Topic: We should stop using the term Bitcoin ATM (Read 1241 times)
why boycott ATM ？ Dont give a fck on FinCEN , btc need to be popularized first
Bitcoin Bucket.
as in: "I'm just going up the road to use the bitcoin bucket"
LOL! Sounds pretty catchy... I could see Bitcoin ATM's being referred to as something like a "bucket".as in: "I'm just going up the road to use the bitcoin bucket"
BM - Bitcoin Manager
People using the wrong technical terms for things is nothing new... I think when people say "Bitcoin ATM", we all know what they're referring to even though it may not be technically correct.
How is it a money transmitter if it sells bitcoins?
See the FinCEN guidelines: http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
crypto -cashier
Bitcoin Bucket.
as in: "I'm just going up the road to use the bitcoin bucket"
as in: "I'm just going up the road to use the bitcoin bucket"
So dispenser or vending?
So the Bitcoin Box Thingy?
Bitcoin Transfer Device ( BTD ) 
or more accurately, Bitcoin Exchange Device ( BED )
or more accurately, Bitcoin Exchange Device ( BED ) 
How is it a money transmitter if it sells bitcoins?
The term Automatic Teller Machine (ATM) has connotations that come with it that could be avoided if we just avoid using that term.
Sexual connotations... like Ass to Mouth
.Automatic Bitcoin machine
ABM: which sometimes stands for Automatic Banking Machine were I live.
ABM stands for Atmospheric Black Metal where I live
. The term Automatic Teller Machine (ATM) has connotations that come with it that could be avoided if we just avoid using that term.
How many Coke ATMs have run into regulation difficulty? When getting tokens out of a token ATM did you need to have your hand scanned?
There is even a gold dispenser. No regulations necessary.
How many Coke ATMs have run into regulation difficulty? When getting tokens out of a token ATM did you need to have your hand scanned?
There is even a gold dispenser. No regulations necessary.
Except there are regulations necessary!
A bitcoin ATM is a money transmitter and needs to be licensed appropriately as such.
There is no getting around this by simply calling it a "bitcoin dispenser" or something.
Changing the name doesn't change what it does.
Automatic Bitcoin machine
ABM: which sometimes stands for Automatic Banking Machine were I live.
So, BTC is a commodity? Got it.
Automatic Bitcoin machine
Either one--the point is to avoid the term ATM.
BTW I agree with OP. A teller is a functionary of a bank, and banks warrant regulation. As long as you are not "changing" money, or dispensing fiat there should be no need for regulation beyond that required for candy machines.
BTW I agree with OP. A teller is a functionary of a bank, and banks warrant regulation. As long as you are not "changing" money, or dispensing fiat there should be no need for regulation beyond that required for candy machines.
So dispenser or vending?
The term Automatic Teller Machine (ATM) has connotations that come with it that could be avoided if we just avoid using that term.
How many Coke ATMs have run into regulation difficulty? When getting tokens out of a token ATM did you need to have your hand scanned?
There is even a gold dispenser. No regulations necessary.
How many Coke ATMs have run into regulation difficulty? When getting tokens out of a token ATM did you need to have your hand scanned?
There is even a gold dispenser. No regulations necessary.
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