Bitcoin News
Daily diary of what's happening with Bitcoin.
A discussion on Bitcoin at the 2013 New Hampshire LIberty Forum, an annual gathering of voluntaryists and Libertarians, included panelists Erik Voorhees (@ErikVoorhees), Roger Ver (@RogerKVer) and Charlie Shrem (@CharlieShrem).
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Declan McCullagh (@DeclanM), writer for CNET, covers the reveal of a new Bitcoin ATM/vending system at this past weekend’s Liberty Forum event in New Hampshire. Excerpts:
“[This ATM is] the opposite of a traditional automated teller that dispenses currency. Instead, these Bitcoin ATMs will accept dollar bills — using the same validation mechanism as vending machines — and instantly convert the amount to Bitcoins and deposit the result in your account.”
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“To obtain Bitcoins, people use an iPhone app like Blockchain or Android’s BitcoinSpinner to show the ATM a QR code with their desired address for payments. After they insert a dollar bill (denominations up to $100 are accepted), the ATM automatically credits their Bitcoin account with the proceeds. There’s a 1 percent transaction fee.”
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“‘Even people who have been in the Bitcoin world for a while and have used every type of exchange are blown away by the simplicity of this machine,’ Harvey says. ‘I am just putting in a dollar. Before they really know what’s going on, their phone tells them, ‘You have Bitcoin.””
- http://cnet.co/YNxrmU
- http://bitcointalk.org/index.php?topic=146397.0 (Further discussion of the device)
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