Proposal description
--------VOTE NO--------
Proposal
I would like to convert a Robocoin machine to sell Dash and BTC using the Generalbytes Conversion Kit. It will be a two way machine. It will have a huge Dash Logo. Hong Kong is the crypto center in Asia. This is where the Silicon valley guys come to meet the Chinese miners. Where the Japanese and Korean come to buy their Bitcoin. A physical Dash ATM in Hong Kong will have a huge benefit to Dash.
About me
I am Robert from Hong Kong. I operate three Bitcoin ATMs in Hong Kong since 2014.
https://hkbitcoinatm.com
https://www.facebook.com/hkbitcoinatm
Why I want to do this project?
I encountered a customer who was using my ATM to buy and sell Bitcoin. They heard about Dash other interesting
cryptocurrencies but have no idea how to buy them. They have never heard of Shapeshift etc. A physical machine will make it easier for these people to experience Dash. Also because I am a big believer in Dash. I like to take this opportunity to promote Dash in my ATM shop.
If Dash is to replace Bitcoin like I think it should. It needs to have Dash ATMs. So that ordinary people who never touched cryptos before can buy Dash directly using Fiat.
What is the funding used for?
The Robocoin Generalbyte conversion kit
Freight to transport the 350kg machine to my shop
Endless man hours of my time to setup the machine
Machine
Running cost of the Dash machine etc
I probably will charge 0% fees for selling Dash. I am already paying the rent of my shop so even if the profit from Dash is low it does not matter I can still operate it. I will still be a good thing to promote Dash in Hong Kong & mainland China guys visiting Hong Kong.
What would happen the proposal is declined?
I will still install the Robocoin but won’t spend the time to install the Dash software and setup server for it etc.
Why should Dash fund this?
My ATM has a lot of customers everyday. Dash will have a physical location to promote itself. A beautifully rebranded Robocoin machine (i.e. one of its kind in Asia) will get a lot of attention. Unlike other one off marketing promotions, Dash will have a marketing foot step at a physical location for a long time.
88 Dash is a huge bargain for Dash team since the original cost of a Robocoin is $25K USD.
A lot of media comes to my shop and take photos
CNBC - https://www.cnbc.com/2016/09/28/got-bitcoin-despite-early-setbacks-some-say-it-is-stronger-than-ever.html
https://www.storm.mg/article/232675.
Proposal
I would like to convert a Robocoin machine to sell Dash and BTC using the Generalbytes Conversion Kit. It will be a two way machine. It will have a huge Dash Logo. Hong Kong is the crypto center in Asia. This is where the Silicon valley guys come to meet the Chinese miners. Where the Japanese and Korean come to buy their Bitcoin. A physical Dash ATM in Hong Kong will have a huge benefit to Dash.

About me
I am Robert from Hong Kong. I operate three Bitcoin ATMs in Hong Kong since 2014.
https://hkbitcoinatm.com
https://www.facebook.com/hkbitcoinatm
Why I want to do this project?
I encountered a customer who was using my ATM to buy and sell Bitcoin. They heard about Dash other interesting
cryptocurrencies but have no idea how to buy them. They have never heard of Shapeshift etc. A physical machine will make it easier for these people to experience Dash. Also because I am a big believer in Dash. I like to take this opportunity to promote Dash in my ATM shop.
If Dash is to replace Bitcoin like I think it should. It needs to have Dash ATMs. So that ordinary people who never touched cryptos before can buy Dash directly using Fiat.
What is the funding used for?
The Robocoin Generalbyte conversion kit
Freight to transport the 350kg machine to my shop
Endless man hours of my time to setup the machine
Machine
Running cost of the Dash machine etc
I probably will charge 0% fees for selling Dash. I am already paying the rent of my shop so even if the profit from Dash is low it does not matter I can still operate it. I will still be a good thing to promote Dash in Hong Kong & mainland China guys visiting Hong Kong.
What would happen the proposal is declined?
I will still install the Robocoin but won’t spend the time to install the Dash software and setup server for it etc.
Why should Dash fund this?
My ATM has a lot of customers everyday. Dash will have a physical location to promote itself. A beautifully rebranded Robocoin machine (i.e. one of its kind in Asia) will get a lot of attention. Unlike other one off marketing promotions, Dash will have a marketing foot step at a physical location for a long time.
88 Dash is a huge bargain for Dash team since the original cost of a Robocoin is $25K USD.
A lot of media comes to my shop and take photos
CNBC - https://www.cnbc.com/2016/09/28/got-bitcoin-despite-early-setbacks-some-say-it-is-stronger-than-ever.html
https://www.storm.mg/article/232675.
Show full description ...
Discussion: Should we fund this proposal?
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Thank you so much for the supports in the comment section.
The Robocoin machine is very wide and deep. There is no way to fit it through the door(s) to inside the shops. There are two sets of doors the machine need to pass before it can get inside the shop. There is no way to take down the doors. Even if the machine can get inside it would occupy a whole chunk of space and feel uncomfortable inside.
I can see the votes are increasing and might very much get funded. I don't want to get the Dash funding and not deliver. So I like to withdraw the proposal before it gets approved.
Please kindly refrain from approving it anymore. The software / hardware upgrade were carefully thought through. However the weight and size was always a challenge.
I will stick a big A3 or A2 size Dash logo at my shop so not to waste your time.
Cheers,
Robert
An idea, perhaps you could contact local magazines or online sites in the area and negotiate with them on ad space that talks about Dash and mentions your atm (if you still want that idea) and business. We as masternodes can quantify that kind of ad reach and spend and you should see considerable foot traffic to your location from that kind of spend.
Or if you are interested perhaps we can find masternodes in the region who would be interested in privately partnering with you on something like this. I would think we could find a way to make the money spent measured against some industry ad metrics that help us enable you to profit on your investment in an atm machine.
Its this type of scenario why i was originally against funding specific profit opps, bc i think we can only really support the individuals doing the actual effort, ie. the individual and his specific implementation of an idea. But, the entrepreneur himself has to be able to deliver.
Masternodes should not be involved in the day to day operation of your business.
for instance it might be great for us to sponsor you as an individual via marketing Dash in the region and help u make a profit on this and other future projects with Dash. But, if we fund you for this specific atm machine and you end up not being able to deliver, it puts us in positions that are difficult to quantify and account for the spend.
By sponsoring a specific project we limit YOUR creativity. By sponsoring YOU, we let you free your own ideas and ability to solve a problem.
The flip side of that is that I think its up to you to show the network your deliverables.
TL;DR: --------VOTE NO-------- on this proposal. His Robocoin machine won't fit thru the doors.
Coincidentally I'm in HK until 25 Apr, so I'm curious to check out your place(s).
Abstaining for now, but inclined to support your initiative.
HK has a _massive_ OFW (Overseas Filipino Worker) population. Right now, many of them are using bitcoin to send money back home. Where do you think they get their bitcoin from, and why do you think Robert already has three machines?
At the moment, Coins.ph - a major Filipino bitcoin-peso exchange - does not support dash, but there are people like myself trying to inform them that there is such demand. After all, dash is cheaper and faster than bitcoin, right?
By saying yes to this proposal, we put dash one step closer to capturing that market.
Could you be more specific? How much traffic do you get?
If you get something for free, u dont value it.
if there is an entrepreneur in HK who wanted to open up his own atm and put up his own capital to capture the profit that comes with it, and we fund this project, we have essentially handed the business and profit opp to someone who put no effort into it.
A non subsidized entrepreneur cant compete against a subsidized individual.
atm's are a business. if there were profit for him, why is he not funding it himself? i dont like this concept of im doing it for fun, hand me 6kusd.
6k would be better spent doing awareness campaigns or sponsoring youtube broadcasters outside the crypto space or running full page ads in magazines in HK or other geos to bring in more non crypto folk...
I will still install the Robocoin but won’t spend the time to install the Dash software and setup server for it etc."
im voting no, if u want to add Dash and make a profit from a machine you already have... thats ur business expense. obviously ur customers are interested in buying Dash, so im betting u will install Dash yourself to profit from the customers you already have. if not, another entrepreneur will
So you want 6500 for a day's work setting it up? Your not that bothered about Dash... No from me.
Imo, it doesn't matter if he profits or not, this guy will get the job done. He does a lot of local bitcoin education and I'm sure he'll do the same with dash.
1. You need to pay for somewhere to put it... it's like a vending machine you rent out space. And even if it's free that thing eats up a tonnnn of electricity
2. The machines arnt perfect and you know that, they need maintenance no ones going to fix it for free
3. Transaction fees
So without taking profit you are somehow going to pay for these yourself ?
1) Cost of acquiring ATM
2) Cost of "converting" ATM
3) Monthly operation costs of ATM
4) Where will this ATM be located at?
Voting NO until you clarify these points.
2. Cost of the conversion kit is $1500 USD + Postage
3. Cost moving the actually machine which weight over 350KG to the shop. I am waiting for a quote but won't be cheap.
4. Monthly operation cost ? - I do it for my own interest
5. I have 3 locations in HK. I think I will put it in my ATM shop in Mongkok next to my Lamassu machine.
I already have a lamassu machine which is two ways and had been working fine for years. I don't need to Robocoin machine to give me any extra business. I just thought a Robocoin machine selling Dash is nice in the shop just like btc miners I have in the museum box in the shop.
However I guess he already has such a conversion kit otherwise his ATM would not work, because ROBOCOIN closed their business in 2015 and the ATM would not work without a conversion kit.
Anyways I vote NO because 88 DASH is too big money for this.