bitcoin can't be robbed - page 4. | Bitcointalksearch.org

Yatsan

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Quote from: Agbe on June 08, 2023, 10:01:50 AM

Quote from: Saisher on March 06, 2023, 06:14:45 PM

The guy who did this is ignorant of how Bitcoin works, they thought it was a fiat-like machine where you can extract paper cash, and they thought that it works like all the other ATM, this is one of the funniest jokes about Bitcoin.
I'm sure those who did this are thinking why there is no cash on that ATM.

Exactly. "Ignorant is a disease" how on Earth someone planned to steal bitcoin in bitcoin ATM. The person is a serious illiterate in the universe. The robbers supposed know that bitcoin is a digital currency which can not be seen. Well I didn't blame them because they have not gotten the orientation from others and they are not ready learn from others but only interested to rob. This is a real joke.

Not all robbers are knowledgeable of technology and this currency in the first place but attempt is an attempt. Indeed bitcoin cannot be stolen in an ATM but it can be accessed through your device if the bad person knows how to. Crypto assets can be robbed, and to be precised, stolen. Therefore, investors still should be cautious of their actions to avoid such tendencies to occur. Keep this in mind; if you can access it then there would always be a way for others to do so especially if you will give them an idea or if you would be negligent of it. Bad persons are becoming more eager to do things so never be too confident.

Agbe

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Quote from: Saisher on March 06, 2023, 06:14:45 PM

The guy who did this is ignorant of how Bitcoin works, they thought it was a fiat-like machine where you can extract paper cash, and they thought that it works like all the other ATM, this is one of the funniest jokes about Bitcoin.
I'm sure those who did this are thinking why there is no cash on that ATM.

Exactly. "Ignorant is a disease" how on Earth someone planned to steal bitcoin in bitcoin ATM. The person is a serious illiterate in the universe. The robbers supposed know that bitcoin is a digital currency which can not be seen. Well I didn't blame them because they have not gotten the orientation from others and they are not ready learn from others but only interested to rob. This is a real joke.

kryptqnick

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Technically, if people used the ATM to buy or sell fiat, there could be some cash in there, but perhaps there wasn't any on this particular way. After all, even the photo of the op features a place to insert cash with a cash symbol on it.
Also, one can have their BTC stolen, unfortunately, even though it's not physical cash. It can happen through malware accessing a BTC wallet, sharing a passphrase with someone, or an armed robbery where a person is forced to open the wallet and transfer the funds.

Mr.right85

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Quote from: Y3shot on March 06, 2023, 05:14:16 PM

About 3 years ago world bandit break into bitcoin Atm thinking they could get some coin from it. So funny they found nothing to go with. I'm very sure they were disappointed . Bitcoin is mysterious 😄

https://twitter.com/pete_rizzo_/status/1632724529595154433?t=vnCJCK16Pa6jKPrgXFP7pA&s=19

Is this it! Is this what the bitcoin ATM looks like?? Not like it had to be so big as it won't be housing anything physical except some storage space but, I think they could have placed it nicely and maybe device means to make it look more prestigious.

It was a poorly cordinated heist where the culprits didn't do there research properly and so they failed. Seeking value where they could find it but, used the wrong approach.

The only way to bitcoin theft is in hacks and phishing attacks or cases where you hope to physically run a p2p and gets robbed eventually.
Some reasons why it's good to remain anonymous in conducting your crypto affairs.

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Quote from: Odusko on June 07, 2023, 03:44:56 PM

Why should anyone even think in the dumb pattern of thinking, this is total rubbish because trying to robe a Bitcoin ATM is something that seems unrealistic and yields zero results
Not as if Bitcoin has physical representation that could be carried away, so dragging that ATM away won't solve anything.

OP's title is click-baiting, Bitcoin can be robbed but not by robbing ATM machine. Hackers can rob your coins, if anyone knows about your bitcoin and force you to send your bitcoin to their wallet, it is called robbing. From ATM's prospective, if the atm has the feature to buy bitcoin with cash, the robbers can take the cash by breaking the ATM machine.

Odusko

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Why should anyone even think in the dumb pattern of thinking, this is total rubbish because trying to robe a Bitcoin ATM is something that seems unrealistic and yields zero results
Not as if Bitcoin has physical representation that could be carried away, so dragging that ATM away won't solve anything.

xSkylarx

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There are still cash inside there are a sign that will be taking a cash so those theft are not disappointed unless they haven't opened it . But way back 3 years a go for sure they only got small amount as bitcoin was not that known that time. Also if we are talking about getting rob , i am not sure if you saw a thread here that someone got inside to the house then they bribe that person to send the bitcoin to their wallet so it is some sort of bribery so still there are still ways that you get robbed but not the same on physical way.

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Quote from: Jody.Drummer on March 09, 2023, 03:28:26 AM

It is certain that the robbers do not understand how bitcoin works. because basically they must think it's the same as an ATM where money is always stored in it and of course things like that are not to be blamed because they don't know about it

I honestly want to sympathize but that's a thief no need for sympathy lol.

But saying that Bitcoin can't be robbed is a little difficult when you look at the context of actual robbery in many ways. because indeed things like this can still be said to be vulnerable actually considering the conditions in which criminal acts like this must have been carried out in many ways.

They are a bunch of robbers who are learning to steal, about what percentage of people on this earth do not know that bitcoin does not have a physical form and another percentage of these robbers think there is cash in the machine. Unfortunately, for the ridiculous actions they did and in the end had to deal with the police. Laugh out loud.

If you want to see cases of robbery against bitcoin, I remember one husband and wife couple Lichtenstein and Morgan, they managed to hack Bitfinex and steal as many as 119,754 Bitcoins and even though in the end they were caught by the US Department of Justice.

D ltr

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how disappointed is the robber if he doesn't find money in the atm machine, I can't say anything about this robber, I think they need to learn more,
they think the btc atm is the same as the regular atm which is often used.
by the way, is there anyone here who has ever made a transaction via an ATM btc?
To be honest, I have never seen a BTC ATM machine, so I am also curious about the experiences of people who have used/transacted with this ATM.

speedy963

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Quote from: loopes on March 07, 2023, 11:31:35 PM

Quote from: lovesmayfamilis on March 07, 2023, 01:59:03 AM

I found another story. The robbers broke into a bitcoin ATM, and they were able to take out some money.
Ironically, next to them was an ordinary ATM that contained banknotes, but for some reason, the robbers did not pay attention to it.
http://iradiophilly.com/conversation.php?idConversation=8526
https://www.youtube.com/watch?v=PF6tmzCRWos

In the fact the robbery can't rob any amount of bitcoin from Bitcoin ATM but their purpose is get some money from it because Bitcoin ATM allows people to purchase bitcoin using cash, so they think can get cash out by stealing bitcoin atm machine.

This same case was happened in the Barcelona in the past 2021 ago. There were at least 158 bitcoin ATM machine surround the country at that time based to data from Bitvoin ATM Radar that can be tracked by location. that was such a high number in Europe. Therefore, it may be one of the reason that interest Robbery willing to steal bitcoin ATM.

Reference :
Thieves rip bitcoin ATM from Barcelona crypto-store

This is either one of the two;
1. Reason you stated above why they tried to robbed it or,

2.They just think it's a normal ATM.

Even if we say that they are aware that it is Bitcoin, the fact that people are trying to purchase something using currency also made them curious and thought "let us try earning a quick buck" Grin

Jody.Drummer

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It is certain that the robbers do not understand how bitcoin works. because basically they must think it's the same as an ATM where money is always stored in it and of course things like that are not to be blamed because they don't know about it

I honestly want to sympathize but that's a thief no need for sympathy lol.

But saying that Bitcoin can't be robbed is a little difficult when you look at the context of actual robbery in many ways. because indeed things like this can still be said to be vulnerable actually considering the conditions in which criminal acts like this must have been carried out in many ways.

vitya1982

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Quote from: Kakmakr on March 08, 2023, 12:27:31 AM

The average thief does not have a clue what Bitcoin is, they might think it is actual physical coins or they might think those ATMs function in the same way that Fiat ATMs function. So for them it is a little box full of cash.... Grin

I am actually surprised that this is not happening a lot more, which might show that the robbers are getting educated about Bitcoin now, so we can actually use this as a positive marketing angle for Bitcoin ATM use. Wink

Damn, I'd love to see someone who thinks that BTC is a physical coin, lol. But I don't think ATMs are a good way to buy Bitcoin anyway, I don't get the point of them when you can buy it more easily P2P or on an exchange.

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Quote from: joniboini on March 07, 2023, 02:04:09 AM

Quote from: Hispo on March 06, 2023, 08:16:11 PM

Now you mention it, this ATM seems to have been designed to be placed on a surface instead be fastened to a wall or something similar.

I tried searching for images about this ATM, doesn't seem to be the case. For example, you can find something like this[1]. Not really familiar with types of Bitcoin ATMs but it doesn't seem like the best choice for security. There seems to be an additional part other than the orange box, does the cash go there or is it just a decoration?

I think having some sort of "robbing" on ATM is not the same as bitcoin being stolen neither, that's really not the case. I feel like there is a good chance that bitcoin in your own wallet, for example something like a ledger, wouldn't really be stolen and that's fine and shouldn't be really an issue at all.

I believe that we should be focusing on protecting our own bitcoin first and foremost, after that we can start to worry about the crypto that companies have and protecting that. Sure there has been plenty of hacks, but most of them were on places that we all know would get hacked to begin with, never really hard someone's ledger getting hacked before, not a common thing.

Kakmakr

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The average thief does not have a clue what Bitcoin is, they might think it is actual physical coins or they might think those ATMs function in the same way that Fiat ATMs function. So for them it is a little box full of cash.... Grin

I am actually surprised that this is not happening a lot more, which might show that the robbers are getting educated about Bitcoin now, so we can actually use this as a positive marketing angle for Bitcoin ATM use. Wink

BenCodie

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Quote from: mk4 on March 07, 2023, 12:57:52 AM

Quote from: Y3shot on March 06, 2023, 05:14:16 PM

Re: bitcoin can't be robbed

Idunno mate — probably not in this case with bitcoin ATMs, but people can definitely be robbed off their bitcoin lol.

https://github.com/jlopp/physical-bitcoin-attacks/blob/master/README.md

Exactly. Not only that, people can be robbed online as well. Bitcoin can most definitely be robbed. I think that title that the OP is looking for is "Bitcoin can not be robbed from Bitcoin ATMs".

As another user also said, I think that the OP missed the point that you put cash into a Bitcoin ATM, so normally (if the ATM is used) there will likely be cash in there from deposits. If it's two-directional, then there will be cash reserves in there to facilitate selling as well on top of the deposits.

It's a funny topic from face value but when you read into it, the fun goes away quickly.

loopes

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Quote from: lovesmayfamilis on March 07, 2023, 01:59:03 AM

I found another story. The robbers broke into a bitcoin ATM, and they were able to take out some money.
Ironically, next to them was an ordinary ATM that contained banknotes, but for some reason, the robbers did not pay attention to it.
http://iradiophilly.com/conversation.php?idConversation=8526
https://www.youtube.com/watch?v=PF6tmzCRWos

In the fact the robbery can't rob any amount of bitcoin from Bitcoin ATM but their purpose is get some money from it because Bitcoin ATM allows people to purchase bitcoin using cash, so they think can get cash out by stealing bitcoin atm machine.

This same case was happened in the Barcelona in the past 2021 ago. There were at least 158 bitcoin ATM machine surround the country at that time based to data from Bitvoin ATM Radar that can be tracked by location. that was such a high number in Europe. Therefore, it may be one of the reason that interest Robbery willing to steal bitcoin ATM.

Reference :
Thieves rip bitcoin ATM from Barcelona crypto-store

tabas

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It can't be robbed if they do that through that ATM but as said, the cash that's in there can be stolen. A wallet can be hacked and those robbers probably thought that they can get all the bitcoin's stored there but they do lack knowledge about it.
Just like those people that bashes and dislikes bitcoin about it being anonymous and commonly used as they said by the people of the dark marketplaces, they just can't accept the fact that it's already in the mainstream and just as those robbers, they lack knowledge as well.
But a robber can force a person they know that holds bitcoin by extorting and forcing him to give their keys, yeah the known wrench attack.

mk4

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Quote from: NotATether on March 07, 2023, 01:40:29 AM

It's ironic, that in the link that you posted to Jameson Lopp's list of robberies and extortions, that he himself was almost extorted. Tongue

But you can avoid such situations by not revealing where you live or your house address. Can't get SWATted if the scammer doesn't even know where to send them.

True. People always overlook $5 wrench attacks thinking "meh, chances are it won't happen to me".

Unfortunately for Jameson Lopp though — he's a public Bitcoin personality so people would know about him and his bitcoin forever. All he can do is to beef up his personal security.

Maxre

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I think that there a lot of ways to rob Bitcoin and some are just hacking, stealing and so others are like scamming with people who do not know.
Some of these are listed below.
1. Scamming On telegram
2. Fishy Gmail
3. Exchange Hack
4. Exchange manipulation

There are some of these methods.

Flexystar

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This is actually a use case for studying and implementing new features in the BATM. For example, acceptance of only digital means of paying and thus completing diminishing the use of physical fiat / bank notes. This is positively good for saying that we are in the digital workspace and fiat is almost out of the way. Secondly even if the bitcoin ATM gets robbed next time, they wont be able to do anything about it except have it crushed and thrown away somewhere. Or may be just have cool machine at their home to be used as flasher during home parties. Lolz.

BATM should really follow such strategies. Only ATM cards, NFC payments or wallet to wallet transfer only. It can really save up hassle of collecting those notes, securing them and having additional anti theft security around it.

Topic: bitcoin can't be robbed - page 4. (Read 747 times)