this feature has been backlog'd, but let me know which particular design you need I'll just ask Yifu to upload it for now instead of waiting for him putting them onto the site.

@DeathAndTaxes: I always understood it that there was a certain amount of money you could make per year that didn't have to be taxed. If bitcoin is a currency btw, then I think it would be the same rule as just converting USD to CND or something. You didn't "make money", you just pay capital gains taxes when you sell it back (not sure about taxes on exchanging currencies).

I don't personally think of bitcoin as a currency yet though so if I were filing I'd file it the same way I would buying and selling coins on eBay.

Everyone,

My partner and I spent a week with Todd Bethell, developing the Bitcoin ATM platform from the ground up on a Kiosk in his garage. He's a big dreamer for sure, and is also unfortunately misguided. He had no technical understanding of how Bitcoin works, and was purely ideologically driven in regards to what he saw as the potential market size. What I saw as a prototype / proof of concept / 'cool bleeding edge, fun project', he saw as the answer to the economic ills of the world.

When we met Todd, we found his hard line Libertarian ideals endearing. When we parted ways, unpaid for services rendered, I felt differently. He'd spoken of Dustin and others as his big Bitcoin investors. Unfortunately, that money never materialized, and instead of dealing with us in an upfront and honest way, he instead insulted our work, competence, demanded that we sign a non compete agreement, and even went so far as to report me to the Bitcoin Police, while also calling me and Eric 'fraudsters' and 'scammers' to others. The offline wallet system listed on his site is my IP, as is the implementation description and backend services which we already coded for the Vanity addresses. Yeah, I'm the scammer and thief. *cough*.

So, when Todd didn't pay us, we pulled the kill switch on the software. Perhaps we should have just let him have it for free? What would you have done?

I think there is a really good lesson here for many of you in the Bitcoin community to learn. Bitcoin is very young, and the market size is nowhere near where it needs to be for brick and mortar solutions to be realistic.

Mr. Bitcoiner and others have made very valid points as to the coming obsolescence of ATMs. Bitcoin ATMs will almost certainly never find a mass market.

200 Bitcoin Kiosks @ $4000 / unit + Software, Monthly Support, Security, On Site Maintenance = Not Viable

video of the Bitcoin ATM in debug mode: http://www.youtube.com/watch?v=c2tikxtviqQ

So.. You want to know why his site is dead? It's because the economic issues that the have been raised here are incredibly valid. The idea of 200 "Bitcoin ATMs" (really, Kiosks) being deployed worldwide is hilariously unrealistic and naive.

Frankly my experience with the fly-by-night operators in Bitcoin has left me with such a bad taste in my mouth that I prefer to only work in a vacuum, and do my best to just keep to myself. So many of you are liars, thieves and crooks, dishonest businessmen, and frankly, just outright criminals, that it's not all that surprising that Bitcoin has been suffering from an image problem.

I'm tired of being libeled. I'm one of the few people actively working on the building blocks of the Bitcoin economy while so many others are outwardly projecting their own insecurities about themselves by way of calling others scammers and fraudsters. I have never seen such a thing anywhere else. The ratio of of Bitcoiners who have psychiatric disorders relative to the general population has got to be massive.

TL:DR

Bitcoin ATMs will never come to market. By the time Bitcoin gets to the size necessary for their viability, smartphones and other POS solutions will exist. On the surface, Bitcoin ATMs seem like a good idea, but they are financial black holes.

-Jonathan

This forum supports embedding images. I bet you find the right button to do it.

I have also worked with Mr. Bethell and have remained quite.  But, I will speak up my thoughts.  I believe it is still possible to make a profit on Bitcoin ATM, but one needs a solid business plan.  The plan presented by Mr. Bethell has some flaws, IMHO.

People sell video game machines for $10K+ and these machines profit over time.  An ATM is about $5K.  If it can pull in $15 profit a day it would take a year to pay off.  Maybe year and a half.  After that it would all be profit.  The Bitcoin ATM is more like a three year investment and you won't see profit until many years (assuming there is actually some demand which I think there is.)

It would take a lot of dedication and planning to make a successful Bitcoin ATM business.  I can see people wanting to create one for fun, like Johnathan said, for geek cred.

Mt. Gox offers deposits at Chase bank now with a little paperwork, so that is more competition for the Bitcoin ATM.

Andorra isn't part of the SEPA zone.  These are the SEPA zone countries.

1. Austria
2. Belgium
3. Bulgaria
4. Cyprus
5. Czech Republic
6. Denmark
7. Estonia
8. Finland
9. France
10. Germany
11. Greece
12. Hungary
13. Ireland
14. Italy
15. Latvia
16. Lithuania
17. Luxembourg
18. Malta
19. Monaco
20. Netherlands
21. Poland
22. Portugal
23. Romania
24. Slovak Republic
25. Slovenia
26. Spain
27. Sweden
28. Switzerland
29. United Kingdom
30. Iceland
31. Liechtenstein
32. Norway

I hate to say this but this still suffers from all the issues that previous suggestions for point of sale stuff has, in that it takes a great deal of time comparatively to confirm the transaction is actually valid. People aren't going to wait around for a quarter of an hour after buying a stick of gum to wait for a transaction to verify.

For SEPA deposits/withdrawals. This issue is not about their operations in general.

You can find some on http://stuffexists.com/

I doubt most merchants would want a second machine just for Bitcoin. Why spend $250 for another machine when you could just have Bitcoin capability on your cell phone for free?

It needs to be integrated or it will not be used. I understand the difficulties in doing so. Someone should be able to come up with something.

GLBSE is in violation of US SEC laws, and you are in violation of selling securities without registration of them. If you are in the US, you'd best pretend that such sales of ahares never occurred.

The volatility makes it less useful as a medium of exchange. If you accept 100 bitcoins in exchange for some hardware and the next day those 100 bitcoins are worth 15% less, you may wind up taking a loss on the transaction. This matters because you typically can't pay your employees, pay your utility bills, pay your rent, or pay your suppliers in bitcoins.

Otherwise, the price of a bitcoin measures a whole bunch of things mixed together. One of the things it measures is the collective opinion of the long-term viability of bitcoins as a medium of exchange. But that's mixed in with so many other factors that you really draw too many conclusions.

I think a lot of people just assume that a high price is good and a low price is bad without really thinking too much about it. They confuse the price of a bitcoin with things like the price of a company's stock.

How would you tackle the fraud issue? I wouldnt let anyone touch my btc after the Mybitcoin wallet thing, and now we hear Bruce our biggest spokesperson is very likely a long time fraudster, seems like everywhere you turn someone wants to steal your coins.

I agree, Greece is a good target, if I had any idea how to target them, I would.

I will disagree with you about OWS though.  I am a free market Libertarian and I am involved, I am not the only one by any means.  I don't know why people insist on claiming it's only the socialists who think we have a financial problem here.  I think anyone who can do simple math should realize that what we are doing is not sustainable and support OWS, regardless of political ideology.

and to think I almost used their e-wallet service. where are the bitcoin police?