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Mike Tyson's Cash-Out: Boxer Introduces Bitcoin ATM in Las Vegas

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Denise Truscello, Getty Images

Las Vegas residents and tourists now have a very Vegas way of obtaining bitcoins: from a machine endorsed by former world heavyweight champion Mike Tyson.

Bitcoin Direct has partnered with Tyson to offer an ATM that allows users to purchase the digital currency with their smartphones. The first was unveiled Thursday at Off the Strip at The LINQ, a restaurant at the popular city promenade.

“My fastest knockout in the ring was 30 seconds,” Tyson said. “My Bitcoin ATM can turn your cash into bitcoin in 20 seconds. Las Vegas is the fight capital of the world, and it is also a notable technology hub, making it a perfect location for the first Mike Tyson Bitcoin ATM.”

(Actually, Tyson’s fastest knockout was eight seconds, during a Junior Olympic bout. Someone should go confront him about this error.)

Peter Klamka, the Bitcoin Direct CEO, told the Las Vegas Sun in July that he anticipated Tyson will help bring attention to the burgeoning bitcoin industry. “Far more people know Mike Tyson than have ever known of bitcoin,” he said.

The company plans to expand the Tyson ATMs into other markets. Will the ex-boxer, 49, help make paper currency a thing of the past? He appears confident.  

Denise Truscello, Getty Images
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technology
The iMac Was Almost Called the MacMan
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After breaking out with its Macintosh line of personal computers in the 1980s, Apple was in a slump. Sales had flagged as Microsoft's Windows operating system made waves. In 1998, the company was set to unveil a product that it hoped would reinvigorate its brand.

And they almost blew it.

According to Ken Segall, the advertising genius behind their "Think Different" campaign, Apple founder Steve Jobs was expecting the iMac to reverse the company's ailing fortunes. Where older Macs had been boxy, beige, and bland, the iMac came in an assortment of colors and had a transparent chassis that showed off its circuitry. The problem, as Segall writes in his new book, Insanely Simple, was that Jobs didn't want to call it the iMac. He wanted to call it the MacMan.

"While that frightening name is banging around in your head, I'd like you to think for a moment about the art of product naming," Segall writes. "Because of all the things in this world that cry out for simplicity, product naming probably contains the most glaring examples of right and wrong. From some companies, you see names like 'iPhone.' From others you see names like ‘Casio G'zOne Commando' or the ‘Sony DVP SR200P/B' DVD player."

According to Segall, Jobs liked the fact that MacMan was slightly reminiscent of Sony's Walkman branding concept for its line of cassette players. (Later, Sony had a Discman, Pressman, and Talkman.) But Segall, who named products for a living, feared the name would take away from Apple's identity as being original. It was also gender-biased, and alienating an entire demographic of consumers was never a good thing.

Instead, Segall suggested "iMac," with the "i" for internet, because the unit was designed to connect easily to the web. Jobs "hated" the idea, along with other suggestions, even though Segall felt the iMac could provide a foundation to name other devices, just as Sony's Walkman had. Segall kept suggesting it, and Jobs eventually had it printed on a prototype model to see how it would look. After encouragement from his staff, he dropped MacMan. With this key contribution, Segall made sure no one would be lining up to buy a PhoneMan 10 years later. 

[h/t FastCoDesign]

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entertainment
The Bizarre Reason Burger King Wants to Keep It Out of Russia
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For decades, Burger King and McDonald’s have been engaged in one of the most competitive corporate rivalries in fast food history. In the 1980s, the two actually went to court over accusations about Burger King's sourcing and preparation of meats. In 2016, a BK restaurant in Queens, New York, was draped in sheets and made to look like the ghost of McDonald’s.

The sniping continues, but this time McDonald’s isn’t really involved. According to The Hollywood Reporter and coming our way via Eater, the Russian branch of Burger King has filed a complaint with the country’s Federal Anti-Monopoly Service (FAS) over the recent horror blockbuster It. The reason? They claim the movie’s evil clown, Pennywise, is so reminiscent of Ronald McDonald that the release will constitute an unfair advertising opportunity for their competitor.

While this sounds like either a prank or publicity stunt hatched by Burger King’s marketing arm, the FAS confirmed to The Hollywood Reporter that the burger chain did indeed request the movie be banned. That doesn’t mean it’s not a marketing ploy—there must be economic advantages to comparing a chief competitor’s mascot to a child-murdering clown—but it does offer some substance to the claim. The FAS told the outlet that it “can’t be concerned” with a fictional character in a movie that has nothing to do with hamburgers, but hasn’t made any final decision.

Owing to the recent scary-clown hysteria, McDonald’s has actually dialed down Ronald’s appearances in public over the past two years, which does raise suspicion over what he’s been doing with his downtime. It: Chapter Two is scheduled to infuriate Burger King even more when it’s released in 2019.

[h/t Eater]  

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