Waiting for the update 

Quote from: Helikopterben on May 29, 2015, 03:19:35 am

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.

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, 09:12:38 pm

It'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-in
I 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-out
The 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?

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?

Quote from: bitcoin42 on May 24, 2015, 03:19:59 pm

Quote from: Chuckone on May 23, 2015, 03:28:27 pm

Quote from: Freebieservers 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

ATMs 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.