Quote from: LordSonjai on December 19, 2014, 10:16:58 PM

I see a lot of hate towards bitcoin on the internet through google news but I came across this video.

https://www.youtube.com/watch?v=vnm4xFC2xNo

Not going to lie,the Atm is a scam,wish I saw this before I posted on that other thread about bitcoin atms and if they could be trusted. I now understand why the atms that existed in my town were pulled from the floor. I personally never used them.

In my opinion bitcoin Atms aren't necessary,it just seems like another jig to make money off of people,its certainly not convenient. Which is my opinion,but the proof is in the pudding. Personally I have never used a bitcoin ATM,even though their was 2 in my town at one point. Reason wasnt because I didnt trust it. But because I didnt feel like it.

In any event,these Atms give bitcoin a bad name,they aren't about pushing bitcoin forward they are about making money,its a scam.

Im kind of upset at how ignorant you are to the actual struggle of obtaining Bitcoin. Not only is instant Bitcoin hard to come by, you either have to supply all of your information like on coinbase to include a major credit card, which at the moment has to be a Visa. Companies like Circle just switched their instant Bitcoin option down to $100 until you build a significant history. Both compaines take 4 to 7 plus days to deliver otherwise.

I am simply pointing out that Bitcoin Atms offer instant anonymous access to Bitcoin in a local setting. You think major exchanges arent taking a piece of your cash? Get real. If someone here can get me more than $500 of instant Bitcoin at a time through a registered, insured, legally run MSB, get in touch with me, I have a serious job opportunity for you. Until then, local Atms are a much better option than waiting 4 plus days for $150 worth of coin.

Furthermore, how do you expect people offering these services to make money if not off Atm fees? Do you think its free to run a business? It takes time, and investment. Most Atms require manual Bitcoin purchases and refills. Not to mention business registrstion fees, MSB registration, accounting, taxes, office supplies, equipment, utilities, wages, insurance, overhead costs, and any other costs a business may incur during its existance.