Topic: We neet bitcoin ATMs (Read 4520 times)
Hope they come out soon.!! but looks rather Unlikely in my country for the next 3-4 years atleast.!
Yeah, yes we do, but we need to stop the ID scan and all that fucking orwelian looking shit. We need to do it anonymous FFS, otherwise it defeats the point. Look at this shit:
https://www.youtube.com/watch?v=vnm4xFC2xNo
We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.
BTC ATMs needs to scan your identification to comply with AML/KYC requirements. If they did not do this then the ATMs would likely get shut down and the owners/operators would likely get charged with money laundering. https://www.youtube.com/watch?v=vnm4xFC2xNo
We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.
I think scanning ID will add somewhat level of legitimacy to both bitcoin and bitcoin ATMs.
Depending on your Jurisdiction, it may be possible to have low-volume ATMs (less than $1000/day) avoiding any reporting requirements. I looked into this a bit yesterday and document my results in this post. While $1000/day may not be much, if every business has one, it should be possible to find one not maxed out.
Either I missed something, or the US regulations seem to more clearly allow it than the Canadian ones.
We need more security... If our Bitcoin gets stolen then what the heck am I going to withdraw...
Yeah, yes we do, but we need to stop the ID scan and all that fucking orwelian looking shit. We need to do it anonymous FFS, otherwise it defeats the point. Look at this shit:
https://www.youtube.com/watch?v=vnm4xFC2xNo
We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.
https://www.youtube.com/watch?v=vnm4xFC2xNo
We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.
Yes i saw this. This is totally push people out of BTC. Such ATMs should be prohibited by law!
ATM just provide sell and buy, we can not withdraw anything. then what is different?
Seem like in my country Serbia will be one.
According to this article http://www.b92.net/biz/vesti/srbija.php?yyyy=2014&mm=09&dd=17&nav_id=900624
Only is left to see if there are promising that they will have this on several other countries.
According to this article http://www.b92.net/biz/vesti/srbija.php?yyyy=2014&mm=09&dd=17&nav_id=900624
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Only is left to see if there are promising that they will have this on several other countries.
What we need is functional debit card which can be used as a regular card. This would avoid banks and enable people to buy stuff with their coins.
What cost are you willing to pay to get this? Use XAPO if you don't care about the cost of doing BTC business with a debit card.
What we need is functional debit card which can be used as a regular card. This would avoid banks and enable people to buy stuff with their coins.
I agree with you. I also think that Bitcoin ATMs has become essential for us. Specially on those country, which have accepted Bitcoin.
With bitcoin ATM everywhere, that would be the true haven of BTC 
The problem is the word "few" . We need more. We need every people in the world to embrace bitcoin. But how?
Give it a time, this can not happen overnight. The first Bitcoin ATM was launched less than a year ago. As I'm carefully monitoring all the Bitcoin ATM news, I see there are many positive experiences with ATMs recently. Also people who don't even know a lot about Bitcoin, see those ATMs appearing and start asking questions. This is good. I'm pretty confident that Bitcoin ATMs are a good means of increasing people awareness and increase adoption.
Bitcoin ATMs are already available in few countries.
I would say in many countries, although the number within each country is low: Canada and US are on top
You may check the Bitcoin ATM map here http://coinatmradar.com
The problem is the word "few" . We need more. We need every people in the world to embrace bitcoin. But how?
we sure do need more, not least cuz fees to use them right now are sometimes pretty steep, so competition definitely required! I would think twice as customer if i saw commission for using ATM was 7% for example!
I don't think we need ATMs in order to increase bitcoin adoption. I think we need more merchants to accept bitcoin and to offer discounts for paying in bitcoin in order to increase adoption.It is already very easy for people to buy bitcoin as it is.
we sure do need more, not least cuz fees to use them right now are sometimes pretty steep, so competition definitely required! I would think twice as customer if i saw commission for using ATM was 7% for example!
Bitcoin ATMs are already available in few countries.
I would say in many countries, although the number within each country is low: Canada and US are on top
You may check the Bitcoin ATM map here http://coinatmradar.com
I agree with you. Popularity of Bitcoin is increasing day by day. So bitcoin ATMs becoming essential. I have found that Bitcoin ATMs are already available in few countries.
capital city of my country have 300.000 population and 4 ATMs
I agree with you. Popularity of Bitcoin is increasing day by day. So bitcoin ATMs becoming essential. I have found that Bitcoin ATMs are already available in few countries.
When the banking industry began to make electronic fund transfers possible (credit, debit) they needed a bridge solution that brought the paper-cash economy to the electronic-cash economy. ATMs seem to have been one of the most effective solutions: you have a bank account with numbers representing imagined value in it, but you can still withdraw "real" cash at any one of thousands of locations.
Given that PayPal just shut CoinPal down, I assume we know this is going to happen to others as well. What is our bridge solution?
BitCoinMe.com does cash-for-bitcoin (and vice versa) at your doorstep. The great thing about cash is it has no middle man that can get in the way of an exchange. If we scaled this up to have in-person exchangers in every city, this would provide a partial solution to the problem. But with the pros come some cons:
1. Cash delivery in any quantity over $50 (on a regular basis) is something best suited for men with guns and armored vehicles. We don't want bitcoiners to be jumped, hurt, or killed.
2. Having someone come to your door removes anonymity from the transaction.
What would it take to create a bitcoin ATM?
Suppose a person could visit the ATM, enter a bitcoin address (via USB? via an aliased email address? via some other shortened method?) and then insert cash. The cash is stored in the ATM for collection later, while the bitcoin address is immediately credited at current exchange rates.
On the flip side (withdrawal), suppose ATMs have addresses accessible on the internet (like an email address, e.g. [email protected]). You send bitcoin to the address, and then receive a payment receipt with a 5 digit PIN (this could be on your smart phone, or at home on the computer). Then you turn to (or go visit) the ATM and punch in the PIN. Out comes cash, rounded down to the dollar, at current exchange rates.
Can we do this? Should we?
Given that PayPal just shut CoinPal down, I assume we know this is going to happen to others as well. What is our bridge solution?
BitCoinMe.com does cash-for-bitcoin (and vice versa) at your doorstep. The great thing about cash is it has no middle man that can get in the way of an exchange. If we scaled this up to have in-person exchangers in every city, this would provide a partial solution to the problem. But with the pros come some cons:
1. Cash delivery in any quantity over $50 (on a regular basis) is something best suited for men with guns and armored vehicles. We don't want bitcoiners to be jumped, hurt, or killed.
2. Having someone come to your door removes anonymity from the transaction.
What would it take to create a bitcoin ATM?
Suppose a person could visit the ATM, enter a bitcoin address (via USB? via an aliased email address? via some other shortened method?) and then insert cash. The cash is stored in the ATM for collection later, while the bitcoin address is immediately credited at current exchange rates.
On the flip side (withdrawal), suppose ATMs have addresses accessible on the internet (like an email address, e.g. [email protected]). You send bitcoin to the address, and then receive a payment receipt with a 5 digit PIN (this could be on your smart phone, or at home on the computer). Then you turn to (or go visit) the ATM and punch in the PIN. Out comes cash, rounded down to the dollar, at current exchange rates.
Can we do this? Should we?
Thing is that they need to be simple as possible can be. I watch one video, when they had so much troubles, that took lots of time to make a transactions. That can push off many people. I do belive, soon will be perfect AMT out there.
So if you get BTC on the ATM what carda are you going to use? What will you receive in return (normal atms you get dollars in cash)
wouldn't that mean that government will have some control on BTC ?
Actually not. The number of Bitcoin ATM doesn't connected with a government control. Jump to: