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Author Topic: BITCOIN ATM MACHINES  (Read 3060 times)
ElMoIsEviL
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April 22, 2012, 02:18:11 AM
 #21

Wouldn't a smartphone and a secured home server not be better (wallet/bank account) than some 3rd party ATM?

Experience has taught me that individuals who provide services such as ATMs or even online payment services do a crummy job on security. We've witnessed this time and time again. I'd rather rely on myself then on others.

Of course this means working on a more secure variant of the Linux operating system as well as a secure variant of Android would be preferable in order to make this reality. My 2 cents.

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April 22, 2012, 02:49:45 AM
 #22

Wouldn't a smartphone and a secured home server not be better (wallet/bank account) than some 3rd party ATM?

Bitcoin is such an incredibly tiny and geographically diffuse economy right now that the odds of physical merchants accepting them is going to remain low for a long time.  An ATM network is a couple of orders of magnitude easier to create than a network of Bitcoin POS terminals.

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April 24, 2012, 08:19:02 AM
 #23

BitcoinATM code is now officially an open source effort.

https://github.com/BitcoinATM

See the main post:  https://bitcointalk.org/index.php?topic=77895.msg866162#msg866162

Todd Bethell, CFM, MBA
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