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Don't use a Bitcoin ATM

submitted by spawnflagger

9 years 7 months 2 weeks ago

Norm and Will from Tested try out a Bitcoin ATM in Austin. Then they try to buy things with it. $665 for 1 sloppy taco.

10 Comments

Note this video was from back in April. Follow up full story here:
http://www.tested.com/tech/concepts/460601-where-we-went-wrong-buying-bitcoin-atm/

Oh man...how do I buy a bitcoin ATM? I want 7! I'll put them all in airports and just hope people never come back to redeem their worthless receipt.
I'm only 1/2 kidding about that. It sounds like a money printing machine.

This is a great way to commit fraud. I mean who's at the other end taking his hand print and Federal ID?
It feels like eventually, there's a guy in the Middle East creating fake travel IDs. This guy's ID will turn up on a terrorist soon.

Ignoring the geographical prejudice, yeah this definitely seems like an entirely exploitable avenue for fraud. I can think of dozens of ways to dupe this system.

This is a great way to commit fraud. I mean who's at the other end taking his hand print and Federal ID?
It feels like eventually, there's a guy in the Middle East creating fake travel IDs. This guy's ID will turn up on a terrorist soon.

*nsfw

This video has been flagged as being Not Suitable For Work - declared nsfw by brycewi19.

Moving this video to spawnflagger's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

*beg

Sending this video to Beggar's Canyon to plea for a little attention - beg requested by original submitter spawnflagger.

FlowersInHisHair

How can you use bitcoins to pay anonymously for stuff if you have to give all that ID!? Also the guy not doing the purchasing is super-annoying

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