libertyblitzkrieg.com
November 8, 2013
A little over a week ago, the world’s first Bitcoin ATM was launched to much fanfare in a Vancouver coffee shop called Waves Coffee. This particular machine is made by a company called Robocoin and they sell for $20,000 per unit. While I applaud the company for installing the world’s first Bitcoin ATM, I have been quite vocal in my opposition to their requirement that you use biometrics in order to access the machine (a palm scanner). I find this to be an unnecessary feature that will only serve to condition people to use biometrics for financial transactions and I view this as unacceptable.
Another company called Lamassu, Inc. is also building Bitcoin ATMs and their machines do no require biometrics, so I will be watching their rollout closely.
My strongly supportive public position on Bitcoin has been made clear for well over a year now. In fact, my first lengthy article on it was in August 2012, when it was still trading around $10/btc versus $300/btc today. The article was titled: Bitcoin: A Way to Fight Back Against the Financial Terrorists?
Related articles
- World’s First Bitcoin ATM Processes $100k in Transactions in its First 8 Days (libertyblitzkrieg.com)
- ZeroHedge: World’s First Bitcoin ATM Processes $100k In Transactions In Its First 8 Days (silveristhenew.com)
- World’s First Bitcoin ATM Processes $100k in Transactions in its First 8 Days (financialsurvivalnetwork.com)
- World’s First Bitcoin ATM Processes $100k in Transactions in its First 8 Days (thenewsdoctors.com)
- World’s First Bitcoin ATM Processes $100k In Transactions In Its First 8 Days (zerohedge.com)
- World’s First Bitcoin ATM Processes $100k In Transactions In Its First 8 Days (bitcoinvancouver.ca)
- World’s First Bitcoin ATM Processes $100k In Transactions In Its First 8 Days (therebel.org)
- First Bitcoin ATM gets 348 transactions in first 8 days. Now comes the hard part (gigaom.com)
- First Bitcoin ATM gets 348 transactions in first 8 days. Now comes the hard part (bitcoinvancouver.ca)
- People have bought or sold $100,000 in Bitcoins from a Vancouver ATM, firm says (washingtonpost.com)