BitcoinATM debut today?

[seleme]

How would they take care of double spend for BTC->fiat conversion? I hardly imagine they would ask you to hang around for 10 minutes waiting for 1 confirmation.

Good question.

Maybe something like Easywallet? I haven't use them but apparently they have instant, no fee transfer based on this post: https://bitcointalk.org/index.php?topic=174620.msg1951632#msg1951632

[BTC Books]

Would love to bring this to my area but unfortunately there's zero interest and coverage about bitcoins here. You can't find word about it even on the biggest forums.

  What area is that?

Bosnia

Hmmm.  After a bit of research, I see what you mean.

I believe that's called "an opportunity"...

[seleme]

Would love to bring this to my area but unfortunately there's zero interest and coverage about bitcoins here. You can't find word about it even on the biggest forums.

  What area is that?

Bosnia

Hmmm.  After a bit of research, I see what you mean.

I believe that's called "an opportunity"...

Yeah, but it's too much job and I'm not bitcoin technology specialist so definitely not a right person to cover non-existing market. It's for someone much less tired than I am and with more technical knowledge.

[bitcon]

get cash:
the ATM has an active internet connection a usb slot so you just plug in your usb flash drive with your wallet.dat that has already over 6x confirmations BTC credits from the blockchain.


get coins:
insert cash/ Credit card coins get sent to online site such as mtgox / tradehill or your private wallet address.

[Dargumin]

On March 25, 2013, Canadian media and technology entrepreneur, Jeff Berwick, announced the completion of the world’s first BitcoinATM machine and announced it would soon take it to market.

Today, just over one month later, BitcoinATM is announcing its grand inauguration and launch press conference and reception.  BitcoinATM will be unveiling its G6000 BitcoinATM at the Hotel Del Coronado in the Yorke Room in San Diego, CA on Thursday, May 2, 2013 at 1pm.
The machine will be displayed and presented as fully functional for both cash in and cash out capabilities with a real time presentation showing the funds flowing into or out of bitcoin wallets.

The company garnered much media attention over the past month with its plans to bring Bitcoin to mainstreet with its ATM, which, unlike traditional ATM’s, features cash-in and cash-out capabilities for users looking to either buy bitcoins or sell bitcoins.  
Cementing itself among the forefront of Bitcoin startups, BitcoinATM maintains its plan to place an ATM in Cyprus, as well as throughout the Americas and the world.

Since announcing its technology, the company has received franchisee inquiries from 300  groups in over 30 countries spanning every continent on the globe except Antarctica.  BitcoinATM is also in the process of closing a first round of fundraising expected to be in the $1-3 million range to handle growth and demand.  

There is a limited number of space available for the afternoon gathering and a large amount of interest, so BitcoinATM asks all media and interested parties to send the company an e-mail to RSVP to justin@bitcoinatm.com.
For more information on BitcoinATM you can go to www.bitcoinatm.com.

Apart from this forum, I've not seen this anywhere else. Can't see why someone would fake it though?

Its on the bitcoinatm.com website now!  I cant even imagine just how much tthis could affect the price, but I'm feeling bullish!

[chriswilmer]

On March 25, 2013, Canadian media and technology entrepreneur, Jeff Berwick, announced the completion of the world’s first BitcoinATM machine and announced it would soon take it to market.

Today, just over one month later, BitcoinATM is announcing its grand inauguration and launch press conference and reception.  BitcoinATM will be unveiling its G6000 BitcoinATM at the Hotel Del Coronado in the Yorke Room in San Diego, CA on Thursday, May 2, 2013 at 1pm.
The machine will be displayed and presented as fully functional for both cash in and cash out capabilities with a real time presentation showing the funds flowing into or out of bitcoin wallets.

The company garnered much media attention over the past month with its plans to bring Bitcoin to mainstreet with its ATM, which, unlike traditional ATM’s, features cash-in and cash-out capabilities for users looking to either buy bitcoins or sell bitcoins.  
Cementing itself among the forefront of Bitcoin startups, BitcoinATM maintains its plan to place an ATM in Cyprus, as well as throughout the Americas and the world.

Since announcing its technology, the company has received franchisee inquiries from 300  groups in over 30 countries spanning every continent on the globe except Antarctica.  BitcoinATM is also in the process of closing a first round of fundraising expected to be in the $1-3 million range to handle growth and demand.  

There is a limited number of space available for the afternoon gathering and a large amount of interest, so BitcoinATM asks all media and interested parties to send the company an e-mail to RSVP to justin@bitcoinatm.com.
For more information on BitcoinATM you can go to www.bitcoinatm.com.

Apart from this forum, I've not seen this anywhere else. Can't see why someone would fake it though?

Its on the bitcoinatm.com website now!  I cant even imagine just how much tthis could affect the price, but I'm feeling bullish!

Cool!

[Frozenlock]

I sooooo want one!

Unfortunately, I still haven't received any answer from my inquiries. 

[crazy_rabbit]

I sooooo want one!

Unfortunately, I still haven't received any answer from my inquiries. 

Mean neither. Strange, no?

[crazy_rabbit]

Would love to bring this to my area but unfortunately there's zero interest and coverage about bitcoins here. You can't find word about it even on the biggest forums.

  What area is that?

Bosnia

That will change, and fast. The eastern european countries (including former yugoslavia) are some of the most intereted in bitcoin anywhere.

[zoinky]

About as real as the Bitinstant debit card.  Believe it when I see it out next to 7-11.

[crazy_rabbit]

I have written them so many times about licensing and they never responded, not once. That said, I will not be impressed at a machine that "takes bitcoin" and "dispenses cash". That's not particularly amazing. What will be amazing is making a machine that you can park somewhere and it wont get totally pawned by hackers. Building ATMS seems like something ATM building companies should be left to do. If it's real, I'm interested but I'd be concerned about security.

It does both. It takes bitcoins or cash and dispenses cash or bitcoins. Why is that not impressive? It's so much more convenient than, for example, BitInstant (if there is an ATM near you).

Also, I did write to them about licensing and they did respond. *shrugs*

Really? That's so strange- I don't get why they wont respond to me.

The functionality itself isn't impressive because people figured out how to do it for bitcoin a couple years ago already here on the forums. We always knew it wasn't very difficult to do technically. Being able to do it securely and safely millions of times will be the kicker.

[Frozenlock]

Also, I did write to them about licensing and they did respond. *shrugs*

Well, would you be so kind as to give us the information?
What is on the website is minimal, at best.

[emanymton]

I don't understand why they don't have bitcointalk on their further reading list at all... let alone at the top of the list 

[chriswilmer]

Also, I did write to them about licensing and they did respond. *shrugs*

Well, would you be so kind as to give us the information?
What is on the website is minimal, at best.

Well, you have to understand that they don't have enough staff to deal with everyone who claims to want to buy/license an ATM. When I wrote to them, I said I was an entrepreneur (I included the name of a recent company I started) and had an interest in seeing the future success of bitcoin. If you write to them with a one liner "Hey, I'd like to buy a BitcoinATM", they probably won't reply until they are a larger company. *shrugs*

More generally, this is always a hard part of starting a company. You have an exciting idea and you generate some press (as BitcoinATM did) and you start getting thousands of e-mails a day, even though you only have a staff of two or three people. It's impossible to reply to everyone.

[seleme]

Would love to bring this to my area but unfortunately there's zero interest and coverage about bitcoins here. You can't find word about it even on the biggest forums.

  What area is that?

Bosnia

That will change, and fast. The eastern european countries (including former yugoslavia) are some of the most intereted in bitcoin anywhere.

Hopefully, can't see it so far. There's nothing about bitcoin on local forums, few translated news without even using Bitcoin in title, they used generic "online currency", so far complete blackout in Bosnia at least.

[crazy_rabbit]

Would love to bring this to my area but unfortunately there's zero interest and coverage about bitcoins here. You can't find word about it even on the biggest forums.

  What area is that?

Bosnia

That will change, and fast. The eastern european countries (including former yugoslavia) are some of the most intereted in bitcoin anywhere.

Hopefully, can't see it so far. There's nothing about bitcoin on local forums, few translated news without even using Bitcoin in title, they used generic "online currency", so far complete blackout in Bosnia at least.

How old are you if I may ask? I am quite sure business people are aware of it as are Bosnian finance people, so depending on your age you may or may not be in contact with them, or in contact with them when they might be discussion new ideas that they only recently learned about.

[seleme]

I'm 36 and I'm definitely not in contact with financial people but as far as public coverage and masses knowing about bitcoin I can surely say it's one big zero.

We all get giddy when we hear about media talking about bitcoin but there's no such thing here - eventually some generic translated article from international news agency and that's it. Lack of any kind of discussions on forums is the biggest sign of really, really bad bitcoin coverage here.

[jubalix]

How would they take care of double spend for BTC->fiat conversion? I hardly imagine they would ask you to hang around for 10 minutes waiting for 1 confirmation.

this is why a fast coin is needed

[BTCdude007]

The ATM demo/press conference was supposed to have happened at 1pm today.

I wish there was a live feed or a link to it.

[cbeast]

There was a live feed. It was a full room with lots of press. It is an impressive machine, but I don't expect them to go into production until next year at the earliest.