48
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Oct 2023
48 points (100.0% liked)
Technology
37739 readers
714 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
As someone who tinkered with crypto and understands basic security, I don't understand why anyone trusts these shady looking atm things. They've popped up on the weirdest places and I don't see why anyone would share their information with them
To be scammed untraceably even if you can barely use a PC.
I think they're mostly targeted at people who don't understand crypto. Localmonero or localbitcoin peer to peer marketplaces are so much better than these ATM contraptions.
But if you need to buy something with Bitcoin, and you don't have any on-ramps, the ATM works. It's right there, it's immediate, it's kind of novel.
But yeah, giving those ATMs any personal information is insane. I can't see anybody doing that.
Completely unrelated, I live in an environment where anybody can go up to an ATM and type in a bank account number, and make a deposit. So localmonero just works very efficiently, just find a peer on the site, initiate a trade, go to an ATM make a deposit, have instant delivery of your crypto. Or vice versa.
So these cryptospecific ATMs are just a function of a specific banking system, cuz in places where you have more friendly ATMs, they're totally outclassed