Bitcoin ATM maker announces plans to expand to U.S. and beyond

[cemaphonic]

51. I'll play

1)14gb and growing, leading to serious scalability problems, should the (non-speculative) bitcoin economy ever grow beyond drugs, and the occasional retail business

2) A flaw in the protocol that led to magic the gathering online exchange being robbed blind. Apparently, the other exchanges have hacked around it, but a security flaw intrinsic to an unregulated payment system is just asking to be exploited.

3) No, and I don't know how Visa handles their internal accounting either. However, I do know that if there is a problem with my credit card, there are safeguards in place to protect my money.

4) They're verifying the transactions. This costs electricity and thus money, which makes the bitcoin pitch of low/no-cost transactions rather hollow. Also, slow compared to services like credit/debit cards or PayPal.

5) Related to 4. Goddamn waste of electricity to reinvent the wheel.

6) Don't care

7) If it's being promoted by a bitcoin true-believer, some combination of vaporware and fraud.

Also, Digital currency? Already here. Cash accounts for under 10% of transactions these days, everything else is accounts on computers. Bitcoin is like the Wright brothers cobbling together airplanes that don't go very far and crash frequently preaching the good news of the coming days of aviation to a society that has had jet travel for decades. Only with a lot more fraud.