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?
Topic: Bitcoin ATM - Jeff Berwick (Dollar Vigilante) official withdrawal - page 4. (Read 6788 times)
Sometimes you need to be the sneaky bastard that worms your way in rather than the steam rolling loud mouth breaking laws. It was way too idealistic of him to think bitcoinatm could just erase/bypass the old world money system and ignore laws, haha. If the main issue is the US and Europe then starting in other countries might be the way to go until they have the ability to pay for those insurance bonds.
It's bad news if the ATM project falters at all: this news will compound that unmercifully.
Otherwise - if things stay on the announced track - it's neutral. At The Moment (no pun intended
)
Otherwise - if things stay on the announced track - it's neutral. At The Moment (no pun intended
) 
In about twelve hours we'll know more.
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And then the 23 year old entrepreneur, Evan Rose, who was half-owner of the BitcoinATM notified me a few days ago that my participation was no longer necessary.
So he was fired. For being a tool:
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Specifically, in the US and Europe, there are an incredible amount of banking, money and even telecommunications rules and regulations that would have to be adhered to if the company had any hope of survival. Not least of which was a $25 million "insurance bond" necessary as being deemed a "money transmitter" in the US.
Those who know me know that I despise all government regulation and taxation and see it as being economy destroying.
Those who know me know that I despise all government regulation and taxation and see it as being economy destroying.
The ATM exists, and will be demonstrated today. It's obviously far from conquering the world, and will have zero impact on price.
Bad news...
Disagree, good news. This shows that the actual entrepreneurs at bitcoinatm have good advisors telling them to comply with all regulation. Berwick (while I agree with him) wanted to make a political statement, and that is not what you need as a struggling startup trying to get past regulators.
Was much harder to let him go than to keep him on.. seems they probably made the right call.
He was the marketing guy for a while, in the end... whatever.
Well that explains why they have been unresponsive to my information requests.
I will also say: nice timing.
Suspiciously nice...
Suspiciously nice...
Bad news...
That's a huge surprise indeed.
http://dollarvigilante.com/blog/2013/5/2/my-official-withdrawal-from-the-bitcoinatm-project.html
I'm posting this here because many of you believed the ATM might have an impact on the price.
http://dollarvigilante.com/blog/2013/5/2/my-official-withdrawal-from-the-bitcoinatm-project.html
I'm posting this here because many of you believed the ATM might have an impact on the price.
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