GoldCoin Medium of Exchange

[stemis]

During the weekly Sunday meeting it was discussed that we should look into a medium to help the developers turn their GoldCoin into fiat as to not drive the price of GoldCoin down on the exchanges.  I know the US has a complicated mess of laws that hinder this, but I think it is possible in some country on earth. 

I understand that the US is trying to protect against unlawful activity, but any new tech regulations seem to move at a snails pace.  These regulations are generally not consumer friendly either...  Any lawyers, coders, developers, or entrepreneurs want to go in on this project together? 

[kelsey]

its better for goldcoin to sell them on the exchange, goldcoin needs the liquidity. lack of liquidity is a major factor in dragging down the price, in any market liquidity is more important then price.

[stemis]

Thanks for the response.  I definitely agree that GoldCoin's liquidity is vital for the short term, I'm just trying to look ahead as well as help maintain vital costs for GoldCoin's infrastructure.  Most of the world is not on Crypto-Currency and providing as many means as possible to acquire GoldCoin is something that I hope to start solving in a 'Physical' sense.

I know other people have also mentioned ATMs before, I may explore that idea as well because it solves the liquidity concern.  I'll report my findings once I hear back from a few sites.

[stemis]

All the information to get a GoldCoin (or Bitcoin & GoldCoin) ATM up and running is below.  Anyone in the US care to start an LLC together and get this project off the ground?
And yes, we can buy GoldCoin from the Bittrex exchange itself which will increase liquidity. 

Bitcoin ATM (BATM2 that can be modified for GoldCoin (~$2500):
https://www.generalbytes.com/

Source Code and Instructions to modify:
https://github.com/GENERALBYTESCOM/batm_public

The way I see it, the key components of this project are:
1. Starting an LLC - for liability sake
2. The programming of the GoldCoin into the machine - of which I will need help with
3. Picking a bank that is willing to deal with Cash
4. Making a deal to place the ATM
5. Place the ATM
6. Get local business to accept GoldCoin
7. Profit!

Any takers?