currency on fire and shoot the BTC to an offline wallet...

Sukrim
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August 14, 2011, 02:34:13 AM
 #31

Maybe you could just license + buy one and set it up outside your front door then? Wink

I'm more concerned about:
User interface
and
Physical security

If someone rips open a bitcoin ATM, they cannot jsut steal the money inside, they can also rob the bank (as the ATM will either have a bitcoind node running or at least some credencials to a remote node).

Bitcoin ATMs need built-in guns if people get too touchy-feely.  And a face of Samuel L. Jackon yellin "Nuh Uhhhhh Mothafucka"

Maybe it can have a sensor that detects movement, and if it does it just shoots the bitcoins to another wallet offline.  It also has 2 stun gun probes that shoot out and take care of the attacker.

ATM provider would have the private keys to each ATM wallet, so the machine could erase itself upon tamper. How about a mechanically triggered weight that smashes the hd platters? Smiley
Buy an ATM yourself (or steal one), check the triggers and mess with every other ATM out there. Roll Eyes

Also I hope there is no HDD inside this thing! ROMs are much better suited for this stuff.

Still noone came up with a viable solution how to prevent someone stealing an ATM, grapping the RAM contents and faking cash deposits.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Andre Jensen (World Bitcoin Exchange)
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August 15, 2011, 12:34:40 PM
 #32

i like this idea.
ysoliman
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August 15, 2011, 04:26:54 PM
 #33

This will revolutionize Bitcoin.
This is an Epic.Win.

Imagine being in a world where you could walk up to a machine and buy "Bitbills".
It would make transferring real money to BTC so much easier and user friendly.

P.S - Use a vending machine stocked with these: http://bitbills.com/

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August 15, 2011, 05:57:42 PM
 #34

These ATMs should give out half-coin increments in coined bits  Wink  lol

I'm a poor college student in need of ramen!  Help me eat: 1ygmU38Rnu7TjMRBiUNYXvVutnLWCHGZE
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