<p>The world's first bitcoin atm will be installed in atlanta. You enter cash or debit AFAIK, and it prints out a QR code of your bitcoins based on the current market value. Now all those credit card skimmers have to do is install a camera near the ATM, no need for those card skimmers with the 3g modems built in! Hopefully the printout will be covered to prevent this from occurring.</p>
<p>The major concern I have with bitcoin is how quickly it can be converted to cash. For example, can it only be done at one of the online exchanges?</p>
<p>Relevant links:</p>
<p><a href="http://www.reddit.com/r/Bitcoin/comments/1dkmol/it_lives_bitcoin_atm_about_to_see_how_this_goes/">http://www.reddit.com/r/Bitcoin/comments/1dkmol/it_lives_bitcoin_atm_about_to_see_how_this_goes/</a> </p>
<p><a href="http://www.bizjournals.com/atlanta/video/JvOHgwYjrHLaQlRRw6cC718c29CNKMe_?autoplay=1">http://www.bizjournals.com/atlanta/video/JvOHgwYjrHLaQlRRw6cC718c29CNKMe_?autoplay=1</a> </p>
<p><a href="http://www.coindesk.com/lamassu-ships-first-bitcoin-atm/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+(CoinDesk+-+The+Voice+of+Digital+Currency)">http://www.coindesk.com/lamassu-ships-first-bitcoin-atm/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+(CoinDesk+-+The+Voice+of+Digital+Currency)</a> </p>
<p>I am wondering if I could do IT work in exchange for bitcoins a</p>
<p>I also wonder why can't some make an ATM that let's you do the reverse of this? Eg: enter bitcoins, get cash in return. I believe the article below might help to answer that question. It states that bitcoin is a currency, a commodity, and a security. So basically, it's like entering your debit card into an ATM and getting back what Goldman Sachs thinks crude oil will cost six months from now. Hah! Ron Frazier, you'll find the humor in that (the theory is that gas costs so much is due to how heavily it's traded as a futures commodity, the biggest perpetrator being Goldman Sachs)</p>
<p><a href="http://pandodaily.com/2013/10/03/andreessen-bitcoin-is-like-the-early-internet/">http://pandodaily.com/2013/10/03/andreessen-bitcoin-is-like-the-early-internet/</a> </p>
<p>Further info about oil speculation and goldman sachs:<br>
<a href="http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405">http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405</a><br>
Here's my favorite part:</p>
<p>"By 2008, a barrel of oil was traded 27 times, on average, before it was actually delivered and consumed.</p>
<p>As is so often the case, there had been a Depression-era law in place designed specifically to prevent this sort of thing."<br></p>
<p>Goldman sachs newest shell-game is aluminum. This reminds me of the scene in Pretty Woman when he realizes that his company doesn't make or do anything, just sell off other companies as a corporate raider.<br>
<a href="http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=all&_r=0">http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?pagewanted=all&_r=0</a></p>
<p>Oh and by the way, Goldman Sachs and Morgan Stanley employees visit the Bitcoin exchanges about 30 times per day:<br>
<a href="http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401">http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401</a> </p>
<p>There's great movie about the mortgage market crash of 2008 called Margin Call. Really interesting movie from someone who is not a wall street/stock watcher type of person.</p>
<p>At this point I think I'm just rambling on.</p>
<p>Regards,<br>
Justin</p>