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Author Topic: 2013-05-03 VICE: A Working Bitcoin ATM Is in San Diego, But Its Most...  (Read 1395 times)
ksruictkesn
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May 03, 2013, 06:29:34 PM
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A Working Bitcoin ATM Is in San Diego, But Its Most Vocal Backer Is Gone
Published: Friday, 3 May 2013 | 2:25 PM ET
By: Daniel Stuckey

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I then reached out to Berwick, who insisted his BitcoinATM plan was no joke, after which he sent me some photoshoppy-next-gen-iPhone-fanboy-rumor-style renderings of the machine.

"If he's legit," a colleague said, "then why can't he just show us a picture of the real deal?" True, I thought, my frustration heightened. But perhaps I can finally put my anxiety to rest, now that a demo machine lives. Jeff Berwick may be a little more stressed, as he announced yesterday that he's been kicked off the project.

http://motherboard.vice.com/blog/a-working-bitcoin-atm-is-in-san-diego-but-its-most-vocal-backer-is-gone
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kjlimo
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May 03, 2013, 07:59:14 PM
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Rock on!  Where do you think the best place is to put a bitcoin ATM?

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
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May 03, 2013, 08:02:10 PM
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In front of the Federal Reserve entrance Wink
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May 03, 2013, 08:18:32 PM
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its amazing Berwick couldn't see this problem with regulation coming in regards to AML/money transmitter BS.

the naivete of the Bitcoin community never cease to amaze me.
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May 03, 2013, 10:31:18 PM
Last edit: May 03, 2013, 10:43:34 PM by ArticMine
 #5

Government regulations are not the issue that has been made out to be. A Bitcoin ATM operator only has to be concerned with the government regulations in the one location where the ATM is located. One the other hand the BTC withdrawn from the ATM can be spent anywhere in the world.

The biggest problem associated with government financial regulations is that the regulatory framework is fragmented not only at the international and national level but also at the sub national level. It is this fragmentation in regulation that makes becoming a money transmitter prohibitively expensive in many cases. There is nothing preventing a business that provides a Bitcoin ATM to only deal with one or a handful of jurisdictions thereby keeping the cost of regulatory compliance under control.

Jeff Berwick got the issue of government financial regulations completely wrong.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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May 04, 2013, 03:00:26 AM
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it was on fox news

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May 28, 2013, 10:15:02 PM
 #7

In front of the Federal Reserve entrance Wink

Where exactly in San Diego is it (google maps link be nice) I will be visiting in a few weeks would love to see one !
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