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What’s a BTC machine? What happened to the money the poor souls dumped into it?
by skinnymuch 8y ago
What’s a BTC machine? What happened to the money the poor souls dumped into it?
- classicsnoot 8y agoYour guess is as good as mine. It looks like a MTO kiosk. It feels like an ATM. According to [redacted] their money went straight ether.
- skinnymuch 8y agoHaha I See. “Straight ether” meaning it went straight to them just losing it? Interesting. Also feel bad for the people, of course.
- nybble41 8y agoIt's a vending machine for exchanging BTC and local currency. Depending on the type it may be linked to an account at an exchange or else rely on scanning QR codes for the receiving address (either the users or the machine's). Some only sell BTC, while others support both buying and selling. I imagine that this was one of the models that was linked to an exchange account, since the QR-based versions make it fairly obvious where the funds are going and won't work unless you first set up a receiving account and present the QR code for the machine to scan.
- skinnymuch 8y agoI see.So the people didn’t just lose their money then, or get scammed out of a portion of it.