I've never used one of those atms before but I might be more inclined to do so now

this is exciting to you? what's with all you bootlicking newbies?

blockchain analysis companies and AML/KYC are not things to celebrate. if bitcoin atms aren't legally compliant, be happy the atm operators are taking the compliance risks so you can retain a bit more freedom.

this is why i still have love for companies like btc-e even though i lost some funds there. somebody has to keep giving the authorities the middle finger! as someone who came up when bitcoin was still the wild west, i don't like the look of this brave new world.

Why would any normal user be happy with this? I've never bought anything from a BTC ATM but I can understand why a lot of people would. Checking online you can see also that buying or selling without verification is quite a good limit (some even in the thousands of dollars) so that is a really good price to pay to change funds without KYC. Even if a fee is 10% I guess a lot of people will see this as a fair tradeoff. But 10% plus kyc? Not sure that'll go down.

I agree with your opinion. For ordinary people buying Bitcoin through BTC ATM points provide freedom. They have no identity control and no limits set. No need to go through KYC as mandatory exchanges, this is great for many people.

While I am happy to see many developments on this front -- the bitcoin ATMs niche of the greater cryptocurrency industry -- many are concern with the same issue again -- the KYC requirement in order to conduct business with the machine. I am not familiar with how these machines are working since I still have to use one but I am just hoping that KYC here is not burdensome and a further intrusion to our privacy. Anyway, since we actually have many options in converting bitcoin to real hard cash then maybe we should avoid this machine beast for the time being. I am particularly interested how the KYC with the machine works...anybody can share any good link for this concern is appreciated.

I like AML/KYC companies not for what their goals, but because they present a very direct challenge to Bitcoin, they are making people more concerned about privacy when they demonstrate the power of chainanalysis, which it turn makes developers and enthusiasts work harder on privacy solutions. It would be much more scary if these tracking technologies were kept hidden and used by police and security services, people would still think that Bitcoin is private and then easily get caught and unjustly sentenced for some bullshit offenses like selling weed.

Eh, they aren't the good guys, some of them are actually the bad guys, like the infamous Hacking Team which was working for dictatorships and helped them find and imprison activists. It's just that their actions might later lead to better security and privacy even if they don't want it to happen, simply because open source software evolves in response to challenges in the wild.

Putting cream on shit does not make it edible, so understand that actions like this is very dangerous for people's financial privacy and also their independence from centralized control and authority. It gives centralized authority a tool to follow every transaction you make with Crypto currencies and it also tells them how much of your money is invested into Crypto currencies. 

Go back a few years and you would not have seen people celebrating about regulation of Bitcoin, but now it has become the norm, because governments are holding regulation of Bitcoin over people's heads, as a forced requirement to use and hold Bitcoin. 

I think these ATMs are a legit way to deposit change and get BTC in return. I am not so sure if I would want to withdraw or transfer money using one of these machines though. No matter the atm there needs to be AML compliance in some shape or form. I guess my next question would be how much could you deposit at once though to make it look like you are laundering money?

In the US, any transaction above $10,000 needs to be reported by law. They could probably still report lower amounts if they find you suspicious, but I find it more likely that they won't pry.

Either way, there are better options for cashing out big amounts. Some Bitcoin ATMs charge percentage fees which wouldn't be an issue elsewhere.