Can ATMs move bitcoin into the mainstream?

[MF Doom]

Localbitcoins works better, ATMs are too legacy, do not fit in a mobile and digital era

If the rates were the same and there was a local one I'd rather be buying from an ATM. Every time you're dealing with a new seller it's a fresh risk that you're taking.

so what it boils down to is to deal with btc, there is a huge amount of trust you need to have in the person you are dealing with.  I think that is a MAJOR issue that is holding btc back.  I mean say you went to sell some btc, you send them, adn the person just turns around and takes off.  I've read about it happening.  This is a huge problem.

[gentlemand]

so what it boils down to is to deal with btc, there is a huge amount of trust you need to have in the person you are dealing with.  I think that is a MAJOR issue that is holding btc back.  I mean say you went to sell some btc, you send them, adn the person just turns around and takes off.  I've read about it happening.  This is a huge problem.

Yes. But buying 'privately' isn't how any other financial product works once it's entrenched, maybe gold but that's about it. It also tells us how early it all still is.

Nothing wrong with it if you know what you're doing of course but that isn't how most of the world wants to operate. A robust and well backed two way ATM network that doesn't rape its customers in terms of fees or ID would be a nice step towards convincing more people.

[Nagle]

ATMs don't seem to do much for Bitcoin. Hacker Dojo had a Robocoin for about a year. People played with it, but didn't use it much. Then it broke down, and whoever put it there didn't fix it. Now it's gone.

There are three Bitcoin ATMs in Silicon Valley, according to Coindesk. Two are on the premises of Bitcoin startups.  The third is at a mall, Valley Fair in San Jose. It's not a full ATM, just a Bitcoin vending machine that sells Bitcoins, but can't buy them. $279/BTC on Mar 28, 2015. The price range for Bitcoin on that day was $248-$254, so there was a 9% fee for buying Bitcoins there.

This is not "moving into the mainstream".

[MF Doom]

ATMs don't seem to do much for Bitcoin. Hacker Dojo had a Robocoin for about a year. People played with it, but didn't use it much. Then it broke down, and whoever put it there didn't fix it. Now it's gone.

There are three Bitcoin ATMs in Silicon Valley, according to Coindesk. Two are on the premises of Bitcoin startups.  The third is at a mall, Valley Fair in San Jose. It's not a full ATM, just a Bitcoin vending machine that sells Bitcoins, but can't buy them. $279/BTC on Mar 28, 2015. The price range for Bitcoin on that day was $248-$254, so there was a 9% fee for buying Bitcoins there.

This is not "moving into the mainstream".

agreed.  I cant seem to put my finger on it, but why do all btc "startups" seem to jump the gun?  either they have inferior products (like those junk atms) or they hold too much btc (anyone who follws the price should know holding is insane) or they are just complete scam companies.  Why such incompetence?

[gentlemand]

agreed.  I cant seem to put my finger on it, but why do all btc "startups" seem to jump the gun?  either they have inferior products (like those junk atms) or they hold too much btc (anyone who follws the price should know holding is insane) or they are just complete scam companies.  Why such incompetence?

I think you'll find it's the same for all industries, but we're focused on the BTC space. Millions are thrown at terrible ideas and incompetent people every day.

Bitcoin's extreme youth might also be a factor. No one knows what's going to work and what doesn't. It's all still being made up as it goes along.

[Sourgummies]

Recently contacted a Bitcoin Atm provider to find out if I could hit each one they had for the daily limit,In case I have some how become a mega holder.
Found out that they where not all the same setup,some had deposit only at the current time. So I could make a hike to sell and find out they where not set up for that at that location. Other thing was they also had some one that could meet me as well.
Mentioned all I needed was my cell phone,which I doubt is all I need. Otherwise I could set up 3-4 pay as you go cell phones connect them to wallets and hit a atm for the daily limit of $3k and walk away with 12k. Which would be by passing the Know Your Client b.s that all these providers follow.