First US Bitcoin ATMs Coming to Seattle and Austin
First US Bitcoin ATMs Coming to Seattle and Austin
by The Dharma Bum » Tue Feb 18, 2014 9:16 am
-
The Dharma Bum - Vice President
- Posts: 11594
- Joined: Tue Aug 21, 2012 10:31 am
- Gender:
- Has thanked: 3285 times
- Been thanked: 617 times
- Political Leaning: Anarcho Communist
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by Bauce » Tue Feb 18, 2014 9:17 am
What would you do at a bitcoin ATM? Bitcoins aren't physical objects are they? What would these ATMs dispense.
-
Bauce - Banned
- Posts: 1578
- Joined: Sat Oct 12, 2013 10:07 am
- Gender:
- Has thanked: 152 times
- Been thanked: 175 times
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by The Dharma Bum » Tue Feb 18, 2014 9:33 am
They load bitcoins into your wallet on your mobile device. There are all kinds of wallet apps available.
-
The Dharma Bum - Vice President
- Posts: 11594
- Joined: Tue Aug 21, 2012 10:31 am
- Gender:
- Has thanked: 3285 times
- Been thanked: 617 times
- Political Leaning: Anarcho Communist
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by Bauce » Tue Feb 18, 2014 9:36 am
Why do you need to connect to a physical hub though? If it's all digital can't you just do it on your mobile device without an ATM?
-
Bauce - Banned
- Posts: 1578
- Joined: Sat Oct 12, 2013 10:07 am
- Gender:
- Has thanked: 152 times
- Been thanked: 175 times
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by Dylan » Tue Feb 18, 2014 9:52 am
ATMs are part of the lifestyle of the investor class.
-
Dylan - Vice President
- Posts: 10741
- Joined: Sun Aug 19, 2012 1:34 pm
- Gender:
- Has thanked: 1038 times
- Been thanked: 916 times
- Political Leaning: Middle of the Road
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by The Dharma Bum » Tue Feb 18, 2014 9:59 am
It's like an automated local exchange, basically
Now there are two ways to get coins. You have to either get bitcoins through a service like coinbase, which requires a 2 week long KYC/AMC verification process. Or you can buy them from individuals at a local exchange and meet to exchange the cash for the coins and do the transfer through an escrow service.
This ATM eliminates that.
Currently the interface between fiat currency and digital currency economies is rather rough to navigate due to onerous US monetary regulations. This makes it a lot easier for people who are new to digital currencies to get involved.
Now there are two ways to get coins. You have to either get bitcoins through a service like coinbase, which requires a 2 week long KYC/AMC verification process. Or you can buy them from individuals at a local exchange and meet to exchange the cash for the coins and do the transfer through an escrow service.
This ATM eliminates that.
Currently the interface between fiat currency and digital currency economies is rather rough to navigate due to onerous US monetary regulations. This makes it a lot easier for people who are new to digital currencies to get involved.
-
The Dharma Bum - Vice President
- Posts: 11594
- Joined: Tue Aug 21, 2012 10:31 am
- Gender:
- Has thanked: 3285 times
- Been thanked: 617 times
- Political Leaning: Anarcho Communist
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by The Dharma Bum » Tue Feb 18, 2014 10:01 am
-
The Dharma Bum - Vice President
- Posts: 11594
- Joined: Tue Aug 21, 2012 10:31 am
- Gender:
- Has thanked: 3285 times
- Been thanked: 617 times
- Political Leaning: Anarcho Communist
Re: First US Bitcoin ATMs Coming to Seattle and Austin
by The Comrade » Tue Feb 18, 2014 10:44 am
This seems like teeth on an asshole
-
The Comrade - Vice President
- Posts: 18439
- Joined: Sun Aug 19, 2012 1:10 pm
- Location: Yugoslavia
- Gender:
- Has thanked: 1212 times
- Been thanked: 1889 times
- Political Leaning: Socialist
Who is online
Users browsing this forum: No registered users and 0 guests