Mike Tyson’s Bitcoin ATM Goes Live

[OmegaStarScream]

Knockout fees

According to Peter Klamka, CEO of Bitcoin Direct, the Mike Tyson ATM was installed on Tuesday and activated yesterday. The ATM’s exact location is within The LINQ Hotel & Casino’s Promenade, off the strip, on South Las Vegas Boulevard. It is a one-way Lamassu ATM, meaning it only takes money to convert into bitcoin and the fees are liable to score a knockout faster than Tyson is used to. It costs 10% over the current Bitstamp exchange rate price at the time of purchase to use.

The location while “off the strip” is centrally located behind the Mirage, Bellagio and Caesar’s Palace, and south of Wynn Las vegas across the street from Planet Hollywood.

Oddly, The LINQ does not accept bitcoin directly, so the placement could have been better, as there are a couple of bitcoin-friendly casinos in Las Vegas. The D and the Golden Gate Casino do accept bitcoin, but do not have a bitcoin ATM. Typically, a fee more in the 4-5% range is considered normal, but the rights to Tyson’s image and the location near high rollers at multiple top hotels may be inflating user prices, at least initially.

here is the full article : http://cointelegraph.com/news/115157/mike-tysons-bitcoin-atm-goes-live
But didn't they accused him of dealing with a SCAM company or something last time he announced that his ATM's are coming out ?

[mamafii]

great. is a new product, with mike Tyson picture on atm macine,
i think this can be interesting, and make people interest too try.
all of they i'm sure want to feel use it, ignore how much the few they will should have to pay.

[GrandmaJean]

its nice to see that famous people invest in bitcoins, the more people get interested the better for bitcoin price

[maokoto]

So it only takes money to convert to Bitcoin?  it does not seem very useful. Converting Bitcoins to more usable money would be better. Some people will be interested when they see it, but what is really needed is things to make spending Bitcoins easier.

[Lethn]

Looks to me like he's just gotten a standard Lamassu ATM and then put his branding over it, oh well, celebrities do tend to get people to do stuff so meh.

[frankenmint]

Looks to me like he's just gotten a standard Lamassu ATM and then put his branding over it, oh well, celebrities do tend to get people to do stuff so meh.

all he needs to do is to resell the wrap and the firmware for $30 or license it to them and earn $10 per mike tyson branded version.  This  right now seems like one guy who spent the extra couple hundred on his own custom wrap and decided to tell mt about it.

[gentlemand]

I think I'd rather have a normal looking one and pay less than give away a 5% premium to look at Mike.

[foodstamps]

So it only takes money to convert to Bitcoin?  it does not seem very useful. Converting Bitcoins to more usable money would be better. Some people will be interested when they see it, but what is really needed is things to make spending Bitcoins easier.

This is actually a good thing. Many people have issues trying to buy BTC if they do not have a bank account/CC, or if they do not want to share that information over the internet.

[NorrisK]

I think this is a good thing. Located in a place where people have too much money to spend, what more do you want?

[tvbcof]

Just don't let your ear get to close to it.

[frankenmint]

I think I'd rather have a normal looking one and pay less than give away a 5% premium to look at Mike.

I'd rather keep the mike wrapped one and knock out competition with a rate BELOW mkt - like maybe 1%, have ppl lining up all day to take photos w/ the machine too

[tiggytomb]

Would be good if it was a two way machine dispensing cash as well as Bitcoin.  Give it a month or two and it would be interesting to see the stats on the machine to see how much it took.

[Digit-0]

I think this is a good thing. Located in a place where people have too much money to spend, what more do you want?

exactly this, South Las Vegas Boulevard is a very good place for it, and dont forget that people will start to talk about it now, i mean all those who dont know about bitcoin yet, and this is a good way spread the word

so things like that are a win/win, i like it so much, go go mike!!

[Dillar]

really? I thought it was a scam. I believe that bitcoin has a great chance to go mainstream if things like that happen.

[pinball8]

congratulation!!!
ignore how much of fee we should pay.
may be for the next mohammad Ali too can be the next bitcoin ATm..

[frankenmint]

congratulation!!!
ignore how much of fee we should pay.
may be for the next mohammad Ali too can be the next bitcoin ATm..

Competitive says 1% though w/ rent and electricity costs, that is impossible.  Probably 5% would be fair market rate.  Going at 2x market rate is a ploy to sucker in the non-tech users to pickup bitcoin from this.  - hopefully its only this high in order to let the machine pay for itself and eventually the owner will turn around and list the exchange rate back down to 5% though I sense that is not the case.

[pinball8]

i have read about that.
although they should get pay more, but for try it. who dont want it?
i think everyone want to try.
i hope dont just mike tyson, but for the next muhammad ali too..

[Brad Harrison]

This looks so pathetic, he will be bankrupt in no time from this haha

[1K]

great. is a new product, with mike Tyson picture on atm macine,
i think this can be interesting, and make people interest too try.
all of they i'm sure want to feel use it, ignore how much the few they will should have to pay.

Hardly a new product. It's just a lamassu ATM with a crappy picture of Tyson on it. Just for branding purposes really but can't see how Tyson is a good promoter for bitcoin.

[runpaint]

I think I'd rather have a normal looking one and pay less than give away a 5% premium to look at Mike.

I'd rather keep the mike wrapped one and knock out competition with a rate BELOW mkt - like maybe 1%, have ppl lining up all day to take photos w/ the machine too

So you would lose money on every transaction?  You would eventually have to close the ATM when all your money was gone.