Bitcoin Forum

http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/ (http://www.coindesk.com/skyhooks-open-source-bitcoin-atm/)

An opensource project from my home town! this could really change the landscape. only 1.3 BTC at current exchange prices!  Ok, it's really only a BTC vending machine because it can't dispense fiat, but it's 1/4 the price of it's cheapest competitor.  Go Stumptown!

Thats a great deal. I wonder what other expenses come along with having to operate this, as in licenses and such.

A shit ton

It's more than that. if they can really make and sell these machines for that price, you could conceivably just operate them without licence and gain many times your investment before they are seized. They're basically disposable. This could be huge.

For sure, Ive already pondered bolting that Lamassu down in the back of the tahoe...first mobile bitcoin ATM

This is a great project, way cheaper than current bitcoin ATM machines and also fiat ATM machines :)

The $64,000,000 question is of course which countries will allow these machines.

The 64M question is which countries will have the ability to enforce a ban on them. This is an open source project. It's like 3D printer guns or maybe even more like moonshine stills.

Yeah there is a video on youtube showing you the parts to order and everything

Open source has nothing to do with the legal status of bitcoin ATM machines. Government regulation does.

Where?

I want a Bitcoin ATM that dispenses fiat. Trying to pull fiat out of Gox is a nightmare.

Still a very neat project and it's exciting to think about what the future holds for other Bitcoin ATMS.

If we could have an ATM where by you can exchange BTC for fiat I can see a world of opportunities opening  :)

There would be very little regulation with this device as it is truly not an ATM, it is a bitcoin vending machine!  So most could operate one as a small business, llc or corp and sell bitcoins, just as you can sell any other product.  The issues could come if you were to start redeeming bitcoins for fiat in volume, then the u.s. government may try to enforce banking regulations on you?

Mtnminer

Why? Bitcoin is trying to replace fiat and not make it easier to get fiat...

No thats not true at all...bitcoin is considered money. Any exchange from money to money, no matter the direction, is still considered a money transfer business. You cant just have people walk up and turn 5k into bitcoins without taking note of it. Cause then that money can be laundered out of the country very easily...it is a lot harder than you think. Dont you think if that was the case there would be a bitcoin ATM on every corner by now?

Legal weed shops in the USA who can't get back accounts should bu these to go in their stores, then their customers can buy BTC and they could then accept BTC as payment and save them carrying all that cash around.

That would also be illegal

That's easy, stock one of these Bitcoin dispensers with some of your own Bitcoin and keep the fiat.

this $1000.00 machine and Lamassu machine (https://lamassu.is/ (https://lamassu.is/)) are not ATM's, they are vending machines.  Therefore Licencing shouldn't be required in most countries. 
In Australia we have 2 Lamassu bitcoin vending machines already operating.

Now this is an ATM where you can buy and sell bitcoins https://robocoinkiosk.com/ (https://robocoinkiosk.com/) but they're worth $20,000.00 each.

Yeah, its more in USA where licensing is needed for anything that has to do with exchanging currencies.

What is the URL?

I dont know, it was on a bitcoin reddit...you can search the forum

And that's just now, I imagine there will be a lot more licenses and regulations being created in the future when it comes to Bitcoin machines... seeing as how they're not centralized.

I think he is referring to can you enforce the law, when you can make these things open source, and likely for less and less cost.

correct.

Not really an ATM but very cool nonetheless!

All depends on the country, financial regulations thereof, legal status of bitcoin. You cannot just say "they are vending machines", life isn't that simple.

When speaking in general terms though, I think "vending machine" is perfectly acceptable

If bitcoin is defined legally as a currency in a country, its not just a "vending machine" is it. Its not giving you soft drinks ;)

how about "bitcoin dispenser"?     

Toronto got it's first BTC ATM, I am sure I read somewhere there plans to make it more like an automated exchange, where you can sell your BTC, and withdrawal Canadian currency! 

http://globalnews.ca/news/1082367/bitcoin-atm-sign-of-currencys-growing-popularity/

We need vending machines up here in Denmark, Sweden and Norway

I'd like to see someone put a Bitcoin vending machine next to a Pepsi vending machine, and ask regulators to explain the difference between the two.  If I offer Amazon gift cards in exchange for Pepsi, does that make Pepsi a currency too?  How many people need to trade Pepsi before it becomes a currency?

Because some countries view bitcoin legally currency. Pepsi is not a currency.

if they used a lot of electricity, they could double for heaters!

Sorry, no, these are very very simply machines, not at all like bitcoin mining machines which could indeed be used for heaters!!