Topic: Bitcoin ATM - Jeff Berwick (Dollar Vigilante) official withdrawal - page 2. (Read 6788 times)
Just managed to skip livestream registration, the video is directly available here : http://vod7.livestream.com//events/00000000001fa8ae/4c39b98e-c935-4384-b807-1e880f63ab6c_225.mp4
I like how he used the word "withdrawal" when getting fired from an ATM project, lol.
apparently he's also figured out how to cash out using only the public key.. my friend told me there are aliens coming to this event disguised as humans
It's called "I figured out how to crack the world's cryptography, but I just use it to steal from a prototype ATM."
All I know is the ATM is not functional and my friend has already stolen over 20k from the machine.
Yes, the fact that 20k was stolen out of a prototype locked in some lab clearly spells the end of this ATM folly. The fact that you heard it from "friend" is conclusive proof. You seem like a legit and upstanding guy.
apparently he's also figured out how to cash out using only the public key.. my friend told me there are aliens coming to this event disguised as humans
All I know is the ATM is not functional and my friend has already stolen over 20k from the machine.
Yes, the fact that 20k was stolen out of a prototype locked in some lab clearly spells the end of this ATM folly. The fact that you heard it from "friend" is conclusive proof. You seem like a legit and upstanding guy.
I'm still waiting to see how the official launch goes.
So funny, when I saw "withdrawal" in the headline, I thought he had put money in and withdrew bitcoins from it, lol.
I must say that I am disappointed that Jeff did not look into the legalities of opening up an ATM within the US before going on the main stream media outlets and touting his plans to open BitcoinATM.
Now it makes him look stupid to the people who were watching his interview.
What is up with Bitcoin businesses and being half-assed?
BFL
Bitcoinica
MtGox
BitInstant
BitcoinATM
The Bitcoin Show
Bitcoin Magazine (early days)
Now it makes him look stupid to the people who were watching his interview.
What is up with Bitcoin businesses and being half-assed?
BFL
Bitcoinica
MtGox
BitInstant
BitcoinATM
The Bitcoin Show
Bitcoin Magazine (early days)
+ Coinlab
I must say that I am disappointed that Jeff did not look into the legalities of opening up an ATM within the US before going on the main stream media outlets and touting his plans to open BitcoinATM.
Now it makes him look stupid to the people who were watching his interview.
What is up with Bitcoin businesses and being half-assed?
BFL
Bitcoinica
MtGox
BitInstant
BitcoinATM
The Bitcoin Show
Bitcoin Magazine (early days)
Now it makes him look stupid to the people who were watching his interview.
What is up with Bitcoin businesses and being half-assed?
BFL
Bitcoinica
MtGox
BitInstant
BitcoinATM
The Bitcoin Show
Bitcoin Magazine (early days)
Flavius needs to lrn2publickeycryptography. It is mathematically impossible (with current computing systems) to generate the private key from the public key and therefore drain the wallet via the receiving address.
If the machine did that, it is not "flawed," it is "an advanced supercomputer far beyond the likes of which we have ever seen on Planet Earth and should be worshipped by everyone."
All I know is the ATM is not functional and my friend has already stolen over 20k from the machine. If the machine did that, it is not "flawed," it is "an advanced supercomputer far beyond the likes of which we have ever seen on Planet Earth and should be worshipped by everyone."
Go back and read my posts after posts on how this was speculation and had so many hurdles. Read where you called me (up 1600%) an idiot. This guy got rich by pushing the price up (hello Mr Manipulator 
) and is probably selling off huge or sold back over $200 like I did. Use your brain not your heart. Buy low, sell high. FFS.
All of you who lost money on this bullshit were robbed by this man. Get your pitchforks and sharpen them.
) and is probably selling off huge or sold back over $200 like I did. Use your brain not your heart. Buy low, sell high. FFS.All of you who lost money on this bullshit were robbed by this man. Get your pitchforks and sharpen them.
false witness much? i'll take facts over your conspiracy theory. i'd like to know just how many people invested just because of this "diabolical manipulator". Lulz
Flavius needs to lrn2publickeycryptography. It is mathematically impossible (with current computing systems) to generate the private key from the public key and therefore drain the wallet via the receiving address.
If the machine did that, it is not "flawed," it is "an advanced supercomputer far beyond the likes of which we have ever seen on Planet Earth and should be worshipped by everyone."
If the machine did that, it is not "flawed," it is "an advanced supercomputer far beyond the likes of which we have ever seen on Planet Earth and should be worshipped by everyone."
Well I don't quite see it like that.
Put money in machine, acquire bitcoins.
Put money in machine, acquire gums/toys/cards/whatever.
Somehow one is different? Is it the ability to sell back to the machine that's the problem for US laws?
Put money in machine, acquire bitcoins.
Put money in machine, acquire gums/toys/cards/whatever.
Somehow one is different? Is it the ability to sell back to the machine that's the problem for US laws?
IT is the fact that bitcoin is behind the ATM. Not gum or candy.
The powers that be dont want their monopoly on money to end.
This idea of an ATM basically succumbs their control over capital controls and money/value leaving the US borders.
A gum or candy machine can't be used for money laundering, or sending the proceeds of crime to your buddies in another country. If the Bitcoin ATM eats someone's cash without paying up there needs to be someone to chase with enough funds. That's where the bond comes in.
Not everything is a conspiracy. Many things are just plain common sense.
Go back and read my posts after posts on how this was speculation and had so many hurdles. Read where you called me (up 1600%) an idiot. This guy got rich by pushing the price up (hello Mr Manipulator ) and is probably selling off huge or sold back over $200 like I did. Use your brain not your heart. Buy low, sell high. FFS.
All of you who lost money on this bullshit were robbed by this man. Get your pitchforks and sharpen them.
) and is probably selling off huge or sold back over $200 like I did. Use your brain not your heart. Buy low, sell high. FFS.All of you who lost money on this bullshit were robbed by this man. Get your pitchforks and sharpen them.
Those are two completely different projects, run by completely different groups of people.
It appears you are correct, and the two are unrelated...although a lot of articles at the time made it appear that Jeff Berwick had purchased the Lamassu system, article such as this, I may even go so far as to say some of Jeff's statements were intentionally mislead (continually calling it the "first 'Bitcoin ATM'" despite a ton of news stories just the month before about the actual first bitcoin atm):
My understanding is that Berwick was promoting the first ATM which was at least started a few years ago. It never went anywhere because the originator didn't have the experience/knowledge needed. That original was sold to the current owners, who got Berwick on board. So it might be considered the first one, while the Lamassu machine (if you consider it an ATM) is really the second but will probably be the first to get into production. There's a lot of history and discussion of all this hidden away in many threads on this forum.
Lol, is that a claptrap in the first pic?
I lol so hard
I lol so hard
anyone know if there will be live coverage of this event?
Those are two completely different projects, run by completely different groups of people.
The first one is more like a vending machine, and at least in New Hampshire where they are located, it is regulated like one. I used the Lamassu prototype machine myself, and have talked to the guys on many occasions and they seem to have a decent plan. Their prototype is definitely not what they will be building for production use - they are really upping the quality and security.
The second one is a more traditional ATM, and IMHO was only really viable with someone like Jeff Berwick backing it, who has the skills and experience to run a "real" business and deal with big banks and regulators. I know Jeff despises the regulators, but would know how to work with them while holding his nose in order to make it work.
It appears you are correct, and the two are unrelated...although a lot of articles at the time made it appear that Jeff Berwick had purchased the Lamassu system, article such as this, I may even go so far as to say some of Jeff's statements were intentionally mislead (continually calling it the "first 'Bitcoin ATM'" despite a ton of news stories just the month before about the actual first bitcoin atm):
Quote
It was only at the end of February 2013, that two entrepreneurs announced and presented the first Bitcoin ATM [...]
Only half a month later (during March 2013) it was all over the news that Cyprus’ banking system was under turmoil and that Cypriots were about to face major cash constraints. That’s when Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced his intention to support Bitcoin ATM and launch the first machine in Cyprus
http://popupcity.net/2013/04/first-bitcoin-atm-to-be-launched-in-cyprus/Only half a month later (during March 2013) it was all over the news that Cyprus’ banking system was under turmoil and that Cypriots were about to face major cash constraints. That’s when Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced his intention to support Bitcoin ATM and launch the first machine in Cyprus
But it appears that Lamassu have since clarified that have nothing to do with Jeff Berwick:
Quote
Update: Zach Harvey, the founder of Lamassu Bitcoin Ventures, isn’t sure why Berwick referred to his product as the world’s first operational Bitcoin ATM.
http://monopolypost.com/2013/03/27/worlds-first-bitcoin-atm-to-premiere-in-cyprus/I hold out a lot more hope for the Lamassu project as at least they have a working, all be it not very practical, model (which they didn't release until it was actually functional. Berwick appears to have have nothing other than some photoshopped photos. I'm almost relieved to hear that Lamassu are still working on it and haven't sold out their ideas.
But again I could be proved terribly wrong if the unveil a full functional 2 way ATM today; as they have promised.
I think a bitcoin vending machine would take less heat from the governments of the world than an ATM which issues fiat currency for BTC.
The vending machines would be a good way for people (vending machine operators) to sell BTC at a markup and once people have their BTC they can trade it, make purchases, etc as normal.
The vending machines would be a good way for people (vending machine operators) to sell BTC at a markup and once people have their BTC they can trade it, make purchases, etc as normal.
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