26 May '13, 11am
2013 - 05 - 17 IEEE Spectrum: Bitcoin ATM Robocoin Makes Money Laundering Easy #bitcoin
Bizarre piece. Once upon a time all IEEE stuff, including Spectrum, was deadpan academic. This reads like a National Enquirer offering. The highlight(?) is the ATM developer (Russell) doing a hit-job on his own product! "Although, they've chosen a heroic name for the machine, Robocoin will likely not be fighting on the side of law enforcement. According to Russell, it's equipped to receive and dispense as much as 60 000 dollars in a single transaction. "It's basically like a money laundering person's dream," says Russell. "That's why we're not operating it."" I'm baffled. Who is doing what to whom and why?