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AmericanBit
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January 15, 2014, 05:35:13 PM |
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this $1000.00 machine and Lamassu machine ( https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries. In Australia we have 2 Lamassu bitcoin vending machines already operating. Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each. Yeah, its more in USA where licensing is needed for anything that has to do with exchanging currencies. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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remotemass
Legendary
 Offline
Activity: 1117
Merit: 1016
ASMR El Salvador
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January 15, 2014, 08:14:59 PM |
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Yeah there is a video on youtube showing you the parts to order and everything
What is the URL? |
{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 }
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AmericanBit
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January 15, 2014, 10:24:01 PM |
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Yeah there is a video on youtube showing you the parts to order and everything
What is the URL? I dont know, it was on a bitcoin reddit...you can search the forum |
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SirBitsalot
Newbie
Offline
Activity: 42
Merit: 0
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January 15, 2014, 10:30:54 PM |
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http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices! Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor. Go Stumptown! Thats a great deal. I wonder what other expenses come along with having to operate this, as in licenses and such. A shit ton And that's just now, I imagine there will be a lot more licenses and regulations being created in the future when it comes to Bitcoin machines... seeing as how they're not centralized. |
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jubalix
Legendary
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Activity: 2618
Merit: 1022
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January 16, 2014, 12:23:06 AM |
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http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices! Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor. Go Stumptown! This is a great project, way cheaper than current bitcoin ATM machines and also fiat ATM machines  The $64,000,000 question is of course which countries will allow these machines. The 64M question is which countries will have the ability to enforce a ban on them. This is an open source project. It's like 3D printer guns or maybe even more like moonshine stills. Open source has nothing to do with the legal status of bitcoin ATM machines. Government regulation does. I think he is referring to can you enforce the law, when you can make these things open source, and likely for less and less cost. |
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billyjoeallen (OP)
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 16, 2014, 01:05:27 AM |
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http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices! Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor. Go Stumptown! This is a great project, way cheaper than current bitcoin ATM machines and also fiat ATM machines The $64,000,000 question is of course which countries will allow these machines. The 64M question is which countries will have the ability to enforce a ban on them. This is an open source project. It's like 3D printer guns or maybe even more like moonshine stills. Open source has nothing to do with the legal status of bitcoin ATM machines. Government regulation does. I think he is referring to can you enforce the law, when you can make these things open source, and likely for less and less cost. correct. |
insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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Ruzka
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January 16, 2014, 01:08:40 AM |
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Not really an ATM but very cool nonetheless!
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empoweoqwj
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January 16, 2014, 03:12:46 AM |
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this $1000.00 machine and Lamassu machine ( https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries. In Australia we have 2 Lamassu bitcoin vending machines already operating. Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each. All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple. |
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SirBitsalot
Newbie
Offline
Activity: 42
Merit: 0
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January 16, 2014, 03:28:16 AM |
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this $1000.00 machine and Lamassu machine ( https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries. In Australia we have 2 Lamassu bitcoin vending machines already operating. Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each. All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple. When speaking in general terms though, I think "vending machine" is perfectly acceptable |
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empoweoqwj
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January 16, 2014, 03:36:36 AM |
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this $1000.00 machine and Lamassu machine ( https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries. In Australia we have 2 Lamassu bitcoin vending machines already operating. Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each. All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple. When speaking in general terms though, I think "vending machine" is perfectly acceptable If bitcoin is defined legally as a currency in a country, its not just a "vending machine" is it. Its not giving you soft drinks  |
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billyjoeallen (OP)
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 16, 2014, 04:39:47 AM |
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this $1000.00 machine and Lamassu machine ( https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries. In Australia we have 2 Lamassu bitcoin vending machines already operating. Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each. All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple. When speaking in general terms though, I think "vending machine" is perfectly acceptable If bitcoin is defined legally as a currency in a country, its not just a "vending machine" is it. Its not giving you soft drinks how about "bitcoin dispenser"? |
insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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TPN
Full Member
Offline
Activity: 193
Merit: 100
How did it get so late, so soon?
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January 16, 2014, 05:22:32 AM |
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We need vending machines up here in Denmark, Sweden and Norway
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msc
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January 16, 2014, 05:26:52 AM |
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All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.
I'd like to see someone put a Bitcoin vending machine next to a Pepsi vending machine, and ask regulators to explain the difference between the two. If I offer Amazon gift cards in exchange for Pepsi, does that make Pepsi a currency too? How many people need to trade Pepsi before it becomes a currency? |
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empoweoqwj
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January 17, 2014, 04:00:34 AM |
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All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.
I'd like to see someone put a Bitcoin vending machine next to a Pepsi vending machine, and ask regulators to explain the difference between the two. If I offer Amazon gift cards in exchange for Pepsi, does that make Pepsi a currency too? How many people need to trade Pepsi before it becomes a currency? Because some countries view bitcoin legally currency. Pepsi is not a currency. |
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billyjoeallen (OP)
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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January 21, 2014, 05:48:37 AM |
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We need vending machines up here in Denmark, Sweden and Norway
if they used a lot of electricity, they could double for heaters! |
insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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empoweoqwj
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January 21, 2014, 05:51:39 AM |
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We need vending machines up here in Denmark, Sweden and Norway
if they used a lot of electricity, they could double for heaters! Sorry, no, these are very very simply machines, not at all like bitcoin mining machines which could indeed be used for heaters!! |
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