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Author Topic: [Ver 2.0] R14x: Intl. Robocoin GB ATM Launch in EU, N America, Feb '14. PMs only  (Read 31015 times)
Vagnavs
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November 05, 2013, 03:23:14 AM
 #161

I'm a bit disappointed..

Was looking for a long term investment.  I don't particularly fancy being used to front these machines for you guys to keep after 2 years.

unless there is long term dividend on profits, I'm sorry but I'm not interested.

+1

Getting Bitcoin ATMs into some capital cities via crowd-funding is a great idea, but this is more like a 2-year USD-Bond with 300% interest, than an invest into BTC cash machines.
+1

People only invest what you are willing to lose.


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November 05, 2013, 03:35:57 AM
 #162

i am a bit disappointed it only lasts 2 years or as soon at 300% ROI is reached and then they get to keep the ATMs but thats what they want to do it's their choice i guess.
i got my full BTC refund back no problem at all for my order #460, thankyou for the refund, i hope everything goes well in the future Smiley
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November 05, 2013, 04:00:42 AM
 #163

I was interested until I read the 300% cap.  Doesn't make sense to do this, let people get in at the ground level and stay in for life.  PS, more machines in Canada!

https://bitfinex.com/?refcode=UInJLQ5KpA <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with the refcode
My feedback thread: Forum thread
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November 05, 2013, 04:35:38 AM
 #164

I am so sorry but this offer is CLOSED INDEFINITELY. We are refunding everyone as soon as orders are confirmed on Thomas's spreadsheets.

This will be done in batches and you *will* get your refund back.

After conferring with legal staff and our board of directors, I have decided that we (I) jumped in too early and that this is much too risky for a startup.  
We actually had a lot of legal counsel today offsite. It turns out that *no one* has attempted to do this so far. There's zero case law to refer to.

We are refunding everyone and freezing sales. The legal morass is just too much to deal with right now for a small startup.

If you're willing to buy a machine that needs management services, please talk to us.


==

We are looking for Qualified Investors. We are also looking for potential locations for said ATMs. Please contact us for discussions if you'd like to work with us.

We are looking into our public proof of concept. We still intend to come back for the US launch, it all depends upon Washington DC and what state governments decide as far as laws/policy.
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November 05, 2013, 04:41:12 AM
 #165

For those that sent partial payment the site doesn't keep track of this by default if you did send this I will need your order# and refund address and I can look up your bitcents and send them back to you.
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November 11, 2013, 06:44:48 PM
 #166

Hey everyone,

Thanks for being patient thru the manual refund process.

Unlocking this topic and updating this thread in case you're wondering what became of our ATM management offering: https://bitcointalk.org/index.php?topic=330662.0

For legal reasons we had to retool it as a Services offering. Unfortunately, you or a group will need to buy a Bitcoin ATM or ATMs outright to take advantage of our new Service.

If you (or your group) do proceed, you own the Bitcoin ATM(s) forever, which is much better than our modified terms of 3 years from R14x, Ver. 1.0. In fact, you can even replace us as your Services company, if you'd like.

We're still planning to launch in those first 5 locations we listed (except #1 will be Berlin). What's different about this retooled rollout is that as customers contact us, this will modify our rollout plans based on actual demand.

Also, we're buying ATMs from Robocoin with internal funds and customer funds before the 18th; it's just a matter of how many we're buying.



P.S. If you're already a co-op member who was keen on R14x and you don't have the funds for an entire ATM, please send me a PM to discuss your situation.
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