Bitcion ATM [video]

[the joint]

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

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]

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

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.

[SmokeAndMirrors]

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.

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.  

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.

[the joint]

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.

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.  

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

[DownloadCoin.com]

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

[Sukrim]

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

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.

[error]

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

[NothinG]

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.

[nhodges]

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

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?

[NothinG]

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

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?

Soak the currency in fuel...

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

[Sukrim]

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

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?

Buy an ATM yourself (or steal one), check the triggers and mess with every other ATM out there.

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.

[Andre Jensen (World Bitcoin Exchange)]

i like this idea.

[ysoliman]

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/

[maltaethiron]

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