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@bitcoin42 : it would be pleasure to assist you on ATM package design .. don't know how to say it better...don't hesitate to contact my anytime if you'll have any question graphic related!
http://bitcoin42.com/blog/can-you-believe-its-almost-here/Sorry. Website was down. Reposted the status.We are still working on it. We want to ship it as flawless as we can. We're planing on a leasing contract as well, to make entry level even lower.It's going to be the bomb!Best,Alec
Quote from: bitcoin42 on May 22, 2015, 04:22:35 pmPlease feel free to brainstorm. Since that this kind of ATM could have a receipt, why not consider having a receipt lottery?I think receipt could further encourage people to use this ATM and go on ramp besides the burning mechanism built inside BitShares. And different formula for receipt lottery could be tried: tiny prizes with lots of winners (and higher expectation to win), or large prizes with only a few winners.
Please feel free to brainstorm.
We got some news for you guys...check this out:http://bitcoin42.com/blog/teaser-low-cost-lightweight-atm-coming-soon/
Quote from: bitcoin42 on May 24, 2015, 09:12:38 pmIt's core feature will be conversion of MPA to fiat and vice versa.That's what I was hoping to hear. That's absolutely great.Just to make sure I understand it correctly:Case 1: pay-inI insert some fiat banknotes into the ATM, enter my TITAN name and the machine sends MPA funds to my BitShares account (which I'll immediately see in my BitShares wallet on my mobile phone).Case 2: pay-outThe ATM displays its TITAN name and I send some MPA funds to this name (using BitShares wallet on my mobile phone) and the machine pays out fiat banknotes in return.Is this one of the possible workflows of your ATMs?
It's core feature will be conversion of MPA to fiat and vice versa.
My twitter feed brought up a case recently in NYC where a dude selling BTC was asked to meet in a car where they pulled a gun out and made him transfer his BTC. Which goes to show why if you are to do person to person transfers, stay in a starbucks or somewhere that dampens the risk of being robbed. Or carry a gun and be ready to use it and roll the dice !!
I'm not a big fan of crypto ATMs. It's legacy technology for a 1950s economy. I imagine a better solution would be something like an Uber for money. Alice travels to a foreign country and needs to exchange bitgold for local currency. She pulls up the Uber for money app on her phone and finds someone at the airport who is willing to do this exchange. The future will probably look more like that IMO.
Quote from: Helikopterben on May 29, 2015, 03:19:35 amI'm not a big fan of crypto ATMs. It's legacy technology for a 1950s economy. I imagine a better solution would be something like an Uber for money. Alice travels to a foreign country and needs to exchange bitgold for local currency. She pulls up the Uber for money app on her phone and finds someone at the airport who is willing to do this exchange. The future will probably look more like that IMO.I also think crypto ATMs are way overrated. That will not be where mass adoption comes from. But if ATMs provide certain local areas with an easier way to get started, particularly for users who do not fully trust/understand how to use their own phones and computers for this, then that's great. I wouldn't subsidize development of these ATMs, but I support the concept.
Quote from: bitcoin42 on May 24, 2015, 03:37:17 pmQuote from: Freebieservers on May 23, 2015, 05:08:12 amHey,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. RegardsHi,Thanks for this. We are going to crowd fund on www.gemspace.net soon, so stay tuned. Wow. Reg A+ crowdfunding for international projects at GemSpace? Didn't think of that... I was a bit negative on Reg A+, but if you can keep the costs down on the filing fees, I'm starting to see the huge potential for mainstream/consumer startups. Good luck.
Quote from: Freebieservers on May 23, 2015, 05:08:12 amHey,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. RegardsHi,Thanks for this. We are going to crowd fund on www.gemspace.net soon, so stay tuned.
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
Quote from: crypto4ever on May 28, 2015, 11:27:52 pmI'd like to see an even lower cost solution to start off with, where..John Doe sits at a flea market with some bitShares signage and uses his Android phone to buy and sell Bitshares.But the interface is so easy to use for both the customer as well as the seller, it makes it easy to do the transaction.This way when John's done, and closes shop. All he has to do is travel to the nearest Bitcoin ATM or Bitshares ATM to feed that money back in, so he has more crypto on hand to replenish his Bitshares for the following sales day.This way you don't need to invest in a machine to be "self serve" for people to obtain Bitshares. This would be more of a full serve situation.Also imagine tipping a Pizza delivery driver. University student in his early 20's shows up. You offer him $5 tip in cash, or $10 in Bitshares. He knows what Bitshares is, and happily chooses that instead.I know, everybody is going to say BitUSD not Bitshares. Ok, I still haven't bought any BitUSD until v1.0 comes out, so I still think in terms of BTS There was actually an App for that for Bitcoin, which does exactly that. Can't find it anymore thought. Mycelium wallet has a feature like that too though. In the end, all you need is a mobile wallet really.
I'd like to see an even lower cost solution to start off with, where..John Doe sits at a flea market with some bitShares signage and uses his Android phone to buy and sell Bitshares.But the interface is so easy to use for both the customer as well as the seller, it makes it easy to do the transaction.This way when John's done, and closes shop. All he has to do is travel to the nearest Bitcoin ATM or Bitshares ATM to feed that money back in, so he has more crypto on hand to replenish his Bitshares for the following sales day.This way you don't need to invest in a machine to be "self serve" for people to obtain Bitshares. This would be more of a full serve situation.Also imagine tipping a Pizza delivery driver. University student in his early 20's shows up. You offer him $5 tip in cash, or $10 in Bitshares. He knows what Bitshares is, and happily chooses that instead.I know, everybody is going to say BitUSD not Bitshares. Ok, I still haven't bought any BitUSD until v1.0 comes out, so I still think in terms of BTS
I'd like to see an even lower cost solution to start off with
Quote from: merivercap on May 22, 2015, 09:22:21 pmBTW your Bitshares PDF guide/infographic is really easy to understand. Great job!Yep good work credit to Arlene Birt (abirt) www.backgroundstories.com! She produced them assisted by community!
BTW your Bitshares PDF guide/infographic is really easy to understand. Great job!
wow would this be the first non-bitcoin ATM? it almost sounds too good to be true!
Sounds awesome!! Looking forward to everyone being creative in this thread to make the most of this project. My only immediate question is, how will you motivate individuals to buy these and assemble them all over the world?
What will this ATM offer to a customer?Will I be able to convert fiat to its bit-asset equivalent?
Quote from: bitcoin42 on May 24, 2015, 03:19:59 pmQuote from: Chuckone on May 23, 2015, 03:28:27 pmQuote from: Freebieservers on May 23, 2015, 05:08:12 amHey,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. RegardsATMs are only one channel to get fiat into crypto, and I strongly believe that if Bitshares has several funnels to bring in the customers, either KYC compliant or not, things will be great. Even with just something like OTC trades website like localbitcoins (which someone could name localbitshares) dedicated to Bitshares and bitAssets, that's would be a very nice start.It's a good idea to have something like localbitshares. with BitHalos double deposit escrow we could give people confidence to do OTC trades, without having to rely on a central platform and avoid regulatory burdens. However, that this will become bts compatible will take time.But regarding the need of ATMs, we believe they are vital to on ramp the unbanked. There is a extremely huge amount of people in the world with no access to financial services, or if they have, they pay outrages fees, because the current system does not favor low income groups. That's why the importance to keep it low cost, so we can help the people who need it the most. We can literally save life's with this tech. I can elaborate on this an other time.Double deposit escrow doesnt make much sense for localbitshares for either buyer or seller.Op_checktimeverify may be used for trustless approach i think this doesnt hold collateral.
Quote from: Chuckone on May 23, 2015, 03:28:27 pmQuote from: Freebieservers on May 23, 2015, 05:08:12 amHey,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. RegardsATMs are only one channel to get fiat into crypto, and I strongly believe that if Bitshares has several funnels to bring in the customers, either KYC compliant or not, things will be great. Even with just something like OTC trades website like localbitcoins (which someone could name localbitshares) dedicated to Bitshares and bitAssets, that's would be a very nice start.It's a good idea to have something like localbitshares. with BitHalos double deposit escrow we could give people confidence to do OTC trades, without having to rely on a central platform and avoid regulatory burdens. However, that this will become bts compatible will take time.But regarding the need of ATMs, we believe they are vital to on ramp the unbanked. There is a extremely huge amount of people in the world with no access to financial services, or if they have, they pay outrages fees, because the current system does not favor low income groups. That's why the importance to keep it low cost, so we can help the people who need it the most. We can literally save life's with this tech. I can elaborate on this an other time.
Quote from: Freebieservers on May 23, 2015, 05:08:12 amHey,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. RegardsATMs are only one channel to get fiat into crypto, and I strongly believe that if Bitshares has several funnels to bring in the customers, either KYC compliant or not, things will be great. Even with just something like OTC trades website like localbitcoins (which someone could name localbitshares) dedicated to Bitshares and bitAssets, that's would be a very nice start.
This sounds cool. Would your company be involved/ licensed for regulatory purposes(ie money transmitter, AML,KYC) or would that fall on the customer/atm owner?
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
Quote from: DataSecurityNode on May 22, 2015, 09:55:42 pmThis is an exciting development... funny our market cap went up right before you posted this <putting tinfoil hat on> 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).
This is an exciting development... funny our market cap went up right before you posted this <putting tinfoil hat on>
Sounds awesome!! Looking forward to everyone being creative in this thread to make the most of this project.