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Author Topic: We neet bitcoin ATMs  (Read 3985 times)
leannemckim46
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September 08, 2014, 05:19:08 AM
 #21

Yeah, yes we do, but we need to stop the ID scan and all that fucking orwelian looking shit. We need to do it anonymous FFS, otherwise it defeats the point. Look at this shit:

https://www.youtube.com/watch?v=vnm4xFC2xNo

We need to avoid this shit ASAP. We need to make it simple. Put FIAT into machine, Bitcoin gets transported in your wallet, period! We need to hire people as security to avoid people robbing you and what not and that's about it. No one is going to want to scan their ID's and creepy shit like that.
BTC ATMs needs to scan your identification to comply with AML/KYC requirements. If they did not do this then the ATMs would likely get shut down and the owners/operators would likely get charged with money laundering.

I think scanning ID will add somewhat level of legitimacy to both bitcoin and bitcoin ATMs.  

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September 08, 2014, 05:44:21 AM
 #22

Hope to see ATM all over the world soon and that we will have to make withdraws / purchases any time anywhere.

First bitcoin peeps should educate people all over the world. Some of them just doesnt know about btc. Not some many.

Jerome?
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September 08, 2014, 11:33:42 AM
 #23

Hope to see ATM all over the world soon and that we will have to make withdraws / purchases any time anywhere.

First bitcoin peeps should educate people all over the world. Some of them just doesnt know about btc. Not some many.

specially in the countries like angola, jamaica, etc

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DaveSaldana123
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September 09, 2014, 04:43:55 AM
 #24

Bitcoin ATM in my place will be much cooler than a regular ATM tho..

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September 09, 2014, 04:50:26 AM
 #25

Hope to see ATM all over the world soon and that we will have to make withdraws / purchases any time anywhere.

First bitcoin peeps should educate people all over the world. Some of them just doesnt know about btc. Not some many.

Yes it should be educated indeed, but this will be little challenging also it may backfire potential new user this can be good and bad.
Depends from point of view off course



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SueGiant
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September 09, 2014, 02:28:46 PM
 #26

Well, I need btcs first before I need its ATM
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September 09, 2014, 03:07:42 PM
 #27

wouldn't that mean that government will have some control on BTC ?

LumphiniGarden
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September 09, 2014, 03:13:04 PM
 #28

wouldn't that mean that government will have some control on BTC ?
Actually not. The number of Bitcoin ATM doesn't connected with a government control.
RICHBOSS
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September 17, 2014, 11:18:10 AM
 #29

So if you get BTC on the ATM what carda are you going to use? What will you receive in return (normal atms you get dollars in cash)
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September 17, 2014, 11:23:05 AM
 #30

When the banking industry began to make electronic fund transfers possible (credit, debit) they needed a bridge solution that brought the paper-cash economy to the electronic-cash economy.  ATMs seem to have been one of the most effective solutions: you have a bank account with numbers representing imagined value in it, but you can still withdraw "real" cash at any one of thousands of locations.

Given that PayPal just shut CoinPal down, I assume we know this is going to happen to others as well. What is our bridge solution?

BitCoinMe.com does cash-for-bitcoin (and vice versa) at your doorstep.  The great thing about cash is it has no middle man that can get in the way of an exchange.  If we scaled this up to have in-person exchangers in every city, this would provide a partial solution to the problem.  But with the pros come some cons:

1. Cash delivery in any quantity over $50 (on a regular basis) is something best suited for men with guns and armored vehicles.  We don't want bitcoiners to be jumped, hurt, or killed.
2. Having someone come to your door removes anonymity from the transaction.

What would it take to create a bitcoin ATM?

Suppose a person could visit the ATM, enter a bitcoin address (via USB? via an aliased email address? via some other shortened method?) and then insert cash. The cash is stored in the ATM for collection later, while the bitcoin address is immediately credited at current exchange rates.

On the flip side (withdrawal), suppose ATMs have addresses accessible on the internet (like an email address, e.g. times-square@bitcoinatm.com). You send bitcoin to the address, and then receive a payment receipt with a 5 digit PIN (this could be on your smart phone, or at home on the computer). Then you turn to (or go visit) the ATM and punch in the PIN. Out comes cash, rounded down to the dollar, at current exchange rates.

Can we do this? Should we?



Thing is that they need to be simple as possible can be. I watch one video, when they had so much troubles, that took lots of time to make a transactions. That can push off many people. I do belive, soon will be perfect AMT out there.

Mattofla
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September 17, 2014, 11:27:51 AM
 #31

I agree with you. Popularity of Bitcoin is increasing day by day. So bitcoin ATMs becoming essential. I have found that Bitcoin ATMs are already available in few countries.
Unbelive
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September 17, 2014, 11:34:13 AM
 #32

I agree with you. Popularity of Bitcoin is increasing day by day. So bitcoin ATMs becoming essential. I have found that Bitcoin ATMs are already available in few countries.

capital city of my country have 300.000 population and 4 ATMs Tongue

CoinATMRadar
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September 17, 2014, 11:40:36 AM
 #33

Bitcoin ATMs are already available in few countries.

I would say in many countries, although the number within each country is low: Canada and US are on top
You may check the Bitcoin ATM map here http://coinatmradar.com

Looking for BITCOIN ATM close to you? Check Bitcoin ATM Map from CoinATMRadar.
djarot
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September 17, 2014, 01:22:29 PM
 #34

we sure do need more, not least cuz fees to use them right now are sometimes pretty steep, so competition definitely required! I would think twice as customer if i saw commission for using ATM was 7% for example!
zorke
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September 18, 2014, 03:19:09 AM
 #35

we sure do need more, not least cuz fees to use them right now are sometimes pretty steep, so competition definitely required! I would think twice as customer if i saw commission for using ATM was 7% for example!
I don't think we need ATMs in order to increase bitcoin adoption. I think we need more merchants to accept bitcoin and to offer discounts for paying in bitcoin in order to increase adoption.

It is already very easy for people to buy bitcoin as it is.
liteboozer
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September 18, 2014, 07:32:55 AM
 #36

Bitcoin ATMs are already available in few countries.

I would say in many countries, although the number within each country is low: Canada and US are on top
You may check the Bitcoin ATM map here http://coinatmradar.com

The problem is the word "few" . We need more. We need every people in the world to embrace bitcoin. But how?

CoinATMRadar
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September 19, 2014, 06:42:13 PM
 #37

The problem is the word "few" . We need more. We need every people in the world to embrace bitcoin. But how?

Give it a time, this can not happen overnight. The first Bitcoin ATM was launched less than a year ago. As I'm carefully monitoring all the Bitcoin ATM news, I see there are many positive experiences with ATMs recently. Also people who don't even know a lot about Bitcoin, see those ATMs appearing and start asking questions. This is good. I'm pretty confident that Bitcoin ATMs are a good means of increasing people awareness and increase adoption.

Looking for BITCOIN ATM close to you? Check Bitcoin ATM Map from CoinATMRadar.
bornil267645
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September 19, 2014, 07:06:07 PM
 #38

With bitcoin ATM everywhere, that would be the true haven of BTC Cool Cool

Mattofla
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September 21, 2014, 05:52:25 AM
 #39

I agree with you. I also think that Bitcoin ATMs has become essential for us. Specially on those country, which have accepted Bitcoin.
coindetective
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September 21, 2014, 07:20:14 AM
 #40

What we need is functional debit card which can be used as a regular card. This would avoid banks and enable people to buy stuff with their coins.
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