Proposal Idea - Collateralized ATM Funding

Please select what applies to you.

  • Nope, not interested at all.

    Votes: 2 50.0%
  • Capital Requirements are too intense

    Votes: 0 0.0%
  • I don't want the legal issues

    Votes: 1 25.0%
  • Theft risk is too high

    Votes: 0 0.0%
  • Yes, i would get 1

    Votes: 1 25.0%
  • Yes, sign me up for 2-5

    Votes: 0 0.0%

  • Total voters
    4

ampp

Member
Feb 12, 2017
184
75
88
USA
The idea is simple in theory at least.

You would deposit your dash into a fund, lets say 40 dash.

Masternodes would approve groups of say 10 branded machines. You would deploy and manage the machine based on community guidelines.

There could be a few options.
And receive your dash back at a slow fixed rate over X years assuming machine is up.
Or buy out and receive dash - current usd value.

We could also have a insurance fund.

Another idea is to do this through treasury proposal.
Operators would contribute to a bulk buy fund, this would be used to purchase bulk machines. A 12 month proposal would be made in dash and payouts would be made monthly by a selected manager.


From a business standpoint i do think a proposal like this needs to happen. Running ATMs is expensive, high risk and a lot of work but the physical presence is second to none. As price continues to move up anyone seeking to sped their dash on a ATM would probably lose money over keeping that money in Dash. A plan like this would hedge against that. With enough machines out there it would also put pressure on them to add Dash as a purchase option. I would also allow operators to decide to allow other cryptos. These machines would have to have low fees.
 

Acedian

Member
Mar 17, 2017
247
71
88
Dash Address
XeMABbcebB5yeZH2HxsV7yLNJA9hbzMgpz
There would have to be someone to maintain the machines in the event of failure or damage. This will limit the areas that would get ATMs.
 

ampp

Member
Feb 12, 2017
184
75
88
USA
There would have to be someone to maintain the machines in the event of failure or damage. This will limit the areas that would get ATMs.
Yeah, these machines would be operated by anyone willing to deal with them. Not a organized team that Masternodes create. Community wise it would be oversight and payout.
 

Leonidas

Active Member
Oct 22, 2016
396
142
113
I like very much the idea in theory... now I would need a very much detailed plan for it
 

ampp

Member
Feb 12, 2017
184
75
88
USA
I like very much the idea in theory... now I would need a very much detailed plan for it
Yeah, before spending the time doing all the legwork on something like this it would be nice to know if at least 20 could be deployed in one go. Perhaps this is the wrong part of the forum to get that data.