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Topic: BitcoinATM to be unveiled on Thursday in San Diego (Read 3018 times)

full member
Activity: 126
Merit: 100
bump  Grin

Anybody know if this ATM is still in San Diego?  And where?
sr. member
Activity: 434
Merit: 250
Well then, this is more than related! (To the billion thing)
https://www.youtube.com/watch?v=C-52AI_ojyQ

(I also added step 3, thanks for the cue!)
legendary
Activity: 1106
Merit: 1001
I'm pretty sure it's a huge conspiracy from the USA.

"Look how we'll confuse everyone...
first step: Use bastard units with ugly relations to one another.
Second step:  Instead of writing the date in ascending or descending importance, we'll just insert the days in the middle.

Fuck you world, sincerely, USA."



hahahahah couldnt fukn agree enough

Don't forget: "we'll call a thousand million a billion, and a billion a trillion, so given enough time we'll be off several levels of magnitude from the rest of the world"
newbie
Activity: 49
Merit: 0
I'm pretty sure it's a huge conspiracy from the USA.

"Look how we'll confuse everyone...
first step: Use bastard units with ugly relations to one another.
Second step:  Instead of writing the date in ascending or descending importance, we'll just insert the days in the middle.

Fuck you world, sincerely, USA."



hahahahah couldnt fukn agree enough
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
Are there 2 of these ATM projects?

https://bitcoinatm.com/
http://lamassubtc.com/  calling theirs Bitcoin Machine


The second project is more realistic in the short term. It's unlikely it will require Bank Secrecy Act compliance. They could go in any pawnshop, convenience store, or nightly entertainment establishment. It allows Bitcoin to be used anywhere you need to store money securely or spend discretely. Travelers or patrons would not have to worry about carrying cash, while maintaining their privacy.

The pawnshop is the one that has a lot of potential. Can't pay your utility bill? Pawn something and send Bitcoin directly to your utility account.
sr. member
Activity: 364
Merit: 250
sr. member
Activity: 364
Merit: 250
Could someone upload the video to youtube of the demo the guy gave. my internet is pretty slow and don't feel like downloading a 151mb file. thanks!

I haven't read up yet on how the ATM works so I can't comment on that really, but if it ends up working well just have a few of these ATM's scattered around a few malls or stores throughout America would be great advertisement for Bitcoin. Of course if it works well here, people in other countries will follow suit pretty quickly.
sr. member
Activity: 375
Merit: 250
BitcoinATM is definitely an awesome sign of things to come. Bitcoin is getting easier to spend and easier to buy.
Mmmm, I love me some liquidity.

Plus, there were 3 local news stations present at the press conference. CBS, NBC, and Fox.
sr. member
Activity: 434
Merit: 250
Yes, they are 2 different projects.
hero member
Activity: 955
Merit: 1002
Are there 2 of these ATM projects?

https://bitcoinatm.com/
http://lamassubtc.com/  calling theirs Bitcoin Machine

donator
Activity: 1218
Merit: 1015
That was posted 2 months ago.
Posted: 05/02/2013
Last Updated: 3 hours ago (when the comments were posted)
Um.... I'm pretty sure it's May, and May's the fifth month of the year. Did I miss something?

Oops sorry, I'm brit , should have seen that, my mistake. Embarrassed
Sorry to sound like a dick. Formatting difference totally slipped my mind. I do that when I see "commas used as decimals points," too, heh.
sr. member
Activity: 378
Merit: 250
That was posted 2 months ago.
Posted: 05/02/2013
Last Updated: 3 hours ago (when the comments were posted)
Um.... I'm pretty sure it's May, and May's the fifth month of the year. Did I miss something?

Oops sorry, I'm brit , should have seen that, my mistake. Embarrassed
legendary
Activity: 4424
Merit: 4794
Sounds like a great ATM.   You put your information in and then stand there for two hours until it gets six confirmations and gives you your money.

Yeah... you didn't watch the video.

i have already gave back a bit of feedback to bitcoin ATM as a possible extra layer/service to make the system even more stream lined. ill update this post if i get a reply.

EG
they only require 1 confirm for cashing out - but imagine a busy shopping day where there is a queue. you use the machine once to put your coins in. then linger around the machine/form a second queue for when the confirmation occurs to the redeem your cash.

my idea - to have an app/website portal to pre-deposit the coins while in the carpark/ home/work. and then receive the redemption code before you even reach the ATM. so all you have to do is use it once, to type in the redemption code and get your fiat.
sr. member
Activity: 434
Merit: 250
Sounds like a great ATM.   You put your information in and then stand there for two hours until it gets six confirmations and gives you your money.

Yeah... you didn't watch the video.
hero member
Activity: 518
Merit: 500
Sounds like a great ATM.   You put your information in and then stand there for two hours until it gets six confirmations and gives you your money.
legendary
Activity: 4760
Merit: 1283
Interesting Jeff Berwick post on his site.

My Official Withdrawal from the BitcoinATM Project


ya...um...you guys go ahead and feed money into that thing first.  I'll stand by and enjoy the show.

sr. member
Activity: 434
Merit: 250
Ok here is the ~ 152 MB flv video:
http://www.wikitransfer.ch/2Yv/BitcoinAtm_demo_by_Justin_Oh.flv

Some screenshots to see the quality:





It downloads in free mode at about ~ 500 kB/s (does anyone offer faster free speed?)

If I get my hands on the larger video (~ 2GB) I will try to re-encode it to make it smaller - if it does make any sense and upload it as well.

P.S. I assume this is promo video so sharing it won't make anyone angry.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
So did this actually ever happen?

Looks like it will be next Thursday.
hero member
Activity: 845
Merit: 609
This is awesome.
sr. member
Activity: 252
Merit: 250
So did this actually ever happen?
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