The Coming Bitcoin Trading Machine Overlords
Professor Devavrat Shah and Kang Zhang of the Laboratory for Information and Decision Systems at MIT have developed an automated system for Bitcoin trading, which outperforms most human traders and is able to almost double the investment in less that two months. They presented their method and results at the 52nd Annual Allerton Conference on Communication, Control, and Computing at the University of Illinois. The paper is available from arXiv. The researchers used Bayesian regression - a family of mathematical techniques for making optimal predictions based on incomplete input information....
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There's a whole lot of firsts in the realm of bitcoin - and today, another. The first bitcoin vending machine is slated to hit the Temple Bar district in Dublin, Ireland in the next few days. The information comes from staff at Hippety's Café, who said: "[they're] just smoothing out a few issues and expect the ATM to go live in the next few days," in a statement to Independant.ie. The machine is manufactured by Lamassu and will be operated in the country by BitVendo, who's ultimate goal is to scatter machines throughout not only Ireland, but the United Kingdom, as well. For those curious,....
MIT’s Media Lab unveiled a vending machine that accepts bitcoin with a quirky twist — it was stocked solely with Soylent. Soylent and Bitcoin? A picture of the vending machine was tweeted out by MIT’s own Ethan Zuckerman last night. In it, you can see the machine was mostly empty aside from a few bottles of Soylent. The vending machine even comes equipped with a QR code for people to conveniently scan. The machine first came to public attention sometime last year, as a few people tweeted about the possibility of MIT Lab getting a bitcoin-compatible vending machine. Speculation made its way....
The folks over at Genesis Coin have announced the launch of their new line of cryptocurrency vending machines, dubbed the Satoshi1. The machine went live this week at the Thirsty Camel Cafe in downtown Nanaimo in British Columbia, Canada. Up until now, Genesis Coin has been delivering a number of Genesis1 ATMs which have made their way around the world and provide an all-in-one solution for individuals looking to both by and sell multiple types of cryptocurrency. The Satoshi1 machine is designed to be a less-expensive solution for operators, coming in at $5,800 (compared to $14,500 for the....
It would appear as if another continent is getting some bitcoin ATM machine goodness. This time around it's South America, or more specifically, Brazil. The machine - manufactured by Lamassu (and it should be noted that this device isn't really an ATM in the sense we think of it as, because it online accepts cash. Not the other way around, so it's more like a vending machine) - will be shown off at a tech event dubbed 'Campus Party' in São Paulo (which runs from Jan. 27-Feb. 2, where it will be temporarily in one of the many booths used to display technology of all kinds. Approximately....
Bitcoin Machine Turns One Year Old In New Hampshire, Symbolizing The Libertarian Free State Movement
A bitcoin vending machine in front of a store in Keene, N. H. turned a year old last week, drawing people from throughout the region, according to the Concord Monitor in Concord, N. H. The machine, which could be the only public bitcoin vending machine in New England, draws attention from its association with the libertarian Free State Movement. Ian Freeman, a member of the Free State Project who hosts a live talk show, says people drive up from Boston, Mass. and New York City since the machine is the only pubic bitcoin machine anywhere in New Hampshire, Massachusetts, Vermont, Maine or....