I see no business case for these machines, other as a nice thing to have in your apartment between the hammond organ and the slot machine.
How much would it cost to empty the fiat from those machines? How are they going to be protected?
Topic: The bitcoin millionairs should invest in Lamassu's ATM (Read 1138 times)
xxjs I'm not a BITCOIN MILLIONAIR and I don't have bitcoins 
so I loose nothing, if bitcoin doesn't succeed.
hmmmmm maybe a great currency that would out performance all fiat currency, but it's just that. other will come
with something to stop the hoarding
The lamassu machine = A vending machine indeed.
so I loose nothing, if bitcoin doesn't succeed. hmmmmm maybe a great currency that would out performance all fiat currency, but it's just that. other will come
with something to stop the hoarding
The lamassu machine = A vending machine indeed.
Why not? It's right on their website:
That's got to be the understatement of the year.
I want to see bitcoin ATMs as much as the next person, but the legal situation is just as much of a mess as it is for exchanges -- with the added drawback of creating a physical location with cash in it for a sheriff to show up and impound just for kicks.
PS, if you can't get cash out of it, it probably isn't an ATM… at most a vending machine.
Quote
We would advise to consult with an attorney prior to operating these machines.
That's got to be the understatement of the year.
I want to see bitcoin ATMs as much as the next person, but the legal situation is just as much of a mess as it is for exchanges -- with the added drawback of creating a physical location with cash in it for a sheriff to show up and impound just for kicks.
PS, if you can't get cash out of it, it probably isn't an ATM… at most a vending machine.
Great, sacrifice your coins for the good of the world society.
Why Lamassu? They are cheaper
Some normal atm cost 3000 dollar so they should lower their price, just my opinion.
peoples GREED will not help bitcoin grow. Hoarding will even have a worst effect.
If your currency doesn't move, it is just like gold (no ordinaire person will use it to pay, and it just sits there).
If Bitcoin businesses can't count on banks (tradehill), we should have more physical systems
serving as a gateway to the bitcoin system. Say what you want about ripple, but they are working really hard, to get it done.
If Lamassu ask just $1000 a piece (A raspberry pi costs $35, getting something made in China is DIRT CHEAP (we love you China))
with 1million you could already have 1000 of these ATM's.
With just 10 bitcoin millionairs paying a million each, you can have 10000 ATM's.
The greedy bitcoin millionair would pay to have the ATM's made and merchants accepting bitcoins, would get an ATM, which they payback
on a monthly basis.
Call me crazy, but if your playing checkers, while your opponent is playing chess (20 steps ahead of you) then your sure to get the shit
FUCKED out of you.
Some normal atm cost 3000 dollar so they should lower their price, just my opinion.
peoples GREED will not help bitcoin grow. Hoarding will even have a worst effect.
If your currency doesn't move, it is just like gold (no ordinaire person will use it to pay, and it just sits there).
If Bitcoin businesses can't count on banks (tradehill), we should have more physical systems
serving as a gateway to the bitcoin system. Say what you want about ripple, but they are working really hard, to get it done.
If Lamassu ask just $1000 a piece (A raspberry pi costs $35, getting something made in China is DIRT CHEAP (we love you China))
with 1million you could already have 1000 of these ATM's.
With just 10 bitcoin millionairs paying a million each, you can have 10000 ATM's.
The greedy bitcoin millionair would pay to have the ATM's made and merchants accepting bitcoins, would get an ATM, which they payback
on a monthly basis.
Call me crazy, but if your playing checkers, while your opponent is playing chess (20 steps ahead of you) then your sure to get the shit
FUCKED out of you.
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