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Offline luckybit

Bitshares ATM
« on: August 19, 2014, 12:44:59 AM »

We should contact this company https://bitcoinatm.com/
and others to request they let us buy or sell Bitshares at the ATM.

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Offline tonyk

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Re: Bitshares ATM
« Reply #1 on: August 19, 2014, 12:47:35 AM »
... and bitUSD
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline luckybit

Re: Bitshares ATM
« Reply #2 on: August 19, 2014, 12:57:06 AM »
Why would we go to an ATM with USD to buy BitUSD?

On the other hand I could see people buying all sorts of commodities, gold, or just XTS itself.
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Offline Empirical1

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Re: Bitshares ATM
« Reply #3 on: August 19, 2014, 01:37:15 AM »
We should contact this company https://bitcoinatm.com/
and others to request they let us buy or sell Bitshares at the ATM.

 +5%

Offline tonyk

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Re: Bitshares ATM
« Reply #4 on: August 19, 2014, 02:30:10 AM »
 
Why would we go to an ATM with USD to buy BitUSD?

I consider that the most obvious of all obvious things, but obviously for a hard core miner who has never bought BTC for fiat money, explanation is needed:

replace pts with btsx  below
Thanks testz but you also proved my point, reading through all that and trying to follow it is way too hard for your average person to figre out. The whole process is just a headache e.g this is what I have to do to buy pts or donate btc for ags and this doesn't include the getting another whole new wallet and importing keys etc.
step 1 download btc wallet and backup secure private key etc.
step 2 transfer aud from my account into paypal and wait 3 days for it.
step 3 open coinjar account
step 4 transfer money from paypal into coinjar.
step 5 buy btc with aud.
step 6 transfer btc from coinjar to my private btc wallet.
step 7 if want to get pts to keep or donate, download pts wallet save dat file, private key etc
step 8 register on bter exchange.
step 9 send btc to bter.
step 10 exchange btc for pts.
step 11 send pts to my pts wallet.
step 12 buy bitUSD


You can see how overly complicated and painstaking this whole process is yes half of it is btc related but it's just too much stuffing around too many wallets too many changes its a big ugly mess.
« Last Edit: August 19, 2014, 02:45:49 AM by tonyk »
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

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Re: Bitshares ATM
« Reply #5 on: August 19, 2014, 02:42:05 AM »
Buy BitUSD with USD inside a casino to avoid paying taxes


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Offline xeroc

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Re: Bitshares ATM
« Reply #6 on: August 19, 2014, 07:51:15 AM »
On the other hand I could see people buying all sorts of commodities, gold, or just XTS itself.
I guess you mean BTSX not XTS ... XTS are like bitcoin in the testnet .. they should be worth nothing ..
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Offline luckybit

Re: Bitshares ATM
« Reply #7 on: August 19, 2014, 09:23:44 AM »
On the other hand I could see people buying all sorts of commodities, gold, or just XTS itself.
I guess you mean BTSX not XTS ... XTS are like bitcoin in the testnet .. they should be worth nothing ..


Yes I could see a huge market for BTSX but ATMs have to offer it.  BitUSD in the casino is an interesting idea but I don't think we can avoid paying taxes.
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