Mrbitco.in ATM Collective starts to sell Litecoin today

[Crossbow376]

we are working on it, we want to buy there coffie for bitcoin, of  course but we want to find beter solusion then bitpay as a point of sale, any one have a good idea let us know.

Indeed. Once every vendor accepts bitpay they are not accepting bitcoin, only a third party payment processor called bitpay, kid of like paypal or mastercard.
If all the merchants who adopted bitpay got told bitpay was stopping, they would not know what to do with bitcoin and would not accept it.

That is true, but I am afraid using bitpay is the only easy way for merchants to accept bitcoin and they don't need to care about the ups and downs in bitcoin price.

[elasticband]

we are working on it, we want to buy there coffie for bitcoin, of  course but we want to find beter solusion then bitpay as a point of sale, any one have a good idea let us know.

Indeed. Once every vendor accepts bitpay they are not accepting bitcoin, only a third party payment processor called bitpay, kid of like paypal or mastercard.
If all the merchants who adopted bitpay got told bitpay was stopping, they would not know what to do with bitcoin and would not accept it.

That is true, but I am afraid using bitpay is the only easy way for merchants to accept bitcoin and they don't need to care about the ups and downs in bitcoin price.

Well merchant adoption is centralized around one third party financial institute, bitcoin is broken, repeat bitcoin is broken!

First paragraph  of the white paper describes BTC as a transfer of value without the need for third party institutions.

[Crossbow376]

we are working on it, we want to buy there coffie for bitcoin, of  course but we want to find beter solusion then bitpay as a point of sale, any one have a good idea let us know.

Indeed. Once every vendor accepts bitpay they are not accepting bitcoin, only a third party payment processor called bitpay, kid of like paypal or mastercard.
If all the merchants who adopted bitpay got told bitpay was stopping, they would not know what to do with bitcoin and would not accept it.

That is true, but I am afraid using bitpay is the only easy way for merchants to accept bitcoin and they don't need to care about the ups and downs in bitcoin price.

Well merchant adoption is centralized around one third party financial institute, bitcoin is broken, repeat bitcoin is broken!

First paragraph  of the white paper describes BTC as a transfer of value without the need for third party institutions.

I understand the problem mentioned.
My point is, the costs to 99.9% of businesses (rents, wages, electricity bills, raw materials, etc) are now all in fiat. So, it is not easy for the merchants to receive something high-fluctuated in price IMO.

[elasticband]

i 100% agree with you, but centralizing merchant adoption around bitpay and coinbase (any others?) is not a solution to the problem, it is just building a problem on top of a problem. Real merchant adoption of bitcoin can't happen until the price is more stable, which will probably be when people stop using Bitcoin as a store of value( i am guilty of this) and actually as a method of transacting online.

[DeboraMeeks]

Does it go both ways too?!

[C.Steven]

Does it go both ways too?!

You can find that clearly stated in OP...

Bitcoin ATM Chaumy
Zeedijk 43, Amsterdam

One way from BTC-O-MATIC

[MegaHustlr]

We need more of these around europe, especially near russia.

[poordeveloper]

We need more of these around europe, especially near russia.

In Russia and the countries around there, people are more used to these kind of kiosks. So I guess they would be successful.

[skorek]

i 100% agree with you, but centralizing merchant adoption around bitpay and coinbase (any others?) is not a solution to the problem, it is just building a problem on top of a problem. Real merchant adoption of bitcoin can't happen until the price is more stable, which will probably be when people stop using Bitcoin as a store of value( i am guilty of this) and actually as a method of transacting online.

and guys we have to realize that there will be not much transactions this year at bitcoin accepting cafes or restaurants, maybe few people a months, so we are talking 100.00 maybe 200.00 euro, if there is bitcoin conferance in the city maybe more. So there is not so much risk for this small bussines to accepted and take a small risk or maybe big reward. coinbase and bitpay are concentrating on the big fishes, they are not much interested in small merchants, they just made a website for them and they charge 1% transaction fee for useing it, i think they should be free solution to this

[poordeveloper]

i 100% agree with you, but centralizing merchant adoption around bitpay and coinbase (any others?) is not a solution to the problem, it is just building a problem on top of a problem. Real merchant adoption of bitcoin can't happen until the price is more stable, which will probably be when people stop using Bitcoin as a store of value( i am guilty of this) and actually as a method of transacting online.

and guys we have to realize that there will be not much transactions this year at bitcoin accepting cafes or restaurants, maybe few people a months, so we are talking 100.00 maybe 200.00 euro, if there is bitcoin conferance in the city maybe more. So there is not so much risk for this small bussines to accepted and take a small risk or maybe big reward. coinbase and bitpay are concentrating on the big fishes, they are not much interested in small merchants, they just made a website for them and they charge 1% transaction fee for useing it, i think they should be free solution to this

Well, with 1% fee it's still cheaper than the card networks. However I understand that some businesses (like cafés) are get paid mainly in cash, where they don't have to pay any transaction fees - so it might seem like they're losing money.

But when you look at the problem, you'll notice accepting Bitcoin, even with a 1% fee, will drive customers to your business (maybe not many yet, but definitely some) which it would never had otherwise had - so that 1% is basically nothing compared to not having had those sales to start with.

[skorek]

i 100% agree with you, but centralizing merchant adoption around bitpay and coinbase (any others?) is not a solution to the problem, it is just building a problem on top of a problem. Real merchant adoption of bitcoin can't happen until the price is more stable, which will probably be when people stop using Bitcoin as a store of value( i am guilty of this) and actually as a method of transacting online.

and guys we have to realize that there will be not much transactions this year at bitcoin accepting cafes or restaurants, maybe few people a months, so we are talking 100.00 maybe 200.00 euro, if there is bitcoin conferance in the city maybe more. So there is not so much risk for this small bussines to accepted and take a small risk or maybe big reward. coinbase and bitpay are concentrating on the big fishes, they are not much interested in small merchants, they just made a website for them and they charge 1% transaction fee for useing it, i think they should be free solution to this

Well, with 1% fee it's still cheaper than the card networks. However I understand that some businesses (like cafés) are get paid mainly in cash, where they don't have to pay any transaction fees - so it might seem like they're losing money.

But when you look at the problem, you'll notice accepting Bitcoin, even with a 1% fee, will drive customers to your business (maybe not many yet, but definitely some) which it would never had otherwise had - so that 1% is basically nothing compared to not having had those sales to start with.

you are right, but they still have to pay 1%, and there must be made o free way of doing it, mostly we should convince them to keep a bitcoin wallet

[Lauda]

We need more of these around europe, especially near russia.

In Russia and the countries around there, people are more used to these kind of kiosks. So I guess they would be successful.

Isn't Bitcoin kind of banned in Russia?

[Zebra]

We need more of these around europe, especially near russia.

In Russia and the countries around there, people are more used to these kind of kiosks. So I guess they would be successful.

Isn't Bitcoin kind of banned in Russia?

Is that confirmed news, or some ambiguous rumors?

[skorek]

We need more of these around europe, especially near russia.

In Russia and the countries around there, people are more used to these kind of kiosks. So I guess they would be successful.

Isn't Bitcoin kind of banned in Russia?

no it's not banned, its like banning untouchables idea

[Zebra]

We need more of these around europe, especially near russia.

In Russia and the countries around there, people are more used to these kind of kiosks. So I guess they would be successful.

Isn't Bitcoin kind of banned in Russia?

no it's not banned, its like banning untouchables idea

So the Russia banned bitcoin is just rumors or false information? 

[freshprince]

Nice, although the Netherlands hardly needed a way to obtain bitcoin. It's probably in the top 3 of easiest places in the world to obtain bitcoin.

[hilariousandco]

We need more of these around europe, especially near russia.

In Russia and the countries around there, people are more used to these kind of kiosks. So I guess they would be successful.

Isn't Bitcoin kind of banned in Russia?

no it's not banned, its like banning untouchables idea

So the Russia banned bitcoin is just rumors or false information? 

Define 'banned'. I don't think any country have 'banned' it outright but some have put certain restrictions on it or from banks / businesses dealing with it. There's a lot of misinformation and uncertainty about too.

[Lauda]

So the Russia banned bitcoin is just rumors or false information?  

Define 'banned'. I don't think any country have 'banned' it outright but some have put certain restrictions on it or from banks / businesses dealing with it. There's a lot of misinformation and uncertainty about too.

Since mid-January, various arms of the Russian government have made moves designed to deter the use of Bitcoin and other virtual currency. On January 15, 2014, Russian legislators proposed three anti-terrorist amendments that impose regulations that would impose strict limits of 1000 RUR (30 USD) per day per person and 15000 RUR (450 USD) per month on anonymous “electronic” money transfers.[1] The proposed laws couple vague definitions of "anonymous" and "electronic" which potentially expose Bitcoin exchanges and users who exceed the limits to punishments of large fines and/or imprisonment.[2] On January 27, the Central Bank of Russia warned that businesses involved with Bitcoin would potentially be considered involved in money laundering or terrorism financing.[3] And finally, on February 6, the Prosecutor General's office appears to have said that Bitcoins and virtual currency are not legal tender, and thus, can not be used by citizens and legal persons in Russia.[4] This is a stark departure from the Russia of 2013, which was very bullish on ventures that provide technology-enabled transfers. But, virtual currency is not without Russian advocates. On January 24, 2014, Sberbank chief, Herman Gref, signaled opposition to restrictions on virtual currencies - calling them a "colossal step backward."[5] Perhaps more voices like this will temper the response to Bitcoins in the near future.

That is what I meant. Restrictions are there, not banned completely.

[skorek]

http://www.youtube.com/embed/UyTMAAQEap8

We want a name for our machine any sugestion?

Machine is called CHAUMY  (David Chaum)

CHAUMY THE CASHFEEDER

or

CHAUMY THE BANK DESTROYER

[skorek]

Yesterday 25 entusiast bitcoin users visit CHAUMY, Amsterdam is trying bitcoin