[Ver 2.0] R14x: Intl. Robocoin GB ATM Launch in EU, N America, Feb '14. PMs only

[floatyfish]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

[1714177081]

1714177081

[thomas_s]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

[floatyfish]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

[thomas_s]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

[floatyfish]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

OK, that's good. Now, let's assume that this sells out tonight. Would the ATM be ordered immediately or would there be a bit of a wait until a suitable city could be found? Also, I'm sorry if this comes off as pestering, I just want to make sure that everything's accounted for, since this is a whole different ballgame from the mining that we've been doing.

[thomas_s]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

OK, that's good. Now, let's assume that this sells out tonight. Would the ATM be ordered immediately or would there be a bit of a wait until a suitable city could be found? Also, I'm sorry if this comes off as pestering, I just want to make sure that everything's accounted for, since this is a whole different ballgame from the mining that we've been doing.

ATM #1 will more than likely sell out tonight if it goes the rate it has been within 24 hours

There are multiple planned and they will just automatically flow into the next, we don't plan on ordering immediately and are talking with Robocoin almost every day from about Thursday.

[-Redacted-]

Each state has money transmitter laws and licenses.  No where in the OP was this addressed and was ignored.  MtGox bank acct was shut down because of this.  Please explain.  Thx.

We are aware of the FINCen AML requirements.

[btceic]

Can people from the US participate?

[floatyfish]

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.

Honest question, will the security laws prevent us from doing this in the EU as well? I'm totally willing to throw down, but only if it's legal.

BTC AMT's have already been announced for deployment in the EU, but we are still making sure that our company is in full compliance.

So let's say I place an order for a share, but then it turns out that the company isn't actually compliant due to an obscure law. Everyone who contributed will get their funds back or the funds will be used to purchase another miner/another ATM that will be compliant, correct?

Yes, and worst case scenario we can put one in Canada where they are already up and running.

OK, that's good. Now, let's assume that this sells out tonight. Would the ATM be ordered immediately or would there be a bit of a wait until a suitable city could be found? Also, I'm sorry if this comes off as pestering, I just want to make sure that everything's accounted for, since this is a whole different ballgame from the mining that we've been doing.

ATM #1 will more than likely sell out tonight if it goes the rate it has been within 24 hours

There are multiple planned and they will just automatically flow into the next, we don't plan on ordering immediately and are talking with Robocoin almost every day from about Thursday.

Well in that case I guess I'll just have to participate 

[DyslexicZombei]

Hi everyone,

Wow, this Group Buy has escalated quickly. Thank you everyone for your input, your concerns, and pre-orders.

I can report that the we've filed for Corporation Status in the state of Nevada. We expect to have the paperwork in place in 15 business days. No funds will be moved (except for refund requests) while this is moving towards completion.

For liability reasons, Mining operations (and co-op GBs) will be shielded in a completely separate company under the same umbrella, most likely to be incorporated in Texas, for this child corporation.

==

UPDATE: After further review of the legal challenges in bringing this to the United States, we've decided to launch in the EU first and South America soon after.

The first EU locations will be in countries that have expressly stated that they have no issues with Bitcoin. If you would like a refund, there is no restock fee due to this update in plans.

We are doing are best to stay on the right side of the law, and we're setting up 4 child corporations in order to shield different arms of our operations from one another, legally.

==

BTW, 94 shares sold so far. 24 shares pre-reserved by Co-op leaders. 118 shares accounted for.

82 shares available in first pro Group Buy for the ATM arm of our co-op's pro activities.

[nuffsaid420]

I got in on 2 shares order #428. This is going to be exciting!

[floatyfish]

Just sent in about .19BTC for order #451, will be able to send the rest tomorrow!

[philipma1957]

  I am  lot more comfortable with it being separate from the miners.  I am going to wait a day to decide if I want a share of this.  I know mining and I know selling gear on ebay.
 

 I don't know as much about this as the above. Looks to be that we are more linked to the dealer after the fact then we are with mining gear.   Boy this when I still want to be 20 something and single .  rather then 50 something and married for 30 years.   I think I am going to pass.  Don't want to pass as I see this as the best upside investment I also see it as the  biggest risk so far.  Good luck to those that jump on it. 

[btceic]

Do you have a prospectus?

[floatyfish]

  I am  lot more comfortable with it being separate from the miners.  I am going to wait a day to decide if I want a share of this.  I know mining and I know selling gear on ebay.
 

 I don't know as much about this as the above. Looks to be that we are more linked to the dealer after the fact then we are with mining gear.   Boy this when I still want to be 20 something and single .  rather then 50 something and married for 30 years.   I think I am going to pass.  Don't want to pass as I see this as the best upside investment I also see it as the  biggest risk so far.  Good luck to those that jump on it. 

Honestly, the reason I invested is because of a) the assurances that the miners/ATMs would be separate, and b) I feel that the future of Bitcoin (at least in the near future) is in financial services. As much as people would like to be in a world where everything is done via BTC, we simply aren't there yet. This gets us one step closer to that reality, as well as making a small profit on the side.

[CanaryInTheMine]

Watch Coinbase and other exchanges get into running ATMs business...  it makes sense for them to do it.  and they probably have all the needed licenses.
paging coinbase...

[thomas_s]

https://blockchain.info/block-index/437719/0000000000000003dd815b9ac253c6af00833eef7a029c559eb6352db7473e19

Is the block that ended / closed R14A

We are officially on R14B

Congratulations on one ATM being able to be purchased.

**Forced Edit***

My round 3 sierra w/ MPP record of fastest GB =(

well anyway R14 is now fastest.

[waddup]

shit hot, would the company own the machine indefinitely or is this a sort of lease with the manufacturer? that's huge though congrats..

[thomas_s]

Quick Estimated Statistics Update

Team USA - 1
Team Europe - 0
Team Asia - 0


Most shares sold to
Texans

I really thought Team Europe was going to win the first ATM's sales.

Who's going to win the second.

[-Redacted-]

Each state has money transmitter laws and licenses.  No where in the OP was this addressed and was ignored.  MtGox bank acct was shut down because of this.  Please explain.  Thx.

We are aware of the FINCen AML requirements.

No, you are not 100% aware.  I am also talking about STATE money transmitter laws and licenses.  But, it is good you are aware of FINCEN.

Yes, I am 100% aware.  Believe it or not, there are actually people out here who ARE aware of State money transmitter laws, permit applications, and bonding requirements because they've been-here and done-this before.   The starting point for all states is registration as a FinCen MSB as a prerequisite.