P.S. Can someone stick this video on youtube?
http://www.youtube.com/watch?feature=player_embedded&v=yqmD36JEKWI
edit: jucy part starts @17:00
Topic: BitcoinATM debut today? (Read 4056 times)
http://www.youtube.com/watch?feature=player_embedded&v=yqmD36JEKWI
edit: jucy part starts @17:00
P.S. Can someone stick this video on youtube?
http://www.youtube.com/watch?feature=player_embedded&v=yqmD36JEKWI
I don't understand why they don't have bitcointalk on their further reading list at all... let alone at the top of the list 
Don't want to give people the wrong impression?
Very interesting, although considering the special properties of bitcoin that make it very atm-unfriendly (having to wait for confirmations) I think maybe it would be appropriate to think 'outside the atm-box' for a solution. Waiting 10 minutes minimum around an ATM doesn't sound like it's going to exactly catch on.
That won't be necessary. The ATM machine knows immediately that it has cash. As long as the connection between the machine and the blockchain is secure, the user goes away knowing the transaction will go through, and the ATM owner needn't worry because he possesses the local currency. Any waiting period is irrelevant.
I would assume that crazy_rabbit it talking about when you put bitcoins in and take cash out.
Will the machine distribute cash immediately without any confirmations? If not then you'd need to stand guard at the ATM until your transaction got confirmed.
P.S. Can someone stick this video on youtube?
Which is why I added that caveat. It's a vulnerability, sure, but that's up to the ATM companies to sell us on their security.
Very interesting, although considering the special properties of bitcoin that make it very atm-unfriendly (having to wait for confirmations) I think maybe it would be appropriate to think 'outside the atm-box' for a solution. Waiting 10 minutes minimum around an ATM doesn't sound like it's going to exactly catch on.
That won't be necessary. The ATM machine knows immediately that it has cash. As long as the connection between the machine and the blockchain is secure, the user goes away knowing the transaction will go through, and the ATM owner needn't worry because he possesses the local currency. Any waiting period is irrelevant.
I would assume that crazy_rabbit it talking about when you put bitcoins in and take cash out.
Will the machine distribute cash immediately without any confirmations? If not then you'd need to stand guard at the ATM until your transaction got confirmed.
P.S. Can someone stick this video on youtube?
Very interesting, although considering the special properties of bitcoin that make it very atm-unfriendly (having to wait for confirmations) I think maybe it would be appropriate to think 'outside the atm-box' for a solution. Waiting 10 minutes minimum around an ATM doesn't sound like it's going to exactly catch on.
That won't be necessary. The ATM machine knows immediately that it has cash. As long as the connection between the machine and the blockchain is secure, the user goes away knowing the transaction will go through, and the ATM owner needn't worry because he possesses the local currency. Any waiting period is irrelevant.
Ok here is the ~ 152 MB flv video:
http://www.wikitransfer.ch/2Yv/BitcoinAtm_demo_by_Justin_Oh.flv
Some screenshots to see the quality:
It downloads in free mode at about ~ 500 kB/s (does anyone offer faster free speed?)
If I get my hands on the larger video (~ 2GB) I will try to re-encode it to make it smaller - if it does make any sense and upload it as well.
P.S. I assume this is promo video so sharing it won't make anyone angry.
http://www.wikitransfer.ch/2Yv/BitcoinAtm_demo_by_Justin_Oh.flv
Some screenshots to see the quality:
It downloads in free mode at about ~ 500 kB/s (does anyone offer faster free speed?)
If I get my hands on the larger video (~ 2GB) I will try to re-encode it to make it smaller - if it does make any sense and upload it as well.
P.S. I assume this is promo video so sharing it won't make anyone angry.
Very interesting, although considering the special properties of bitcoin that make it very atm-unfriendly (having to wait for confirmations) I think maybe it would be appropriate to think 'outside the atm-box' for a solution. Waiting 10 minutes minimum around an ATM doesn't sound like it's going to exactly catch on.
He did mention a custom app is coming. I guess one could send BTC to the address shown by the app anytime, and then you just go to the ATM and withdraw cash using some code that the app has for your transaction. Viola, no waiting required!
wow wow wow
http://www.10news.com/news/worlds-first-bitcoin-atm-coming-to-san-diego-050213
Well it'll be on the news tonight... and it's fucking cool
http://www.10news.com/news/worlds-first-bitcoin-atm-coming-to-san-diego-050213
Well it'll be on the news tonight... and it's fucking cool
Very interesting, although considering the special properties of bitcoin that make it very atm-unfriendly (having to wait for confirmations) I think maybe it would be appropriate to think 'outside the atm-box' for a solution. Waiting 10 minutes minimum around an ATM doesn't sound like it's going to exactly catch on.
The whole point of this machine is to put in dirty fiat money. And that is a hell of a business. 
Very interesting, although considering the special properties of bitcoin that make it very atm-unfriendly (having to wait for confirmations) I think maybe it would be appropriate to think 'outside the atm-box' for a solution. Waiting 10 minutes minimum around an ATM doesn't sound like it's going to exactly catch on.
It looks promising, hope that it will attract much media attention 
and get some investors buying while the price is low so they can see a quick ROI.
It looks promising, hope that it will attract much media attention
this is good news. hopefully someone can upload to youtube.
In my experience, downloading from Livestream is really faster if you use wget.
The direct Livestream file link is http://vod6.livestream.com//events/00000000001fa8ae/4c39b98e-c935-4384-b807-1e880f63ab6c_225.mp4?v=2.10.3&fp=WIN%2011,3,300,262&r=YOMBN&g=ONGOYUMRTHIP But then again it's Livestream. It's not going to download fast.
Or if you'd rather steam it normally, http://new.livestream.com/accounts/3824848/events/2074798
Or if you'd rather steam it normally, http://new.livestream.com/accounts/3824848/events/2074798
anyone go?
BitcoinATM is announcing its grand inauguration and launch press conference and reception. BitcoinATM will be unveiling its G6000 BitcoinATM at the Hotel Del Coronado in San Diego, CA on Thursday, May 2, 2013 at 1pm. The machine will be displayed and presented as fully functional for both cash in and cash out capabilities with a real time presentation showing the funds flowing into or out of bitcoin wallets.
BitcoinATM is announcing its grand inauguration and launch press conference and reception. BitcoinATM will be unveiling its G6000 BitcoinATM at the Hotel Del Coronado in San Diego, CA on Thursday, May 2, 2013 at 1pm. The machine will be displayed and presented as fully functional for both cash in and cash out capabilities with a real time presentation showing the funds flowing into or out of bitcoin wallets.
The ATM demo/press conference was supposed to have happened at 1pm today.
I wish there was a live feed or a link to it.
I wish there was a live feed or a link to it.
Here you go: http://new.livestream.com/accounts/3824848/events/2074798
I can still access the presentation and demo after the fact.
Feels like a momentous event in Bitcoin history.
Thanks!! Now I can watch it at work
The ATM demo/press conference was supposed to have happened at 1pm today.
I wish there was a live feed or a link to it.
I wish there was a live feed or a link to it.
Here you go: http://new.livestream.com/accounts/3824848/events/2074798
I can still access the presentation and demo after the fact.
Feels like a momentous event in Bitcoin history.
There was a live feed. It was a full room with lots of press. It is an impressive machine, but I don't expect them to go into production until next year at the earliest.
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