Quote from: legitnick on June 28, 2013, 06:08:26 PM

Quote from: dave111223 on June 28, 2013, 02:15:43 PM

The problem is that all the companies developing Bitcoin ATMs are located in a country that will never allow such a machine to exist.

Once some companies in Asia take up the task it will probably go from drawing board to street corner in a much shortly time.

Last time I checked China was still "Communist" I dont see the chinese government allowing bitcoin ATM's as it takes money out of their own state currency.

In the United States there is no law against a bitcoin atm so its not the countries fault.

It seems like not enough people are using the ATM's then expected.

For example; I'm in Thailand. I guarantee if could plonk down a bunch of ATMs at malls and it would be at least a few years before any government agent asked any questions. At which point a back hander would probably buy me a few more years before I had to answer any real questions.

Sadly I lack the capital and skills required to maintain ATMs (I'm guessing the manufacturers will not be flying out from the US for onsite support?)

In the US, as someone previously mentioned, some agency would be loading your ATM into a van 15 minutes after you set it up.

A few factors come into play to make developing countries more viable for an ATM:
1) It's a freer market in general
2) Governments are slower/less inclined to get involved in new technologies.
3) Corruption can be used to bypass laws

You say Bitcoin ATMs are bad for the "state", but you fail to see that Bitcoin ATMs might be good for the local bureaucrat that has a shiny new gold chain and a hot tub.