HSI and Hillard Heintze Public Report on Cryptocurrencies

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Appendix I: Cryptocurrency Primer

Figure 9. Lamassu Bitcoin ATM84

Figure 10. Robocoin Kiosk85

In-Person Exchanges

Security Concern According to law enforcement sources, individuals have been lured to in-person exchanges and have been robbed of their smart phones along with all their cryptocurrency.

People meet in person to exchange traditional currencies for virtual currencies and vice versa. Typically this involves one person handing a second person physical currency, then the second person transmitting cryptocurrency to the first person in the same network. 86

Photo credit Lamassu Bitcoin Ventures https://lamassu.is/. Photo credit Robocoin.com 86 BitCoin42, accessed December 29, 2014, http://bitcoin42.com/42/. 84 85

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