NH-based entrepreneurs to launch Bitcoin ATM this week

Re:NH-based entrepreneurs to launch Bitcoin ATM this week by jrochkind1 on Monday May 13, 2013 @11:44AM (#5699311)

i don't get it, in what form/format does this machine 'dispense' bitcoins?

I'm not a bitcoin expert, but bitcoins are digital currency, right? How does a physical machine dispense digital currency? You attach a USB drive to it or something?

[ Parent | on HN ]

Re:NH-based entrepreneurs to launch Bitcoin ATM this week by thechut on Monday May 13, 2013 @11:52AM (#5699364)

I can't be sure of this. But my guess other than a USB drive like you mentioned would be, you simply input a Bitcoin address for them to be sent to.

This way you could send the Bitcoins to a personal wallet, online hosted wallet, or even straight to Mt. Gox.

Or perhaps it does something more physical like creating a new wallet for you and physically prints out the private key of the wallet for you to keep with you.

[ Parent | on HN ]

Re:NH-based entrepreneurs to launch Bitcoin ATM this week by sneak on Monday May 13, 2013 @12:59PM (#5699825)

Presumably you either show the machine a QR code on your phone/tablet (which represents a bitcoin payment address), or it prints out a private key for you to input into your software (which can then be swept of its coins).

[ Parent | on HN ]