shelf-life for bitcoin ATM machines?

Elwar

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Quote from: antimattercrusader on May 17, 2013, 02:33:55 PM

Quote from: madmadmax on May 17, 2013, 08:18:48 AM

Quote from: empoweoqwj on May 17, 2013, 08:05:44 AM

or put another way, do we really need them?

How far away is a life when all you need to pay for stuff is a smartphone with some btc in?

With smartphones batteries being depleted faster and faster every year as they add a bunch of neons to it I doubt it will be viable.

Why don't I make a credit card sized digital BTC wallet (Think the good ol' rex http://en.wikipedia.org/wiki/REX_5000) which has the ability to:
- Manually Enter Address
- Scan QR Codes via small camera on the back
- Display QR Code
- GSM/3G/wifi/BT connectivity for network access - but is only connected on demand
- Some type of pin code or biometric security?

Battery life on a device like this could be very good - months perhaps. Especially if you have an old school monochrome LCD, backlight which is only on in dark conditions, and carefully manage the connectivity). Future payment terminals could broadcast bluetooth PAN connections (or something equivlent) to allow low powered access.

Thoughts?

http://bitcoincard.org/

alkuluku

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Quote from: empoweoqwj on May 17, 2013, 08:05:44 AM

How far away is a life when all you need to pay for stuff is a smartphone with some btc in?

At least decades away. And if the question is limited to bitcoins, I think it's quite likely it'll never happen.

alkuluku

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Quote from: Mylon on May 17, 2013, 08:52:14 AM

Quote from: Gabi on May 17, 2013, 08:45:46 AM

Currently with "bitcoin ATM"we speak about something that act as an exchange between fiat and bitcoin

+1

And completely answers the question

yes we need it.

If we need these kind of ATMs, we can go back and ask do we need bitcoins.

antimattercrusader

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Quote from: madmadmax on May 17, 2013, 08:18:48 AM

Quote from: empoweoqwj on May 17, 2013, 08:05:44 AM

or put another way, do we really need them?

How far away is a life when all you need to pay for stuff is a smartphone with some btc in?

With smartphones batteries being depleted faster and faster every year as they add a bunch of neons to it I doubt it will be viable.

Why don't I make a credit card sized digital BTC wallet (Think the good ol' rex http://en.wikipedia.org/wiki/REX_5000) which has the ability to:
- Manually Enter Address
- Scan QR Codes via small camera on the back
- Display QR Code
- GSM/3G/wifi/BT connectivity for network access - but is only connected on demand
- Some type of pin code or biometric security?

Battery life on a device like this could be very good - months perhaps. Especially if you have an old school monochrome LCD, backlight which is only on in dark conditions, and carefully manage the connectivity). Future payment terminals could broadcast bluetooth PAN connections (or something equivlent) to allow low powered access.

Thoughts?

empoweoqwj

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Quote from: Mylon on May 17, 2013, 08:23:05 AM

Well from what I understood, they convert local currency into BTC, so as long as local currency exists, there will be a real use for BTC ATMs.

The moment local currencies die out... physical bitcoin coins, (or a percentage of them) are most likely going to happen. (the amount of times the battery on my phone is dead... bizarre)

Having a trusted entity, distributing coins, always having them digitally, will be very handy. Casascius started this, in the right way imo (having private keys in the coin). But I would see a couple of big entities (formerly known as governments) pop up, having a big amount of bitcoins, and distributing physical coins, always backed by the bitcoins they have. Basically building a layer on top of bitcoin, to be able to do fully physical transactions. (like we do real cash txns right now)

I might prove handy, but it all depends on peoples willingness to adopt it.

update: Casascius explains the problem really well, http://casascius.wordpress.com/2013/04/24/i-made-a-video-as-a-reply-to-ron-paul/
update2: you want the ATM for the same reason you want a regular ATM to withdraw cash. (either by currency converison, or by conversion from digital to physical, or from physical to digital)

i watched that entire video. Its a way to explain bitcoin to people > 70 years of age, or IQ < 70, and they would probably come out more confused.

You don't need to turn bitcoins into physical objects or make impressions of rocks into paper to explain bitcoin to normal people. People get it. Its an e-currency. People are used to "virtual stuff" these days. You can't actually see money in your bank account when you view your statement online. Its just there.

I think the idea of people walking around with physical bitcoins in their pockets is complete nonsense that will never happen, and actually very condescending. The "youf" would ltao

The bitcoin network, the blockchain, is the trusted entity. That's why it works. We don't need rocks in our pockets Huh

Mylon

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Quote from: Gabi on May 17, 2013, 08:45:46 AM

Currently with "bitcoin ATM"we speak about something that act as an exchange between fiat and bitcoin

+1

And completely answers the question

yes we need it.

Gabi

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If you want to walk on water, get out of the boat

Currently with "bitcoin ATM"we speak about something that act as an exchange between fiat and bitcoin

empoweoqwj

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Quote from: Gabi on May 17, 2013, 08:12:41 AM

You need to buy these btc first. And almost no one have them!

Well u won't need a bitcoin-ATM machine if you don't have any bitcoins Grin

I'm talking about a bitcoin-only world for those that chose to adopt it.

Let's presume you don't just have a smartphone, you have a way of recharging it as well .... didn't realize smartphone charging was the thing most likely to kill bitcoins Wink

Mylon

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Well from what I understood, they convert local currency into BTC, so as long as local currency exists, there will be a real use for BTC ATMs.

The moment local currencies die out... physical bitcoin coins, (or a percentage of them) are most likely going to happen. (the amount of times the battery on my phone is dead... bizarre)

Having a trusted entity, distributing coins, always having them digitally, will be very handy. Casascius started this, in the right way imo (having private keys in the coin). But I would see a couple of big entities (formerly known as governments) pop up, having a big amount of bitcoins, and distributing physical coins, always backed by the bitcoins they have. Basically building a layer on top of bitcoin, to be able to do fully physical transactions. (like we do real cash txns right now)

I might prove handy, but it all depends on peoples willingness to adopt it.

update: Casascius explains the problem really well, http://casascius.wordpress.com/2013/04/24/i-made-a-video-as-a-reply-to-ron-paul/
update2: you want the ATM for the same reason you want a regular ATM to withdraw cash. (either by currency converison, or by conversion from digital to physical, or from physical to digital)

madmadmax

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Quote from: empoweoqwj on May 17, 2013, 08:05:44 AM

or put another way, do we really need them?

How far away is a life when all you need to pay for stuff is a smartphone with some btc in?

With smartphones batteries being depleted faster and faster every year as they add a bunch of neons to it I doubt it will be viable.

Gabi

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If you want to walk on water, get out of the boat

You need to buy these btc first. And almost no one have them!

empoweoqwj

hero member

Activity: 518

Merit: 500

or put another way, do we really need them?

How far away is a life when all you need to pay for stuff is a smartphone with some btc in?

Topic: shelf-life for bitcoin ATM machines? (Read 1985 times)