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Discussion => Security => Topic started by: HiXxY26 on April 27, 2013, 06:59 am

Title: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: HiXxY26 on April 27, 2013, 06:59 am
BitcoinATM Press Demonstration

May 2nd, 1:00 pm at the Hotel Del Coronado in San Diego, CA


BitcoinATM is announcing its grand inauguration and launch press conference and reception. BitcoinATM will be unveiling its G6000 BitcoinATM at the Hotel Del Coronado in San Diego, CA on Thursday, May 2, 2013 at 1pm. The machine will be displayed and presented as fully functional for both cash in and cash out capabilities with a real time presentation showing the funds flowing into or out of bitcoin wallets.

There is a limited number of space available for the afternoon gathering and a large amount of interest, so BitcoinATM asks all media and interested parties to send the company an e-mail to RSVP to Justin@BitcoinATM.com





Anyone around there going to try it??
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: White 0ut on April 27, 2013, 07:02 am
Might be taking some trips to Cali to cash out soon!

Can you imagine withdrawing $1k's of $'s lol...

Wild, but I like it!
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: psychedelicmind on April 27, 2013, 07:05 am
Sounds ideal for cashing out the bitcoins. I have premonitions of loads of vendors moving their operation to California!! :)
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: White 0ut on April 27, 2013, 07:10 am
https://bitcoinatm.com/

Clearnet
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: HiXxY26 on April 27, 2013, 07:14 am
I'm watching some vids on their website. The founder handles these media guys great  :D
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on April 27, 2013, 07:14 am
I hope it holds a lot of cash...
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: White 0ut on April 27, 2013, 07:15 am
I hope it holds a lot of cash...

Quoted from the site...

"Bulk-Note Cash Dispenser."
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: HiXxY26 on April 27, 2013, 07:22 am
I hope it holds a lot of cash...


You bring up a good point..I bet this thing runs outta cash quick it there are any SRers around there ;D
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on April 27, 2013, 07:40 am
I want it to have a big arm I can pull down to commence it to dispense gold and silver coins in exchange for my bitcoins.

Ting ting ting ting ting ting ting ting ting ting ting JACKPOT!
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: ecstasydude on April 27, 2013, 08:04 am
O Boi !!!

You better watch them CC# Skimmers and cameras, some fuckers are placing over ATM's.

Nothing worse than giving someone your account information,
filled with untraceable money, that they can move in one click ;D ;D ;D

Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: HiXxY26 on April 27, 2013, 09:41 pm
What would be the security risks of using one of these atms to deposit cash to get btc? I know they have cameras but couldn't you walk up with sunglasses and a hoody of send someone else up and deposit your cash. I mean buying btc is totally legal. Have them sent to a legit wallet then do a few transfers to get them to SR? Seems way easier and safer then bitinstant or having your bank account linked up like coinbase.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: goblin on April 29, 2013, 01:39 am
I am sure that as with all ATMs, it will have a relatively small maximum amount that can be withdrawn daily. And as all ATMs, it can't really have all that much cash in it, else it becomes a tempting target for criminals and/or hackers. I wonder who will be in charge of taking the cash out/putting the cash in every 24 hours or so. Armoured truck guards? That can be awfully expensive.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: AnonymousAddict on April 29, 2013, 01:09 pm
Im not sure if this is new or older news but i read where they were gonna be releasing a BTC Credit card or prepaid card as well.. I dont recall where i read it but , i think it had something to do with Bitinstant releasing it..
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: MrImporter on April 29, 2013, 01:37 pm
Sure it could have a maximum withdrawal amount.  But you have to remember,  you are not sticking a debit card in this machine.  You are simply punching your bitcoin address in.  If there is a max amount,  why not spread your bitcoins between a bunch of addresses. 

Also,  people talking about CC# Skimmers and cameras.  Please read more closely.  This ATM is going to be located INSIDE the Hotel Del Coronado.  That's a high class hotel and I assume it would be pretty hard to get away with setting up a skimmer in there. 
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on April 29, 2013, 01:39 pm
Im not sure if this is new or older news but i read where they were gonna be releasing a BTC Credit card or prepaid card as well.. I dont recall where i read it but , i think it had something to do with Bitinstant releasing it..
Old news.  Kim Dotcom wants to be the first one to release one but I think he's far too late.  There is already a bitcoin bank where user's accounts will be protected by the "Garantie des dépôts" which is the French equivalent of the American FDIC.  Each user will soon be able to order its own debit card that will use their EUR and BTC balance to honor purchases and cash withdrawals.  They plan on being the first one to release the debit cards.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: monkonarollercoaster on May 01, 2013, 01:41 pm
Anyone else thinking what I'm thinking (that bitcoin may just come back out of the crapper tomorrow)?
                                      ...then again if it goes not so well at the debut...(uggh)....M
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: HiXxY26 on May 01, 2013, 11:26 pm
Apparently they just showed off the ATM but it's not open for the public..." I apologize as I truly wish we could leave the machine to operate and allow everyone to use it but we have determined that the liability outweighs the benefit in this instance."
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on May 02, 2013, 12:53 am
Apparently they just showed off the ATM but it's not open for the public..." I apologize as I truly wish we could leave the machine to operate and allow everyone to use it but we have determined that the liability outweighs the benefit in this instance."

That was disappointing.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: ak94w on May 02, 2013, 01:36 am
Apparently they just showed off the ATM but it's not open for the public..." I apologize as I truly wish we could leave the machine to operate and allow everyone to use it but we have determined that the liability outweighs the benefit in this instance."

That was disappointing.

It opens tommorow, I'll be dissapointed once its not open tommorow.

Any san diego weed dealers gonna go try out this ATM? or send someone to try it out...

How soon until national rollout?
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: boosties on May 02, 2013, 01:37 am
so go spend a night or two there... its for the hotel patrons right?
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Vegeta on May 02, 2013, 04:06 pm
They fired Jeff Berwick, the only one who had money and some sense, after they used him for all the media appearances and publicity. Now it's just a bunch of kids running bitcoinATM and I'm not so sure this is going to work.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Just Chipper on May 02, 2013, 06:32 pm
Old news.  Kim Dotcom wants to be the first one to release one but I think he's far too late.  There is already a bitcoin bank where user's accounts will be protected by the "Garantie des dépôts" which is the French equivalent of the American FDIC.  Each user will soon be able to order its own debit card that will use their EUR and BTC balance to honor purchases and cash withdrawals.  They plan on being the first one to release the debit cards.

He'll probably be the first actually. That is Bitcoin-Central the same company that owns instawallet. I am pretty sure that card will never happen after this last event with them. Davout (owner) has all but gone into hiding after the instawallet failure. Even if it did they couldn't even secure a simple web-based BTC wallet, what would make you trust them with your bank account?
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Mike Hunt on May 02, 2013, 07:16 pm
It sounds like a sting but I'm going to take a look at the site. I don't see how it would be too cool tho. What if they started issuing debit cards with a bit coin address on them?
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on May 02, 2013, 07:27 pm
Old news.  Kim Dotcom wants to be the first one to release one but I think he's far too late.  There is already a bitcoin bank where user's accounts will be protected by the "Garantie des dépôts" which is the French equivalent of the American FDIC.  Each user will soon be able to order its own debit card that will use their EUR and BTC balance to honor purchases and cash withdrawals.  They plan on being the first one to release the debit cards.

He'll probably be the first actually. That is Bitcoin-Central the same company that owns instawallet. I am pretty sure that card will never happen after this last event with them. Davout (owner) has all but gone into hiding after the instawallet failure. Even if it did they couldn't even secure a simple web-based BTC wallet, what would make you trust them with your bank account?

Fuck!  I didn't know they owned instawallet!  Fuck!  Kim Dotcom is going to ruin it.  The US government already hate him and he's a cocky fat fuck.  I love how he sounds like the aliens on Aqua Teen Hunger Force though.  He's got that going for him.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: thetopshelf on May 02, 2013, 07:58 pm
Anyone in San Diego????

Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: XXXotica on May 02, 2013, 08:17 pm
Mine as well start walking inside the post with a name tag on and letting the workers know your shipping illegal goods as well, while you're at it. If you're a vendor is it really worth the risk? Theres literally one in the world. Yes coins arent illegal and for the most part untraceable but if you honestly need to cash out your coins via an atm then you need to rethink your business infrastructure.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on May 02, 2013, 09:19 pm
If you search google for this topic with two key words and the city name, the sixth link is this thread lol.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: RoxiPal on May 03, 2013, 01:24 am
What's the big deal?  If you take care of your coins and where they've been, you should have no qualms about sending a trusted 3rd party to withdraw chunks of cash for you.  Now, if they aren't going to allow withdrawals >$1000, then there's no point wasting anymore time talking about it.  Stick to the tested methods which preserve anonymity but cost you more in terms of fees and time wasted/spent.  Just a free 2cents :)
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: The Advocate on May 03, 2013, 11:06 am
https://bitcoinatm.com/

Clearnet

See ya there, White Out ;)
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Japan1980 on May 03, 2013, 02:27 pm
I hope it holds a lot of cash...


You bring up a good point..I bet this thing runs outta cash quick it there are any SRers around there ;D

Haha true - It may as well have a great big green Camel on the side of it.

Also an ideal location for a homeless addict to migrate too!! (I mean literally sleep next to the machine)
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: PsilocybinReality on May 03, 2013, 03:36 pm
I'm surprised this has been allowed to go through - seems like a great money laundering opportunity.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: goblin on May 03, 2013, 07:34 pm
If you search google for this topic with two key words and the city name, the sixth link is this thread lol.
Don't any of you use Duckduckgo? Google is so evil... I wish Scroogle were still around.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on May 03, 2013, 11:02 pm
If you search google for this topic with two key words and the city name, the sixth link is this thread lol.
Don't any of you use Duckduckgo? Google is so evil... I wish Scroogle were still around.

I love the idea of Duckduckgo, especially the hidden service because I hate breaking out of the TOR network.  I just don't get the same results as I do with google.  I use google with TOR a lot.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: HiXxY26 on May 10, 2013, 03:42 am
youtube vid of when they showed off the atm


clearnet link*  http://youtu.be/ZqEdBCKFPAo
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: tit4tat007 on May 10, 2013, 04:52 pm
didnt cyprus have this a while ago?
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Just Chipper on May 10, 2013, 06:44 pm
didnt cyprus have this a while ago?

No the owner of Bitcoin ATM was interviewed on air as saying he wanted to put one in Cyprus. It never materialized to my understanding. I would venture to guess that the government didn't want a competing financial system in the country while the countries' citizens have lost faith in the current financial system.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: snickerlover6969 on May 10, 2013, 07:47 pm
sub
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: ak94w on September 29, 2013, 12:06 am
did this ever happen?
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Jack N Hoff on September 29, 2013, 12:29 am
did this ever happen?

-From Above-
Apparently they just showed off the ATM but it's not open for the public..." I apologize as I truly wish we could leave the machine to operate and allow everyone to use it but we have determined that the liability outweighs the benefit in this instance."

That was disappointing.
Title: Re: Worlds first Bitcoin ATM is opening May 2nd in San Diego, CA
Post by: Just Chipper on September 30, 2013, 02:01 pm
did this ever happen?

I believe it's currently in regulatory purgatory. Each ATM owner (franchisee) would have to be registered as a MSB in each state they operate in. This is an extremely expensive and tedious process. For reference to get registered in all 50 states would cost ~$25mil/year. So not that it can't happen, just that it's currently so unprofitable that noone would buy, let alone implement these.

Now there is an interesting project currently being developed in Cyprus. It's a dual-debit card that hold currency in both EUR and BTC. The card project is Neo, the payment network project is Bee. You can find it on the Bitcointalk forums. This IMO is the best way to implement BTC into an existing FIAT-based economy.