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First bitcoin ATM to debut in NYC
New York Post ^ | January 12, 2014 | 5:50am | Joseph Gallivan

Posted on 01/12/2014 7:20:10 AM PST by TsonicTsunami08

Bitcoin ATMs are coming to the city. Josh Harvey, co-founder of Lamassu, showed off the first bitcoin dispenser at last week’s Consumer Electronics Show and has found quite a bit of interest for the $5,000 machines. The machine, designed and manufactured in Portugal, looks like a typical deli ATM — but functions more like a vending machine. You put in US dollars and receive bitcoins back on your phone.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Computers/Internet; Science; Society
KEYWORDS: atm; bitcoin; bitcoinatm; ces; ces2014; coinbase; cryptocurrency; currency; dollarsforbitcoin; nyc
Of course this is not news so here it is in general chit-chat. Bitcoins rise is inevitable and proof once again that you can't stop an idea who's time has come!
1 posted on 01/12/2014 7:20:10 AM PST by TsonicTsunami08
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To: TsonicTsunami08

Bitcoin = Mark of the Beast.


2 posted on 01/12/2014 7:40:18 AM PST by Extremely Extreme Extremist (15 years of FReeping! Congratulations EEE!!)
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To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...
Thanks Sonic! It's amazing how fast this is all moving.


Click to be Added / Removed.

3 posted on 01/12/2014 7:40:32 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: TsonicTsunami08
Great interview:

Overstock.com CEO Patrick M. Byrne Discusses Accepting Bitcoin

4 posted on 01/12/2014 7:42:02 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: TsonicTsunami08

It will be the world currency. Welcome to the New World Order...on steroids.


5 posted on 01/12/2014 7:45:40 AM PST by livius
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To: TsonicTsunami08

“You put in US dollars and receive bitcoins back on your phone.”

It would have been bigger news if it were the other way around.


6 posted on 01/12/2014 7:51:38 AM PST by rightwingcrazy
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To: TsonicTsunami08

Well I guess if we can have a Kenyan for POTUS we can have a Bitcoin.


7 posted on 01/12/2014 7:52:12 AM PST by Rappini (Veritas vos Liberabit)
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To: Rappini

Educate yourself. Bitcoin transcends nation states, and the ability of politicians to corrupt currencies. Its timing couldn’t be better.


8 posted on 01/12/2014 7:56:14 AM PST by pingman (In the Land of the Perpetually Outraged, truth is the enemy.)
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To: Errant

Yep, Mr. Byrne is correct. Companies can’t afford to let the 3-4% slide that credit cards charge merchants. This amount will double profits for corporations with tight margins.
What a wonderful time to be alive to witness this paradigm shift.


9 posted on 01/12/2014 7:56:45 AM PST by TsonicTsunami08
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To: Revolting cat!

Does it take pogs?


10 posted on 01/12/2014 7:57:50 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: rightwingcrazy

That can be arranged. You can get USD back from a company like Coinbase in exchange for Bitcoin. My question is ( watching the rapid growth of Bitcoin) why would you want to do that?


11 posted on 01/12/2014 8:00:46 AM PST by TsonicTsunami08
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To: pingman

Agree 100%, the timing could not be better. It is like a God sent lifeboat, nothing beastly about it.


12 posted on 01/12/2014 8:06:57 AM PST by TsonicTsunami08
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To: TsonicTsunami08

“co-founder of Lamassu, showed off the first bitcoin dispenser at last week’s Consumer Electronics Show”

Cool! I’ve always wondered what a bitcoin looked like! Are they going to have different denominations? If so, whose pictures will be embossed on the obverses? I propose Jon Von Neumann, J. Presper Eckert and John William Mauchly.


13 posted on 01/12/2014 8:07:13 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: TsonicTsunami08

“My question is ( watching the rapid growth of Bitcoin) why would you want to do that?”

To buy a Snicker bar, say, or rent an apartment. It’s just not that fungible at this point.


14 posted on 01/12/2014 8:12:25 AM PST by rightwingcrazy
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To: a fool in paradise

Does the vending machine in the men’s washroom at Big Joe’s Truckstop Diner take Bitcoins?


15 posted on 01/12/2014 8:12:34 AM PST by Rodamala
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To: Rodamala; Revolting cat!
Does the vending machine in the men’s washroom at Big Joe’s Truckstop Diner take Bitcoins?

Which brings up the unusual question, does the CDC offer free ribbed condoms "for her pleasure"? #WARONWOMINCONTINUES

16 posted on 01/12/2014 8:20:59 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: Rodamala

It will, and sooner than you think. The misconception is that BC has to be converted int USD for use; not at all.


17 posted on 01/12/2014 8:22:27 AM PST by pingman (In the Land of the Perpetually Outraged, truth is the enemy.)
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To: TsonicTsunami08

Can I put Monopoly Money in those machines to get Bitcoins?


18 posted on 01/12/2014 8:22:38 AM PST by Slyfox (We want our pre-existing HEALTH INSURANCE back!)
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To: rightwingcrazy

1 Bitcoin is divisible by 100,000,000 Satoshi ( cents for lack of a better term) that is fungibility my friend.

You won’t have to wait much longer to go to the corner store and pay with Bitcoin. The adoption curve is about to go parabolic!


19 posted on 01/12/2014 8:22:54 AM PST by TsonicTsunami08
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To: rightwingcrazy
“You put in US dollars and receive bitcoins back on your phone.”

In 5 years, you'll put in US dollars and receive laughter back on your phone.

20 posted on 01/12/2014 8:50:58 AM PST by Dr.Deth
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To: TsonicTsunami08
Reminds me of a classic scene from The Office:
Dwight: Very good. You have earned one Schrute buck.
Stanley: I don't want it.
Dwight: Then you have been deducted 50 Schrute bucks.
Stanley: Make it a hundred.
Dwight: Wh...don't you wanna earn Schrute bucks?
Stanley: No. In fact, I'll give you a billion Stanley nickels if you never talk to me again.
Dwight: What's the ratio of Stanley nickels to Schrute bucks?
Stanley: The same as the ratio of unicorns to leprechauns.

21 posted on 01/12/2014 9:17:57 AM PST by OldRanchHand
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To: OldRanchHand

hahahahahahahahaha LOL!


22 posted on 01/12/2014 9:20:11 AM PST by TsonicTsunami08
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To: TsonicTsunami08

These machines are going to be literally “cash cows” for their owners when they add up their “commissions” for the low-overhead transactions.


23 posted on 01/12/2014 9:34:38 AM PST by House Atreides
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To: House Atreides
Yes, you are correct. Some perspective as to where we are with Bitcoin. If you missed this wave here is your chance to catch it! Its like deja vu all over again. Steve Jobs and Bill Gates discuss the PC's future. Jobs' Palo Alto home, 1991
24 posted on 01/12/2014 9:51:38 AM PST by TsonicTsunami08
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To: Extremely Extreme Extremist
Bitcoin = Mark of the Beast.

A pretty unlikely candidate.

25 posted on 01/12/2014 10:19:04 AM PST by Lee N. Field ("You keep using that verse, but I do not think it means what you think it means.")
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To: TsonicTsunami08
"Please take your cash. Would you like a receipt? Thank you for banking with Bitcoin."


26 posted on 01/12/2014 11:18:44 AM PST by ProtectOurFreedom
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To: ProtectOurFreedom

And banks aren’t using binary code? The difference is Bankters know very little nor care to know about network security. Hence large security breaches of personal information via credit cards.
All this goes away with Bitcoin.


27 posted on 01/12/2014 1:49:23 PM PST by TsonicTsunami08
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To: livius
Welcome to the New World Order...on steroids.

The NWO is to be created by governments. So, why did you say that? BitCoin isn't. Just wanted to chime in with something?

28 posted on 01/12/2014 4:38:52 PM PST by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: pingman
Coming soon: Why come you don't have a tattoo?

Some would say mark of the beast.

29 posted on 01/12/2014 5:24:10 PM PST by Rodamala
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