Topic: [2014-02-19] The First US Bitcoin ATM Arrives in New Mexico (Read 3165 times)
They are not probably ATMs without the property
So, it is a Bitcoin Vending Machine!
Slot in fiat, get BTC sent to an address.
Slot in fiat, get BTC sent to an address.
If there was a machine in an airport which allowed you to "slot in" dollars and get Euros (only one way) would you call it a Euro vending machine?
So, it is a Bitcoin Vending Machine!
Slot in fiat, get BTC sent to an address.
Slot in fiat, get BTC sent to an address.
They should be called ticket stations, where you exchange your fiat paper for train ticket of Freedom Express
I like that the sound of that, Freedom Express!
Now, if we could only kick Gox to Exchange purgatory.
For traditional ATM, it dispenses your money back to you. With bitcoin, your money never left you, you don't need a bank to hold it for you.
So obviously these machine is not ATM, they are not vending machine either because "selling money" doesn't make sense.
They should be called ticket stations, where you exchange your fiat paper for train ticket of Freedom Express
So obviously these machine is not ATM, they are not vending machine either because "selling money" doesn't make sense.
They should be called ticket stations, where you exchange your fiat paper for train ticket of Freedom Express
All of them are ATMs. Some uni-directional, some bi-directional.
Yes: the unidirectional ones (the first ones) allow you to withdraw cash, while the bidirectional ones allows you also to insert cash.What they have in common is that you can withdraw money from both.
Quote
The only reason this is an issue is because some are falling for the marketing spin that one of the device manufactures is putting on the definition. They want to differentiate themselves by trying to play down the importance of the other products on the market and single themselves out as the only manufacturer who is making "True ATMs". This is all marketing spin BS.
Actually, what I find misleading and marketing BS is the Lamassu BVM (Bitcoin Vending Machine 
) that market itself like an ATM where it is not.Quote
From that wikipedia page:Quote
Using an ATM, customers can access their bank accounts in order to make cash withdrawals [...]
With the lamassu machine you can't make cash withdrawal, so it's not an ATM.Find me another ATM where you can't withdraw cash!
It's an Automated Teller Machine. It can perform financial transactions without an attendant. That is the key factor here. Just as Bitcoin has expanded the context of Currency, Asset class, and payment network, the arrival of Bitcoin ATMs has expanded the context of ATMs. You now have traditional ATM, those that are centered around providing cash to people, and Bitcoin ATMs, those that are centered around providing bitcoins to people.
Not sure which one was first - see this link: http://www.boston.com/blogs/news/opinion/bostoncomment/2014/02/south_stations_bitcoin_atm_sign_of_things_to_come.html
Boston has an ATM as of yesterday as well!
Boston has an ATM as of yesterday as well!
I think ATM isn't the best word, maybe Bitcoin Kiosks or Bitcoin exchange machine.
Either way these Bitcoin machines have finally touched down in the States, and can only be a positive thing to bring it into the mainstream.
Either way these Bitcoin machines have finally touched down in the States, and can only be a positive thing to bring it into the mainstream.
It's still an Automated Transaction Machine though. It's a Bitcoin ATM.
Right, it might not dispense cash, but it definitely dispenses Bitcoins.
Baby steps, just to get people talking or noticing. You have to start somewhere.
Remember the internet wasn't in every household either, you had to get it on a Prodigy, Compuserve, or AOL 5.0 CD and you needed to get a high speed 56K modem from CompUSA!
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I think ATM isn't the best word, maybe Bitcoin Kiosks or Bitcoin exchange machine.
Either way these Bitcoin machines have finally touched down in the States, and can only be a positive thing to bring it into the mainstream.
Either way these Bitcoin machines have finally touched down in the States, and can only be a positive thing to bring it into the mainstream.
It's still an Automated Transaction Machine though. It's a Bitcoin ATM.
Find me another ATM where you can't withdraw cash!
Some Bitcoin adopter you are...You CAN withdraw cash from a BTM/BVM!
The cash is BTCBTCBTC, not that worthless fiat that I wouldn't wipe my arse with.
Get your priorities straight man!
Some Bitcoin adopter you are...
You CAN withdraw cash from a BTM/BVM!
The cash is BTC
You CAN withdraw cash from a BTM/BVM!
The cash is BTC
Find me another ATM where you can't withdraw cash!
Some Bitcoin adopter you are...You CAN withdraw cash from a BTM/BVM!
The cash is BTCBTCBTC, not that worthless fiat that I wouldn't wipe my arse with.
Get your priorities straight man!
All of them are ATMs. Some uni-directional, some bi-directional.
Yes: the unidirectional ones (the first ones) allow you to withdraw cash, while the bidirectional ones allows you also to insert cash.What they have in common is that you can withdraw money from both.
Quote
The only reason this is an issue is because some are falling for the marketing spin that one of the device manufactures is putting on the definition. They want to differentiate themselves by trying to play down the importance of the other products on the market and single themselves out as the only manufacturer who is making "True ATMs". This is all marketing spin BS.
Actually, what I find misleading and marketing BS is the Lamassu BVM (Bitcoin Vending Machine ) that market itself like an ATM where it is not.Quote
From that wikipedia page:Quote
Using an ATM, customers can access their bank accounts in order to make cash withdrawals [...]
With the lamassu machine you can't make cash withdrawal, so it's not an ATM.Find me another ATM where you can't withdraw cash!
ATM aren't just money or fiat dispensers anymore, they're more multifunction.
Yes, most of them are multifunctional, but they all have at least one thing in common: you can draw money.Without that property, they are not ATMs.
All of them are ATMs. Some uni-directional, some bi-directional.
The only reason this is an issue is because some are falling for the marketing spin that one of the device manufactures is putting on the definition. They want to differentiate themselves by trying to play down the importance of the other products on the market and single themselves out as the only manufacturer who is making "True ATMs". This is all marketing spin BS.
Bi-Directional, and Uni-Directional will define the different types of products as this industry develops.
http://en.wikipedia.org/wiki/Automated_teller_machine
**Edited to soften my tone
What we need here is something that can take your bitcoins and give you fiat, without having to go through the hassles of dealing with another person through localbitcoins etc. or through an exchange which are suspect lately.
Believe the LocalBitcoins ATM will handle 2 way conversion:
http://www.coindesk.com/localbitcoins-manufacturing-low-cost-bitcoin-atm/
Currently, looks like Lamassu Bitcoin ATM can only handle Fiat to BTC conversion.
What we need here is something that can take your bitcoins and give you fiat, without having to go through the hassles of dealing with another person through localbitcoins etc. or through an exchange which are suspect lately.
The proper term is BTM, Bitcoin Teller Machine, and it does exactly what it says it does.
I think ATM isn't the best word, maybe Bitcoin Kiosks or Bitcoin exchange machine.
Either way these Bitcoin machines have finally touched down in the States, and can only be a positive thing to bring it into the mainstream.
Either way these Bitcoin machines have finally touched down in the States, and can only be a positive thing to bring it into the mainstream.
ATM aren't just money or fiat dispensers anymore, they're more multifunction.
Yes, most of them are multifunctional, but they all have at least one thing in common: you can draw money.Without that property, they are not ATMs.
That's not an ATM, it's a vendor machine.
On a real ATM you are supposed to also GET money, not just put them in.
On a real ATM you are supposed to also GET money, not just put them in.
Not in a traditional sense, but today's ATM or Automated Teller Machine you're able to pay bills, buy stamps, buy movie tickets, purchase gold, etc.
ATM aren't just money or fiat dispensers anymore, they're more multifunction.
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