Dirty F

Presentation in a few days.

On March 25, 2013, Canadian media and technology entrepreneur, Jeff Berwick, announced the completion of the world?s first BitcoinATM machine and announced it would soon take it to market.

Today, just over one month later, 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.

The company garnered much media attention over the past month with its plans to bring Bitcoin to mainstreet with its ATM, which, unlike traditional ATM?s, features cash-in and cash-out capabilities for users looking to either buy bitcoins or sell bitcoins.

Cementing itself among the forefront of Bitcoin startups, BitcoinATM maintains its plan to place an ATM in Cyprus, as well as throughout the Americas and the world.

Since announcing its technology, the company has received franchisee inquiries from 300 groups in over 30 countries spanning every continent on the globe except Antarctica. BitcoinATM is also in the process of closing a first round of fundraising expected to be in the $1-3 million range to handle growth and demand.

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 [email protected]. For more information on BitcoinATM you can go to www.bitcoinatm.com.

Fat Panda

lookin good, great way for drug dealers and mobsters to buy bitcoins

#MoneyLaundering

Dirty F

Yaaawn...

CAHEK

Al qaeda and Taliban support bitcoin

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DBS.US

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CaptainHowdy

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Fat Panda

correct, bitcoins are quickly becoming the currency of terror around the world. im sure soon world intelligence agencies will unleash a stuxnet like virus on bitcoin

AllAboutCams

Why not build it like a normal atm

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jscott

ya because al qaeda woudnt dare use US dollars. haha. idiot

L-Pink

"Hotel Del Coronado in San Diego" Sort of an odd choice to place one if you ask me. (which no-one did, I know)


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dyna mo

BitcoinATM will be unveiling its G6000

Dirty F

They also support Dollars.

I take it you will now never touch a dollar again?

Or are you a fucking dumb ass hypocrite?

Dirty F

Have you ever seen a sadder and more immature group of haters than Bitcoin haters?

dyna mo

there is nothing on any internet that even remotely claims that. it's fabricated.

2012

i agree, it looks fantastic . all shiny and stuff . i like money

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dyna mo

i thought it had more of a matte finish.

L-Pink

I know, that's why I'm not going to use it.

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2012

incorrect. you will now be flogged

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Penny24Seven

if you do not agree with anything dumbass says you are a hater LOL

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DatePoster

I frequently make deposits at the sperm bank atm.

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EriktheRabbit

Yes, the morons in love with bitties.

BlackCrayon

interesting article about how the cra (canada revenue) is going to tax bitcoins. apparently they seem to think even when you exchange bitcoins for items, they should be taxed and paying capital gains/losses on the fluctuation of price.

http://www.cbc.ca/news/business/stor...tcoin-tax.html

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Kolargol

I don't get it, Frank. You have 1 bitcoin and you spend so much time writing and reading about it? Are you bored or there is some kind of business in it for you?

L-Pink

Who didn't see this coming.


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ottopottomouse

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dyna mo

since they are taxing them, i wonder if they are accepting them for tax payments.....

L-Pink

No. The profit, if any, is being taxed not the bitcoin.

Also the profits on stocks are taxed but shares of stock aren't accepted as tax payment either.

adultmobile

he's in cnbc so all ok



More people who appeared in cnbc:

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BlackCrayon

doubtful. here is another article. this one talks about canadian bitcoin exchangers having their bank accounts shut down one by one. seems they are concerned about money laundering.
http://www.montrealgazette.com/busin...729/story.html

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dyna mo

when shit hits the fan, the irs will take your stocks/investment portfolio/car/jewelry and sell them right? couldn't the irs seize an investment account and take the funds? wouldn't/couldn't they do the same with btc account?

epitome

So now when people want to buy an account at one of the file lockers or drugs on Silk Road they can go straight to an ATM?

Dirty F

Sure. It's almost like real money. Just still a bit more difficult to buy stuff with it.

dyna mo

well, first they're going to have to figure out how to get to silkroad, then figure out bitcoin accounts, then go to the atm!

Dirty F

Seriously, when will all you people get over the fact that illegal things are bought with Bitcoin. Think about it for a second. It's quite pathetic, don't you think?
Unless ofcourse you won't touch any other currency that is used for illegal things.

epitome

Maybe people are just giving you a hard time like you give the front page a hard time with all the threads? Relax. Most people are just having some fun with you.

Bitcoin will become more legitimized once it has more acceptance but it has a long way to go. It is safe to say though that there isn't a single person on this board that doesn't know about Bitcoin.

dyna mo

does the average schmoe even know how to use a filesharing site? i don't, i know it's a matter of looking up the instructions or whatever, but i couldn't be bothered.

i really don't see a sophisticated crypto-currency FACILITATING new illicit transactions. it's not anonymous ultimately. especially cashing in and out.

maybe it will be at some point, but i'm just guessing like everyone else is right now.

DWB

The IRS currently can seize anything with your name on it if you owe them money and they want to take it.

They took a little over $5000 out of my bank account many years ago (15+ years ago) because my payment to them was late. It was sent on time but it was either lost in their system or in the mail, so they decided it was late and helped themselves. I got the notice after they took the money.

As I'm sure most of you do to, I know some people they have taken everything from. Farm, land, home, cars, business, you name it. They literally ruin lives and families over monopoly money that the FED can print at will.

African slaves had to give 100% of what they produced to their masters. Now, as free range slaves, Americans give 20 - 50% of what they produce and earn to their master. And instead of being physically abused, their lives are ruined in other ways if they disobey, often losing 100% of what they own for being disobedient slaves. But how nice of them to allow us to keep a large share of what we produce and earn. That is mighty white of them.

dyna mo

i hear ya, in rereading my question, the way i wrote it implied a typical payment, i think that's prolly how L took it now that i think about it.

but i still wonder if they would seize a bitcoin account. sure they would right? of course. duh! right?

epitome

I would say they do. Google any movie title, arrive at a file locker, slowly download a video and be presented with a way to speed it up drastically and download just about anything you want. If they know how to download a video from anywhere else they will know how to download from a file locker.

Right now Bitcoins may be a lot of hassle but if they keep progressing it will be as easy as buying a prepaid debit card, IMHO.

dyna mo

i thought you had to know how to connect up all the files and more, i wasn't aware you can just download and click watch.

it's been a while since i looked into all that though.

L-Pink

The IRS has seized racehorses before. That doesn't mean if I owe taxes I can back a trailer up to an IRS building unload Seabiscuit for money owed.

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dyna mo

i see what you are saying now. i said "would they accept" them i was actually wondering in a more general sense, for instance, if it came to it, would the canadian gov seize a bitcoin account and cash it out?

DWB

Historically, they take cash and things they can sell. If they can connect a Bitcoin account to you through an exchange company and you are using an online wallet or no wallet at all, it may be fair game, but I think right now it is too early for that. Maybe down the road once they catch up they would try something like that. And that is a big maybe.

The way to avoid that would be to keep 100% of your Bitcoins in an offline wallet. If they can't touch it, they can't take it.

dyna mo

yup, the thing is, if they found a huge cache of cocaine, they are not going to sell it for cash to settle a tax bill. if they think bitcoins are just as stinky, they won't sell em, hell, they might not even let you sell them for cash to pay a tax bill right?

DWB

If they can track it to you and put their greedy hands on them, I would lean towards yes.

DWB

Drugs are illegal. Bitcoin is not. As long as Bitcoin remains legal, I don't see why they would be treated any different than stocks you may own, or even a private coin collection they find out about. These tax goons are ruthless. That said, if someone is worried about it, keep them in an offline wallet and don't let anyone know you have them.

seeandsee

this is not serious

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dyna mo

yeah, it was kind of extreme comparison, eh, it occurred to me due to the article bc posted

but i'm just fart'n around what if'n....

PromoterX

What is the point if there will only be a limited number of BTC coins available? It better be able to adapt to cashing out LiteCoin or anything else that uses crypocurrency.