Topic: [Ver 2.0] R14x: Intl. Robocoin GB ATM Launch in EU, N America, Feb '14. PMs only - page 3. (Read 31338 times)

Im interested in, actually would be interested in buy share of all possible ATMs, but however im not in for fast roi or 300% guaranteed return. I would like to be in for long term steady income and now with these new terms it seems impossible as payments will stop after x time.

If US laws makes it impossible to offer contracts / shares which continue, you can sure set up bahama / panama etc. IBC or equivalent which is owned buy your new llc and still pay all taxes etc., but offer also permanent shares as most of people might be looking for. Maybe makes things a bit more complicated, good lawyer can help to do this easily and also make sure that all applicable laws will be honored.

Just my two satoshis. Please consider.

Yeah I know but the ROI of 300% is not "guaranteed" this way, it's still possible to lose BTC on this investment if Bitcoin goes way up.

Dont think its that simple as payments are made fortnightly by bitcoin so will fluctuate with bitcoin value.

Awesome!! One or two of these guys would help get ROI pretty quick http://www.youtube.com/watch?v=G8-QkQpIj-8

Do I understand this correctly?

If I put in 6 BTC (approx. $1200) now. And the price of Bitcoin rises to $1000 within 2 years, that means you may only pay back 3.6 BTC (which would then be $3600, aka 300% ROI in USD)? This way I would lose 2.4 BTC..

This would mean that if Bitcoin itself rises more than 300% within 2 years, I might lose BTC due to this investment.

Sorry, but you should NOT promise the ROI in USD...

(and how come you are saying this now after having already received investment for the first ATM?)

Can you go down the path of say Asicminer and others where you're not "really" selling shares in the ATM, but rather simulated shares that you deal with on the back end? Eg., you're the sole owner and you distribute the funds to the "shareholders?" That would seem like the best course of action.

Sounds fair,

Complications may arise a little further down the line as laws will vary from country to country,  Some may allow ownership others may not so if ATM's are pooled as things develop further down the line how would that work?

There may be changes...as legal advice becomes more clear and laws/policies come to fruition. We will be giving a no restock fee refund option if the terms have to change yet again. There may be minor tweaks to the wording but the details of this compensation just listed is to be considered as binding and in place as the structure and language we will be using for the foreseeable future. As in: if you buy in now, you should expect a 300% ROI within 2 years or less.

We're more than willing to raise awareness so that local governing bodies can stimulate economic growth by adopting Bitcoin. We would have preferred to have given you outright partial ownership, but to do this at this point could get us in big trouble and stop us in our tracks.

My promise to you: If it becomes legally feasible for this US based Corporation to give Group Buyers outright partial ownership in the near future then we will go down that path immediately (and any funds already spent backing this launch would be applied to this, if possible).

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Also, its Germany, then Amsterdam. I'll likely fly over to the EU for this. We'll spend a few days in Germany, then launch in Amsterdam.

Im looking into Oman right now, have friends who are getting the information for me.

Im interested in a few shares, will decide on cities and make a order

Wanted to throw a middle eastern country in the ring...maybe Dubai or Abu Dhabi? Plenty of oil money floating around and very safe in terms of security/insurance costs etc

Hey madpoet,

for purposes of pay back calculations, this is calculated in USD (which hugely simplifies things). However, during bi-weekly payouts, your payouts will be paid to you as BTC (calculated at USD values to pay you back over time at 300%) in order to compensate you for helping us with our International Launch. The calculation for the bi-weekly payouts are calculated at the current exchange rate of Bitstamp.

Is there any chance that this will change at a later date once more legal decisions get worked out? Also, will the German ATM will be installed before the Amsterdam one, or is the German ATM included in the April-June window?

Well, it seems like they have done ok so far raising funds

In terms of ROI how are you calculating?  Monetary value in terms of USD, or 300% in terms of BTC invested?  Because a large swing in the BTC price either way could make that a short or long term proposition.

February delivery for Amsterdam.

For Europe: Everything else does not have a solid timeframe yet except for early to mid 2014 (for 2nd EU GB ATMs: April-June, most likely )

I still don't see a non hype business plan.

If you want to raise funds please put something together for those of us that are not teenagers.

As many of us no doubt want to re-invest some (or all) of our payouts, how long do you think you will be rolling out new machines for and at what pace?

Also, when is ATM for the 2nd group buy (Holland, I think it was) going to be deployed?

Legal hot water. We understood that the new terms may upset some people. As miners just like you, it would actually have been our preference to give you straight ownership for the life of this, but our hands are tied at the moment.

However, this is a guaranteed triple payout on ROI in two years or less.

[Disclaimer: Not your lawyer, financial advisor, or mum.] There is *nothing* going on in ASIC mining anywhere that is giving out these guaranteed ROI estimates. Please check FCTaiChi's chart and see how well this compares. This may be a semi- apples to oranges comparison, but the comparison is valid, as the same funds in consideration for a miner may also consider backing a GB ATM.

Also: this is both a self-serving and a noble venture, as it increases widespread adoption of BTC, which will only benefit us all in the long run. We are going to be saving so many families and individuals a lot of money in remittance and CC fees, all over the world.

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Also, people who do back this launch will be given special considerations that are exclusive, just for our BTC ATM backers. I can't go into detail about this yet, but if you ask any of our veteran co-op members, we always go above and beyond to help and service our customers.

Thank you! We're a community and one of our strengths is the community itself, so community support / input is always appreciated here.

This early in the game, it's not an exaggeration to say: "the world is our oyster."

I've been told by the CEO of Robocoin, that at this point: we can place our pieces as we see fit.



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These are the variables I'm seeing which affect our decisions with regards to launch markets.


First criteria: a Bitcoin friendly govt. and business environment. Preferably, there is an official friendly policy in place regarding cryptocurrencies.

Second criteria: A large, technically literate population that is favorable to the adoption of cryptocurrencies.

Third criteria: I'm favoring a nation's capital, whenever possible, as these tend to be the hubs of Intl. flights, in which case, these ATMs are going to revolutionize money remittance and business/personal travel fund transportation (the container of the cryptocurrency funds is either in your head or on a slip of paper).

Fourth criteria: our own business contacts in these various countries. We need reliable operators, contractors, and hosts anywhere we launch.


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You and any others are free to start up a thread or continue the thread here, WRT to BTC ATM placement. I've used Survey Expression before, but my time seems to be at a premium lately, and I def. don't have time to set this up, if you'd like to be a community lead for this.

- 300% ROI is Guaranteed within 2 years, after which the ownership of the machine reverts back to us.


This is not going to sit well with many. Can you please explain why you are doing this?

Is there a way you could make a survey via SurveyMonkey or Qualtrics for people to vote on where they would want ATM's installed? It would be a way to cut down on the clutter here in the thread. Heck, give me the names of the cities you're thinking about and I'll make it. Also, glad to see that we're both like minded about replacing Shanghai with Hong Kong, and adding Singapore to the list.