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Offline bitcoin42

Development Discussion: A LOW COST BITSHARES ATM
« on: May 22, 2015, 04:22:35 PM »

Dear Bitshares Community,

As announced here
www.bitcoin42.com/blog/a-low-cost-bitshares-atm-the-next-phase-of-mass-crypto-adoption/ this thread serves as an continuous, collaborative development discussion group or “open think tank”.

Please feel free to brainstorm. Despite this project has concrete ideas, this place shall serve as an large clean whiteboard.

We are looking forward to constructive in and outputs of your brains and hearts. ;)

Best regards,
Alec from Bitcoin42

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #1 on: May 22, 2015, 05:01:44 PM »
What will this ATM offer to a customer?
Will I be able to convert fiat to its bit-asset equivalent?


Offline cass

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #3 on: May 22, 2015, 06:10:52 PM »
Welcome bitcoin42!


Quote
Sounds awesome!! Looking forward to everyone being creative in this thread to make the most of this project. :)

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Offline luckybit

Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #4 on: May 22, 2015, 06:17:07 PM »
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Offline Permie

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #5 on: May 22, 2015, 07:08:46 PM »
Could this be one of the first 'Powered by Bitshares' products?

With the ability for brick and mortar store to accept and store crypto denominated in bitAssets stores will begin to prefer holding bitAssets to cash or bank payments.
Not having to pay credit card fees or wait for bank transfers, BitShares makes economic sense. Once accounting features are implemented into merchant wallets businesses will be able to easily keep track of their supplies and more efficiently manage stock.

I think that merchants should be encouraged to sell their fiat cash for bitAssets. This saves them security fees. For a small %, customers who prefer privacy will sell their bitAssets for cash to a merchant. Convenience for the customer. Efficient cash management for the merchant.
The merchant could even set a dynamic price in order to balance cash-on-hand. When the tills are low set prices to encourage users to sell you cash and coins, and when the till is full set prices to encourage users to buy your cash with bitAssets. Could this functionality be coded into a bts merchant wallet and integrated with a cash-register. Or maybe a smartphone app that connects with the till somehow?

The customer can then make a quick profit. If they get a favorable rate to buy bitAssets with cash, they can instantly sell those bitAssets to their bank accounts via a gateway for a profit.
If they got a favorable rate to sell their bitAssets for cash, then the customer can spend that cash on something they were about to spend bitAssets on, but they save a small %.

Benefits all around. Particularly the shareholders!
Does this work?
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Offline merivercap

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #6 on: May 22, 2015, 09:22:21 PM »
 +5% 

Awesome!

Was curious about the BNR and found this nice video:  https://www.youtube.com/watch?v=uv8FV2uNVrE

BTW your Bitshares PDF guide/infographic is really easy to understand.   Great job!
BitCash - Money of the Future (http://www.bitcash.org  | @bitcashorg )

Offline Akado

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #7 on: May 22, 2015, 09:40:21 PM »
wow would this be the first non-bitcoin ATM? it almost sounds too good to be true!
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Offline BunkerChain Labs

Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #8 on: May 22, 2015, 09:55:42 PM »
This is an exciting development... funny our market cap went up right before you posted this <putting tinfoil hat on> :)

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Offline Ander

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #9 on: May 22, 2015, 10:14:40 PM »
This is an exciting development... funny our market cap went up right before you posted this <putting tinfoil hat on> :)

 +5% +5% +5%

I think the market cap increase was due to technicals.  Moving averages, MACD, etc.

I and others predicted a rise shortly before it happened, with no special knowledge of any inside info such as what the Jun plans are, ATMs, or anything else.

(It did surprise me that the rise was as big and fast as it was though).
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Offline BunkerChain Labs

Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #10 on: May 23, 2015, 01:47:15 AM »
This is an exciting development... funny our market cap went up right before you posted this <putting tinfoil hat on> :)

 +5% +5% +5%

I think the market cap increase was due to technicals.  Moving averages, MACD, etc.

I and others predicted a rise shortly before it happened, with no special knowledge of any inside info such as what the Jun plans are, ATMs, or anything else.

(It did surprise me that the rise was as big and fast as it was though).

No fair! Here you are going around in Doc Browns Delorean and the rest of us are all back of the bus. :)
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Offline DestBest

Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #11 on: May 23, 2015, 02:18:12 AM »
Dear Bitshares Community,

As announced here
www.bitcoin42.com/blog/a-low-cost-bitshares-atm-the-next-phase-of-mass-crypto-adoption/ this thread serves as an continuous, collaborative development discussion group or “open think tank”.

Please feel free to brainstorm. Despite this project has concrete ideas, this place shall serve as an large clean whiteboard.

We are looking forward to constructive in and outputs of your brains and hearts. ;)

Best regards,
Alec from Bitcoin42
Awesome!  +5%
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BitShares French ConneXion, the BitShares french gateway.
www.bitsharesfcx.com

Offline ebit

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #12 on: May 23, 2015, 02:42:35 AM »
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Offline imr3

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #13 on: May 23, 2015, 03:34:57 AM »
 *\(^_^)/*

Offline Xypher

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Re: Development Discussion: A LOW COST BITSHARES ATM
« Reply #14 on: May 23, 2015, 05:08:12 AM »
Hey,

I've requested a business associate of mine to take a look at this.
He supplies my start-up with a steady source of Bitcoin and is looking to diversify into ATM's.
He is a biz grad from a top tier college in America and has been working along with my team towards tapping opportunities within the emerging crypto-sphere. He is currently in Chicago and has told me he will look into this once he's back, which should be around Tuesday.



P.s - I personally don't believe ATM's alone would bring in mass adaption of bitshares, but yes - it would be a factor.
Regards

 

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