[Ver 2.0] R14x: Intl. Robocoin GB ATM Launch in EU, N America, Feb '14. PMs only - page 7.

thomas_s

hero member

Activity: 574

Merit: 500

Quote from: floatyfish on November 03, 2013, 08:21:51 PM

Quote from: thomas_s on November 03, 2013, 08:16:55 PM

Quote from: floatyfish on November 03, 2013, 08:13:25 PM

Quote from: thomas_s on November 03, 2013, 08:09:43 PM

Quote from: floatyfish on November 03, 2013, 08:01:29 PM

Quote from: thomas_s on November 03, 2013, 07:52:08 PM

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

OK, that's good. Now, let's assume that this sells out tonight. Would the ATM be ordered immediately or would there be a bit of a wait until a suitable city could be found? Also, I'm sorry if this comes off as pestering, I just want to make sure that everything's accounted for, since this is a whole different ballgame from the mining that we've been doing.

ATM #1 will more than likely sell out tonight if it goes the rate it has been within 24 hours

There are multiple planned and they will just automatically flow into the next, we don't plan on ordering immediately and are talking with Robocoin almost every day from about Thursday.

floatyfish

sr. member

Activity: 373

Merit: 250

Quote from: thomas_s on November 03, 2013, 08:16:55 PM

Quote from: floatyfish on November 03, 2013, 08:13:25 PM

Quote from: thomas_s on November 03, 2013, 08:09:43 PM

Quote from: floatyfish on November 03, 2013, 08:01:29 PM

Quote from: thomas_s on November 03, 2013, 07:52:08 PM

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

OK, that's good. Now, let's assume that this sells out tonight. Would the ATM be ordered immediately or would there be a bit of a wait until a suitable city could be found? Also, I'm sorry if this comes off as pestering, I just want to make sure that everything's accounted for, since this is a whole different ballgame from the mining that we've been doing.

thomas_s

hero member

Activity: 574

Merit: 500

Quote from: floatyfish on November 03, 2013, 08:13:25 PM

Quote from: thomas_s on November 03, 2013, 08:09:43 PM

Quote from: floatyfish on November 03, 2013, 08:01:29 PM

Quote from: thomas_s on November 03, 2013, 07:52:08 PM

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

floatyfish

sr. member

Activity: 373

Merit: 250

Quote from: thomas_s on November 03, 2013, 08:09:43 PM

Quote from: floatyfish on November 03, 2013, 08:01:29 PM

Quote from: thomas_s on November 03, 2013, 07:52:08 PM

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

thomas_s

hero member

Activity: 574

Merit: 500

Quote from: floatyfish on November 03, 2013, 08:01:29 PM

Quote from: thomas_s on November 03, 2013, 07:52:08 PM

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

floatyfish

sr. member

Activity: 373

Merit: 250

Quote from: thomas_s on November 03, 2013, 07:52:08 PM

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

stex2009

legendary

Activity: 1134

Merit: 1000

ATM might be a big problem for you guys. Too much of hassle for a small team to deal with, in my opinion! It's an interesting concept though!

BTC-Market

member

Activity: 229

Merit: 10

Bought 2 shares, will pick some more up later!

tx 9ea8f1b4cfd78ed442a372f1f276c2d8722f6c84cc16ad3d92e7aca9e2bef8b6

thomas_s

hero member

Activity: 574

Merit: 500

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.

bcabes

member

Activity: 65

Merit: 10

Just ordered 7 shares. I put in 0.1 bitcoin with this transaction to hold my order. https://blockchain.info/tx/52ab570ac6afd7008db3ad4a95297138ae02e82220206c249443725d8c1a4221

I will pay the remaining bitcoin tomorrow.

LVBTC

newbie

Activity: 15

Merit: 0

If these ATMs are bound for the US, then this poster has large bank hurdles and head aches they are approaching. The post even mentions bank off-the-cusp, but this is the largest issue by far. If anyone is interested in a larger investment into our group buying machines in Las Vegas, please message me ($10K minimum). We are approaching it more as a business from an investment perspective and brand in Las Vegas. We will be additionally going to Macau and Singapore next.

I wish you guys best of luck, but you should really consider figuring out the bank thing first.

Easy2Mine

hero member

Activity: 854

Merit: 500

einc.io

Order: #430
Paid

madpoet

sr. member

Activity: 448

Merit: 250

BTC is not illegal in the U.S.

In for 2, I will send a small BTC payment to hold it open while I get the rest together

How long do I have once reserved?

*edit* Bought 4 Wink

wontons

newbie

Activity: 18

Merit: 0

This is an interesting idea. I'm in for 2 shares or 1%. Paid via the dz site, order #435
Transaction ID: 17d434f8f36e6f72ee90419b021d5d061de8d7bcee720115c448e7787e714dfe

NineLives

sr. member

Activity: 252

Merit: 250

Quote from: philipma1957 on November 03, 2013, 06:02:01 PM

Quote from: Terpie on November 03, 2013, 05:31:11 PM

This is an illegal offering of securities AND you want to operate in the US! Ha! Do you know what the remedy is for every single purchaser of these securities is? Rescission, not to mention the fines and penalties. So you're essentially giving your shareholders zero-cost options. Not smart.

Guys I have some background in taxes and this post may be correct. a btc may be a stock and or a security . selling a btc from an atm machine on usa soil may not be legal. We may need a brokers license to own it.

I love the idea of doing this , but I am a bit leery of the fed laws that involve selling of stocks and or securities.

I don't know if we can do this legally. I am not so sure I want it to be under the DZ coop umbrella..

I am pretty sure the other buys are fine as it is pooling cash to buy mining gear.

I do not want the feds going after the gb 1 -gb 13 mining gear as a punishment for the atm. I used to do collections for the IRS back in the 80's you would be surprised what can be done under fed laws.

This is a good point. If BTC is illegal in the US, how would you be successful with an ATM? Please explain.

philipma1957

legendary

Activity: 4326

Merit: 8950

'The right to privacy matters'

Quote from: Terpie on November 03, 2013, 05:31:11 PM

This is an illegal offering of securities AND you want to operate in the US! Ha! Do you know what the remedy is for every single purchaser of these securities is? Rescission, not to mention the fines and penalties. So you're essentially giving your shareholders zero-cost options. Not smart.

Guys I have some background in taxes and this post may be correct. a btc may be a stock and or a security . selling a btc from an atm machine on usa soil may not be legal. We may need a brokers license to own it.

I love the idea of doing this , but I am a bit leery of the fed laws that involve selling of stocks and or securities.

I don't know if we can do this legally. I am not so sure I want it to be under the DZ coop umbrella..

I am pretty sure the other buys are fine as it is pooling cash to buy mining gear.

I do not want the feds going after the gb 1 -gb 13 mining gear as a punishment for the atm. I used to do collections for the IRS back in the 80's you would be surprised what can be done under fed laws.

MilkyWayMasta

full member

Activity: 221

Merit: 100

How likely is it that this will be the first RoboCoin ATM in the United States? It would be so awesome to say I own (bought 2 shares) 1% of the profits of the first Bitcoin ATM.. Grin

Hili

member

Activity: 69

Merit: 10

I'm in for 12 shares. Go team EU!
Tx ID: 3fa142ab0c31c491d03a1188f505a3728af23beb73180bb36bcf9445431523c7
Payout address: 16Pmqgw4iTCtpk2n7SeAXv7LuMy6TEQ3u6

I'm building a moderately diverse BTC portfolio here. Some bitcoins, miners of my own, shares in a miner-coop and shares in a BTC-ATM Cheesy

.

ninjaboon

legendary

Activity: 2128

Merit: 1002

Quote from: yomamanodros on November 03, 2013, 04:38:55 PM

I will definitely be picking up a few shares. Do you have any thoughts on specific cities yet? I'm guessing San Francisco and New York City are obviously high on the list.

Would love to see this Robocoins installed in Singapore and Kuala Lumpur. We have plenty of tourists and expats here. PM me.

Terpie

full member

Activity: 174

Merit: 101

This is an illegal offering of securities AND you want to operate in the US! Ha! Do you know what the remedy is for every single purchaser of these securities is? Rescission, not to mention the fines and penalties. So you're essentially giving your shareholders zero-cost options. Not smart.

Topic: [Ver 2.0] R14x: Intl. Robocoin GB ATM Launch in EU, N America, Feb '14. PMs only - page 7. (Read 31348 times)