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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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cryptothreads
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August 16, 2015, 03:49:51 AM |
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This is what I like to hear. Will be visiting. |
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Possum577
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August 16, 2015, 03:54:01 AM |
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This is cool, thanks for sharing.
Is Coin Cloud the company that owns the Bitcoin ATM or a directory (of sorts) of Bitcoin ATMs?
I'd love to see this machine outside of a store so it could be accessed at all hours - I wonder if the security of this machine is weaker than traditional machines that sit outside all day, all night, and never get messed with...
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EndTheFed321 (OP)
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August 16, 2015, 03:59:47 AM |
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Yes, Coin Cloud owns the BTM
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fryarminer
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August 16, 2015, 04:53:21 AM |
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Do you know what the mark up? Spot + 5%?
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tadakaluri
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August 16, 2015, 06:18:07 AM |
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Great news. But we people in India may not see it in coming 5 years.
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Kprawn
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Activity: 1904
Merit: 1073
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August 16, 2015, 10:10:45 AM |
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I wonder if it would somehow accept authentication for people without USA ID's? Let's say tourist visit LA and wants to sell some BTC to pay for some services in Fiat... It would be shitty to be in LA and not being able to convert BTC to Fiat and miss out on all the attractions not offered for BTC payment. You would then have to bribe a local to sell the BTC for you, with their ID.  |
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LFC_Bitcoin
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#1 VIP Crypto Casino
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August 16, 2015, 10:45:23 AM |
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Good news - hope it actually gets some decent use. Unfortunately most of the bitcoin ATM's seem to have disappointing usage numbers. LA is a pretty wealthy area so fingers crossed they have some bitcoin enthusiasts.
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harrymmmm
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August 17, 2015, 03:03:02 AM |
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I wonder if it would somehow accept authentication for people without USA ID's? Let's say tourist visit LA and wants to sell some BTC to pay for some services in Fiat... It would be shitty to be in LA and not being able to convert BTC to Fiat and miss out on all the attractions not offered for BTC payment. You would then have to bribe a local to sell the BTC for you, with their ID. I find it annoying when people make these kinds of releases without adding the cost, the id and verification requirements, the delay involved there, whether it's a one-way atm or not, etc... Still ... good work getting one there, whatever it is! |
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Mickeyb
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August 25, 2015, 07:31:37 PM |
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Great news. After all there will be California again that will be pulling thing first in the US, au usual. Honestly, more we have of these anywhere in the world, the better for Bitcoin is.  |
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NorrisK
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Activity: 1946
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August 25, 2015, 07:34:51 PM |
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Every ATM that is out there attracting any form of attention and public awareness is welcomed Great to read more of this type of stuff on a daily basis! |
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Winnopeg
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August 26, 2015, 03:09:20 AM |
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I wonder if it would somehow accept authentication for people without USA ID's? Let's say tourist visit LA and wants to sell some BTC to pay for some services in Fiat... It would be shitty to be in LA and not being able to convert BTC to Fiat and miss out on all the attractions not offered for BTC payment. You would then have to bribe a local to sell the BTC for you, with their ID. This sort of BTM only accepts and dispenses USD, but it otherwise will take international phone numbers and IDs; it just needs to be a valid information provided. They're tourist friendly. |
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fryarminer
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August 26, 2015, 05:53:14 PM |
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Thank you! the mark up is the biggest deterrent for BTC ATMs. That being said, 8% isn't all THAT bad. |
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maokoto
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August 26, 2015, 05:55:19 PM |
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Would love to see one of those Bitcoin ATM in Spain.
Although not sure what is their function. Do they allow you to convert Bitcoin to fiat, or to buy Bitcoin?
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madjules007
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August 26, 2015, 08:01:15 PM |
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Thank you! the mark up is the biggest deterrent for BTC ATMs. That being said, 8% isn't all THAT bad. It's pretty brutal. In LA I can use LocalBitcoins cash in person and get spot price. I actually sell at a premium much of the time because I am not usually in a rush to get the deal done that day, so I can wait for someone to respond to my ad. I'm trying to picture just who would pay these kind of prices..... |
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unamis76
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August 26, 2015, 08:08:27 PM |
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I know these guys have to have some revenue to have their service running... But 8% is a bit too steep. Anyways, always good when there are new BTM's.
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Za1n
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Activity: 1078
Merit: 1011
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August 26, 2015, 08:16:08 PM |
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Ouch, 8% buy is pretty rough! I suppose they need to make up for low volume with higher fees, but 8% premiums is not much of an argument against CC fees when that is supposedly one of Bitcoins strengths. |
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gogxmagog
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Ad maiora!
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August 26, 2015, 11:00:59 PM
Last edit: August 26, 2015, 11:11:35 PM by gogxmagog |
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Interdasting! I was just in LA recently and didn't see any signs of BTC. a few merchants knew what it was but were doubtful they could do any substantial business in it. I did my best to encourage them, and my AirBnB host was probably the most won over, especially when I told him how much profits I had made simply by acquiring BTC over time. I pointed him here, for more info, and showed him how to set up a wallet. He said he would seriously consider accepting BTC for rentals of his AirBnB, even for payment for antiques, which he sells as well. oh yeah, and UBER is everywhere in LA. I used it several times to go out drinking in Tiki Bars...  Tiki Ti's a fantastic Tiki Bar in Los Feliz/Silverlake  hammered drunk at Tiki Ti's (sadly they didnt take BTC... yet. Still fun lets hope there are more, not 100% cynical Angelenos out there... most I met were bitter as hell! |
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madjules007
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August 26, 2015, 11:35:00 PM |
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lets hope there are more, not 100% cynical Angelenos out there... most I met were bitter as hell!
I assure you, if it's not 100% it is damn close.  It sounds cliche, but easily 9 out of 10 people I meet here in LA are trying to make it in the entertainment industry (and out of those, at least 8 of them are really struggling to do so). Lots of transplants here. For them (and me), LA is just a layover to be chewed up and spit out like a 30 year old porn actress (no shortage of those here either). Someday, I will escape back up north. I'm rambling now..... |
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