$1000.00 ATMS comming | Bitcointalksearch.org

empoweoqwj

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Quote from: billyjoeallen on January 21, 2014, 12:48:37 AM

Quote from: TPN on January 16, 2014, 12:22:32 AM

We need vending machines up here in Denmark, Sweden and Norway

if they used a lot of electricity, they could double for heaters!

Sorry, no, these are very very simply machines, not at all like bitcoin mining machines which could indeed be used for heaters!!

billyjoeallen

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Quote from: TPN on January 16, 2014, 12:22:32 AM

We need vending machines up here in Denmark, Sweden and Norway

if they used a lot of electricity, they could double for heaters!

empoweoqwj

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Quote from: msc on January 16, 2014, 12:26:52 AM

Quote from: empoweoqwj on January 15, 2014, 10:12:46 PM

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

I'd like to see someone put a Bitcoin vending machine next to a Pepsi vending machine, and ask regulators to explain the difference between the two. If I offer Amazon gift cards in exchange for Pepsi, does that make Pepsi a currency too? How many people need to trade Pepsi before it becomes a currency?

Because some countries view bitcoin legally currency. Pepsi is not a currency.

msc

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Quote from: empoweoqwj on January 15, 2014, 10:12:46 PM

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

I'd like to see someone put a Bitcoin vending machine next to a Pepsi vending machine, and ask regulators to explain the difference between the two. If I offer Amazon gift cards in exchange for Pepsi, does that make Pepsi a currency too? How many people need to trade Pepsi before it becomes a currency?

TPN

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How did it get so late, so soon?

We need vending machines up here in Denmark, Sweden and Norway

MGGB

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Toronto got it's first BTC ATM, I am sure I read somewhere there plans to make it more like an automated exchange, where you can sell your BTC, and withdrawal Canadian currency!

http://globalnews.ca/news/1082367/bitcoin-atm-sign-of-currencys-growing-popularity/

billyjoeallen

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Quote from: empoweoqwj on January 15, 2014, 10:36:36 PM

Quote from: SirBitsalot on January 15, 2014, 10:28:16 PM

Quote from: empoweoqwj on January 15, 2014, 10:12:46 PM

Quote from: merv77 on January 15, 2014, 12:09:04 PM

this $1000.00 machine and Lamassu machine (https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries.
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each.

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

When speaking in general terms though, I think "vending machine" is perfectly acceptable

If bitcoin is defined legally as a currency in a country, its not just a "vending machine" is it. Its not giving you soft drinks Wink

how about "bitcoin dispenser"?

empoweoqwj

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Quote from: SirBitsalot on January 15, 2014, 10:28:16 PM

Quote from: empoweoqwj on January 15, 2014, 10:12:46 PM

Quote from: merv77 on January 15, 2014, 12:09:04 PM

this $1000.00 machine and Lamassu machine (https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries.
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each.

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

When speaking in general terms though, I think "vending machine" is perfectly acceptable

If bitcoin is defined legally as a currency in a country, its not just a "vending machine" is it. Its not giving you soft drinks Wink

SirBitsalot

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Quote from: empoweoqwj on January 15, 2014, 10:12:46 PM

Quote from: merv77 on January 15, 2014, 12:09:04 PM

this $1000.00 machine and Lamassu machine (https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries.
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each.

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

When speaking in general terms though, I think "vending machine" is perfectly acceptable

empoweoqwj

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Activity: 518

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Quote from: merv77 on January 15, 2014, 12:09:04 PM

this $1000.00 machine and Lamassu machine (https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries.
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each.

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

Ruzka

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Not really an ATM but very cool nonetheless!

billyjoeallen

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Quote from: jubalix on January 15, 2014, 07:23:06 PM

Quote from: empoweoqwj on January 14, 2014, 09:31:41 PM

Quote from: billyjoeallen on January 14, 2014, 09:28:19 PM

Quote from: empoweoqwj on January 14, 2014, 09:08:02 PM

Quote from: billyjoeallen on January 14, 2014, 07:10:42 PM

http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/

An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices! Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor. Go Stumptown!

This is a great project, way cheaper than current bitcoin ATM machines and also fiat ATM machines

The $64,000,000 question is of course which countries will allow these machines.

The 64M question is which countries will have the ability to enforce a ban on them. This is an open source project. It's like 3D printer guns or maybe even more like moonshine stills.

Open source has nothing to do with the legal status of bitcoin ATM machines. Government regulation does.

I think he is referring to can you enforce the law, when you can make these things open source, and likely for less and less cost.

correct.

jubalix

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Quote from: empoweoqwj on January 14, 2014, 09:31:41 PM

Quote from: billyjoeallen on January 14, 2014, 09:28:19 PM

Quote from: empoweoqwj on January 14, 2014, 09:08:02 PM

Quote from: billyjoeallen on January 14, 2014, 07:10:42 PM

http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/

An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices! Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor. Go Stumptown!

This is a great project, way cheaper than current bitcoin ATM machines and also fiat ATM machines

The $64,000,000 question is of course which countries will allow these machines.

The 64M question is which countries will have the ability to enforce a ban on them. This is an open source project. It's like 3D printer guns or maybe even more like moonshine stills.

Open source has nothing to do with the legal status of bitcoin ATM machines. Government regulation does.

I think he is referring to can you enforce the law, when you can make these things open source, and likely for less and less cost.

SirBitsalot

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Quote from: AmericanBit on January 14, 2014, 07:19:27 PM

Quote from: hyphymikey on January 14, 2014, 07:15:20 PM

Quote from: billyjoeallen on January 14, 2014, 07:10:42 PM

http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/

An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices! Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor. Go Stumptown!

Thats a great deal. I wonder what other expenses come along with having to operate this, as in licenses and such.

A shit ton

And that's just now, I imagine there will be a lot more licenses and regulations being created in the future when it comes to Bitcoin machines... seeing as how they're not centralized.

AmericanBit

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Quote from: remotemass on January 15, 2014, 03:14:59 PM

Quote from: AmericanBit on January 14, 2014, 09:29:23 PM

Yeah there is a video on youtube showing you the parts to order and everything

What is the URL?

I dont know, it was on a bitcoin reddit...you can search the forum

remotemass

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Quote from: AmericanBit on January 14, 2014, 09:29:23 PM

Yeah there is a video on youtube showing you the parts to order and everything

What is the URL?

AmericanBit

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Quote from: merv77 on January 15, 2014, 12:09:04 PM

this $1000.00 machine and Lamassu machine (https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries.
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each.

Yeah, its more in USA where licensing is needed for anything that has to do with exchanging currencies.

merv77

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1.21 GIGA WATTS

this $1000.00 machine and Lamassu machine (https://lamassu.is/) are not ATM's, they are vending machines. Therefore Licencing shouldn't be required in most countries.
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ but they're worth $20,000.00 each.

FandangledGizmo

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Quote from: kwoody on January 15, 2014, 12:27:22 AM

I want a Bitcoin ATM that dispenses fiat. Trying to pull fiat out of Gox is a nightmare.

That's easy, stock one of these Bitcoin dispensers with some of your own Bitcoin and keep the fiat.

AmericanBit

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Quote from: matt608 on January 15, 2014, 07:46:08 AM

Legal weed shops in the USA who can't get back accounts should bu these to go in their stores, then their customers can buy BTC and they could then accept BTC as payment and save them carrying all that cash around.

That would also be illegal

Topic: $1000.00 ATMS comming (Read 3844 times)