Quote from: cbeast on September 13, 2014, 04:42:03 AM

Quote from: zorke on September 13, 2014, 04:26:33 AM

Quote from: counter on September 12, 2014, 06:24:34 AM

Quote from: cbeast on September 12, 2014, 05:40:22 AM

These would be good for places where people depend on remittance money from overseas foreign workers (OFWs). I would like to see a Bitcoin ATM that prints out and scans vouchers and a corresponding website that can also distribute vouchers as BIP38 or multisig addresses. I would like to see a low cost Bitcoin ATM that uses a multisig voucher that allows someone to send money and it clears verification before receiver goes to receive local currency. That way there is no waiting around at the ATM.

Bitcoin ATMs are in their infancy. Vouchers are a good way to manage keys without revealing financial information. They can be used in combination with email, sms, phone calls, or any other form of two factor authorization. Multisig and nLockTime can give them not only additional security for the receiver, but also security for the sender in the case where the money needs to be returned.

Let's see more creativity with Bitcoin ATM development using the cheaper "pay only" type money counters so we can get them distributed in developing nations.

Excellent Idea +1. This could be exactly the kind of thing that gets business owners to take a real interest in Bitcoin. I think this could really help stimulate the local economies of where these Bitcoins ATM are used. I think there should be a goal to have at least one of these in every major city. I know it's just an idea but it really get me excited to imagine the impact something so simple could have.

I disagree. No matter what the security features of the paper wallet, the fact will remain that the ATM owner will always know the private key associated with the paper wallet and you would need to trust the ATM owner enough to not steal your bitcoin later on. This is essentially the equivalent to generating a private key on the "server" side on a website, instead of the client/browser side

Right. But that's why fiat currencies are regulated.

I don't understand your connection between fiat being regulated and it being a bad idea to trust an ATM operator with generating your private key