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Topic: Would a Bitcoin ATM be an ATM or a Vending Machine? (Read 727 times)

legendary
Activity: 1386
Merit: 1004
I think it would be a vending machine.

Could be either. 

Vending machine as in drop in $20 and get a code worth $20 of BTC.  Or when price is more stable drop in $20 and get a private key with about $20 of btc.

As an ATM you are doing something more interactive such as both buying and selling.  You could give the ATM machine a code via QR to send BTC too.  Both models could work each with advantages. 
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
^^ The above post was a joke, but I clicked submit accidentally and forgot I can't edit my own posts anymore. Thanks Obama.

Did I just learnt that a person tagged can't edit their posts?
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
^^ The above post was a joke, but I clicked submit accidentally and forgot I can't edit my own posts anymore. Thanks Obama.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Matthew, Bitcoin is not "stored value" because it isn't backed by anything.

I meant values in a programmatic integral sense. Variable = value.
legendary
Activity: 1330
Merit: 1000
Matthew, Bitcoin is not "stored value" because it isn't backed by anything.
sr. member
Activity: 294
Merit: 250
I think it would be a vending machine.

Probably could be argued as that, but it would still be trading stored values and be subject to FinCEN regulation if that's what you're getting at.

Wasnt really trying to go anywhere. Just a random off topic question.
hero member
Activity: 509
Merit: 564
"In Us We Trust"
It would be an MSB  Tongue
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
I think it would be a vending machine.

Probably could be argued as that, but it would still be trading stored values and be subject to FinCEN regulation if that's what you're getting at.
sr. member
Activity: 294
Merit: 250
I think it would be a vending machine.
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