“One day in November, a few weeks after launching the ATM, Demeter noticed something peculiar as he perused the machine’s transaction data at his office, across town from the coffee shop. At one point, the machine had voided 15 transactions in a row, for no obvious reason. So he drove down to the cafe, and as he walked through the front door, he immediately saw the problem.  A man was sitting next to the machine, at one of the cafe’s wooden tables, and he was holding a sign that read: ‘Don’t Pay Transaction Fees.’ This very human entrepreneur, you see, was undercutting the world’s first bitcoin ATM, which was charging a 7 percent transaction fee.”

http://www.wired.com/wiredenterprise/2014/01/bitcoin_atm/

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