We like when people make machines that give us what we want. Whether it's an ATM for Bitcoin (and soon Dash?), or a 1988 vending machine retrofitted to accept cryptocurrency, this modern tech delivers our bag-o-chips STAT.
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The U.S gets all the cool toys when it comes to BTC and crypto-currencies.
I would have to get a train to use a BTC ATM and I doubt there's any vending machines like that within a 100 miles of my location.
+Lee Gordon Seebach Ha ha, Lee, I'm afraid that I don't understand Ethereum myself. Every time lead developer Vitalik Buterin publishes an update or blog post about it, I try to read it, and my eyes go crossed and drool comes out of my mouth. I'm afraid that Ethereum tech specs are currently outside The Daily Decrypt's capabilities. I keep waiting for someone to publish an Ethereum 101 of sorts for the rest of us, but it doesn't seem to exist.
Hey, Amanda. Let's say I wanted to travel to Europe and I wanted to avoid the USD to EUR transaction fees that rob you blind. Does this ATM allow me to give BTC for EUR? Or would my best bet be to find someone local in Europe to buy my coins?
+Tyler Chamberlain you could use revolut.com - zero transaction fees. They have saved their users $15M since launching 7 months ago http://revolutapp.tumblr.com - and bitcoins are coming to their platform
+Tyler Chamberlain Good question. Yes, there are machines which go both ways (as in, they also dispense fiat in exchange for your BTC). I guess depending on where you're going to visit, check the BTC/EUR exchange rates of ATMs on CoinATMRadar.com, as well as LocalBitcoins.com. Also install the Mycelium wallet to check Mycelium Local Trader wherever you happen to be in the world.
I sense a time warp of one Bitcoin block at 1:19 waiting for a block confirmation before you can spend your bitcoins.. We look forward to showing you and everyone the Dash N Drink in Miami using InstantX locked transactions so vendors don't have to risk 0 confirmation double spends. Stop by the Dash booth for a free beverage. www.dashndrink.com
+The Solarminer LOL at "time warp." Wish we could take you up on that drink! Don't think we'll make it to Miami, but we're sending you the best of vibes for your presentation. And the website looks great, too -- TheDashGuy sure can build 'em.
Such a friendly little bitcoin atm! The last one I used was huge, took frickin' pictures of me while I used it, had bs transaction limits and was later stolen by the filth next door... https://www.coindesk.com/australian-police-seize-bitcoin-atm-2-6m-drug-bust/
+ausPPC It is a one-way btc vending machine. If you as a foreign traveller want to "cash-out" btc to spend local central bank currency you are out of luck. Compliance with AML/KYC protocols will surely be the main reason operators run machines that require ID. Operation of this Lamassu machine may put the operator at risk of jail in some areas.
Thanks Amanda, I always wanted to know how to use a Bitcoin teller, that was easy. I live in Australia, and we are starting to get some Bitcoin tellers in our major cities, it is very exciting to see Bitcoin develop and watch the banksters collapse.
Is that vending machine decentralized or does it use some kind of central service (which has a copy of the blockchain) ?
I guess if they are using Bitcoin that means they didn't wait for any confirmations... ooh, boy, maybe better idea is to use Dash. ;-)
+The Daily Decrypt 0-confirmation hardly applies to this case with a one-way lamassu when you feed in cash and get bitcoins out ;) It is when you on opposite sell bitcoins. But in real life nobody tries to double spend in such a way on large scale, this happens only in Peter's head.
+autohmae I'm not sure how the machine works on the backend. I think Lamassu machines have open-source software and owners can modify them how they like.
And you are so right -- both the machines were trusting our zero-confirmations with Bitcoin. I'll be excited to see the debut of the Dash'n'Drink machine to showcase Dash's instant confirmation capability.
+halfasheep somebody can correct me if i'm wrong but afaik LN is centralized and does exactly what DASH does but DASH is decentralized.
i think peter todd is invested in LN and is a DASH hater so he has a conflict of interest.
the btc maximalist/purist need to give up already and allow btc to become centralized. unlike DASH it was not designed to scale or provide anonymous instant transaction in a decentralized way.
there's still plenty of money to be made on btc but they need to accept centralization and 3rd party control and move on.
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