A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
A subreddit dedicated to the sharing of information about Bitcoin ATMS (BTC-ATM): * Where to find local BTC-ATMs * Where to buy BTC-ATMs * Different types of BTC-ATMs * How to use BTC-ATMs * Legal issues of operating BTC-ATMs in your Country/State
Six Lamassu Bitcoin-Cash-Only ATMs heading to North Queensland!
Made the final payment on six Bitcoin Cash Only ATMs (437d190913bed05cfd96f8ea7210af56087ce603da80d925d19b3b2b021f94dd) to help with North Queensland demand for Bitcoin Cash. These ATMs are Bitcoin Cash only to allow new Bitcoin Cash users to experience the incredible speed of Bitcoin Cash purchases (eliminating a complete step in the normal ATM process). Merchants are also encouraged to adopt Bitcoin Cash Only which together with 0-conf, serve to optimize their UX for an unparalleled over-the-counter point-and-shoot customer purchasing experience. So fast are these POS systems that a customer typically finds it more convenient to make several point-and-shoot purchases rather than the conventional aggregation of items for a single payment. Such systems also avoid physical user contact common with most public Credit Card machines, instead allowing the user the familiarity and convenience of their own BCH wallet - a feature particularly useful for tourists operating in an unfamiliar country like Australia.
My experience with the various Bitcoin ATMs (Robocoin, Lamassu, Bitcoin Briefcase)
So this month I got the chance to interact with various Bitcoin ATMs - I played a bit with Robocoin today, and tested out Lamassu and the Bitcoin Briefcase during Money2020 event. So here are my thoughts on them as well as some other information people are interested in. So first of all, Robocoin. It's the only one of those that both sells and purchases Bitcoin. The process is a bit cumbersome to start (having to scan your hand a few times to create an account and wait a few minutes for a mechanical turk to verify that it's in fact the right hand and so forth), but after that it's pretty straightforward. Some people were concerned about the palm scanner (both online and at the location). The developers of the ATM explained that they need to do that since they need to limit one person from buying more than $3k worth per day so they don't fall under AML regulations. They had a choice of scanning your ID, or fingerprints or the palm and they chose the last one since there isn't a database for palms that would link that scan to your identity. Given the restrictions they had to work with, I don't think that was a bad choice. At the same time I know a lot of people are very security conscious and would rather avoid that altogether - both sides of the argument have their fair points. I talked a bit with the developers of Robocoin as well as listened in to one of my friends ask them some interesting questions about security and other things. All in all I must say they came off as very competent people. They know their technical things, as well as various regulatory issues (for example apparently if someone prints a paper wallet on the machine, loads it up and then sells / gives it to someone else that's creating a derivative market and technically you shouldn't be doing that). As for the machine itself, I would say it's a little crude at the moment. Since it has so many widgets, scanners and so forth it's easy to get lost in the process of using it. I definitely would like it refined over a few iterations. Other than that, it does everything you'd expect it to do - you can load up your phone wallet through QR scanner, create a paper wallet on the spot if you don't have a wallet yet, and you can buy and sell bitcoins as needed. Apparently the ATM does Bitstamp rate +3% (I might be wrong about the exact exchange, but I know it's not the Canadian VirtEx, since they were quite unresponsive in communicating with the developers). While the rate might not be that great in comparison to some other ways of getting BTC, but in Canada it's not entirely unreasonable with VirtEx charging pretty high fees by itself. So overall, Robocoin is an interesting ATM with some good developers behind it, but it needs some more work put in to streamline the experience. Now about the other two ATMs. Lamassu is a bit of opposite of Robocoin. It has a small and elegant form factor, has just a camera QR scanner, a deposit slot and a display monitor. You can only buy bitcoins with it. Since it has limited options on what it does, the process is quite straightforward - put money in, scan address and send bitcoins. I don't know how they will be handling the AML regulations - it will be an interesting thing to see what their approach will be once they start releasing their ATM into the wild. Bitcoin Briefcase has neither the elegant form of a Lamassu nor the versatility of Robocoin, but it's a fun little hack to carry around to get people interested in Bitcoin. It only takes change and pays out into a paper wallet it prints. It has a small display bar, a slot to put coins in, a wallet printer and a button to accept your purchase. It's not really a tool for frequent Bitcoin purchases, but definitely an interesting prop to bring along with to introduce people to Bitcoin easily. So overall, it's really interesting to see what is being developed in this space. Robocoin is a big machine that might not fit everywhere, so it needs it's own dedicated space in some Bitcoin-accepting business. Lamassu is elegant and small enough to be placed on some extra bit of counter space available. The Briefcase is a neat hack that you can take wherever you go.
Lamassu Products. The first archetype of this project came into the fray in February 2013. Back then, it was a wooden box. Since then, the device has undergone massive improvements and is now available in three different iterations; Douro. This is the most recent rendition of the pioneering Bitcoin ATM. Its simplistic, distinctive and miniature ... Lamassu's software supports Bitcoin, Zcash, Ethereum, Bitcoin Cash, Litecoin, and Dash. Operators may add additional coins through custom development, due to their open-source software. The machines feature a one-year limited warranty on hardware. Their support knowledge base and software are free. Ongoing support is covered by Lamassu’s optional Service Level Agreement and machine and ... Lamassu Picks Switzerland for Its Well-Defined Rules. In a blog post published on Medium, the oldest Bitcoin ATM manufacturer established in 2013 explains that “after years” of searching for the best place for their headquarters, they finally found it in the canton of Lucerne, adding that:. Crypto Valley is alive and kicking and we’re excited to be in an area so rich in crypto ... Lamassu, einer der weltweit ersten Hersteller von Bitcoin-Automaten, hat eine neue Heimat in der Schweiz gefunden. Wie es vonseiten des Unternehmens heißt, sei die Wahl des zukünftigen Produktionsstandortes dabei auf den Kanton Luzern gefallen. Lamassus Ansiedlung spiegelt einen breiten Trend wieder: Bereits seit Längerem lockt das Alpenland Krypto-Unternehmen mit einem günstigen ... Bitcoin ATMs in stock! Lamassu jump-started the cryptomats industry by creating the world’s first Bitcoin ATM. Six years later, we present a whole new generation of multi-cryptocurrency machines.
Creators of the world's first and finest #Bitcoin ATMs. Our software is completely open source. Learn how to start a Bitcoin ATM business: https://lamassu.is... Lamassu, Inc. CEO Zach Harvey demonstrates The Bitcoin Machine, an ATM that dispenses Bitcoin for cash. More from The Verge: Subscribe: http://www.youtube.co... Lamassu Bitcoin ATM Live at Plug and Play Tech Center - Duration: 1:32. Plug and Play Tech Center 30,425 views. 1:32. Bitcoin- Las Vegas - Duration: 2:03. Nikiya Berry 444 views. 2:03 . How to ... Getting Bitcoin can't be easier - https://lamassu.is/order/ All features at a glance 6mm hardened Swedish steel vault, 2.5mm steel enclosure Advanced open source admin backend enables full remote ... Starting a Bitcoin (ATM) business - Zach & Josh Harvey, Co-Founders of Lamassu https://www.meetup.com/Bitcoin-Meetup-Switzerland/events/238794401/ http://bit...