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Author Topic: [Ver 2.0] R14x: Intl. Robocoin GB ATM Launch in EU, N America, Feb '14. PMs only  (Read 31008 times)
NineLives
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November 03, 2013, 09:36:25 PM
 #21

Purchased 1x.

Transaction ID: d895d6e08ef6503c079ea1b4c993d987508ca9a742484905f437cbf8cf2e210b

Bitcoin Mining Hardware:   www.mininghardware.co.uk
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yomamanodros
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November 03, 2013, 09:38:55 PM
 #22

I will definitely be picking up a few shares.  Do you have any thoughts on specific cities yet?  I'm guessing San Francisco and New York City are obviously high on the list.
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November 03, 2013, 09:40:58 PM
 #23

Yes we plan on promoting each of the ATM's at launch, and will be actively looking for the best placement of the ATM's

Business insurance usually covers the machine as well as whats in it, as this is like any other ATM we don't feel that an insurance company will think it to high risk.

Armed Guards are regularly used to restock ATM's cash, this isn't to protect the ATM during the normal course of the day but only when the inside needs to be serviced, would you prefer that someone goes opens the machine up and gets robbed while filling the ATM or emptying the deposited cash?
Banks use these services for outdoor ATM's where someone can pop up behind the fillers when filling it, we may not need this service depending on the location of the ATM if we feel that it can be restocked at the close of business when no customers will have access to it.

---
Forgot to address your last few points
The ATM can be bolted down (it comes with the necessary equipment to do this)

Delivery/installation is expected in January / February '14

We would love to place one somewhere else, if someone from another country is willing to find out what legal issues need to be addressed to operate it there I'm sure we can get one out there.

I don't mean to label the ATM machine as high risk and I don't think the insurance companies consider an ATM itself as high-risk. But the whole financial world is wary of the bitcoin-phenomenon. I can imagine insurance companies asking astronomical fees just because of it's relation to bitcoin or downright rejecting insurance.

Anyway, if it receives a lot of (local) press coverage and is installed in a highy-populated and bitcoin-friendly environment, I guess I'm in.

For the insurance they would be insuring the ATM not what we do, most of the insurance we would need is for the physical machine and cash that it holds.

Also from the OP we are currently looking for a location if you know someone or own a business that is BTC friendly and would like to be the home of one or some of the ATM's send me a message.

And we are offering institutional prices for people who want to own entire machines and have us maintain them.

I will definitely be picking up a few shares.  Do you have any thoughts on specific cities yet?  I'm guessing San Francisco and New York City are obviously high on the list.
Yes these two are fairly high on the list, but we are open to other suggestions (our plans are for a few machines) as well as locations within those cities, and if you wanted to purchase a full machine guess who can decide where it goes.


On a completely different note I'd like to just post some quick statistics in under an hour we have sold around 50 shares (paid) and for an ATM that will be launched in the USA there have been far more shares belonging to people from the EU than the USA. Shall we turn this into a contest?

It doesn't really matter where you are from everyone that puts up money for these units will receive a payout even if you're not from the USA.

I would like to also point out 1 thing about this ATM have you ever gone to another country and had to convert your currency to theirs? How would you feel about just going to that country sending your BTC to an address the ATM gives you and getting the local currency back (if you needed some local currency) rates would be much much better than going to an exchange or bank.
NineLives
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November 03, 2013, 09:52:11 PM
 #24

Purchased another.

Transaction ID: d9067e4fa6a27a1d5e689bf5d4e4abccb4fa48061faecfe747308001af9e9302

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yomamanodros
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November 03, 2013, 10:05:02 PM
 #25

I just picked up the first of what will be several.

Order #420  Grin

Tr Id- 90dda7d285516d9ecc9e95a990728c312953fab3b0e8f21a27ffaf46cd3eb197

Payout address- 1DAXoynA9hMQ1fY6nPeBCA2YnmLjptaaev
thomas_s
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November 03, 2013, 10:10:12 PM
 #26

To people that may be wondering what the BTC price is to prevent a mass of orders to check the BTC conversion price at the moment it is looking like

0.601000599 BTC per share, this price doesn't change frequently because its based on an average BTC price.

Also this round qualifies for fiat purchases. What does that mean for customers.

We are accepting
CitiBank (US) and TD Bank checks
Postal Money Orders (USA)
Wire Transfers
Official / Bank Checks
Western Union Money Orders

We are still working to get credit cards as an accepted payment method but we are unsure of when this will happen.

To use these options please send me a PM.

To increase exposure and help push the ATM GB's along please upvote our reddit post on /bitcoins

http://www.reddit.com/r/Bitcoin/comments/1ptt1a/pooling_funds_for_the_us_launch_of_robocoin_atms/
Terpie
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November 03, 2013, 10:31:11 PM
 #27

This is an illegal offering of securities AND you want to operate in the US! Ha! Do you know what the remedy is for every single purchaser of these securities is? Rescission, not to mention the fines and penalties. So you're essentially giving your shareholders zero-cost options. Not smart.
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November 03, 2013, 10:34:00 PM
 #28

I will definitely be picking up a few shares.  Do you have any thoughts on specific cities yet?  I'm guessing San Francisco and New York City are obviously high on the list.

Would love to see this Robocoins installed in Singapore and Kuala Lumpur. We have plenty of tourists and expats here. PM me.

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November 03, 2013, 10:52:08 PM
 #29

I'm in for 12 shares. Go team EU!
Tx ID: 3fa142ab0c31c491d03a1188f505a3728af23beb73180bb36bcf9445431523c7
Payout address: 16Pmqgw4iTCtpk2n7SeAXv7LuMy6TEQ3u6

I'm building a moderately diverse BTC portfolio here. Some bitcoins, miners of my own, shares in a miner-coop and shares in a BTC-ATM Cheesy.
MilkyWayMasta
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November 03, 2013, 10:58:40 PM
 #30

How likely is it that this will be the first RoboCoin ATM in the United States? It would be so awesome to say I own (bought 2 shares) 1% of the profits of the first Bitcoin ATM..  Grin
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November 03, 2013, 11:02:01 PM
 #31

This is an illegal offering of securities AND you want to operate in the US! Ha! Do you know what the remedy is for every single purchaser of these securities is? Rescission, not to mention the fines and penalties. So you're essentially giving your shareholders zero-cost options. Not smart.
 


   Guys I have some background in taxes and this post may be correct.   a btc may be a stock and or a security .  selling a btc from an atm machine on usa soil may not be legal. We may need a brokers license to own it.

   I love the idea of doing this , but I am a bit leery of the fed laws that involve selling of stocks and or securities.

 I don't know if we can do this legally.  I am not so sure I want it to be under the DZ coop umbrella..

 I am pretty sure the other buys are fine as it is pooling cash to buy  mining gear.

   I do not want the feds going after the gb 1 -gb 13 mining gear  as a punishment for  the atm.  I used to do collections for the IRS back in the 80's you would be surprised what can be done under fed laws.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
NineLives
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November 03, 2013, 11:46:37 PM
 #32

This is an illegal offering of securities AND you want to operate in the US! Ha! Do you know what the remedy is for every single purchaser of these securities is? Rescission, not to mention the fines and penalties. So you're essentially giving your shareholders zero-cost options. Not smart.
 


   Guys I have some background in taxes and this post may be correct.   a btc may be a stock and or a security .  selling a btc from an atm machine on usa soil may not be legal. We may need a brokers license to own it.

   I love the idea of doing this , but I am a bit leery of the fed laws that involve selling of stocks and or securities.

 I don't know if we can do this legally.  I am not so sure I want it to be under the DZ coop umbrella..

 I am pretty sure the other buys are fine as it is pooling cash to buy  mining gear.

   I do not want the feds going after the gb 1 -gb 13 mining gear  as a punishment for  the atm.  I used to do collections for the IRS back in the 80's you would be surprised what can be done under fed laws.

This is a good point.  If BTC is illegal in the US, how would you be successful with an ATM?  Please explain.

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wontons
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November 03, 2013, 11:48:23 PM
 #33

This is an interesting idea.  I'm in for 2 shares or 1%.  Paid via the dz site, order #435
Transaction ID: 17d434f8f36e6f72ee90419b021d5d061de8d7bcee720115c448e7787e714dfe
madpoet
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November 03, 2013, 11:52:37 PM
 #34

BTC is not illegal in the U.S.

In for 2, I will send a small BTC payment to hold it open while I get the rest together Smiley  How long do I have once reserved?

*edit* Bought 4 Wink
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November 03, 2013, 11:53:06 PM
 #35

Order: #430
Paid


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LVBTC
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November 04, 2013, 12:17:19 AM
 #36

If these ATMs are bound for the US, then this poster has large bank hurdles and head aches they are approaching. The post even mentions bank off-the-cusp, but this is the largest issue by far. If anyone is interested in a larger investment into our group buying machines in Las Vegas, please message me ($10K minimum). We are approaching it more as a business from an investment perspective and brand in Las Vegas. We will be additionally going to Macau and Singapore next.

I wish you guys best of luck, but you should really consider figuring out the bank thing first.
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November 04, 2013, 12:29:58 AM
 #37

Just ordered 7 shares. I put in 0.1 bitcoin with this transaction to hold my order. https://blockchain.info/tx/52ab570ac6afd7008db3ad4a95297138ae02e82220206c249443725d8c1a4221

I will pay the remaining bitcoin tomorrow.
thomas_s
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November 04, 2013, 12:52:08 AM
 #38

We have rethought the launch in the USA and feel that at this time it will not be in anyones best interest for the first ATM(s) to be in the USA.

We will be moving the launch into a more BTC friendly / open country, looking at the EU.

If you don't like this change and would like a refund of your funds it will be issued at no cost to you. (Most of the funds have been raised by the EU as well)

Mining operations are not affected by the ATM and have been working on incorporating to keep separate.
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November 04, 2013, 12:54:22 AM
 #39

Bought 2 shares, will pick some more up later!

tx 9ea8f1b4cfd78ed442a372f1f276c2d8722f6c84cc16ad3d92e7aca9e2bef8b6

stex2009
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November 04, 2013, 12:59:51 AM
 #40

ATM might be a big problem for you guys. Too much of hassle for a small team to deal with, in my opinion! It's an interesting concept though!
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